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1  Economy / Services / Re: Epsilon.one - smart cryptocurrency forecasts. Functional update 29.06 on: June 30, 2017, 06:01:44 PM
it is not clear how trustworthy these forecasts are, I think you need to wait for feedback
2  Alternate cryptocurrencies / Altcoin Discussion / Re: [QCN] QuazarCoin | Full anonymity | Privacy&Data protection | Egalitarian PoW on: September 28, 2014, 03:58:22 PM
Does anybody have newer block chain for Windows 64 bit ( on main page is pretty old)
I'm still using a 32 bit version because my RAM sucks.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DSH] Dashcoin - (CPU mining, true anonymity, automated source code) on: September 21, 2014, 05:06:02 PM
What kind of hash rate are you guys getting? I'm getting about 220 H/sec with an i7-3930K CPU, does that sound about right?
My E3-1230V3 is mining at the speed of 170H/s.

That's pretty good for 4 cores!
Yep! I thought it would be 20-25% less
20-25%?! Wow, i'm pretty sure that your calcuation are wrong. In my opinion it would be a 10-15% less. But not twenty or more.
4  Bitcoin / Bitcoin Discussion / Re: PayPal’s Braintree Embraces Bitcoin, One-Touch Payments on: September 14, 2014, 07:53:52 PM
Yes, everyone wants to accept bitcoin, but that's not news. The real question is why me as a user would want to pay with bitcoin? When I pay with credit card, I get 2% cash back. When I pay with bitcoin I have to pay Coinbase 1% fee and I get zero cash back. In addition, I need to make sure the price of bitcoin hasn't moved between the time I bought them on Coinbase till I make the purchase. It's just a complete no-brainer that I should use my credit card whenever I can, instead of bitcoin.

And just to clarify, the businesses are not really accepting bitcoins, they are only accepting them temporarily so they can immediately convert 100% into dollars.

Not throwing your private key at everyone and having to deal with credit card fraud paper work every 6 months? that seems like a pretty good reason but maybe it's just me...

Well, with bitcoin you won't have to fill any paperwork, since once they are stolen, they are stolen forever and you can't do much about it. At least with credit cards you can have limits and most credit cards have pretty sophisticated fraud-detection systems that limit the damage.
5  Bitcoin / Bitcoin Discussion / Re: Jon Stewart: "More millennials saying "no" to credit cards. Prefer to use BTC" on: September 14, 2014, 07:46:44 PM
You do realize it's a joke that's trivializing and dismissing bitcoin right?

Jon's brand of humor is to trivialize big events so that people understand their true significance. For example, he might trivialize a vote to wage war to illustrate the true magnitude of the decision. I'd say that the simple fact that he's talking about it is increasing awareness and could be interepreted as a good sign.
6  Bitcoin / Legal / Re: Are AML and KYC legitimate laws? on: September 14, 2014, 07:40:23 PM
What do you think "legitimate" means?


There have been some supreme court rulings and some amendments on this. I'm not terribly up to date. A pretty good reading of some insights can be found here:
https://www.aclu.org/technology-and-liberty/testimony-legislative-counsel-gregory-nojeim-know-your-customer-banking-regul

I quote:
The Supreme Court ruled in United States v. Miller, 425 U.S. 435 (1976) that individuals do not have a "reasonable expectation of privacy" under the Fourth Amendment in financial records pertaining to them but maintained by a bank in the normal course of business.
As a consequence the right to financial privacy act was created: http://en.wikipedia.org/wiki/Right_to_Financial_Privacy_Act
But that was amended later, including by the patriot act. It's a pretty complex legal issue with lots of back n forth. As it stands though, there simply isn't a big debate about the constitutional backing of monitoring people or even citizens. There is huge political consensus between republicans and democrats of the value of things like the patriot act, KYC/AML, the patriot act and generally any anti-terrorist act, many of the things the democrats chided republicans for during the Bush years have essentially been copied and extended to the extent that Cheney was praising him for it, and KYC/AML is probably the least controversial part of that package. Most people simply don't care because they don't think they'll ever be affected. (e.g. I'll never launder money in my life, what do I care?). But philosophically and politically this is a very dangerous way of thinking even though it makes a lot of sense intuitively.

