I'm still holding on to almost 40,000 shares. I'm riding this all the way to the bottom, baby!
sexy sexy might as well increase your stake too! 50% off sale |
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Now that all the scared children have run for the hills with there losses we can finally really trade without the minipulator and day traders who've gotten screwed. Now it actually a investment. Watch the price rise into the morning mark my words
Why would the price rise? went from 800GH to 0-300GH Howard the main engineer, is gone and is not even in China anymore: http://www.linkedin.com/in/howardwangzhenhuaSwede and Same making bullshit deadlines that they always miss. someone send him a message asking what's up |
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hey give them credit too.. at least they haven't closed up shop like btct.
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This "limited number" is about 80% or even more of all Ripple nodes. This number is already RIGHT NOW higher than the number of servers you need to take over to severely mess with Bitcoin (which is about 2-3 pool servers).
Debate away! none of the pools are at 51% even. to do this "attack" at the moment not only will you have to take out 2 or more pools with estimated 15% of network you would also have to take over btcguild at the same time. can it be done? yes is it likely to be done? no. the chances of it being done are very improbable. i would also assume that this would get noticed fast and miners would just point to other pools for time being Of course, there is also the issue of whether bitcoiners should simply trust the entire security of Bitcoin to just a few operators. Lets say BTCGuild knocks out 2 of its biggest competitors, then 51% attacks the network... all in collusion with or under pressure from the government. Sure maybe we could recover from this, but it would be a major hit to public confidence in bitcoin. All valid points. I think community has no interest in any one pool /company having 51% as time goes on this should be less likely |
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This "limited number" is about 80% or even more of all Ripple nodes. This number is already RIGHT NOW higher than the number of servers you need to take over to severely mess with Bitcoin (which is about 2-3 pool servers).
Debate away! none of the pools are at 51% even. to do this "attack" at the moment not only will you have to take out 2 or more pools with estimated 15% of network you would also have to take over btcguild at the same time. can it be done? yes is it likely to be done? no. the chances of it being done are very improbable. i would also assume that this would get noticed fast and miners would just point to other pools for time being |
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nice. Now lets see a fork with a better idea than 100% pre mined. I would be interested in that.
There is no mining or premining in ripple network. I don't understand why people still don't get it. For sure some ideas will emerged from the work OpenCoin have done but going as far as OpenCoin is with seems difficult... the XRP that power the protocol are premined. that's just a fact. i don't know enough about the protocol or ripples to have a more educated statement then that. |
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I think we're going to see a lot of old posts and websites getting updated with retractions regarding "Ripple is not open source" now. Especially since they are liable for slander (libel?) otherwise.
serious? no, it's not slander/libel to say something that is TRUE at the moment it's written. i don't think you understand laws very well. |
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people will invest in it because it really is true. most people can barely use computers but want in on the action! people should move their iras etc over to this asap! better than most overpriced garbage they are holding now
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I've placed orders for additional H boards on the 19th, 24th and 25th. And by the looks of my order numbers and the number of units left in the store, very few people seem to making additional purchases. I can't believe people haven't snapped-up the remaining stock in minutes. What gives?*
*Please, no discussion of ROI is necessary if you respond to my post. I've heard it ALL! And am completely bored with annoying ROIer rants.
youve answered your own question  |
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% doubt it, what's the point of only partially repaying off your credit card at all. they'll just make minimum payments and wait it out. only mgio here sounds like he wants to sell at a neverending loss  So you are betting on BTC increasing fast enough to outweigh the 20%+ interest being charged for not paying off the balance? 20%, kind of high, YEARLY interest... 100% yes Some aren't borrowing money.. and only 4% yearly interest if a mortgage was used I could have financed a rig at 3% per year with a credit card. However, I paid for mine with bitcoins @ $180. But nice try. Since bitcoins were at 180 for only 2/3 days. I wonder what you could have ordered at the time. I'm pretty sure that you will not reach ROI even at 180. Unless you care to share Depends on how you calculate ROI. I spent 19 btc on 50 GH/s that should arrive in a week or two. I will not ROI in BTC terms unless price craters and difficulty follows, but at the time, I was looking to reduce some direct price exposure. Since I am completely unleveraged, I will likely ROI in USD terms if I am patient. Electric costs are low, plus it is almost the time of year where heat is more valuable than electricity anyway. you are looking to get about 3 btc from the 50ghs over it's life. 3btc at todays prices is about $400 usd. if you spent 19btc at $180 = $3420 is how much you spent in fiat and 19btc is how much you spent in bitcoins. the only way you can even reach ROI in fiat is if prices go up a lot. you are looking at btc/usd @$1000+ to get your money back. people would have been better off 'financially' not ordering or doing anything at all. don't worry pretty much all miners who ordered after may (and most bfl orders) are facing the same situation. |
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they've done something only ASIC MINER has done.. not suck
although there isn't much margin left for profit unfortunately.
