G.ASICMINER-PT is now up to 11,689 shares.  Sweet. That's enough for two board seats and two first-kid-on-the-block, super-elite, closed beta, ASICMINGER@home devices! |
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if that's the case, I smell an .onion site in the future.. Shows promise, this young Jedi does.  |
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As far as AML laws go, would these laws apply to bitcoin? I guess only a lawyer would know for sure...
AML laws exist to protect the excess profits of banksters, by preventing competitive new firms from entering the market. They are not enforced when huge firms get caught laundering billions for drug cartels. At most the bank pays a small fine, and it is not disclosed publicly. If *you* do anything with BTC, the AML laws will smack you down. If banks do something with BTC, they are too big to jail. |
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PPS miners using auto payout were not effected. That's why I'm very happy to give The Guild 5%. They get the risk, I get the reward.
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Agree with the plausibility of the scenario, with the caveat that it represents an optimistic case. So disagree on the likelihood, because black swans and unknown unknowns. One positive development is BitFunder's new Litecoin ETF. https://bitfunder.com/asset/CRYPTO.LTCThis may reduce dependence on BTC-e (which frequently suffers outages and NVC hater wrath) for LTC market making/price discovery/trading/liquidity. |
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Lack of news on this issue is misleading, some of us bought some hardware just for this project, and nothing happened.
If only somebody had warned you that the notoriously difficult HPC marketplace is riddled with scores of failed attempts! Oh wait...You're going to need lots of $$$ to be competitive in this space, doing Big Science and whatnot.
Be careful. I've seen many companies enter, fail, and leave this space.
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http://venturebeat.com/2013/03/12/bitcoin-technical-glitch/It’s hard out there for a virtual currency. Bitcoin prices collapsed 23 percent Monday night after a technical glitch forced developers to call for a temporary halt to Bitcoin-related transactions, but prices have since gone back up.
Bitcoin has been trading at record prices in recent weeks, likely due to a number of major deals to get more people and companies easy access to the currency. But the “miners” that create new Bitcoins from powerful computers must work on making new Bitcoins using the same rules or else it can cause havoc for all parties.
[...]
"since gone back up?" This dip has been greatly exaggerated. More like, 'went back up on Mtgox almost instantly and never went down very much on BitFloor.'  |
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I like how that sounds "VGA MINER". :-)
Watch out, I'm using my mighty TRIDENT 1024 to fork TC.  |
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You have ONE MILLION LITECOINS?!?
This is awesome because it lessens arbitrage between markets and overdependence on BTC-e.
*makes a Novacoin ETF to troll smoothie*
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How does one detect a fork?
Run several versions of Bitcoin and if they start to mutually deviate over three blocks then that is either a fork or is, a least, sufficient reason for merchants to go into safe mode. Sounds to me like a business opportunity. Actually, if this is implemented, it would make it much safer for alternative full Bitcoin clients to operate because we could detect the inevitable chain splits quickly and safely. You're reading my mind bro. Any service handling serious amounts of BTC should be running a .7 (stable) and a .8 (beta) while checking the outputs for diff. Also, why didn't .7's large block problem show up on testnet? |
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Here is my thinking.
[hopes, dreams, wishes]
Bitcoin has first mover advantage so the network effect comes into play; you can do 1000 times more things with BTC than LTC. When the cryptocoin economy is semi-mature (5-10 years from now) I foresee total altcoin market cap oscillating around 20% of BTC's. Litecoin will be half of that 20%, if it's lucky. An instant exchange service ("AltInstant?") is needed to make Litecoin, etc. transactions transparent to vendors, or market penetration will continue to lag. Still not a bad hedge, especially when Bitcoin has a bad hair day, chain fork, or great collapsing hrung disaster. |
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And in 2014, all bets are off. ASICMINER's efficiency (130nm chip) is relatively bad compared to other ASICs (55-65nm). They are not hosted in a country with low electricity prices.
2014 is a long time from now and China is a big place. They have plenty of freezing, snow covered mountains and hydroelectric dams. AM may deploy later batches to such places, obviating the disadvantages of the 130nm process. British Columbia or Washington would work too, with better connectivity to boot.  |
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This thread has been a great success!
Thanks, I was hoping for at least as much success TF's "Scam accusation: BTC-e or Balthazar thread." Mission accomplished! |
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I was going to buy 10K worth of Litecoin when it was 25 cents, looks like I missed the boat not hopping on now in case it decides to pop.
Smart move. Put in your skunk bid at the $0.07 support level and sit tight until  |
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With 11Th/s, isnt there any way you can force a double spend?
To be honest I never really checked bitcoin protocol to the point where I can imagine every tricks you can do with 1/3 of total hash power..
Done and done.  "Oops, we accidentally a blockchain fork." |
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But the tl:dr of this all is, if you don't know what it is then don't invest in it list it on a putatively reputable exchange. That's pretty obvious and simple.
^^I fixed it for you.^^ A good exchange ensures their listings meet certain minimum requirements (I.E. not a scam), then individual investors decide whether or not to invest. It isn't that hard, it happens IRL all the time. Your false dilemma is false. |
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You should raise the fees.
BTCguild is the most stable, well supported, and technologically advanced pool on the planet.
ASIC users need to pony up for all the value and awesome service you are providing.
Where else are they gonna go? It's not worth using a riskier, less reliable, lower performing pool when every second of optimum ASIC mining is so precious.
Charge them 6% to use the Big Boy Pool, which is only for ASIC workers with over 20GH.
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Are you making shit up?
I'm here to observe the BTC-e NVC wall, not make "shit up." Your problem is that you are looking backwards instead of forwards. Do you drive with using the rear-view mirror?  Buy orders
price NVC
0.01082 118.95784186
Buy orders
price LTC
0.00501 1.40321247 For those of you in Rio Linda, Novacoins currently sell for more than TWICE as much as Litecoins. |
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The market currently values Novacoin at over double what Litecoin is, BTC0.01087 vs BTC0.0502.
Looks like LTC is a pre-mined dump coin on its way out, while Novacoin has a glorious path ahead of it!
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I'm guessing that the OP has just stumbled onto NVC and is asking us to fill in some blanks. If he knew the history of NVC I'm very sure he would not have made that post.
I'm more interested in the future than the past. Novacoin beating Litecoin to BTC0.01 last night bodes well for the new altcoin. |
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