But if limitations are only placed upon a person by themselves, and that mental diseases aren't real, a Down's sufferer has all the tools at his disposal to simply will himself into a more healthy mindset.

Quod erat demonstrandum Down's victims are just basically lazy, or to open up on your further thesis, Hitler reincarnated.

Where do I send my bitcoins?

I'm guessing children shouldn't be vaccinated against diseases that have a cognitive impact either. Oh, and alpha-fetoprotein screening isn't done to single out birth defects like Down's syndrome, but to satisfy the physician's monthly baby killing quota, 'cause you know, they can be teached how to be less afflicted.

Here is the mission statement from the OP in your banking thread:

Where in there is there talk about buying you toilet paper? But as a larger question, you realize that when you're the owner of a company, the due process is to give yourself a salary, not to use the corporate check book as their personal piggy bank. Not withstanding the philosophical argument you'll no doubt try to spin, this is a legal requirement. Full stop.



See above, and might I add that if you can't divide your personal and professional life, you're not ready to take on larger projects.


This is wrong on so many level it's not even funny. Also, keep your personal beliefs to yourself in a business setting, I have a nagging suspicion you burned through a significant part of what people where still rooting for you.


"after this, therefore because of this"

You're litteraly using one of the main logical fallacy demonstrators to sound educated, but in a hilariously wrong way. You were thinking of quod erat demonstrandum.

Needless to say I rescind any previous offer to help, you obviously haven't attempted to put in practice my previous recommendation.

Well it was more re: the 4BTC to repay the outstanding 100BTC loan, the way he worded his reply, using his bank account as a back up fund to cover business debt, while not as bad as parsing other investors cash, is still a no-no. It also goes the other way, with the owner seeing corp funds as personal fund.

But in this case, he said the interest on principal was covered by the the principal of another loan, which despite being covered by personal assets, raises a multitude of red flags for me.

The proper way of going about this is to have the owner inject capital as contributed equity, then leverage that either as cash or receivable investments. You can add personal funds of course, but not only would I advise against doing so willy-nilly, but taking said funds back out might involve requirements depending on your country or state. In my neck of the woods dicking around with this invokes an automatic audit.

In layman's terms, don't piss where you sleep.

Dank, if you can't make sense of what I've written, please (ideally) get an intro business accounting course (45ish hours IIRC) or at least read up and study online, this is the most basic stuff to know in business.

This is awesome in so many ways...

Quick protip, seperate your personnal and business funds.

As it stands, since it's a rather volatile commodity and a techy one to boot, I'd go with that for general advice. Maybe it will change with wider acceptance (and more formal counselling options), so it's not impossible down the line.

I live in a town with 230k residents, one college, a couple of trade schools. I'm right next to a 1,3m resident city. I have a hookah place near by, two if you count the Lebanese restaurant that advertises it as available, though I never saw any in use.

I did hang out enough at the hookah place to get a decent idea of traffic and demography, college students are the cliché crowd but there seemed to be a healthy amount of young people, all situations of life mixed. A decent bloc of older gentlemen of various Arabic descent was there regularly too. A town with a decent amount of young people should hold the required client base, baring local and cultural issues. Might not seem relevant, but in a town with a strong anti-Arabic/Islamic sentiment or whatever ass backwards prejudice the flavour of the month is, a decent plan might fail spectacularly for no good reason. This is more of a risk analysis thing though, I'm getting ahead of myself.

I will say though that like a lot of other entertainment venues, you could hear crickets during the first half of the week, and even after that the real traffic was seen after 5PM. I used to pretty much squat the place non-stop to study during the after-noon, my record being something like 35 days straight, but I stopped when I realised they essentially stayed open just for me. Felt appreciated but kinda bad lol.

I did end up helping them get enough traffic to warrant opening up again in that time slot, but that came with a new set of requirements like an enterprise level internet access, a solid networking backbone and a projector. The service was initially offered per hour, but rapidly made more sense as a loss-leader for beer sales, with a 4 hour voucher offered with purchase. You might not want to go that route, but bundling it with something with a high margin like pistachios or fresh fruit smoothies might fit well.

Taking on a more diversified mission like operating as a non-smoking café or restaurant during the day might make more sense, even if you previously said you wanted to stick to packaged food. Non-smoking would allow you to fetch a more broad customer base, cracking the business crowd at lunch would bring in decent revenue. As much as I appreciate the smoke, no way I'm bringing that back on me back to the office. If you have outside space you could offer that there during the day.

You might not want to take that on, but you might want to partner up with someone more interested in the food side of the business. That would allow you to divest some of the hookah-centric responsibilities to them as well, but that comes with other responsibilities as well.

tl;dr smaller towns are a possibility.

Fair warning, I'm doing an all night study session, words or phrasing might be awkward.

I can't see Bitcoins as something in the "fire and forget" category, at least for now. Let's be honest here, it's a fickle bastard that needs to be managed (if not micromanaged at times), and to a complete stranger being handed a thumb drive with nothing else than a wallet.dat file will probably end hilariously for those not involved.

There are a few things to do right now to be sure your beneficiary gets the information and access in the first place.

First of all, as with anything digital, be sure you have a Transfer-on-Death mechanic in play at some level, with secure triggers. Personally I opted for bank storage, along with relevant accesses to that and various online account with a lawyer. Poke around, there are many options to address this.

Next, since arbitrage of BTC is a bit funky at times, having to go through either one or many websites and methods to transfer the coins back into fiat, make sure your beneficiary has clear instructions on how to cash out. Depending on your financial position and that of the people you leave behind, rapid access to the funds to cover final expenses might be an issue. Even if not required, the people to whom you are transferring to might not be inclined to stick with BTC. Write down instructions on how to liquidate the assets.

