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81  Bitcoin / Bitcoin Discussion / Re: Mt. Gox needs to give more time between reopening and starting trading. on: June 23, 2011, 03:28:02 PM
I agree. I was among the first to go through the claim process, and I still have no idea what the status of my account or claim is right now.

Somewhat frustrating...
82  Bitcoin / Bitcoin Discussion / Re: Mt. Gox Update on: June 22, 2011, 04:12:56 AM
While I think that I support Mt. Gox at this time, pending any major disclosures of facts, a totally new site may NOT be a good thing. I know these guys are working their asses off right now, but it's not easy to test something that comprehensive in a few days time.
83  Bitcoin / Bitcoin Discussion / Mt. Gox Update on: June 22, 2011, 03:46:55 AM
[Update - 03:36 GMT] Update on claimed accounts
We're happy to report that over 10% of our user base have already reclaimed their accounts. Newly reclaimed accounts require strong passwords which are secured with SHA-512 multi-iteration triple salted hashing

For the time being, deposits that were send to Mt.Gox accounts that were not in accounts before we took things offline will be in a "pending" status. Once we have the new backend in place, we will start processing these pending deposits and withdraws. Also, shortly after the backend is up and running we will allow customers with newly reclaimed accounts to login to Mt.Gox, and use the site as per usual, with the exception that active trading will be disabled. Users may place orders to buy or sell, but they will be queued until we enable trading, which will most likely be a couple of hours after users are able to login to Mt.Gox.


Thanks again for your continued patience and understanding while we work to get Mt.Gox back online.
84  Bitcoin / Bitcoin Discussion / Re: The Truth? on: June 22, 2011, 01:09:51 AM
I understand their reasons; I just don't agree with them.
85  Bitcoin / Bitcoin Discussion / Re: Camp BX Platform in Beta: Margin Trading, Short Selling, and Advanced Orders on: June 21, 2011, 11:43:30 PM
First off, it looks really slick. That may not be the most important feature of an exchange, but it is nice.

Second, I'm very, very, very happy that you have launched this for community testing with testnet coins. It shows that you are aware your system may have bugs, but you'd rather have us help you flush them out. I think it's a great idea.

Third, I look forward to reading the security audit when it is released.

Best of luck on your business Smiley
86  Bitcoin / Bitcoin Discussion / The Truth? on: June 21, 2011, 11:25:18 PM
When it comes down to it, none of us know what the real truth is concerning what has happened. We probably won't know for months, and that's assuming we're lucky enough to have it all come out into the open. This whole incident has been one huge fiasco that could have and should have been handled better by all parties involved.

People writing long drawn out posts, providing chat logs, and speculating wildly is doing nothing for Bitcoin as a currency. Short of providing entertainment for a few and food for the trolls, it certainly isn't productive. We should all know by now that you can't trust anything on the internet. As such, let's all take a moment to relax.

Where should we go from here? For the time being, keep yourself advised on how the recovery process is going at Mt. Gox. If you had money in either BTC or USD at stake there, make sure you're doing your best to work with them and recover your account ASAP. If you no longer trust them, take your money and go. If you do still trust them/think they'll do better now, stay and begin to trade when they open back up. In the meantime, consider using alternative exchanges to continue your trading.

This campaign of FUD across our forum is unnecessary at the very least and is more than likely harming not only the Bitcoin as a cause, but for those of you looking to turn a profit, it is harming the value as well.

Let's move on and let those involved sort this out as best they can.
87  Bitcoin / Bitcoin Discussion / Re: Newest Mt.Gox update status, on: June 21, 2011, 10:48:31 PM
All your base are belong to us.
88  Economy / Trading Discussion / Re: Who has tradehill live charts, order book or transactions? on: June 20, 2011, 06:23:27 PM
Love your stuff, Clark. It has been very useful.
89  Bitcoin / Bitcoin Discussion / Re: *- RED CROSS donate suggestion -* on: June 19, 2011, 03:42:59 AM

I think the Bitcoin community appreciates your effort, and it is true that getting large recognized entities to accept Bitcoins as donations or payments will certainly help the cause.

