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I have an order which is not payed yet, I placed it the 5th of July, am I still safe to pay it and hold my place in the queue ( I was waiting for SEPA payment method) or I already lost my place or the hole order ?
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I don't want to be negative, but like in previous posts already mentioned, I think there is something wrong with the business plans.
I'm very interested in ordering in case the company is legit, and the devices exist. a bit like mentioned before:
- There is no name, address, phone number, VAT number, registration number of the site, it is just an anonymous site without contact info
- the payment solutions are not very transparant , or via bitcoin (anonymous) or via local bank but no SEPA accepted?
- there are no clear delivery dates
- there are no terms and conditions on the site
- there is no working model shown in picture, youtube, ... do you have a working sample?
- whats the price if the august delivery will be delivered half sept? Will you refund a 25Gh starterkit with 250€ then?
- nowhere there is a legit kind of info about this company, we don't even know the company's name.
- are you really capable creating an official invoice document? So I can pay 1000€ via Sepa, you charge me 0% VAT because I have a registered EU VAT number. If so, can you make your VAT number public? I looks more that you guys do not understand tax regulations and the obligation to publish your company info and sales ant terms on the website.
This is not normal in my opinion.
- what happens If I place an order, pay 15000€ + VAT and a week later the site shuts down...? then me and a lot of other people lost their money (or BTC)
- what about EU sales regilations? Right to cancel order within 2 weeks of sale, or when goods are not delivered?
- a faq with complete business and address info would be welcome
If I see this I could start a scam, just develop a site, and I call it Bitpower Extreme, i publish some printboard designs and I start to sell preorders of 30Gh machines for €995, you can only pay in BTC PS. I leave no address or info of myself. I'll close my website end of the month, thats the plan. You must be crazy to place pre-orders with me, no?
I hope that there will be some clarifications very soon!
+1 I totaly agree , I was looking at the web site, I searched for any legit infos or at least a prove of a working prototype before paying any order, and I even asked in a previous post about that, but the OP seems to ignore my question!! this leaves a big question mark, I mean if BFL and AVALON legit company's and customers are having refund problems because of their shitty schedule of shipping what we will say about this one ? |
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I would like to order few for me and my friends so Care to put a video of a working prototype, and how serious you are about your delivery time? because the last thing we need is a random estimations that wont make you any different from BFL and AVALON, we need solid plans for delivery.
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Well I agree with you to a certain point, but when you claim that investors are "stupid" I'm not claiming that investors are 'stupid', I am claiming that the free market doesn't mandate that people act stupid simply because they are free to do so. you are somehow saving them with your statements or what so ever What? Where the hell did I say that? The investors in LTC are damaging BTC, that is just a fact. Whether they are damaging themselves financially is yet to be seen. I'm not trying to 'save' anyone, I'm trying to do everything I can to help BTC in any way I can, and if pointing out the obvious without beating around the bush is what I think is the best way of doing my small part to eliminate the #1 threat to cryptocurrencies, then damn right I am going to say it no matter how many people get pissed off because I'm not saying it in a polite enough manner for them. at least you could provide a solid prove of why you think that Nobody can provide proof of the future, that is crazy. However there is a nice thing called 'logic.' And that is, that the 2 main reasons cryptocurrencies aren't used more is (1) a lack of businesses accepting cryptocurrencies and (2) a lack of a stable exchange rate. The introduction of alt-coins provides no real advantage other than some obscure advantage that doesn't serve to fix either of these humongous problems, and furthermore it forces cryptocurrencies to spread themselves thinner among more currencies or pick-and-choose among currencies, thus reducing the acceptance of any given currency, while also creating pseudo-inflation further destabilizing the exchange rate. The lack of a standard cryptocurrency is thus the #1 most likely reason why cryptocurrencies as a whole would fail, period. Every single new currency introduced and supported just makes it that much more likely that cryptocurrencies will die. That much should be damn obvious. And yes, Bitcoin is the first one and thus Bitcoin is the closest thing there is a standard. Thats a fact. Listen I honestly don't care if some idiots get scammed into buying some useless and pointless coin. Hell, I'm the one that played HYIPs for over a year. But I do get mad when people undermine what is potentially the largest financial revolution I am likely to witness in my lifetime, even if those people do manage to make a couple of bucks by flipping their whatever-coin. well I get your worries there, But if Bitcoin dies it wont die because of LTC, the fact that you maybe do not know is that Bitcoin is having some major issues now (block size, minimum transaction...) and Developers are struggling to fix it with the least damage, in this case we need an alt to be there when bitcoin get more widely used to get off some of the load from the block chain, or just standing by in any case of what ever. I just do not see how when bitcoin in the near future hits 1000 or 10,000$ will be a good payment method for small amounts of money, as baying coffee or a meal or paying for a train ticket... if all existing users and new users decides to start using it for such transactions 0.001 BTC or 0.0001 BTC we will be spamming the block chain, I would like to save my Bitcoins for something bigger or for a sort of savings. and use LTC for this kind of transactions, even if LTC hits 50$ it will be still useful for this. there is plenty of points you are missing here, a fact that LTC is so big now that you can't ignore it anymore, the network hash rate is @28,-- GH/s the equivalent of what bitcoin network were 6-8 months ago, it's daily trading of around $1 million, with amazing developers and most importantly is gaining attention all around, services are adopting it and users as me are supporting it. this doesn't change a bit of what I think of my Bitcoins or the way I use them. |
