which is an anonymous currency that's used to trade in illicit goods. Of course, far more illicit goods dealers prefer dollar bills. But, as a percentage of total transactions using each currency, Bitcoin illicit goods trading takes the cake.
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Just switch your client to report values in mBTC. Done. Hey I am selling this steam game for 2,000 mBTC. Anyone want it?
To change the value of Bitcoin would require increasing the supply (i.e. turn every BTC into 10 BTC). That is simply never going to happen. Not today, not next year, not ever. While in theory it "could" happen (any change could be made to Bitcoin with enough of a consensus) you will never find the consensus necessary.
Eh, I'll have to disagree with you on this one. Transactions are done in Satoshi's (or whatever you want to call them). When I send a single Bitcoin to another person, I am sending 100,000,000 Satoshi's behind the scenes. A single Bitcoin is only a single Bitcoin because everyone agrees that's what 100,000,000 Satoshi's are called. If people agreed to 100,000 Satoshi's being called a Bitcoin instead, then the clients could be changed to show balances in the new denomination, and everything goes on as normal. There's no change necessary to the protocol itself, and no need to make 1 Bitcoin = 10 Bitcoins - it's all about how it is displayed to the end user.
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What bugs me is the Hash power that they are introducing. 3 gh/s & 40 GH/s (no problem) but why is the next step a 1TH/s. Shouldn't or wouldn't make sense to come out with like an upgradable 250GH/s unit?
You would think they would start a little smaller (250GH/s upgradeable) and sell a bunch of those then move up in size a little bit (Just like with the rest of the computer industry)Then maybe two-three years down the road move up to the 1TH/s. There's no acceleration here, it's either stopped or WFO.
Seems like to me introducing this much speed will pretty much eliminate ALL the small guy's. By small I mean anything under 100Gh/s. I would think this will basically shoot them in the foot and they will realize what i'm talking about once everything is on the market and people are plugged in. Start small and work your way there. Don't go from ground floor to the 13th floor all at once. That's my 2 bits thanks for letting me vent.
If they offered a 250GH/s unit for $7,500 instead of a 1TH/s unit for $30,000, why couldn't those who ordered a single mini-rig instead just order four 250GH/s units? In other words, it would make very little difference in overall network hashrate if they had chosen 250GH/s as their largest hasher instead of 1TH/s.
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I am not a significantly high rated player, if I was I would probably set this service up and get a lot of visitors, as titled players attract a lot of people automatically. I got 1600 FIDE.
However I do have a rather unique perspective on chess. Anyway I am always up for playing chess. I do play at FICS occationally (linuxfreak) and chess.com
I played at chess.com, and my ranking only went down from the day I started. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I think it settled around 1100.
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There has been 0 proof from any of these so called ASIC developers. Each time the community shouts at one to show their hand, they bitch on how the other groups havent shown theirs. So we end up starting back at square one, with these groups charging an arm and leg for their units which don't technically exists yet except in concept.
And yet, people all over these forums are throwing tens of thousands of their hard earned dollars into a product nobody is willing to demonstrate.
Why do you even care what people choose to throw their hard earned dollars at?
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This happened last conference too. No one was willing to live blog or give much information about the conference at all.
If I can go next year, I guarantee I'll live blog every presentation I attend, with text and pictures.
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I can specialize in Bitcoins and Political subject matter, but I will adapt to any topic provided. Whether it be research or fiction, I am willing to cover almost anything.
If you're interested, PM me with the job description, along with your ideal price, and I will get back to you within the day. You will only have to pay for work you are satisfied with.
Godspeed.
I will offer my services to proofread your proofreads so that your clients receive proper proofreads. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Explain this error to me because I am still confident it isn't an error at all. Well, the "am" is just a readability issue (which is something any good proofreader should look at and suggest changes for), but the three commas you missed are fairly imperative for fully complying with English standards. The am is within my writing style. I will stand by it. As for the commas, they are oxford commas. The conjunctions already serve the same purpose. Adding commas in those places would be redundant and pedantic. As far as I can tell, none of them are oxford commas. One does precede an "and", but that doesn't necessarily make it an oxford comma. In this case, the two commas surround a parenthetical phrase. Edit: Also, I replaced what you had written with the "am". So, if you liked it, then I suppose I have done my job. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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I can specialize in Bitcoins and Political subject matter, but I will adapt to any topic provided. Whether it be research or fiction, I am willing to cover almost anything.
If you're interested, PM me with the job description, along with your ideal price, and I will get back to you within the day. You will only have to pay for work you are satisfied with.
Godspeed.
I will offer my services to proofread your proofreads so that your clients receive proper proofreads. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Explain this error to me because I am still confident it isn't an error at all. Well, the "am" is just a readability issue (which is something any good proofreader should look at and suggest changes for), but the three commas you missed are fairly imperative for fully complying with English standards. EDIT: And to be clear, I am just poking fun anyway. It's a forum post... no one expects perfection in those.
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So, this is kind of a silly game, and I could very well end up losing money on it, but here it goes...
I have 5 doors with a combined total of 5 BTC behind them.
Send any amount of BTC to any of the addresses at each door. If the amount of BTC behind the door, after processing previous bets, is equal to or greater than the amount you send, then your bet is doubled! If the amount of BTC behind the door, after processing previous bets, is less than the amount you send, then you get nothing! The game ends 24 hours from now (1:00 PM PST on 9/15/12).
