I thought you were an early adopter and one of the oldest bitcoin miners ever?
If true you should:
1. Know this stuff already.
2. Not want to mess with your own massive bitcoin holdings by coming up with a competing currency.
Unless there is some logic that I am not thinking of here?
Yes that is correct. I am the oldest miner and the earliest of all early adopters. Doesn't that alone tell you something? It tells me that this is either an april fools joke or you've lost everything gambling. |
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anyone seen the 2nd amendment?
so rare that things priceless these days
Always was. |
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Encrypt your wallet, and do it well.
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Considering how many Russian mafia fortunes were stolen, I wonder how long it will take before EU ministers are found dead in an alley with needles in their arms; or their grandkids are taken in retribution. Really, Russian mobsters are the last group that I'd think that a bunch of socialist leaning politicos in Brussels would want to upset.
Socialist leaning politics in Brussels? You are speaking about Merkel and her Troika friends? If they are socialist leaning your Ron Paul is a communist. I was being literal. Fascism is a form of socialism. In my opinion, the worst flavor. |
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Considering how many Russian mafia fortunes were stolen, I wonder how long it will take before EU ministers are found dead in an alley with needles in their arms; or their grandkids are taken in retribution. Really, Russian mobsters are the last group that I'd think that a bunch of socialist leaning politicos in Brussels would want to upset.
You didn't hear? They all got out. The banks involved all had branches in London and elsewhere and "accidentally" forgot to notify those branches about the freeze until all the Russian oligarchs finished cashing out. Oh, I see. So in the end, only the honest businesses, doctors, lawyers and such got the shaft. That sounds about right. |
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You're more likely to burn out your machine than succeed in mining anything.
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WTF JUST HAPPENED?
We now have 1 less early adopter.
Wasn't me. I was broken last week. |
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Considering how many Russian mafia fortunes were stolen, I wonder how long it will take before EU ministers are found dead in an alley with needles in their arms; or their grandkids are taken in retribution. Really, Russian mobsters are the last group that I'd think that a bunch of socialist leaning politicos in Brussels would want to upset.
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*Even if so, that's still set to reach $100 within a month
Won't happen, because we've probably topped out for the year. $100 is too strong a resistance point and now that a big player has decided to make a move, more will follow. It's all downhill from here for a long while, I think. Nope... http://www2.egovlink.com/press-release-bitcoin.cfm |
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Wow. Just, wow.
If this is not a joke, then it's a huge step forward for bitcoin.
I assure you, it's not a joke. The next step is for a municipality to step forward and ask us (E-Gov Link) to enable Bitcoin payments. And so if some citizens contact their local city hall / town hall / township / village hall administrator, and say "hey, why don't you accept Bitcoins", then maybe the progressive ones will give us a call. Feel free to direct them to the press release and to our website. http://www2.egovlink.com/press-release-bitcoin.cfmYou guys have to have been working on this well before the FinCEN guidance report. |
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Wow. Just, wow.
If this is not a joke, then it's a huge step forward for bitcoin.
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For someone who, apart from some mental issues, seemed to be the personification of the 'Randian Hero' Atlas ended up not getting much love around here.
I thought the Randian Heros actually created something in those stories? All Atlas did was expose everyone to his diarrhea of the mouth! He was actually more like the villains who just sat around and talked. Exactly - Atlas had all the ideas of the "Randian Hero" but he possessed absolutely zero followthrough to his ambition. Which sort of misses Rand's point. I do think that Atlas put forward some ideas and ambition that OTHERS actually wound up acting on - often with substantial changes, but he put things out there and drove the community in the early days. IE I think bitcoin's trajectory might have been quite different without Atlas for all his flaws. I doubt it. Atlas was an idea man, for sure, but just because he thought of some things first doesn't mean that they wound't have been thought of by others in due course. |
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While I share the belief that bitcoin or something very like it will play a major role in the future, I think the road there is going to be a lot rougher.
