Ha! Try using any ultra-capitalist third-world country instead of East Germany, and you will reach the opposite conclusion... What exactly do you define as 'ultra-capitalist'? Could you name a few such countries, just so I understand what you mean here? |
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I have a question for you.
If you're 5 feet from a wall, and each step you take, you cover half the distance, how many steps will it take before you're there?
(the block reward will never reach 0)
M
According to The Bitcoin Wiki, the block reward of block # 6930000 and all subsequent blocks will be 0. |
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Well, the only way Bitcoin can growth is by regulation.
how can you be so absolutely sure about that? Hey, it worked for illegal drugs...  ROFL  |
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I don't think that's true - at least this article: http://www.businessinsider.com/nydfs-bitlicense-draft-2014-7 claims that this clause does not effect miners. I believe that's accurate because miners don't issue bitcoin in any meaningful sense. All 21 million bitcoin that will ever exist are defined by the protocol itself. That is one way to look at it. What matters is how regulatory (or more importantly old people in black robes) look at it. Mining pools (other than those like p2pool and Eligius) would probably fall under 202 (n) 2. Yeah, it's sufficiently vague that it can definitely be read in different ways. This is probably a good time to comment on these overly vague clauses, so what actually gets enacted is more concrete  |
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202 (n) (n) Virtual Currency Business Activity means the conduct of any one of the following types of activities
involving New York or a New York Resident:
(1) receiving Virtual Currency for transmission or transmitting the same;
(2) securing, storing, holding, or maintaining custody or control of Virtual Currency on behalf of others;
(3) buying and selling Virtual Currency as a customer business;
(4) performing retail conversion services, including the conversion or exchange of Fiat Currency or
other value into Virtual Currency, the conversion or exchange of Virtual Currency into Fiat Currency or other
value, or the conversion or exchange of one form of Virtual Currency into another form of Virtual Currency; or
(5) controlling, administering, or issuing a Virtual Currency.
It would appear that creating a new cryptocurrency could be interpreted as licensed activity in NY. Now one might argue it is unenforceable, but unenforceable really means selectively enforceable. That is always a bad thing and should be discouraged. The law could go unenforced for years or decades and then used to attack some altcoin developer who resides in NY because he made the wrong people angry. Legal landmines like that should not be included in any regulation. That section worried me too, it looks like miners need a licence and that's not good. The multimillion operations mining Bitcoin these days would have to jump through all these hoops and the kid setting his gaming rig to mine some obscure alt certainly shouldn't be expected to, in legal terms there's no difference between them. I don't think that's true - at least this article: http://www.businessinsider.com/nydfs-bitlicense-draft-2014-7 claims that this clause does not effect miners. I believe that's accurate because miners don't issue bitcoin in any meaningful sense. All 21 million bitcoin that will ever exist are defined by the protocol itself. |
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germany "Football is a game played by 22 players and in the end Germany wins"  Sorry -- why are you mentioning soccer? Was there a soccer championship somewhere recently? And what is Germany? Too soon, Jorge?  |
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I'm getting an "invalid address" error when attempting to solo mine. Coin is GlobalBoost. BFGMiner 4.4.0, OS X Mavericks w/ Zeus Blizzard. Cmd line: bfgminer --scrypt -o http://127.0.0.1:port -u user -p pwd --coinbase-addr GYLaG8VgEwHjfLWvYnyCGCzQgMVHMbEo87 -S zus:/dev/cu.SLAB_USBtoUART What am I missing ? Thanks, ~ Jay You can only use valid bitcoin addresses - alt coin addresses will not work. If you are pulling from git, you need to run ./autogen.sh before ./configure. I'm using the binary available here. Maybe I'll try compiling it. Sorry, I clicked on the "quote" button of the wrong message. Your problem has nothing to do with compiling. You simply cannot use BFGMiner's GBT solo-mining mode to mine alt coins. The coinbase address HAS to be a BITCOIN address. |
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Facing some compile issues from git version I did a make clean in the ~/bfgminer directory I did a git pull to update new source. ./configure ./make make fails with following tail: make[5]: Nothing to be done for 'all-am'. make[5]: Leaving directory '/home/minepeon/bfgminer/lib' make[4]: Leaving directory '/home/minepeon/bfgminer/lib' make[3]: Leaving directory '/home/minepeon/bfgminer/lib' CC bfgminer-miner.o miner.c:102:21: fatal error: version.h: No such file or directory #include "version.h" ^ compilation terminated. Makefile:1141: recipe for target 'bfgminer-miner.o' failed make[2]: *** [bfgminer-miner.o] Error 1 make[2]: Leaving directory '/home/minepeon/bfgminer' Makefile:2211: recipe for target 'all-recursive' failed make[1]: *** [all-recursive] Error 1 make[1]: Leaving directory '/home/minepeon/bfgminer' Makefile:862: recipe for target 'all' failed make: *** [all] Error 2 What am I missing? Thank you. Announcing BFGMiner 4.4, the modular cryptocurrency miner written in C. BFGMiner features dynamic clocking, monitoring, and remote interface capabilities.
