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1181  Bitcoin / Bitcoin Discussion / Re: Are bitcoins your dirty little secret? on: July 26, 2011, 02:40:55 AM
yeah, going along with what she tells you to do is a sure fire way to win respect.  news flash: women already have pussies, they don't want another one.
1182  Bitcoin / Bitcoin Discussion / Re: Houston, we have a Major Problem! on: July 24, 2011, 07:30:06 AM
I has a question about interest!  Instead of learning from any of the many available sources that are the hallmark of the internet age I will spew crap on forums!  TALK GOOD, READ BAD.
1183  Economy / Economics / Re: low price because of repeated large sells on: July 19, 2011, 12:08:11 AM
losing 24% of your wealth in a span of 30 minutes. 

You can't deny that all it takes is one of those 3-4 individuals to make a massive sell orders for bitcoin to decrease say another 25-50% almost instantly.

I believe this will happen several times, but once it is done with the massive upside will start to rear its head.
1184  Economy / Economics / Re: low price because of repeated large sells on: July 18, 2011, 10:36:03 AM
there are still at least 3-4 players with 100k+ coins.

Few are interested in a market where one person can crash the price at will.
1185  Bitcoin / Bitcoin Discussion / Re: In which way bitcoin can change the future? on: July 17, 2011, 12:29:38 AM
discussing the nature of reality on a bitcoin forum probably isnt the best use of my time.

How can you be so sure when you don't understand the true nature of reality?

speak for yourself.
1186  Bitcoin / Bitcoin Discussion / Re: In which way bitcoin can change the future? on: July 16, 2011, 03:02:17 PM
thorium reactors, space elevator, and asteroids.
1187  Bitcoin / Bitcoin Discussion / Re: In which way bitcoin can change the future? on: July 16, 2011, 12:11:04 PM
discussing the nature of reality on a bitcoin forum probably isnt the best use of my time.
1188  Bitcoin / Bitcoin Discussion / Re: If you guys want Bitcoin to heat up again .... on: July 16, 2011, 10:05:24 AM
what bitcoins really needs is for people to stop trying to pump it up.  healthy economies grow naturally.  not from get rich quick hysteria.
1189  Bitcoin / Bitcoin Discussion / Re: In which way bitcoin can change the future? on: July 16, 2011, 08:34:55 AM
With reference to a number of great posts above, with bitcoin it would also take half the time to develop faster than light speed travel technologies, as compared to the present scheme with middlemen leaching a few percent from every other transaction.



FTL violates causality.  Acausal universes probably can't harbor life.


Of course, but hey... not so long ago people were as sure as you now on the above that the Earth is flat.

Moreover, even if your statement is true, this does not make my statement false i.e. there is nothing wrong in the following formula:
 
  infinity/2



see the church-turing thesis.  uncomputable reality isn't really worth considering since it's unprovable.
1190  Bitcoin / Bitcoin Discussion / Re: In which way bitcoin can change the future? on: July 16, 2011, 05:23:24 AM
With reference to a number of great posts above, with bitcoin it would also take half the time to develop faster than light speed travel technologies, as compared to the present scheme with middlemen leaching a few percent from every other transaction.



FTL violates causality.  Acausal universes probably can't harbor life.
1191  Bitcoin / Bitcoin Discussion / Re: In which way bitcoin can change the future? on: July 16, 2011, 05:20:19 AM
Neal Stephenson introduced an interesting idea of 'phyles' in his book Diamond Age:
http://en.wikipedia.org/wiki/The_Diamond_Age

These are effectively economic tribes.

I could see 'bitcoin users' becoming a phyle.

Say I go on a trip to New Zealand for 3 months and rent my accommodation from a 'bitcoiner'.   Then I hire a car off another 'bitcoiner'.
Effectively we have all joined one international like minded phyle.  There is money changing hands, but no pounds, euros or dollars.


 

Yes, bitcoin could effectively make the internet the first non-geographically contiguous country.

also about paypal: yeah Peter Thiel is awesome.  One of the few people in the world who genuinely cares about the future even when caring about that future signals weirdness to others.  He is the biggest supporter of SIAI and supports SENS (people working seriously on friendly AI and radical life extension respectively).
1192  Economy / Speculation / Re: What's up with the inflated bid/asks volume? on: July 15, 2011, 11:03:54 AM
that's exactly what I'd be doing If I had 10k+ coins.  The market woud move downwards out of fear and you could rebuy and make a profit.
1193  Bitcoin / Mining / Re: [H]ard|OCP bitcoin mining GPU performance comparison on: July 15, 2011, 01:12:43 AM
The cheap 5850's from earlier this year were the best ($129)

I just wish I had bought more of them.
1194  Bitcoin / Bitcoin Discussion / Re: Gold Not Money According to Fed -- It's an Asset on: July 15, 2011, 01:06:26 AM
if bitcoin fails I will blame it on the early adopters being economically illiterate.  thanks for the laughs though.
1195  Bitcoin / Bitcoin Discussion / Re: Support U.S. HR 1098 Free Competition in Currency Act on: July 14, 2011, 11:07:00 PM
I think you should be clear: using/possessing bitcoin right now is not a legal grey area, it is very clearly legal.

not necessarily true for merchants.
1196  Bitcoin / Bitcoin Discussion / Re: Worlds First Bitcoin Tattoo [NSFW] on: July 13, 2011, 09:38:33 AM
Humans are products and we market ourselves to each other all the time.
1197  Bitcoin / Bitcoin Discussion / Re: Mining for the Sub 1GH Rig a thing of the past? on: July 13, 2011, 08:41:32 AM
yes, because mining as a full time job is the only smart move  Roll Eyes
1198  Bitcoin / Bitcoin Discussion / Re: Mining for the Sub 1GH Rig a thing of the past? on: July 12, 2011, 09:42:46 PM
It's a silly way to judge things because people don't really care about Mh, they care about profitability.  If the price jumps to $100 earning .1 a day is still worth it.

The next couple difficulty jumps look like they will be under 5%.  Unless there is a major price move mining will stay worth it for small timers like me for months.
1199  Bitcoin / Bitcoin Discussion / Re: Mining for the Sub 1GH Rig a thing of the past? on: July 12, 2011, 03:14:34 PM
you mean the reward cutting in half?  end of 2012 is a LONG way off buddy.
1200  Bitcoin / Bitcoin Discussion / Re: Mining for the Sub 1GH Rig a thing of the past? on: July 12, 2011, 02:36:07 PM
I'm making $30 a week after power costs on 675Mh.

Stop whining.
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