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601  Alternate cryptocurrencies / Altcoin Discussion / Re: Coming Soon - Fairbrix on: October 01, 2011, 02:37:54 AM
Or you could just send those coins to random addresses. Then some people someday will find an extra couple brix in their wallet Smiley No need to favor early adopters!

That's like destroying them. Finding a collision is highly unlikely.
602  Other / Beginners & Help / Re: How much do you have invested in bitcoins? on: October 01, 2011, 02:31:13 AM
Because God knows there's always money in Gaming.

...and the Banana stand.

Kudos to you sir for mentioning the banana stand  Cool
603  Other / Beginners & Help / Re: Getting feet wet - SOLO ONLY hardware list on: September 30, 2011, 11:09:09 PM
Solo mining is more profitable than pooled mining, and hashrate has absolutely nothing to do with it.  Solo mining only means higher variance, and low hashrate means variance may be a bit high for some.  My 13 Mhash/s 5450 fanless PCI card has paid for itself and the computer many times by mining solo since december last year.  Often takes a while between blocks now, but I can wait.  (Last block in May.)

This is the most misleading comment in the thread. Have you looked at difficulty changes since May? You will probably never find another Bitcoin block with that card. You will earn money if you turn if off (or join a pool, if you don't pay for electricity).
604  Economy / Speculation / Re: Why is crossing any whole dollar price so psychologially difficult? on: September 30, 2011, 05:22:19 PM
When people input orders they usually choose round numbers. Say you have 100 Bitcoins and you want to sell them. The price is at 4.78 and you think: "Maybe it will go up to 5 so I can cash $500". So you put a sell order at $5. These barriers are made by people so you should expect some "regular" numbers ($5.1, $5, $5.35 are much more likely than $5.2412413)

Of course this doesn't always happen. Sometimes the barriers are also related to supports/resistances from technical analysis.
605  Bitcoin / Bitcoin Discussion / Re: please review my reasoning on: September 30, 2011, 05:04:57 PM
all bitcoins are created equal Smiley

new coins and old ones are all equally "hard" to steal from the chain

I mean, all private keys, old and new ones are equally strong
so if someone would brute force search for keys, like key mining operation,
same chance is to discover old or new private key (however small that chance may be)

true or not ?

Yes, the probability is the same for all keys, but it is an incredibly small probability.
606  Economy / Trading Discussion / Re: Bitcoin, IxCoin, I0Coin,SolidCoin trades watching service (live) NEW! on: September 30, 2011, 04:51:18 PM
An interesting addition would be MtGoxEUR, TradeHillEUR, virtexCAD, etc. There isn't anything like this for non-USD currencies.
607  Other / Beginners & Help / Re: hELLO, which is the fastest way acquire bitcoins in the UK? on: September 30, 2011, 04:37:00 PM
If you have a credit card and you are in a hurry, you might want to try http://www.btcnow.net. Prices are a little high though.
608  Bitcoin / Bitcoin Discussion / Re: E-mailing merchants to ask if they can accept Bitcoin on: September 30, 2011, 04:03:31 PM
I replied with a short message saying that bit-pay allows you to accept Bitcoin and have it automatically converted to cash, cheaper than a credit card.

Unfortunately, bit-pay can only pay in cash if the business is US based. Also, I'm not sure about the "cheaper than a credit card part". They charge some fees for the service...
609  Bitcoin / Mining / Re: The Miner's Swap on: September 27, 2011, 07:47:01 PM
This post would have a lot more responses if you could explain your proposal without mathematical formulas. If you are proposing a system for people to use, you must be able to explain it to them without using summations.
610  Economy / Speculation / Re: Bitcoin Technical Analysis on: September 26, 2011, 06:56:50 AM
So... Since you are using the poll results as a contrary indicator, should I vote down if I think the price goes up? But if I think it goes up, it will probably go down so if I vote down it will go down, but then again it should go up.... Huh

I gotta go to sleep.
611  Economy / Marketplace / Re: Accepting bitcoins on ecrater - howto? on: September 26, 2011, 06:48:31 AM
From their Terms of Service:


Quote
4.3 Content requirements

- Do not include promotional or boilerplate text in your product titles and descriptions. All text should directly describe the product. Texts related to shipping or store policies must not be included.
- Do not invite the users to pay through payment methods not supported by eCRATER.
- Do not direct users to go to other sites to complete the transaction
...
612  Other / Beginners & Help / Re: Getting feet wet - SOLO ONLY hardware list on: September 26, 2011, 04:18:53 AM
At what Ghash woul you recommend to turn on into SOLO mining and why?
For example mining with 20GH/s at a pool is ALWAYS not as good as mining SOLO?

