tl;dr: lost 1400 btc + $2k, pissed at manipulator roughly manipulating fragile market rather than caressing it tenderly
The sad thing isn't that you lost the coins because of the margin; but because you lost them from an artificial limit (the mtgox daily withdraw limit). |
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...an over-the-top bimbo-bull.
rotfl  Edit: made it a bit more bimbo! |
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RALLLLLY!!  BACKWARDS!!! |
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I read through the bitcoin-dev archive's discussion of OP_EVAL, and don't understand the extent of the concern about Turing completeness. Guaranteeing resource limits on script execution is important, but runtime constraints like limiting numbers of recursions already go a long way toward imposing these guarantees. Defense in depth of these guarantees is important, too, but if such a heavily-scrutinized proposal can go months without anyone noting that it affords Turing-completeness then relying on formal analysis Script-the-language to guarantee resource constraints by static analysis is infeasibly delicate and unreliable.
A more direct and robust defense-in-depth would be for bitcoin's Script implementation to track the resource usage resulting from the execution of each opcode, and reject the script as invalid when usages exceed some thresholds. If static analysis is currently valuable for miners assessing whether it's worth their while to process a given transaction, then OP_EVAL could be extended to include guarantees on the memory usage and counts of the opcodes and signatures executed by the script which invokes it, guarantees which could be ensured by simply rejecting the script if it violates them.
Beyond the advantage of greatly strengthening the resource constraints, this approach would probably be much less expensive than junking all the analysis, development and testing put into OP_EVAL so far.
I really like the idea of having a full featured scripting engine; and using resource tracking to decide if the script is valid or not. This is where the cost lies, before the fact static analysis is nice… however the real cost is in the difficulty to execute a script - not what functions the script implements. |
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yeah, I missed a hell of a downswing by sticking to my guns and going to bed long last night
Me too! Did your gf enjoy it??  lawl |
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I think that the bitcoin market is going to be MUCH more wise going into a big rally a 2nd time... There is so-many people who are willing to sell and keep the price stable now.
The big rally up to 32 was a big testing ground... Now we have been there we know what to expect.
A healthy (new) market may make an mistake (the bubble). However it doesn’t make the same mistake twice.
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Anecdotally, I have been talking to quite a few of the established bitcoin-shops; it seems that buying volume is has been slowly increasing over the last month.
I really am thinking that it will take more and more bitcoin to drop the price back down to 2.5 At some point it will take such a large % of the total market cap to shift the price large amounts.
Ideally we want the collected order-books to have move than the total issued Bitcoin holdings… so we know if every Bitcoin was spent how far the price would drop. (Not that would ever happen).
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One feature that I would love to see is a 'pgp fingerprint’ and 'pgp key' fields within the user profile.
If the user has supplied a pgp key, on submission of a new post or editing an old post, the forum provides well-formatted version of the raw post data for singing. The user then can upload a .sig file as an attachment to the post.
This would be extremely useful for announcements; the forum software could even automatically verify that the submitted signature is valid.
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better now?
No. Most certainly not. You sound even more noob now than before. We need to be talking "performance per watt" numbers here. The best fpga may be able to produce 200Mh/s @ 4W or equiv. 1Gh/s @ 20 W (Still far more efficient than a GPU). While a fully custom asic would produce 1Gh/s @ 2W. This is 10x more energy efficient. Secondly, let’s look at the cost 'per-chip' once you exclude the one-time tooling costs. 5 fpga's @ 200Hh/s fpga's would account for $20 each... so you are looking at $100 total cost, for the best case. 1 asic @ 1Gh/s would cost around $1 each to manufacture (aka cost of a 4M transistor chip on modem wafer technology). You see... for the same hashing speed. Fpga's work out to be 100x more expensive to manufacture, and 10x more expensive to run than fully custom asic's. Also. To make matters worse for your augment, I'm taking the best-case numbers for the fpga... and the average-case numbers for the asic. I do not understand how the can be 'almost the same thing' when there manufacturing costs are 100x and performance is 10x worse. (On first analysis, that would sound like quite a large difference). Well anyway; it was fun showing you to be a retard again.  |
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This will not happen, just enter structured asics into google and read how they are already obsolete because of higher integration of fpgas.
When you post something like this you sound like a complete retard... I'm sorry, they both serve purposes. |
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Ok, show YOUR math. For the record, you were claiming neither asic nor fpga would ever be viable not long ago.
