This is science fiction at best. Dude just calm down sit and relax, in our lifetimes at least, we'll not see anyone cracking the SHA 256 hash. The blockchain is safe my friends.
Saved in my favourites. Personally, I don't really know whether this is a true Quantum computer or not, I just put this here for comment from everyone else. But when SHA is eventually cracked and a thing of the past, I will definitely repost this one :-) How do you crack a hash? A single hash has a gazillion solutions and even if you knew all of them you'd still need to test each one of them. |
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You should probably all read the actual document, especially the part smoothie quoted.
Too bad about Burt though, I like him. Keep in mind he did help run one of the biggest Pirate passthroughs. I wouldn't be surprised to see more indictments like this in the future.
Are you implying that they took a closer look at him (picked on him) because of his PPT involvement? The date range in the complaint covers a period after the ponzi collapsed, so it couldn't have been directly related to that. |
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Doing large btc tx in person is very risky tho. If i'm a buyer i wouldnt meet some stranger with tens thousands $ worth of btc on me.
BTC is great for micropayments and online, digital tx. But until there is Bank-like bitcoin service (escrow) doing large btc tx in person is not for me.
I sold a car for $26K in BTC last year. I've also sold BTC for $4-5K cash on a regular basis back when I was mining "too much". Never once had a problem. Well actually, once somebody gave me 2 fake $20 bills, but that was it really. |
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Are you expecting to restock MSDN invites any time soon?
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I've always pictured him as a Disney character ...
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That is a start, 250 down, 999,750 to go. Is there anyway I can easily track down blocks created mined in chronological order?
You can go to blockchain.info and enter the block height (starting from 1) since it is clear that only he was mining at the very beginning. Personally I would write a program to do this and query against my own bitcoind. |
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Buying coins was always more profitable than mining yourself. And with the current equipment you will never see ROI in bitcoin.
The good thing is: Most miners can not properly calculate their costs. All mining equipment sellers say: Thanks TARDS for the easy money.
No it hasn't. I you had bought a Batch 1 Avalon in September 2012 for about 130-150 BTC ($1,350 wire transfer to Yifu's HSBC bank account) it would have mined 500 BTC throughout its lifetime in 2013. |
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Miners are the reason bitcoin are getting into the chain at the first place, how;s that killing, isn't that the opposite?
The problem supposedly is that currently there are too many miners operating in marginally profitable conditions and allegedly dumping coins on the market. Well the mining ecosystem was designed to be a closed-loop feedback system with an inherent lag. Anyone who has studied control engineering will understand what is happening now. Eventually some miners will bail out and close shop and there may be less dumping of coins. I say may, because I don't really believe it is the miners doing the dumping. I am a small miner myself, with just under 50 TH/s and I have not sold a single coin since November. |
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Maybe like opening the round and not letting any transactions in(if they still send it,that it would be returned) for few mins would help(to prove that the owner cannot take any advantage and everyone has the same chance of being first). Any other ideas?
I can imagine what will happen here ... everyone will pile in the second the round opens and after that nobody will put in any more money for the rest of the round. |
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A tad over 5,000 today.
^^^ Didn't understand the question. Has trouble reading and tying shoes. But otherwise a real nice guy. Actually he provided the only guaranteed answer - sell the 5000 BTC today and hold on to the cash for 5 years. On a more speculative level, I think 500 coins should very easily turn into a million in 5 years. |
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Railway? I think I found an old post with a picture of TESTNET.  O'LAWDY! grandpa satoshi's life is never gonna be the same |
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My first modem was a 28.8 so I'm definitely among the older guys here, but the analogy isn't always right as the Internet has always been going faster and stronger. The Internet didn't have some sudden 20% drop like BTC had yesterday. The worse if that nobody can explain what happened.
Most analogies are broken at some level, but to me "internet" could mean a bunch of different things: internet speeds, internet usage/browsing, volume of internet commerce, valuation of internet company stocks, etc. If you look at the internet stock indices around the turn of the millennium (around the time you swapped out your dialup modem with a cable or DSL modem) you can see similarities with recent BTC price movements. |
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We need to get a couple of celebs to gain interest... Lebron "For my next destination I'm taking my BTC to ......"
I think you might be right, we need some celebs like Justin Beaver etc We all need to to be Justin Beaver from time to time. Who is Justin's beaver? I know he broke up with Selena Gomez a long time ago but I don't keep track of celebs. |
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MPEx isn't a "web site." Unlike gox and stamp and all the other scam-exchanges, MPEx is a legitimate trading engine that also happens to have a few web front-ends.
The trading engine wasn't what I was talking about. I was referring to his Options Emporium (MPOE). If you have brilliant technology and build a product on top of it (in the case a web-enabled product - I won't use the term "web site" since it is too demeaning for you), shouldn't you at least try to put in minimal effort to make it usable by regular people? |
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then why do people like MP freak out?
I don't know. People get things stuck in their head, dig in, and then get all stupid and irrational about it. There are not many people like MP. Many would recall that the precursor to his MPEx web site was hosted on the same domain that also hosted some kind of Eastern European dating/escort service. Would a rational person do that? |
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Just another Ponzi  There were actually quite a number of happy BFL customers back in 2012 when they were selling their FPGA products and delivering them fairly quickly (at least the FPGA singles - not sure about the mini-rigs). Things pretty much went downhill after that with their ASIC products, but people still kept ordering from them for a long time which I cannot understand why. |
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Feel free to consider coins unspent for 30 years as lost.
However don't even think about trying to confiscate them.
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By influencing the reserve, we can affect the short interest.
Nah, I'll just keep my coins on BitFinex and offer to lend them to short sellers at 1% a day. |
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The truth for fiat is that around 35% of the top 1% own all the money. 70% for the top 10%. (In the USA). Regardless of the exchanges its clear to see that distribution is actually worse for BTC. Has anyone actually read my first post or have they just read wealth distribution and already made their minds up?
Partaking in the Bitcoin economy is not the same as being a member of society in a particular nation state. If you find that you cannot use it in an empowering way you could always bail out - the choice is yours. |
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