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3841  Bitcoin / Mining / Re: The Ultimate Mining Environment... on: November 26, 2011, 12:15:28 AM
why would someone trust you with their expensive equipment?  You seem fine with screwing over your landlord so why not screw over the suckers who take you up on your offer?

That's the best question asked so far!

Too bad it has already been answered.

I'm not screwing over my landlord.

FYI - My landlord already violates state-law heating requirements and the lease requires us to maintain the heat below the state minimum.

Keep in mind, I have no problem with this, I can always wear a sweater.  In addition, the house is long-ago paid off (it's from the 50's) and this guy is already banking by renting out this place.  It's also not the only property he leases. 

I hope you dont study law. If you present what you said in court, the judge will slam on you the "irrelevant" stamp.

You sounds like a dick envy the landlord for having properties to lease.

I would slap your parents across the faces for being irresponsible
 

Well, then it's a good thing for me that hypothetical propositions are also irrelevant.

But, you make an interesting point.  It actually kind of reminds me of Bitcoin and the dickishness of all its users.  How irresponsible of us to take advantage of a legal loophole which inevitably contributes to economic inflation that ALL citizens have to deal with.  And, that's not even mentioning the threat Bitcoin poses to hard-working bank executives and officials of the federal reserve.

And the part about slapping my parents...yeah that's a bit uncalled for.  Do you know what projecting is?

Oh please, thats totally called for.

You're not exploiting the loophole to help the bitcoin project, you're doing it for your own benefits... to gain money from selling the mined coins or renting your mining space. You got a nerve to even make it sounds like you're doing a good deed.

Did mommy teach you this?


So many angles to approach this from...

1)  No, I'm doing it for my benefit and for the benefit of the person who wants to mine here...like a good utilitarian.
2)  Most Bitcoiners are doing it for their own benefits.  I'd say the ones that genuinely care about the project more than the money they earn are few and far between.
3)  Not renting...helping?  Interpretive difference.  It's like carpooling...it's a win win for the 2 in the car...the toll authority and the gas companies lose (yes I know, slight difference with the lease issue  Cheesy )

Regardless, you have your golden rule and I have mine.  If I was a landlord and I didn't want to worry about it, I would simply construct a lease that prevents any issues from happening.  If I stated free utilities in my lease and someone took advantage of it to the extreme, then my bad.  I didn't think it through.  I'm assuming my landlord did think it through as that would be his responsibility.
3842  Economy / Gambling / Re: Got an idea for a bitcoin game? Want to make some BTC??? on: November 25, 2011, 10:59:46 PM
I thought a bitcoin-themed RPG would be good, reminiscent of the final fantasy series.  The thing I think that would be most interesting is if the BTC in the game represented real life BTC.  Essentially, this would be a gambling RPG...

General premises:

1)  To begin playing, you must deposit a certain amount of BTC.  BTC will be the in-game currency, except the BTC used/spent/gained in the game will be real-life BTC.
2)  The incentive to deposit BTC at the start influences your ability to complete the game.  Weapons, armor, items, etc. in the game will require (real) BTC to purchase.  Thus, the more BTC you deposit, the easier the game will be, though the difficulty should plateau at some point -- somehow, there should always be an element of luck involved where the player can lose what he has invested.
3)  The game will have the potential to reward players with real earnings.  For example, whatever amount of BTC the player completes the game with will be rewarded to him after the game.  If the player loses the game, he will also lose some amount of BTC (either all of it as in "game over," or he may be able to restart from some point with only some of his BTC missing).
4)  The game will have to be well balanced mathematically to ensure a proper difficulty level.  After all, we wouldn't want someone to easily manipulate the game so that they can acquire a massive amount of earnings without also facing a large risk of loss-- the point is that the game should be fun to play, but it should also allow for a real chance of earning real life BTC.

It would be one hell of a project to design, but I bet a lot of people would play it.  I know I would.

