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Showing 20 of 62 results by PolkRB
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Topic
Board Mining speculation
Re: No ROI on future Mining, its a FACT!
by
PolkRB
on 18/01/2014, 07:41:22 UTC
What's PoW?

Proof of Witchcraft, which is very well known for its energy efficiency.

Got ya! thanks!
Post
Topic
Board Mining speculation
Re: No ROI on future Mining, its a FACT!
by
PolkRB
on 18/01/2014, 02:01:44 UTC
Bitcoin will revolutionize not only money/markets etc, but many other aspects of our life. It will bring free abundant energy possibilities soon enough.

Bitcoin is based on PoW, how can you say that?

What's PoW?
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Topic
Board Mining speculation
Re: No ROI on future Mining, its a FACT!
by
PolkRB
on 17/01/2014, 23:06:55 UTC
Bitcoin will revolutionize not only money/markets etc, but many other aspects of our life. It will bring free abundant energy possibilities soon enough.
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Topic
Board CPU/GPU Bitcoin mining hardware
Re: 38 gh/s blockeruper 285$
by
PolkRB
on 15/01/2014, 06:57:26 UTC
My cube order (with the tracking number) just went into "frozen" state. Probably will be cancelled/refunded.

To add to this, I'm also having my friend in china order an antminer via taobao (They won't ship to USA). They are about $1300 USD on the taobao site. Hopefully that one goes through.


Nope, Taobao didn't work out either. I'm pretty confident now that the price for an ant is $2300 - $2800 Smiley




Thanks for confirming. This is sad, but expected.
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Topic
Board Micro Earnings
Re: FREE BITCOIN Sites *and* Free Newbie Lotto
by
PolkRB
on 15/01/2014, 01:32:58 UTC
This thread needs to be closed. At this point it's only growing with junk.
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Topic
Board Economics
Re: Inflation and Deflation of Price and Money Supply
by
PolkRB
on 14/01/2014, 07:10:03 UTC
This video somewhere in the middle explains how deflation can work out just fine. It helped me to understand it much better:
https://www.youtube.com/watch?v=JP9-lAYngi4
Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: 38 gh/s blockeruper 285$
by
PolkRB
on 13/01/2014, 20:50:36 UTC
What a disappointment. The price looked so good Smiley
Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: 38 gh/s blockeruper 285$
by
PolkRB
on 13/01/2014, 20:16:41 UTC
So, yes, this appears to be all fraud or unreliable sellers. Not the AliExpress store, but the sellers. I have ordered 10 miners a few days ago and today I have received an email from Ali:

Quote
Your Order No:608185xxxx3115 has been closed because the supplier did not provide necessary evidence. The payment will be refunded to you within 7-10 working days.
AliExpress strives to continuously improve our trading environment. Thank you for your understanding and continued support.

Sincerely,
AliExpress Trade  Security Department
Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: 38 gh/s blockeruper 285$
by
PolkRB
on 13/01/2014, 16:38:32 UTC
Post
Topic
Board Beginners & Help
Re: Why do people not put their Bitcoins in Cold Storage?
by
PolkRB
on 13/01/2014, 12:01:46 UTC
cold storage = on a flash disk stored in a safe

This sounds a lot better than printing to paper. What if paper quality degrades and you won't be able to scan the QR...

What if the USB breaks or becomes corrupted and you lose it?

Then just like paper the whole cold storage talk is not secure as well as hot storage if one can't secure the online wallet well enough.
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Topic
Board Beginners & Help
Re: Why do people not put their Bitcoins in Cold Storage?
by
PolkRB
on 13/01/2014, 11:35:02 UTC
cold storage = on a flash disk stored in a safe

This sounds a lot better than printing to paper. What if paper quality degrades and you won't be able to scan the QR...
Post
Topic
Board Micro Earnings
Re: FREE BITCOIN Sites *and* Free Newbie Lotto
by
PolkRB
on 13/01/2014, 03:14:05 UTC
add microwallet user polkrb please
Post
Topic
Board Altcoin Discussion
Re: List of all cryptocoins
by
PolkRB
on 13/01/2014, 03:04:44 UTC
to all the "the list is a joke" folks: yeah, people have financial interests to have their pump and dump schemecoin high up in this list and therefore advocate for the one or the other way of handling stuff and OP surely is not neutral as you simply can't be neutral about something like alt coins but another project that also managed to provide decent information honoring everybody's pet project in a way was Prism Break. This was a short list first, containing bitcoin by the way, so yeah, it was kind of exploiting a sentiment to push an agenda but anyway, now it is an extensive list of all kind of stuff in many languages, managed via GitHub with 100 contributors and thousands of commits.

