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581
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Other / Beginners & Help / Re: What is a "signed int"?
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on: July 02, 2013, 08:22:00 PM
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Try this one geeks... There are 10 kinds of people, those that understand binary, and those that don't.  Wouldn't that be 4 kinds of people? 10 in binary is equivalent to decimal 2 100 in binary is equivalent to decimal 4 LOL, I guess you missed it. Please explain, because I'm still missing it. Unless you are being a grammar nazi and viewing it as a list of 3 items instead of a clause followed by a list of two items because of the usage of a comma rather than a colon. If that's it then you should work on your comedy. If that's not it, you should still work on your comedy since it needs explanation. Meh... Ok It was the irrelevance of the number itself. 10 kinds of people, etc... at first glance you divide 5 get it, 5 don't get it. Same with 4, 2 get it, 2 don't get it. Better yet would be: There is 1 kind of person that gets binary, the one that does and the one that doesn't. My personal take on this joke: There is 1 type of person in this world: those who expected a different joke. |
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582
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Economy / Speculation / Re: Looks more and more like a 2011 repeat
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on: July 01, 2013, 02:21:22 PM
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Both Google trends and forum activity are lagging indicators. Quite nice to picture the current situation, and to compare "today" with "yesterday", but complete useless anything else.
All data are lagging indicators. All. So you are saying data is useless? You got it wrong. Those indicators are lagging (and useless to predict future price) because both forum activity and Google searches are driven by price, and not the other way around. Pray-tell... Why would higher price increase forum activity? I think the theory is that it would increase forum activity for the same reasons it would increase Google searches. If more people are interested enough to Google search it then why wouldn't those same underlying factors not also drive more people to satiate their inquiries through posting/viewing on these forums? And why does it increase Google searches? I'm not saying it does, however it does seem likely when you look at the correlation between search metrics and price history. Assuming it does some guesses: - increased media attention puts it at the forefront of attention for some people causing them to search for to see what other related news they might have missed out on. - coin holders now have to potential reasons to sell their coins (or buy if they think the up trend continues) which leads them to search or discuss state of affairs and options on the forums. - people following and believers of bitcoins have increased reason to discuss bitcoins with others. Whether to gloat or give investment advice or whatever. - probably a ton more I can't of off the top of my head. What about the converse? Bitcoin is at the forefront of attention; thus: - Search volume for Bitcoin drives more buyers into the market, fuelling price increases.
- Speculators react to increased search volume and media coverage, further fuelling price increases.
- High search volume drives media attention to Bitcoin, creating media coverage which continues to fuel price increases.
I find this more likely, as I don't see why a high price alone will drive media attention to Bitcoin. |
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583
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Other / Beginners & Help / Re: Network Power?
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on: June 30, 2013, 10:47:13 PM
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Yes, it is a direct mathematical conversion of the network hash rate to a controversial FLOPS number. This tries to estimate the equivalent rate. Like I said the conversion is controversial.
It's probably a gross overestimate. ASICs are incapable of producing FLOs at all, so generate 0 FLOPS. Considering that they make up more than half of the network, the FLOPS equivalent of Bitcoin is likely much lower than estimated. |
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584
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Other / Meta / Thread pages list
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on: June 30, 2013, 10:42:39 PM
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The way thread pages work now is thus: Pages: 1 ... 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 [311] 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 ... 458
This is difficult to use in especially long threads. For example, when hopping 200 pages at a time, this is clumsy and annoying. The few lines of text that were there before, although possibly ugly, were useful. This is not. Currently, one must manually add 4000 to the URL, rather than simply finding the page they are interested in. I request a reversion to the original method of laying out pages. |
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586
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Bitcoin / Press / Re: POST FORMAT: YYYY-MM-DD - SITE - HEADLINE
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on: June 30, 2013, 10:28:04 PM
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Please use the title formatting described when posting new links here. Adapt if needed, use your own judgement. Please always include date and source.
Maybe someone can sticky this, I don't think people read the posting guidelines...
