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121  Other / Off-topic / Re: I just saw a video of a muslim boy doing a Michael Jackson impersonation.... on: September 18, 2012, 08:20:10 PM
did you people not realise that muslims are being goaded into violence simply so that the zionism which has worked so well in isreal can be  used in the US to turn all the US jesus lovin' folk into goyim slaves.
122  Economy / Securities / Re: RSM - 120(GH/s)/2600shares 46(MH/s)[0.30BTC] a share 1(GH/s) for 6.50BTC - ASIC on: September 18, 2012, 02:37:39 PM

Quite awesome. But some of the securities are good, some are bad choice. Buy a bunch of them is a bad choice. Matthew3 I think you should buy their assets separately with careful choice.
Agree with this. some really bad some ok. if the price was right for the ok assets then that would be good for RSM. Is it possible to run a motion for each asset. that way each voter could do due diligence and we have thorough clear out of wheat from chaff.

you should also consider: if DMC is liquidated those shares will likely be sold into market and could be bought up below market average anyway. this has probably not yet been factored in to the current value of these assets. these could be bought by RSM or people who hold RSM and are interested in these assets too. also if this happens those investors of DMC would be looking for other assets to put their money into while mathewh3 has done a great job of promoting RSM as a safe place to invest, meaning new investors of RSM possibly buying the remaining shares needed for asic#4.
123  Economy / Securities / Re: RSM - 120(GH/s)/2600shares 46(MH/s)[0.30BTC] a share 1(GH/s) for 6.50BTC - ASIC on: September 18, 2012, 02:10:16 PM
We could just buy ASIC's if we wanted with the assets funds or cherry pick the best (dividend bearing) stocks to keep hold of.

A full audit of there assets would have to be done and then to get RSM shareholders and DMC shareholders to agree on the price.  
mos defnly agree with these three points
124  Economy / Securities / Re: RSM - 120(GH/s)/2600shares 46(MH/s)[0.30BTC] a share 1(GH/s) for 6.50BTC - ASIC on: September 18, 2012, 01:59:13 PM

DMC currently holds

40 BTC-MINING (370 mhash) = 38.80 BTC (14800 mhash)
951 BTCMC (7 mhash) = 551.58 BTC (6657 mhash)
5113 OBSI.ABMO (11 mhash) = 434.61 BTC (56243 mhash)
2080 ASICMINER (30 mhash) = 228.17 BTC (62400 mhash)
have you evaluated these assets to assess what they might return RSM and whether the current market price is fair?
125  Economy / Securities / Re: RSM - 120(GH/s)/2600shares 46(MH/s)[0.30BTC] a share 1(GH/s) for 6.50BTC - ASIC on: September 18, 2012, 12:57:28 PM
We would only issue DMC with RSM shares for there assets that are of value and would make RSM money.  Yes DMC shareholders have already lost a lot of money but rather than just liquidizing there assets and shutting up shop it may be beneficial for them to trade them in for RSM shares.  As RSM has a future and a growth plan.  We have managed to ride the wave of GPU > FPGA > ASIC changes OK (just about  Wink ).  So it may help DMC and RSM shareholders.  We would only pay in RSM shares what the valuable DMC assets are worth for no more than market value.


you want to trade RSM for DMC assets at no more than market value.  isnt this what made DMC such a failue, making deals outside it primary objectives and purchasin other bad assets. i am sure this would help DMC share holders but i dont see anything that would benefit RSM. if you can show how this adds value to RSM then great, but i dont see it right now.
126  Economy / Securities / Re: RSM - 120(GH/s)/2600shares 46(MH/s)[0.30BTC] a share 1(GH/s) for 6.50BTC - ASIC on: September 18, 2012, 11:54:15 AM
I don't know if you's have been keeping up with the news at DMC - https://bitcointalk.org/index.php?topic=77469.780 - but they may be looking for a new CEO and I have put in this offer -

If you are to vote on changing the CEO I may be able to help by absorbing your DMC assets into Red Star Mining - https://bitcointalk.org/index.php?topic=63257.0 -.  RSM is currently working on a motion to raise us to 57.142857143(MH/s)per share at BTC0.30 each or 1(GH/s)@BTC5.25.  What I think best would happen is RSM absorbs DMC assets and pays DMC around the going rate for them in RSM shares.  So DMC receives weekly dividends from RSM and then I use them or pay them out as DMC share holders see fit in a motion.  I can't promise to be able to offer this service yet as I'd have to get it to pass a motion of RSM shareholders.  Also RSM shareholders would only take it on if it wasn't going to hurt them and can profit from it as well some how.

Any early opinions from RSM shareholders?

DMC currently holds

40 BTC-MINING (370 mhash) = 38.80 BTC (14800 mhash)
951 BTCMC (7 mhash) = 551.58 BTC (6657 mhash)
5113 OBSI.ABMO (11 mhash) = 434.61 BTC (56243 mhash)
2080 ASICMINER (30 mhash) = 228.17 BTC (62400 mhash)

(Although this could be wrong.  More research would have to be done if DMC shareholders agree before I put it to RSM motion.)

