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Showing 10 of 10 results by khagler
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Board Economics
Re: Current Bitcoin inflation rate = 35%. Price = stable
by
khagler
on 24/04/2012, 04:39:08 UTC
Where can we get info on the number of Bitcoin nodes in use? That sounds like a great metric.

It's not really that great because it doesn't account for all the tens of thousands of online wallets secured by exchanges and ewallet service providers.

Also, unless it's something like "different nodes seen in the last week" it wouldn't account for people like me who only run the Bitcoin client long enough to catch up on the blockchain and the occasional transaction.
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Topic
Board Economics
Re: Paul Krugman -- world champion troll
by
khagler
on 24/04/2012, 04:35:24 UTC
Krugman didn't get the Nobel Prize for Economics, he got the Nobel Prize for Criticizing Bush. It's the same principle as Obama getting the Nobel Prize for Not Being Bush.
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Board Bitcoin Discussion
Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ?
by
khagler
on 22/04/2012, 23:15:40 UTC
We can get an idea of what to expect by looking at the history of e-gold. The US government started attacking the exchange sites before they went after e-gold itself, and the banks would deny them accounts, making it increasingly difficult for people to exchange dollars (or whatever) for e-gold. We can certainly expect them to do the same thing with bitcoin exchanges eventually, because they already know it works.

I don't really have an answer to this. While it's nice that Intersango exists because competition is good, it's apparently located in the UK, which is just as subject to the US government as Japan is. Maybe an exchange will crop up that's just as (relatively) easy to get US dollars to and from but is located in a country where the government has both a backbone and a nuclear arsenal, but unless that happens I think we're pretty much enjoying the high point of national currency-to-bitcoin exchange right now.

The good news is that e-gold did hold on after the exchanges started getting shut down--it wasn't until the US government attacked them directly that they went down. With bitcoin there is no central authority, making it much harder for the government to attack. With major economies in the world circling the drain, the demand for bitcoin (or something like it) seems likely to increase, hopefully fast enough to make it impossible to do an attack by controlling the majority of the network.
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Topic
Board Mining
Re: How much do you pay for power?
by
khagler
on 22/04/2012, 20:32:12 UTC
Those fractions add up.

It's 14.5 cents (plus some fractions) per kW/h in Los Angeles.
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Topic
Board Beginners & Help
Re: Soon - VoIP service for Bitcoins!
by
khagler
on 20/04/2012, 03:52:31 UTC
Suport for the G.722 codec.

Make sure that your server doesn't mess with ZRTP (some do), and then advertise the fact if it doesn't.
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Topic
Board Beginners & Help
Re: Tesla M2070...bitcoin generator?
by
khagler
on 20/04/2012, 02:50:06 UTC
It's an nVidia card meant for grid computing--like Seti@home and the like, not bitcoin mining. I'm not sure it even can support a monitor. I think you're right about the seller's motives in advertising it--those things do serve a purpose, but neither bitcoin mining nor gaming is it.
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Topic
Board Beginners & Help
Re: BTC Breakout?
by
khagler
on 17/04/2012, 06:01:57 UTC
1.  There needs to be a lite and quick personal client.   When the client has been offline for a bit, it can take way to long to catch up.  

I understand people are working on such things. See Electrum, for example.

Also, the mechanism that the official client uses to download the blockchain is ridiculously slow. I've found that it takes over 24 hours to download the whole thing on a fresh install of the client, and I can get a TV show of the same size in under ten minutes from iTunes. I have no idea if there's something about the technology that requires it to be that way, but it's not the size of the data being downloaded that makes it so slow.
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Topic
Board Beginners & Help
Re: Bitcoin isn't green
by
khagler
on 17/04/2012, 05:39:18 UTC
If you're worried that Bitcoin is a sin in your religion, why not just go to the Catholic Church Al Gore and buy an indulgence carbon offset?
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Topic
Board Beginners & Help
Re: Introduce yourself :)
by
khagler
on 17/04/2012, 05:19:15 UTC
I've been interested in online currency system since reading about digicash in the 1990s. Mostly I lurk.
Post
Topic
Board Exchanges
Re: www.BitcoinExchange.cc - Western Union, MoneyGram, Bank Wire, ACH, Dwolla
by
khagler
on 06/06/2011, 06:40:33 UTC
I exchanged my remaining Pecunix balance for bitcoins, and the transaction went quickly and smoothly.