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That would make Bitcoin worth 1.2 trillion. About the GDP of Mexico, whereas now we are about the size of North Korea...
Seems plausible, it could also be worth 0 though
Damn, then we are on the way up.... Bitcoin is worth a shitload more than Mexico  |
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pulling my hair out for selling at 200
I've sold one for $120  Sold ~3 for 300 back a few months ago. That was the last big sale I made. I mine my coins though, and even though I do believe in bitcoin long term, need money for Christmas  Just to add, I got $300 for like 0.51 coins today. I do like where we are heading. Now if only I still had the 250 I sold for $1000 last year. .... |
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How is that a correction when we were at that same price point yesterday (500-600)?
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Because if you sell on Gox, the only way to get cash out is to wait 6+ weeks. It is a big cash tap right now and everyone is losing.
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Still no money from Gox. If I don't see it in a week. I am asking them to credit it back to my account. I will never use Gox again.
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Good luck, not only will I be up to 6 weeks on Tuesday. They refuse to give me any real status on it and keep giving me the same canned response.
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Tuesday will be 5 weeks of waiting for my withdrawal. Meanwhile the price had risen over $20/coin so if I get my cash credited back to my gox account, I will have to suffer a large loss due to differences in exchange rate. They are a bunch of crooks and the inability to withdrawal is the only reason their price is currently rising (while everyone else stays the same.
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We've been in hard development for approximately six months. We're now we're in the final stage of the process which is wafer start at the foundry. However, we aren't shipping anytime soon. This is a Pre-Order product, so if you're uncomfortable waiting an indeterminate length of time for the final phase of development, do NOT pre-order this product.With that in mind, our current schedule is on track for shippments towards end of year. I love this one. .. 6 months ago they say! They didn't even have their first set bumped by then let alone packaged and tested |
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Wow, they can still make a pretty web page |
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Going to hold off for the 400pm announcement, will be just as believable. "120 Thash/s only $13000" delivery guaranteed for early 2019. Be the first to preorder now!
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Available slots only works for just so long, and then you MUST adjust it. Minimal fees are fine as long as the network continues to grow and flourish. If you are collecting 0.2 - 0.5 BTC per block in fees right now that is GREAT!!! Because if the network increases 100fold that could rise to 20 - 50 BTC per block. I know there are other factors to consider, but I am hoping that in 16 - 20 years (yes I'm not looking at tomorrow or next year or two) Our reward for solving a block will be higher than the 50 BTC we started with.
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The Fork on Monday night was not the result of a bug. It was Greed.
Its a serious issue. One that can not be fixed by cramming more transactions into each block. Every time we make Blocks bigger fees get lower. In the long run many many years
from today When block rewards are virtually nonexistent we will need those fees to pay the miners.
How long before some one spins off a clone of SatosihiDice? Their will me others. The block chain spam or SD spam as many call it will just grow.
The Block chain is growing to fast. And the actions of major pools in the last week have been abhorrent. It is not your Right to just pull numbers out of your ass and decree the size of the block header.
Shame on you all.
Um, pretty sure that making the blocks bigger just allows for more room to fit transactions allowing you to collect MORE fees. As long as more operators only accept transactions with a minimum fee, then we all win. I always include a fee with my tx either .01 or .005 Multiply those by 10000+ tx and you will see what you could be missing in a few years when the network really takes off. We are really just in out infancy. Also even if you adjust the minimum fee somehow to account for the rise in bitcoin price, you will still be winning because more people will likely pay it and you will collect more. |
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Also, I'm afraid it's very easy to say "just test for longer" but the reason we started generating larger blocks is that we ran out of time. We ran out of block space and transactions started stacking up and not confirming (ie, Bitcoin broke for a lot of its users). Rolling back to the smaller blocks simply puts us out of the frying pan and back into the fire.
We are only in this situation because ONE source application is flooding the network with low fee transactions. That source application is abusing the Bitcoin network as a messaging system because it helps their business model run just slightly more conveniently for them. .....
