If anything, I think going through havelock is preferential to all the other cloud miners out there.  Doing so Guarantees a secondary market, rather than being locked in for the duration of the contract like so many others.  True, it could be explained better, but the difficulty is that friedcat is offering a lot more information than you generally get from cloud miners.

Whether amhash1 will be a profitable investment is another story.

Guys,

It's the mirror song by Thomas Dolby.

...
How do you feel?
Well I don't know just how I feel
All I know that I love you girl (what is real)
It's so real, so real, surreal
...

I'm surprised it's so hard for everyone to find it, I just used google like all the rest of you!

http://www.youtube.com/watch?v=XypN59_jU74

This has to be it, no?

replying so I can see if this gets closer to fruition!

That's what I was trying to find out. Rather than wait for each recipient to earn 5600 satoshis, how would the network react to a transaction with 0.01 BTC input and two hundred 500 satoshi outputs? 

I have no desire to make yet another microwallet based faucet, so I'm trying to think of a way to make sure that recipients get paid in alternative scenarios.

I get that BFL did a lot of people wrong, but is anyone else amused by the fact that, with so many in the Bitcoin community being so anti-government, people are so excited by the governments intervening in this case and hoping to send the principals to prison?

I mean, either you like big government style regulations, protections and penalties or you don't. To be like "I hate government, I hate taxes, stay out of my life, ohhh, but now all of a sudden I need you so maybe government isn't so bad after all"

Again not downplaying bfl's actions, but contrasting all the commentary on this thread to the typical commentary found almost everywhere else.

Why would people drop Netflix in order to pay the same amount for pirated content with a lot less flexibility? You won't be able to stream to a tv, for instance. And with the size of your library, small as it is in comparison to Netflix, how many users will you need to achieve break even just for the storage, before even thinking about bandwidth?

Besides, I'd bet that the Bitcoin userbase is considerably more tech savy then ordinary users, much more willing/able to torrent their content. Why pay you when they can get the same exact content for free?

Just don't see how this could succeed, even if this is based on pirated content. To do it legitimately, paying licensing fees to the copyright holders, would make it even more unachievable

Thank you for the input, everybody.

I have zero desire to make another microwallet affiliated faucet; I think I'll just proceed and see what the balances look like on a daily or weekly basis and figure out the payout method based on that.

I know this is bitcoin talk, but I'd like to offer the choice of Bitcoin or a couple of alts. Primecoin, peercoin, what other ones are people interested in?

I'm interested, if there are still spots left for people of my rank?

Is it ok to keep the tiny plug for my own blog in my sig as well? Under your ad of course? Supposing you'll take me. Please advise!

"Stupid" traders crash the price just like "stupid" traders drive the price up. You can't cast a finger of blame at them for one thing without giving them credit for the other.

I'm considering starting a faucet (either purely Bitcoin or maybe a multicoin faucet), and my question is how best to handle payouts. I see two approaches:

The first is to not payout until an account reaches a certain threshold, which would have to be somewhat higher than the transaction fee for sending the transaction. That would mean a long time between payouts.

The second approach would be to batch payouts - ie, once a total threshold is met (ie,0.01 BTC or even 0.001), construct a batch transaction to send payouts to everybody that is due. On one hand, people would get paid a lot quicker, but on the other, many of those payments would be considered "dust"

Or there could be a combination of the two, send a single payout transaction in a single batch, but only including recipients who had reached a preset threshold.

Just looking to you guys for guidance. Faucets not up yet so I'm not advertising anything, but if this is the wrong place for such a question, feel free to move it to the correct location.

Thanks.

That wall was because he set his sell price at 290 or 300. Had he set the price lower, the price would have fallen much further. It took several days to work through that 30k inventory. 500k hitting the market at once? If it was just a market order, not a limit order, seeing BTC hit (even temporarily) double or even single digits could be a possibility. Such is how things work in an illiquid market.

Not saying that the price would stay depressed at those levels for the long term, just during the course of the sale. After that inventory is cleared away, he price would be free to rebound to whatever level the market set.

I think a lot of people would be trully shocked if they learned just how cheap it is to produce mining hardware. That it's sold at a price that makes retail mining a break even proposition at best is of no relevance. These things are cheap to make, money printing machines. It's just that the manufacturers sell them for a price close to what they would make from operating it over its entire useful lifetime. But the cost to produce the hardware is negligible, and therefore the real cost of producing a Bitcoin is close to negligible as well.

That's thegambleyou have to take, and why he's overing to double your invest,eat if he succeeds. You can't expect 2x return while shouldering zero risk, you just can't.

I'm with OP here. Many (I won't even say most, because that might be stretching it) of us want to see bitxoin succeed. The way to do that is to demand to be able to spend the things. Who cares if the merchant converts to fiat afterwards? Give them enough transactions, maybe they'll start accepting it directly and cut out the coinbase/bitpay middleman. And who knows, maybe someone in their supply chain accepts it. All of a sudden, there's real transacting occurring.

Or is that not good enough, because the supply chain company will also convert to fiat?  

If you're waiting for a full, closed Bitcoin economy to blossom before you consider spending you coin, then that economy will never get here. You want vendors to accept it, you need to start offering it to them. Only then will it start bubbling through the wider Economy.

If you're not spending because you want to preserve your Bitcoin, simple - rebuy the Bitcoin you just spent. You end up with the same BTC you had before, you neutralize the effect of the vendor converting to fiat, and you increase their BTC denominated sales volume. That last part, especially for publicly traded companies, is something that get reported. Then other companies notice. Then analysts report it, and more people start hearing About it.

Or is the 1% transaction fee that you'll save by not having to rebuy an equivalent amount of BTC worth more to you than the appreciation you hope for when Bitcoin becomes a wider used currency?

It has to start somewhere, but it won't start anywhere until you start spending, rather than hoarding (I'm sorry, "hodling") yours while you tout its superiority to fiat currencies and wait for others to spend.

So, you're arguing that the hardest hit country, Ebola-wise, is the one with a predominantly Christian population? Nigeria, 50/50 split, ebola is contained.  Good one. We could go on and extrapolate that the US has seen a couple of cases domestically, yet Saudi Arabia, the UAE, Iraq, Iran, and Sudan have all remained unscathed

backtesting is good and all.... but I'm not sure that this is applicable. The time frame too extreme, in bitcoins case. We're never going back to the days of 2011, early adopters got theirs already, no use creating a model that assumes you can start from the beginning.

If you condense the timescale to this year alone, how would you have held up?

Hi - I am interested in this absolutely! Just wondering, is this a free VPS for life, or is it only free for a certain amount of time?

They can't ever be proven as lost either. You just need to trust someones word that they lost their coins. Unless coins are sent to an address for which no corresponding private key could be generated, there's really no way to verify that coins whether coins are lost or if coins could be declared "lost" in an attempt to manipulate the value of the remaining coins (in an extreme instance). The economy shouldn't attempt to "reprice" bitcoin in an attempt to account for coin losses.