gibybo

35 ms·

301.
by gibybo 13y ago
If I was operating this service, I would just sell the Bitcoins as they were deposited to me. When people wanted to withdraw, I would buy them back at the current market rate. Of course I would do this in bulk and have a small reserve pool
302.
by gibybo 13y ago
>Exchanges are the same as auctions in the sense that the person that is buying the item is the one who bid the highest price. There is a reason why the buying prices is called a bid. No, because then I could say "exchanges are the same
303.
by gibybo 13y ago
Bitcoins are not sold at auction, they are traded like stocks, commodities, and currencies. You have people making offers to buy and people making offers to sell. You're free to take someone else's offer or make your own. The biggest differ
304.
by gibybo 13y ago
Sure, but then it gains none of the advantage given to the human.
305.
by gibybo 13y ago
It probably does, but it also makes it easier for a human. I would guess that humans gain from it far more than bots do (since humans are really good at distinguishing moving objects), which should be the primary goal of a captcha.
306.
by gibybo 13y ago
Wow. So I went looking for an image I thought it would have a hard time with: http://fileza.com/d/5h2wco/clippingmagic_test.png A pretty busy background, soft/furry edges between subject and background, less-than-obvious clear color bound
307.
by gibybo 13y ago
Well, the strategy would be to take on as much debt as possible with a low interest rate, then put it in savings accounts as interest rates rise (so the interest from the savings account will be > interest on the debt).
308.
by gibybo 14y ago
You do have to pay to own a portion of the company. The founders did not have to do this. The strike price is set when they give you the options. If they vest over 4 years, the strike price is decided when they are issued, before they vest.
309.
by gibybo 14y ago
>So you think Google knows if a piece of content is instructional? Yes. >Or know that it is a Review? (not just has a rating) Yes. >But more importantly Google doesn't know what kind of content something is. You don't think Goog
310.
by gibybo 14y ago
No, they were just re-encodes to my knowledge. I have a Netflix account and I checked out one of the pirated ones just to compare. I couldn't tell a difference so they did a good job, but I'm sure the difference was there. I'd imagine the N
311.
by gibybo 14y ago
Probably about as quickly as the Netflix-only House of Cards ended up on The Pirate Bay: about 2 hours after its release.
312.
by gibybo 14y ago
No, it is good evidence that the price is volatile. The cost to mine follows the price of a Bitcoin with a built in 2 week delay. It's just how it was designed.
313.
by gibybo 14y ago
On top of the already mentioned fact of indivudal miners switching easily, MtRed was also a comparitively small pool so it had little impact on the network as a whole.
314.
by gibybo 14y ago
In the average, general case, it is slightly less than the cost of one Bitcoin. Due to the recent volatility it has been a lot less, probably about half at the moment (expect this to increase though).
315.
by gibybo 14y ago
This depends on a lot of factors that change rapidly and are hard to predict. Essentially it will take until 2130 to mine all Bitcoins, regardless of how much electricity/computational power is thrown at it (there are some technical excepti
316.
by gibybo 14y ago
They aren't beating inflation right now, but historically they have. ~5 years ago interest rates on savings accounts were roughly 5% and inflation was 3-4%. Empirically, people actually saved less during that time (although there were many
317.
by gibybo 14y ago
Ah oops, you are correct. Looks like I cannot edit my post otherwise I would fix it :/
318.
by gibybo 14y ago
No, it's still not an issue. Check out the table for 256 bit numbers in the article you linked. To get a 0.1% probability of even a single collision, you need to generate 1.5e37 hashes. At 10 TH/s, that would take 3e17 years. 10 million tim
319.
by gibybo 14y ago
It does count only unique hash values, but why should that bother me? People don't randomly generate the same 256 bit number very often (in fact, the probability is so low that it has almost certainly never happened) When I search for "bitc
320.
by gibybo 14y ago
100% bogus? I'm not sure what bad/incorrect statistics you are referring to since it's relatively straight forward to find. The current target hash is "0x000000000000022FBE0000000000000000000000000000000000000000000000" This means that to s
321.
by gibybo 14y ago
I can see your interpretation, but I think the way he has it also makes sense. The buy price is what people are willing to buy it for (i.e. it's the bid). The sell price is what people are willing to sell it for (i.e. it's the ask). Perhaps
322.
by gibybo 14y ago
I suspect it was the technical challenge involved. If he did it for other clients or email, he may not have had to support JPEG re-compression which is both technically difficult and necessary for Facebook compatibility.
323.
by gibybo 14y ago
ASICs represent only a tiny fraction (for now) of the power consumed by the network though. The vast majority is consumed by GPUs at ~1-2 MHs/watt.
324.
by gibybo 14y ago
Technically speaking, an IRA is just a (brokerage|bank) account with a special tax designation. It won't stop you from putting all your money in a penny stock or out of the money options, for example.
325.
by gibybo 14y ago
Mind sharing the links you found relating to the $8 subsidy?
326.
by gibybo 14y ago
Fall for what? It's explained right on the top of the page.
327.
by gibybo 14y ago
Maybe 'clear' was the wrong term, but I was referring to chargebacks. Their only concern with Bitcoin is also fraud, since that's what double spends are too. Also, I happen to be a previous Namecheap customer with a credit card attached to
328.
by gibybo 14y ago
That's interesting, I didn't realize that. But don't they still have to deal with PayPal/credit card charge backs? Do they think those will be more rare that Bitcoin double spends?
329.
by gibybo 14y ago
I looked at the BitPay API page ( https://bitpay.com/bitcoin-payment-gateway-api ) and couldn't tell for sure one way or the other. If it really doesn't, they may want to switch to Coinbase (a YC company that offers a similar service) which
330.
by gibybo 14y ago
Well, I just tried to transfer one of my domains to Namecheap using Bitcoin, but their implementation leaves a lot to be desired. I filled in my domain, got to the checkout page, and it gave me three options: Pay from 'Funds', 'Credit Card'

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