► ► ►HashFast Endorsement

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As edifying as your discourse on monopoly may be, wtf does it  have to do with HasFast?

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[DumbFruit]

As edifying as your discourse on monopoly may be, wtf does it  have to do with HasFast?

Fair enough... I just don't like to let those things go.
Carry on..

[HeRetiK]

As edifying as your discourse on monopoly may be, wtf does it  have to do with HasFast?

Fair enough... I just don't like to let those things go.
Carry on..

I think we're seeing the issue from very different angles, but your input is very much appreciated.

Either way, moving on!

[cypherdoc]

As edifying as your discourse on monopoly may be, wtf does it  have to do with HasFast?

Fair enough... I just don't like to let those things go.
Carry on..

I think we're seeing the issue from very different angles, but your input is very much appreciated.

Either way, moving on!

both of your input is helpful and i like being philosophical.

[Ytterbium]

There is nothing wrong with monopolies if entry into the market isn't stopped coercively and they only got their monopoly status by out-competing their competitors.

What's wrong with a monopoly if it's providing the service you ask for at the more efficient price?

"Freedom of Entry" is the most important thing in any market, not decentralization.

http://mises.org/freemarket_detail.aspx?control=384

sounds good in principle but what if you're a bank who has access to free money who decides to setup a mine?  

which, btw, is another good reason why asic rig makers should only accept BTC.

Any bank will be able to afford it's own ASIC designs, if it wants them.

[Loredo]

Any bank will be able to afford it's own ASIC designs, if it wants them.

Take a look at the asset sizes of, say, JP Morgan, or BNP Paribas, or Industrial and Commercial Bank of China, or of Mitsubishi/Bank of Tokyo.  Compare that with the total value of all bitcoin outstanding, or that will ever be outstanding.

And remember, the total hourly network "yield" is around 150 coins each worth around $100.  Compare this with the fact that they earn two dollars for every ATM transaction made by their customers on other banks' machines, and two dollars for every transaction made on their ATM's by other banks' customers.  And a couple percent of the amount of every credit card purchase.  And ... and ...

[cypherdoc]

i mentioned to Simon today that the community was concerned about who would get priority, IceDrill or BabyJets.  i emphasized to him that if possible the BabyJets should at least be delivered simultaneously to the IceDrill chips, if not before.  he agreed that the small miner is very important to Bitcoin and it's decentralization and would do what he could to not disadvantage them.  Eduardo has said so as well.

[cypherdoc]

they have said that there should be some info today on the HashFast Miner Protection Program.

i think you'll like it.

[AussieHash]

they have said that there should be some info today on the HashFast Miner Protection Program.

i think you'll like it.

http://dot-bit.org/tools/nextDifficulty.php
Difficulty to increase 36.7% today

[Xian01]

http://dot-bit.org/tools/nextDifficulty.php
Difficulty to increase 36.7% today

 Ouch. Just... ouch.

[Bitcoinorama]

they have said that there should be some info today on the HashFast Miner Protection Program.

i think you'll like it.

They err...may want to be careful what they promise and how that is perceived, I mean this seriously;

http://www.bloomberg.com/news/2013-08-12/n-y-regulator-subpoenas-firms-over-bitcoin-crime-risks.html

2/3 down...ouch!

[cypherdoc]

they have said that there should be some info today on the HashFast Miner Protection Program.

i think you'll like it.

They err...may want to be careful what they promise and how that is perceived, I mean this seriously;

http://www.bloomberg.com/news/2013-08-12/n-y-regulator-subpoenas-firms-over-bitcoin-crime-risks.html

2/3 down...ouch!

stop with your FUD.  it was pointed out to you several times in your "shit" thread that there was no mention of mining anywhere in that article.   

[Bitcoinorama]

they have said that there should be some info today on the HashFast Miner Protection Program.

i think you'll like it.

They err...may want to be careful what they promise and how that is perceived, I mean this seriously;

http://www.bloomberg.com/news/2013-08-12/n-y-regulator-subpoenas-firms-over-bitcoin-crime-risks.html

2/3 down...ouch!

stop with your FUD.  it was pointed out to you several times in your "shit" thread that there was no mention of mining anywhere in that article.  

Meow, there was no malice directed at Hashfast in what I wrote, I at least care about integrity, this matters, but you really aren't the sharpest tool, are you?

