I'd love to go on "all expenses paid" trip to a conference like this. Particularly if many people from that list are present. I would present a talk on mining (novice and intermediate level). And maybe even hold a raffle (free of course) for some of my super-puper secret mining rig cases.  @cypherdoc: one more person for your list: ArtForz |
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Or you had really bad experience or you have way to much free time  I know that setting a laptop like that is a matter of spending 2 -3 hours in front of the screen but most people (including me) will do that after they got burnt. For now I am running on Ubuntu and I feel quite safe behind two firewalls and so on so I do not think there is a need for so drastic measures in my case anyway. Regards 1 I am simply professionally paranoid and do it before I (could) get burned. |
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Indeed you are. Well.. go ahead than and do this deflation thing if you want.
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Starting a new currency with a fighting chance to dislodge Bitcoin, presently is not viable without 30-100 million$ budget.
Don't you think it was not my first idea to fork bitcoin and get my own currency going the minute I learned about bitcoin in late 2010?
I did my DD though, it is not viable.
One is are much better off setting up some kind of bitcoin related business now and than growing together with Bitcoin. It is a nobrainer, really.
Better think where you can have first mover advantage, something new and original, online notary service, contract signing service, votes management service, something using shared mining possibilities to put all this huge hashing power to good use.
I admit one thing, pump and dump on some new shitcoin fork is much easier than that.
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not the deflation argument again please....
Why not? Afraid your arguments will not be good enough? You have not been here for long, have you? |
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Yep we have on our hands successful character assassination. Or was it suicide?
One thing I know for sure: I will not be calling BW when they come to repossess my house.
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not the deflation argument again please....
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So called "expert witness" testimony has little value when the either the plaintiff or the defendant provides the "expert". They could be getting paid to testify in which case they will say whatever the person paying them wants them to say.
kid, go see some court hearing related movies or something. All a competent attorney has to do is ask them if they are being paid to appear in court and that will cast doubt in the minds of any jury. Not only have I seen movies, I've served on juries. How about you? And I'm no kid. I'm probably old enough to be your father. Yea different country, I know, but it is the same everywhere, more or less. There is a horde of professional expert witnesses, who make living by being an expert witness for hire. Daddy. I have not served on juries, but I won lawsuits by writing one paragraph of text. |
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So called "expert witness" testimony has little value when the either the plaintiff or the defendant provides the "expert". They could be getting paid to testify in which case they will say whatever the person paying them wants them to say.
kid, go see some court hearing related movies or something. |
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Meh, I'm pretty sure 'value' is irrelevent before the fact its 'property' (parts of data). Once its property, all the judge is gonna ask is 'whats it worth?'.
The thing is. The judge will ask not you. The judge will ask an expert witness, probably invited by claimant. The expert will pull out mobile phone check current mtgox rate and say "As of this moment this day and this month of year 2012, based on current exchange rate on leading exchange, which is 356.33 $ per 1 BTC, fair market value of 512 BTC can be estimated as USD182440.96". Numbers could vary, but you got the idea. |
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It's not to late to return either bitcoins or fiat equivalent and settle this case amicably right now.
You do not want to have to pay 512 BTC in a year time when 1 BTC = 1000$.
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ashleyconnor, go for it. But be aware that:
- It is a very competitive biz
- there is already well established competition that charge 0% fees
- the market in UK is rather small
On the other hand, if you have reserves and can maintain a decent service with no revenue for a year or two than eventually it could be a big winner.
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some miners have secondary and tertiary (and more) targets, so if primary pool, for example, goes down for a minute, miner would start mining on a backup target which could be you own bitcoind.
Those who hop proportional pools, may have a default pool which they mine with when there is no appropriate victim available. This would be overspill to a default pool than.
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Threat of force is often more effective than application of force. Someone with proven hashing power can simply ask for some money from shitcoin "early adopters" or else...
damn... I give someone ideas here....
ixcoin is an easier target. They're trying like HELL to get their difficulty dropped, including patching the software to change adjustment algorithms. That's why I've downloaded their old daemon and mine with my overspilled hashes on it. Not much but everyone who thinks it is a scam should do it  Could have run local bitcoind and overspill to it. I recently solved a block on such "overspill" and than sold that block to a bitcoin numismatic for a premium. |
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Threat of force is often more effective than application of force. Someone with proven hashing power can simply ask for some money from shitcoin "early adopters" or else...
damn... I give someone ideas here....
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what about restarting the whole chain from the beginning or from a while ago and making it longer than the current one thus deleting all transactions that happened?
I probably can do this one alone. |
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What will happen when there are no more bitcoins available? Nothing. Business as usual. |
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Considering now much excise taxes they take on those fags (meaning cigarettes) I am not surprised that they allow everyone and their mother to sell it.
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Actually that's pretty accurate. No where in britain accepts bitcoins at all. The only thing you can use it for is buying drugs.
You're talking to a UK retailer of tobacco (for BTC)  I'd put a 5btc wager on the fact that you are doing it illegally. Does that mean you'll give me 5BTC if I can prove I'm not, and what would that entail? I'm trading as a Sole Trader in the UK. I count my expenses and when I sell BTC for fiat I will account for that as taxable income. I don't know what the UK tax law is, but I assume 'Sole Trader' is the same as 'Sole Proprietor' in the US. That squares you with the IRS or equivalent, but does not say anything for the actual tobacco sales. I am saying that I bet you don't have a permit to distribute tobacco. To prove that you have the permit, we'd need to see the permit... In some countries law is less crazy than in others. Imagine that! He does not have to prove anything. |
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