No. You're saying that fractional reserve is impossible with "sound money." Please quote me saying that, with or without the "B" for banking. I'm beginning to get a little worried for you too bro. Are you on any prescription meds? |
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You said fractional reserve is impossible with "sound money." I went on to make a fool of myself... Ah thanks. That's not even close to what I said. If you're going to just skim the thread while paying little attention, please feel free to ignore my posts. The concept I was failing to convey clearly required more attention than you were willing to give it.After all the very same NON governmental "authority" setting interest rates also "prints" the nation's currency, which it then lends to congress with interest. This sentence does NOT refer to FRB. Either you're not paying attention or you're way over your head. n/m You're plainly lost. |
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So you're saying because people steal gold is bad? ...or you're saying because people fell for the concept of gold deposit slips that therefore gold is bad? JUST SPELL IT OUT MAN.  Quoting me out of context and adding a link isn't doing anything for me. I know you can type, you did it previously. Now you've colored stuff red...perhaps you could just spit it out? |
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Again, not getting the relevance of your post. I'm familiar with the long history of fraud in the fractional reserve system, with or without sound money.
Are you saying that because there were crooks long ago that there aren't any now? Are you saying that because there were crooks long ago that crooks now are excused?
...are you trying to say that they're only crooks if their name does NOT contain the word "federal" to allow you to help yourself to the erroneous conclusion that they're a part of legitimate US government authority?
What's your point?
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Here's a relevant cross post: The funny thing about Bitcoin is that it does require a bit of patience to make some profits, but compared to most investments it really requires very little! Just hold for a year or so and that is all it takes to do pretty well. Unfortunately we are getting near to the end of a consolidation period so now is the most painful and hardest time to be in Bitcoin. The Summer will most likely be much more enjoyable, and less painful for those that have a hard time waiting longer than a few minutes for some good gains. BitChick classing up the place, showing how it's done.  Can you pls then teach these immature 'boys' on this forum how to hold their wad for more than 5 friggin' minutes? Lol. I'm so glad I'm not part of this stupid "GenY-ADHD-things-aren't-happening-fast-enough-something-gotta-be-happening-every-second-or-life-sucks-oh-snap-something-big-going-down-on-Twitter" generation. #millenialsaredoomed I had a professor in college, and this was over a decade ago, mention that he had to change the way he even taught because students could no longer stay focused for an hour long class. He had to break it up with stories and other creative teaching tactics. He was a great teacher and I enjoyed his style, but it was interesting that he noticed a change. Also, most students have difficulty even reading entire books anymore. So I agree that the younger generation struggles with patience and are generally a bit more ADHD. This desire for instant gratification should help help spur Bitcoin's longterm success though. It makes sending money internationally more "instant" for example. This really has nothing to do with Zeitcoin. Bitcoin has a lot of positive things going for it, so there is good reason to believe that patience will pay off. I think most people here believe that about Bitcoin. For Ziet, to just say "have patience," is ridiculous unless there is a solid reason to justify having patience. Right now an auction site hardly seems like justification. It's been done for several other coins. It doesn't have a dramatic effect on price and there is typically very low traffic on those sites (ex blkroad.com). It has everything to do with it. Bitcoin is SIX YEARS OLD. Zeitcoin is ALMOST three months old. That's exactly why you can't compare the two. k. You'll have to use smaller words or something...not gittin it. |
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Here's a relevant cross post: The funny thing about Bitcoin is that it does require a bit of patience to make some profits, but compared to most investments it really requires very little! Just hold for a year or so and that is all it takes to do pretty well. Unfortunately we are getting near to the end of a consolidation period so now is the most painful and hardest time to be in Bitcoin. The Summer will most likely be much more enjoyable, and less painful for those that have a hard time waiting longer than a few minutes for some good gains. BitChick classing up the place, showing how it's done. Can you pls then teach these immature 'boys' on this forum how to hold their wad for more than 5 friggin' minutes? Lol. I'm so glad I'm not part of this stupid "GenY-ADHD-things-aren't-happening-fast-enough-something-gotta-be-happening-every-second-or-life-sucks-oh-snap-something-big-going-down-on-Twitter" generation. #millenialsaredoomed I had a professor in college, and this was over a decade ago, mention that he had to change the way he even