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Source: HotUKDeals | Deals > Technology
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Opening post
eddiewa
15 Sep 17
Pre-order but decent price considering the current crypto currency inflation on AMD cards. Lord knows when any of us will get it!

Edit:Just realised this is a duplicate to an earlier post in Aug, happy to take this down if the original OP updates the price! :worried:
All comments (84)
RichTE
15 Sep 17 #1
Had mine on pre-order for a while. The 4GB version is in stock now for those that can't wait.
eddiewa to RichTE
15 Sep 17 #2
Hey Rich, curious, how long have you had yours on pre-order for now...?
RichTE to eddiewa
15 Sep 17 #3
About a month. I haven't really been in a rush for it though. Otherwise I would have just stumped up the ~£300 for an 8gb model already. People seem to think they'll be around soon ish. (i.e a few weeks). Serveral price drops and stock updates on Amazon today though.
wild_quinine
15 Sep 17 #4
Crypto bubble has temporarily burst. I'd keep an eye on prices, both new and on ebay.

A lot of GPUs come with very easily replaceable fans these days, which is the main thing that will get knackered by mining 24/7, so a second hand mining card isn't necessarily a bad buy, if the price is right.

Might see a real race to the bottom soon. :grin:
eddiewa to wild_quinine
15 Sep 17 #7
Ha I hope mate. Maybe one consequence of stuff like solar panels is the spare power generated (if not stored in an energy storage battery) is miners pretty much mining for free? Either way... Common GPU bubble burst!!
aberboy007 to wild_quinine
15 Sep 17 #13
would you really want to buy a used gpu that has been used for mining? i know i wouldnt, but ppl will, which should have a knock on for new prices
wild_quinine to aberboy007
15 Sep 17 #25
Well why not? The mechanical stress is the main risk, and a lot of cards have literally pop out and replace fans.

Show me any evidence that 24/7 mining cards are at significantly greater risk of electronic failure, in their expected useful lifetime. I'll be surprised if you can.

That said, I wouldn't pay full price for one, but the point is you're really not expecting to have to. If mining is truly over and done, there will be 100000 of these bad boys hitting ebay before Christmas.

If the bubble stays busted, I'll be surprised if you can't pick up a 470 for 75 quid. I mean, that's a steal.
fishmaster to wild_quinine
15 Sep 17 #26
Most people have no clue about crypto, what it means, what it brings, what it gives. You've heard of the revolution, crypto is the revolution x 1,000,000. Market vectors have brought the price down, but it was up again today, let's see what happens when China awakes tomorrow.

Crypto is not mainstream yet, because the software infrastructure is not there. The n00bs and let's face it most people are idiots, the 10% who have a clue and aren't naive will own crypto before the n00bs get anywhere near, any that have touched it so far have got burnt through not protecting their private keys, sending crypto to the wrong deposit address, and buying high and selling low. Idiots who use crypto will get burnt very easily, this is an emerging market and it's not an easy system navigating from FIAT to crypto. Then once the n00bs get on crypto they're instant traders, crazy! Most people aren't traders they will get burnt! This is easy money, easy won easy lost. Highly volatile, invest in what you believe and hold on.
Chuggee to fishmaster
16 Sep 17 #32
This is 'snake oil'. :neutral_face:
plewis00 to Chuggee
16 Sep 17 #34
That's what they said about the World Wide Web in the 90s.
Harryisme to wild_quinine
16 Sep 17 #35
Yeah with talk of China banning the currency we could see cheap graphics card on Ebay very soon, though it could just be a blip and it might not affect demand for the cards.
Szabster to Harryisme
16 Sep 17 #37
I don't think the Chinese ban will influence our eBay too much. Why would you sell your mining rig as long as it still makes profit? Yes, right now it's making less than a few months ago but it's still well in the positive.

In other news, these cards are going to dispatched towards the very end of October. Mark my words :smile: (Amazon CS supervisor told me)
wild_quinine to Szabster
16 Sep 17 #38
Because the other crypto currencies are so completely tied to bitcoin in terms of value that they might as well not independently exist. If Bitcoin loses value, as it has, and possibly will continue to do in the near future, then anything you can mine with a GPU will also lose value, probably proportionately more value than BTC.

People will very quickly be making an immediate loss on the cost of their electricity, nevermind being able to recoup the cost of their cards.

The best way to make some money off those cards for most people will be to sell them.

