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1621  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.
1622  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.
1623  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.
1624  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.
1625  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.
1626  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.
1627  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.
1628  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.
1629  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
1630  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.
1631  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?
1632  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?
1633  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.
1634  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).
1635  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.
1636  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?
1637  Other / CPU/GPU Bitcoin mining hardware / Re: ATI underclocking memory under linux? on: June 16, 2011, 01:25:38 PM
I have two Asus 5870 and the memory can go as low as 200Mhz with AMDOverdriveCtrl. The sweet spot for me is 335Mhz. But I just got a XFX 8750 and while I can get the memory to 335Mhz, it wont allow to push the core speed more than 900Mhz. It depends on the vendor.
I got an Asus 5870 and an Alienware 5870 in the same LinuxCoin box.
AMDoverdriveCTRL allows me to:
Asus: 300-1200GPU 200-1200MEM
Alien: 300-900GPU 200-1200MEM

So the Asus runs great @ 1000//335
The Alien runs slower @ 900//310

Would love to set the GPU of the Alien higher but cant, so my conclusion is that it really depends on the manufacturer what the rangers are on the card, and of course you should be able to alter them but for me it's been hard fining how to alter the Alien.

I just solved it this morning. I used SBE and winbios (or something like that) to get the bios from the Asus, copy the limitations, then mix the limitations of the ASUS with the bios of the XFX and reflashing the XFX. Works like a charm.
1638  Bitcoin / Mining / Re: 5870 Users! Clock Speed, Memory, Voltage, SDK and CCC Version, Flags, etc. on: June 16, 2011, 01:21:15 PM
1. Installing SDK 2.1 in place of 2.4 boosted hashrate by up to 10 MH/s.

This depends on the software you are using to mine. F.e. poclmb goes better with 2.1 and phatk goes better with 2.4. I get better results with phatk+2.4 than any other combination.
1639  Other / Politics & Society / Re: Sweatshops in a realistic light. on: June 16, 2011, 12:46:21 PM
Well, not all the cases were like this, although this you explain would not surpirse me. But some places their own governments were fucking the people and the multinationals just went there to get cheap labour.


And why were the governments fucking the people?  Were they doing it for the lulz?


This you are describing is what happens in a social-democracy. Political darwinism. In social-democracy the people with money can and do use it to screew the poor and the middle classes. If the government can not intervene or directly there is no government it can not happen.


You're right.  Corporations cannot control the government if the government doesn't exist.  Instead, they'll just control people directly.  Explain to me how that's better.  You've removed a tool, but you haven't addressed the root of the problem - like banning guns instead of getting rid of criminals.


Government is the collective bargaining power of the common man.  The trick is to keep is strong and focused enough that it cannot be controlled by corporations and those with money.  Castrating it or removing it all together is simply removing the only power the common man has, that of organization and unity.

Yes, government is there to protect you, specifically you. The politicians of your country went to bed yesterday thinking in ways of making your life easier. Good luck.
1640  Other / Politics & Society / Re: Sweatshops in a realistic light. on: June 16, 2011, 11:41:21 AM
Yea, just keep playing the semantics game so that you never end up admitting the negatives of a free market.


Quick reality check:
Someone took their land and property BECAUSE someone else wanted to build a factory and employ people for next to nothing.  The government didn't one day just up and take land from people at random, and then Happy Smilie Nice Company just happened to be passing by and see a nice empty piece of land to buy and establish a factory on.  FIRST came the need for cheap labor.  THEN came the interventionism by the US or whoever else to swing the local government's opinion, bribe them, kill them, or straight up invade and replace them, so that Happy Smilie Nice Company could come in and build its cheap labor factory.  The US government is an acting agent of the corporations that control it, NOT the other way around.  The local government that took the land is an agent of the US government that is an agent of the corporation that wanted the land.  All roads lead back to greedy big business and money, NOT to the government.  The goverment is merely one enabler along the way, it is NOT the root of the problem.

Well, not all the cases were like this, although this you explain would not surpirse me. But some places their own governments were fucking the people and the multinationals just went there to get cheap labour.

Quote
Think again.  What I just described is the end product of a free market.  In a free market, the people with the money make the rules.  The corporations of the world are the people with the money, so they will always make the rules, and their rules include controlling the government.  The end result of unhindered capitalism is the people at the top owning and controlling everything, including governments.

This you are describing is what happens in a social-democracy. Political darwinism. In social-democracy the people with money can and do use it to screew the poor and the middle classes. If the government can not intervene or directly there is no government it can not happen.

Quote
I guess you just can't see that your belief system is one of perpetual blame shifting for its many short comings.  You can simply keep blaming all these short comings on the market not being free enoug.  Because a 100% free market (as you define it) will never exist, you'll never have to face the music that your belief system simply doesn't work as you think it does in the real world.

You need a reality check and a history lesson.
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