So what happened with this "IPO?" It looks like less than 20% of issued shares got sold, and it's already past the last offering date.
Was the IPO overpriced?
Probably. I've pulled my buy orders until GSDPT stabilizes at the 0.0025 mark. The MPEX risk is just too high for most potential shareholders. |
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Anyone else notice this pattern?  I don't think this will continue, but do believe that there is a chance it will. Bitcoin seems to have reentered a hype cycle, but this time with faster declines than growths, but longer periods of growth. Whenever a crash happens, bringing record volume, two or three weeks of steady rallying seem to follow. |
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Yes, but $5000 will only be enough to buy a burger and a beer.
Nice. Ok how about can bitcoin break 1 oz of gold in 20 years? If someone figures out how to transmute other (cheaper) elements into gold, then it certainly could :-) These exist and have for a long time. They are not economically feasible. |
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I think people are now getting downright frightened by Pirate@40. This includes me (holding a long position against someone who potentially has 500000 BTC), many of his investors, and even some ex-supporters (Matthew?). Good on you for retrieving this valuable information.
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thats a natural phenomenom in pretty much all forms of government. when people struggle for power those that will do anything for power will eventually prevail over those that only seek power to achieve something different. but anarchy, with or without a touch of capitalism, is not the solution. imho its far better to find a form of government that distributes power more evenly, making both corruption and power for its own sake less attractive. What form of power distribution is more even than anarchy? AnCap is not anarchy. Bitcoin is not anarchy. If there is a power distribution, it isn't true anarchy. Only true anarchy avoids the problem with unfairness. Any other system is inherently unfair, but the degree it is such varies. I think you may need to review your textbook. Anarchy means no rulers. That's all. No kings, no Presidents, no Prime Ministers or Parliament. Just people. Anarchy has many different meanings. I define it as a society without states, which neither AnCap (voluntary association with a state) nor Bitcoin (miners) meet. |
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There are no addresses. Only transactions.
When you spend, you are spending a transaction that you hold the key to.
Are you sure about this? I didn't think that the wallet contained keys to transactions? I thought that the "address" was a representation of a public key, and that the private key your wallet holds is a private key to that public key(address). That transaction had previously been sent to an address that corresponds to a key you have, but the spend isn't from the address, it is from other transactions.
Explaining it this way seems likely to cause some confusion since the transactions that you can spend are transactions to addresses for which you hold the private key. This means that you can't spend a transaction unless it is to an address represented in your wallet, and as such, you are spending the "contents" of an address. This would seem to indicate that the spend is from addresses. Clients pick transactions (to be more exact, "outputs") as inputs. Each output requires a signature with the proper key. Again, the confusion is guarenteed at such a low level. That's why I propose using the simple explanation for the average user. The average Joe does not need to know what function is called when he presses the Start menu, only what it does.  |
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The Mining board suddenly shrank recently. Curious as to why, I searched for new subfora. However, the latest subforum appears to be Long-term offers. Does anyone know why over 2500 posts have disappeared?
GPUMax was moved to Services, so maybe there was more threads moved around: - http://bitcointalk.org/index.php?board=52.0That explains most of the decline, thanks! |
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Well, I have to post something in order to reach other areas of the forum, and I've been wondering about this for a while and never saw a clear explanation. Now I understand that with our wallet, we can create more receiving addresses for bitcoin transactions, but when we send bitcoins, isn't it tied to just one address regardless of how many extra addresses you have? If not, how do you send under a different address if all your bitcoins are lumped together? This is fairly confusing to me, and I never heard an explanation, at least not a simple one.
The most simple explanation is no explanation. There isn't a reason why the average user needs to know what the Bitcoin client does. That is unnecessarily confusing, and confused me greatly when I first learned about Bitcoin way back. I made this picture to show what I believe should be used in lieu of all the explanations used today: |
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The Mining board suddenly shrank recently. Curious as to why, I searched for new subfora. However, the latest subforum appears to be Long-term offers. Does anyone know why over 2500 posts have disappeared?
