Some points even contradicted each other. Other are just ridiculous (like number 2).

In the ludite debate, I believe you guys are forgetting something. If we get to a level of productivity that allows us to produce so well that people dont really want to buy more stuff, we could always work less hours. In fact, this is already happening, since 200 years ago they had to work a lot more hours a day to survive and have a much more miserable live.

Remember jobs is not an objective. We want to produce stuff to survive and even be able to enjoy live (a modern phenomenon for a big part of the population). If we could produce all the stuff without working it would be great. What a live that would be. Unfortunately, thats not posible and we have to work to produce. But the more efficiently we produce, the better, because it allows us to either consume more or work less.

Luditism should be treated as a mental illness.

Well said. Its funny to me how a lot of people that get their mouth full talking of cooperation in reality dont want cooperation. According to this way of thinking slaves are not being forced to work, they are cooperating...


I disagree with you here. This crisis has not been atipical, in the sense that it was spected and we have seen similar crisis in history. Also, in a free market we would not see crisis like this. Some time of corrections and some periods of readjustment with somehow higher unemployment than usual could be, but it would never get to the level of discordination that has produced this huge crisis.

Op is an obvious troll.

Dont feed the trolls.

You either centralize the system which brings back the problems of abuse and counterparty risk or live with the problems that any decentralized system has.

Its not a bug, its a feature. 

Ive created a HOWTO to use the modified unetbootin version of drgr33n to create a LinuxCoin bootable USB from windows: https://bitcointalk.org/index.php?topic=36663.0

drgr33n I have also taken the liberty to edit your first post to correct the link to the modified unetbootin.

EDIT: Also, LinuxCoin only boots in computer with ATI/AMD graphic cards. I know it has to have the propietary AMD drivers to be able to mine, and I understand that having two versions is trouble and work. Its not ideal.

After all that has happened I think its cristal clear for anyone that its important not to trust 3rd parties to store bitcoins. Some complained that it was hard for non-geeks to safely store bitcoins, which was true (until now). So I asked drgr33n to provide an easy way to create a bootable usb with LinuxCoin and he did. If anyone wants to thank him for his amazing work send tips to drgr33n's address: 1AsY8kT5a3UTkzQ8WjocpfQasGf81ZmAeK

So what is a bootable usb? It is a usb that you will insert before you start the computer. When you computer starts it will boot from the USB and not from the hardrive. In fact, it wont even touch or modify your hardrive in any way. Once you are done, you shut off your computer, remove the usb, and restart it as always. This way you will have a isolated system that you should only use to receive and send bitcoins avoiding interactions that could infect your computer with a virus that steals bitcoins or any other problem that your computer might have.

This system is intended for you to store your long term savings. What I do is I keep a wallet in my computer with the bitcoins I spend monthly and then the wallet in the usb with my long term bitcoin savings, that I only access when I need to transfer funds to my day to day wallet. Obviously, you can find alternative uses.



So here we go:

[At the moment, only for windows. For general instructions go here]

First, you need a usb flash drive of at least 2Gb (4Gb minum recommended). It should be formatted as FAT32, that is what most drives are formatted by default. If you want to make sure just follow this guide to format the drive again. (remember to select FAT32 as file system).

Also, you need to download the program that will help you create the bootable usb from here. Its a modified version of unetbootin. You need to run the program you just downloaded as administrator. On Windows XP just double click and accept when prompted. On other window versions, like Windows 7, you need to right click and select run as administrator.

Then you will see something like this:



In this program you need to do 4 things to create the bootable usb.

• 1. You need to select LinuxCoin as the distribution from the list. It will automatically select the 0.2-final version.
• 2. You need to select the size of the persintance drive. This is the space that LinuxCoin will use in the usb drive to save and store files, like it would in a normal hard drive. The size is specified in MB so if you want to select 1GB you should select 1024, 2GB is 2048, 4GB is 4096 and so on. Remeber to leave 1 GB for LinuxCoin. For example, if your USB is 2GB you want to have a 1 GB persitance, so LinuxCoin can be stored in the other GB left. Dont worry too much though because unetbootin should automatically adjust the size if you entered an invalid one.
• 3. Select the usb drive that you want to use. If you have only 1 usb drive inserted it should be selected automatically.
• 4. Click OK! You are done. It will take its time. It has to download LinuxCoin (over 700MB), copy it to the usb and create the persitant drive. All together it can take more than one hour. You can use the time to browse the rest of the forum to learn more about Bitcoin and get to know this great community. Dont worry if it seems stuck at some point, creating the persistant drive can take long and the interface might not respond for a while. Just let it finish.

If you want to test your new LinuxCoin system, restart the computer. If your BIOS is not configured to boot from a usb drive you will need to do so. We can not help you here since each computer is different and there is nothing we can do to make it easier for you. If you are having problems, ask in this thread or use Google for help.



What to do now?

Once you boot from the usb you will first see a menu with blue background and Unetbootin as title. There will be a 10s countdown. You can let that finish or select Default. Either way LinuxCoin will start to load. The load screen has a pinguin (Tux, the linux mascot) with a Bitcoin coin. LinuxCoin is quick to boot but remember that you are booting from a usb and they are slow compared to hard drives. It depends on the speed of your computer and the usb drive but it should take less than 1 minute. Once LinuxCoin has finished loading, you will see a simple desktop.

