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hautness
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Posted - 2011.09.01 22:50:00 -
[1]
Hi CCP,
Please can we have a ISK for bitcoin exchange in Eve. Bitcoin is a virtual currency that will eventually take over the world(maybe)and it would be great to be able to trade ISK/Plex for Bitcoin and vice versa. Second life can currently trade with Bitcoin and or normal currency so why not Eve. We can already spend real money on PLEX so I dont see a reason this would not be a good thing. Also anyone that wants to mine bitcoin can do so with their idle gpu when not gaming(its got to be better that boting/afk mining).
Ty
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Information Agent
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Posted - 2011.09.01 22:55:00 -
[2]
heh
heheahahaahaha, hahahahahhahahahahahahaha mwahahahahaha hahahahahhahahaha ha ha ha ha hahahahahahahahaha.
Seriously? Bitcoin? If it wasn't a massive scam it would still be a daft idea. Wait, CCP dont do it, its daft I know but dont do it, nooooooooooooo.
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hautness
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Posted - 2011.09.01 23:03:00 -
[3]
 Originally by: Information Agent
heh
heheahahaahaha, hahahahahhahahahahahahaha mwahahahahaha hahahahahhahahaha ha ha ha ha hahahahahahahahaha.
Seriously? Bitcoin? If it wasn't a massive scam it would still be a daft idea. Wait, CCP dont do it, its daft I know but dont do it, nooooooooooooo.
Please elaborate on your claims how is it a scam and how is it a bad idea? Or are you just another troll?
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Information Agent
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Posted - 2011.09.01 23:06:00 -
[4]
Originally by: hautness
Originally by: Information Agent
heh
heheahahaahaha, hahahahahhahahahahahahaha mwahahahahaha hahahahahhahahaha ha ha ha ha hahahahahahahahaha.
Seriously? Bitcoin? If it wasn't a massive scam it would still be a daft idea. Wait, CCP dont do it, its daft I know but dont do it, nooooooooooooo.
Please elaborate on your claims how is it a scam and how is it a bad idea? Or are you just another troll?
Go do some research into bitcoins uses and its actual usefulness, theres good reasons why its not gaining much traction anywhere. 
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hautness
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Posted - 2011.09.01 23:15:00 -
[5]
Bitcoin is a tradeabe currency like all the others. It can already be used to buy real life goods. As with any currency its value is dependent on supply and demand. How would being able to trade it for plex be a bad idea?
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Akita T
Caldari Navy Volunteer Task Force
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Posted - 2011.09.01 23:18:00 -
[6]
Edited by: Akita T on 01/09/2011 23:21:31
Bitcoin OOPE thread : http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1510385
Originally by: hautness
Bitcoin is a tradeabe currency like all the others. It can already be used to buy real life goods. As with any currency its value is dependent on supply and demand. How would being able to trade it for plex be a bad idea?
The same way it would be a bad idea to allow exchanging any other RL currency for a PLEX both ways - namely, the ability to (indirectly) SELL ISK FOR CASH.
P.S. You can already trade bitcoins for PLEX one way (Bitcoins->GTC->2xPLEX) by buying GTCs from sites that accept bitcoins as payment method (there's at least one, somebody linked it a while back).
_
Akita T USEFUL EVE LINKS collection |
Mark Hampton
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Posted - 2011.09.01 23:22:00 -
[7]
There are online stores selling GTC for Bitcoins. I've bought some. I'm sure the owners are making a nice profit by charging slightly higher than the going rate in bitcoins when doing a bitcoin-to-dollar conversion.
WoW time, Wii points, etc. are also available.
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Information Agent
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Posted - 2011.09.01 23:23:00 -
[8]
Originally by: Akita T
The same way it would be a bad idea to allow exchanging any other RL currency for a PLEX both ways - namely, the ability to (indirectly) SELL ISK FOR CASH.
This, and the fact that is isn't a currency, its actually nothing, has no real value other than what various people 'say' its worth and can be manipulated easily in its perceived value by hearsay and forum threads. Not to mention that its the prefered money laundering system of many dubious people.