One man alone can not maintain this list but he can manage pull requests and keep trolls under control. I suggest to throw the OP into a GitHub repo and then people can suggest changes in all kinds of ways.

List on GitHub is a great idea for everyone to contribute.
Post
Topic
Board Bitcoin Discussion
Re: Western Union DEAD in the Water !!!
by
PolkRB
on 12/01/2014, 19:11:43 UTC
The other day at the grocery store I stood next to a gentleman from Egypt that wanted to WU $200 to his family back home for Xmas.

Funny you say that. In Egypt they don't celebrate Xmas. *cough*muslims*cough*
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Board Bitcoin Discussion
Re: Western Union DEAD in the Water !!!
by
PolkRB
on 12/01/2014, 10:13:06 UTC
That's just crazy!
Post
Topic
Board Mining speculation
Re: Poll for the Jalapeno owners
by
PolkRB
on 12/01/2014, 08:24:22 UTC
Please  don't vote If you don't own a BFL Jalapeno !

Then why putting "blank" question there? Smiley
Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: 38 gh/s blockeruper 285$
by
PolkRB
on 12/01/2014, 08:22:01 UTC

Good luck. Let us know if you get it. The site says 6 orders. It's strangely too low. i'd expect to see more orders.
Post
Topic
Board Economics
Re: Inflation and Deflation of Price and Money Supply
by
PolkRB
on 11/01/2014, 01:11:27 UTC
Economists are the types of pseudo-intellectuals that create mathematical models, which almost never work in the real world. Anyway, as far as my understanding goes, today we live in a debts-driven-and-debts-stimulating society, where inflation has a soothing effect. Let's say the GDP is €1 trillion, inflation is 2%, debt is €0.6 trillion, which is 60% of GDP,  and economic growth is 0% then next year GDP reads €1.020  trillion and debt is still €0.6 trillion, which has magically become 'only' 58.8% of GDP. Isn't that great ?! No, it isn't, because someone needs to pay the bill, at the end of the line. Debts do exist in the real world, but they are anonymous, transformed, transferred, disguised and encapsulated within the totality of the money-system and this results in an intrinsic value of contemporary conventional currencies; each coin (real or virtual) hides this shared debt proportionally.

Now, wouldn't the world change all that if we gradually change into a debts-discouraging society driven by a deflationary currency like Bitcoin?

You have demonstrated a perfect example why many do not know how to use percentages properly. 60% - 58.8% - looks good, fooled the people, but the actual amount is what more important.

99% of the people i've met thinks inflation (in their mind CPI) is good as it makes the debts appear smaller and it is the creditors who suffer. Creditors are those who have a legal future claim on money. Hence those who lend out money as debt have a claim for that debt to be repaid in the future. What 99% do not understand is that they are also creditors, i.e. those who have insurance policies, pensions, savings.......people have a legal future claim on that money and they also suffer from inflation and not just those who lend the money out.

No, actually the 1% hold a lot of assets, which are being driven up by the debt based system. Most of the 99% own a tiny amount of assets per person in comparison. They are creditors but not in any meaningful way.

The 99% will never be able to become the 1%. This is the system. It is unfair and it has been in place for the last fifty years.

99% of people you meet liking inflation indicates you are probably working in finance, economics or government. Real people with real jobs hate inflation. Especially the millions of unemployed people in the US and Europe.

Debt is just a civilised version of slavery. Maybe we don't need debt. At least now we have a choice in an alternate monetary system called bitcoin.

Very well said!
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Topic
Board Beginners & Help
Re: Hi. How's it going?
by
PolkRB
on 10/01/2014, 20:19:34 UTC
Finally! I can reply to something! Sorry for maybe not saying all that much, but ive been banging my head against the wall as to why i couldnt reply.
Missed out on oin giveaway now, tyvm. I get it now after finding the well hidden newbie section. But still coulda been a little disclamer in help part of the forum maybe?  Smiley aka, cant post if your new? Smiley

But other then that im good. How bout you Polk? what you mining these days?

I mine BTC only with a few cubes.
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Topic
Board Beginners & Help
Re: Hi. How's it going?
by
PolkRB
on 09/01/2014, 11:12:43 UTC
New to this forum.  Is this a thing we have to do?  Just trying to find my feet.

Don't have to. Just blend in I guess and join other conversations....