No. You only told me about the barnwood. And here I was gonna spend all that ImaginaryCoin on just wood? You holdin' out on me, Bruno?

Oh, and what you gonna do with the other 109.5 gallons of rusty metal?

Nah, bitcoin is a cryptographically based exchange protocol.

Agree on the first part. I'm not an expert with demolitions, but I have a fair knowledge of them from both interest and mining (the old type, with explosives, picks, shovels, and pans).

High rises do not pancake in on themselves without careful planning and even more careful execution of a sequence of well placed shaped charges. A lopsided hole CANNOT bring them down the way they came down.

That and any male person who was actually intimidated by a fucking boxcutter has nothing but my undying contempt. The only way that whole scenario could have been true is if the laughter was debilitating.

All races are equal(ly worthless). Since I'm a lot of 'em all in one scrawny Biomech, I know the truth of it!

Thanks! Senior member only really means I have a loud mouth. I've been involved in Bitcoin for a bit over two years, and on this forum since... don't recall the date now, but around a year. I lurked for several months before I joined, so as to not look like a fool.

It didn't work. I still managed to step on my dick several times

I've been a forum rat, and before that BBS's, since the mid 70's. If you don't grow some armour in that amount of time, you really will be bitter.

I've largely been an enthusiastic observer. That is about to change. ISAWHIM has offered to teach me some stuff, an offer I intend to take. I just haven't had time recently. As of today, most of the massive amount of shit that came down on me all at once has been either resolved or put at bay, so I hope to have that time very soon. Life moves awfully fast for us old farts I wish bitcoin had happened twenty years ago. I learned a lot faster and a lot easier back then...

While the math is rather intensive, the bandwidth isn't. I can't recall where I saw the post, but someone had calculated that you could run close to ten TH/S on a 56k modem without ever really pushing it's limits. About the worst broadband available wouldn't be bothered by that.

I mine at Eligius, and the vardiff works well. I do occasionally have a noisy connection, and it will drop me down to diff 32 for a few minutes, but mostly it feeds at 64, and with almost no hiccups. When a block is found, I might get a reject or two, and that's it. I don't know where Eligius is physically hosted, but I'm pretty sure it's not anywhere close to Mountain Home, ID. (though it could be in Boise, conceivably. There's a lot of high tech there). Running at the speeds you're talking, I would imagine it'll set your diff around 256, so bandwidth should never be an issue.

It means the tapeout was successful and the next stage has begun. Basically, on schedule. Building the mask, as I understand it, is the most time consuming part of the process from here out. Once it's built, tested, and if necessary revised, they can make Minions until they run out of money or interest.

It unfortunately says nothing about the PCB's, SMT lines, or firmware. But the ASICS appear to (finally) be on track.

Anyone want to bet on whether Technobit has a working unit before BlackArrow using the Minion chip? They beat Bitmine...

Bruno, I really wish I could call you out on this. I got used, and it doesn't feel good. It would be nice if they proved legit, but stupid.

My hope is that they tried to strike out on their own, rather than licensing the Technobit design(which reading between the lines seems like that was gonna be the original deal, but they couldn't reach an agreement with Martin on the price) and fell on their face. Then I wouldn't look like such a schmuck.

But the way they act, even this latest update, suggests something else. Not sure what, but it smells bad.

Are you sure you want to cop to that? Humans are a pretty fucked up species...

I'm a bitter old fuck... with a sense of humour. No hummer, though. A real HMMWV, maybe...

Actually, I do see it different. Somewhat. Some of the coins are going nowhere, fast. But the same thing has been said of bitcoin, in that the asics would make it unprofitable, etc. Instead, it has grown.

The bigger the network, the stronger the coin. Now, if all the coin has going for it is trade to/from bitcoin, it's gonna die regardless. But if a coin is developed to where it's a viable trade instrument, and there are a few out there trying for it, then the more miners it has, the more trade volume it will generate, and the more it's price vs. fiat and btc will rise.

It must be said that I'm something of a cynical optimist, so take it for what it's worth.

sounds painful. and bloody. I'd rather be sued, personally...

PICS or it didn't happen!

Congrats my man!