Do you know what happens when you try to sell half a million of the same thing at the exact same time?
fishmaster to Harryisme
16 Sep 17 #40
China haven't banned crypto this is the usual FUD bandied around by the clueless.
JackoGuitarist
15 Sep 17 #5
This much better than my current 970? very tempted for freesync
CampGareth to JackoGuitarist
15 Sep 17 #6
Not really, they're about equal in fact. Get a second 970 or mod the vbios for more power and speed.
JackoGuitarist to CampGareth
15 Sep 17 #9
dont think my psu can handle a second 970 and have alrewady O'C'd the first one
danielnaghibi
15 Sep 17 #8
I read the questions and answer on the product page and someone confirmed with Amazon that they were delivering on 19/10/2017! :smile:
eddiewa to danielnaghibi
15 Sep 17 #10
Lol well.... It's half of the time RichTE was waiting for... So I'm still OK! :blush:
AsadJani
15 Sep 17 #11
Can't order more then one :disappointed:
AngryMrFlibble
15 Sep 17 #12
I ordered one a month ago (16th August) and still have no word on when it'll be available so good luck trying to get one.
arc126
15 Sep 17 #14
I ordered this on the 27th of August. It still says they have no estimate for delivery time but worth the wait imo since it's at least as good as a 1060 6GB for about £80 less. Worth noting that if the price drops any time between you order it and it's dispatched, you'll pay the reduced price (ordered mine at £225 and my order went down to £219).
blueflash to arc126
15 Sep 17 #16
You can get 1060 6gb for £240 at moment if you dont want to wait
mattd938
15 Sep 17 #15
How does this compare to 2 x 290's in crossfire?
dxx to mattd938
15 Sep 17 #24
Not as well as you might hope. The 290 was rebranded as the 390, and the 480 was rebranded as the 580, so despite AMD's deceptive branding, this is really only one generation up from the 290, and a grade below. An individual 580 will perform roughly equally to a single 290 (but with less power consumption), and on the occasions where crossfire works, your rig wiill perform around 60-80% better than this.
mysticus
15 Sep 17 #17
Will i need an industrial refrigerator/freezer for this and a special room for installation? because dimensions show as 1.25 m x 2.3 m x 40 cm, is this 4 an ibm retro pc? j/k
justboughtz3compact
15 Sep 17 #18
How would this build work (replacing 4gb with 8 GB Rx 580). Budget of around 800 before os
uk.pcpartpicker.com/lis…thq
Leeman20 to justboughtz3compact
15 Sep 17 #19
you will see a little more performance from the 8gb but it wont be all that noticeable to be honest, if you can wait it out i would pre order this card as it is cheaper and you are then saving a few pounds and in the process getting more performance.

Your build overall looks pretty solid for an entry level gaming pc, the only thing i could suggest maybe is to save a little on the ram and maybe see if you can scavenge a hard drive so you can upgrade the CPU to maybe the 1600. This will give you overall a big performance boost over the ryzen 3 but i'm unsure of your pc needs so i cant say for sure if this would be worth it.
justboughtz3compact to Leeman20
15 Sep 17 #20
this build was made by a friend

I'm a beginner never built PC looking to play as a games hopefully destiny 2 at 1080 p. Also as a home PC so looking for speedy and reliable
Any suggestions/changes
Leeman20 to justboughtz3compact
15 Sep 17 #21
this graphics card should be able to handle destiny 2 at 1080p with decent settings, i haven't personally tested it so i cant give you an idea of frame rates but i'm sure someone on the internet will have done testing. Like i said your overall build is pretty solid, if you were more experienced and liked to overclock, i would suggest to go for a ryzen 5 1600 which you can then overclock. As you said though this is your first build and overall will do the sort of stuff you are looking to do, with the AM4 platform it will give you plenty of opportunity to upgrade later on when your budget allows.
justboughtz3compact to Leeman20
15 Sep 17 #22
And any idea about prices ? Should I hold out a bit more as im in no rush to build? As haven't been able to see any Rx 580 in stock due to the mining craze
Leeman20 to justboughtz3compact
15 Sep 17 #23
personally if you can wait i would pre-order this card and wait it out, for an rx580 i doubt you will get a much better price than this as miners will always keep the price of these cards over the £200 mark. With no new cards being released in the immediate future, i cant see prices of graphics cards changing that much to make waiting for a price drop all that worth it.
Just.Wondering
16 Sep 17 #27
I've had this same offer on pre-order for around 2 months
gummby
16 Sep 17 #28
Not so sure about the market crashing. Prices recovered to 266 dollars . It's peaked around 400 and low of 210 dollars last few days. Dropped to 150 in July. Not sure the bubble is burst yet.

