You have a BEng in Mechanical Engineering? I have a Masters (MEng) in Mechanical Engineering, you are a million miles away being qualified for this - you're going to have a rude awakening once you do more research. [I too I am unqualified for this....]
Yeah well nope lets see what I did In my degree and afterwards gate logic, PLC, including timing diagrams etc, control theory, machine code assembly 8086A VLSI Fortan Then After degree C++ (with open GL wrapper) Java (with open GL) Javascript I don't know what you did in *your degree*, but here, Mech Eng actually runs some of the ELEC/COMP eng courses eg, intro to programing and PLC/Control theory, admittedly the ELECTS to Adsp, But I at least know my away around solid state design, and can do gate logic with timing diagrams from the ground up, and have a passing understanding of Altera. Any way I am not even holding this out as my main strength My strengths comes from being able to organize projects and put controls on capital releases (progress payments) to continue the project phases to completion and be able to quickly judge when the BS factor is high by asking the right questions |
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I am 95% sure that you can still rebuild a account/address from a private key after encryption of a wallet.dat
but I just want to be absolutely sure! 100%
how can I esnure that my BTC QT - client has the BTC's in a particular address
or how can I dump ALL private keys for all addresses
I REALLY THINK THE QT client MUST UPGRADE TO SHOW ALL HIDDEN ADDRESS IN THE KEY POOL AND ANY AMOUNT AGIASNT ANY ADDRESS
THIS IS CAUSING SO MANY HEADACHES and UNCERTAINTY
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You guys fail to understand that bitcoins ARE NOT STOCKS.
And also these are not tulips.
This is unique in the history of humankind, a digital currency with very specific properties with a very unique history.
It is definitely uncharted waters, so any experience you might have had with securities, commodities and/or forex, it is absolutely irrelevant.
Dude, when you been studying trading and investment for as long as I have, you know that there is no such thing as "uncharted waters". Let me give you an example of a tech that I invested in and lost. Baltimore Technologies was an up and coming company specialising in the wierd and wonderful world of PKI, that's they sold digital crytopgraphy management systems. Now digital crytopgraphy has blossomed and can be found in many areas of life nowadays, however what about the investment. It lost me 97%, the price chart of it if I scale it right would probably fit right on top of the bitcoin one. Nothing goes up exponentially forever dude, it's impossible. And usually in exchange traded instruments, prices don't just level off horizontally and wait for everyone to catch up, they fall dramatically after an exponential rise. Never seen an exception ever. Lel you stock market types don't even realize you never "made" money of the stock marker, you just swapped around FIAT that central banks made through FRB and CRR's BTC is replacing the Central banks which and you will be trading for BTC FIAT. You really really don't get what Central Banks / Govs have been doing, that is they make the TRILLIONS backed by TAX, companies get the scraps. BTC et.al are taking this away. BTC will go to at least 100K per coin, and LTC probably similar if not higher. |
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Just discovered this thread, good read. I'll add to that chorus of if they increase the 21 million limit, i'll be out.
Was curious where you got the $120 figure from ?
can they do that? even if they can, i doubt they will. Its some lines of code, if everyone agrees it can be changed... It will go against the bitcoin prime directives to do so and the project will be abandoned by the critically thinking people if it occurs. It is still a possibility if enough foolish people get involved and somehow influential. The rest of us will move on to the next thing. yeah thats why you hedge into LTC/TRC also if the 51% did decide this they would be massively shooting their own value in the foot so to speak so it is unlikely they will change...what value would it have to them to do this??? none, just dilute their asset price |
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By design, there will be 4 times more Litecoins generated than Bitcoins. So the perfect balance point for LTC in an ideal world is 1/4 the value of BTC. Anything beyond that is, frankly, just hype.
Not that I'm complaining about today's rally. Ed likes free money!
I agree with you, excepting as to the user base potential of LTC is much greater eg more distributed mining and 4 x transaction time speed |
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The fact that LTC > 200% profit than BTC is going to suck the mining base of GPU's out of BTC really really fast.... This maybe the tipping point when LTC become gold and BTC is silver http://www.BTCFPGA.com |
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I posted this in hardware specific just before $1 https://bitcointalk.org/index.php?topic=162839.msg1712607#msg1712607EDIT::After some technical advices, an LTC ASIC appears to be the best way to maximize investment, we are not yet ruling out FPGA's though as the cost/return/risk profile has to be finalized EDIT:: Due to interest I am proposing the following terms and am open to views of how much we need to see this through. IT is my view in the order of 1000 BTC./ 100000K LTC EDIT :: LTC just hit $1 after I wrote this.
