I was taught to save but luckily I figured out how to think for myself at a young age. And I realised the only value cash had was what it could purchase. I've been cashing out my entire life. and if I need cash I have plenty of valuable assets to liquidate.  I've only ever been with a credit union. Never had or wanted a credit card. I think it's great people are finally getting sick of the banks. I couldn't imagine paying fees and charges to someone who is also earning interest on my money. I like everything you said  Everything I buy I think about liquidity, resale value, depreciation...and often I can own/use something for years and still get much of what I paid back out when I'm done by buying quality stuff. It costs more upfront, sure. But only suckers buy cheap tools. It's funny, I had grown up with parents in debt and always known that I had no use for a credit card. I held true to that for years but somehow a girl I was dating convinced me to get one, probably with some sort of "build up credit rating" argument. Somehow 1 turned into 3 or 4, and no balance turned into a small balance. Then a big balance. LOL @ myself I guess I like to learn things the hard way. At least I learn. |
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Besides, I'm 25....if I had a savings account with money in it I'd be some sort of freak of nature.
Why? No plans for the future? My parent learned me to save money if I wanted something and never buy stuff that is on loan (for a house is the only exception). In the end you ALWAYS pay more. Also stuff can break, having some money on a savings account allows you to buy a replacement (again without requiring a loan). My plans for the future involve CNC tools, metal, CAD software, etc...all of which are expensive. I can have money for no future, or no money and and ever increasing set of skills to leverage for income in the future. And I don't agree that a house is acceptable to take a loan out on. A $100,000 mortgage ends up costing $350,000+ last time I ran the numbers in this area. I'd rather live in a shack and save my pennies. My statement was really more of a cometary of the financial position of most people my age. $0 savings, $40,000+ in student loans is the NORM in my world. And in yours, too, if you look at the numbers (for 20-somethings, anyhow...but nobody else is doing much better) |
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Savings account? I guess it was empty anyway.
Ravaged for mining hardware long ago Besides, I'm 25....if I had a savings account with money in it I'd be some sort of freak of nature. |
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They say "is there anything I can do to retain you as a customer sir?" and then you say "no, not a damn thing".
And it makes you feel good. They had their chance, but remember those late-fees that they stacked on after charging just enough of a monthly "service charge" to make you bounce that payment you had enough in your account to cover the previous day. Yeah you do. Fuck that
I've closed over 7 accounts in the last hour, credit, checking, savings, recurring hulu charges....it feels great
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My GF says its "cuckoo crazy" and whenever I tell her its reaching a new record high she says all the more emphatically, "you need to sell!". I tell her she said the same thing last time. Then when there's an eery silence over a very shallow market, and I worry it has topped and is about to tumble down, I tell her I'm selling and I sell some. Then it goes up another 50 cents. So I tell her it just went up another 50 cents and she said "why didn't you sell 50 cents higher?!" I buy back in 50 cents higher.
I'm going to stop taking her advice.
LOL |
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The Bitcoin price is getting ridiculous, I'm expecting a metric f*** ton of new miners joining within the next weeks.
Yeah... count me among them. I just dropped a good wad of USD on a dual 6990 machine. Should be arriving sometime in the middle of next week. Wonder where the difficulty's going to go from there? up |
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Do I hear 60 BTC to the US or 70 to a foreign country?
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I have a solution for you; go to https://www.instawallet.org/and enjoy bitcoin Couldn't be easier then post your address here and I'll instawallet you the .27btc I was using to try it out myself Thanks but I am not willing to try something new until I get these other issues resolved. If I can't get them resolved them I don't think I'll continue... frankly I am beginning to wonder if it's just a well orchestrated scam... and trust me, I WANTED to believe, I really did. I looked up the whois for mybitcoin and sent an email to that address. We'll see how it goes. Just visiting instawallet makes you a wallet address, keeps your balance, remembers your computer....perfect for you it seems Then again, this whole forum is just A.I shill accounts having complex conversations to simulate human involvement. Edit - re-reading your post it sounds like you changed, and then forgot your password? mybitcoin doesn't have any system in place for that, they even say so. Don't blame bitcoin for forgetting a password |
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Getting out of the dollar hurts the whole complex. I'll be very happy when my day-to-day money, bankroll, and savings are all able to be in coins.
Ditto^ I feel like I'm going to like learning about this whole S.L.A thing...because it mirrors the reasons I've gotten into bitcoin. Of course it'd be silly for me to put 100% into bitcoin right now, so it's good to have some similar avenues to pursue as well. |
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I have a solution for you; go to https://www.instawallet.org/and enjoy bitcoin Couldn't be easier then post your address here and I'll instawallet you the .27btc I was using to try it out myself |
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This is ever so slightly off topic, but did people signing the PSN EULA waived the right to sue in case of identity data theft? I'm guessing that a class action could hurt sony, even if only a bit, and I for one would put some coins down to see that happen My understanding is that class action suit has already been launched Also - lowered price |
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I'm glad they are doing this, hopefully it will result in faster bitcoin adoption.
I found bitcoin because I wanted to donate to WikiLeaks. I wanted to donate to WikiLeaks when MasterCard cut them off. Don't tread on me MF. FTFW This is also why I got into bitcoin. I am riding my bike to the bank, depositing enough cash to pay off every mastercard I have...and closing them down |
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If your $3000 + $151/month rig can churn out 2100MH/sec, Bitcoins remain at 2.3:1, and difficulty increases slow down (unlikely) to 10%/period, then my model has you breaking even on your original purchase at month 8.5, after which your $151/month electricity bill overwhelms your income. Add hardware depreciation costs to that, and you never break even. Use 15% difficulty increases (following the latest trend) and you never come close. If BTC:USD falls below the current 2.3:1, you're completely out of luck.
This makes no sense; you write-off the cost of the miner completely right off the bat ($3000)....and then say "Add hardware depreciation costs to that". Uhhh, what is that $3000 exactly? |
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Price lowered to 90 BTC shipped
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"Honestly, I would have expected the membership on an overclocking forum to be a bit more tech savvy."
You said it brother. I seriously didn't see a single google-search informed opinion the whole time. One damn google search
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I can't watch the video, but the idea that there has been zero reporting in the media is false. I've seen it. Unless you don't consider Fox Business News channel to be "mainstream".
OK...little attention. Attention disproportional to significance. |
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I have 7 mint condition Schrute Bucks I'd like to sell. These of course bear Dwight Kurt Schrute III's official signature, as they must to be official tender. The current exchange rate is 7.71428571 BTC per Schrute Buck, and I'd like to sell all 7 for 54BTC  |
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"A lot of people seemed very concerned about what it is computing and whether it's cracking passwords or whatnot. This seems like a frequent worry that people have. Do we have a good FAQ entry about that?"
Ditto. I commonly see speculation that bitcoin is being used to break into computers by cracking passwords, or makes you part of a botnet.
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I am simply charging 136 bitcoins for the ps3 and including the pre-order at NO EXTRA COST!!! Do you not have these kinds of annoying ads over in the UK? It's pretty common to hear "buy a car, get a TV for free!"....but of course the cost of the tv is included in the cost of the car. Or perhaps you are way, way better at internet sarcasm than I am |
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