 Show Posts
|
|
Pages: [1] 2 3 4 5 »
|
|
How can you make the value a constant when it is a limited currency?
Binding bitcoin value to any currency destroys half the point with bitcoins.
What is so wrong with the current system?
|
|
|
|
|
The economy will fail anyway this fall.
I mean we can't know for sure but the last finance crisis seemed just like foreplay...
I don't have a lot of knowledge in economics, so I'll let someone more educated discuss this...
|
|
|
|
Confirmed. No specific security vulnerabilities are forthcoming.
Sweet, that's really good to hear. Now, any speculations if/when the market will get healthy again? I'm hoping for somewhere before the next difficulty. I haven't ever invested in bitcoin so I hope that everything turns out just fine, which I actually believe as well. |
|
|
|
3 and 5, i really doubt people will pay taxes
Correct me if I am wrong but I thought escaping taxes was illegal? I've never used it for an illegal purpose but I'm trying my best to use it for a POSITIVE purpose. See my sig.
Well, that seems like the side of bitcoin we would like to promote! I will check it out  Isnt #3 taxes? and avoiding taxes is illegal, at least in the good ol us of a. If avoiding taxes is illegal then how can you vote for both 3 and 5?  |
|
|
|
|
You can still purchase psychoactives by using bitcoin.
Silk Road might have been the No. 1 site for purchases of the kind but since the RC-market* has flourished the last years you can just buy a virtual visa through bitcoinpayout for example and then order some RC that's both legal and cheaper than street-drugs.
*RC = Research Chemical, a psychoactive substance that has not yet become illegal. Often poorly documented (side-)effects and therefore cheap. Commonly purchased from web-shops.
|
|
|
|
3 and 5, i really doubt people will pay taxes
Correct me if I am wrong but I thought escaping taxes was illegal? I've never used it for an illegal purpose but I'm trying my best to use it for a POSITIVE purpose. See my sig.
Well, that seems like the side of bitcoin we would like to promote! I will check it out |
|
|
|
|
Since bitcoin has gotten known by some as "The anonymous currency for hackers, drug-(ab)users and criminals." I'd like to create a poll on how many actually have a drug/crime-related use of bitcoin.
I don't know what you think of actually creating a poll like this, I guess it could be a bad idea if the results get taken too seriously. Like "5% of bitcoin users do drugs!" or "3% of bitcoin users are criminals. Bitcoin should be made illegal!". For those with sophisticated thinking we know that this poll means nothing, attention gets drawn by the name of the topic. Perhaps only drug-users even read the thread. Well, I will try to come up with a good topic-name so that hopefully doesn't happen.
And then I wonder, am I really the only one interested in this?
I remember a thread in the mining sub-forum where the poll was something like "What is the better use of electricity?" and at least 3 options were available. They were something like "Bitmining", "Growing weed" and "Both". I recall "Both" being the most voted on.
I guess this is not especially strange, no one voted for just "Growing weed" but seriously, this is the bitcoin forum, who would not vote on bitmining?
The thread quickly led into a discussion about what was the most profitable but I don't remember the outcome.
Sadly, I can't find the thread with the search function. Is it possible that the thread could have been deleted?
Anyway, I would really like to have as many people as possible participate in this poll.
I'm probably going to nerd-rage on my F5 when I've pressed post. I really find this interesting!
Edit:
If someone notices any faulty grammar in any of my posts, please tell me! I'm from Sweden and Swedish is my main-language but since I barely passed any of my Swedish-classes throughout school and prefer a language globally used I'd rather learn proper English (which classes I've always aced somehow).
|
|
|
|
|
I'd like to know this as well.
|
|
|
|
|
Since difficulty constantly rises and pools control more computing power than ever before the BTC/computing power will go down and so will the $/computing power if exchange-rates stay the same or lowers.
I was just wondering if the pool owners could re-program their system so that the computing power can be used for bruteforcing?
If it was possible they could just pay off all the bruteforce computing-power with the equal amount of BTC/share without the miner knowing a thing.