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Ghoest
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Posted - 2011.09.01 23:25:00 -
[9]
This topic has been discussed much before. The OP didnt even suggest anything original.
Wherever you went - Here you are.
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Jenk Makkanahr
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Posted - 2011.09.01 23:28:00 -
[10]
Some readable:
bitcoin plunge jun 18
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hautness
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Posted - 2011.09.01 23:32:00 -
[11]
Originally by: Information Agent
Originally by: Akita T
The same way it would be a bad idea to allow exchanging any other RL currency for a PLEX both ways - namely, the ability to (indirectly) SELL ISK FOR CASH.
This, and the fact that is isn't a currency, its actually nothing, has no real value other than what various people 'say' its worth and can be manipulated easily in its perceived value by hearsay and forum threads. Not to mention that its the prefered money laundering system of many dubious people.
I didnt know you could but plex with BTC already :)
You point about it having no real value is true and the same as all other currencys(paper,metal etc). I just like the fact its not run by corrupt governments that just print more money when they need it!
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Akita T
Caldari Navy Volunteer Task Force
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Posted - 2011.09.01 23:36:00 -
[12]
Originally by: hautness
I didnt know you could but plex with BTC already :)
http://bitcoincodes.com/index.php?unit=store
Not PLEX. GTCs. Which you can then convert to PLEX.
_
Akita T USEFUL EVE LINKS collection |
Denidil
Gallente
Rape Pillage and Burn
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Posted - 2011.09.01 23:36:00 -
[13]
sorry, CCP isn't going to help you launder your profits from The Silk Road.
CCP - What are you going to do to make a Commitment To Quality in your patches going forward? |
Information Agent
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Posted - 2011.09.01 23:39:00 -
[14]
Originally by: hautness
I didnt know you could but plex with BTC already :)
I didn't know this tbh.
Originally by: hautness
You point about it having no real value is true and the same as all other currencys(paper,metal etc). I just like the fact its not run by corrupt governments that just print more money when they need it!
Its most likely run by mob barons/bosses/criminal elements even if the inventor is legit so same thing really, bad guys don't miss a trick when it comes to making under the counter money. Looks like a lot of people got robbed by bitcoin anyway so in all honesty it was probably engineered to make a few people a lot of real money at the publics expense. 
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AlleyKat
Gallente
The Unwanted.
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Posted - 2011.09.01 23:45:00 -
[15]
Originally by: hautness
Bitcoin is a tradeabe currency like all the others. It can already be used to buy real life goods. As with any currency its value is dependent on supply and demand. How would being able to trade it for plex be a bad idea?
It's not legal tender.
If you owe money to someone, they cannot refuse payment if you are using legal tender.
The day you can pay a speeding ticket in bitcoins is when it becomes 'real'.
It's like calling yourself a deity - it only means something if you can burn bushes down using deity RL hacks.
It's like saying you own a Ferrari - it only means something when you pull away from the lights in a flash of red.
It's like saying you are Chuck Norris - it only means something when you roundhouse-kick 100 ninjas, and live.
It's like creating a trilogy - it only means something if the plot follows a logical path where the characters grow naturally and deepen their relationships, which in turn interweave seamlessly in a meaningful conclusion, without using a deus ex machina to solve all of the immense plot holes the writer decided to ignore, because their ego became larger than the story...
AK |
Akita T
Caldari Navy Volunteer Task Force
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Posted - 2011.09.01 23:47:00 -
[16]
Originally by: Information Agent
Its most likely run by mob barons/bosses/criminal elements even if the inventor is legit so same thing really, bad guys don't miss a trick when it comes to making under the counter money. Looks like a lot of people got robbed by bitcoin anyway so in all honesty it was probably engineered to make a few people a lot of real money at the publics expense.
It's run by nobody and everybody at the same time, and anybody can use it the same way as long as they have an internet-connected computer.
Also, people weren't "robbed by bitcoin".
