Hey guys.  Just wanted to say thanks for putting on the convention.  Good discussions and it was nice to put some names to faces.

That's how mine is.  About 50/50 public/private.

"03/14/2012 -Important announcement: Bitscalper was hacked yesterday between 16.00 and 18.00 (UTC+1) and the totality of coins stolen. We are working on gathering all possible informations on the hack at this very moment. We apologize for any inconvenience we might cause."

Kiss'm goodbye guys.  Glad I didn't put any more than 3 BTC in.

It wasn't that long ago that a comment like that would earn anyone else the never ending ire of the regulars on this thread.

"Why are you telling everyone our valuable secrets!"  etc...

http://toplw4whis7o7xav.onion/forum

Saw it on Reddit here.

http://www.reddit.com/r/litecoin/comments/qcpu5/litecoin_marketplace/

Total I run is about 14K.

If maintaining a minimum of 50BTC per block is the goal, then we're going to need to see much higher volume of transaction.  I'm not sure this is the goal.  Perhaps in 20 years, when BTC is widely used and blocks are worth 1BTC, transaction fees will only total 10BTC.  I think this is also an acceptable result.

Feb 30, huh?

Don't feel too bad about it.  Keep working on your English and come back when we can understand you.

Reg, it could be that your English simply isn't up to task, but the things you're typing look like trolling.  No offense meant.

"John Edwards Cum"

What exactly does this mean?

Of course they are the same.  It has been more than once that someone will say something about RealSolid, and CoinHunter will log in replying, "I didn't do this or that..." etc...

It isn't his account.  He just logs in and borrows it sometimes.   

I was able to log in yesterday and I requested a withdrawal.  No payment yet...  Did we all just get scammed?  Or is this an innocent problem?

I would very much like to see a video of it pointing at pool-x.

But a $1,000 Bitcoin GPU rig is going to produce over 1GH/s, not 320 MH/s.  So while my memory of what a good CPU will do for Bitcoin might be fuzzy (haven't done it), the overall point remains the same.  GPU mining on BTC has made CPU mining worthless, a money losing endeavor.  All the while, if GPU mining on Litecoin is as good as the rumors claim, CPU mining is still very much worthwhile.

But haven't you accused the "trolls" of trying to spread FUD?  If that is the case, and your motives for changing their words are the same as theirs for making the post in the first place, doesn't that mean you are spreading FUD?

Coinhunter, why do you quote other people and then change what they wrote?  How is this not creating, in a literal sense, Uncertainty and Doubt?

Every time you quote someone, readers have to scroll up to the original text to make sure you haven't changed anything... and often, you have.

In my opinion, so long as a CPU rig can earn coins at a significant percentage rate of a GPU rig, then Litecoin is serving its purpose.  You have to keep in mind that a $1,000 CPU mining Bitcoin is going to take 60 years to find a block, while a $1,000 GPU rig will take about 2 months.  The CPU rig is .2% as efficient as the GPU rig.

Let's make the same comparison to LTC.  A $1,000 CPU rigs will make 30LTC a day while a $1,000 GPU rig will, according to rumor, make 600LTC per day.  The CPU rig is 5% as efficient.  There is a difference of 25 times between the inefficiencies of CPU's to GPU's regarding Bitcoin and Litecoin.

Even in a world of GPU miners, with Litecoin, the CPU is still very effective, especially when there is no initial outlay of money for the rig itself.  With Bitcoin, no matter how good your CPU is, it is utterly worthless for mining; this isn't even close to the case for Litecoin, if the rumors of GPU miners turn out to be true.

I see no reason for any changes.

You mean the account holders that you appointed after they paid you?  No room for corruption there...    Just how many of them are there?  Who are they?  You've stated that there are 10 trusted nodes, so does this mean there are 10 machines with 1 man, or 1 machine for 10 men?  Do they get a special client or something?  Can you see how these are important questions only if the currency is centralized, like you say it isn't?

You may say that you've solved the 51% attack problem, but all you've done is mimicked the exact system you're attempting to replace.  You're the Federal Reserve chairman and your "trusted nodes" are the 10 largest private banks.  Get it?  You're not decentralized.  The fact that information is exchanged from SolidCoin peer to SolidCoin peer no more makes your currency decentralized than this forum, where I can type in a post, and it gets to you if you click on the topic.  See how we're talking to each other?  What a revolution in decentralized forum peer to peer software!  (Please ignore the closed source, privately owned and operated middleman.)

Yeah, and anyone can open a bank in the United States if they meet certain criteria.  That doesn't mean Federal Reserve notes are examples of decentralized currency.