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1281  Bitcoin / Bitcoin Discussion / Re: WARNING! Bitcoin will soon block small transaction outputs on: May 13, 2013, 11:33:38 AM
Why should your nearly worthless transaction be entitled to the same consideration in getting into a block as one that actually benefits the network in general?

Because where do you draw the line? First it's the dust transactions then they may block one dollar transactions, next thing you know no-one will accept transactions unless you pay a fortune in transactions fees...

Neither I nor anyone else draws the line.  The market draws the line.  If at some arbitrary limit, the choice of miners to transmit or not transmit certain transactions cramps the style of the people using the currency, there will either be a hard fork or (more likely) some miners will begin to accept those transactions.  After all, a hard fork that is adopted by enough people will damage the value of the blocks they generate more than they save by refusing to transmit small transactions.

This isn't a slippery slope, because there will be pushback if that number does not get consensus (in fact there already is some pushback).  The line might even be drawn before this 54 μBTC value, if enough miners reject it.
1282  Bitcoin / Bitcoin Discussion / Re: WARNING! Bitcoin will soon block small transaction outputs on: May 13, 2013, 01:12:24 AM
Even if I have to buy a million dollars worth of ASIC machines I will (Basically all my bitcoins).

The fact that you can purchase ASICs and use them to confirm your own and others' "dust" transactions is proof that this isn't censorship.

That makes no sense, that is like saying, a country is censoring the people inside but you can overthrow them so it isn't censorship.

You seem to think you have the right to demand that the miners do something for you for free.  It costs as much to transmit the same number of bytes whether it is for a 1000 BTC transaction or a dust transaction that does nothing except benefit you, for whatever reason you want it, and otherwise just clutters up the blockchain. 

Why should your nearly worthless transaction be entitled to the same consideration in getting into a block as one that actually benefits the network in general?
1283  Other / Beginners & Help / Re: How rich are the richest Bitcoiners? on: May 13, 2013, 01:10:04 AM
Those are just addresses.  Multiple addresses could belong to the same person, and it is possible some of those larger addresses are businesses addresses held by the larger exchanges.  (I haven't gone through and looked at them to see if they're "famous" other than having lots of BTC.)

It's somewhat more interesting to know who actually holds BTC.  The Winklevoss Twins are probably the most famous previously wealthy BTC holders, but it's possible others, like Kim Dotcom or even more old school businesspeople like Bill Gates have some number of them.  People like that would prefer to acquire a quantity clandestinely, when the price is low, then reveal themselves as heavy BTC investors just because their name alone would drive the price up.
1284  Other / Politics & Society / Re: To liberals, if everything were paid for would you still demand taxes? on: May 13, 2013, 01:05:29 AM
Would you be ok with nobody paying taxes for those 30 years? Even rich people and corporations.

Why would there be any need for taxes in such a situation?  If possible, we should engineer a situation like that without waiting for an imaginary zillionaire to do it.  It may be possible technology fixes our basic needs situations some time within our lifetimes, leaving humanity free to pursue greater goals.

It's more likely we'll fuck it up somehow, though.
1285  Bitcoin / Bitcoin Discussion / Re: WARNING! Bitcoin will soon block small transaction outputs on: May 12, 2013, 09:53:32 PM
Yes the client can change the amount of dust you keep, in the blockchain and relay, but if I want to send 0.00000001 regardless of the fees. If no miner puts it into the blockchain, and since this is on by default, no one really changes that, it will not be included. That is censorship. Now tell me how do I prove censorship with numbers, cause I never been asked that before.

If any miner does include it, it will be.  So if there is a market for such transactions, they will be included.  And yes, you can send whatever transaction you like.  It doesn't mean you can force anyone to confirm it.
1286  Bitcoin / Bitcoin Discussion / Re: WARNING! Bitcoin will soon block small transaction outputs on: May 12, 2013, 06:57:33 PM
gweedo and johnblaze: Take your silly fight elsewhere and don't clog up this important discussion.

Thank you.

Oh, please.  Don't act like you expected reasonable informed discussion, naming the topic with "WARNING!" and "block" and an OP containing accusations about "hiding away all the debate on GitHub away from the general public", "secrecy", and scare words like "[you will] find yourself shutdown overnight" if you deal with picopayments.

Indeed.  Since when is GitHub "hidden?" 

I also note Gavin is participating on the legitimate tech thread, just not this troll thread.
1287  Alternate cryptocurrencies / Altcoin Discussion / Re: The end of Alt-Coins on: May 12, 2013, 06:51:37 PM
Metoocoins are increasingly annoying.  Few of them have any likelihood of ever amounting to anything, and to the extent they don't add anything new, aren't even useful as experiments.  A new altcoin should have at least some new feature that gives it at least experimental value.

As it is, we're just getting Derpcoin, a new Herpcoin variant, that you use to. . .do what, I don't know.  Annoy people, apparently.
1288  Alternate cryptocurrencies / Altcoin Discussion / Re: Self moderated topics? on: May 12, 2013, 06:48:32 PM
It's for scammers so they can delete post they don't like..

It's also for trolls, so they can make troll posts and then delete responses they don't like.  I wonder whose idiotic idea this was.
1289  Economy / Scam Accusations / Re: Butterflylabs Huge SCAM on: May 12, 2013, 06:38:43 PM
IMHO, if a company needs money for R&D, stay far away. I also noticed over the years the only one's who got their unit's were those DEEPLY embedded in the BTC community. (Me thinks to build more trust)

Not to mention fellow scammers like Luke-Jr.  Conveniently scheduled to scam the betters on the betsofbitco.in bet.
1290  Economy / Service Discussion / Re: CoinLab suing MtGox for $75 milliion? on: May 12, 2013, 02:18:29 PM
Would a freezing order would be enforceable? It is not a final and conclusive order.