I PROPOSE THE FOLLOWING TERMS OF LTC HARDWARE FUND /OPEN BID MODEL
[1] CAPITAL RAISE of XXX BTC [2] PROGRESS PAYMENT MODEL Total Each Payment 5% 5% Down: 10% 5% Initial Design including expected hash and Power, cost per unit 11% 1% Independent design review 12% 1% Travel 22% 10% Prototype 24% 2% Independent Prototype review 25% 1% Travel. 55% 30% Manufacture 65% 10% Independent Manufactured review 70% 5% Travel. 85% 10% 1st Production run of X units Residual 95% Legal 10%, IP rights and licenses: 100% ADMIN/PROFITS 5% blanket Fee for admin of profits. Terms [3]PROFIT SHARING OF ALL MINING AND HARDWARE SALES minus 5% fee of admin/profits, in proportion to investment. [4] Only a minimum of integer numbers of X BTC will be accepted per investor and no fractional BTC will be accepted (any fraction will be returned to sender) [5] No promise as to delivery date will be made or as to any hardware being able to work, this is highly speculative. All investors must be prepared to lose all investment value. [6] No investor will be replaced with any other investor, except in the most extenuating circumstance. [7] At any point if the project looks unable to be realized all residual funds will be proportionately returned minus transfer fees [8] If any investor or group of investors wishes to create shares or other tradeable instruments this is a matter for them based on their shares [9] Profits will come from a maximization of hardware mining and sales. [10] Open bid system for delivery of Hardware and software. [11] Any residual for bid below market raise will be returned after terms for Bid is finalized. Note Travel, Review and Legals may have to be separated out as those costs will be more likely fixed DO NOT SEND ANY BTC/LTC YET Start:: How possible is this??? I propose a fund to do this, ASICS are too late, time for LTC specialist hardware. Suggestions on how much we need to raise and spec for hardware |
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Although I like the idea, do you know what web 2.0 is?
It's user generated content, big websites like Youtube, Facebook and twitter that get their valuable content from users, not professional writers.
I agree on the fact that the term web 3.0 can be extremely powerful for Bitcoin.
You are correct today, but a few years ago everybody basically though that white background + lights colors + rounded corners = web 2.0. http://web.archive.org/web/20060111060526/http://digg.com/? being commonly cited as an example. haha exactly!!! |
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Screen Shotted!!!  |
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EDIT::After some technical advices, an LTC ASIC appears to be the best way to maximize investment, we are not yet ruling out FPGA's though as the cost/return/risk profile has to be finalized
EDIT:: Due to interest I am proposing the following terms and am open to views of how much we need to see this through. IT is my view in the order of 1000 BTC./ 100000K LTC
EDIT :: LTC just hit $1 after I wrote this.
I PROPOSE THE FOLLOWING TERMS OF LTC HARDWARE FUND /OPEN BID MODEL
[1] CAPITAL RAISE
of XXX BTC
[2] PROGRESS PAYMENT MODEL
Total Each Payment
5% 5% Down:
10% 5% Initial Design including expected hash and Power, cost per unit
11% 1% Independent design review
12% 1% Travel
22% 10% Prototype
24% 2% Independent Prototype review
25% 1% Travel.
55% 30% Manufacture
65% 10% Independent Manufactured review
70% 5% Travel.
85% 10% 1st Production run of X units
Residual
95% Legal 10%, IP rights and licenses:
100% ADMIN/PROFITS 5% blanket Fee for admin & profits.
Terms
[3]PROFIT SHARING OF ALL MINING AND HARDWARE SALES minus 5% fee of admin/profits, in proportion to investment.
[4] Only a minimum of integer numbers of X BTC will be accepted per investor and no fractional BTC will be accepted (any fraction will be returned to sender)
[5] No promise as to delivery date will be made or as to any hardware being able to work, this is highly speculative. All investors must be prepared to lose all investment value.
[6] No investor will be replaced with any other investor, except in the most extenuating circumstance.
[7] At any point if the project looks unable to be realized all residual funds will be proportionately returned minus transfer fees
[8] If any investor or group of investors wishes to create shares or other tradeable instruments this is a matter for them based on their shares
[9] Profits will come from a maximization of hardware mining and sales.
[10] Open bid system for delivery of Hardware and software.
