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1  Other / Meta / Re: Is Theymos anonymous? on: November 11, 2013, 11:46:20 PM

Has Theymos (the person who runs this forum) ever revealed any personal info about himself? Do we know his name, where he lives, etc? Is the real person behind the Theymos handle an active member of the community apart from on this forum and on reddit?

Everything you wanted to know.
2  Other / Off-topic / Re: Should I buy a Xbox One or PS4? on: June 14, 2013, 04:45:25 AM
I would say neither.  Both Sony and Microsoft have shown their ineptitude at making innovative products.
3  Other / Off-topic / Re: Ever want to end it all? on: June 14, 2013, 04:37:17 AM
And just end it all?

I feel like I am going to get all different kind of responses but I want to put this out there and see how many people have seriously considered it. Life isn't easy for the majority of people, always hiding problems or not confronting them and letting them just dig deeper until you don't/can't handle it anymore.

How to people have ambition to move through all the bullshit in this world anymore? You seem to fix one problem and before you're done you have 2 more and what you were working on just falls to shit anyways. Maybe that's why we have so many drug addicts, just trying to escape reality because they can't bring themselves to the end.

What happens with the people that are suicidal failures that know they have nothing to live for and have seriously tried to end it only to fail at that? Where in today's culture do you put them? Right along with the undesirables and mental cases. There is no hope anymore, no determination, no pleasure of being in existence, so why be here?

I don't even know who you can try to get help from anymore. Doctors are drug dealers, I went to my doctors office and within 5min of talking to him the session was over and I walked out with some pills that I look up online and they basically make you kill yourself. Paxil. what good is this going to do me? I'm already thinking about it and now they are giving me meds to follow through with it. Can't go to family, they all have their own problems and I don't want to burden them with mine. So I guess I go online to an off topic forum to tell the internet and see if they will even listen, doubtful.

I don't know where I am getting with this, kinda like everything else in life. I need something constructive to put my energy towards and feel like I am apart of something. I need to wake up each morning and know I have a meaning and I am needed. Even if it's not something great or world changing, just something that is meaningful to me, something I have passion for.

But who will get involved with someone that has these issues, and we start all over. Maybe I'm crazy or something but if I don't get meaning in my life soon I will be 1 less undesirable around.

Don't worry, it will all end eventually.  You don't need to hurry it all.  Time is relative.
4  Other / Politics & Society / Re: What to do about PRISM surveillance. A practical advice. on: June 12, 2013, 04:24:33 AM
What I am really annoyed about is that it was not confidential because it would tell the enemy what the government is doing.  The information was classified so that the America people would not be informed of the program and thus could not sue on constitutional grounds.  The courts have said secret programs cannot be found to be unconstitutional because they are secret and no one knows if they are actually occurring and no one knows who they are occurring on.

The point of it being confidential is so the public does not know and does not stop the program from occurring.

One interesting thing that I heard on the radio discussing privacy is that as the world becomes more connected and information is digitized privacy of the public becomes less but secrecy also becomes less of these programs.  In he past information was in hard copy and thus hard to disclose.  Now that many people have more access to information because it is digitized and keeping networks has become more specialized the secrecy of these programs is less easy to conceal.
5  Other / Politics & Society / Re: living With Terrorism on: June 12, 2013, 04:18:35 AM
Yes, Stochastic, we bomb them they bomb us.  Good plan.  This has been happening for a long time, and this 'Axis of Evil' you talk about has been attacked by what they see as "Evil Western Forces" for thousands of years.  This seems like an intractable situation.  If people stopped listening to power and followed their own interest this would never happen. 

War should be that I can not stop myself from arming myself and seeking out my enemy, because I personally have a reason that compels me.  Go to war for anything less and you are a mercenary.

Please reread what I wrote.  I never mentioned an Axis of Evil.  I mentioned the Axis Powers which were Germany, Italy, and Japan during World War 2.  I was not justifying war, I am explaining why governments are concerned with terrorism over other things that may cause more deaths than terrorism.
6  Other / Politics & Society / Re: living With Terrorism on: June 10, 2013, 09:37:30 PM
Who cares about terrorism. There are more people killed from lightning strikes than from terrorist attacks.

