Anything bitcoin related that is shrouded in mystery can be an intriguing subject and a great way to bring up cryptocurrency at any party.
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I hope people will get their moneys worth. Once it's not worth mining anymore the ASICs will be worthless and useless as well. GPU mining weren't as risky. You could use them for other purposes or resell for a fair price.
If we don't find another use for the GPU's LTC and such. Once those GPU"s get on the market, expect the price of the GPU's to drop.
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Keep calm. Dont panic. Keep calm. Dont panic.Keep calm. Dont panic.Keep calm. Dont panic.Keep calm. Dont panic.Keep calm. Dont panic.Keep calm. Dont panic.Keep calm. Dont panic.Keep calm. Dont panic.Keep calm. Dont panic.
I don't know about you but after reading a little bit it started to look like this.... Keep on panicking. Don't stay calm. Keep on panicking. Don't stay calm. Keep on panicking. Don't stay calm. Keep on panicking. Don't stay calm. Keep on panicking. Don't stay calm. Keep on panicking. Don't stay calm. LOL
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Now as I know believing a dream is not so rational. What do you think the chances are of this happening? Where do you see the exchange rate heading?
We hit $4 for a long time this year, actually we broke $3 for a while, why didn't you buy then? We may end up seeing $2. Well the possibility is there when you consider Bitcoin reward halving and the introduction of ASIC's not to mention the fact that Namecoin and Litecoin are being considered viable alternative for GPU"s...... Then again pigs may fly. (However unlikely)
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I wasn't exactly comparing them, as BFL does not make chips. They sort of implied they do but now they claim they weren't referring to the chips. They admit their chips are made in Asia. Taiwan if I'm not mistaken and that's where most of them are. You can probably count the number of high end and/or custom chip manufacturing plants in the world on 2 hands. It's just that they sell to one company that sells to another that sells to another that sells to BFL. The same goes for Marvell and Phision and SiS and even Samsung for example. I think maybe Nvidia owns their own chip fab plant but I wouldn't be surprised if they actually didn't.
Maybe the 2nd gen ASIC's will be "more" custom then these first gen.
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I own 0.0119% of the entire bitcoin currency. Shit yeah.
you are the .01%! 1%. Have to start somewhere.
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You're so right! Against TBF = handwaving, vague insinuations, paranoia. For TBF = enlightened.
Thanks for your time. Nothing more to say to you.
The guys wearing tinfoil hats never consider that everyone thinks they are crazy because they are crazy; it is always part of some grand scheme to suppress them. You seem to be assuming that because I disagree with you, I'm working for "the man" and trying to stifle legitimate dissent. I'm not, I just point out crazy when I see it. See, unlike some people, I made my judgments of those posts based on the contents of the posts, not on their support of the foundation, or lack thereof. If it makes you feel any better, most of the support for the foundation is vague too, but those guys aren't crapping up the forums. I personally have not seen even one single post that was anti-foundation that wasn't full of nonsense (gox is going to pay Gavin to steal all of our coins!), or vague claims ( someday, in the future, the foundation might be so big that it may do or say something that isn't good for the community). If I missed one, please do point it out to me. You make it sound as if people who use past events (historical evidence) as a guide for future outcomes are quacks? Of the 6000 years of documented history that is backed by archaeological evidence, shows that human nature has changed very little at its core. Greed & Fear Death & Tax's
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Paying salary to developer/s seems counter productive to the whole open source methodology. Once you have a boss so to speak, you will not be making the same coding decisions you did in the past. Like it or not your future decisions can or will probably be influenced by the board. IMO the people writing code should not be members of the board. There is nothing stopping people and or the foundation from donating to developers via their Bitcoin addresses.
I like that it could be used to promote Bitcoin.
I'm not opposed to the foundation, just to having any of its members writing code for Bitcoin (not that my opinion really matters, I'm just one person in a great big sea of other people).
