Would I invest $1,022.75 for a single share for a 0.12% gain when the stock has a minimal upside potential? No. The upside (and downside) for Google is exactly the same at $1000 per share as it is at $1 per share. At $1 per share the company would have 1000x as many shares and thus a $1000 investment would net you 1000 shares but it wouldn't net you a greater % of the company. Are you saying you won't buy Google at $1,000 per share but if they did a 100:1 split you would buy the exact same company with the same profits, same revenue, same marketshare, same brand for $10 per share? Still I think you missed the entire point of Elwar's sarcastic comment in that price doesn't matter. Obviously people have bid Google up enough to triple it over the last couple years despite it having a triple (and now quadruple) digit price. |
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Don't let the OP see Berkshire Hathaway or his head might asplode.
Berkshire Hathaway Inc.
NYSE: BRK.A - Nov 6 4:00 PM ET
172,220.00+466.00 (0.27%)
It went up over 466 just today! That non-possible.
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It is a stretch. Debts can be discharged in court but that doesn't mean they have to be fiat, the same fiat created by the state.
Bankruptcy existed under gold backed currencies, and other forms of debt forgiveness existing under commodity money systems.
There is no legal precedent for why a debt denominated in BTC couldn't be discharged in Bankruptcy court.
So the idea that because the state may discharge debts it must also create the money seems weak.
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If depends on the specific service. There is no universal rule for lost 2FA just like there is no universal rule on lost passwords.
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There will be no child boards. The admins have indicated that multiple times. The altcoin board (like off topic) sole purpose is to keep the main forums on topic. Your request will be about as likely as asking for child boards for "off topic" because it is getting too cluttered.
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That would be an exchange. MtGox, bitstamp, campbx. They all allow USD deposits and allow "real time" trading. Coinbase is the exception here as they are not trying to be an exchange. I mean your question is like asking "does anyone know a service where I can trade google stock in real time?"
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There will be no 20nm miner by any vendor for quite a while. 20nm being available =/= 20nm cheaper than 28nm. 20nm will probably be available in volume next year (at 50% to 150% higher prices). It generally takes 2-3 years before a new process node becomes cheaper than the prior one. Maybe in late 2016 but 2017 seems more likely.
Color me surprised, KnC claims to be working on a 20/16nm chip already: I very much doubt this chip will materialize, as the economics most likely dont make sense (by the time it would arrive, price per TH would be so low it would be very hard to recover the NRE), unless they start another round of preorders fairly soon and enough people are dumb enough to fall for it yet again. Well "working on" doesn't mean intend to launch in 2014. KNC has ASIC engineers. The chips are done unless they intend to say "thanks for all the hard work guys but you are now fired" there is something for them to work on and that is the next version. We will see in the end but I am still confident no sub 28nm in 2014 (and probably not 2015). As you know (but often missed by others) TSMC having capacity doesn't mean TSMC having capacity at price point which makes it competitive with existing 28nm designs. |
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Bitcoin is either going to $100k-$1m , or ~$0. Are you trying to take down a monster pot or make a few bucks? What is your risk tolerance? I guess these are the only real questions.
If your risk tolerance isn't pretty high, you probably shouldn't be investing in Bitcoin. Unless you're investing a pretty small percentage of your worth, in which case "cashing out" a few % of your btc as we go up shouldn't even be a question raised.
Depends on how much up is up. Say someone has a net worth of $100K and they invested a small portion say 5% or $5K into BTC back when it was $1 so 5000 BTC which today are worth 1.25M. Lets say the rest of this persons net worth is roughly over the prior 3 years so their new Bitcoin fueled net worth is $1.35M of which 92% is tied up in Bitcoins. I agree with you that Bitcoin is either going big (but honestly $1M doesn't make sense even under a single world currency scenario) or nothing. Now lets consider a 20% sell, or $250K liquidated (possibly over weeks or months) as a hedge. The investor now has the same $1.35M net worth today but it is more balanced with $1M in BTC and $350K in non-Bitcoin wealth. Under a Bitcoins go to zero scenario he is much better off ($350K vs $100K). Under a Bitcoin goes to the moon scenario he isn't "as rich" but say $10K per BTC he "only" has $40M in wealth not $50M. Oh noes the humanity. If only he had more wealth then he could have bought the extra large yatch.  Most people could probably accept that compromise (and all hedges are a compromise). Worst case scenario I end up with $250K, best case scenario I am super wealthy vs worst case scenario I end up with nothing and best case scenario I am even MORE super wealthy. |
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It isn't serious news, it doesn't need to be patched and this new "research" was known and debated on this forum ..... in 2010.
Maybe that is why it hasn't moved the price.
This isn't to say there won't be a correction a 30% move in a week is excessive but any drop will have more to do with profit taking then a "researchers" FUD.
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It isn't time or energy, it is time AND energy. x J for y seconds is the same as 1000x J for y/1000 seconds.
If you have a perfect computer and the ability to scale it to an arbitrary size your computation time is the inverse of the energy output. 10x the energy, 1/10th the time. 1/10th the energy, 10x the time.
For it to "only" take 2E247 seconds would require a sustained energy output of ~1 E 235 J however our sun doesn't have that much energy (nor that much time).
Using less (say the output of our star) would mean your throughput would have to be lower and the amount counted would be less in the next 5 billion years.
On the other hand if you had significantly more energy (just the output of a billion stars) then you could do it in less (still asininely long) time.
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@DT: Sorry, I can't resist....
