GreenSky, I think you think it is the most beautiful data ever created because beauty is in the eye/ear of the beholder.

Proofs>

Although beauty may be in the eye of the beholder, the feeling of being beautiful exists solely in the mind of the beheld.
Martha Beck

Read more: http://www.brainyquote.com/quotes/keywords/beholder.html#ixzz1Nu0Wf3t1

Beauty is in the heart of the beholder.
H. G. Wells

Read more: http://www.brainyquote.com/quotes/keywords/beholder.html#ixzz1Nu0cfAdv

Beauty is not in the face; beauty is a light in the heart
~ Kahlil Gibran~

and the coup de tate

"Beauty is in the eye of the beholder."
 ~Plato ~

So that is why I think you think it is the most beautiful.
 


PS. Want us to solve the puzzle, that obviously will take time and effort. How much BTC are you offering?  I am a capitalist. 

Ah, SETI is offline due to funding. 

It seems our politicians have forgot the old adage: It is better to get $1 from 100 people, rather than $100 from 1.   But that lesson will quickly re-learned. At the cost of their careers and their bribers lobbyists.

Agreed, it was less than a week before talk of American Casino's wanting a Federal Law for Online Gambling. It is a Billion Dollar industry and that can get laws passed. The Politicians, I don't think, expected the back lash to be so brutal though. I guess they were just unaware as is usually the case that FullTilt and PokerStars was so supported by the masses.

Every once in a while turn on Generating for an hour, and see if you win the lottery, also

That is an important number to keep track of, however, an increase doesn't directly translate into more customers, just more trades. You can do some statistics to come to a closer approximation of "new money".

1)

The Firm: As per USD is: Mutum Sigillum LLC  http://www.mutumsigillum.com/

Registered in DE with the Secretary of State. And its Registered Agent is: CORPOMAX INC http://www.corpomax.com/edelaware.html

Used to preserve anonymity. However, since Dwolla is being used openly(not in Delaware), anonymity has been lost. One dispute will expose the registered Bank Account and Owner. Corpomax is european(French) in nature not Asian. The law firm focuses on Trade Mark and Patent Law.

The first lawsuit, will unravel much of the anonymity. And there will be lawsuits, especially with the money involved. One disgruntled trader that looses his money will start it. Forensic Accounting Review. MTGOX is also a .com which falls under ICE's Our Sites Operation.

2&3)

MTGOX will not have to give this information, it is a statistical calculation that will fall within a predictable percentage of error. The numbers can't be hidden. Site statistics, volume, etc..., etc...

http://www.alexa.com/siteinfo/mtgox.com#


4)

They should, at least from the main exchange. They should and can exist, outside of the main exchange. Like certain ECN transactions do between big businesses.

As far as how I figured out the DarkBids, well I will keep that secrete for now.

I want MTGOX to succede, but I want him to succeed in the Open, not the shadows.

PS. HINT: Site data can predict the future. The PRICE of BTC. hehe. Especially if site data is live, and covers specific addresses.

So lets see how a professional might try and analyze the market:

Primary Age group: 25-34  Secondary: 18-24  What are habits and spending capacities of these age groups with the following data:

Primary Education: Graduate School.. Hmm... Not looking good for the masses with a 1:4 ratio on graduate school.

Primary Gender: Male .... eliminates >50% of possible users.

Has Children: No... another curious fact. How can we use it.

Browsing Location: Home...  Time and Frequency of trades can be predicted with time zoned data per unique page views by location.

And this is just public information. Specialty services will provide yet another advantage.

Now, we can add in the Mining DATA, Client DATA, Percentage of BTC in Circulation, etc...

Now the real question: Why would someone bother researching all this information? Because the PRICE is HIGH and there is a lot of money to be made. And that money will be taken from newbies that want to try out the system and be discouraged because they will loose all their money

Nanotube,

  I don't see what is going to happen in the future, I look to what has happened in the past. Currently, BTC is priced to high, IMO. We currently can not look at it as a currency but a commodity. A commodity with out price regulation of derivatives. It is the Corn of the 70's, the Gold of the 49's, etc..., etc...  

 I see the argument of the Price is the Price, and agree, if one is willing to pay $7 it is worth $7. But look on volume as to the price, so many take the trade of 1 BTC at $7 as meaning all 6 Million BTC are worth $7. Now, you know this is a fallacy. Lets just try to lesson the hurt, when it comes.

