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901  Economy / Economics / Re: Silver shot up. on: September 05, 2011, 10:48:16 PM
Yes. Buying silver is a great idea, when it has fallen below 10$ in the next 1-3 years.

 Grin cheers that's the funniest thing I've heard all day , nearly spilt my coffee Grin



Wait just a little bit and you will see my prediction to come true

I hope this forum is still here in 3 years when Silver is worth at least $150 an ounce and we all point and laugh  Wink
902  Other / Meta / Re: BITCOIN forum on: September 04, 2011, 09:25:16 AM
Nothing wrong with a free market, competition can help.
You are right...but let them create THEIR OWN MARKET and quit riding the coattails of Bitcoin.

Like someone said, one of them has wallet encryption already..... 
Are you refering to SC ? If so, then you obviously haven't tried the Window's Client as it is about as stable as I recall my mother being, when I was younger, for 7 out of every 30 days before the BIG CHANGE.....lol

Either way one looks at it, THEY DON'T BELONG HERE.

Ford doesn't support, or do marketing for Chevy.....and on the flipside, Pepsi doesn't market PEPSI-FREE against DIET-PEPSI.

Of course we belong here, Solidcoin is based around Bitcoin, that's like saying you can't go to a Silver board and post about Gold!

Should all topics which are not DIRECTLY RELATED TO BITCOIN AND ONLY BITCOIN be deleted? Have fun on your ghost board.

It's all just one market you muppet. Plenty of people myself included invest in Bitcoin and Solidcoin. Bitcoin and Solidcoins are not companies competing with each other, they are simply two open source projects which exist in the world. Comparing them to Ford and Chevy is just downright retarded, you can use them both together and appreciate them both for what they are. In fact right now Solidcoin does not even work without Bitcoin as the only way to buy in and out of it is through Bitcoin...

Personally I think the Solidcoin client is better than the Bitcoin client, the Windows version that is I've not had a chance to look at the other versions. Solidcoin also has developers actively working on it and adding new features, as opposed to Bitcoin which appears to have stagnated. The underlying blockchain code is better as well. Solidcoin only takes approx 10 minutes to confirm a transaction beyond reasonable doubt instead of 1-2 hours on Bitcoin.

For investors, I think Solidcoin has the brightest future, as it does not have 85% of the coins hoarded by early miners, scammers and thieves just waiting to dump as soon as the price goes up. Any price increases in Solidcoin are going to be much more sustained.
903  Other / Beginners & Help / Re: Ruxum invites on: September 01, 2011, 11:19:06 PM
Anyone have a Ruxum invite left?

I have free invites to ruxum if anyone is interested just pm me.
904  Other / Beginners & Help / Re: britcoin problems? on: August 26, 2011, 07:34:11 PM
Serious issues with Britcoin right now, all pages frozen, can't even log in Sad
905  Economy / Marketplace / Re: SkepsiDyne Integrated Node - The Bitcoin Mining Company on: August 25, 2011, 09:48:13 PM
{'amount': 1334500000, 'assets_paid': 2304, 'payment_per_share': 579210}

Dividends have been paid out!  13.3345 BTC was paid to shareholders, and an equal amount was reinvested into the company.  17 BTC was sold to pay for operating costs ($173.79).  There were no other company expenditures.

We will most likely be back up to full capacity at the end of the next week, as everything should be sorted out by then.  I apologize for all the problems we've been having lately.  Afterwards we will look into the large investment from NetTecture (if it is still available.)  Thank you for your patience and continued support!

Yay, money! If you are going to be accepting the large investment from NetTecture, I believe you should put whatever remains of the IPO shares back onto the market.  The IPO was initially made public, and removing it from the public market (selling them privately), would lower the chances of current and future shareholders investing.

I think the problem was that NetTecture was not prepared to invest though GLBSE, and he was requiring rather more security and assurances than Tawsix was prepared to give. If he had wanted to by shares from the initial IPO he could have while they were still available.
906  Economy / Economics / Re: Silver shot up. on: August 25, 2011, 06:53:00 PM
Looks like the dip is over for both Silver and gold this afternoon, the Asian markets are buying like crazy.

I'm waiting until tomorrow to confirm $40 is a hold price, but if the price carries on rising again it's time to BUY BUY BUY.
907  Economy / Economics / Re: Monetary economics of merged mining, aux blockchains. (inflation by proxy?) on: August 25, 2011, 06:49:39 PM
The costs of mining will be shared between mining bitcoins and mining namecoins, but the value of both currencies is not only determined by difficulty but b adoption. The bigger the difference in adoption between bitcoin and namecoin, the bigger the difference in their share of the mining costs.
But bitcoin doesn't have to necessarily lose value, the difficulty can rise to include the namecoin value in the mining costs. I think that is what is going to more likely happen, since all the namecoin miners will start to mine bitcoin too.

