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1021  Other / Off-topic / Re: Do you look away whenever guys make out on tv? on: May 15, 2014, 11:32:51 PM
I force myself to watch it, even though I don't enjoy watching it: I see it as payment for how much time I spend enjoying lesbian porn  Wink

I would probably draw the line at watching two guys bumming though, I've got no problem with them doing it but I don't wanna see that shit haha!
1022  Economy / Speculation / Re: Rick James believes the end of capitulation is close! on: May 15, 2014, 01:54:41 PM
Rick James has closed his Bitcoin snort. He is preparing to go bong.

 Cheesy Well done sir
1023  Other / Off-topic / Re: Which anime do you like to watch? on: May 15, 2014, 01:44:02 PM
1. Akira
2. Armitage
3. Ghost in the Shell
4. Princess Mononoke
5. Spirited Away


Great titles!

Nice list, the order of mine would be the same, but I haven't seen Armitage (I'll check it out).

I'd probably have GITS Innocence at number 5.
I'm also looking forward to seeing a film called "Short Peace", and the new Ghibli/Hayao Miyazaki film "The Wind Rises", I am a sucker for the Ghibli stuff...

I tend to prefer full films to series, but there are some great series I've seen:

Death Note (So fucking cool)
Mushi-shi (this is so relaxing, and different to most other anime (cyberpunk, scifi) that I normally enjoy)
Attack on Titan (Bit too much talking, but otherwise great)
Berserk (Medieval style fantasy, good fun)
Full Metal Alchemist (Great story and characters, a nice change from the darker/disturbing anime)
Basilisk (Crazy ninjas with supernatural abilities fighting to the death)
Texhnolyze (dark dystopian business, great artwork, slow-paced but better for it)
Serial Experiments Lain (This is pretty abstract and slow, but very relevant to today's internet society)

This thread is great, I'm gonna try and watch some of the anime other people are mentioning!
1024  Economy / Speculation / Re: Rick James believes the end of capitulation is close! on: May 14, 2014, 11:13:33 PM



"I'm Rick James, bitc... er, I'm gonna be Rick Jame...? Hold up, Rick James can't be dealin' with no time travellin' shit, yo! You better not have slipped me any psychedelics bitch, you know I freak out! Wait, what you say? May 2nd, 12 noon? And I'll be Rick James again?"



SUPERFREAKY!
1025  Economy / Speculation / Rick James believes the end of capitulation is close! on: May 14, 2014, 10:35:05 PM
And that we'll be going up soon:

1026  Bitcoin / Bitcoin Discussion / Re: Investopedia wants to know if 1 Bitcoin could be worth $1 Billion USD? on: May 14, 2014, 06:46:00 PM
He is thinking that a billion = 10^6, not 10^9. Remember, in some countries, million & billion are switched around in their meanings.

I don't think any countries "switch" million and billion, I know some countries call 10^12 a "billion" (ie a million million). Could be a typo though, I've heard this pricing argument with 1 BTC=$1m quite a few times, I don't think it will happen though, any price over $100,000 is pretty damn unlikely for the next 10 years IMO.
1027  Bitcoin / Bitcoin Discussion / Re: Survey for the UK - Help me with my exam - United Kingdoms on: May 14, 2014, 06:39:38 PM
Done  Smiley

To clarify I have bought from Mt. Gox, blockchain.info, localbitcoins and Virwox (paypal>linden dollars>BTC). I sold some on Gox ~1 year ago. I stopped using Gox when I heard about fiat withdrawal problems, and if I were to sell any today I would probably use localbitcoins.

Cheers
1028  Economy / Economics / Re: What reserve ratio do UK commercial banks require to lend/create money? on: May 08, 2014, 08:18:16 PM
Think it averages out at round 10-15%
Diff ratios for diff kinds of capital

Yes, these different ratios for different capital is what "Basel III" rules state I think. The problem in 2008 was that a bank needed ~equal capital to lend a business loan, whereas they only needed ~10% for a mortgage loan. So obviously they lended far more mortgages than Business loans, leading to the crisis.

So Basel III changes this setup, giving more lenient leverage to business loans, supposedly to aid economic growth.

However, is it true that commercial banks can simply borrow  money form the central bank, if their capital deposits dwindle (ie by selling pensions/mortgages back to the central bank? (I read this somewhere, can't find the source). if this is true it could very easily implode IMO.
1029  Bitcoin / Bitcoin Discussion / Re: Is Russia really pro-Bitcoin? Or is RT just acting as controlled opposition? on: May 08, 2014, 08:06:42 PM
I think Keiser really appreciates (still) the elegance of crypto technology and how it could theoretically change world economics for the better. He blatantly does do some pumping and dumping IMO however (well it's already made him rich, right?) And he can get very dramatic (that's one of the reasons I enjoy watching his shows though tbh hehe).

But I'm not just talking about Max Keiser - most of the Bitcoin articles on RT online are pro, yet the Russian's officiial stance is still anti, amirite?
1030  Bitcoin / Bitcoin Discussion / Is Russia really pro-Bitcoin? Or is RT just acting as controlled opposition? on: May 08, 2014, 07:45:57 PM
OK, so I've seen a lot of articles proclaiming Russia's anti-bitcoin stance, but Russia Today seems to be extremely pro-Bitcoin.

But aren't they controlled by the Kremlin?

