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61  Bitcoin / Hardware / Re: BFL Forced "On Hold For Refund" for all my Single SC orders on: May 17, 2013, 04:33:03 PM
This all stinks of a company....

The whole company stinks to high heaven. Sonny Vleisides, a smart, slippery con artist who ran a mail order scam for six years, stealing $20 million from the elderly and naive with no sense of remorse, stinks. The people he surrounds himself with stink: Dennis Emmet, his associate in the mail order scam, killed a guy in an argument. He's in a Costa Rican prison for murder. It's all in the affidavit, go read it.

Imagine what goes through a guy like Sonny's head when he sees an opportunity like bitcoin. Now he's running Butterfly Labs. Perhaps it's a natural evolution of The Shamrock Agency and Old Amsterdam, his two other scam companies.

Even if it is somehow legitimate, imagine what is happening behind closed doors with these people. Get your money out while you still can.

Watch out, those BFL lovers are not gonna appreciate those comments.
62  Bitcoin / Bitcoin Discussion / Re: What real world problem does bitcoin solve? on: May 15, 2013, 11:33:41 PM
How about allowing people to tip or donate money to anyone in the world for no fees?
63  Economy / Speculation / Re: Price will not crash due to MtGox crackdown on: May 15, 2013, 10:51:36 PM
You mean M.T. Gox will should be EMPTY Gox? Oh boy!
64  Bitcoin / Bitcoin Discussion / Re: The Warrant against Dwolla and Bitcoin: The Beginning of the End of Bitcoin on: May 15, 2013, 05:48:08 PM
Beginning of the end for Gox perhaps, but not Bitcoin. In fact, this will be a good wakeup call for future exchanges: be absolutely clear that you are operating within legal boundaries, or don't set up an exchange at all.
65  Economy / Games and rounds / Re: 5 BTC giveaway! on: May 12, 2013, 04:45:47 AM
https://coinroll.it/bet/119c4e5974b0
66  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs to be simplified for the stupid. on: May 11, 2013, 09:40:58 PM
EDIT: You know, the more I think about it, the more it seems that this type of antisocial-elitist attitude on this forum is what might hinder its growth. Why should only tech-savvy people (uncool people?) deserve to use Bitcoin? Why shouldn't those who are incapable of thoroughly understanding Bitcoin (i.e. perhaps someone in your family) not deserve to get something out of Bitcoin?
You're reading things between the lines that don't exist. Everyone should be able to use Bitcoin. It should become easier to use (that's why I started working on bitcoin-qt in the first place). That does not mean "cool". The cool factor is marketing, a clever way to use your desire for social validation to separate you from your money. It has nothing to do with the product. If anything, the focus on hipster US consumer technologies marketed by billion-dollar PR agencies is very narrow.

The big picture is that most people use technologies because they are useful to them not because they are "cool". Especially outside the first world. They use them because it empowers them, because it allows them to do things they would not be able to do otherwise, or at least way more efficiently. Or maybe it even helps them survive despite their conditions. Do you think the Romans built aqueducts because they thought they were cool? Do you think people in Ghana use mobile payments because they are cool?

Bitcoin is still searching for its niches, but it has already shown to be very useful for some kinds of transactions. This is what drives adoption: people use it to accept payments. Slowly but surely the technical stuff will go to the background. The end result will be no more need to mess with blockchains and separate private keys for casual users. Just reliably send units of currency from one person to another person anywhere on the world. Everyone understands that.


There's nothing wrong with making "cool" things on top of Bitcoins. Yes, there are impoverished people who don't necessarily need cool stuff but cool stuff is what brings people attention to tech in many situations, no matter how poor they might be. If you're able to make Bitcoins cool for the masses (yes even poor masses need cool things to experiment with), they'll dig into it a bit deeper into the non-cool stuff and learn about it in that manner.

I guess what I'm trying to say is that the really poor people won't benefit all that much from Bitcoins. But if you can make Bitcoins a cool or interesting hobby they can spend their time on, they might try it out.
67  Other / CPU/GPU Bitcoin mining hardware / Re: I want to buy a cheap 5750. But the seller says is ASUS, not ATI/AMD... on: May 10, 2013, 09:23:14 AM
Well, yes and no.  Asus tend to design their own board, cooling, power delivery system for their cards.  The chip is the same, but the board it's soldered to is usually very different.  Same result, but it may or may not be faster/quieter/more reliable than something like a Sapphire which is just AMD's design with a sticker on it.