My predictions:

1) Namecoin difficulty will rise until eventually equals bitcoin's.

2) Bitcoin difficulty will rise in the short term due to the new miners coming from the namecoin chain.

3) The bitcoin value will be equal (or higher if the increased difficulty also increases adoption).

4) The namecoin value will rise because the increase in difficulty will be huge and will increase namecoin adoption for sure.

5) The diffuculty/value of both currencies will rise.

So I don't see anything wrong with merged mining. It allows other currencies to compete with bitcoin for adoption in a symbiotic fashion (not competing for cpu/gpgpu resources). Much more healthier than miners switching from one chain to another.


1: Yes.

2: No. Total hashrate for namecoin right now is something like 30Ghash, not enough to have any kind of impact

3: No. Bitcoin value would dip somewhat as speculators traded them for namecoins, and then namecoin hoarders cashed out their bitcoins.

4: Yes.

5: No. Namecoin value would rise but not by a vast amount. Bitcoin value would fall.
908  Economy / Goods / Re: (WTS) GIGABYTE HD 5850 on: August 25, 2011, 02:43:30 PM
I hate to break it to you but it cant be considered new if the box has been opened. Also a new 5850 goes for a maximum of $185 but you have a used 5850.

If you think the price is too high, don't buy. No point wandering into a sell thread just to troll the price...

He'll soon lower the price if there is no interest at $200.
909  Economy / Economics / Re: Silver shot up. on: August 25, 2011, 12:50:18 PM
Here's the interesting part: Silver as a commodity "should" be trading at a ratio of roughly 10:1 to the price of Gold, given global conditions of supply and demand. However, since the Silver price has been destroyed recently along with stock prices, it is currently around 40:1.

Now that Silver is being treated like a precious metal and not a stock, most serious investors expect the price to come up to between 20:1 and 15:1 in the next 2-3 years and then slowly slowly make its way to 10:1, a short term gain of 100 to 200 percent and a long term gain of 400!

The thing about ratios is there's a numerator and a denominator.  We could return to those ratios without silver moving substantially to the upside.  The price of gold would just have to come down.  And as you can see over the last two days, that can happen rather quickly.

Indeed it can and has, but you'd be extremely foolish to assume that it won't bounce right back up again and continue on the steady upward path it's been treading for the past 1000 years.

The great thing about the Silver ratio is that even in a downtrend the ratio still narrows, so that when we come out of the downtrend and back into the uptrend you're stronger than ever.
910  Economy / Economics / Re: Silver shot up. on: August 25, 2011, 12:47:15 PM

Correct. I predict it will fall to below 10$. If you buy at 30$ you will catch the falling knife.


Well fair enough, although you haven't said what that prediction is based on. I assume you're just guessing.

I predict $30 as the absolute minimum price for the next 5 years at least, with $80 as the top price. This is based on historic and projected demand vs. global capacity to supply.
911  Bitcoin / Bitcoin Discussion / Re: mining viruses on: August 25, 2011, 12:36:50 PM
MSE flagged coinminer when I copied the july version of guiminer to a backup drive in preparation to install the new aug version. coinminer is not used by guiminer unless you call it specifically, and is not in the new version.

tell MSE (or whatever) it to Remove or Quarantine it and relax.. well, thats IF you found it in an old version of guiminer anyway. otherwise something tried to drop it in yer system.

Yeah bit of a false positive tbqh. Not needed for GPU mining so Quarrantine it if you like, I just "allow" it.
912  Bitcoin / Bitcoin Discussion / Re: Mental Bitcoin Wallet: I have real bitcoins stored in my head. on: August 25, 2011, 12:32:54 PM
Some people can remember a lot very accurately. I don't have the best memory myself, but I reckon I could manage a phrase or two pretty easily.

What about remembering a chapter number of a book you have and using the first paragraph?
The passphrase would be much secure.

That's quite clever. You could have "Page 3 Paragraph 5 Sentence 4" written down on a piece of paper, and even if someone found the paper they wouldn't be able to crack your password unless they knew which book you were referring to...
913  Economy / Marketplace / Re: MYBITCOIN: No access to username/password on: August 25, 2011, 10:10:10 AM
Unlucky.
914  Bitcoin / Bitcoin Discussion / Re: Mental Bitcoin Wallet: I have real bitcoins stored in my head. on: August 25, 2011, 10:05:54 AM
Mental wallets are probably the worst idea I've ever heard. There is no less reliable way to store data than a human memory other than writing it in chalk on the sidewalk. A simple memory lapse is all it takes for you to lose your coins, and you'll literally go crazy trying to remember.

