73600+ entries in 0.881s
mircea_popescu: they jhave no incentive to,
as they already have more fiat than they know what to do with
zoinky: it was just
as real in 2009
mircea_popescu: fractal large holders are part of the float
as much
as small holders.
fractal: well. around 2-3 million coins have never been moved right? 1 Million is satoshi and 1-2Milion lost -- lets say theres 8M coins in real peoples hands -- 5000 people holding 1000BTC would take up 5M BTC and mean only 3M is left
as float
fractal: cool.. I think 2,100 is a good goal for someone with a lot of money, and very bullish on bitcoin -- mathmatically no more then 10,000 people can own
as much
as you, and in reality it will likely be 1000 or less in the future
zoinky: im mad
as share holder
jurov: anduck put it
as comment to bitbet and you'll see
fractal: but i suppose 'if its not broken, dont fix it' can be a valid argument sometimes
as well
mircea_popescu: masturbatory sexualness, i think it comes
as a food additive.
mircea_popescu: just saying that the definitions of words aren't at all that pinned down
as we like to think them
fractal: mircea_popescu: but your first laptop+brick
as a UNIT wasn't at specs
mircea_popescu: but seriously, if i buy a laptop, which comes
as two item (power supply + laptop) am i buying one or two units ?
fractal: there needs to be at least 1 400Gh UNIT hashing
as advertised -- and if they miss performance, sending more UNITS doesn't count
ThickAsThieves: "Further to the above, TradeFortress has announced that Coinlenders is closing - and that the current site is only a demo, but one which has the same functionality
as a real site would (a similarish approach to BTC-TC's "it's just a game" stance - though actually a worse one from an investor's perspective)."
fractal: Forget about the 400Gh being shipped -- the issue is what defines a 'UNIT'
as advertised and meeting performance specs
jurov:
as i said if no 400gh order was delivered, and we require at least one, then the bit was not filled
fractal: jborkl: I asked mircea_popescu this question , in the logs he said he'd like to see proof of a 400Gh unit
as well
as a 25Gh unit ... i dont have logs tho
fractal: jurov: it's not just 400Gh being shipped --- its 400Gh in a single unit
as advertised -- if they ship more hardware to make it up for it -- its because performance wasn't met
jborkl: jurov: I would think reading it first order of business is the 5 delivery,
as you were looking at
fractal: Anduck: according to the wording its totally not fair for 2 M-boards or multiple hardware considered a 400gh 'unit' since the company advertised a 400Gh unit
as "1 Master board 16 hashing boards with 16 Bitfury 55nm ASIC chips for total of 256 chips"" --- to be honest -- the vagureness of the langugage makes it unfair for either side to win or lose --
jurov: then that's an unit, imho... but
as nothing such was actually delivered, it's undecidable
jurov: i think if they don't ship more boards
as a kit to fullfill the 400gh, then it's clearly false
fractal: jurov: Anduck's argument is that if they send more hardware for free then it counts
as being part of the same device
fractal: again, this is only
as advertised
jborkl: advertised performance, not size or space taken up
as i see it
fractal: it says int he bet '
AS ADVERTISED'
fractal: jborkl: a 400Gh was advertised
as "1 Master board 16 hashing boards with 16 Bitfury 55nm ASIC chips for total of 256 chips"" -- this will not be shipped
jborkl: and they are going to provie customers with 400 gh
as promised for the 350w draw?
Anduck: and
as the 400 gh units are built from same h-boards
as 25 gh units, it's clear that 400 gh @ 400 watt performance is met like the 25gh @ 40W is met
fractal: A miner is
as advertised ""1 Master board 16 hashing boards with 16 Bitfury 55nm ASIC chips for total of 256 chips""
fractal: Again, 1 unit was advertised
as "1 Master board 16 hashing boards with 16 Bitfury 55nm ASIC chips for total of 256 chips"
Anduck: well mircea_popescu.. wasn't that kinda clear? if there's no cap of s.dice at mpex, it's same
as zero cap
fractal: Anduck: and the 400Gh miner includes 16 H-bords --
AS ADVERTISED
fractal: Anduck: No, they didn't the units don't hit 400Gh
as advertised --
fractal: UNIT.
as in what was advertised -- From the website " What’s included: 1 Master board 16 hashing boards with 16 Bitfury 55nm ASIC chips for total of 256 chips"
Anduck: fractal: they can ship
as much h-boards
as they want but the PERFORMANCE must be met
fractal: UNIT.... not 'oh we ship
as much hardware to make up for it if the manufacturer misses specs'
Anduck: the unit is the same thing
as a kit
Anduck: we're talking about kits
as units anyway since they never sold single units. they're KITS
Anduck: fractal: he's allowed to ship
as much h-boards and m-boards needed to get the performance. it wouldn't break the bet.... if they would eat more watts than promised, that would be a bet-breaker
fractal: mircea_popescu: becaucause he could ship
as much hardware to make up for it -- provided the power usage was low enough.... but I placed the bet based on Power usage AND hashrate in a single self-contained UNIT
fractal: Anduck: If the bet language said "If punin can't make a 400Gh single device, he's allow to ship
as much hardware
as he wan'ts, and we'll just consider it a 'KIT' "" --- if it said that, there's no way in my right mind i would have bet NO... it would be an impossible bet to win
Anduck: there was and never could've been a single card producing 400 ghash, it was sold
as a "h-cards enough to make 400 ghash unit". RIGHT?
Anduck: fractal: the 25gh unit is a 25gh kit
as sold for customers, doesn't say it must include 1 h-board.
