I don't think anyone from Mycelium comes to this thread anymore. They're just like BitPay and the rest. Once the business gets big they realize how toxic BCT is and they never come back. Try looking up problems and help here: https://github.com/mycelium-com/wallet/issues Not true, my experience with the Mycelium devs is very different. By the way, isn't Trasla from Mycelium? Oh and what do you mean by 'once the business gets big', I wonder how big their business is, how much did you pay for your Mycelium wallet? I know I paid zilch for mine. Hey, I was just trying to help. I had problems and found the answer in the github pages. If you don't want to use github don't go there. When I say big I mean prestigious. Like they are trying to maintain a proper professional appearance. Coming to this shithole and arguing with trolls kind of takes away from that. lol |
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Why would anyone pay for porn? There are tons of free porn sites online LOL
Why would people pay for anything? Porn, films, music etc. Heck, why even pay for food or clothes when you can just go to a shop and steal them? Why even pay rent or buy a house when you can squat for free? Some people prefer the convenience of paying for services or goods and also don't want to break the law (whether you agree or disagree with copyrite theft). Yeah, the thought of violating the copyright of a business that makes its money abusing women keeps me up at night. I would never torrent porn because the producers couldn't afford the meth to keep their girls in line.  |
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Do you have "only use Tor" enabled? It's towards the end of the settings.
Exactly where can I find that option? I only see the same as armedmilitia described: a use tor-network option that has two settings: "https" or "external tor (Orbot)". What should it be on? Is there a way to NOT use Tor at all? I don't mind about the potential privacy risk involved. I never order child porn and terrorist attacks with Mycelium. Seems like I misread the option. i see the same as you, and don't understand the options. Maybe there isn't an option not to use Tor, idk. I don't have orbot installed, and so have always had 'Use https' selected, which shows up in the top level options as "(only https)". Maybe "Use https" means "don't use Tor", but it's really not clear. I don't think anyone from Mycelium comes to this thread anymore. They're just like BitPay and the rest. Once the business gets big they realize how toxic BCT is and they never come back. Try looking up problems and help here: https://github.com/mycelium-com/wallet/issues |
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I have a checking account with $100 in it. I go to a Starbucks and charge a $6 cup of coffee. I now have $94 in my checking account and Starbucks has $6. There is no fee for either. I don't care if that cup of coffee costs the bank a million fucking dollars. The customer doesn't pay and the business doesn't pay. That's all the public will see or care about. If that cup of coffee costs one penny more they will keep using their debit card. Remember I'm not talking about credit. Credit is another story and something Bitcoin isn't currently competing with on a large scale.
Edit: I'm talking about Pin Debit using qualified large merchants.
Hmm.. I wasn't aware that there are merchant service providers who have zero fees for pin based debit card transactions. According to the FRB, fees for debit card transactions averaged $0.31 in 2014. Large merchants like Starbucks bank where the tiered pricing is negligible or free. In the case of tiered pricing a business does not pay interchange fees. Instead, a business pays qualified, mid-qualified and non-qualified rates to a processor. Smaller merchants pay larger fees. Different types of businesses pay different rates also. The point remains that consumers won't pay anything because they don't currently have to. I am such a cheap bastard that I buy gas at ARCO with only cash because they charge more for any card. I refuse to give those blood sucking leeches one penny more than I have to for gas. Bitcoin has a strong ability to compete with the international money transfer business even if the fee was two dollars. I see no reason why it should be used for everyday purchases where the competition will win. I can pay cash for little stuff under $20. Sending $10k to another country I would want to use Bitcoin and so would anyone else. Sorry, I am a bit tired, so I am not sure, if I really got that. So, Starbucks is paying a fee, the customer doesn't see? If so, there is really a simple solution to that: A discount. When the merchants saves fees, when you use Bitcoin, he can give you part of it back as a discount and if you get a discount, that is bigger than the fee you are paying for sending Bitcoin, you have enough incentive to do so. You could use Dharma Merchant Services even as a small business and pay almost nothing for debit and credit card processing. That's not my point. If Bitcoin is going to succeed in all markets, and I don't think it should even try, it needs to have different fee schedules for different markets. Invariably, depending on the market sector, Bitcoin will be too expensive or too cheap. Take Amazon Payments as an example: With Amazon Payments, users can send and receive up to $1,000 each calendar month using a credit card without being charged any fees, creating the opportunity to earn credit card points for expenses that might otherwise be paid in cash or by check. How in the fuck is Bitcoin ever supposed to compete with that unless it's also free to use? However, it costs between $15 and $50 to send money internationally. Why should Bitcoin only be a penny or a nickel. That's too cheap. Why can't Bitcoin cost $.50 or $1 for that transfer? The only solution is to have a reasonably cheap transaction fee to pay miners or have large Bitcoin corporations do all of the mining for free because it supports their Bitcoin business. I know that will cause all the centralization arguments but it really wouldn't be any more centralized than a half dozen Chinese mining farms doing it. Edit: Remember, we're talking about normal people using it, not a bunch of libertarian nut jobbers that would use Bitcoin if it cost $50 to send $1. |
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I have a checking account with $100 in it. I go to a Starbucks and charge a $6 cup of coffee. I now have $94 in my checking account and Starbucks has $6. There is no fee for either. I don't care if that cup of coffee costs the bank a million fucking dollars. The customer doesn't pay and the business doesn't pay. That's all the public will see or care about. If that cup of coffee costs one penny more they will keep using their debit card. Remember I'm not talking about credit. Credit is another story and something Bitcoin isn't currently competing with on a large scale.
