This kernel will cause poclbm to exit after running for a while.
I have tested several times, after few hours poclbm will be gone and my machine left there doing nothing
AMD5870 with SDK 2.5
That's the first report I get with that problem. Any other poclbm users with that observation? Dia I reported it twice in this same thread... It only happens in one of my cards (I have 4 5870's, and I have one that its an identical model that works fine). In phoenix what happens is that it will give a mistake about a kernel mistake and will continue mining (I suspect phoenix reloads the kernel). |
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Just updating on the meeting. It was ok, but I dont think they were really interested in Bitcoin. They were more interested in creating some sort of european asociation. But the local people was very interested and ask me to return another day to talk only about Bitcoin. A picture of the guys (the ones in the background, Im not in the picture):  |
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If one person owned them all. They would not be in circulation and they would be useless. Their real value is in the way that they can be used.
One person owning all the coins does not mean there is not any demand for them. One person may own them all, but everyone in the world could want some of those coins, meaning they are willing to buy them, giving them value. But if no one wanted them, then yes, they would be worthless. Why would you try to buy all the bitcoins from one person, when you can start a new chain? |
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Nadie interesado? Está en perfectas condiciones. El precio inicial es de 14btc, una ganga de por sí, pero acepto ofertas.
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5870, Ubuntu 11.04, 11.6, 2.4, poclbm, went up 1MH/s (with last modification from previous modification).
The good news is the card that was randomly crashing the miner every 20 minutes with previous patch has been running for more than an hour without problems, so it seems stable now. Just crashed. I dont know what happens with this card and the modified kernel. Also, consumption has gone down like 5W. Im very puzzled by this changes in consumption by the different kernels.
Very good job. A small donation is going your way.
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Now we know that when BTCGuild is down, everyone goes to Deepbit. 51%
I went to slush. Im waiting for this guys to finish their present block to join them. Awesome performance regarding stales: http://forum.bitcoin.org/index.php?topic=12181.0 |
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As I said bitcoin days destroyed would have to be a part of the function. So that transactions of money that just been transacted recently would weigh a lot less. Only when the last transaction of the money was older than some barrier would the transaction weigh in 100% on the total velocity. The time barrier could be set to something like 3 hours, but it would be better to set it dynamically based on the last total velocity. I know the number would not be completely precise, but I think it would still be more so than the velocity when calculated in the real world.
Also a single dude cheating would mean less and less, as more and more people get a hold of money.
Sorry, but this is very very poor. There is no way this is tracking the velocity of money. You are missing all the microtransactions that could be real, and suddenly a guy moves his saved bitcoins (lots of them) to another address and your function would give you a big velocity of money when the guy could be sending it to himself. You are not tracking the velocity of money. The pseudo-anonimity of Bitcoin makes it impossible to track. |
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Ok. Thanks for all the answer. So it seems there is an agreement that the initial proposal is the best way to go. Are you doing this as part of the Iceland Pirate Party or as an individual citizen? Either way, thank you. It's a great idea. No, im not from Iceland. These guys are coming to my country to talk to some groups, and a friend has asked me to come with him because they like the Bitcoin idea. And I am gladly doing it. I am talking with people and will probably do a couple more conference about bitcoin in the coming months. By the way, I think it would be stupid for the constitution to explicitly forbid legal tender laws. Legal tender seems like an imposition, but it does make commerce a lot smoother. Imagine you are doing a road trip through the deserts of the US Southwest and were in desperate need of filling up the gas tank. You stop by a gas station -- seemingly the only one for dozens of miles -- where they tell you that today they are not in the mood to accept US dollars (the only currency you have) and will only accept Indian Rupees. How would you react? This is not the place to discuss this but, legal tender laws dont make commerce smoother, they just impose a currency monopolly. So allowing legal tender laws and not restricting alternative currencies are opposites. Its one or the other. In fact legal tender laws are a basic tool to allow inflation that creates the boom and bust cycle that stops commerce. And to answer to your point, the guy in the gas station is not going to loose a client because he/she is paying in another currency. In some extreme cases the gas station owner might impose a fee because of the burden of accepting another currency. You can see this in history, and in the present days I have payed a London driver with euros because I had no more pounds. He took them. Saying that different currencies stop commerce would be like saying that different food brands stop people from eating. So no, legal tender laws do not smooth commerce and are a basic tool to create the boom and bust cycles that stop commerce. |
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I know this is a problem. That is why I said bitcoin days destroyed should factor in (quickly transferring the same money will not destroy much bitcoin days). I think this problem can be fixed. Im all eyes and actually curious. Tell us how this can be solved. |
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Yeah Im no economics major, but I know a dollar is worth a dollar since I have been born, based on what the gov says and the financial banking industry and power of the dollar. So when I looked at bitcoin go up and down and up and down down down, and now back up today a little bit. I just wondered, it looks like the price is basically what the last sale of a bitcoin is, and what people want to sell them for and buy them for and thats it. Nothing in between, just what I am willing to buy a coin at. Maybe in the future with more places accepting bitcoins that could give it that big punch of what a bitcoin is worth making it jump to 30 to 40 a coin, but if its just us minority bitcoin users and miners, seems it would vary up and down around this area for awhile, simpley based on price.