If you are pulling from git, you need to run ./autogen.sh before ./configure. |
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I'm getting an "invalid address" error when attempting to solo mine. Coin is GlobalBoost. BFGMiner 4.4.0, OS X Mavericks w/ Zeus Blizzard. Cmd line: bfgminer --scrypt -o http://127.0.0.1:port -u user -p pwd --coinbase-addr GYLaG8VgEwHjfLWvYnyCGCzQgMVHMbEo87 -S zus:/dev/cu.SLAB_USBtoUART What am I missing ? Thanks, ~ Jay You can only use valid bitcoin addresses - alt coin addresses will not work. |
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Hello, Again.....
I have a question please.... In the past 7 days, have we gotten to a higher difficulty level that would have changed the service that much?
The reason I ask, I have been hashing for 10 days solid, and I was always at a payout level of 0.230000000 and or there abouts...
but in the past few days, it has changed to 0.155000000 and there abouts??
My hashing has stayed the same at 4 TH give or take a few every few hours....
Just not sure why the pay out levels have gone down so much???
Thanks for any info on this....
I am getting shares almost 1 per hour... sometimes more....
Bryon
If your hashrate stays the same, and the payout per block goes down, it usually means that someone else has added a lot of hashrate to the pool. This will cause your share per block to go down, but should also result in more blocks being found by the pool - so it evens out. |
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They pull apart about 1/3 of the article and call it done. There are certainly some inaccuracies in the article but that doesn't dismiss the whole thing. It's a very well-known fact that there is massive overcapacity in the European automotive industry - just google 'european automotive overcapacity' to see tons of stories on that. The only way to fix this problem is to shut down automotive plants, each of which provides thousands of high-wage jobs. I would not be shocked at all to find out that some European government entities were covertly subsidizing overproduction just to keep their local plant(s) open. Pure speculation, of course - but it would make a lot of sense. |
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Despite Jorge's protestations to the contrary, he clearly equates 'anarchy' with 'chaos' in post after post. I'm pretty sure that most people who consider themselves 'anarchists' are not aspiring to maximize the chaos in the world. Anarchy is order without power. - Pierre-Joseph Proudhon
Sigh, again, I wrote No, by anarchy I mean just the absence of a government and its "monopolistic" courts, police, etc. I know that anarchists dream of an orderly and free society without government BUT indeed I believe that anarchy, no matter how it starts, is unsustainable, and is quickly replaced by a government, internal or external; and, in the first case, often an authoritarian government, rather than a democratic one. I think you just tried to redefine your position to something different from all the posts you made before that one here - but even if that is what you believe, then you still don't get the actual meaning of 'anarchy' as most anarchists use that word. Anarchy is an intentional state that is achieved, not something that just 'happens when a government collapses, etc.'. As far as the sustainability of an anarchic political equilibrium goes, you may well be right. I have never seen any state reach a state of anarchy, as I understand it. Communist governments ostensibly aspire to it, but I think it's clear that none has achieved any such thing so far - and I have never seen any nation with what I would consider a truly libertarian government, let alone an anarcho-libertarian one. |
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Anarchy on a larger scale often arises involuntarily after the collapse of a centralized government with a complex administrative infrastructure Anarchy does not arise after the collapse of a government. That's a flawed as saying that atheism arises after a church burns down. Exactly Despite Jorge's protestations to the contrary, he clearly equates 'anarchy' with 'chaos' in post after post. I'm pretty sure that most people who consider themselves 'anarchists' are not aspiring to maximize the chaos in the world. Anarchy is order without power. - Pierre-Joseph Proudhon
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By the way, the word 'anarchy is ancient (Oxford Dictionary: "mid 16th century [ in English ]: via medieval Latin from Greek anarkhia, from anarkhos, from an- 'without' + arkhos 'chief, ruler'). Proudhon may have been the first to use it as the name of an explicit political model.
