Search content
Sort by
Showing 20 of 53 results by blasthash
Are those garbage bags? Holy hell.
It'd fix more problems than it creates.
Ah shit! My bad for not reading!
God that would be wonderful... I mean I can't see why it wouldn't be medical some day! Moderation and medicine management!
I'd love to see the day when medical coke becomes a thing.
God that would be wonderful... I mean I can't see why it wouldn't be medical some day! Moderation and medicine management!
Shit, it'd be the Midwest Blizzard every day at my house haha
http://3.bp.blogspot.com/-aMN-MuwrXnk/TwYPvQyyjbI/AAAAAAAAAiE/bAoH8FEOJyw/s1600/scarfacesnowman.jpg
A: Put money into Huntercoin(HUC)
B: Profit 100x
C: Buy yacht and salt shakers full of cocaine.
B: Profit 100x
C: Buy yacht and salt shakers full of cocaine.
Salt shakers o' yayo. Sounds like it's worth ripping off a bunch of unsuspecting bitcoin n00bs, huh?
You should research before you post, so you don't look like such a cum guzzler. Huntercoin is a way that noobs can get into digital currencies.
Huntercoin is the shit and I was saying that about "medical cocaine". Future stuff
Dog, chill. I was sharing the joke about salt shakers full of cocaine and making fun of the OP's concept, not expressing derision at your post. If you'd read just a few pages up, you'd see that I'm a fairly vocal critic of this thread's premise. Bit of cynical humor, that's all. Apologies for making it rather ambiguous.
I'd love to see the day when medical coke becomes a thing.
Like I said this was just a post to gauge interest and not anything official. I said the official Announcement along with the application process will be up at a later date.
a scammers favorite fallback line!
very vague with no calculations, no proof, no insight, etc
you are only asking for money and those who pay will have to work for the privileged of paying you, while you do nothing
you claim it is not a scam, prove it!
$100,000 from a Nigerian bank?
From a Zimbabwean bank. You can purchase $100 trillion Zimbabwe notes for about $30 USD. Sounds about right.
A: Put money into Huntercoin(HUC)
B: Profit 100x
C: Buy yacht and salt shakers full of cocaine.
B: Profit 100x
C: Buy yacht and salt shakers full of cocaine.
Salt shakers o' yayo. Sounds like it's worth ripping off a bunch of unsuspecting bitcoin n00bs, huh?
Here's my turn for the $0.02.
Let's get this straight -
1) You claim you're a "self-taught expert ... in many fields";
2) That you want to start your own cryptocurrency;
3) That you're willing to back it with $100,000;
4) And you're expecting to have people jumping at you such that you can sort through their qualifications like it's a list of girls wanting to date you.
Let me address the above, point-by-point.
1) First off, you're tooting your own horn major here. Anyone who indeed has the qualifications usually need not say it. They speak, and the eloquence that flows out of their mouth demonstrates to others that they have an innate interest in what they are trying to sell as much as their prospective clientele. You haven't demonstrated that inherent trust yet. How are we supposed to take what you say at face value seriously if you're sitting there ballooning your own ego? You throw out economics, finance, and cryptography and talk about advertising and marketing like they're all trivial fields, and I assure you, they're not.
2) Starting, backing and promoting a cryptocurrency is a multi-man effort, unless you happen to be a graduate from Harvard School of Business with another bachelor's in Computer Science (and significant experience in this field and open-source in general) and you have access to, and can pitch to, a large enough scope of people to make the first two qualifications even near relevant. Too much ambition is called insanity for a reason.
3) This is just crazy. First of all, it's crazy to throw that level of your own money into any unproven technology, knowing that which coins succeed and which fail is mostly anecdotal at this point (although, if you're a "self-taught expert", I expect you to have found some trends...), and you could very well tank out and end up with squat. I suspect this is mostly a ruffling of your feathers, so feel free to post your transfer check stubs, transfer receipts, or any other form of media that would even start to suggest you actually made such an investment. You can't make a show of force without punching something or stomping on someone's head.
