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21  Bitcoin / Mining speculation / Re: No ROI on future Mining, its a FACT! on: January 17, 2014, 11:10:24 PM
Bitcoin will revolutionize not only money/markets etc, but many other aspects of our life. It will bring free abundant energy possibilities soon enough.

Bitcoin is based on PoW, how can you say that?
22  Economy / Speculation / Re: ARGHHHHH!!!! Bitcoin going through floor on: January 17, 2014, 11:07:58 PM
we have already bounced back haven't we?
there will to be blood this weekend Tongue
23  Alternate cryptocurrencies / Mining (Altcoins) / Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Development on: January 17, 2014, 11:03:56 PM
I would be interested to buy one of the ASIC miner but I am afraid about their delay in delivery

Don't preorder, if you want to invest it's always better to buy coins directly.
imho this is a scam or another BFL anyway
24  Economy / Services / Re: Earn up to 0.8BTC/month just by posting! - Advertise for PrimeDice.com! *Updated on: January 17, 2014, 04:31:09 PM
I was actually surprised I didn't get paid yet.  He said to send PM's early so I sent one pretty quick yesterday, and haven't gotten paid.  He said he'd be busy on the 17th so not sure what that means.  Still, I wouldn't bet against him, why would he do that with Primedice going so strong and he has a great track record.  I think patience is just needed. Smiley

I believe Stunna can save a lot this month comparing with last month Grin

Nah, I don't think so.
He is probably just busy or doing something more urgent
he will probably take care of this soon enough
25  Bitcoin / Bitcoin Discussion / Re: U.S. announces forfeiture of $28 million of bitcoins belonging to Silk Road on: January 17, 2014, 04:28:47 PM
US will keep the bitcoins seized and probably it will distribute them to spies across the world :-)
What's the news here?
26  Economy / Speculation / Re: BTC Beginning of the End ! on: January 17, 2014, 04:23:06 PM
Mining factor fell to 22 cens per 1Gh at 24h, and the Bitcoin price continues to fall.
For next 7 days we will have the new mining factor -30% in the best case 15 cents per 1Gh at 24h.
(if BTC price stay at 900 USD)

View Screen Capture

Producers ASIC technology will massively to leave the Bitcoin mining,
when mining factor reach red line of 5 cents per Gh at 24h, and there is the beginning of the end.



Wow!  This is certainly frightening confirmed bad news.  Thank you for letting us all know.  To help consolidate all the bad news into one place so that people can easily see just how bad things are, please post your news here.

Posting your bad news there will give it the most visibility and will help the greatest number of people know how bad the market is so that they can intelligently choose to SODL all their bitcoins and SHOTR bitcoins if they don't have any.  Thank you for your service to the community.  Please continue to post more confirmed bad news as you discover it.



This is the reality

igorr this is not the reality at all, in the past people mined at tiny margin / loss and they have been well paid on the next bubble. This is not the beginning nor the end of anything
27  Economy / Services / Re: Earn up to 0.8BTC/month just by posting! - Advertise for PrimeDice.com! *Updated on: January 17, 2014, 06:46:38 AM
PM sent, signing up for this month

Starting Posts: 519
Bitcoin Address: 16ixUEn5WfwTovtamB4magRpFRxytQmMy8
28  Economy / Services / Re: Earn up to 0.8BTC/month just by posting! - Advertise for PrimeDice.com! *Updated on: January 16, 2014, 11:23:14 AM
I think this is great idea and it will stop spambots and people from creating alts to spam.
Hopefully signature advertisings can continue on this forum :-)
29  Economy / Speculation / Re: The rough seas are calming. The calmness before the storm perhaps! on: January 15, 2014, 12:44:36 PM
End of the Chinese year, US senate hearing at the end of the month
30  Bitcoin / Press / Re: [2014-01-13] Bitcoin bubble won't last without Beijing's approval on: January 14, 2014, 10:26:23 AM
http://www.scmp.com/comment/insight-opinion/article/1404497/bitcoin-bubble-wont-last-without-beijings-approval

Quote
Bitcoin is a bubble that foreigners cooked up and, by all appearances, is designed to rob the credulous Chinese masses. When the bubble bursts, the Chinese government won't be able to arrest these foreigners and get the money back. The bubble is not under Chinese government control. Hence, it cannot be tolerated.

