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Showing 20 of 181 results by triforcelink
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Board Bitcoin Discussion
Re: bitcoin vs solidcoin
by
triforcelink
on 02/09/2011, 04:18:48 UTC
Evolution is taking place before our very eyes. These forks called solidcoin/namecoin/etc are the 'random' mutations, and ultimately 'natural' selection will determine the most fit coin.
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Board Bitcoin Discussion
Re: Bitcoin = Communism?
by
triforcelink
on 28/08/2011, 02:34:36 UTC
What's the point of a currency if everything is free?
In my mind at least, the point of a currency is to make transactions as close to friction-less as possible. I really hate having to worry the cost of actually using a currency.
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Topic
Board Mining
Re: Going offline for hurricane irene
by
triforcelink
on 28/08/2011, 02:08:43 UTC
I am right outside philly and turning mine off as well. I believe he meant to say "tarp" not "tap".
yea, sorry. That's what happens when you type on a touch screen  Roll Eyes
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Board Mining
Topic OP
Going offline for hurricane irene
by
triforcelink
on 26/08/2011, 20:37:29 UTC
There is a major hurricane headed up the US east coast. I'm moving my miners away from windows and covering them with a tap tarp.
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Topic
Board Bitcoin Discussion
Re: Bitcoin = Communism?
by
triforcelink
on 25/08/2011, 22:32:48 UTC
That assumes that bob shares his improvements for free. i have seen several optimized miners people have attempted(some sucessfully) to sell. Bitcoin is a very open market everyone has an equal opourtunity to earn bitcoins that does not mean that everyone earns an equal number of bitcoins.
True. I just feel like everything in the bitcoin world should be 'free' free bitcoin transactions, free products and services. But I guess there is not really way of going around it, the appropriate people need to be awarded one way or another.
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Board Bitcoin Discussion
Topic OP
Bitcoin = Communism?
by
triforcelink
on 25/08/2011, 22:19:43 UTC
Random thought...

Bob might be working his ass off to improve bitcoin, which in turn raises the price of bitcoin. But Joe sits back and enjoys the fruits of Bob's labor by simple holding on to a bunch of bitcoins he did almost no work to acquire.

If Bob minds his own business, then we don't really have a problem. But if Bob wants to maximize his returns for the work he puts in...
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Topic
Board Speculation
Re: Should we be concerned about the new alternate block chains/cryptocurrencies?
by
triforcelink
on 25/08/2011, 21:51:18 UTC
This will force bitcoin to become better. The top currency will have to earn its spot. Just because bitcoin was first, does not make it the best. Facebook was not the first social networking site by a long shot. Nor was the mining pool deepbit the first mining pool. I foresee many new blockchains starting up but only few of them will be at the top.

Bitcoin has had a good start, but at this point in time, it needs some serious organization to make the currency we all have hoped and dreamed for it to become.

We need PR, marketing, simplification, and more liquidity. And most of all, we need products and services which make good use of bitcoin, something like silkroad... just more legal.. when it comes to silkroad, bitcoin fulfilled an actual need. We have yet to see an effective micro payment system, I want to see something that works in a SINGLE click.
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Board Altcoin Discussion
Re: IXcoin -- enough is enough!
by
triforcelink
on 16/08/2011, 18:44:22 UTC
Ultimately the better player will win. We can look at these competitor chains as our challengers, and we can only defeat them by becoming better ourselves.

Its not a case of being better. IXCoin is not in competition with Bitcoin. There's no reason the 2 currencies cant exist side by side as silver does with gold.

Edit: btw IXCoin is selling for as little as 0.00279900 atm. The lowest price you could get them for only 2 days ago was 0.00649900. Get your orders in before the price rise...
They are competing for our attention, the one with more eyeballs will most likely have the highest value.
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Board Altcoin Discussion
Re: IXcoin -- enough is enough!
by
triforcelink
on 16/08/2011, 07:30:07 UTC
Ultimately the better player will win. We can look at these competitor chains as our challengers, and we can only defeat them by becoming better ourselves.
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Topic
Board Bitcoin Discussion
Re: How to Make Bitcoin Sexy!?
by
triforcelink
on 16/08/2011, 07:02:27 UTC

I believe Bitcoin is very useful. My statement was in reference to the ease of sending and receiving Bitcoin.

