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1041  Economy / Economics / Re: How could wages in Bitcoin work? on: February 04, 2013, 02:14:10 PM
I see no reason why labour unions and employers cannot switch roles.

A labour union and an employer are in a symbiotic relationship. Both benefit from the jobs offered by the employer and accepted by the labour union. Just as the union can decide to go on strike now, which harms both union and employer, the employer can "go on strike" by shutting down—harming both parties.

With a volatile value like Bitcoin's, negotiation will have to occur eventually—by both sides. Both the labour union and the employer have the option of going on strike if the other does not agree to negotiate.
1042  Economy / Auctions / Re: Sell your Signature! on: February 03, 2013, 04:07:48 PM
Signature has been updated.
1043  Economy / Speculation / Re: Yet another analyst :) on: February 03, 2013, 01:06:01 AM
And 73.12% of statistic reports are taken from sky.

1. Read up on the efficient-market hypothesis.
2. Decide if you agree with the hypothesis as a reasonable approximation of reality.
3. Use mathematics to calculate statistics.

I'm not trying to advance a particularly bullish or bearish sentiment here. But if you claim that the statistics are false, there are only three reasons why:

  • You reject the efficient-market hypothesis applied to Bitcoin. That is, you believe Bitcoin is not an efficient market.
  • You have access to insider information that the rest of the market does not have.
  • You are mistaken.

The first is definitely more likely, and I understand if that is your viewpoint. This is where I would disagree: I believe an efficient market approximates our market quite well.
1044  Economy / Speculation / Re: Yet another analyst :) on: February 03, 2013, 12:50:34 AM
We can't assume the free market is efficient, but it should be an approximation of an efficient market. As a consequence, from the current value of 19.6, 100 is almost twice as likely to be touched before 2.

A few more stats using the efficient-market hypothesis:
  • The chance of touching 2 before 190 is almost exactly 50%
  • The chance of touching 100 before 3.75 is almost exactly 50%
1045  Bitcoin / Mining / Re: "Free electricity" for "everyone" on: February 03, 2013, 12:13:14 AM
The only reason they are able to provide cheap, unmetered rental is because people generally are ethical enough not to waste electricity. Doing so is spoiling it for everyone.

This idea is, quite frankly, appalling.
1046  Economy / Auctions / Re: Sell your Signature! on: February 02, 2013, 11:34:49 PM
1.0 BTC.
1047  Bitcoin / Meetups / Re: Any interest in the Waterloo, Ontario, Canada area? on: February 02, 2013, 11:20:49 PM
Bump.

I'm in Waterloo.
1048  Other / Beginners & Help / Re: Organizing local bitcoin usage - bitcoin communities on: February 02, 2013, 10:40:05 PM
Sure. Here's my suggestion:

Step 1: BitcoinTalk
Go to this board's Meetups section and post a new topic like such:

This will allow you to judge the level of interest in your area. After replies come in, you can join others in your area for a physical meetup in a public place nearby.

Step 2: LocalBitcoins
Go to LocalBitcoins and either place an order or accept someone else's. Find a place to meet up with them to finish the business. While doing business, talk about Bitcoin and the local area.

Step 3: Found a collective
Find a public park nearby and invite some of the people you met to discuss making a local collective. Make sure to spread the news through bulletin boards like this one and through signs on signage, etc.

Step 4: Tell your friends
We all have meatspace friends, and they are probably going to be more receptive of your interests than others in the area. Once your friends are aware of Bitcoin, you can have them join the collective.

Step 5: Tell small business owners
While inviting someone to lunch, to the movies, bowling, or something else to that effect, choose smaller businesses. Ask them, "do you accept Bitcoin?". If they ask further, explain in person and give them a member of the collective's email to learn more.

Step 6: Organize a local Bitcoin district
When some small businesses have committed to accepting Bitcoin, it's time to reap the fruits of your labour. Make your intentions of a local Bitcoin district public. Put up signs advertising the merits of accepting Bitcoin. Convince friends to endorse and go to stores that accept Bitcoin, and while there, pay with Bitcoin. Eventually, others will be begging to accept this new currency.
1049  Bitcoin / Hardware / Re: New Drama from BitcoinASIC on: February 02, 2013, 05:48:03 PM
Well if ths was real and my BTC refund money could be reapplied to getting one of these(for damn sure)... I would take that offer =)

At this point I'll believe anything, even if it involves Can-Electric Asain Overlords. A Strange Brew indeed.

