I'm not suggesting that you had malice like Pirate. You are making your investors whole. It is a commendable thing, and it shows a lot of integrity. I put your name out there with Pirate's because you were problematic in different ways.

As I understand it your problem was that you tried to be a clever fund manager at a time when most of what was available to include in a fund was toxic junk. You tried to do the best you could in an environment which was overpopulated with bad information, and the two things you needed not to leave the market did. Maybe you could have structured the fund better by fixing the ratios of shares between the NYAN.X's, but that is an optimization problem which probably would have still been rendered moot by the collapses of Pirate and GLBSE.

You aren't in my post because you are a villian, but because you were a victim. A victim who through a deficit of knowledge eagerly positioned themselves such that they would be making their investors whole out of their own pockets in the midst of on of bitcoin's more stable bull runs.

I think your silver fund will do better. You are taking a simpler structure and tying your business to an asset with volatile yet intrinsic value. I won't be joining your fund at this time because when I invest in metals I always take delivery, preferring Ye Olde Pawnshop to serve as my exchange of choice. I don't know much about metals funds, but it seems like it would be hard for the silver to lose its value because Nefario runs away with the records.

You are Icarus falling from the sky after the easy bitcoin security industry melted, while Pirate is Pol Pot depopulating Cambodia. Very different stories, but both cautionary tales. People have to watch so that Pol Pot (Pirate) doesn't genocide everybody's money, but they also have to watch their own egos lest they fall from the sky like you did last year.

Sure little things, maybe somewhat embarrassing public things. I doubt he's going to fold up like Nefario did, or pull a bet Mathew's.

Let's be a bit more specific... https://bitcointalk.org/index.php?topic=38453.0

This one continues its currency growth even as it is completely abandoned and unused.

"base64 -d <<<'H4sIAF1aEFEAAwsoTcrJTFbIyy/JTE61UgjJyCxWKMgvLlEA0iVF+Tk5aampKXpcANrrPAcnAAAA' | gzip -d"

or translated "Public Notice: This post is trollfeed"

On any decent system you can just past it into the command line.

Yes it does, but thankfully it happens outside of finance. Bitcoin doesn't need MP to be a jurist or a hardware engineer, so I can easily forgive if he has some misses here and there. We need him to be the capable financier he is though or we'd be stuck with nothing but Usagi and Pirate all of the way down.

I find it kind of endearing. I reserve some degree of skepticism about their comments regarding their direct competitors, but it doesn't tend to be very strong when they carry just a few very strong securities and most other bitcoin securities are pass throughs for MPEX listed businesses or crap.

Trolling is an art form ingrained into the cultural fabric of the internet. Mr. Popescu has embraced it as a marketing strategy and it doesn't seem to be doing him poorly. There's some egg on his face from the Rota experiment and if BFL ever ships a bit more. I find that overshadowed for the most part by the number of people on the receiving end of caustic remarks by MPOE-PR, who very clearly merit them. I'm almost half convinced the abrasiveness is part of a cost saving measure to keep idiots out so they don't have to deal with the tech support or intolerable prospectuses.

I doubt that there is one. I never meant mining "companies" or "securities" as the sort of deliverable investment being referred to. The point I attempted to make was that if someone wants to invest in mining, they probably ought to be buying some equipment.

Shit as in, "This is some awesome shit" rather than "This shit sucks."

PPC- Interesting computer science experiment, why pretend it is a cryptocoin though?


Pretty much. It is hard to see how litecoin continues to trade with such that value even though it is nearly a mining and cashing out only ecosystem.

Also, I like namecoins not because they have value, but because they are fun to play with. If I mined I'd merge mine these. It would be a real shame if these built up some value and stopped being cheap toys to play with. It's really weird that these are some of the least valued cryptocoins.

Avalon already owns the few hundred thousand dollar price range


Only so long as they continue running. It is like a very expensive pause button. A pause button that has to put up with the fact that luck can get the rest of the miners to pick up consecutive blocks. Thanks to Luke-jr we have seen 51% attacks on small altchains and the solution seems to be wait it out.

