I found some pipe insulation lying around, split it in half, and cut notches at the appropriate intervals. (I used 2 strips, on top edge.) Works great, cheap, and only tool required is a pair of scissors! c32 Oh, and going back to physically stabilizing the cards, did anyone else think to use the mount-holes on the H-cards to bind them together using bolts, dowels, or something similar? I imagine it would be quite tedious to set up and you would want to make sure the cards where working well first...
pic please! |
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great post
Great post cypherdoc! Bitcoin is an extremely complex phenomenon. Expecting everybody to understand both its technical workings and its social ramifications would be very optimistic. The importance of speculators as well as "hoarders" (or savers, as I like to call them) for Bitcoin seems to escape lots of people on this forum even to this day. Trying to invoke critical thinking in people is a noble goal and I salute you for pursuing it! I enjoy this thread. oh gaud. hoarding. that's another one of the major criticisms i heard all day everyday back in 2011. they failed to understand that hoarding is just another form of saving. and since when is saving supposed to be bad, unless you're Ben Berspankme? the arguments against hoarding at the time went like this. "unless Bitcoiners spend their money, there is no way the merchant economy can get off the ground". this is so wrong on so many levels. sometimes ppl just need to save money for rainier days. it depends on their age in life. savings can be used to lend to promising Bitcoin projects. it also creates scarcity during this inflationary phase of reward issuance which helps support the price. point being, there will always be hoarders. AND, there will always be spenders. so my argument was just "STFU about hoarders. please". the other argument they made about volatility was that it prevented merchants from running a stable business. while this could be true for those Bitcoin businesses running on a shoestring or who were susceptible to price swings, it is NOT true for a well run, well capitalized, forward thinking business that seeks to accumulate BTC leveraging future prospects. what an opportunity to do so back in 2011! idiots were dumping BTC to buy whatever they could due to fear that their BTC would go to zero. i always think back to Meze Grill who shut their doors back in 2011. what a huge mistake that was. |
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Frankly, this is why cypherdoc's comment "the nerds do not know that which they have created" pisses me off. We know. Its the economics professors and media talking heads who were endlessly reporting and blogging negatively about Bitcoin. Before 2013 99%+ dismissed Bitcoin. But of that 1%, most were engineers.
But the "nerds" also know that, like daylight savings time the real world at times makes changes beyond the control of any system no matter how elegant. "We" know that bitcoin is awesome but at the same time we know what we don't know and can't control. So while I've been saying that bitcoin could become first global exchange currency I've been saying it quietly :-)
no wonder you don't do updates as frequently as i'd like you to  i enjoy prodding and poking ppl around these parts to get them to think and be challenged. especially geeks. in a major way, this is what this thread is all about. challenging conventional thinking. of course my meme "The Geeks Fail to Understand That Which They Hath Created" is just another one of those provocations. and i think it's fair. of course it's a broad brush statement which doesn't apply to all geeks but to appreciate the meme you had to have been around these parts the latter half of 2011 to understand just how bad the "geek" trolls became. i could name off dozens of you around here who are engineers, moderators, programmers, mathematicians who trolled me heavily for being bullish. but i won't so as not to embarrass them. while you are correct to say these ppl have astounding skills at math, complex systems, different programming languages, and layouts, etc., what all of them lacked is imagination, investment experience, and an understanding of the speculative mind. one of the most common themes behind their whining was "those evil speculators!". "they are causing way too much volatility!" "guys like cypherdoc who 'just want to make money'". "he's ruining it for everybody!" "Evil Mr. Manipulator". "When is the Whale going to Dump?". "they are polluting our beautiful logical, math based system of new money!" of course, i argued vociferously with these idiots that speculators were key to launching all sorts of Bitcoin projects and bringing them to fruition. speculators pump money into the economy in many different ways and help drive the price up which acts as a positive feedback signal to those hesitant to get in the game. they take risk when others won't. of course it creates volatility. this is the nature of speculative markets when things aren't so clear. as an early adopter or investor, you want to see volatility. it allows buying on the dips. if the underlying principles and fundamentals of the