You really just dont know what invention this field will eventually come up with. Not that it will destroy Bitcoin or any of those scenarios, but you could end up with a wet-ware computer in less than 5 years. You just DONT know.

My reason for posting is that I see very fast development in the world of synthetic biology and a great number of companies shooting up around this field.

Its not possible to say what will happen in terms of computing power. I for one will keep an eye out on whomever comes out with a wet-ware computer. First model may be "crap" but at the same time, this industry has 25+ years to catch up with silicon.

An even faster approach to computing is going to be done through synthetic biology. A rapidly growing field, taken "public" by "Dr Craig Venter" that created the first artificial lifeform only a few years ago. (Google Synthia).

Fast forward today, we are looking at logical gates being assembled by the use of synthetic biology. For great reference look here: http://www.kurzweilai.net/scientists-create-computing-building-blocks-from-bacteria-and-dna or here: http://www3.imperial.ac.uk/portal/page/portallive/AF95133B97CC7745E040C69B47390348

Question is how soon we can expect a synthetic biological ASIC device and how much such can outperform silicon based products. Looking at the synthetic biology and how it develops this could hit us anytime out of the blue.

I havent been able to really figuere out what team in what country is close to getting a wet-ware computer up and running. If you know more about this please do feel free to post. This could be the next mayor development in computing, and what better way to test speed is there than mining Bitcoins.

For cool synthetic biology stuff you will enjoy this: http://www.youtube.com/watch?v=AKxmqMH4w_A

Bump!

Nobody interested in working out something ?

In regards to the London 2012 Bitcoin Conference I would like to set something up and meet with people interested in the following:

My aim – to get Bitcoin into the financial credit markets one way or another, one place or another. From small offshore havens such as Belize, Seychelles to London, Hong Kong and New York stock exchanges.

Opening up the world to Bitcoin trading by assuming the task of creating a Bitcoin exchange platform in a physical format. Functioning like the stock exchange floors of today with traders, trading on behalf of order books.

Or opening up to Bitcoin investment through shell stock companies, reverse mergers and/or public small cap entities.

To sum it up, how do we get Bitcoin in either:

Bitcoin bonds (discussed heavily here: https://bitcointalk.org/index.php?topic=49854.0)
Bitcoin stock exchange and floor trading
Bitcoin & public companies

As I said previously I have access to Mastercard/Visa people, that I may bring with me one of the days at the event, but as usual this is a hot topic and I dont want the representatives to loose their jobs/connections because they talked to the “enemy”. This is another way forward into getting on the bandwagon of the people working for people in power when it comes to card schemes.

If anyone wants to join me at the London conference PM me and we can setup something together. Or just reply in this thread about ideas on what we can do.

Going to be harder then what you think. In these offshore destinations you have a lot of services that sometime are too good to be true. And they actually are too good to be true, because when dealing with financial institutions or becoming one yourself, you are looking at several hundreds of thousands of Euro's to create a structure. And guess what, you are signing up to all the regulations that the central bank or the financial authority of that area has in place.

What this will do is just to create a quicker bridge between BTC and Cards, but if it looks too much like money laundry it will be shut down. Remember Epassporte?

On BFL's site they claim the following:


Does this mean that BFL accept to take FPGA units purchased from third party to deliver their ASIC designs? Despite the fact we did not buy from them in the first instance?

I am confused of why anyone would be doing this. It seems like a loss - especially when its units purchased from third party.

Take a look here plz: https://bitcointalk.org/index.php?topic=95875.0

This is why I am really worried this will go down the drain.

All still on track for this?

This topic has more and more implications. The situation as far as we know could be the following:

1) Bitcoinica goes bust
2) Intersango money used to cover up Bitcoinica in desperation
3) The desperation grows and money from the event in London are used to cover up Intersango

Now this could all be 100% wrong, but since 1 has failed, and 2 seems to be failing, we could be reaching 3 soon.

So guys from Intersango, a bit clean up please?

Really? Now their main business is dying too? I did not expect this from people placed in charge for taking care of the Bitcoin London event. If that will ever happen that is....

