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1  Bitcoin / Bitcoin Discussion / Mike Hearn lawsuit on: January 16, 2016, 05:34:57 PM
Considering the brevity of Mr Hearn heavy handed, disgruntled slanderous public opinion I do wonder if any lawsuits will follow.

I personally could care less. My Satoshi are my Satoshi regardless of current prices. And more importantly my Satoshi are in no way tied to any if the world's problems and liabilities.

But fundamentally speaking anyone publicly dumping 100% of a world platform security followed by slandering, which resulted in a 20-30% market cap drop (as of this minute) usually gets the attention of regulators.

And that's without consideration towards other powers or interests losing patience.

Rule #1 don't mess with other people's money.
In Mr Hearn case that would be, you were better off shutting your big mouth because it likely comes at a price selfish people are never willing to pay.

Emdebted to regret in the least.
2  Economy / Speculation / why I bought on: January 08, 2016, 02:07:31 PM
Reading over threads on this forum I've learned quite a bit about mining and the community in general.
But the reason I bought bitcoin has nothing to do with the former or the latter.

You see I'm one of a small percentage in the USA who reads/listens to news outside the USA. Most people I speak to have no clue what is happening in Europe, how the death of Petro-dollar is meaningful, ZIRP influenced stock market Bulls, overinflated housing valuations, trillions in student loan debt, Vehicle lending bubble, crashed Baltic dry index, emerging economy bond debts, low income per household,  oil hedge covering by the Fed and Treasury, COMEX price rigging, overvalued dollar, FATCA, TPP, on and on.

Pretty much I've sounded like a crazy person to most but that's OK.

Why am I writing this?
Well its because people seem to have a brain around here so if anyone wants to hear some very interesting info Jim Willie (goldenjackass.com) gives some animated, resourceful and so far accurate underground info regarding government level corruption and how it will crash the dollar which chases wealth into other Venue's like gold, silver, BTC.

You see BTC isn't going up just because its the nextgen of wealth.
It isn't just going up just because working BTC commerce and investment platforms have surfaced (yet to fully mature).
BTC is also going up because people like myself don't want to play Yosemite Sam guarding home based Bullion, nor do we wish to gamble with TSA screening for metals. Bitcoin is perfect for its time and the incoming wealth is just beginning.

Well done and enjoy the ride (don't sell).

Btw BTC market cap of 7billion is nothing in grand scheme.
With Commerce support maturing I'm seeing 3-5k per coin (or per 100,000,000 Satoshi).

If retirement wealth comes around we are talking above a market cap of 1trillion.
This is a worldwide platform, very private, and very secure.
3  Alternate cryptocurrencies / Mining (Altcoins) / mining btc and alt on: December 24, 2015, 12:14:22 AM
What are your thoughts /experiences mining not just BTC but other coins and moving in/out a percentage of each with obvious price fluctuations upwards?

Seems logical to mine certain alt coins and trade them to BTC during jumps.
The mathmatecal consideration would be cost to mine BTC during a period and the comparable cost for an alt coin that can be converted to BTC etc.

I plan to start mining with a test pair of S7 soon and hope nextgen 16nm releases will be made available post learning curve to really dive in.

Any experiences sharing is appreciated and valued.
BTW I'm a reasonable fella and know this is a financial risk (so is fiat money) so no need to "overly warn" me.

Regards
4  Bitcoin / Mining speculation / 4 S7 on order 1st try on: December 22, 2015, 06:11:29 AM
If I may...

I have come to appreciate "alternative media" in 2015. From goldbug rants to conspiracy toxicity the steep learning curve (for me) has been eventful, frustrating and rewarding.

Coming (what I truly hope) full circle to my former IT Roots, crypto currency just edifies my need to invest in something I can plan and attack while wrestling new challenges and not getting screwed over. So tomorrow goodbye closet Fiat presidents and hello power chomping hash monsters. My home and children will never be the same.

Honestly I'm on a high from absorbing so many interesting web personas while ingesting the tech so this is a respectful hello from the dark and a couple of simple questions regarding my buy in.

I'm pretty sure the new rig will suffice but in your opinion is 9thash enough to munch on the scrypt the next 6mths before the next round of halfing and next release of 14/16nm chipsets, for me to get a solid foot before upgrades in mid 2016.


I plan to budget another $500+ for home rewiring but could really use experienced recommendations towards wiring (2) paired  S7 or what dedicated breaker per pair is recommended.

8-10 S7 by spring is my plan (don't tell wife). But I hope the new models are out by then and we can piggyback off this buyin set to flirt with 100terahash (new chipset) by years end.

No matter what thank you for being a community worth joining and I look forward to what lies ahead with so many ridiculous variables in the markets and world alike.

They're just not ready for this.


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