taught because students could no longer stay focused for an hour long class. He had to break it up with stories and other creative teaching tactics. He was a great teacher and I enjoyed his style, but it was interesting that he noticed a change. Also, most students have difficulty even reading entire books anymore. So I agree that the younger generation struggles with patience and are generally a bit more ADHD. This desire for instant gratification should help help spur Bitcoin's longterm success though. It makes sending money internationally more "instant" for example. This really has nothing to do with Zeitcoin. Bitcoin has a lot of positive things going for it, so there is good reason to believe that patience will pay off. I think most people here believe that about Bitcoin. For Ziet, to just say "have patience," is ridiculous unless there is a solid reason to justify having patience. Right now an auction site hardly seems like justification. It's been done for several other coins. It doesn't have a dramatic effect on price and there is typically very low traffic on those sites (ex blkroad.com). It has everything to do with it. Bitcoin is SIX YEARS OLD. Zeitcoin is ALMOST three months old. |
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I am going to need someone with mature blocks that are ready to stake to try the updated version of the source code I have compiled. I made some small changes to the staking process and need to make sure that it works. I would do this myself, but I don't have any aged blocks. Let me know and I will send you a link to the windows exe. I can guinea pig. I have tek running in a win8 x64 vmx with current stake weight over 300 and more maturing tommorrow. If it sends me back in time, eats my coins, or loses an extraneous sock in the dryer...I'm coming for you! lol Awesome, it shouldn't do anything. I think the worst case scenario is that your blocks won't stake with this version of the client. I will send you a link via PM, don't share it because I don't want private beta versions to get confused with fully functional public releases  All strapped in and synced without incident. Stake weights are still rising, I will let you know if/when there's some stake on the table. ;p |
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^ Now that you found out that fiat money is inflationary, you can avoid being a chump by investing it or spending it on goods and services -- not stuffing it in your mattress and expecting it to retain its value. The cool kids know this, and have been doing this "investing and spending" thing all along. Give it a shot How does that help people attempting to store funds for retirement, the risk averse, or entrepreneurs? Should they be invested in something risky to attempt to keep up with the rate of inflation? This debt based "monetary" system encourages risky(stupid) investments by punishing inactivity, just like ppaca does. Even those that thought they were prepared are getting looted, that's why grandma is working at mc donalds now. She may well have saved up what she thought was a significant sum, but then inflation worked it's magic on her savings. That's not quite right. It's not the monetary system that's responsible, it's monetary authorities. Monetary authorities which set absurdly low interest rates which in turn fuel bubbles and stuff. Retirement savings wouldn't be a problem if interest rates were in line with inflation. I missed this post previously. While I agree that absurdly low(artificially low is how I usually refer to it) interest rates are a huge problem, as it doesn't allow for a price discovery mechanism to operate, brutally punishes savers, and rewards gamblers, this isn't the whole problem. After all the very same NON governmental "authority" setting interest rates also "prints" the nation's currency, which it then lends to congress with interest. Plainly there's no legitimate reason to do this as congress is granted the authority to print our currency directly without interest, which is why there's a US treasury(they still stamp our coins). However if you're a politician in DC and you want to spend more than you're taking in it's fantastic, as you can inflate the budget to your heart's content and saddle future generations with that debt. This wouldn't be possible with a sound currency. You cannot simply whip up an extra trillion gold certificates as someone may well try to exchange those certificates for gold you do not have. |
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Aren't they still dealing with backlash from their Terraminer IV's not producing advertised speeds, delays in refunds, and their Cointerra vaporware mining card? Yes they're total crap, but don't fret, someone will be with you presently(probably paid) to tell you that cointerra has the knees of bees. |
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...and now it's smoking  Tell me what you *do* like, solarion, because it's starting to seem like you just have a case of the blahs. How about we turn that frown upside down? In no particular order: Women(except when they smoke as it makes them taste like I envision an ashtray tastes), motorcycles, cars, cryptos, learning, sincerity, hockey, empathy, liberty. We? I don't think you're my type bud, but thanks. |
