I will expect the customs and related fees will kill you off.

I would've advised you to buy Bitcoins instead, but the same problem remains - getting your money out and into the exchanges. I guess you can try localbitcoins if such a thing indeed exists in Iran.

btc-e

Run by a shady bunch, with banking, servers and registration in different countries, and almost always up. During the gox days when DDoS was a preferred method of crashing the prices, Btc-e stayed up always (well, almost always - it went down once).

Avoid the chat using the link btc-e.com/disableChat

How exactly is it 'fun'? How can a specific miner be more fun than another?


Unless the OP is moving out of UK, say goodbye to cheap electricity.

Well, here's to hoping it crumbles within the next 2 weeks, then.

Well, I think that people are smarter now. Sure, in a rally there are huge buys, but I bet most are aware of the risks and are only buying to sell it higher, and not because they are sold on the grand vision of Josh and co.

Bitcoin itself may not go mainstream, but the blockchain idea definitely will. This is going to be a revolution, and 10 years from now you will be remembering these early days and realize you never expected to work out this way.

I imagine all those using Netscape had no idea what it would be like when Android phones would arrive.

There will be no noticeable difference immediately after, as it will already have been priced in.

It will ease up the sell pressure so that might help the prices. But 2016 is a long time off and much bigger factors in play would have acted to change the price in an unpredictable manner by then.

I am not sure how much profitable it will be with fees on both ends. In addition, you have to be careful that you are not breaking and foreign exchange rules.

Not really a pitch, but I will say take a look at Bitshares.

Why? Bitshares also has a block reward, but unlike a PoW coin, this block reward doesn't go to miners. A small portion goes to the delegates who produce blocks, and the rest is utilised to fund development of Bitshares itself. At current prices, thats almost $3m a year funding for development.

In short, with an inflation rate less than a PoW, it raises funds for itself to improve and innovate.

Blocknet - no idea.

Ethereum - smart contracts are promising, but they are still confused whether to go mining or some form of PoS.

Maidsafe - doing good work, thouh IMO the economics for the holder may not be the best.

Maidsafe and Ethereum are unrelated and are not competitors. While you're at it, check out Bitshares, which has brought Market Pegged Assets (thus solving the volatility problem in cryptos) among others.

553 - ouch! I thought it was going to be THE coin for our lives

So I guess this is done? Or is this Josh still trying for his $20 dream?

I will take an Aston Martin DB9, thank you very much

I would go back to 2008 and start putting any CPU I could get on mining Bitcoin.

I would also have taken different courses, and would have studied computer science and economics. We are on the brink of a crisis and I believe that cryptos can provide the solution, and I feel severely lacking in the skills to contribute. Its also the reason why I got sold on Daniel Larimer's vision and got involved in Bitshares.

Buying Bitcoins is the way to go. TA charters are saying that prices may go down even more so its a great opportunity now.
If I were you I would also look around and look at the 2.0 cryptos too.

No way. Even if the price continues to drop, newer hardware with higher efficiency is going to come on the market and increase the difficulty. I think Q1 2015 was slated to be the time for the release of the next gen ASICs.

It was an informative blog, and I was quite excited about Bitshares having a better structure in place fro smart contracts as compared to Ethereum. The discussion is continued at https://bitcointalk.org/index.php?topic=905616.0

There is no reason to implement them itself in Bitcoin. Its better to build something on top and use it, like Counterparty which absorbs any risks and potential protocol breaking bugs.

Bytemaster makes a case for funding development through dilution/delegate fee instead of pre-sales in his latest blog post.

Bitshares initially raised funding through donations through a company and had to tackle a lot of topics ranging from legal to tax issues. The funding method now which have been implemented, delegate pay, is an elegant way to do it.

Frantically getting rid of his Rubles.

So majority feels its gonna go south?

BitShares Graph Database

We are going to take the basic idea of a graph database and apply some relatively simple constraints. Every node (vertex/object) in the graph is managed by two multi-sig permissions, one for updating and one for transferring. Every edge in the graph is owned by its source node.

Edges are objects themselves. This means that you can construct an edge from a node to an edge or from an edge to an edge. On every object users can store arbitrary data as a JSON object.

What this means is that the BitShares network becomes a general purpose graph database where the validation rules are simple. Interpretation of the database is entirely dependent upon client side applications. This provides great flexibility and allows the block chain to be kept simple. Some examples of things that we can implement with the Object Graph:

• Forum of linked Posts
• Web of Trust
• Facebook
• Identity Management
• Organization Membership
• Voting
• Domain Names

While all of those things are interesting, they are only scratching the surface of what people will come up with. In future posts I will explore some specific applications of the Object Graph. Here is a visual example from a traditional application:


Accounts, Assets, Markets are First Class Objects

Every single item in the BitShares database will have a valid object ID and can be accessed via the graph API. This means that your user accounts and assets can become nodes in the wider graph and thus be the foundation of a web of trust.

Foundation for Scripting

The Object Graph will become the foundation for the future BitShares scripting environment. Every scripting language has a data model and this data model has a dramatic impact on the efficiency of scripting.

Ethereum has adopted a very simplistic database, a key-value store. A key-value store is a fundamental building block of all databases and is turing complete. By adopting a higher level data representation we can greatly accelerate many operations that would be expensive using a key-value store. It is like the difference between programing in assembly vs a higher level language like Java Script. We can optimize the graph database that the scripting environment runs on in ways that you would be unable to optimize a key-value store directly. In other words, Ethereum will force developers to build a graph database within their scripting environment on top of their key-value primitve. This will mean the graph database will be interpreted rather than fully optimized and compiled.

By building scripting environment on top of an object graph we can use better optimized data structures for performing lookups and reduce the number of operations that must be performed by the scripting environment itself. It becomes easier for developers to think about data and its relations rather than having to think about low-level primitives.

Status

The bitshares library already supports most of the operations necessary to create objects and link edges between them. We will be testing these features as part of DevShares in the weeks ahead before merging them into the BitShares network. If you have interesting ideas or applications for the BitShares Object Graph, please share them on our forum.