Asian-Canadians residing in Iraq but under the jurisdiction of New York law? Me gusta.
1050  Bitcoin / Hardware / Re: New Drama from BitcoinASIC on: February 02, 2013, 04:57:59 AM
Quote
Ayinda 1 city- Block G, No.21 Erbil/Iraq
P: +964 750 344 6566
Is this a "Canadian" company?
1051  Bitcoin / Press / Re: 2013-02-01 CalvinAyre.com - Why Bitcoin Can No Longer Be Ignored on: February 02, 2013, 03:59:37 AM
Quite favorable, I wonder who wrote it?  Wink

We all know. Just use your name; "BitCoin Fan" sounds weird.
1052  Bitcoin / Hardware / Re: New Drama from BitcoinASIC on: February 01, 2013, 05:48:31 AM
I just wonder when will AMD join the game...  Their stock performance is miserable, this might be the chance to turn the tide for the company, they could easily produce the most advanced ASIC devices using their 40nm process and very mature cooling solution, then we will back to the old gpu mining era  Grin Grin

Like, 0.1% of their GPU sales are for mining. The market isn't big enough for AMD ASIC yet.
1053  Bitcoin / Hardware / Re: Avalon is (unfortunately) a scam. Here is why. on: February 01, 2013, 05:45:12 AM
If it is a scam it's a really really good one.

They had to get Bitcoin Foundation into the scam. So that's the entire core developer team, BitInstant, Mt. Gox, and a whole lot more. Wow.
1054  Bitcoin / Bitcoin Discussion / Re: They are real: The Bitcoin Foundation Opens Up Avalon’s First ASIC on: February 01, 2013, 05:13:14 AM
Off by a single order of magnitude. The correct math should be: one third of one tenth of one percent.

89 / 24,500 [current network estimate from bitcoincharts.com] = 0.0036.  x 100 = 0.36%.  So two orders of magnitude.  One third of one percent.

Ah, that's embarrassing.  Embarrassed
1055  Bitcoin / Bitcoin Discussion / Re: They are real: The Bitcoin Foundation Opens Up Avalon’s First ASIC on: February 01, 2013, 05:08:15 AM
Whatever pool you aim this at is definitely going to notice it, but for the network at large it is a single Avalon Asic is still roughly one third of one hundredth of one percent of the bitcoin network's hashing power or a bit less.

Or in other words, on average, a solo mining Avalon ASIC should find a block once every 2 days, 4 hours at current difficulty.



Which is awesome, but just a couple aren't going to spike the network into a steep incline as long as the avalon release continues to ship steadily, probably at least a few days before there is a noticeable impact

Maths gurus: how slowly would 89GH have to switch in and out of the network for it to be visible above the hash-rate noise floor?

I wanna see glitches on bitcoincharts or it didn't happen! Wink

Whatever pool you aim this at is definitely going to notice it, but for the network at large it is a single Avalon Asic is still roughly one third of one hundredth of one percent of the bitcoin network's hashing power or a bit less.
Your maths is incorrect by a couple orders of magnitude.

I just roughly divided 25 trillion by 80 billion (I think it was a few hours ago).

Off by a single order of magnitude. The correct math should be: one third of one tenth of one percent.
1056  Bitcoin / Hardware / Re: New Drama from BitcoinASIC on: February 01, 2013, 04:34:00 AM
Wall of text with no line breaks. Poor html hack together. Spelling errors. Grammar errors. Bashing the competition. Totally vague about who they really are. Claiming Tom is permanently out. Claiming they can throw together a FPGA hardcopy with Tom's 4x4=16 chip board (adapted to a 5x5=25 chip board, I'm assuming?), and be shipping "Before BFL", which I take to mean March '13. 30 days. Really?

My favorite part:
Quote
The sheer unprofessionalism of the supossid leaders in this industry is down right appaling talking about Bitcoin in general it's mind boggling - how these companies like BFL and bASIC can just string their customers along for months and no one comes out with anything better.

Either Tom got drunk again, and started posting shit, or bASIC is screwed worse than they were before.
"Before BFL" is used figuratively. It means, "before the heat death of the universe".
1057  Bitcoin / Mining speculation / Re: I see no sudden increase in total network hashrate. on: February 01, 2013, 04:29:05 AM


yep

i thought they only shipped like 60 units, right?

so either someone else made some asics, or that's mostly GPU mining 'cause the price is at $20, with a few ASICs thrown in
60 * 66 Gh/s = ~4 Th/s

The ASICs would explain the bulk of the rise.
1058  Bitcoin / Hardware / Re: New Drama from BitcoinASIC on: February 01, 2013, 04:03:33 AM
Apparently a "huge corporate electronics manufacturer" has resorted to libel and is now attacking BFL, bASIC, and Avalon—all at once. And to add to the word power, look at their excellent spelling!

  • anyway
  • devision
  • givin
  • its
  • saleries
  • setup
  • months
  • supossid
  • disapation
  • longetivity
  • cleaver
  • none sense
  • un revealed
  • conman
1059  Other / Meta / Re: dree12 how are you replying? thanks for rss tip on: February 01, 2013, 03:46:41 AM
Use this link:
https://bitcointalk.org/index.php?action=post;topic=XXXXXX

Just replace XXXXXX with the correct topic id.
1060  Other / Off-topic / Re: Hypersexuality on: February 01, 2013, 03:44:00 AM
http://en.wikipedia.org/wiki/Hypersexuality

Hypersexuality is extremely frequent or suddenly increased sexual urges or sexual activity. Although hypersexuality can be caused by some medical conditions or medications, in most cases the cause is unknown...

That doesn't mean that it's a good thing for relationships. Any hypersexuality is bad.
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