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Shocking. These maggots have used lawyers & legalese to steal at every turn, nobody should be surprised. Now we will receive nothing. As expected. I predicted 2 months ago that they are insolvent and there you go! Fraudsters Please see this: https://business-bankruptcies.com/cases/hashfast-technologies-llcThis document appears to have been filed by hashfast's creditors. This may in fact turn out to be good news. |
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Lengthy crapterra cheer! tl;dr The other guys are even bigger scams. |
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Only at the parents of the embryo smoking the cancer stick. |
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Here's a relevant cross post: The funny thing about Bitcoin is that it does require a bit of patience to make some profits, but compared to most investments it really requires very little! Just hold for a year or so and that is all it takes to do pretty well. Unfortunately we are getting near to the end of a consolidation period so now is the most painful and hardest time to be in Bitcoin. The Summer will most likely be much more enjoyable, and less painful for those that have a hard time waiting longer than a few minutes for some good gains. BitChick classing up the place, showing how it's done. Can you pls then teach these immature 'boys' on this forum how to hold their wad for more than 5 friggin' minutes? Lol. I'm so glad I'm not part of this stupid "GenY-ADHD-things-aren't-happening-fast-enough-something-gotta-be-happening-every-second-or-life-sucks-oh-snap-something-big-going-down-on-Twitter" generation. #millenialsaredoomed I had a professor in college, and this was over a decade ago, mention that he had to change the way he even taught because students could no longer stay focused for an hour long class. He had to break it up with stories and other creative teaching tactics. He was a great teacher and I enjoyed his style, but it was interesting that he noticed a change. Also, most students have difficulty even reading entire books anymore. So I agree that the younger generation struggles with patience and are generally a bit more ADHD. This desire for instant gratification should help help spur Bitcoin's longterm success though. It makes sending money internationally more "instant" for example. |
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cgminer + winblowz + usb asic = zadig. Are you using zadig?
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^ *NotLambchop add "MuhGunz" to the cliche list* No law requires you to engage in bitcoin commerce, but this begs the question: What's bitcoin good for, if not for commerce? Isn't that sort-a a given that money is, you know... used?  Money? Did you mean to say currency? I meant to say exactly what I have said -- monˇeyˈmənē/ Err... Why dredge that up again? Who told you that fiat was a great store of wealth? How does that statement, regardless of it's validity, relate to bitcoin's use as money (or "currency," if you want to fool people into thinkin' you've been to finishin' school)? Are you suggesting that it isn't? Holy crap, I retract my previous comment about what you seem to know. I apologize, I overestimated your understanding of the topic. |
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I am going to need someone with mature blocks that are ready to stake to try the updated version of the source code I have compiled. I made some small changes to the staking process and need to make sure that it works. I would do this myself, but I don't have any aged blocks. Let me know and I will send you a link to the windows exe. I can guinea pig. I have tek running in a win8 x64 vmx with current stake weight over 300 and more maturing tommorrow. If it sends me back in time, eats my coins, or loses an extraneous sock in the dryer...I'm coming for you! lol |
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^ *NotLambchop add "MuhGunz" to the cliche list* No law requires you to engage in bitcoin commerce, but this begs the question: What's bitcoin good for, if not for commerce? Isn't that sort-a a given that money is, you know... used? Money? Did you mean to say currency? ...or did you intend to imply that Bitcoin fits the definition of the word money? I'm fine with that provided you also agree that fiat clearly does NOT fit the definition of money. Sure, please permit me to quote myself, as I've already answered this question in this thread. Yes, WEALTH should be stored in something other than fiat, and many make the wise decision to do that very thing. https://bitcointalk.org/index.php?topic=604083.msg6691978#msg6691978 |
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The last looting I heard of in Cyprus was a little Bitcoin bank called NeoBee :$ Relevance? I know very little about neobee and bitcoin securities in general... You should probably familiarize yourself with Bitcoin securities. It is a shining example of laissez-faire economy based on non-inflationary currency in action. ~95% failure rate. NeoBee was a lulzy proposal by a charismatic young man named Danny Brewster to start a Bitcoin/fiat bank. He has raised millions by pitching his brainchild to a receptive audience of Libertarian-leaning amateur financiers. Then he ran away Not quite sure how happy that would'a made Grandma. Oh wait... Please cite the bitcoin legal tender law that requires me to engage in bitcoin commerce or crypto related investing. Your posts are akin to soccer moms that blame guns for "killing" people. Make sense man. |
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