On the way should be enough to cover what's showing as my negative balance Froggy. Don't beat yourself up man--I'd still mine with you.

I believe low running costs is the primary benefit of FPGAs.

What's your address? I think I wound up with some of the mis-apportioned coins. I'd like to give them back.

Wolf, I have a feeling that part of the withdraws might have come from the auto-withdraw feature.

Froggy,

I'm willing to keep my kHashes pointed at your pool if you need it to make up for the glitch. Stuff happens, and otherwise your pool's been swell.

I'm all for the individual, but at the end of the day we need to realize that we are human beings -- a group. A group of wonderful, innovative creatures who have done more than any other organism on this planet. You should always be asking yourself "what can I do to solve my neighbor's problems?" Lead by example.

On the subject of rights, I think we all have quite a few. The right to play loud music, for example. We have a responsibility not to.

I've always been...baffled by why deductions exist. They seem like a blatant opening to game the system...they would be first on my list of things to go. Course as far as I'm concerned taxes should die in a fire, but I realize that's not going to happen.

Realistically I'd be pretty happy with pretty progressive income tax, no capital gains, state-set flat sales tax, and a "choose which science projects to fund" checklist.

Has any progress been made with a possible JS miner for LTC?

I'm toying with the idea of making a game based around it, if a miner that can run from a browser can be found (basically players mine while playing, rewards are distributed as loot. You can add funds to buy items, or just play and withdraw). Not going to worry about it though, unless the miner's ready...

I looked at a couple of the BTC JS miners, but to be honest I'm not sure what I'd have to change to make it work with LTC.

You've given me a lot to think about. When I come up with more ideas, I'll put them up.

I'm not necessarily thinking of this as a currency first...but as a way for someone to bank computing power. I don't need all of my GFX card's power all the time, but there are occasions where I need much more than it can provide -- same with my CPU. It would be nice if I could store that power (as a coin) and use it when I need it most.

I was actually just thinking that perhaps, when the demand was low for computational power, the network could be securing a chain -- or perhaps up to x% or total power will always be creating the chain. As for verifying work, you would have to run the "official miner" which would check itself against the other miners on the network, or you could have two separate miners work on the problem, and compare answers...those are very good questions, keep them coming, please, as we work this out.


Yes, and they send you to jail with the military might they possess.


Yes, it could be used for evil. But so can lots of things -- I don't think that's a reason to not pursue it.

This idea is something I'm still working on -- any suggestions are welcome, criticisms etc.

Hello everyone, I was thinking about Bitcoin the other day, and a problem frequently stated by detractors : that BTC is not backed by anything, except a few thousand users hopes and dreams. Yes, I understand it is a "fiat" currency, but the primary difference is other fiat currencies -- USD, for example, started as backed by something (gold) and are now backed by millions of users and the US military. So I got to thinking, what resource do we have that could make a digital currency more "real." I briefly toyed around with the idea of a coin backed by programming ability, but that's a resource most of us already exchange for USD. But we have gigahashes of computing power, devoted to pushing coins around. Is there a way to use that for something more?

What I'm thinking is a coin, backed by our hashpower. Coins would be directly and immediately exchangeable for time on the network -- think about it. I want to render a scene in Maya, and it would normally take me hours on my system at home. But if I was able to use the entire BTC network, it would be a manner of seconds -- I would pay in "timecoins" or whatever, and be on my way. In return for letting me use your hash power, the network would award you x amount of "timecoins", which you would be free to redeem for computing power at a later date, or sell to a company/individual who needs to run some code.

I don't think this could implement a blockchain, persay -- as the current hashpower is required to maintain one. The coins would have to be secured and verified some other way. The other issue is of course making this huge network work with current software -- there would probably have to be a driver so the network would show up as a graphics adapter. Other details would be how to measure time on the network? Clock cycles? I've also thought about having two networks, one for CPUs, one for GPUs, depending on the work you need to do.

Maybe the system could even be used to provide an OnLive style of gaming -- where you're essentially playing a stream that's hosted on the network.

I am a CS major, and this is a little outside of my expertise (have done hardly any driver work). I think it's an interesting concept, at least, and possibly worth exploring further. We need to make a digital currency that is directly redeemable for something if we want it to catch on in a timely manner.

This, I think, is something to remember. If you think something's wrong, the only thing you can change about it is yourself. For example: I think intellectual property rights are stupid, so I publish all of my work in the public domain (unless a previous license would make that illegal, such as the Apache License). Be the change you want to see in the world.

Or even just boot from a flash drive...I know there's a specialized Linux distro for bitcoin out there somewhere.

I would say the ones closest are Namecoin (mostly due to merged mining, and the fact that it's trying to be something besides a currency) and Solidcoin (because of all the hub-bub about it, mostly negative). Bitcoin is your best bet though, it has the brand recognition, and the most backing by far.

Unless they decide to prosecute users of BTC.

Really neat idea though -- were you thinking QR scanner and client integrated into an app?

They have some value relative to each other, and a couple exchanges are up that deal in them. Be warned though, some of them may be scams.

It comes down to people wanting to make "the next big thing" or to experiment with different block generation targets, etc.

I would like to be whitelisted so I can:

Toss some ideas around with the fine folks on here about alt-chains, and about the current state and direction of them (and the "core" BTC chain). I've been mining since August, and am now wanting to contribute more than a few hundred MHashes.