If you take bitcoin as the base, its the dollar that is highly unstable. |
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Apart from what myrkul is saying, here you are supposing governments are a force towards equality, you are supposing that politicians actually take from the rich to give to the poor (in simple terms). What we see in reality is the opposite. Governtments are a force that creates more inequality by favoring the corporate budies of the politicians at the expense of the middle and poor classes, that are left with no oportunities, expensive prices and some defective government minimum services so they dont die and can keep working.
Some government actions are a force against equality, other government actions are a force towards equality. That's because we are heading towards a plutocracy/oligarchy instead of enhacing our democracy. So I would say that government actions CAN be a force towards equality. Howcome all democracies do the same (with different excuses)? I know, its not a real democracy... Arent you drinking the kool aid? |
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You give them enough free market so that the most intelligent ones get more money and create more wealth and you give them enough government intervention so that the Gini-coefficient of national income distribution is not that high. Apart from what myrkul is saying, here you are supposing governments are a force towards equality, you are supposing that politicians actually take from the rich to give to the poor (in simple terms). What we see in reality is the opposite. Governtments are a force that creates more inequality by favoring the corporate budies of the politicians at the expense of the middle and poor classes, that are left with no oportunities, expensive prices and some defective government minimum services so they dont die and can keep working. |
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morning all,
I hope everyone's nice and relaxed and lubed up for today (in particular those of you with them shiny bitcoins still in your pockets...LOL)
Thank you. I have my lube in hand in case a girlfriend comes around. My bitcoins are well too. I dont care much about their price in dollars at this moment. But you boys have fun with the intraday. |
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Esto supone una visión simplista. La Fed podría aumentar la masa monetaria de dólares y el bitcoin bajar de precio respecto al dólar. La gente podría decidir comprar otras cosas y no Bitcoin. No creo que haya una fuerte correlación entre las acciones de la Fed y Bitcoin porque los grandes bancos y hedge funds que son los que reciben primero el dinero del banco central y gobierno no están metidos en Bitcoin. Quizás sí que provoca algún efecto psicológico en la gente que les empuja a comprar bitcoins, pero habría que ver la correlación, yo personalmente no creo que influya casi.
Yo ahí no pienso como tu. Si la Fed aumenta la masa monetaria dudo mucho que los ahorradores se queden de brazos cruzados viendo como sus ahorros valen menos. Buscarán commodities en las que conservar valor. Y yo veo actualmente las Bitcoin como commodities en las que protegerte de las inflaciones-QE-devaluaciones de moneda-salidas del euro. De todos modos no tengo mucha idea de economía así que aprenderé de vosotros y de los de burbuja. No digo que no pueda pasar. Digo que tampoco se puede asegurar, ni de cerca. Que pasa si justo cuando la Fed está haciendo salvajadas hay otro escandalo MtGox y la gente decide refugiarse en otro activo que no sea bitcoins? Y que pasa si justo cuando se está contrayendo la masa monetaria aparece una web que solo acepta bitcoins quees un éxito y provoca un aumento de la demanda de bitcoins? Mercados como el oro, con mucha historia y tradición, sí que son más directamente influidos por las políticas de la Fed (y aún así hay fluctuaciones propias). Bitcoin es un mercado muy joven y con demasiadas variables que pueden influir mucho, como para hacer ese tipo de predicciones. ¿Que puede influir? Absolutamente, pero si realmente va a influir y hasta que punto es algo muy abierto. |
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The Gini coefficient is defined. What represents your minimum is not defined. You are dodging myrkul question.
