8/18/2013
I am saddened to announce that my stamps.com account has been shut down by my service provider at the behest of law enforcement. Unfortunately given the anonymous nature of this currency it is all but impossible to prevent criminals from tainting all that it touches. I would like to thank all my courageous customers who sought to make bitcoin a legitimate enterprise and wish them well in their endeavors.
How did they know you were exchanging stamps for bitcoins? I would tell them to look toward FinCen, which deems it legal. Sounds like more to this story then exchanging packaging labels for bitcoins. Here's a quick scenario: Customer receives packaging from his account, pays him with BTC. His portion of the transaction has ended. However, the consumer utilizes that label in any fashion he desires - perhaps shipping something illegal. LEOs get involved, decide to go that extra mile to make sure our economy keeps thriving, and now we've got a formerly productive (to some extent? Who knows to what degree, at least trying) business out of order and someone unrelated out of sorts for essentially a removed action from the service. They would go after -his- Stamps.com account. This is just the scenario that popped into my mind when I read his closing statements. I have no idea what happened. |
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8/18/2013
I am saddened to announce that my stamps.com account has been shut down by my service provider at the behest of law enforcement. Unfortunately given the anonymous nature of this currency it is all but impossible to prevent criminals from tainting all that it touches. I would like to thank all my courageous customers who sought to make bitcoin a legitimate enterprise and wish them well in their endeavors.
I sure do detest the way of things of late... |
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What "unauthorized" exchanges are being shutdown?
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Very nice! I like it.
I was trying to contact Tip Top months ago here for, actually, the same purpose. But we didn't get to talking well enough.
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Congratulations! Now get more coin  . |
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Using Bitvise SSH. Set up server on primary computer, can connect with the client computer, but even though I put the correct username in it asks for a password (there was none to start), so I tried making one, still rejects the connection.
So I made a new Windows account and set it up with specific login and password like and other Windows "user" account, and tried that - bingo. Why can't I log into my primary account? The secondary user accoutns odn't seem to be capable of accessing the drivers and other things my server needs to mine. So I can't remotely control GPU, just CPU. Any thoughts on this? I tried giving admin priv to the new account and that doesn't change the driver issue. I can access files it seems (if I recall correctly), but that's it.
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What's wrong with the P2Pool? Stats page seems dead?
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There are another problems with the pool???  Seems to be doing alright at the moment. I'm guessing it was down for a while and that's why the difficulty dropped to 130, but it's back up to 245 and paying out (for me) now. I can never stay connected for more than 30 seconds or 60 seconds before I get connection problems.. it is weird. |
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So say the next block provides 25 BTC, say I was the only one to send a transaction that block and added a .005 btc miner fee, that would be included in the reward for that block. The actual payout would be the default 25 BTC + any transaction fees (in this case, payout would be 25.005 to a pool or anyone who found the block). In the future, transaction fees should be fairly lucrative, as more people begin to utilize BTC, by the time the block reward is zero, transaction fees should be incentive to secure the network.
,,,,,, what happens when the total number of 21 million bitcoins is produced? will the cost / coin become $1000/ coin? i see pictures of bitcoins, is that the actual money, or is the money cataloged on the web, and all transaction are electronic? thanks for your help,,,im new [/quote] Well, I didn't address that because no one can know such a thing. That will depend on the market. The concept is, fundamentally, that there will be minted less and less each halving while the demand increases over time. Long term, the price should increase. However, BTC is divisible to a Satoshi, or eight decimal points. .00000001 is a Satoshi, the lowest possible denomination of BTC. If the price was ever hyper high we could utilize smaller decimal positions. It is a flexible currency. |
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Thanks! I will definitely do some research but i am overwhelmed by all the stuff out there. Do you mind telling me why you prefer BTCT over Bitfunder? I just want to understand whether BitFunder is a legit platform and if there is recourse if dividends don't pay out as promised
I do not personally use it (I prefer btct.co), however it appears to be legit as far as a platform from what I understand. Many utilize it. But recourse? My best advice is to only invest what you can afford to lose - there likely is no recourse for such a scenario. I take it back, the best advice is to research what you are investing into. I shouldn't really say I prefer it, don't take it in that sense - I haven't utilized BitFunder at all. But the reason I use BTCT is because of who runs it (burnside, who has credibility with me from running LTCGlobal and ltc.kattare pool). I used to mine quite a bit on the pool, never had any issues. My observations here add to this conclusion. That's enough for me to use my coin there. |
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I'm not getting any payouts from the p2pool. It's been several hours since the last one: Status: 884 confirmations
Date: 8/10/2013 19:16
Source: Generated
Credit: 556.82449766 ZET
Net amount: +556.82449766 ZET
Transaction ID: 132e01022898e8bd7b1f4343d4b48adaf5a01358a8e95600bc8bee752eca3b13 19:16 CST is the last time I got my payout. I just received a few payouts before miner socket failed during mining. |
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OP - you should study more about the depression. Some things to look in to - 15 years earlier, the establishment of the Federal Reserve, bubbles popping.. You may find that the reason our economy suffers from constant boom and bust is, perhaps, because of an entity doing market work. Forcing markets into certain conditions only lasts for so long. Eventually the market will correct. And it did. And has many times, but it is difficult for the market to function in non free market conditions.
