|
In a PoS currency how do you guarantee that a 51+% stake holder remains a benign actor?
|
|
|
|
|
I certainly remember that I paid 2.1 BTC each for my first block erupters.
|
|
|
|
SP10 Farfegnugen
SP20 Farfegnugen
SP30 Farfegnugen
SP31 Farfegnugen
SPXX Farfegnugen
Whichever you choose pure "driving pleasure".
I'll do a Kim Dotcom and make a custom "SP3000 Turbo" sticker for my SP30. |
|
|
|
The banking agreements we sign in the USA give either party (customer or bank) the right to close an account for any reason, or even for no reason.
There is no obligation on either side to provide a reason, and there is strong incentive not to provide a reason for the bank.
Bank policy is typically to provide some notice, but it is not a requirement.
Rant: Since the US government is discouraging cash and other non-bank transactions and forcing people to use banks to make transactions more traceable, then banks should be treated more like utility companies and laws should be changed to disallow banks from closing a person's account without reason. |
|
|
|
A whole shift of all 0's. I have never actually seen it happen in over a year of mining here.
Crazy. Gotta be some good luck ahead!
I thought we just had one about 1 - 2 weeks ago? |
|
|
|
|
So you've already made the economic decision to upgrade and toss the old boards, and now you want to put them back to work with some kind of home brewed controller? Yet earlier on you claimed that you don't know how to underclock/undervolt the S1 (a far simpler task). I just want to make sure I understand.
|
|
|
|
I am a post-capitalist.
My understanding of post-capitalism is that it could be any one of a dozen different things. Whichever it is that you are subscribing to you are not doing a good job selling it with all your hateful posts. |
|
|
|
|
Nice! If I were buying this I would also ask for optional 1U blanking plates to be made. That way if there were any empty space above the miners you could use the plates to block it off so that the inside of the case would be split into a hot side and a cold side.
I have SP30's but unfortunately I am not running them at home so I have no need for this case.
|
|
|
|
I was expecting more of a fight from Shrem.. They must have scared him good in order to get him to agree to a plea deal.
Get yourself in the same situation and U'll know how does it feel like. Its not very pleasant when the state is against U. Look at Roger Ver. He had to leave the country... The John Galts are leaving the US ... |
|
|
|
So if you have 2 S3's and they're overclocked and pulling 374w each, then that's about 750w, so you should be looking for something in the range of 1200-1500w in platinum or gold rated.
A lot of people from the various hardware overclockers forums like to keep saying this. While it is probably fairly accurate statement, under most circumstances for Bitcoin mining it does not make financial sense to go for that extra 2-3% additional efficiency when you end up having to pay $100-200 more for the larger PSU just so that you can run it at 50% load. |
|
|
|
|
Employ image steganography to encode the private key into some random image and upload to imgur and share it. Nobody would think of looking there.
|
|
|
|
I prefer credit card because if it disappears someday then I can make an appeal.  Sooner or later consumer protection will be in place with Bitcoin. This is just enough repeat of online shopping Yes, and with BTC the consumer will have the choice of whether to opt-in or not for this protection. Many times I don't want this protection yet my CC company tries to "protect" me from paying merchants that they think are suspicious. "For my protection" - my ass! EDIT: I've also had problems with CC and paying large amounts. Last year when I tried to pay for Bitfury rigs (@ $19.8K each) Chase kept canceling my transaction because they thought that this was highly unusual. This was even after I called their security department. I eventually ended up paying with another bank's CC, but my order was delayed because of this.. |
|
|
|
|
The average joe will be the late adopters. Their time will come but we do not need them yet at this time.
|
|
|
|
Full nodes aren't for average users. Most average users that are running the reference client actually harm the network.
99.9% of the people should stick with a light version as their wallet and never care about how the network works.
I agree that thin clients are much better for 99.9% of people. I think that is clear and also intended considering it was in the Satoshi's white paper as well. But I'm not clear on how an average user running bitcoinqt actually harms the network. How so? Because they don't open all the necessary ports to run a full node and so they end up being leechers slowing down the hole network. It is not true that they are entirely leechers. A "half-node" can still relay transactions between 2 full nodes. |
|
|
|
Ok, I think people are still missing my point. That bitcoin has a finite supply like a natural resource, but can't really be used for anything else except for 'storage of wealth." I get that it takes computer energy to mine a bitcoin, and it will take more and more energy, but that doesn't take away from the fact that you can't do anything else with the bitcoin made, except for the market dictated value that people believe in. This market value, will inherently increase as there is a finite supply of Bitcoins. Isn't this a economical problem for the currency, as its purpose is trade and not speculation.
I'm finding that people who think they know really don't know how an economy works.
I think this feature makes Bitcoin an ideal store of wealth. What is wrong with a currency whose buying power does not diminish over time? When the gold standard was in place the US dollar was both a good place to park your money and use to conduct international trade and commerce. Now the USD is no longer a good store of long term value. At this point in time the value of Bitcoin is still unstable, a lot of this due to speculative forces. However once Bitcoin is widely used and has a larger market cap then its speculative appeal will lessen and price will stabilize. There is really nothing wrong with a currency whose value gradually increases over time, which is what you seem to be asserting, so long as the day-to-day fluctuations remain small. |
|
|
|
|
So what is the maximum sentence for "aiding and abetting an unlicensed money transmitter"? Seems pretty mild compared to the original charges so I am not surprised he took the deal. Unfortunately this also means that a court won't be considering the legality of a company like BitInstant. From what I remembered they'd made some effort to remain legit.
|
|
|
|
Yes it is safe to order from them as they are reputable, but based on what is currently happening with the SP30 they might be a little late, i.e. October might mean the end of October. |
|
|
|
He may be brilliant but he is also a socially challenged self loathing individual or maybe so self righteous he cannot damage his rep by spending a dollar.
Obviously you're the one being challanged talking about dollars on a bitcoin forum. Bitcoin is not about making dollars dude. You will loose if you keep that mindset So he hasn't cashed in at all because he believes in his life time the fiat will crash and burn and bitcoin will rise to take it's place and he will be the saviour of the world financial institution. Like I said...nutty. Not knocking bitcoin or the idea behind such a currency but can we be realistic for a moment. I can agree that paper money is essentially worthless in terms of backing but at the moment it makes the world go round, thinking you have the best alternative is not the only reason to not cash in a little bit in the process. After all, there is not a lot he could do with btc to enjoy his life that he could with fiat, just a fact at this moment in time. That's pretty rich of you calling someone nutty and socially inept just because he has not spent any of his 1 million BTC. For all you know he might already be independently wealthy. After all many innovative tech people have made their own money via ground floor involvement in tech startups and the like. I'm sure he has his own reasons why he hasn't touched those coins, but he doesn't need to explain or justify them to anybody. |
|
|
|
|
All this is cool but I hate my smartphones. I find them very intrusive because anyone can call be anytime and interrupt whatever I am doing (even if I don't pick up but just check who was calling). Plus I travel globally and I don't have a single phone that works everywhere, so I ended up having 3 phones with 2FA applications spread out between them. Very annoying devices.
I guess what I am trying to question is why must every new technology be smart phone based?
|
|
|
|
|
Show Posts