Keep all of that updated, keeping in mind your wallet backup strategy and the ever changing bitcoin landscape.

After that, look into a biological testament, if you haven't already. If you have any doubt in the ability of the people likely to take care of you in case of an incapacitating medical situation to correctly manage your portfolio, consider adding the same transfer trigger in that document. Better they pull out right then and there while your assets are still fresh out of your management than leave them at the mercy of market forces unchecked. Rapid divestment into fiat might not be the most profitable move, but hedged against the risk of non-management I'll stick with the safe, boring route if my family is concerned.

Interesting thread though, I suspect that as time goes on these end of life issues will creep up more and more, it should be discussed. Longer term, when more established fund BTC institutions appear I guess the currency could be managed like any other asset by an external partner, but as it stands, I wouldn't thrust a newbie into our market, especially with the shadiness involved.

Loosing inheritance to stuff like a PPT after loosing a loved one would be a swift kick in the shins, at the very least. Caveat emptor, sure, but the common man doesn't have the street smarts to survive the current market with any large BTC amount.

EDIT: Oh, and in the case of a SHTF scenario (zombies and whatnot), if it relies on the internet, it's dead, BTC included. Period. This is a P2P currency after all, until there is some kind of mechanic that allows stand alone transactions, no go. For once Hollywood might be the best source of advice, take note of the stuff people always seem to need and hang out on a survivalist forum for a while.

Word of advice, the best constructive criticism comes from the people screaming it at you, albeit sometimes in a deferred fashion. This is true if it's coming from your boss, your class mates, your clients, hell, even from the mugger robbing you at gun point.

There is always a reason why people go after you, though their reaction might not be reasonable or measured. Find the trigger, take an honest look at it and see how you can learn from it (and ideally avoid repeating the same argument cycle).

I don't really have a dog in this fight, being new and all, so I guess I can say with a certain neutrality that you escalated the argument first. Now, you can see this last phrase as a personal attack and dismiss me as a troll. Fine, less work for me this week-end.

What I hope you'll do though is take the time to read the whole thread again, look at the various interaction between you and Ant (and others), identify the breakdowns in comms and think about how you could've mitigated the conflict or even turned a situation about to go sideways into something more positive.

In my professional opinion, the original path Ant took was the correct one by challenging you. Personally I would have distanced myself somewhere around page 5, but the fact that he kept trying to hammer in some actually really pertinent info cost, risk and management wise is still a credit to his person, though he might have taken the whole thing too personally.

Read the thread from page 1, assess truthfully and impartially, then decide how you want to proceed. This will show me (and others) you're willing to be serious about this.

Ego has no place in business, at least in public.

I'm almost tempted to write up a complete cost analysis, but after seeing what Ant caught attitude wise, I'm hesitant.

Dank, if you promise to cut the attitude, provide a minimum of info (IIRC you're in Cali, right?) and apologize to the people you gave sass to, I'll consider it.

<-- third year accounting student

Fair warning, the market value of 20Gh/s is set to devaluate quite rapidly in the short term. This isn't a shot at the seller, or even really aimed at potential lenders, more of a "check your numbers to see if it's wirth it" thing.

Also, at 11% interest weekly and a 19.41BTC weekly payout, it's oustanding value will be around 142,000BTC by the end of the year. You might want to look into that lol.

I'm guessing you're buying a BFL mini, hopefully to swap it in for the new ASIC version, but at 11% weekly you're looking at 22.5k% compound per annum, not something I'd enter into.

I'm looking at those, and will definitively be doing a serious evaluation when the market reshapes with GPU exile. I do confess having major trouble deciding on which to consider, or to pull the trigger at all.

At least at 5.4¢, my electricity will allow me to hold out far into the fall of GPU mining. Hell, I might even hold out a while more over cost just because I find exchanges that much of a pain...


aka just dumping them on eBay.

I like my rig, I'll piece it out if it comes to it, but I'd rather keep it around.


In previous years I would have done it, at least during downtimes, but with a student strike decimating my possible work period between semesters, I need to milk every resource possible. I've even been speeding through online surveys late at night...

 (╯°□°）╯︵ ┻━┻

Didn't know about this particular project, bookmarking it!

Greets,

Not sure where to post the question, so here it goes. So after ASIC hits full force and GPU mining becomes obsolete, apart from selling your hardware what can you do with it?

I run a decent sized cluster for school purposes at home and I will not be pulling it down after the paradigm shift. Last year I plugged in a bunch of GPUs in the racks to monetize the downtime on the cluster and mining has provided me a nice source of pocket money to run and build it.

I'll be renting some boxes to host VMs for school mates next semester, but a) I doubt I'll be running at capacity, and b) I'd rather keep prices low to allow any of my colleagues access to tools to help them out. I'm looking into various possibilities to rent out processing capacity as well, but contract work of the sorts is a bit too random and sparse to dent my costs.

So, is there something out there that allows for a passive source of revenue in exchange of my boxes?

If relevant, most of them run on a i5 2500k, lots of RAM, SSDs and piles of 5xxx GPUs on board.

Thanks in advance!

Greets,

Both for mining and other uses I occasionally purchase used GPUs, especially if the card will be in a high-stress, low survival environment.

When ascertaining if the cards I'm looking at are worth the price/at all, I whip out this little questionnaire:
1- How old is the card?
2- Was it pulled from a system running 24/7?
3- What type of use was made of the card?
3.1- Any super stressful use like mining?
4- If known, what was the average temperature?
5- Was it left stock or modified?

Since a lot of you guys must have been doing this for longer than me, along with a test on one of my own systems, am I leaving something out?

After 7 years of playing EVE: Online, I never trust anyone anymore.

Mornin', afternoon or evenin' depending on the case, looking forward to get some reading done and ask a couple of hopefully not too newbie-ish questions when relevant.