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Yes, they are!!! Isn't that cool or what?!?
Next topic ....
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So 1 big pool please, the more pools we get the longer we search for blocks, the less we earn.
You really don't want one centralized pool. You'll soon enough find out why if you stuck around here a little longer. |
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It is the government that creates increases wealth inequality.
If not for progressive taxes, wealth inequality would be higher.  Prove it. Cite peer reviewed evidence or argument from first principles. Because if not for progressive taxation, rich people would pay less in taxes, and poor people would pay more. Are you suggesting that rich people paying less in taxes would make them poorer? Or that poor paying more in taxes would make them richer? Those are the only scenarios which would reduce financial inequality, and both are self-contradictory. It is not so cut and dry. A progressive tax reduces the productivity of the most efficient producers. Reduced productivity results in more expensive goods for the poor, countering the benefits of their lower taxes. It is as cut-and-dry as that. If progressive taxation indeed increases the prices of good, those prices are increased for rich & poor alike, allowing us to factor out this [disputable] increase when solving for economic inequality. Wealth disparity is not a problem in and of itself. The problem is having too many people living in poverty. It can be argued that reduced productivity would lead to this. |
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There was a lot of panic and speculation leading up to the first block reward halving in late 2012 (from 50 BTC to 25 BTC). However the actual incident turned out to be uneventful. The next halving to approximately 12.5 BTC will will happen in 2 years and will probably be just as uneventful. In about 140 years, if Bitcoin is still around, the fees will be the majority of miner's income. I bet nobody will notice the block reward disappearing (unless 1 Satoshi is worth a fortune then).
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I am not interested in details, based on what doesn't matter, I am just saying this can be easily done if Bitcoin becomes large enough to be a threat.
Just because it can be done doesn't mean that it will be done. And it doesn't mean that the regulators will get everything they want when they try. The fact is that it is difficult for a single government to regulate a distributed peer to peer currency. I am keen to watch them try and see how the whole thing plays out. We will need to fight it out and the outcome will depend on where the rubber meets the road, not on hypothetical possibilities. Are you are suggesting that we just bail out now and sell our coins because of a potential threat? Or are you going to propose countermeasures? |
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An actual plastic card?
I guess it would be handy on areas or whole countries or small stores.
But with NFC payments coming everywhere there will be no need.
The bolded may be true but the average American doesn't even know what NFC is lol NFC payments are great ... as long as it doesn't involve a phone. I really don't want to lose the equivalent of my wallet when I lose or break my phone. I destroy many phones a year. I just broke one last week in a minor motorcycle accident. Putting everything on your phone -> single point of failure. |
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I know one thing that is not financial freedom, the 16th ammendment
Taxing income is bad enough. What is annoying is that the leeches of society also want to start taxing wealth. |
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Alright, users and small miners would stay on their old fork, but large miners that control the network would have to comply with the regulations or shut down operations. Eventually users would have to either sell their Bitcoins (sell them on the old or new fork) or switch to and stay on the new regulated fork as well. What's wrong/impossible with this picture I just drew?
I could be wrong, but I would imagine that the coins in the new fork would have lesser value than the old fork. For example, if I have relatives living in a "terrorist" country and the new fork does not allow me to remit them money, why would I even use the new fork? |
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The funny thing is that Putin as a president is openly buying gold, does it mean he has no confidence of Rupee's future.
To be fair, there is no fiat currency worth being long on, not just Rupee's. How are Rubles tied to Rupees? I know Russia exports a bunch of military gear to India, but is the link really that significant? |
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Why nobody say that when price going up ?
Oh, trust me, they did. Yeah, the next time the price goes up quickly just go to the speculation section and you can tell who got caught in the short squeeze from all their squealing. |
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I am not surprised. Was he even making enough money to pay for his servers? I mean even after running away with everything.
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Is there a cloud mining service where you can point your hash rate at the pool of your choice, such as my own p2pool server? Or have I completely misunderstood the concept of cloud mining?
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What kind of job is that? Dust the fan of the SP20 every week? I guess I should say "fans" because at the current difficulty and exchange rate you'd need 4 x SP20s to make $200 a week.
I have about 40TH/s and for me mining is a hobby that has gone a bit out of control, but one set up I don't have to touch my miners. It is not really a job until you get up to the petahash range.
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$20,000
we would be lucky if it ever hit $1100 again let alone $20000
Not goin to happen.
How can you be so sure? It is possible that Bitcoin could drop to $0, but it is equally possible that it could exceed $1100 by a large margin. It all depends on whether adoption rate reaches critical mass or not. In the long term, there won't be any middle ground. People who get too comfortable trading this $300-$400 range will eventually lose their shirts. |
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but are there other ways to also disable graphics card to prevent the attack described here?
The article didn't say what kind of graphics card and cable would be most susceptible to being used as an FM transmitter to leak the data - VGA, DVI, HDMI, RGB? I am willing to bet that it only works reasonably well on one of these types of cables, and not so well on the others. So find out which one and use that cable. It would also be reasonable to assume that using a laptop computer or some other type of computing device that does not have a long video cable would greatly mitigate this kind of attack. |
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I you raised your limit to $10 you could buy many types of gift cards at gyft.com.
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I think you may have miss read that fact this setup is 30 miles away from my house. Without a connection via VPN tunnel from my house to the location of the miners, I would have no access what so ever, other than using Team Viewer through the laptop. Team Viewer on the laptop is backup access, also there are a select few commands that cant be done via tenet or SSH and you need console access.  You put a Team Viewer enabled PC in an otherwise secure setup? Seems like the back door is not as strong as the front door. |
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Instead of destroying coins why not just donate to every other non-empty address some amount proportional to what is inside that address. You would be making current owners of coins a little richer. If you destroyed coins you would be making current AND future owners richer. My attitude is fuck those people who are not already in BTC.
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Was the URL on your bookmark modified? What if you type the actual blockchain.info URL manually - does that get changed too or do you get to the legit site?
Answering these questions should give you a better idea of what happened.
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I don't think so as many don't recognize BTC and it is not a recognized.  I use it but don't keep BTC in my account and exchange it via PayPal to be on a safe side. Paypal and Bitcoin don't mix; mkay? The word "account" worries me too. Hopefully you have cold storage somewhere. I am not mixing it but when I received BTC, I just convert it into PayPal funds and withdraw the same to my bank account. BTC value fluctuates a lot and a BTC worth $1 can become $0.05 in no time so it's no use in my POV to keep storing it for a long time. Fair enough use of BTC to accept (and make) payments. Nobody is forcing you to hold bitcoins. If enough people used bitcoins as a medium of exchange even without holding just by having bitcoins in circulation will have a positive and stabilizing effect on its price. |
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