UID: 124876
Bitcoin address: 16BcbGtBgrRbDbGrtnWnVfFM36ENfadLa5
Starting Post Count(including this post): 1143
Forum Rank at time of entry: Hero

Let me know where/if you can slot me in this month

I would guess less then 5%

Boosting takes alot longer.   See price below

That makes him an idealist not a master criminal or anyone who is danger to society.   He was treated like a political prisoner in a dictatorship

If anything Im more inclined to believe he was correct and this government can only enforce itself by threat and violence not by laws and standards of a democracy where any are free to peacefully protest

Irwin Schiff passed on the 16th, a pretty sad reflection on society


http://www.zerohedge.com/news/2015-10-19/peter-schiff%E2%80%99s-father-dies-prison-shackled-hospital-bed
http://www.nytimes.com/2015/10/20/business/yourtaxes/irwin-schiff-fervent-opponent-of-federal-income-taxes-dies-at-87.html?_r=0

wowsers, reminds me of the guy who mined like 100 btc and left the wallet on an old hard disk.  Forgot all about it, then threw away the disk, after years then realising its at the local dump.  Not much you can do if people have moved on, virtual money down the sofa back.

I cant remember my slush cz account just I know its barely got anything maybe a few nmc

Does that exclude the idea of solo mining and getting lucky, or are the odds on that so unlikely its a joke


THats not stupidly high, its just not cheap.  Some places get cheap elec from hydro generation so thats the best place to live.    Its fair to warn people and difficulty will probably keep rising, there is the slight possible that bitcoin goes back to 1,000.     Ive given up near term on the idea but if stable the coin economy can come back longer term if the world has a demand for its uses

Its a shame it went all industrial, all the miners being in one giant warehouse does not seem as secure system as global distribution by its own users imo

They are already there, UK has quite a few Muslims from Pakistan and Somalia as former territories in the British empire.  Its not such a problem if people stay within their faith not the radical extremes
Eugenics is a strong belief by quite a few intelligent people, that killing off the perceived weak can only improve the average available to the general population, was not an idea defeated in war.  Unfortunately even a genetically perfect individual can be an idiot and a waste to society

I think its a bit funny bitcoin rates as durable as gold, hard to compare really and gold is not easily transactable so I cant just walk into a jewellers and pawn off the gold because it seems thats possible in most parts of the world.  I dont quite get the logic that btc is easy because you just use an exchange but I wouldnt just do a similar trade with gold

Federal Reserve restore rates to 15% or more as they did in 1982 during a dollar run.  If they do that then yea possibly consider taking the interest, its not disloyal as any capitalist system is based on open competetion.  

However FED can never do this, I doubt they ever goto 5% even as US treasuries could not be refinanced at the higher rate without unbalancing the budget.   There is not enough tax income to undo QE so we are never going to raise rates again voluntarily.  This alone makes holding bitcoin even after its fallen so far, a far more reasonable proposition then normal economic circumstances.  Zero rates is very abnormal

USSR banned dollars but it didnt stop them being used anyway.   I dont think its that simple, it depends on the bitcoin economy outside the reach of the ban.   Bitcoin is banned in some countries usually where dollars are restricted in their circulation
Also you have to weigh the usefulness of bitcoin between people in that banned country territory.  If somehow the currency saves them alot of work, stops losses from their flawed national currency then you have alot of demand and people will find a way usually.  Bitcoin wallets I think can be passed on usb sticks if need be though it requires more trust, its possible distribution continues anyway even if it were possible to restrict from any live network

I dont carry cash like that, you are putting a bounty on your own head.  If you are ready to give it away freely then carry on.   Even the police act suspicious of people who carry their cash worth with them and the law says they can confiscate indefinitely without ever bringing charges which has to be the nastiest official tax I ever heard of.   Meanwhile bitcoin is borderless, if we are literally talking floods then even cash is useless as you want food and fuel and these are true tradable items

I think if selecting only 1 it has to be speed that is most important.   A product like this has to be fast and easy to use, no hassle.   Yes obviously secure and so on but I think the core of bitcoin is for simple relatively cheap transactions

They cant really give this up, its alters the base for the currency and people would just lose faith I think and imagine further devaluation.   There should be side chains if possible of new coins for different purposes, thats an optional thing for everyone and not diluting the long term

Come on, Genius ?    Its not that clever and they really didnt invent the system in effect.   Its just an elaborate raffle, if I hold up a lovely brand new car 5 litre Turbo, it does 200mph.  It looks amazing, two tone paint work, all chrome leather seats whatever but to make its cost is 50,000 dollars.   Alot of people want it, then I go sell raffle tickets worth 1 million dollars Iam a genius but more accurately a salesman exploiting, obscuring a misunderstanding in the terms by those hoping to win.   Nothing special, this is done all over the net, TV everywhere people use the viewers poor maths to take advantage.   1 person wins, a few people gain from the system, the salesman gets his cut but in the main its raffle owners who get to spend a free 900k

