For discussion about Litecoin, the leading cryptocurrency derived from Bitcoin. Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining.
Looking on Linkedin, Fidelity is hiring Bitcoin miner engineers. Doing some further research it turns out they are hosting miners with a big colocation start up building mines around the us. First colo is 300mw and I think in Georgia. The job listings here are for other cities. Very cool.
Another week of webinars is ahead of us! Next week, hear from Developer Advocate Solange Gueiros for a Portuguese webinar on What is RSK, learn about Bitcoin Mining and Macro Industry Trends, and take part in our workshop to host your own decentralized website on RIF Storage!
BFL accepts Dwolla for payment - my email (and response) to Dwolla reporting them as fraudulent
My email: (feel free to copy, improve, and use to send to [email protected]la.com - I'd recommend avoiding alot of emotional opinions) I came across a page that is using your service to process payments, that at the very least may be violating your terms of service, and is very likely a willful act of fraud. Please see https://products.butterflylabs.com/homepage-new-products/1-gh-cloud-hosted-bitcoin-hashing-power.html. Butterfly Labs is offering hosting Bitcoin mining as a service. While technically a service, and not the sale of Bitcoins, I believe this weak distinction at best. As I understand it, your Terms of Service at https://www.dwolla.com/tos prohibits the sale of Bitcoins without special permission: "Act as a marketplace and/or exchange for virtual currency products without Dwolla's prior written consent, and FinCEN registration if applicable;" Another concern I'd like for Dwolla to take a look at is the statement, "All sales are final." The following term of service seems contradictory to this: "You understand that We do not warrant the transactions and that these transactions are subject to ACH chargeback processes. You agree and warrant that any chargebacks received by Us can and will be debited from Your Dwolla account..." More importantly is this clause in your Terms of Service: "Defraud Us or other Dwolla Users in any way." Butterfly Labs has a long history of making promises and then failing to follow through. Every product they have ever produced has been offered under a strict pre-order offer. They offer no guarantee as to availability date, and claim all sales to be final, refusing requested refunds. As a matter of fact, BFL frequently launches new products, under pre-order of course, before existing orders have shipped. These timelines are excessively long, oftentimes resulting in a product that doesn't ship for over a year after the original order. This for a product that BFL promises in weeks or a few months, and that is time-sensitive, as the value of the product reduces over time. You'll see that PayPal, a common payment option, is no longer offered. This is likely due to to a grassroots effort among unsatisfied BFL customers with PayPal issuing over $300,000 in refunds in the past week. There is a lot of information about this online; http://bflrefund.me is a good starting point. I cannot predict the future, but I suspect in the future, many unhappy BFL preorder customers will similarly be contacting Dwolla for refunds. I'd encourage you to consider whether Butterfly Labs has a high risk profile, and whether being associated with this type of company is damaging to Dwolla's reputation. Dwolla's response: Thank you for that information and feedback, we will pass this along to our fraud and security team. Sincerely,Dwolla Support
E36 – The Arms Race Goes Nuclear - 32 Minute Discussion on the Future of Bitcoin Mining, Clouds, Hosted Services & Manufacturer Guarantees (Starts at 9 minutes in) + 24 minute Interview with Gavin Andresen on ASICs, Consensus Building, the New Payment Layer in Bitcoin .9 and more!
Jerry finds one of Elaine’s exes on instagram. He appears to be gay now, so she becomes obsessed with finding the truth. George let’s her know that men can be bisexual, and lands himself in trouble everywhere he goes, convinced people think he’s bisexual. Kramer mines bitcoin and hosts hot yoga.
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