The World Community Grid (WCG) is already using the pooled donated computing power in people's computers and mobile devices to solve scientific problems. Ripple labs used to pay ripples to encourage people to donate computing power in their idle computers. Paying someone elsethrough a crowdfunding campaign to start doing the same thing seems a waste. https://secure.worldcommunitygrid.org/ |
|
|
|
masterluc, what do you think of DanV's alternate count that still calls for a lower low to complete the eight wave cycle properly? Well I don't except, but think it has smaller odds because all my time projections had been passed. His count will require 2-4 years of revisiting lows and trying to break out. That is too much time for wave two I think. Additionally I have one more "iron" indicator now - weekly sma200, which is appeared not too much time ago. And I don't think it will surrender. If it will then we will see bear epoch. DanV has been predicting 120 since September 2014 and it's gone nowhere near it. Those waiting for 120 in October 2014 got burned because they took his adbice. The closest it got was 150 on Bitstamp in January. Masterluc has made much more accurate counts than DanV and deserves recognition for it. |
|
|
|
....
Bitcoin is actually a pretty poor anonymous currency as the ledger and transactions can be followed and many times the end point will show who the user is.
........
Swiss bank account holders can make transactions without any publicly available way to track them. All Bitcoin transactions can be tracked by the general public unless you start using mixers or other laundering techniques. If using mixers the first transaction sending your Bitcoins to a mixer is publicly available, so it's obvious when you made a withdrawal and how much for. |
|
|
|
|
Most fingerprint readers can be easily tricked with very simple techniques. The newest upcoming technology might be more secure, but I think it will soon be cracked if it hasn't already. If I had a Bitcoin hardware wallet I wouldn't trust any form of biometrics to secure it because most of them have already been broken.
|
|
|
|
On Bitstamp, there is a descending logarithmic line starting at the top of about 1150 with several touches at 659-582 and 454. This line was touched at 258 yesterday and there was a pull-down. Without a clearly breach of the 258 with high volume, IMO, one should forget about entering now.
But read, think for your self, and make your own decisions.
I'm not convinced the normal technical analysis rules apply to Bitcoin. The market is so small and dominated by the big players that they can break every technical analysis rule in the book. If a whale wants to pump or dump he can do it regardless of the fact he might be breaking technical analysis rules that make his pump or dump apparently impossible. |
|
|
|
.... Wow, this is a very harsh punishment. Looks like they did indeed want to make an example out of him.
True. So don't do illegal shit with bitcoin!!!! It's that simple. They did the same thing to Al Capone, they made sure he died in prison and everyone got to know about it as an example. They had to do it because for a while it seemed like they couldn't arrest him and his activities were generating worldwide publicity. Ross was probably even more of an annoyance to them because he was anonymous and seemed untouchable. It was inevitable they would make an example out of him. |
|
|
|
Does anyone know how on earth did the LEs get that many bitcoins out from ross? Was ross seriously such an imbecile that he used some super weak password or had his coins unencrypted?
That's a good question. I'm not sure whether they ever explicitly answered that. Considering he kept incriminating text file journals on his laptop it's possible he would've kept the coins unencrypted or even wrote the password somewhere there too. That's why they were so desperate to catch him with it operating. I've also seen regular mentions of another several hundred thousand coins. Does anyone know whether these are just turnover or whether they're supposed to be under his control too? His 180 something million dollar bill seems to relate to those. I'm not sure. I read that he did a deal with the Feds in which he told them how to access his Bitcoins and agreed to let them sell his coins. In return they said that he could keep the money from the sale if he won his court case, and they could keep the money if he lost. They probably showed him how far Bitcoin's price had fallen and basically said sell now or they will be worth a lot less by the time your court case is over. |
|
|
|
The most surprising thing is that people have invested millions of dollars into this horrible idea. I keep thinking that here must be more to it that isn't obvious.
It reminds me of the IPOs held here. The investors might find they lose a considerable percentage of their investments if no manufacturers want to put mining chips into their toasters. They might consider adding network connectivity to a toaster too expensive to implement. |
|
|
|
The user will get a percentage of mined bitcoin. And I believe the idea is that the hardware itself will be super cheap. Like new moto x is $500. Or $250 with bitcoin chip. For example.
The problem is not hardware price, but energy costs. And the end user will lose more dollars in electricity bills than bitcoins from mining. Battery life is a big problem for mobile phones too. Some modern smart phones are so power hungry they struggle to last a day without a recharge. If they start mining on battery power their batteries will probably go dead in far less than a day. |
|
|
|
Why not asking the author of the photo?  Good question maybe the person who took the picture is satoshi everyone looking at. Who knows only time will say in this matter if the real satoshi will stand up and present himself in the future or not. I was going to ask him, but the person who took the picture's twitter account shows he already tweeted that "Even Nick Szabo thinks that Nick Szabo is probably Satoshi Nakamoto". https://twitter.com/matthew_d_green/status/599294356202336256 |
|
|
|
It really does not matter who Satoshi Nakamotoa is, so long as the technology is sound.
