inh
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May 30, 2013, 06:15:44 PM |
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We saw you mention this earlier in the thread already...
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rdponticelli
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Our highest capital is the Confidence we build.
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May 30, 2013, 06:40:33 PM |
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Sure, you could kindly ask AM to stop polluting the blockchain, but it would be kind of pointless: other people can still do that, and you're not going to "kindly ask" them all: this is a social dynamic that "just doesn't work".
Handling it as a security/protocol issue is IMAO a better approach, because you really have a chance of success, even if people do not wish (or care) to cooperate.
Other people, any random user, doesn't have 30% of the hashrate. We're talking about one of the big players here, and you know how it goes, with great powers... But lets stop derailing this thread even more....
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CanadianGuy
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May 30, 2013, 07:02:54 PM |
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I'd suggest anyone who hasn't, and refuses to return the double div, be blacklisted from btct.co.
thats the dumbest thing i ever heard. there are ways to correct something like this but solving this with a nazi mentality is far from the best way
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thecodyshow
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May 30, 2013, 07:40:23 PM |
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When does Friedcat usually provide his updates?
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dhenson
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May 30, 2013, 10:01:06 PM |
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Is there a spreadsheet of share holders somewhere? I thought I saw a Google doc at one point.
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dmcdad
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May 30, 2013, 10:35:42 PM Last edit: May 30, 2013, 11:41:16 PM by dmcdad |
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ASICMiner is hashing the block chain to shreds the last hour:
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Rant2112
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May 31, 2013, 02:11:18 AM |
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Thanks for the slight derail on the Satoshis. I honestly didn't understand why ASICMiner bothered with them. Also thanks to rdponticelli for responding with all the points I wanted to say so I didn't have to. I guess I should go elsewhere and try to convince the big mining pools to require transaction fees for all transactions. -- END DERAIL --
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vesper39
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May 31, 2013, 03:41:12 AM |
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I thought the bitcoin dev team had an update where any transactions under 3 cents or something would not be sent through the blockchain? Or has it not been implemented yet? If so, wouldn't that mean the satoshi confirmations would no longer work?
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lophie
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May 31, 2013, 03:49:01 AM |
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I thought the bitcoin dev team had an update where any transactions under 3 cents or something would not be sent through the blockchain? Or has it not been implemented yet? If so, wouldn't that mean the satoshi confirmations would no longer work?
To be exact the update was about the minimum amount in a tx output to be eligible to be relayed by other nodes and this amount is suggested for around 0.7 of a (p), Can be easily modified by the nodes.
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Will take me a while to climb up again, But where is a will, there is a way...
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daemondazz
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May 31, 2013, 05:24:12 AM |
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The 1 satoshi = 1 share isn't completely redudundant in determining number of shares. To prove how many shares you have (which you need to do if you're selling for example) you'd need either the complete dividend amount (is it sent in one transaction?) to work out the percentage, or know what the dividend value per share was. The 1 satoshi per share just simplifies that dramatically.
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Computers, Amateur Radio, Electronics, Aviation - 1dazzrAbMqNu6cUwh2dtYckNygG7jKs8S
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Luke-Jr
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May 31, 2013, 06:14:40 AM |
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The 1 satoshi = 1 share isn't completely redudundant in determining number of shares. To prove how many shares you have (which you need to do if you're selling for example) you'd need either the complete dividend amount (is it sent in one transaction?) to work out the percentage, or know what the dividend value per share was. The 1 satoshi per share just simplifies that dramatically.
An ASICMiner-controlled spreadsheet is the right solution for this.
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VeeMiner
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May 31, 2013, 07:19:47 AM |
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The 1 satoshi = 1 share isn't completely redudundant in determining number of shares. To prove how many shares you have (which you need to do if you're selling for example) you'd need either the complete dividend amount (is it sent in one transaction?) to work out the percentage, or know what the dividend value per share was. The 1 satoshi per share just simplifies that dramatically.