Secondly, supposing that you have 1 share out of 1,000, that means that you have $100 out of your original $100,000. That also means you would need to undergo gains in excess of 1,000 times before you would stake a profit. I see two core flaws with this - the first one being amount of exposure, the second one being rate of exposure.
Amount of exposure - if there's only 1,000 shares in existence, you're looking for transactions between 1,000 entities only to appreciate to *1,000 the initial value. What most people are going to do is do exactly what you seem to have in mind. Sit on the golden egg. So, assuming 20% actually use and exchange this "currency", you're looking at 200 entities trying to appreciate three-orders-of-magnitude gains in a time-table that will have you see a profit. Unless you're investing Zimbabwe money, that won't happen.
Rate of exposure - you haven't talked about whether more shares can be created by any way through mining, but I suggest you go to the valuation tables for BTC and look at how long it took to go from a (roughly) initial value to that value *1,000. Keep in mind, when doing so, that if you're going to limit your initial disbursement amount to 1,000 people, that Bitcoin had a couple orders of magnitude greater people working toward its mining and those numbers are what you consider for how fast a cryptocurrency will appreciate or depreciate.
4) This ain't gonna happen with anyone that fits the range of people you're looking for. As I just finished writing, you need to instill confidence, and this certainly ain't the way to go through with it. You want to attain confident, smart people that can generate returns for you? Good luck with this being the first set of posts you've made where you're displaying a level of egotism that people of longer stature on these forums don't.
You haven't contributed anything of remote value to any of the (valid) inquiries/criticisms people have posted on your thread. Nor have you posted any details about the inner code workings of your currency, or about how the system is designed to be transacted. I would call Ponzi scheme on this, but it doesn't even appear to be that. It appears to be a poorly-thought-out project by a person who expects poorly-informed plebians to carry him to a poorly-thought-out endpoint by simply donating their developing and promotion means. You haven't explained any way that this will return a profit, other than saying you have a share?
How do you intend to enter negotiations with exchanges that allow your shares to be converted to that thing that actually matters (i.e. cash)?
How do you intend to make your "$100,000" investment bona fide into shares as opposed to just being a clever attraction tool?
Until we get actual answers from you as to the inner workings of this whole otherwise-crackpot idea, I'm calling bluff/scam on it all. You want to change my mind? Provide me with meaningful answers that aren't deflections.
Let's get this straight -
1) You claim you're a "self-taught expert ... in many fields";
2) That you want to start your own cryptocurrency;
3) That you're willing to back it with $100,000;
4) And you're expecting to have people jumping at you such that you can sort through their qualifications like it's a list of girls wanting to date you.
Let me address the above, point-by-point.
1) First off, you're tooting your own horn major here. Anyone who indeed has the qualifications usually need not say it. They speak, and the eloquence that flows out of their mouth demonstrates to others that they have an innate interest in what they are trying to sell as much as their prospective clientele. You haven't demonstrated that inherent trust yet. How are we supposed to take what you say at face value seriously if you're sitting there ballooning your own ego? You throw out economics, finance, and cryptography and talk about advertising and marketing like they're all trivial fields, and I assure you, they're not.
2) Starting, backing and promoting a cryptocurrency is a multi-man effort, unless you happen to be a graduate from Harvard School of Business with another bachelor's in Computer Science (and significant experience in this field and open-source in general) and you have access to, and can pitch to, a large enough scope of people to make the first two qualifications even near relevant. Too much ambition is called insanity for a reason.
3) This is just crazy. First of all, it's crazy to throw that level of your own money into any unproven technology, knowing that which coins succeed and which fail is mostly anecdotal at this point (although, if you're a "self-taught expert", I expect you to have found some trends...), and you could very well tank out and end up with squat. I suspect this is mostly a ruffling of your feathers, so feel free to post your transfer check stubs, transfer receipts, or any other form of media that would even start to suggest you actually made such an investment. You can't make a show of force without punching something or stomping on someone's head.
