I've never seen a government do anything better than a private company (except mess up or waste money).
Governments, even the best of them are ineficient, and only manage to survive not by competition, but by banning competition, and forcing people to pay for it's services with tax. Once a tax becomes voluntary it ceases to be tax by definition.
Try your luck with a privatized fire company then instead of a socialist one (like the USA and most of the world uses). It has been done and lives and buildings we lost. Already private jails in the USA have led to the innocent being jailed for money. Want to try your luck with private police? |
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I would like that very much too.
I know that Baron is a scammer, but i still don't like Mtgox's attitude and his way of resolving matters like this.
Also, Mtgox should put a page with terms of service / dispute resolving procedure & security FAQ on his site.
If mtgox.com becomes less shady, people will not suspect him of scam in the future.
I would not want the responsibility of having to deal with this level of fraud and attack. As bitcoins have grown from an experiment to a working currency and the dollar values have grown everyone has to be more careful. Site security that would suffice for protecting $100 changes as the amounts turn into $10,000. People can spend considerable time looking for flaws and holes. I think Mtgox as done what he needed to for the level of attack. This brings up a lot of interesting questions though.... Is there a such thing as tainted bitcoins? Since most of this happened on the Mtgox site itself it really does not answer the question. What if I sold an item for bitcoin and then when i tried to cash it in I am told they were stolen 2 transactions ago? I send out the item of value so I am out that item. What happens then? Are people going to be confiscating bitcoins based on the history? |
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Thanks! I will try the Virtuemart first and report back.
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Is there any type of automated plug in for any popular shopping carts? I love Hikashop http://www.hikashop.com/ but also can deal with zencart or others. I would love to start a store that automatically accepted BTC versus having to do it all manually. |
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Imagine the fun if you buy a gun that way that has a criminal history. (guns do have histories!) Sometime you need to use it in self defense and you are now involved (right or wrong) with a crime that happened with that gun in the past. When you buy from a licensed dealer, you at least can prove when you bought it and usually no it has no history. |
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Too much emotional investment here. Try to be more objective.
+1 Also selling contracts to mine should not be looked at as anti-bitcoin. There are MANY reasons to structure a business that way. One of them is the up front capital, which could be used to expand business, mine more BTC or just for the money now aspect. For every market niche there is a potential business opportunity. Shorting bitcoin would be not possible without some kind of deposit or collateral otherwise the person offering the market to short could be on the hook to back up the possible increase in value of BTC. I could without a deposit or collateral short BTC and only take my winnings if I win, I could walk away otherwise if I am on the loosing side. |
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I can't wait till you re-open, I want to try a Bitcoin Pizza!
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Right now, the electricity I use is not waisted as these systems heat my home and I would normally need to run my heater for these winter months. Actually my electric heating bill is 50% less because the computers act as space heaters and are much more efficient than my central heating system. So for these winter months, my electric consumption is down. However, the summer months will be approaching and I've been struggling with balancing my "greed" for more bitcoins vs. being socially responsible.
Right now I am in the same boat you are in. I am looking to the future and seeing me shutting down in summer (and probably forever as raw mining) as difficulty increases. Of course an increase in value of Bitcoin could change that. Now has anyone experimented with UNDERVOLTING video cards? I used to have a pentium M ULV that I could undervolt by 25% (no overclocking!) and it ran perfectly. I increased my battery life by doing this. Most cards I assume could take some degree of undervolting just like they take some degree of overclocking. |
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How about putting bitcoin in the title of bitcoin buyable items and then a note about bitcoin in the body of the auction?
The ideal would be to drift away from Paypal and Ebay and have a market like biddingpond.com that did not charge near 10% total for transactions. I will soon start to list there (next week) and try it out.
Reputation will be very important on a site like that because scammers will try to infest any site. On a bitcoin driven site, most of the scamming would be done by the seller (not shipping, mis-representing) not by the buyer like in ebay.
