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981  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining on: February 16, 2014, 09:31:51 AM
Nice news on the wallet but I see the blockchain is downloaded! Is this even possible to function on a phone as the blockchain grows?
I think we need a lite version.

IAS
982  Bitcoin / Mining / Re: Are BFL Cloud Mining contracts already being served? on: February 15, 2014, 03:23:21 PM
I don't even think they have a publicly viewable working model to speak of. Once again, they F'd up.

And I have to admit they have bit me. Around June of last year when BTC was going down I "bought" an upgraded Jalapeno for 500 or so bucks.
It hadn't been delivered as of August/September, so I turned the 7Gh into 50Gh by transferring it to Mining by the Gigahash. I should have known
they also wouldn't deliver on time, and with the rising difficulty, I'll mine .1 btc over a year if delivered in June, like I imagine. So, I will break even
just might take 5 years.

Wish I had that Jalapeno for the memories though...

IAS

ps - I hear that Josh from BFL is dating Mark Karpeles from Mt. Gox with the idea of creating an anti BTC Christ like child...
983  Bitcoin / Mining / Re: Are VisionTek CryptoVenom Liquid-cooled R9 290's any good? on: February 15, 2014, 03:17:03 PM
Those are useless for BTC but great for Scrypt based coins. The problem is, they use around 300 watts per card. So, depending on your electricity costs, they might not be a viable solution. (Unless you want to support the network and buy and hold.)

IAS
984  Bitcoin / Bitcoin Discussion / Re: JP Morgan Disses Bitcoin on: February 15, 2014, 03:04:52 PM
Further JP Morgan stated (off the record):
"How can we control people, companies, governments, etc. if we don't control the production of money? We must be able to print money as we desire, to keep the classes separate. For example, paying off our minions.
When people wake up to the fact that mathematics and cryptography is more secure than a centralized corrupt institution, our game will be over.
Till that time arrives, we will vehemently fight these currencies which hope to free people. We are here to enslave and in-debt people, not free them. (laughter)"

So they know...
Its about sharing
985  Other / Archival / Re: I sold everything at $158/159 this morning on: February 15, 2014, 10:19:05 AM
Sonny - yeah, because gold has so many advantages.  Grin
Micro transactions, easy to spot counterfeiting, manipulation by big banks, etc.

and lets not forget ease of movement across borders

986  Other / Archival / Re: I sold everything at $158/159 this morning on: February 14, 2014, 08:44:59 PM
Yeah, I also sold all bitcoins today (all 1318) and set buy order at $27. See you soon, suckers  Wink

You are a bit of a celebrity round here too, eh?
987  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 14, 2014, 08:15:58 PM
because literally EVERYTHING related to bitcoin is a scam.

I cashed out of bitcoin and I am literally done, I will not buy back in at any price.

Physical metals are the best alternative currency, not cryptogarbage.



You guys should be honored that Jason stops by. He is sort of famous around here, probably a bit bitter as well.
https://bitcointalk.org/index.php?topic=169651.0  Grin
988  Economy / Service Discussion / Re: And here comes the first bitcoin bank run on: February 14, 2014, 08:15:45 PM
well that is the problem with fractional reserve bitcoining I guess?

when its time to pay out, they can't print more money or more bitcoins, lol



You guys should be honored that Jason stops by. He is sort of famous around here, probably a bit bitter as well.
https://bitcointalk.org/index.php?topic=169651.0  Grin
989  Other / Archival / Re: I sold everything at $158/159 this morning on: February 14, 2014, 08:11:25 PM
To all of you panic buying because you missed the "greatest thing ever", mark this post, within 6 months you will be able to buy in much lower, I have a large buy order at $35 (just above the 2011 high).

if this were an established commodity like gold, copper, soybeans, or a currency cross, which I have been trading for 15 years, that is the smart buy point - not at $159

you just need to look at the naivete of the posts on this board to know this is a sucker rally.