Secondly, supposing that you have 1 share out of 1,000, that means that you have $100 out of your original $100,000. That also means you would need to undergo gains in excess of 1,000 times before you would stake a profit. I see two core flaws with this - the first one being amount of exposure, the second one being rate of exposure.
Amount of exposure - if there's only 1,000 shares in existence, you're looking for transactions between 1,000 entities only to appreciate to *1,000 the initial value. What most people are going to do is do exactly what you seem to have in mind. Sit on the golden egg. So, assuming 20% actually use and exchange this "currency", you're looking at 200 entities trying to appreciate three-orders-of-magnitude gains in a time-table that will have you see a profit. Unless you're investing Zimbabwe money, that won't happen.
Rate of exposure - you haven't talked about whether more shares can be created by any way through mining, but I suggest you go to the valuation tables for BTC and look at how long it took to go from a (roughly) initial value to that value *1,000. Keep in mind, when doing so, that if you're going to limit your initial disbursement amount to 1,000 people, that Bitcoin had a couple orders of magnitude greater people working toward its mining and those numbers are what you consider for how fast a cryptocurrency will appreciate or depreciate.
4) This ain't gonna happen with anyone that fits the range of people you're looking for. As I just finished writing, you need to instill confidence, and this certainly ain't the way to go through with it. You want to attain confident, smart people that can generate returns for you? Good luck with this being the first set of posts you've made where you're displaying a level of egotism that people of longer stature on these forums don't.
You haven't contributed anything of remote value to any of the (valid) inquiries/criticisms people have posted on your thread. Nor have you posted any details about the inner code workings of your currency, or about how the system is designed to be transacted. I would call Ponzi scheme on this, but it doesn't even appear to be that. It appears to be a poorly-thought-out project by a person who expects poorly-informed plebians to carry him to a poorly-thought-out endpoint by simply donating their developing and promotion means. You haven't explained any way that this will return a profit, other than saying you have a share?
How do you intend to enter negotiations with exchanges that allow your shares to be converted to that thing that actually matters (i.e. cash)?
How do you intend to make your "$100,000" investment bona fide into shares as opposed to just being a clever attraction tool?
Until we get actual answers from you as to the inner workings of this whole otherwise-crackpot idea, I'm calling bluff/scam on it all. You want to change my mind? Provide me with meaningful answers that aren't deflections.
Like I said this was just a post to gauge interest and not anything official. I said the official Announcement along with the application process will be up at a later date.
You'd get more interest if you cut it with the BS one-liners. You want interest, you give details up-front. If you go look at the actual announcements for the other altcoins they all specify up front their principles.
Mush in, mush out.
b.hash
Here's my turn for the $0.02.
Let's get this straight -
1) You claim you're a "self-taught expert ... in many fields";
2) That you want to start your own cryptocurrency;
3) That you're willing to back it with $100,000;
4) And you're expecting to have people jumping at you such that you can sort through their qualifications like it's a list of girls wanting to date you.
Let me address the above, point-by-point.
1) First off, you're tooting your own horn major here. Anyone who indeed has the qualifications usually need not say it. They speak, and the eloquence that flows out of their mouth demonstrates to others that they have an innate interest in what they are trying to sell as much as their prospective clientele. You haven't demonstrated that inherent trust yet. How are we supposed to take what you say at face value seriously if you're sitting there ballooning your own ego? You throw out economics, finance, and cryptography and talk about advertising and marketing like they're all trivial fields, and I assure you, they're not.
2) Starting, backing and promoting a cryptocurrency is a multi-man effort, unless you happen to be a graduate from Harvard School of Business with another bachelor's in Computer Science (and significant experience in this field and open-source in general) and you have access to, and can pitch to, a large enough scope of people to make the first two qualifications even near relevant. Too much ambition is called insanity for a reason.
