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321  Other / Beginners & Help / Re: blockchain? on: June 12, 2013, 12:21:33 AM
A better question to ask is: does blockchain grows faster or slower than cost of storage diminishes? Remeber your hard drive five years ago?

All this has been discussed at length and in depth. Try bitcoin wiki and stack exchange. Even better, do your own research, calculate, and arrive at your own conclusion.

Here are some leads:

Note the log scale.

Also, see here: http://ns1758.ca/winch/winchest.html
322  Other / Beginners & Help / Re: New US-based ASIC Bitcoin Mining Hardware Manufacturer - ASIC Technologies on: June 12, 2013, 12:15:37 AM
Yes, our design team all have day jobs in the defense industry, just as we advertise. So, while we have been working this in our personal time for months, we aren't quite ready to all abandon our day jobs until we learn what the market interest & reaction will be. Some of us have families, etc, and it will be a little time before we are ready to make the jump. I hope this is understandable. It's quite possible that we will need to pursue VC funding in order to get this done, if there are few orders, it all depends on interest, though we've had quite a few interested folks so far. While it may sound extraordinary to some that we've been working on a full custom design, honestly we do this for a living and it isn't all that extraordinary to us. Hence we have been pursuing this for some time. In any case, we only accept Paypal as of now, and I hope this offers a level of buyer protection and security for you!
I can warm up to this. What bothers me, and should be bothering you, is that all job contracts I've seen in the States specifically prevent employees from running a related business in their free time. Government employer was no exception.
323  Economy / Economics / Re: Price discovery on: June 11, 2013, 08:11:05 PM
This is reasonable. I would simply use the same period to average the price and volume for each exchange, then calculate the volume-weighted price from that. No need to smooth-out volume over a month. Weigh the price based on where the action is, that is all. Most of us agree that not all action is at Gox.
 
324  Other / Beginners & Help / Re: Bitcoin Transaction Cancellation Options? on: June 11, 2013, 07:51:06 PM
It wasn't even a payment...it did go thru...I have no idea where the wallet key came from, because I copied it off the Armory wallet, however i didn't double check.

https://blockchain.info/address/1ZmAVrjGCHdyUDN3mGGgnmS4rp7ygbJ2S

Bottom line it's not to any merchane and that's the pisser...I think it's gone...since the wallet # shows it received... I'm baffled on how this happened and sick as of the moment...


It may be infection. There is a stealer around which watches clipboard for bitcoin addresses, then simply replaces them with the thief's address when pasting.
I guess you can simply try: copy and address from armory, paste into bitcoin-qt, and visually confirm it is the same.
325  Other / Beginners & Help / Re: Listen to bitcoins! on: June 11, 2013, 07:45:08 PM
This is great. Similar ideas were discussed previously, I'm very happy to see them realized, and open-sourced. Kudos!
326  Economy / Service Discussion / Re: Butterfly Labs CEO 25 Million USD Mail Fraud — A Concise Summary of Evidence on: June 11, 2013, 04:14:10 PM
So, the same person who was convicted of fraud is now a "high-level executive" in BFL. Sonny.  By the way, in an entity such as BFL, speaking of "levels" of executives, "chief executives", etc. is a distinction without a difference.

What was your point again?

Don't use "CEO" if he's not actually in charge?

He is in charge. So is his step father. So is Josh Inaba. So is Nasser. They all are in charge, make decisions, and perform tasks.
327  Other / Beginners & Help / Re: New US-based ASIC Bitcoin Mining Hardware Manufacturer - ASIC Technologies on: June 11, 2013, 04:07:14 PM
We registered the domain by proxy because, understandably, I dont like my personal information all over the internet - I'm sure any of you would do the same at first.

No. That is not how business is done. That is how scams are done.