Are you as much of an expert on Death as you are on Taxes?
Not yet. Someday I probably will but I doubt I will be able to tell you about it. |
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The headline still makes me smile. The day that Belkin is making USB miners is the day Bitcoin has won.
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Although some of the enthusiasm for bitcoin is driven by a distrust of state-issued currency, it is hard to imagine a world where the main currency is based on an extremely complex code understood by only a few and controlled by even fewer, without accountability, arbitration, or recourse. says the Chicago branch of the Federal Reserve, apparently without any sense of irony whatsoever.  Yeah only the Fed could be so irony impaired. Mr. Fed chairman where is my option for accountability, arbitration, or recourse from the actions of the Fed? Oh that right if you are a central bank then absolute power is different. "Trust us we know what we are doing". Of course I can inspect the Bitcoin source code (or pay an expert to do so for me). Even if I have a billion dollar I have no ability to inspect the federal reserve's balance sheet or methodology for adjusting the money supply. Still broken irony meter aside the language does show some pretty good understanding of Bitcoin at a conceptual level. When a physical object is exchanged, there is little
doubt that the giver owns it and the
recipient receives it (whether the object is what it seems to be—and not a
counterfeit—has always been a problem
for money, but one that is mitigated in
a variety of ways). A digital file is easily
created and duplicated, so how do we
avoid doubts about its authenticity as
currency? The solution is basically recursive. Assume that my ownership of
the file is ascertained. The bitcoin
protocol ensures that the transaction
by which I cede ownership of the bitcoin
is validated by adding it to a record of
all transactions. The recipient’s ownership is now validated. Sorry for the formatting (pdf). This is actually a very good explanation of how the blockchain works for a layman. Never seen it described this way before but it is recursive validation. Bitcoin, however, does not rely on a single recordkeeper. It solves the two challenges of controlling the creation of a unit of digital currency and avoiding its duplication at once. Validation is difficult to do, and those who do it are rewarded for doing so by being allowed to create new bitcoins in a controlled way. A good explanation of why we have miners and why they are compensated. Sadly it is better than 90% of the explanations of this forum which usually are "run a program, solve some puzzles, and get free money" (not as much now given the risen of ASICs but it has provided a horrible perception of how and why mining occurs to non-enthusiasts). |
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subcoin of course temperature matters. It is right there in your wiki link. Hint K is Kelvin a measure of temp. The higher the temp that a perfect computer operates at the lower the efficiency. It can't be more efficient than at absolute zero.
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I don't seem to get it.
You make $100k a year, you have 1 million in bitcoins.
...
You quit your job.
Your wages (not income) is now 0. However taxable income is all income not just wages so it was just stupid to quit your job.
You sell ALL your $1 million in bitcoins. You are now RICH! You pay 25% to 50% in taxes on it!
The next year you get another job making $100k.
You've just paid a shit ton of taxes* on your $1 million bitcoin investment and quit your job for no reason!
FYPFY. Can you see now how the "rich" don't work and pay 0 taxes? In imaginary land yes but in the United State no. Income from all sources (INCLUDING CAPITAL GAINS, DIVIDENDS, BUSINESS INCOME, WAGES, ETC) count towards your taxable income. If that combined number is the cutoff for 15% bracket (~$73K) you don't get to avoid capital gains tax. If you don't believe me take a look at a 1040 form. Here is a link. See line 13. What does it say? See line 22. Does line 22 include line 13? See line 43. What is that line. If line 22 (and thus line 13) a part of line 43? If you still don't believe me or the IRS forms maybe an "expert" will convince you I am not crazy. How much capital gains tax will I owe?
If you are in a lower income tax bracket, you may not owe any tax on your long-term capital gain.
For taxpayers in the 10% or 15% ordinary tax rate bracket, the capital gains rate is zero. You are in one of these brackets if your taxable income after deductions, but including the capital gains, is less than $35,350 ($70,700 if you file jointly).
Taxpayers whose taxable income is above those limits pay 25% to 35% on their highest taxable dollars of ordinary income. Their capital gains rate is 15%.
Example: Say you bought ABC stock on March 1, 2010, for $10,000. On May 1, 2012, you sold all the stock for $20,000 (after selling expenses). You have a $10,000 capital gain ($20,000 – 10,000 = $10,000). If you are in the 25% tax bracket, you pay $1,500 in capital gains tax ($10,000 X 15% = $1,500). This amount is in addition to your tax on your ordinary income.
If you would be in the 10% or 15% ordinary income tax rate bracket except for the capital gains this year, you may have some capital gains taxed at 0% and some taxed at 15%. http://blog.taxact.com/long-term-capital-gains-tax/* Yes "shit ton" is a standard unit of taxation used by the IRS |
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Taco can we get an update or confirmation or rejection or something?
(Great now I am hungry for some tacos)
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I'm trying to calculate where Bitcoins will be trading at in a years time based on the current growth rate. Can anyone help me come up with some numbers? Is there a web site that calculates this already?
This diagram should help.  |
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I'd love to scam a couple of modules and turn my Saturn into a Jupiter! If the deposit was $7,000 per module would you be willing to pay $14,000 to "scam" your Saturn into a Jupiter? Of course for added protection they could limit it to just one module at a time. Well if so I am sure KNC would love "scammers" like that. |
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Wow. Nice find. Bitcoin has come a long way.
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I hope this is a joke, I havve to ask, how much did you pay ? I hope so to. But wow the balls of a scammer to ship a $40 router and call it an ASICMiner. |
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