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2961  Economy / Currency exchange / Re: MTGOX <-> BTC BID/ASK on: February 09, 2014, 11:19:43 AM
[offline for the evening]
2962  Alternate cryptocurrencies / Altcoin Discussion / Re: Turing complete language vs non-Turing complete (Ethereum vs Bitcoin) on: February 06, 2014, 03:14:41 AM
Ugh. Cryptocurrency. or at least Bitcoin at a minimum—  is _NOT_ about "democratic consensus" cue the trope about democracy is wolves voting to have the sheep for supper. Democratic consensus is a terrible way to handle things, but sometimes its the best available of all possible terrible ways to handle things, but that doesn't make it good. Ideally people could operate on a purely consensual basis and never be coerced just because someone amassed superior numbers.  "Democracy" is particularly intolerable, however, when voting power isn't tied to people-with-shared-interests but is instead tied to spending (as it must be in a POW blockchain consensus).

In Bitcoin the rules of the system are fixed in the software and autonomously enforced by everyone, without reference to any consensus. No simple majority of users or miners can change them, they are as immune to a majority tyranny as anything we know how to make. Sadly the whole system can't work on this alone, since there is no known decenteralized way to autonomously decide transaction order, but it is only in narrow-as-we-can make it way that we compromise on that.

You do not make your proposals look good when you justify them with such vulgar misunderstandings of the structure and motivations that enable Bitcoin to be (possibly!) viable.
2963  Alternate cryptocurrencies / Altcoin Discussion / Re: Turing complete language vs non-Turing complete (Ethereum vs Bitcoin) on: February 06, 2014, 01:48:35 AM
In BTC we are confronted with a similar problem
No, in fact, we are not. Please pay attention to what maaku is saying, he is drawing distinctions which you are missing and which— if you continue to miss— will be fatal to your project.
2964  Bitcoin / Development & Technical Discussion / Re: Check bitcoin version byte in OP_CHECKSIG on: February 05, 2014, 11:23:22 PM
Addresses and version bytes don't exist inside the bitcoin protocol, they're user facing things only.
2965  Alternate cryptocurrencies / Altcoin Discussion / Re: Turing complete language vs non-Turing complete (Ethereum vs Bitcoin) on: February 05, 2014, 06:14:00 PM
Assume they
That doesn't doesn't sound like the kind of assumption permitted in a trustless decenteralized system. If you're willing to trust specific parties to do specific things— the design of paypal is far more efficient.
2966  Bitcoin / Mining speculation / Re: Cointerra advice needed as soon as possible (about to purchase from them) on: February 05, 2014, 04:22:25 AM
I was planning to buy many cointerras and hoping the value of btc goes up
so more of a long term thing
If you are hoping the value of BTC goes up— just buy BTC.  You will gain even more from that increase in value and eliminate the risks associated with mining. ... such as the current situation where cointerra not shipping.
2967  Bitcoin / Development & Technical Discussion / Re: Discussion: SHA256 Collisions seem to be easy to calculate! on: February 04, 2014, 07:59:01 PM
Then go ahead and calculate it and stop wasting our time with half-formed speculation.  Plus, if you find one one can collect 0.35 BTC.

I'm still waiting, incidentally, for you to take me up on your past claims that you could crack 'random' ECC keys.
2968  Bitcoin / Hardware / Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $1.99/GH/s, miners from $2.97/GH/s on: February 03, 2014, 10:20:56 PM
FUN FACT: Literally EVERYONE who preordered an asic from ANY manufacturer that delivered made a profit in USD if they mined for a week or two then resold the hardware.

The only people who think they are getting scammed are the nerds who think that btc mining must result in a positive ROI in btc and think that the hardware manufacturer can be held accountable for that.
This is going a bit off-topic... but it really shouldn't be left unchallenged.

I think you're taking an exceptionally stupid position here.  You have a stack of USD, you could do at least three things:
(0) Sit on your USD and do nothing.
(1) Buy Bitcoin.
(2) But a Bitcoin miner.

If (2) yields less bitcoin than you would have gotten with (1) you are worse off in every way. The miner takes up space, consumes power, has shipping and delivery risks, and is just as worthless as the Bitcoin if Bitcoin loses value, but is far less liquid. You take all the risks of owning Bitcoin, multiplied by illiquidity, plus some hardware specific risks.

There is no scenario in which (2) is better than (1) if (2) yields less Bitcoin, not if bitcoin goes up in value, not if it goes down, not if bitcoin becomes worthless, not on a boat, not with a goat.