Edit: I'm talking about Pin Debit using qualified large merchants.
Hmm.. I wasn't aware that there are merchant service providers who have zero fees for pin based debit card transactions. According to the FRB, fees for debit card transactions averaged $0.31 in 2014. Large merchants like Starbucks bank where the tiered pricing is negligible or free. In the case of tiered pricing a business does not pay interchange fees. Instead, a business pays qualified, mid-qualified and non-qualified rates to a processor. Smaller merchants pay larger fees. Different types of businesses pay different rates also. The point remains that consumers won't pay anything because they don't currently have to. I am such a cheap bastard that I buy gas at ARCO with only cash because they charge more for any card. I refuse to give those blood sucking leeches one penny more than I have to for gas. Bitcoin has a strong ability to compete with the international money transfer business even if the fee was two dollars. I see no reason why it should be used for everyday purchases where the competition will win. I can pay cash for little stuff under $20. Sending $10k to another country I would want to use Bitcoin and so would anyone else. |
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Currently, the shop often covers the payment fee.. The fee, atleast in the Netherlands can be up to a euro per transaction (depending on your volume ofcourse). As a costumer, you don't see this because the shop takes care of this. Maybe an option like this, where the receiver pays the fee, could be an option?
That's how Visa/MasterCard does it. They charge their percentage to the receiver. Of course, that's passed along to the customer in higher prices. That's not what I'm talking about. I'm talking about transactions that currently do not cost either party anything. I walk into a store and see a flat screen TV that I want to buy for $3k. I don't carry that kind of money around with me so I use a checking debit card that automatically taps my saving account to buy it. There is no fee whatsoever. Why would you routinely pay more for your utility bills (even a penny) month after month when you don't have to? Makes no sense. If I want to send money quickly to the Russian mafia half way around the world for some reason. That's where Bitcoin shines. Using a debit card is pretty much the same as using a credit card, the merchant still has a cost. All forms of payment have a cost, even cash, however in today's society generally the costs are not visible to the consumer as they are already priced into the goods or services. I have a checking account with $100 in it. I go to a Starbucks and charge a $6 cup of coffee. I now have $94 in my checking account and Starbucks has $6. There is no fee for either. I don't care if that cup of coffee costs the bank a million fucking dollars. The customer doesn't pay and the business doesn't pay. That's all the public will see or care about. If that cup of coffee costs one penny more they will keep using their debit card. Remember I'm not talking about credit. Credit is another story and something Bitcoin isn't currently competing with on a large scale. Edit: I'm talking about Pin Debit using qualified large merchants. |
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If it's anything more than free I'm sure not going to use it for something like paying a bill or getting coffee. My banks debit card doesn't charge me to do that.
If it's a negligible amount like 1 cent then people will think of it as free. Once it rises above a few cents people will choose to use free methods of payment like debit cars. The only case where people might be prepared to pay high fees is sending money abroad when the fees are less than the fees for wiring money between bank accounts. For transactions where you normally pay a fee to send the money then Bitcoin should be a little below that but where there is no cost to send the transaction there should be no cost for Bitcoin either. If there's a cost no one will use it. You would have to be a fool to stop what you're currently using for free to move to something that will cost you to use. Currently, the shop often covers the payment fee.. The fee, atleast in the Netherlands can be up to a euro per transaction (depending on your volume ofcourse). As a costumer, you don't see this because the shop takes care of this. Maybe an option like this, where the receiver pays the fee, could be an option? That's how Visa/MasterCard does it. They charge their percentage to the receiver. Of course, that's passed along to the customer in higher prices. That's not what I'm talking about. I'm talking about transactions that currently do not cost either party anything. I walk into a store and see a flat screen TV that I want to buy for $3k. I don't carry that kind of money around with me so I use a checking debit card that automatically taps my saving account to buy it. There is no fee whatsoever. Why would you routinely pay more for your utility bills (even a penny) month after month when you don't have to? Makes no sense. If I want to send money quickly to the Russian mafia half way around the world for some reason. That's where Bitcoin shines. |
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If it's anything more than free I'm sure not going to use it for something like paying a bill or getting coffee. My banks debit card doesn't charge me to do that.
