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Title: Curiosity versus currency Post by: BBanzai on June 29, 2011, 03:41:27 AM I have never been a gambler, or traded words for indemnity. I have earned my keep by solving specific puzzles that my clients could not. The idea of arguing one's way into a paycheck is offensive to me. Studying Bitcoins is well within my demeign. I find it fascinating that the easiest way to play with them is in the form of a casino, with everyone playing the odds that they can buy low and sell high. I may have said this before. If noone is trading real work for Bitcoins, then they are simply chips in a stupid game. The house always wins. The basic principle of money markets is "screw the other guy, he's stupid." Playing that particular game at length is a clear indication that you have nothing of value yourself to offer, as is true with all gambling.
Title: Re: Curiosity versus currency Post by: billyjoeallen on June 29, 2011, 03:50:31 AM It IS a game. The person who dies with the most Bitcoin wins. Can't take the heat, get out of the kitchen.
Title: Re: Curiosity versus currency Post by: BitcoinPorn on June 29, 2011, 03:54:00 AM BBanzai, I get the feeling you think people are hoarding or is there not enough people doing work for/with Bitcoin as far as selling and buying actual items?
Title: Re: Curiosity versus currency Post by: indio007 on June 29, 2011, 03:57:13 AM I have never been a gambler, or traded words for indemnity. I have earned my keep by solving specific puzzles that my clients could not. The idea of arguing one's way into a paycheck is offensive to me. Studying Bitcoins is well within my demeign. I find it fascinating that the easiest way to play with them is in the form of a casino, with everyone playing the odds that they can buy low and sell high. I may have said this before. If noone is trading real work for Bitcoins, then they are simply chips in a stupid game. The house always wins. The basic principle of money markets is "screw the other guy, he's stupid." Playing that particular game at length is a clear indication that you have nothing of value yourself to offer, as is true with all gambling. Uhmm.... securing the authenticity and accuracy of every transaction ever made on the bitcoin network is work. My GPU cycles ,which incidentally cost something, secure the network. There is no buying and selling at the mining level. It's simply performing service. Title: Re: Curiosity versus currency Post by: qualia8 on June 29, 2011, 07:43:43 AM I mine; I invest; I make purchases in BTC. I would sell in BTC too if it were possible in my profession.
I imagine there are many more like me here, only these are the early days of bitcoin. Commercial institutions must co-evolve gradually in order to be profitable and legal battles loom. Give it time. But I agree with your sentiment: don't "gamble" on bitcoins. Put some of your USD behind this liberating idea. Invest and make it happen. Title: Re: Curiosity versus currency Post by: FreeMoney on June 29, 2011, 07:50:56 AM Buying low and selling high helps smooth out the price, people get paid for that. Buying high and selling low exaggerates swings, people have to pay to do that.
Day trading is not the point of bitcoin at all and if it were the value would already be zero. It only looks like the exchanges are influencing the price, they are actually discovering it. Title: Re: Curiosity versus currency Post by: BitcoinPorn on June 29, 2011, 11:25:43 AM It only looks like the exchanges are influencing the price, they are actually discovering it. This.Title: Re: Curiosity versus currency Post by: BBanzai on July 05, 2011, 01:45:13 AM Do not get me too far wrong. In exploring what this new toy consists of, I have both learned about bitcoin casinos and about the exchanges. Hands on is the best way to get a grasp of anything. The thoughts that consume my nights are not about profiting, but about learning what is real. That is why I garden. That the exchanges, the money markets, serve a purpose is apparent. But the switch from commodity to currency requires a huge advance in common acceptability. That is, free trade for real products and services for BC. Unless of course you are a technocrat that thinks you can eat the numbers in your workstation.
Title: Re: Curiosity versus currency Post by: DamienBlack on July 05, 2011, 01:52:38 AM Do not get me too far wrong. In exploring what this new toy consists of, I have both learned about bitcoin casinos and about the exchanges. Hands on is the best way to get a grasp of anything. The thoughts that consume my nights are not about profiting, but about learning what is real. That is why I garden. That the exchanges, the money markets, serve a purpose is apparent. But the switch from commodity to currency requires a huge advance in common acceptability. That is, free trade for real products and services for BC. Unless of course you are a technocrat that thinks you can eat the numbers in your workstation. Man, you talk like an evil mastermind. Remind me not to get on your bad side. I imagine my whole life would slowly deteriorate while you plot diabolically to make it worse and worse. Title: Re: Curiosity versus currency Post by: BBanzai on July 11, 2011, 05:06:48 AM I suppose I shall take that as a compliment, Damien, although I am not entirely certain where your ominous sense of me springs from. Evil is as evil does, as they say. I had a thought tonight that I cannot quite get square in my mind. I have so far been playing the exchange with tactics that gradually increased my account in dollars. If everyone does that, in the U.S. at least, it means that the dollar is valued higher than the bitcoin. Obviously, if I could pay for most goods and services in bitcoin, I would use the same tactics, but with the goal of buying dollars "low" and selling them "high". Forgive me if I am asking the obvious. But I'm curious to know if the bitcoin true-believers trade that way. That is, selling bitcoins low and buying them high if I understand this correctly.