An ASICMiner-controlled spreadsheet is the right solution for this. not everyone wants everyone else to see how many shares they have. So no, I don't think this is the solution. There has been a talk about asicminer setting up their own exchange (which would make sense) but I guess the engineers and professionals working for ASICMINER have better things to do right now. I have no doubt it will be implemented in the future though.
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Luke-Jr
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May 31, 2013, 07:44:55 AM |
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The 1 satoshi = 1 share isn't completely redudundant in determining number of shares. To prove how many shares you have (which you need to do if you're selling for example) you'd need either the complete dividend amount (is it sent in one transaction?) to work out the percentage, or know what the dividend value per share was. The 1 satoshi per share just simplifies that dramatically.
An ASICMiner-controlled spreadsheet is the right solution for this. not everyone wants everyone else to see how many shares they have. So no, I don't think this is the solution. There has been a talk about asicminer setting up their own exchange (which would make sense) but I guess the engineers and professionals working for ASICMINER have better things to do right now. I have no doubt it will be implemented in the future though. How is this any less private than the transaction spam? The spreadsheet would just contain a number of shares and the address considered to own them...
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SmiGueL
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May 31, 2013, 09:02:45 AM Last edit: May 31, 2013, 11:05:22 AM by SmiGueL |
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stephwen
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May 31, 2013, 09:41:38 AM |
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if this kind of transaction bothers anyone, he should press for mandatory fees or something like that, but as long as the protocol allows it, then you should blame the protocol. The catch here is ASICMINER is quite capable of including their own txids into blocks to ensure they are submitted. Which imho there is nothing wrong with, they are doing the work and as many have said can include whatever txids the protocol can support. I completely agree and was going to say the same thing. This is a non-issue. As I said, at most you can press to change the protocol rules, i.e. declaring invalid a transaction without your desired requirements. This would prevent any miner from including it. Of course, this is an hard-fork and you would need to be pretty convincing. Still, until you do, there's no complaining. Sorry for being rude, but it's for the sake of clearness. There's no rule nor protocol or law preventing anybody from shitting on their food. There's no need for it, because it's absolutely obvious the inadvisability of doing such a thing... Now. if ASICMINER wants to shit over the blockchain, it's ok that they're able to do it. I can't see why somebody should go to the hassle of finding a way to stop them. But that's hardly advisable for themselves, considering that they're eating from the blockchain too... I find the analogy entertaining.
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circuitry
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May 31, 2013, 12:22:48 PM |
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So help me understand something. Here's a small compilation I made with the 90-day dividend yield estimates (according to BTCT.CO) of its more popular assets. According to the numbers, ASICMiner is by far the most profitable asset by approximately ~200% compared to GDSPT, the nearest one. Wouldn't this mean that ASICMiner share value has still a lot of space to grow? Correct me if I'm missing something. Thanks.
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Birdy
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May 31, 2013, 12:37:13 PM |
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So help me understand something. Here's a small compilation I made with the 90-day dividend yield estimates (according to BTCT.CO) of its more popular assets.
[big picture]
According to the numbers, ASICMiner is by far the most profitable asset by approximately ~200% compared to GDSPT, the nearest one. Wouldn't this mean that ASICMiner share value has still a lot of space to grow?
Correct me if I'm missing something. Thanks.
I think a lot of the investors of those lower shares are hoping for a bigger jump of those shares in the future (new mining equipment or whatever). Also some of those price increases in Asicminer are from hardware sales, which will afaik end soon. I think there is still space to grow anyway (just recently bought in with a few shares)
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SmiGueL
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May 31, 2013, 12:44:59 PM |
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Also some of those price increases in Asicminer are from hardware sales, which will afaik end soon.
I really think it just started yet 200TH/s is coming in a couple of months. I'm pretty sure some of that will be sold. And why would the USB Block Erupter production stop after 10k sold units? I suppose there will be larger orders than that if this batch is sold out (with maybe even more chips, or faster ones) Okay, maybe not in a few weeks, or a month, but I'm pretty sure friedcat will announce some new things this summer. He's very good at that
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