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1141  Bitcoin / Bitcoin Discussion / Re: Nvidia stepping into cryptocurrency mining on: February 24, 2014, 01:25:51 AM
If I would have read the article?

Obviously I did if I quoted it.

My statement still stands.   His information seems irrelevant.

A card that hashes at 200-something costs $170-something.

Okay so ... we are left to guess what the price will be on a card that actually matters I suppose.

Also ... weren't these 280x's something like $200 retail before the price boom?

How is a card that only hashes 200-something costing $170 a good deal?

-B-

You'll have to wait until the high end cards are released by nVidia.
1142  Bitcoin / Bitcoin Discussion / Re: Nvidia stepping into cryptocurrency mining on: February 24, 2014, 01:22:08 AM
There's a huge 404 at the top of the forbes page, but if you scroll down, the text of the article is there ( no images ).

Can someone clarify something for me?

Why is he running tests at a whopping 200 hashrate?

Nobody really cares about how it performs at such an irrelevant speed.   Most people want 600-700 ... no information on that?  And pricing?

Nobody is going to go buy a $60 card that hashes at 120...

-B-

If you would have read the article it told you that the big cards based on this architecture are coming.

If the scaling holds up to the high end then there can only be one answer. High End Maxwell GTX Geforce GPUs will give higher hash rates than their Radeon Counterparts while consuming less power and staying cooler (the 750 ti in question here never crossed 60c with or without OC).

I guess it doesn't really come out and say it, but it is inferred.
1143  Economy / Service Discussion / Re: If BTC-e.com rapped a young girl, would everyone STILL turn a blind eye? on: February 24, 2014, 01:11:20 AM
This is Bitcoin.

As far as I can tell being repeatedly stolen from is a good thing. Something to do with free markets.

You're also not supposed to care about other people either. Something to do with free markets.

Baloney. Plenty of us here have been telling people how to protect themselves for years.

People are more interested in "getting rich quick", so they aren't going to listen. They will fall for every trick in the book chasing after more money.

It has nothing to do with the free market and everything to do with stupidity.

In the non-free market it's just an entirely different group of people repeatedly stealing from everyone, legally.
1144  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 08:47:41 PM
whats up at stamp?

I don't know, I was watching, then I walked away for like two minutes and I see decent volume buys around $600.

Did someone put up a low wall that immediately got munched?

Wisdom is showing me a 573 bitcoin buy at $600.
1145  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 08:29:40 PM
I'm observing a fairly large wall at stamp at $620ish.
1146  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 08:25:08 PM
From http://www.reddit.com/r/Bitcoin/comments/1ymwzj/mtgox_still_authoring_invalid_transactions/
(According to an earlier post on that thread, user @nullc is Gregory Maxwell, one of the core developers)

Quote
@nullc 114 points 21 hours ago

I haven't seen any evidence that they're testing anything— just the regular dust sweeping transactions that they've had going on continually.

Initially when MTGox suspended withdraws I was fairly confident that all would be fixed soon (and said so as much on Reddit)— their technical issues were simple, and with proper controls in place could not have resulted in especially large losses. I especially expected losses to be small considering that they were reported by users and not discovered by MTGox themselves.

Considering MTGox's subsequent behavior— the extended outage, talk of withdraw limits, etc, I'm no longer confident of anything. Sad

Are there any news newer than this one, about the "MtGOX is testing" rumor?



Not that I have seen since - saw that yesterday - and I am pretty convinced from having read that thread it is indeed Greg Maxwell - he basically said they still haven't fixed it, and he wasn't at all convinced they were even close to doing it.

Creating transactions out of immature coins is a separate problem from transaction malleability. Gox is guilty of handling both situations poorly.

The fact that they haven't fixed creating transactions out of immature coins doesn't necessarily mean they also haven't fixed internal accounting problems stemming from transaction malleability.

I certainly don't expect them to go above and beyond and fix multiple problems at once!
1147  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 08:10:48 PM
Bitcoin in trouble, world governments introduce anonymous payment system which some are calling "Cash". Wink

http://www.coindesk.com/cash-invented-seen-media-today/
1148  Bitcoin / Bitcoin Discussion / Re: Getting more people to adopt bitcoin.... on: February 23, 2014, 07:56:45 PM
Security needs to be easy.

It is easy. Bitcoin is easier to secure than any other asset on the planet. I can't make a digital back up of my home or car. I can't protect my gold with cryptography.

The point is, the user has to do it themselves. They can't rely on a third party or insurance company.

Eventually there will be businesses which you can pay to protect your bitcoins, just like the businesses you pay to protect your traditional assets today. In fact, there is one already. I'm sure a search for "insured bitcoin" will lead you there.

I was more thinking the likes of education and features such as mycelium's cold storage spending or piper printer.
Not many people have had experience of having/getting to look after their own money and doing it wrong then getting burned will

A. Spread the false word that bitcoin is not safe and
B. leave a very bitter taste/put people off for good.

I agree, education is the way to go. Unfortunately you can lead a horse to water, but you can't make him drink. Many of us have been posting for years now explaining what to look for when learning to secure your bitcoins, yet we still have people storing coins on the same computers they use to browse the web.