One reason for lower price here is strength of the pound. Pound is nearly 1.36 against dollar now. Wait for prices to feed back into retail.

I still have this on order but managed to snag a 1060 Gigabyte windforce card on a previous deal. Friend might take this card from me. 1060 card is smaller compared to this 29cm card. On the pre order you always get lowest price it went to. So £219 seems very good.

The wait time is not so good but not really shocked.
bruno116
16 Sep 17 #29
How does this card compare gamingwise to the GTX 1060 6gb cards?
Currently got a GTX 1050 ti and looking to upgrade slightly at the £225 mark
1gratefulgraham
16 Sep 17 #30
Had Nitro version on pre-order since August 16th, at the moment running on integrated graphics :thinking: G4600, waiting as got a 32" Omen with freesync, here hoping :smile: Wishing you all a mighty fine day.
Computerman
16 Sep 17 #31
thanks bro preordered it.
Anomalous123
16 Sep 17 #33
Hey, would anyone agree that I should swap my rx 480 4gb nitro+ for this graphics card? I know it's better but, but is it worth it tobuy?
janner66
16 Sep 17 #36
I'm new to Radeon as I've always had Nvidia. I own a GTX 760 4GB GDDR5 GPU 1085 Mem 1502 at the moment and am noticing that the recommended requirements for most AAA games have surpassed this level now. £220 is a lot of money for me so is it worth the swap for this card or should I wait out this data mining craze and wait for prices to fall? I'm in no hurry to change.
PandaSaurus
16 Sep 17 #39
I pre-ordered this originally when it was around £240 a week ago but then my back up graphics card died....I couldnt wait for this, so I ordered the zotec 1060 gtx 6gb AMP edition for £260... There is a cheaper 1060 6gb by evga SC(overclocked version) which is £253 but the single fan can get bit noisy at load from the reviews I read.

But this is a great deal if you can get hold of one.
CoumbBarr2000
16 Sep 17 #41
'About equal'?!?

Lol not even close:


32005319-nE5cg.jpg

32005319-t8jvV.jpg
techpowerup.com/rev…tml

580 is significantly faster than a 970 come on dude.
Oneday77
16 Sep 17 #42
I had one of these pre-ordered but was fed up with no news from Amazon. So ended up ordering the £253 EVGA 6GB Single Fan SC gaming. Apparently it is a lot better cooler than the non-SC gaming single £4 cheaper.
Only time will tell also EVGA still honour warranties if you upgrade the cooler and don't physically damage the card.
CampGareth
16 Sep 17 #43
Depends on where you're looking, below 10% difference in GTA 5, Metro Last Light: tomshardware.co.uk/amd…tml

Not worth spending £220 to gain 10%, waiting for next gen for my GPU upgrade from a 970.

*edit* messed up the link
gummby
16 Sep 17 #44
The relative performance charts don't show the rx580 (Non Nitro). You can always overclock cards anyway.

Not sure I would update a 970 for 15-20% performance. What is it that your 970 won't do that this card will do? The RX580 card will gobble up 40-50% more power than your current card. If your just doing 1080p gaming then stick with what you have. Not sure how much memory your 970 has. 8gb is a nice boost.

£219 is a reasonable price for this card. Of course it also depends on how much you could sell your old card on ebay for?

Nvida should be launching Volta range of graphics cards in early 2018. Don't expect any price drops on the old range as it's mostly out of stock or at hugely inflated prices everywhere. Same for AMD products. You pretty much can't buy rx570/580 or Vega products in stock at any sensible prices.

Question is when will Amazon ever get any of these in stock? Do we believe the mid October date?
gummby
16 Sep 17 #45
hotukdeals.com/dea…283


Rx570 at £156. Not sure how cutdown the card is compared to the 580.

anandtech.com/sho…iew

Yeah its quite a bit cut down. Would not be much better than a 970?
PandaSaurus
16 Sep 17 #46
You are lucky the price just went up to £274.99
CoumbBarr2000
16 Sep 17 #47
That's a bit of a silly thing to say. 15-20% performance is the difference between a 1070 and a 1080. That's huge in performance terms actually.
Harryisme
17 Sep 17 #48
fortune.com/201…es/
forbes.com/sit…es/
uk.businessinsider.com/chi…7-9

As I said talk of China banning Crypto-currency, with certain crypto currency losing as much as 25% off it's value at the news.
gummby
17 Sep 17 #49
The difference can be closer to 25% or higher for 1070-1080 pending on games.Look at graphs above. The difference from 1060-1070 could be as much as 25-30%. This is not a Nitro card. You can certainly OC a 970 or 1060 card to improve performance.