You can use the Gini-coefficient of national income distribution. So lets say I want to minimize the Gini-coefficient of national income distribution and at the same time maximize the total wealth of the nation. Ok. Lets say that, go on. |
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Minimum Gini coefficient. The Gini coefficient is defined. What represents your minimum is not defined. You are dodging myrkul question. Exactly. So you only give music lessons to the people with the least musical talent. Hahahaha. Actually it would be to almost everybody, but the joke is still valid. |
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Bump. No suggestions? Im meeting them in 5 hours.
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A medida que las presiones inflacionarias recalientan la economía, los bancos centrales se ven obligados a bajar los tipos de interés y a frenar la compra de bonos y activos tóxicos. Creo que querías decir subir los tipos de interés. Este proceso revaloriza la moneda que emiten; No necesariamente, en general no sucede así. Los bancos centrales suelen subir los tipos de interés tarde y poco, por lo que lo único que hacen es realmente evitar que se les escape el proceso inflacionario hacia la hiperinflación (y a veces fallan). Pero sigue produciendose inflación tanto monetaria como de precios. Además, muchas veces lo que hacen los bancos centrales durante las crisis es subir los tipos de interés para intentar controlar la inflación, pero a la vez seguir comprando deuda de los gobiernos para permitir a los políticos seguir gastando. Es decir intentan controlar la inflación ahogando al sector privado, minetras siguen inyectando inflación a base de financiar al gobierno. Mira India y Rusia que están en este proceso ahora mismo. Y el BCE acaba de anunciar que volverá a financiar al gobierno griego. El BCE y la Fed van a hacer esto mismo. si los dolares suben, la cantidad de bitcoins que pueden adquirirse con los mismos dólares es mayor. Por tanto, el valor de bitcoin contra el dolar ha sido alterado. Esto supone una visión simplista. La Fed podría aumentar la masa monetaria de dólares y el bitcoin bajar de precio respecto al dólar. La gente podría decidir comprar otras cosas y no Bitcoin. No creo que haya una fuerte correlación entre las acciones de la Fed y Bitcoin porque los grandes bancos y hedge funds que son los que reciben primero el dinero del banco central y gobierno no están metidos en Bitcoin. Quizás sí que provoca algún efecto psicológico en la gente que les empuja a comprar bitcoins, pero habría que ver la correlación, yo personalmente no creo que influya casi. Por la misma razón la Fed podría disminuir la masa monetaria de dólares y el bitcoin subir de precio respecto al dólar. Otra manera de entender esto es que aunque el banco central no puede alterar la oferta de bitcoin, si puede alterar la demanda; haciendo que la perspectiva futura del dolar sea mejor que la perspectiva futura de bitcoin, puede llevar la demanda especulativa que ha comprado bitcoin, a vender bitcoin para comprar dolar. Lo que te he dicho arriba. Ya está sucediendo, el QE2 ha terminado y los tipos de interés en europa están siendo subidos; el agregado M3, como he puesto a lo largo de este hilo, está sufriendo fuertes presiones deflacionarias (se aprecian las monedas fiat). Cuando eso sucede, las burbujas estallan, y los precios se derrumban (también los de bitcoin). Primero, las presiones deflacionarias de esté parón, están siendo mínimas comparadas con las que hubo en el credit crunch de 2008, o cuando la Fed acabó QE1. Conforme pasan los años de crisis, la economía se va re-estructurando a pesar de las medidas de los gobiernos para evitar que lo haga, y las presiones deflacionarias son cada vez más pequeñas. Además, muchos actores del mercado están cargados de liquidez que les ha dado el banco central (si no la usan no influye obvimante). Como te he explicado arriba, falta ver la correlación real que hay entre los bitcoins y las acciones de los bancos centrales. Argumentar que las presiones deflacionarias en el dólar van a influir sobre los bitcoins porque sí es un argumento muy flojo. La influencia no está tan clara. |
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Sugiero que tu organices el concurso, es una buena idea.
OK, no estoy buscando bitcoins ahorita (voy a abrir un negocio en bitcoins pero en internet así que necesito diseño pero no letrero), pero igual intentaré hacer uno y le tomaré una foto. Igual si alguien lo quiere hacer antes, que abra un nuevo hilo en el foro, e iremos subiendo nuestras fotos de letreros. Se puede saber que tienes pensado o es secreto de estado? |
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