[11] Any residual for bid below market raise will be returned after terms for Bid is finalized. Note Travel, Review and Legals may have to be separated out as those costs will be more likely fixed
DO NOT SEND ANY BTC YET
Disclosure
THIS PROJECT IN MY OPINION IS RISKY, BUT THE RISK CAN BE MANAGED. LIKE BTC, I PUT IN WHAT I CAN AFFORD TO LOSE 100%. ONLY WITH GREAT RISK COMES GREAT REWARD
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I'm starting a new topic on this (old) theme to ask you guys if you think you see the possibility of starting a crowd funded ASIC miner project.
My proposal is to start is for me to startup new company funded by you, the people interested in buying such a device. The things can be arranged legally so that I would not be able to access the funds (or be able to access them and risking extortion charges) of this company without your permission (and this could be done with a voting system by signing messages from a bitcoin address). The profit that I get if the device will be a success can be proportional to some variables like: the price of the final product, delivery time, performance, power efficiency etc.
About myself: I have electronics background. I hold now an engineer position where I develop HDL code and design PCBs. I discovered the bitcoin three months ago and started to make my own FPGA mining rig with some FPGAs that I had at home, so the algorithm it is well known by me. The project was a success: 20GHash/s and 1,2kW consumption.
So, anybody interested? Opinions?
If you could make a FPGA LTC miner now that would be something I may invest in |
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One comment:
If you're selling to an outside investor, I think you should sell all your shares. Else, you are adding more investors, which leads to more payment hassle.
If you're selling to an existing group member, split away.
I agree, this takes of any extra work for CH |
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methinks the lady doth protest too much
Mayhap, but t'was to redress swarms of pro-ponzi phampleteers, i did spill ink, press key |
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Ok I will start
[1] When the early high JINI sell out their large holdings the whole scheme benefits, and it would be good that you can get BTC a lower prices.
[2] A currency does not claim or set out to create value or be an investment return scheme. A currency is a mechanism to store, measure and transfer value efficiently. The fact that the currency may also make a good return to some is a collateral benefit only. It merely indicates the worth of the currency itself as a currency v alternative currencies eg USD, gold, etc.
A ponzi scheme is explicitly about creating value, investment return.
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150-180$ shipped
Thanks, does it run the same software/drivers as the 5970 for LTC mining, also what mobo, mem and cpu would you recomend and should I use windows or linux? |
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how much is a good price for AMD Radeon HD6970?
what sort of hash could I expect for LTC
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wow CoinHorder, This has grown exceptionally large. (I bought in on your first order, before they went on sale). You sure have some work on your hands. I bought in thinking this would be much smaller and more personal.
I was putting my money into Rick & the prison, now this feels like I'm apart of Woodbury...
We need to get this more organized. This is a large group. First a private website for investors.
Public blog for CoinHorder to update us. Private forums that CH verify each account. Only people with current shares will have access. If you sell all your shares then your access will be removed.
For share trade/sells I propose this.
Members will find other members that want to sell/buy and come to agreement. Once a week/month, CH will go through a list of members that wish to trade. Members send payments, CH verifys, updates records, etc.
Take 10mins to setup, few days to get everyone to reg/verify forum accts. I have servers/domains. I'm sure half of us do. Don't know why it take us so long to do simple thing as this.
Drop me a PM CH if interested.
This at most!!! I really don't want CH to have to do any more work than he signed up for and want him rested to look after the farm.... We can negotiate between ourselves he should not have to do it, he never said he was opening an exchange, nor should he be put to the work of it. |
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03:49 <@gmaxwell> I thought it would be nice to go and talk about bitcoin for once, instead of being flooded out by more north korea stuff.
03:49 <@gmaxwell> We were actually _unable_ to talk about bitcoin, to the point where d-dimer suggested we go to another channel.
03:49 <@gmaxwell> and I think thats nuts
03:49 < rikur> You probably thought wrong, unless you auto +v everyone who is authed in the channels and help new people to get started too
03:49 < rikur> gmaxwell: this is more nuts
03:50 < rikur> just because you and d-miner wanted to chat in a more peaceful environment, you blocked out 1k people
03:50 <@gmaxwell> I'll be removing the +m in probably 10 minutes or so when we complete doing this multisign tutorial.
03:50 < rikur> gmaxwell: I don't think that you should be able to just shut the channel because you're walking someone through a tutorial
03:51 < rikur> #bitcoin-tutorials?
03:52 < rikur> the very foundation of bitcoin is to counter censorhip. This is just so wrong.
Anyone else think that is is just plain stupid?
No. And it's not that uncommon either. Your right, but that big bitcoin founder pic makes you look a bit wanky |
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