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561  Economy / Lending / Re: When does a Ponzi scheme end? on: August 03, 2012, 06:13:30 PM
But, failing that, I'm actually not sure why he hasn't called game over already. These weekly payouts certainly bite into his stash, and, as a rough, statistical guess, they are growing exponentially.

Because maybe, just maybe, he's legit?
562  Economy / Securities / Re: [GLBSE] Gamma Insured Pirate Pass Through on: August 03, 2012, 03:36:52 AM
No this will not be the case please read the google document provided for details Smiley
Imsaguy, will hold INeedAuserNames backings, and in the case where pirate defaults he will transfer them to me Smiley.
They will be making interest rate and there's of course a chance of a default, in this case the debt for the insurance still lies with INeedAUserName.
If both ImsaGuy and INeedAUserName defaults then, I will pay out my 5% and we will shut down (this is a VERY unlikely scenario, I highly doubt this will happen. It would take a three fold default for this scenario to happen)

Imsaguy makes his profits mostly from mining, which is why we chose him Smiley

I'd just like to confirm this.  Tonight, INAU and I executed a GPG contract that effectively bought out all EIEIO.A holdings.  Those coins can be recalled from EIEIO on a two week notice.  It gives me latitude to interact directly with DeaDTerra should INAU go missing in action.
563  Bitcoin / Pools / Re: Eligius Miners: [POLL] Proposed changes to Eligius Reward System on: August 03, 2012, 02:39:12 AM
Well, between the time EC mode started and now, lets say there were X shares submitted.  If the hash rate were still doubled, there would be 2X shares submitted now instead of X shares.  That gives X extra shares which could have resulted in lucky rounds, but instead were never submitted.  So, since history shows that 1X shares did not get us out of the rut as of now, it is possible that 2X shares could have by now.

Flawed logic.  Specifically "That gives X extra shares which could have resulted in lucky rounds, but instead were never submitted." Its just as probable they could have been unlucky.

Its not flawed. What I said is 100% accurate, although it is from the optimistic view.  The shares could have resulted in lucky rounds.  You can not deny this.  Just because they also could have been unlucky does not make my statement flawed.

You're right, it could.  So why is a vague statement like this used as support for change?
564  Bitcoin / Pools / Re: Eligius Miners: [POLL] Proposed changes to Eligius Reward System on: August 03, 2012, 02:26:25 AM
Well, between the time EC mode started and now, lets say there were X shares submitted.  If the hash rate were still doubled, there would be 2X shares submitted now instead of X shares.  That gives X extra shares which could have resulted in lucky rounds, but instead were never submitted.  So, since history shows that 1X shares did not get us out of the rut as of now, it is possible that 2X shares could have by now.

Flawed logic.  Specifically "That gives X extra shares which could have resulted in lucky rounds, but instead were never submitted." Its just as probable they could have been unlucky.
565  Economy / Computer hardware / Re: [WTS] (3), 4 x 7970 rigs (Closed Sale) on: August 03, 2012, 02:24:10 AM
This post is to make public the terms of our deal:


I am paying $3800 USD + shipping in return for three (3) complete mining rigs, each with 4x Radeon 7970.

I am garaunteed the following:

-They are all in good working condition
-no parts are currently givng you problems
-each card is stable at 1050 MHz
-rigs work upon delivery


Once I recieve delivery, seller has stated he will accept either BTC or Paypal for payment.  



Can another hero member or forum Mod acknowledge reading these terms and keep an eye on the thread?  THANKS!!

New Deal for those watching:

$4,400 including shipping plus all of the above requirements.

Quoted and witnessed.
566  Economy / Securities / Re: Imsaguy's PPT (7% starting whenever Pirate gets around to changing things.) on: August 03, 2012, 02:20:16 AM
I'm hopping on the imsaguy sub-account train. So far working with him has been very quick and responsive. But don't trust me, look at his WOT ratings!

Thank you! You're too kind. Smiley
567  Economy / Computer hardware / Re: [WTS] (3), 4 x 7970 rigs (Pending Sale) on: August 02, 2012, 07:45:51 PM
Thumb down for not running the numbers before accepting. Thumb up for admitting it publicly and giving first preference to original offerer.

I agree.  Sometimes, mistakes happen.  How you correct them is what matters.
568  Bitcoin / Pools / Re: Eligius Miners: [POLL] Proposed changes to Eligius Reward System on: August 02, 2012, 07:43:05 PM
If we maintained hashrate we could possibly have been past this stroke of bad luck by now.  Possibly not, but the odds would have been better.

-wk

Actually, no.  If the pool had been lucky,  the EC could have been paid off sooner.  Maintaining the hashrate while the the pool was unlucky wouldn't get the pool out of the rut faster.

You could also say that since the pool continues to be unlucky, the loss of hash power has been a good thing because less EC has accrued as would have otherwise.
569  Economy / Lending / Re: When does a Ponzi scheme end? on: August 02, 2012, 04:41:29 PM

Now that's more like it. I'd just wonder how Pirate knew he'd be raided a month in advance. Plus, unless everyone with access to the dead man contingency were incapacitated, the funds could still be returned.

Or the wallet.dat's are seized before the contingency can be executed.
570  Economy / Computer hardware / Re: [WTS] (3), 4 x 7970 rigs (Closed) on: August 02, 2012, 04:40:37 PM
Allright...I'm starting to get cold feet on this whole thing.  I just redid the numbers and I realized how low I gave away this whole thing for.  I'm going to have to back out.  I know it's messed up and I apologize.  I made a mistake, hate on me if you need to but it's not worth the money I could be getting out of this.

