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Thanks for the responses both of you.
I actually got it to work by putting "bitcoind -daemon" at the end of the rc.local file in /etc/init.d/... is that a bad way of going about it? If so, I'll give packet's script a try.
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I don't know, I'm not very high right now...
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v1.9.2 is now available in the app store with full wallet functionality enabled.
Excellent! Found it in the US store without using any special login...  EDIT: The speed is incredible too... less than a second after clicking send from my wallet on my home computer, my phone buzzed and showed me the unconfirmed transaction. Very fast! |
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I should have known. *smacks head with palm* Sold all my BTCs @ $5.11 last night.
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Use a lite client. Bitcoin is getting more and more cumbersome to run the full client. The only solution (for now) is to let dedicated servers run the software, and utilize it with a lite client.
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I think you are vastly overestimating the contributions you will receive from miners before having anything to show for it. Even if you promise them a unit for 100BTC, finding 500 people willing to pay that much money up front for something they can't guarantee will ever exist is a stretch...
I think more likely, you'd be able to find a group of investors to invest in a for-profit company in order to fund the development of the ASIC.
You may be right, but if we go with for-profit only, investors will require a complete closed-source approach. So, I envision a mixed way. Crowfunding for the initial design and prototyping, all this steps (just before ASIC manufacturing), will remain always public domain. Crowdfunders (as well as the tech team) will get company shares and some privilege buying in the first production batch . ASIC production itself, which is the most expensive part, can then be funded by private for-profit investors. It might work! Best of luck getting it going however you do it.  |
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It might even be better for MtGox to stay big. Presumably they will then be paying a lot of tax to the Japanese govt, who might resist demands from others to shut them down.
I don't think they make a large amount of money. Last time I calculated, it was less than a million over the year, based on trading volume and the fees they take. |
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Free markets are reactive, not proactive.
Is that a rule that is always fixed in space-time continuum, or perhaps people could actually change that if they started working together at least a little ? It is difficult to change human nature. Noone is really going to care until shit hits the fan since it’s not really worth worrying about it when it is so far in the future, and people believe they won’t be affected anyway. So i guess we will be waiting until "shit hits the fan" instead doing something (even something small ?). But what is the harm of actually doing something instead of sitting still and waiting until that happens ? What is the harm in waiting until it happens? Because we could do something, and we do not. Doing something could decrease the future disaster which will happen after they close MtGox. Simple: If MtGox gets shut down, I'll start using a different exchange. There's several others out there, so what's the problem?
The people who lose their money will become a problem. They will keep going around the internet and ranting that Bitcoin is unsafe because blah blah blah (which is obviously false, but still). Eh, yeah, I suppose that's a good point. Loss of BTC would be no good. MtGox should have an emergency button. In the event of a government takeover, all they have to do is execute one command and it sends all BTC of account holders back to said account holders. I think the best thing to do is just continue to encourage people to not store funds on external servers. Put the funds in your own wallet, not someone else's, and then the government can't do anything unless they come talking to you. I use MtGox to sell some of my mined coins, but I always have a sell order created before the funds even hit the account, and withdraw the funds to Dwolla as soon as the trade happens. Of course, encouraging people to use other exchanges is always good, but in practice, doesn't work well, since the trading margins are so wide on the smaller exchanges. It's not a sacrifice many are willing to make. Someone needs to make an exchange with automatic arbitration. It'll buy and sell on their own exchange, but also on MtGox's, if the prices are better. |
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Ben Milne is going to pull-a-dwolla on Ashton... And I predicted it first!  Not to take away your thunder, but that's what I meant--pull-a-dwolla not do a dwolla. Good call! http://www.youtube.com/watch?feature=player_detailpage&v=RR7kRXWQo2I#t=957sDid Ashton major in fuzzy math? I can't figure out the math here. First he says that the average restaurants makes $70,000 gross profit (his words). But only 3% of that is net profits. The credit cards charge 3.6% of the gross sales, cutting into that profit. With Dwolla, the restaurants can now double their profits. Watch the video (timestamped) to see if you can make heads or tails of what's he's trying to relay. ~Bruno~ Makes sense to me. $70,000 gross profits = 3% means that total revenue for the average restaurant would be $70,000/3% = ~$2.3M. And if they could chop 3.6% of expenses due to no longer using credit cards, then their total gross profits would rise to 6.6% of ~$2.3M, or $152,000. Hence, they could double their profits if they could get rid of those pesky CC fees. Does your equation take into consideration that Ashton was talking about $70,000 gross profit per MONTH (not year)? ~Bruno~ Doesn't really matter what timeframe is being talked about. $70,000 profit is 3% of $2.3M revenue per month or per year or per decade or per day. It's the same calculation regardless. The point I was trying to make early on was that Ashton misspoke. The $70,000 is gross sales, not gross profit. Then he mentions the term net profits. He and his investment team is investing in companies, but gets the three basic terms confused: gross; net; profit. During the interview at that point, I was watching Ben's reaction, and it looked like he at least knew the difference. He probably opted to not correct Ashton for he may be able to use his assumed lack of basic accounting to his (Ben) advantage down the road. Do the Dwolla comes to mind. Also, the average restaurant does not gross $2.3M in sales per month or year. ~Bruno~ See, I have no idea how much a restaurant generally takes in, so questioning that number didn't even come into my mind. :p I hope you my comments in replying to you didn't come across as rude, SgtSpike. ~Bruno~ Not at all Bruno! |
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Free markets are reactive, not proactive.