Edit:  Another idea would be to adjust the difficulty of the game based upon the amount of BTC initially deposit.  For example, let's say I deposit 1 BTC.  This may give me the potential to earn 2 BTC if I complete the game.  But let's instead pretend I initially deposited 2 BTC, and this would give me a potential to earn 4 BTC if I complete the game.  Because my initial deposit is twice as much and I will be able to buy twice as many items in the game (at least initially), perhaps certain factors of the game could increase in difficulty to match the deposit.  The goal of this would be to keep the game equally difficult no matter how many BTC are initially invested.  So, while I may be able to buy stronger weapons and armor to begin, the enemies may be more difficult.
3843  Bitcoin / Mining / Re: The Ultimate Mining Environment... on: November 25, 2011, 10:26:29 PM
why would someone trust you with their expensive equipment?  You seem fine with screwing over your landlord so why not screw over the suckers who take you up on your offer?

That's the best question asked so far!

Too bad it has already been answered.

I'm not screwing over my landlord.

FYI - My landlord already violates state-law heating requirements and the lease requires us to maintain the heat below the state minimum.

Keep in mind, I have no problem with this, I can always wear a sweater.  In addition, the house is long-ago paid off (it's from the 50's) and this guy is already banking by renting out this place.  It's also not the only property he leases. 

I hope you dont study law. If you present what you said in court, the judge will slam on you the "irrelevant" stamp.

You sounds like a dick envy the landlord for having properties to lease.

I would slap your parents across the faces for being irresponsible
 

Well, then it's a good thing for me that hypothetical propositions are also irrelevant.

But, you make an interesting point.  It actually kind of reminds me of Bitcoin and the dickishness of all its users.  How irresponsible of us to take advantage of a legal loophole which inevitably contributes to economic inflation that ALL citizens have to deal with.  And, that's not even mentioning the threat Bitcoin poses to hard-working bank executives and officials of the federal reserve.

And the part about slapping my parents...yeah that's a bit uncalled for.  Do you know what projecting is?
3844  Bitcoin / Mining / Re: The Ultimate Mining Environment... on: November 25, 2011, 04:38:38 PM
why would someone trust you with their expensive equipment?  You seem fine with screwing over your landlord so why not screw over the suckers who take you up on your offer?

That's the best question asked so far!

Too bad it has already been answered.

I'm not screwing over my landlord.

FYI - My landlord already violates state-law heating requirements and the lease requires us to maintain the heat below the state minimum.

Keep in mind, I have no problem with this, I can always wear a sweater.  In addition, the house is long-ago paid off (it's from the 50's) and this guy is already banking by renting out this place.  It's also not the only property he leases. 
3845  Bitcoin / Mining / Re: The Ultimate Mining Environment... on: November 25, 2011, 06:51:34 AM
why would someone trust you with their expensive equipment?  You seem fine with screwing over your landlord so why not screw over the suckers who take you up on your offer?

They will meet me in person and know where I live and know my name.

I'm not screwing over my landlord.  He's making tons of money on the house already.  And, I'm not doing anything illegal.  I'm abiding by my lease. 
3846  Bitcoin / Mining / Re: The Ultimate Mining Environment... on: November 24, 2011, 11:03:33 PM
Yeah. And it's the hosting bit that made most of us laugh, as if you could start running 40 videocards in a basement of a house you rent and:

A) Go un-noticed
and
B) Not have to massively upgrade your power distribution network
and
C) Not melt from the excess heat.

I never said 40 vid cards.  You did.

I said 1 GH/s.  That was a joke, but at the same time 1-2 GH/s is something I could support.  I'm really not sure why people are opposed to earning an extra ~$30 a month (haven't done the math, not sure what it comes out to).  Just because 2 GH/s isn't 20 GH/s doesn't mean you wouldn't be earning more than you currently are by utilizing a cheaper source of electricity.  I understand the human brain doesn't think that "small" monetary figures add up to some significant degree over time, but they do.
3847  Bitcoin / Bitcoin Discussion / Re: New Idea for Bitcoin (I think) - Bitmail on: November 24, 2011, 10:57:43 PM
A decentralized peer-to-peer email network, where everyone who contributes to the system (even just by running the client) gets a slice of the postage fee? Add in automatic encrypting of the mail and I'm sold. I can just see the ads: "Get PAID to use email! Use Bitmail!"

(Yes, I understand the OP was describing a typical email program that simply did things with bitcoins on the side... but I think it's possible to do much better...)


