Any idea if these will be functional on p2pool?
I can answer that: Yes. con, have you had a chance to work on the Sierra configuration yet? |
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This will be very interesting to watch. Does DPR hold the keys to 600k XBT? Probably not, but nobody knows for sure.
He could use it as a bargaining chip w/ the feds. He's likely looking at life in prison for his crimes, and the federal prosecutor is likely eager to make an example out of his case to deter the other online black markets that are already cropping up to take SR's customers. But if he's in prison for life, why hand over the money? Instead he can use it to bargain for a lighter sentence. Unlike the existing banking system, the feds can't take the coins without his cooperation.
He could use it as prison currency. Let's say his fellow inmates believe he has 80 million in untouchable, untraceable internet currency. If he dies, the money dies with him. But he could use the promise of that money to buy protection with the promise of riches in the future. Or he could become the target of inmates who think they can beat the information out of him.
very interesting. |
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Wouldn't it be more likely that the owner made a human mistake and got caught somehow?
Read the indictment. They are monitoring these forums (and much more), they looked how a guy called "altoid" mentioned SR very early on, he had registered that account with his real email ( BTW, Theymos: how did they get the email through which he registered his btctalk account?). So they thoroughly monitored "Ross Ulbricht", and they realized he had the same interests of DPR - they wrote about the same books, liked the same videos... So they started to follow his moves... And they caught him. They are watching. source? |
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Congratulations KNC!
I actually think it's great you got these out close to if not on time.
Anyone who makes Bitcoin stronger is good in my book.
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With Zerocoin they would be able to preserve more of the advantage available to them through proprietary channels.
this would only be a temporary effect to pay off existing corrupt channels of information asymmetry. but by using Bitcoin in the long term, the playing field is leveled and that advantage will erode away. their whole advantage today exists b/c of control of the printing presses. |
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That is, unless the Zerocoin protocols are implemented.
to the global financial system?  As it is, the blockchain is a rich source of data. It will reveal more about the economies it touches—as it touches more of them. I observe by your comment that you do not see this. no, i agree that Bitcoin is already shining a big bright light on the current global financial systems infragilities. it's just that the way you wrote your post it implies that the anonymous Zerocoin protocol could be applied to that fragile system instead of what it was intended to anonymize, ie, Bitcoin. It would also obfuscate more finely grained information that is presently stored in the blockchain. It presents an interesting problem for behind-the-scenes movers of money. On the one hand, it would be a tremendous advantage to them, but only if it preserves the differential in information available to them for a high cost, and nobody else. As long as that fine-grained information is available to any ol' grad student for free it presents much less of an advantage. With Zerocoin they would be able to preserve more of the advantage available to them through proprietary channels. But then, it would also provide more protection, in the form of information leakage, to individuals—somewhat leveling the playing field in the information wars. Bitcoin, by itself, already is a tool that the 99.99% of the population will be able to use pseudonomously to protect themselves. in fact, it seems pretty anonymous in my hands. and it is already changing the global financial landscape even though you might not realize it yet. if the academics can find a way to implement Zerocoin in an effective, efficient way to make anonymity guaranteed, it's all over for traditional Wall Street which depends on information obscurity and well as bail ins. i really hope the folks at Hopkins figure it out. |
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That is, unless the Zerocoin protocols are implemented.
to the global financial system? As it is, the blockchain is a rich source of data. It will reveal more about the economies it touches—as it touches more of them. I observe by your comment that you do not see this. no, i agree that Bitcoin is already shining a big bright light on the current global financial systems infragilities. it's just that the way you wrote your post it implies that the anonymous Zerocoin protocol could be applied to that fragile system instead of what it was intended to anonymize, ie, Bitcoin. |
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That is, unless the Zerocoin protocols are implemented.
to the global financial system? |
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So now that it looks like KNC has a miner and starts shipping the coming hours/days you just switch the threads and start to fuck this thread up?
And for the top of it you are seriously trolling this thread with pictures from KNC after telling KNC for months that they will fail?!
Just piss off dude.
Don't be mad, bro -- i responded to Cypherdoc's disinformation campaign by correcting him. I have initiated constructive discourse with Cypherdoc when he announced his placement as a paid Hashfast shill -- nothing to see here. Carry on with your business, citizen. they are "scheduled" to ship now but they have not "actually shipped". there are lots of us besides me who think it will be 2 wks to shipment. nothing wrong with that. and that is apparently what Cyper was told. just sayin. I don't think they'll ship today either. Of course, we're not talking about the actual shipping dates here, allow me to quote you: KNC is scheduled to ship October 15. any delays and we have a chance. Even if they aren't, we're not that far behind.
I hope you're not implying that Hashfast is more likely to stay on schedule than KNC? by the letter of the word, you are correct. maybe i should have said "projected" to ship by Oct 15. and yes, i have no idea if HF will be able to stay more on schedule than KNC. there is a chance though and it's seems clear the windows of time btwn the 2 have narrowed. one other thing of positive note. i spoke to Eduardo last night and all materials for Batch 1 have been paid for. not only that, he told me wafers for Batch 2 have been ordered and paid for. and the big one is this: the 5x MPP wafers have been ordered and paid for based upon the assumption that MPP will kick in in 3 mo. so it looks like Batch 1 owners can expect to receive 5x their hashing power in free chips as promised. |
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So now that it looks like KNC has a miner and starts shipping the coming hours/days you just switch the threads and start to fuck this thread up?
And for the top of it you are seriously trolling this thread with pictures from KNC after telling KNC for months that they will fail?!
Just piss off dude.
Don't be mad, bro -- i responded to Cypherdoc's disinformation campaign by correcting him. I have initiated constructive discourse with Cypherdoc when he announced his placement as a paid Hashfast shill -- nothing to see here. Carry on with your business, citizen. they are "scheduled" to ship now but they have not "actually shipped". there are lots of us besides me who think it will be 2 wks to shipment. nothing wrong with that. and that is apparently what Cyper was told. just sayin. |
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this is all building in the direction i personally conceptualized from the beginning of my involvement in Bitcoin in early 2011. that of a Bitcoin Standard.
it seems reasonable that derivative products such as BIT will continue to be developed. this is good in that it increases liquidity and velocity. taking it one step further, i can easily see the use of the USD and other fiat currencies being fractionally reserved off of a Bitcoin Standard, much like gold was used prior to 1971.
it would be so easy to implement and it would bring a much needed discipline to the market.
there is no reason Bitcoin needs to bring Armageddon.
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KNC is scheduled to ship October 15. any delays and we have a chance. Even if they aren't, we're not that far behind.
KNC is scheduled to ship *now*, and has assembled boards. Stop lying, pl0x.   going off this thread: https://bitcointalk.org/index.php?topic=303037.0 |
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I ordered a Baby Jet Upgrade. Thanks for giving first round buyers a deal. Please come through first with the 28nm ASICs.
Good choice. Even if they aren't, you're still talking about a chip that is 16x more efficient than KNC's. In the long run we should win out. And Cointerra hasn't even taped out yet. And both of them are using Global Foundries as opposed to TSMC. HF is still on track to get chips by October 17 and that is by TSMC's estimate, not HF's. KNC is scheduled to ship October 15. any delays and we have a chance. Even if they aren't, we're not that far behind. |
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