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7441  Bitcoin / Bitcoin Discussion / Re: Senator Charles Schumer Pushes to Shut Down Online Drug Marketplace on: June 06, 2011, 06:17:13 AM

The pipes and tubes of the interweb belong to the people, they meddle with it at their peril.
7442  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [announce] Namecoin - a distributed naming system based on Bitcoin on: June 06, 2011, 04:59:31 AM
Does this interfere with a bitcoin installation in any way, or is it 100% separate?


They should run separately since they are different ports. There have been reports of people sending bitcoins to namecoin addresses and vice versa and apparently the client did not protest .... so be careful. Extracting namecoins from bitcoin wallets and vice versa would not be for the faint of heart.
7443  Bitcoin / Bitcoin Discussion / Re: Senator Charles Schumer Pushes to Shut Down Online Drug Marketplace on: June 06, 2011, 04:57:03 AM
Let's just make things worse and spray paint giant gold anarchy-esque 'B's on his car and house.

I wouldn't fancy being his sys. admin any time soon ....

http://www.youtube.com/watch?v=PYw2nj36NCM&feature=related
7444  Bitcoin / Bitcoin Discussion / Re: Senator Charles Schumer Pushes to Shut Down Online Drug Marketplace on: June 06, 2011, 04:29:24 AM

Yes, but there is only one Neo ... sacrificed for the freedom of the many.  Cry
7445  Bitcoin / Bitcoin Discussion / Re: Senator Charles Schumer Pushes to Shut Down Online Drug Marketplace on: June 06, 2011, 04:19:33 AM
I'm not sure how effective polite letters to the good senator are anymore but I applaud your civility and patience. If they worked, we wouldn't be where we are today.

If someone wants to send him a message, it could be along these lines ....

http://new.wavlist.com/movies/043/mtrx-iknow.wav
7446  Bitcoin / Bitcoin Discussion / Re: Senator Charles Schumer Pushes to Shut Down Online Drug Marketplace on: June 06, 2011, 03:56:34 AM
I actually agree that drugs should be legal and one should be allowed to ingest anything they please. But what should and shouldn't be has little to do with what IS and ISN'T. Drug trafficking IS illegal in the united states. This rich and powerful man now sees drugs and bitcoins as indivisible and mining and trading bitcoins as a criminal offense. He is actively trying to convince his rich and powerful friends of the same directly because of silk road. Silk road is a thread to the bitcoin network and I personally want to see it exterminated.

I think you are granting schumer too much naivety. He is well versed in the ways of the world and well paid in "campaign contributions" primarily by large legal and financial corporations. He is firmly "in the pocket", so to speak.

http://www.opensecrets.org/politicians/industries.php?cycle=2010&cid=N00001093&type=I&newmem=N

It works for his donors for him to tie bitcoins to illegal activities. He only "sees" what he is told in these regards I can imagine.

On the plus side, we now get to see the faces of the facist rats as they poke their noses out from their hidey hole of labyrinthine legislation and corrupt financial dealings.

7447  Bitcoin / Bitcoin Discussion / Re: Chaumian blinding layers on: June 06, 2011, 03:08:42 AM
Sure. You could just pull DigiCash out of mothballs and start issuing Bitcoin-backed DigiCash. But then you would be a central bank and people would have to trust you.

People trust MtGox and it provides a service for them. If someone supplies a blinding service to met a demand and they trust it what is the difference. If there are a multitude of competing exchanges and those offering differing blinding services it would be different than the "central bank" with monopoly on credit you are referring to, or do you mean something else?

I don't know, maybe there is no real demand for easy access to true anonymity.
7448  Economy / Economics / Re: Bitcoin gonna burst? on: June 06, 2011, 03:03:43 AM
Hyman Minsky’s seven bubble stages:

http://economicedge.blogspot.com/2009/04/signs-of-bubbles-betting-on-market.html

Step 1 Disturbance - not sure about this. Maybe the creation of bitcoin and the launch.

Step 2 Expansion: media attention --> price increase

Step 3 Euphoria / Easy Credit:  this forum is full of euphoria.  Credit (in US dollars) is available at the lowest rates in 50 years.

Step 4 Over-Trading: the market accelerates. It went up 30% and 40% in two days.

Stage Five – Market Reversal/Insider Profit Taking: not yet happened

Stage Six – Financial Crisis/Panic

Stage Seven – Revulsion/Lender of Last Resort


You have to go way outside the box to find economic analysis of the monetisation of a newly discovered form of commodity currency.

Minsky was good but I don't think he was that good. I don't think anybody was .... icbw.
7449  Economy / Exchanges / Re: www.BitcoinExchange.cc - Western Union, MoneyGram, Bank Wire, ACH, Dwolla on: June 06, 2011, 02:59:32 AM

PayPal needs a wake-up call.
7450  Economy / Speculation / Re: Bitcoin Technical Analysis on: June 06, 2011, 02:34:52 AM

Looks like the schumer sell-off didn't have much guts in it then ...?
7451  Other / Archival / Re: Pictures of your mining rigs! on: June 06, 2011, 01:38:36 AM


4GPU in a 4u rackmount case.
I colo in a datacenter with unmetered power :p

Damn, you probably get air conditioning as well? How hot do they run?