It's one of the most disappointing things of the past decade in my opinion, because Obama ran for a big part on his ability to showcase constitutional infringements by his predecessor. After all, he taught constitutional law at an ivy league plus university, after having been educated to do so at an ivy league university. If you look at past interviews he has a very strong constitutional understanding, but has sadly completely waved it away. The most ironic one being: http://floppingaces.net/wp-content/uploads/2011/04/verbatim_obama-copy.jpg which is something he said while running for president in response to Bush's policies, obviously repeating the exact same mistake shortly after.

Glenn Greenwald did a nice presentation on this at Brown some time ago you can see here: https://www.youtube.com/watch?v=ikCUHh3Ge_k
You could contact the EFF to see if they have any info on this. Again I'm not terribly up to date.
7  Bitcoin / Legal / Re: Are AML and KYC legitimate laws? on: September 14, 2014, 07:33:45 PM
What do you think "legitimate" means?

This. All of these things are part of the body of law, in particular the Bank Secrecy Act of 1970 and the various extensions and acts (like the patriot act) that build on it, to take the US as an example.

Whether that is constitutional or not is a good question. You say that citizens are innocent until proven guilty. In fact, it's not citizens, I think it's very important to note that most constitutional rights (except very few, like voting rights) apply to 'any person', not 'any citizen', and the supreme court has in the past always used this interpretation.

But as for the substance of a person people innocent until proven guilty, so what? Just because a person hasn't been proven guilty yet, does not say anything about the legal or constitutional right to prevent monitoring. i.e. it's completely okay for the police to set up a speed sensor on a highway and monitor if someone is breaking the speed limit, right? Just because that person isn't proven guilty, and is thereby innocent, does not say anything about the right to not be monitored.
There are civil liberties like the right to be safe from unreasonable search and seizure. But that generally applies to things like ones house being entered and searched, or a person being frisked. That is sometimes called upon. I don't really think it holds up, too well, because it doesn't make any mention of things like financial records originally.
8  Bitcoin / Press / Re: 2014-02-04 Coinfirma: Bitcoin Now Accepted at Every 7-Eleven in Mexico on: September 14, 2014, 07:25:53 PM
Seems pretty complicated to me. Why not just accepting Bitcoins direclty? Why the middleman (wallet pademobile) is needed?

because 7/11 isn't taking any steps to actually accept Biitcoin. They accept payments from Pademobile wallet users, who just so happen to be able to fund their accounts via coin base. Not a single rank and file employee will have even the first clue about Bitcoin itself...
9  Other / Off-topic / Re: How much a dollar used to get you ! on: September 14, 2014, 07:19:21 PM
I don't know for what those comparisons are usefull if they don't compare to the rise of income of the avarege person

Inflation is still a tax on the poor as the rise of income is not based on the rate of inflation year over year but more on the whim of your employer and whether he/she decides to give you a raise which doesn't happen every year. Inflation does.
10  Bitcoin / Bitcoin Discussion / Re: Man's bitcoin mining leads to police raiding his home on: September 14, 2014, 07:12:34 PM
"yet... the police seized all computers and the physical bitcoins that the Deendant possessed."

So... even though it's not illegal to use electricity, they confiscated his computers, etc.?
Also, what's a physical Bitcoin? Possibly paper wallets? Why would they seize safes or paper if no marijuana was being grown in the house?
11  Bitcoin / Bitcoin Discussion / Re: How will we stop the evil free market Chinese? on: August 30, 2014, 09:10:24 PM
So assuming this is true and the article says it's about 5% of the bitcoin mining network, that means this facility is generating $2.7 million per month minus $1m in electricity for a profit of $1.7m per month. Because it's china I'm going to assume this ware house was much cheaper to build than in the US and go with $10 per sq ft for about $320,000 to build. Based on the previous calculations, we can deduce that this facility is running 4.42 pentahashes per second. Now assuming they bought in bulk so they get a huge discount on machinery, lets say they got their equipment for $1k per T/H. So they probably paid $4.42m for the equipment.