It is not about how many people are killed.  States survive and propagate based on their ability to have stability so that they can effectively trade with other nations so a critical percentage1 of their population prospers.  If on 9-11 people decided to fly planes into Happy Chef Restaurant in Kadoka, SD then no one would give a damn.  Flying a plane into the World Trade Center in New York City stopped market trading for days and shut down civilian United States air traffic.  Imagine if people were blowing themselves up on buses, bridges, or police stations in every major US city at least once a month.  It would shut down any ability for people to go out and make transactions and other nations would be able to take that opportunity to take over that wealth generating ability.

This is why the United States is pivoting its naval units to Asia to counter China's naval rise and oversee that international trade routes are not disturbed.

Obama knows he cannot keep his base and perpetuate the War on Terrorism (WOT) that Bush started.  Bush thought this included massive military invasions and nation building.  It might have worked but Bush underestimated the resources needed for this to happen.  During that time a lot of people mentioned the success World War 2 (WW2) and the nation building after that.  The difference between WW2 and the WOT is that the United States was involved in total war, the complete mobilization of its resources to defeat the Axis Powers.  This was not the case during the WOT.  People went along with their daily lives and let the volunteer army try to achieve nation building.  Obviously they failed.

Obama's strategy, and it is a very smart one politically, is to think of terrorist cells as cancer and to surgically remove that cancer through annihilation and/or fear.  Annihilation comes from drone or special operation strikes.  Fear comes from people that see that the United States military can't be everywhere at the same time but can be anywhere it wants to go.  For this to work the national security industry must collect as much data as possible and strike any overseas target that may have any evidence of wanting to attack American interests.

The American people will only allow this level of surveillance if they don't feel safe, and if the goal of the government is to create stability so that enough people are happy that they don't overthrow the government then the government is stuck in a difficult situation.  If the people don't feel safe then they will be unhappy and overthrow the government and if they do feel safe then they won't allow this level of surveillance and then the government cannot execute their surgical military operations.

1 I believe this critical percentage is related to the percent of unhappiness and the ease of access to efficient weapons and or voter turnout (democracies can overthrow their governments in elections, that is why they are more stable long term).
7  Economy / Service Discussion / Re: MtGox account in the USA has been seized by the DHS? on: May 14, 2013, 08:58:19 PM
...then they fight you...

whats the full quote?

Don't have that at hand, it's just a general reference to the stages of introducing new ideas. Paraphrased somewhat inaccurately: first they ignore you, then they disbelieve laugh at you, then they fight you, then you win.


Edit: This may be of help: although its source is disputed. Updated my paraphrasing to reflect.

8  Bitcoin / Bitcoin Discussion / Re: Dwolla stopped from dealing with MtGox! on: May 14, 2013, 08:43:37 PM
A lot of people are panicking in the wrong direction.

If this is true, the last thing you should do is sell your BTC on Mt Gox for USD, because you might lose access to those dollars for an indefinite period of time. A more productive way to panic would be to buy up as many BTC as possible and withdraw those.

And then go to another exchange and crash there.

What about keeping the BTC? Not a valid option, or...?

I figure people that want to withdrawal USD from MtGox and buy bitcoins to transfer them to another exchange to sell them would still want to withdrawal their USD.
9  Bitcoin / Bitcoin Discussion / Re: Dwolla stopped from dealing with MtGox! on: May 14, 2013, 08:37:01 PM
A lot of people are panicking in the wrong direction.

If this is true, the last thing you should do is sell your BTC on Mt Gox for USD, because you might lose access to those dollars for an indefinite period of time. A more productive way to panic would be to buy up as many BTC as possible and withdraw those.

And then go to another exchange and crash there.
10  Economy / Service Discussion / Re: MtGox account in the USA has been seized by the DHS? on: May 14, 2013, 08:19:11 PM
No offence to any of the posters so far, but can anyone with rep confirm the wording of the email received?

i've had a long time Dwolla acct and i've not received any email...

Looks like they only send to people that have recently done a withdrawal/deposit or are currently trying to do a withdrawal/deposit.
11  Economy / Service Discussion / Re: MtGox account in the USA has been seized by the DHS? on: May 14, 2013, 07:18:45 PM
Just got the email too

As of 12:13 PM on 5/14/2013:

You’re receiving this notice because our systems have indicated that you’ve processed and completed a real-time Dwolla-to-Dwolla payment to Mutum Sigillum LLC (“Mt. Gox”) within the last 24 hours.

