Every new business Bitcoin adopter is a win for the movement 

I pondered what a true hardwallet would be like.

Paperwallets are good and have a good use as a means to give Bitcoin as a gift card or form of payment to your local sect.

But they are not really that good for long term storage. Paper degrades and gets brittle over time, and paper is susceptible to fire and water damage. One spilled Coke could put a quick end to your fortune

I envisioned an engraved metal version to eliminate those problems. They can still be about the same size as a paper wallet, just a bit thicker and heavier, and more importantly everlasting for a long term savings account.


Even a step further, I thought about a Bitcoin Vault as a piece of hardware. This hardware would take care of automatically backing up your encrypted wallets as well as secured cloud backup, fully encrypted itself as a wallet storage device. I think the fact that your wealth could be wiped out by a computer virus or other PC problems is something that limits adoption as a general consumer would fear such a scenario. People are used to seeing their money physically, without a clear understanding of what a wallet is and how to protect it there is a danger. We could use technology to help that. Maybe this is something BlockBurner can work on someday

Josh even has his own personal hate site...

http://joshzerlan.com/

Even if the government decided to take such action, even if they effectively "killed" Bitcoin, there are about 10 others to choose from I think. Bitcoin is a hydra, cut off one head two more appear 

I'm not entirely clear on what you're saying. I really hope my perception is 100% false but a lot of prominent economists would agree with my assessment. A lot of the billionaires (there are some benevolent ones in private industry to be sure) ones are the same banking scumbags that rigged the system in their favor, and got off scott free when they tanked the market a few years ago, causing unprecedented levels of misery for millions. They don't loan money to the US, the US simply prints more.

The world does have things that are not bubbles, but the impact of a massive collapse would affect everything



Considering corporations and banks already control all of money including creating it, it's more likely than you think. The only thing that separates the US government from a corporation anymore is that we still call it a government. Remember the last time you had a direct say on how they are running things? Me either

The bond market is not safe either

http://seekingalpha.com/article/1378751-the-coming-bond-market-collapse-3-ways-to-escape-the-damage

http://finance.yahoo.com/blogs/daily-ticker/most-overpriced-oversupplied-over-owned-market-history-125751538.html

Nothing is safe in our current economic system. Fiat is failing, and anything attached to it will fail with it. The world may not end in a biblical sense, but the world as we know it will be very different I think by the end of this year. The bankers and government didn't change a damn thing after 2008, they just went back to their old tricks fueled by Bernake's magic moneybin and more relaxed policy on Capitol Hill. The economy is right now a set of dominoes, the fall of one market could rapidly become a contagion through the entire financial sector as it is already so weak from the 2008 market crash. It is all on life support by continuous pumping more and more money into the system to keep growth alive, even though PMI numbers tell a very different story. China is just building entire ghost cities to keep their production up.

Lehman Brothers failed in 2 days, it is not unfeasible several could fail as rapidly at the same time in another crash. One bank caused the 2008 recession, several would be unthinkable.

This article poses a rosey picture but leaves out a lot of factors that directly affect the economic health of the US that their policies can't control. Everything we see is a giant debt bubble driven by rapid inflation and increasing debt. It won't end well, and no amount of soon to be worthless bonds will save you from it. I hope it wont be but it seems there is only one way this all stops as a mathematical certainty. If you want the currency of the future, I would hedge my bet on Bitcoin, or bullets.

I don't like being Mr. Doomsayer, but I have studied this a lot in past months, the magic 8 ball hasn't said anything good to me yet..

Money  =  Debt

It is mathematically impossible for the debt to ever be repaid with a fractional reserve system, as the debt is always more than the current money in circulation. An odd fact this was built right into the system.

Essentially when the debt supernovas known as bank derivatives go down in flames after the first quiver of our bullish can-do-no-wrong stock market, the debt of the world effectively goes to infinity. These risky derivatives clock in to the tune of something around $1 Quadrillion...the GDP of the entire world is about $70 Trillion. Literally not enough available money on Earth to bail out the banking system when it happens. Lehman Brothers failure was just a single bank, and look what that did. What happens when it is all banks crumbling all at once. We can't put off the inevitable forever, though Bernake is sure trying his hardest.

You can't be serious with this one...

Same purpose, different ways of doing it 

List updated, I added a few things

BFL is green but people are still not very happy with them, they have shipped a few Jalepeno's though.

Up on their front page

I can't speak for Jasinlee beyond what he has publicly stated to the community, I have no desires to start a rumor mill. I hope they succeed as well, as it is only good for the network. It is great there are others taking the initiative. We'll let our work speak for itself


I find BFL's situation appalling, they are certainly a good example of what not to do

When funding time comes we'll have a real number to hit to meet the requirement for a certain number of production units before receiving the funds, anything over would start the fund for batch 2.

We are eyeing a price/performance target similar to an upper end GPU, while being a lot less costly to operate long term.


We'll, I can say watching the devs chat is like a different language to me, even with my own technical background. Our design is in progress, much of which currently is certainly centered on the best route to take on many specific aspects in regard to Scrypt hashing. I'm careful to release more information that we should, but I'm dying to give a proper update  
Well, anything for the cause  


We can always use more motivation



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You can go very minimal for a mining processor. There is a  $40 Sempron in mine.

GPUs are actually doing all the work, so the processor doesn't have to be much in the way of power, just enough to to run an operating system with. Processors don't much use in mining as their multi-purpose architecture makes them very inefficient at hashing. GPUs architecture is much more hash friendly. You don't need much RAM either, anything beyond 2Gb won't make your rig mine any faster, you could probably use less though for general system speed I would say 4gb max, as memory is pretty cheap anyway.

All that really limits how many GPUs you can run is how many PCIe slots you have available, and your power supply.

They have never been consistent once on any shipping date they have ever given. There is no reason to trust anything they say

The general consensus seems to be sometime after hell freezes over

+1

Seems like it. Their "customer service" is basically non existent, hiding behind a bunch of lame excuses for why it takes weeks to get a reply from anyone there. I've been over on their boards calling this out to see if anyone at BFL has the balls to respond to the situation. So far nothing, as I expected. And apparently your place in the order queue dictates how "priority" your ticket is, which if that is true is ludicrous.

I don't feel sorry for them, they did this to themselves. I do feel sorry in that I was stupid enough to send them one red cent however, but I can live with it being a single Jally order. Hate to be one of those that dropped $1000s on them...

It's all good, BFL has become my model for what not to do as a business in this industry. Shameful.

Exactly. They sold vaporware knowing full well their product was neither fully designed or tested, which prompted a last minute redesign at our collective expense. Pretty fraudulent if you ask me to sell what you don't have for a year. Everything they do is sideways and unclear. I even started a "you suck" thread over there because apparently I can't even change my shipping address without sending a request to their customer service black hole, which has so far been 3 weeks ago now. Unbelievable.

Very, very amateur at best.

I would say focus on the problems of today, this is so far out we'll all be long dead by the time it comes to worry about transaction fees after year 2140. A lot can happen in 127 years

I use Trixx, which seems to work just fine. I have noticed Trixx does not like to work right under Remote Desktop though...

I'll be working my OC settings into my cgminer config directly soon I think.