Hmm...

Doesn't mean it can't be done. For example, if Christ has this thread bookmarked, he tell you his biggest regret was going after PokerStars and FullTilt poker. Seriously doubt, he will be back to make that mistake again. He didn't realize how many people he pissed off. Was it illegal, yea. But to many people (voters), were doing it. Many things that are 'illegal' become legal with general public acceptance and use. Politicians have to tread a fine line. If the big business' try to keep the Exchange out buy bribing lobbying them but the people (voters) want it, the politicians will follow the people or get replaced.

An exchange will make BTC mainstream, if BTC is mainstream, it is already to powerful. The time for the Government to shut it down is now. But they are almost always slow and to late to the party. As far as laws are concerned the digital currency will be in courts for a long time because we don't PRINT money, we don't MINT coins. We are in a loop hole. Lawyers will battle it out for years, so get the Exchanges going, once the masses accept BTC, the battle is already won, irregardless of what the lawyers come to as their conclusion.

Oh, so you do think BTC is like a Stock or more appropriately a Commodity. But using your analysis of Berkshire Hathaway, how many people own shares? Is it the Masses or is it a sub-group? Can you buy 1 share of Berkshire Hathaway? So, if you can't buy 1 share of Berkshire, what other stock will you buy? However, BTC isn't a stock. Its intent is to be used as a currency. So what you end up with is a price that no one can afford, so no one will use.

Nanotube,

  You make a good point about providing solutions. I can't control the masses (thats a good thing), but there were people during the dust bowl telling 'farmers' to take it easy and be respective of the land. But they ignored them, and continued to 'farm' away with out consideration. Then finally the 'Dust Bowl' stopped them.

  What I am saying is that the problem will resolve itself, but it needn't be so harmful to the community with a little forethought.

This might be a surprise, but many do not follow MagicalTux, the IRC, or even this Forum. They goto his website, and the Lack of information puts a pause in their intent to trade or get involved. It feels, not quite right. With the lack of contact information, phone numbers, business information, dispute resolution, etc... They will not get involved with the community.

Now, if the intent is to keep it in a sub-group of a small amount of technical and semi-criminal types, then keep it as is. But if the intent is to have BTC used by your neighbors at the grocery store, gas station, etc... It needs to change. So, my solution, I can not enact because it requires an attitude change on many.

Not quite, there will be about 21 Million but that is 1.00 BTC's. The base unit of BTC is 0.00000001. So comparatively, there are 21 Quadrillion base units.  Like a $1 is just a 100 pennies, or $10 a 1000 pennies, $100 is 10,000 pennies.

You must look at it from its base unit.

If there was for lack of better words a "stock split" or move the decimal place one place to the right to reduce the price to new comers, I would feel better. But that would reward early adopters by increasing their holding by a factor of 10. However, with the exchange, it might not be that big of an increase.

Your Cartel scenario might not be far off. Right now there is basically ONE. But lets look a little south and see what happens when multiple Cartel's deal in the same product, they will tear each other apart at the cost of the community. This is happening with miners, it will start to happen with Exchange's as soon as there isn't a basic monopoly. However, collusion usually comes into play at first but then degrades into straight up competition as users move away.

To be frank, currently the competition is for the USD BTC. Without the USD volume, BTC is not worth much. Much like drugs, hmm...

Rather than argue the merits, and since we all like Open Source and Freedom of Information. I will endeavor to post information that Inquiring Minds want to know, to more appropriately add to information. I will list first, the information, and then ask whether this information should be made public, then I might post.

1. Will the Real Slim Shady Please Stand Up?  Identity of MagicalTux and location.
2. LLC information for MTGOX dealing with Bank Accounts in the U.S.
3. How many Accounts are on MTGOX?
4. Volume of New Money on MTGOX after subtracting volume from old accounts. Rate of growth.
5. The DarkPool price Points added to depth charts. Want to know where the DarkBids are? Hmm...
6. Any other questions you might want answered?

Nanotube,

  I would never dump 100K BTC onto the market to depress the price, I would slowly trickle it in between the bids and asks to reap the greatest reward.  

So place your bids.

