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Most of it come from reddit. Thx to whoever put it there. Just to let you guys know I really don't make money or bitcoins off of this. I just do it for fun and because I believe in bitcoin.
I've made about 95 bitcoins from donations and $1 of off Google Ads. The domain cost $9 and writing articles takes time.
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A movie of this caliber would do bitcoin a very good service: Check out the quality of this explanation of 'groupon' http://vimeo.com/2112924 |
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No, I just googled 'omegadraconis'. Not sure if that's the 'omegadraconis' we are looking for, but the guy does look technical. Sorry if I made this a witchhunt.  |
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Right now people are relying on reputation. But if you have no reputation you could use the escrow service. Escrow service could make some money off of each trade.
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What about gift/prepaid credit cards? Is there any way to use these in case people want anonymity?
Hmm, hadn't thought about that. I'll have to look up gift/prepaid cards and see how the charge-back stuff works. If it's not possible for customers to call the issuer of the gift/prepaid card and dispute a charge then I may be able to accept them without much verification at all. However, if the charge-back risk is there I'm inclined to say no. Of course, if you are a trusted member of the bitcoin community, you can contact me directly and we may be able to work something out :-) Ok, if there was little or no charge back risk it would be great. How many bitcoins do u have for sale? |
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Bitcoin Block Explorer now easily allows the possibility of an escrow service. The escrow service can see who is paying who. Win. Any takers?
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What about gift/prepaid credit cards? Is there any way to use these in case people want anonymity?
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Have you considered text message code that is sent to a phone? It would be another step for security...
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Just FYI...thx everyone for making this happen!   |
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Are we ever going to add GPU mining into the main code base? Most mining is done by GPUs now and they could have outdated/modified code which could threaten the block chain.
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Using bitcoind server it's possible to send decimals under .01 right? I think the default bitcoin client should by default show .01 but it should be adjustable in the menu.
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I am obviously voting for mine #3 with the girls.  Do I get bonus points for using cute anime girls or do I not? Maybe some sort of secondary prize? Prob not fair to award me bonus points anyway. |
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Hey Jim, many thanks for writing the article. I know these things take time and I certainly appreciate the effort you're putting in to help Bitcoin.
I hope I'm not being a jerk here for giving some constructive criticism of the article, sorry about that ... but I feel slightly uncomfortable with putting out the idea that Bitcoin will be used for subversive activities. It was really hard for the EFF to make the decision to support Bitcoin, and I'm worried that if they see an article with such things in it they may pull out, or at the very least become quite uncomfortable with their decision to use Bitcoin. It's not good PR for them.
These are the types of bad things that the anti-Bitcoin crowd will accuse Bitcoin of being, and we shouldn't offer it up from our own ranks. Maybe I'm wrong here though, and again, I don't want to come off the wrong way.
The article could be easily modified to simply remove some of the negative stuff, specifically this section "Users of Bitcoin who conduct business with the wrong people could face charges of money laundering, identity theft, and/or fraud. Honest Bitcoin users could be implicated in crimes by criminals engaging in phishing or malware and stealing identities."
....and also most of the second paragraph.
It's up to you though ultimately since it's your article and your blog. Everything you say is accurate, but the question is if we should be saying those things at all right now about Bitcoin. It might scare off certain people who otherwise would just see Bitcoin as innocent fun.
Thx for your constructive criticism. As you may know, I am "pro" bitcoin and my articles tend to lean to promoting bitcoin. I chose to add those paragraphs because I think the reader deserves to know the whole truth. For example, the latest scandals involving buybitcoins.com, mtgox.com, and bitcoinmarket.com were a major setback to the bitcoin movement. I think it is clear that bitcoin will face some legal battles as more people are aware of it. I think my journalistic side is trying to cover both sides of the story, but by the end of the article I hope I give the impression that the future of bitcoin is in good hands. I think I am more of a blogger than a journalist so I guess I have some flexibility on how I portray stories. But, thx for your criticism and I will keep what you say in mind. |
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LOL! Very funny!!! |
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Maybe we can look at it at a different point of view. Maybe $2.10 is not expensive and bitcoin is worth a lot more. davidonpda calculated that using the AWS GPU cluster it would cost $150 per block. That means it would cost $3 to generate one bitcoin at this point in time. Therefore a bitcoin is worth $3. If Amazon charges $2.1/hr then I would guess that this price is close to the "industry standard" in terms of cost for the hardware, hosting, electricity, etc., to be a profitable cloud computing company. That means today's bitcoin prices on the market are really cheap! |
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So, someone want to compute wether amazon EC2 Cluster GPU instances would make you any money? Cluster GPU Quadruple Extra Large 22 GB memory, 33.5 EC2 Compute Units, 2 x NVIDIA Tesla “Fermi” M2050 GPUs, 1690 GB of local instance storage, 64-bit platform, 10 Gigabit Ethernet These are $2.10 per hour. $2.10 x 24 hours = $50.40. 2 X M2050 = ~ 75 mkhash/s Difficulty Factor 4536.35372328 Hash Target 5.94299671841E+63 Probability Time Average 3 days, 0 hours, 9 minutes 50% 2 days, 2 hours, 1 minute 95% 9 days, 0 hours, 10 minutes ^ From http://www.alloscomp.com/bitcoin/calculator.phpSo, if one block for $150 is a good deal, then yes, it could make you money depending on what you think bitcoins value are now and in the future. Of course the difficulty is jumping up again in a few days, current generation is still over 9 blocks an hour average. $150 for a block means, by cloud computing industry standards, is $3 a bitcoin! $150/50 = $3. Is this the true worth of a bitcoin?!? |
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All I can say is: "kiba, Hero Member" Oh, and.... I'm calling my media contacts at PC World and such... We'll see what happens. Yes, thx kiba for starting this! |
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