People that used less than secure escrow wallet services within some of the popular exchanges got their EXCHANGE accounts compromised, and BITCOINS stolen from those escrow wallets. It's like saying the US government robbed you if you had your USD in a bank security box and somebody infiltrated the bank, opened your security box and took the cash out of it.
Also, some people lost their locally stored bitcoin wallet info to malware and spyware or other regular attacks.
Bitcoins are far more similar to actual paper money than people would like to think about - if you willingly and freely give it to somebody else (like people did with their online exchange site wallets) it's gone UNLESS THEY WILLINGLY GIVE IT BACK (if they still have it), it can be stolen (if you don't secure it), it can be lost, and it can even be destroyed.
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Akita T USEFUL EVE LINKS collection |
Guillame Herschel
Gallente
NME1
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Posted - 2011.09.01 23:47:00 -
[17]
Originally by: Information Agent
This, and the fact that is isn't a currency, its actually nothing, has no real value other than what various people 'say' its worth and can be manipulated easily in its perceived value by hearsay and forum threads. Not to mention that its the prefered money laundering system of many dubious people.
That is true of every sovereign fiat currency in the world.
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Denidil
Gallente
Rape Pillage and Burn
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Posted - 2011.09.02 00:02:00 -
[18]
Originally by: Guillame Herschel
Originally by: Information Agent
This, and the fact that is isn't a currency, its actually nothing, has no real value other than what various people 'say' its worth and can be manipulated easily in its perceived value by hearsay and forum threads. Not to mention that its the prefered money laundering system of many dubious people.
That is true of every sovereign fiat currency in the world.
technically it is also true of every commodity based currency as well (like gold)
there is no such thing as a currency that cannot be manipulated and that isn't valued based on supply and demand.
CCP - What are you going to do to make a Commitment To Quality in your patches going forward? |
Felix Decat
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Posted - 2011.09.02 03:06:00 -
[19]
Bitcoins. . . 
Cool social and economic experiment does not a currency make.
As was already mentioned, if its not legal tender, if its not backed by a commodity or something else holding intrinsic value, its not a currency. I would go so far as to say that it hold less intrinsic value then the ISK/Plex the OP is trying to trade it for. At least ISK is an accepted form of virtual currency.
Bitcoin bashing out of the way, if you can find a place to trade BTC's for PLEX's, be my guest and more power to you. If were even still talking about BTC's a year from now, i'll be shocked.
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Khalia Nestune
Mad Stacks
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Posted - 2011.09.02 03:13:00 -
[20]
I wrote a blog post about this some time back: http://www.mylootyourtears.com/?p=1320
I LOL'd a bit at the currency 'experts' here; but any currency comes down to trust in what other people think it's worth. US Dollars have no built-in value. They're only 'worth' something because other people will take them for money, and because they're backed by 'The full faith and credit' of the US Government.
You used to be able to turn in US Dollars (or Silver and Gold certificates as they were known) for actual silver and gold, but that era is long gone; your paper money is only worth something because Uncle Sam says it is!
Bitcoins are valuable to other people for two primary reasons: They're semi-anonymous, and they're easily exchangeable. Two users can exchange bit coins with only identifying numbers - like 'numbered' bank accounts - with no connection to their real name. This makes them popular with people who don't want lawyers or the government to know what they're doing with their money.
Good for tax evasion or buying illegal goods? Sure. Good for donating to groups that your government doesn't like? Sure. Like, say, pro-democracy groups in China. Remember that "your government" is not a good thing, for a lot of people on this planet.
The other bonus for those of us with computers is that the bitcoin system is designed around hard-solve, easy-verify cryptography; much like the encryption used in SSL for securing your web and email transactions. Why is that good? Because someone has to do the hard computing work to generation to work that shows bitcoins weren't created out of thin air by someone, or 'spent' twice. Your home computer can do this. In return, you get a (small) amount of bitcoins yourself. This serves to create the actual medium of currency and encourage participation.
