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Where are my dividends?
Where are these losers located?
Italy? I'm buying a ticket and heading there with a baseball bat.
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with mike hearns plans to add code that will red-list coins.
and other bitcoin foundation plans to change the blockchain to something more U.S government friendly. the solution is simple.
DO NOT upgrade your client to a newer version that contains these ridiculous idea's.
if the majority of us stick with the same version, the bitcoin sticks with us. If a fork occurs, the new versions with those ridiculous idea's will use the fork. simply let them. we/they can call their fork govcoin.. and let the 1% of foundation loving, government loving users play around with their silly fork just like any other alt coin. while we continue using bitcoin as it remains in its current state.
give it a few minutes/hours and the exchanges will see the majority wants bitcoin and not govcoin, thus leaving govcoin to die
Here is an even better idea. The client is open source, correct? So every time a new version is released with new features (many of which we probably want), we can just strip out the red-list features we don't want and re-release that "parallel" client. |
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There's no good reason for it except to get some large retailers to accept it, but it will obviously undermine the relative anonymity of Bitcoin. Personally, I would never do it.
Sure there is. To make Yifu's coins worth more!! How about we blacklist every coin Yifu mined with the "delayed" batch 2 Avalon miners  . |
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There is a need for better notation, that doesn't get out of date fast. millis, and micros etc are too awkward.
My suggestion for how to describe sub-units of coins is to use Log10 notation:
BTC1 = 1 Bitcoin (The existing format)
1BTC1 = 0.1 Bitcoin (i.e. 10^-1)
2BTC1 = 0.01 Bitcoin (i.e. 10^-2)
etc.etc.
In this way 8BTC1 = 1 Satoshi
So, for example if you wanted to sell something for 0.0075 bitcoins you would say 3BTC7.5 or 4BTC75
wha... this is the most awkward solution ever. No thanks. |
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Alt coins are NOT a hedge against bitcoin.
If bitcoin is made illegal or the US govt starts shutting down exchanges, alt coins will crash too. If there is found to be a weakness in the bitcoin protocol, alt coins will crash too.
In fact, anything that would crash bitcoin will likely also crash alt coins. They are the worst hedge ever!
People who say they are a decent hedge understand nothing about investing.
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He never will. Bitcoin is far too risky for him. The market is also far to small. Not enough liquidity for him to buy any amount of coins that would be meaningful to him.
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I've been selling some of my coins, 50 a day for the past 4 days now. Not that I think it's going to crash but Bitcoin is INCREDIBLY risky and an all-time high is a good time to take some profits.
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Wow, what an asshole.
Of course, I had already figured that out when I received my Avalon miner 2 months late and noticed it still had the settings for the pools that Yifu was using to mine with it while it was "delayed".
What a sleazy business. I think a lot of people will never buy from Avalon or him again. He's lost a lot of respect in the Bitcoin community and I don't see how anyone will go for his crazy ideas.
In the meantime, we should start using zero coin.
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No, mBTC makes far more sense right now.
If I am buying something that costs $50, I want to pay 125 mBTC, not 12,500,000 satoshis.
Using satoshis is just ridiculous and even worse than just staying with straight BTC.
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Buy HedgeCoin. It's designed to go up when Bitcoin crashes and go down when Bitcoin goes up.
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Don't forget ......... CAPITAL GAINS !!!!!!!!!!!!!! If a dude is holding 350 bitcoins and makes $350,000 ...... Some such dudes are going to have to give $100,000 of it to the government "just because" .... Maybe the correct question is, how many people are applying for citizenship in Germany right now? I'm surprised nobody has qualified the "cash out" option with a date - does it really makes sense to cash out for a bunch of fiat right before the end of the year, when you would have to claim it as income only a few months later? Why not wait until January at least so that you have over a year before you have to claim anything for taxes? If you want to put it as fiat at least maybe you could invest the portion needed to pay taxes for the year interim and lessen the impact. But maybe that's just me...  In the US I believe you might need to pay quarterly estimated tax on capital gains. If you don't you could be hit with a penalty when you go to file your taxes for that year. |
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As much as I love these boards they are a pain to keep running.
First, after some time they began to crash my raspberry pi. Like caused the pi to completely freeze up requiring it to be power cycled. I tried two different raspberry pis, two different SD cards, two different versions of raspbian, two different USB hubs and using both wifi and wired ethernet. The only thing I could think was the power adaptor was not strong enough. I bought a heftier one but I haven't gotten a chance to try it yet. For now, I gave up and switched to using a Linux PC.
