Cargo cult is imitating the actions of others in the belief that it will bring about circumstances that aren't linked to those actions. I think I see what's being got-at but I don't think it really applies. I'll have to read the buttcoin article later.

+1. It's one thing to have an opinion about how things will go but it's another to try and defend it as the unassailable truth. This isn't the climate change debate.

Sweet little overnight bonus last night

I feel walls are typically used to push the price in the opposite direction. Say the price is 100 and I want to buy some coins below that. I can put a nice big wall at ask 100.5 and then people coming in see the wall and thing that they won't be able to sell their coins if they put them behind the wall so they put them just in front, maybe 99.5 or whatever. Then I can snap up those coins at 99.5 and wait for the next punter to come along. If I am patient, I can get a lot more coins for my money than if I just bought since otherwise my buys would push the price up. As soon as my wall starts being eaten, I close it down or move it back, I absolutely am not intending to sell those coins at that price. This works in both directions.

I actually played with this a little back when bitcoin-24 was working. Managed to push the coins I wanted to sell up a whole $5 because every time I would raise the price on the ones I put up on the buy side, someone would jump in just a little bit higher. It's not without risk though.

Bottom line, do not trust the walls to mean much. They will evaporate in a heartbeat.

Well, I'm back to 13.3 Beta. Things are now working again but still the blank screen if I run cgminer plain. Looks like it's working with the -T option though.

If anyone knows how to get this working properly, I'd be grateful to know since I'm thinking this doesn't look very interactive. At least I'm back hashing, even if my evening of Bioshock went out the window

Edit: If I run cgminer on its own (where the screen is blank), I hear the fans speed up, my pool reports that I'm hashing about the rate I'd expect but all of my shares are dead.

I'm going to try rolling back to 12.8 next but I'm not holding out a lot of hope.

So then it was failing to start. So I'm back to 13.1 and now it still won't start at all... I'm kinda stuck. Can't go back.

If it means anything to anyone, here are the details

Problem signature:
  Problem Event Name:   APPCRASH
  Application Name:   cgminer.exe
  Application Version:   0.0.0.0
  Application Timestamp:   515e2852
  Fault Module Name:   StackHash_0a9e
  Fault Module Version:   0.0.0.0
  Fault Module Timestamp:   00000000
  Exception Code:   c0000005
  Exception Offset:   00000000
  OS Version:   6.1.7601.2.1.0.256.48
  Locale ID:   1033
  Additional Information 1:   0a9e
  Additional Information 2:   0a9e372d3b4ad19135b953a78882e789
  Additional Information 3:   0a9e
  Additional Information 4:   0a9e372d3b4ad19135b953a78882e789

If it's any help, poclbm is also giving a segmentation fault.

Not helping so far. I went to 13.1 then 12.2. Things seem to just be getting worse.

Just out of curiosity (and I'm sure I could find the answer if I looked), what happens if there's a sell at say 89 and a buy at 91?

Sorry if this is one that's already been answered. If so, please say so but I did search and couldn't find any info.

I have been happily mining with CGminer on my AMD GPUs for a while now. This is not a fulltime miner and Bioshock prompted me to upgrade my drivers so I downloaded the 13.3 beta drivers. Unfortunately, now when cgminer starts doing its stuff, the DOS block just goes blank. It looks like it's running since I have a hashrate showing on my monitoring software but otherwise, I can't tell and it's tricky cause I like to leave a couple of GPUs mining while I game on the other.

Do I just need to roll back the drivers or is there another known fix?

I'm going long on Hot Pockets...

Hi guys, I'm not playing in this pool at the moment (not related to the recent payout issues, I'm just trying a different tech) but for those who are using my Android app, I have applied some of the updates I mentioned before. Now it should be less network heavy and look a little nicer. I'm wanting to do a similar app for the new pool so I'll try and see about back-porting any changes to this one (who knows, I may be back sometime in any case).

Download is here:

http://perihelion.nfshost.com/hhttwatcher.apk

Even in small groups, it tends to have problems. Way back when, there was a small colony of progressives set up not far from here. They didn't last too long. About all it's really good for is about family sized and even then not always. It can have more success if it's possible to expel people from the group but that's really straying from the ideals somewhat.

http://en.wikipedia.org/wiki/Ruskin_Colony

True. But this is likely to happen with exchanges in any case. Probably sooner rather than later. The biggest problem with Bitcoin at the moment is, ironically, fiat. If we can reduce the contact area to as small as possible, it should reduce the drag on the Bitcoin economy.

Perhaps this could be quite easy to do with existing infrastructure even. Consider, you buy a $10 walmart gift card and mail it (or have it delivered to) moneyman X. Moneyman X scratches off the silver panel, verifies that the balance is what is claimed then signs a piece of XML which states that you have deposited $10. The exchanges, after working out they can trust moneyman X credit your account with $ as appropriate. When it comes time to cash out, the exchange informs moneyman X and he pays to the appropriate party (it appears to be much easier to get money out of accounts than in) either in gift cards, check, bank transfer whatever. Of course, moneyman X will be subject to financial regulation but he takes a cut sufficient to make that worthwhile and because he isn't dealing with foreign money or weird new cryptocurrencies, he might possibly have an easier time of things.

Of course, things get a little more complicated if you have moneymen Y and Z in play also but not overly so I would think.

The problem with that is that it make laissez faire or anarchist a modifier to "capitalist" which both implies that the main aim is capitalism (it's not for me. I'm for freedom first) and that the capitalism is somewhat exclusive to these viewpoints, thus making it easy to vilify and oppose it (try telling an occupier that your need for his ipad is greater than his and see how quickly the capitalism comes out). I'd say something like "minarchist" describes my position better.

No, you have it wrong. If you have extra cheese and I have extra crackers, you give me your extra cheese because work is its own reward and I give you the extra crackers because work is its own reward.

However, if I decide it's more rewarding to drink and gamble all day and end up with nothing, you give me your cheese (because work is its own reward) and we both do without crackers.

Of course, this scenario would never happen because... I dunno. Magic?

There are other, perhaps better ways to do it. You could throttle orders, limit orders to a narrower window r, my favorite, pay someone a few $$$ to fix the damn algorithm. It has to be doing something really dumb in there like comparing every new order against every existing order or something.

Perhaps what we need instead of exchanges that accept fiat (which is the big problem), have crypto-dollars (and other currencies). Similar to Bitcoin, these would be redeemable directly for dollars on a 1-1 basis (like Gox vouchers possibly?) . These would allow exchanges to be set-up without having to worry about having to process fiat and allow some decent competition between the exchanges.

I can see some issues with this. It would introduce another single point of failure so it would be good to have more than one. However, there would be little point DDOS these servers since they only deal with exchange of fiat to crypto-fiat and with multiple exchanges now more feasible, which is where the price can be manipulated, they become less of a target.

+ bleedin' 1, my friend.

While it's quiet, here's the svg as promised

http://perihelion.nfshost.com/bears_bulls.svg

Free for personal use. I'll want a cut if you want to do anything commercial with it.



Haven't heard much from the bears on this one. Maybe it's not a flattering pic?