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Litecoin´s Horoscope for week of July 4, 2013 Summing up his experiment in living at Walden Pond, naturalist Henry David Thoreau said this: "I learned that if one advances confidently in the direction of his dreams, and endeavors to live the life he has imagined, he will meet with a success unexpected in common hours. He will pass an invisible boundary; new, universal, and more liberal laws will begin to establish themselves around and within him; or the old laws will be expanded, and interpreted in his favor in a more liberal sense, and he will live with the license of a higher order of beings." Given the astrological factors that will be impacting your life in the next 12 months, Litecoin, you might consider adopting this philosophy as your own. Litecoin´s Mounthly Horoscope For July 2013A triumphant success on the 22nd will seem like luck but in fact it'll be all your doing. well we will see what this month will bring us  |
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Apple had a better operating system than Microsoft, but Windows took 90% of the market.
Betamax was better than VCR, but Betamax wasn't widely adopted.
Bitcoin is the brand name in the space. The coins have no intrinsic value except market acceptance. So being in the leader position is huge. Most of the ecosystem is being built for bitcoin, not the alt currencies.
Perhaps LTC stands a chance of being a complementary currency.
And do you know the reason WHY ms-dos/windows took more market share than mac? They didnt try to take the hardware as well, and thus had THIRD PARTIES selling their OS for them. Do you know how I learned about bitcoin? Not by meeting a bitcoin miner, not by visiting btc-e and checking the exchange rate, but by needing an alternative to libertyreserve, visiting a Third Party merchant website, and seeing that they gave a discount if you bought with bitcoins. All the alt coins are crap because they arent the standard. As if it isnt hard enough to start a fucking currency with no government or traditional financial support people have to go around bickering over whether to use scrypt or sha. Really? Its practically the same, just take the first one so cryptocurrency critics cant turn around when litecoin or whatever coin and say "itll die out just like bitcoin" and work together for once in our fucking lives and make something actually happen. Dont bitch and try to be hipsters among a group of hipsters and use an alt coin just for the sake of being a hipster. If ANYTHING can kill cryptocurrencies as a concept, its the introduction of too many of them. Plz stop it already and try to aid the one cryptocurrency that has the greatest chance od success because its actually, you know, USED. how many Bitcoins do you have? it is funny when I see Bitcoiners bitching about LTC, just because you do not own them this doesn't mean they are likely a scam or they will die, let the market decides, the same as it did with Bitcoin. and yes If i see any coin that brings some innovation I will support it. at least I have choices. Bitcoiners are becoming communist, with this ideology of one thing and nothing else, it was the same in my country, if you wanted to buy a car you had only one model, buy it or shut up because other brands were evil, we had only one thing of everything and now you are pushing this ideology over which will lead to killing all coins. let people chose what to use. I own 32 bitcoins if you must know. I fail to see how this is at all relevant. I don't have anything against a free market, I'm all for a free market, yet in a free market I am allowed to tell the truth, nor does a free market mandate being stupid. Moreover, at the present the market isn't free, and the way people are using alt coins, it won't ever be free, because of all the alt coins undermining the standard that is Bitcoin. There is a difference between supporting a large company or brand over competition vs. supporting the established open-source protocol vs. other similar protocols. An open-source protocol doesn't go around abusing a monopoly. All these 'innovations' in the alt coins are just an alternate way of fixing the same problem, which would be fine and dandy, if those alternate coins were the standard. But they aren't. So by using them you undermine the standard and force a system where there isn't a standard at all and Cryptos die to the pseudo-inflation ridiculous amounts of coin types. But yes, this is a free market. You're perfect free to support alt coins. Last time I checked a free market doesn't mandate acting stupid simply because you have the freedom to do so. Well I agree with you to a certain point, but when you claim that investors are "stupid" and you are somehow saving them with your statements or what so ever, is just wrong! at least you could provide a solid prove of why you think that, and I do not expect the famous answer of " because we have Bitcoins" or " Bitcoin was here first", well Mercedes was there first but I love BMW cars, they do the same thing in different ways and they both have strong fans and large market, and we have million examples, linux, windows, mac... pepsi, coca cola... DELL, HP....USD,EURO..... - I also agree that there are so much scam-coins, bad copys of BTC and LTC that doesn't bring anything except having a big fat wallet and taking advantage of the people who thinks that they will get rich over night, but hey I am not angry at the creators, I just feel sorry for these people mining and buying these coins, but at the end of the day my logic tells me that they deserve it. no real investor would just threw his money before knowing the thing that he is getting involved with, I gues you didn't just hear of bitcoin and the next minute you decided that you will be investing without knowing exactly what it is, at least I know that I was researching for about 2 weeks before investing a single dollar. |
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Apple had a better operating system than Microsoft, but Windows took 90% of the market.
