[Lab] Thoughts on Bitcoins, and the like?

Wed Nov 27 11:58:50 EST 2013

http://www.shopify.com/blog/10446157-shopify-merchants-can-now-accept-bitcoin

:)

Walking through the halls today all you hear are people talking about
bitcoin.

On Wed, Nov 27, 2013 at 10:15 AM, Paul & Andrea Mumby
<themumbys at gmail.com>wrote:

> Sorry guys, we're well past the beta testing phase :)
>
> (Not to mention that's an expensive beta test. Our prototypes are
> generating half a bitcoin per day, with several limitations on them. The
> final mass production units we expect to generate nearly 1BTC per day at
> current difficulties. And at a value of $900/BTC or more, even a 1 week
> beta test is equal to nearly $7000 in revenue ;)
>
> We're just finalizing one or two minor bugs in the design, and expect to
> be in mass production any day now for our first production batch.
>
> - Paul
>
>
> On Tue, Nov 26, 2013 at 9:58 PM, <bentfork at gmail.com> wrote:
>
>>
>> Paul do let us know if you need some beta testers...  Any excuse to get a
>> better internet connection at modlab.
>>
>> Are you on CaVertex?
>>
>>
>>
>>
>> On 26 November 2013 18:37, Paul & Andrea Mumby <themumbys at gmail.com>wrote:
>>
>>> If anyone wants to do a bitcoin transaction, I can certainly facilitate.
>>> I've got a fully trusted business account on the Canadian exchange. So I
>>> can easily move funds into and out of BTC/CAD
>>>
>>> Also I currently own a business manufacturing custom ASIC based mining
>>> equipment (or rather we're close to launching our first product). But
>>> you're right. The "individual hobby miner" is becoming a thing of the past.
>>> Most of our equipment is targeted to large scale enterprise miners,
>>> targeting datacenter deployments.
>>>
>>> - Paul
>>>
>>>
>>> On Tue, Nov 26, 2013 at 4:57 PM, Jamie <jamie at steppinofftheedge.com>wrote:
>>>
>>>> It's been a great practical point of discussion with my family about
>>>> subjective value, currencies, technology, etc. Got my son all the pieces to
>>>> GPU mine as a Grade 8 graduation present. He made 20 coins with it that he
>>>> spent for a Jalepeno miner that has since made him 6 or 7 coins. He's ok
>>>> with that, I kind of wish I'd just bought him the PC's worth of BTC as the
>>>> present which would be worth MUCH more now ;)
>>>>
>>>> I'm also done recording an interview and other media that should have a
>>>> Bitcoin themed podcast out by the end of the weekend (I hope). Check
>>>> steppinofftheedge.com for it soon.
>>>>
>>>> Jamie
>>>>
>>>>
>>>> On Tue, Nov 26, 2013 at 3:33 PM, Henri Kuschkowitz <
>>>> henri.kuschkowitz at gmail.com> wrote:
>>>>
>>>>> Ha,
>>>>>
>>>>> I second that Dave. It would definitely an interesting discussion if
>>>>> everyone could make it out. We did touch on that subject 3 weeks ago (?)
>>>>> but only on setting up mining rigs and whether or not it’s still valuable
>>>>> at a smaller scale.
>>>>>
>>>>>
>>>>> HK
>>>>>
>>>>> On Nov 26, 2013, at 3:14 PM, dave at huntgang.com wrote:
>>>>>
>>>>> I have been following the bit coin news! In fact, I gave a big lecture
>>>>> to a bunch of guys at work after the fall of SilkRoad how the US Government
>>>>> would be forced to accept BitCoin as a form of value and it's inevitable
>>>>> increase in value... Of course, I never did buy any and am kicking myself
>>>>> now!
>>>>>
>>>>> On 2013-11-26 3:05 pm, bentfork at gmail.com wrote:
>>>>>
>>>>> I thought there would be some here that knew what I was talking
>>>>> about.  Does anyone have experience with local bitcoin?  I'd rather trade
>>>>> with people I kind of know, rather than strangers.  I'd like to try cashing
>>>>> out ~ 2 btc, or equivalent litecoin.
>>>>>
>>>>>
>>>>> On 26 November 2013 14:56, Paul & Andrea Mumby <themumbys at gmail.com>wrote:
>>>>>
>>>>>> Ooh, neat, I'm interested to see what that announcement is :)
>>>>>>
>>>>>>
>>>>>> On Tue, Nov 26, 2013 at 2:52 PM, Tom Burns <tom.i.burns at gmail.com>wrote:
>>>>>>
>>>>>>> I work for Shopify.  We are about to announce something :)
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> On Tue, Nov 26, 2013 at 2:38 PM, Paul & Andrea Mumby <
>>>>>>> themumbys at gmail.com> wrote:
>>>>>>>
>>>>>>>> Just FYI I'm fairly heavily involved/invested in Bitcoin. I own a
>>>>>>>> fairly large business focusing around them, And I'm a fairly fervent
>>>>>>>> supporter.
>>>>>>>>
>>>>>>>> We're working from several angles right now on trying to build up
>>>>>>>> adoption in the area.
>>>>>>>>
>>>>>>>> If I weren't so damned busy lately trying to hold up a day job, run
>>>>>>>> a business, and juggle half a dozen projects at once, I'd drag myself down
>>>>>>>> to Modlab to catch up :) (in which case I'd be happy to get into a
>>>>>>>> discussion with anyone who's interested)
>>>>>>>>
>>>>>>>> - Paul
>>>>>>>>
>>>>>>>>
>>>>>>>>  On Tue, Nov 26, 2013 at 2:35 PM, <bentfork at gmail.com> wrote:
>>>>>>>>
>>>>>>>>>   I'm curious if any other list members have been following the
>>>>>>>>> crypto currency news recently.  I've been watching the space of the last
>>>>>>>>> year or two on and off.
>>>>>>>>>
>>>>>>>>> I'm not sure if there are any local vendors that accept bitcoin
>>>>>>>>> yet but it is a interesting movement.  It is always interesting to hear of
>>>>>>>>> restaurants, bars and online stores that are taking it.
>>>>>>>>>
>>>>>>>>> Are there any Bitcoin, Lightcoin, etc enthusiasts on the list?
>>>>>>>>> Anyone interested in a informal discussion on them some Wednesday during a
>>>>>>>>> mod lab?
>>>>>>>>>
>>>>>>>>>
>>>>>>>>> Cheers
>>>>>>>>>   _______________________________________________
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>>>>>>>>
>>>>>>>>
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>>>>>>>
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>>>>>
>>>>>
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>>>>
>>>>
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>
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