You didnt notice the near $10 price drop since yesterday?!?!?! This is only the beginning. Once word of this coders bullshit goes public its gonna be mass panic.

So, what OP is saying that Bitcoin really is indeed centralized after all? =P

Um current miners are hooked up to network by first configuring wifi through a physical interface....

Yeah, sure, but how do u admin it and tell it to hook up to a network? LOL

How the hell would u put network connectivity in a lightbulb?!

Like I said, its pump n dump. Simple as that.

Honestly, the only move upwards thats gonna happen from here on out will be true mass adoption or the implosion of world dominant fiat currencies.
Some gigantic speculative bubble is just out of the question at this point, the only way that would happen is if bitcoin ends up being traded in the big leagues along w/ stocks n other assets on like NASDAQ and investors w/ gigantic bankrolls start speculating on bitcoins price. They would most likely seek to just pump n dump it though.
I guess there is another way, given the utility of the blockchain itself as realized by NASDAQ to use as a trading platform. If NASDAQ does indeed start doing a majority of their trades using the blockchain & colored coins, they will need to guarantee the security of the blockchain.
The only way to do that is to make sure miners have plenty of incentive to keep mining. Meaning, NASDAQ would start pumping up the price of BTC as needed.

I dont seen any other exchange pulling off a willy bot / mtgox 2.0 but.... I guess that could happen if u get enough people in one major country excited enough that didnt really care about bitcoin previously.

Even w/ the public trading bitcoin has now, its been nothing major. GBTC hasnt changed bitcoin's price in any fucking way. I dont see why any other public traded offer would perform differently.

I firmly believe from here on out its the long / slow road to consumer / merchant level adoption.

If diff was 0 then every hash would be a block ... afaik

Why buy it up?!?!?! oh, just so you can dump more...
Classic pump n dump tactics... good one!

This coin is dead... was nice while it lasted, RIP POC
ya'll can stop mining so I can mine some for myself =P

Has to be the stupidest thing one could do w/ over $100 mil in startup investment funding ... I mean seriously?!    ... I dont see this working at all how they hope.

PRICE DOES MATTER

If price falls too low, miners will stop mining. If enough miners stop mining, some random dude thats hoarding a ton of hardware will simply just 51% attack the network as much as he wants because diff is so fucking low as a result of the plummeting price.
Im talkin bout anything sub $100, we will easily start to see that happen.

good to know, I assume all my hashrate is being accepted & tracked right?

Well, its not so much a point of mining w/ the CPU ... but the fact they made part of a circuit dedicated to SHA hashing ... easily translates into making an ASIC w/ just a huge array of these little circuits, much like how modern ASICs stemmed from previously designed hardware hashing circuit designs and someone was just like ... "well put a shit load of these little things in parallel, drive up the clock speed and ya have a decent mining ASIC"  ... AFAIK

In regards to intel possibly making mining ASIC's.....
Did anyone else notice that the new "Skylake" x86 uarch has an instruction set extension specifically for SHA1 & SHA2(256)
I think thats quite interesting....

Is this a coincidence?
The whole intel may be making mining chips and then yesterday I read about intels new x86 uarch.... It just so happens "Skylake" has an SSE based hardware instruction set extension specifically for SHA1 & SHA256 algos...... I wonder...coincidence? ... =P

Ha, further declining prices ... my theory continues to prove itself.

All I know is when I got in the game back in 2011 .. BTC was nothing, literally nothing, it had one mainstream article at that point, this forum and silk road.
FF to today and look at what it has accomplished ... tons of useable BIP's added to the core protocol, millions upon millions of fiat thrown at mining and VC startups, hundreds of alt coins trying to be anywhere near as successful as BTC, governments starting to see it as a serious threat & holding actual leglislative meetings in regards to cryptocurrencies, major companies accepting it as a form of payment , the list goes on and on....

Ask me if I thought BTC was gonna accomplish this much 4 years ago this soon? I would have answered w/ a resounding NO, u fucking kidding me?!

In short, BTC has come a LONG LONG fucking way in 4 years ... this is what keeps my head up and my faith alive in BTC.

Sure, its been in a downslump in price, but the services / adoption ... the "infrastructure" has scaled MASSIVELY and continues to every day.

We only need to worry about the price if it goes below $100 again. Because at that point miners will be dropping off the network in flocks, consequently driving diff down ... which leaves BTC vulnerable to relentless 51% attacks. Thats when we need to worry about if BTC will succeed or not.

Naw, its just this coin is going the way of all other alts, gradual downtrend into nothing where anyone gives a shit about it anymore. I love this coin and the mining uniqueness, but its sad that its not catching on at all and hence thats when it becomes a pump n dump.

One way to make it obey the power limit is to drop its starting voltage that way it will climb up to that power limit and not go over.