|
I'd wait until the price drops to $400, or the bitcoin price to difficulty rises considerably. If you want to invest with the hopes that bitcoin will rise in value, you would get a higher return investing in the bitcoin's rise in value directly, by buying bitcoin.
|
|
|
|
Zzzz tried to order few issues, but bitpay isn't loading....
After 5 mins it loaded  Obviously due to a huge rush to order issues because of enormous demand!  |
|
|
|
Yeah, that's it.
Anyways, is Butterfly accepting investors?
I would't invest in them. Their FPGA's are not profitable at this point. It will take 7+ months for someone with their FPGA to break even, but that's assuming the difficulty stays the same. And to stay on this thread's topic, here's a photo  |
|
|
|
We are still waiting for Goat to respond to the reply. This could have all been resolved hours ago. I wonder at this point if he is trying to drag it out and make a bigger spectacle than he has already.
I'm wondering why you are even bothering to acknowledge him using such personalized responses, instead of just repeating canned "Please acknowledge your refund agreement, and your money will be refunded immediately" messages. I don't think you guys can really say or explain any more than you already have, and at this point it's all just a protracted bitchfest. |
|
|
|
Reviewed and edited the letter a bit. The following was sent out Hi, me again.
The reason I was asking about your use of funds is because, although I am a part of the fandom that will be sponsoring and raising money for you at AnthroCon this summer (I am not affiliated with AnthroCon), I am also a part of a charity fundraising group that is trying to spread knowledge of an alternative payment system called Bitcoin.
Our group is called the Bitcoin 100. We are a group of 100(+) volunteers who are fans of the system, and believe that everyone would benefit from its adoption. This payment system allows people and organizations to accept donations or payments, instantly, from around the world, without having to pay the high fees charged by PayPal or VISA/MasterCard. The reason we are so in love with this system is because its extremely low fees and ease of use will help empower charities to raise money globally without paying high processing fees, and help people in more impoverished countries to send and receive money cheaply, internationally, without relying on banks or corrupt governments. For this to happen, though, there needs to be more awareness and acceptance of Bitcoin.
The premise of our group is that we have 100 people pledging to make a donation of at least 1 Bitcoin each (so currently between $400 and $600 total), if a charity is willing to add a "Donate by Bitcoin" option to their site. We will provide all the help in setting this up, and will gladly help with any issues down the road.
You will benefit from receiving a large donation right away, and from adding another free* way to accept donations from around the world. This may be as easy as simply adding some text to your donation page. (Receiving Bitcoin does not cost anything, but converting it into another currency may have very small currency exchange costs. We are not affiliated with any such services, though, nor get any money from them.)
We hope to benefit by spreading awareness of the benefits of Bitcoin, with the hope that as more people see it used by various charities, the more its use will be accepted by others.
Coincidentally, the furry fandom can greatly benefit from Bitcoin as well, since it allows for free online micropayments for things like buying or trading artwork. It is my hope that having you show that you accept Bitcoin at the convention will help increase awareness among our furry community as well.
Please keep in mind that in order to qualify for our donation, all that you are asked to do is add an option to your website that accepts Bitcoin donations.
Please let me know whom we could contact in your organization to pursue this further.
Thank you very much!
-- Dmitry M.
Bitcoin100
Will keep you posted. |
|
|
|
|
I am guessing something about the Butterfly Labs FPGA?
|
|
|
|
Also, is there a way to just pen an address, partially or a complete one, have it checked to make sure it's not already in use, then have a private key made for that? e.g. 1TurkeyBob1siHHu8...etc...
Regarding your second question, no, encryption is one way only. It is VERY quick and easy to make a public key from a private key, but almost impossible to make a private key out of a public key. If what you ask was possible, it would be fairly easy to take an address, such as 1BTC1oo1J3MEt5SFj74ZBcF2Mk97Aah4ac, and make a private key out of that. Obviously we wouldn't want that. So what vanitygen essentially does is pick random numbers, makes private keys out of them, and then checks what kind of public address is made from that private key. If the address is what you are looking for, you're good. If (most likely) it's just gibberish, it tries again with a different random number. The process is pretty much just like mining, where you are throwing dice millions of times a second, and instead of looking for a hash that starts with 000000000000... you are looking for a "hash" that starts with 1TurkeyBob1siHHu8... |
|
|
|
deepceleron and Rassh, you have been both very helpful. Let me quote the exact point at which I get lost, then let me know if there is any hope for me. If GPU acceleration is desired, install ATI Drivers v11.11 or newer for ATI video cards or latest Nvidia driver, test that OpenCL is working with GPU miner software. I need my clients to easily hash their own vanity address without having to purchase, let alone, install hardware and complex programs. Is this even possible? My mining rig does 530Mhash/s, consisting of two ATI 5830s, each costing $130 or so. With that, to generate an address like 1MemDea1r would take me about a month of running vanitygen non-stop, burning 430 Watts per hour. It's not cheap. |
|
|
|
I finally decided to download this simply program so that I would no longer impose upon Rassah to create my vanity addresses. I read the OP and understood it perfectly until I got to GitHub. At this point all bets were off. I continued to read this thread and finally came to the conclusion that if this is easy, I've yet to realize it.
All I want is a place to download the program. Once I have the program install, I fire it up. Once fired up, I set the parameters and press GO. A bell rings when it's done. I'll forego the bell ringing option, but why can't I do the rest with this program with ease?
The reason for asking is that I'm currently working on an idea with the core business model centered around Vanitygen and Firstbits. If I can't easily do it, how am I going to get a following to do it?