Another member on this forum posted this link: http://www.computerworld.com/s/article/9230272/Kaspersky_pleads_for_crypto_help_to_probe_Gauss_malware

I wanted to repost it here, due to the fact that (despite they say brute-force wont help), our community is a bit more than the usual "brute force".

If Kaspersky Labs only wanted to give a prize out for this and enable us to log onto a pool we could hash, job would be done in.....10 min?

At least we could show some muscles.

Original post: https://bitcointalk.org/index.php?topic=100697.0

By the time you are done your list will include all banks in the world. Welcome to the obvious 

On top of my head I can imagine rendering services could use processing power. Was it not Pixar that bought a farm of servers to render their Ice Age movies? And something like it took months to render each hour if I am not mistaken.

I bet that hardware did not earn itself in, but was a justified cost in order to launch the movie.

Now if they only had a farm they could rent to render their stuff........

Well what I asking for was an alternative "outside" of this industry. The worse thing is to keep working within the same industry, if that industry for some reason is about to fail or simply provides too little funds to make a good living out of it. Lets call it saturation for the sake of the argument.

Now I am not saying Bitcoin is gonna blow anytime soon, if ever. But what I am saying is that there will be a lot of GPU's sitting there doing nothing because they are too expensive to run compared to the myriad of FPGA cards coming out now, and one day ASIC.

So what should all that processing power do? Go to waste and never be used?

I remember I once stumbled upon articles stating how the Japan had denied Iran and North Korea access to PS2 boxes, as those could be utilized for their great processing power: http://www.abc.net.au/pm/stories/s119754.htm
However I am not sure our current technology would apply to this scenario and a PS3 or any other computer chip for that matter can handle all the processing need of warfare now at days?

So from this I extrapolate that there must be a need for processing power, even many years later than the PS2 ban. Not that I am all in for processing for Iran or North Korea here, but if one needs it, more must also need it.

What I lack to find is someone that would actually pay for it. That or we are simply to far ahead of the rest of the world thinking in terms like we do in the Bitcoin industry.

While BOINC seems like a perfect thing, it lack payment plans. It is actually incredible Bitcoin is the first and one and only project that allows people to utilize processing power to earn money. This should by now be a common business model.

Hmm I find it hard to believe all this processing power cannot be utilized more efficient. There are tons of universities, government agencies and what not out there that needs to solve complex problems. There must be a better way to utilize all this power beside mining Bitcoin.

This will work much much better is the bearer bond is based upon a financial instrument (a portion of bonds) listed on a stock exchange. Bearer bonds are tried and tested and work well. They however got stopped lately since it facilitates money laundry, but none the less, bearer bonds are still possible through Panama corporations and structures.

I think I saw a thread somewhere on the forum that came up with solutions on where to utilize the computing power most people may have here. However not on the Bitcoin network, but for renting it out to other companies or agents that would be able to sell the computing power.

I am just thinking as a plan B if everything fails in regards to mining on the Bitcoin network.

Anyone has any suggestions for where someone can utilize high performance computing?

Hey I know there have been talks for quite a while about Bitcoin London 2012, and I know of this site: http://bitcoin2012.com/

But I cant help to wonder if all this is going ahead, since I cant seem to find any updated posts on this forum, about an event which could be quite significant to the Bitcoin industry.

The reason for my doubt is also because I read all this about Intersango and all the Bitcoinica hack and all that (cant really make up whats everything is really about, except for the fact that there are problems). So since the Intersango guys were pretty much the driving factor behind the 2012 London  event, I would love if anyone could shed light on where we stand with the event? 

Oh and if anyone wants to meet up to discuss Bitcoin and its potential flotation onto the credit markets please do feel free to contact me on PM. I am most likely being joined by some people in the payment industry from banks and payment networds (Visa/MC). However, the confusion about the latest events with all the scam stuff has left me wonder if people that originally took care of these events are even to be seen any longer?

Sorry if I misread how the world of Bitcoin is now at days, but there are alot of posts on this forum