whatever the case may be...I think this subject deserves some sort of comment from AM. They must have some ideas how they will proceed. Better we know now than when it is too late (havelock shuttered)

Can't believe even colored coins and counterparts are under attack too though!?! I thought they were immune to this BS.

You need a business plan with financials projected 6 months, one year...etc.
what are your costs? what are your projected earnings.
Even the chip producers are having trouble these days, and they paid cost for their equipment.
you could start by telling us who you are and listing your relevent experience with links. that would be a very transparent way to begin.

whatever you bring to the table, everyone in this forum sub will pay attention. If you bring a solid plan, you might get some investors. If not...good luck.

zumzero... what the???

i finally went and looked at your post history. Confirmed everything I thought... his 3rd post ever has a shill for active mining in it (go to his earliest posts and see) after that he pretty much only posts in activemining thread.

This is GREAT news for BTC. not so great for western nations though. yet again the japanese are going to dominate the west. I have no problem with that. most of my appliances and my car is japanese made. to the victor go the spoils!

you should change the title of this thread to; "Police officer just shot (an innocent citizen in the back) in any american city or town you can name". much more accurate than the original.

No user can change their avatar. it has been disabled. I thought I heard some talk that there was a security vulnerability associated with it. not sure if that is true or not. For more informed info on this look in Meta https://bitcointalk.org/index.php?board=24.0

there has been an iOS app for mining around for quite some time now. IIRC in the description at the app store it reads something like this "does it work? Yes! Will you make lots of money? No."

more of a novelty than anything.

both have pros and cons, neither will get you ROI.

If you must enter the mining game you can get mining hardware for fiat, mine with it, then sell the hardware thus reducing your $$$ outlay. with cloud mining you could feasably buy into a contract, get some dividends then sell the contract so that your costs arue covered but this might be harder to do than it is for me to type it. fewer and fewer knowledgeable people are willing to take a chance, and if they do, it would have to be at IPO because the profit margins are less than thin.

I managed to squeeze 2x my investment out of a year-late BFL 60ghs miner because a) I paid in fiat b) I recieved the miner and managed to mine almost 5 btc before it became too expensive to run, and c) after I had mined ~3.5 btc the price shot up to 1200/btc so I covered my fiat costs by virtue of a bubble.

so, while i like to brag about my flukey success with mining, it was just that, a fluke. I would not do any mining right now, and wont any time in the future. you are smarter to just put your money into btc and hodl.

i will walk around saying "I dont believe it!" because... i dont believe it will reach 1m. but i was walking around saying that last year at the previous ATHs, so at least i am prepared.

dont get your hopes up. check the speculation section of this forum. if you can read past the trolls fud sters and lunatics, some users have a decent grasp of economics and what is and is not feasable and why.

no one knows, really, but some educated guesses make more sense than others. i dont expect any dramatic rise in the future, but slow steady increase over a very long time...most likely. check back in 10 years.

yup, these forums are full of dreamers. Get rich quick schemes will always appeal to the dim and lazy, and with bitcoin's ridiculous performance 2012-2014 there were a few hundred thousand suckers born all at once.

10 000 btc? call me in 20 years. of course by then 10 000$ will have the purchasing power of about 390$

I can inquire around. I know a book store downtown that accepts it, and a cafe, i dont think they do much business. I dont know many tech sector types, but I'll put the word out, maybe we can get something going.

Dont expect too much too soon. I suspect the interested parties are already paying attention, probably have been in contact with you... it is seriously difficult to get anything new rolling here. I came here 10 years ago to run a friends art gallery and I was paying money from my own pocket to keep it open, I had to beg people to come to shows, i advertized FREE WINE!!!! I'm not really involved too much any more, but 10 years later they are still struggling to stay afloat. Victoria is a very insular small town and everyone is very resistant to new ideas and change.

If there;s anything I can do to help, or if you have suggestions for helping me evangelize the bitcoin let me know. I do what I can but it is frustrating... the reaction is only ever one of 2 things...they already know everything they want to know, or, outright dismissal.

Interesting offering. What is the "exit strategy" for investors? 5 petahash might distribute nicely for a few weeks but sooner than later difficulty will shrink the divs and devalue the share price. Is there some foreward looking plans for this inevitability?

 I have a local roaster that puts out nice Peruvian beans. Grind to expresso coarseness. Then, french press onto sweetened condensed milk, mix and pour over ice. Tastes almost like chocolate milk but is pure rocket fuel!

yes, its like "never let money come between friends"

people who are actually close that I want to send payments to; I set them up with a btc wallet and boom they are paid. introducing them to bitcoin mechanix is the second bird killed with the proverbial single stone.

people i know primarily from facebook/twitter/instagram...they are already cramming my feeds with entreaties to join their fundraiser/indigogo/kickstarter.

fuck them, fuckin beggers. No friends of mine! I foresee venmo becoming very quickly filled to capacity with nothing but.

might be more effective to do give aways. they would have to be face to face transactions (nobody to trust in this forum) and small amounts. you'd have to actually invest more time than money here because you would prolly need to walk your new friend through the basic stuff, wallets security etc.
I would rather (and have actually) give away 1 btc split amongst 10 friends to introduce them to the economy in a small but tangible way than waste 1 btc on some garbage I neither want nor need from New Egg.

If you are ready to stand by your convictions, which I will take as not entirely self serving, you will agree and distribute what you can in the name of fostering awareness.

I wish a little of that bitcoin sentiment would blow over to the island here (victoria bc)
half the people I know are living with woodstove heating and no computers(!) total luddites! its funny because they are such anarchists that I thought they would all love cryptos, but alas, the same internal power struggles and high-school dynamics that led them to rebel against society have also made them bitter, narrow minded and paranoid. maybe i need some new friends lol.
sigh. its always more exciting over in van groovy! good work guys!

Jack Ma (Alibaba) gave an interview a few months back and said he was investing in cryptos, but not bitcoin specifically. he said this around the same time as the announcement that some major banks would work with XRP. coincidence?

I have to agree with a few things he says, even if I don't like it. Bitcoin hasn't found its use as a currency yet. It may dwindle and die like he says, but it could find its role in the payments sphere and krugman can go STFU.

He's definitely correct when he says people don't care about decentralization. Yet! 20 years ago many city dwellers would scoff at growing their own vegetables or giving up their car for a bicycle. You can go to any city in the developed world and see this is changing. Things like wiki leaks, dark web, and Bitcoin help big time with this shift in societal attitudes. It's still too new, but when the "little guy" figures out he can be his own bank, and takes action thusly, we shall see great things.

Part of me thinks he wrote the whole article just to frame his weak "fax machine" analogy

It is not stuff I like to hear, but he raises many points that have been nagging me, in the back of my mind, for a long time now. after this dissapointing year (post crash from ath) I'm more and more inclined to side with him, even though I know how he likes to stir the pot for attention.

Bitcoin's use as a currency does seem to be very low on the list when development enters the discussion. Question is; what would the $ value of Bitcoin be if it found another use?