Betamax was better than VCR, but Betamax wasn't widely adopted.
Bitcoin is the brand name in the space. The coins have no intrinsic value except market acceptance. So being in the leader position is huge. Most of the ecosystem is being built for bitcoin, not the alt currencies.
Perhaps LTC stands a chance of being a complementary currency.
And do you know the reason WHY ms-dos/windows took more market share than mac? They didnt try to take the hardware as well, and thus had THIRD PARTIES selling their OS for them. Do you know how I learned about bitcoin? Not by meeting a bitcoin miner, not by visiting btc-e and checking the exchange rate, but by needing an alternative to libertyreserve, visiting a Third Party merchant website, and seeing that they gave a discount if you bought with bitcoins. All the alt coins are crap because they arent the standard. As if it isnt hard enough to start a fucking currency with no government or traditional financial support people have to go around bickering over whether to use scrypt or sha. Really? Its practically the same, just take the first one so cryptocurrency critics cant turn around when litecoin or whatever coin and say "itll die out just like bitcoin" and work together for once in our fucking lives and make something actually happen. Dont bitch and try to be hipsters among a group of hipsters and use an alt coin just for the sake of being a hipster. If ANYTHING can kill cryptocurrencies as a concept, its the introduction of too many of them. Plz stop it already and try to aid the one cryptocurrency that has the greatest chance od success because its actually, you know, USED. how many Bitcoins do you have? it is funny when I see Bitcoiners bitching about LTC, just because you do not own them this doesn't mean they are likely a scam or they will die, let the market decides, the same as it did with Bitcoin. and yes If i see any coin that brings some innovation I will support it. at least I have choices. Bitcoiners are becoming communist, with this ideology of one thing and nothing else, it was the same in my country, if you wanted to buy a car you had only one model, buy it or shut up because other brands were evil, we had only one thing of everything and now you are pushing this ideology over which will lead to killing all coins. let people chose what to use. |
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I am really happy that you are doing such a work, I hope that your team get stronger and bigger, keep up the good work. I do not have a big LTC stake but I will constantly donate with what I can give. and I encourage people to do too.
if there is any other way to help just let us know.
thank you.
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BFL and Avalon would be selling Scrypt ASICs. Avalon shipping in 1 3 months and BFL in 1 3 years.
 i see what you did there |
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well SHA256 is integrated into scrypt as well. So beside SHA256 it uses the intensity of memory . correct it me if I am wrong ? so additionally it is safer maybe harder to break. this is only my understanding I am not an expert, correct it me if I am wrong.
http://www.tarsnap.com/scrypt/scrypt.pdfEducate yourself. The question isn't even whether scrypt is more secure but whether SHA256 is secure enough. If it is then scrypt is just a waste of computational resources in the pursuit of "fairness". I love the fact that you are all internet engineers, and all knows so much about everything. I did read that sheet, and I do not think that I have to read it again at this moment, but I would like to educate my self more, in fact I really would like you to explain how scrypt is a waste of computational resources, can you dig deeper into this, because my knowledge is limited and you seem to know allot about this subject, can you take 10 mins to explain it in a way that a dummy like me would understand ? |
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just for your information, do some research about SHA256 and Scrypt, Scrypt is indeed more complicated and secure than SHA256, maybe it is not widely used as SHA256 because it is newer, but I have to say that SHA256 will be outdated soon and maybe scrypt will be the lead for few years till a newer technology appears and takes over, do not be ignorant and emotional about it. this is how tech works.
even if somehow we decide to implement a new encryption or any other improvement there will be always people against it which will lead to two forks, this is the disadvantage of decentralization, look at issues developers are having to convince miners about the block size, minimum transaction, in fact devs cant agree with each-other , I am only afraid about this killing Bitcoin.
in fact if Bitcoin dies no ALT will survive, everything with vanish with it.