3) This is just crazy. First of all, it's crazy to throw that level of your own money into any unproven technology, knowing that which coins succeed and which fail is mostly anecdotal at this point (although, if you're a "self-taught expert", I expect you to have found some trends...), and you could very well tank out and end up with squat. I suspect this is mostly a ruffling of your feathers, so feel free to post your transfer check stubs, transfer receipts, or any other form of media that would even start to suggest you actually made such an investment. You can't make a show of force without punching something or stomping on someone's head.
Secondly, supposing that you have 1 share out of 1,000, that means that you have $100 out of your original $100,000. That also means you would need to undergo gains in excess of 1,000 times before you would stake a profit. I see two core flaws with this - the first one being amount of exposure, the second one being rate of exposure.
Amount of exposure - if there's only 1,000 shares in existence, you're looking for transactions between 1,000 entities only to appreciate to *1,000 the initial value. What most people are going to do is do exactly what you seem to have in mind. Sit on the golden egg. So, assuming 20% actually use and exchange this "currency", you're looking at 200 entities trying to appreciate three-orders-of-magnitude gains in a time-table that will have you see a profit. Unless you're investing Zimbabwe money, that won't happen.
Rate of exposure - you haven't talked about whether more shares can be created by any way through mining, but I suggest you go to the valuation tables for BTC and look at how long it took to go from a (roughly) initial value to that value *1,000. Keep in mind, when doing so, that if you're going to limit your initial disbursement amount to 1,000 people, that Bitcoin had a couple orders of magnitude greater people working toward its mining and those numbers are what you consider for how fast a cryptocurrency will appreciate or depreciate.
4) This ain't gonna happen with anyone that fits the range of people you're looking for. As I just finished writing, you need to instill confidence, and this certainly ain't the way to go through with it. You want to attain confident, smart people that can generate returns for you? Good luck with this being the first set of posts you've made where you're displaying a level of egotism that people of longer stature on these forums don't.
You haven't contributed anything of remote value to any of the (valid) inquiries/criticisms people have posted on your thread. Nor have you posted any details about the inner code workings of your currency, or about how the system is designed to be transacted. I would call Ponzi scheme on this, but it doesn't even appear to be that. It appears to be a poorly-thought-out project by a person who expects poorly-informed plebians to carry him to a poorly-thought-out endpoint by simply donating their developing and promotion means. You haven't explained any way that this will return a profit, other than saying you have a share?
How do you intend to enter negotiations with exchanges that allow your shares to be converted to that thing that actually matters (i.e. cash)?
How do you intend to make your "$100,000" investment bona fide into shares as opposed to just being a clever attraction tool?
Until we get actual answers from you as to the inner workings of this whole otherwise-crackpot idea, I'm calling bluff/scam on it all. You want to change my mind? Provide me with meaningful answers that aren't deflections.
Let's get this straight -
1) You claim you're a "self-taught expert ... in many fields";
2) That you want to start your own cryptocurrency;
3) That you're willing to back it with $100,000;
4) And you're expecting to have people jumping at you such that you can sort through their qualifications like it's a list of girls wanting to date you.
Let me address the above, point-by-point.
1) First off, you're tooting your own horn major here. Anyone who indeed has the qualifications usually need not say it. They speak, and the eloquence that flows out of their mouth demonstrates to others that they have an innate interest in what they are trying to sell as much as their prospective clientele. You haven't demonstrated that inherent trust yet. How are we supposed to take what you say at face value seriously if you're sitting there ballooning your own ego? You throw out economics, finance, and cryptography and talk about advertising and marketing like they're all trivial fields, and I assure you, they're not.
2) Starting, backing and promoting a cryptocurrency is a multi-man effort, unless you happen to be a graduate from Harvard School of Business with another bachelor's in Computer Science (and significant experience in this field and open-source in general) and you have access to, and can pitch to, a large enough scope of people to make the first two qualifications even near relevant. Too much ambition is called insanity for a reason.