Hmmm... What would Apple do?
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Board Bitcoin Discussion
Re: How to Make Bitcoin Sexy!?
by
triforcelink
on 16/08/2011, 06:30:28 UTC
Sexy?

How about useful first? That's sexy, at least to me.


This issue has me perplexed. With all the bright minds on this board, and of those attached to Bitcoin elsewhere, why hasn't this issue been solved? It's like building the best rocket in the world to explore the universe, but nobody knows how to get it off the ground, let alone into space.

Ok, how about we start by defining the word 'useful'? What is it that we need bitcoin to do that it currently can't do?
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Board Bitcoin Discussion
Re: How to Make Bitcoin Sexy!?
by
triforcelink
on 16/08/2011, 05:28:34 UTC
I think there should be a bitcoin standards committee. This committee would be made up of people from around the world. They would choose the 'official' bitcoin logos, icons, and designs. They could also come up with the bitcoin mission statement in order to give the bitcoin community some solid goals.

I have no doubt that bitcoin could be VERY sexy if that is something we strived for.
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Board Bitcoin Discussion
Re: Anyone else excited about difficulty decrease?
by
triforcelink
on 16/08/2011, 02:38:24 UTC
Yea, more coins for me! I would like to thank the bitcoin price drop for making this difficulty decrease possible!  Grin
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Board Mining
Re: what else can the mining rig do while its mining?
by
triforcelink
on 14/08/2011, 06:00:07 UTC
I download torrents on one, and I keep backup data on another. Setting up a tor node might be fun Tongue
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Board Speculation
Re: Are we about to witness something epic?
by
triforcelink
on 14/08/2011, 05:29:09 UTC
Your LAST chance to buy in at $10!
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Topic
Board Speculation
Re: Bitcoin simply are not worth ($10 or $9 or $8)
by
triforcelink
on 13/08/2011, 19:40:51 UTC
You guys forgot to mention network security (look up the 51% attack) What is the cost of security and how do you even go about measuring it?
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Topic
Board Speculation
Re: Next chapter in the life of Bitcoin?
by
triforcelink
on 12/08/2011, 09:00:29 UTC
The forecast is cloudy, with a chance of doom.
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Topic
Board Bitcoin Discussion
Re: Unofficial attendence list - Bitcoin Conference & World Expo 2011 NYC
by
triforcelink
on 08/08/2011, 00:22:32 UTC
I will be there. I'm already paid and registered. If you don't find the chance to meet some of the fellow bitcoiners exciting, then this is probably not for you.

I bet Satoshi will be there...
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Topic
Board Bitcoin Discussion
Topic OP
How do I determine the legitimacy of a bitcoin service?
by
triforcelink
on 07/08/2011, 11:41:55 UTC
I'm trying to compile a list of things that people should look/ask for before trusting services which ask for personal information and or bitcoins.

What I have so far:

Reputation - How long have they been around? Have they made a meaningful contributions to the community before? (Posts on forums/reddit, wrote open source code, submitted ideas, etc.)

Publicity - Have they made a public appearance or disclosed their location? - Have they made an appearance on OnlyOneTV? Or anywhere else online? (YouTube channels, podcasts, etc.)

Professionalism - How 'professionally' do they handle themselves? How sincere are they? (Do they go out of their own way to help you?) How professional does their service look? (The more effort and attention they put into the service, the more likely they are to care about it and its users.)

*Side Note* Just because someone does not meet all the criteria does NOT make them illegitimate. Use your own judgement!
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Topic
Board Mining
Re: This is just getting nuts
by
triforcelink
on 06/08/2011, 05:02:26 UTC
Ultimately, what determines the profitability of mining is your actual sell price. I believe that the price of bitcoin will ultimately go up and therefore I can actually choose at what price I want to sell.