It's not silly at all. Really pends what you do on your PC. A 970 card will run most mainstream games at 1080p. The Rx580 is not hugely different on that front. It's not what I would buy for 1440p gaming. It might handle some games at 1440p but certainly not most. It also depends what games you play. Some will see marginal differences. 20% is the best case scenario. Where 9% or less might be true on other games. Nvida plays better on many DX11 games. AMD on DX12. Look at games reviews on the ones you play.

I am not someone who upgrades for 10-20% improvement unless someone can show me that it will impact or improve on the current games I play hugely. If someone want the latest techs and games then sure upgrade away. Doing it for the sake of it I don't agree with, If someone want to future proof the 1070 might be the better buy. This is a huge card at nearly 29cm long.

Monitors are also another factor. 60hz monitors are effectively limited to 60FPS. Larger monitors (27 inch+) are more ideal for more high end graphics too. I think it's much more complicated than suggesting 15-20% and upgrade. Most games are designed for at least quad core CPU.
fishmaster
17 Sep 17 #50
It's called BS. They are not banning crypto this has been said of them many times before. The real way to ban crypto is to stop FIAT to crypto exchange, however crypto will eventually become a competitor to FIAT money, no one knows how many years in to the future that will be. I'm invested in crypto as a high risk investment, I have around 7 different coins and tokens. There's many ways this could all blow up, but China banning crypto is not one of them. If some one said to me should I invest in crypto now, I'd say that's up to you, invest only what you can afford to lose as there's more than a chance you'll lose.
Szabster
17 Sep 17 #51
I do not debate whether some miners will immediately sell their cards. The price has to fall a lot more in order to make a loss. At this rate you're still making around £100 a month. (Eg. 6x 1070s) Yes, some all crypto fell in value but some gained strength shortly after. They are tied to the biggest currency in a way like the dollar affects all other currencies. But I would not hope for 200 quid 1070s anytime soon. This card will come out sooner than crypto becoming not profitable.
Harryisme
17 Sep 17 #52
First off relax, you seem to be triggered over a comment I made that was not enough to get you to go off on a tangent.

I said in my comment there is TALK on them banning the currency, I specifically put in that word, I didn't say, China have banned it, just that there was talk of them banning it, and the news did affect crypto currency value. That news could have led to panic amongst the less knowledgeable in the Cypto business and see them panic selling, it's happened in the past, who'se to say it wouldn't happen again.

There was nothing false in my statement.

I get it you are one of individuals who seems to have gone in to this mining craze, personally I wouldn't care, except it's affecting the everyday PC parts consumer as they have to pay over inflated prices for graphics cards and it's been one of the factors that has led to RAM prices increasing again.
wild_quinine
17 Sep 17 #53
Quite right. It's not banned, they've just made ICOs illegal and shut down the three main exchanges, following on from a four month freeze on accounts.
fishmaster
17 Sep 17 #54
I've never done any mining at all and I wouldn't I would stake coins which are capable of staking and setup a masternode with a profitable coin and lastly setup crypto bot trading. They're all things I'm working on atm.
fishmaster
17 Sep 17 #55
Yes crypto investing is high risk high reward and as speculative as you can get. I've invested £1200 you could easily argue at the wrong time, as the value is hmm £750 or so now of my portfolio, but it was money I was willing to lose whilst I learnt more. I've been a FIAT investor for quite some time, and been through the high and lows of that as we all have, so this is nothing, it could easily be a bubble. Ride the wave and always be prepared to drown.
Nate1492
18 Sep 17 #56
The web has a clear purpose, Crypto currency is simply another standard for international currency, controlled by ???
Nate1492
18 Sep 17 #57
This sounds like absolutely terrible investment advice. 'Ride the wave and always be prepared to drown'? Invest wisely, crypto currency can be part of a smart portfolio, but hedge risky stocks with less risky, otherwise you are just playing the lottery.
fishmaster
18 Sep 17 #58
It wasn't investment advice.
Oneday77
18 Sep 17 #59
I thought it was sound advice. A bit like when you go to the casino after 6 hours in the pub necking shots and pints. Only take in the cash you are prepared to lose.

