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7821  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 31, 2013, 08:06:34 PM
what's that sucking sound?

oh, it's the flow of dollars.

look the hell out.
7822  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: October 31, 2013, 02:17:32 PM
de
7823  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 31, 2013, 01:26:57 PM
Gold down. Bitcoin up.
7824  Bitcoin / Press / Re: 10-25-2013 YCombinator: Silicon Valley's Ultimate Exit on: October 31, 2013, 02:59:30 AM
Specie drastically limits one's options when it comes to exit. I can move far more value through an international airport via a brainwallet than I can carry in gold or silver.

For that example, I heartily agree with you.  Having carried significant value of gold and silver through international airports, I can attest that it is not effortless.

Your example speaks to physical exit rather than monetary system exit.
No argument against brain wallets, I leave argument that to Gavin.
They each have uses.  Both are "Exits".

For example, it may be hard to leave a brain wallet where, if you are incapacitated, someone you want to find it will find it.
Sure, the protocol allows for coins to be spent automatically after a time, and one could program a dead-man switch to push inheritance out.  Its just something you get for free with material commodities.  Its exists outside a head and outside a computer.  For some purposes, that is a feature, for others it is a bug.

The two are almost opposite in function but united in purpose, and so are excellent compliments to each other.


there's only going to be one winner in the end.

If you have only one, you are fairly sure to lose in the end.  Resilience is all about the plan B, and the plan C, D, E, F

no, it just means you're confused.
7825  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: October 31, 2013, 01:56:01 AM
Update
7826  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: October 31, 2013, 01:51:17 AM
Codedrop of hashfast driver into master cgminer git.

that's good news.
7827  Bitcoin / Bitcoin Discussion / Re: I'm Kevin, here's my side. on: October 31, 2013, 01:05:42 AM
So how's Kevin doing?

did he ever give the money back?
7828  Bitcoin / Press / Re: 10-25-2013 YCombinator: Silicon Valley's Ultimate Exit on: October 31, 2013, 12:19:17 AM
http://reason.com/blog/2013/10/30/tech-should-make-it-easier-to-escape-the
7829  Bitcoin / Press / Re: 2013-10-30 Russia Today: Code to Cash: 1st bitcoin ATM opens in Canada on: October 30, 2013, 08:14:29 PM
the atm's are going to give a massive liquidity boost to BTC.
7830  Bitcoin / Press / Re: 10-25-2013 YCombinator: Silicon Valley's Ultimate Exit on: October 30, 2013, 05:16:03 PM
Specie drastically limits one's options when it comes to exit. I can move far more value through an international airport via a brainwallet than I can carry in gold or silver.

For that example, I heartily agree with you.  Having carried significant value of gold and silver through international airports, I can attest that it is not effortless.

Your example speaks to physical exit rather than monetary system exit.
No argument against brain wallets, I leave argument that to Gavin.
They each have uses.  Both are "Exits".

For example, it may be hard to leave a brain wallet where, if you are incapacitated, someone you want to find it will find it.
Sure, the protocol allows for coins to be spent automatically after a time, and one could program a dead-man switch to push inheritance out.  Its just something you get for free with material commodities.  Its exists outside a head and outside a computer.  For some purposes, that is a feature, for others it is a bug.

The two are almost opposite in function but united in purpose, and so are excellent compliments to each other.


there's only going to be one winner in the end.
7831  Bitcoin / Bitcoin Discussion / Re: So what do you think the Western union story today will really mean for bitcoin? on: October 30, 2013, 04:18:02 PM
Ouch: http://finance.yahoo.com/q?s=wu&ql=1

I'm still up significantly on WU but what a weird stock. Look at thew graph, the have rather steep slopes upward followed by enormous cliffs. Just like today Smiley

A bit weird as they already announced the price reductions (compressing margins extremely to force MoneyGram out of business) and after that the stock went up a lot.

it's a scam.
7832  Bitcoin / Hardware / Re: HashFast launches sales of the Baby Jet on: October 30, 2013, 01:56:05 AM
well, i told you the magic was going to be in the modules.
7833  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: October 29, 2013, 11:35:34 PM
one day left to sub for November
7834  Bitcoin / Hardware / Re: HashFast launches sales of the Baby Jet on: October 29, 2013, 11:28:00 PM
actually the doc says double hash or 768
7835  Bitcoin / Hardware / Re: HashFast launches sales of the Baby Jet on: October 29, 2013, 10:22:33 PM
More detailed specifications are published for the Golden Nonce chips.

