I don't use any external analytics software. I analyze visits myself, unless the user has DO NOT TRACK set in their browser.

Bitcoin is always able to do that. But if the law says so, and a transaction is possible to track, then doing it is illegal and should not be done.

Look, I'm all for less government regulation. I'm a libertarian politically, and I oppose any financial barriers. But Bitcoin is not for circumventing regulation. It's for transacting money across the globe quickly and inexpensively. I oppose any Bitcoin2 project because it tries to do more than that. Anything that tries to accomplish too much will end up accomplishing nothing.

This is the wrong direction. They want to take a currency and change it to a black market. There are plenty of black markets; Bitcoin is not one of them.

Transactions should be open and comply with all local laws. Taxes should be paid, because Bitcoin is a currency. Bitcoin is not a tool to avoid the law.

They can go ahead and start Bitcoin2 if they like. Maybe they'll get Silk Road to join them. But most Bitcoin users want a global, decentralized currency, not a tax haven.

North America?

Probably far less, but yes, that's the upper bound. However, it's worth mentioning that CPUs are useful for non-mining-related activities, and so suffer less from depreciation than ASICs and GPUs.

Per processor. Per core it's probably closer to 30000 MIPS and less than 100 Mhps.

It probably isn't very good. A single SHA-256 operation takes 139 instructions; 2 would take at least 278. Peak instruction rate is 177730 MIPS for the best processors, and this won't even approach the peak speed. So the speed would be far less than 600 MHz, which is hardly any better than a high-end GPU.

I notice you use Mt. Gox prices. While Mt. Gox prices used to be most trustworthy, this is no longer true. It is extremely difficult to get USD out of Mt. Gox; thus, the price on Mt. Gox is inflated because most people convert to BTC in order to withdraw. Using Bitstamp values would be more relevant, as withdrawals from Bitstamp work.

(Note: BTC-E suffers from the opposite problem. It is extremely difficult to get USD in; thus, people deposit BTC more often, so the price is lower than what it should be.)

...so CPU mining makes an unexpected comeback.

Point taken. I still find double digits unlikely, but I retract my statement that it would be impossible.

I mean "industry" as in "tourist industry". Making up 50% of industry does not mean making up 50% of GDP.


Why would the future value of ASICMiner exceed that of Bitcoin? Unless ASICMiner is expected to make forays into mining diamonds, this doesn't make much sense.

Of course not, but it's always good to have it, as some browsers do not support HTML5. With HTML5 you don't need many things: the textContent of <canvas> comes to mind. But that doesn't mean you should forgo them.

One of my posts is dangerously approaching the 65535-character post size limit of these forums (currently at 47239). Unfortunately, I made the mistake of not "reserving" a post below the OP. As I do not wish to derail the discussion by starting a new thread, I wonder if theymos has the capability to insert a post below the OP for me.

Unfortunately, it seems messages have a message number. If theymos were to insert posts, the software needs a way to order posts ignoring post number. This brings me to this query: is "inserting posts" possible, or should I start a new topic?

They have different units, so I fail to see how they can even be compared.

What I'm comparing is money supply to stock supply. If ASICMiner is valued at greater than all BTC combined is valued, then it follows that ASICMiner must have revenues separate from Bitcoin. This is not true, so ASICMiner stock will be capped.

"Play money" just doesn't work with peerbet, because there is no house! I can personally confirm that it is provably fair, however, and it has a trustworthy owner (giantdragon, who also made dailybitcoins.com and CoinURL [which has now been sold]).

"javascript" isn't a MIME type. You need type="application/javascript" or type="text/javascript".

Sorry to bump this thread, but I have a question.

The address 1BLitZGYgERqp1NUgnHLBSfEng6QmZaWKe was connected to the TORWallet theft. However, the address was primarily used for SatoshiDICE gambling. AFAIK, SatoshiDICE cannot be used to launder or mix coins. Is there another reason the thief would want to use SatoshiDICE?

1) 700000 is not exact, it's a lower bound. He likely didn't return more than 200000 BTC.
2) 1Dky is more likely to be Silk Road's than Pirate's.

Paul Kemp-Robertson's TED talk; quite informed and interesting.
First minute or so is about Bitcoin. Quite positive.

One does not simply "remove" exchange rate volatility by introducing weighted averages. Anything considered "volatile" can be tamed in this manner. Weighted averages over long periods are effective ways of determining the long-term trend. They do not measure "volatility", so this article cannot be presented as a "sober look at exchange rate volatility".

Investopedia:

Here's an extreme example to put this to rest. Look at the following chart. Is this "volatile"? Very much so.


However, once we smooth it out with averages, it seems all the volatility has disappeared:


Remember that the point of averages is to smooth out variance. Consequently, using averages to measure variance is absolute folly.