Anduck: and
as customers weren't sold specifically 1 or 16 h-boards, the kits can include any amount of those.. the kits must meet the promised performance and they seem to do so
fractal: Anduck: not on a single unit --
as the language says in the bet
Anduck: so i think unit should be understood
as kit
Anduck: fractal:
as i said, that case is not a bfsb product
fractal: Anduck: Which means there needs to be a 400Gh unit delivered that provides 400Gh in a single 'DEVICE', or 'UNIT'
as per language in the bet.... punin has stated that they are shipping additional hardware "(until we have boards and software that delivers 25GH)" --- 16H-cards less then 25Gh means they failed to produce a 400Gh unit
Anduck: i don't see why it wouldn't be
as i said.
fractal: Anduck: no they weren't. no 400Gh unit exists
as per punin's admission --- also, thats not what the statement says.
Anduck: that is only semantics
as i said.
Anduck: i also do not see it
as a requirement that someone from the 5 confirmed deliveries must have ordered exactly 400 ghash kit
Anduck: dude fractal... "Devices must meet advertised performance (25 GH/s unit 40W, 400 GH/s unit 400W)" <
as you can see, the condition is in the ( and ). and the condition is met
fractal: Anduck: Words are words. No 400Gh miner exists. mircea_popescu stated that one has to be posted to the forums
as a confirmed delivery. the only way this bet can be a yes at this point is for someone to lie --
Anduck: fractal: they were and always were sold
as kits
fractal: Anduck: No, you're wrong, read the bet language. a 400Gh 'DEVICE' has to exist...
as in a single unit.
Anduck: they were sold
as kits
fractal: mircea_popescu: the bitbury architecture is modular -- inside the 400Gh miner case, there is a M-board with 16 slots on it -- each M-board is only hashing around 20Gh,
as per punin's admission. ... therefore the maximum hashrate inside a single self-contained unit, or device, is 320Gh.
mircea_popescu: At a Chaos Computer Club event in August 2011, Daniel Domscheit-Berg announced its preliminary launch and invited hackers to test the security of the OpenLeaks system,
as a result of which the CCC criticized him for exploiting the good name of the club to promote his OpenLeaks project and expelled him from their club, despite his lack of membership.
ThickAsThieves: "The terms of coinlenders have changed - there's no longer a personal guarantee on the loans.
As there's no guarantee AND there's no disclosure of assets backing the deposits (and they can be used for speculation not just for safe loans) I'm not certain Coinlenders even meets our investment criteria any more." says Deprived
mircea_popescu: pankkake just
as soon
as they get a few BTC together to make one./
mircea_popescu:
as amusing
as it may sound, it's exactly how the dysfunctional mind works.
mircea_popescu: dude, it's a sad statement on the castration level in the west that people think someone's going transsexual is about
as likely
as a female existing.
thestringpuller: I might
as well print out best of trilema, and sell it at the n00b conventions :P
mircea_popescu: "and yes we advertise ourselves
as this exact service"
jorash: Quantum emulation is required to run quantum search algorithms such
as Grover's (square root speedup) and GP (constant time).. versus classical linear time
as SHA-2 is currently cracked. Class A shares indicate same rights
as directors in the corp (including dividend from all revenue streams, not just miner which is a sideproject). 20-500x is the return based on the efficiency of the
jorash: You understand the basis of your evaluation of this project
as a scam is probably based solely on the fact that this conversation is happening over irc?
jorash: and you have assessed this
as a scam without asking more than one question, how
jorash: if interested, pm me please
as I may be afk for your response
dub: a new system to regulate securities exchanges such
as the stock market, including allowing for new low cost exchanges to make capital-raising easier and cheaper.
dub: new forms of capital-raising, such
as peer-to-peer lending and crowd-funding
Namworld: And at this rate, even if it takes 2 millennia more to travel efficiently in space, on a cosmological scale, we might
as well already be there.
Rulother: We simply cannot afford to deal with those
as well, I mean ffs let alone invading another country AGAIN
kleeck: I love how these kids scream for a week straight about not getting an update and then
as soon
as they get a simple, "Everything is on track" they're FREAKING out and JIZZING all over themselves.
mircea_popescu: im kinda curions on one score,
as to how many towns will be run democratically vs authoritarianly
thestringpuller: no player created things will have a large effect on the world
as well, but
as well there will be models needed for the player built constructions non? Prefabbed so to speak.
Rulother: I would love and would donate to someone that would code a program that would do the same thing
as kryptotrader frankly
parseval: The differentiator would be the technology being used and provable fairness.. HeroEngine, for example, is what SWTOR is built on. Build on that platform and other sites like Dragon's Tale would fold up
as their players move to the modern, provably fair game
Rulother: I have a close friend that doesn gaming music,
as well
as his own band work too
ThickAsThieves: "BACKERS INCLUDE A WOMAN WHO HAS BEEN REPORTED
AS MISSING SINCE 2011"
ThickAsThieves: “We had a board meeting which put together a small research group, tasked with making an initial assessment of business opportunities in the fledgling digital currency area. The team presented its report in early January, and the report identified the digital currencies
as a potential area of disruptive technological breakthroughs, and a very promising investment opportunity.”
Rulother: I'm sure
as hell am not going to convert my money just to transfer over to ltc exchange for the shares
ystarnaud: i see it
as a good alternative to BTC
ystarnaud: the price drop of LTC is only cause BTC went up... the value is the same
as it was approximatly
gecko_x2: "We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment
as soon
as we are able to, before mining will start."
jborkl: The whole network is mine,
as shit that means it is worthless
mircea_popescu: jborkl on the other hand, i suspect the designs are yet very crude and
as more bright lads look upon the matter we might see significant efficiency gains