The foundation should never be the face of Bitcoin. However the public and media outlets natural inclination is to place an identity to something that they do not understand. They will turn towards any organized representation that is Bitcoin and assume it is the "authority", the De Facto group behind all that is bitcoin cryptocurrency. Less not forget that the face of bitcoin is us. All global participants. That's it. IMO All that The Foundation should be is a group of like minded outspoken Bitcoin "network" members that speak up to guard against any future assaults from special interest groups. A member could be Amazon, Best Buy, Even US Treasury. But as far as you and I go, they are just 1 part of the global p2p network phenomenon that is Bitcoin.
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The new wealthy elite would be roughly 95% male, and dominated by geeks/nerds/libertarians/smart people.
Yeah, that would be a really world altering change!Bill Gates $61.3 billion Mark Zuckerberg $21 billionLarry Ellison $37.9 billionSergey Brin $18.7 billionLarry Page $18.7 billionCarlos Slim $60.6 billion Kevin Rose $160 millionVlasimir Yevtushenkov $9 billionThe Late Steve Jobs $7 billionAzim Premji $15.9 billionSatoru Iwata $7.8 billionMark Zuckerberg $4 billionLarry Page $17.5 billion Masayoshi Son $7 billion Jeff Bezos $8.7 Billlion Pierre Omidyar $6.3 Billion Eric Schmidt $5.9 Billion Ronald Burkle $3.5 Billion Mark Cuban $2.6 billion Peter Thiel $1.3 billion Peter Cashmore $95 million and on and on and on and on...........Had to quote you so I could read the text... Thats small!
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We ship to Russia
We EMC? you really should pull on your bfl sock when answering as them, or put just a tad more info in your post so that people know you are a rep. I know who you are, to ppl that don't your statement means nothing ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) best Graet lol An honest mistake as he is keeping customers informed on the official BFL forums. I can understand why it can be difficult to juggle posts.
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And see this is the thing the vast majority fails to see, these asic's as far as everyone knows are designed after old low end model chips. When a designer coughs up the 10k plus for a virtex-7 and builds that to ASIC, all there products will be null.... 150k LE VS 2Mil LE lol
There's always a better product coming or possible. These aren't static. I mean when Apollo launched the computer it used to go the the moon and back is overpowered by modern watches now. In a couple of years these will be paperweights. In 10-15 years we'll have some sort of personal data device/phone/watch/whatever than can do circles around anything we have now. The only real question is will you get a return on your investment? It's a game of chicken. True
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ASIC Pre-Shipment Testing Policy Update: We are often asked what our official policy is towards testing the ASIC equipment prior to shipping it to customers.
Our official policy is that we will burn in/test your equipment for a minimum of 24 hours on what is called "Testnet-in-a-box." This will allow us to verify that you equipment is working and able to sustain operations at normal operating conditions for a minimum of 24 hours. https://forums.butterflylabs.com/showthread.php/52-ASIC-Pre-Shipment-Testing-Policy
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we just need to get gavin off the board. the others can stand as is but we cannot have the lead developer's hands wrapped up in politics.
Politics and hidden agenda's a sinister pair. Even if an individual or group can be 100% sincere, the possibility for corruption shadowing any organized representation would always be a factor. (however unlikely it may be) the possibility will always exist.
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I have had small black spots appearing all over my body during the past year since I started mining and I have never had something like this happen before. Having all those spots that I never had before suddenly start appearing everywhere in such a short time period was quite scary. There is a very strong possibility that it is directly related. I'm glad I found out what was doing it!!!! I think that 240V power wire that was running the miners runs right under the wall in front of my bed too. This is bullshit. If not bullshit, see a doctor, find out what's actually wrong with you. Regardless, nobody wants to buy a "solution" to something that's not a problem. You may be having problems with your diet. Even check with a nutritionist first. Bitcoin can take up much of your time. Including vitamin deficiencies if you are having poor nutrition.
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satoshis paper
Its fun. The next MMO! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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I wonder if there will be a BFL ASIC 2.0 upgrade path for ASIC 1.0 owners
BFL has stated that in their most resent news release on their forums. we will not forget our customers and will make every effort to transition you, the customer, to the second generation ASIC as easily, quickly and in the most cost effective manner as possible.