The suggested format shouldn't have a hyphen between DATE and SITE. i.e., should be: YYYY-MM-DD SITE - HEADLINE example 2013-06-30 Forbes.com Awesome Bitcoin Article And for those wondering why this is a big deal, ... if the posts are formatted this way, then a link can be used to see new articles sorted chronologically: - http://bitcointalk.org/index.php?board=77.0;sort=first_post;desc Posts need not be formatted that way for said link to work. |
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587
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Economy / Speculation / Re: Looks more and more like a 2011 repeat
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on: June 30, 2013, 07:22:24 PM
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Both Google trends and forum activity are lagging indicators. Quite nice to picture the current situation, and to compare "today" with "yesterday", but complete useless anything else.
All data are lagging indicators. All. So you are saying data is useless? You got it wrong. Those indicators are lagging (and useless to predict future price) because both forum activity and Google searches are driven by price, and not the other way around. Pray-tell... Why would higher price increase forum activity? I think the theory is that it would increase forum activity for the same reasons it would increase Google searches. If more people are interested enough to Google search it then why wouldn't those same underlying factors not also drive more people to satiate their inquiries through posting/viewing on these forums? And why does it increase Google searches? |
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591
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Economy / Speculation / Re: Looks more and more like a 2011 repeat
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on: June 30, 2013, 05:23:50 PM
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Both Google trends and forum activity are lagging indicators. Quite nice to picture the current situation, and to compare "today" with "yesterday", but complete useless anything else.
All data are lagging indicators. All. So you are saying data is useless? You got it wrong. Those indicators are lagging (and useless to predict future price) because both forum activity and Google searches are driven by price, and not the other way around. Pray-tell... Why would higher price increase forum activity? |
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592
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Bitcoin / Bitcoin Discussion / Re: BitCoins for Lebron James.
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on: June 30, 2013, 05:15:09 PM
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Does King James have a wallet we can send bitcoin tips to?
Don't we wish  No, I'm sure celebrities (except the Harvard twins) have no care nor desire for what bitcoin is. They already "made it" on fiat alone. NO NO, I think that poor folks and technophiles are the only ones aware of XBT. Oh and of course those silly pretentious bankers going "pish posh poppycock XBT! A scammer scoundrel's Fantasy!" I could be wrong tho...Give us your wallet address LEBRON! Bitcoin isn't a way to "make it", and I seriously hope it stays that way. Bitcoin has many uses; "get rich quick scheme" should not be one of them. |
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594
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is under attack - here's how to fight it
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on: June 24, 2013, 01:40:06 PM
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Flood the world with Bitcoin-ish currencies.
Not Bitcoins themselves - that can't be done - but other crypto currencies. The way to do that is to make it as easy as possible for people to start their own currency with it's own genesis block, that will play nicely with others and, of course, Bitcoin itself.
Yes, I know Multicoin has taken a few steps in that direction, but what we really need is a turn key solution so anybody can do it.
The utopian solution would be for the Bitcoin client itself to have an option 'Start your own currency' that will accept a currency name, a starting statement, a time-between-blocks argument, a blocks-per-difficulty argument, etc.
When done, it would automatically create the genesis block and wallet in a new directory and start mining.
Also, there will be a way to let others just get the particulars and begin using the new currency, if they so choose.
This will cause a new problem, a million little idiot currencies, but it will swamp the people trying to destroy Bitcoin, so we will have traded a potentially fatal problem for an annoyance.
NO.The way to fight it is to stop using alternate currencies. Use Bitcoin instead. Spend it, accept it, etc. Unite all currencies together, show governments that Bitcoin can't be stopped, and we can restore alternative cryptocurrencies once the crisis is over. United we stand, divided we fall. |
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595
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Bitcoin / Hardware / Re: Can KNCMiner really deliver 28 nanometers?
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on: June 17, 2013, 03:23:58 AM
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People like to use OSRoC involvement as a reason why Kncminer is legit and going to do what they say they are. I agree they are likely making an ASIC and not a complete scam, however their promises of shipping time and power consumption seem like they'll be hard to keep.
Anyone that thinks that BFL didn't use an ASIC design company as reputable (or more reputable) than OSRoC is fooling themselves. Also, kncminer is using newer tech than BFL, which is more difficult to design and develop. Both companies are using newer tech than ASICMINER / Avalon and both companies are going to run into their share of complications. Except you just haven't seen the complications that Kncminer will run into yet because they're just getting started... they will come IMO.