So, could this lead to a scenario where it is possible to buy bruteforce computing-power?
|
|
|
|
1) Will cooperating with government make bitcoins go up in value because it may result in their adoption by the mainstream, or will it make bitcoins less valuable because it diminishes financial privacy which is a very important motivation for a lot of people. How does bitcoin diminish financial privacy? |
|
|
|
A lot of libertarian types don't like any currency not backed by something that has some utilitarian value
Well, it may not be backed by utilitarian value. But it is created from it, perhaps that could make a difference to them? |
|
|
|
|
If CIA hooks up their mainframe to mine bitcoins. We are all fucked, big time.
|
|
|
|
Bitcoin was and still is an incredibly small market, even at the recent high of about $30 the entire economy had an approximate valuation of about $200 million which is tiny on a global currency scale.
The number of BTC is finite. As more people come to desire bitcoins, that means there are more dollars chasing up a relatively stable number of BTC. Assuming BTC is destined to become widely adopted on a global scale, $30 is still very cheap. There is nothing unhealthy about the present growth, it has had frequent downward corrections as the price has risen; this is indicative of healthy growth. At some point in the future the growth will likely taper off to a more "normal" rate.
Thanks for explaining, well written. I have thought of this myself, it seems that every time the BTC-value explodes it begins to decrease slightly in value over the next hours. It is pretty logical since if you notice the value of BTC has raised 50% the latest 24h and you already consider selling, you sell as soon as you think the raise is about the end, which could increase value further. But when everyone who is interested in selling BTC has done their business, the value goes down slightly. I have a feeling about being totally wrong here... Please correct me or confirm I have a point. Now that I think of it, this seems wrong... Correction please! |
|
|
|
|
Or we simply start trading bitcents?
I can't come up with a good abbreviation though.
|
|
|
|
AMD Athlon 64 X2 3800+ running on Ubuntu 10.04 amd64. I'm running the CPU miner only on one core, because I end up with 100% CPU usage on the other core if I run pocblm  Out of curiosity I just booted Windows Vista Home 64 on the same maschine and installed pocblm. The CPU usage is between 0 and 3% Furthermore Windows outperforms Linux by the factor 10 (3.5 vs. 33 Mhash/s)  I don't like that  If Windows outperforms Linux (especially if by a factor of 10!) you are doing it wrong! My first guess was that you are CPU-mining, but that wouldn't make sense with 0-3% usage... Have you installed the latest GPU & OpenCL-drivers? How high load has the card? Is there a significant increase in temperature? |
|
|
|
How do you even downclock it that much? I have an 6950. The CCC doesn't go that low, and with MSI afterburner, anything lower than about 700 reverts to the default 1250...
Well, you can solve this by setting the lowest memory-clock possible (or close) and then restart afterburner, it will then have a new clock-spectrum for you to use. This new one should reach down to 300, if not, repeat. I'm not sure if you have to patch the afterburner settings file for this to work, there is a thread about modifying the settings file somewhere on the forum but I can't find it since the search-engine seems broken... Sometimes my MSI Afterburner glitches and lets me move it to 300MHz =D
Maybe you did what I wrote above without knowing what caused the "glitch" yourself? The card runs its memory at 300MHz when it is idle as a powersaving feature. You are merely forcing it to run its memory at its idle clocks since it is actually idle.
Oh, the other day I wondered why the core- & memory-clocks fluctuated when idling Thank you for the knowledge! |
|
|
|
|
Difficulty does only good. It increases BTC value and promotes common sense so that miners don't become too greedy.
I mean, bitcoin mining can not exist without difficulty. Because without difficulty, BTC value would probably just drop all the time.
|
|
|
|
Hi.
I would like to ask a question if downclocking memory to 300mhz in radeon 5870 can destroy a card ?
Your display driver can crash so badly that a reboot is needed but permanent damage should be impossible with any type of underclocking. |
|
|
|
Why did you create another thread when 6 other threads with the exact same subject exist? Do you really need the personal negative attention that people will give you for spamming the forum with duplicate threads?
Its a serious fucking issue, maybe the morons mining at deepbit will actually see one of these threads and think about what you are doing to the network. Herp derp... make 6 threads "morons" will ignore them all. Make 7 threads, fuck yeah, they instantly, unanimously decide to switch to other pools. I like your logic. For every thread on the first page of this sub-forum the higher chance that morons will wake up and realize what has to be done. |
|
|
|
|
