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Is it just me, or do the lights dim when he flips on the BetterFail thingy?
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he was accusing Max of being Satoshi himself, which is absurd.
IKR? Everyone knows Stacy Hebert, not Max, is Satoshi.  |
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Any info on the size of the devices that'll be made for sale? Or will it be devices like they're currently deploying? I think I'd love something smaller to deploy at home.
I hope it will be not too big because that would minimize the potential buyers because of the size of their wallets. Speak for yourselves, I'd like a full rack the size of a refrigerator at minimum. Let BFL and Avalon make the rinky-dink consumer crap. AM should make industrial shit with fat profit margins. Go huge or go home! Like IBM and Oracle, we need to be selling high-ticket Big Iron (and lucrative consulting) to deep-pocket commercial customers. Not Joe Sixcoins. Hoping for something trailer mounted as an upgrade, so I can haul them it to wherever power is cheapest.  20TH ASiCMiNER DragonFire 100TH ASiCMiNER ChainForker |
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Data centers in china are extremely expensive. It isn't a 1:1 comparison.
All the more reason to start looking for cheap power at data centers outside of China. Iceland, Canada, Washington, and Nevada all have cheap power. So do Belarus and Ukraine, from what I hear around here. |
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Quite surprised as to the degree of difficulty of deploying the machines that AM is facing. The networking issue is a bit surprising. While there's always room for improvement, I think AM should be given credit for what they have accomplished.
But I really think AM should create its own pool or solo mine, that saves the pool fee - an "easy way" in enhancing shareholder value . Given the hash power relative to the network, I think it's well worth the variance.
Stratum should let them run all 50TH over a 2400 modem. Making a pool is not AM's core competence any more than data centers. Let the specialists handle those things; farm them out. Better to advertise by taking the top spots on the top pools. Plus the community likes the transparency of using third party pools. |
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Part of my day-to-day work is running a data center, if you guys are in Toronto, more than willing to volunteer my time ~~
^This. AM should have planned out exactly which data centers to deploy at ahead of time. The data centers should be selected on the basis of cheap power and proximity to their pools' hosts. Scrambling around building their own is a big loss of time and focus from their core competency of designing, producing, and running ASICs. |
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I was wondering if you could create some sort of trading card game where the cards are mined and then people take them and use them in a virtual play ground.
Great way to encourage hoarding saving! Tie the quality of items to size/age of a wallet address. The older/bigger your balance, the better skin/sword/level you get. Satoshi would have the Sword of 1000 Truths, of course. Of course, you could simply arrange for a way to let League of Legends trolls players bet BTC on games and get rich much faster.  |
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I think someone mentioned that Coinlab will likely issue 1099's for tax purposes and therefore it seems likely they will require ID verification if it is true.I don't know about the USD redeemable codes though.
That will certainly fix the Goxopoly problem, thus insuring The Scattering ( http://dune.wikia.com/wiki/Scattering) occurs and we remain on God Emperor Satoshi's Golden Path. |
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 The price is falling because of all the confusion about the extra 35k shares! As a service to the community I will accept them in a selfless act of charity, relieving everyone of the stress from worrying about their fate.
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BitFunder is way too awesome to let harebrained schemes like AMC ruin its reputation.  Ukyo, please pay DT, deprived, MPOE-PR, and TF to act as gatekeepers/benevolent dictators for you WRT new listings. |
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A new low, as the drama continues...
I prefer to see this as a new high, in the art of trollery. On which exchange do Inaba's TROLL.MINR shares trade? I wish to support this kind of thing by investing!  |
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One definition of "backed by" is "guaranteed exchangeable for."
Another is "supported by." As in 'Bitcoin is supported by the scarcity of energy available from natural resources.'
These are totally different definitions and the second one is made up. If you want to point out prerequisites to deal with Bitcoins, you don't need to redefine words. Bitcoins need the same modern capital structure that you also need for having dollars and modern banking. Namely, connectivity, electricity, equipment and many people employed in that area. Back to the first definition (which is what most people use): what exactly and by whom is guaranteed to be exchanged for irrevocably spent electricity in case of Bitcoin? The first definition only (strictly/literally) applies to currencies legislatively or constitutionally tied to a commodity, IE dollars on a gold standard. The second definition subsumes the first, is more general, and more useful because it is more commonly used. The second definition is not "made up." You are merely confusing your own lack of education with objective reality. If you Google "backed by" you will plainly see every single dictionary listing numerous variants of the second defintion, as well as linguistic context demonstrating a preponderance of evidence testifying to the correctness of that usage. http://lmgtfy.com/?q=backed+byWRT Bitcoin (and gold), a metaphorical blending of both definitions occurs, allowing Bitcoin's utility to be conceptualized as its backing. |
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Coral castle: Built by one man, with alien technology?  Dude plays way too much Minecraft!  |
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Below spot and free shipping? I'll take 'em! |
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FFS, when is half a market a full market? When ZH reports on it. The BTC side may be trading freely but the snail money side is waiting for the banks to open.
LOL because you said "snail money." Bitcoin will do to banks what email did to the post office. Obsolete and bankrupt is no way to go through life. |
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As an alternate DNS so far it would seem that namecoin is a complete and utter failure (and I own a .bit domain).
Whether it can morph itself into something more useful (say as some sort of key DB that is merged mined) is still waiting to be seen (but if it can I think that it might find its niche).
The demise of Namecoin has been greatly exaggerated. The market determines to what extent it has been a success or failure, and the numerous bids for NMC on Vircurex and BTC-E are telling us they have value. When the banker henchmen jackbooted thugs' capital controls move from Cyprus to Bitcoin, having a technology for distributed DNS will be a "complete and utter" necessity to keep the network routing around the ensuing damage. |
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What do you mean by "backed by"? When we say "paper receipt is backed by gold" it means you can get gold in exchange for receipt at any time. In case of Bitcoin, you are NOT getting back electricity in exchange for your bitcoins, blocks or transactions. Please clarify what you mean by this.
One definition of "backed by" is "guaranteed exchangeable for." Another is "supported by." As in 'Bitcoin is supported by the scarcity of energy available from natural resources.' |
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But but but...didn't Wired report that Bitcoin was "Tired" not long ago? Not at all. They said it was "Expired". Now I'm even moar confused!  If Bitcoin is "expired" then how can "Europeans scared of losing their cash be turning to Bitcoins instead?" Both cannot be true. Doesn't Wired have fact checkers, or do they just let their writers go crazy, and publish any kind of hurr-durr derp-derp crap they feel like spewing? |
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Bitcoin is backed by the cost of electricity (and equipment) required to compute its proof of work.
Electricity comes from natural resources like wind, hydro, solar, nuclear, and hydrocarbons.
Thus, our new Joule Standard is backed by natural resources.
Prepare to meet your doom, central bankers! The era of cryptodollar hegemony is upon us!
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