Except for all of those companies, these were the first ASICs they'd ever made/ordered. Only BFL had some experience with FPGAs, and that doesn't necessarily copy directly over to ASICs. Are you sure BFL used a design company? Explain the power problems then. Any seasoned ASIC company has lots of experience avoiding the common pitfalls in producing designs the BFL apparently fell into. Orsoc by contrast, it's their business to produce these things. I agree they'll look like geniuses if they pull this off. But is it outside the realm of possibility for them to deliver? Nope. They'd just have to be extremely professional to pull this off. Are they? Seemingly they are. Now it's just a matter of waiting upon execution and seeing if they deliver. Avalon also has experience with FPGA technology. |
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596
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Economy / Speculation / Re: Top 20 days for Bitcoin
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on: June 10, 2013, 07:48:43 PM
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I feel like this metric could use another visit.
yes please. but it would all be days in april right Yeah. The metric stopped being useful as soon as we started setting all-time highs with every day, and it also isn't useful when we're in a downtrend. But here it is anyways. It won't be needing an update for a while yet. 1. 2013-04-09 W. Avg: 214.67 2. 2013-04-10 W. Avg: 184.65 3. 2013-04-08 W. Avg: 181.49 4. 2013-04-11 W. Avg: 158.93 5. 2013-04-07 W. Avg: 154.26 6. 2013-04-24 W. Avg: 152.07 7. 2013-04-25 W. Avg: 143.07 8. 2013-04-29 W. Avg: 142.25 9. 2013-04-06 W. Avg: 142.16 10. 2013-04-30 W. Avg: 139.87 11. 2013-04-05 W. Avg: 139.22
12. 2013-04-23 W. Avg: 134.63
13. 2013-05-26 W. Avg: 134.02
14. 2013-04-28 W. Avg: 133.17
15. 2013-04-26 W. Avg: 132.25
16. 2013-04-04 W. Avg: 131.61
17. 2013-04-27 W. Avg: 131.18
18. 2013-05-25 W. Avg: 130.87
19. 2013-05-29 W. Avg: 130.37
20. 2013-05-24 W. Avg: 129.85 |
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597
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Economy / Services / Re: [BOUNTY] - Bugs at the Kraken.com Exchange
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on: June 10, 2013, 07:43:20 PM
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- A positive or negative number in the basic screen could be confusing. With a plus or minus sign, the order is treated as a relative order. However, the description still reads "+XXX". This would be better if it were "market+XXX".
dree, could you elaborate on this one - I'm not following. Not sure what you mean by the "basic screen." On the order details page, you see this text: buy 1.00000000 BTCUSD @ limit +105.20508
This might be confusing, as the order is actually buying at 210! Instead, the text could be changed to: buy 1.00000000 BTCUSD @ market +105.20508
This makes it clear that the 105.20508 is relative and not absolute. |
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598
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Bitcoin / Bitcoin Discussion / Re: Why I'm switching to mXBT — and why you should too
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on: June 04, 2013, 11:55:24 PM
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The " mill" is perfectly acceptable as a short form for mXBT. If millibitcoin or bitmill are too difficult to say, simply using "mill" is enough. (e.g. in Europe, they sometimes say cent instead of eurocent). The "bit" is obtuse and is a neologism. This is compounded by disagreement as to what "bit" means, as some argue it should be the nonsensical 0.0001 unit. Moreover, "bit" is already used to measure information—this will cause confusion when quoting prices for internet connections ("5 Gb/s for only 3 bits/month"). |
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600
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Economy / Speculation / Re: Growth is slowing
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on: May 31, 2013, 09:51:14 PM
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Good point. It's kinda hard to determine which term length is the right one though. Should all history necessarily be considered? If not, what part of it is relevant? I'm not completely sure.
The answer is none of it. You can't predict future price that way. Well, maybe YOU can't.  TA is still fun and there is tons of empirical evidence that its fruits, when properly backtested, can provide steady profits. Even if said evidence did not exist, people would still do it if they acquire enough enjoyment from the activity. No matter how much you tell people "you can't" about ANYTHING, there will always be at least someone who will attempt to do that thing. Indeed. Those who doubt TA's applicability often stand behind the myth that one cannot "predict the future". Yet, we do it all the time. I can tell you exactly what day this solar eclipse will be on, for instance. Some things are harder to predict than others, but like everything that isn't quantum they are still predictable. |
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