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1. there are no bitcoin exchanges in US
2. exchanges outside of US already required all docs
3. coinbase requires name, address, credit card, cell phone for level 2 account (50BTC or 50 thou later on)
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Interesting and probably accurate within 10-20%, but there are more 10-100 BTC owners for sure. 17 BTC wallet ranks at 81K at http://btc.ondn.net/search, but should have rank significantly less than ~78K according to the table. |
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Watch out for that 'unknown' pool  |
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The "QR kid" reference-cool.
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I like how coblee said the USG should mine to prevent a 51% attack
Who said they already don't do that. Notice the steeply rising "unknown" pool %. Unknown=US, china, etc.? |
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"this is hard stuff" LOL Facepalm
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Who cares about cooptus nonsense? Is this a longest informercial on gov airways or what?
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This is neither bullish nor bearish. It is completely neutral. The senate hearings was a bit bullish because they seemingly embraced Bitcoin. This is more of an interview to determine what to do to regulate it.
Lol. Regulation=bullish. This is bullish. lol Keep dreaming! Why would regulation be bullish by default? Because they allow Bitcoin to exist and work with it? lol. They know they can't stop it, so their main reason for regulation is revenue. They just want their cut of others' profits. The AML practices have already been in place for nearly a year. Most people - that's the 99% - won't get on board without official approval. That's why we need regulations. The actual form of the regulations won't matter much at all to us. Bonkers. First of all, i could care less if 99% people use it tomorrow or not. I could accumulate bitcoin slower. Second, I am fine with it taking 10-12 years: 0.035% right now (2mil out of 7bil), 0.12% in 2015, 0.3% in 2016 (slow down to double a year from 400-500%), 0.6% in 2017, 1.2% in 2018 (still just 100mil people), 2.4% in 2019, 4.8% in 2020, 9.6% in 2021, 19.2% in 2022, 38.4% in 2023, 76.8% in 2024, everyone in 2025. |
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I liked Mr Wilson the most with take no-nonsense attitude and a clear drive for innovation that you would expect from a VC; Winklevoss brothers scored a bunch of home runs as well. I was thinking that the audience might spontaneously rise and burst into hymn recital. Messrs. Silbert and Liu were a bit too cautious and "programmed". I think if too much regulation will happen, Mr. Liu will take his funds to Hong Kong or Canada vs Wilson and Winklevosses who are clearly fighting for US to be the hub of it all. All and all-it was quite entertaining.
With just 0.5% in illicit trade, why 50% of time was devoted to it?
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Simple. Manufacturers need to stop this pre-order crap that drags on for endless months. End of problem.
Yes! Any company that has product for sale immediately with solid characteristics and with a competent team behind it will swipe away everybody else. In fact, if even Cointerra was silent through the whole ordeal, but suddenly released Terraminer en masse at 1.6th/s for $10k, they would have sold 10 thousand of them or more. I wonder why nobody else thought of doing this instead of pathetic preorders.See here for an excellent explanation of preorders from deathandtaxes: https://bitcointalk.org/index.php?topic=262052.msg3936006#msg3936006I think this was posted a few pages back but i can't find it so here it is again Great. I wish people look at this "pickaxing" strategy (who is guilty of this?-LOL) before whining about what is "fair" or "unfair" as far as individual orders are concerned. I'll give the whole charade a couple of months more to play out. Strangely enough, bitcoin is behaving more stable than some stocks right now. |
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Simple. Manufacturers need to stop this pre-order crap that drags on for endless months. End of problem.
Yes! Any company that has product for sale immediately with solid characteristics and with a competent team behind it will swipe away everybody else. In fact, if even Cointerra was silent through the whole ordeal, but suddenly released Terraminer en masse at 1.6th/s for $10k, they would have sold 10 thousand of them or more. I wonder why nobody else thought of doing this instead of pathetic preorders. |
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Hedging bitcoin with the KnC machine is what probably happened, true. I am not convinced that timing was right.
Besides, Neptune 1st batch was sold for $19,100 on Ebay yesterday. I expect ebay premium to increase as we get closer to production.
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Isn't that the risk that KNC is taking right now? Too many people that paid 9 BTC for a machine that will produce a certain amount of BTC this year, and then at $800 BTC, their refund request is worth 12.5 BTC and if BTC goes to $500 it would be 20 BTC (which is likely more than the machine will ever mine).
Refunds seem very risky and dangerous for the manufacturer as the consumer has a LOT of optionality.
Batch #2 Neptune has no refunds. If someone refunds batch#1 or batch 0 (previous cust), they will probably go to one of the following: KnC private hashing operation, Cole's brother, batch#3 (Kurt was hinting that it will happen). |
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ctsminer scam kind of drove away any discussion relevant to KnC.
I am very eager to hear anything from the company. Apart from bitcoinorama contradictory "news", there has been no news from KnC re Neptune for the last two months even with a real panic on this board last week. I still have my preorders, but would like to know about any progress on getting closer to shipment. I have an opinion as to where KnC is progressing (Iceland, being cloudhashing-lite, underwater-or-novec like system), but would like to hear from the company.
If KnC ships with 4Th and only 30% saving in energy expenditure in comparison with Jupiters, then even 20A circuits would not be enough to host at home (US), unless you use the oven or electrical dryer circuit(s).
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That's NOT the same guy on the picture and details are all wrong.
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There are no linkedin profiles for any of the shown people. At least they are not easy to identify.
No history whatsoever.
Unless there is an explanation, I would not order from this outfit.
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Sometimes I wonder: why would KNC sell more Jupiters to the general public or even previous customers when they can build them and use them for themselves? Would you sell the opportunity to make a lot of money to random people for less money? Would you sell 100 dollars in the future for 20 dollars now? With 28nm they have paid all their costs, made a lot of profit, so they have absolutely nothing to lose with deciding to keep all hardware and mine for themselves. What they have is a very rare opportunity to become one of the richest companies in the world if Bitcoin turns out to be what it was designed to be  Neptune is the same thing all over again: we fund, they ship what was ordered and then establish themselves as the leading mining company in the Bitcoin world. It would not make much sense because they would be unhedged to the value of BTC. Selling some, mining some seems like a best of both worlds. Where else customers are paying for your design? Nowhere, but in bitcoin mining hardware. What would you say if coinbase asked to prepay for the development of the wallet? There are usually VCs who pay for this, but they also got to keep the business interest. LOL |
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I find it "amusing" that last summer there were updates every week, sometimes several times a week, but now almost two months has passed without a peep about Neptune.
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How is it different? Someone got Jupiter for 5K, but sells it for 12-15K on Ebay. Come on.
Life is unfair...someone did not log into computer at 6am in US or did not have 13k cash in the bank or something else.
In my opinion there cannot be one type or morality in one case (selling preorders) and another in the case of selling older/used machines.
If i bought iphone on ebay on day one for extra money, I would not pass judgement that someone "cut in line", I would say that the person did a service for me and I don't need to stay in stupid line for hours.
Besides, what is this stuff about "cutting in line"? How is this cutting in line when we already paid for it? It would be cutting in line if you sell your place in line, not AFTER your bank account got charged. If you paid for it-it is yours in any jurisdiction. Does free will ring a bell?
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I totally disagree with him, of course... why? The existing que customer paid less, therefore has an advantage.
Right, was it fair to have both TIME and price advantage? Usually it is one or another, but both? It felt unfair for sure. |
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