"i'm loaning money to ....."
" I save $200 a month and im putting it all in bitcoins ...... "
"we are revolutionaries......."


good luck to all the future bitcoin millionaires :-)



This was your original post, I saved it for my own reference. it will be a year soon ...

Quote
I sold all my Bitcoin at $120 and set a buy order at $0.03  See you in a year, suckers

Internet doesn't forget  Grin Grin Grin


Ahhhh, I just love this thread. Thanks for the memories as well as the good reminder!

Don't mess with the Honey Badger...
990  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining on: February 14, 2014, 08:06:40 PM
Think back to when BTC went ASIC, that eventually was responsible for a lot of hashing power moving to LTC.
Now we have LTC JUST starting to go ASIC. It is not as big as when BTC went ASIC (as SCRYPT won't see the huge jumps in hashing power with an ASIC), but I really think this is going to point a lot of people
looking for coins that are relatively ASIC proof. Sure an ASIC can be built for most coins but not till the price warrants that.

Quark is in a unique position for our inflation rate is extremely low relative to other coins. So, getting quark is really only feasible through
purchase and not mining. e.g. I have an AMD FX8350 going at 850kh/s and only mine 3 or so coins a day. (Not good at this price for me.)

If LTC does go the way of ASICs (as one MUST consider energy consumption here) and if Smelter progresses with Quark mining on GPU's, I wonder if that will increase interest in Quark?
The big IF is that our price needs to appreciate a bit. When that happens, things can really change dramatically.

I also look forward to a default implementation of mining on wallets (switchable, but on for 20% of CPU or so) as that will really strengthen the network.

The variables involved with Quark, mining, ASICs, price, etc. is a bit unique and I wonder how it will all play out.

Any ideas?

IAS




Before giving you any ideas , how did the halving affect the price?
You know , we had a little debate over nothing will happen ....Smiley

I need to rub it again , after I already made my day in the doge thread , where everybody was also hoping for the reward halving to drive the prices to the moon.

If the price won't move , you won't see any miners coming to quark , just leaving.
But , the network can be sustained with only 1 miner , if he is trustworthy. Botnets... that's a different story.


It seems like you are more concerned with being right and not finding truth? Fair to say?

It appears with the price being this low and halving happening, that there is no drive to mine or increase buying of the coin.

But on a positive note, the price went up and right around that time you disappeared...  Grin

But seriously though, you are simplifying the argument, once again, I'm afraid just to be right. And the reason I say that is because your perspectives, or rather perspective, is
apparently so narrow. I'm not saying that insultingly, rather it is just the choices you give and all that you skip over. e.g. - I mentioned ASIC's and the affect they've had, you
didn't address that
. And in our last talk, you did the same - picking out pieces and not going deeper.


Because ASICs for scrypt coins , won't have any impact on quark. Nothing , zero , nada. It's like thinking about how the new strawberry harvesting machines will have an impact on bananas price.

As for that price just when I was away , if I would have been online at that time I would have sold Smiley

I'm waiting for the next pump to do it.

I don't really follow your finite way of arguing. I'm here to gain perspectives, you really give the impression that you have all the answers but through that, something is missing in your argument.
BTC going to ASICs really affected LTC, at least it appears so. Now LTC is going a bit down the same path.

All I am saying is there might be an effect from that. Disagreeing with me as strongly as you want "won't have any impact on quark. Nothing , zero , nada." and giving a fruit example, isn't exactly
adding strength to your argument. I'm not saying you are wrong, but you do a poor job of proving your point. We are in uncharted waters.

Quite a few LTC people are pretty pissed about the whole ASIC thing. I'm not, even though I support LTC. More and more people are going to be driven from ASIC coins because the costs and
risks involved are just too much. Well, if buying is more profitable than mining (pretty much across the board) and Quark can pretty much only be bought, then we very well might see
more buyers coming WHEN you include all the other benefits Quark brings.

How can you skip over all that? It makes seeing your agenda a bit easy.

