Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take away from them the power to create money and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money. Attributed to a director of the Bank of England. Was reminded to the brilliance of this quote yesterday by a friend. For any that missed it. One to stick in the memory banks. IAS |
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@ Its about the sharing.
My only ulterior motive is to not see the same scam happy shit storm that was BTC asic development happen to LTC.
You may be happy to bury your head in the sand and pray a completely novice startup, run by guys I've got whiskey older than, working out of an abandoned kebab shop won't lose even more bitcoin millions. I'm not
You seem to think the failure of a company like Alpha only affects their customers. It doesn't. It reflects on the whole crypto community.
If we keep lowering the bar we'll continue to get ripped off. Scammers are circling the crypto community like hungry wolves and all you seem to come up with is "Be positive man"
After the fall of Gox, we're just a couple of high profile failures away from mining for pennies again. So excuse me for wanting to make sure I protect something I've put years and thousands of £'s into.
BTW. It was the constant pressure from people like me that got Alpha to even show up here in the first place and my posts about KNC on this and the litecointalk thread got you this hastily cobbled together upgrade. But hey I'm just a hater right?
Anyway I'm done here. I was just hanging around to see what Alpha would come up with next. I was hoping they'd throw in a couple of strippers and a weekend in Vegas then I'd definitely be in. Alas they didn't so I'm out of here.. Good luck.
I'm not trying to chase you away, what I'm saying is, you would do more good by being more realistic and giving EVIDENCE. What good does it do attacking people who clearly have a business plan and are communicating it every step of the way? Why are they scammers? Can't they just be a new company trying to get a product out? And they only asked for 30% down, no one else has or had done that. You call it protecting, but it looks an awful lot like just plain attacking. Show me the evidence, you can't go attacking based on mostly groundless assumptions. This form of protecting is like a woman who was hurt by one or two guys and now hates all guys who look remotely like the men who hurt her, and can't see any good in them. (I only mean this as an analogy, nothing personal meant.) I think its great for you to show your side of things but just do it in a more productive and constructive way, it would help then. Just attacking looks just like attacking and nothing of substance. That said, and related to what I said above, I am concerned about the wording of their recent release. Notice what I posted on their forum: I've been fully behind Alpha Technology but I have a question. In the email I just received minutes ago, the first line states:
We are pleased and grateful to announce we were able to agree 90Mh/s with our partners and still start shipping as soon as July giving us a clear lead.
But two days ago on bitcointalk.org Fiaz said "...but the fact we were the first to start means we can guarantee shipping in July."
I know I've seen the "guarantee" mentioned before, as well as the Road Map mentioned July 15th.
I just defended Alpha Technology on the bitcointalk.org forum and a poster mentioned/questioned Fiaz about the use of the word "guarantee" regarding shipping.
Then the email came a few minutes after my post.
Are the changes going to push the shipping date back, are you trying to protect yourself by backing away from "guarantee", or?
Again, I'm behind the company but this small change in wording caught me off guard,
Sincerely,
IAS
IAS |
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retro72 - I'm curious. What is your intention here? It doesn't look like you are looking out for people. Judging by the content of your posts, it seems like you are just judging Alpha Technology and trying to scare people from doing business with them? You only see the negative. I see the risk and the positive, but you are just one sided. Who wants that kind of perspective here? Just people who are interesting in stopping Alpha Technology. Us customers are very aware of the risks. In large part we have been in this game before, with btc. The language in which you speak seems like you are trying to nitpick. For example you asked: True. But who in their right mind would buy this pre-order now that KNC have announced? I don't have $10,000 to buy a miner from KNC Miner (that was just announced yesterday) but I can come up with 1500 Euro since I put 500 Euro down and have some time to come up with another 1000. And this started MONTHS ago. The only other choice is a group buy, but I'd like to have the rig and again, KNC Miner just made mention of their rigs yesterday. The best you can say is my quote of you above? That has alterior motive written all over it. You are too one sided and considering everything communicated thus far, you are off base, and clearly. With Alpha we have gotten updates which is pretty comforting and they are on track. They have been EXTREMELY communicative to us customers. They have responded on their forum to my and other peoples questions. But you skip over everything positive and focus on the hate. That just isn't reality. Also, they are located next to their family accounting business which has been around for years in England. They are not about to run off with our money. I just don't get your hating unless you have an ulterior motive, and to be honest, judging by your language and totally negative posts (which is unrealistic - you should see both sides of an issue), I'd say you do have an ulterior motive. What is it? You sure are not creating comfort here? You want everyone to drop their orders, would that make you feel like you are doing a service, or would you be earning a paycheck? My suggestion to you, since you seem so intent on giving them out, is to look at the good along with the risks. People see through one sidedness quite easily. Peace out, IAS |
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The Gridseed was dead before not on arrival because their policy was clear: for every $6 you give us, $1 goes for development, 1$ for your product and 400% for us to make free hardware with your money.
