It matters because AFAIK they haven't actually provided any evidence that they have been mining at all. It's not hard to point to a tx where there the 25 BTC reward comes from and yet they haven't done it. I'd be more than happy to keep quiet if they would post some verifiable proof that this is legit. It's all to easy for it to be a ponzi - it fits the bill exactly. As an investor myself, I don't like saying this but this is what it looks like.

I don't see how it's our fault if people are unable to have a secure password/use 2FA. People should have a little more common sense than that. Not to mention this information is available freely on the wiki and on the Blockchain site.

Sure they should - but let's be realistic here, even if they did they'd just use BitPay and convert it back to fiat anyways. Doesn't exactly support the system considering all they are using it for would be as an alternative payment processor rather than its own merits.

I really wouldn't equate intelligence with the ability to take the necessary precautionary measures to prevent loss of their BTC. While intelligent people may be more likely to read about how to have security in place - so too can a layman provided they aren't lazy/disinterested. Anyway, I wouldn't be too worried - most people using it at the moment are somewhat tech savvy and the corporations that support BTC in the future will help to babysit the people who are less knowledgeable in these matters.

You might want to consider lowering the price. It's priced @ $239 retail.

http://www.msy.com.au/Parts/PARTS.pdf

Pretty shitty friend you got there man. And why exactly would you be helping him in this (on the assumption you guys aren't one and the same)...


Of course we're going to be sensitive - what your 'friend' is trying to do is unethical and morally wrong.

BTC are created roughly every 10 minutes. The difficulty factor is set such that the time taken to solve a block approximates 10 minutes but it can vary quite significantly.

My advice - find something else to invest in as you either a) won't make money b) barely break even. The costs associated with waiting for your orders and electricity mean it's not exactly profitable.

Best option IMO would be to have an encrypted USB that you have in a safe deposit with your bank. It might cost you $50-100 a year but if you have enough coins it's really rather valuable enough to warrant it. That way unless there is a natural disaster that affects both your bank and your house you should be fine.

Confirming I have been paid. Thanks!

https://blockchain.info/tx/c1b402ab517b6da68950fed70a95b452eb19ccdbbdc0263113a9d2a952aaed54

I'm doubtful martingale would work as even without a limit, you'd be hard pressed to find users willing to take someone's bet at the higher value bets. It's just part of distribution - there are logically less whales than the normal bettor.

Sr and Hero posts on technical matters are in general more sound, in particular pay attention to DannyHamilton & DeathandTaxes as I've found that their technical responses as they are well informed. Most (and I emphasise most) VIP/Donators are also very technically competent.

As far as matters regarding ethics some members no matter what rank they hold are far more vocal as this case demonstrates. What I'm saying is that it's best to avoid making sweeping generalisations about members - don't lump all Sr and Hero members in the same group. Trust me at every level here and society in general there will be people you don't like/disagree with but it doesn't mean everyone at that level is just as bad.

On your final point, I only speak for myself when I state that - not everyone on this forum/rest of the world. I'd like to think I'm not so arrogant that I know everyone that well.

IIRC one of the hacks that occurred in event history was as a result of a flaw that stemmed from avatars. Hence they were disabled to temporarily solve this issue and theymos has no plans on re-enabling this functionality.

And yet theymos has stated that this will not be happening either as the result of his or Slickage's work meaning that someone else will have to do this. I find it rather laughable that it's costing us so much for new forum software and yet we can't even have 2FA enabled.

Yes and no. Some members have a propensity to be quite a bit more blunt when it comes to their views. Just a part of human nature.

A Hero member is a person nonetheless and like any person on this forum is entitled to his opinion. I don't know why there is some misconception that Hero members have to be nicer, more knowledgable and ethical than the rest of the forum base. Some are - but as evidence will show you some aren't.

That is even worse. If you cannot 'predict' better than the rest of us, what use is your apparently mathematics defying bot.

And the house bankroll will be a little larger in a few minutes from then.

@OP: You're lying - it is mathematically impossible for you to 'predict' rolls so you offer no advantage to any individual who could bet themselves. Unless you have infinite money, and no betting limits martingale will eventually fail and you will go broke. The reality is that:

1. You scam and never pay back.
2. You lose all your money and never pay back.

And just saying - if you could 'predict' rolls there'd be much larger problems like the whole premise of mathematics failing. So yeah, unless you're telling me you've successfully proven mathematics wrong go try and scam somewhere else.

This. Just buy and 'hodl'. Trust me it'll work out better for you in the end - unless you're willing to sit at your computer all day and daytrade for a few cents you're going to lose money. Just get a job and invest some of your earnings into BTC.

Not necessarily, people whose preorders came late are probably losing money, but they are mining to reduce their losses. It doesn't actually mean they are making profit off of it.

@OP: It would probably be more effective for you to invest a % of your wealth into BTC and then watch where that goes rather than trying to run a large scale mining operation as all in all you won't make much for the effort and time - probably better to just work a day job.

There has. As theymos is unwilling to do so, a bounty for the a project was placed by Stunna here: https://bitcointalk.org/index.php?topic=364307.0
However, no one has offered to complete the task - so I believe we won't be seeing it in this forum or the new one.