And what I meant regarding the price was, you disappeared when it started to go up and you were proven wrong.

Seems like your motive here, again, is not truth, it might not even be being right, but rather to spread FUD if your posts are any indication, as well as the timing.
And I am not meaning this to be a personal attack but there is something uneasy about your posts.

Best,
IAS
991  Economy / Speculation / Re: Down, down, down, down, down on: February 14, 2014, 07:58:13 PM
So I remember people saying that Bitcoins will be worth $40,000 per Bitcoin in 2014 ... HA! Looks more like they will be worth $40

Up around 10% since you posted and

Think of all the people laughing at you that bought in below current prices. Seriously what point are you making?

And you are making this out to be all about profit, what about the other 6 billion people? Stop being so selfish
and try to wrap your little mind around what this really is...

Then, get back to us.
992  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining on: February 14, 2014, 07:51:44 PM
Think back to when BTC went ASIC, that eventually was responsible for a lot of hashing power moving to LTC.
Now we have LTC JUST starting to go ASIC. It is not as big as when BTC went ASIC (as SCRYPT won't see the huge jumps in hashing power with an ASIC), but I really think this is going to point a lot of people
looking for coins that are relatively ASIC proof. Sure an ASIC can be built for most coins but not till the price warrants that.

Quark is in a unique position for our inflation rate is extremely low relative to other coins. So, getting quark is really only feasible through
purchase and not mining. e.g. I have an AMD FX8350 going at 850kh/s and only mine 3 or so coins a day. (Not good at this price for me.)

If LTC does go the way of ASICs (as one MUST consider energy consumption here) and if Smelter progresses with Quark mining on GPU's, I wonder if that will increase interest in Quark?
The big IF is that our price needs to appreciate a bit. When that happens, things can really change dramatically.

I also look forward to a default implementation of mining on wallets (switchable, but on for 20% of CPU or so) as that will really strengthen the network.

The variables involved with Quark, mining, ASICs, price, etc. is a bit unique and I wonder how it will all play out.

Any ideas?

IAS

Before giving you any ideas , how did the halving affect the price?
You know , we had a little debate over nothing will happen ....Smiley

I need to rub it again , after I already made my day in the doge thread , where everybody was also hoping for the reward halving to drive the prices to the moon.

If the price won't move , you won't see any miners coming to quark , just leaving.
But , the network can be sustained with only 1 miner , if he is trustworthy. Botnets... that's a different story.


It seems like you are more concerned with being right and not finding truth? Fair to say?

It appears with the price being this low and halving happening, that there is no drive to mine or increase buying of the coin.

But on a positive note, the price went up and right around that time you disappeared...  Grin

But seriously though, you are simplifying the argument, once again, I'm afraid just to be right. And the reason I say that is because your perspectives, or rather perspective, is
apparently so narrow. I'm not saying that insultingly, rather it is just the choices you give and all that you skip over. e.g. - I mentioned ASIC's and the affect they've had, you
didn't address that. And in our last talk, you did the same - picking out pieces and not going deeper.
993  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining on: February 14, 2014, 07:23:22 PM
Think back to when BTC went ASIC, that eventually was responsible for a lot of hashing power moving to LTC.
Now we have LTC JUST starting to go ASIC. It is not as big as when BTC went ASIC (as SCRYPT won't see the huge jumps in hashing power with an ASIC), but I really think this is going to point a lot of people
looking for coins that are relatively ASIC proof. Sure an ASIC can be built for most coins but not till the price warrants that.

Quark is in a unique position for our inflation rate is extremely low relative to other coins. So, getting quark is really only feasible through
purchase and not mining. e.g. I have an AMD FX8350 going at 850kh/s and only mine 3 or so coins a day. (Not good at this price for me.)

If LTC does go the way of ASICs (as one MUST consider energy consumption here) and if Smelter progresses with Quark mining on GPU's, I wonder if that will increase interest in Quark?
The big IF is that our price needs to appreciate a bit. When that happens, things can really change dramatically.