Unless you want to consider incompetent people with no self control who can't manage to buy and hold things on their own— in which case I'll gladly offer second signer service for multisig at far less of a loss than ripoff prices from asic hardware vendors and a lot fewer risks.
2969  Bitcoin / Development & Technical Discussion / Re: Evolution of difficulty on testnet3 on: February 03, 2014, 09:54:02 PM
You're welcome.
2970  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: February 03, 2014, 02:57:04 PM
You can get computer power cords with NEMA 6 plugs, which is the norm for 240v appliances. They're not common in residences in north america, but not that uncommon commercially.
2971  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: February 03, 2014, 02:50:06 AM
A really big FU batch 1 customers if they're shipping batch 2, considering I haven't heard a peep about my Batch 1 order that was in the first 125 BabyJet's ordered and have not had any reply to my emails and calls about it in 10 days trying to get information on it.
They've also gone completely unresponsive to me and are ignoring all attempts at communication.
2972  Bitcoin / Hardware / Re: New Avalon Batch on: February 03, 2014, 01:56:21 AM
I think they must have meant the price was 0.5 BTC. That would actually be competitive and interesting, otherwise an antminer is a lot less costly— more than enough to ignore the form-factor an included power supply differences, especially considering the power usage. Maybe it could find a use filling in some space in colos with fixed-per-rack power costs.

Under an assumed growth of 2%/day a 315GH/s device delivered Feb-15th will only mine 2.54 BTC in its life. That kind of growth can't be sustained, but it could certainly be sustained long enough to make something drawing 3.2W/GH worthless.
2973  Bitcoin / Hardware / Re: [Antminer S1 open for sale again] The last round before the Chinese New Year on: January 31, 2014, 11:26:13 PM
Does Bitmain even check PM/Email/Forum thread ?
No one can order anything with his web site ordering system broken.
It's currently the Chinese new year.  Everything in China is more or less shut down right now.

I wouldn't be surprised if the problems persist for a couple more days.

This is also why units sold now aren't scheduled to start shipping until 02/08.
2974  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: January 31, 2014, 10:11:55 PM
If you try plugging in TWO 120 volt from the same room they could be on different phase,
creating a dead short, and trip breakers smoke wire etc. And 120 will use more watts than 240.
There are two PSUs in the unit, and it should be perfectly fine to run them on separate legs of a residential service.
2975  Bitcoin / Hardware / Re: Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip on: January 31, 2014, 07:40:42 PM
Yea, my experience has been things like... order on Sunday, they ship Monday... actually mining on Wednesday, or another one, order on Monday, mining on Friday.
2976  Bitcoin / Pools / Re: Why is p2pool as small as it is? on: January 31, 2014, 05:17:03 PM
1% of the network hash-rate and falling at present?
One of the common arguments against using pie charts is that growth in one item makes it look like the others are shrinking.

P2Pool is somewhat lower than its all time peak hashrate, as your note— a lot of miners fall prey to gamblers fallacy and are only fair weather miners who mine only if the pool has been unusually lucky, even though there is no rational impact... but most of the percentage change has been due to large hashrate increases elsewhere...  And why is P2Pool not getting more of that increase— well, it lacks things like payment in yaun instead of Bitcoin. Smiley

2977  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: January 31, 2014, 04:23:43 PM
So the  fcc/ul approvals are in?  Why aren't we hearing from anyone else about shipping? My order just shows "processing" as it has for months.
2978  Bitcoin / Hardware / Re: [Antminer S1 open for sale again] The first round after the Chinese New Year on: January 31, 2014, 12:55:21 AM
What does this mean, especially the reference to the coupon. I am guessing that Bitmaintech offers no price protection for people like me who paid 1.9BTC only 1 week ago!?
Bitmain gave out 0.02 coupons to people who bought at 1.9 BTC, log into their site to see it in your account.

As far as "only 1 week ago", the new price applies to devices which will ship after feb 8th,  9 days from now.  If they hadn't lowered the price substantially they wouldn't sell any at all— at least not to sane customers.
2979  Bitcoin / Development & Technical Discussion / Re: Proposal: Base58 encoded HD Wallet root key with optional encryption on: January 31, 2014, 12:20:25 AM
1. Some people trust SHA more than Scrypt
As a KDF?  Can you provide some evidence for that?

I've never seen someone suggest that but perhaps they should.

In any case it absolutely should not use SHA512 as a KDF. SHA512 is a hash function, not a KDF, and it does not make an acceptably secure option.

If instead you were saying PBKDF2-SHA512, okay— but probably not worth the complexity to include more mandatory code.

Quote
2. Scrypt is hard on embedded devices. SHA isn't.
The parameters selected should work on embedded devices. And with the support for delegation it doesn't matter quite as much if the selected parmeters didn't work on some device.
2980  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: January 30, 2014, 07:46:57 PM
Is it fraud to declare the actual cost of the goods? Tongue

Like, if you pay be 1 BTC, I feed half of it into /dev/null and tend the other half to Alice. Alice sends you a product with a declaration of $500.  Is that kosher?
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