Total cost to start this farm? $5.72 million dollars to generate $1.7 million per month in profit. That would be all fine & dandy if difficulty didn't go up.

Maybe someone more familiar with how fast difficulty goes up and tell us all when these guys break even...or should i say IF they break even. (assuming price stablity of course because if they are just mining to hold coins, they should've bought them straight out)

Except there is no way they are paying anywhere near $1K/TH. Think about it this way: two ANTMINER S3s do almost a TH and are a little bit over half a BTC each - long story short retail would be around $500/TH and you can BET with the connections these guys probably get it for half of that cost or less!

Think of it this way: You are buying hardware direct from the factories that make these things extremely cheap. ANTMINER S1s early on sold for over $4K each, and dropped to a couple hundred bucks just recently. The "cost" to actually make the units is less than that latter number...
12  Bitcoin / Bitcoin Discussion / Re: Aug 30 to Sept 1: NewEgg Bitcoin Discount offers up to 30% off on Purchases on: August 30, 2014, 09:03:47 PM
Damn, newegg got inside info!

Nah.. unlikely they hold any, as they're not in the business of speculating. Plus it's somewhat involved to hold bitcoin as well still. Especially for a big company such as that.
I think they just like it and want more people to use it. It would be great for them.
13  Economy / Service Discussion / Re: A service that sends you a text message when there is big Bitcoin news? on: August 30, 2014, 08:53:39 PM
Very interesting I know something like this but not as far as bitcoin.lol great post
14  Bitcoin / Bitcoin Discussion / Re: Democracy 2.0 (Beta) on: August 30, 2014, 08:46:55 PM

Thee "receipt" might actually contribute in developing countries to voter pressure. Imagine a wife in Pakistan voting for a party which her husband does not approve off, and then the husband tells his wife to check with the receipt for whom she has voted. Family-based voting might become a lot more prevalent.

Or she can destroy it, and tell her husband no, fuck off.

While this sounds simple. What do you think would the abusive husband do?
This is a common issue in the developing world. Just destroying the paper is not a solution as the husband will want to know for whom she voted.
15  Economy / Service Discussion / Re: Coinbase Insured on: August 30, 2014, 08:38:55 PM
What about natural disasters, fire, flood, etc.?
What about kidnap/ransom/extortion of employees?

Exclusions include force majeure
https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

After thinking about your question more, I'm still unsure, since Kerpupples allegedly said it was due to Bitcoin's tx-malleability issue, and not MtGox itself. Not sure about this one, good question.

"Force majeure" is a general term that encompasses a lot of different circumstances. I've never seen a policy exclude risks due to "force majeure" without defining precisely what those risks are. And in my experience, risks like war, riots, and civil unrest are usually excluded, while risks like flooding, fire, and other natural disasters are usually, but not always, covered.
I would not characterize kidnap, ransom, and extortion as force majeure.

And the whole transaction malleability issue - that might make a good insurance coverage case! (Which would be good for people like me, bad for everyone else.)
16  Bitcoin / Bitcoin Discussion / Re: Rest easy Bitcoin is a CIA NSA project - Gavin Bell gets a mention : D on: August 25, 2014, 06:31:52 AM
Mainstream press is now using http://ciaproject.org/projects/ for their source on CIA black ops? LMFAO!
17  Bitcoin / Bitcoin Discussion / Re: Will that be debit, credit or Bitcoin? on: August 25, 2014, 06:24:19 AM
Did anyone else catch the erik voorhees vs the troll (whentimeisshort) exchange in the comment section.
C'mon that dude has to be a paid shill, he copied and pasted the same 4 comments throughout the section. No one is that hung up and negative about something that doesn't affect them
18  Bitcoin / Bitcoin Discussion / Re: [Opinions] IF you could improve/add/remove 1 thing to bitcoin what would it be? on: August 25, 2014, 06:16:31 AM
The most critical in my opinion: Address the 1 MB blocksize limit to allow Bitcoin to scale.
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