Hmmm... I was? Please point me to any thread that I say that ASIC are anything but insanely profitable... The maths goes: 200K for development + testing. Do a small run of 200,000 1Gh/s chips @ around 4M transistors each. They cost $1 ea. So that is 200K + 600K setup. Total 800K for a dedicated ASIC run. Building into board, and packaging maybe 1$ each. So total 1.2M You will put 20 boards in a box and sell the box. 20Gh/s @ 40W. Sale price of $1000 per box. That will mean that you produce 10M income on say 1.2M investment. To break even you only need to sell 20% of your production... It is insanely profitable. |
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And perhaps a clear upward trend requires a lot of new interest anyway, so Ya... I think that this is the key point... Bitcoin isn't going to go up until the fundamentals dictate the need for a higher price. The economy size is slowly growing to the size that supports the current value (maybe $5 atm... eg. equiv 35M market cap.) Once the underlying market grows in size larger than the price represented on mtgox, then more bitcoin's will (on average) be withdrawn from mtgox than deposited. (They are more valuable elsewhere). The will tighten up the entire trading market; this will be reflected on the price. (Rarer coins fetch higher prices). For a big rally, we need the competition for the bitcoins… The most natural way we can get more competition are more investors going after the same pool…? I think that both is happening: as bitcoins are getting valued more elsewhere, the flow of bitcoin’s into mtgox and other trading sites will slow down, causing the pool to get smaller; and that more investors are slowly taking an interest in holding bitcoins. The real question is when the market will start feeling ‘tight.’ |
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I said ASIC.
None of you seem to understand the cost to produce an ASIC.
You also don't seem to realize the risk averse nature of capital holders, and the Bitcoin market is shit compared to other investment opportunities.
Bitcoin is a scam. No-one in their right mind is going to spend any significant amount of money to see the scam through to it's completion.
The market cap of bitcoin is over 60M USD. Since more than half the coins ever to be made are still yet to be made, it is completely feasible that a group of people will want to mine/spend the 1.2M USD capital needed in producing an ASIC miner. 100% return of investment could easily be reached in one year... even if the bitcoin price drops to $1. |
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I just want to put my 2-cents in.
Previously I have argued that this forum should remain as free as possible. However, now I'm forced to re-consider my opinion. I believe that we should be giving more power and discretion and trust to the moderators in this forum.
I believe that there is nothing more dis-hearting that limiting the powers that the mods have, yet still expecting them to carry out an effective job.
Overall the question boils down to 'do we trust the moderators or not’ I for one certainly do. They have shown time-after-time to be very reliable and level headed. Allowing the moderators to ban accounts, see the IP address, move and delete stupid topics, and the whole host of standard moderation powers would make this forum far better. It also would be a vote of confidence in those doing the good work already.
@theymos, I really hope you can choose to empower your moderators, otherwise they will lose heart and you will not have any quality ones anymore.
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This thread also ignores the fact that Bruce has been nothing but honest in his business dealings with the bitcoin community so far.
When you get down to it, everyone has a past; some people have cleaner pasts than others. Also people grow and learn from life experiences.
For myself, I'm happy to give him the benefit of the doubt. If Bruce continues to be honest with his bitcoin dealings I see no why things that happened many years ago should stop valid honest business now.
It seems like that many people on this forum have been on a witch hunt and once they have found any dirt (if it is really dirt), have claimed that this must be the end of a good reputation. When in-fact these 'revelations' have no direct importance to the good dealing that have happened over the last 10 months.
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BTC going down to 3-5$ USD/BTC will be the best thing to ever happen to bitcoin, I think
Everyday that goes past and bitcoin doesn’t drop down so low; I'm getting more and more bullish. Something's Gotta Give. I don't believe that the big investors have withdrawn their funds from mogos and the other trading sites... I suspect that those funds are just sitting there waiting for the next rally. However the market is much wiser now, I think that once the goods and services economy finally reaches a certain threshold we will see the next big massive rally. (It is clear that the global investment interest in bitcoin is much more than $80M USD now) It is all about picking the bottom and buying big. Let’s see... I don't want to commit to a time-frame, but my gut is starting to get excited again. |
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Is this by any means a project still in the making? I found a link to it on FN, so was just wondering what the last update was.
Yep, it is still happening The enitre ptoject has taken a bit more time than expected... We hope to have something to release to the public in arround 2 weeks. |
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