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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Halal Cryptocurrency? on: May 01, 2014, 08:39:18 PM
Is there a Halal Cryptocurrency, since Bitcoin mining is more and more gambling, this would not be Halal.
The Islamic rules are often implemented and taught without truly understanding the point of the rule. Gambling is not allowed because of how it encourages taking advantage of people to take their money through the false possibility of wining money for nothing. Mining is not a comparable activity and hence cannot be considered haram on these grounds. If you intend to profit from selling your Bitcoins during the price hike then that could constitute as gambling (due to making profit from doing nothing) and hence could be haram.

Note, I am not a scholar nor am I a Muslim but from what I learned about Islam it appears that a thorough logical analysis is required when deciding the impact of new "things".
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin's killer app: Pooling your bitcoins, using the blockchain to vote on: May 01, 2014, 10:17:55 AM
When we talk about vote fees returned, if Joe were to create 100 accounts voting 100 times with 100 bitcoins and there are only 100 other people voting 1 bitcoin each, then the vote total is 200 bitcoins with a needed 1000 bitcoins for the proposal to pass. All users would get their bitcoins returned.
If the vote fees fund the proposal, what is stopping Blizzard making 900 accounts and voting with 1 bitcoin in each account and then they get the money back when they win.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin's killer app: Pooling your bitcoins, using the blockchain to vote on: April 30, 2014, 02:21:36 PM
With BitPools you vote with your bitcoins. If someone creates a proposal and someone else creates millions of bitcoin addresses and fills each address with the minimum vote amount (ie. 10 mBTC) and sends their bitcoins...what would they gain?

It is built to scale quite a bit.

These two people could be colluding like how politicians and companies collude to have certain contracts handed to a specific company...
Also someone who creates a proposal could then vote for themselves, surely that invalidates the integrity of the system?
Since the vote amounts are being refunded, it doesn't cost anything to rig a vote.

A fully fleshed out example:
Problem is proposed
People make pledges
Person A bribes Person B to propose a solution that will use Person A's business/company/services
Person B proposes solution
Person A wants Person B's solution to win so makes a lot of fake votes thus crushing the other solutions
Vote fees are returned and Person A witnesses improved business at little to no cost
Some people cry foul play but because the votes are anonymous you can't deny the results because there would be no explicit evidence.

If I have correctly understood the system you have produced then this method will work 100% of the time.

What you have made is something necessary in the world but I don't think its in the best form.
4  Bitcoin / Bitcoin Discussion / Re: Bitcoin's killer app: Pooling your bitcoins, using the blockchain to vote on: April 30, 2014, 12:05:03 PM
On kickstarter someone with an idea posts the proposal and tries to get people to fund his project.

On BitPools people with a problem pledge their bitcoins toward that problem, then people with ideas and the ability to provide the solution posts the proposal.

Then people vote on whichever idea they like the most.

Wouldn't an anonymous system be open to fraud? There is no barrier to anyone producing millions of bitcoin addresses and voting for their own idea and then running off with the coin.

This is a good idea but it doesn't seem to scale well.
5  Bitcoin / Bitcoin Discussion / Re: Bitcoin's killer app: Pooling your bitcoins, using the blockchain to vote on: April 30, 2014, 09:01:37 AM
How would you restrict votes to one per person? Or is this supposed to work like kickstarter?

EDIT:nevermind, i watched the video and it does appear to work like kickstarter
6  Bitcoin / Bitcoin Discussion / Re: DNS for Bitcoin (BNS) on: December 21, 2013, 11:51:18 PM
I had a similar idea, its basically some kind of authority that says a certain bitcoin address is associated with a person similar to SSL certs. You would also have to allow switching through bitcoin addresses as more than one transaction can occur at the same time and I don't believe its safe to assume that customers can be identified by the sending address as some web wallets don't use consistent addresses.
7  Other / Beginners & Help / Trying to mine using non-similar gpus on: June 20, 2013, 11:25:17 AM
Just got a used 6850, trying to mine with it in conjunction with my 7850.

On bfgminer, with default settings i can only get around 300MH/s with both GPUs maxed out which is the same as the 7850 on its own.