economy are correct, then you develop and create a virtuous circle which allows growth; which is exactly what has happened to Bitcoin. most geeks could not wrap their minds around these concepts as they are not taught in school or within their profession. these concepts are, on the contrary, NOT logical but in fact irrational and based on human emotion. how many geeks do you know who read human emotion well? this is where the immense confusion comes in regarding Bitcoin. i don't care how logical or smart you are in math or CS. many of these "geeks" failed to understand these principles. this comes with years of experience and trading in other markets like stocks, bonds or real estate. watching stocks go from a penny to $1000 in a relentless year over year ramp related to nothing but money printing puts a nice frame around things. experiencing an end of day short squeeze ramp due to a simple rumor that Warren Buffett is buying housing stocks in late 2008 imprints a most indelible picture of a manipulated market. you have to live through those things. you have to lose money doing it. most geeks don't have that experience either due to their age, lack of funds, or fear of the unknown. i will say that geeks were probably in the majority of those who understood Bitcoin from day 1 but it is a questionable assumption. i am your perfect example. |
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Given the infamy of Japanese Ms. Watanabe's, it seems no surprise as to the rise of Chinese Dama's. |
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But isn't the purpose of CoinValidation to label adresses and not coins?
I don't get why the fungibility of coins is destroyed if only adresses are impacted?
All previous addresses that received the coin are listed on the public blockchain ledger. From what was said I believe Coin Validation plans to look at the history of the addresses associated with coins. If your coin was used 10 transactions ago by a silk road user, (eg seen entering the silk road address) then likely implications are you will not be able to spend your coin on any site using their system. They hope it will be viral, ie because you dont want to hold coins you cant spend, you may also refuse to accept coins they do not white list. Having them validate your coins will not be free and the uncertainty arising from not knowing if your coins will suddenly become less spendable will create fungibility problems. There are costs associated with the fraud tracing validation, blacklisting and payment revocation. eg its bad for merchants too, they cant rely on receiving money they can spend themselves. This is why credit cards are expensive for merchants (3-5% + 30c). This is one thing that makes bitcoin attractive for merchants and users - the fees are close to zero in comparison. Coin blacklist/whitelistng (just different names for the same trend) damage the underlying irrevocability which enables low cost transactions, and pulls bitcoins transaction cost up towards credit cards and paypal. The problem is when fungibility degrades because everyone is mutually scared of accepting blacklisted coins the utility of the coin goes down, the cost of using the currency goes up and so its price falls. It might literally collapse if the feedback loop picks up momentum as people sell non-white listed coins at steeper discounts in a race to the door. This makes as much sense as a $100 note in your pocket disabling itself because 10 previous holders ago, someone stole it from a convenience store. Someone posted on reddit about a 17th centur scottish court case (cant find the link now), where a bank was able to prevent legislation that would've had that implication - if you're left holding a stolen note, you lose it. The court rejected the case based on the argument that doing so would be unfair and also destroy the fungibility and value of the currency. Coin Validation want to reopen that 17th century mistaken (but defeated) court case. Adam +1 |
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I kind of see their point, and what they are trying to do. To be fair, their sales pitch will probably go a long way towards making bitcoin acceptable in the big-brothers perspective, and thus, us much more rich.
this is so naive. |
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The Bitcoin Foundation starting to show its true colors..
I do not think they are lobbying for Bitcoin user's best interests, but instead to promote their own agenda.
is the entire Foundation onboard with this idea??? Probably not, but there are more influential members than others there. Example, Mike Hearn Even though Bitcoin is open source, this whole idea of blacklisting goes against everything Bitcoin stands for You won't be able to send the coins to whoever you want (illicit or non-illicit) Your coins can be frozen (blacklisted) Matonis is on record stating he does NOT support blacklisting coins. he'd better put a stop to this. |
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How stupid are these people? Don't they know that every dollar bill has traces of cocaine on it? They've ALL been used for illegal activity, and yet we trade them around every day.
