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4341  Economy / Speculation / Re: oftopic reply about bitcoin/litecoin reply from another thread on: November 01, 2012, 01:01:01 AM
Bitcoin is litecoin. Litecoin is bitcoin. They are the same thing, except Bitcoin is more supported.

Technically you are correct.  That may be the best kind of correct, but he does have a point about reputation.
4342  Economy / Service Announcements / Re: Let's have a little fun then, shall we. on: October 31, 2012, 03:04:35 PM
So we are paid Nov 5th?

Remember, remember the 5th of November.

I forgot, what about the fifth of november?

http://bit.ly/QUndPa
4343  Economy / Service Announcements / Re: Let's have a little fun then, shall we. on: October 31, 2012, 05:11:12 AM
So we are paid Nov 5th?

Remember, remember the 5th of November.
4344  Economy / Service Announcements / Re: bitfloor needs your help! on: October 31, 2012, 12:41:07 AM
To roman: please distribute 1 btc to all users so we can use it to provide liquidity on your exchange.

LOL, that's over half of what I'm owed, so I would withdraw it.

fine .1 btc. I'm not sure how many users there are but some reasonable amount per user.

How about an enhanced rebate for offer providers that comes from their on hold balance?
4345  Other / Off-topic / Re: Hurricane Sandy on: October 31, 2012, 12:35:17 AM
no, no I haven't lol. I've only lived in Florida, California, Maine, Iowa, and now New York.

I used to live in Brevard County, FL.  I sometimes miss the ocean, but now I'd also miss the snow if I left.  Hurricanes are different here for sure, but they still can be a big deal.  Hopefully this one being frozen will slow the flow to the streams.  These hills funnel a lot of water up to Pittsburgh then back down the Ohio river.  It wasn't that long ago Katrina flooded my high school's football field with 6 feet of water. Oh, and it was 19 feet above flood the flood plain.  If it warms up too quick we could be in for trouble.
4346  Other / Off-topic / Re: What do you do with a flooded car? on: October 30, 2012, 09:18:58 PM
Hose it down in tap water, inside out, or it will be a rust bucket in 3 days.

Charge the battery at home while you are drying it with heaters in a  Makeshift a plastic tent. Open ECU and fuse boxes, if they are wet, rinse with tap water and dry them out, Dump the engine oil, check for water, remove spark plugs put a snippet of tissue in each cylinder to check for water. Check if air filter is wet. Good chance that it will turn over after this. Buy some vinyl spray for that new car smell, take it to a dealer or keep it.

This... unless you can get a government bailout and are okay with accepting it.

Also, a little starting fluid (or carburetor cleaner) shot into the cylinders can help with that first turn over.
4347  Other / Off-topic / Re: (Poll) US presidential election: who do you hate the least? on: October 30, 2012, 09:15:38 PM
If it were up to me, I'd change the entire system to a sortition based government. Essentially, it is government by lottery; the officials we currently elect would be replaced by random eligible citizens, sort of like jury duty. Get rid of the party system altogether, and replace it with a real sampling of the American public.

No way in hell a change that drastic will happen though.

Alexander Hamilton would agree with you, it's not going to happen. In fact he believed the House of Representatives was as far as the power of "Great Beast" should extend. He said in a letter to Thomas Jefferson about popular rule: "You're people, sir, is a great beast."

I'm going to assume Alexander Hamilton had better grammar skills than that and the quote was actually "Your people, sir, is a great beast".  I somehow doubt he called Jefferson "people".
4348  Other / Off-topic / Re: Hurricane Sandy on: October 30, 2012, 09:10:57 PM
I can't believe it was snowing in Virginia.  It's 70 degrees (21C) in Montreal right now. Usually it's the opposite.
Oh I know, I'm use to seeing snow here in NY - not in TN or WV.

You obviously haven't spent much time in WV Wink.
4349  Economy / Speculation / Re: How many bitcoins will you buy at 8$? on: October 30, 2012, 05:29:20 PM

technically, there should also be: -10, -100, -1000,....

(I tend to sell the lows)


Cheesy

The poll does state "buy" in the title though ...