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thats a natural phenomenom in pretty much all forms of government. when people struggle for power those that will do anything for power will eventually prevail over those that only seek power to achieve something different. but anarchy, with or without a touch of capitalism, is not the solution. imho its far better to find a form of government that distributes power more evenly, making both corruption and power for its own sake less attractive. What form of power distribution is more even than anarchy? AnCap is not anarchy. Bitcoin is not anarchy. If there is a power distribution, it isn't true anarchy. Only true anarchy avoids the problem with unfairness. Any other system is inherently unfair, but the degree it is such varies. |
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Irrational excuses in 3...2...1...
Not on this board. BitcoinTalk is well-known for having an intelligent, thoughtful, and rational community. |
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The period there is part of the source text ie 'Synchronised with network.' so I think when translated into an RTL it will render as '.xxxxxx'
Not 100% sure though.
I am sure there will quite a number of things like that to work through, including things like mirror image icons etc. I will obviously need input from native speakers on this.
There is Arabic, Farsi and now Hebrew as RTLs in MultiBit so I will spend some background time on improving the layout. I think that is all the major RTLs now - I believe historically Chinese and Japanese could be written RTL but conventionally are LTR now.
Please note that RTL languages are encoded from beginning to end. The Arabic period is identical to the English one. If I'm not mistaken, if a period is at the end of the text, it should be moved to the left so as to stay at the end of the text. |
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Sorry but no. Anyway you are going to tell me that Libertarians are the intellectually lazy ones and that Republicans and Democrats are the ones who are really intelligent?
max keisers did not mention liberals or conservatives nor compare libertarians to them, just the statement on libertarians I think all humans are intellectually lazy and idiots. As a consequence, libertarians are all intellectually lazy and idiots. |
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The over-production/consumption that exists today is most likely due to the fact that our governments are in serious debt and the citizens are forced to repay this ridiculous, fictitious debt in the form of taxes or cut social services or what have you. So even though we are so productive, we have to continue to work ourselves literally to death so that the wealthy can eek out more profits. The wealthy are certainly taking a signifigant cut but the vast majority of the stolen productivity is going to pensioners. Those people, especially retired public sector workers, stand to lose the most if the government looses the ability to extract production from the working via the inflation tax. The wealthy are the only people who benefit from our current broken system. Pensioners are often forced to retire against their will, have most of their pensions stolen from them, and rarely if ever get pension hikes. Inflation hurts pensioners more than working people (who get pay rises). |
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So, can we send a negative amount of Bitcoins and then get a positive return?  Interestingly, someone sent a "negative" amount of BTC in the past. Because Bitcoin used unsigned integers, he received a net gain in billions of BTC, far higher than 21 million. The bug was promptly corrected. |
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Well here it is again. It is my photo and I hold the rights to it. I will take it down if Pirate asks.
This is useless. Undoubtedly, many have already saved it for potential criminal evidence. |
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Fear? Uncertainty?
And dare I even say: Doubt?
FUD found everywhere.
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Is there such a thing? It would be interesting to get together and talk about what works, what doesn't and why. I mean in terms of mining.
Is this forum not sufficient? |
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So it is thus accurate to say that I prefer 32k BTC instead of 10% of SatoshiDICE, but I would not prefer 15k BTC instead of 10% of SatoshiDICE. My investment preference only shifts to the BTC at the 32k for 10% exchange rate. Further, I wouldn’t sell another 10% for an additional 32k btc, for at that margin my preference shifts back to SD.
If some portion of the Bitcoin investment world has a matching inverse time preference to to mine, and is thus willing to pay 32k BTC for 10% of SD, then we all have a deal and the exchange is made. Otherwise, my exchange preference and that of the market do not align, and we continue on as we were.
Are you planning to call off this IPO since the second tranche is practically untouched after 24 hrs and the third one should also be released by any moment now? Seems like your conditions above (emphasis mine) are not going to be met. What price you're going to use when buying back shares? I mean, if someone is now buying in for .0034 and then you decide to cancel the IPO and buy back for .0032 there's immediate 6% loss (plus possible MPEx/GLBSE fees etc). Didn't find a clause for this when glancing over the conditions. The second IPO should succeed still. I think there is a very low chance the third would, considering how GSDPT volume has dried up and MPEX is disgusting. |
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