Title: Re: Curiosity versus currency Post by: Olomana on July 11, 2011, 07:24:57 AM I have so far been playing the exchange with tactics that gradually increased my account in dollars. BB, if you tweak your strategy just a bit, your account will increase in both dollars and bitcoins. On each round trip, sell a fraction fewer bitcoins than you bought. There is no shame in providing liquidity to an exchange. It's a valuable service and you deserve to profit from it. Title: Re: Curiosity versus currency Post by: Herodes on July 11, 2011, 08:31:33 AM BBanzai: You are a master with words. :) Do you think the bitcoin exchanges are any different from other financial markets, in theory? Isn't the goal the same everywhere, to do successful trades? :)
Title: Re: Curiosity versus currency Post by: ronwan on July 11, 2011, 08:32:17 AM The house always wins. The basic principle of money markets is "screw the other guy, he's stupid." Playing that particular game at length is a clear indication that you have nothing of value yourself to offer, as is true with all gambling. This is a common misconception about market functions. What good traders will do is smooth out the price. They are like a capacitor in a parallel DC circuit acting as a voltage reculator. The voltage is the abundance of bitcoins (low price). If the price were high on Thursday and low on Saturday, then this means the supply on Saturday is over average and Thursday it is under average. If you buy when it is abundant (cheap) and take coins off the market, and sell when it is scarce (high), you smooth out the curve. This is what grain contracts do which is why the price of wheat does not crash at harvest time. Speculators are buying like crazy, storing, and selling later in the year. This helps everyone. Communist Revolutions are lead by violent economically ignorant people and these "speculators" are some of the first to go to the gulags. Why not, they aren't working for a living, the farmers are growing the food and they make money by gambling. Note that some form of famine usually follows a Communist take over as there is not enough food later in the year before the next harvest. Title: Re: Curiosity versus currency Post by: BBanzai on July 13, 2011, 03:53:51 AM I may not have said this before in so many words. I have no idea what financial markets are actually about. I was never interested in money. I pay my rent by solving puzzles. This is just a new one, and perhaps the best introduction to something that has always offended me. One that does not immediately seem to be funding senseless wars with my taxes. So. J'y suis. J'y reste.
Title: Re: Curiosity versus currency Post by: BBanzai on July 13, 2011, 04:19:58 AM Ronwan, you give me hope. But bear in mind my sense of time. If the government shall be cast down as a Golden Calf, then why do the commoners need to starve by the machinations of the financially clever? How is that an improvement?
Title: Re: Curiosity versus currency Post by: BBanzai on July 13, 2011, 04:26:46 AM Olomana, this does not solve my puzzle. I have already taught myself how to increase both. There is a model that says one currency is better than another. I would love to claim BC as my currency of choice, but practical concerns make me vote for US dollars. I have services to offer. I'm not convinced that offering them for BC will enamour me to my clients. So I try to fish for more USD than BC. I want to hear from people that are playing it the other way around.
Title: Re: Curiosity versus currency Post by: Jaime Frontero on July 13, 2011, 04:31:23 AM I may not have said this before in so many words. I have no idea what financial markets are actually about. I was never interested in money. I pay my rent by solving puzzles. This is just a new one, and perhaps the best introduction to something that has always offended me. One that does not immediately seem to be funding senseless wars with my taxes. So. J'y suis. J'y reste. neither do i. i find, however, that approaching them (financial markets) from a different direction can be effective. and so... since the vast majority of the trading community appears to rate their own performance in terms of USD, i have decided that it makes the most sense to rate mine in terms of Bitcoin. Title: Re: Curiosity versus currency Post by: BBanzai on July 13, 2011, 04:50:17 AM I have been given good advice after the fact. I also blew a hundred bucks trying to figure out what the hell this was about. Like going to Atlantic City, it was just for fun, I have no regrets. I am still not convinced that my learning how to play this game makes any real value in the world.
