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4081  Bitcoin / Bitcoin Discussion / Re: Statement about the suspect of recent Bitcoinica hack on: July 27, 2012, 07:32:55 AM
Come on, people.

Hasn't anyone seen "Fight Club" or "The Usual Suspects" ?

Zhou Tong is Chen Jianhai.
4082  Bitcoin / Mining / Re: After 8 months and 231 bitcoins... on: July 26, 2012, 08:38:52 PM
FWIW, I'm at ~3 BTC per day w/6-7GHash/S pool-hopping with Bithopper across Bitcoins.lc, DeepBit, and MTRed as my backup.
4083  Economy / Economics / Re: How much do you value your credit score? on: July 26, 2012, 08:26:20 PM
What are the negative ramifications of being un-score-able ?

I'm extremely fortunate, in that my wife and I are double-income-no-kids, and each have top-rated credit scores. I grew up in a culture of fiscal responsibility, mostly because of a family banking-industry history, so it is with a large degree of naivety that I make this honest inquiry.
4084  Economy / Economics / Re: How can PirateAt40 not be a Ponzi Scheme or otherwise damaging Bitcoin ? on: July 25, 2012, 11:55:39 PM
Actually... <SNIP>

</thread>

 Thank you again.
4085  Economy / Economics / Re: How can PirateAt40 not be a Ponzi Scheme or otherwise damaging Bitcoin ? on: July 25, 2012, 07:32:18 PM
My post was intended to be educational rather than sarcastic, I welcome new members here with genuine questions. I cannot offer you a Google education on what he is doing, because nobody knows for certain how he is doing it. Rumors on this board abound... he is the clearinghouse for Silk Road funds, he is laundering money for the Russian mafiya, he is selling controlled substances paid for with bitcoin proceeds, he is the Grand Master of All Arbitrageurs and controls massive bot trading on all exchanges... take your pick. All are equally speculative, and each caries its own merits, and laughable guesses.

 Thank you for this summary. I had seen mentions of some of those theories on IRC and on BTC-E chat, but nothing as collected as your list.

 I do not plan on investing in any funds - I'm a miner and that's my investment there.

 I should have rephrased my initial question a bit; I'm not really concerned about Pirates activity damaging Bitcoin per-se, more like tarnishing it's image if his scheme collapses, in the same way I guess the Bitcoinica and prior MTGox hacks had "tarnished" the image... as if outsiders would say "Oh look at nascent Bitcoin and it's growing-pains with this latest bout of scamming thievery..."
4086  Economy / Economics / Re: How can PirateAt40 not be a Ponzi Scheme or otherwise damaging Bitcoin ? on: July 25, 2012, 02:00:48 PM
Another thread about the same old theory?!?  Why not just add your two cents to the dozens of other threads claiming the same thing?

 Apologies for the topic-necro then. Didn't mean to rustle anyone's jimmies.

 I was hoping for some responses like "No, it's not a ponzi, or damaging otherwise for this, this and this reason..." or "His market moving and pricing manipulation is nothing to worry about."

 I'm not trying to claim anything; merely try to gain an understanding of how he works and which mechanisms he is employing to maintain his payouts.

 Sorry, I'm a bit new to these forums (mainly reading the mining sections), it's only recently I've taken an interest in the long-term economic aspects of BTC, and became curious after watching pirate in action on IRC and reading the ensuing chaos (... and it was my first time visiting the IRC chat. What a show !)

 In retrospect, I should have fully digested the Economics subforum before making this query, but I don't have the time at the moment. Again, apologies for the topic-necro.
 
4087  Economy / Economics / Re: How can PirateAt40 not be a Ponzi Scheme or otherwise damaging Bitcoin ? on: July 25, 2012, 06:18:36 AM
In addition to giving it some thought, you might want to give it some actual study.  There is a considerable body of work out there reviewing and discussing what he is doing, you would be well served to read up before starting a new thread with baseless fears.

 Respectfully, not sure if this post is sarcasm or what, but if you could kindly point me in the direction of some Google search or Forum queries I should run, I'd be happy to read up further on any studies.

 I'm not sure which studies you would be referring to.

An awful lot of folks are depending on pirate, and a whole lot of market cap is tied up in his schema.

Again, not sure if this is sarcasm or not. I'm merely trying to understand how his "schema" works.
4088  Economy / Economics / How can PirateAt40 not be a Ponzi Scheme or otherwise damaging Bitcoin ? on: July 24, 2012, 05:39:26 AM
I've been giving some thought to how he's able to continue the payouts he's making, and something doesn't add up.