Well I think for a 5750 it's not a big issue which brand you get. Even with the best custom board design and cooling it will make minimal difference in hashing speed.
68  Other / CPU/GPU Bitcoin mining hardware / Re: I want to buy a cheap 5750. But the seller says is ASUS, not ATI/AMD... on: May 10, 2013, 09:09:28 AM
They're all using the same chip from ATI/AMD... ASUS just sticks on their label.

It's all the same.
69  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs to be simplified for the stupid. on: May 10, 2013, 08:18:10 AM
We have to make Bitcoin cool for mass consumption.
No. Just no. Bitcoin will become easier to use and get out of the way.

Money is infrastructure, it is not cool consumer technology.


Why can it not be cool?

So you're telling me that something cool should not be built on this infrastructure to gain people's attention?

It CAN be a cool thing for consumer to play with if it's done right; and there's no reason why it shouldn't be that way.

EDIT: You know, the more I think about it, the more it seems that this type of antisocial-elitist attitude on this forum is what might hinder its growth. Why should only tech-savvy people (uncool people?) deserve to use Bitcoin? Why shouldn't those who are incapable of thoroughly understanding Bitcoin (i.e. perhaps someone in your family) not deserve to get something out of Bitcoin?
70  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs to be simplified for the stupid. on: May 10, 2013, 08:05:47 AM
Okay, so after telling my friends about bitcoin, I decided to give them a lecture on bitcoin.
Of course they were intrigued and wanted to know every last detail.
It took me around, a hour to explain the basics to them over a skype call, at the end they were all confused and had no idea what I had just told them, one even said "That is no possible", what is not possible, I asked.
He said a online currency, I laughed and ended the skype call, lol.

Anyway, the point is bitcoin is in need to be simplified and I THINK a lot of people agree on the subject, the whole mining bit is confusing even for veterans of bitcoin.

I've explained Bitcoins to 2 university undergrads yesterday and it took them quite some time to get it. I don't think the mining aspect is all that important but it's the implication of Bitcoins that is hard to get right away... It can take some time for it all to click in.

Of course, there are people who just don't care or want to understand anything outside of their comfort-zone. Bitcoin is funny like that, it's a great barometer of one's aptitude to adapting and accepting new concepts... some people just aren't capable of generating self-interest even when the result would obviously be rewarding to them.
71  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs to be simplified for the stupid. on: May 10, 2013, 07:51:50 AM
If Bitcoins can be marketed as a tool of saving time then there should be enough appeal for masses to try it out.

Yes, but first the product (Bitcoin system, inclusive of Bitcoin clients, e.g. Bitcoin-Qt) must be customized for the stupid (me inclusive) / polished to meet their capabilities.

It is too early to spend resources on marketing Bitcoin. I would not like to see people burned. If the stupid get burned you can expect a well-deserved negative PR. Such PR will not elevate Bitcoin prices. And we hope the prices to rise, don't we?

Yes I agree with what you've said. I'm just saying that services revolving around Bitcoins, like a smartphone client, should be easy enough for nearly anyone to use.

The point is that stupid people exist, and they are a substantial part of any economy. You need them as much as they need you. Make Bitcoins easier and more attractive for them, and everyone is happy.
72  Bitcoin / Hardware / Re: Visit to BFL on: May 10, 2013, 07:29:53 AM
Let's get Gordon Ramsey into Bitcoins... he'd pay a visit to BFL and smack Josh in the back of his head so fast...
73  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs to be simplified for the stupid. on: May 10, 2013, 06:49:18 AM
I was just thinking of the various ways that a firm could advertise Bitcoins advantages over cash and even credit card for someone who does a lot of in person shopping (i.e. for food, for clothes, etc.).

Perhaps we should highlight how instead of carrying a wallet full of card and cash, they could make do with just their cell phones as long as they have a Bitcoin wallet app on it.