Title: Re: Curiosity versus currency Post by: BBanzai on July 13, 2011, 05:00:31 AM If what good traders do, like a capacitor (understood, btw, I know about analog integration), is smooth out the price...then why is an arbitrary number of dollars per chicken, the cost of gasoline, the "value" of your mortgage supposed to double every ten years? Who is gaming the game?
Title: Re: Curiosity versus currency Post by: BBanzai on July 13, 2011, 05:12:05 AM In part to answer my own question...at this point, I have more interest in BC than in my own salary (USD) and I have been trying to belittle paper money by selling BC high and buying low. I'm a little surprised that no one else answered my question correctly, but I've always lived in a paradox. Where you keep your treasure, there is your heart.
Title: Re: Curiosity versus currency Post by: FreeMoney on July 13, 2011, 08:05:31 AM If what good traders do, like a capacitor (understood, btw, I know about analog integration), is smooth out the price...then why is an arbitrary number of dollars per chicken, the cost of gasoline, the "value" of your mortgage supposed to double every ten years? Who is gaming the game? New dollars coming in dilute the value. This is why Bitcoin is capped at a known amount and no one has a special place, unlike the dollar and it's lords. Title: Re: Curiosity versus currency Post by: FreeMoney on July 13, 2011, 08:11:12 AM Also "smooth out" is not the same as "hold exactly still". Things in the real world change and prices reflect that. The better and more quickly they reflect that the better plans we can all make.
In terms of Bitcoin price, if Bitcoin is ultimately going to be the main money in the world then signaling this as quickly as possible lets people rationally start building the infrastructure that will be needed. If it is going to fail and be worthless knowing that in advance would save lots of effort and resources. Whoever can tell us the truth (or be most accurate) will get paid, people who mislead with wrong predictions pay that bill in money lost from trading. Title: Re: Curiosity versus currency Post by: BBanzai on July 14, 2011, 03:30:58 AM I am so accustomed to seeing the "main money" in the world belonging to, and ultimately being destroyed by empires, it is taking me some time to imagine in detail that which attracts me most to this new toy. If it becomes a widely accepted currency, the government will freak out and try hunting down the "source". Of course, there isn't one, by definition...but they will try none the less.
Title: Re: Curiosity versus currency Post by: Olomana on July 14, 2011, 07:47:44 AM I have services to offer. I'm not convinced that offering them for BC will enamour me to my clients. For your existing clients, probably not. Will accepting bitcoins attract new clients? Again, probably not, but this is the right question to ask. For me, trading a few bitcoins back and forth makes me part of the drama while I wait for the bitcoin economy to mature to the point where there is something that I want to do that is more conveniently done with bitcoins. Title: Re: Curiosity versus currency Post by: ronwan on July 20, 2011, 11:31:40 PM Ronwan, you give me hope. But bear in mind my sense of time. If the government shall be cast down as a Golden Calf, then why do the commoners need to starve by the machinations of the financially clever? How is that an improvement? The government has to be "cast down" so that the commoners DON'T starve. Not all people are skilled and can provide this market function at a profit. Thus the don't help AND they loose money. They eventually go away. Most people need to use bitcoins not speculate in them. As far as starvation, as I said, successful grain speculators KEEP people from starving. That was my point. Voluntarism is the best way to maximize the commoners standard of living in my view. Title: Re: Curiosity versus currency Post by: BBanzai on July 23, 2011, 08:26:32 PM Could you explain in detail how speculators in grain prevent people from starving? I am NOT arguing, I actually do not understand this and would like to hear it explained. I have a very rough idea that increased price of grain is good for speculators and bad for hungry people, but I am well aware that my models are over-simplified at this point. If you would, please continue.