Due to recent court orders received from the Department of Homeland Security and U.S. District Court for the District of Maryland, Dwolla is no longer legally able to service Mutum Sigillum LLC’s account.

This is a courtesy email encouraging you to follow up on any uncompleted orders with Mutum Sigillum LLC as Dwolla is now unable to move money to and from Mutum Sigillum LLC’s Dwolla account.

Dwolla is not party to this matter nor does it have any information or further insight into the situation. We strongly encourages those with questions to contact Mutum Sigillum LLC

Note: Dwolla requires a court order before honoring requests such as seizing funds or revoking access to an account.

On behalf of Dwolla, we apologize for this inconvenience.
12  Economy / Securities / Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on [BTC-TC] on: April 18, 2013, 11:55:18 PM
March 29 2013
Quote from: Josh
I want to clarify the above post, as there is some potential confusion. We are not shipping yet. We plan on shipping possibly by the end of next week, but I will update on a shipping schedule as soon as I have more definitive information with regards to that.

Two weeks later...

15 April 2013 Update

Short update today, more to come in the next day or two, hopefully.

We've been working on getting the software and firmware nailed down. Things are mostly stabilized at this point and with our current boards (we do not have the redesigned boards in house yet), power usage exceeds the 1w/GH, unfortunately, but it's much better than anything out by 40 - 50%, at the wall. We are gearing up to start shipping out some dev boards and a few Jalapeno's most likely this week (at least a few dev boards) and then as more chips roll in we'll be shipping out the Jalapeno's. When the new boards land in KC, we'll start shipping Little Singles and Singles at that time. I don't currently have a time frame for those, but I should have something later this week in regards to that.

Obviously, the minirig can't fit 1.5 TH/s in a case the size of what we were planning, but we have some interesting solutions with regards to that. Expect and update on there as well, but I did want to let everyone know we have several solutions to solve the minirig issue and we are moving forward on that front.

I did want to quash any rumors that there was something wrong with the chips; there isn't. The chips themselves are fine (other than using more power than we expected), the delay is strictly due to having to re-engineer the power system on the boards (which requires a larger PCB redesign to a degree) and refine/streamline our processes for getting chips from silicon to mounted on boards. Things will be rolling along soon, albeit a bit slow at first, and then picking up speed as the whole process is optimized and finalized.
13  Economy / Securities / Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on [BTC-TC] on: April 12, 2013, 09:29:44 PM

Actually I think you'll find part of the reason for the discount on Cognitive shares IS the existence of COG.F.  Cognitive shares will tend to fall until they're slightly above COG.F.  They've likely fallen too far - but in the recent bull market for BTC nearly all share prices have been taking a kicking (ASICMINER being the notable exception).  Certainly, at a MINIMUM, Cognitive should be trading at .125 + the expected dividends to be paid out until COG.F hardware arrives.

That's unless someone has done the math and determined that even with the COG.F hardware it's still overpriced at .125.  I haven't actually done the math for Cognitive on that - but it's not impossible.  The approximate value of Cognitive ignoring COG.F is the cost of 7 Singles equivalent at the new prices + the 2nd-hand value of the existing mining gear converted into BTC and divided by the outstanding shares.  As that's what it would cost to order that hardware now.  That would then need to be marked up because it's an already running company with infrastructure in place and a solid reputation.  And further marked up because pre-orders already in place are worth more than new orders.  But that's how I value mining companies - haven't actually done it for Cognitive yet though (I've been lazy and been trading it based on a floor price of around .12).

Until the BFL's ASIC are confirmed being shipped and not some April Fool's prank, those 7 BFLs are vaporware and should not be priced in Cognitive.  Also, to only price Cognitive in BTC is a mistake.  I have been pricing everything in my local currency as can be seen in my earlier posts.  As an article today better explains than I could ever:

To put things simply: every good in Bitcoinia is an import and every job must be offshored. In that kind of economy, exchange-rate volatility matters a very great deal indeed.