Will it exist long term? I don't know. Can I have my idle make some bitcoins for me and get some PLEX? Yes. Good enough for me.
Note: Price for stuff will very wildly based on the current BTC-to-dollar exchange rate. Last month I bought a GTC for 2.88 BTC. Right now it's 4.10 BTC. On the other hand, I could cash out my bitcoins for more real dollars now than last month.
Hope this helps.
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Terminal Insanity
Minmatar
Convex Enterprises
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Posted - 2011.09.02 03:15:00 -
[21]
Here, i'll sell you a bunch of 1's and 0's that your computer can bust its ass on for hours on end, if you agree to pretend it has value. BTW no you cant have my real name.
Doesn't sound like a scam to me.
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supersexysucker
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Posted - 2011.09.02 03:17:00 -
[22]
Originally by: AllyKat
It's not legal tender.
If you owe money to someone, they cannot refuse payment if you are using legal tender.
The day you can pay a speeding ticket in bitcoins is when it becomes 'real'.
It's like calling yourself a deity - it only means something if you can burn bushes down using deity RL hacks.
It's like saying you own a Ferrari - it only means something when you pull away from the lights in a flash of red.
AK
Go to dunkin doughnutsą pay with a $100 billą they wonĘt take itą does that mean it is not legal tender? Try a 50ą how many places do not even accept thatą again must not be legal tender right?
So, say you get a speeding ticket in the USAą and want to pay in eurosą it wonĘt be acceptedą does that mean euros are not ōrealö.
Paper money is backed by nothingą itĘs paperą roflą the difference between a BTC and a USDą you can only get X BTC and no more. Where USDĘs just get printed off whenever we feel like it.
Could you fail anymore, you just said no money is real rofl.
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Khalia Nestune
Mad Stacks
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Posted - 2011.09.02 03:19:00 -
[23]
Originally by: Felix Decat
Bitcoin bashing out of the way, if you can find a place to trade BTC's for PLEX's, be my guest and more power to you. If were even still talking about BTC's a year from now, i'll be shocked.
You might want to check your history. Bitcoins have been around since 2008. I'm not 100% sure they'll be around next year either, but they've lasted longer than many other 'virtual' currencies.
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Felix Decat
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Posted - 2011.09.02 04:21:00 -
[24]
Originally by: supersexysucker
STUFF
The issue of legal tender and merchants refusing to take a sack full of pennies has been covered a million times already.
All that the phrase means is that if you offer US money in order to pay off a debt, the lender has to either accept it or lose their ability to claim that you haven't tried to pay off the debt. Businesses and individuals can still refuse to accept high bills or huge sacks of pennies for sales.
Next: Euros are not legal tender in the United States... the end.
Paper money is almost always backed by something, In this case, US dollars are backed by the US government.
And no, in fact the whole idea behind BTC's is that they can be conjured out of thin air by anyone with an internet connection and a PC. (Albeit at such a slow pace now that you spend more money in electricity then you will ever get in BTC's)
If that very simple fact held true for the US dollar, the dollar would collapse within a day.
The US government can print legitimate money, you cant... that is what makes all the difference in the world.
And before you get off on the gold tangent... let me ask you this. Why is gold valuable?
-Rarity?
Think again, if that's all it took, I have a few one of a kind paintings here my 4yr old daughter drew I would like to sell you. One is of a spider with 7 legs... that will be $17,000 please.
There are several factors that go into creating a viable currency. Trust, Control and Supply. And when it comes to BTC's, they are sketchy on all counts.
A cool social/economic experiment does not a currency make.
I have been paying attention to BTC's for quite a while now. I was initially very intrigued, and I still am from a solely academic perspective but I am unconvinced that BTC's will ever evolve as a legitimate form of exchange.