If it's a negligible amount like 1 cent then people will think of it as free. Once it rises above a few cents people will choose to use free methods of payment like debit cars. The only case where people might be prepared to pay high fees is sending money abroad when the fees are less than the fees for wiring money between bank accounts. For transactions where you normally pay a fee to send the money then Bitcoin should be a little below that but where there is no cost to send the transaction there should be no cost for Bitcoin either. If there's a cost no one will use it. You would have to be a fool to stop what you're currently using for free to move to something that will cost you to use. |
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If it's anything more than free I'm sure not going to use it for something like paying a bill or getting coffee. My banks debit card doesn't charge me to do that.
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They should let him off because he looks a little like Ross from the TV show Friends. Everyone knows Ross would never do anything really bad or Rachel would be mad at him.   |
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Does anyone have information about how much actual mining by customers was done by HashFast gear? (If any.)
And were they running the old 'factory test' mining before shipping to customers boondoggle?
HF shipped all Batch 1 and 2 customers' machines. Unlike Cointerra's (also late-shipping) machines, HF's ran at the advertised 400GH/s spec. Plenty of mining was done by their gear. Icedrill is still mining with HF ASICs. Early equipment (including firmware) was not sufficiently tested and had stability issues. Later production, subjected to rigorous QA, was much more reliable. The ridiculous 'secret mining' canard was brought up by cedivad, only to be promptly debunked. I'm surprised and disappointed someone of your caliber would, without even being aware of these basic facts, rehash old gossip and leap to defamatory conclusions which have been soundly rejected in court. As for the case of Greedy Lawyers vs cypherdoc, Judge Montali is highly skeptical of their flimsy claims and literally mocked/laughed at them on several occasions. I know you're pissed off at cypherdoc for being an annoying Gavin fanboy lately, but these unfounded rumors are not the best cudgel with which to bash him. Sounds like you are mixed up in it too somehow. And it is all news to me, looks like the court action is current so not so much 'rehash old gossip' as a necessary catharsis. I'm keeping the investigation to the tabled facts so not sure what 'defamatory conclusions' you refer to. Going on the public court documents it is quite damning for cypherdoc the payments made for "endorsements" and that there was hardware that was never delivered to forum members I'm assuming. Which is the height of hypocrisy given his crazed defamatory "conflict of interest" LeBronning of core devs and personal slurs towards me. People in glasshouses shouldn't throw stones. Any cudgel bashing is of his own making, he had fair warning I don't put up with that nonsense. Go read his trust rating about HashFast. |
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In 1957, several cities were vying to host the 1964 Winter Olympics. Candidates had been eliminated to the point where the only two left were Singapore and Nevers, France. The French venue had an obvious advantage for the games, but the Singaporeans were eager to host the games in their country, so they developed a snow-making machine. Because of technical glitches, the machine produced snow only part of the time. The rest of the time it produced steam, and you can't ski on steam. So they made a last-ditch effort to perfect the machine, knowing that the deadline for a decision from the committee was nigh. To bring moral support and entertainment to the workers, they brought in Elvis Presley, who mounted the stage and said, "Well, today's the day your machine must produce snow. If it belches out steam, the games will go to France. So this is it. It's snow, or Nevers."
Ok, I now know two things about you. 1. You're old as the hills. 2. You don't understand that most of the members here are prepubescent boys that, even if they know who Elvis Presley is, have never heard of the 1960's song, It's now or never. |
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As far as btc is concerned, I no longer buy from, sell to, trade with, give to or take from anyone at this forum - ever. That's because I've witnessed thievery from even the oldest and most respected members here. Hell, a respected and highly trusted mod has ripped me off. Needless to say, it doesn't surprise me that cypherdoc ended up being a scammer.
