Mouse, I agree with you. But the Bitcoin community is very big and there are people with different opinion regarding technology. Its how it is.

The problem is that bitcoins are pseudo-anonymous and political donations are striclty controlled.

BTC Economist, your trolling has been low quality and repetitive lately. We demand higher quality and more entertaining trolling.

Hahahaha. You broke my irony detector.

Overclocking is simpler in Linux than in Windows. You have a graphical program AMDOverdriveCtrl that allows you to change the voltage, fan speed, gpu Mhz and memory Mhz (ignoring bios limitations, no need to flash bios). You can use the same program in console if you prefer so or use aticonfig.

Social-democrat: Social-democracy will help everybody.
Other: Then why does it always concentrate the wealth in a few hands and hurts the poor?
Social-democrat: Because this is not a real democracy. We need a real democracy.

"History of Money and Banking from the Colonial Era to the IIWW" by Murray Rothbard

Perfect to understand how different monetary systems work in reality. Also in pdf.

No. Difficulty went up, so we are supposed to produce less bitcoins (which is what is happenign). But luck is calculated for each difficulty level. So we are producing less bitcoins now because difficulty went up, but given the expected median production at this difficulty level we are being lucky.

I think this answer says everything people need to know about you.

Its very simple to understand the difference between what someone claims and what they really offer. I know you need to act all cocky and aggressive because of your insecurity, but if you drop the attitude you will understand it.

Then your mind is wrong.

Btw, communism is a very hierarchical system, is political darwinism.

This is not true. This is what the USA government accused him of. But just check the 5 dollar notes and tell me they can be confused:



And why would he want to pass something more expensive for something cheaper? It would be stupid. It was just an excuse by the USA government.

Do you realize that difficulty is a direct function of hashing power? If hasing power decreases dificulty decreases as well.

Mining will be a very low yielding business at the end. Its too easy to get in, so obviously competition is will be fierce.

 

But you are asuming that there will be people willing to sell at 5. If those people were there before the price would have gone down already. Lets actualize your example:

You have 10 bitcoins. You sell 5 of them:

1 for 9
1 for 8
1 for 7
1 for 6
1 for 5

Filling up a bunch of people's buy orders. You now have 35USD and the market is sitting at 5, meaning that the last transaction was at 5. Now you start to buy and someone due to the "panic" is willing to sell at 7, the rest only at 9. So you buy 1 bitcoin at 7, leaving you with 28USD then you buy at 9. With 28 USD you can only buy 3 bitcoins and are left 1 USD.

So you started with 10 bitcoins, and end up with 9 bitcoins and 1 USD. You lost.

As I said the only way to win in this situation is to create a panic, play with the psicology of the people and make them sell. But this is risky because if people dont buy the panic you are the one losing money.

I would not upload my private keys to the internet no matter how much encryption. That is just my personal perference though.

1. Bitcoin is not a fiat currency.

2. The only way you can profit from doing what you propose is by playing with psicological factors, like creating panic and make that other people sell along you, so you dont have to masively sell. This is why we had so many trolls trying to create panic here in the forums. But this is a very dangerous game because you never know how the people is going to react, the psicology is always different, so you can end up loosing big time. Its quite risky.

I really dont understand why anyone would trust the present financial system.

He was arrested because he was running an alternative currency that was starting to take hold. Nothing else.

Basically yes, savings tends to be investment.

But for this to happen you need a financial system, which Bitcoin does not have (yet).