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It's the only legal way to get fiat out of bitcoin. I prefer silver much more because of the divisibility mentioned, although there is a gold "card" that is segmented and can be broken into 5 gram pieces I think it is. I prefer the coins because any yahoo can read it and see that it says one ounce and believe it a lot more than brick of the stuff.
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And the smart money is on deflation in the short term. What the many think is thankfully not how things play out. The many are usually woefully uninformed when it comes to economic theory and data.
Also, IMO, this correlation only holds if you look at markets since the May top in stocks and will cease to exist when stocks find a bottom. During deflation, cash is king, and the market is affirming that it views bitcoin as cash. Gold not so much because it has major liquidity problems.
And how does gold have a liquidity problem? Any coin dealer will buy it or peeps on Ebay, etc. |
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I agree. Water is the next gold, but maybe not in my lifetime.
Oxygen is the new gold. You can't drink or breathe without it. I wonder if you can patent oxidation processes? All you have to do is to apply electrolysis to the already precious water! lol |
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I agree. Water is the next gold, but maybe not in my lifetime.
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Silver already bounced off of something like $18 in the recent past. Regardless, is has real value and always will, because it is used in manufacturing and jewelry. You cannot lose all your money and are likely to gain over time, unlike stocks.
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USD is rapidly losing trust. Other countries are switching to other things as reserve currencies like Canadian, Australian, and Chinese.
They can read how all we do is print more, making it more and more worthless i.e. merely fiat. Some think Ft Knox is actually empty and filled with gold-plated lead bricks.
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If this is the case, then we are screwed as many think the dollar is in imminent danger of at least a temporary huge drop in the near future. I'm not holding onto more than $1K worth of BTC till the dust settles. Great time to buy more silver anyways. ;-)
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Perhaps when posting in this thread you should put the Mt Gox Weighted Average as a reference. $111.65
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Stable coin is ahead by a neck! lol
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Good job trying at least!
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I already have 10 Block Eruptors running smoothly on a PC with 3.1.1
I should be getting my first Jale tomorrow. The readme seems to say that I don't need to add any additional switches for it... correct?
Or just add the additional com port number?
thanks
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Got an interesting tidbit... the plastic cases they come in are great for one ounce bullion bars... ;-)
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I think the biggest negative issue was mining fractions versus a few a day at least. That's ok with BTC because it's worth over $100 each. It's just bad psychologically, even though the value of what's mined SHOULD be all that matters - in reality it's not. Also, the long confirm times and waiting 5 days to be paid from a pool is just horrible.
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You know, I've rarely had HW errors with my GPUs. How come these USB Eruptors that cost as much as a new gen GPU produce ANY HW errors at all?
Considing it's the size of a thumb, you are being a bit picky. :-D GPUs mining BTC may have low error rates, but mining scrypt all out... anything less than 3-5% is acceptable, and normal. BTC is intensity 8-11(depending on GPU model) and scrypt is usually 13+ |
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I've done coding in various languages on and off since '79 and I was always annoyed when the instructors would say it's impossible to code an error-free program on the first attempt. BS! Maybe a long one, yes. But not a one-pager. At my age now, it may be impossible, but up until 5 years ago, it was very possible. The trick is to think like the computer and follow the directions literally. Something most people have issues with, agreed.
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 from ThinkGeek... |
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I'd better start hoarding then. I'll take it!
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That's two posts in a row with "thingie". lol
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I hate that crap about you have to login once even to play single player. Ugh.
Rarely do multiplayer because instead of the normal maps, they always have
these tight quarters maps. FC2 multi on the normal maps would be really
interesting and realistic, but no...
The older games uses to let you do this. Was awesome sniping people from
like 1200 yards out. lol
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Did I miss a mandatory upgrade? I am still using 2.11.4 and it is doing fine. I understood I need to upgrade for FPGA's or ASICs, but I am only GPU mining.
As I've been reading this thread over the last few months, it seems the 3x releases are geared more towards ASIC users, with little changes for GPU miners. If things are stable, I'd stick with what you got. I disagree, ver 3.0 IS superior for GPU mining. I noticed less crashing on startup, less submitted stales, etc. |
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