Smart people, the ones who know how to earn and save money, will ultimately hear about Bitcoin and it's advantages. These are the adopters Bitcoin needs, not the average Joe who is thousands of dollars in debt. The average Joe will pay the smart folks to provide him with services to keep his money "safe".
1149  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 07:49:58 PM
Wall observer... nobody say something about these big ask walls?

Yea, manipulation to buy even more cheap coins. Nothing more, these coins really are not for sale.

I believe they've been sold...

Volume doesn't say so. Pulled.

Yeah, partially eaten and partially pulled. It's hard to glean information from some of these exchange tracking sites... even when they are working properly.
1150  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 07:49:09 PM
Looks like a bit of FUD elsewhere on this forum might have sparked this mini Gox flash-crash.

https://bitcointalk.org/index.php?topic=483416.msg5322347#msg5322347

Aww... that's too bad. I would love to hear these supposed "hacked phone calls"!
1151  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 07:46:07 PM
Wall observer... nobody say something about these big ask walls?

Yea, manipulation to buy even more cheap coins. Nothing more, these coins really are not for sale.

I believe they've been sold...
1152  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 07:44:53 PM
Wall observer... nobody say something about these big ask walls?

At Gox? Huge chunks of liquidity.

Too bad they are still only Goxcoins.

Om nom nom anyway...
1153  Bitcoin / Bitcoin Discussion / Re: Getting more people to adopt bitcoin.... on: February 23, 2014, 07:35:48 PM
Security needs to be easy.

It is easy. Bitcoin is easier to secure than any other asset on the planet. I can't make a digital back up of my home or car. I can't protect my gold with cryptography.

The point is, the user has to do it themselves. They can't rely on a third party or insurance company.

Eventually there will be businesses which you can pay to protect your bitcoins, just like the businesses you pay to protect your traditional assets today. In fact, there is one already. I'm sure a search for "insured bitcoin" will lead you there.
1154  Economy / Speculation / Re: Denial on: February 23, 2014, 07:04:05 PM
Oh boy.

Nagle used to grate on my nerves. His latest posts aren't that bad though. Maybe it's because he is ragging on Gox instead of Bitcoin. Wink
1155  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 07:00:19 PM
Although, I still think Bitcoin is extremely undervalued, but I try to avoid talking about the exchange rate (I'm biased). A fucking messaging app sold for $19 billion... I know it's apples and oranges, but Bitcoin provides far, far more utility than a messaging app.

Like that comparison. Hadn't thought of that one.

The more I think about it, the more interesting it becomes (in my mind).

Bitcoin can be seen as free speech, from the right perspective. Transactions are shouted to the world, and the world decides to write them in stone. If you want to stop bitcoin, you are infringing on the freedom of speech. (I can no longer share this information with the network.) Everything is open and available for the world to audit. The servers are decentralized.

Now this messaging app is also a form of speech, but it's proprietary. There is nothing free about it. The source is closed. The servers are centralized. (I'm making some assumptions here, I didn't bother to do any research. If I'm wrong, my bad.)

WTF is wrong with the world when this messaging app is worth billions of dollars? Fuck it, Bitcoin will probably fail because people are ignorant assholes! Wink

1156  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 06:52:10 PM
Goxcoin is on the nonstop slow pump to 400

It's a gauge of sentiment up to Monday morning as usual on the assumption that there are either news from Mark or fiat deposits rolling in Monday.

I fully expect Gox to drop the ball... again...

At least I'll be pleasantly surprised if they actually allow their victims customers to get their funds (bitcoins) out.
1157  Bitcoin / Press / Re: [2014-02-21] Ars - Harvard supercomputing cluster hijacked to produce coins on: February 23, 2014, 06:48:57 PM
I think there should be some acknowledgement towards Harvard for even having the intelligence to spot that their computers were being used in such a way, most schools wouldn't have realised at all because the people never even touch computers most of the time.

I bet he left it on for days, and the room got so hot the fire alarms went off.

Then maybe he doesn't deserve to be at Harvard because all he needed to do was open a window. They are in the middle of a frigid winter! (Maybe there were no windows in the supercomputer lab!) Wink
1158  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 06:42:49 PM
Hey do any of the old timers on this board know how long this gox shit will go on?

days, weeks, months or years?

Well... this Gox bullshit has been going on for four years now... so, take from that what you will.
1159  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 06:35:36 PM
Some would call me a troll, but here you go

No coins at all. Fail.

No coins on an exchange. I would call that a win! Wink

Good point. I retract and apologize.  mmitech, You may want to keep your coincount to yourself. It's not worth exposing your total stash just to win a pecker-flexing contest.

Looks like you're in this game since 2011. If you have less than 4 digits of coins to your name, somewhere down the road you screwed up.

A lot of people made the mistake of not holding during those early years! A lot of coins were lost on shady exchanges and obvious scams.

Although, I still think Bitcoin is extremely undervalued, but I try to avoid talking about the exchange rate (I'm biased). A fucking messaging app sold for $19 billion... I know it's apples and oranges, but Bitcoin provides far, far more utility than a messaging app.
1160  Bitcoin / Bitcoin Discussion / Re: The only one piece of legit FUD.... on: February 23, 2014, 06:28:22 PM
What FUD mean ?

http://www.internetslang.com/FUD-meaning-definition.asp
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