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1581  Other / Politics & Society / Re: Misconceptions of Israeli Culture on: August 05, 2014, 09:53:50 PM
You know, speaking of Isreal, this propaganda piece really struck me as making a good point, but was hugely unpopular in the UK. I get that it can be uncomfortable, but it's meant to be. Regardless of what city it depicts, it makes a good point. As someone living in Houston, if Mexico was to fire missiles at us (especially if it went on for years), an invasion would seem entirely valid.

I get that the war is horrible, but I have trouble blaming Isreal myself. Am I missing something here?

1582  Other / Politics & Society / Re: Is it a bad decision to payoff mortgage early on: August 05, 2014, 09:45:34 PM
I was so eager that I paid off a 4.4% $150k 15y mortgage in a few years. now some people are analyzing and suggesting that i should have run it out.


thoughts?

I think it should depend on how much you could make in a low-risk investment. If you could make more than 4.4% without too much risk, then it might be better to keep the mortgage. Personally, I think you made a pretty good decision. Being debt free is never a bad thing.
1583  Other / Politics & Society / Re: Would you continue using bitcoin if your country banned it completely? on: August 05, 2014, 09:41:25 PM
Yes, because there is not something ilegal with bitcoin . Moreover i cannot find any reason my goverment would ban it completely :3


But what if they did ban it? The op isn't asking if they would or if it's justified, but what you would do if they did.
1584  Other / Politics & Society / Re: Would you continue using bitcoin if your country banned it completely? on: August 05, 2014, 09:40:35 PM
I don't know for sure. I probably wouldn't use it, but I might keep what I had.
1585  Bitcoin / Bitcoin Discussion / Use Bitaddress.org with Existing Wallet on: August 05, 2014, 09:23:28 PM
Hi, this may be a stupid question, but I want to use bitaddress.org's art with an existing wallet. I don't fully trust the website so I want to use Bitcoin QT to generate an address, but I also want to have the pretty art from bitaddress. Is there an easy way to use an existing key on an offline computer and have it as a qr code on a bitaddress paper wallet?

I am slightly familiar with Javascript, so are there some particular variables I could fill in with my wallet details?

I would prefer to have the website fill everything in as opposed to using GIMP or something like that to do it manually for each wallet.
1586  Bitcoin / Bitcoin Discussion / Re: Make a transaction that cannot be spent in X years on: August 05, 2014, 09:18:28 PM
What about giving them the private key of the address but encrypted? You can set a date for them to receive an email containing the key for the encryption at a later date with a tool like http://www.lettermelater.com/

What happens if the service goes offline?

How about this:

Make a split key (2 of 3 to send) with a tool such as bitaddress.org and give the person one of the keys, then keep the other yourself and give one to a trusted relative or your attorney with instructions to give it to the person at the future date. This way you could also make exceptions for medical emergencies or other dire situations.
1587  Bitcoin / Bitcoin Discussion / Re: Ross Ulbricht: FBI Didn't Have Search Warrant, Violated Fourth Amendment on: August 05, 2014, 09:07:38 PM
They are throwing the book at him to make an example so that others won't think about following in his footsteps

What footsteps? Publishing his personal email? That is what people should learn not to do.

When I first read about this case it puzzled me why someone so good at keeping himself anonymous would make such a simple mistake.
1588  Economy / Economics / Re: How much do you value your credit score? on: August 05, 2014, 08:59:22 PM
I used to care, back when I thought it meant something, and I have always had a fairly high score. In recent years I have been extricating myself from the credit economy. Since then I have more money than ever.
So when I was looking at large real estate tracts for sale I became curious about my score. When i checked I was delighted to see that I no longer have a score. Because I don't use bank credit I am simply rated un-scoreable.  
I could not be happier. I don't want a number from the same industry that puts out LIBOR scores and other works of fiction. What about you? Do you value your credit scores?

Credit scores are just a measure of trust much like the trust ratings buyers and sellers in this forum use. If you want to borrow significant amounts of money without collateral, you need a means of proving you are trustworthy. Credit scores may not be perfect, but they do help lenders manage risk.

I agree, they are a sort of measure of trust, only thing is the laws are written so that the lenders have no risk whatsoever.  If you default on a loan, the only thing guaranteed is that the lender will get something out of you, and probably ruin your credit score for years to come in the process.

True, but when you borrow money you assume the responsibility and risk for that money. That's just the way it is, and probably the way it should be.

Yeah but take a hypothetical mortgage foreclosure situation:

A 150k mortgage goes into foreclosure after 10 years.  At an interest rate of 4.5%, you've already paid the bank over 90k back.  Yet the laws still allow them to take the house completely, ruin you financially, and leave you with nothing.  They now have the house, and you have nothing, just out 90k.  So in essence, banks have no risk when lending.