I imagine we will see a huge boom then a bust, after that those who stick around will build the meaning full economy that will allow bitcoin or its successor to dominate.
this was "visionaire". Somewhat ironic, perhaps, that the author of that quote hasn't been active on here since August 24th 2011. That was Atlas, who had many alt accounts (~23 last I heard, likely more through proxies) that he jumped on when he made an idiot of himself/got too many ignores/forgot to take his meds/whatever. He did leave 4-5 months ago though. I've probably jinxed it by saying his name and he'll be back tomorrow. For someone who, apart from some mental issues, seemed to be the personification of the ' Randian Hero' Atlas ended up not getting much love around here. I didn't mind him, but he was young and prone to aggravate both friend & foe alike. |
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It's more than possible, it's likely, IMHO.
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It's not better, nor worse, for society at large. That's actually impossible. The "market cap" of an economy is simply a reflection of the total wealth of that economy. It doesn't matter so much who happens to possess that wealth, from an economic perspective. Distribution of wealth actually matters very, very much. Politcally and socially, sure. Economicly or mathmaticly, not so much. But thats not the point Im making, as it isnt about wealth; its about availability of credit. You (usually) dont get significantly more or less wealthy if you invest your credit money for instance in the stock market. But what you do achieve is making credit (ie money) available for businesses and generally thats a good thing for the economy. If everyone would hide their fiat under their pillow you would have a problem. Thats why I say the small disincentive inherent to inflationary credit money is actually a good property for the economy at large.
You're missing the point. Credit availability is a problem for whom? I'm not trying to be a jerk, I'm trying to be a better economics professor than you apparently have been exposed to thus far. The classic method involves asking questions of the student, in order to lead them to a deeper understanding of the topic. Economics is more than mathmatics or statistics, it's people, so both the who and why does matter. Moon I'm having trouble understanding your two statements in relation to each other. They seem to be contradictory. In your eagerness to teach, you may have been a bit unclear. The way I see it, economics is both social and mathematical science, and from that perspective, the distribution of wealth matters very much. I agree with you that the who and the why does matter. . That quote is taken out of the context of an ongoing conversation. The basic point is that, while economics can't practically be separated from the social aspect (a core premise of Praxeology, BTW), a great many modern 'economists' (Krugman being one example) will in one article discuss the mathmatics as if the social context of such events doesn't matter while in another article discuss their political ideology as the 'logical' outspring of rational economic thoughts & theories. It does matter how wealth is distributed across society; to every ideology, but it doesn't matter to most Macroeconomic theories commonly preached by higher academia. The mathmatics becomes an abstraction, and the social context is lost in the numbers. |
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it really isn't worth arguing, but just one more question and then i'll leave it alone...how long you think you're power will be on if the 'Internet' fails? again, i should just shut up, but talking about proposing any network to simply act as a 'backup' for the internet just doesn't make sense in my world...but who knows what works in your world...
I was once an electritian in a former life, and I have experience with solar arrays, dc power conversion & ham radio. So, yeah, I think I can manage it. |
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It's been a couple of months since I last email those guys, but last I checked, they claim that they are still only a couple months away from release. I've grown accustomed to disapointment. |
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I'm talking about the Internet...seriously, maybe you have some secret knowledge i'm not aware of, but what are you going to overlay 'your' particular flavor of mesh onto?
Nothing. We're talking about backup infrastructure for bitcoin. |
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Newbs! Bitcoin doesn't require internet access to transact, but it does require a connection. A packet radio connection, or modem connection over ham radio would work fine for spending. It wouldn't work as well for mining. BTW, I wasn't talking about the "web" either. Try reading a bit more before you display your ignorance, please. EDIT: A pair of android based bitcoin apps connected across a piratebox ( http://wiki.daviddarts.com/PirateBox_DIY) and two people can transact in meatspace miles from a working 3G signal. |
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