I still find it funny that this thread continues on.
If you support democracy, then you should realize that this thread has already determined that democracy is a bad idea via a democratic vote.
The majority has decided.
You've repeated this enough to make me worry that you may actually be serious, that you may actually think an anonymous poll on a libertarian forum means anything. Perhaps we should ask the Ubuntu forums if Microsoft Windows is a good idea? There are plenty of smart objections against democracy. Read them. Frederic and I might not agree but at least he has engaged in intelligent, good-faith discussion. Not this wiseass strawman argument ad nauseum. I comment because I think it is funny. I made this thread as a joke to make a point. I guess it went over people's heads. |
|
|
|
|
When I was in Iraq in 2005 the same rumblings were going on. An attack was imminent at that point too.
|
|
|
|
|
Thinking out of the box here a little bit...
A sweet phone app would be to have a Bitcoin wallet tied to your debit-card. The app would show your balance in BTC and in $.
When you want to spend BTC you use the app to send a payment. If you want to pay in cash you transfer some money to the card and pay with the card.
Of course, ideally the best thing would be if you could go from cash on the card to BTC.
|
|
|
|
|
The price will fly past $32 by the middle of next week on its way to $1000/BTC where it will hold steady for about 2 years.
|
|
|
|
Only a small percentage is traded on the exchange. That small percentage is where the price is set.
It would be like me drawing a picture once per hour. I hand them out to my family members. Some hang them up, some stick it in a drawer somewhere, some give them to friends and one gets sold to a neighbor for $1.
With me making new pictures every hour, the price of those pictures will not decline by $1 per hour. There will be no need to have at least $1 worth of buyers for every picture in order to maintain that price.
I could give those pictures out to other family members or the same ones who put them up on more walls or toss them in the garbage and whatnot.
That 'small percentage' sets the 'price' because it is much larger than the percentage of the exchange market for socks/BTC, web design/btc, MDMA/BTC... etc. It is the case for every single monetary system. M0, the 'money' that is actually available to be 'spent' on goods and services is a small percentage of that in financial instruments. Only about 1/6th of Bitcoins are located in the exchanges on a daily basis. Um, no... That is just what you see in the order book. 1/6th is based on the calculation done in this thread: https://bitcointalk.org/index.php?topic=45977.msg548650 |
|
|
|
It would completely fill a niche if a major game in development used Bitcoins for their in-game currency. They already have exchanges set up for in game currencies. They might as well just use BTC and allow players to use it. Also, I used to play these strategy games on my phone that pretty much had the same theme. You work your vampire/mob boss/zombie/etc and he gets experience which he then uses to buy at token/diamond/gem/etc to get better stuff in the game. You could, of course, purchase more tokens/etc to advance quicker. Which is where they got their money. But we could create an open source type of game like this where you need to spend BTC to get more tokens. Edit: I have created a Bitcoin Pool for anyone who wants to see something like this developed. Signing up is easy, you only need 10 mBTC to join the discussion (the 10 mBTC stays in your wallet). http://www.bitpools.com/?Video%20GameWith enough interest we can get something working. Let's do this. Here's an example of how it would work for developing a video game: http://www.youtube.com/watch?v=ETCP8NeXasY |
|
|
|
|
Anyone who has a Bitcoin is part of that .1% of the world's population that holds Bitcoins.
The true elite.
|
|
|
|
Only a small percentage is traded on the exchange. That small percentage is where the price is set.
It would be like me drawing a picture once per hour. I hand them out to my family members. Some hang them up, some stick it in a drawer somewhere, some give them to friends and one gets sold to a neighbor for $1.
With me making new pictures every hour, the price of those pictures will not decline by $1 per hour. There will be no need to have at least $1 worth of buyers for every picture in order to maintain that price.
I could give those pictures out to other family members or the same ones who put them up on more walls or toss them in the garbage and whatnot.