Which in my proposal would be transferred to RSM then DMC would receive the appropriate amount of RSM shares which DMC would receive normal dividends off RSM on the RSM shares they hold.  
isnt that just bailing out a failed company, a badly managed failed company with a lot of upset share holders. what do you think are the benefits to RSM and its investors?
127  Other / Beginners & Help / Re: Increasing Mining on: September 17, 2012, 10:33:34 PM
you might earn more mining litecoin
http://www.litecoinpool.org/miner

and the trading them for btc at btc-e.com
128  Economy / Securities / Re: RSM - 120(GH/s)/2600shares 46(MH/s)[0.30BTC] a share 1(GH/s) for 6.50BTC - ASIC on: September 17, 2012, 09:45:49 PM
another thing is that inaba can access the asic much quicker than it would be to post to mathew in the UK. inaba could have the asic set up and running beffore they asics had gotten to a shipping container. potentially saving 2-4 weeks of waiting.
129  Other / Beginners & Help / Re: Increasing Mining on: September 17, 2012, 06:35:48 PM
Right now i am in a no fee pool (thank God for them), making barely anything still. I'm only pushing 5.2 Mhash/s. Is there anyway to increase this rate besides buying a 'rig'. Perhaps something less costly or settings i can change on my computer Huh
what is your computer specs and os?
130  Economy / Securities / Re: RSM - 120(GH/s)/2600shares 46(MH/s)[0.30BTC] a share 1(GH/s) for 6.50BTC - ASIC on: September 17, 2012, 05:41:47 PM
I was told by one new investor to wait before issuing the 300 new shares at BTC0.30 we would need to fully pay for ASIC #4 to takes to 160(GH/s)@~3100 shares or 51.612903226(MH/s)per share.  If I did issue the 300 new shares it would mean we would have to sell ~782 to fully pay for ASIC #4 (including the ~160 for ASIC #3).  Does anyone else have a view.

We currently have ~300 for sale at BTC0.30 but we only need to sell ~160 for ASIC #3.  Does this mean I should take the other ~140 shares down?  I think we should keep perpetually issuing new share as long as we can sell them if and only if it going to rise our (MH/s)per share rate and/or profits. 

I would agree with the other investor. you dont want to have a large sell wall as it will encourage low ball bidding and undercutting of current share price.
131  Economy / Lending / Re: The pirate speaks on: September 17, 2012, 05:28:34 PM
... but is unverifiable
132  Other / Politics & Society / Re: No, World War 3 is indeed coming. The US Dollar will likely collapse at the end. on: September 17, 2012, 02:26:24 PM

the guy who made that vid has his own channel here http://www.youtube.com/user/StormCloudsGathering?feature=CAQQwRs%3D
133  Bitcoin / Meetups / Re: Manchester UK meet up this Friday evening 2012-09-07 on: September 17, 2012, 09:16:52 AM
while your threre could you ask nefario to answer my support tickets. i have been ignored for almost a week now.
134  Other / Politics & Society / Re: Political systems explained Using Cows on: September 17, 2012, 07:06:23 AM

Isn't that what is happening currently?

Exactly! And it's sad. Here's why. Consider this statement:

Quote
LIBERTARIAN/ANARCHO-CAPITALISM: You have two cows. You sell one and buy a bull.

Isn't that the current model in most nations?

I think the model that we have in most nations goes something like this.

you have two cows you sell one, the government takes a quarter of the profit and gives it to the banks as interest on the national debt.

you had hoped to buy bull but now you must borrow the extra from the bank to pay for the bull. you then have to pay back the loan with interest which you can do for a short ammount of time but as your bull and cow have not generated enough ROI eventually you default. the bank comes along and takes your bull and your cow. you claim social security which the government borrows from the banks adding to the national debt.

Remind me to never have you do my taxes. You've made some mistakes there.
what? you dont pay tax in cows in your country?

your asking ME to remind YOU not to let ME do YOUR taxes.

i wont be able to remind you of this i have cows to protect from the local militia.
135  Economy / Marketplace / Re: Buying Pirate Debt at 1-2% on: September 16, 2012, 09:16:59 PM
aha! could be a cunning plan to get other people buying pirate debt!
136  Other / Politics & Society / Re: Political systems explained Using Cows on: September 16, 2012, 08:56:49 PM
LIBERTARIAN/ANARCHO-CAPITALISM: You have two cows. You sell one and buy a bull. You create more cows and bulls. Your business grows. You compete with your neighbors, engaging in land grabs for your burgeoning business. You shoot all the wolves because once you saw a calf get taken down by a wolf. Everyone else does the same. No more wolves. Ungulates, now not fearing wolves, browse the vegetation around streams, creeks and rivers, where before, they wouldn't because the terrain around the river banks hindered their escape in the event of a wolf attack. They also shit in the water, as well as your cows. There are now no more rodents and smaller species that used to hide in the now decimated vegetation around the river banks. And so the symbiotic relationships between organisms die a slow death in the riparian zones (the river banks). The soil is now not cycled, and the water loses its purity, becoming polluted downstream. Fences go up because your land is your land, by god. Species migration suffers, and extinctions occur. The world dies a slow a death.