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M5 Tuttle
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Posted - 2011.09.02 05:03:00 -
[25]
Edited by: M5 Tuttle on 02/09/2011 05:04:10
If bitcoin fails it will be because illegal activity associated with its use causes legislation for restricting it. Those of us who understand the science of the cryptography know that from a "hackability/counterfitability" perspective it is completely sound. If you disagree with this then i suggest you do some reading. If you think that the fact that someone's exchange account at a bitcoin trading site got hacked is in any way evidence to the contrary then im sorry but youre dumb.
I am also tentative about investing in it, but only because imworried about the government somehow shutting it down.
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Felix Decat
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Posted - 2011.09.02 05:14:00 -
[26]
Originally by: M5 Tuttle
Edited by: M5 Tuttle on 02/09/2011 05:04:10
If bitcoin fails it will be because illegal activity associated with its use causes legislation for restricting it. Those of us who understand the science of the cryptography know that from a "hackability/counterfitability" perspective it is completely sound. If you disagree with this then i suggest you do some reading. If you think that the fact that someone's exchange account at a bitcoin trading site got hacked is in any way evidence to the contrary then im sorry but youre dumb.
I am also tentative about investing in it, but only because imworried about the government somehow shutting it down.
Right. . . If bitcoin fails it will be because the handful of people sitting on hundreds of thousands of dollars in bitcoins decide to dump. That or when people realize that there isnt anything to do with bitcoins aside from selling them to other bitcoin users.
I doubt that the government will do anything about regulating bitcoins. At this point they account for about 0.0000003% of the GDP. The only people that seem to care about bitcoins are bitcoins users. And the ones I run across only ever seem to be concerned with 2 things, promotion of bitcoins and the bitcoin exchange rates. (Which have been tanking for months, in the last year they have lost what, 65% of their value?)
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Adrie Atticus
Mining and Industrial Services
The Irukandji
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Posted - 2011.09.02 05:17:00 -
[27]
Replying in a ponzi-thread.
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M5 Tuttle
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Posted - 2011.09.02 05:23:00 -
[28]
Originally by: Felix Decat
That or when people realize that there isnt anything to do with bitcoins aside from selling them to other bitcoin users.
Yes sort of like how the only people who care about dollars are those who trade them with other dollar users. It's crazy I know.
Listen, no one is trying to convince you to buy bitcoins. You have a problem with the idea of trading ISK/PLEX for Bitcoins because it contradicts your other point, that "no one buys anything with bitcoins." You do realize this right?
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Felix Decat
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Posted - 2011.09.02 05:47:00 -
[29]
Originally by: M5 Tuttle
Originally by: Felix Decat
That or when people realize that there isnt anything to do with bitcoins aside from selling them to other bitcoin users.
Yes sort of like how the only people who care about dollars are those who trade them with other dollar users. It's crazy I know.
Listen, no one is trying to convince you to buy bitcoins. You have a problem with the idea of trading ISK/PLEX for Bitcoins because it contradicts your other point, that "no one buys anything with bitcoins." You do realize this right?
No. . . not the same thing. I heard a NPR story about bitcoins just the other day about a lovely little sandwich shop in Chicago that was now accepting bitcoins. Like someone else said already, when I can pay my speeding ticket in bitcoins I will bow down to you and seriously question my higher order thinking skills.
And if you are keeping track of my literal statements, in my very first response I said "if the OP can find a place that accepts bitcoins for ISK/Plex, more power to him" Trading one fictitious currency for another is a pretty square deal in my book. But this conversation has since moved on.
Your claim, like that of most every other bitcoin enthusiast is that this is a new thing, a currency that is impervious to any and all manipulation, the next best thing to the gold standard (or at least better then fiat) and is fundamentally sound.
My claim is that any currency that is founded on the idea of randomly "poofing" money into existence on a completely anonymous basis is not the best idea for a monetary system.
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M5 Tuttle
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Posted - 2011.09.02 05:57:00 -
[30]
Originally by: Felix Decat
Your claim, like that of most every other bitcoin enthusiast is that this is a new thing, a currency that is impervious to any and all manipulation, the next best thing to the gold standard (or at least better then fiat) and is fundamentally sound.