Each door has at least 0.1 BTC behind it. The hash to prove how much is behind each door (after the game is over) is: 664dce16d2a858798d9034e203b834f952fac18ce36c198a9e453d6f3e736fb7
Door #1 - 1C3sRrLrVAYJSqc8g2qh9VW3w6pUiiQMrc Door #2 - 15SDcokopxFS3VCMbfGHZyeE4rkhJvex9u Door #3 - 1PPtkNhJruft7cJf57J6zUp3re3E8VeBnC Door #4 - 1Gwnng5B4EyAypQz17otu2QED7G8pTvHyL Door #5 - 1Jc2LqfybEx2aS55PAsEfChQS9STq4d3b6
IMPORTANT: BTC will be sent back to the same address it is sent from! Do not send your bet from an online system like MtGox, or you may not receive your winnings properly!
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I have seen several websites I use, email, Bitcoin, bank, etc. that use Yubi keys, which I do not have. Can I get one Yubi key for all these services? I'm hoping I don't need to get one for each! Thanks in advance.
I know the MtGox Yubikeys are made special for MtGox, so you couldn't use them elsewhere. It is possible you could use a single normal Yubikey for all your other needs though.
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I can specialize in Bitcoins and Political subject matter, but I will adapt to any topic provided. Whether it be research or fiction, I am willing to cover almost anything.
If you're interested, PM me with the job description, along with your ideal price, and I will get back to you within the day. You will only have to pay for work you are satisfied with.
Godspeed.
I will offer my services to proofread your proofreads so that your clients receive proper proofreads. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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I think you're over thinking this...
Physical security is always going to be easier to enforce than digital security. What you ought to do is physically protect the data storage device of the virtual machine your wallet is on (slap that puppy on an SSD and boot it via hyper-v) - keep the block chain updated on the host OS. Then all you have to secure is the room where you store the safe that the drives in.
if you'd rather not secure it yourself - then I'm sure you could figure something out using a bank computer and bootable USB device that you store in a safety deposit box. Or just a laptop that you bring in with you - drop in ssd - etc.
Personally, I'd just setup a few hosted vms that I could access via vpn and be done with it. The weak point in this sort of home invasion thing is always going to be threats towards you or someone you care about. If you've got the keys - and can be convinced to give them to someone... it doesn't matter how secure your setup is. The plus side of all this, you could code something for the vm you're using to ditch your coin to cold storage if you don't follow procedure aka giving you the option to pay them or not without them knowing. Of course, it would all come out in the block chain.
I am overthinking it because no one else is. Haven't you heard of all of the hacks, coins stolen from VPS's, sometimes even by the VPS providers themselves? I wouldn't touch a service using a VPS for cold storage with a 10-foot pole.
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Now throw into the mix a cryptocurrency that is pseudo-anonymous, unregulated, and not legal tender, and your good luck just flew out the window. Once again, "waaahhh, the internet guy stole my WoW gold!"
You really need to get off the "it's not real money, so no one will care" bandwagon. Your SA id is really showing. +1. If it has value, then the police and FBI WILL care.
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I expect that in 200 years 10 terabytes of storage will cost a few pennies.
Okay, I should have been more accurate in forming my thought. Besides, just storage... there is bandwidth, HD (device speed), probably RAM is somehow also intertwined to search the transaction history, etc... Then there's the option of a lite client that doesn't require downloading the blockchain.
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Say you did fork Bitcoin, and 95% of miners moved over to this new blockchain so they could be paid 50 BTC forever.
Now, 95% of non-miners stay with the real Bitcoin blockchain, and 5% of miners.
So 95% of miners are now mining this worthless fork that no one is actually using for transactions, because non-miners are still using the real Bitcoin blockchain instead. The price drops on said worthless fork because no one is using it, and therefore no one wants it. It starts to see values along the lines of Solidcoin when compared with real Bitcoins.
Meanwhile, the 5% of miners who stayed with the original Bitcoin blockchain are still happily mining along and keeping transactions moving along, the currency still has value, and people are still making transactions with it.
Now suppose that those 95% of miners decide that, because this isn't good enough, they should each dedicate 10% of their hashrate to preventing any transactions from being confirmed in the other chain by mining empty blocks and refusing to build on any block that isn't empty. (On the surface this would seem to run into the usual problems associated with collective action, but there are clever ways they could enforce this rule.) Suddenly you can't make any transactions with the original Bitcoin blockchain anymore. Then the 95% of non-miners would buy up mining equipment and become miners to compete. Interesting to think about though...
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That's too broad of a statement to bet against.
They might deliver "something" after a long wait and much rage, but it will be nowhere near the specs listed on the sales page. (which in itself will cause a shitstorm like no other on these forums)
Alright then, what terms would you like to add to the bet? Something like: BFL will deliver an SC Single capable of producing at least 20GH/s, a Jalepeno capable of producing at least 1.75GH/s, and a mini-rig capable of producing at least 500GH/s.
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Im calling it now, the ASIC scams will total a value larger then the pirate heist.
Want to bet on it? I'll bet 50 BTC to your 50 BTC that BFL delivers an ASIC product.
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Where do you live, and how old are you? The numerous spelling/grammatical errors in your OP scream "unprofessional" to me.
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