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Hopefully the hype is gone so when can start building the actual Bitcoin economy, the real guts of it - merchant adoption, international remittance, developer infrastructure, allowing transaction types that were previously impossible (e.g. MULTISIG, ANYONECANPAY etc ...).
what are you talking about? price drives a ton of the things you want to happen here, so it should be a part of the conversation. price goes up, ALL of the things you mention get more attention put on them, and more work put into them.
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I can;t stop laughing at people suggesting an escrow , (third party) for a supposed decentralized and p2p currency.
You see the Irony in it?
no, I don't. I'm certain that a third party doesn't 'centralize' things, and it's certainly in the spirit of p2p. They say escrow, what they mean is trust. Find a means to pay someone that includes enough trust for you to be satisfied with the transaction. The same with ANY transaction, BTC or otherwise. Where's the irony?
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Also if I were to sell BTC why would I really want the rupees? So I can see BTC commanding a premium in India - bifurcated exchange rates due to capital controls?
Um, you just said it yourself. So you can rent your beach house for 30k ruppee's without having to deal with ATMs. Just trade your bitcoins..assuming the beach house renter doesn't know what BTC is. Or if they need some of the 30k to pay back the mortgage on the beach house because you paid them in BTC. Lots of reasons people might want to convert it back.
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They clearly recognize the potential of Bitcoin as an upcoming ecommerce payment system or a store of value, and as a bank, of course they're interested in the potential, because people are going to need to convert money between Bitcoin/USD.
Hopefully their involvement also brings their lobbyists to keep strict regulation and laws away from the profits they'll be pulling in with BTC..they benefit we all benefit I'm guessing.
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I feel like this doesn't address that there is in fact already the infrastructure in place to move litecoin into 'acceptability' much more quickly then 2011 bitcoin.
We already have services like coinbase, bitpay, mtgox, etc. that make it fairly straight-forward for merchants to accept bitcoin. That was the hard part. I don't see a reason that any of these services in the future couldn't roll out litecoin support, and instantly put it's acceptability right up there with bitcoin.
I'm not saying it's there yet, but I don't think comparing it to a 2011 bitcoin is a very fair comparison when in fact lots of pieces are in place to make litecoin (or any other coin, for that matter) acceptance a much more simple proposition.
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Ok, having a super strange problem...
Have a new setup with 1x 7990. Installed AMD drivers (latest), fired up guiminer. I have this sucessfully installed on 6 other computers, no issues. This is the only one with a 7990, so I'm guessing something there is causing the problem..
When I start-up guiminer, on my 7990, gpu #2 immediately goes to 100% usage. There are no pools on autostartup (or even entered into guiminer, for that matter). No settings yet. Just a fresh install. Shut down guiminer, #2 goes back to 0% usage, so I'm certain it's causing the problem.
Any thoughts??
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all slots full? what is the fee on the pool?
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bump with large price drop (to $535 shipped). Have 1 of these left. BTC (or LTC) only.
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I'm looking to setup a private pool and have some questions I'm looking to get answered from someone who has run a fairly large pool before.
Looking for: Advice on hardware selection (to run the pool) Advice on software selection Setup & Installation of the pool
thanks!
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dropped to $665 because of new pricing i didn't realize existed
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Up for sale are 2 Diamond 7990s. I intended on mining with them, but never got this PC put together. They've been sitting in their boxes collecting dust for to long now, so I want to get rid of them.
Asking $535 each, free UPS shipping to the continental US.
any questions just ask. Thanks!
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Renounce US citizenship and start the exchange in Costa Rica. Just never travel to any countries that extradite.
Doesn't it take 2 years to become a resident in Costa Rica? If you don't have a US citizenship in the meanwhile....what exactly happens? Also, would just being a resident there be enough to get you a Costa Rica passport? How would you ever leave?
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I mine LTC on both sapphire and gigabyte (WF3) cards, and the gigabyte ones are infinitely better.
I get about 720khs per card (vs about 660 on the sapphires) with the following settings:
Core: 1045 Mem: 1500
Concurrency: 8192 Vectors: 1 GPU Threads: 2 Worksize: 256 Intensity: 13
I wish I had only bought the WF3 cards..
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I would send Bitcoins to people in the other countries to pay them to prepare whatever I need before I get there so did the fellow in that article, and he was still turned back..
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I was more concerned with the pool operating properly more so then possessing more coins. the round estimate of 12 or w/e and recieving 1.9 just threw me off. lol
The payout is based on the actual share ratio. The estimation seems to be inaccurate for most pools. The estimate is actually (looking) pretty accurate for me. About 1/3rd of the shares, and 1/3rd of the payout. Just happy I could leech off your blocks during my apparently bad luck streak
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Free bump, just to update you so you know you need to update your original post because of the bb code in it:
Address: stratum+tcp://coindog.net/b]
should read
Address: stratum+tcp://coindog.net/
Also, you're 'getting started' page should be updated so it's got those details too. In any event, I'm jumping in because I suspect my last pool wasn't reporting all the blocks. I have no proof, so I'll leave it out of the thread...
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Down again?
for me too. please come back, don't subject me to my old, inferior pool...
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