Title: Re: Curiosity versus currency Post by: bitrick on July 24, 2011, 01:12:35 AM In its most simplest form:
The crops all come in at the same time. The farmers need money to pay their loans back - they can't wait. So they sell. All at once. The price plummets, the supermarkets get great prices, but the farmers go broke and starve. Enter the speculator. He has extra money, he knows the price will likely rise in the near future. He buys the wheat and warehouses it. The price rises, he sells and makes money. With money to be made, the speculators compete for the wheat at harvest and eventually the price does not plummet at harvest anymore. Title: Re: Curiosity versus currency Post by: Phinnaeus Gage on July 24, 2011, 01:35:38 AM Personal Sandbox Original Post Below the Fold More channels being demonetized. How is plantation vital to program? Note: First use (unless warranted) of neologisms and terms indigenous to YuTü.Co.in are in bold (as depicted; glossary found at bottom of OP (#post_Glossary)). Images - selectively cited - gleaned from the Net [to illicit emotions]. FIXZ is YuTü.Co.in's ERC-20-compliant native stablecoin available ONLY on our proprietary exchange, YTC-Sox, having trading pairs with every yAltcoin (yALT) - neo-asset class crypto-commodity pegged to a participating YouTube channel: initially backed by hard assets of YuTübopolis, Inc. (https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=095159111253023046082208020087159147204178151080), prominently [purposed] 622-acre YuTübopolis Center (#post_YC); futurely, ALSO pegged 110% to viable yALT yaltz (shares) sourced from the Retention Pool (#post_RP) (linked to below the fold). https://i.imgur.com/HAd22eC.jpg (https://www.youtube.com/watch?v=fhXeRI8odYE) Entrance to YuTübopolis Center 4009 Carters Creek Pike, Franklin, TN (https://fridrichandclark.com/listings/rt-1978116-4009-carters-creek-pike-franklin-tennessee-37064/) (image incorps link to complementary YouTube vid) FIXZ Schedule Pre Sale
Pre Sale Total: U$200,000 (U$200K)
Hard Cap: U$28,200,000 (U$28.2M) (Unsold FIXZ - 25M max - Reserved for Onboarding YouTubers as Lynspinz) Not a single FIXZ held by principals et al. of YuTübopolis, Inc. ALL doled accordingly. Bonus One PAQ (virtual miner/dowzer; follow link (#post_PAQ)) rewarded for every U$25 worth of FIXZ purchased during the pre-sale offering, thereafter 1 PAQ rewarded for every U$50, U$75, U$100 ... worth of FIXZ purchased (mirroring HERE (#post_Schedule), precise [fair and reasonably balanced] schedule forthcoming, expanding upon the incremental U$25 increases). Each PAQ is capable of dowzing (mining) no less than U$2,628 worth of crypto-commodity yALT yaltz per year based on the generation of one block exactly every two minutes (262,800 yaltz per year per PAQ), yaltz trading for no less than U$0.01 (1 U$ ˘ent) each on YTC-Sox. FOR EXAMPLE, verified well-esteemed YouTubers like Jenna Marbles (https://en.wikipedia.org/wiki/Jenna_Marbles), Ryan ToysReview (https://en.wikipedia.org/wiki/Ryan_ToysReview) or DataDash (https://www.patreon.com/data_dash) could relatively easily have their yALT yaltz trade well north of U$1.00 each IF registered as a Lynspinz on YuTü.Co.in. Mentioned YouTubers' proposed stylized TicSyms [Ticker Symbols]: JennaM, RYAN and DataDash (respectively) - inspired by their logos depicted in images below, linked to reciprocal YouTube channels. YuTü.Co.in's YTC-Sox trading platform could feasibly act as an IPO proving ground for the most successful YouTubers' yALTs, exemplifying their carryover TicSyms (ticker symbols) for eventual inclusion on legacy non-crypto exchanges and/or the likes of Patrick Byrnes security token trading platform - t0 (https://www.tzero.com/) (tZERO Group's logo as depicted). https://i.imgur.com/RzZagXa.jpg (https://www.youtube.com/user/JennaMarbles/about) https://i.imgur.com/gBA0lMH.jpg (https://www.youtube.com/channel/UChGJGhZ9SOOHvBB0Y4DOO_w/about) https://i.imgur.com/kHZdEYO.png (https://www.youtube.com/channel/UCCatR7nWbYrkVXdxXb4cGXw/about) Not a single PAQ held by principals et al. of YuTübopolis, Inc. ALL doled accordingly. About YuTübopolis Center: YuTübopolis, Inc. (https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=095159111253023046082208020087159147204178151080)'s purposed YuTübopolis Center property is currently offered by country music's most iconic couple, Tim McGraw (https://en.wikipedia.org/wiki/Tim_McGraw) and Faith Hill (https://en.wikipedia.org/wiki/Faith_Hill), formerly owned by one of the 20th