The most surprising thing for me was that he's a California Asian associated with a good school. I don't know why, but when I read his posts I pictured him being a white, short, fat, professor of economics that hates his job at some no name school in middle America. You know, the kind of professor that didn't get super good grades so he ended up teaching at a mediocre school in the middle of nowhere. Sick of teaching country bumpkins supply side economics, this guy hangs out on an obscure finance forum making himself feel superior by ridiculing and schooling the truly inept. I never would have guessed it. He'll probably get away with it too because all the really good scammers that get away scott free have been Asian. Whitie keeps getting caught. LOL
Black, white, brown, yellow, red... like different breeds of dogs. The question is does he have a hooked nose? Maybe he's a dingo! A dingo ate my baby.  |
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As far as btc is concerned, I no longer buy from, sell to, trade with, give to or take from anyone at this forum - ever. That's because I've witnessed thievery from even the oldest and most respected members here. Hell, a respected and highly trusted mod has ripped me off. Needless to say, it doesn't surprise me that cypherdoc ended up being a scammer.
The most surprising thing for me was that he's a California Asian associated with a good school. I don't know why, but when I read his posts I pictured him being a white, short, fat, professor of economics that hates his job at some no name school in middle America. You know, the kind of professor that didn't get super good grades so he ended up teaching at a mediocre school in the middle of nowhere. Sick of teaching country bumpkins supply side economics, this guy hangs out on an obscure finance forum making himself feel superior by ridiculing and schooling the truly inept. I never would have guessed it. He'll probably get away with it too because all the really good scammers that get away scott free have been Asian. Whitie keeps getting caught. LOL
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How is a girlfriend like a laxative?
They both irritate the shit out of you.
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The best thing? The cake is a lie.
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What’s the difference between a tire and 365 used condoms?
One’s a Goodyear. The other’s a great year.
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They were cheating the system. Bitcoin has one variable that can't be predicted - human behavior. The system will always be flawed as long as someone sees an advantage in doing the wrong thing. Bitcoin isn't a worldwide corporation but it's players must act as if it were. Independent global actors must each do their part correctly and for the good of the whole except all of them are motivated differently. The problem with a system controlled by no one and everyone is the old adage, what's best for me is what's best.
Sorry, that was not the idea. Players were supposed to behave in certain ways because of the economic incentives built into the protocol, not because of "the good of the whole". If players find that it is more advantageous to them to behave in ways that are bad for the system, that is a flaw of the protocol, not a fault of the players. I agree with what your saying with the exception that I see the system as organic. The players are the system. Bitcoin can't function alone as some sort of AI. We are Bitcoin. |
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I have a hard time believing that F2pool and AntPool did this by accident.
However I also cant see their profit motive in this case since everyone knew what was happening.
It seems they just wasted time/money on the wrong chain with no benefit.
What am I missing?
It was an accident, or more like their speed "cheat" cost them a few thousands of dollars. If it was intentional then there was going to be transactions included in the blocks they found. And there were no transactions in their blocks. See this thread: https://bitcointalk.org/index.php?topic=700411.msg11790734#msg11790734Miners will very much be impacted by the incident. Maybe you pay for this time, but you cannot continue to cover such a large loss. What about confidence? Do you think people should have confidence to mine with F2pool and no shady actions will occur?
There is no impact on miners at all, and our PPS fee is very low if you consider all those merged coins we are giving out: 7 NMC/IXC/I0C is about 0.019 BTC or 1.9% of your earning. The loss is also trivial to us. Our Bitcoin reserve is more than 10000 BTC and we also have many altcoins. I do mine with F2pool at times, currently as a backup, and I think we deserve to hear more about how this does not impact us.
Care to comment on 'SPV mining' explanations being provided by the bitcoin folks?
The short version is they state you and antpool caused most of this because you were not validating blocks.
Do you have a response, or is this the way you plan to run your pool in the future?
We will continue do SPV mining despite the incident, and I think so will AntPool and BTC China. We will do it more carefully in the future however. Today's incident was caused by one of AntPool's outdated bitcoinds. BTC China and us simply followed AntPool's block announcement, only they have worse luck, so they did not generate as many blocks as us. We will continue do SPV mining despite the incident, and I think so will AntPool and BTC China.
Another very good reason people should not mine on Chinese pools. This is EXTREMELY bad for the Bitcoin network. |
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They were cheating the system. Bitcoin has one variable that can't be predicted - human behavior. The system will always be flawed as long as someone sees an advantage in doing the wrong thing. Bitcoin isn't a worldwide corporation but it's players must act as if it were. Independent global actors must each do their part correctly and for the good of the whole except all of them are motivated differently. The problem with a system controlled by no one and everyone is the old adage, what's best for me is what's best.
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