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8366
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Bitcoin / Bitcoin Discussion / Re: Correlation between mining costs and Bitcoin value and ecological nightmare
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on: June 28, 2011, 01:06:53 PM
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Difficulty follows price. If the price were to quadruple from current levels, for instance, miners might try to fire up CPUs again but other than that, there isn't much current excess capacity out there. i.e., it wouldn't rise immediately. Mining would once again be extremely profitable and it might take a couple of months or so for difficulty to catch up to price.
This is assuming there isn't some technological innovation (e.g.., cheap and low power ASIC) that comes along first.
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8367
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Bitcoin / Wallet software / Bitcoin Wallet in Locker Project?
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on: June 28, 2011, 12:37:48 PM
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Just a heads-up, Open source. P2P, fully decentralized. Encrypted. Sound familiar? I was reading about Jeremie Miller (creator of Jabber/XMPP)'s Locker Project and the Telehash protocol. Lockers provide a personally-owned data repository that allow individuals to bypass some of these difficulties, and to authorize and authenticate applications on top of this rich data. Lockers also enable connections with non-traditional data types, such as browser history, email records, utility records, etc (at an individual's discretion), enabling very rare insight into a person's data profile.
By using a rich system of connectors and collections, lockers make it possible to access and aggregate personal data, even when no traditional web API exists for the source. Interactions between lockers, applications, data and services are encrypted and secured via a highly secure protocol and system of authorization.
- http://blog.lockerproject.org/welcome-to-the-locker-project-tlp - http://www.readwriteweb.com/archives/creator_of_instant_messaging_protocol_to_launch_ap.php - http://radar.oreilly.com/2011/02/singly-locker-project-telehash.html - http://twitter.com/#!/lockerproject - https://github.com/LockerProject/LockerThe very first thing I thought of when reading this was if it was suitable as a Bitocin lightweight client, operating similar to how Webcoin works against a BitcoinJS server, I envision a Locker using a connector hitting a peer running a bitcoinjs equivalent. [Update, but wasn't the first to consider this.] At a minimum, these apps accessing lockers will have billing needs, so even if storing wallet data in a locker is not an appropriate use, there might be other areas where bitcoin would tie into this this project. |
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8369
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Bitcoin / Meetups / Re: Events - Meetups, conferences and other events
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on: June 28, 2011, 11:25:53 AM
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New Meetups: Los Angeles Digital Currency Meetup Group Culver City, CA July 7, 2011 (launch meeting) - http://www.meetup.com/Los-Angeles-Digital-Currency-Innovators-GroupPortland Bitcoin Users Meetup Group (forming, Steven Wagner) - http://www.meetup.com/Portland-Bitcoin-Meetup-UsersSeattle Bitcoin Users Meetup Group El Diablo Coffee in Queen Anne Last Friday of each month HackerSpace Prague - http://brmlab.czOther events: BitcoinCamp 2011 Hamburg July 30, 2011 - http://bitcoincamp.mixxt.com/networks/events/show_event.43309Prepaid Press Expo Las Vegas, CA August 15 - 17, 2011 - http://www.prepaidpressexpo.com/Finovate Fall 2011 NYC Sept. 20 - 21, 2011 - http://www.finovate.com/fall2011 |
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8371
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Economy / Trading Discussion / Re: "Come Clean Thursday" - 2010 FBAR due to IRS June 30, 2011
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on: June 28, 2011, 05:14:34 AM
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More from ZeroHedge Simon Black of Sovereign Man: The gold ruling is new this year, and we first reported this back in March. The Financial Crimes Enforcement Division (FinCEN) made it quite clear that any gold held in the custody of another firm or individual constituted a foreign financial account and needs to be reported on the FBAR.
Frankly I’m starting to believe that this was part of a larger movement to recast gold as a ‘financial instrument,’ subjecting precious metals to regulation, control, and potential confiscation.
Given what we’re seeing now with so many brokerages cutting off their OTC gold contracts, this hypothesis is becoming more credible. I’ll have more on this working theory in another letter. - http://www.sovereignman.com/expat/dont-forget-to-come-clean-fbar |
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8372
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Economy / Trading Discussion / Re: "Come Clean Thursday" - 2010 FBAR due to IRS June 30, 2011
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on: June 28, 2011, 05:08:45 AM
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Than only leaves us 2 days to report all our exchange accounts? The report covering 2010 is due June 30, 2011. How do I know MtGox has not reported my account already? The FBAR is filed by not by the foreign entity but by the U.S. taxpayer. Also, MtGox is located in Japan though I don't know what their U.S. subsidiary Mutum Siligum reports. |
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8374
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Other / Beginners & Help / Re: Did I just get trojaned?
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on: June 27, 2011, 10:39:03 AM
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I still changed all of my passwords on important sites -- but I forgot Dropbox, where I was using the same email address and password as the old mtgox one. If you are meaning to say you were storing your wallet unencrypted on DropBox, that outcome is not surprising. Related: http://wapo.st/jfV2CD |
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8376
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Other / Beginners & Help / Re: New BTC user. Frustrated and looking for help.
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on: June 27, 2011, 08:24:00 AM
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Hi everyone. I am new to bitcoin and plain and simple, I want to buy about $100 of it. Unfortunately for me, my parents made the grave mistake of giving birth to me in Canada, so there is no way I can deposit any funds in any exchange (currently) to buy bitcoin. They are still in BETA mode (i.e., not accepting payments from new accounts), but check out: - https://www.cavirtex.com/methods And also see, #bitcoin-cad IRC channel. |
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8378
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Other / Beginners & Help / Re: Can bitcoins be used for something else?
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on: June 27, 2011, 12:27:52 AM
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Well, I kinda understand the hashing thing but not too much. But couldn't the work being done by the terabytes of processor speed be used for something else? This question gets asked frequently. Unfortunately, there's not been a single suggestion that leads to a solution that will do what bitcoin's proof of work based on hashing does (which is, essentially, a method to prevent someone from cheating). Here's a good thread on that: - http://forum.bitcoin.org/index.php?topic=3262.0 |
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