I believe that LTC and NMC will take a spot behind BTC, but other crap coins will die soon, history have proved that, just worry about bitcoin because no ALT will make it without BTC.
Congratulations, you don't know how Bitcoin and its clones works I am no expert in the field, but you seem to know allot about it, lighten me please ... |
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well SHA256 is integrated into scrypt as well. So beside SHA256 it uses the intensity of memory . correct it me if I am wrong ? so additionally it is safer maybe harder to break. this is only my understanding I am not an expert, correct it me if I am wrong.
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just for your information, do some research about SHA256 and Scrypt, Scrypt is indeed more complicated and secure than SHA256, maybe it is not widely used as SHA256 because it is newer, but I have to say that SHA256 will be outdated soon and maybe scrypt will be the lead for few years till a newer technology appears and takes over, do not be ignorant and emotional about it. this is how tech works.
even if somehow we decide to implement a new encryption or any other improvement there will be always people against it which will lead to two forks, this is the disadvantage of decentralization, look at issues developers are having to convince miners about the block size, minimum transaction, in fact devs cant agree with each-other , I am only afraid about this killing Bitcoin.
in fact if Bitcoin dies no ALT will survive, everything with vanish with it.
I believe that LTC and NMC will take a spot behind BTC, but other crap coins will die soon, history have proved that, just worry about bitcoin because no ALT will make it without BTC.
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OK guys we have to use a common sense, any technology that is good today could be outdated in few years, SHA256 is widely used for few years now, but this doesn't mean that it will be good forever, did you really think if Bitcoin still existed that we would use this technology till lets say 2050? ?
if Bitcoin will still exist and don't give me the Bitcoin will survive forever shit, all what it would take is a better idea the same as Bitcoin was to kill it, so if Bitcoin still exists and SHA256 would be outdated and a threat for its survival than developers could just discuss the implementation of a new encryption with a hard fork.
the only problem is that BTC is decentralized and making such a decision will be hard because there will be always people against it, just take the block size issue, minimum transactions...
I am afraid that Cryptos will die only because of people cant agree about the strategy and the goal of what the Coin has to do .
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to what ? scrypt ? LTC already use that tech If for some reason that's what needed, sure, why not? I don't think the Sha256 ASICs can be modified for Scrypt. They hold enough hashing power to ensure SHA 256 remains. Scrypt would be a hard fork which the ASIC users wont adopt. Most users will protect their investment at any cost. That's the point. If the proof of work algorithm were to change, the SHA256 ASICs wouldn't hold any power. This would be a hard fork, probably with temporarily two competing blockchain version. But if the Bitcoin's survival depend on it, everyone with a vested interest will just switch to another proof of work algorithm (Even if some miners don't like it.) Furthermore, we would have a bunch of Litecoin miners that would gladly use their processing power to mine bitcoins. Marvellous, isn't it? If by marvelous you mean blocks that take 100 times longer to complete until difficulty adjusts back to GPU level . . . Which would take maybe 6 years, if we hit 2 Ph/s in in the next few months, which I bet we do. Also, in a competition, how would GPU's ever out compete ASICS? Do you guys even know how Bitcoin works?  Ok, imagine that everyone is using gold as money. There is a great overlord who owns most of the gold mines on earth. Most think his power is almost absolute. Now everyone, for whatever reason, decide to switch to using silver instead of gold. All the gold currently in the people's hands immediately turns into silver, but not what's still underground. All those able to mine silver are quite happy to mine for something that is so valuable. What is the power of the gold overlord? Nothing. He had power only as long as people were using gold. Back to Bitcoin. What is the power of SHA256 ASICs if the proof of work changes? Zit, nada, nothing! They can't prevent a change in the proof of work. In a hard fork, that's really not a problem to adjust the difficulty level to account for the now missing ASICs. You seem to think that Bitcoin is now as it will always be. Bitcoin has changed and will continue to do so in order to improve itself. If a 2 min per block time is really needed, then Bitcoin can be changed for that. Most of the alt-coins advocates don't seem to realize that for everyone invested in Bitcoin, it's in their own interest to improve it if needed. Bitcoin could even end up as an identical copy of Litecoin if that was needed. What would the advantage versus just moving to Litecoin? Every bitcoiner could keep his "wealth" already in the blockchain. Merchants can keep using the same software. And every blockchain uses are still valid (such as proof of existence). OK now you don't make any sense, but I have no energy to discuss this any further, we will see how things will turn out .  |
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I also remember how I used the Internet Protocol. Damn this thing is old. Good thing we got rid of it and...
