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3301
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Economy / Gambling / Re: SealsWithClubs - Monday Rebuy 5BTC added
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on: September 19, 2011, 06:24:15 AM
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Keep 'em coming!
Will do. Monday 9pm EDT is a 5BTC added rebuy tourney. 0.1BTC to enter and rebuy. The first weekly krill race has begun, the top 20 ring game players will get prizes this week. |
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3302
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Bitcoin / Bitcoin Discussion / Re: I am questioning whether if we should be calling Bitcoins by their name...
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on: September 18, 2011, 08:33:38 PM
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Another practical point is that there is not one exchange rate even to dollars, different places have different prices even in equilibrium because of the difficulty or ease of getting your money. Not to mention having the devs pick an exchange to tie the client to is ridiculous.
Now I'm sure at some point there will be an exchange that tells you the amount of whatever currency you could get for your coins and have a one click button to do it. Maybe there will even be a desktop program connected to an exchange that will tell you how much of their cash you could get for the bitcoins of yours that you are still holding at this second.
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3304
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Bitcoin / Development & Technical Discussion / Re: Recycle lost coins
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on: September 18, 2011, 08:17:26 AM
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I am convinced that there is a probability that over the long term, in order to keep the block chain from being a mandatory zillion terabyte download, the block chain will be managed by signed checkpoints (call them "superblocks") that simply summarize all of the account balances beforehand so that clients don't have to download and maintain everything from the genesis block to the current just to sell sodapop and bubblegum. If that ever comes to be, I could see a policy for "superblocks" of dumping old account balances of 0.01 or 0.001 or smaller, perhaps the threshold also takes the age into account, simply so that they don't consume more resources to track than they're worth.
As long as every user must download the whole block chain and dedicate disk space to keeping track of every time joe miner received a payout of 0.00125134 from a mining pool as it is now, it doesn't serve any useful purpose to void any small transactions.
the main thing i am trying to "fix" is the extreme uneven distribution of currency. this would only ever be a temporary fix. (i.e even if you 'fixed' this same problem in USD for example, 80% of the dosh would gravitate back to 20% of the people anyway) Seriously, if you want to keep even distribution just spread it out evenly and stop having transactions at all. |
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3305
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Economy / Gambling / Re: SealsWithClubs - Sunday Freeroll 3.9BTC
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on: September 18, 2011, 06:18:51 AM
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The 20 top players for the week (Monday to Sunday) will get bonus chips.
Prizes in chips (bitmills) are:
1st : 5000
2nd : 3000
3rd : 2000
4th : 1500
5th - 7th : 1000
8th - 10th : 750
11th - 15th : 500
16th - 20th : 200
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3306
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Bitcoin / Bitcoin Discussion / Re: When will Bitcoin mining go from 7200 bitcoins a day to 3600 a day?
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on: September 18, 2011, 12:53:15 AM
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Block 210000.
That's in 64.3k blocks, so at 6*24 = 144 blocks/day, we'll be there in about 450 days or ~15 months.
So December 2012 is a accurate estimation then. Lol, coincidence, I think not. If you google it you will see that most people quote different months. That is a LOL Have you lost fiat money on Bitcoins? I got rid of (most of) my fiat if that's what you mean. But I don't think it was 'lost'. So you are (almost) fully invested in BTC? If so, what do you think of the last months downturn? When will it return up? I have some gold so that if bitcoin is somehow destroyed I don't have to get a job the same month. Cash is just something I need to convert to for a little while it isn't any kind of investment. I got rid of my IRA that held mutual funds a while back, I don't have any "in system" assets now. At $15 I thought it was about to go up. At $11 I was pretty sure it was time. At $8 I knew we were at the bottom. And now I glad to say that I'm positive the lows are in, for whatever that's worth. At these levels I'd like a little bit of leverage. Some $10 NOV options from a trustworthy source would be a great investment imo. |
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3309
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Bitcoin / Bitcoin Discussion / Re: Bitcoin comeback index
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on: September 17, 2011, 10:24:08 PM
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We must have some index that shows BTC amount entering into exchange from the distant past.