If you want to do business, kindly provide some verifiable material. Your name, CV, LinkedIn profile, business registration. Advertise your skills. Who are you, and why would anyone trust you with their money. Obviously, you don't really care about getting real customers in by providing good reasons for them. You care about getting the suckers in. That's what all this looks like.
328  Economy / Service Discussion / Re: Butterfly Labs CEO 25 Million USD Mail Fraud — A Concise Summary of Evidence on: June 11, 2013, 01:19:15 PM
BTW...the title of this thread is still incorrect. The stepson was the person involved in the mail fraud allegations.
Conviction, not allegations. Also, what do you mean by step son? Are you saying that BFL guy and the mail fraud convict are not the same person?
http://codinginmysleep.com/interview-with-sonny-vleisides/
So, the same person who was convicted of fraud is now a "high-level executive" in BFL. Sonny.  By the way, in an entity such as BFL, speaking of "levels" of executives, "chief executives", etc. is a distinction without a difference.

What was your point again?
329  Other / Beginners & Help / Re: New US-based ASIC Bitcoin Mining Hardware Manufacturer - ASIC Technologies on: June 11, 2013, 06:11:44 AM
If only.... 1/4 of these were real.  I mean how many people would fall for this.  
Even better, ask yourself how many morons would spend time and money registering a domain anonymously, building a Web site, coming up with a narrative, images, etc. - then spending more time answering the inquiries, responding here, and all that for what - a couple of thousands of dollars at best? A failed life is a failed life.
330  Other / Beginners & Help / Re: New US-based ASIC Bitcoin Mining Hardware Manufacturer - ASIC Technologies on: June 11, 2013, 05:51:53 AM
Hi All,

I would like to introduce you to ASIC Technologies, www.asictechnologies.com. ASIC Technologies started in late 2012 as an exploratory project by a small team of ASIC and FPGA chip designers working at defense OEMs and a fab who were interested in the potential of Bitcoin and pleased by the success of the first advanced mining systems. Since development of these chips was our speciality at work, we decided to investigate our ability to develop a custom chip for hashing Bitcoin. As our design matured in early 2013, we grew confident our products will meet target specifications and compete with others in the expanding marketplace, improving competition in a currently somewhat-monopolized space.

It seems that most of the major vendors (BFL, kncminer, etc) have promising designs but are, as of yet, slow to get their supply chains going and products shipping. Our team has relationships with many custom ASIC chip developers for defense applications, and I believe these relationships and our experience delivering these chips to defense clients will assist us in meeting our deadlines better than prior firms.

Please feel free to check out www.asictechnologies.com and post feedback here. I'm a new registrant to this forum, but not new to reading about complaints about the current companies, so i anticipate this post will be moved to the custom mining hardware thread.

Thanks!

Nice!  Can I just pay now, and have you deliver later?

Kidding. The "contact" page currently does not provide any contact information.

GoDaddy claims:
Quote

ASICTECHNOLOGIES.COM
PO Box 32552
Sioux Falls, South Dakota 57104
United States

Registrant
Domains By Proxy, LLC


Misplaced in your FAQ section is this phone number: (605) 939 – 7882

Not sure what to make of it all.

Nothing found on sdsos.gov/Business/Search.aspx


331  Economy / Service Discussion / Re: Butterfly Labs CEO 25 Million USD Mail Fraud — A Concise Summary of Evidence on: June 11, 2013, 05:44:16 AM
BTW...the title of this thread is still incorrect. The stepson was the person involved in the mail fraud allegations.
Conviction, not allegations. Also, what do you mean by step son? Are you saying that BFL guy and the mail fraud convict are not the same person?
332  Other / Beginners & Help / Re: 139 Days worth of Syncing. on: June 11, 2013, 05:14:24 AM
Hey folks, thanks for the replies!

I don't mind waiting for it so much, I just wanted to make sure it wasn't going to take 100+ days for it to update.

I have a couple more questions.

I'm using Bitcoin-QT, and I've got pay incoming, when it updates will it be in there or is it lost forever?

Also, someone mentioned max connections; how do I change that?

Bitcoin transactions are broadcast publicly, and stored in copies of public ledger ("blockchain") maintained by clients such as yours all over the world. Even if your client is not running, or not up-to-date, you (or anyone else) can check if coins have been sent to a particular address, and how many.  Try blockexplorer.com or blockchain.info.