But the first mass computer networks and protocols were older than the Internet. For example, FidoNet ( http://en.wikipedia.org/wiki/FidoNet). What if Bitcoin is a FidoNet of cryptocurrencies? Who knows. Time will tell. Sure, and before Ethernet there was other competing network communication architectures, such as token passing. What you're saying is true, but doesn't help Litecoin in any way: it's basically the same thing! It's like saying "The internal combustion engine won't be here forever... you should drop your Nissan and take a Ford instead!" yes this is true, you drive your car until it is time to change , and the owner of a Nissan cant just say we have Nissan why to use ford |
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I respect your point of view, (...) is only ignorant. (...) is also ignorant,(...) is just wrong.
(...)
you know what you sound the same as my boss, he fears change, each time we want to change or upgrade a server or software he gives us the what this can do that what we have cant do . but he gives up at the end.
 In fact do you really think that BTC will be the leader for the next lets say 20 years ? with its technology (SHA256) , have you ever thought about it, in some point SHA256 will be old as my MMX processor or your Pentium 1, just to remind you I still remember using my Pentium 1 and my windows 3.11 like it was yesterday.
I also remember how I used the Internet Protocol. Damn this thing is old. Good thing we got rid of it and... Oh, wait... You know there's nothing preventing us from changing the proof of work, right? to what ? scrypt ? LTC already use that tech and yes I do respect your point. in fact when i say you are ignorant, this means that there is some facts you should consider but most likely you are ignoring for some reason. PS: I loved my MMX it was a top that time same as BTC now Edit : about internet, if you were an IT engineer you should know that the internet was first used in US army I think around 195x it never used the "todays protocol", and there was a massive improvments all the time , (check the 195x because i am not sure about it but it should be close) |
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The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.
But this problem is not solved yet. And right now we are not hitting the hard limit. When/if we hit it, it will influence the transaction fees. They will have to go up quite a bit for the "off chain transactions" to be interesting. And maybe they will solve it by promoting LTC for small transactions.
Or Feathercoin, or Blightcoin, or any other coin. This is assuming that nothing more elegant than another blockchain can be used for the "off chain transactions" scheme. Right now small BTC transactions are limited by amount, because of this problem.
No. That's not even related. The minimum limit is to -temporarily- protect the blockchain from being bloated with unspendable transactions while the developers are working towards a more market-driven solution. And because Litecoin is a copy of Bitcoin... how are these same problems dealt with? I respect your point of view, but I think you can hear what I will say here, Bitcoin is the First, biggest and the most secure and successful Crypto, and may be this will be for a long time, but thinking that it will be the only Crypto and payment system is only ignorant. and pretending that some cryptos doesn't bring any innovation is also ignorant,we all know that almost all cryptos are copied of the source of BTC with some editing, sometimes is just the name, but trying to convince people and your self that LTC is nothing special is just wrong. In fact do you really think that BTC will be the leader for the next lets say 20 years ? with its technology (SHA256) , have you ever thought about it, in some point SHA256 will be old as my MMX processor or your Pentium 1, just to remind you I still remember using my Pentium 1 and my windows 3.11 like it was yesterday. BTC is just the opening of a new technology, culture, a free world, it is like the first car ever made or the first plane ever made, we have choices, it is all about choices. what do you think it is better for you? if I am buying a car and decided for a brand X lets say Mercedes, this doesn't mean BMW is worthless, they do the same job but they deffer in some specification which leaded me to make my decision. LTC do the same thing that BTC does, the fast transactions and the encryption make it referent, whether you like it or not, LTC is here to survive and to be used widely the same as BTC . and one day all this coins (and add to them all the crap coins) will be gone and replaced with something better, and you will be stuck with holding your BTC. you know what you sound the same as my boss, he fears change, each time we want to change or upgrade a server or software he gives us the what this can do that what we have cant do . but he gives up at the end. |
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Gox is down here, is it working for you guys ?
502 Bad Gateway here i am trying now for more than 5 minutes i cant get to the page |
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Gox is down here, is it working for you guys ?
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