Certainly feasible.

Oh Canada might be leading the pack, hats off to that.

http://business.financialpost.com/2013/09/19/canadian-mint-pushes-ahead-in-murky-world-of-crypto-currency-with-mintchip-project/

I believe the banking cartels that set American policy, namely Goldman Sachs, will see what they have to lose and fight crypto's though.  But other smaller countries, more progressive places....Sweden, Germany, Iceland, etc, will get on board.

Anyone who just studies economics for more than 2 hours (I believe) would realize that our current world finance system is really messed up, has lost a link to reality due to fiat currencies being leveraged one-dollar-to-a-hundred to by banks, and currency that has a backing, whether it is gold or enforced digital scarcity via something like Bitcoin's design, is just a more logical, superior way to hold value somewhere as opposed to money you printing up by the spare 100 billion that gets given to the banking cartels on the regular to keep running.

Or current financial system just does not add up. You needn't look any further than many of the world's supposedly richest nations looking at going bankrupt if they weren't able to print up money from thin air. Once we get hyper-inflation the house of cards will fall (or sooner).  Not to mention in 20 years our average work week should be like 15 hours a week, not 40, and most jobs will be more economically done by robots and computers, not people, and we'll see some serious problems why some humans make salaries more than a 1000x times other humans' salaries.

AW I see . Thanks guys, esp. RoadTrain, did not realize it mined like that with PoS blocks, I thought it was cumulative thing, not a more quasi-random method like regular mining.

OP says medium flat rate is likely, but subject to change.

Thanks for making this thread.

Anyone know the answer to this :  does encrypting your wallet (putting a passphrase on it) end all your PoS minting irretrievably?

Like say hypothetically some guy was trying to mint pos blocks, and he waited 20 days with nvc in his wallet, then he put a password on the wallet, is all the minting contributions / pos work lost?  I -- errhhh--- I mean some guy were to remove the password immediately after putting it on his wallet, would it just resume where it left of regarding PoS minting, or would all the work be lost ?

THanks.

Looks like the monarch -- but will actually not be 6-12 months late.  Maybe that should freidcat's new tag line for this.

I think these are cube-blades without the cube casing, are they not?

Right on I got in in time.

Great price for this unit, can't wait to get it. If I didn't have btc possibly lost forever (but at least held up with) WeExchange and BTC-E withdraw delays I would have bought more.

Ordering 1!  

Great way to heat my place in the winter 8D  ... of all time perhaps.

edit payment now sent for one, thanks again.

I do not know how bitcoind works though I have a strong IT background a minor programming knowledge as well.

Is it really feasible that this problem could be going on for more than a month?  I'm not being sarcastic, I really don't know.

Even it is a technical problem the proper course of action would have been to put a hold on withdraws and deposits and then process them manually. By not giving any warnings to people that their deposits were in danger for over a month... that's pretty questionable. Also Bitfunder / WeExchange are all but shutting down. And though it's Ukyo's private business and I don't ask him to reveal his reasons, but is it not pretty suspicious he took out a massive loan in this time? 

Even if the problems are purely technical this is still a very serious situation though. So many of us lost investment opportunities and the chance to sell at the peak of a bubble with this error. There could be over a million bucks on the line here, Ukyo should form a plan of action and post it.  I know he's in a tough position and feel for him if it is technical problem but there needs to be motion on this, way too much money is involved.  Not so much mine but some people as posted have life savings-size amounts stuck in limbo and that naturally makes them angry, and scared that they won't see there money again.

Ya this is beyond belief. Really pushing believability that he's had this technical problem he can't solve for more than a month, loan troubles, the BTC price has skyrocketed, and he never put any notice on weexchange even when he knew it wasn't functioning. I feel I gave Ukyo the benefit of the doubt but now it just pushes credibility of his story past the point of being believable.

I'm so annoyed. I didn't even need to transfer any btc in to weexchange in the first place, I moved it there the day unverified trading stopped....