The main advantage of mining solo is that you do not to pay the pool fee. To mine solo I would say that you need to generate maybe 1 block per week/few days, but that really depends on how much are you willing to risk.

This might interest you
613  Bitcoin / Bitcoin Discussion / Re: *Freddiew* over 400m views NEW(feature-length project) Pledge&Donate w/bitcoins! on: September 25, 2011, 04:32:48 AM
This is not a dumb idea. My problem is that I don't like his videos that much.

Well, if you setup the BTC payment maybe I'll donate half a Bitcoin or something... Just because I like bitcoins Tongue
614  Other / Beginners & Help / Re: Revolutionary new system for Bitcoin on: September 24, 2011, 04:27:06 AM
Thank you how did you know i use Android? Wink

I didn't, but Apple forbids bitcoin wallet apps so there wasn't much choice left Tongue
615  Other / Beginners & Help / Re: How much do you have invested in bitcoins? on: September 24, 2011, 04:24:29 AM
Granted, I haven't been watching prices long, but it SEEMS that Bitcoins aren't any riskier than normal stock. Maybe they'll go back up to $20 each, maybe they'll drop down to $0.01 per BTC, but regular stock carries the same sort of risk.

Be nice if it was more stable, true, but I don't think it's much riskier than any other sort of investment. Just keep your computer safe from being hacked.

Aren't stocks less volatile? I mean, last week Bitcoin price dropped 20% in one day.
616  Other / Beginners & Help / Re: Anyone else seem ovewhelmed? on: September 24, 2011, 03:56:20 AM
But I think newbies should maybe learn to use bitcoins first and then learn mining later which seems more technical.

Almost every text describing Bitcoin (including the famous video from weusecoins) puts a lot of focus on mining. I also think this is a mistake. Bitcoin should be presented as a currency. If you want gold, you don't go around digging holes on the ground. You just buy some. The same thing should happen with Bitcoin. The details of how this all works should be available only to advanced users.
617  Other / Beginners & Help / Re: Revolutionary new system for Bitcoin on: September 24, 2011, 03:48:33 AM
Excuse me where can i find the phone software not the merchant one the customer one.

Here: https://market.android.com/details?id=de.schildbach.wallet&hl=en
Or here: https://market.android.com/details?id=com.mtgoxlive.trader
618  Other / Beginners & Help / Re: bitcoinica is a sham or probably a ponzi sheme on: September 24, 2011, 03:46:23 AM
Am I reading this correctly?

You were trying to withdraw BTC by placing market orders?

Why didn't you go to the 'Withdraw' page?

Or am I missing something?

I don't understand it either. Anyway, hmongotaku, if you don't understand what bitcoinica is then don't use it. Bitcoinica is for users with background in Forex trading. It has advanced (and dangerous!) trading options.

Besides, they are not an exchange per se. Bitcoinica trades at MtGox. If you want to run away from them, use CampBX or TradeHill.
619  Other / Beginners & Help / Re: Revolutionary new system for Bitcoin on: September 23, 2011, 04:56:51 PM
That video is longer than it should be, which may leave the wrong impression. The bar girl doesn't need to touch the server selection and the other one didn't have to leave a tip.
620  Bitcoin / Bitcoin Discussion / Re: High fashion clothing store in Tarpon Springs, Florida now accepting Bitcoins! on: September 23, 2011, 04:38:41 PM
So, that machine on the picture doesn't have anything to do with Bitcoin, right? As far as I know, you only need a cellphone with Internet... or am I wrong?
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