For Alpha-t i will be seriously willing not to pay the remaining 70% and get a 75% refund of the deposit minus 70£ i will still be better off than with junk 5MHs when everybody else is mining by the 100 MHs
There are many ways Alpha-t can recover, for example open batch one again for more people with a large ticket fee of say 10%, of course no one will take that offer before a singing and dancing prototype is produced.
Wow, KNC putting out a 100Mhs Miner for $10,000 USD? When did they start having those for pre-order? That is a game changer. Dude I told you this would happen back in December. KNC had said they would make a scrypt miner the day they started. Its been in the pipeline for months. But none of the Alpha T crowd wanted to listen. The post from Alpha T and the hastily copy and pasted news letter stinks of desperation. They have been caught completely with their arses hanging out and are trying anything to stop the flood of refunds. Its absolutely ridiculous to guarantee shipping in July. What will you offer if you fail? The coin they would have made if they had been mining? It's pretty easy to make all sorts of promises on an internet forum. You lose nothing if you fail. You go back to being accountants. Your customers lose their money. I'm amused it took me posting the KNC link on this and the litecointalk thread for you to dream up this "upgrade". You must really have your finger on the pulse over at Alpha tech HQ. You're no doubt running around trying to figure out if you have enough money in the kitty to fund it, if you have to open up batch 2 or just head for the Bahamas. BTW if you do decide to get a refund don't let them fob you off with 70%. Contact the citizens advice bureau or trading standards and get a full refund. Their refund policy is totally illegal under the distance selling regulations in the UK. Well, what KNC did (which was inevitable) has cause me to get 2.5X as much or more hashing power (or so) for the same price! I am so damn stoked about this! KNC Miner is probably going to deliver 111MHs or something like that for $10,000. About $90 per Mhash. Alpha Tech was at around $250 per Mhas (on the 5Mhs model, assuming 6 was delivered). Roughly, Alpha probably will have to up the Mhs to 15 or so to make things roughly equal, a bit more than double. Of course they designed the units for something like this happening. Chips are CHEAP, the problem could be in the design. Doubling the chip quantity IS NOT the same as doubling everything else. Just put another board in. It reduces Alpha's profits but such is things at the start of a venture. So, no worries, I'm all smiles. Still not finished with the experiment of course. Alpha Tech via KNCMiner basically gifted those of us who took a chance a nice reward. Thanks Fiaz for upping the hash. You guys did what you had to do and we thank you for it.Note - It is primarily non customers writing the complaints, perhaps all. Most of us have stuck through the experiment and history making.  We appreciate the feedback and such along the way.If you guys deliver on time you will have done what KNC Miner did AND MORE!Congrats everyone, Its about sharing. |
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The Gridseed was dead before not on arrival because their policy was clear: for every $6 you give us, $1 goes for development, 1$ for your product and 400% for us to make free hardware with your money.
For Alpha-t i will be seriously willing not to pay the remaining 70% and get a 75% refund of the deposit minus 70£ i will still be better off than with junk 5MHs when everybody else is mining by the 100 MHs
There are many ways Alpha-t can recover, for example open batch one again for more people with a large ticket fee of say 10%, of course no one will take that offer before a singing and dancing prototype is produced.