Anything you walk a with extra is a bonus. Otherwise treat your stake as spending money.
plewis00
18 Sep 17 #60
You are merely echoing the thoughts of people in the 1990s. In the 90s, the web had no clear purpose. There is reason cryptocurrency is being called 'web 2.0' by some; the blockchain technology its built on has real value. It's not controlled by anyone - because there is a public ledger you cannot cheat it and to hack it requires more computational power than you would make (in theory). Yes, it's all a risk but a worthwhile one to many of us.
plewis00
18 Sep 17 #61
Banning it may well have had an opposite effect as people are starting to see it as a real threat to the future of fiat currency, it's already largely retraced.
Nate1492
19 Sep 17 #62
Wait, you actually believe there is *real* value in the blockchain technology?

The only value it has, at the moment, is the fact people think it has value. The fact people buy industry to create it.

There is no, current, intrinsic value.

This is nigh indistinguishable from a FIAT currency, with no one backing it.

'Web 2.0' wow, ok, like that term has been stolen and reused so many times.

Tell ya what, this won't be web 2.0. Because 'the next big thing' is always called web 2.0.
fishmaster
19 Sep 17 #63
You're right that this is an emerging technology, and you could argue it doesn't have value. However what you completely miss is the diverse use of the blockchain and multiple crypto companies building communities and applications on the blockchain. This is happening now and has been for a few years. Think really hard about FIAT and the control it has over your life. The crash of 2008 because of hedge fund investors/banks/governments totally mismanaging the loan economy for their own greed which has caused untold misery to millions of people.

"Most modern paper currencies are fiat currencies; they have no intrinsic value and are used solely as a means of payment. Historically, governments would mint coins out of a physical commodity, such as gold or silver, or would print paper money that could be redeemed for a set amount of physical commodity."

FIAT is a massively corrupt system > finalwakeupcall.info/en/…em/

No one knows the identity of the person that created the BTC blockchain. We know the identities of people who created Ethereum blockchain and Litecoin and many others. Monero is possibly the only currency where it will eventually be a totally anonymous currency. Mp3's and torrents changed how people downloaded music, films, software etc. Blockchain technology means you are your own bank, it means you start to have control, and decentralised exchanges with voting systems by tokens means a fairer system. Currently FIAT investors will be making use of crypto to make money back to FIAT. There's many ways that the current governments with their interests of populous control can interject and thwart crypto. However it now exists and it's only a fool who doesn't believe that this blockchain technology will empower more people and have real value. The absolutely crucial thing is that most people are ignorant, they've heard of Bitcoin and they've heard of the Blockchain, so they think it's about currency, currency is just one small but massively revolutionary part of crypto. Crypto means applications on the blockchain, such as 0x protocol, Ethereum based dapps, and LBRY which is aiming to be a decentralised YouTube competitor, where the user owns and publishes their material. This is about greater choice and freedom to every person.

Where we are now is akin to dialling up a Prestel computer in 1984 with crypto, when it truly emerges it will be part of everyone's life and nothing will stop it, because even if you stop FIAT to crypto exchange, these blockchain communities will have value solely in the block chain, why cash out to FIAT when everything is on the blockchain and has it's own intrinsic decentralised value.

It's truly mind boggling how many people don't actually realise what is happening with crypto and think it's just about Bitcoin and maybe a couple other virtual currencies. This is massive and governments and banking systems will do everything in their power to try and stop it. I don't believe it can be fully stopped. Whether this peaks in 5 years or 20 years, it's coming so learn about it now before you get left behind.

If you want to know more about what's happening in crypto and how diverse it has already become then check out these examples. I could post many more but it would be an overwhelming list >

district0x.io

ark.io

bitshares.org

safex.io

Now history gives us a lesson, Commodore, Atari, Sinclair and many many others were massive in the 1980's where are they now? One thing is for sure, no one really knows whose going to be about in crypto in 20 years time, maybe all of the above or none, maybe not even Bitcoin, one thing we do know is it's a revolution and one that will takes us places we haven't yet imagined.
Nate1492
20 Sep 17 #64
You can't predict a revolution that hasn't happened yet.

This just sounds like conspiracy theory and jingoism to the blockchain.

Without question, it is obvious, you are a staunch supporter of this. But to pretend it is 'already a revolution' is simply not reality.

You can claim to be on the bleeding edge if this ever does materialize, but it certainly hasn't yet.
Scribbinge
20 Sep 17 #65
This randomly dropped to £102 yesterday which is dirt cheap. I managed to get an order in before they caught it, checked back the same evening on my wife's account to order another and it was #1 bestseller and currently unavailable - guess I wasn't the only one who noticed!
Not sure whether to flip it or use it for a living room PC! (if the order isn't cancelled)
deaglecat
20 Sep 17 #66
Probably won't ever be delivered. Suspect that the model is discontinued... To be replaced with a similar model under a different product id
fishmaster
20 Sep 17 #67
So you're saying it will never happen? You don't believe that it's possible that a virtual currency system can ever overtake FIAT? That is naive to say the least. People said this about mp3's and torrents, the technology exists, it's not a case of if it will happen just when it will happen.
Nate1492
21 Sep 17 #68
No, that is not what I am saying. You are changing and inserting words to completely change the context of the conversation (Strawman).