Good to know. My son and I are going to start making crafts, and I'll sell on your site. My real life is in utter chaos right now, so I can't give you a timeline on that, but hopefully very soon. And yes, I do agree that you are doing right by this coin. From my POV, yeah, you should have gotten some of the bounty because what you're doing creates value. And that is precisely what this coin needs right now. If people can buy real world goods directly with EAC, then it's far less likely to be dumped on an exchange.

You sir, are a good diplomat. I'm not, so I thank you!

Fair enough. In the heat of debate, it's easy to lose focus. And I will also say that IRL, I am currently under immense pressure from things unrelated to the discussion at hand, with no real target for my venom. My name got pulled into this, and I unloosed my venom on you. I shouldn't have.

On the subject at hand, that bolded part was what I was trying to get at. The giving side comes later. We have to build some sort of framework for it, and I think that this coin is well positioned, by virtue of the things already said, to fill that niche. Private charities do not operate at a loss, else they cease to exist. Tax funded charities, which is the world's primary model right now, deliberately operate at a loss to keep their lips on the government tit. I'll go into a lot more detail on both models in the paper I'm writing. Suffice it to say, for the moment, despite appearances we are basically on the same page. I am an anarchocapitalist with the firm belief that all people act out of the profit motive, but don't necessarily know it because they only understand the term in monetary terms. It actually means gain. Often, giving to the less fortunate gains people personally as it makes them feel good. My model of charity also gains in that it helps people to become productive. The most successful charities in times past didn't base their model on how often they served people, but by how few had to return. Using EAC as an exchange medium, I believe, can help to establish something like that. Much like 24Kilo's farm idea, employing some of those it was intended to help.


I too hope the devs have already dumped, if that's their intent. My other hope is that it wasn't their intent and they are simply dragging their feet. Perhaps having run out of creative steam, or being at a loss what direction to go. If we can inspire them, rather than browbeat them, perhaps they'll step back into the fray.

If they don't, then our best course, I think, is to promote the brand's utility and image and ride it out. Once the dump is done, the damage is rectifiable. Until it happens, or they step up, it does affect the value of the coin. But building something like this up takes time and focus. Time actually works for us in this case, as the longer the coin is mined, the less the premine matters to it's price even if they do dump. Not that it won't put downward pressure on it, but the wider it's adoption, the less likely they are to sell all at once at low prices. That's what I mean when I say they are largely irrelevant IF the community itself is proactive.

I'll revisit this when I have more time.

Alright, now I will apologize for being rude. Your post to 24kilo shows actual thought, not just raving. When you were raving, I responded in kind. I probably shouldn't have.

Your last few are reasonable discourse, raising legitimate concerns in an adult manner.

I am impressed.

In the interest of full disclosure, I am neither an early adopter nor an investor. I hold no EAC at the moment, and the most I ever had was like 10 coins. My interest in the coin stemmed from it's name, it's attraction to and by charitable organizations, and it's fast transaction times. My primary coin is Bitcoin.

I do understand your concern with the premine. I also understand the frustration inherent in not getting answers. This doesn't change my position, but I am more willing to outline it without the name calling and bravado.

Have the developers dropped the ball and walked with the money?

I don't know. It's a valid concern. Maybe they are still trying to get the EAC/USD exchange going, and holding reserves for it. Again, I don't know. That would be a wise move, but they have not revealed what they are doing. Maybe they are judiciously dumping it, keeping prices low, but not destroying the coin altogether, in the hopes of gradually cashing out. Once again, I don't know.

I'm fond of an aphorism that states "Never attribute to conspiracy that which can be more readily attributed to stupidity". I have seen far more people do stupid things than deliberately criminal things, even though the end result is often the same. So, lacking evidence of deliberate malfeasance, I'm going with stupidity. Stupidity is curable, usually by violent death, to be sure, but there are other ways. People do learn, should they survive.

Which brings me 'round to the position where you and I seem to be in contention: That the malfeasance or stupidity involved in the premine will sink or boost the coin.

I maintain that if the community does step up and fill the void left by the developers regardless of whether or not they step up themselves that the premine ultimately will not matter. Now if the time frame is today, yes, it matters. If the time frame is a year or two from now, it may not.

