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Yep, something is going on.
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This. I made a send BTC button in my browser extension. Few people seem to need it. Its not that few people need it. I, for example, would not trust the browser with access to my bitcoins. I think its too risky. |
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Well, I can only say watch this space.
We are about to soon find out how Bitcoin would work in the case of a sovereign default and all that goes with it.
Maybe this will turn out as a big historical record for this community.
I'll keep you posted. What you should try to do is convince a community of farmers to accept bitcoins. If people can buy food for bitcoins then they will have a powerful reason to use bitcoins, sepcially during a collapse. |
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Computer hardware and music.
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yes bitcoin has value because people believe it has value.
same with fiat money Actually no, its not the same with fiat money. Fiat money is imposed violently, usually by the governments, and that is why people use it. If people were given the choice of voluntarely choose their money I highly doubt the government money would survive. That is why they impose it violently. |
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I haven't got a clue why this hasn't worked for you ? I won't be adding 11.6 to linuxcoin anyway it's very VERY unstable, stick with 11.5 for now. I got it working now and 11.6 does allow you to overclock outside of BIOS limits. The problem is that I was not installing the drivers properly. The driver seems stable in Ubuntu 11.06, but I guess it has different versions of X and other software. |
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Damn, I just read that XFX cards aren't tweakable.
Thanks for the replies guys.
There are two types of XFX 8570. I own one of each. There is one with the fan at the back. This one is fully tweakable and a very good card. Then there is the one with the fan in the middle. This one can be tweaked as well, but it has less sensors, it gets hotter (like 10ºC hotter under the same conditions) and I would not recommend it. |
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Looking forward to working with everyone whos interested in this project. Don't be scared. And if your not into the porn industry, don't worry about it. Let us handle that. This environment will be very clean, and professional, and I will not ask any of the people working on this to participate in the porn related promos/scouting/ or anything to do with sex. Just had to get that out of the way 1st and foremost.  What? That looks like the best part of the project!  Seriously, I think this has a great potential. I am a programmer but not a web programmer. If I was I would love to join your team. Do you have any security credentials? Or anything to contribute to the team? Right now there is no solid members so positions are still avail for anyone who has the skills necessary. I have gotten many pm's of people who want to take over all the jobs, but like I said my aim is quality. It IS going to be an expensive site, that will hopefully gain respect from the entire adult industry. I know if everyone is focusing on just one job, that job will be done 1000x better, thus making more bitcoins for everyone on the team ! I worry about the long run, not short term money which is what 90% of people are after. Im more of a C and embedded programmer (I studied electronic engineering). I have experience in python, Vala and some Java also. I dont have proffessional experience in web development. All I have done in the web is put up a Drupal blog: http://www.errorespuntuales.es/ The design is mine and Im very proud of it since its not "my thing" (the logo was not my decission). |
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Yes I agree. But I wonder why you make the distintion. Facilitating trade is just another function.
I make the distinction because of the definition/etymology of 'currency'. Currencies, as the name implies, permit trade to FLOW (like a current). http://www.etymonline.com/index.php?term=currencyYes... and a lot of things flow too, even literally. What I want to say is that to you f.e. a shovel is not a means unto itself neither I guess? Because it is used to dig wholes. But you could say the wholes are for something else. Where do you draw the line? You could even say that eating is not a means unto itself, its just a way to stay alive. Its all a matter of definition and subjective opinion, so discussing if something is a means unto itself its rathe pointless. That is what I am trying to say. |
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Facilitating trade is not an end unto itself?  Nope. I thought I made myself clear on that point. They're a medium of exchange. They're desired because they facilitate trade. They're not desired because someone wants to place them on their lawn, atop their TV, eat them, etc. Some weirdo might have a goal to accumulate them without EVER using them to facilitate a trade for SOMETHING ELSE -- but I have yet to run into such a person. And I doubt that you have either. Yes I agree. But I wonder why you make the distintion. Facilitating trade is just another function. |
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After dacoinminster I am ashamed of only proposing one idea, but here it goes:
A graph of bitcoin-usd exchange price, and with an arrow pointing at different positions over time, texts saying "Bitcoin will collapse soon", "Today is the last day of Bitcoin", "Bitcoin collapses and will never recover", etc... all while we see the price of the exchange oscilate but with a upward bitcoin trend.
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They're an electronic currency which can be sold or bought for legal tender currencies.
FYP Converted / Sold / Exchanged. The point is still the same. They're not an end unto themselves, they simply facilitate trade. Facilitating trade is not an end unto itself? |
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Alternative currencies are not ilegal.