1dicegEAr 56000 0.85449 | 62398 | 52977 (0.85686) | 8850 | 571 | 77209.45 | 76593.02 | 400.54 | 616.42 | 99.202
1diceDCd2 60000 0.91553 | 95911 | 87374 (0.91620) | 7992 | 545 | 70581.58 | 69778.98 | 0.50 | 802.59 | 98.863
1dice9wVt 64000 0.97656 | 16558 | 15147 (0.97956) | 316 | 1095 | 23993.71 | 23581.20 | 240.19 | 412.51 | 98.281
----------------------------------------------------------------------------------------------------------------------------------------------
small (bets < 4 BTC) | 3522656 | 1452152 | 2054095 | 16409 | 766592.38 | 752057.27 | 261.23 | 14535.10 | 98.104
big (bets >= 4 BTC) | 114417 | 52348 | 61777 | 292 | 2635378.11 | 2579381.45 | 23628.70 | 55996.66 | 97.875
----------------------------------------------------------------------------------------------------------------------------------------------
| 3637073 | 1504500 | 2115872 | 16701 | 3401970.49 | 3331438.72 | 23889.93 | 70531.76 | 97.927
----------------------------------------------------------------------------------------------------------------------------------------------
SD Profit before fees: 70531.76560380 BTC (2.073%)
Cumulative Fees Paid: 2837.93797500 BTC
SD Profit after fees: 67693.82762880 BTC (1.990%)
Pending Liabilities: -74.93245984 BTC
Final SD Profit: 67768.76008864 BTC (1.992%)
----
Since Satoshi Dice started, there have been:
Blockchain Tx: 11423662 : SatoshiDice Tx: 6698542 (58.6%)
Blockchain MB: 4904.6 : SatoshiDice MB: 2753.4 (56.1%)[/font] Some of this profit can be fairly spent RIGHT NOW on improvements to internalize transaction flow, or it should be blocked until it does. This is the real choice. Um, is it just me or are they really SUPPORTING the network with the fees they are paying on transactions? In 16 - 20 years this is going to be our bread and butter tx fees will likely hit 25+ bitcoins per block within that time frame if my math is even close to correct. (not showing my math here, because it is filled with a lot of conjecture and guesstimation and I really don't feel like having it picked apart.) If we think competition for blocks is harsh now. Just wait until we are looking at 10-100k tx per block and fees that are 5x+ what the generated coins are, also consider that bitcoins will likely be in the $100-$1500 range by then (likely higher) as long as the network stays strong. The adoption is there now. We just need to keep stability in the network. We need to get this shit figured out with larger blocks, because eventually with fees being the major source of income, no one will want to LIMIT block size. |
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Got the $520 back today in my paypal account. I changed my mind on the single and will hold into the order a bit longer just couldn't give up both spots in line... Don't need the money that bad. My mini was order date 7/7 and the single is 7/12. If they ever do ship, I will likely be in the first "batch" Maybe by my birthday (March)  |
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Yeah, it's totally BFL's fault that the price of Bitcoin fluctuated over a period of time. You've been scammed!
Wtf does that have to do with anything I posted? I only stated that I had paid a $30 fee for a wire transfer, because at the time they didn't accept paypal for preorders. I lost that money. Also, I have only received 12btc for my orders which in total were over $2000. Stfu and learn how to read. |
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I needed a bit of cash, so I canceled one of my 6 pre-orders. I got my refund in under 48 hours.
Out of curiosity, was your refund in USD or BTC? I imagine (hope) that they don't have a shit-ton of BTC just sitting around in a hot wallet, so I could see BTC refunds taking a little bit longer to process if they need to move BTC around. He lost the use of his BTCs for that duration as well as any profit or loss that may have resulted therein. This occurred because he believed the loss of the use of those BTCs was justified and that he'd be sufficiently compensated by the product he was to receive in October, November, December, never. Opportunity cost should be factored into any purchase/investment. Someone over on the BFL forums is complaining about having only received back the $520 for their upgrade so far and not the remaining $163, so my guess would be that those items show separately in their books and so are refunded in separate transactions. https://forums.butterflylabs.com/bfl-forum-miscellaneous/544-wtf-bfl.htmlMy original $163 was in bitcoin, that was refunded already within 24 hours. The $1333 for the single was a wire transfer, which cost me $30 that I don't expect back, so don't say I'm not losing money. The last $520 for the little single upgrade was paypal. Would like to get it back soon as some unexpected expenses have come up since I requested the refund. |
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Just an update, I an still waiting on the remaining $1853 from BFL. No word from them since the email from Jody yesterday. Guess 12btc is >$2000  Seriously glad I'm getting out now, because if/when they fail to deliver next month, I think the refund process is going to be much more painful. |
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I'm not mad, just a bit upset by the ideal. Yes I likely would have cashed those coins long ago (think it was like 24 at the time), however I could have also made much more investing the other $1853 in anything else.
Just like I HAD ~250 coins back when the price was around $4, but those are long gone too. A bit more upset that I had gotten rid of all my cards back in September, I had ~3.5 Ghash/s then, but wanted to get ahead of the selling rush when Asics came out... That is really where I list money. I was getting around .5-1 coin/day after power cost and missed out of 2-3 months of mining before the reward halving. I still had 800-900 Mhash/s, but not quite the same payout there. My fault I know, too much faith in BFL. I still believe they will likely ship first IF anyone does, but I would rather be putting the money to better use, even speculation would be a safer bet at the moment.
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Well, early this morning I received 12.0287 back into my wallet. Was a little upset as there was no email associated with the transaction. I emailed them back and Jody finally replied a little bit ago. That deposit was for my original $163 jalapeno order, without the upgrade. She also said that the remaining balance was coming $520 for the upgrade and $1333 for the single. Not home right now, so I can't check my wallet. Looks like they used $13.55 for the exchange rate.... Not going to go into how I paid like $7.00 per coin when I bought it.
Lesson learned, don't prepurchase vaporware.
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I was really looking forward to the Asic launch, October passed. Had high hopes, but still November passed. Now Josh is saying no chips for 30 days at least. I've had enough. My lone remaining Gpu will chug along as long as it is heating my game room for free (breaking even at the moment.) If asics ever do ship I will silently remove cgminer from my desktop and not shed a tear.
Just hoping now that I can indeed get a refund on my single and little single, time will tell.
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