Did you bother to read my 3 lines?

1) You can't predict a revolution.

2) You sound like a fundamentalist in support of Crypto.

3) It hasn't happened yet.

Those are the things I said, in bullet point. I did not claim that it is impossible that a 'virtual currency system' can ever overtake FIAT. It's possible, but it certainly isn't happening right now. And it certainly isn't a guaranteed thing.

China just put no fly orders on a large portion of crypto miners. Russia is going heavy into Crypto (100 million).

To imagine this iteration of crypto currency being the end game is a bit hard at this point.
Super_
21 Sep 17 #69
Ordered 2 days ago from amazon for £102.5 !!
deaglecat
21 Sep 17 #70
.... And will never be delivered
fishmaster
21 Sep 17 #71
Just like computing in the 1980's wasn't a computing end game and nowhere near as capable as it is now and the big names of those days mostly all gone. Crypto is early days too and I wouldn't bet on many being about in 20 years time, the bubble will burst and bring forth the survivors. Home computing was a revolution, the Internet is arguably the biggest revolution ever more than the industrial revolution. Revolution builds on revolution.
Nate1492
22 Sep 17 #72
None of what you said is untrue, but to predict the next revolution is very hard. People keep claiming they know the next revolution.

Motion Control, VR, Blu-Ray....
fishmaster
22 Sep 17 #73
Motion control, VR, Blu Ray they're niche. 1980's computing was a whole genre. Crypto is a whole genre as a concurrency to FIAT and or potential replacement, it also is the platform for decentralisation of computing services. If it pulls off either of these it's a massive revolution. I predict the revolution.
fishmaster
24 Sep 17 #74
VR and Blu Ray are definitely niche. Almost everyone uses a computing device and smartphone, computing as a genre is not niche, VR is absolutely a niche market and so is Blu Ray, I know plenty of people who never bought a Blu Ray player or every played one, my parents as an example, where as they have owned computers since the early 80's and both have smartphones and tablets. Blu Ray and VR are niche products, 4K Blu Ray even more so.

The problem here is that just like when Kodak invented the digital camera in 1975, they never realised what they had and have subsequently not embraced that revolution in image creation. They failed to realise the impact. 42 years later film is dead to the masses and digital image creation is king.

You assume that all blockchains will have currency data on them, this is an assumption not a fact. You fail to understand what decentralised services mean, it's not [email protected], it's data on the blockchain, data that every person now has and will have a lot more of in the future. Rather than YouTube being the centralisation and Microsoft, Google, Amazon with their cloud services, the data will be decentralised, owned by the user encrypted on the blockchain service, not open to scrutiny by a centralised party.

I introduce you to critical mass >

en.wikipedia.org/wik…cs)

Cryptocurrency is at the beginning, it can't do instant payments yet, it's a long way off that, so as a useable currency to replace FIAT contactless payments it's nowhere near. Critical mass means that once we have a technology capable of mass adoption and mass adoption takes place then that technology hits critical mass and succeeds as it's own full operative entity in the hands of the masses. You and I maybe dead and forgotten by the time crypto hits critical mass but don't make the mistake that others have in not seeing where the future lies for the technology. In fact I fully believe as history teaches us that what we imagine and predict of the future turns out quite differently. In the year 2000 would you have predicted the rise of the smartphone? In 2010 would you have predicted the social distraction of the smartphone? We knew of these technologies then but time after time we fail to predict their impact. Do we know the impact on our children where they're taught to interact with technology before each other? Technology moves at a mind bending speed. The blockchain is just the beginning of a massive world of decentralisation. Governments/Banking Systems part of the old school centralisation of services, will do everything they can to try and thwart this revolution.

Lastly: Your search history in their hands >

independent.co.uk/lif…tml
Nate1492
24 Sep 17 #75
And this is where I repeat: You can't predict revolutions. That's just how they work.

I'm not sure how you think VR or Blu Ray was 'Niche' as they were and are fairly massive changes to both industries, motion control has always been slapped around as niche, yet many games consoles have some movement feedback, but it certainly is a smaller scale.