Right... and to buy -10 btc is the same as to sell 10 btc.
4350  Other / Off-topic / Re: Hurricane Sandy on: October 30, 2012, 05:26:06 PM
Everything I see says that the no states have delayed elections yet and that it is up to individual states to make the call.
4351  Other / Off-topic / Re: Hurricane Sandy on: October 30, 2012, 12:50:31 PM
8 inches of snow here in WV.
4352  Economy / Speculation / Re: How to generate income for free... on: October 29, 2012, 04:03:16 AM
1. Sets up bid wall of 6k coins at $10.20.
2. Bigger fish sells 100k BTC and brings us down to $6, and we rebound to $8.
3. FAIL

no, no.
No fail at all here. The Ask wall is still there and all the smaller ask orders used for such a money making scheme are also still there. All the manipulator has to do is to wait for the market to come back to reap the revenue. And while doing so, the manipulator might even construct another "system" of paired orders in between to make even more money. All he needs is liquidity. And someone who can move walls of the size we saw the last days does have lots of liquidity.

Yuhfhrh is right. It only works if the market stays above the bid wall. Otherwise, you will lose money.

"All the manipulator has to do is to wait for the market to come back" -- You assume that it will come back, and you will lose money if you are wrong. Let's say you set up your walls when the value hit $15 3 months ago. You would be out a lot of money right now.

"All he needs is liquidity" -- you mean all he needs is an infinite amount of money.


I think we just saw an example of how the system could fail. Mr M just bought himself 8000 btc

I would consider owning 8k BTC a win no matter what the short term may bring.
4353  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: October 29, 2012, 01:58:34 AM
But each spike is a either new miner or an old miner Up-ing their rig
Huh  Huh Joking, or what? It's variance in luck, not in hashpower.

It's not variance in luck.. its difficulty rising due to increased total hashing power of the network

so ya, when this goes up it because of new miners and old miner Up-ing their rig


The fluctuation that was pointed out was small enough to be attributable to luck.
4354  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: October 26, 2012, 06:12:23 PM
Paging Dr. Prouhon.  Your single digits have returned.
4355  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: October 26, 2012, 12:17:28 AM
Adam, lay of the drugs. lol

Drugs are bad m'kay.
I smoke 2 joints in the morning
I smoke 2 joints at night
I smoke 2 joints in time of peace, and 2 in time of war
I smoke 2 joints before I smoke 2 joints and then i smoke 2 more



You skipped a line.  Between night and peace you should have "I smoke two joints in the afternoon, it makes me feel alright"
4356  Bitcoin / Mining / Re: DIfficulty for sha256's stagnant? on: October 25, 2012, 07:16:50 PM
not that slow though

The last difficulty jump was minuscule, and the jumps have been decreasing since at least August.
4357  Bitcoin / Mining / Re: DIfficulty for sha256's stagnant? on: October 25, 2012, 06:34:49 PM
Hashing power growth has been slowing for some time now:



I doubt we'll see much more growth before ASICS hit, then we will see a huge jump.
4358  Bitcoin / Bitcoin Discussion / Re: Time for some good news, BTC Userbase (Full Nodes) grows again. on: October 24, 2012, 06:40:10 AM
He may be referring to the lack of a continuation of the uptrend.
4359  Economy / Speculation / Re: I do believe bitcoin price will boom when we switch from GPU to ASIC mining on: October 23, 2012, 10:51:07 PM
The history shows that difficulty follows price, but asic miners are the top serious gang of miners that don't need to cash out on a monthly basis to cover running costs. They will sit tighter on their coins than the average miner does now. However the Market size now is big enough not to be influenced much by miners cashing out.

The coming block halving have stopped the inflow for some time now, and we will see a reaction to that around the transition to 25BTC. If it is a correction, or a major dump, time will tell.

I disagree. If someone has just invested thousands or maybe even tens of thousands in Asics, he will sure as heck try to sell as soon as possible for the highest available price, especially if he knows more Asics are going to show up real soon wanting to be paid off as well. Perhaps they don't need to cash out on a monthly basis anymore, but they need to cash out as much as they can once they get the hardware. They will not sit tight unless the price falls like a rock, and even then some will cling to panic selling.

Agreeing with this.  Maybe if ASIC miners recoup their initial investment in the machines then they might sit or buy more hardware.  But then you're looking at the GPU race all over again. 

What if they wanted to buy bitcoins, but they realized it is cheaper to mine them?  No need to recoup hardware costs in that scenario.
4360  Other / Off-topic / You know what the best part about UDP jokes is? on: October 23, 2012, 09:02:59 PM
I don't care if you get it or not.
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