He's the single largest hodler. Kinda matters. If he dumps he could crash the price down to single digits, that kinda matters. He's given no indication that he will ever sell, but it's always a slim possibility as long as he's holding his million coins. Further, those coins might be dumped if anyone ever figures out who he is and steals them from him. Why dump a million coins all at once that'd crash the price when one could easily liquidate 25 BTC every ten millions equating to cashin' out within a year's time? If someone had stolen them they might want to cash them out very quickly for whatever they could get. They might panic about Satosh alerting the police and want to disappear quickly with their ill gotten gains. |
|
|
|
-long-term-trendlines -no effect Actually, I just said the line is probably the reason why nothing much is happening right now. On your drawing it has crossed the line. Nothing too exceptional for high volatile (usually, at least) assets. Something's happening, its crashed back down to $234.5 now so it must be back below the line. Bitcoin's highly volatile again today. |
|
|
|
It really does not matter who Satoshi Nakamotoa is, so long as the technology is sound.
He's the single largest hodler. Kinda matters. If he dumps he could crash the price down to single digits, that kinda matters. He's given no indication that he will ever sell, but it's always a slim possibility as long as he's holding his million coins. Further, those coins might be dumped if anyone ever figures out who he is and steals them from him. |
|
|
|
|
Someone said they were thinking of putting mining chips in mobile phones. I cannot understand how draining their batteries faster will be an improvement. I heard mining viruses often alert people to their presence by draining Android phone's batteries in less than an hour. How can mining chips in phones be profitable without excessive power drain?
|
|
|
|
aaaarrrggggghhhhhh!!!!!
Not blimmin $236 again!
This is soooo boooooring!!!!!
It's OK its gone back down to $235 again. Someone probably did a big 10 bitcoin dump and crashed the market. Its almost down to $235.5, but the dumpers will probably run out of coins before then. |
|
|
|
I tried using "thin clients" to surf the internet and the experience was horrible. It put me off the "thin client" concept for life. The thin clients I used were probably some of the first available and newer devices might actually work, but I'm skeptical about it. Lets hope their "thin client" devices work better. |
|
|
|
 What's the backstory on the image above? Who matched the names to the faces? Anyone with basic Photoshop skills could put any name they want next to any face they want. What event was that photo from? |
|
|
|
i would ask what happened to 1-2M coins, did he sold something at the 1200 peak, did he lost his keys, why he mined so many coins if it was only for testing?
He mined huge numbers of coins because nobody else was prepared to waste time and money keeping the network running by mining them. For over a year nobody cared about Bitcoin and nobody was willing to wreck their computer by running it at 100% CPU indefinitely except Satoshi. Hal Finney kept his computer mining for a long time, but eventually stopped because he was worried about the damage mining was doing to it. |
|
|
|
I'd definitely ask him why did he choose the proof of work method in the long run. As the difficulty increases, the amount of hashing power and computing power also increases, same as the power needed to provide this computers the energy that they need to solve complex mathematical equations. As the demand for power increases, the amount of heat generated also increases, and this heat is basically useless to mankind, only adding a few degrees on our planet's average temperature. There are lot of methods out there for generating bitcoins such as proof of stake and whatnot, but why the power-hungry proof of work method? Proof of stake could be worrying because if a single entity holds a great percentage of the total available supply, he could easily control the movements on the market. That is one reason I know of. But what is the deeper reason why proof of work method is chosen over the other methods?
Hal Finney invented Proof of Work for an anti spam measure in an email application. When Satoshi invented Bitcoin it was the only proof of anything concept available. Proof of Stake was invented years after Bitcoin was. Perhaps Satoshi might have chosen a different type of proof concept if more had been available when he was devising Bitcoin. |
|
|
|
I'd congratulate him for being a modern day genius. I'd ask him loads of questions probably boring the crap out of him in the process. I'd ask him if he still has the private keys to his early wallets with a shit load of coin in & finally I'd ask very nicely if he'd give me a few thousand coins seeing as though he already hodl's a bottomless pit's worth he wouldn't miss a few thousand  Certain professionals always get asked the same questions by everyone they meet. For example most double base players always get asked if they wish they play the violin when they are carrying theirs double bases around. If we knew who he was every single person Satoshi met from then on would ask him if he still has his private keys and if he will give them a few thousand coins. |
|
|
|
|
Show Posts