I didn't say that and I'm pretty sure no one has. Surely no currency is immune to manipulation in some form or another. I said that it isn't hackable / counterfitable.
Originally by: Felix Decat
My claim is that any currency that is founded on the idea of randomly "poofing" money into existence on a completely anonymous basis is not the best idea for a monetary system.
The fact that this is how you think it works is enough for me to disregard everything else you are saying.
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Felix Decat
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Posted - 2011.09.02 06:11:00 -
[31]
Originally by: M5 Tuttle
Originally by: Felix Decat
My claim is that any currency that is founded on the idea of randomly "poofing" money into existence on a completely anonymous basis is not the best idea for a monetary system.
The fact that this is how you think it works is enough for me to disregard everything else you are saying.
Okay... let me try again...
BTC's are created by computers working to solve a mathematical equation and..... well thats it.
1.Turn On Computer
2.Launch Bitcoin software
3.Wait
4.?????
5.Profit!!!!
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M5 Tuttle
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Posted - 2011.09.02 06:36:00 -
[32]
Originally by: Felix Decat
Originally by: M5 Tuttle
Originally by: Felix Decat
My claim is that any currency that is founded on the idea of randomly "poofing" money into existence on a completely anonymous basis is not the best idea for a monetary system.
The fact that this is how you think it works is enough for me to disregard everything else you are saying.
Okay... let me try again...
BTC's are created by computers working to solve a mathematical equation and..... well thats it.
1.Turn On Computer
2.Launch Bitcoin software
3.Wait
4.?????
5.Profit!!!!
The step that you are skipping, step 4, is the most important step. If someone asked you how a car works, you would tell them "you put your key in it and then ????? and then it moves!"
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Mark Hampton
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Posted - 2011.09.02 07:10:00 -
[33]
Apparently someone missed the part where dollars are created by a press printing them. And you think this is different from a computer somehow? All 'money' is created out of nothing.
If you think dollars are different from bit coins - at least as far as creation goes - try to go to the US Govt and redeem your paper for something physical. Good luck with that.
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RaTTuS
BIG
Gentlemen's Agreement
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Posted - 2011.09.02 08:28:00 -
[34]
Originally by: Felix Decat
1.Turn On Computer
2.Launch Bitcoin software
3.Wait
4.?????
5.Profit!!!!
it costs you money to run the software, in both electricity and broken hardware
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Nomad Vherokic
Minmatar
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Posted - 2011.09.02 08:40:00 -
[35]
Originally by: Terminal Insanity
Here, i'll sell you a bunch of 1's and 0's that your computer can bust its ass on for hours on end, if you agree to pretend it has value. BTW no you cant have my real name.
Doesn't sound like a scam to me.
Says the guy with a monocle...
--
Why do people sign their name at the bottom of a post? We know who you are already... |
TamiyaCowboy
Caldari
KRAKEN FLEET
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Posted - 2011.09.02 09:19:00 -
[36]
Edited by: TamiyaCowboy on 02/09/2011 09:27:27
OP says mine bitcoins with your GPU. he does not tell you how long it takes to gain just one coin.
it all comes down to how many gpu's you run, they need to be overclocked and also require extra cooling. and some card modding
Nvidia 9600GT gives you a 16Mhash, this single gpu would take around 2 days to earn one bit coin.
go check youtube and see what miners are running. quad gpu's or large server banks, and always using ATI cards as these have been proven to give more Mhash
oh a intel quad core Q6600 will take 7 days to mine one coin. thats running 24/7 at 100% load
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Lindsay Logan
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Posted - 2011.09.02 10:34:00 -
[37]
Originally by: TamiyaCowboy
Edited by: TamiyaCowboy on 02/09/2011 09:27:27
OP says mine bitcoins with your GPU. he does not tell you how long it takes to gain just one coin.
it all comes down to how many gpu's you run, they need to be overclocked and also require extra cooling. and some card modding
Nvidia 9600GT gives you a 16Mhash, this single gpu would take around 2 days to earn one bit coin.
go check youtube and see what miners are running. quad gpu's or large server banks, and always using ATI cards as these have been proven to give more Mhash
oh a intel quad core Q6600 will take 7 days to mine one coin. thats running 24/7 at 100% load
So I guess the ones that started bit coin was just "lucky" they could mine thousands of bitcoins early on, and then now be rich in internett currency when more and more gullible folks look into it?