Thats all the FED has done, they over leveraged and the raffle is yet to be settled but they already have charged ticket prices and the money is spent.   The amount of lustre attributed to holding dollars is unparalleled, its not a unique product and value is momentary.    To unwind now would take the same taxes but no services by government, an army only locally militia based and so on.  Feasibly it would take decades to pay back even with no spending I believe, its not possible and growth to meet the cost is not likely without some dramatic move like USA gov copyrights power stations using nuclear fusion for a great free energy export

Not a central bank but competing banks with varying schemes of investment and capital reserve would improve reliability.  They would be more justified then merely operating the worlds most powerful army as a qualifier.
As we have now, all banks report to one and its a top down system less independent, less able to adapt to change and more subject to fracture under pressure

^^ I agree with that much, its positive and negative that bitcoin is more volatile but also more versatile and easily adapted.  Its ability to accelerate in usage is massive because that is the nature of technology.    So when you meet great potential, ability to distribute widely mixed to a fixed unmoving population of coins, the squeeze is the price due to demand vs supply so yes massive upside.
 Bitcoin is exponential vs Gold which is really linear in how its produced each year in fairly even fixed amounts though also subject to technology in mining its variance is quite low year to year Also demand for gold is quite smooth over the years, for many centuries each generation values gold as a rare demanded product despite it being not industrially used but this theme continues even while we expand the element table and invent new compounds this base metal is still wanted.  So both ends fairly matched supply demand make it different to bitcoin

I know speculatively both can spike, Im not arguing near term which is apparent to all of us more just the life term view of each product.


Gold should show as very stable over time.  If you saved for your pension over your working life and only used gold it should retain your purchasing power in old age.  Its not a growth product, its really just worth because its so stable.  
Put that into a spreadsheet, 5% of earnings into gold every year for the last 40 years.  I'll do it if nobody else does but Im sure already every period it works for saving value, I'd be surprised to find otherwise.
   Its valued for this stability, inert and a market which never really alters unlike technology which is growth and many redundant products, we have to consider bitcoin might be transitory in a path to greater products
Not saying it was never valid for some years but its possible it ends that way still

Also a chart labelled Macrotrend but showing 4 or 5 years, is an oxymoron  

The Yankees are already in the UK with military bases, thats part of NATO and I dont think anyone wants that to change.  UK is in cyprus and Germany though less so since the wall fell.  I thought the reference was Russia invading Europe but its not going to do that as its no longer strong enough or likely to benefit.
   Drastic measures like this is unlikely on all sides, the devastation I foresee would be a natural phenomena as a consequence to the hollowing out of value in national debt and notes.   The alternate view is we stagnate like Japan has for over twenty years, I dont see that occurring worldwide and there should be more friction.   In a few countries now the population is in majority under thirty years old and it requires growth not just as a policy or ideal but to live.  So there is a force for change perfectly natural probably just a repeat in history is at that some point everything much change

never attribute to malice that which is adequately described by incompetence . 

Patron saints of this thread rightly so I think and no doubt big hodlers of many bitcoins



https://en.wikipedia.org/wiki/Glenn_Hoddle#England_international_career

Organic growth would not fall so quick, a forest does not rise and fell in one day or even a week even if forced.   Thats the problem that bitcoin is new and mostly a velocity driven economy so maybe it is all dump and pump in majority

My rough take on the poll question is that there is a range from 220 to 290 in recent history at least with 278 being a previous sharp low.  (previous lows tend to mark future highs if breached)  Its more normal to stay within a range till volume or some element of demand forces a new paradigm

Bitcoin is dominated by speculators and not underlined by enough genuine commerce could be one criticism.  Is that trend increasing or declining would be interesting to observe though, surely we have less speculators post gox then prior

10 mill views on this thread is kinda impressive 

Can UNIX update without a reboot though.  I agree linux is good, tried ubuntu recently but its not perfect and not friendly enough for the average person though it could work in a business if 1 person were giving support, its really close to home userable now


Vista was good, ok then    to be fair i think was the drivers that bothered most, I skipped the whole thing till win 7

DOS was not even a windows and it never crashed so no!



WIN ME was actually good to start, literally it took a few seconds to reboot which was nice.   However it melted into oblivion after a while, Ive no idea why it fell over.  Was the whole OS based on a browser maybe, I remember you could animate the desktop background.  I had a drifting weather globe till crashing continually