The Bitcoin software is already installed. Open the main menu (left bottom, a Bitcoin coin), go to Accesories and select "secure bitcoin wallet". Wait for a bit for the client to load. Now you have a new Bitcoin wallet with new addresses where you can send the coins you want to store. Before sending any coins you should backup your wallet (this is true for any Bitcoin wallet). The usb could get corrupted or you could lose or damage it. To backup the wallet, you need to copy the file wallet.dat located at /home/user/.bitcoin/ (note de dot before bitcoin) to whatever media you choose (a cd, another usb drive, encrypted in the cloud, ...). I personally backup my wallet.dat twice in cd.

It is recommended that you use it only to store bitcoins and dont browse the web or anything from that system, since you are always increasing the risk of being infected. If you like LinuxCoin and like to use it to browse the web, have two different system in two different usb drives.

Any doubts or suggestions welcome. If you find LinuxCoin useful remember to tip drgr33n: 1AsY8kT5a3UTkzQ8WjocpfQasGf81ZmAeK

The cheap computer either would be connected all the time or would have the same problem. Same with hackable BIOS.

Nothing is 100% guaranteed in this world, not even the love of a mother. All you can do is make it very very difficult. By having a bootable usb that connects at very ocasional and random times and maybe from different computers, you are making your bitcoins extremely difficult to steal. You can even have your savings distributed among different usb wallets since usb are so cheap to avoid losing it all in the extremely rare case that something happens, and making it even less appealing to try to hack you because the reward would be inferior.

The "proof" you provided is no proof at all.

Sipa calculates the hashing power of the network by aproximation. It computes the difficulty and the blocks found during a certain period. If the miners happen to be very unlucky for some period, it can seem that the hashing power is going down. And the same is true in the opposite direction, if the miners happen to be very lucky for a while, it can seem that the hashing power is going up.

Big short term variations are usually due to the luck of the miners. We have seen movements in the "hashing rate" like this before, both up and down.

You need to wait for a more long term average to confirm whether this was due to luck or not.

The price would have to collapse for something like this to happen. The most probable outcome would be a progressive decrease of the hashing rate with the difficulty addapting itself.

Also, some miners might want to continue mining expecting higher prices in the future.

A bootable usb is even cheaper.

There is a thing I dont understand about the results of these modifications. They increase the hash rate but they also increase consumption, and I always though that since they are making the kernel more efficient (same task with less instructions, less work for the gpu per hash) they should increase the hash rate without chaning consumption too much. Does anyone know why the more efficient kernel is not also more energy efficient?

Also, if one of you guys is out of ideas to make the cards runs faster it could be interesting to target energy efficiency instead of speed. A lot of us are not interested in running our cards at the maximum MHash/s rate but are more interested on having a better MHash/J rate.

There are connection problems. My miners are showing a lot of disconnections from the servers. The speed of the whole pool has gone under 2000Gh/s and Im guessing it is because of these problems. Are we getting DDOS by an angry botnet owner again?

Eleuthria, thanks for fixing last share.

De nuevo: Al bajar los precios los proyectos requieren menos dinero para ponerse en marcha.

Whow says he doesnt? Btw, you are using the word utopia to describe something you clearly dont understand. The first rule to criticize something is understand it, you should not criticize something you dont even know about.

Nobody is saying there should be no law or no courts. Let me be clear, nobody is saying there should be no law or no courts. The question is whether the legal system should be a government monopolly. And even if you believe it should be, how long should it reach? Its utopic to give monpollistic power to one institution and trust that it will be controllable like you are claiming. Check history and tell me when that has happened. Only once please, tell me when you utopia has happened.

And btw, more than the 50% of the world trade is done based only on trust, outside of any legal jurisdiction.

As I said the problem is that the people is used to live in a bubble world and have forgotten how to behave.

Try:


The instructions are here: https://github.com/m0mchil/poclbm (scroll down to the end). You can now add a backup pool.

Eleuthria, the last share has started going over 2 minutes regularely for me, while some weeks ago it would not go over 1 minute. Now it stays around 1 minute and a half by default. The speed of the worker and the rewards are what they should be, so I keep wondering what is changing that gives a different last share value.


Yes, they could infect one machine on purpose and check where the virus is sending the shares. I dont see how a botnet owner can have its own pool and keep it secret.

Yo sigo sin entender porque repites que la deflación de precios puede desincentivar la creación de capital.

Ten en cuenta que la mayoría de paises se industrializaron bajo sistemas monetarios más o menos de deflación de precios y "curiosamente" empezaron a decaer cuando fueron por la senda inflacionista. Por ejemplo, Inglaterra se industrializó en un periodo que aunque no fue perfecto y tuvo sus vayvenes en general tuvo una ligera bajada de precios. Cuando empezó a ir por la senda inflacionista acabó perdiendo el imperio. USA otro tanto, se industrializó bajo un regimen monetario con deflación de precios durante el siglo XIX (guerra civil en medio incluida) y en cambio a la que durante el siglo XX ha ido más y más en la dirección inflacionista todos hemos visto como se ha financiareado y se ha vuelto menos industrial. La deflación de precios favorece la acumulación de capital mientras que la inflación la evita. O mejor dicho, un sistema monetario estable favorece la industrialización y estos dos factores producen deflación de precios, mientras que un sistema monetario inflacionario dificulta la formación de capital.

Cuestión de surte. Hoy BTCGuild ha tenido muchísima suerte.

Watch out about believing the Fed statements about not raising interest rates. In the speech Bernanke gave previously to being nominated chairman of the Fed, he named three points. One of them was that by making people think that the interest rates would be low for longer than they would be, it represents negative interest rates (and he sees this as positive). So the rates could go up earlier than they say.

Dont get me wrong. Im not saying they will raise them tomorrow or next month. They wont. Im just saying that everybody should be careful when the Fed says that they wont be raised until 2013 because Bernanke thinks that lying to the market in this issue could be positive.