Am I missing something?
8  Economy / Services / Re: pyramining links, let's share them here (1 max post per page!!!) on: May 19, 2013, 03:37:49 PM
http://pyramining.com/referral/42enctz6m   2013-04-23 09:15:44 UTC   still active
http://pyramining.com/referral/artexp8h3   2013-04-23 09:15:44 UTC   still active
http://pyramining.com/referral/qefnz49ck   2013-03-22 19:50:18 UTC   still active
http://pyramining.com/referral/tqy2ra98h   2013-03-22 17:13:26 UTC   still active
http://pyramining.com/referral/3nebty24f   2013-03-22 18:10:35 UTC   still active
http://pyramining.com/referral/d9z7m43qa   2013-03-22 18:10:35 UTC   still active
9  Economy / Services / Re: pyramining links, let's share them here (1 max post per page!!!) on: May 02, 2013, 10:09:14 PM
http://pyramining.com/referral/qefnz49ck   2013-03-22 19:50:18 UTC   still active
http://pyramining.com/referral/tqy2ra98h   2013-03-22 17:13:26 UTC   still active
http://pyramining.com/referral/3nebty24f   2013-03-22 18:10:35 UTC   still active
http://pyramining.com/referral/d9z7m43qa   2013-03-22 18:10:35 UTC   still active
http://pyramining.com/referral/42enctz6m   2013-04-23 09:15:44 UTC   still active
http://pyramining.com/referral/artexp8h3   2013-04-23 09:15:44 UTC   still active
10  Other / CPU/GPU Bitcoin mining hardware / Re: Ufasoft Miner - Windows/Linux, x86/x64, SSE2/OpenCL/CUDA, Open Source on: April 26, 2013, 07:41:45 PM
can you upload last sources?
can't compile in VS12
el/libext.h(190): fatal error C1083: Cannot open include file: 'ext_messages.h': No such file or directory
fatal error C1083: Cannot open include file: 'nvidia/cuda.h': No such file or directory
fatal error C1083: Cannot open include file: 'amd-app/cal.h': No such file or directory
el\libext\ext-json.cpp(12): fatal error C1083: Cannot open include file: 'jansson.h': No such file or directory
fatal error C1083: Cannot open include file: 'coin-msg.h': No such file or directory

File ext_messages.h generated by command mc el\libext\ext_messages.mc

For nvidia/cuda.h, amd-app/cal.h download AMD, CUDA SDKs

For jansson.h download Jansson library...
CAL isnt provided with AMD APP anymore, version 2.7 and below have it
11  Economy / Service Discussion / Re: http://www.pyramining.com/ - Discussion thread (no advertising here) on: April 25, 2013, 06:52:24 PM
will ASIC deposits give bonus to first level sponsor when they become active??? and if the ASIC deposit completes before the sponsor's will the bonus go away???
12  Economy / Service Discussion / Re: http://www.pyramining.com/ - Discussion thread (no advertising here) on: March 30, 2013, 03:20:02 PM
3 days ago I just for fun sent 0.1 BTC tp this site and I have an equivalent hashing power of 1 MH/s, meaning 1 BTC would be 10 MH/s, right?

Thats almost nothing^^ I donīt think itīs useful to use this pyraming, or am I missing something?
The idea is to either chain multiple accounts so that you get a ridiculous return on one account and 10% on the others or get tonnes of referrals
13  Economy / Service Discussion / Re: http://www.pyramining.com/ - Discussion thread (no advertising here) on: March 30, 2013, 09:56:23 AM
How often will the infrastructure be upgraded after the introduction of asics? I imagine demand will increase and so there will be more capital available so I am assuming that over the next year we should be seeing several upgrades allowing for very large increases in hashing power. Although, that all depends on the restrictions on producing more asics.
14  Other / Beginners & Help / Re: Maximum value of bitcoins on: March 30, 2013, 09:52:20 AM
After doing some more research, i have come to the conclusion that if we consider that all money will be spent at some time and that net change in spending should be near 0% after inflation etc. is taken into account (some people will spend when others save etc.)