For example, I would like to see how much of BTC that are 1 year old entering into transactions today.
Something like:
SELECT SUM(BTC) FROM CurrBlock WHERE TX_Previous_output_dt < NOW() - INTERVAL x MONTH
Search for "Bitcoin Days Destroyed" |
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3310
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Bitcoin / Bitcoin Discussion / Re: When will Bitcoin mining go from 7200 bitcoins a day to 3600 a day?
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on: September 17, 2011, 06:18:40 PM
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Block 210000.
That's in 64.3k blocks, so at 6*24 = 144 blocks/day, we'll be there in about 450 days or ~15 months.
So December 2012 is a accurate estimation then. Lol, coincidence, I think not. If you google it you will see that most people quote different months. That is a LOL Have you lost fiat money on Bitcoins? I got rid of (most of) my fiat if that's what you mean. But I don't think it was 'lost'. |
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3313
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Other / Meta / Re: Make the Marketplace the Most Exclusive Subforum?
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on: September 17, 2011, 05:58:17 PM
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You might be right, it would raise the cost of the scam, but it might make the payoff greater with a false sense of security.
This is not the right place for the thread. If talking about the rules of a forum is not Meta then what is?
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3314
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Other / Meta / Re: Make the Marketplace the Most Exclusive Subforum?
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on: September 17, 2011, 05:36:55 PM
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Number of post is a terrible proxy. Plus is gives incentives to make throw away posts.
I'm all for exclusivity in the marketplace, but not with some easy to game metric.
Maybe do people with 200 or more now and whitelist others manuall.
Also manual removal so that people who make Meta threads in the wrong place can't post here anymore.
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3316
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Bitcoin / Bitcoin Discussion / Re: Unknown National Chain Restaurant to Accept Bitcoin This Weekend
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on: September 17, 2011, 05:33:29 AM
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Are you aware of the script capabilities in bitcoin? They will enable transactions of the sort that require say 3 out of 5 signature to spend funds. This is exactly what is needed in a corporate accounting context. This same capability can also be used for multi-factor authentication to protect high value wallets. I believe Gavin and other core developers are doing work to enable these capabilities as we speak.
I have not heard of this. I will definitely look into it. Sounds like just what is needed to bring Bitcoin to the big time. Oh yeah, it is sick awesome. I want some [A and B] or C action please. |
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3317
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Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is not a currency and has no backing (yet?)
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on: September 17, 2011, 05:31:16 AM
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I do all my accounting for both of my businesses in bitcoin. I am literally using it as a unit of account. And not because I'm some kind if stubborn idiot. All of the money I have to invest and all of my revenue and most of my expenses are set in Bitcoin.
Nice. So are the expenses fixed and not subject to any exchange rate? I think that paying as much of expenses as possible in Bitcoins is one of the things that can really make it a currency. One area where I already see this being done a lot is domains, hosting etc. Some costs are dollar. I don't know what you consider this though: I emailed about an ad, got a price in dollars, said "can I pay in bitcoin. is X BTC good?" they said yes. Is that bitcoin or dollar? I never intended to give dollars and I am not committing to paying any dollars in the future. In this case I didn't commit to paying future bitcoins either, but in other cases I have. I have one ongoing dollar denominated cost, settled in bitcoins weekly. My other venture which is mostly on autopilot now was 100% bitcoin costs, and no revenue (yet). |
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3318
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Economy / Gambling / Re: Where are the poker players?
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on: September 17, 2011, 04:43:54 AM
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Might have to try my luck.
You should try seals first. I send you some chips if you ask at my table, I'm playing now. Freemoney there also. Playing at your website is pretty un-professional. So if we want to play HU I guess it'll be at betco? Looking forward to playing you in the WCOBP though. |
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3319
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Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is not a currency and has no backing (yet?)
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on: September 17, 2011, 04:39:02 AM
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I do all my accounting for both of my businesses in bitcoin. I am literally using it as a unit of account. And not because I'm some kind if stubborn idiot. All of the money I have to invest and all of my revenue and most of my expenses are set in Bitcoin.
I think you were trying to say that it isn't your unit of account.
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