I agree 100% with making it much better...I will leave that to the coders.
3848  Economy / Services / Re: Introducing the Bitcoin100 on: November 24, 2011, 10:53:13 PM
I pledge 1 BTC under 2 conditions.

1)  Half-jokingly, I would like a pm to remind me to donate my 1 BTC.  By the time any of this comes to fruition, I will have likely forgotten this thread.

2)  I get to be #100   Grin

No half-joking at all in this post. #1 is a given. Still working out the minor detail of the notification process, whether it'll be PM, text, email, Twitter, Facebook, Google+, etc., or a combination of all.

As far as #2, why not? Done!


Excellent!  Thanks!
3849  Bitcoin / Bitcoin Discussion / New Idea for Bitcoin (I think) - Bitmail on: November 24, 2011, 10:56:39 AM
I apologize if this has been discussed before.

What about creating an email/Bitcoin client?  It would be a straightforward email client like gmail or anything else, but with the addition of Bitcoin perks.  For example, the ability to link email addresses with Bitcoin addresses would be a nice organizational too.  I mean really...in how many instances is anonymity really going to be so important?  It would be nice to be able to send an email to a friend/relative/businessman/etc. and click the "attach Bitcoin" button and send away.

Thoughts?
Edit:  Possible email conversations may include "thanks for the drugs!" and "damn, this really is the hottest pepper ever.  My laptop and I are in the bathroom."
3850  Economy / Services / Re: Introducing the Bitcoin100 on: November 24, 2011, 10:49:33 AM
I pledge 1 BTC under 2 conditions.

1)  Half-jokingly, I would like a pm to remind me to donate my 1 BTC.  By the time any of this comes to fruition, I will have likely forgotten this thread.

2)  I get to be #100   Grin
3851  Economy / Economics / Past Performance Not Indicative of Future Results? on: November 24, 2011, 10:39:32 AM
Oh no?

What genius determined the economy is a one way function?

More importantly, who are the idiots that don't understand that sometimes a system can be so complex that it's much more truthful (and, less arrogant) to simply say, "Well, past performance probably, almost certainly, IS indicative of future results, but I'm too dumb."

The economy isn't the only system in the world and it is by no means closed.  

Oh yeah, another thing...

If you're equating "past performance" with price (cross-sectional data), then this is a whole new issue.  Sometimes a market will go to $5 because it is at $2, whereas the same market would go to $1 if it is at $3.  Sometimes a price is too high and this can have a negative impact on the market for various reasons.  Conversely, sometimes a price is low, but this can have a positive impact on the market because of the context in which the price is embedded.

What does this mean?  The price you see is not a completely reliable indicator of "performance," nor is price simply an arbitrary number -- the price is established because of a multitude of factors, so the price is a reflection of these factors.  Maybe once we realize that 1) Some things are just far too complex for a human to deconstruct, or 2) that the ego doesn't like to be wrong and it likes to project ignorance onto it's environment, we will look back on the phrase in the subject heading and say, "so THAT'S why I always hated school..."
3852  Bitcoin / Mining / Re: The Ultimate Mining Environment... on: November 24, 2011, 03:54:35 AM
...is where I reside.   Midwest cool weather + a basement = a 6970 running at 73C with fan at 27%.  

The first thing I noticed as wrong, ,,, " 73C with fan at 27%"  Try adding 40 x 5850 and check back the temp/fan speed.

Heck! it is minus 10c and my windows are still wide open (kidding)

In the summer I had to keep my fan at at least 60% to maintain 73C or below.

It's hard for people who have never run 10 kilowatts of electrical equipment to realize just how much heat that produces. Even a quarter of that and you will run into heating issues. During the winter you'd have to at least have good air circulation to exhaust the heat. During the summer, you'll absolutely have to have A/C equipment, no way around it. Your situation isn't scalable one bit. Apart from that, "free" electricity is usualy a rediclous claim which can only last so long before you're "found out." Nobody would want to risk that.