Is that a rule that is always fixed in space-time continuum, or perhaps people could actually change that if they started working together at least a little ? It is difficult to change human nature. Noone is really going to care until shit hits the fan since it’s not really worth worrying about it when it is so far in the future, and people believe they won’t be affected anyway. So i guess we will be waiting until "shit hits the fan" instead doing something (even something small ?). But what is the harm of actually doing something instead of sitting still and waiting until that happens ? What is the harm in waiting until it happens? |
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I wasn't expecting much for this list but since someone asked for it, I decided to make it. There is not a lot of room for estimation right now with this list, but I think the singles list provides more information especially for the April orders. People seem to be more confident now that they are seeing the "large" amount of shipments and so they not only place an order but they make it public as well. I'm sure the singles wait list also affects their business in a positive way.
I think the big one will be when BlackPropor's order of 50 is shipped. It'll be a good indicator to the public of how well they are handling large orders. In reality it's no different than all of the small orders, but people view it as a huge bottle neck.
And unfortunately, his is right before mine.  |
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Simple: If MtGox gets shut down, I'll start using a different exchange. There's several others out there, so what's the problem?
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http://www.youtube.com/watch?feature=player_detailpage&v=RR7kRXWQo2I#t=957sDid Ashton major in fuzzy math? I can't figure out the math here. First he says that the average restaurants makes $70,000 gross profit (his words). But only 3% of that is net profits. The credit cards charge 3.6% of the gross sales, cutting into that profit. With Dwolla, the restaurants can now double their profits. Watch the video (timestamped) to see if you can make heads or tails of what's he's trying to relay. ~Bruno~ Makes sense to me. $70,000 gross profits = 3% means that total revenue for the average restaurant would be $70,000/3% = ~$2.3M. And if they could chop 3.6% of expenses due to no longer using credit cards, then their total gross profits would rise to 6.6% of ~$2.3M, or $152,000. Hence, they could double their profits if they could get rid of those pesky CC fees. Does your equation take into consideration that Ashton was talking about $70,000 gross profit per MONTH (not year)? ~Bruno~ Doesn't really matter what timeframe is being talked about. $70,000 profit is 3% of $2.3M revenue per month or per year or per decade or per day. It's the same calculation regardless. The point I was trying to make early on was that Ashton misspoke. The $70,000 is gross sales, not gross profit. Then he mentions the term net profits. He and his investment team is investing in companies, but gets the three basic terms confused: gross; net; profit. During the interview at that point, I was watching Ben's reaction, and it looked like he at least knew the difference. He probably opted to not correct Ashton for he may be able to use his assumed lack of basic accounting to his (Ben) advantage down the road. Do the Dwolla comes to mind. Also, the average restaurant does not gross $2.3M in sales per month or year. ~Bruno~ See, I have no idea how much a restaurant generally takes in, so questioning that number didn't even come into my mind. :p |
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http://www.youtube.com/watch?feature=player_detailpage&v=RR7kRXWQo2I#t=957sDid Ashton major in fuzzy math? I can't figure out the math here. First he says that the average restaurants makes $70,000 gross profit (his words). But only 3% of that is net profits. The credit cards charge 3.6% of the gross sales, cutting into that profit. With Dwolla, the restaurants can now double their profits. Watch the video (timestamped) to see if you can make heads or tails of what's he's trying to relay. ~Bruno~ Makes sense to me. $70,000 gross profits = 3% means that total revenue for the average restaurant would be $70,000/3% = ~$2.3M. And if they could chop 3.6% of expenses due to no longer using credit cards, then their total gross profits would rise to 6.6% of ~$2.3M, or $152,000. Hence, they could double their profits if they could get rid of those pesky CC fees. Does your equation take into consideration that Ashton was talking about $70,000 gross profit per MONTH (not year)? ~Bruno~ Doesn't really matter what timeframe is being talked about. $70,000 profit is 3% of $2.3M revenue per month or per year or per decade or per day. It's the same calculation regardless. |
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I'm not trying to dissuade you from posting about it.. I'm just pointing out the information is functionally useless. So you know they've made it through the January orders... now what? Are there 250 singles in prep before the next person "in line" on these forums gets his shipped, or is he really the next in line? Who knows!
It's not an estimate because the data you have is completely unrelated to the data that affects shipping dates/times. I mean, I guess you can call it an estimate, but when you have only 25% o the available information (and I am being generous), the estimate means very little.
I mean.. I "estimate" that the block rate difficulty will be 1.75 million in 3 months, but that estimate is really meaningless, since very little of the variables are known at this point.
