link that shows SDR's are valued at $42.22 per troy ounce of internationally earmarked gold. link: https://www.federalreserve.gov/releases/bulletin/1208assets.htmstill doesn't tell us what an SDR is.. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Here is some allegory on the power of a clearing house. Add in pure fiat and any economy can be turned around in a matter of weeks!
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Yeah they came out with a credit card recently that allows you to pay in local fiat anywhere while drawing from the digital money account. Of those who have tried it I heard good feedback so far!!!
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Hi guys, I am joining the post a bit later than intended, but I was wondering if you had any view on the BW-L21 vs. the L3+?
Having read a lot of reviews from (individual) customers, it seems that Bitmain doesn't really spend time with orders for individuals, and only provides proper support for large orders. Is that conclusion correct?
I have come across largely positive reviews for the BW L21s though, so until I saw this thread, I was considering buying from them, because I can justify higher cost if their service and shipping is reliable. Any thoughts would be much appreciated! I am considering spending my savings on this (2k USD is not insignificant).
Thanks!
I had flawless transactions with bitmain but I did not require any customer service. I just made my order then paid then waited and the stuff arrived 1 month earlier than stated without and communications needed. I have not purchased any machines from the other company yet.
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Bitbobb, You were referring " bancor" as the academic predecessor of Special Drawing Rights. John Maynard Keynes and Ernst Friedrich Schumacher proposed the concept of supranational currency - bancor, that would replace gold in international trade. It was intended as an unit of account to value and clear trade flows, through the multilateral clearing system - International Clearing Union. Each nation would have a limit of bancor, corresponding to its share in global trade. The scope of bancor was to achieve balanced trade among countries and enforce multilateral economic relations - going from bilateral relations to economic regionalism. At that age, bilateral relations were represented among colonies and the metropole (United Kingdom or France) and the ICU implementation would have brought globalization faster. Gold could have been exchanged for bancor, but not vice-versa. Bancor was never meant as value of store, like physical gold. Export increases the bancor balance, import - decreases and the mechanism incentivizes a zero balance: the surplus would have been partially held/retained to the ICU Reserve Fund and the deficit would have led to devaluation of the national currency, to become export-competitive and bring the balance back to zero. Rather than being fined, a country would boost its export or import. It supposed fixed exchange rate between bancor and each national currency. The rate would have been revised when the country crossed the limit of bancor - surplus countries should appreciate the currency, deficit countries - depreciate the currency. Similar to actual IMF, indebted countries would be under severe financial discipline. Unlike the actual IMF, wealthy, surplus nations would also be under scrutiny and required to implement tight monetary policies. Multilateral Clearing (Economica Journal, 1943): http://www.centerforneweconomics.org/documents/copy-e-f-schumacher-multilateral-clearing-economica-new-series-vol-10-no-38-may-1943-pp-15Wikipedia: https://en.wikipedia.org/wiki/Bancor, https://en.wikipedia.org/wiki/International_Clearing_UnionMy opinion: IMF has a broader scope than ICU would have had. From my POV, IMF focuses more on financial stability rather than trade balance and emphasizes the role of international capital flows. IMF decisions are political decisions, because the SDR is an instrument of higher flexibility than bancor would have been and the strong bends rules to favor him. I tend to see bancor as a self-adjusting mechanism (even a smart-contract), where the decisions are made upon economic performance, not political influence. It is unclear how would have changed the total amount of banco in response to global GDP increasing. Each country needs higher limit to meet increased export/import volume - either new bancors are issued according the global trade % increase, or each national currency buys less bancor, i.e. bancor become more valuable. Another sweetspot of bancor for libertarians would be the detachment from any government money. Bancor would not depend on one or 5 currencies. On one hand, ICU and bancor would have smoothened the income inequality among nations. On the other hand, it would have limited credit issuance and I strongly consider credit a good for the humanity. Debt has a lot of negative consequences when mishandled, but it also drives progress - allowing for expansion and setting higher goals to attain. No not talking about bancor.