Still, the more "bad" coins that are taken out of circulation, the more my (hopefully clean) coins will be worth.
here's the thing. you/we can't afford to have ANY coins taken out of circulation due to redlisting. that mere act alone will destroy your remaining coin's value. |
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blacklisting/redlisting will destroy Bitcoin.
the real question is, can it even been done?
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Here's a pretty graph:  this is the speed of adoption that miscreanity underestimated in our earlier debates in 2011. and he's a young man too. i'm an old man. what's that say?: The Geeks Fail to Understand That Which They Hath Created. |
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a little over 1 yr ago we were in single digits.
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James has found his groove. he's clearly a smart guy. he's doing a great job with the new blackboard format. i'd bet he visits this thread regularly given the last gold comparison video he did. he cited many of the principles i've expounded upon for years now in much the same way. he's doing an excellent job. anyone know his handle around here? Did you notice that your thread happens to be the only one on the forum tracking the entire Bitcoin price history and people's reactions from 2012 until now?  Even Adam's wall observer thread was rebooted once. Wonder if the historians of future will scroll through pages to read our replies... don't forget this thread is just an extension of: Gold: I Smell a Trapfrom 8/9/11 |
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Gold looks foreboding. Bitcoin EXPLODING.
Well you know, we gotta get going. To get to the parity party. Edit : and beyond I remember when people were talking about silver parity like it was this big thing that might never happen. "But if only it did reach silver parity, maybe then the PM bugs will take Bitcoin seriously." The good old days, nine months ago. that was a much more significant event than people give it credit for. gold and silver are linked at the hips more than ppl realize. silver was supposed to be the metal that REALLY made goldbugs rich in the end as its price projections based on the gold:silver ratio were supposed to head to all time highs with the ratio to all time lows. as bullish as i was before, i became 4x more bullish once we passed parity @ around 20. in order to really understand what is happening, you have to have been a big gold and silver holder. |
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James has found his groove. he's clearly a smart guy. he's doing a great job with the new blackboard format. i'd bet he visits this thread regularly given the last gold comparison video he did. he cited many of the principles i've expounded upon for years now in much the same way. he's doing an excellent job. anyone know his handle around here? |
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Gold looks foreboding. Bitcoin EXPLODING.
Well you know, we gotta get going. To get to the parity party. Edit : and beyond |
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Get the hell outta the way.
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Those who bought at the last bubble peak of 265 have now made a 50% return on their money.
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can someone explain the concept of the Banks and how they apply to v2.2 H boards and v3 M boards?
Dave said that the Banks are obsolete and that the H boards are just numbered 0-9, A-F. however, on 3 of my M boards i have one entire bank at zero; 2 Bank 1's, and 1 Bank 4. there must be some relationship btwn the 4 adjacent cards in those Banks.
any suggestions to revive those Banks?
Even v3 M-boards have 4 banks of 4 slots each. Try reseating cards, or rotate the 4 cards within a bank. If you think the problem is related to VRM thermal/current overload, try disabling a chip or two on each card, or turn down the voltage with the trimpots. i have heatsinks and multiple fans so hopefully it isn't thermal. i know the GUI shows 4 banks but do they have a function? Dave did say they didn't mean anything. Not sure where Dave said that, but I have seen it mentioned by many people (dave including) that you want the fastest H card in the first slot of the bank, then order them in descending order with the slowest card in the last slot. Can you link where he said it didn't matter, because I think it does and I dont think he'd say this. In practice, I can confirm its better to have the faster cards in the first slots of a bank otherwise it can cause the other cards to run slower or not run at all. "Don't pay attention to the Bank 1, Bank 2, etc. Those line up for V2 M-boards. The numbers of the slots do line up as 1-16 map to 1 - 9, A - F. There, you can see the output of each H-card." https://bitcointalk.org/index.php?topic=288109.0;all |
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