I would say either RT is acting like "controlled opposition" here, appearing to allow pro-Bitcoin reports to undermine the US+Western regulations, or Russia itself is pro-Bitcoin. My money's on the former.

Discuss.

1031  Bitcoin / Bitcoin Discussion / Re: [FAQ] Is BitCoin a Ponzi or pyramid scheme? (Newbie-Friendly) on: May 02, 2014, 07:39:32 PM
I am a newbie here. My question is if Bitcoin is still a good currency, not yet a ponzi?

If it wasn't a Ponzi to begin with, then it can't magically turn into one 3 years down the line unless someone were to somehow take control (which is impossible with Bitcoin), so no, it's still good.

I didn't notice the necrobump till I'd read 90% of the thread! Just goes to show that the fundamentals haven't changed much in the last 3 years.
1032  Economy / Economics / Re: What reserve ratio do UK commercial banks require to lend/create money? on: April 30, 2014, 09:05:07 PM

Thanks, I've previously read the Wikipedia link but not that article, interesting.

I think I'm getting the idea of capital requirement, been reading about the Basel Rules in detail. So it's basically similar to reserve requirement, but weighted differently for different types of loans and assets, right?
1033  Economy / Economics / What reserve ratio do UK commercial banks require to lend/create money? on: April 30, 2014, 08:34:31 PM
So we all know that commercial banks create new money out of thin air, in the form of loans and mortgages.

My question is what fraction of loans must they hold in reserves/deposit, and who enforces these regulations?

I thought the figure (in the UK) was between 1% and 10%, but I've read in a few places that there is no technical limit, and that commercial banks can basically lend out as much as they like, no matter how little they hold in reserve. Obviously they run the risk of becoming insolvent if they do this recklessly.

According to Wikipedia:

Quote
Canada, the UK, New Zealand, Australia and Sweden have no reserve requirements.

This does not mean that banks can - even in theory - create money without limit. On the contrary: banks are constrained by capital requirements, which are arguably more important than reserve requirements even in countries that have reserve requirements.

I'm trying to get my head round the details of "capital requirements" right now, the definitions are a bit complicated. I hope someone can enlighten me!  Smiley
1034  Bitcoin / Bitcoin Discussion / Re: In Your OPINION, What is the best way to use BTC to net more BTC? on: April 21, 2014, 06:22:01 PM
Learn how to play poker, then go on sealswithclubs.eu and quadruple your bitcoin stash.
That's what I did, but bear in mind I've played poker for many years. I'm not amazing, but I know my way around an online poker table.

Yes it's gambling, but poker is probably about 60% skill, 40% luck - a lot better than most other forms of gambling.
1035  Economy / Speculation / Re: Little birdie !! on: April 20, 2014, 08:58:16 PM
So to get this straight, you are saying that there will be multiple dumps, causing a drop in value to $130-$170 per BTC?
Then there will be big buys from the "BIG BOYS", pushing the price back up again?

Are these the same BIG BOYS selling, as the ones that will be buying after the capitulation?

I think you want cheap coins mate, good luck with that  Cheesy
1036  Other / Politics & Society / Re: Happy Easter - Wilikon Style! on: April 20, 2014, 07:24:37 PM
Most excellent picture/music combo, happy zombie jesus celebrations!!

Coincidentally I got my old flute out the other day for the first time in years, and learnt the flute lick from "3 Kilos" off the same album, love the old Prodigy shit!
1037  Other / Politics & Society / Re: Open Source Plans for Modern Tesla Free Energy Generator Released to Public on: April 19, 2014, 02:49:52 PM
I was hoping to see actual plans for this "QEG". Unfortunately the linked PDF contains no plans, just a bunch of new-age pseudoscience. It even contains a section which explains how bumblebees can fly (you remember the old, disproven myth that bumblebees break the laws of physics  Roll Eyes)

Quote
Next to the larynx in the bumblebees throat, there is a tiny hollow tube that acts as a resonance cavity that accumulates frequency. When the bee starts beating its wings, it does this to accumulate frequency which bounces back and forth in the resonator cavity until it reaches the same frequency of the earth, known as the Schumann frequency.

Once the bee reaches the same frequency as its surroundings it evens out into what is known as zero point. When anything reaches zero point you can then change the energy. The bee is now free from the gravitational influence around it, creates its own little magnetic bubble and hovers around.

"accumulating frequency", "evens out into zero-point" haha great stuff  Cheesy Cheesy
1038  Economy / Goods / Handcrafted Cute Needle-Felted Animals, Jewellery, Prints. Commissions Accepted! on: April 09, 2014, 04:07:51 PM
I got a UK-based artist friend of mine to start accepting BTC!

WEBSITE HERE

There isn't a payment system set up yet, just email her for quotes/commissions etc.

She can do custom felt animals (recently did a few felt versions of people's real life pets!) including a lot of cute birds. I personally ordered 2 beautiful abstract prints, limited edition in frames (pictured at the bottom).

Here are some examples of what she does, as I said email her for any enquiries at all.






1039  Bitcoin / Bitcoin Discussion / Re: Bitcoin does The Metal (Tenacious D) on: April 08, 2014, 03:09:16 AM
"Karpeles tried to eat the Bitcoin, but Bitcoin was much too strong!"

 Cheesy
1040  Other / Politics & Society / How To Politics Really Good! on: April 07, 2014, 11:57:06 PM
How to POlitics Really Good by Oliver aged 24

 Grin
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