Well, that's capitalism. Take chances, win big or lose your money.
If BFL does have ASICs, then the people who put their money on the line in pre-orders are going to have a heyday when it first gets released and the difficulty hasn't increased yet. The people who decided to wait will still have a chance to mine, but not until after the difficulty has ramped up.
If BFL doesn't have the ASICs... well. That's highly unfortunate, but hey; you're working with experimental technology that works with a relatively experimental e-currency, you have to expect that things might not turn out according to plan. Invest at your own risk.
I haven't pre-ordered (Although I gave the Jalapeno some serious thought with the low starting price), so I think I'll see how it works when the first people begin to get theirs and think about it.
In the meantime, if the current rally is for real, those people who already paid in bitcoins are falling further behind. |
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Yes, you DO play by old economic rules. You also play by standard IT rules which LOVE planned downtime. 24/7 is extremely hard to maintain for anything not a joke website (mt gox still is there - joke website - wait until you see real volume, options etc.).
Meh, IT downtime is typically because a company considers the cost/benefit ratio of instant (or near-instant) switchovers are not worth it. There's nothing inherent that requires that things be down for more than a marginal amount of time. Especially for something like an exchange which is, at heart, a somewhat simplistic beast. |
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Anyone want to set up a bet over whether Matthew will settle all his bets?
j/k
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How many guesses per user?  One. Your first guess as recorded by the form is what counts. =) I accidentally put in the same amount as another user. Can I pick another or am I SOL? |
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Machines don't really 'need' to deal with that but it's pretty much the definition of a crash and humans don't want to wait forever.
Kinda they do. For example, with the ethernet protocol, if there's a packet collision between two computers, each will back off a random amount of time before resending. This is because if there was a fixed backoff strategy, the collision would quite possibly be repeated several times. Edit: ug. Should have read the very next post before replying... |
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Colonizing other planets is not a solution to population problems (real or imagined) on earth.
Not that it's not a good idea for other reasons.
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(couldn't find one of her laughing, but this works.)
That is because she was replaced by a robot in 1977 due to fear of Charles ever ascending to the throne. |
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Its merely number  Nope, it has units. Therefor not merely a number. |
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Exactly. If its a choice between selling 500 widgets for 500,000 f-creds and 1000 widgets for 1,000,000 f-creds, is it really any better to do the second when in the first case, the funds would let you hire ten workers for a year and the second, only 8 workers due to inflation? And you've had to pay more for the materials for the widgets of course.
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Bitcoin; Because when you want to check your balance, the US government doesn't start making excuses...
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Yep, those are the methods I was referring to. The scrape cutting and the button. I guess a handgun device could be reasonably small but the ones for rifles are pretty big. I'm thinking something cnc or maybe mechanical with cleverly shaped cams Point it at a piece of rebar and come back an hour later to a nice barrel. |
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wait till asic's hit and we get weeks of fast blocks mined
But I thought we were capped at 21 million bitcoins? Yes but the rate of generation will be increased temporarily because the difficulty is not adjusted in real time I was being a bit facetious in suggesting that we'll have all the bitcoins mined by the time the ASICs get here |
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I don't but I used to in a previous life.
Isn't that kinda like "I'm not gay, but my boyfriend is"? Not if you're a girl. |
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I still stand by the rifling comment somewhat. I was doing some reading on it and there are a few different methods but they all use large and expensive machinery. Obviously, this makes sense for mass production but I can't help but feel that there is the opportunity for a cheap (but worse value), slow, accurate, over-engineered bore & rifling tool/mechanism.
You can rifle a barrel with a drill press, and the right bit. I'd be interested in a link to that. |
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I don't but I used to in a previous life.
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I still stand by the rifling comment somewhat. I was doing some reading on it and there are a few different methods but they all use large and expensive machinery. Obviously, this makes sense for mass production but I can't help but feel that there is the opportunity for a cheap (but worse value), slow, accurate, over-engineered bore & rifling tool/mechanism.
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wait till asic's hit and we get weeks of fast blocks mined
But I thought we were capped at 21 million bitcoins? |
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Ah, is that strong enough though? They use it to build airplane parts. That's not the question I asked  |
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