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981  Bitcoin / Bitcoin Discussion / Re: Memorable quotes on: June 30, 2013, 11:39:14 PM
I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party.
- Satoshi Nakamoto, November 1, 2008

+100000
982  Bitcoin / Bitcoin Discussion / Re: How hard is the 21 million cap on bitcoin? on: June 30, 2013, 11:36:57 PM
If LTC keeps gaining popularity, you can consider it all one big group of 21 million + 84 million.

Unless 1 LTC become exact same value as 1 Bitcoin, I don't see how can it be 21 million + 84 million. Also LTC serves a different purpose.
983  Economy / Securities / Re: ASICMINER Speculation Thread on: June 30, 2013, 02:10:29 PM
It's going parabolic. AM's value didn't go up 40% in 2 days, so why should the share price be. This is a bubble.
984  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 27, 2013, 03:33:11 PM
Keep in mind that ASICMINER's shares produce ~1M USD in income monthly for the company. I'm hopeful that they are doing a *lot* to fend off competition.
^ This. Not sure why people think ASICMINER will settle for throwing away all it's good work so far / massive headstart.

Have you heard the phrase: Success breeds complacency?

Just look at how SDice went down the toilet after hugely successful head start.
985  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 27, 2013, 03:28:38 PM
You realize that several companies are coming out with 28nm hardware in 3 months or so, while AM is THINKING about developing 56nm hardware. Once the 28nm asic hardware hit, they will blow the 120nm current AM hardware right out of water (basically 10 times more power efficient than AM hardware while producing much less heat and occupy much less space).

Is it accurate to say that we know that AM is only considering 56nm chips?

I'd venture that it's more fair to say we have no idea what AM has in the works.

I believe BFL's 65nm hardware is already making a huge dent in AM's hardware sales, AM's drastic price reduction is evident. AM's 120nm ancient hardware will soon be a low margin business, or maybe even no buyers will consider it anymore. AM either have to come out with 56nm hardware in 3 month, or watch competition dominate the hardware market, and soon the mining share.

Going for ancient chip design has won AM an early lead (because 120nm was very easy/cheap/fast to produce). But will ancient hardware win every time? or will cutting edge 28nm hardware win in the long run? we will see
986  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 27, 2013, 03:18:39 PM
people are holding shares...
few weak hands will buy back soon.

I feel the price is overvalued right now. They will buy back at lower price probably, below BTC3

I sold majority of my holdings at BTC3.47 yesterday.

I disagree with this statement. Granted, in Bitcoin mining everyone is always looking for a month to 3 month ROI. However, I feel like with this security having so much future potential (mining hardware at cost + hardware sells + generation2 chips), ~30% APY is a completely reasonable price for one share.

Also, there is quite a bit of buy support above 3 BTC, with 192 bids above 3 BTC on Bitfunder (I don't visit the other exchanges so I'm not sure about elsewhere.)

You realize that several companies are coming out with 28nm hardware in 3 months or so, while AM is THINKING about developing 56nm hardware. Once the 28nm asic hardware hit, they will blow the 120nm current AM hardware right out of water (basically 10 times more power efficient than AM hardware while producing much less heat and occupy much less space).

3 month ROI sounds about right, I'm definitely not going to gamble on 3 year ROI, actually I think there's a 90% chance AM share will be worth below BTC1 in one year
987  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 27, 2013, 02:43:40 PM
people are holding shares...
few weak hands will buy back soon.

I feel the price is overvalued right now. They will buy back at lower price probably, below BTC3

I sold majority of my holdings at BTC3.47 yesterday.
988  Other / Politics & Society / Re: Best/worst places to be in the United States once the USD plummets? on: June 24, 2013, 07:50:32 PM
Regarding protein, why not just get it directly from roving mobs and bandits?

lol you think you are the only one with guns? Good luck defeating bandits/mobs with guns.
989  Other / Politics & Society / Re: Men on Strike: Why men are boycotting marriage, fatherhood, & the American Dream on: June 24, 2013, 06:14:46 PM
The job market is just more women friendly, it's easy for a female to find a job.
990  Other / Politics & Society / Re: PRISM - Who else is disgusted by this? on: June 24, 2013, 06:09:54 PM
Quote
At first I was thinking FF plugin, but just to spite the bastards, let's make it a Chrome extension.