That's not very common though. In the recent housing crisis in the US, most foreclosures were fairly new loans, and banks lost a lot of money because the houses ended up being worth less than the loans.

The other thing is that in your scenario, that interest does rightly belong to the bank. The bank doesn't have to loan you money, they only do so because they are promised interest. They wouldn't loan you money if they knew they'd only get 60% of it back (90k out of 150k), because they are losing not only the 60k you don't pay back, but also inflation and the time-value of that money.
1589  Economy / Economics / Re: Bitcoin is a hot target for criminals and money launderers. on: August 05, 2014, 08:48:47 PM
Bitcoin's concept of anonymity is a hot target for the greedy. Its structure helps criminals do their criminal acts. They can easily participate on illegal transactions without being traced (or a high possibility of not being traced) by the authority. Decentralization also helps them in accomplishing some serious thefts and laundering because nobody has the power to freeze their money unless they're traced by the government. This is just one of the many things why merchants all over the world doesn't accept the idea of using bitcoin into their business. It seems to risky for them to touch knowing that there are many possibilities that they can be victimized by theft and frauds.

Cash can be used for the wrong purposes too. Bitcoin is just a tool, and like all tools it can be used for good or evil. Businesses are not at any more risk of being victimized by theft and fraud as long as they take appropriate precautions.

Do you really believe that the government should be able to trace your transactions? I don't. I believe in privacy rights, my money is my money to do with as I wish, without the government looking over my shoulder, until I am proven guilty of a crime.
1590  Economy / Economics / Re: How much do you value your credit score? on: August 05, 2014, 08:45:28 PM
I used to care, back when I thought it meant something, and I have always had a fairly high score. In recent years I have been extricating myself from the credit economy. Since then I have more money than ever.
So when I was looking at large real estate tracts for sale I became curious about my score. When i checked I was delighted to see that I no longer have a score. Because I don't use bank credit I am simply rated un-scoreable. 
I could not be happier. I don't want a number from the same industry that puts out LIBOR scores and other works of fiction. What about you? Do you value your credit scores?

Credit scores are just a measure of trust much like the trust ratings buyers and sellers in this forum use. If you want to borrow significant amounts of money without collateral, you need a means of proving you are trustworthy. Credit scores may not be perfect, but they do help lenders manage risk.

I agree, they are a sort of measure of trust, only thing is the laws are written so that the lenders have no risk whatsoever.  If you default on a loan, the only thing guaranteed is that the lender will get something out of you, and probably ruin your credit score for years to come in the process.

True, but when you borrow money you assume the responsibility and risk for that money. That's just the way it is, and probably the way it should be.
1591  Economy / Economics / Re: Only one currency used as legal tender in the world and #basicincome on: August 05, 2014, 08:42:35 PM
Indeed. I think we will have to wait for a world's GWP of $1 000 trillion.
1 Quadrillion?

Yeah, I can see that happening.
I was just using USD to make it easy to picture my utopia.
But it will come. I am sure that in a few decades we will all be living in a world of utter abundance.
And I think taxing 10% - or so - of all transactions would't be that bad idea, if it radically solved the poverty problem.
It seems ending world poverty doesn't appeal much to you. It's ok. Eventually you will be convinced of how sound and important #basicincome gets.
Or maybe not, you won't. And we will keep disagreeing.
"#basicincome" shouldn't be given without someone at least attempting to work for it. Even if it's just advertising on a forum, or teaching someone, or growing a certain amount of plants in a garden to sell into the market, then they should be gifted basic income.

Even homeless people working as garbage collectors (Similar system to bottle collectors, ideally) would qualify them.

As long as they do something for the betterment of society, they should be eligible. If they don't, they shouldn't. It would be unfair for those who work, and would end up with everyone sitting on their butts getting paid for doing nothing, which would end up with everyone sitting on their butts, etc.

The problem with this is that a free market helps to allocate people to where they are best suited, and where they can provide the most benefit possible to society.

If they can do anything, they are free to do things that are a waste of their efforts. The government is not suited to decide who should work where, or what work is worth how much.

Advertising on forums for example, is very likely much less valuable to society than growing food or programming. That being said, neither of us are suited to decide that because we don't have all the information.

Any economic system that interferes with the free market--even if it helps distribute the pie more evenly--is likely to shrink the pie, and perhaps distribute the pie less fairly (there is a difference between even and fair).

The well-intentioned effort to eliminate poverty ends up making everyone less better off.
1592  Economy / Economics / Re: Only one currency used as legal tender in the world and #basicincome on: August 05, 2014, 08:37:18 PM
The reason we have currencies is that we live in conditions of scarcity. A basic income 1) reduces the incentive for work thus reducing the supply of goods and services, and 2) increases demand for many of those same products that now have lower supply!

Plus, the taxes that pay for said income also cause dead-weight economic loss.