I guess we have different takes on what a meaningful estimate is then.  It's better than nothing, that is all I am trying to say. If they make it through February and March orders at the same pace as January orders, then I could expect my singles to arrive near the end of May. If they don't make it through as quickly, then maybe June or July. But at least I have SOME idea of when I might be able to expect them. If the list wasn't here, I would have no idea whether to expect my singles tomorrow, or 5 months from now. With the list, I can kind of judge how quickly they are getting through the current orders, and make a reasonable guesstimate as to when I will receive my order. And that guesstimate will only get more accurate as they start shipping orders closer and closer to mine. It's not a 100% sure thing, like you said, someone right before me could have ordered 1000 singles, who knows. But it's a best guess. It's better than nothing. It's a reasonable estimate. |
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@GroundRod - I agree with you about not trusting any other institution. I hold all of my BTC myself, and I don't give any company my wallet for backup, encrypted or not. I only send BTC to MtGox or other websites when necessary to transaction on them, but I never store coins longterm with anyone but myself. Do you not understand that EVERY SINGLE Bitcoin-based service does this? It is flawed and can be used by those in control of said system to accumulate funds for what ever purpose it so chooses, i.e. to make daily market trades of buy low sell high for profit; to fund an account and accumulate a quantity sufficient enough to crash that market. They can generate multiple addresses, n% of transactions per day, mixing them in with the legitimate transactions, so that after collecting deposits pay n% to n% of addresses which they have exclusive control over. As deepceleron pointed out, your expectations are about as ridiculous as wanting to get the same coins and bills you deposited back from the bank when you withdraw. deepceleron paraphrased in hyperbole my hyperbole, poking in fun at me. You can withdraw this comment if you want. So, how else do I monitor my Mt. Gox address to find out if my password gets "hacked" and some "hacker" dumps my funds to crash the market. (When reading this use hand gestures to simulate quotations and assume I have millions in a single Mt. Gox Account.) If you don't trust MtGox to be able to give you back what you deposited, then don't deposit with them. It's really that simple. They have no obligation to show that the coins you deposited are still there - only an obligation to give you coins equal to your account balance if and when you request them. How do you monitor your MtGox account? Well, you could log in and take a look at your account... or build an interface to the MtGox API that alerts you any time a buy or sell order is generated on your account. Etc, etc. And your first point is ridiculous. There is no reason that MtGox would need to transfer coins between their own addresses to crash the market. You don't "own" any of the addresses on MtGox. They aren't your addresses - they are MtGox's. If MtGox wanted to crash the market, they could just magically make buy orders disappear. Or they could "sell" a bunch of coins they don't even have. Remember that no transfer of coins actually happens when a buy/sell order is executed on MtGox - it is only trading "virtual" Bitcoins between user accounts. In other words, it is only adjusting account balances in it's database, without actually moving any BTC anywhere. When a user withdraws BTC, that's when it will actually create a new transaction in the Bitcoin blockchain! And that is why attempting to monitor the addresses you deposit to in the blockchain will get you nowhere, and tell you nothing. |
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But measuring actual ship times are a measurement of past performance and are already a known quantity. Who cares that you received your unit in 7 weeks, 3 days and 14 hours? It matters little. The point of tracking it is to estimate future ship times, and as you said, it's not really useful for that, since only a fraction of the orders are reported here.
Just because they got a blob of orders shipped out to people who posted here and you are "next in line" for orders that are posted here doesn't mean there's not 75 singles ahead of you in line, that aren't reported here. That was my point.
That's why it's called an estimate. It's certainly better than nothing, which is what we would otherwise have. Right now, we know that they've basically made it through all of the January orders. We wouldn't know that if this list hadn't been created. |
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http://www.youtube.com/watch?feature=player_detailpage&v=RR7kRXWQo2I#t=957sDid Ashton major in fuzzy math? I can't figure out the math here. First he says that the average restaurants makes $70,000 gross profit (his words). But only 3% of that is net profits. The credit cards charge 3.6% of the gross sales, cutting into that profit. With Dwolla, the restaurants can now double their profits. Watch the video (timestamped) to see if you can make heads or tails of what's he's trying to relay. ~Bruno~ Makes sense to me. $70,000 gross profits = 3% means that total revenue for the average restaurant would be $70,000/3% = ~$2.3M. And if they could chop 3.6% of expenses due to no longer using credit cards, then their total gross profits would rise to 6.6% of ~$2.3M, or $152,000. Hence, they could double their profits if they could get rid of those pesky CC fees. |
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Why not just have people make payments to offline addresses. When they fill in their shipping address there is an extra box for the bitcoin address they make the payment from. This way MyDoodads.com can verify the payment via the blockchain by using a PHP spider on blockexplorer from an alternate internet connection. Totally automated and hacker has no access to the stores offline wallet. Evil hacker can deface the site, load an exploit pack onto the site to attack vulnerable users but can't steal any money because no money goes through the site. Stealing names and shipping addresses has no immediate compensation reward unless I'm selling some shady or embarrassing products.
Not bad... |
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