Less fiddling and carrying of coins and change and no need to secure your credit card, sign anything or punch in any pin codes. Everything you need is already on your cell phone.

If Bitcoins can be marketed as a tool of saving time then there should be enough appeal for masses to try it out.
74  Other / Beginners & Help / Re: What thread would respond to if not confined to the "Newbie Forum"? on: May 10, 2013, 06:34:14 AM
Excellent post.

Noobs shouldn't feel bad about being noobs. If you really think about it, 99.99% of people on this planet are "BTC-noobs", so it's not so bad.
75  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs to be simplified for the stupid. on: May 10, 2013, 06:32:18 AM
I find that I have a lot of trouble explaining Bitcoins to the average person well enough so that they are intrigued enough to research it on their own.

There definitely needs to be a bit more "fun" in the Bitcoin ecosystem; some sort of PR campaign that not only get investors interested but your everyday layman interested.

We have to make Bitcoin cool for mass consumption.
76  Bitcoin / Bitcoin Discussion / Re: How did you First Find out about Bitcoin? on: May 10, 2013, 06:07:48 AM
In May 2011 I tried to sell a 5870 videocard on Craigslist so I could get a better card from Nvidia. Originally I had arranged to sell the card to someone in my age bracket, someone quite young, for my initial asking price. Then the next day, just hours before I was going to meet this fellow, a much older gentleman offered me quite a bit more for the card.

After I met up with this older guy at a cafe, I asked him what he's going to use it for. He did not fit the profile for your average "PC" gamer. Turns out he's a premier miner in my area and has been at this thing for some time.

For the next hour we discussed Bitcoins over some coffee, and the way I understood it back then was that it was similar to folding@home but it could be used to make yourself some money. What was especially focused on was not the political ideology of this system but just how it can work as a currency. And the fact that anyone in the Bitcoin world back then were still "early adopters". I did not understand the political or even the financial ramification of Bitcoins at that moment.

Once I got home, I felt bad about selling the card. A part of me felt awful for abandoning the original buyer. And another part of me felt awful for selling the card at all. But if there was money to be made on something as cool as that guy made it sound, then perhaps it was not all in vain and I should really learn this thing.

I became persistent to learn about Bitcoins; over the next few weeks I studied its history, its technology, its current state, and what the future of Bitcoins might be. As soon as the "big picture" clicked, I went out and bought 3x 5830s from CL and an AMD board for a mining rig.

Interestingly enough, two of those 5830s came from young dude who has a master degree researcher in distributed computing and he said he has been mining for some time now. So I guess he felt he had accumulated enough coins/profits and those 5830s were useless to him.

Fast forward to today, I could not have foreseen Bitcoins to be where it is now. Had I sold my 5870 to the younger fellow I would probably not have learned of Bitcoins until a much later point. And I probably wouldn't have taken it seriously for some time because I wouldn't have met a "IRL mentor" who is able to present Bitcoins to me in a neutral manner.
77  Bitcoin / Bitcoin Discussion / Re: Nerds & Geeks will rule the world. Soon on: May 09, 2013, 06:06:18 AM
I hope those nerds and geeks will do what they can light up the rest of the world that aren't exposed to the Internet on a daily basis. I'm very curious of how Bitcoin can help those less fortunate people.
78  Bitcoin / Mining speculation / Re: Estimated hashrate of the NSA? on: May 08, 2013, 04:37:14 AM
Hint: Satoshi Nakamoto... or shall I say, Nakamoto Satoshi, is NSA.  Wink
79  Bitcoin / Hardware / Re: BFL 6 May 2013 ASIC Update on: May 08, 2013, 04:30:10 AM
Another useful BFL thread ruined by trolls.
Are there no mods?

I am use to a forum with over 10,000 active members, where mods would have deleted half the posts in this thread in seconds as off topic or abusive.



You know, people wouldn't bother trolling BFL if they made some actual progress and delivered. You shouldn't blame people for "trolling" at this point.
80  Bitcoin / Press / Re: 2013-05-06 Fox Business: Buffet/Gates/Munger on Bitcoin: Rat Poison, Flakey on: May 08, 2013, 01:23:30 AM
Maybe Bill Gates is Satoshi or is behind the group known as Satoshi?
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