Next problem?

I can't dare to use chrome/chromium anymore after Google sold his soul to NSA.  Undecided

I'm back to my old and beloved Firefox wife.

I should have never betrayed her...LOL

I never left firefox, chrome is crap.
991  Bitcoin / Bitcoin Discussion / Re: BitCoins for Edward Snowden. on: June 22, 2013, 03:09:27 AM
The guy makes $200k+ per year while working at the NSA, he probably don't need money right now.
992  Economy / Service Discussion / Re: MtGox Problem on: June 21, 2013, 10:29:35 PM
I wish a new exchange would appear that can be as safe as MtGox , but avoid all of these stupid problems.

what? you are talking about "I lost all my customer's email and unsalted password database mtgox?"
993  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 21, 2013, 10:24:47 PM
BTC3 here we come

I'm a fucking oracle.
994  Alternate cryptocurrencies / Altcoin Discussion / Re: LTC to MTGOX this July? (maybe for real this time?) on: June 21, 2013, 01:49:15 PM
lol mtgox may go out of business before LTC is added to it. Have you noticed mtgox is constantly dropping market share? from 90% a few months ago -> 80% -> 70% -> 60% to now 50% of market share of exchanges.
995  Economy / Service Discussion / Re: MtGox Problem on: June 21, 2013, 12:04:35 AM
Mt.Gox handles much less than 80% these days:

http://bitcoincharts.com/charts/volumepie/

Still significant though.

Yep, much less, also that chart doesn't include every other exchange such as bter.com, I often use bter.com to trade my BTC into CNY, the volume is pretty significant there.
996  Other / Politics & Society / Re: "Dollar headed for 'multi-year rally' " on: June 20, 2013, 11:48:02 PM
Yep, word on the street is dollar is going to rally against other currencies. Now the question is will it rally against Bitcoin.
997  Alternate cryptocurrencies / Altcoin Discussion / Re: [BTB] Client 0.4.1 update. protocol changes on 23th June 2013 on: June 20, 2013, 10:03:41 PM
Thanks for getting this done.
998  Economy / Securities / Re: Future of ASICMINER-PT and other Mining shares/PTs on: June 20, 2013, 09:44:24 PM
Ok, so I am in for ฿2.74 which is not that bad. Thanks to selloffs and uncertainty.

you could've gotten it for below BTC2.7 at the lowest point.
999  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 20, 2013, 01:34:45 PM
Less liquid but also less CP risk, and faster dividends. You can also store your ASICMINER shares in a brainwallet.

CP?

counterparty risk. In layman's terms, the risk of the guy holding your BTC running away with it

How risky is that on btct.co? Is the owner trustworthy?

The owner of btct.co(burnside) runs a medium sized real world hosting business (kattare.com), plus he has lots of good reputation here, so he's pretty reliable.
1000  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 19, 2013, 07:40:42 PM
Yeah, "seems" fixed...

242324    3 minutes    361    5,568.87 BTC    ASICMiner    242.97
242323    12 minutes    693    10,813.03 BTC    BTC Guild    243.37
242322    25 minutes    271    3,705.69 BTC    ASICMiner    101.97
242321    38 minutes    406    3,786.01 BTC    ASICMiner    201.63

Since we're taking stuff and running with it -- we're at 92.29 th/s!

http://www.dpcapital.net/blockchain/?hours=1,2,4,8



how is 91TH possible? that's just a lucky streak estimate I think. Otherwise it's nearly  70% of the network.
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