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yeah... Bitbobb answered me in PM. Evidently, I made a false claim about the origin of the SDR. Accordingly, my answer was deemed unworthy. I wasn't clear that the origin of the SDR was a necessary part of the answer, but I'm fine with the outcome. Bitbobb's challenge, Bitbobb's rules. Thanks tho. (hey look - I'm a TLD!) XD "when first inquiring [into] a thing start with the name" the name: SDR = stands for special drawing rights from there we need more info. Origin would be a perfect answer I also will accept historical references that predate formation of the UN for lesser credit.. lol. the UN will tell you they were invented in 1969. This is false. Therefore any further discussion gets muddied if begun from a false premise.. I will release the history on SDR along with related documentation very soon if no one nails it. But let me take this opportunity to point out a small irony: bitcoin core dev trolls will tell you that seg wit coin is bitcoin just like the UN will tell you SDR was invented at the 1969 bretton woods meeting. some core trolls will tell you that satoshi's paper needed re-write lol. Whereas the UN simply wipes the internet of any reference not to their liking ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Do they not know that a superior academic idea can supplant an inferior one? Instead they will destroy a previous innovation and keep the name on the paper to fool future users? That is called fraud. An inquiry into a thing properly begins with the name. However it does not end there.. the nature of the thing is also important to final understanding..
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Bitbobb, So far 2 people have answered you about SDRs: http://jbreherhttp://meI am waiting for my BCH to buy a coffee and some muffins. Wish Roger Ver's shop sold RAM for desktops, I'd spend the prize there ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Thank you for participation. really thank you!! However none of the answers are correct thus far and I never agreed to reward participation only the correct answer. The un did not invent SDR's unlike the popular myth they post everywhere.. I knew this topic was hard to find answers to using any modern internet search methodologies. Unless you studied this topic a long time ago or know how to offline research then it will be hard to find.
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I used to mine at Nicehash.
I'm now mining at Prohashing.com
to tell you the truth...I'm not sure if www.prohashing.com now is doing any better than www.litecoinpool.orgat 101% payout and no fees. using this calc (which has 101% built-in) www.litecoinpool.org/calcWith bitconnect no longer a POW coin and everyone piling into LTC...it may be a draw! I used to make 15% to 20% more a day on prohashing..but them days seem to be gone .... Yeah it is all changed now that LTC price went up big time. I might look at my strategy again and go mining LTC. again..the only way to really test this is take an L3+ on each and compare....but too lazy..... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) may have to re-think this as well...still on PH so if it is oranges and oranges between litecoinpool and prohashing I will likely stay with prohashing...my bet since sept 2017 was ALL my miners x11 / scrypt-pow all paid out 100% in LTC....damn..I nailed that what freaks me out about LTC proportionally and historically LTC price to BTC price it could go over 1,000 usd per LTC and still not break that framework arrangement at 17k btc! befuddled as usual on what the hell is going on (normal operating procedure last 4 years...you'd think I'd get used to this and adapt!. I think you just admitted that you are human Not a terrible thing!
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I see that several people get their trust level downgraded to negative if they criticize BTC.
What's up with that? Is this supposed to be an echo chamber?
Yes. Theymos declared this statement of guiding principle some months ago. Hmpff - looks I'm a lame goose - not gotten any decoration yet... Maybe try to use less words over 9 letters each so the core devs and Lauda can understand you.. ; here is a large platinum coin for you; And just know you are our blood brother with red ink till the end even if the bct overlords have omitted yours! you know many a genius has described the moment of their idea as like a mental flash of light;
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Is there another wallet I can try. I have several xrp and I would like to access them. I also would like to buy more. Please advise how to do this another way. Since I have the private and public key as well as other info from the payroutes wallet I should not have any problem to do this I am told. Please advise. I will share some of the coins with who ever can provide the instruction that gets my xrp back. Thanks!
You can try jatchili's minimalist Ripple client or the old Ripple desktop wallet (if you can find a copy of it somewhere). I found it and negative function Would there be a way to recreate it if you have the wallet name, pass phrase, and address? As it turns out I may have been given a client wallet and not the master wallet since ripple has this bs built into it. I think that is what payroutes did to me. So I need to find them and of course they are gone from business. Payroutes webpage was still up as recent as a few months ago but no response. I even have their old support email and no response. yes I have the passcode, private and public "keys", email I signed in with etc. the good news is I only put 20K ripple there
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ROFL the price of this asic is just stupid $2500 when bitmains l3+ is 1593 right now, not worth it to buy this bw-l21 asic
You have to wait a bit for Bitmain, but you're right, the L21s are WAY overpriced for what you get IMHO. Hyperbit lost our shipment (along with others) and was a month late. So, ordering the high priced L21, really wasn't worth it compared to Bitmain. At Bitmain recently, we've had orders verified in 15 minutes, shipped before schedule and next day customer service. At Hyperbit, we were refused compensation (although promised) and/or shipping refund for the month late order unless we ordered again! Lol. I have had a recent order arrive 1 month earlier than expected from antminer! Great, isn't it? Hyperbit's view that Bitmain's service is awful seems to be a difficult argument to support, especially when they cannot provide even location information for shipments. I think eventually there will be some competition.. just not today.. The best thing about the L21s is that they run very cool. There's no adjustment for the fans though. One speed only and that's about 7,000 RPM. Is the fan loud? The l3+ fan is very quiet..