The nested quotes in this are a bit confusing.  I didn't write the directly quoted text.

However, I'm not sure such an order would be enforceable through the method used for domesticating a final judgment.  I'm pretty sure it wouldn't be.  I'm not sure if there would be some alternative.  My guess would be yes, but I'm not going to go much further than that, because I don't think a court in either the U.S. or Japan would grant such an order in the first place.

So far as I can tell, Gox is still operating and solvent and freezing its assets would just bankrupt it (making it unlikely any judgment could be paid).
1291  Other / Off-topic / Re: Interesting facts that only you know on: May 12, 2013, 06:06:57 AM
I know what I have in my pockets.
1292  Economy / Gambling / Re: BOYCOTT MPEx & SDice [RACISM] on: May 12, 2013, 05:59:52 AM
might be more effective to just ignore them

Hard to do that when in many cases, they are the ones with the monopoly of force we call the government, and are wrecking the world we live in with their insane policies.

And yes, I know you mean stupid people here.  But stupidity kills, and not just the stupid.
1293  Economy / Speculation / Re: What is going on? Trading volume is so low! on: May 11, 2013, 06:44:48 AM
Yes, I understand your feeling, and I concur. I'd rather buy Bitcoin at $50. But in very recent history, stacks of people spent plus US$120 on bitcoin, and not long before that US$160. So now its US$110, why is volume so low?



Because price is stagnant.  People trade in high volumes when they're either exuberant that the price is going up or panicking because it's going down.  People are just adopting a "hold" position.  If the price starts fluctuating a lot again, there will be more volume.
1294  Economy / Scam Accusations / Re: Butterflylabs Huge SCAM on: May 10, 2013, 05:42:17 PM
Seriously.  Yuck.  Josh IS a terrible product.

What a shitty scam company.  I'd suggest to anyone that if you want to post your experiences with this scam operation here, you do it under another name.  You might want to be able to sue these scumbags at some date in the future, such as either after they ship or when they default and run off with their stolen money. 

In either event, their illegal misconduct has probably cost you money you could sue over.  But they probably cover their ass a little bit with their new "involuntary refund" policy.  So if for whatever reason (such as having waited almost a year already) you don't just want to refund now while they're still offering refunds, you shouldn't let them know of your dissatisfaction in advance.

Wait until you get your product.  THEN sue them.  Or whatever other means of revenge you can figure out.  It's possible, of course, that if you get the device early enough and it works well enough, their customers will be somewhat mollified, since so far as I can tell, the people with pre-orders want nothing unreasonable.  They just want what they paid for a long time ago.

Josh responds by pissing in their face.

What a complete piece of shit scumbag.
1295  Economy / Speculation / Re: Predictions for the next bubble on: May 10, 2013, 05:36:50 PM
My guess would be anywhere from 6 to 18 months, peaking at anywhere from $500 to $1,500 USD.  With a crash to a bottom value of anywhere from $200-600.
1296  Bitcoin / Mining / Re: Why does everyone think Solo Mining is a waste of time? on: May 09, 2013, 11:44:31 PM
The expected value of solo mining versus mining in a pool that takes a cut (or can in theory steal your BTC) is actually higher than that of pool mining.  However, with pool mining, the variance in results is smoothed out.  You are very likely to get paid steadily.

However, with solo mining, anything you mine is your own, and no dishonest pool or third party can simply steal your BTC.  You might make nothing for a long period of time, or you might get way more than your "fair" share of blocks.

So it all comes down to your tolerance for risk.  If you need steady income from mining to keep your lights on and your rigs running, pool mining is the way to go.  If you just like certainty, pool mining is the way to go.  If you would rather maximize expected value and it doesn't matter terribly to you if you quite possibly don't get any blocks at all for a period of time (and if the difficulty increases during a bad spell you might miss out entirely on a profit opportunity), then solo mining is no more a waste of time than pooled mining.
1297  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Preparing To Launch] Onecoin: The Most Expensive Coin Ever on: May 09, 2013, 04:35:21 PM
Okay.  I'm going to create a coin that is limited to a number of coins equal to the complex number, i - 1, divided by zero.
1298  Bitcoin / Bitcoin Discussion / Re: Poll: How do YOU use Bitcoin? on: May 09, 2013, 11:49:41 AM
Gambling, mostly playing poker, and selling when I need some money.  I don't buy, although I probably will buy some on Coinbase at some point just to up my sell limits.  I'm in no real hurry, though, because I have yet to exceed or even get near exceeding them.
1299  Economy / Gambling / Re: Dragon's Tale - a Massively Multiplayer Online RPG/Casino on: May 09, 2013, 08:00:09 AM
Is Dragon's Tale still active?

Yes.  Lots of new nicks showing up I've never seen before.  Still a fairly high churn rate.
1300  Bitcoin / Legal / Re: US financial regulator: We could regulate Bitcoin “if we wanted” on: May 08, 2013, 07:28:51 AM
No, not really .. they have essentially pegged their currency (franc) to the Euro. So they are being dragged into it whether they like it or not now.

Bad play.  Often, pegging currency to the value of another currency, without regard for its inherent value, leads to a dramatic devaluation at some point when the market refuses to continue going along with the fiction.  A cascading series of economic failures resulted from the Thai government's insistence on a fixed exchange rate with the U.S. dollar, leading ultimately to the 1997 Asian currency crisis
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