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561  Other / Beginners & Help / Re: Trust No One on: March 28, 2013, 09:19:43 PM
One thing I'm working on, is a way that you won't even have to trust your computer in order to make bitcoin transactions from a local wallet.
Hardware wallet?
562  Other / Beginners & Help / Re: Just Bought 2 Avalon Asic's 85 Gh/s on: March 28, 2013, 09:18:44 PM
The thing I do not understand is why only these two campanies can make these asic's. And why would they sell them?
Read that interview with Yu, that's what convinced me to buy. His reason for making these ASICs is to support the network, to keep it decentralized. He also talked about targeting the price for 1 month return on investment, wow.

I read it as well, sooo wanted to buy in but didn't have the available funds in BTC, so I missed out.. Sad oh well hopefully there is a #4 batch sometime soon with improved specs, and by then I'll hunt down the $ to get in on the action..

p.s: if any ASIC user wants me to watch over their rigs for some measley BTC's while they are on holidays in the bahamas, just pm me lol

I'm looking at setting up a mining rig with 2 x 7970s to get started, and try both litecoin / bitcoin to see which is more profitable..gotta start somewhere right...Roll Eyes

tempted to also just use that $$ to buy btc/ltc though I figure the rig has resale value and it will generate more coins in the long term.. and the fact that I'd be using credit to buy the machine, so an income stream would help pay itself off rather than a purely speculative approach..

I hear the 5800 series is better than even the 7900's for mining. If you can find them. /r/bitcoinmining is your friend too.
563  Other / Beginners & Help / Re: Membergroups; or: Why do some users get colored coins under their names? on: March 28, 2013, 09:16:54 PM
Kinda cool to read that from the man himself Smiley BitDNS looks interesting too. We need to get a full service point to point encrypted meshnet into the mainstream and turn the tide on nation-state snooping of all internet activity.
564  Other / Beginners & Help / Re: Trust No One on: March 28, 2013, 10:12:58 AM

"Please warn people not to purchase Bitcoins from Coinbase.com. It took them 3 days to link to my checking account. Once I was cleared they only allowed me to purchase two bitcoins and posted a message that I would be prevented from purchasing more until delivery of my Bitcoins 5 days later. Today is March 27. Bitcoin is $88. What kind of ish is this?

Be warned people. I regret not following through with my Mt. Gox account. Readers be warned and warn others!
You have to clear at least one purchase through them before they upgrade your account and let you buy 10 a day or w/e, then 100 a day a month later. All part of their anti-fraud procedures. Not their fault that you were a bit late to the game and the price skyrocketed >_> Also, when delivered the price you get is what you paid on that day for.
565  Other / Beginners & Help / Re: Just Bought 2 Avalon Asic's 85 Gh/s on: March 28, 2013, 10:10:56 AM
The thing I do not understand is why only these two campanies can make these asic's. And why would they sell them?
Read that interview with Yu, that's what convinced me to buy. His reason for making these ASICs is to support the network, to keep it decentralized. He also talked about targeting the price for 1 month return on investment, wow.
566  Other / Beginners & Help / Re: Just Bought 2 Avalon Asic's 85 Gh/s on: March 28, 2013, 10:07:49 AM
is batch #3 now available for pre-order? I noticed the site seems to be working, as the shopping cart wasn't working properly the other day..

The pre orders technically sold out 30 mins after they were announced.. but some people don't complete their order and the system opens them up again. Thus allowing new orders to come through. Looks like as of 1:33am PST they are closed again, though.
That explains a lot. I setup an order just trying to see if they were available, and it locked it in as a purchase waiting to complete, even though the Bitpay purchase window had closed. Realizing they were still available I went to move funds around so they'd be immediately accessible to bitpay and completed a 2nd order some minutes later, but what was interesting to me were the order numbers. My first incomplete order was order 9,000 something with at least 100 between that and the 2nd one that went through. Anyway, I consider myself fortunate.
567  Other / Beginners & Help / Re: When will it go mainstream ? on: March 28, 2013, 09:10:22 AM
On the consumer side we badly need idiot-proof hardware wallets. Generating a secure address without these is difficult, expensive, and perhaps still not as secure as it could be, and something a 'norm' user would despair at trying to do.

On the business side, I think Bitpay is taking care of it nicely and will cement themselves into that lovely position.

We've had our FinCen legal ruling, that basically opens the floodgates. So what we need now is a US exchange to come online.

Hello Coinlab!
568  Other / Beginners & Help / Re: Membergroups; or: Why do some users get colored coins under their names? on: March 28, 2013, 09:01:33 AM
> Donator:   Manually applied by administration after 10 BTC donation, and gets 5 gold coins under his name
of which the last is half green. 5 coins are shown regardless of post count when user is a Donator.   

> VIP:   Manually applied by administration after 50 BTC donation, and gets 5 gold coins under his name
of which the last is half purple. 5 coins are shown regardless of post count when user is a VIP.

Wow, that's a lot of coin these days!
569  Other / Beginners & Help / Re: Introduce yourself :) on: March 28, 2013, 08:52:34 AM
Hello!

Heard about bitcoin last year sometime, mined for like five minutes in some pool, realized it would take a year to get even one bitcoin that way and promptly quit. Always liked the idea of a cryptocurrency but didn't look much deeper.

That is until I began working on a libertopian scifi novel and researched bitcoin as part of that, and also ended up arguing for bitcoin as a successor currency on the Mises.org forums in theoretic and economic terms alongside economist Peter Surda.

Few months back I cashed out my stocks and savings and went all into bitcoin--didn't really have that much money to start with tho, so no big deal. But I manged to collect some coins on the cheap months ago, enough to get into Avalon batch-3 recently Smiley So, I will be learning everything about mining I can get my hands on.

Also, by some amazing twist of coincidence, someone on this forum was already using my longstanding handle 'Anenome' so I'm stuck with this number-versioned form of it Tongue I hope that user isn't around much and/or doesn't think I'm like stalking him or something >_>

/wave

*edit: Oh, I also run /r/bitcoinwallet and am working on getting some bitcoin-themed fiction-based subreddits going. /r/bitcoinfiction, etc. I think bitcoin addresses can revolutionize payments to writers.
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