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demzie
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August 23, 2013, 01:24:23 PM |
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If that happens i buy you one  |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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physalis
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August 23, 2013, 01:24:31 PM |
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If it ever hits the 1 btc,. I'll pinch myself and buy a Tesla S sport.
Yeah, that'll never happen  0.1 is actually possible though, that would be around the valuation that AM has right now |
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demzie
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August 23, 2013, 01:27:30 PM |
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What if they constant hash on 10/20% of network.. Even with diff changes? High hardware sales, new tech development, again high sales? 0.1+ should also work  |
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physalis
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August 23, 2013, 01:37:22 PM |
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What if they constant hash on 10/20% of network.. Even with diff changes? High hardware sales, new tech development, again high sales? 0.1+ should also work Doesn't matter, even if they hold 20% of the network. To put it in perspective: Total bitcoins left to be mined in the next 100+ years = around 10 million. If LC-hardware holds 20% of the network forever, that's 2 million btc they get. 2 million / 10 million shares = 0.2 per share |
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alexius89
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August 23, 2013, 01:39:10 PM |
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What if they constant hash on 10/20% of network.. Even with diff changes? High hardware sales, new tech development, again high sales? 0.1+ should also work Doesn't matter, even if they hold 20% of the network. To put it in perspective: Total bitcoins left to be mined in the next 100+ years = around 10 million. If LC-hardware holds 20% of the network forever, that's 2 million btc they get. 2 million / 10 million shares = 0.2 per share Great Numbers guys |
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Ytterbium
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August 23, 2013, 01:42:35 PM |
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With all this rise of share price I am kinda worried that the shares of Labcoin team arent locked yet  Should we expect a dump ? Or maybe they're the ones buying up shares. Or their relatives. The downside of the lack of regulation is we'll never know. Regulations stop relatives from investing in companies? They stop them from buying or selling shares on the basis of "insider information" I.e. they can buy shares, and they can learn insider information, but they can't buy or sell shares based on that information. That's what Martha Stewart was investigated for. The company learned it would not be getting FDA approval, and the CEO sold a bunch of shares. Her broker told her about the sale, and she sold as well. Then she lied about it to the FBI and erased phone records. Then she went to jail for lying to the FBI. (Had she told the truth, she likely would have gotten a fine or something. Oh well) |
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Ytterbium
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August 23, 2013, 01:45:29 PM |
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What if they constant hash on 10/20% of network.. Even with diff changes? High hardware sales, new tech development, again high sales? 0.1+ should also work Doesn't matter, even if they hold 20% of the network. To put it in perspective: Total bitcoins left to be mined in the next 100+ years = around 10 million. If LC-hardware holds 20% of the network forever, that's 2 million btc they get. 2 million / 10 million shares = 0.2 per share If the team is really good perhaps they could branch out into making other types of ASICs, maybe building chips for bitcoin enabled hand-held devices. |
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Bitcycle
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August 23, 2013, 01:47:34 PM |
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What if they constant hash on 10/20% of network.. Even with diff changes? High hardware sales, new tech development, again high sales? 0.1+ should also work Doesn't matter, even if they hold 20% of the network. To put it in perspective: Total bitcoins left to be mined in the next 100+ years = around 10 million. If LC-hardware holds 20% of the network forever, that's 2 million btc they get. 2 million / 10 million shares = 0.2 per share If the team is really good perhaps they could branch out into making other types of ASICs, maybe building chips for bitcoin enabled hand-held devices. Yeah, I've thought for a while now the really successful company out of this bunch will the one that branches into consumer electronics. Eventually one of them will. |
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demzie
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August 23, 2013, 01:53:19 PM |
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What if they constant hash on 10/20% of network.. Even with diff changes? High hardware sales, new tech development, again high sales? 0.1+ should also work Doesn't matter, even if they hold 20% of the network. To put it in perspective: Total bitcoins left to be mined in the next 100+ years = around 10 million. If LC-hardware holds 20% of the network forever, that's 2 million btc they get. 2 million / 10 million shares = 0.2 per share You forgot the hardware |
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Ytterbium
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August 23, 2013, 01:57:23 PM |
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What if they constant hash on 10/20% of network.. Even with diff changes? High hardware sales, new tech development, again high sales? 0.1+ should also work Doesn't matter, even if they hold 20% of the network. To put it in perspective: Total bitcoins left to be mined in the next 100+ years = around 10 million. If LC-hardware holds 20% of the network forever, that's 2 million btc they get. 2 million / 10 million shares = 0.2 per share If the team is really good perhaps they could branch out into making other types of ASICs, maybe building chips for bitcoin enabled hand-held devices. Yeah, I've thought for a while now the really successful company out of this bunch will the one that branches into consumer electronics. Eventually one of them will. Or custom ASICs for some other field that's now dominated by GPU computing. What about making ASICs for simulating electronics (I.e. hardware implementation of SPICE) to help people design and test ASICs more quickly? That's just one possible example. It's interesting how bitcoin technology might actually end up pushing IC tech all on it's own. Normally it's been CPUs that have been at the forefront of IC design, but since bitcoin chips are so much simpler, and don't require a lot of external bandwidth like CPUs do, and they don't need to work "100%" to be useful, you could see research companies using bitcoin ASICs as a test for new tech. It could be a really interesting future. I also think Litecoin mining could have some interesting effects as well, since you basically need a "full" computer with RAM to implement it (you wouldn't save many transistors overall by dropping CPU tech unneeded for litecoin mining, for example) |