And what happens if you die? Your wife / kids / girlfriend or whatever can't access your Bitcoins, they are lost forever! You have to strike a balance between absolute security and accessibility.

I think the old ways of security are often the best. If I had a significant number of Bitcoins, I'd have passwords, hashes, private keys and so on with full instructions on how to access the funds that anyone could follow both printed out on paper & stored on a couple of USB keys and locked in a safe, with backups held in a safety deposit box in a bank somewhere in case my house burned down.
915  Economy / Economics / Re: Silver shot up. on: August 24, 2011, 05:37:02 PM
Yes. Buying silver is a great idea, when it has fallen below 10$ in the next 1-3 years.

Wait what, it has fallen below 10$ in the next 1-3 years??

You're mixing past tense and future tense in the same sentence there bud.

If you're trying to say you predict it will fall below $10 in the next 3 years then I guess I can't argue, since none of us have a crystal ball which can look into the future...

However, with Fiat currency devaluing every single day, the amount of Silver in the world being finite and the cost of mining always on the increase, I can't really see it happening. If anything silver is very cheap at $40 and an absolute steal at $30.

Hang on to see where today's dip ends up and then buy buy buy!!
916  Economy / Economics / Re: Silver shot up. on: August 24, 2011, 05:33:02 PM
So, sounds like we should start buying and holding onto that silver for a few years, aye?

Absolutely.

And the timing couldn't be more perfect, prices are on a little tumble today and may carry on falling through the week, so you can pick up a bargain at the bottom and laugh your ass off at the top.

I think too many investors simply could not resist that magical $1900 mark for Gold yesterday and sold like crazy, triggering a big sell-off on both Gold and silver.

As I said before, the two prices seem to be very much linked at the moment which is a very interesting development indeed.
917  Economy / Marketplace / Re: SkepsiDyne Integrated Node - The Bitcoin Mining Company on: August 24, 2011, 03:52:14 PM
It's dividend day today Cheesy
918  Economy / Economics / Re: Silver shot up. on: August 24, 2011, 07:56:54 AM
Silver isn't ready to crash, in fact quite the opposite. Silver is under bought, and recently something historic happened.

Look at the shape of the Silver price compared to the Gold price over the past few weeks. Pretty similar huh? Now look at the Silver price compared to the Gold price over the past 6 months. Not similar at all right?

In the past, Silver has risen and fallen with stocks, and was being traded like one. It is now seen by investors as a proper precious metal commodity. Welcome to Gold 2.0!

Here's the interesting part: Silver as a commodity "should" be trading at a ratio of roughly 10:1 to the price of Gold, given global conditions of supply and demand. However, since the Silver price has been destroyed recently along with stock prices, it is currently around 40:1.

Now that Silver is being treated like a precious metal and not a stock, most serious investors expect the price to come up to between 20:1 and 15:1 in the next 2-3 years and then slowly slowly make its way to 10:1, a short term gain of 100 to 200 percent and a long term gain of 400!
919  Economy / Economics / Re: Gold: I smell a trap on: August 24, 2011, 07:42:19 AM
Gold has legs yet. The downspike we saw yesterday was merely a blip on the road to $2500. From there, who the fuck knows.

At this point the Fed is simply waiting to pull the trigger on Quantative Easing round 3, the only bullet left in their arsenal in the fight against recession. When that happens, gold will go crazy.

If you're lucky enough to sell at the peak following QE3 you'll be extremely happy. Some are saying $2500, some are saying $3500, it will be a nerve-wracking decision that may roll around as soon as November.
920  Economy / Computer hardware / Re: Custom FPGA Board for Sale! on: August 24, 2011, 01:16:02 AM
About to pre-order but have a few questions...

How does mining actually work with these? I see you need Windows for the driver, that's fine, but will it work with existing windows mining software?? Have you been able to mine with the prototypes?

Will the frimware become any more optimised do you think, or is the current quoted hash rate the most we are ever likely to get out of the devices? Can they be overclocked at all to give faster rates?

Is the FPGA reprogrammable? Do I need special cables or software to do so or can it all be done via USB?

What kind of warranty are you going to offer? This is experimental equipment so I would expect a few failures here and there...
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