However, I think at this point in time it is best to put a very polished and professional face on our dealings with the public. Things like "suck" and "bullshit" are very much the truth, and I agree with your sentiments. Unfortunately, we need the positive press coverage for the time being to encourage early adoption.

Please consider having a native speaker proof read and recommend a more business-like letter to the organizations you would like to contact.

Otherwise, I like your spirit and enthusiasm. Keep it up!
90  Economy / Economics / Re: What happened to the weekend slump? on: June 19, 2011, 03:28:33 AM
i mean, thanks - but i can juggle my own balls...

Thank you for that. I needed a laugh Wink
91  Bitcoin / Bitcoin Discussion / Re: The point of bitcoin on: June 19, 2011, 03:18:01 AM
As a disclaimer I would like to mention that I believe bitcoins would be more valuable as a currency if they were backed by something of physical value like gold, silver, rice, oil, gasoline, or perhaps even the kilowatt-hour.

Those things are themselves "backed" by the conjecture that they exist in limited quantities and require a lot of work to produce.
Bitcoin solves the currency issue by generalizing this into pure math. Those who grok it see them as the best currency backing you can achieve.

+1 for using the word "grok" correctly. Wink
92  Bitcoin / Mining support / Re: Windows 7 Lockup on: June 18, 2011, 10:19:47 PM
That's what I was wondering, but it seems strange that it would pop up out of the blue like this. I was running with my quoted settings for weeks with no issues.
93  Bitcoin / Mining support / Re: Windows 7 Lockup on: June 18, 2011, 09:56:46 PM
Neither overdrive nor MSI Afterburner was able to clock the memory lower than 685. The settings just didn't want to take. I even tried using the unofficial overclocking mode with afterburner.

I really don't think heat is the issue, because the cards are never hotter than 75C.

And I'd read a few guides about doing the BIOS flash, but I wasn't sure if it would work on a NON-Reference card.
94  Bitcoin / Mining support / Windows 7 Lockup on: June 18, 2011, 09:26:37 PM
Looking for some help from the community because I'm stumped at this point.

I'm running two 6970s on Windows 7 64-bit.

Until just recently, I was running each of them at +5% voltage, 945 clock, 1385 memory, and I was getting around 405 - 410 Mhash per card. Now, if I try to run with those setting, my windows setup will completely freeze and lockup requiring a reboot.

I installed a dual-boot of Ubuntu for the time being, and am successfully running both cards, but I haven't had any luck overvolting the cards with Linux tools, and I need the little bit extra so I can get the performance boost by using the -v flag.

So please answer one of the two following question:

1. What would cause this behavior in Windows?
2. What tool/procedure can be used to add 5% voltage to these specific cards in Linux?



It only seems to lock up on Windows if I turn on a miner with the second card. If I leave just one card running, it seems fine.
95  Bitcoin / Bitcoin Discussion / Re: Just wait, this is coming down the pipe. on: June 18, 2011, 08:30:27 PM
Bitcoin's technology is unstoppable, like p2p filesharing has proven to be unstoppable. But "the Bitcoin Project" could fail in a bunch of different ways.

If mainstream people think "Oh, bitcoin is that internet thing used by criminals", that is bad for bitcoin. It might be bad enough to kill the project (note that I said "the project", not "the technology").

If bitcoin really does turn into an internet thing only used by criminals then I'll personally consider it a failed experiment and will find something else to do.

PS: the cbsnews interview was with Jeff, not me, and my last name is "Andresen"

Gavin, it's good to see you pop in and offer your perspective. I think we are all very grateful to have you as a level-headed spokesmen for Bitcoin. Listening to you in the interviews, I've heard you say how you'd be much more comfortable to continue coding and working instead of constantly doing public appearances and talks on it.