Wow, KNC putting out a 100Mhs Miner for $10,000 USD? When did they start having those for pre-order? That is a game changer. |
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I just checked the btc chart and yes, those numbers are correct. What is even more interesting though, is that Pluto is at 13°34' on the 15th. BTC's Sun is at 13°30', so essentially this Grand Cross is sitting on (just after) Bitcoins Sun.  IAS Yes, it's funny how tied into this grand cross BTC's chart is. Makes me wonder if we'll some major financial developments around that time; a few recent events are similar to the crash of 2008 (copper falling rapidly, shipping prices falling rapidly, gold going up), so perhaps we'll get a Lehman redux. I wonder how/if the people of the world will react if we start chucking trillions of freshly created dollars to private banks, again. Things in the Bitcoin space are seeming to explode this year. The writing is all over the place. Just look at last year, you heard of the occasional investment into the BTC space but this year, 20 million to a Chinese exchange and the millions are pouring in all over the place. There is an exchange opening in NY and in other states in America. Overstock.com did 1 million of btc business in 2 months and is estimating 10 million I believe, by years end. Amazon and NewEgg, not to mention Ebay, are right around the corner. It is getting to the point that accepting bitcoin will be cool. We are on the precipice of an explosion guys (not necessariyl price, but that probably follows), and I wonder how many see it. It is like we are going from just discovered to known. This year will move from the early adopters to mainstream. Regarding the Grand Cross, again, it is an interesting one. Uranus and Pluto are slow transits and tough ones most of the time. But Pluto is not a first pass, a lot has been worked off. And Mars and Jupiter are involved, just adding strength/energy/benevolence to bitcoin. Even if an adjustment in price comes (Say down to $400 as some are saying is possible, if we don't hold here) I think we shoot over $1000 and don't look back (within a few months of bottoming). I'm not meaning this to be about price, but price will be an easy indicator of adoption and "success". In 3 days, starting March 20th, the Sun will once again move through Aries in Bitcoins chart. Last year that transit coincided with a meteoric rise (to 266, from the mid double digits). Bitcoins rising sign is Leo, the Sun for bitcoin is KEY. A new fire sign, an aggressive one, is approaching, and yes, during a grand cross where it's planet (Mars) is involved (and in Libra - cooperation). And Jupiter is giving its "expansion" as well. I don't know what to expect, an explosion up? A drop down to 400, then an explosion up? Something is UP though... Get ready for some fireworks. Would be perfect timing for some Amazon, Ebay, or New Egg news, no?  Its about sharing |
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Seems like I'm not the only astrologer looking at mid-April being potentially rather memorable (this is even in the lamestream media): Susan Miller has important news for us. " April's so scary that I'm giving classes on it," she says, tracing a series of points on her impossibly complicated astrology chart. "Look, we have a perfect square on 15 April – 15 April! You've got Jupiter at 12, and Uranus at 13, and Pluto at 13, and Mars at 16 – but wait! It's going to get a little bit worse." She furrows her brow while she studies the chart. "Look at 29 April!" I look. "Some people feel the stock market is…" She pauses for such a long beat that I offer to complete her sentence: "…going to crash?" She shakes her head. "This is even worse – we've not had this since the American Revolution." I just checked the btc chart and yes, those numbers are correct. What is even more interesting though, is that Pluto is at 13°34' on the 15th. BTC's Sun is at 13°30', so essentially this Grand Cross is sitting on (just after) Bitcoins Sun. As Pluto approaches things (or makes angles to them), it destroys the false, it transforms and regenerates. Such would be the case of a corrupt and/or badly run Mt.Gox seeing it's demise. With any transit, it depends on the underlying situation though. Two different people (or an entity such as btc) can experience (and usually will) the same transit differently, as the underlying situation that is being "worked on" is different, individual, etc. I'm quite happy BTC has withstood this last Pluto transit. Last years in April saw a rise then a big drop (again due to Gox). That worked off a lot of what we had to correct but obviously, judging by this pass, all is not finished. BTW - Pluto goes retrograde on April 15th, so it will go back over Bitcoins Sun. In a sense, we will take a closer look at what just transpired and hopefully, we got most of the corrupt things out. But being that many of bitcoins investors are just concerned with