3) This is just crazy. First of all, it's crazy to throw that level of your own money into any unproven technology, knowing that which coins succeed and which fail is mostly anecdotal at this point (although, if you're a "self-taught expert", I expect you to have found some trends...), and you could very well tank out and end up with squat. I suspect this is mostly a ruffling of your feathers, so feel free to post your transfer check stubs, transfer receipts, or any other form of media that would even start to suggest you actually made such an investment. You can't make a show of force without punching something or stomping on someone's head.
Secondly, supposing that you have 1 share out of 1,000, that means that you have $100 out of your original $100,000. That also means you would need to undergo gains in excess of 1,000 times before you would stake a profit. I see two core flaws with this - the first one being amount of exposure, the second one being rate of exposure.
Amount of exposure - if there's only 1,000 shares in existence, you're looking for transactions between 1,000 entities only to appreciate to *1,000 the initial value. What most people are going to do is do exactly what you seem to have in mind. Sit on the golden egg. So, assuming 20% actually use and exchange this "currency", you're looking at 200 entities trying to appreciate three-orders-of-magnitude gains in a time-table that will have you see a profit. Unless you're investing Zimbabwe money, that won't happen.
Rate of exposure - you haven't talked about whether more shares can be created by any way through mining, but I suggest you go to the valuation tables for BTC and look at how long it took to go from a (roughly) initial value to that value *1,000. Keep in mind, when doing so, that if you're going to limit your initial disbursement amount to 1,000 people, that Bitcoin had a couple orders of magnitude greater people working toward its mining and those numbers are what you consider for how fast a cryptocurrency will appreciate or depreciate.
4) This ain't gonna happen with anyone that fits the range of people you're looking for. As I just finished writing, you need to instill confidence, and this certainly ain't the way to go through with it. You want to attain confident, smart people that can generate returns for you? Good luck with this being the first set of posts you've made where you're displaying a level of egotism that people of longer stature on these forums don't.
You haven't contributed anything of remote value to any of the (valid) inquiries/criticisms people have posted on your thread. Nor have you posted any details about the inner code workings of your currency, or about how the system is designed to be transacted. I would call Ponzi scheme on this, but it doesn't even appear to be that. It appears to be a poorly-thought-out project by a person who expects poorly-informed plebians to carry him to a poorly-thought-out endpoint by simply donating their developing and promotion means. You haven't explained any way that this will return a profit, other than saying you have a share?
How do you intend to enter negotiations with exchanges that allow your shares to be converted to that thing that actually matters (i.e. cash)?
How do you intend to make your "$100,000" investment bona fide into shares as opposed to just being a clever attraction tool?
Until we get actual answers from you as to the inner workings of this whole otherwise-crackpot idea, I'm calling bluff/scam on it all. You want to change my mind? Provide me with meaningful answers that aren't deflections.
Have you heard of multi-PoW coins?
Myriadcoin can be mined using SHA256, Skein, Scrypt, Groestl, OR Qubit (5 algos total)
Each algorithm is designed to receive 1/5 of total block rewards. Difficulties for each algorithm are independent of each other.
This means that SHA256 ASICs are only competing against SHA256 ASICs for 1/5 of the coins. At home miners on Groestl for example only compete with other Groestl miners for 1/5 of the coins.
It's an incredible new concept that can utilize ASICs for network security while still allowing rewards for the little guy.
Myriadcoin can be mined using SHA256, Skein, Scrypt, Groestl, OR Qubit (5 algos total)
Each algorithm is designed to receive 1/5 of total block rewards. Difficulties for each algorithm are independent of each other.
This means that SHA256 ASICs are only competing against SHA256 ASICs for 1/5 of the coins. At home miners on Groestl for example only compete with other Groestl miners for 1/5 of the coins.
It's an incredible new concept that can utilize ASICs for network security while still allowing rewards for the little guy.
