I apologize if someone has pointed this out already, but...OP, you do realize that Bitcoin and Ripple are entirely different virtual transaction utilities, right? Saying one is better than the other is like trying to explain why apples are better than oranges.



Correct, for the most part anyway. Bitcoin was designed as an anonymous P2P system. Anything where a real world identity is unknown or otherwise obfuscated has a greater likelihood for a compromise of trust.


Partially true. Bitcoin (as well as any niche item/product/tool) starts off as entirely "fanboy" based. As the virtual economy grows, and assuming it gathers attention along the way, so does the community around it. Growth in any financial area (whether commodities, currencies, company stock, etc) always attracts speculators...the same applies to Ripple. People are buying and selling XRP for BTC. Not sure if you knew this or not, but this is called speculation.


I'm going to go out on a limb here, but that scenario isn't intended for Bitcoin. However, if you change [a pizza] to [any non-perishable item] and [at their corner store] to [from anywhere in the world, and all anonymously], then I'd say "yes" it is worth it.


I think I have a better system, though it's along the same lines. Hear me out, I promise it's worth while:

What if we had sort of a paper currency..something we could hold in our hands and see with our own eyes? It would have to be distributed though, so I propose some sort of central agency that has all of the currency on reserve, and then from there they distribute it out to various nodes, which in turn come to us. It's an incredible "trust based" system, since trading the currency requires you to have an in-person interaction. In order to keep the currency flowing, we could do favors for each other (like mowing lawns, fixing cars, building computer systems, etc) and we would use this currency to compensate the person doing the work. If we get enough people to jump on this bandwagon, we could create an enormous economy seemingly overnight!


Could be true. I happen to have a few XRP lying around not being used for anything...interested in buying?



I actually cringed when I read this, and I can tell others did as well. I wasn't cringing so much at the statement, but more at the thought of you losing about 90% of any credibility you had 

They're one in the same.

How buying a product from Butterfly Labs works:

Method #1: Paypal
Log on to Paypal >> Pay for the preorder through debit or credit >> BFL gets your cash

Method #2: Wire Transfer
Get bank info from BFL >> Contact your bank and send money to the account >> Wait a week or two >> BFL gets your cash

Method #3: Bitcoins
BFL sends you to BitPay >> BitPay calculates the cost in BTC >> Send BTC to BitPay >> BitPay instantly converts those coins to cash >> BFL gets your cash

The common theme here is that Butterfly labs doesn't deal in Bitcoins...

Soo..uhh...how'd it go this morning? I see soooooo much has changed...

I'm not sure you know this..though I trust you're slowly figuring it out...but an order placed a month ago isn't worth nearly as much as you think it does. That said, what makes your Single so special that you value its starting bid at $4000? And don't say anything about your place in the queue because, frankly, you're pretty much at the end of it.

People want early orders...hell even ones placed near the end of 2012...not necessarily ones from March 21st, 2013.

Want to try and name some?

Other than that, I can't tell if you legitimately don't know what MLMs and HYIPs are..or if you're just trying to get a baseline before launching your own scheme...

There's a lot of smart people in this community. Newbies looking to start Ponzi Schemes are generally quickly discovered and aren't well received...

Ah, seems someone is finally catching on...

I'm not debunking your statistics, those seem fine. What I'm actually finding immense humor in is your "logical" process:

• Compulsive smoking and gambling is caused by unhappiness.
• Abuse is a source of unhappiness.
• Spanking can be considered abuse.
• Therefore: Spanking = unhappiness = compulsive smoking and gambling.

To compare:

• Large ships are made of metal.
• The hammer in my toolbox is also made of metal.
• Therefore: Hammer = Large ship

Good god this is off topic...

Bwhahahaha, I love random statistics! Did you know that 95% of all people who have "rational" in their username aren't really rational at all? I like to visit the Bureau of Made Up Statistics to get my credible information as well....

+1 ColdHardMetal - Great selection and price, fast shipping. Will certainly order more in the future!

To me, Bitcoins are like paper bills and Litecoins are the cents. I'm more willing to gamble with Litecoins because I know they don't hold nearly the same value as Bitcoin.

That said, what would happen if Litecoin was added to SD? EV would have thousands of Litecoins [profit] by the end of the month...and although that sounds nice, it's not if he only wants Bitcoin in the end. Converting mass quantities of LTC or any of the smaller alt-coins could pose two problems: A) People could bid up the exchange rate when they suspect EV is trying to convert to BTC, which cuts in on the final profit obviously, or B) constantly converting thousands of coins at once to BTC would kill the alt-coins value.

Either way, it's a pain in the ass. It's much easier, and vastly more financially stable, to stick with one coin. Obviously if EV intended to hold and spend LTC as we do with BTC, then this may be different...but as far as I can tell most people use LTC as a means to convert to BTC.

Technically we're still well above the expected 1.9% edge, and not to mention December through February were fantastic months financially. At some point math will win and we'll dip down to match what's expected.

Some expenses are based on USD value. Others could be a fixed rate, or a percentage of profit (couldn't find any details on them, but then again I didn't look too hard). That's up to Erik to decide and fill us in on (not disagreeing with you on that).

And I know it hasn't been rewarding (at least long term), and as the price in BTC increased I figured that may be the case in the end. I sold near the peak and bought again when it was quite low...and then sold again recently. Profit-wise, I'm fine...and I'm thankful I didn't buy and hold (even though, in a financial sense, I'd very much like to).

Soooo...let me get this straight...you paid BTC70 in September (valued at, what, $700-840 or so..assuming $10-12 a coin)...and you hate BFL because they didn't give you $17,000+ back during the bubble?

Are you retarded?

Disclosure: Those expenses account for less than 5% of gross profit for the month...though transparency would be nice, EV has no obligation to provide such information. I owned more than 20k shares in S.Dice...if you don't like the way the company is run, sell your shares.

Got my email! Ah, the news I've (and thousands of others) have waited ages for..

You mean..1 GH/s?

EV has been here long enough, so I presume this is something he understand well.

With that in mind, my guess is that there's something going on that a) consumes 100% of his time, b) could be detrimental to the business if brought to the public's attention without first being resolved, c) received advice to temporarily cease communication (such as what happened with Nefario and GLBSE), or d) a mix of any or all of these situations (as well as others I may have missed).

What!?! How is it I've been around this site since 2011 and have never stumbled upon this thread?!

I thoroughly enjoy my cigars, but never in my life have I had a Cuban. Expect a PM from me at some point CHM

I hadn't seen this before either, so thanks for that. That's some good stuff!