Topic: Singapore - page 43. (Read 736132 times)

To gain mass adoption, more people need to have access to Bitcoin.    Those reddit bitcoin tipbot is a good start.   Perhaps, we can encourage local forums such as hardwarezone, vr-zone, and some of those political/current affairs site to adopt a tipping culture with crypto-currency instead of the usual "Like" or "+1"

Double edged sword man. On one hand, obscurity means the government won't do much to regulate it coz honestly not worth their time, but also harder for us to find places to use. On the other hand, it being well known and well used in public means the government will take interest and move in to put control measures. Quite hard to have one and not the other.

Lol... Later MAS have a secret ASIC farm, we never know...
Ya educate but being the realist sgreans are its close to impossible, unless like I say there is government endorsement if not no matter the eduction it will not be a wide spread thing. Honestly I rather bitcoin not become so public and wide spread it will be ruined both technically and financially but then again if it doesn't then what good is it?
The dilemma...

It takes time and a lot of patience to convince anyone to adopt Bitcoin especially if they are not technically savvy and do not know the history of Bitcoin and its struggle.  Still a lot of efforts is needed to educate the Singapore society, we are just in the beginning stage.

Well, if we *over* mine Bitcoins then of course will *under* mine MAS mah

Jokes aside though, when I told my girlfriend about Bitcoins, she also thought it was just virtual money with no real worth. But after much convincing and showing her articles and links to shops accepting Bitcoins, I think she's opened up to the idea a little bit more. Still, the larger group of my friends are still not really getting into or understanding what Bitcoin is.

SG being SG unless its some how endorsed by some government if not people will think this is some kind of play money. Just like linux.
And like mention before that will be close to impossible because it will undermine MAS

I can do FPGA but the problem we don't have such a big demand here.

  still haven't decided whether to sell or not but might let go if i find a serious buyer, currently i see mostly demand coming from european buyers...

i have the same concerns regarding ROI but that's true if you're in it for short run and bitcoins lose their value... however i'm a long run optimist so i intend to look at bitcoins as a long term investment so i just hope whatever i get to mine now or get from selling my blades will end up a decent ROI in the long run and that's as far as bitcoins are concerned.. if you look at a bigger picture: there are still alt currencies like freicoin, terracoins and ppc to diversify, by then difficulty for those currencies will still be manageable so i hope my blades will still remain useful till then unless they die on me...  personally i think the only reason those coins don't trade so well is because silkroad and exchanges haven't adopted them so there're still exciting possibilities in the next 2-3 years... i find freicoin attractive due its demurrage fee concept, you should check it out... ppc has good community that promotes its currency... eventually i think the winning currency will be the type that allows faster block confirmations for faster transactions, require less energy consumption, tend to be more secure to attacks and that can bypass regulations much like torrent that encrypts your transmission... even though bitcoin enjoys early adoption there's always a chance for an alternative currency to become a viable choice on the same level... if you notice we reached a stage where all it takes is a good startup company with access to top notch semiconductor facility since hardware and software research part are already taken care of due to open source... reminds me early days of Linux when it was just released and was ridiculed back in the days, look at it now...

Looks shady they posted in the custom hardware forums and retracted the OP... So unless really go down in person if not don't even try. Link to thread
https://bitcointalksearch.org/topic/new-avalon-miner-will-come-soon-232252
Anyway they are depending on Avalon chips... So its another waiting game

bclc, you tempting me ah!
But alas, dont know how the ROI will be like after 3 months even if start mining now.

I got those 300MH ones coming in.  But I paid quite a lot for them.
If you want one or 2 to play, we can neg price.  But I reckon you might still buy it cheaper on the forums here since BTC dropped.
Anyways, anyone got lobang to explore www.asicme.com?
It is based in China and I might be able to get some girlfriends there to do local pickup.

Ohhhh those 10gh/s ones. Haha thought it was the USB one, got the name mixed up and all.

BTW I don't mean as an insult to the Eskimos

Ya that's SG! Sad but true

Beng arh, its the 10-13gh/s blades not the usb

By the time the official media report on the advantages of Bitcoin, I guess even the Eskimos will be using them already

Those are the ones that does 300MH/s right? Haha I might be interested in getting them from you just to play around.

Honestly what can we expect from our country's media? I can't even bothered to read any newspaper published its either some passé or have been vetted thru...

Not really good news for Bitcoin, the coverage is quite negatively associated with Liberty Reserve.

Woo... Will PM you when I decide, good to know there are 2 in SG