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1621  Bitcoin / Bitcoin Discussion / Re: Gamecoin, namecoin, voteoin, witoin, somethingcoin on: June 17, 2011, 06:29:04 AM
How about gaybits, where you exchange penis photos in exchange for bitcoins? lol

I bet you pussycoins would go higher than gold in a couple of months. Cheesy
1622  Other / Politics & Society / Re: African Economist: “For God’s Sake, Please Stop the Aid!” on: June 17, 2011, 06:26:30 AM
Dambisa Moyo's book "Dead aid" is very good in this respect.

http://www.youtube.com/watch?v=BFABdPOpr2A

And she is hot.  Cool
1623  Other / CPU/GPU Bitcoin mining hardware / Re: 5850 Linux Overclock more than 775Mhz without modified BIOS on: June 17, 2011, 06:21:06 AM
So is it possible to overclock a 5850 in linux more than 775Mhz without modifying the BIOS?

btw why can it be done in windows and not in linux?

Hi, with AMDOverDriveCtrl you can go up to 900, beyond that I think you need to edit Bios.
http://sourceforge.net/projects/amdovdrvctrl/

AFAIK windows has a tool, trix or something, where you can overvolt and stuff, thats something
missing for linux.

It depends on the card manufacturer. I had a Asus 5870 that allowed me to go to 1200Mhz core speed without wihout flahsing (in reality I could not go over 1010 without the card becoming unstable). And then I had a XFX 5870 that only allowed me to go to 900Mhz core speed, and had to flash it.
1624  Economy / Economics / Re: Currency Wars and speculations on Bitcoin's future on: June 17, 2011, 06:01:37 AM
Why is the world's reserve currency the US$?  That's what the Allied industrialised countries agreed upon in 1944 with the Bretton Woods agreement.  The system ended in 1971 but by then the dollar was too important to world trade, so the defacto reserve status continued.  The USA was also the primary oil producer in the world (Japan went to war with the USA after the US blocked supply).

The US dollar has many problems, but no one really has a better system.  The Euro?  That's beginning to look quite fragile after little more than a decade.  Yuan?  Tied mainly to the US$.  Gold?  The only people advocating gold are the ones sitting on bullion bars talking their book.  The only thing that's certain is that bitcoin won't make any difference to world events.

They did not agree on it. USA had the industry intact and the military might to impose the dollar as reserve currency while Europe was devasted. In fact, the USA government had been trying to impose the dollar on other countries for decades, from late XIX century, early XX century. It all started with the progressive movement when they created the american imperialist mentality. Their moto was: "Extend democracy over the world". The USA imposed the dollar on Mexico, Cuba, Philiphines and more. They even tried to impose the dollar in China but failed. Most of this efforst were supported by military actions, basically totally or partially invading those countries.

So at the end of the IWW the USA government and the interests around it saw the perfect oportunity and imposed the dollar in the world. There is a reason why the USA has military bases all over the world.

Thinking that the rest of the countries agreed to use the dollar is extremely naive. In fact, most of the countries have complained about the dollar as rserve currency, but at the end nobody dares to do nothing about it.
1625  Bitcoin / Bitcoin Discussion / Re: We need to look at Bitcoin as a company.... on: June 17, 2011, 05:53:35 AM
Community, company... No real difference. Both types of organizations are about achieving a common goal or product. Also, don't use the word corporate. We aren't about limited liability here.

Corporate world is just an expression.
1626  Bitcoin / Bitcoin Discussion / Re: Concerned about security. on: June 17, 2011, 05:52:45 AM
Promoting USB memory sticks with a linux OS and a bitcoin wallet is better idea.

You have two wallets, the day to day one in your normal computer and the "rich" one, with most of your funds in the USB. When you want to transfer funds from the "rich" wallet you turn off the computer, insert the USB and turn on the computer so it loads the OS from the USB. Then you transfer the funds, close the computer and remove the USB.
1627  Bitcoin / Bitcoin Discussion / Re: We need to look at Bitcoin as a company.... on: June 17, 2011, 05:48:25 AM
Bitcoin is a community not a company, but marketing wise it would be a good idea to look at some ideas from the corporate world on how to handle different issues. The attacks on Bitcoin are getting anoying.
1628  Bitcoin / Mining / Re: Its coming down on: June 17, 2011, 05:37:28 AM
I work at AMD as a beta card tester, we've been testing the new 7xxx prototype for a while,
past few days I install a grid miner to about 10k of these cards for the heck of it.
didn't know it would cause so many issue for you gaise, sorri.