Any new person just getting into bitcoin and then using their bitcoins to purchase shares of Cognitive would be paying a price of the BTCUSD * COGNITIVE.  For example, at the peak, if someone wanted to purchase Cognitive they would have paid $260 * 0.1 = $26.00/share.  This is in contrast to the IPO in which Cognitive was about $2.50/share.

Is that overpriced?  I am not sure as the BFLs are a mystery.  At some point after all the missed deadlines by BFL they should be written off.
14  Economy / Speculation / Re: The majority of users here.. on: April 11, 2013, 09:11:20 PM
A lot of people that have been around for a while are like large shareholders.  They don't really care about the price because it is not like they can cash out without crashing that price.  Most of them shaved off a small percent of bitcoins and sold enough in the bubble to fund their projects for a while.
15  Economy / Speculation / Re: This person completely called it...... on: April 11, 2013, 05:17:07 PM
Lucif bailed the morning of the drop.

This is so perfect --

His precision and charting were spot on. He sold at the very top.

BrightAnarchist was making excellent calls as well.

Funny how people choose to believe mythology while discounting these EW guys. During intense periods of speculation, these are they guys to which you should be paying attention.

The real skill is to not only know when to get out of a market, but when to get back in as well.
16  Economy / Securities / Re: is there any guide here how to invest? on: April 10, 2013, 12:59:21 AM
hi guys im interest to buy shares/invest in Bitcoins but i dont know how to start and where? is any guidelines here for interested investors like me?

thanks in advance

Go get some books.  You are in for hurt asking around here.
17  Bitcoin / Bitcoin Discussion / Re: Memories of a Mania on: April 10, 2013, 12:09:28 AM
Yet very few people actually made money on it.  Certainly not the average joe.  99% of those dot-com mania companies don't exist today.  One of the intents of my post is to say that, yes, something can be super-

I enjoyed your post, but this is false.  Thousands, perhaps tens of thousands of new millionaires were minted.  I personally know several who made a fortune during that time.  Some may have blown it afterwards, but that's another story.

Didn't Mark Cuban make a billion on some sports website and buy the Mavericks?
18  Economy / Securities / Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on [BTC-TC] on: April 03, 2013, 04:41:21 PM
Re: First BFL ASIC! thread: is this where we all party? Tongue Share price for the main Cognitive fund is already back up to 0.29. Good news..

Reading the comments does not look very good.
19  Economy / Securities / Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on [BTC-TC] on: March 28, 2013, 01:47:54 PM
I'd also like to point out that the value of BTC has gone up substantially in the last few weeks. Even though Cognitive shares are worth less BTC now than when I bought in, they actually have a higher USD value.

Although that is true and worth considering, we need to get to a point where btc denominated investments do (at least slightly) better than just holding bitcoin.  We're not there yet by my rough estimations.  

I agree with your statement but one thing that a pure bitcoin investment cannot do is pay dividends every week to the owners of bitcoins.  If bitcoins continue is appreciation other people might buy into bitcoin at increasingly higher prices but a mining fund would consistently get more bitcoins from their initial investment.  This fund was hit when more shares were used to purchase the BFL ASIC.  It cut the dividend per share because their were extra shares but no extra incoming revenue.  At that point the dividend being paid out could not be the only metric for the book value of the fund.  There is also the value of those ordered ASIC that need to be taken into consideration when pricing the fund.  There is also the bitcoins held in reserve that the fund has.  It may use those bitcoins to purchase more ASIC but it could also just pay a large dividend as well if that is more beneficial.  Another important thing is how the fund is well managed.  Just look at some other funds (ex. BITBOND) and see how much risk a bad manager can add to your investment.

I would not be surprised in the future that as the ASIC are delivered and as the fund grows less of the fund's bitcoin revenue will need to be held in reserve for future growth.  Once the fund becomes a growth fund then investors will not have to worry about share dilution and their initial investment may outperform bitcoin's rate of appreciation.
20  Economy / Securities / Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on [BTC-TC] on: March 21, 2013, 06:51:26 PM

So shareholders, what are your opinions regarding this? I see the three options being purchasing the Avalon, purchasing more from BFL, or waiting it out.


At this level of deflationary pressure of the bitcoin exchange rate there is a good argument to just sit on coins.  Although, I do believe we should have some ASICs first.
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