The only immediate reason you might need a client which is up-to-date is if you want to spend coins that belong to you. One of less immediate reasons to have the client running is that it helps the network by verifying and relaying new transactions.

You don't need to worry about increasing maxconnections count. Default values are just fine, and after a few days will typically lead to a stable number of 20-50 peers connected, assuming your router/firewall has been set up to allow incoming connections on port 8333 to your computer. This can be easily set up from the client if your router is uPnP compliant, or you can manually configure the router to forward port 8333 to your PC. If incoming connections are blocked your client will be limited to eight connected peers.

Let us know how syncing is progressing!
333  Economy / Speculation / Re: MANIPULATION - NOT PANIC! on: June 11, 2013, 04:52:14 AM
No. Last two Sundays indeed featured a minor crash each, but there was also a crash on the Friday in between the two. Also, three Sundays ago there was no crash - in fact, there was a small rally, followed by a dump on Monday.

And don't start invoking time zones, because even if you force some data points to fit your failed theory, you loose the other two.

Also,
Quote
There once was a huge boulder, perched precariously, on the edge of a cliff.  For hundreds of
years this boulder was there, rocking and swaying, but always keeping its balance just perfectly.
But one year, there happened to be a sever windstorm; severe enough it was, to topple the  
boulder from its majectic height and dash it to the bottom cf the cliff, far far below.  Needless to
say, the boulder was smashed into many pieces.  Where it hit, the ground was covered with a
carpet of pebbles--some small and some large--but pebbles and pebbles and more pebbles for
as far as you could walk in an hour.

One day, after all this, a young man by the name of Ichabod happened on the area.  Being a
fellow of keen mind and observational powers, naturally he was quite astounded to see so many
stones scattered so closely on the ground.  Now Ichabod was very much interested in the nature
of things, and he spent the whole afternoon looking at pebbles, and measuring the size of
pebbles, and feeling the weight of pebbles, and just pondering about pebbles in general.

He spent the night there, not wanting to lose this miraculous find, and awoke the next morning full
of enthusiasm.  He spent many days on his carpet of stones.

Eventually he noticed a very strange thing.  There were three rather large stones on the carpet
and they formed a triangle--almost (but not quite) equilateral.  He was amazed.  Looking further
he found four very white stones that were arranged in a lopsided square.  Then he saw that by
disregarding one white stone and thinking of that grey stone a foot over instead, it was a perfect
square!  And if you chose this stone, and that stone, and that one, and that one and that one
you have a pentagon as large as the triangle.  And here a small hexagon.  And there a square
partially inside of the hexagon.  And a decagon.  And two triangles inter-locked.  And a circle.  
And a smaller circle within the circle. And a triangle within that which has a red stone, a grey
stone and a white stone.

Ichabod spent many hours finding many designs that became more and more complicated as his
powers of observation grew with practice.  Then he began to log his designs in a large leather
book; and as he counted designs and described them, the pages began to fill as the sun
continued to return.
334  Bitcoin / Mining / Re: Unknown miner growing rapidly in mining % share on: June 11, 2013, 01:02:21 AM
See: http://blockchain.info/pools

The "Unknown" miner had 9% last week, 11% a couple days ago, and 13% now. Even just 1% of the network is a huuuuge jump in hashrate.

To give a comparison, ASICminer has 19% of the share of the network and they actually are a corporation that reinvests their profits into making their own miners (a sure formula for insane growth).

Could this be a government attempting to destroy Bitcoin by dumping a few million into making their own ASICs? Or possibly a private actor trying to gain total control over BTC?

The rapid growth of this unknown miner is very concerning.

Please make this stop. Do you even know how numbers you are referring to are obtained?  It's a rhetorical question. Please find out the answer, then come back here with something valuable to discuss.
335  Other / Beginners & Help / Re: 139 Days worth of Syncing. on: June 10, 2013, 11:22:01 PM
Hi folks!

So basically, my bitcoin client is 139 days out of date. (That is, the last block it received is 139 days old).

How long will it take to resync?

Is there a faster way to go about this?