I think that proves that you are the person for that role. It has been thrust upon you and not seized or even necessarily wanted by you. We can all argue that Bitcoin is completely unstoppable. We can talk about bringing down the banking system. The truth is that at this stage, we just don't know what the future of Bitcoin holds.

It's a revolutionary idea, and it has the power to change lives. However, it has its weak points. The usability needs to improve for further adoption by the general population. The security needs to improve to be taken seriously by big investors. The biggest hurdle we face right now is playing the game and showing the legitimacy and beneficial nature of Bitcoin to government and politicians.

It is in the best interests of Bitcoin for all of us to play nice with others, or at least pretend to do so.
96  Bitcoin / Bitcoin Discussion / Re: Ideas for the Perfect Bitcoin Exchange on: June 18, 2011, 08:05:38 PM
I would like to see the charts and tickers that are often supplied by third-parties fully integrated into the trading site.

These sites are extremely helpful, but it's nice to have all that information at hand on the site. Still make sure to publish some type of API or web-socket so others can make use of it and personalize it to their own needs, but please do provide at least a minimum set of features, especially live stats.
97  Bitcoin / Bitcoin Discussion / Re: The point of bitcoin on: June 18, 2011, 07:52:50 PM
Recently I've read a lot of claims that Bitcoins don't have intrinsic value. I've come to a different conclusion.


Is there value in Bitcoin? Let me ask a counter question: Is decentralization valuable? If you think that we'll increasingly lose trust in the central authorities that manage the infrastructure we rely on, you might expect Bitcoins to rise a lot in value. If not, that is you believe that authorities will be able to tackle the challenges of the future better in centralized form, then from your perspective Bitcoins don't add value. We'll see.

This was a very insightful post, and I agree that it should be stickied. It not only answers one of the most often asked counter-questions to Bitcoin, it provides a modestly down to earth explanation for how Bitcoin's proof of work system functions.

I think the majority of new people and people introducing others to Bitcoin could benefit greatly from this post.

Well done, sir.
98  Bitcoin / Bitcoin Discussion / Re: So I'm speaking at DEFCON 19 about bitcoin... on: June 18, 2011, 07:28:17 PM
I went to DEFCON 17 and was amazed at the amount of computing genius one can find there. I think if you're talk is even halfway decent, you'll find yourself approached by a ton of people who want to try to do something new and innovative with Bitcoin.

Please do keep us informed.
99  Bitcoin / Bitcoin Discussion / Re: Newly minted idiot on: June 17, 2011, 12:29:20 AM
A new farmer to the commons not adding a couple of cows, but an entire herd of them. In two weeks the commons will be that much harder to utilize for everyone. It is advantageous for each miner to add as many video cards as possible, but in so doing they make the difficulty increase, thus causing diminishing returns on everybody's cards and requiring more cards to keep the same level of income, causing a higher difficulty, etc etc. Unless price moves substantially, in a couple of months the difficulty will be so high that many will be mining at a loss. But that is how the game goes.

That's not a tragedy of the commons, it's called competition. The total bounty of (50 coins + fees)/block does not decrease, it's only spread thinner, so that the less competitive miners die out. If anything, more miners means a more stable network, more users, therefore more fees.

A real tragedy of the commons is this: every guy brings more cows up to the point were there's overgrazing, no time for grass to recover and grow, and the total utility of the grazing land goes down temporarily or permanently, even to zero in the event of desertification. So maximizing the individual utility has diminished or destroyed the global utility of the shared resource.

Thanks for giving the textbook definition there.
100  Bitcoin / Bitcoin Discussion / Re: Newly minted idiot on: June 17, 2011, 12:28:25 AM
Synaptic, I've been following your posts and threads over the past few days and I've observed that (1) you've got some reasonable things to say, and (2) that you say them with astonishing douchebaggery.  Chill out.


I still have to go write up a response to his "logical" discussion of bitcoin.
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