How much network utilization is on each algo, ballpark estimates for difficulties and yields?
I'm not someone with incredible compute power yet, nor do I have the expertise yet to set up miners for the other algos (Scrypt/SHA256, yes, the others, no) and would prefer to get started using some no-frills details. SHA256 though seems cannibalized, so I don't want to jump into something I'm not likely to see yields on.
Hashrate.org is going to be very profitable for 'mining' NXT. And I can tell you the PoW probably isn't going to last long in general, so you should probably be 'mining' coins like Nxt that are PoS and going to have future success because of all the features. The Asset Exchange will launch in about 18 days or so, and that's just the beginning.
I'm interested. Does NXT still have a low enough diff to be efficient on a small scale (i.e. small computer farm)?
One of the most interesting concepts behind NXT is that it is probably the greenest crypto currency, which at the moment is quite an under recognized part of our society. The reason for this is the mining protocol, when coins are being mined it's all based on Stake coins that are forged. NXT does not over exert energy resources just standard electricity and the process electricity that is created by the client, it does not special mining hardware or alternative equipment leading to less electrical consumption.
I'm interested, and I've already gotten a client for it/some seed coins.
Problem is though, how many coins would I have to purchase before the "mining"/forging becomes economical?
Any idea? My main concern is that because it requires seeder coins, I'll put in far more time and seeder money into making it profitable than is worth recovering.
blasthash
Hashrate.org is going to be very profitable for 'mining' NXT. And I can tell you the PoW probably isn't going to last long in general, so you should probably be 'mining' coins like Nxt that are PoS and going to have future success because of all the features. The Asset Exchange will launch in about 18 days or so, and that's just the beginning.
I'm interested. Does NXT still have a low enough diff to be efficient on a small scale (i.e. small computer farm)?
Hit me with what you've got.
I'm looking for a good altcoin to get involved in mining, because trying to mine BTC nowadays is like donating to the power company at best, and LTC is starting to get like that as well (or, at least the last time I was here, about 5 months ago).
I'm not expecting to get rich overnight, just to make a few (and by few, I mean a few) good bucks off a coin that has good growth potential and still a low enough difficulty to be rewarding to me in a timeframe that won't see my grandchildren. I'm reapproaching some novel mining hardware (you may want to see my history of posts if interested) and can kick some power if the time comes.
Let me know your suggestions.
blasthash
I'm looking for a good altcoin to get involved in mining, because trying to mine BTC nowadays is like donating to the power company at best, and LTC is starting to get like that as well (or, at least the last time I was here, about 5 months ago).
I'm not expecting to get rich overnight, just to make a few (and by few, I mean a few) good bucks off a coin that has good growth potential and still a low enough difficulty to be rewarding to me in a timeframe that won't see my grandchildren. I'm reapproaching some novel mining hardware (you may want to see my history of posts if interested) and can kick some power if the time comes.
Let me know your suggestions.
blasthash
For those of you who are following the project, check the buildlog - I updated it.
That being said, we could still use more contributors, in any range from hardware to software or even financial/logistic concerns.
There's an amazing amount of work between idea and implementation, especially when production is considered.
B.H.
That being said, we could still use more contributors, in any range from hardware to software or even financial/logistic concerns.
There's an amazing amount of work between idea and implementation, especially when production is considered.
B.H.
Look at everyone beating each other off on syntax and minor wordings here.
There's nothing to say Bitcoin has or will succeed. We, the users of it, are the predictors of that. Before the concept of fiat, if no one used money, it would always be worth that value because it has intrinsic value. Bitcoin's value is driven off collective speculation of the market, in a concept distinct from, but not unlike, fiat.
Let's not look at Beenz as an earlier analog to Bitcoin, but more of a step in the way. Even though Bitcoin isn't centralized, if the majority of BTC users don't smart up (cough cough, all the n00bs complaining on the anti-BFL threads), you could watch many of the things that happened to Beenz. Just because it's defunct doesn't mean that you can't learn from what happened.