Bit coin is a waste. Better to work for something of real value then internet bytes.
Or better yet, make your own bitcoin mk II and laugh at the first bitcoin. It gonna happen sooner or later. |
AlleyKat
Gallente
The Unwanted.
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Posted - 2011.09.02 16:35:00 -
[38]
Originally by: supersexysucker
Go to dunkin doughnutsą pay with a $100 billą they wonĘt take itą does that mean it is not legal tender? Try a 50ą how many places do not even accept thatą again must not be legal tender right?
Ah! but you are forgetting the grey area that I avoided and you stumbled over: invitation to offer.
If you went to a resturant, ordered food, ate it, then offered a $100 bill they cannot refuse payment. At that specific moment you owe them money, which has been agreed by reading the menu that has prices on it. During the first few mouthfuls, a waiter/waitress will enquire whether the meal 'is to your satisfaction', in other words, whether it has been accepted by you. If you reply 'yes' then you have accepted you will pay for the food and you are at the point of no return.
If you walk into Dunkin' Doughnuts, you need to pay prior to receiving the goods, you do not at that point actually owe them money and they do not owe you food - because they are inviting you to make an offer based on the advertised price.
If you make a lower offer, or make them an offer of payment in another form (like gold nuggets) they can refuse.
It's called different things in different countries, and I only used examples of payment of debt (money you owe) and that is the definition of 'legal tender'.
AK |
supersexysucker
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Posted - 2011.09.02 17:37:00 -
[39]
Originally by: Felix Decat
Edited by: Felix Decat on 02/09/2011 04:32:09
Originally by: supersexysucker
STUFF
Dumb Stuff
lol aw you butt hurtą so a merchant can refuse BTCą does not make it not realą as they can refuse USD.
BTCĘs are like eurosą good some places not othersą
The paper money is backed by nothing. A promise aint worth ****ą
BTC if you knew anything has a cap on the number, I think its 20,000,000 BTC and NO more can be made. Not to mention we are at the point now that crunching for BTCĘs covers the power billą see as more people do itą the returns lessen to zero. So this again shows you have NO idea how BTCĘs work. A year ago 1 GPU could make you $500 a month.
Comparing gold to your daughters worthless paintingą roflą ya last time I checkedą gold was hard to getą looked niceą was wanted by many peopleą and was useful. Soą taking all that into account, + the fact we as people have ALWAYS wanted goldą gives it valueą
Trust, control, supply.
Trust BTCĘs like anything else will be worth moneyą (not like other counties right now are having riots over the economy being gone) controlą not sure what ya mean on thatą who cares BTCĘs are limitedą transactions are limitedą and supplyą as I saidą is limitedą you canĘt just print off 40,000,000 of unbacked BTC, like you can USD. BTC has a hard cap on the number of BTCĘs around.
Lol and as far as who the hell goes where to get whatą idc if it is crap doughnuts, a restaurantą tons of locations do not accept USD.
You have no idea how anything works roflą any offer of anythingą I do not careą saying a BTC is crap cause it aint acceptedą well letĘs just go over all the reason it aint just like a USD is no good in a store.
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Ephemeron
Caldari Provisions
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Posted - 2011.09.02 18:33:00 -
[40]
Whether BitCoin is safe and valuable is irrelevant. Game money for real money exchange is a bad thing for the game.
It may be "good for business," but it is always, always bad for enjoyment of competitive gaming.
It is important to maintain clear lines of separation between reality and a game.
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Cipher Jones
Minmatar
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Posted - 2011.09.02 18:38:00 -
[41]
So its like 'folding' and 'seti'. Is it just GPU or CPU and GPU?