Global expenditure was set at $23.42 trillion by the CIA
https://www.cia.gov/library/publications/the-world-factbook/geos/xx.html

If we consider that this value includes money which someone has saved in the past then we can say that this is all the money that bitcoins will need to cover because storing money in bitcoins at this stage will reap no benefits (at the stage when everyone uses bitcoins and its price has stabilised). That means that each bitcoin will be worth $1 million, however, businesses may push litecoins into the mainstream due to its faster verification in which case bitcoins may be worth significantly less.
15  Other / Beginners & Help / Re: Maximum value of bitcoins on: March 29, 2013, 10:56:52 PM
After reading the replies here are few ideas i have put out,

lets say bitcoins become the primary means of transactions, would that then be a feasible axiom, people could keep other currencies for storage (metals) but transactions occur in bitcoins

Also, im going to ignore lost wallets because that will only drive the value higher and no one will complain about their bitcoins being worth more than expected.

Im going to look into this more tomorrow, so feel free to add anything i should look into
16  Other / Beginners & Help / Maximum value of bitcoins on: March 29, 2013, 10:24:44 PM
Would it be possible to calculate the maximum theoretical value of bitcoins by dividing the world gdp by the maximum number of bitcoins, if so then i am going to have the best retirement ever!  Grin

if we say the world gdp is $80 trillion (its rising so this will cover future estimates) and knowing that the maximum number of bitcoins is 21 million then we have something like $4 000 000 per bitcoin.

I am sure this number is wrong and makes some massive assumptions but if we were to find a theoretical maximum value how would be go about it, is it possible? I mean in the context of when/if the world moves to bitcoin

EDIT:
Someone asked about the total cash in the world and a very nice person gave calculations and explanations leading to a value of $46 trillion which was around the same as the GDP at the time so it seems that GDP may be an adequate estimate for the amount of money in the world. Either way, with a total amount of cash at $40 trillion we would still get $2 000 000 a bitcoin
http://answers.google.com/answers/threadview?id=480224
17  Other / Beginners & Help / Re: Introduce yourself :) on: March 29, 2013, 05:47:34 PM
I have been lurking around and reading into different things, i think bitcoins are a great platform for developing digital goods and transactions
18  Other / Beginners & Help / Re: Is Butterfly Labs a ponzi scheme? Here's why I think yes. on: March 29, 2013, 03:42:44 PM
Is the whole world a ponzi scheme? Here's why I think yes.

Both banks(FED and ECB) use customer money to fund their bankster wallets. That's a risky scenario in itself.

Is it a ponzi scheme? That's debatable. It might be a sort of ponzi scheme, here's my logic:
1. Old people pay in the first money
2. Young people add more money because of the money the old people already put
3. Bank uses young people dollars to process old people refunds since they already spent the old people's cash.
4. So the result is young people paying for the old ones to get out at no profit. The only difference between that and Bernie Madoff is at least his ponzi scheme made some people money..   Tongue
Funny thing is, that is roughly what happens. If you open a savings account, the money is invested elsewhere, if you want your money back they have to get it from someone else. (Please correct if I am wrong)

Just imagine what would happen if everyone went to the bank tomorrow and empty their accounts just to troll the bankers, actually don't do that, i have Ģ2200 in my account that I need to pay rent with  Grin
19  Other / Beginners & Help / Re: Now what in the HECK is ASICMiner?! on: March 29, 2013, 03:37:29 PM
Another alternative is pyramining.com, you pay a deposit which will buy you X amount of hashing power until your deposit and dividend is paid back, you can increase the dividend by chaining your own referral accounts or adding referrals (You can refer yourself an account and that will increase the dividend or you can refer others)
20  Other / Beginners & Help / Re: What if Google or Yahoo was to enter the bitcoin mining world? on: March 29, 2013, 03:29:43 PM
These companies have extreme amounts of processin power at their hands and if they were able to use it to mine bitcoins wouldn't that basically kill the bitcoin mining scene?

*sorry if repost.
We can just go to Litecoin, the mass exodus from bitcoin would raise litecoin value to near the previous bitcoin value and developing ASICs for litecoin is much more expensive and inefficient than for bitcoin so it would not be an issue
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