oh yes, nice dump in the last 5 min of the $DJI.
next week should get real interesting. DXD looking good.
next week should get real interesting. DXD looking good.
Gold collapsing. Bitcoin UP.
- Thread starter cypherdoc
- Start date
molecular
Active Member
- Aug 31, 2015
- 372
- 1,391
a comment linked from the reddit discussion about the vorhees article led me to this excellent post by pizzaface18:
not sure if he coined the term, but I heard it there first and I like it: "settlement-free asset".
Also: "this is the motherfucker."
not sure if he coined the term, but I heard it there first and I like it: "settlement-free asset".
Also: "this is the motherfucker."
- Aug 22, 2015
- 1,558
- 4,693
@molecular
Great point, only BTC which are native to the blockchain protocol are truly a settlement-free asset.
Great point, only BTC which are native to the blockchain protocol are truly a settlement-free asset.
http://www.nber.org/papers/w15223.pdfa comment linked from the reddit discussion about the vorhees article led me to this excellent post by pizzaface18:
not sure if he coined the term, but I heard it there first and I like it: "settlement-free asset".
Also: "this is the motherfucker."
great post from /u/pecuniology:
https://www.reddit.com/r/bitcoinxt/comments/3qyx7k/blocksizegate_as_regulatory_capture/
https://www.reddit.com/r/bitcoinxt/comments/3qyx7k/blocksizegate_as_regulatory_capture/
As price expands more hashing power comes online from a diversity of sources. And so it will be if we get more TX's per second.
IDK about Cypherdoc's ideas around mining centralization. However, right now I believe that it is driven by reliable access to premium hardware. As some early ASIC mfgs proved, if you can get your hands on these ASICs you might as well mine with them rather then sell them. However, AFAIK the mining ASIC industry is basically at the state-of-the-art with this release so subsequent generations will track the 2-3 year at best ASIC process improvement cycle.
Without the centralization force of unreliable access to hardware, I think that large mining farms will start to find it difficult to compete against incidental miners (like hobbyists) because these miners will more efficiently use byproducts (heat), will not be expensing their time or internet (or even better deducting it on their taxes as a home business expense), and do not need to pay for location, monitoring and security. This means that dedicated solutions will only be competitive based on electricity cost.
However, where I live you can sell solar back into the grid for 4c per kwatt*hour, and I have very expensive energy on the buying side. The spread is pretty huge right now. So mining can be used to consume excess solar energy at a very low energy cost.
Without the centralization force of unreliable access to hardware, I think that large mining farms will start to find it difficult to compete against incidental miners (like hobbyists) because these miners will more efficiently use byproducts (heat), will not be expensing their time or internet (or even better deducting it on their taxes as a home business expense), and do not need to pay for location, monitoring and security. This means that dedicated solutions will only be competitive based on electricity cost.
However, where I live you can sell solar back into the grid for 4c per kwatt*hour, and I have very expensive energy on the buying side. The spread is pretty huge right now. So mining can be used to consume excess solar energy at a very low energy cost.
Last edited:
Ok updated BU Articles of Federation document.
Bitcoin Unlimited - Ideas, arguments, and proposals
Please start checking and posting over there, I don't want to be spamming GCBU anymore. Thx!
Bitcoin Unlimited - Ideas, arguments, and proposals
Please start checking and posting over there, I don't want to be spamming GCBU anymore. Thx!
Bagatell
Active Member
- Aug 28, 2015
- 728
- 1,191
Other analysts are calling it a "horror divergence"
https://bitcointalk.org/index.php?topic=274613.msg12859196#msg12859196
https://bitcointalk.org/index.php?topic=274613.msg12859196#msg12859196
IMHO, another priceless quote:
edit: fix format
(emph is mine)Johnny Dilley https://blockstream.com/2015/11/02/liquid-recap-and-faq/ said:
edit: fix format
Last edited:
Great comment by Rip Rowan on Mike's recent post:
https://medium.com/@riprowan/the-entire-debate-transcends-block-sizes-and-gets-to-the-fundamental-principles-of-bitcoin-as-c7f7bc1a493#.qj0wwps11
https://medium.com/@riprowan/the-entire-debate-transcends-block-sizes-and-gets-to-the-fundamental-principles-of-bitcoin-as-c7f7bc1a493#.qj0wwps11
boom! on Huobi makes me wonder what its going to be like at 9am china
EDIT: we're going vertical. When do the shorts close?
EDIT: we're going vertical. When do the shorts close?
Last edited:
Yawn.
Wake me up when we hit gold, please.
Wake me up when we hit gold, please.