My guess is he was gambling with other peoples' money. Which sucks, as I hate how banks do this, and that is part of the reason why I love bitcoin, because I didn't think I had to worry about my deposits getting gambled away, but it looks like that happened. I HOPE I'm wrong but as was saying, I feel a month is plenty of time to resolve a technical issue.

I'm worried about Ukyo's safety now. I only have around a 1 btc lost in this so I'm totally pissed, but if I lost 10,15,20 or BTC I would probably do something rash and I imagine there are many people in that boat.  Because I really doubt a lawsuit would be effective, cost effective, and I doubt Ukyo has the funds to cover his grave mistake even if the lawsuit was successful.

I could have really used that 1 btc though damn....but ya, some of you are missing way more than me so I'm going to limit my complaints...

Just wanted to vouch for prodigits as well.

I was in ragin's group buy and it fell to crap, that guy is incapable of running a group buy and is borderline incompetent to run anything, including his own life it seems.

Prodigits went a long distance to help everyone in the group buy and it was pretty impressive move to refund folks with his own BTC. I don't think anyone knows all the details of what happened, and I have not been following after the blessed miracle of getting some a refund from the group buy, but I can say that from what I saw prodigits shouldn't be holding a bag here , he was boned more than anyone by ragin.

I would have thought I'd be prepared for this last 2 weeks of craziness in the bitcoin world but I'm just not. It's just plain nuts. I still can't parse the prices we are seeing. Every single time I set expectations for Bitcoin, even when I first heard of it a long time back, each time it blows away my expectations.

Even if someone said it'll be like $20,000 a bitcoin someday I can't say any more that that is ridiculous.

I think this also shows how weak and rotten the fiat currency world is, but suppose that's a different discussion...

I'd say a video card.

Just like that it makes sense to mine LTC today.

You can go buy a video card, do your own LTC mining with that, and once in the while you get appreciate the side benefit of being able to play really video games effectively 

Still don't think it is reasonable comparison.

For example, I had 200 bucks in Gox the last few weeks.  Today I bought the equivalent and transferred my 200 out in Bitcoin. Immediately.  Not a month+ please with no reply.

Really, let's not get caught up in the hypothetical details. I think anyone would see that you just can't compare WeExchange's withdrawal difficulties to Gox's.

Added to the fact the Ukyo took out a huge loan (over 500k) which there are worries about as well and anyone can see that we have a problem here.

Maybe the problem is technical and Ukyo in fact just can't work out the withdraws. But it is reasonable and legitimate to worry and or doubt that is the case, so people have the right to complain and enquire further. 

That went really well, I'd say.

Props to Mr . Murck as well. I didn't have much opinion on the Bitcoin Foundation before, and now, it is a bit more favourable, I thought his position and delivery were both pretty good.

This isn't an accurate comparison either. On Gox you can buy bTC whenever you want and transfer it out immediately.

All the time I've been waiting for a crash it has just gone nutz. I really can't even really parse a 700+ btc price.

No ones knows for sure.

Personally I don't think a crash is coming at all, today anyways.

You are wrong.  People have the right to complain when they transfer money to a service, and it takes weeks or more than a month to deposit withdraw.  Whether they plan to buy hats, drugs, kittens or books with their money is their concern and not yours.  

I really think this are different this time around. The world of BTC is vastly different, and larger, than where it was at the last 2 bubbles.

I'm guessing a correction is coming but I do not expect this time around that there will be a huge crash, and I don't think we'll go under $200 again. I think the new bottom will be around $350.  Anyone's guess. I do feel pretty confident though that even if you bought it today at 525 or whatever crazy price it's at, and you can be patient, you'll be able to sell it again for this price after this 'bubble' has come and left.

Especially with the Chinese loving BTC these days, and no more shackles to Can't-handle-the-transactions-gonna-crash Gox, the potential for a sharp quick price-plummet is not nearly as there as it was just 6 months ago.