Alt-coins will always exist.

The way litecoin handles the memory versus processing power trade-off means any litecoin ASIC would be a weird mix of logic circuits and RAM, and even if you try to optomize it for a substantial number of nonces processing power will necessarily beat memory and very slow cycles will happen. This shit is a nightmare if you are an employed engineer and a wet dream if you are a contracting engineer.

I like altcoins, and I think some have very good ideas behind them. I'm pretty sure we both agree that FRC is crap. The big difference between us I  see reading your posts is that you see something magic with TRC that I don't while I'm turning BTC into NMC because NMC are useful.

NVIDIA cards excel in many supercomputing tasks so long as they are trying to model the real world and not break cryptography. From what I understand though at least one of the top two supercomputers doesn't use GPU cores at all and does everything on AMD opteron cores so power efficiency....

I'm not even sure the top three are enough to do it themselves.

I've done very wong math on this forum tonight, but from what I understand it would be between 20,000,000 and 20,000,000,000 dollars to mount a 51% attack and as summaries mention that attack is actually rather limited in the damage it might inflict.

The only truly destructive attacks though go back and start rewriting the blockchain. Anything less is merely inconvenient. On a long enough timeline it could be done with 50.0...1% of the hashing power, but more realistically any serious distance is going to take a long time at more than 90% of the network's hashing power.

Isn't it amazing how trustproof and fool proof are nearly opposite ends of the spectrum.

Sounds good to me. I have zero definite timeline in mind, but if we time it right we might be able to steal all of those cool drugs from the gathering of the juggalos if we go further south in Illinois than I planned on.

Who said we're making a fork and switching to SHA-3 other than that paper I linked to... We can stay on SHA-2, they are just telling us all what to do in a very arcane language.

Thank you.

If we don't get anyone with macro scale chip fabrication experience I'd still like to organize a beer and barbecue, but I'd still like to fill out the paperwork for the picnic site with the event name being "Gigantic Cryptography Device."

Maybe we need a thread somewhere else. Maybe this just turns into a Southern Illinois bitcoin meetup and it's the middle of the summer with no one throwing in for food so we have to pull gar out of the spillway. I'd still like to do this, and gar are delicious when you fry them up like crab cakes. They aren't exactly filling like real meat. I'm hoping to get enough people together to the point we can either get a whole hog or a sweet as caterer who knows how to cook a whole hog for us. Bitcoin's probably big enough that if this becomes a thing we can hopefully get a cow, a pig, and a caterer.

There are zero reasons to worry about there being enough beer though, there will be plenty of that. I might throw in a bounty of a Coney keg of home brew for anyone who can get the standard bounty for killing asian carp in the state of Illinois to be paid out in bitcoins.

Come on... Bull shit in the off topic forum... Days after REAL LIVE BITCOIN ASICs surface in the wild.

You jest.

For pure inconvenience factor I'm thinking somewhere around Carlyle Lake State Park off of US 50 in Southern Illinois http://www.mvs.usace.army.mil/Carlyle/, but if a slight convenience is favored towards those people from Chicago Rend Lake might be acceptable.

Or you all could just blow me away by suggesting somewhere really weird.

You have two choices.

• Avalon delivered shit and will probably do so again
• BFL might deliver shit, but anything they deliver will have lower operating costs

They might continue, but I'm not sure what they have ought to be considered a life.

The altcoin that can thrive is probably going to be namecoin, simply because it has fucking uses.

Litecoin was started fairly, but is only asic resistant for people who care about that. PPCoin has had security flaws in its proof of stake before and if it ever becomes worth anything will probably have crippling exploits found.

Meanwhile boring old grandpa namecoin can act as a torrent tracker. Grandpa can translate .onion links.  Namecoin will let you store whatever shit you need in its blockchain like fucking time stamps. Other than the fact that Litecoin is ASIC proof no altchain presents a convincing reason to mime it unless it is merged mineable.