getting rich, one should be careful here. (Not all mind you, just an observation.) The meaning is much much bigger of course. Bitcoin changes how money is done and JUST for starters. We all know it is so much more, our "little" Trojan Horse. Getting back to the transit in its totality, Jupiter is feeding this Grand Cross (opposing BTC's sun). It expands, in a beneficial way, whatever it touches. I have hope for these transits, but time will tell. An opposition though, is a bit harder than a conjunction. Still, a nice transit imo and it adds power to BTC's sun, which it will need. Mars also adds energy in a sense, but a more aggressive, want based form. It is the warrior and it will be poking btc's sun in the side, so to speak. A bit of an irritation, a be careful time. Relatively fast transit. Uranus (in Aries, Mars sign) is also squaring Bitcoin's sun. Sudden and shocking change. We are feeling like rebelling at this time, and I like that! But a bit too impulsive, so we need to be careful. This is a slower moving planet, so the effect is longer lasting. We will feel Uranus and Pluto a bit longer than the quicker planets (1 month or so past the 15th, Pluto even longer.) The Mars and Jupiter component is more the 2 weeks or so leading up to the 15th an 3 weeks or so after that. Check your charts I might be a little off and it is open to interpretation (I used like 2 degree orbs). This is a doozy. Sorry for the quick overview, really an understatement. Big time coming and the real Bitcoin will come through the other side. IAS |
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It is very very safe to say that both Amazon and Ebay will be accepting bitcoin, the question is just when. My bet is this year.
The Overstock and Tiger Direct numbers make this a business decision, they can't miss out and they know it.
The CEO of Overstock.com said some big multibillion dollar companies will be accepting bitcoin this year but he wouldn't say which, but said he knew.
Not sure how many businesses fit that profile but it is safe to say that Overstock made it all but mandatory for others to follow.
I think bitcoin is at $10,000 next year. Just look at the VC arena and businesses moving in. We are sitting in the calm before the storm.
IAS
ps - I don't think we have to do anything but some emails saying "I'm taking my business to Overstock due to bitcoin." and the like, worded a bit friendly, might expedite things.
Bitcoin will turn into a cool meme, then look out.
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I think you should probably review some of his professional writing before you decide that is the case.
Anyone can correct an email if given time. Satoshi's correspondences with Gavin and the team, were the ones Satoshi just "wrote" (more spontaneously) and those emails that Dorian "just wrote", seem on another lower level. |
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I believe p2p message was Dorian himself, it felt desperate to me.
I thought it felt desperate too at first, don't ask me why. But I ultimately had to dismiss that feeling because of the fact that it was only 5 words.  the timing was desperate, he had no choice but to do it. It's obvious satoshi stayed away from posting anything despite so many storms hitting bitcoin all these years. But when they came to his turf (Dorian) he ran out of options and used all his arsenal. To me right now Dorian is Satoshi, there is enough evidence proving he is Satoshi and not enough that he is not. If more evidence arises that Dorian is not Satoshi, then i will change my mind. You are retarded. Good job Leah, now a bunch of retards will forever think an old asian man who can't even type english very well created Bitcoin. derp The guy is a highly educated programmer that has worked on classified military projects in the past. Why do you think he can't communicate via written English very well? lol Because emails from him say as much. |
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Dorian's email and Satoshi's emails are on different levels.
Dorian is not our Satoshi, thank God...
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it's him.
he can't sue anybody.
because he's lying.
You have a great argument. The way you present things makes it so clear now to us who can't see the light. Thanks for pointing out the logical Fallacies, or should I say phalicsies? And the clincher is your Avatar... I loved the "I never communicated with bitcoins." line. That clinched it for me... |
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Price manipulation would generally create arbitrage opportunities that would be exploited to the detriment of the manipulator, so I'm not sure it's an issue.
Specifically, if they artificially lowered prices, I would buy cheap from them and resell elsewhere , taking profit out of their pocket. If they artificially raised prices, I would buy elsewhere and sell to them, again taking their money.