I was under the impression that anarchy as a political ideal was the subject under discussion - and I'm pretty sure Proudhon's definition is the one used by anyone who claims to be an anarchist, regardless of whether they favor getting to that state via socialism or libertarianism. |
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You keep using that word 'anarchy', but I don't think you know what it means. Anarchy is not a synonym for chaos... As Pierre-Joseph Proudhon famously said, "Anarchy is order without power." . You should read up on it some time. Really.
No, by anarchy I mean just the absence of a government and its "monopolistic" courts, police, etc. I know that anarchists dream of an orderly and free society without government; but, based on history and human nature, I don't believe such a society would survive long enough to be remembered. "Anarchist" is pejorative in most countries, but in Italy Anarchism has a rather positive aura -- intellectually, but not in practice. That's because the Anarchists were much involved in the political movements that led to the expulsion of foreign colonial governors (from Spain, France, and Austria) and the independence and unification of the country. They played the role of the American activists who first spoke and conspired against the rule of Britain, I guess. But, of course, as soon as the country was unified, the Anarchists were thanked and pushed aside, and monarchy was established (with a branch of the French House of Savoy on the throne). Mussolini and Hitler also indirectly benefited from anarchists who called on people to refuse to take part in the "political game" of "sham democracy", and thus helped weaken the governments that they then took over. You don't get to redefine terms to fit what you believe. Proudhon invented the term, so he can define it any damn way he wants - even if that means a social order that he desired, but you don't believe can exist. Unlike Proudhon, I am neither a socialist, nor an anarchist, so I won't try to make his argument for him - but I am at least well-read enough to know what the term means, and to use it as it was meant to be used. If you want to discuss 'chaotic lack of order', then you should use that phrase, or maybe make up one of your own - but using the term 'anarchy' is just incorrect. |
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i don't know the examples you mention. I know of a few conscious attempts at anarchic communes going back to the middle ages, but all of them small and toppled by external forces. Anarchy on a larger scale often arises involuntarily after the collapse of a centralized government with a complex administrative infrastructure; and in that case it is often succeeded by a domestic tyranny. The French and Russian revolutions may be examples of the latter.
I don't know of any example, anytime or anywhere, of an urbanized society that survived without government for more than a few months. (Although I gather that achaeologists have yet to find signs of a government at Çatal Höyök, "the very first city").
You keep using that word 'anarchy', but I don't think you know what it means. Anarchy is not a synonym for chaos... As Pierre-Joseph Proudhon famously said, " Anarchy is order without power." . You should read up on it some time. Really. |
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What are you going to do with your now illegal BTC?
Again, BTC wouldn't be illegal. Converting to USD would be illegal. You could sell for other currencies in countries not hostile to Bitcoin. If somehow all the countries of the world were to criminalize exchanges between Bitcoin and their currencies (very big stretch here), there would always be a market between Bitcoin and Gold, or anything else with actual value. It wouldn't matter if it was, really. Ownership of gold bullion was illegal in the US from 1932 to 1971, but I think it still retained it's value pretty well if you happened to have some anyway. |
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I wish I understood the monkey meme in here. Anyone care to explain? My inkling is that it serves to highlight the absurdity of predicting something quite unpredictable through parody. But this feels too complicated. Though amniorex does usually think at this sort of depth.
There is no meme. Aminorex literally has a prediction monkey. See https://bitcointalk.org/index.php?topic=178336.msg7398180#msg7398180 for instructions on how to build your own. |
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what you have to do is: - gain some credibility
- Within the limits of our liquidity base, we are ready to do whatever it takes to support a bitcoin price of $800, and believe me, it will be enough.
Things like the Exchange Stabilisation Fund you mean? I was more thinking of the monkey's private liquidity base in USD. I suppose he has one, else it will be futile. I am so in favor of putting the magic monkey in charge of managing the magic internet money. It appeals to the parts of me that adore latin american magical realism. However, the monkey has never worked for Goldman-Sachs, so he is obviously not on the short list for recruiting central bankers. (I think they prefer Ivy League simians at Goldman. Monkey grew up in the jungle, never wore Nantucket reds during the summer, and doesn't date girls named Tiffany who drive Boxsters -- but only because they never return his calls.) He might actually get a job making market in COIN options one day, however.  |
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The guy from Vaurum says Brazil is one of their prime targets. They're coming to get you, Jorge! Brazil will be assimilated... Why don they try to sell their crap in the US or Europe, where the real money is? Why, hun?   They want to help people who need their help the most. You really should be more grateful :p |
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