~Bruno~ (not Bruno Houdini)
It actually is fairly easy to use. You just have to run it from a DOS window. You could just ask me directly, and I would gladly walk you through it. One important prerequisite first: do you have mining hardware? To generate an address with more than just a few custom letters you need the same kind of hardware you use for mining Bitcoin |
|
|
|
One could operate a mining botnet and slowly lower the Bitcoin market price by regularly selling
small amounts of bitcoins with a declining price. As the honest miners are squeezed out, further manipulations of the
Bitcoin system are possible.
This is the part at which I realized the writer is a cryptographer, not an economist, and concluded that this article is irrelevant. Even if all of Bitcoin is mined by competing botnets it will still survive just fine. Don't forget that Bitcoin mining rewards will eventually decrease to zero, and mining will mainly be supported by transaction fees. If all the mining is done by free botnets, it will just mean that transaction fees will be able to remain low. |
|
|
|
Because they include 0 confirmation transactions and in some rare circumstances unconfirmed double spends.
Uhm, where there any double-spend "attacks" already? Ever? I guess it would only be a "two concurrent transactions are broadcasted", and wouldnt have anything to do with the blockchain at all? Ente If we are to believe Mybitcoin.com, that's how they lost half their money, with thieves stealing small amounts using unconfirmed transactions. If we are to believe Mybitcoin.com. MyBitcoin didn't accept unconfirmed transactions - they accepted single-confirmation transactions. Would that mean that there were actual double spend transactions and possible 51% attacks, or the thieves got really lucky because some of their transactions were part of a chain fork split? Or does that mean there is a higher probability that they lied? As I understand it, even with a single confirm, the chances of a double spend thanks to a block that later gets rejected, and doing this continuously, are near impossible. |
|
|
|
|
Would it be fair to say that, in light of Bitcoin, gold is no longer "value dense?"
|
|
|
|
Because they include 0 confirmation transactions and in some rare circumstances unconfirmed double spends.
Uhm, where there any double-spend "attacks" already? Ever? I guess it would only be a "two concurrent transactions are broadcasted", and wouldnt have anything to do with the blockchain at all? Ente If we are to believe Mybitcoin.com, that's how they lost half their money, with thieves stealing small amounts using unconfirmed transactions. If we are to believe Mybitcoin.com. |
|
|
|
WTF is Discover?
American Express is on a rapid decline
Google wallet is just Mastercard in Disguise.
Visa and Mastercard are the only serious contenders in the area of in-store physical payment. Did I mention that they will FUCK YOU UP?
Troll harder, noob.
Discovercard.com It's a card used everywhere in the States just like VISA and MasterCard. American Express has been "in decline" since it started. It is the only card I've seen being used in the small businesses I have worked in, because VISA doesn't even come close to the business specific services AmEx offers. Warren Buffett is also a very heavy investor in American Express. I will take his word over yours. Google Wallet is a payment method. The underlying processor doesn't matter, and I suspect the only reason MasterCard was picked was because they were the cheapest option. There is no reason that Google can say fuck you to MasterCard and go with VISA, PayPal, or Google Checkout instead. I am curious how you think those companies will, as you say, "FUCK YOU UP." What do you know that the rest of us don't? |
|
|
|
I never dealt with your company, this was all personally done with Matthew. I have no issue with your company. I have an issue with Matthew. Matthew has my coins. Matthew did not do what he said he would. Why would I sue your company? That is silly.
This goes with Rassah as well. I never delt with that company. I dealt with a person. His name is Matthew.
I will never agree that I had anything to do with this company, I only worked with Matthew.
Did you have an agreement with Matthew that he will be your representative for doing business with the company? If yes, you need to deal with the company, because they have your money and are the ones who didn't do the job you asked for. It's like you are accusing a pizza delivery man of scamming you because the pizza shop did not add the toppings you asked for. If no, then why did you give money to Matthew for magazines when he doesn't actually make the magazines, and the company does? I think you lost all privileges of working with a specific company representative when you started publicly accusing someone of doing something illegal. I don't know how this relates to the website work, but at this point the best thing you can do is email back and say "Yes, I agree, this refund will cover all my past requests and issues." Doing anything else will only make it seem as if you are just attacking Matthew personally for no reason. |
|
|
|
|
Wow, ok, talk about STUPID miscommunication/language barriers!
Chaang, it looks like you COMPLETELY misunderstood the purpose of all this, and while the rest of us understand what Matthew is asking for, you are just continuing to make yourself look bad. Here is the process that is being asked of you in as simple terms as I can make them.
Bitcoin Magazine is a business owned by multiple people. They need to protect themselves as much as possible.
You are asking for a refund.
They need a good record of all transactions and agreements, and the best thing for that is email, because there is no guarantee this forum will be here tomorrow. If the forum is the only record of this discussion, and it disappears, you could accuse them off never paying you, and they would have no way to prove otherwise.
To get a refund, they also need a recorded statement from you saying exactly what the refund is for. In your case they are asking that you confirm that the money you both have agreed on will cover everything you have asked for. That's what "absolve us of all prior commitments/contracts/obligations" means. Another way to put it is "you agree that this refund will cover everything you have asked for so far." Without this email, they can send you your refund, and you can say that this refund was only for the web site, and they never sent you a refund for the magazines. Without this second email, they again would not have proof otherwise.
TL;DR They are not scamming you, they are just making sure that both of you agree on the different specific parts of the refund. What they are doing is standard business practices, and if you say you have your own business, I strongly suggest you learn from them and follow the same methods. The only one who thinks what they are doing as "wrong" is you, and by continuing to post publicly about it you are only ruining your own reputation.
|
|
|
|
You idiots need to stop thinking about how to integrate Bitcoin into physical stores. Visa and Mastercard have that market sewn up TIGHT and will FUCK YOU UP if you even try to get into it.
*coughDiscoverAmericanExpressGoogleWalletcoughcough* Sorry, had something in my throat. |
|
|
|
|
Show Posts