[root@ ~]# aticonfig --odgt --adapter=all

Adapter 0 - ATI Radeon HD 5900 Series
            Sensor 0: Temperature - 81.00 C

Adapter 1 - ATI Radeon HD 5900 Series
            Sensor 0: Temperature - 79.00 C

Adapter 2 - ATI Radeon HD 5900 Series
            Sensor 0: Temperature - 89.00 C

Adapter 3 - ATI Radeon HD 5900 Series
            Sensor 0: Temperature - 87.50 C

Adapter 4 - ATI Radeon HD 5900 Series
            Sensor 0: Temperature - 88.00 C

Adapter 5 - ATI Radeon HD 5900 Series
            Sensor 0: Temperature - 85.50 C

Adapter 6 - ATI Radeon HD 5900 Series
            Sensor 0: Temperature - 80.50 C

Adapter 7 - ATI Radeon HD 5900 Series
            Sensor 0: Temperature - 78.00 C

That's too hot for my liking.
7452  Economy / Trading Discussion / Re: A Heroin Store on: June 06, 2011, 01:36:12 AM
Quote
A market demand for a locker space on private property, guaranteed without surveillance? Swipe card key opening or combination, sent in mail granting access to locker.

A one-stop shop for many search warrants to be served at once :/

Got a workaround?
7453  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Biggest Downfall on: June 06, 2011, 01:33:46 AM

Good points Marcus and well put.

The entry ways into the market are tiny so I don't think they could perform the manipulation you describe without opening exchanges for themselves. Maybe the entries to the market will only grow at the same rate as the network? Who knows.
7454  Bitcoin / Bitcoin Discussion / Re: Early speculator's reward antidote on: June 06, 2011, 01:26:20 AM
Quote
I have read a little about Namecoin and found it uninteresting.

https://exchange.bitparking.com/main

Now you know exactly how bitcoin was off the radar for so long. Are you even able to get the client sending and receiving without a GUI? For most it is technologically inaccessible. Namecoin is not going anywhere. It can stay stable for months and the tokens will still have tradeable value.

As it becomes more accessible it may become more desirable.
7455  Other / Archival / Re: Silk Road: anonymous marketplace. Feedback requested :) on: June 06, 2011, 01:12:11 AM
I would guess that Silk Road is overloaded from all the publicity it's gotten recently.

Does it even exist? I've never been able to find it. I think it might be some joke they are playing on the politicians ... it just sounds too far-fetched to be possible.
7456  Economy / Economics / Re: Bitcoin gonna burst? on: June 06, 2011, 01:10:07 AM

A pull back is always welcomed when you're in for the duration.
7457  Economy / Economics / Re: The current Bitcoin economic model doesn't work on: June 06, 2011, 01:07:30 AM
Quote
*Edit*
Also, isn't a system like this going to breed immense distrust? Imagine when we're at the point where solving a block will generate enough wealth to retire you, your family, and all their friends for a number of generations. I can see more than one pool operator running away with the spoils....
Also, does anyone really think that society will allow itself to spend the majority of the earth's computer power on minting money instead of, say, curing cancer, or pretty much any other worthwhile cause?


At present the number of graphic cards doing mining is a small fraction of those ever produced. Hard money that provides efficient transmission of monetary information and resource allocation is arguably the most worthwhile cause you can think of for computing power and information technologies in general.
7458  Bitcoin / Pools / Re: BTC Guild - 0% Fees, Long polling, SSL, JSON API, and more [~550 gH/sec] on: June 06, 2011, 12:59:19 AM
I've been mining for 13 hours straight with 100% usage on both gpus and temps at 65C and 67C. Is it safe to run this 24/7?

That temperature is fine for chips. Worry when it gets to 80C+ (even then it'll probably be fine). Some cards idle at like 60+

Hardware will stop itself from overheating - either by drawing less power and slowing down / increasing fan speed - or turning off the computer alltogether.

Fatigue happens if the the hardware expands and contracts a lot (increase/decrease in temperature).

I imagine going between 40 - 70C wouldn't be much of a problem tbh, though I'm not an expert.

Temperature cycling is NOT fine for anything.  It causes "fatigue" wear.  Any 3rd year mechanical, civil or aerospace engineer or materials science major will know this without thinking 1 second about it.  Since there are MANY MANY parts in a board and only one needs to fail to kill it, fatigue is a nightmare for them.  Mining is not the norm for a gaming card ... gaming is.  Gaming runs at whatever is required while you are playing and then goes back to typical idle when finished.  This is cycling over long periods of time and much few times during the life of the card.  With mining, it is happening as often as once per minute in this pool.

So, sorry, but you are absolutely incorrect about the damage temperature cycling can do, even if below 70C the entire time.

Which is why I posted up this little python PID controller for temperature control. Put in the set point and good tuning parameters and it should be able to keep temp. pretty constant even with work 'turbulence' ... needs some patching work is all (minimal py skills me)

https://forum.bitcoin.org/index.php?topic=10062.20

7459  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: June 06, 2011, 12:20:27 AM
Though I'm not a resident of NY or WV, I've written both Senators. I tried to shed a more positive light on Bitcoin. I encourage other American voters to do the same.

As a small business owner, I want to provide any legitimacy that I can to Bitcoin's public perception. I'm not part of the tin foil hat crowd and don't believe that the Senators are uncaring Illuminati robot aliens. But if I disappear, you know who to blame. I wrote to them with my real name and business address. I feel that this is a cause worth fighting for.

We need a positive narrative. Right now the narrative is that bitcoin is helping drug traffickers do their...things.

I saw the negative narrative as "Schumer has made himself the frontman for financial facism", but we'll see how it develops from here.
7460  Economy / Economics / Re: Screw the economic growth paradigm on: June 05, 2011, 11:45:18 PM
Quote
If you dont know what a word means theres a thing called dictionaries. But i know you know what i mean and that you are deliberately playing dumb in desperate hope my reasoning can be rejected.

I'm quite aware of the dictionary word. I was asking how you define it because your arguments do not follow on the dictionary basis.
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