Today ebay has made it way to easy to rip a seller off, with the biggest stupid move of eliminating negative feedback option for the seller. Now a scammer can keep doing the same trick to many sellers.
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Sorry, not worth my time. My dad could use a "new" computer anyway.
How much would you want for the board and cpu in BTC? |
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Sturle, wow ... I was wondering about feasibility on this ... typical domestic hot water can be in 4-6 kWatt range ... about 7-8 HD 5970 cards ... combined heat and GPU power CHGPU solution (i.e. not CHP). Clever way to turn useless heater element resistor in hot water tank into GPU transistor and get computational power (bitcoins) as a bonus.
In theory the way to do this is.... Have the GPU's heat water in a pre-heat tank maybe 50 gallons. Then have a continuous on demand water heater (gas or electric) that can take variable water temp in and make constant temp out (they exist!) and you get most of your hot water for free. Even 500W of continuous heating power could be utilized this way. |
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Another thing: WAF!
I have a liquid cooled miner. It is dead silent, but the main point is that it heats our bathroom floor. Pictures says more than words, so I attached a few.
OMFG! WOW! Thanks for sharing pics. !!!!!!!!!!! Did I saw wow? |
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But isn't the point of a law system to enforce the rules upon those who don't want to follow them? To prevent behaviors that the majority (or at least those in power) deem unacceptable? To have an opt-in law system is, frankly, silly as the only people that will pay attention to it are the ones who will follow it. Without the ability to extend the reach of the law system to those who don't want to be a part of it, the law system just creates busywork, friction, and annoyances.
This is not going to happen thankfully. There will be no Bitcoin law. Who would pay to run and enforce it? Then we would have Bitcoin tax. At most we could have an opt-in (and I would not need to for my purposes) credit reporting system, but even that is blown easily with people just making new addresses. |
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elsewhere in this forum is written that without dark pools the exchange rate of btc would be .10 cent
Probably not that low. Probably not even 20% lower then it is now. But dark pools hide large sellers, and there are very large blocks of BTC waiting to be sold. I think it would express more confidence in the future BTC of we did not have dark pools. Large block owners could still list smaller blocks. But as it stands now they get to 'lie' to the market saying.... "I only have 1000 BTC to sell" while their intention is to sell more. Question... As these dark pool implementations are not standardized.... Is the volume accurate reflecting all trades or just the non-dark pool trades? |
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Somebody said don't mix wet with electricity.... Water in the box always make me nervous.
Stock fan works just fine, (a little noisy though).
With more then ten liquid rigs built I have not had any leaks, But only 1 rig with a video cooler. With the custom blocks needed for video cooling it really is not worth it for mining. Just get a good case! I would love to see a large gpu bank cooled with water and waste heat being used for hot water supply. |
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I would be interested in them if they were a good price. I have of course picked up a ton of DVD's for $3 each at yard sales!
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My confidence depends on what kind of consequences we're talking about. If it succeeds, which would mean becoming very popular and staying secure, I assign high probability that it will be used as a savings storage (from which, unlike bank account, gov cannot steal). I do not assign high probability it's gonna be used much for quick micro payments for stuff that is legal (at least not directly).
I think bitcoin is not a great place to store any large amount of legally obtained money. That does not mean I think it will be used for illegal money.... But if you legal have the money (no fear of government taking it) why would you store it in a place where if it is lost in a number of ways it can not be reversed? Sure, you can back things up and lock things up but there still are ways it can be stolen and not be recovered. In a standard insured bank its pretty safe. Even if a fraudster writes checks, you should get your money back. Bitcoins strength is in web payments especially micro payments, and in MOVING money. And doing it on the LOCAL level (small business no small business). Right now with not much trouble, we could set up our own western union like network of local small business storefronts to move money all over the WORLD. We can by-pass feebay and paypal and make small item auctions economic again and keep the nearly 12% of fees ebay is charging back in the hands of consumers and small businesses. |
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