It's not scalable because nobody makes a really really huge 6970  Undecided
3853  Bitcoin / Bitcoin Discussion / Re: What is the point? on: November 24, 2011, 01:18:19 AM
I have been using bitcoin for a little over 6 months now, and I have decided to label the entire thing pointless. First off, at the time being, mining is impossible to be profitable, so that is off the table for earning bitcoins. All the investments you made went to shit after the bitcoin crashes back in july and august. Bitcoins went from 30 dollars to 3, in a matter of moths. That is a 90% loss, over 4ish months. Even if you can get bitcoins at a good value, what the hell are you going to do with them. The selection of marketplaces that accept bitcoins is so slim, that it is just not worth it. That is if you can keep your bitcoins, which some companies (MyBitcoin) cannot seem to do very well. So my question, Why are you staying here, and supporting this dead, useless, unprofitable, currency known as bitcoin?

Thanks,
macintosh264

Well, if profit is your game, down markets are just as great if you know what you're doing.  I've been able to profit 600% since the time AFTER the Gox hack.  I invested in a down market and have been doing splendidly.

But, that is irrelevant.  Your entire premise seems to be based on the idea that Bitcoin is about profit.  The entire thing is only a few years old...what do you expect to be able to buy with it?  Regardless, the number of available items for purchased has exponentially increased in the past year.

I'm also not sure why you need MyBitcoin to hold onto your Bitcoins.  Protect them yourself.  This may be more difficult if you aren't computer literate, but if computer illiteracy is a problem for you, then my guess is an online wallet service isn't the best option for you anyway.

I'm supporting this currency because it's not dead, its useful, I have profited and continue to do so, and because it still has the potentially to catch on mainstream.

Patience, grasshopper.  If you expect to get-rich-quick in this world, then realistically you must be either extremely lucky, ridiculously skilled, or just plain unethical.
3854  Economy / Services / Re: Introducing the Bitcoin100 on: November 24, 2011, 12:48:27 AM
Damn the chicken and egg dilemma.
Let's force a chicken, and then the egg will come naturally.

+1

...Wouldn't you need to force 2 chickens?

This is just getting obscene.
3855  Bitcoin / Mining / Re: The Ultimate Mining Environment... on: November 24, 2011, 12:46:44 AM
...is where I reside.   Midwest cool weather + a basement = a 6970 running at 73C with fan at 27%.  

The first thing I noticed as wrong, ,,, " 73C with fan at 27%"  Try adding 40 x 5850 and check back the temp/fan speed.

Heck! it is minus 10c and my windows are still wide open (kidding)

In the summer I had to keep my fan at at least 60% to maintain 73C or below.
3856  Bitcoin / Bitcoin Discussion / Re: What about a REAL Bitcoin community? on: November 23, 2011, 05:25:49 AM
I pledge to live and sustain myself in a dedicated Bitcoin community, if one is made and if the love of my life doesn't become a permanent fixture and prevent me from doing so.

Maybe she's an impermanent fixture.
3857  Bitcoin / Bitcoin Discussion / What about a REAL Bitcoin community? on: November 23, 2011, 05:19:17 AM
Here's a crazy thought I had.

So, I'm sure there are probably 1 or 2 extreme diehards lurking around here that will be seriously intrigued by what I'm about to say.  For everyone else, consider it a fun thought I had the pleasure of entertaining for the past few minutes.

I would estimate that there are a fairly large amount of people on this forum that all meet the following critera:  

1.)  They check Bitcoin everyday or almost every day  
2.)  They are invested in Bitcoin both financially and emotionally
3.)  They genuinely believe Bitcoin is an improvement upon traditional currency and believe it would be good for society
4.)  They are generally good and honest people

Additionally, I would add that these members likely have a wide variety of talents and abilities as a group.

So, how about all the people on this forum who meet these criteria liquidate all of their assets, collect their money, join together, and build their own community from scratch.  The cash from their "real world" lives could be used to establish rudimentary housing and infrastructure.  Then, Bitcoin would be used exclusively within this community.  Community members would work to collect food, keep the community area clean, sell basic products/services, etc.

While the community will (naturally) have a law prohibiting the use of fiat currency (punishable by stoning), there will be an exception in the case of paying the electric bill.  How else ya gonna mine?

If you ever wanted to see the price of Bitcoin increase, this would be chance of a lifetime!  With Bitcoin being the only legal means of acquiring goods and services, Bitcoin would be practically virtually (get it?) priceless!

Er...but what about the exchange rate?

You mean...no more fun on the exchanges?  No more rally cries while dawning donning viking hats and blowing kazoos, the smell of titanium in the air?

