[Lab] Thoughts on Bitcoins, and the like?

Wed Nov 27 12:44:33 EST 2013

What are bitcoins and how can i get/use them? Is there a point? Dollars
have always worked well for me thus far
On 2013-11-27 11:59 AM, "Tom Burns" <tom.i.burns at gmail.com> wrote:

>
> 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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