There's nothing to say Bitcoin has or will succeed. We, the users of it, are the predictors of that. Before the concept of fiat, if no one used money, it would always be worth that value because it has intrinsic value. Bitcoin's value is driven off collective speculation of the market, in a concept distinct from, but not unlike, fiat.
Let's not look at Beenz as an earlier analog to Bitcoin, but more of a step in the way. Even though Bitcoin isn't centralized, if the majority of BTC users don't smart up (cough cough, all the n00bs complaining on the anti-BFL threads), you could watch many of the things that happened to Beenz. Just because it's defunct doesn't mean that you can't learn from what happened.
Re: Do You Think The Price of Bitcoins Will Go Down To $5.00?
It's unlikely and almost inconceivable to get to $5, though, because the main benefit of having a large, distributed network is that it takes a sizable amount of people to sell out to drop the value. This is inertia of a stock. You can better believe for the number of people panicking and selling off there will be an equal or greater number of people holding on to it, and that's why I can only see it dropping 50%, maybe 75% at max, in true market free-fall conditions.
I believe drop to $5.00 could only happen if anti-bitcoins laws are approved because of fear of laundering money. Bitcoin would still be used but there would be almost no demand and extensive supply thats why such low USD/BTC
Even that wouldn't happen in most universes. Knowing how resilient us Americans are about making our money, you'd watch the American BTC culture suddenly endorse the Euro. Suddenly every teenager who's ever mined would be reading the WSJ Forex sections.
Re: Do You Think The Price of Bitcoins Will Go Down To $5.00?
I'll pose a scenario. Keep in mind this is speculative; it may never happen, that's not to say it can't, and it's not to say there aren't other routes for which this can happen.
As many of you know, supply and demand are proportionate concepts. One creates the other. A void in one creates a void in another.
If you've studied history, you know that the Wall Street crash that caused the Great Depression was caused by investor speculation that a mass stock drop would occur; they inadvertently caused it.
Bitcoin could go the same route, although by a different impetus.
As we all know, the difficulty is skyrocketing to the point of mining being absolutely inconceivable except by those with IMMENSE power.
There COULD (not saying will) be a point where the difficulty increase becomes so much in a single period, that it causes a significant amount of people to say "fuck this, I'm out". Those people may sell off their BTC, which if enough people decide to do so, will create a size-dependent drop in the value of BTC at that moment. At that point, the sell point is mainly at the mercy of the domino effect - if that drop puts enough of a fear of God into people that the value will free-fall, they'll do the same, and create a situation that if not curtailed by holders that recognize it, is much like a steamroller going down a steep hill with a faulty Jake brake.
It's unlikely and almost inconceivable to get to $5, though, because the main benefit of having a large, distributed network is that it takes a sizable amount of people to sell out to drop the value. This is inertia of a stock. You can better believe for the number of people panicking and selling off there will be an equal or greater number of people holding on to it, and that's why I can only see it dropping 50%, maybe 75% at max, in true market free-fall conditions.
As many of you know, supply and demand are proportionate concepts. One creates the other. A void in one creates a void in another.
If you've studied history, you know that the Wall Street crash that caused the Great Depression was caused by investor speculation that a mass stock drop would occur; they inadvertently caused it.
Bitcoin could go the same route, although by a different impetus.
As we all know, the difficulty is skyrocketing to the point of mining being absolutely inconceivable except by those with IMMENSE power.
There COULD (not saying will) be a point where the difficulty increase becomes so much in a single period, that it causes a significant amount of people to say "fuck this, I'm out". Those people may sell off their BTC, which if enough people decide to do so, will create a size-dependent drop in the value of BTC at that moment. At that point, the sell point is mainly at the mercy of the domino effect - if that drop puts enough of a fear of God into people that the value will free-fall, they'll do the same, and create a situation that if not curtailed by holders that recognize it, is much like a steamroller going down a steep hill with a faulty Jake brake.