Yes, that makes sense. But once again look at the gold market. They sell naked shorts to push the physical price down. You can't just buy the physical at a certain price. The digital markets can crash the physical markets and then the manipulators come in and buy. There are limited bitcoins though, so I do think arbitrage would catch up, depending on their timing of the digital dumps. And also, my big worry was one BIG exchange. If that doesn't happen we probably have much less to worry about, not to mention increasing transactions taking the price up alone. Luckily the low float of btc and wide adoption will probably win out over the powers that be, not to mention their crumbling inflated fiat. IAS |
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bitcoin can work with NO EXCHANGE at all.
open forum, work with email ... exchange BTC.
it's all.
True, but we can't put the cart before the horse. We are not quite there yet. In the meantime we need to maintain some control. |
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I’m not sure how many of you are familiar with the gold and silver markets and how they have been manipulated primarily through naked short selling of puts. They are also “managed” via sales from central banks. If you are curious here, just do a search on GATA. The last thing a government wants is a rush to a new (or old – gold) currency.
Bitcoin is something different, but don’t put it past governments, central banks, large institutions, intelligence agencies, etc. to work together to “control” cryptocurrencies from interrupting their monopolistic control of monies.
One of my concerns is that a large US Exchange (e.g. SecondMarket) will become the next GOX (too much control) and other exchanges will follow or be heavily influenced by its price. We need to have some form of transparency as the GOX debacle has shown us. If a new and big exchange comes out, what is to stop infiltration due to “National Security”? - Price manipulation would ensue and we would not be allowed to have real price discovery. Not to pick on SecondMarket, but if it is on Wall Street, big money is going to go there (maybe making it a leader of sorts) and it will be ripe for manipulation.
One thing that might have happened at GOX was naked sales (virtual) to drop the
price down. What is to stop this in a new and large exchange with the intent of “controlling” the bitcoin price? SecondMarket even talked about adding an orderly bitcoin price by having buys go through at pre-determined times in groups or the like (to orderly match buyers with sellers, so as to cut down on volatility). It seems to me we need adoption and not management here.
There must be accountability of private keys. We must be able to ascertain that buys and sells are real and not virtual. In gold terms, we must in a sense,
“take delivery” of our “assets”. The technology is there for this. Do not be overly confident that the market will adjust. Bitcoin is the only free market left, that I am aware of. (Harder to control a decentralized market that is, in a sense, outside regulation.)
Clearly, decentralization of the exchanges would stop one exchange from leading others.
They can’t outright defeat bitcoin but be sure they will want to “manage” it.
Its about sharing
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Bitcoin's Zodiac Forecast, for Monday, 3rd March 2014
Instead of looking into the future, this week, let's look into the past. Let's go back to a time when you had a more innocent outlook; when your hopes were higher, your dreams were brighter and your views were somewhat less jaded. Once you thought almost anything was possible. What, other than a disappointing experience, has caused you to change your mind? OK, that's enough history. As you now move forward, you are returning to a sense of optimism. Some truly remarkable achievements lie ahead.
Is this what you mean?  |
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I am going to laugh so hard when you will all realize that this is nothing but a scam.
I will laugh for a very long time.
You sound like a caring guy. You are looking out for scams in order to laugh at people hurt by them? Go on then. If you haven't followed communication in the thread, things are looking VERY good with Alpha Technology. I'll make sure to pm you when mine arrives. |
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Ok, I confirm. Mining quarks does take a lot less power.
Really, this is interesting. I wondered when he posted that if the GPU was just not being used in the same way. Anyone else? |
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The last post of that thread in the first post will probably be the most helpful.
Start Bitcoin, and google for "what is my IP address" and write it down.
24 hours later when Bitcoin has eight connections, google for "what is my IP address" and compare.
Likely you have crappy DSL using PPPoE that is forcing a new IP on you regularly.
Thanks deepceleron, I did as you suggested (wrote the IP down last night) and you were right! Thanks for the suggestion. I will call the DSL company and see if we can get a static IP address. If not, I'm already unhappy with the connection, just terrible, I'll get cable in summer when this contract expires. Man, are the ISP's lowering everyone's bandwidth or what? IAS |
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is there still only the proprietary miner?
I am using minerd on Linux. (I think that is the name, that is the program I run.) You can use the wallet but don't think that is really practical, neither is profitable. The new wallet will supposedly have an ability to support the network with a 20% CPU button (or the like). IAS |
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