Now I'm all confused.  A community without Gox Live?  Fuck it.
3858  Bitcoin / Bitcoin Discussion / Re: Frustration with Investors- Why is it so hard to take Bitcoin mainstream? on: November 23, 2011, 04:42:07 AM
As I sit here in the SoHo House in lower Manhattan, I cant help but express some frustration in taking Bitcoin and its economy more mainstream. A prospective investor just left, and I'm finishing up a seed round of funding. Although I've done this before with my other companies, the ratio of prospective investors to actual investors is much higher here than in any other industry, which means I have to meet more investors than I would for another type of business. Previously, If I had met 10 investors, at least 2-3 would invest, but with Bitcoin that number is much higher.

I've come to a realization that I'm not just pitching my company, but rather pitching the whole industry of Bitcoin. Not only that, but most time spent on meetings IS explaining, pitching, and trying to have them understand why Bitcoin will become (investing with me, of course) a multi billion dollar industry.

My initial obstacles was explaining how this would grow, how can we use Bitcoin in the mainstream world? Obviously as a merchant solution the answer is simple and Bitcoin is very appealing to adult entertainment sites, gambling and eventually larger retailers.

Right, Growth. Thats the key word.

So I prepare documents and business models and explain how much Bitcoin will make, how much it has made and its mistakes and how the community has fixed them. I have to explain the MtGox hack, the mybitcoin disappearance and the legal battles we all face.

There are 'riskier' investors, and I've already secured and signed with them, but why does that have to be? Is it because Bitcoin is so new that alot of my question remain unanswered?

The point of this post is yes to voice my frustrations, but at the same time I consider this community to be shareholders in my company because your thoughts, ideas, and voices are what make up Bitcoin. You guys have been here since the beginning and no what will, and what will not work.

With that said, I was hoping to get the following out of this post:
1. Some feedback of my thoughts.
2. Advice/Tips for my next investor meeting.
3. Overall ideas of HOW you guys see Bitcoin breaking into the mainstream market.

Thanks for reading  Smiley

-Charlie




Give them a Bitcoin on the spot and have them make a transaction within 10 minutes.  Show them that it can be done that quickly and without having to get up.
3859  Bitcoin / Mining / Re: The Ultimate Mining Environment... on: November 22, 2011, 07:03:11 PM
So, the landlord would have to choose an option:  kick me out and lose $475 a month for who knows how many months, or let me stay and break even (assuming a $475/mo electric bill).  Lease is good till June and the lease agreement allows me free utilities.  By June I'll have my masters degree and will likely move out anyway.

Um I hope your degree isn't in mathematics.  Based on your scenario above it would obviously be a no-brainer to throw you out immediately.  He likely can't depends on eviction laws in your state but just indicating your scenario isn't a hard choice.

Yeah...I reread what I just typed.  I'm currently laughing at the stupidity of what I just said.

Let me recreate the scenario.  Either  kick me out and lose $475 a month for who knows how many months, or let me stay and make SOMETHING since a $475/mo electric bill is unrealistic given the capacity of electrical output.

Edit:  The sad thing is, I actually just found out today that I aced a calculus final  Undecided
3860  Bitcoin / Mining / Re: The Ultimate Mining Environment... on: November 22, 2011, 06:49:52 PM
Well, because I rent out a room in a house with 4 other individuals, I do have some advantages.

First of all, I can always deny that it's me using the electricity and it'd be very hard for him to prove it is me.  Rigs are concealable and I don't have access to the furnace since I'm in the basement -- he would likely assume that the girls living upstairs are cranking the heat in the winter, though letting them take the blame would be unethical I suppose haha.

Second, and more importantly, rooms in the basement are particularly hard to rent out because there is no easy access to the kitchen.  The house is set up so that those living in the basement need a key to access the upstairs with the kitchen.  It's basically a bachelor pad down here, and the other room was left unfilled for periods of up to 6 months twice since I've been living here.  So, the landlord would have to choose an option:  kick me out and lose $475 a month for who knows how many months, or let me stay and break even (assuming a $475/mo electric bill).  Lease is good till June and the lease agreement allows me free utilities.  By June I'll have my masters degree and will likely move out anyway.
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