Just because I think the price is overall bad for BTC, doesn't mean I don't take advantage of it.

eMansipater,

  We should probably go a little deeper into BTC for new people, other than tell them your #2 BTC is just like Cash, BTC is just like Cash, BTC is just like Cash, BTC is just like Cash, BTC is just like Cash.

Because once they have BTC, they find out, wait, BTC isn't just like Cash. Can't pay my rent with it, can pay the Power bill with it. And, it isn't as secretive as Cash. BTC records all transactions, Cash doesn't. My Wallet.Dat('s) has a history of my transactions, My IRL wallet, doesn't.

Interesting perspective and rational. Game Theory works good in groups, until you apply the Prisoner's Dilemma. Once a better deal is offered to a specific group or individual, Game Theory goes out the window with the birds. People will work in "their own" best interests and destroy the whole when it is beneficial to them, even though it is detrimental to the group. The big test in value will be the next best competing Exchange Market.

Oh Contraire, not bitter, nor hateful, but fearful. Fearful of a rapid and successive decline that could destroy any and all credibility. I don't subscribe to the Labor Theory, although Labor is a factor in cost, it most certainly isn't the driving factor. A simple example is all it takes to show a fallacy in the Labor Theory. It might cost you $1 Million Dollars to produce an Apple, so the people will eat Oranges instead.

One must be realistic when looking at BTC, does the value = $7 ? Should it?  I am not doubting that a BTC could equal $7, it just shouldn't be there now, for the greater good of BTC. However, if the groups keep sub-dividing into their smaller groups, then let the best man win. At the cost of the whole.

To be profitable, which is becoming increasingly harder with increased competition, you will need a serious mining Rig, 1 or more, and an emphasis on more, GPU. The CPU is not that much of a concern, just the GPU's.  If you are doing it for a hobby and money isn't a concern, than you may break even or make a little. If you are doing it as a business, the competition is hard. Your best bet would be to join a Pool and share rewards - a fee of course. There are several out there. Deepbit is the largest known pool.

But if all you want is BTC, then the previous post is correct. The best thing is to buy them or sell something for them.


revision: Or steal them

Charlie here is what you should expect:

The expected generation output, at 700 Khps, given current difficulty of 244139.48158254 , is 0.00288392463949 BTC per day and 0.000120163526645 BTC per hour.

Of course this doesn't take into effect the randomness of who will get it.

Turn off your client's Generate Option. You are spending more than you are making. However it is there for a good reason, if difficulty falls to an affordable rate, then you can turn it on. But don't expect that anytime soon

Absolutely correct, He is a Private "Enterprise", he is using an LLC to exchange funds from currencies. He is now subject to "Laws of the Land", congratulate him on his success. However, he is now a business, not some guy conducting a service for a fee in relative anonymity. Regulations will be imposed on him, if not buy the Law then by "others".  Do you honestly believe people will put 50K or more into this service without "some" knowledge. Does everyone have the same knowledge?  No, the time is approaching where we will see the true intentions. Either full open public disclosure, or cut and run. The cut and run would cause irreparable harm to BTC, so lets look for the prospectus sort of speak.

The light bulb is burning bright. Maybe, a little to bright.

   There have been many analysis on the current price by people in the industry and why it shouldn't be there. There is a complex and incalculable effect as to the current price. Sure, fundamentals apply as they should but they do not include the "human factor." One key to the imminent fall in the BTC values is as price goes up overall volume goes down. What is happening is that BTC is breaking away from the mainstream and being supported by a sub-group. This sub-group will eventually be replaced by yet another sub-group, and on and on until only a relative small group of people use it.


   Not wanting to see the BTC reduced to history, we need to bring prices down to where people will want to take a chance. No realistic person is going to rely on data from one exchange (MTGOX). Whom, by the way, should be congratulated as one of the first winners in the BTC community, even though generally very little is known about him. Almost mystic in nature. Another problem for most.

  As volume decreases expect greater swings in price. There is over 6 Million BTC and around less than 1% of that is traded and setting the price for the vast majority.

  But irrespective of that, ask some basic questions. Are enough people currently using BTC? If a new person wants to get into BTC, is it easy to acquire and exchange to the BTC? Is the cost of doing so on par with their own currency or out of balance? Once converted, are their converted funds relatively stable until they use the BTC?