That 'small percentage' sets the 'price' because it is much larger than the percentage of the exchange market for socks/BTC, web design/btc, MDMA/BTC... etc. It is the case for every single monetary system. M0, the 'money' that is actually available to be 'spent' on goods and services is a small percentage of that in financial instruments. Only about 1/6th of Bitcoins are located in the exchanges on a daily basis. |
|
|
|
|
So...you get a reloadable debit-card...do you load it with Bitcoins?
|
|
|
|
|
Only a small percentage is traded on the exchange. That small percentage is where the price is set.
It would be like me drawing a picture once per hour. I hand them out to my family members. Some hang them up, some stick it in a drawer somewhere, some give them to friends and one gets sold to a neighbor for $1.
With me making new pictures every hour, the price of those pictures will not decline by $1 per hour. There will be no need to have at least $1 worth of buyers for every picture in order to maintain that price.
I could give those pictures out to other family members or the same ones who put them up on more walls or toss them in the garbage and whatnot.
|
|
|
|
Absolutely brilliant. Elwar did you actually make the second one? It seems most of the statists on these forums are some form or mixture of "public mandate", "love it or leave it", "entitled", and "the deluded".
Yes, except minus the extreme American patriotism in the "love it or leave it" category. I've decided next time some statist complains about corporatism or greedy Wall Street execs I'm going to tell them to stop complaining or GTFO because this is the system and no one is forcing them to live in this country. Or point out that their whole idea is moot because they use the product of some corporation. "Well you wear clothing that is made by a corporation! What a hypocrite!" Similar to the argument I always hear about driving on the government roads whenever I complain about government. As if only a person who lives on an island can complain about the government. |
|
|
|
|
I still find it funny that this thread continues on.
If you support democracy, then you should realize that this thread has already determined that democracy is a bad idea via a democratic vote.
The majority has decided.
|
|
|
|
|
It already has...and it does not like you.
|
|
|
|
|
My economics teacher in college mentioned that there is only one company in the United States that has a full on monopoly.
That company is the company that creates the little white collar things for priests.
|
|
|
|
How can you bailout BTC currency?
He cannot. But Obama can. It is time for the Bitcoin CEO to request a bailout.  |
|
|
|
I see you in the reflection. Going to do some CSI digital reconstruction to reveal your identity via the reflections.
Seriously though pretty cool idea. Would be good for passing bitcoins to heirs. In clearing an estate they may not know what a bitcoin is but the bar looks valuable so they might ask questions, questions they might not ask about a piece of paper thas says important bitcoin private keys.
 |
|
|
|
|
This chart shows that I need to buy some more Bitcoin so that I am up there with the elite.
|
|
|
|
|
There used to be a website called theobamaforum (it is still a domain but the real site taken down).
The web host had to jump from hosting service to hosting service because the site basically revolved around calling out the Obama administration in a very satirical way that cut to the bone (lists for children to turn in their parents for not supporting Obama, a list of anti-Obama websites, talk of the wonders of socialism/communism and one world government, calling any dissenter a racist anti-semite, etc).
It got hit by most hosting services because its controversial nature.
Would such a site be able to go up and stay up under an anonymous hosting service? Even with letters from large lobbying organizations and cease and desist orders?
The guy had the site hosted offshore but even they had to take it down due to the amount of heat they were running into.
|
|
|
|
|
^
/ \ ^
/ \ / ---------------^
/ \ /
/ \____/
my expert analysis
|
|
|
|
One of the reasons companies take over other businesses is that you get an economy of scale that prevents newcomers. So in your scenario, unless the company can get an economy of scale to drop the price to a point that prevents newcomers, they won't do a takeover.
There is a never-ending flow of entrepreneurs who wish to go into business for themselves, even if it means sinking their own money into it and losing it all. The biggest thing that helps big business and hurts small business is government stepping in and helping the big business by putting restrictions which the big established companies can suck up while the small companies cannot get past. As well as subsidies and favors for those big businesses. |
|
|
|
|
Show Posts