Anyway, the point... You are suggesting Crypto is the way forward for 'decentralisation of computing services'.

Do you actually think there will be a tangible benefit to computing for the masses? Heck, how can you carry out complex calculations if there is money involved? You can't not already know the answer.

You act as if Crypto *already provides a service* yet we have already discussed how it doesn't.

With all that wasted computations going into the blockchain, how do you convert that into something usable and not abusable or worthless?
Nate1492
25 Sep 17 #76
You actually think the BlockChain's compute power can be used to replace the services of the web? You are completely delusional as to what can be achieved from decentralized cloud computing.

You talk about 'storing data' on the blockchain, but they are completely different. Blockchain is all about computing a task that takes so many cycles, where does 'storing data' come into play?

I know what critical mass is, just because you talk about it doesn't mean it's 'happening'.

You also mention 'we may be dead before it reaches critical mass'. So, you're postulating that this decentralization will happen over the next 1-100 years?

That's just ridiculous, I get it, you *really* like crypto, but you've essentially made a whole load of rubbish up and attached it to.

I witnessed the rise of the cell phone and smart phone, and I absolutely could see where the ever connected communications device was leading people towards.

I see crypto currency as well. I see it as a gimmick and a fad that will not be sustained. Yes, I think decentralization is important and will eventually happen across a number of places, but the problem is without any government backing, it might as well be vaporware.
fishmaster
25 Sep 17 #77
You definitely can store data on the Blockchain. Semantics though, the transaction time is slow though. The way you'd do it is with IPFS, decentralised cloud storage and distributed databases, perhaps you should look up and understand BigChainDB and ties.network/ It's obvious you don't understand the advantages to the immutability of the blockchain, and the applications that can run via the Blockchain. The Blockchain is the foundation of the data.

I see you as the CEO of Kodak, it won't happen sweep it under the carpet, this model can't work, and if it did it would break us. Instead of embracing the technology it took Kodak under.

I'm saying blockchain technology will revolutionise our lives, you're saying it's a fad like 3D or VR and it won't make a difference. No one in the world knows the future so if we end up dead before it happens so be it, will that negate the reality that it will happen of course not.

So in 2010 you knew that smarthphones would be so invasive in our lives that even 2 year old kids would be using them every day and the social aspects of this our society haven't caught up? So you know the future? That must mean you're very rich.

You even doubt people with vastly more intellectual experience on the matter who predicted a Bitcoin style system in 1999



Lastly Nick Szabo in 1998 created the idea of a decentralised currency >

"In 1998, Szabo designed a mechanism for a decentralized digital currency he called "bit gold".Bit gold was never implemented, but has been called "a direct precursor to the Bitcoin architecture."[12]

In Szabo’s bit gold scheme, a participant would dedicate computer power to solving cryptographic puzzles. In a bit gold network, solved puzzles would be sent to the Byzantine fault-tolerant public registry and assigned to the public key of the solver. Each solution would become part of the next challenge, creating a growing chain of new property. This aspect of the system provided a way for the network to verify and time-stamp new coins, because unless a majority of the parties agreed to accept new solutions, they couldn’t start on the next puzzle."

Like I said it's not even about currency. It's about privacy. You say I talk rubbish but I back up everything I say with sources, with facts. You obviously don't like the idea of this currency, but you and me are currency slaves to the ponzi FIAT system, in which each generation has to be in more debt than the last. Look at this generation from the last. I own a house without a mortgage because my parents gave me the money. There's no way I can do that for my kids and my kids are much poorer, the FIAT system proved its corruption more than ever in 2008 in the sub prime mortgage crisis a totally engineered problem, this is not conspiracy but fact, they even bet on the crash and cashed in. Many people lost their jobs and livelihoods and yet you wish to support a system where the Banks print money and Governments are in control of the currency.

There exists a system now and in fact multiple systems, so multiple blockchains no created by the orignator of Bitcoin which seek to provide a decentralised currency but more so they seek to provide private/secure data handling of an individual's data whereby the individual is in sole control of the data.

You live in the past and have a blinkered view of the world. People this year have already made record amounts in crypto currency and have cashed out to FIAT. I believe there will be a massive crash like the dot com boom, from that boom we got Amazon and others that survived and thrived. Bitcoin may come and go, and it's now inferior to many of its peers, but crypto is definitely here to stay and will change our lives in ways none of us can yet even imagine. Think how scary things get when you don't need to cash out to FIAT and the people that did will wish they hadn't done so.
Nate1492
26 Sep 17 #78
Throw some more buzzwords out there, you didn't fill your diatribe with enough.