Hahah, trolls are getting certainly creative.

PS: Just in the 0.1% chance you are for real, you didnt cause any problem, I was just curious.
1629  Bitcoin / Mining / Re: Will there realistically be another major advance in mining before we finish up? on: June 17, 2011, 05:32:33 AM
There-by eventually ensuring that the only miners will be ones with access to their own gargantuan ASIC arrays or QC's themselves...

Centralization is a bitch, isn't it?

...even bitcoin is HARDLY immune to it.

Thats hardly centralization. More like speciallization and it makes sense. Less electricity for the same task.
1630  Economy / Economics / Re: Trading or mining? That is the question.. on: June 17, 2011, 05:29:33 AM
2-3 months ago the answer was mining. Right now it seems the answer is trading. Buying new mining rigs is getting incredibly risky, since the competition is crahing the margins at alarming rate. Also, you have all this talk about fpga's and dedicated bitcoin mining chips coming soon, which would basiclly render any hardware bought now obsolete for bitcoin mining.

Was thinking about buying a gaming rig before finding out about the bitcoin. Now I'm thinking, hmm, what about a hybrid gaming/mining? Does that sound feasible?

Buying a AMD card instead of a Nvidia card so you can mine makes all the sense. Buying more cards to mine is up to you. Do the numbers, electricity cost vs expected difficulty and bitcoin exchange price. Bitcoin difficulty went up around 50% recenlty after only 8 days since the previous rise. Now it seems there is going to be another rise of around 50% in 10 days and that could get higher if more mining power is added to the network.
1631  Economy / Economics / Re: Trading or mining? That is the question.. on: June 17, 2011, 04:48:59 AM
2-3 months ago the answer was mining. Right now it seems the answer is trading. Buying new mining rigs is getting incredibly risky, since the competition is crahing the margins at alarming rate. Also, you have all this talk about fpga's and dedicated bitcoin mining chips coming soon, which would basiclly render any hardware bought now obsolete for bitcoin mining.
1632  Bitcoin / Bitcoin Discussion / Re: Who's buying on the way down? on: June 17, 2011, 03:59:12 AM
Well, if the market stays true to the theory of deflation. Then a bitcoin at 20 dollars could be a bargain millions wished they had taken.

Bitcoin price depends on supply and demand. There will be price deflation if the demand for bitcoins goes up more than the supply. Since the suply of bitcoins is very limited and will be more and more limited as time goes by, IF the Bitcoin economy develops thus increasing the demand for bitcoins, it is expected that bitcoins will be price deflationary. But it is not a given. And certainly it is not a short term process.
1633  Bitcoin / Bitcoin Discussion / Re: Someone is Jobbing this Market on: June 17, 2011, 03:15:43 AM
Maybe the world is not ready for a free market. They shout manipulation and speculation when prices rise quickly. They shout manipulation and nefariousness when prices fall quickly. And when prices stay flat? Manipulation, it must be!

I'll propose an alternative theory = Bitcoin is brand new, and will be extremely volatile and unpredictable for a long time. Part of true volatility is the 2nd order - even the volatility itself will be volatile! Stop obsessing with charts.

The monetary concept of Bitcoin is solid. So, too, is the technology. Given this, if you believe in Bitcoin go out and build businesses around it. Buy with it, sell with it, and trade with it. Stop worrying if the short-term dollar/btc exchange rate is not precisely where you think it should be. Let free markets be free, and enjoy the freedom, tumultuous (or flat) as it is.

+1
1634  Bitcoin / Bitcoin Discussion / Re: Newly minted idiot on: June 17, 2011, 03:06:38 AM
What a perfect illustration of the Tragedy of the Commons.