Having 8 boards chained together was really unstable (frequent USB write errors that would crash the whole setup), so I went with 2 sets of 4. Sometimes that would run for days without problem, but then if I ever had to restart it, I would have to spend hours, if not days restarting it repeatedly when it crashed or the hash rate permanently dropped (seems like one board would occasionally go dead?). The weird thing was if I got it running for a few hours, it would run for days or more without any problems. In other words if things were to go wrong, they would within the first hour or so, usually within the first 10 minutes. Very strange.
Presently, I have a 7 port USB hub with 6 USB cables going to 6 of the boards, and the other 2 boards chained. Those two boards had their mini-usb plugs broken off. I have a 9th board with a broken usb connector too but that board is completely dead (no lights go on at all) and I have no idea why. It seemed to frequently overheat and crash a lot until one day it just died. I have a feeling static might have killed that one. It seems much more stable using usb rather than the canbus cable. I've upgraded the firmware to all the boards I could (that still have usb connectors).
Also, I epoxied the remaining connectors so that they will never ever come off, but that also means they have usb cables permanently glued into them.
Anyways, I have 8 boards running at 1325 mv (probably could do 1375 and be ok) and 115200:128:10:45:282 for the options settings. They are drawing about 800 watts and get an average of 381 GH/s.
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what's your hashrate?
Right around 200G (50G per board) on the BBFs. They have been very stable, running off a raspberry pi. Burnin has done a great job with all the hardware he has put together. Business dealings have been stressed but the actual hardware seems quite good. I knew that raising the voltage makes your consumption go up exponentially, but this seems a lot. Have you measured your consumption at default speed/voltage? If i'm not mistaken it should be 256 with 900mV, but don't take my word on that. No, that's right, I have 8 boards and it draws exactly 800 watts. |
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I think this will go to 1000 before correction..
the chinneses still sees prices below 500 as extremely cheap.
People said it would go to 300 during the last bubble. It never did. I never sold and I got burned. This time it makes sense to sell at least a little as it goes up. When the inevitable correction comes you can buy back in. If not, you still can continue to make money on the coins you have left. I feel that the chances of us seeing <$300 again are greater than the chances of us seeing $1000. We will see $1000 someday, the question is whether there will be a crash before then. I bought most of my coins at around $10, so I am not sad selling at $400. |
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It's good to have some fiat available so you can buy in when there is a crash. That is, if you are long-term bullish on bitcoin which pretty much everyone here is or they wouldn't be on this forum.
I had roughly 1,000 coins and planned on selling 250 at $350. I've sold 100 so far and hopefully will no be able to sell the other 150 at >$400.
If bitcoin continues to rise, great, the rest of my coins will be worth more.
If it crashes to below $300 or even below $200 I'll take the $100k fromt he sold coins and buy back. I'll have more coins than I started with and still be happy. Being long term bullish I know it will be back above $400 again even if there is a huge crash.
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If your strategy is "buy and hold" then the answer is to buy as soon as possible.
Buy and hold does not involve day trading or trying to time the dips and rises in the market.
If your strategy is buy and hold you believe that bitcoin will generally increase over time which means the lowest price is RIGHT NOW.
So you should spend all of the fiat you wish to investment to buy asap.
Here is an example where I messed up:
I am a buy in hold investor. I bought a bunch of coins last November at about $10.80.
They were doing well so in January I decided to buy more. They were at about $13.75 at the time. They had been going up and down and I got greedy and decided to buy in at $13.30.
Well they went into the $13.30s but never hit $13.30. And then they began to rise. I held off waiting for them to go down. Eventually they rose to $17.25 a couple of days later and I just bought.
They never went down that low again (as of now).
I missed out on an extra 80 coins or so if I had just bought right away!
Don't try to time the market unless you have good reason to believe it will go up or down. If you are a long term investor, do what the strategy says, buy as soon as possible, and hold long term.
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Yeah, I don't think so, Have you seen the market recently? The bubble had to pop eventually and it looks like it's happening now.
Expect sub-200 prices and not to see 200 again for a while.
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So angry. Today was the 1 year anniversary from when I first bought bitcoins. So TOMORROW is the day I could sell and pay long term capital gains instead of short.
All week I was praying it wouldn't crash,
Just my damn luck that it crashes before then!
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