Yes, I agree, Bitcoin's deflationary standard will appear much more in line with logic once you observe the massive failure of many fiat paper standards in the coming years.
I've been a quality engineer in statistical process control [SPC] ( https://www.moresteam.com/toolbox/statistical-process-control-spc.cfm ) who specialized in system which fluctuates so indeed I was fascinated by this "constant boom and bust" as you name So I agree from that viewpoint the process quality of our economy is very bad : the statistical variance doesn't follow Norma Law probably because it is so tight to stock market. Indeed switching constantly between inflation and deflation is just BAD QUALITY process but this switch benefits the few rich not the mass. Pretending that deflation is good because it would clean the bad entrepreneurs is to forget the massive amount of innocent people who will also suffer. Currently the super rich elites after ripping off the economy through stock market (which serves to pump people's retirement fund like a sponge) for at least 50 years would now look for deflation so that they can keep the value of the money they have accumulated and buy at lowest all people's home who will lose all. The problem is to stop this constant fluctuation that is to say stabilize the process (reduce the statistical variance) not about creating deflation with Gold or Bitcoin. Gold and Bitcoin for me are just participating into this End Game claiming they're the good and the other the evil whereas they are the 2 faces of the same coin. So who will ever have the idea to create a real fair game ? Virtual Currency is a mean which could but for now I can't see Bitcoin can because there's no real goal to do so. I don't see how you draw that conclusion. Bitcoin is deflationary and in the sense that it temporarily mints it could be construed as "inflationary" during that time(?), yes, but that expires in short order relatively. In time there will be no more minted coins, in fact, long before that, the amount of minted coins will be irrelevant for the most part. In other words, the supply is fixed. There will be no "inflation" in Bitcoin. The most inflation you will ever experience has always passed, and the second most is 25% through passing, essentially. Last year I could buy 4-5 loaves of bread with a BTC. One year later, I could buy up to 50, depending. I watch year after year as my fiat buys less and less and I am powerless to stop that. Artificially boosting circulating monetary units is of no value to my family. I will stick with the deflationary option that isn't history's most impressive ponzi that has yet to collapse. |
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Why not as a bumper sticker?
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Lowering of frequency with auto avalon is a result of it trying to maintain a certain temperature as well, yes?
What would be the conclusion if a particular machine hashes at over 80, but slowly declines to the mid 70s lowering frequency? Lack of adequate cooling?
FYI: Aside: The GH/s reported by the avalon code is not the device hash rate, it is the 1diff share find rate. Thus it will also change with luck. But the pool shows sustained lowering of submitted shares, the device seems to agree, and the MHashes are lowering. You are saying that even if it said hashing 3ghash, that's not the "actual hash rate"? Where can I find accurate data on the machine then? Or maybe I misunderstood your reply. |
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In the p2Pool, I can only get socket errors.
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A patch is going to be deployed to US Stratum servers in the next hour. The bitcoind version used on the new servers apparently has a bug that is causing it to lock up randomly, which is why a few users had problems this morning, and some other users had problems a few days ago. I'm rolling back to a known stable version. Hopefully this process can happen without any disconnects/performance impacts.
Luckily this lockup has not happened frequently, and the pools/DNS generally do a good job at getting users moved to a still working server when it happens.
UPDATE: The bitcoind replacement has happened, and it appears that no server disconnected users/stopped responding during the process!
Strange, because I was still disconnected again on one machine later on. Fortunately I had a failover pool so no issue to be had (aside from PPLNS fail :-P). Maybe it happened again prior. |
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It seemed as if people were mining on this earlier! I jumped on, and somehow I guess I am still finding blocks at ... 4khash. I'm the only one left. |
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Why dont you take a cash loan from a bank, and start accepting bitcoin?
I imagine the goal would be, as mine often is, to do the most business possible with BTC. Sometimes the banksters, also, are not a viable source of financing depending on circumstance. |
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What is it that you couldn't have done without us? That part of the post confused me a bit.
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