Fair point. Transactions are verifiable -- and they can be aggregated and measured like dooglus does -- and that too reveals the integrity of the code.

But the popularity of the site really did in part derive from the integrity of the code, which was made open and verifiable.

If any of that would change -- even marginally -- it would surely be noticed, right?

The question is whether, under new management, the site will remain the integrity of its code -- and keep it open source.

Woohoo !

1CkV1H1CA67CjpG5QMxEgVU9tNto51DBHd

Rampion -- you're full of shit. You really don't know what you're talking about.

That said, I'm happy to have met Emmanuel at the Bitcoin London conference, and happy with the deal.

KNC is looking promising, and I look forward to the contracts taking effect in September.

Showed up as a Facebook ad. Do they really know everything ?

http://www.kraterminer.com/

Thoughts?

What is the "difficulty adjustment patch" ?

Aaandd.... we've jumped to over 26 M !

Here's some gossip:

At the Bitcoin London 2013 conference, there was a panel of a few start ups.

A question from the audience for a 23-year old start up CEO:

"What's it like to have the Winklevoss twins as your investors?"

"No comment"

I was at the conference yesterday -- really interesting.

Did any of you go?

From yesterday's conference in London, this is a picture I took of the demo machine by Josh and Zach Harvey of Lamassu. (http://lamassubtc.com/)



You scan the QR code of your wallet and then feed it cash -- and a bitcoin equivalent then gets credited to your wallet. The whole process takes seconds, and you then get another QR code of the transaction that you can verify on the blockchain.

It works pretty well. The source of bitcoins is their own stash and the price updates itself according to a weighted average of several exchanges. It can be set for different currencies and yesterday it was obviously set to sterling.

This was a prototype, but they're going to be selling these to merchants who can hook it up to their wallets.

That was a truly fascinating conference.

Thank you, it's a good and useful app.

One small thing:  the spelling is "Paid" not "Payed"  !

Lol, yea, let's DDOS China. They have it coming.

I live in London -- just noticed this. Sent in a last-minute application, so perhaps will be there also.

It's a pretty programme and good lineup of speakers.

http://www.btclondon.com/#4



08:00 – 09:00
Registration and coffee

09:00 – 09:15
Opening remarks and greetings
Pamir Gelenbe, st-ART

09:15 – 09:35
Some thoughts on Bitcoin and money
Tuur Demeester, Macrotrends

09:35 - 9.55
A tour through the strange and wonderful world of decentralized finance
Stefan Thomas, Ripple

9.55 - 10.55
Panel Discussion: The rising stars of the Bitcoin start-up ecosystem
Erik Vorhees, Coinapult, Nejc Kodric, Bitstamp, Jeremias Kangas, Localbitcoins.com, Jered Kenna, Tradehill, Pelle Braendgaard, Co-founder, Kipochi
Moderated by Isaac Kato, Co-founder, Verne Global

10.55-11:15
Networking and coffee break

11:15 - 12:15
Panel session: regulatory and legal challenges
Patrick Murck, General Counsel, Bitcoin Foundation, Constance Choi, General Counsel, Payward, Danny Friedberg, Attorney, Graham Dunn, Stuart Hoegner, General Counsel, Gaming Counsel
Moderated by Stefan Greiner, Xenion Legal

12:15 - 13:00
Start-up Pitches
Zach Harvey, Lamassu, Yurii Rashkovskii, Bex.io, Tamas Blummer, Bits of proof, Jonathan Rouach, Bitsofgold, Tom Robinson, Bitprice, Ron Gross, bitBlu

13:05 - 14:00
Lunch and networking

14:00 - 14:50
VC panel - investment opportunities in the Bitcoin space
Nick Shalek, Ribbit Capital, Michael Jackson, Mangrove, Stefan Glaenzer, Passion Capital
Moderated by Stephanie Baker, Bloomberg

14:50 - 15:10
Why Iceland should adopt Bitcoin as its national currency
Sveinn Valfells, Bitcoin Investor

15:10-16:00
Fireside chat with Shakil Khan, Angel Investor and founder of Coindesk, Charlie Shrem, Founder and CEO , BitInstant, and Peter Vessenes, Founder and CEO of Coinlab and Chairman of the Bitcoin Foundation
Moderated by Pamir Gelenbe, Co-founder, st-art