century's most significant and influential American singers and songwriters, Hank Williams [Sr] (https://en.wikipedia.org/wiki/Hank_Williams), listed by Fridrich & Clark Realty (link (https://fridrichandclark.com/listings/rt-1978116-4009-carters-creek-pike-franklin-tennessee-37064/)). Our overarching ambition is to outright purchase the historic plantation (#post_NRHP) for the apropos intentions outlined below (#post_Aspirations). https://i.imgur.com/7XAT1mR.png Link to Google Maps (https://www.google.com/maps/place/4009+Carters+Creek+Pike,+Franklin,+TN+37064/@35.8687375,-86.9755314,2040m/data=!3m1!1e3!4m5!3m4!1s0x88637e1bccb85255:0xea47a540365b9f8c!8m2!3d35.8692172!4d-86.9686301) Plantation Highlights:
https://photos.idx.io/rt/1978116/1.jpg https://i.imgur.com/nSL3xTl.jpg https://i.imgur.com/T1LMnEA.jpg Images courtesy of Fridrich & Clark Realty (https://fridrichandclark.com/listings/rt-1978116-4009-carters-creek-pike-franklin-tennessee-37064/) Aspirations: (sans apologies if perceived too GAWdiose)
PAQ: Also known as "virtual miner", a PAQ (rhymes with pack) basically represents permission to dowze (mine) a specific yAltcoin (one yAltcoin at a time). Upon their purchase, each PAQ is numbered/timestamped, a lower numbered PAQ usually receiving priority when queuing to dowze yaltz if all other metric considerations are relatively equal. The more PAQs one has under their control (prime metric), the more yaltz one earns from the yAltcoins they're directed towards. PAQs are available for purchase at any time directly from YuTü.co.in (http://yutu.co.in/PAQ). Prices will vary during the different stages of development but will never exceed U$500 per PAQ. Registered PAQs can be deployed to dowze any yAltcoin, so long as at least one of the 100 slots are available. Anyone can become a PAQer upon enrolling as a YuTü.Co.in member, purchase at least one PAQ and register it to dowze yaltz of their preferred or [highly likely] most profitable yALT. Distribution/Pricing Schedule
PAQs will continue to be sold after this point, increasing in price increments of U$25.00 per every 10,000 sold, again, up to the maximum price point of U$500 per PAQ, culminating at 1 million assigned PAQs in satisfying the dowzing of 10,000 Lynspinz at 100 slots per (think: scarcity). Money raised from the sales of PAQs will be used to fund exchange operations, website development and security, as well as to occasionally purchase YTC tokens directly from select Lynspinz in support of their brands, hodling their yaltz for at least a 90-day duration. Retention Pool: There will be a total of 100 slots for PAQs for each registered yAltcoin (yALT). Thus, if one owns 10 PAQs that are all registered to dowze the same yALT, they will receive 10 yaltz of that particular yALT for each block period they are active. If all PAQ slots for a yALT are not filled, the outstanding yaltz generated in each subsequent block will be meted to the corresponding Lynspinz, namely if there are 60 PAQs currently dowzing a yALT, the non-allocated 40 yaltz of each block will go to the Lynspinz, complimenting the yaltz that their appropriated free PAQs (#post_FreePAQs) will generate. anchor needed The creation process of new yaltz will ensue as follows: A total of 217,187,500 yaltz will be generated for each yALT over a period of 1,562,500 2-minute blocks, translating roughly to 5.95 years. After the first 781,250 block period (1/2 of the total creation period), the yaltz reward structure will change: 117,187,500 yaltz issued in the first half; 100,000,000 yaltz issued in the second half. Structure of the 2 periods is as follows: Period #1 (first half): From Block 1 to Block 781,250, 150 yaltz will be generated every 2 minutes, consistently, which is roughly equal to 2.97 years. Of these 150, 100 yaltz will be issued to active PAQs (or remaining balance to Lynspinz if less than 100 PAQs are dowzing); 28 yaltz will be set aside in a Retention Pool (to fund FIXZ, development and other functions); an additional 22 yaltz will be set aside into a Reserve Pool (#post_Reserve) to compensate each yAltcoiner possessing yaltz of closely ranked yALTs pegged to YouTube channels that have been shut down or deleted from YouTube, for whatever reason, or delisted from YTC-Sox for not meeting the minimum requirements set by YuTü.Co.in. Apportionments:
Period #2 (second half): From Block 781,251 onward, 128 yaltz will be generated every 2 minutes until Block 1,562,500 (the last block), also roughly equaling 2.97 years. Of these 128, 100 yaltz will be issued to active PAQs (or Lynspinz; see Period #1 above) and the remaining 28 yaltz will go to the Lynspinz directly. Apportionment:
Glossary: ..................... First 781,250 Blocks (half): An additional 22J will be Hashed During the First 781,250 Blocks Acting as a Reserve (17,187,500 yaltz) 10J: Faucet Pool for First 10,000 Blocks Only (100,000 yaltz meted from a dedicated yaltzet[G]) 10J: Development [et al.] Pool (after 1st 10K Blks; 5J prior) 5J: YouTube Hall of Fame (YHoF) Trusted Escrow Pool 5J: Max Supplement (augmenting 3J) to Lynspinz Depending on Ranking (criteria TBD) 5J: Max to Affiliate Depending on Lynspinz' Ranking (criteria TBD) 2J: Guaranteed to Lynspinz from Onset of PAQing[G] 1J: Founder's Pool Second 781,250 Blocks (half): 23J Minimum to Lynspinz (max 28J if no affiliate) 5J Maximum to [Usually Just One] Affiliate (splitting of shares available dependent upon an affiliate's makeup) At the end of less than six years, each Lynspinz will receive no less than U$250,000 worth of their yAltcoin yaltz if: their YouTube brand maintained minimum ranking criteria; there's an attached affiliate; their yAltcoin sustained the maximum 99 sojourning PAQers dowzing yaltz; their yAltcoin doesn't surpass trading above 1 U$ ˘ent (U$.01) per YuTüSharez (yaltz). Although it's theoretically possible for a Lynspinz to earn all U$2M worth of their yAltcoin yaltz, a realistic maximum will be somewhere north of U$281,250 if: their YouTube brand maintained maximum ranking criteria; there's not an affiliate; less than 99 PAQers dowzed their yAltcoin yaltz; their yAltcoin trades above 1 U$ ˘ent (U$.01) per YuTüSharez (yaltz). ........................ The diversification was especially prevalent among millennials (ages 25-34) as 44% of the respondents in this demographic broadened their portfolios. (https://www.ccn.com/bitcoin-is-the-gateway-drug-to-stocks-and-commodities-for-millennials) https://digiday.com/media/demographics-youtube-5-charts/ Original post below the double horizontal lines. I need BTC to make quick, nearly feeless micropayments. +1 This is paramount if we want Bitcoin to succeed. Original post below the double horizontal lines. BBanzai: You are a master with words. :) Do you think the bitcoin exchanges are any different from other financial markets, in theory? Isn't the goal the same everywhere, to do successful trades? :) "You are a master with words." +1 I, for one, love BBanzai's writing style. He has a way with drawing me into his infectious hypothesis (or plural: ses). Bitcoin: Where Liberty Blossoms[/list] Title: Re: Curiosity versus currency Post by: BBanzai on August 02, 2011, 04:40:18 AM Hypothesis? And here I thought that I was asking questions. As you like. I understand a little better now how speculators make farmers more successful, its the consumer side that I do not have a clear picture of. Competition lowers prices, consumers are people that can not produce themselves what they purchase. Theoretically they produce an excess of things that farmers do not or cannot and so trade is indeed fair. But I have seen a disconnect in this model in the real world. The consumer class does not produce much that the productive class seems to value. And so they find themselves impoverished by clever-clever people and haven't the slightest idea what happened.
Title: Re: Curiosity versus currency Post by: BBanzai on August 02, 2011, 05:00:00 AM Ronwan, I was hoping to hear your reply.
Title: Re: Curiosity versus currency Post by: ronwan on January 10, 2012, 07:44:45 AM Ronwan, I was hoping to hear your reply. Sorry folks, got busy and off the forum for a while. As was stated by others, speculators buy "and Store" crops to make money in the future. In this way consumers are helped because when we go to buy bread there is not a shortage just before harvest. It is available year round and the speculators flatten out the price bumps between harvests. How this helps farmers was explained but I hope you can see that as consumers, our current needs as well as our future needs are taken care of by speculators who are happy to store and sell food to us year round. Title: Re: Curiosity versus currency Post by: Seal on January 11, 2012, 01:21:16 AM I have never been a gambler, or traded words for indemnity. I have earned my keep by solving specific puzzles that my clients could not. The idea of arguing one's way into a paycheck is offensive to me. Studying Bitcoins is well within my demeign. Out of interest, what's your day job? |