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% doubt it, what's the point of only partially repaying off your credit card at all. they'll just make minimum payments and wait it out. only mgio here sounds like he wants to sell at a neverending loss So you are betting on BTC increasing fast enough to outweigh the 20%+ interest being charged for not paying off the balance? 20%, kind of high, YEARLY interest... 100% yes Some aren't borrowing money.. and only 4% yearly interest if a mortgage was used I could have financed a rig at 3% per year with a credit card. However, I paid for mine with bitcoins @ $180. But nice try. Since bitcoins were at 180 for only 2/3 days. I wonder what you could have ordered at the time. I'm pretty sure that you will not reach ROI even at 180. Unless you care to share |
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% doubt it, what's the point of only partially repaying off your credit card at all. they'll just make minimum payments and wait it out. only mgio here sounds like he wants to sell at a neverending loss So you are betting on BTC increasing fast enough to outweigh the 20%+ interest being charged for not paying off the balance? 20%, kind of high, YEARLY interest... 100% yes Some aren't borrowing money.. and only 4% yearly interest if a mortgage fraud was used cool! Take out a legal equity line.. That's what I actually meant |
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% doubt it, what's the point of only partially repaying off your credit card at all. they'll just make minimum payments and wait it out. only mgio here sounds like he wants to sell at a neverending loss So you are betting on BTC increasing fast enough to outweigh the 20%+ interest being charged for not paying off the balance? 20% (kind of high- most credit cards should be less unless you have terrible history) YEARLY interest... 100% yes Some aren't borrowing money- and only 4% yearly interest if a equity line was used anyways, bitcoin's value keeps rising at a pace that is much higher than credit cards charge. you are better off waiting and betting on the trend of 4 years then paying it all off at a loss regardless. it's really really common sense edited - was typing off a tablet and those are a bitch to write off |
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Although that statement is agreeable for many people , don't forget many asic miner owners will want to cash out to cover expenses they spent on these hardwares , they may do that or not I am not sure, that may effect the market or not I am not sure about that neither , but there is that option as well.
my point is that cashing out now will NEVER cover their expenses to begin with. it'll barely cover a fourth of the cost now. the only thing that they would want to cover is electricity (should be cheap) and possible minimum payments if credit cards were used. otherwise, holding is the only thing that makes sense since cashing out to fiat now means they are losing money. really simple example: you spent $10,000 to buy something. in the first month it brought you back $1000 you are down $9000. does cashing out that $1000 to cover the $10000 make sense? it automatically puts you at a loss. a big one. so if people wait till the $1000 appreciates towards $10.000 they can at least hope to cover their losses. people are in for big losses if they cash out from asics delivered since beginning of august. I think you're making a big assumption. There are miners that have been simply collecting coins they've minted and storing them for a rainy day. Now that when they see their miners are no longer profitable, they'll want to recuperate their starting costs & some pocket change (at a minimum) Sure, new miners will not be able to recover their investments... but there are thousands and thousands of already established miners waiting to pay off their investments. They've already paid them off. your assumption is contradictory too - that those who were profitable have waited to sell and those who it will be mining at a loss will sell too instead of waiting. there is also a lot more "new" miners than old ones by a huge order of magnitude. Just wait and watch . |
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Difficulty-adjustments will ensure that in the event of miners shutting down the difficulty goes down as well and mining profitability will increase again.
Yes - but the adjustments don't happen immediately - and especially down adjustments will happen slowly. as long as bitcoins are valuable the decrease in mining - people going offline should be slow since if there is an opportunity to make money people will turn on their devices |
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Although that statement is agreeable for many people , don't forget many asic miner owners will want to cash out to cover expenses they spent on these hardwares , they may do that or not I am not sure, that may effect the market or not I am not sure about that neither , but there is that option as well.
my point is that cashing out now will NEVER cover their expenses to begin with. it'll barely cover a fourth of the cost now. the only thing that they would want to cover is electricity (should be cheap) and possible minimum payments if credit cards were used. otherwise, holding is the only thing that makes sense since cashing out to fiat now means they are losing money. really simple example: you spent $10,000 to buy something. in the first month it brought you back $1000 you are down $9000. does cashing out that $1000 to cover the $10000 make sense? it automatically puts you at a loss. a big one. so if people wait till the $1000 appreciates towards $10.000 they can at least hope to cover their losses. people are in for big losses if they cash out from asics delivered since beginning of august. |
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asicminer is only 1% of network according to blockchain.. dang - gone are the days of 20%+
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i'm sure everyone realizes that since difficulty keeps jumping by 30% each round that my prophecy is about to come to fruition.
once this happens i'll be announcing my new religious movement for everyone to follow.
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What's the value behind doing this
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