I dont think Schiff is the enemy you are looking for.  He is forever warning the dollar is in serious trouble and do not hold onto it certainly as savings or depending on bonds.  
He would know exactly why bitcoin has risen so much because he is warning on dollar inflation constantly.   No doubt he prefers gold but the last thing schiff wants to do is regulate or shut down free enterprise which is what bitcoin represents and facilitates.    

Part of his argument is wearing thin though, that he says well you cant use bitcoin for anything essential like paying taxes or paying your rent bill.  He should acknowledge that he himself is helping to increase its utility in some small way.   Eventually there should be a tipping point where you could use btc to buy absolutely anything, pay anyone to do work for you and also receive it as income from various business/investment/shares and bonds.  Then what, is it still not valid exchange.
   The main objection libertarians like him would have is a need for solid backing, solid exchange or worth.  Dollar itself started off being sold as solid. good as gold and through many broken promises it turned bad hence their dismissal of btc as a flash in the pan and ultimately zero value

Im just reading this thread but on the same day I noticed it was moving possibly breaking the downtrend.  It pays to be quite sceptical though and I wrote down 533 as the point which needs to break and confirm as a floor before we can really be sure this isnt just another minor bounce.

My rough take just looking again now is that it has failed to break that point.   However theres some hope so long as volume declines as the price does, it makes for a weak move.   
4 hour chart I take as most significant as it fits global timezones and varied marketplaces, obviously China can dominate at times and for the moment volume has dropped.   Ideally it would break 533 or 547 whichever and do so on greater volume then seen previously.

400 is my guess for a floor, as in dont break the ice kinda floor :p

Plenty people live long enough to lose money this way.  The 100 in cash benefits your parents effectively give you when you are born is just 2 by the time you pass it on to your grandchildren.  Some people would prefer if that wealth was still 100, they should not keep dollars then.

Almost anything lasting in comparison looks better then 100 to 2 yet this is how gov alleges tax is due, by just keeping capital its avoiding inflation tax
This is a system opposite to capitalism which is capital controlled by the people, it is now controlled in a centralised system

Yea Im not sure but I have similar.   I think it requires a quite advanced graphics card with proper shaders, some laptops will not have a full graphics card in hardware but is relying on soft functions and the wallet is unable to address that - maybe I dont know just my guess

Anyone over 50 from the UK can tell you they cut the electric in the seventies.  It was only there for business to continue really so evenings would be lights out, Uk was very poor after WW2 ended and rationing continued for about a decade

Looks good

Thankyou, I got it.  Plus my wallet has started mining again, I must have knocked it offline at some point.   Anyhow that proves the half gig log file is completely erroneous and I can delete it

30% interest rates and only electricity on 3 days of the week suggest problems in that transition.  Maybe not hyper but sterling lost far more then dollar in last hundred years

Well done you've completed your transition to join the darkside become treasury secretary


Is a farmer saving a crop for the winter a poorer man for it.  He could just sell it at market but instead he saves it.    Is he in debt, no he just saved production.  That is the origin of savings, our modern muddle of traded debt as money with more debt to pay the interest makes it all a joke.  
  In that case maybe you are correct, savings just represent a greater obligation for payment.  With nothing to back the dollar absolutely, savings just become a negative but in that case you should be saving something of worth not denying the whole idea of saved production


http://www.youtube.com/watch?v=16ywzJ3U7rg

Can I be sent a coin real quick to check my wallet is live or not, thanks

eK44ri3KkQh7dobQs72Mhf8QzFR3wdi82Y

I have a debug.log that is half a gig in size.   Do I really need to keep that or is it some loop I can jettison

wow could they not mix transactions into the work difficulty required or am I talking nonsense there because I swear I read something like that was used on one coin

If doge has got the maths wrong and becomes unsustainable in some way, could they fork it to POS instead


I thought it was much higher for some reason, all this exponential rise in asic work could or should allow for greater capacity then that

That would appear to be cheap if true.   About $411 to gain an introduction to each business over the next year is quite cheap.  Of course they have to make profit from each of those businesses and get the revenue to regain that money spent but it appears cheap for that amount of potential growth.
  Not including whatever business is already established and profitable within bitpay

I can see why they went for it though branson and the other have all split the risk and can write off a loss here against profits elsewhere and so on, this is just a punt for them

One day people will mine old landfills for hard drives like they mine gold   (just kidding )


This could relate to the float of a stock.   They only count the shares often traded, the fact that bill gates has 10% held of microsoft for years is not counted in the worth of the share so far as I know.   If he sold them then its included in the market capitalisation

I think the marketcap site started doing this partly, excluding premine and other coins that have not yet released the coins properly

Yes you can get some coins but you will need to read the first post.  Setup your wallet, post the address to the webpage given in OP and it will eventually send you some coins

Even 9 gpu will take an extremely long time to find a btc block.    Im not sure but you might even have better odds buying a lottery ticket, its comparable anyway.       There are cheap old asic that are no longer worth it but at least dont use up any power, might as well use one of those over a gpu which could be useful doing something else

Enron was about leverage, there isnt even any more coins being made so thats about stable a market as altcoins get.   There isnt any profit as such except from transaction fees perhaps, doesnt come to much as you said.
Enron collapsed as it was a false market where as this one will only die if it is not useful or is not used for some reason.  As a basic product it seems to deliver what it promises and price of that varies and is secondary to its utility.

 Enron was not a useful enterprise, they relied on deceptive practise & when that was realised of course it fell.   I can send coins fast, not sure where is the trick that BC has as it seems to do what it says on the tin

I think I received the free coins.   Seems to work anyway so I'll send pm and do the ipo on website


Transaction id: 6949183719273263636

Whats backing the debt, the issuing of more currency in many cases.   Thats an unfortunate circular relationship and what supports tax revenues, 50% of gdp is government who are in a deficit in any case.  Another problem waiting.     The big deal is you cant readily exchange your currency at the highest tiers, where governments hold trillions they have a real problem of gaining its value without upsetting their ongoing trade not with USA so much but the world which relys on dollars still



Thats from Keynes and even he didnt agree with USA as the sole regulator of world reserve currency.   The current scenario proves him right in that respect yet he is used to justify many modern practices


Savings are used, not many people are holding raw notes in any quantity.   If the money is with a bank then its a security used for their activities, even if its simply reloaning the cash at a higher rate this is a form of investment.   If a country does not spend its cash immediately, it is likely used in business.   Its probably no coincidence Japan has such large investment overseas.
       Since government can now just create money without saving, many believe it pointless to do anything else; a sharp readjustment will be a nasty wakeup probably not hyperinflation but maybe

yea it wasnt showing anything for me, entering address just reloads the page as does checker and I have not received anything in the giveaway.     Can someone send me a coin just to test, or half or whatever works - 9385235404112388273

I'd like to buy some coins and do the giveaway possibly but Im failing at the moment


[maybe it doesnt like chrome, trying ie]

Why would the price decide its fate, its not impaired in any way.    Theres more important factors then price, maybe its suffering greater competition and is no longer relevant ?    That would be more worrying for holders I guess