WOW! Such a bold statement
Be Chinese / live in China must be shit, don't really who let them be so important in the current economy.
Better if they decide (apparently they already did) bitcoin and catch up later in a few years
31  Other / Beginners & Help / Re: Which coin would you use in your everyday life ? on: January 10, 2014, 12:16:44 PM
LTC, unless I really really trust a third party and do offline transaction with BTC

For me BTC is too slow for every day life even if it changed the world of money.
This again?
Have you actually used BTC to purchase something. It takes seconds. There's no need to wait for confirmations on low value goods.

Huh
I think you meant 1 confirmation is enough?
It depends on how much you are prepared to lose
32  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coins are going to crash or have crashed because of high inflation? on: January 10, 2014, 11:58:17 AM
not sure why you used the word "inflation", I would have used speculation or better, market manipulation
33  Bitcoin / Press / Re: [2014-01-09] Ultima's Richard Garriott says All MMOs will accept bitcoin on: January 09, 2014, 02:05:17 PM
really good news for bitcoin
very bad news for the entire human kind LOL
34  Other / Beginners & Help / Re: Hey from the UK :) on: January 09, 2014, 02:03:11 PM
Welcome. I am also from the UK. It's not really that cold here at the moment.

Actually today was a fantastic unexpected sunny day in London Smiley
Welcome aboard editor22
35  Bitcoin / Pools / Re: Why are people drawn to GHash.io, and how can we reverse it? on: January 09, 2014, 02:01:15 PM
Yeah, 60% is a lot. Could do with having a dozen "big" players. Unfortunately its a free market, so what to do?

This issue has been already pointed out during last year bitcoin conference.
That's what you get with proof of work and ASICwith an "high" entry barrier.
Core developers should seriously start to think about a way to mitigate 51%

Except that miners have zero incentive to destroy the bitcoin network. Its like cutting off your own head.

LOL Why are we talking about miners?
Pools operators have the real power, miners are only sending data.
What are you talking about?

And where do pool operators get all their profits from? Miners. Doh.

Right ok, you won. Miners have the real power...
36  Bitcoin / Pools / Re: Why are people drawn to GHash.io, and how can we reverse it? on: January 09, 2014, 02:00:32 PM
Except that miners have zero incentive to destroy the bitcoin network. Its like cutting off your own head.

Not true miners obviously have incentive to destroy the bitcoin network.  This doesn't mean they are doing it intentionally.  What I have learned at this point is that if wall street wants to destroy bitcoin one of the ways is creating a slick, easy to use pool with great payouts and lots of incentives.   Miners will jump to them for easy "profit" and once the network gets 50%+ it's game over.  You think wall street would have a problem dumping billions of dollars they would never see again into destroying bitcoin?  They would do it without thinking and the billions lost creating a slick miner friendly ticking time bomb would be like you losing a dime in the couch cushions.


So Wall St owns ghash.io is what you are saying?

More like the City Tongue
37  Bitcoin / Pools / Re: Why are people drawn to GHash.io, and how can we reverse it? on: January 09, 2014, 01:58:23 PM
Yeah, 60% is a lot. Could do with having a dozen "big" players. Unfortunately its a free market, so what to do?

This issue has been already pointed out during last year bitcoin conference.
That's what you get with proof of work and ASICwith an "high" entry barrier.
Core developers should seriously start to think about a way to mitigate 51%

Except that miners have zero incentive to destroy the bitcoin network. Its like cutting off your own head.

LOL Why are we talking about miners?
Pools operators have the real power, miners are only sending data.
What are you talking about?
38  Economy / Speculation / Re: Single digits this weekend? on: January 09, 2014, 01:54:38 PM
Elwar I think you are right, tomorrow there will be a major negative announce and the price will drop to $10 to then bound back to $850 and deep down again to $10.
39  Alternate cryptocurrencies / Altcoin Discussion / Re: Guard against 51% attack? on: January 09, 2014, 01:51:25 PM
The solution shouldn't be based on pool hashrate as a person can setup multiple pool and then switch to perform a 51%
40  Economy / Service Discussion / Re: SurfScientist.com just got HACKED on: January 09, 2014, 01:49:08 PM
what's the point of the whois pasted about and what's surfscientist.com anyway?
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