I support welfare, but it must be done in a way to encourage work, not in a way that discourages it. A basic income takes money from hard workers and actually pays lazy people *not* to work.

Finally, a world government is a horrible idea. Governments today are already famous for their abuse of power. Even governments in relatively free countries like the US interfere in our lives far more than is reasonable and hurt our economies by introducing massive amounts of waste and perverse incentives.

Government is a necessary evil. While it is necessary, it is important to keep it as weak as possible. A worldwide government would very likely grow out of control, especially since many of the different cultures involved in it may not value freedom and limited government to even the limited extent that people in the western world do.
1593  Economy / Economics / Re: How much do you value your credit score? on: August 05, 2014, 08:27:36 PM
I used to care, back when I thought it meant something, and I have always had a fairly high score. In recent years I have been extricating myself from the credit economy. Since then I have more money than ever.
So when I was looking at large real estate tracts for sale I became curious about my score. When i checked I was delighted to see that I no longer have a score. Because I don't use bank credit I am simply rated un-scoreable. 
I could not be happier. I don't want a number from the same industry that puts out LIBOR scores and other works of fiction. What about you? Do you value your credit scores?

Credit scores are just a measure of trust much like the trust ratings buyers and sellers in this forum use. If you want to borrow significant amounts of money without collateral, you need a means of proving you are trustworthy. Credit scores may not be perfect, but they do help lenders manage risk.
1594  Bitcoin / Bitcoin Discussion / Re: What bitcoin myth you want to see us bust next? on: August 05, 2014, 08:15:41 PM
I'm curious about this, when the last block of bitcoin will be mined, what will happen?

My 2 cents:
The miners will gain only transaction fees so the electric cost will be higher than the revenue,
therefore the number of miners will drop drastically and the chances of 51% attacks will be huge.

Conclusion: when the last block will be mined, bitcoin will die.

myth?



I would like to see this one busted since I'm not completely sure it's untrue myself.
1595  Bitcoin / Bitcoin Discussion / Re: How to implement a Bitcoin system which works within intranet only? on: August 05, 2014, 08:13:06 PM
How to implement a Bitcoin system which works only within intranet ?

What changes need to be done ?
Any references ?

I'm no expert, but it seems to me this should work as long as any transactions in or out of the system (to or from the outside world) are somehow imported and exported to an online computer. I guess I'm not sure what the use of this would be, but maybe I am misunderstanding.

EDIT: Although I don't know how you'd get your transactions confirmed.
1596  Bitcoin / Bitcoin Discussion / Re: bitcoin is slowly changing my ideology from socialism to libertarianism! on: August 05, 2014, 08:11:00 PM
yeah ever since I got involved with bitcoins... my ideology is slowly changing from

being  pro socialism to pro libertarianism...

I now feel happy and liberated when I think about the pleasures of personal wealth..

are you having such changes?

I was a Libertarian-leaning conservative when I started but gradually became more of a hardcore Libertarian. I've actually backpedaled a little bit toward being more moderate. Maybe the liberal college environment is getting to me despite my care.
1597  Bitcoin / Bitcoin Discussion / Re: [POLL] When Buying Groceries...would you use BTC, GOOG or USD...? on: August 05, 2014, 08:08:39 PM
I'm happy to buy anything with Bitcoin. I just immediately buy more whenever I spend any. If I spend $50 in BTC, I buy $50 in BTC.
1598  Bitcoin / Bitcoin Discussion / Re: Just Sold $1k worth of Bitcoins to... a Black Guy (gasp) on: August 05, 2014, 08:06:47 PM
This makes me want to get into local selling. It sounds fun. It's almost like being some kind of international super criminal but without doing anything illegal.  Cheesy
1599  Bitcoin / Bitcoin Discussion / Re: #WARNING# NEW BLOCKCHAIN PHISHING SITE on: August 05, 2014, 08:03:10 PM
This is why checking the HTTPS info in your web browser before logging in is so important. Unfortunately, I'm not as good about that as I should be.
1600  Economy / Digital goods / [WTS] The Elder Scrolls Online w/ 30 Days Free Game Time & Explorer Pack on: August 05, 2014, 07:44:15 PM
I am offering to sell a brand new, unused copy of Elder Scrolls Online, elderscrollsonline.com.

I will pm or email you the keys after receiving payment. I am willing to escrow as long as the agent is willing and able to receive the keys on your behalf (so that I have proof that I sent them). Otherwise, you send first unless highly trusted.

What's Included:

  • Elder Scrolls Online Game Keys - No Discs
  • Explorers Pack (Play any race in any alliance) while supplies last.
  • 30 days free game-time. (You have to set up a subscription and accept a $1 hold to receive it.)

Price & Terms
  • $39 OBO (MSRP $59.99)
  • Payment via BTC, LTC, or DOGE Only.
  • $2 fee for LTC or DOGE payment.

If you have any questions, please post or pm me.
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