Zhoutong, you are so full of shit, I can tell. I have experienced almost the same scenario before. I suggest you take your money while you can and seriously consider starting a life of solitude in russia, yknow to wait out te storm for a couple years.

I have $750 Dwolla available. Looking for Gox code. PM me if interested

Hi I am building a system that I recently gathered. I have an old disk with Windows on it along with new motherboard and what not. The motherboard does not have integrated graphics, and I am having trouble getting any display. What am I doing wrong?

Please keep it per rig, do not list total consumption and hash rate if possible. I am planning on putting together some data on mining profitability, and what I think is the inevitable convergence with energy consumption.

Would it be possible to program your gpu, or the mining program to only hash under a certain point, i.e. the target? Obviously I am guessing that the answer is no, but why is this?

Hey guys, keep trading in bits. What a great name for a currency of an intelligent space-faring race. Microbits is the currency of the people (credits in the traditional sense), then to millibits, bits, kilobits, megabits. Of course only the helium mining associations will be trading in kilobits and megabits.

GOODNIGHT SWEET PRINCE
March 10, 1957 – May 2, 2011

Yeah you are right, but my point is, do you think the people in Central Africa are thinking about going out and buying a smartphone and a mining kit? NO, because they still draw water from rivers and herd cattle.

Sorry, Yeah I am currently living in China. I definitely agree that the potential is there, especially as the RMB starts to become a larger player in global markets. I think there is a lot of speculative power in both BTC and RMB, especially coming from the standpoint of the USD.

If you seriously plan on holding BTC long-term, I don't think you should have to worry about a bubble. Because the currency is decentralized and devoid of non-growth related inflation, any bubble will correct itself in a very short amount of time. BTC speculative markets are instable due to its relative infancy and low volume. If you are trying to trade BTC on the short-term, I bid you good luck.

Yeah, I read your thread from earlier. I think there is a lot of opportunity in BTC RMB exchange as both markets with high possibilities in future growth

First of all, I must say that BitCoin is an extremely brilliant and well-thought out plan. I have three postulates as relates to Globalization, forces of production in Marxian theory, and technological development.

1)Globalization and Post-20th Century Economics

In a global economy with fully capitalized markets, and a freely open basket of currencies, the PPP of any given dollar will tend to be equal each other over a long enough time scale. That being said, the majority of non-Western world is underdeveloped relative to other countries, which means that the likes of Africa are probably 50 years away from the level of our current development.

here is a graphic illustrating the current inequality: http://upload.wikimedia.org/wikipedia/commons/7/78/GDP_PPP_per_capita_2009_IMF.png

2)Forces of Production and the Service Economy

Traditionally, the forces of production have been utilized by the "bourgeoisie" against the proletariat, manifesting itself in wage labor tending to minimum required for subsistence of the working class. However, the traditional capitalist economy, since the end of WW2 has begun to and is still currently dissapating. We are experiencing the creation of a post-capitalist service economy. This is going to continue throughout the 21st century. However, so too will exist a parallel resource and production economy, likely by a large market of competitive labor-owned corporations (why yes, we do live in a socialist paradise)

I postulate that, in bitcoin's "lottery" sense of currency creation (and in future transaction execution), the forces of production are now driven by hardware development, moreover the currency is based on it. In a sense, the computer has now become the object of exploitation.  

3) The transition will be slow

Both because of BitCoin's tendency to undermine existing global markets, and the underdevelopment of countries, the BitCoin "economy" will be slow to develop, and the global market will be slow to fade away. Existing global markets, and what is soon to be the global currency basket, are an opportunity for underdeveloped countries to attract capital, and through efficent socialist states allocate that capital to its people, moreso than BitCoin is capable of doing, even on a scope of 20 years from now.


My only concern for cryptographic "lottery" currencies such as bitcoin is the future of computing power and cryptographics, especially with the advent of quantum computing looming on the horizon.

If you want to invest in RMB, I can get you physical notes or I can hold if for you. If interested, I can get the money in Chinese interest; current interest rates are 6.31%.

Based off current exchange rates, my initial asking price is 10 BTC for 100 RMB.