The dollar is fine, it might have a slight cold but not even the flu, the death of the dollar has been exaggerated.
What is the basis for your claim? The whole world is hearing that the US debt ceiling must be raised in order to prevent a default. Moody's is prepared to downgrade the US Dollar from AAA status (the first time in history this has happened). But you say the dollar is "fine". Hmmmm.
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If the remaining miners then pull out since all that hard hashing isn't worth it, it would take much, much, much longer.
Why would people stop mining when many do not care whether they make a profit or not? See the Folding@Home project. They all do it for nothing. I have 2.25 gigahash/sec mining power. My electricity is practically free. Why would I stop mining? Because its hard? Is that something new? Mining has always been hard, that's why a lot of us purchased Radeon GPU's. There are hundreds of thousands of people with only a single GPU that will never stop mining just to keep the network alive.
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Synaptic:
ask your banking handlers about Bull markets and the power they have. they know all about them in the context of the stock market, subprime loans, CDS/derivatives, oil, wheat, rice, real estate.
unfortunately they badly missed the greatest bull market of the last 11 yrs in gold/silver.
and they are using you as they miss the Bitcoin bull thats just getting started.
this will be a Bull market for the ages and will blow the sh*t off their doors.
i'm waiting for your response on my bet.
Lol, here's my SECOND response, genius: "FUCK. YOU."Synaptic: Its so obvious what you're doing, and that you're working, its like watching a child try to be clever.
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a rambling man.........rambles
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Here is a graph of the the price of WonderBread. I'm sure it has something to do with the price of bitcoin, I just don't know what.
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Eh.. no sound? Any 2 year old could make these.
Right, because 2-year-olds are noisy, and like noise. The ad targets are not 2-year-olds. Suggestion for audio: Several different voice actors (maybe 3) saying a simple phrase (with confidence and sincerity): "I use bitcoin". The voices should be very different for example, a women, perhaps an older person, and a teenager. Might be better if this was with video. That takes good talent though.
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What's his hash rate? Or more specifically: what's the hash rate per dollar? I might be interested in picking up a few to add to my mining operation. PM me with details.
I am also selling miner shares. The company is called Daddy Daycare Diaper Miners.
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TL,DW Someday.
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If a vegetarian eats vegetables, what does a humanitarian eat?
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I come from pokerbotting background and I can tell you that as soon as someone provides a profitable botting solution it comes right after it stopped being profitable.
Providing backtesting will likely result in profitable results however that is the past(and yes it very well may have been profitable until now)
Could you explain why you are selling this now, since your overall profit looks mighty fine and if this is as profitable as you claim then there would be no reason for you wanting to increase competition in the small market we all trade in.
You mention that you dont have enough capital to earn money with your bot, but you actually present pretty decent profits with the $5000 starting balance ?
If you raise enough money to trade profitable(again, I dont understand since you are trading profitable allready) wont you simply compete against the 10 copies sold? (not to mention the 10 copies sold will be copied to friends/family and even resold)
+1,000,000
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Now Keanu's daughter is kidnapped, and he is told "If you don't transfer 100,000 bitcoins to this addresses within 30 seconds we will kill her. 30, 29, 28..." What do you do? What. Do. You. Do?
Once he transfers the bitcoins they are gone, and both the speed and anonymity unique to bitcoin make catching the criminal at the "hand off" impossible. There is no "hand off".
How is this different from a ransom demand for US dollars to a swiss bank account?
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1) We are all here dealing voluntarily with a super-volatile currency because we think it will take off. Everyone is going to have a bitcoin account in this speculative future. 2) Have you really never seen 'Cops' or read a newspaper? You don't get caught by being smart... Plus, once those idiots who are "destroying bitcoin, coin by coin" wreak their havoc, .05btc will be like, 2% of the whole bitcoin economy. <---(This is a joke) 3) See #2 4) Hopefully this future-app in our speculative-future here wards off this future thug with its futuristic dummy account, but please refer to numbers 1), 2) and 3) regarding that future thug beating you to a pulp.
1. Why does everyone need to have a bitcoin account for it to be a success? Far from it. One percent adoption would make it a booming success. 2. You missed the point. The mark's Bitcoin wallet might be nearly or completely worthless and he has ten different bitcoin wallets. 3. You missed the point. Muggers are in a hurry. 4. I don't HOPE that theft protection schemes will be built into bitcoin applications. I KNOW they will be. You assume that only apps coded by stupid people will be popular? 5. Homeless muggers will understand all these things better than you, and that will inhibit bitcoin device theft.