Maybe I'm wrong hugolp, but Gov has a monopoly on "legal tender/money." Surely you know the Liberty Dollar guy was convicted? I would enjoy the experience of being taught otherwise*, thanks. *I'm not being sarcastic, I don't always come up with the right words. 1. Legal tender laws dont forbid other currencies. Legal tender law forces you to accept dollars (or the currency of the government of each country) to settle all debts. This is actually attacking your right to a contract. F.e. Imagine you sign a contract stating that you will do X in exchange for an amount of silver. You do X and when it comes to pay you the person refuses and offers dollars. You dont accept since you want the conditions of the contract. The courts will rule that he/she can pay you in dollars instead of silver because its legal tender, and therefore good to settle any debt. This is why (almost) nobody signs a contract in anything that is not dollars in the USA. If you do it does not matter because the other person can settle in dollars anyway, so everybody ends up using dollars. 2. The government does not forbid compiting currencies directly. What it does is give tremendous advantges to the dollar, basically legal tender laws and forcing everybody to pay taxes only in dollars. This is enough to create a de facto monopolly, but it looks nicer and less facist. 3. Liberty Dollar was taken down because it was accused of copying the government money. They said he wanted to fool people into believing that the Liberty dollars were Federal Reserve Notes. They were not charged for operating an alternative currency, since its legal. The acussation is obviously an excuse to take down a competing currency that was starting to take off. Its one more prove that they will do anything to impose a monopolly on money, but they will try to do it in the nicest way so they can say that they are not imposing the dollar. |
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Right "trade" / "trading units" / Barter == Legal Money/ Currency == Illegal. My point exactly. Alternative currencies are not ilegal. |
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But the thing is... Those two things go hand-in-hand. If you have the potential for continued deflation, every time new investors come into the market they will attempt to price in future gains. Since Bitcoin does not have a liquid futures market this gets played out on the exchanges in real-time.
But there is a problem. New investors don't have Bitcoins, and right now there is nobody that will give them the ability to have naked positions, because that would effectively mean lending Bitcoins. But who would lend Bitcoins if they can get a good return on them just by keeping them? This means that new entrants have to buy Bitcoins, they can not borrow them to trade. It is a catch-22. Illiquid futures trading means higher volatility, which means limited volume, which means higher volatility and so on.
It is a situation that may eventually correct itself but it will take more investors with larger positions first, because there presently isn't a good means for them to leverage their positions. I don't think that is a bad thing, because once investors are able to create leverage they have more levers to engage in market manipulation. And with the wild-west nature of Bitcoin markets you can bet this will happen, so the availability of leveraged trading might not really do it either.
There just still isn't enough liquidity to even out the price because of it's rate of growth. And this will not happen until we have market makers with deep enough pockets and cast iron stomachs... Youve said very well what I was saying, that Bitcoin will be volatile for a while. And that is why it will be difficult to think in bitcoins for a while. Well get there, eventually. |
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Bitcoins also exist. Just saying...
Sure, virtually : ) So do nightelves, by your logic.  ? Are you a troll? |
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I completely agree with you, but this will only be posible when the bitcoin exchange price stabilizes a bit.
The stabilization might be happening already, who knows. After the rise up to $30 and the correction back to $20, we might see some stabilization of the price, although we dont know yet because all the last events have been moving the price. When the air clears will see.
Price stabilization for Bitcoin is a myth. It presumes that Bitcoin can be treated as a Dollar proxy, which it is not, and never will be. OP has the right idea, the key is to start thinking in terms of Bitcoin pricing instead of in terms of just an exchange rate. Businesses that deal in Bitcoins but only do their accounting in Dollars or some other 'native' currency are in for some nasty surprises. Bitcoin should be treated as a native currency for accounting purposes to ensure that Bitcoin based costs, inventories, and incomes are dimensioned correctly. If businesses fail to do this they will be left wondering why their projections are so far off and why their decisions were so costly. Right, dont take literal. Bitcoin will always have some price deflation. What I meant is that with the price going from $30 to $6 in a couple of weeks... well, its hard to do economic calculation. When bitcoins stabilize a bit more and start being price deflationary in a more constant way, then it will be a lot easier to start thinking in bitcoins instead of dollars, and people will do it automatically. Right now its not doable. |
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Gold is used for jewelry
Gold is used in electronics
Gold is used in dentistry
Gold is used in aerospace
Gold is used in medicine
Gold is used in architecture
Gold is used in making glass
Gold is used as an award
Bitcoins can only be used virtually, so you cannot compare them line-by-line to something that actually exists.
Bitcoins also exist. Just saying... |
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No it's true I tested last nite but lots and lots of system crashes ? I dont get it then. My XFX 5870 wont go over 900Mhz with 11.6 drivers. Are you using some special command or something? |
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