.
Adapt and overcome or become a monkey on an evolution poster.
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Khalia Nestune
Mad Stacks
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Posted - 2011.09.02 22:31:00 -
[42]
You want to use ATI GPUs. A 5770 will give 200 Mhash/s. This is enough for me to get 2+ BTC per month.
Originally by: TamiyaCowboy
Edited by: TamiyaCowboy on 02/09/2011 09:27:27
OP says mine bitcoins with your GPU. he does not tell you how long it takes to gain just one coin.
it all comes down to how many gpu's you run, they need to be overclocked and also require extra cooling. and some card modding
Nvidia 9600GT gives you a 16Mhash, this single gpu would take around 2 days to earn one bit coin.
go check youtube and see what miners are running. quad gpu's or large server banks, and always using ATI cards as these have been proven to give more Mhash
oh a intel quad core Q6600 will take 7 days to mine one coin. thats running 24/7 at 100% load
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Felix Decat
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Posted - 2011.09.04 01:27:00 -
[43]
Originally by: supersexysucker
Originally by: Felix Decat
Edited by: Felix Decat on 02/09/2011 04:32:09
Originally by: supersexysucker
STUFF
Dumb Stuff
lol aw you butt hurtą so a merchant can refuse BTCą does not make it not realą as they can refuse USD.
BTCĘs are like eurosą good some places not othersą
The paper money is backed by nothing. A promise aint worth ****ą
BTC if you knew anything has a cap on the number, I think its 20,000,000 BTC and NO more can be made. Not to mention we are at the point now that crunching for BTCĘs covers the power billą see as more people do itą the returns lessen to zero. So this again shows you have NO idea how BTCĘs work. A year ago 1 GPU could make you $500 a month.
Comparing gold to your daughters worthless paintingą roflą ya last time I checkedą gold was hard to getą looked niceą was wanted by many peopleą and was useful. Soą taking all that into account, + the fact we as people have ALWAYS wanted goldą gives it valueą
Trust, control, supply.
Trust BTCĘs like anything else will be worth moneyą (not like other counties right now are having riots over the economy being gone) controlą not sure what ya mean on thatą who cares BTCĘs are limitedą transactions are limitedą and supplyą as I saidą is limitedą you canĘt just print off 40,000,000 of unbacked BTC, like you can USD. BTC has a hard cap on the number of BTCĘs around.
Lol and as far as who the hell goes where to get whatą idc if it is crap doughnuts, a restaurantą tons of locations do not accept USD.
You have no idea how anything works roflą any offer of anythingą I do not careą saying a BTC is crap cause it aint acceptedą well letĘs just go over all the reason it aint just like a USD is no good in a store.
lol, are you in high school?
So, you can just print off $40,000,000 in US dollars? Well please, hook me up...
YOU, cant just print money. But YOU can conjure BTC's out of thin air.
And contrary to what idiots believe, the treasury cant just print it off either. In short, they can print money against treasury bonds that are then sold to investors and have to be paid back with interest. Or, a central bank can buy assets and print money against the value of the acquired assets... notice that neither of these involve simply "printing money out of thin air". BTC's however just poof into existence based on a random mathematical process.
Gold.... no, my daughters paintings hold no appeal to anyone despite their rarity. But that does not hold true for other rare works of art. Point is rarity alone does not make something valuable. Something has to be hard to acquire and in demand before it takes on monetary value. And thankfully cash does not have a demand problem, its the most sought after currency in the world and also unlike BTC's, you can (contrary to your idiotic assumptions) you can spend it just about anywhere.
Think for a second about every business, website, and retail store front in the United States, the USD is accepted at pretty much 100% of them.... every one.
Pure Gold may be accepted at around 2% of them.
And BTC's.... no idea... let be generous for arguments sake and say 0.03% of them.
Also, you obviously cant read because if you could, you may have noticed I mentioned the BTC generation process and its built in law of dimishing returns in at least 2 posts, including the one you quoted..
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