Why? Because of several things. One, if they are just holding to dump, there will come a point in the near future where that has been accomplished. At that time, those coins will be in general circulation, or at least distributed fairly by market forces. This, I think, would actually be the most healthy thing for the coin. On the day or days that it happened, the value would tank on the exchanges, but the coin would then be unencumbered.

Another, as I had mentioned before, is that by dint of it's name and it's attraction to and for charities, there is a chance for this coin to tap a market that is in sore need of money transmitting services that are outside of the purview of the so-called mainstream. Most charities right now operate at a much larger profit than for profit organizations. Or at least in the top echelon. I used to work with an internationally recognized charity. If I said the name, you'd know it. I'm not saying it because I don't want to give those blood suckers the recognition. For all their pious nonsense, they take 80 percent of the donations they receive for "administrative costs" and advertising. The advertising I see as legit. The manager driving a new Mercedes while the people she's supposed to be helping beg for food is not. Yet most modern charities are organized around the "clearing house" principle, where a large organization gathers funds and disburses them as it sees fit. The clearing houses mostly see fit to disburse it to themselves, while giving the real workers at the point of the lance an empty bag. A coin such as Earthcoin could address this by having people donate directly to the causes they feel worthy, and I mean DIRECTLY. Even with a reasonable amount of fees for such services, this would reverse the model to 20 or so percent to overhead and the remainder to be put where it actually does some good. People would go for it, too. The profits to be made there are immense, in the long term, both monetarily and in the realm of human potential realized.

Again, to be perfectly clear, I am not a fan of "handouts", though in emergency situations they are sometimes necessary. I am a big fan of the concept of a hand UP. As in the old saying if you give a man a fish, you've fed him today, but if you teach him to fish, you've fed him for life. I'll not go into great depth on this, at the moment at least, because it's not really the point. The point is that there are great things that can be done with this coin, and because it IS under the radar and of low exchange value, but also possesses quite a bit of intellectual and enterprising people in it's community, that it can be developed over a medium term to exploit some of these opportunities. If this is done without the help of the developers, the unfortunate truth is that they will profit by it if they hold their coins. But the flip side of that is, if they don't step up and the community does, their profit will be a one time thing, whereas the community will have established a robust and growing alternate currency that is actually doing something to make the world a better place.

And even more to the point, even if you're a cynical bastard, "green" sells. I still think this coin has immense potential due to it's name and fast transactions. I don't much care whether or not it's "asic resistant". True Asic resistance is easy to achieve. Just shoot the coin dead. If it becomes profitable enough to develop asics for it, then it is a success. I think the asic resisstance is a red herring in cryptocoins anyway. Asics make the network large and secure, as long as a lot of people have access to them. But a coin is going to have to be rather big before they're really worth the development costs. Asics, IMO will neither make nor break a coin. What will is it's adoption, or lack thereof. We can make it happen regardless of the actions of the developers. They can step up, and make it happen faster, but they do not own the coin.

Reminds me of one of my favorite aphorisms. "Never attribute to conspiracy that which can be more readily attributed to stupidity."

Hell, I like a fight as much as the next guy.

Your first response to me, that one I had to say was well thought out. And dare I say it? Pedantic.

I didn't say the premine wasn't a concern. I said, and still say, that if the community can raise this (or any other) coin to real-world levels, then any initial malfeasance on the part of the original devs becomes a bit of interesting history. The coin itself has merit, well outside of day trading.

As for the low blow... I'd say I'm sorry, but I'm not. You are a troll. You throw out the line, drag it along and see what bites. Trolls aren't always wrong, but they are always attention whores.

In my arrogant opinion, DOGE is the worst coin to ever hit the market by multiple degrees. It's a sad joke with no real planning behind it, no real world application ever thought of, and backed by the mentality of the teenybopper. I hated teenagers when I was one, and the passage of decades hasn't softened my opinion.

But you know what? It's successful. So my arrogant opinion, from a market standpoint, is wrong. This coin has an enthusiastic community with a lot of good ideas. Why bitch about one flaw while ignoring the strengths? So you think the devs are shady. I've no opinion on that. I do have an opinion on the coin itself.

As for pedantry being "insufferable", well, you are welcome to your opinion. The authors who have stood the test of time were pedants. All of them. Why? Because common speech is BORING.

I wish you were still involved. I love my HEX16B's