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Is there another wallet I can try. I have several xrp and I would like to access them. I also would like to buy more. Please advise how to do this another way. Since I have the private and public key as well as other info from the payroutes wallet I should not have any problem to do this I am told. Please advise. I will share some of the coins with who ever can provide the instruction that gets my xrp back. Thanks!
You can try jatchili's minimalist Ripple client or the old Ripple desktop wallet (if you can find a copy of it somewhere). I found it and negative function
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Hi I am having the same problem, the key that came with my address provided through Rippex desktop wallet appears to include only valid characters listed above but it continues to tell me that the key is invalid and I can't open it elsewhere or create a new wallet within the desktop app. Receiving the same response on the minimalist client, this is the key I was provided with when prompted to check, I wrote it down twice independently of one another to make sure. Was there any further thoughts here?
I am still unsuccessful. Hearing your story gave me hope that maybe it is just their wallet. Please keep us updated. I have no update. The guy Joel was responding but after I did everything he suggested he just ran out of ideas and said it is weird. Yup 14 Billion dollar company.. and it is weird I lost all of my ripple. I lost at least approx 20K ripple
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Can you tell me more about the team?
Roger Ver is the main person who is pumping this coin and creating a lot of confusion just using the domain bitcoin.com where is the confusion? I think a lot of the actual confusion comes from the fact that many people in this space did not need to know what was involved in the security of the coin. They could be a dev, buy the coin and mine it all without understanding what problems it solved, how, where and why.. Therefore we see these bitcoin experts coming here to tell us what they are confused about still. To them it is all about price pumps etc. etc. they do not understand that bitcoin is revolutionary simply by being p2p electronic cash
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ROFL the price of this asic is just stupid $2500 when bitmains l3+ is 1593 right now, not worth it to buy this bw-l21 asic
You have to wait a bit for Bitmain, but you're right, the L21s are WAY overpriced for what you get IMHO. Hyperbit lost our shipment (along with others) and was a month late. So, ordering the high priced L21, really wasn't worth it compared to Bitmain. At Bitmain recently, we've had orders verified in 15 minutes, shipped before schedule and next day customer service. At Hyperbit, we were refused compensation (although promised) and/or shipping refund for the month late order unless we ordered again! Lol. I have had a recent order arrive 1 month earlier than expected from antminer! Great, isn't it? Hyperbit's view that Bitmain's service is awful seems to be a difficult argument to support, especially when they cannot provide even location information for shipments. I think eventually there will be some competition.. just not today..
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Or read up on things not clearly written by amateurs Protip: Satoshi was an amateur currency designer. Satoshi wrote the white paper a technical proof of concept but also admitted there were some issues he did not write a bible a holy law that must me abided by If you guys think Satoshi was an amateur, why didn't you create the first cryptocurrency? Satoshi wanted miners to get a reward for running the nodes for the network. that a genius concept..
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ROFL the price of this asic is just stupid $2500 when bitmains l3+ is 1593 right now, not worth it to buy this bw-l21 asic
You have to wait a bit for Bitmain, but you're right, the L21s are WAY overpriced for what you get IMHO. Hyperbit lost our shipment (along with others) and was a month late. So, ordering the high priced L21, really wasn't worth it compared to Bitmain. At Bitmain recently, we've had orders verified in 15 minutes, shipped before schedule and next day customer service. At Hyperbit, we were refused compensation (although promised) and/or shipping refund for the month late order unless we ordered again! Lol. I have had a recent order arrive 1 month earlier than expected from antminer!
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Central banks around the world are aware that the international monetary system is moving away from the US dollar and that the role of cryptocurrencies will become much greater in the future. However, sudden shocks could bring the global economy into free fall. Therefore, central banks will have no choice but to accumulate crypto reserves. Goldcoin (GLD) is ideally suited for use as a reserve currency by central banks because it's built on the original Nakamoto protocol and has been fully hardened by our 51% defense system. -- Goldcoin (GLD) could potentially become the new reserve currency of the world: https://en.wikipedia.org/wiki/Gold_reserveI guess this is a good time to ask my still unanswered trivia question. Does anyone here know what SDR is? lol the correct answer will win some BCH from me. I reserve the right to send any amount I wish based upon quality of the answer.. I already answered you back when you asked that question a couple weeks ago. It was within a couple posts of your asking. You never even acknowledged that I posted. You want me to dig it up for you? You answered but not correctly. The IMF loves you to think they invented SDR... LOL
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