Quote
The general parameters of a HashFast GN ASIC are:

  • Each ASIC substrate contains 4 separate die.
  • Each die contains 96 cores.
  • Each core contains two complete double hash engines, which share work across one job
  • Hash cores may nominally be clocked at 550 Mhz1
  • Hash cores are rated for clocking at up to 700 Mhz under standard operating conditions
  • Clock rates higher than this, and voltage levels lower than the nominal 0.81V, are outside of
    normal operating conditions.
  • Cores search for nonces at (host specifiable) hardware based levels of Bitcoin Difficulty up to
    the ridiculously high limit of 7.922x1028

Therefore, each GN “ASIC” looks like four addressable ASIC's in the context of the previous chapters
in this document, providing a total of 96 * 4 * 2 = 768 double hash cores operating nominally at 550
Mhz, leading to a nominal hash rate of 422.4 GH/sec.

Operation at 700 Mhz leads to a total hash rate of 537.6 GH/sec, but sustained operation at this level
may run into power distribution or thermal limitations, depending on cooling efficiency.

Operation beyond this clock rate, even if maintained within power and thermal limits, may lead to
degraded hash performance as hash cores start to make mistakes. If attempting to do this, host software
should monitor nonce rates and/or perform periodic testing of cores in order to set performance limits.

Modules which are over-clocked will contain logs of such operation, which may void warranty.

It is possible, due to yield, that some core(s) on some die may not work properly. A self test mechanism
in the module micro-controller provides a way to advise the host so that these cores can remain unused.
The guaranteed throughput of 400 GH/sec allows for a certain number of faulty cores.

1 Preliminary data – subject to change

From: https://hashfast.com/wp-content/uploads/2013/10/gn_protocol.pdf

184 cores per chip!?



384
7836  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 29, 2013, 03:40:14 PM
personally, i think the Money Masters in Wall St are what corrupts Washington.  this is the power of the printing press when controlled by private hands (banksters).

that is where the root of the problem lies and this is why we're here.

So I take it to mean that they are important facilitators of great human creations, much like how war industry has bettered human lives in various ways.

it's a basic Austrian principle.  let us not forget:

   "The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class." — Rothschild Brothers of London, 1863

  "Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild
 
7837  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 29, 2013, 02:59:26 PM
personally, i think the Money Masters in Wall St are what corrupts Washington.  this is the power of the printing press when controlled by private hands (banksters).

that is where the root of the problem lies and this is why we're here.
7838  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 29, 2013, 02:56:10 PM
Is it just me, or did he openly declare war on DC and everything it stands for?

watch the Chris Dixon links from above.

Wall St and Washington work hand in hand. 
7839  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 29, 2013, 02:52:53 PM
Wall St is not only holding Silicon Valley back, it is holding the rest of us back.  as in the entire country is being held hostage for a continuous stream of bailouts.

here was my update last May 17:


-------- Original Message --------
Subject:    Conflict
Date:    Fri, 17 May 2013 08:22:19 -0700
From:    xxxxx
To:    undisclosed-recipients:;



I've detected a new dynamic that is setting up that I believe will be a significant factor in driving Bitcoin adoption.  I have not heard this "concept" framed in this manner on the Forums or anywhere else so I believe you're hearing it formally stated here first:

Wall Street vs. Silicon Valley.

I first detected this in Chris Dixon's first interview at TechCrunch here:  http://techcrunch.com/2013/04/29/chris-dixon-plans-on-investing-in-more-bitcoin-startups-says-more-entrepreneurs-are-getting-involved/

Then again in another of his videos yesterday:  http://pandodaily.com/2013/05/16/for-chris-dixon-the-next-big-thing-might-be-bitcoin/

And finally, it came thru again in the GigaOM event last nite which I attended.

The bottom line is this:  The powers to be in Silicon Valley are anxious to snatch the reins of their financial destiny away from the banks and Wall Street upon who've they've depended on forever.  And they are going to use Bitcoin as a launching pad to develop a myriad of technical tools to accomplish this task.  They will also contribute their talents in making sure Bitcoin is secure from attack.  They will also use their considerable monetary war chest to lobby Congress to protect Bitcoin for the long term.  These events are how it's going to play out even though they might not exactly realize it yet.

This is another play on the theme of how "geeks are taking over the world" Wink

I believe they will be successful.
7840  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 29, 2013, 02:43:53 PM
The difficulty is increasing so fast that even though Bitcoin prices are going up, it is hard to catch up with the new eqpt for mining Bitcoins!

I guess the way I see it is that it's becoming cheaper to become a Bitcoin node and more people are doing it.

this is true. 

we all have huge gains to protect and mining or being a node is something all of us should want to do.  not only that, if the coins you make go and add several zeros onto the end you'll not regret it.
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