Isn't that what is happening currently?

Exactly! And it's sad. Here's why. Consider this statement:

Quote
LIBERTARIAN/ANARCHO-CAPITALISM: You have two cows. You sell one and buy a bull.

Isn't that the current model in most nations?

I think the model that we have in most nations goes something like this.

you have two cows you sell one, the government takes a quarter of the profit and gives it to the banks as interest on the national debt.

you had hoped to buy bull but now you must borrow the extra from the bank to pay for the bull. you then have to pay back the loan with interest which you can do for a short ammount of time but as your bull and cow have not generated enough ROI eventually you default. the bank comes along and takes your bull and your cow. you claim social security which the government borrows from the banks adding to the national debt.
137  Economy / Securities / Re: GLBSE not replying to my support tickets. account locked. on: September 16, 2012, 08:36:13 PM
thanks but none of this helps and my tickets are still being ingored. i have about 45btc in my portfolio that i cant get out.

although i dont want to get it out i just want to be able to use it.

138  Other / Politics & Society / Political systems explained Using Cows on: September 16, 2012, 06:08:37 PM
http://youtu.be/YIPDJ1Cc_uw

Political Systems Explained for Dummies (and Farmers) Using Two Cows

The fundamental principles of the different types of political and social systems explained via a simple example using two cows. You heard right, COWS. If you know what a cow is and are aware of the fact that the produce more than just steaks for your dinner, such as milk, you are good to go and should have no problem to understand it.

FEUDALISM: You have two cows. Your lord takes some of the milk.

PURE SOCIALISM: You have two cows. The government takes them and puts them in a barn with everyone else's cows. You have to take care of all of the cows. The government gives you as much milk as you need.

BUREAUCRATIC SOCIALISM: You have two cows. The government takes them and put them in a barn with everyone else's cows. They are cared for by ex-chicken farmers. You have to take care of the chickens the government took from the chicken farmers. The government gives you as much milk and eggs as the regulations say you need.

FASCISM: You have two cows. The government takes both, hires you to take care of them and sells you the milk.

PURE COMMUNISM: You have two cows. Your neighbors help you take care of them, and you all share the milk.

RUSSIAN COMMUNISM: You have two cows. You have to take care of them, but the government takes all the milk.

CAMBODIAN COMMUNISM: You have two cows. The government takes both of them and shoots you.

DICTATORSHIP: You have two cows. The government takes both and drafts you.

PURE DEMOCRACY: You have two cows. Your neighbors decide who gets the milk.

REPRESENTATIVE DEMOCRACY: You have two cows. Your neighbors pick someone to tell you who gets the milk.

LIBERTARIAN/ANARCHO-CAPITALISM: You have two cows. You sell one and buy a bull.

BUREAUCRACY: You have two cows. At first the government regulates what you can feed them and when you can milk them. Then it pays you not to milk them. Then it takes both, shoots one, milks the other and pours the milk down the drain. Then it requires you to fill out forms accounting for the missing cows.

PURE ANARCHY: You have two cows. Either you sell the milk at a fair price or your neighbors try to take the cows and kill you.

SURREALISM: You have two giraffes. The government requires you to take harmonica lessons.
139  Other / Beginners & Help / Re: Bitcoin Linux OS on: September 16, 2012, 05:01:23 PM
Already had a look at that. It was good but I'm looking for something more specific. Only really looking at one for using on a USB stick and occasionally connecting to a network to update the blockchain. I'll probably have a look at designing and building my own one.

linuxcoin does this  Huh

run it from the usb without connectng to the network and connect it to the network when you want to update block chain.
140  Other / Beginners & Help / Re: Why use bitcoins instead of USD or another currency? on: September 16, 2012, 04:57:13 PM
so assuming I want to do nothing illicit and I'm not overly concerned with anonymity, why would I use it as a transaction currency? I can already use PayPal for transactions over the Internet.
if you already have means of transaction then why do you need a reason to use something else. you would use bitcoin where it is easier to do so. you seem to be looking for a reason to make easy transactions more complicated. if you can use paypal or cash then use paypal or cash.


Quote
For bitcoin to move beyond the niche market of the hoarders and investors, it must have real world applicability and that's what I'm trying to figure out.

Thoughts?
bitcoin already has a market beyond hoarders and investors. maybe you just havent found it.



Let me ask this way.... Why should your mother care about bitcoin?

why do you want her to?

the presumption with this thread is that everyone has to "get" or use bitcoin. they dont.

bitcoin has some particularly good qualities that makes it useful for particular types of trade and transaction.

your mother doesnt have to use it she doesnt even have to know about it. the people who do get it and know how to use it will continue to use it when it convenient for them.


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