It's unlikely and almost inconceivable to get to $5, though, because the main benefit of having a large, distributed network is that it takes a sizable amount of people to sell out to drop the value. This is inertia of a stock. You can better believe for the number of people panicking and selling off there will be an equal or greater number of people holding on to it, and that's why I can only see it dropping 50%, maybe 75% at max, in true market free-fall conditions.
Re: So this women I slept with is already trying to press me funds
Guyz I had sex! 
can you tell me what this experience is like? and how do you do it?
Your first time is kinda like CPU mining on a single core.
It sounds awesome when you start but a couple minutes yet you realize the futility of trying, and the other thing in the equation is all hot.
Re: So this women I slept with is already trying to press me funds
Couldn't help myself, had to mock up a 19" rack panel for fun.
Let me guys know what you think. I'm going to probably design the chassis around a blue glow theme. The 6 slots are for 7-segment readouts, the I/O connectors are panel-mount Neutriks, and we have a big red emergency start button for fun.
This panel is designed for if I decide to watercool the unit. The radiator and fans are moved up front for heat in the winter and because the front of the rig is usually the least impeded (if it's on a desk or in a rack, the rear plate will be up against a wall or enclosure panel; we want efficiency - since when have you put a computer against the wall facing the wrong way?).
Again, let me know what you guys think.
The upload is of bad quality but I think it looks pretty snazzy.
http://i1272.photobucket.com/albums/y384/blasthash/CellBE_Supercomputer-1_zps2c89570b.jpg
Let me guys know what you think. I'm going to probably design the chassis around a blue glow theme. The 6 slots are for 7-segment readouts, the I/O connectors are panel-mount Neutriks, and we have a big red emergency start button for fun.
This panel is designed for if I decide to watercool the unit. The radiator and fans are moved up front for heat in the winter and because the front of the rig is usually the least impeded (if it's on a desk or in a rack, the rear plate will be up against a wall or enclosure panel; we want efficiency - since when have you put a computer against the wall facing the wrong way?).
Again, let me know what you guys think.
The upload is of bad quality but I think it looks pretty snazzy.
http://i1272.photobucket.com/albums/y384/blasthash/CellBE_Supercomputer-1_zps2c89570b.jpg
It's a start. Maybe have the option of liquid cooling it for silent operation, but that's just a luxury.
True. I'm probably going to build the first R&D prototype with a liquid cooler for efficiency, although production, when we get to that point, will most likely have it as an option.
It was like swagbucks. Comparing swagbucks to Bitcoin is extremely daft.
"global money that would challenge the worlds major currencies"
"beenz management and its legal teams had to meet with finance ministers across Europe to assure them that Beenz would be categorized as virtual points"
Ridiculous.
"global money that would challenge the worlds major currencies"
"beenz management and its legal teams had to meet with finance ministers across Europe to assure them that Beenz would be categorized as virtual points"
Ridiculous.
The centralization of Beenz is what killed it. They had to bend over backwards to try to keep the banks and governments happy. And while the banks initially seemed to be on board, mainly to keep from being called anti-competitive, they would never allow a system like Beenz to grow big enough to challenge their monopoly on money.
From this history I predict:
Banks and their allies will eventually declare war on Bitcoin, but it will not be an open declaration.
With no central organization to attack, the war will rely on propaganda and ever-tightening regulation designed to stifle legitimate use.
Bitcoin will enjoy varying levels of legality depending on the country it's used in.
Eventually the population will reach critical mass of acceptance and vote to deregulate.
OMG. Bitcoin isn't digital gold. Bitcoin is digital pot.
What hath you done?
Re: So this women I slept with is already trying to press me funds
I told her to buy her own fucking bitcoin, or better yet buy bitchcoin.
Make the bitch mine for you.
If you're lucky, you may get 1 hash/min if you take away her phone.