It seems like a classic Ponzi, but with his recent activity of market moving, something more sinister and damaging seems afoot.

Something is rotten in the state of Denmark.
4089  Bitcoin / Hardware / Re: Solar Flare on: July 16, 2012, 03:41:41 AM
Ok, I know this is tinfoil hat ON, but how could one protect their FPGAs from toasting if theres a big solar flare? I mean some of our rigs are really expensive!

 If we're hit by a big enough solar flare to affect your FPGA, your FPGA getting toasted will be the least of your concern.
4090  Other / Off-topic / Re: Diablo Mining Company will never buy Butterfly Labs hardware on: July 09, 2012, 03:33:51 PM
endorsing and organizing gambling ?
How is this any different from say "bitcoin speculation"?

It's not. So much for thinking we should hold moderators to a higher standard.

</high-horse>
4091  Other / Off-topic / Re: Diablo Mining Company will never buy Butterfly Labs hardware on: July 09, 2012, 02:12:47 PM
This is an insurance product that will pay out either in the situation that BFL ships 25 units, or that they do not ship 25 units, depending on which insurance you buy.

 Great. So if it wasn't bad enough that some moderators seemingly have no sense of objectivity, we now have a moderator endorsing and organizing gambling ?

 Diablo, it's time to step down. Your jimmies are way too rustled over all this BFL stuff.
4092  Other / Off-topic / Re: Will the CGMINER developer get a loaner unit from BFL? on: July 08, 2012, 05:58:37 PM
the original (BFGMiner) is still better. Wink

 Better watch out. Jesus doesn't like prideful statements like this.
4093  Other / Off-topic / Re: Diablo Mining Company will never buy Butterfly Labs hardware on: July 07, 2012, 05:32:29 PM

Oh, that reminds me...
I wonder if they'd be willing, in addition to the coffee warmer, make one with 2 or 4 asics in it, that doubles as a hot-air popcorn popper... .. .

 Or I'm sure a ceramic-coated, PFC-free, metal pan would act as a pretty tremendous heat-sink for use as an oil-based popping solution.

 Either way, I think you are onto something with ASIC-based popcorn makers.

 I would buy at least one Wink I'm sure the guys over at /r/subredditdrama would buy them in droves.
4094  Other / Off-topic / Re: Diablo Mining Company will never buy Butterfly Labs hardware on: July 06, 2012, 12:50:48 AM
Diablo, dude, I love your mining software, I use it, but man you come off as sour-grapes with this post, and being overly melodramatic given the fact you are a moderator of these forums.

What's the going rate for 0.5mg of Xanax on SR ? I might suggest placing an order for one and calm down.

EDIT: Shit dude, I will GIVE you the BTC for 0.5mg of Xanax to calm down. Please don't flake out on us.
4095  Other / Off-topic / Re: Will the CGMINER developer get a loaner unit from BFL? on: July 01, 2012, 06:59:33 AM
P.S. Kano is trolling and a liar, just ignore him

Do you deny having private code that increases performance, you are using it, yet you refuse to publish it because it would give BFL an out not to "properly" fix an apparent issue with interrupting stale shares ?
4096  Bitcoin / Mining speculation / Re: ASIC as a 51% "weapon"... Mmmm... I don't think so... on: June 26, 2012, 04:28:30 AM
http://www.youtube.com/watch?v=5hfYJsQAhl0
4097  Other / Off-topic / Re: BitForce SC - Pre Order List on: June 26, 2012, 03:43:42 AM
Might be nice if they made the page refresh itself automatically, to spare me the heart attack. ;-)

Are you using Chrome perchance ? I almost missed the small popup in the bottom right of the browser window telling me the page had changed, and to click the reload button; not sure why it didn't refresh automagically.

Edit: Chrome v19.0.1084.56, Mac, Adblock installed
4098  Economy / Marketplace / Re: ["WAIT LIST"] BFL SC Order Dates / Ship Dates on: June 26, 2012, 03:25:54 AM
6/25/2012, Order #2158, Trading in my current single for a Single SC
4099  Other / Off-topic / Re: I'd be treated with more respect if I paid 18K at a car dealership. on: June 26, 2012, 12:04:35 AM
...like a payment plan or something...

 Respectfully, how many hardware manufacturers do you know offer payment plans ?
4100  Other / Off-topic / Re: BitForce SC - Pre Order List on: June 25, 2012, 09:16:35 PM
Thank you for your interest in our products. As we speak, we have a backlog of about 200 emails. We process them as fast
as we can

 Just as I suspected Wink Nothing sinister.

 Thanks a bunch for the response, and really looking forward to your new product line !
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