Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.
You really need to read more than headlines, you just keep making yourself look like a fool. Look like a tool? Im the first person on these forums to call this China thing major bad news and predict a slide down to the mid hundreds. Now go troll somewhere else idiot. Modesty at it's best. Lets see if I got this right. China releases announcement. Everyone circle jerks over how this is actually good news ( http://imgur.com/3TAAoon) I come on here and make the first real thread saying why this is bad news and implications. I get crucified, called a bunch of names, ignored, etc A day later I stick by my guns and predict that price will slide down to mid hundreds. Several hours later Chinese vendors remove BTC pricing (as I predicted). BTC crashes to mid hundreds. Now I come on here and see people are still talking shit about me?! Cmon man, what you want me to say at this point.. Bootlace you have to realize the majority of forum members come from deprived 3rd and 4th world countries you have to excuse their mental capacity. All they understand is Bitcoin made money Bitcoin good. They think Bitcoin will live forever where 9 out of 10 times the first company in a new industry gets replaced. Let them enjoy their stupidity and we can come back a few years later and abuse them. If they haven't moved on to the next greatest thing that will never get replaced because its the greatest in history and nothing can replace it. |
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because only one company in the world can make a professional mining-rig?  Because only perhaps 3% of the world's population can. Additionally note that funding for mining in Bitcoin dies. Additionally imagine how much easier it is for a government to buy up all the supply of ASICs and/or force the companies (as the NSA has done to the major telecoms and internet companies even preventing them from telling us), versus them trying to buy up enough PCs to compete with all the PCs we already have. We need a PC-only mining altcoin. Support the co-operatives!
That is centralization.
The catch is that by the time if you get said [ASIC] machine the difficulty will be so high that you will be lucky to ever see a roi.
OP please correct your typo on the thread title, "decentralization". Yep but it's ok peoplr will cry when they buy Bitcoins at $10, 000 a coin. Hence why I am awaiting eMunie its basically hard drive dependant, and solves alot of the other issues massive price swings for one. No this isn't an eMunie thread for all you trolls. |
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You're all welcome for whoever listened
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deisik: I feel your pain, debating these Troglodytes.
That said I think the Quantity Theory of Money could be of assistance. It is a simple and ancient formula that every economic school aknowleges.
The Formula is M * V = P * Q
M is Money Supply
V is Velocity, the number of times each money unit is transacted in the defined time period
P is the Price level of Goods and Services
Q is the Quantity of Goods and Services exchanged during the defined time period
Now once we have this formula we can clearly see that when any one factor is going up or down it must be balanced by a movement of one or more of the other factors (which factor tends to move more or less is a whole other area of debate).
If we assume that Q quantity is going to rise then their are 3 possible response, P decreases (deflation as prices are dropping), or an increase in V or M. Now in BTC M is completely fixed (and in reality it will decline slowly from lost coins). So this leaves only higher V and lower P as options. Velocity in BTC could indeed rise a lot as most coins are hoarded but the overwhelming attitude is one of holding onto coins with a death-grip, and even if people did hoard their are probably practical limits to have high V can go. This leaves a falling P as the only real option and hence the prediction of deflation (which has been spectacularly correct). Really their can be no argument here both the pro and anti BTC sides of the debate expect deflation.
And to this OP and every other mentally incapacitated troll /end thread |
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There is no minimum amount of hashes that one needs to produce to contribute to Bitcoin mining. It's totally parallelizable.
Nobody is going to run a machine for a few cents or dollars, or run at a lose of electricity cost. Even if they run a small unit just to sort the network, their 10gh is nothing compared to THs and PHs large miners will deploy so end of the day, your small miner becomes smaller and smaller share of the network. |
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Well as difficulty increases and Th's upon Th's is required to mine anything profitable, bitcoin easily becomes centralized as no average person can even run these systems without upgrading their electrical wiring.
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But their site and pics are so nice  Yes I especially love the architecture of the machines that look like modern abstract buildings lol. |
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If the gox monthly chart closes with the current pattern, get ready for the crash. The weekly has already confirmed a high probability top.
Sell and buy back later
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I am a reseller and can place orders for you, will not charge a fee PM.
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What is the cost of a Neptune?
Phil
$9, 995 |
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Can anyone vouch for you? I see no trust ratings on your forum account.
I will try to contact some prior people hopefully they can give me some trust ratings. Secondly, your paying KNC directly I am not touching any money, and will send you a screenshot of the order in your name. |
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Hello guys,I am an original 1-500 customer you can order your Neptunes directly here if you are not a customer.
I will create an order for you under your name and information then you directly pay knc.
I won't be charging a fee for this, it's free. I have done this in the past.There is no fee, just hopefully enough order and they might reward me with a miner of my own.
Spots are limited as it's a very small batch. Prices will also go up once it's open to the public.
Enjoy and PM if interested
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Hello guys,
I am an original 1-500 customer you can order your Neptunes directly here if you are not a customer.
I will create an order for you under your name and information then you directly pay knc. I won't be charging a fee for this, it's free. I have done this in the past. There is no fee, just hopefully enough order and they might reward me with a miner of my own.
Spots are limited, and prices will go up once orders are public, current base price is $9, 995.
Enjoy and PM if interested.
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I am an existing customer you can order from me, send me a pm, no upcharge or fee. Have done this before with Jupiters.
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I am an existing customer you can order here from me, no upcharge or fee. I have done this with people before.
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I am a prior customer and can order Neptunes everything will be under your name, PM me offers
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Does Knc only accepts Bitcoins as a payment method for their Neptune?
No bank transfers also, let me know if you would like to place an order as I am a prior customer and can order it. |
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I am a prior customer and can order Neptunes everything will be under your name, PM me offers
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Pm offers if you would like to order a neptune I have done this before for Saturns
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PM me offers if you want to order Neptune I am a prior customer and can order them
Same here, can't likely raise that kind of capital to get one myself but seems a waste of my abilities as a previous customer. It's a shame they're not make some in between models like previously as I bought a mercury previously and would of been happy to get just a new one with 2 cores, even better if they had stuck to there promise of making their hardware upgradable. This is their supposed last consumer product as people will barley be able to run these in their homes. Looks like bitcoin is going to become centralized. |
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