16:00-16:20
Networking and coffee break

16.20-17.10
Bitcoin as an asset class?
Yoni Assia, eToro, Luzius Meisser, Bitcoinfund.ch, Gatis Eglitis, Exante, Jaron Lukasiewicz, Coinsetter
Moderated by Garrick Hileman, LSE

17.10-18.00
Merchant opportunities in the Bitcoin Space
Pierre Noizat, Paymium, Aleksandr Lossenko, 9Flats, Grzegorz Luczywo, SecurityKiss
Moderated by Patrice Touboulie, Zipzap

18:00 - 18:10
Closing Remarks
Pamir Gelenbe, st-ART

18:10- 20:30
Networking cocktail

Has ASICMiner been DDOS'ed lately? 

Yea, that would really fuck the market over.... push the price to $500 in a day and then watch it crash.

Depressing stats.

I ordered a KNC yesterday with the option to pick it up in Stockholm (I live in London) -- which, hopefully hopefully, can be done when I'm in town for an international security conference in late September.

It's looking a lot like ASIC mining is a game that everyone is losing together.

That said -- there is one qualification on a positive note: with the rise of ASIC mining and the total hashing power of the network and increase in difficulty, there is also a countervailing trend that may be a source of slight optimism: if everyone is moving to ASIC, then the FPGA and GPU rigs are bowing out, and switching to other coins -- that could mean a drop of about 100 TH/s of the network, counteracting the 400-600 Th/s increase that ASIC will bring about come fall. One can hope.

If Paypal also adopt bitcoin, the price will go through the roof, and the sky, and to other planets....


http://www.slate.com/blogs/future_tense/2013/06/27/paypal_galactic_buzz_aldrin_seti_announce_outer_space_payments_service.html

PayPal brought in astronaut Buzz Aldrin on Thursday to announce the launch of PayPal Galactic, an initiative to figure out a way for people to pay each other while traveling in space or living on other planets.

No, it isn’t a joke. And while it may sound like a publicity stunt, both Aldrin and PayPal president David Marcus promised that it’s also a genuine business proposition—albeit one that remains some years away.

"It’s not unrealistic to predict we’re only a generation away from a permanent human presence on Mars,” said Aldrin, who became the second man on the moon during the Apollo 11 mission in 1969. He added, “Whether it’s paying a bill or even helping a family member on Earth, we’ll need access to money.”

PayPal’s Marcus said the program, launched in partnership with the SETI Institute, would “increase public awareness of the important questions that need to be addressed” as commercial space travel increases. “We may not answer these questions today or even this year, but one thing is clear: We won’t be using cash in space.” John Spencer of the Space Tourism Society predicted that the first “space hotels” will open up shop within the next decade, and will need a payments system.

It’s not a bad idea for PayPal to get in on the ground floor. But that doesn’t mean the company won’t have competition once space commerce gets going. Skip Smith, the former head of space law for the Air Force, told The Verge’s Casey Newton that most people today pre-pay for goods and services while they’re still on the ground. But he said that credit cards could be an option if and when space hotels become a reality:

"Once you're up there, if you want to buy an extra bottle of champagne, they can probably run that on your charge card," Smith said. But longer stays in orbit, and the colonization of new planets, will make that more difficult. Eventually, he said — maybe 20 years from now — new solutions will need to emerge.
Space tourism is already happening on a small scale, with Space Adventures leading wealthy private citizens on trips to the International Space Station, and Richard Branson’s Virgin Galactic getting into the game. But the real money in the next couple of decades could be in deep-space mining, where startups like Planetary Resources and Deep Space Industries are looking to drill into asteroids for precious metals and other booty.

If this is indeed the beginning of a new gold rush—or platinum rush—it makes sense that PayPal, a company co-founded by SpaceX’s Elon Musk, would be there to capitalize. It’s a big universe, but when it comes to the people with the means and vision to explore it, it’s actually a pretty small world.

Well of course it won't work.

ASIC stands for Application-Specific Integrated Circuit -- it's hard wired to do only one thing: mine bitcoins.

It can't do other cryptocurrencies (except namecoins which use the same result at Bitminter).

"Network diff set to 1"