Wouldn't you first investigate as to whether it was the employee or some third-party Evil h4x0r ? ~__^

Well, if he does it right, he can actually claim that it was done by a trojan

With expenses of zero, your profit is INFINIIITEEE!

Frankly, I think that FRX taking a different approach makes for more interesting experiment, but that does not necessarily mean a more viable cryptocoin.

http://ark.intel.com/products/52224

Has hyper-threading, so up to 4, but I would advise no more than 3 unless it is a dedicated TBX mining station.

Not impossible, and way worth it due to sheer image bonus. The Darkside Transaction Mixer...mmmmmm... tastes like candy.

I am currently standing by for some expert feedback, then, should it turn out to be in the "can be done with crypto already used in x-coins" range, I will publish a very general raw description for people to poke holes in. After that, I will need some code power

BTW, the laundry will be opensource, so people who so desire will be able to roll a BTC one (though of course, they won't have a huge-arse buffer to guarantee "history unbinding")

Well, did Satoshi intend to launch a huge transaction-mixer ?

Also, he didn't give it to himself upfront but got it nonetheless - not that anyone should give a fuck because unless he's batshit loco, he has a vested interest in not crashing BTC market.


Dear sweet Cthulhu in the sea, we have a whole thread about how does TBX behave on GPUs in the alt. forum.
Please discuss it here: https://bitcointalk.org/index.php?topic=45849.0

I am a graphic designer, not a cop or a judge, so I cannot assess the legality of activities of my future service's users, especially relative to laws of jurisdictions I have never been to, and never will.

I do however think that the unique position of launching a "neo-coin" grants one the ability to procure a huge mass of coins and forever lock them in a huge "relatively clean coin buffer" for just such a service, and operate said service in a manner that nominally, that mass of coins remains out of market proper forever.
Such set-up would allow the "laundry" to guarantee the client that they will never receive "their own" coins from the service, that the coins they get will always have a history completely unbound from their preceding activities.

I believe opportunity for creation of such a service to be unique and far more worthy than "premining a reasonabl-ish amount and/or leveraging first-adopter privilege, then cashing out"

P.S.:
Also, good sir, I can handle being accused of various unwholesome things - my hide is thick, but by insinuating that I am "normal people", you have insulted me greatly.

No.

I intend to start a huge abstract-quasi-value-token "laundry" (aka Geist and Brix Transaction History Exchange Society) , which would be quite unprecedented at this scale. I would also like to implement it in a fairly innovative manner, but that I can't say much about yet (Unlike certain someone, I only make claims I know for certain to be at least theoretically possible)

Why not the dark side of the moon ? Methinks that getting comm signals there is not impossible ,and it's so much more stylish ^__^

I'll keep visible side of the moon for ads.

Maybe I should put "we put a miner in your miner so you can mine while you mine" somewhere on the site ?


The thing with x-flation arguments in bitcoin/altcoins is that what (would eventually happen) to BTC isn't real deflation, and isn't even "monetary" deflation in the way it usually happened in history.

Also, classical economic arguments simply cannot apply because bit-coinomy (and x-coinomy) isn't a proper "autonomous" State economy, but is a kind of thing that dwells inside State economies and "in places between them".

BTW, since the amount of criticism I receive for removing the upper coin generation limits is about twice the amount I receive for premine (I just on principle no longer read PMs and emails that have words inflation/deflation in them because quite frankly I feel like I'm trying to generate proof of work based on re-iteration of same arguments), I am thinking of tweaking TBX and GEG in a manner that it will have an additional "pseudo-deflationary" factor without cutting miner subsidies (principles are principles)

P.S.:
Also, monopolization (or at least, stronger oligopolization) of supply is virtually guaranteed to lead to increase in per-coin price irrespective of whether there is an upper "production ceiling" or not

Guys, could someone repost that ^^^ to some 1337 h4x0r forum ?

No, you're somewhat thinking on a price-abstracted level, that's the "pwoblem"

Let's see... Imagine a Tenebrix specialized mining device that costs Y dollars (just making custom gadgetry, not to consider the R&D costs) and outperforms, let's say, an i7-based rig by a factor of 100.

However, an i7 rig costs 0.0001Y. Thus, ceteris paribus, the dude with Specialized Mining Device would be inferior since his box is so damn expensive.

CPUs are cheap due to economies of scales involved in their production, which imposes a  combination of maximum price / minimum Performance Increase Factor any other device must have to compete.

So far, there is only family of semi-specialized gadgetry that might have the "right" combination of price and performance  that hypothetically might make them a bit better at TBX that CPUs are APUs which are basically "angry CPUs on horse  GPU steroids".

Also, you may accuse me of any number of things, but "miner hostility is not one of them"  - if anything, you can run TBX on the CPU of your GPU-mining rig at idle priority, thus mining both TBX and any GPU-coin at the same time. TBX literally puts a miner in your miner so you can mine while you mine.



See above

Also, consider this - CPUs GPUs and FPGAs all have uses outside mining TBX so should you quit mining, you can sell them.

Dedicated custom-designed TBX cruncher will be almost useless at anything else, making economic prospects of dedicated TBX mining devices even more unsound.


I think you confuse problem of monopolization of coin supply (and bitcoin supply is already oligopolistic, with about 5-7 pools running all the show) and the issue of (not really sorta-kinda) deflation which is another can of worms.


The appeal of TBX is that you are likely to be able to get quite some by using the spare cycles your mining rig is just wasting while you mine other coins, your employer's equipment which is far more likely to be CPU-dominated and not GPU-dominated, and your PS-3 which might be somewhere around a high-end Phenom CPU in terms of Tenebrix prowess.

And yes, TBX adoption is intended to be sperad-out among a greater number of smaller, CPU-loving devices, and not relatively rare and expensive GPU-centric machines or some lab-borne exotica.

Fortunately, current state of affair is that the majority of specialized TBX equipment would be economically unsound.

The current leading theory appears to be "EC strike" by an unknown hacker.

Okay, okay, files will be renamed in next release, I pwomis !



Now, with all due respect, this is just FUD / slightly dramatic advertising (whichever you like more, though something can be both ~__^)

There is currently no jurisdiction that would recognize x-coins and/or WoW gold and/or exotic postage stamps as valid money, and there is not a single case where an operator of a "ephemeral un-backed token transaction mixing system" was convicted (FFS, bitcoinlaundry is run by an American in the open, IIRC, so what?)

So calling it a "laundry" is the same as calling bicoins "money" - a fairly inaccurate oversimplification done to ease communication.
 

Let's rename fairbrix into Hax since a hacker now controls the biggest stash (and possibly still has quite a share in net performance)

BTW, that would give the rebranded fairbrix a ready-made mascot

Well, should the need arise, TBX could make a PoW "update" + "anti-blockspam" at nHeight > x, right ?

Also, I'd feel bad about throwing out PS 3 hobbyists completely (I'd be quite content with making dedicated PS3 farms comparatively uncompetitive while leaving opportunistic gamers in)

It should be pointed out that there is nothing impossible in doing  mining through a browser app, irrespective of whether that is cpu or gpu mining, and that browser-mining does not itself make scrypt GPU-friendly

(but it does bring up an interesting question as to possibility for mining-enabled "rich content" banners that bring you both ad-money and coinsez)

as to TBX memhardness, this is relevant https://bitcointalk.org/index.php?topic=45849.0

While I don't care much either way (all them fricks my lappie mined are gone in both cases) the situation of "explicit malicious agent has about 30 000" and situation of  "a dude who does alt-chains for fun and a slightly pie-esque laundry project has about 7 mils" is different in more ways than just the numbers.