Now you are plain and simple insulting him by saying he is defective. I am at at slush's pool for a few days now.
The point of Bitcoin is decentralization. I don’t want to trust deepbit’s operator in order to use Bitcoin. Malicious entities could easily gain the majority of the hashrate if they colluded with pool operators. Trust is everything in a currency. If Bitcoin experiences any such problem, trust will vanish very quickly.
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I'd switch over to any pool that offered Instant Payouts, That's one of the major reasons I like deepbit. I hate having to wait half a day to get confirmed on slushes pool.
Eligius pays out instantly into your wallet via a generation transaction. You don’t even have to register. Seriously, deepbit’s share of hashpower is troubling. I hope this will change soon.
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If tycho starts doing something bad miners can move off his pool and thwart his attack...
Great, so we just wait until something bad happens, rather than preventing it from the start. This will certainly help confidence in Bitcoin as a currency.
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Honestly, I'd just suggest that everyone stay realistic and grounded here. There's an almost euphoric sense that circulates the forums every time the exchange rate goes up, and all logic seems to go out the window. Mob mentality crushes anyone who disagrees.
Bitcoin is a great concept. Just be careful and keep your eyes peeled.
Wait? Who are the people being irrational here? Maybe you would like to provide arguments as to why bitcoin is a bubble? He didn’t say Bitcoin’s a bubble. Stop being so defensive.
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So the supply limit is a technical limitation of the algorithm and the massive deflation, pyramid scheme, etc is just something users will have to put up with?
Yes, the same as gold, Google stocks etc. are pyramid schemes. You’re on top of the pyramid btw.
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I don’t know, the pie is from http://bitcoinwatch.com/. It should be in every miner’s self-interest to switch from deepbit to another pool. If you don’t, you risk that the Bitcoins you mine could become worthless. Also, deepbit has a fee of 3%. Other pools like Eligius do much better than that.
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Move to other pools. Stop mining on deepbit. Here’s what someone with 50% of the network’s hashrate could do.
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How hard is it to acquire physical gold or cash? Now how hard is it to acquire Bitcoins? Remember, Bitcoins are non-refundable. Of course it’s a bit difficult to get them.
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I’m in it because a) this technology will change the world, regardless of your ideology, b) it will give us economic freedom and c) I could profit hugely from it. Without profit incentive, Bitcoin wouldn’t rise this fast. Problem?
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What happens when Bittorrent is illegalized in the whole world?
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Bitcoin is the native currency of the World Wide Web. This! Bitcoin is the Internet’s money.
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I’m not located in the US.
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Somehow I wonder if I'll ever manage to free my mind from this whole project. You’re not alone. Bitcoin is way too exciting.
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Yes. It's praise. I am a technotarian--and in fact the creator of the word (I think).
I'm a huge fan of bitcoin and hope that it take hold.
Welcome to the forum, fellow technotarian. Bitcoin + Poker = Win.
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Surely, there must be different options to run paid jobs over the network, in order to make investments less risky, and help the bitcoin value go up, too.
The Bitcoin value would go up because there is demand created for Bitcoin to pay with it for computing power? Interesting.
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Those poll options can’t be serious, right?
Why ? If I add something else, then everyone will choose that option, because everyone here is geek, as we already know (and feel themselves very special). Because there are quite a few people over the world who don’t fit either white, yellow or black, perhaps? Even continents would’ve been better than three colours.
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Those poll options can’t be serious, right?
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Okay, then we’ll need a race thread as well. A survey with all of these combined would be even more interesting.
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