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If you buy stuff with it count it as selling.
if you hold them for 3-6 months and then sell them, consider that as selling.
If you buy ASIC's with mined BTC to make more BTC is that still considered selling? Or is that considered super hoarding? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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If history is any indication the idea of a Bitcoin Foundation can lead to a central authority system that will be susceptible to third party influence.
Examples, please. It is always important to self regulate in order to prevent abuses of power. Edit: Please visit the Foundation website for details, and please keep in mind that nothing is set in stone; the structure of the Foundation can be changed by a vote of its members, and exactly what the Foundation does will largely depend on who is willing to step up do the work to make things happen. Simple examples of organizations that have been used to keep the "peace" but may not necessarily be open to outside "scrutiny" (for good cause) OPEChttp://en.wikipedia.org/wiki/OPECDespite the slow return to health of a sickly world economy, oil fetches a lofty $75 a barrel, which Saudi Arabia, OPEC's most influential member reckons is "ideal". source Federal Reserve Systemhttp://en.wikipedia.org/wiki/Federal_Reserve_SystemThe Federal Reserve is not a government agency. There are 12 Federal Reserve Member Banks. A member bank is a private institution and owns stock in its regional Federal Reserve Bank. Member banks, do however, elect six of the nine members of the Federal Reserve Banks' boards of directors.[31][76] From the profits of the Regional Bank of which it is a member, a member bank receives a dividend equal to 6% of their purchased stock.[17] The remainder of the regional Federal Reserve Banks' profits is given over to the United States Treasury Department. source Who Owns the Federal Reserve"Citibank, Chase Manhatten, Morgan Guaranty Trust, Chemical Bank, Manufacturers Hanover Trust, Bankers Trust Company, National Bank of North America, and the Bank of New York" "many of these banks are owned by about a dozen European banking organizations, mostly British, and most notably the Rothschild banking dynasty. Through their American agents they are able to select the board of directors for the New York Fed and to direct U.S. monetary policy" " It is difficult researching this particular claim because a Federal Reserve Bank is not a publicly traded corporation and is therefore not required by the Securities and Exchange Commission to publish a list of its major shareholders. The question of ownership can still be addressed, however, by examining the legal rules for acquisition of such stock. The Federal Reserve Act requires national banks and participating state banks to purchase shares of their regional Federal Reserve Bank upon joining the System, thereby becoming "member banks" (12 USCA 282). Since the eight banks Mullins named all operate within the New York Federal Reserve district, and are all nationally chartered banks, they are required to be shareholders of the New York Federal Reserve Bank." source The Federal Reserve ADMITS that Its 12 Banks Are PRIVATE – Not Government – EntitiesIndeed, Ron Paul noted recently that one-third of all fed bailout loans – and essentially 100% of loans from the New York Fed – went to foreign banks. sourceHowever If history is any guide, having some sort of central bank may have been better than none. Out of 100 years of Fed control, the country has had 22 recessional years, including one depression. The 100 years before the Fed saw 44 recessions and six depressions. What's left is this: until someone thinks of a better idea than the gold standard or handing the economic keys to the Treasury Department, or just leaving a void, the Fed will probably have to stick around—flaws and all."I think most of the rhetoric is political blather and adds to a degree of uncertainty around the world, hurting all aspects of growth," says John Allan James. "It may make good media copy, but the chances of the Fed being dissolved are totally unrealistic." SourceRead more: http://articles.businessinsider.com/2012-02-09/wall_street/31040431_1_interest-rates-big-banks-member-banks#ixzz285rfS66HMore down to earth examples of how regulation has been used for select groups. http://news.cnet.com/8301-13579_3-57443091-37/yep-apple-owns-iphone5.com-now/http://en.wikipedia.org/wiki/Internet_censorship_in_the_People's_Republic_of_Chinahttp://en.wikipedia.org/wiki/Stop_Online_Piracy_Act
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