Sorry yochdog, I'll close the listing because I don't think it's fair to leave it up at this point.
571  Other / Off-topic / Re: I remember when _______ on: August 02, 2012, 04:39:56 PM
people in this forum actually got along and didn't spend their time trying to outflame one another.
572  Bitcoin / Hardware / [Archive] BFL trolling museum on: August 02, 2012, 04:31:20 PM
On another note, it's been awhile since i've checked out the pre order forms for the ASIC line. It's worth noting they lined out how one can trade in and that the Jalepeno does not come with an "internal power supply", while the SC Single and Minirig do. Does this mean that it infact will be USB powered?

That's something only BFL can answer. The fact that the Jalapeno does not state 'internal power supply' as the other products do may simply mean that it comes with an 'external' power supply (much like the current Singles do, only much smaller). We simply do not know and BFL hasn't said one way or another.

They probably haven't figured that out yet.
573  Economy / Speculation / Re: I have made a 25% return this week trading *against* the pirate on: August 02, 2012, 04:29:51 PM
very touchy guys .....

anyone would think you guys hadnt gotten your principals back out yet ..... Cheesy

We're all using smileys, none of us can be taken seriously.   Grin

 Roll Eyes
574  Bitcoin / Pools / Re: Eligius Miners: [POLL] Proposed changes to Eligius Reward System on: August 02, 2012, 04:27:12 PM

Honestly, I don't believe it would have been several months if we maintained the hash rate of the pool at the time the bad luck (orphans) started.  It was a run of orphans that was the cause of the bad luck, then half of the pool left which pretty much increases the time to pull out of the rut insanely.  CPPSBAM works against miners who leave the pool, plain and simple.  If you don't want to mine the pool and support it, then you don't get paid. Easy as that.  If you feel like supporting the pool later, then by all means "unlock" your EC.

-wk

Certainly you aren't saying that hash rate determines luck.  Otherwise, the little miners don't stand a chance.
It does play a part in how quickly the variance ("luck") swings from one extreme to the other.

I agree with that statement.  Looking at http://eligius.st/~artefact2/, hashrate appears to have dropped by about 50GH on average over the last month.  Do you happen to have any longer term graphs tucked away anywhere?
575  Economy / Speculation / Re: I have made a 25% return this week trading *against* the pirate on: August 02, 2012, 04:23:14 PM
So,Pirate says  hes consistently making 10.65% a week ........Grin

http://gifsoup.com/webroot/animatedgifs/29807_o.gif

If you're going to troll, at least learn how it insert it properly into a posting.  Img tags aren't that hard, they're in that little toolbar each time you post.  Shocked
576  Bitcoin / Pools / Re: Eligius Miners: [POLL] Proposed changes to Eligius Reward System on: August 02, 2012, 04:21:06 PM
That being said, there is also the "the bigger the block, the more likely to be orphaned" problem that lost us 6 blocks before being caught. That has been addressed for the short term (making smaller blocks) and I am working on addressing it for the long term (patching the reference implementation to minimize block propagation time regardless of transaction count).

Thank you for this.
577  Bitcoin / Pools / Re: Eligius Miners: [POLL] Proposed changes to Eligius Reward System on: August 02, 2012, 04:19:32 PM

Honestly, I don't believe it would have been several months if we maintained the hash rate of the pool at the time the bad luck (orphans) started.  It was a run of orphans that was the cause of the bad luck, then half of the pool left which pretty much increases the time to pull out of the rut insanely.  CPPSBAM works against miners who leave the pool, plain and simple.  If you don't want to mine the pool and support it, then you don't get paid. Easy as that.  If you feel like supporting the pool later, then by all means "unlock" your EC.

-wk

Certainly you aren't saying that hash rate determines luck.  Otherwise, the little miners don't stand a chance.
578  Economy / Lending / Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" on: August 02, 2012, 04:17:38 PM

Does it really bother you so much that folks point out his investment has all the characteristics of a scam?


There's a difference between saying it has the characteristics of a scam and saying it IS a scam.  Perhaps you should explain that to everyone saying it IS a ponzi vs it has the characteristics of a ponzi.
579  Bitcoin / Pools / Re: Eligius Miners: [POLL] Proposed changes to Eligius Reward System on: August 02, 2012, 09:36:26 AM
I just want to briefly clarify CPPSBAM to those who may misunderstand it.

It is a very fair system.  It keeps a fairly steady flow of reward to active miners. 

In good luck/positive buffer times, this is 100% PPS all the time. 

In bad luck times, it more hastily rewards immediately active miners in a "you can't get more out then you put in" type setup.

The goal of CPPSBAM is to curb what has happened to Eligius over the past several months where the pool hits a little bit of bad luck in SMPPS, miners get a little less on payout due to extra credit and then leaving the pool only to make the loyal miners take longer to have the buffer catch up.  CPPSBAM is specifically designed to reward the loyal miner who stays with the pool continuously.  The "disloyal" miner does not technically lose anything since they can simply mine the pool in lucky times for a quick payout of all extra credit they have.

-wk

several months isn't 'a little bit of bad luck'.  perhaps something is broken and that should be addressed before changing the payout system?
580  Economy / Speculation / Re: I have made a 25% return this week trading *against* the pirate on: August 02, 2012, 08:50:29 AM
To be honest, all this would make a lovely story. Man runs a big scheme to have as many bitcoins under his control as possible... When he can no longer keep it running he makes a post saying that he defaults, then destroys all the keys to his coins and any other form of access, and kills himself. I believe that if he only destroyed access to the coins, would this truly have a permanent effect on the bitcoin economy as a whole, the suicide would just be the icing on the cake.

I'm in no way suggesting that I would enjoy or benefit from this happening... I just have a dark and twisted mind. Please don't kill yourself Pirate. Oh and don't run away with everyone's money either.

Reeses, is that you?
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