How?

A new farmer to the commons not adding a couple of cows, but an entire herd of them. In two weeks the commons will be that much harder to utilize for everyone. It is advantageous for each miner to add as many video cards as possible, but in so doing they make the difficulty increase, thus causing diminishing returns on everybody's cards and requiring more cards to keep the same level of income, causing a higher difficulty, etc etc. Unless price moves substantially, in a couple of months the difficulty will be so high that many will be mining at a loss. But that is how the game goes.

With the current difficulty progression, at best I am going to make *maybe* 200 more bitcoins in the next 3 months...and I am pushing 6 GHash/s.

I agree that is the dynamics of Bitcoin mining, but I fail to see how it is a Tragedy of the Common. That miners become more efficient is a desirable outcome.
1635  Bitcoin / Bitcoin Discussion / Re: Bitcoin Price Suppression, is it possible? on: June 17, 2011, 03:03:30 AM
Let them give you a way to buy cheaper bitcoins. If this were the case, why would you complain?
1636  Economy / Economics / Re: Is there such a thing as absolute value? on: June 17, 2011, 02:47:36 AM
The concept of value you are probably referring to is purely subjective and therefore I think no absolute value can be defined.

Philosophically no.

Practically, some things behave like they have absolute value because there is such broad consensus regarding their usefulness.

Why do I get the impression that some people think that saying something has subjective value means its less important and saying it has objective or absolute value makes it more important? For me it would be the other way around if objective/absolute value even existed. Subjective value is not a less important value, its the only one, but if something else existed, subjective value would be the most important because its what we humans need and want. What can be more important than that? What kind of value could be more important than subjective value if some other type of value existed?
1637  Bitcoin / Pools / Re: BTC Guild - 0% Fees, Long polling, SSL, JSON API, and more [~1500 gH/sec] on: June 17, 2011, 02:33:50 AM


I also wonder why they dont redirect.
1638  Bitcoin / Bitcoin Discussion / Re: Bitcoin's catch-22 on: June 16, 2011, 04:50:49 PM
With all the scamming and thefts going on, it seems like Bitcoins are only proving why an anonymous currency is a bad idea. If transactions are tracked, it kind of defeats the purpose. If they're not, anyone can make a profit from shoddy security and/or gullible users. It seems like the people benefiting the most from Bitcoins are speculators and scammers at the moment. It's an interesting experiment, but I think more people need to treat it as such and not put their life savings into it right off the bat. There are obviously a lot of wrinkles to iron out, and before that happens I think Bitcoins are going to suffer from a lot of negative publicity when people get hundreds or even thousands of dollars stolen from them. I feel that it should have been thought through a bit more before it was opened up to speculation.

What would you have done differently if you'd been the creator behind a new currency and what would you have kept the same?

Do you think the dollar is a failure?

Well, there has been thefts in dollars for values order of magnitude higher than the Bitcoin theft. It just happens that th peress has given a lot of publicity to the Bitcoin one, while it almost never reports the numerous dollar thefts.

So do you think the dollar is a failure? (I do, but for other reasons).
1639  Other / CPU/GPU Bitcoin mining hardware / Re: ATI underclocking memory under linux? on: June 16, 2011, 03:35:38 PM
Is there a guide somewhere on how to do this and where to get the installation packages?
When I do a forum search on SBE I get a lot of (German) BTC betting stuff but nothing on this tool, also 'Winbios' does not return much unfortunately (only this post).

It was RBE: http://www.techpowerup.com/rbe/ Just follow the official tutorial, its all explained.
1640  Bitcoin / Bitcoin Discussion / Re: Are the stolen bitcoins currently being sold on mtgox? on: June 16, 2011, 01:29:22 PM
We can 'easily' track stolen coins thru the blockchain, they have been trying hard to split up the money many times.
MtGox could know which coins are stolen but i doubt they would block any exchange with them, after all they profit from the exchange.

Many of the coins are still accounted for in large numbers (at least yesterday)

How do you know the coins were really robbed? I actually believe that they were robbed but how can you be sure so as to try to organize a blockade on somones money?
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