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August 11, 2013, 05:56:58 PM |
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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
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August 11, 2013, 05:59:31 PM |
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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. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Carry on..
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By their (dumb) fruits shall ye know them indeed...
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HeRetiK
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Playgram - The Telegram Casino
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August 11, 2013, 08:47:55 PM |
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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. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Carry on.. I think we're seeing the issue from very different angles, but your input is very much appreciated. Either way, moving on!
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cypherdoc (OP)
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August 11, 2013, 09:15:22 PM |
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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. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) 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. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Ytterbium
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August 11, 2013, 09:39:28 PM |
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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=384sounds 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.
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Loredo
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August 11, 2013, 11:14:34 PM |
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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 ...
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cypherdoc (OP)
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August 12, 2013, 04:02:11 AM |
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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.
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cypherdoc (OP)
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August 12, 2013, 05:16:30 PM |
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they have said that there should be some info today on the HashFast Miner Protection Program.
i think you'll like it.
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Xian01
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August 12, 2013, 10:11:00 PM |
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cypherdoc (OP)
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August 12, 2013, 10:27:22 PM |
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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. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Bitcoinorama
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August 12, 2013, 10:30:20 PM |
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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. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) 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.
![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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Make my day! Say thanks if you found me helpful ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) BTC Address ---> 1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
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jspielberg
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August 12, 2013, 10:33:20 PM |
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I think we broke Cypherdoc, He's just not the energetic fun-loving guy we used to know. How times change so quickly ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) For what it is worth... I think he was referring to the "fan" thread and it came out a bit harsh.
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AussieHash
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August 12, 2013, 10:34:05 PM Last edit: August 13, 2013, 02:37:53 AM by AussieHash |
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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
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Bitcoinorama
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August 12, 2013, 10:34:44 PM |
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I think we broke Cypherdoc, He's just not the energetic fun-loving guy we used to know. How times change so quickly ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) 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...
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Make my day! Say thanks if you found me helpful ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) BTC Address ---> 1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
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cypherdoc (OP)
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August 12, 2013, 10:38:10 PM |
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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. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) 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.
![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) 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?
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cypherdoc (OP)
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August 12, 2013, 10:41:17 PM |
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I think we broke Cypherdoc, He's just not the energetic fun-loving guy we used to know. How times change so quickly ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) 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.
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Bitcoinorama
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August 12, 2013, 10:43:04 PM |
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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. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) 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.
![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) 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...
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Make my day! Say thanks if you found me helpful ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) BTC Address ---> 1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
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cypherdoc (OP)
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August 12, 2013, 10:44:44 PM |
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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.
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