Try reading, as I stated, 2/3 down;


In addition to BitInstant, Dwolla and Coinsetter, the regulator sent subpoenas to the following service providers: BitPay, Coinabul, Coinbase Inc., CoinLab, eCoin Cashier, Payward, Inc., TrustCash Holdings Inc. and ZipZap, the person said.

Butterfly Labs, a technology company, also received a subpoena, according to the person familiar with the matter.

[jspielberg]

I think we broke Cypherdoc,

He's just not the energetic fun-loving guy we used to know.

How times change so quickly

For what it is worth... I think he was referring to the "fan" thread and it came out a bit harsh.

[AussieHash]

http://dot-bit.org/tools/nextDifficulty.php
Difficulty to increase 36.7% today

 Ouch. Just... ouch.

The genesis block's dashboard calculator incorrectly calculates monthly % increase, when people look at projections tomorrow -- very ouch
Addendum > I predict the calculator will be 93% @ 30d

[Bitcoinorama]

I think we broke Cypherdoc,

He's just not the energetic fun-loving guy we used to know.

How times change so quickly

For what it is worth... I think he was referring to the "fan" thread and it came out a bit harsh.

No he was referring to a thread I started when this subpoena news first broke...

[cypherdoc]

they have said that there should be some info today on the HashFast Miner Protection Program.

i think you'll like it.

They err...may want to be careful what they promise and how that is perceived, I mean this seriously;

http://www.bloomberg.com/news/2013-08-12/n-y-regulator-subpoenas-firms-over-bitcoin-crime-risks.html

2/3 down...ouch!

stop with your FUD.  it was pointed out to you several times in your "shit" thread that there was no mention of mining anywhere in that article.  

Meow, there was no malice directed at Hashfast in what I wrote, I at least care about integrity, this matters, but you really aren't the sharpest tool, are you?

Try reading, as I stated, 2/3 down;


In addition to BitInstant, Dwolla and Coinsetter, the regulator sent subpoenas to the following service providers: BitPay, Coinabul, Coinbase Inc., CoinLab, eCoin Cashier, Payward, Inc., TrustCash Holdings Inc. and ZipZap, the person said.

Butterfly Labs, a technology company, also received a subpoena, according to the person familiar with the matter.

so i guess KNC needs to be worried too.  wouldn't matter that they're in Sweden given all the US customers they have along Paypal orders.  what about all their promises?

[cypherdoc]

I think we broke Cypherdoc,

He's just not the energetic fun-loving guy we used to know.

How times change so quickly

For what it is worth... I think he was referring to the "fan" thread and it came out a bit harsh.

No he was referring to a thread I started when this subpoena news first broke...

yeah, Bargraphics isn't the sharpest tool around.

[Bitcoinorama]

they have said that there should be some info today on the HashFast Miner Protection Program.

i think you'll like it.

They err...may want to be careful what they promise and how that is perceived, I mean this seriously;

http://www.bloomberg.com/news/2013-08-12/n-y-regulator-subpoenas-firms-over-bitcoin-crime-risks.html

2/3 down...ouch!

stop with your FUD.  it was pointed out to you several times in your "shit" thread that there was no mention of mining anywhere in that article.  

Meow, there was no malice directed at Hashfast in what I wrote, I at least care about integrity, this matters, but you really aren't the sharpest tool, are you?

Try reading, as I stated, 2/3 down;


In addition to BitInstant, Dwolla and Coinsetter, the regulator sent subpoenas to the following service providers: BitPay, Coinabul, Coinbase Inc., CoinLab, eCoin Cashier, Payward, Inc., TrustCash Holdings Inc. and ZipZap, the person said.

Butterfly Labs, a technology company, also received a subpoena, according to the person familiar with the matter.

so i guess KNC needs to be worried too.  wouldn't matter that they're in Sweden given all the US customers they have along Paypal orders.  what about all their promises?

I asked on the day what it was they what to be held accountable for. The only thing they've ever promised was 28nm, minimum 250gh/s (which was Jupiter at the time of open day) and September. They've bent over backwards to appease Paypal, but then they know it matters to customers to be held accountable...

[cypherdoc]

what's really interesting is that we have a 2.46% rally going today in the price.

i seriously doubt they can do anything more than just request subpoenas.  we all knew this type of thing was gonna happen but i think the cat is out of the bag.  this is coming down to Wall St vs. Silicon Valley and i don't think that the gov't can allow something Silicon Valley wants so badly to be crushed.