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redbeans2012
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August 23, 2013, 02:01:33 PM |
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What if they constant hash on 10/20% of network.. Even with diff changes? High hardware sales, new tech development, again high sales? 0.1+ should also work Doesn't matter, even if they hold 20% of the network. To put it in perspective: Total bitcoins left to be mined in the next 100+ years = around 10 million. If LC-hardware holds 20% of the network forever, that's 2 million btc they get. 2 million / 10 million shares = 0.2 per share If the team is really good perhaps they could branch out into making other types of ASICs, maybe building chips for bitcoin enabled hand-held devices. Yeah, I've thought for a while now the really successful company out of this bunch will the one that branches into consumer electronics. Eventually one of them will. Isn't consumer electronics something the guys from this company specialized in before labcoin? |
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Ytterbium
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August 23, 2013, 02:02:53 PM |
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What if they constant hash on 10/20% of network.. Even with diff changes? High hardware sales, new tech development, again high sales? 0.1+ should also work Doesn't matter, even if they hold 20% of the network. To put it in perspective: Total bitcoins left to be mined in the next 100+ years = around 10 million. If LC-hardware holds 20% of the network forever, that's 2 million btc they get. 2 million / 10 million shares = 0.2 per share If the team is really good perhaps they could branch out into making other types of ASICs, maybe building chips for bitcoin enabled hand-held devices. Yeah, I've thought for a while now the really successful company out of this bunch will the one that branches into consumer electronics. Eventually one of them will. Isn't consumer electronics something the guys from this company specialized in before labcoin? Some of them had experience in the Chinese millitary, from what I understand. So they did ICs. But they were not doing "Consumer" ICs  |
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radiumsoup
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August 23, 2013, 02:17:49 PM |
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Isn't consumer electronics something the guys from this company specialized in before labcoin?
Some of them had experience in the Chinese millitary, from what I understand. So they did ICs. But they were not doing "Consumer" ICs So... future versions of bitcoin miners will be capable of launching ICBMs, I guess? |
PGP fingerprint: 0x85beeabd110803b93d408b502d39b8875b282f86
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physalis
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August 23, 2013, 02:19:26 PM |
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Doesn't matter, even if they hold 20% of the network.
To put it in perspective:
Total bitcoins left to be mined in the next 100+ years = around 10 million.
If LC-hardware holds 20% of the network forever, that's 2 million btc they get.
2 million / 10 million shares = 0.2 per share
You forgot the hardware Not really, no. When I say "If LC-hardware holds 20% of the network", I mean that 20% of the hashing done in the world will be done by LC-hardware, not necessarily by LC themselves. Assuming a rational market where people don't keep buying hardware that will never see ROI, the profit that LC makes on the hardware sales will always be equal or less than what the hardware can mine. Granted, that has not been the case for AMs devices, but on a competitive market, my prediction is that this behaviour will eventually die out. I think AM has only been able to sell at such a high markup because there was no competition with hardware in stock. Competition will eventually push the price down to a reasonable level. If the team is really good perhaps they could branch out into making other types of ASICs, maybe building chips for bitcoin enabled hand-held devices.
That's a possibility, yes. But I wouldn't bet on it. More likely that they would create a new company/branch for this purpose. |
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yuansuyi
Member
 Offline
Activity: 210
Merit: 10
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August 23, 2013, 02:19:35 PM |
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FYI, the mobile phone number is wrong, I've called.
So, sell sell sell. LOL...
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Ytterbium
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August 23, 2013, 02:29:59 PM |
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If the team is really good perhaps they could branch out into making other types of ASICs, maybe building chips for bitcoin enabled hand-held devices.
That's a possibility, yes. But I wouldn't bet on it. More likely that they would create a new company/branch for this purpose. True, but they'd have to raise money separately, again. Either from VCs or whoever. It would be easier just to use LC assets to start a new product line. Sony, Nintendo, Apple, etc don't start new companies when they expand into new markets. |
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merv77
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August 23, 2013, 02:43:48 PM |
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I'm still experiencing problems logging into BTC-TC I have tried 3 different computers, cleared cache, tried android phone and tablet all do same thing. Web site down and/or timeout error. I cannot contact support because you have to be logged in. can someone who's logged in ask if they are at maximum server load, are they experiencing problems. I'm not the only one experiencing these problems. https://bitcointalk.org/index.php?topic=125629.1760Does BTC-TC have a support phone number to call..? I cant find one. |
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physalis
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August 23, 2013, 02:55:03 PM |
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I'm still experiencing problems logging into BTC-TC I have tried 3 different computers, cleared cache, tried android phone and tablet all do same thing. Web site down and/or timeout error. I cannot contact support because you have to be logged in. can someone who's logged in ask if they are at maximum server load, are they experiencing problems. I'm not the only one experiencing these problems. https://bitcointalk.org/index.php?topic=125629.1760Does BTC-TC have a support phone number to call..? I cant find one. You're not alone. It's down for me for hours. Is anyone actually able to access it atm? |
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KS
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August 23, 2013, 02:57:40 PM |
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