I also look forward to a default implementation of mining on wallets (switchable, but on for 20% of CPU or so) as that will really strengthen the network.

The variables involved with Quark, mining, ASICs, price, etc. is a bit unique and I wonder how it will all play out.

Any ideas?

IAS
994  Bitcoin / Bitcoin Discussion / Re: What have you purchased with your BTC? on: February 14, 2014, 02:51:15 PM
I unfortunately bought a Jalapeno and then transferred it to mining by the Ghash. HUGE MISTAKE.
Have donated and given away around 1.2+ btc in the last 6 months - lots of paper wallets as gifts.
Bought some paper wallet supplies as well.
All in all, over 50 transactions.
995  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining on: February 14, 2014, 11:48:03 AM
Bitcoin and other alts crashing...

I'd call it a further adjustment, part of a mini-crash/adjustment. In 10 days Stamp is down 200. Not a big deal in BTC terms, LOL.
If you look at the price of the Cryptos in terms of btc (and not $$$), they are just moving with btc, perhaps slightly losing value.

Perhaps just be a bit more selective in your words, as it comes out as FUD.

Its about sharing
996  Economy / Goods / Re: Bitcoin Silver coin on: February 13, 2014, 08:26:12 PM
When Bitcoin hits $10,000 these will be particularly valuable. LOL
I might have to buy me one...
997  Bitcoin / Bitcoin Discussion / Re: What's the maximum amount of bitcoins you ever held? on: February 13, 2014, 11:58:50 AM
I actually have a friend who has his own pizza story. In Hamburg Germany a few years ago it was in fashion at this one place (?) to buy pizza with btc. He said many people did that. Anyway, he swears he spent over 5000 btc on a pizza. He is actually pretty noticably upset by it and won't really tell me how many. They really (obviously) had no idea about what btc was. I say that at least in part because he said he has 1 btc now!
998  Bitcoin / Electrum / Re: Sent 7 transactions via Electrum and 5 disappeared? on: February 12, 2014, 08:24:37 PM
if you had 7 outgoing transactions that were simultaneously pending, then it is very likely that some of them were using unconfirmed inputs, (the change outputs of other unconfimed tx) .
the current malleability attack on the bitcoin network, when it affects a transaction, invalidates those inputs, because it affects the tx hash.



I read up a little on what you said, correct me if I'm wrong, but if those coins were sitting in my Electrum wallet for a bit, then they were confirmed inputs, right?
From what I understand, an unconfirmed input would be if I received a coin and then spent it quickly before that original input could be confirmed?

Thanks in advance and reverse,  Grin
IAS
999  Other / Off-topic / Re: Bitcoin is finished. Don't say I didn't warn you. on: February 12, 2014, 08:19:35 PM
Because government backed paper money has worked SOOOO well for us for the past century  Roll Eyes

There is this new wonderful thing called cash. It is legal, and you can purchase whatever you want while being anonymous. There are no fees to use it, and the transaction is instantaneous, as no authorization is needed. There isn't a single thing you can buy with bitcoin that you can't buy with dollars.

Have you ever wandered why the cost of everything keeps going up?
It is this thing called inflation and if you don't make more money with you money, it decreases in value.
Now, just doing your daily shopping isn't a big deal, but if you are saving dollars, then forget it. The bankers are pretty much stealing it from you...

Go read grasshopper,
IAS
1000  Bitcoin / Electrum / Re: Sent 7 transactions via Electrum and 5 disappeared? on: February 11, 2014, 09:45:21 PM
Thanks Abdussamad, I did read that thread - certainly an interesting day and I've missed the excitement during our recent "stability".

I was transmitting really small amounts as I said, so it was a good test so to speak.

BTW - I did what you suggested via that link, was quite easy to do the bulk transfer (to 12 wallets). The only bad part is I can't track the individual addresses now (by name - they are my students) to see who cashes out first!

Thanks again,
IAS
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