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What Mr. Benanke doesn't realize is that money is also an asset. Gold is an asset and gold is money therefore gold is money. He is plainly stupid. Most money (currency) today is based on debt. Is debt an asset?
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The Internet is decades away from being as profitable as television, but you would not know that by looking at the stock market. With Internet companies you do not have to worry about the stock falling if profits fall -- none of them are making a profit today.
Cool story bro. Below is the list of the Top 10 Most Profitable Companies for 2011 brought to you courtesy of 24/7 Wall St: 1. Exxon Mobil
Projected profits 2011: $32.3 Billion -
Consensus Revenue Est. 2011: $417.6 Billion, up 10.2% 2. Microsoft
Projected profits 2011: $21 Billion -
Consensus Revenue Est. 2011: $73.4 Billion, up 7% 3. Chevron
Projected profits 2011: $19.8 Billion- Consensus Revenue Est. 2011: $247.23 Billion, up 21.8% 4. JPMorgan Chase
Projected profits 2011: $19.1 Billion - Consensus Revenue Est. 2011: $101.57 Billion, down 1.1% 5. Pfizer
Projected profits 2011: $18.3 Billion - Consensus Revenue Est. 2011: $66.09 Billion, down 1.8% 6. Apple
Projected profits 2011: $18.2 Billion - Consensus Revenue Est. 2011: $103.3 Billion, up 16.7% 7. Bank of America
Projected profits 2011: $16.3 Billion - Consensus Revenue Est. 2011: $109.7 Billion, down 3.5% 8. IBM
Projected profits 2011: $15.6 Billion -
Consensus Revenue Est. 2011: $103.15 B, up 4% 9. Wells Fargo & Co.
Projected profits 2011: $15.3 Billion- Consensus Revenue Est. 2011: $84.79 B, up 0% 10. Wal-Mart
Projected profits 2011: $15.7 Billion - Consensus Revenue Est. 2011: $444.2 B, up 4.8% If the internet died today, Apple, Microsoft, and IBM would become insolvent. Wall Street would lose three of the top ten publicly traded companies in the world. 279 billion dollars worth of trade per year would be lost. Just from the top ten. Pay TV Revenue Will Grow 7% to Exceed $312 Billion in 2010 http://www.abiresearch.com/press/1659-Pay+TV+Revenue+Will+Grow+7%25+to+Exceed+$312+Billion+in+2010Television revenue these days INCLUDES internet TV. Looks like the internet is profitable after all. Probably more so than television.
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But I think you are mistaken about the block chain being able to save you or your merchant from accidental transactions.
I never said the blockchain will save anyone. I just wanted to point out that the transaction record is there, and that it encourages merchants and consumers to act in a mutually beneficial way. For better of for worse (I personally think its for better) with bitcoins you are truly on your own.
Isn't that what we wanted? Way to go bitcoin! Personal responsibility is fun. We don't need the banks to hold our hands.
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Never underestimate the persuasive power of a baseball bat :-)
1. How is that punk going to know you have a bitcoin account? 2. Why would he risk prison time for what might be 5 0.05 bitcoins? 3. How long will he stand in the street and threaten me, waiting for the password? Remember, if i get a concussion, i might forget the password. 4. Android app can have a feature that gives the thief access, but to a secondary (honeypot account) with only a small amount of BTC. If the thief wants to beat you to a pulp in broad daylight because he thinks you gave him a honeypot account, more power to him.
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If your bank makes an error in your favor, and you spend money that isn't yours (even accidentally) the bank may legally charge you overdraft fees.
How's that for peace of mind?
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I am referring to transactions online. If you make a mistake sending money to a different Dwolla account or another bank account, it can usually be saved by asking the bank to reverse it, of if you mistype 10000 for 100.00 a bank will probably catch it and tell you there are limits. Not with bitcoins.
Probably always? If I deal with honest exchanges and merchants, I am almost assured of getting my funds back. What exchange or merchant will keep coins you accidentally sent? That would be suicide for them. The transactions are all in the blockchain for everyone to see. Heck, 60% of random strangers are going to return coins that are accidentally sent. Also, the bitcoin exchange that I deal with has a confirmation dialog for all bitcoin transactions. To let a mistake by twice, I'd have to be drunk, stoned, or stupid.
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Of course, the flip side is that with bitcoins you are totally on your own. No margin for mistakes or stupidity.
Yeah, cause we know how easily bitcoins can blow away in the wind, or burn up in a fire, or get stolen by a mugger. Seriously though, how is a mugger going to get bitcoins off your android if you dont' tell him the password? This will take a very sophisticated mugger.
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