I can't believe someone actually typed that entire text wall.

No, just because one person made a video about it in 1998/9 doesn't make it a thing. Just because someone had the idea and wrote it down doesn't make them a genius.

And I've also said a decentralized currency will likely happen.

But what won't happen is this magical concept you are describing. That will never happen.

You say you 'backed it with sources' but what you've really done is link it to people who are happy to spout nonsense.

If you think the 2008 crisis was something done on purpose, you are greatly mistaken. Watch 'The Big Short'.

It's a great film. It pretty succinctly describes the issue, and the attitude, of people who caused the crisis.

The subprime mortgage crisis was caused by greed and arrogance, not some engineered mastermind.
Scribbinge
26 Sep 17 #79
Suspect you are right but at that price it was worth the gamble. Could sell in on ebay the day it was delivered to make a 100% profit at the least. Haven't lost anything if they don't cancel anyways. :grin:
fishmaster
26 Sep 17 #80
You're embarrassing yourself here in public. In fact considering your lazy attitude to this debate, it's not even a debate as far as I'm concerned. You don't even provide a detailed rebuttal, all you can really say is rubbish and buzzwords.

I think anyone reading this debate will see where I'm coming from. You don't even respond to the points I make. I've proven the points with examples, such as database and dapps links on the Blockchain.

Some bloke in 1999, you obviously don't know who he is, he's rather more regarded in his subject area than you or I will be in any other area in life.

"Milton Friedman was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy." Some bloke on the Internet ah yeah I see what you mean.

"Nate1492, an armchair expert still apparently living in 1492 who lacks the basic function to examine factual information"

You can't believe I typed a text wall, that's because I have facts, ones you don't respond to because you don't know how to tackle them as you haven't researched the subject.

I have watched The Big Short. I suggest you do as well.

theguardian.com/bus…ges

abovetopsecret.com/for…pg1

Now tell me, if you fuel a speculative bubble for your own financial gain by deliberately misrating collateralized debt obligations, that's just fair game isn't it, it's in no way engineering a crisis. Of course not. We know humans are greedy, but we also know that the banks engineered this crisis, it's a sickening metabolite of the centralised FIAT system.

youtube.com/wat…EB8

Ciao Adios Shower the horse I'm done.
Nate1492
27 Sep 17 #81
1) rationalwiki.org/wik…ion


2) en.wikipedia.org/wik…nem


3) en.wikipedia.org/wik…eam

4) en.wikipedia.org/wik…ity


We don't need to go on, but you are essentially tons of logical fallacies.


There is nothing to 'rebut' here, you have proven nothing, you have made assertions and repeated them, then attacked me as a person.

Then you make a bold claim that someone is an authority on something that is impossible to be an authority on (the future) with a simple youtube video. And when suggested the man was anything less than the center of the universe, you simply expect me to give up from sheer volume of typing.


Your 'argumentative style' is absolutely awful. Type far too much, get angry at the person, call them names, and provide no new information.


Just repeat till someone gives up.
fishmaster
27 Sep 17 #82
I'm not angry, I haven't seen any evidence negating what I'm saying. I've indicated positive developments with Blockchains and that's not even delving in to Tangle and similar Directed Acyclic Graphing technologies. I can give many more examples of people who have cited Blockchain technology a couple of decades before it came to fruition.

You challenged me I responded. I think the future can be predicted here in that we won't agree, as for me attacking you as a person, I'm sorry that it came across that way and I don't have issue with you. You're text on a computer screen to me, it's none of my business if you think negatively or positively about me, and that's the same for anyone that responds or doesn't respond but has their own opinions regarding what I've said.

I am human and not a bot, I assume you're human too so it's possible neither of us is right, one of us is etc etc, in the grand scheme of things, I've done this 1000x before over the past 20 years and I've forgotten more debates than I remember. It's all good fun and amounts to nothing really.

I do accede you could be right, that blockchain and tangle etc could amount to zero, but I see something special with these technologies, the truth is only time will tell.

!remind me 5 years
deaglecat to fishmaster
1 Oct 17 #84
Now marked - "currently unavailable". Doesn't look good.
Nate1492
27 Sep 17 #83
You've cited very light examples, and nothing even close to 'proof' but you acted as if you have proven a revolution is here.

Bold claims require bold proof. You've not demonstrated that, so I remain a nay sayer until I see *FAR* more evidence.

The cloud storage farce keeps coming to mind, I simply don't believe you on your attempt to discuss how you could have blockchain cloud storage.
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