Thank you,

- M
Few months ago it took me ~15 hours to catch up on an old, slow laptop. Don't get discouraged - once you are up-to-date, just set the client to start with the system, so you will always be ready to use it immediately when needed.
I am assuming you are using the latest version, and have enabled incoming connections. How many connections does your client show?
336  Economy / Speculation / Re: Why i think we will see another big dump coming sunday on: June 10, 2013, 01:19:25 PM
First of all let me say i hope i'm wrong  Grin

I see all the crazy theories what is causing the price to drop lately.
Unless i missed something it is really simple: 1 guy or 1 company is dumping huge amounts of coins every sunday, the last 3 sundays. I believe about 20k coins each time.
The price drop is simply because of that.

Now the theories why i think he has more coins and will dump at least 1 more time:

{snip}

It's really simple: you are out of touch with reality. Not the only one.



Out of three last Sundays, there were dumps on the last two. The first one (the 26th) was quite stable. If you start talking about time zones, then you lose the other two claims. Besides, there was also a drop in price on Thursday/Friday (6/7 of June).
All in all, your data is wrong, and any theory built on top of that is a waste of everyone's time.
337  Bitcoin / Development & Technical Discussion / Re: Sending use's money back? on: June 10, 2013, 01:05:27 PM
Let's say you have to send user's account balance back.
For security reasons you have locked it so that it can be cashed out only to the address that sent the money.

Now when user sends money you see  2 addresses. The one that has sent/spent the money and the one that got the "change" back. Right?

To which one of them you think would be wiser to send the money back?

The original one is spent, so i'm not sure what happens with it and for how long it's kept?
The one that got the change is also owned by the user (unless there are some exceptions with web based wallets and the like?)

So do you see any drawbacks or advantages to any of the options?
What would you do?

I would sit down and read about how Bitcoin works, then come back here and ask a different question.

Seriously.
338  Other / Off-topic / Re: Bitcoin memes! on: June 09, 2013, 08:44:29 PM
and now trolls yet again degrade another english word (meme)

What trolls? I only see empty slots with an option to unignore, which I ignore.
339  Economy / Speculation / Re: Fundamental analysis thread on: June 09, 2013, 12:21:07 PM
we've seen quite a few dectuples already

Many in the last wave of bitcoiners allowed jealousy to blind them and do not see the fact that they are effectively in the same position as the early adopters were in.

i still think that anyone getting in now IS an early adopter...
True, but sad. It shows that not much has happened since ~2010 to realize the potential of this new technology. Once this thread has been updated (if at all) with a wave of major merchants accepting BTC, and things like bitcoin card actually in people's hands - it will be too late to be an early adopter.

I would not say nothing has happened since 2010. There seems to be much better infrastructure around bitcoins now than when I started using it in 2011, they are more useful and easier to use now.
I agree, that is why I said "not much" - exchanges and merchants come, but most of them go away. Some stay. BitPay is certainly doing a great service to us all, and earning a buck along the way. Great. Paysius and other competitors appear dormant. Not good. Few donation-accepting entities have done quite well.  There are more open-source clients to choose from now than in ~2010. Great. But there have been no breakthroughs, just many small steps. Are we going to outpace the inevitable disasters, by growing strong and diverse enough so they don't do much damage?  Right now, politics of development are one such potential disaster, with lots of ugly and boneheaded disagreements regarding block size, for example.
I'd say we've been moving too slowly, with lots of amateurish and naive mistakes and empty promises. In this technological era, four years is a long time. It's time to grow up.
340  Economy / Speculation / Re: Fundamental analysis thread on: June 08, 2013, 06:31:56 PM
we've seen quite a few dectuples already

Many in the last wave of bitcoiners allowed jealousy to blind them and do not see the fact that they are effectively in the same position as the early adopters were in.

i still think that anyone getting in now IS an early adopter...
True, but sad. It shows that not much has happened since ~2010 to realize the potential of this new technology. Once this thread has been updated (if at all) with a wave of major merchants accepting BTC, and things like bitcoin card actually in people's hands - it will be too late to be an early adopter.
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