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1801  Other / Off-topic / Re: (GOAL): One Language ~ One Word on: March 23, 2013, 05:41:53 PM
North and South do indeed use the same language, just as Americans and Cajuns both speak English -- kind of. They can understand each other (aside from Spanish / Mexican style) word differences across a 50+ year gap in sharing information, but the pronunciation is much different, similar to someone in the deep country of South Korea.

As for a word to pick for South Korea? 관심 (Kwanshim). That about sums up the two Koreas and everything they stand for in a nutshell.
1802  Economy / Speculation / Re: I am about to do something massivley stupid on: March 23, 2013, 01:31:46 AM
You are giving solid unbiased advice. Something I doubt you would see on the bitcoin subreddit.

Really? I feel exactly the opposite. (Reddit is no dream, but the forums are a cesspool).
1803  Economy / Speculation / Re: I am about to do something massivley stupid on: March 22, 2013, 11:32:41 PM
Bottom line, whenever you get thrown a break, pay those debts down. Betting/Gambling is for suckers.
1804  Alternate cryptocurrencies / Altcoin Discussion / Re: What incentive is there for individuals/organisations to create alt currencies? on: March 22, 2013, 11:28:13 PM
Sorry missed a word there. i mean the other EARLY adopters.

Well, unless it's something that's particularly well known (like Paypal or Amazon for example), it's highly doubtful that it would have many early adopters. From what I read, these cryptocurrencies and Bitcoin spinoffs are starting small and building up slowly. In practice as far as I can tell, they have only a few early adopters before the coins are already distributed in a way to make them wealthy. From then on, it's not really "early" if you come into it, especially if it's a total pump and dump like most are.
1805  Alternate cryptocurrencies / Altcoin Discussion / Re: What incentive is there for individuals/organisations to create alt currencies? on: March 22, 2013, 11:23:21 PM
but that still doesn't give them an advantage over any other adopters.

It doesn't? So the 1 million coins that the first few hardcore miners mined isn't an advantage to say, you or I? By buying and selling bitcoins, we're making the first miners very rich.
1806  Economy / Services / PHP / Node.JS Developer on: March 22, 2013, 10:50:54 PM
Wanted: Quick delivery of numerous segments of a website that will use Node.JS and also be written primarily in PHP. You will be required to work before being paid, no exceptions. Will use escrow for all payments.

Serious parties only (not the drinking kind).
1807  Bitcoin / Bitcoin Discussion / Re: Meme: "Bitcoin user not affected" on: March 22, 2013, 09:18:59 PM
1808  Bitcoin / Bitcoin Discussion / Re: If Bitcoin were a country... on: March 21, 2013, 09:57:00 PM
Some interesting statistics.

Population: ~2000000 (estimate) (#148, after Botswana)
Estimate based on growth thanks to Max Keiser's 1000000 campaign.
GDP (last 365 days): $1.269 billion USD (#172, after Dijbouti)
Blockchain.info.
GDP per capita: $634.50 USD (N/A)
The average Bitcoin user grosses $600 USD annually in Bitcoin. Bitcoin seems to not yet be a significant portion of most people's lives.
Monetary base: $730 million USD (#120, after Fiji)
Based on total mined rounded down to approximate currency destruction.

Any others?

I'd be interested to see the rate of crime for this "country", the rate of "incarceration" (scammer tags, outcasting, etc) and the health of investments, stocks, bonds, etc in the businesses of this "country".

Are there any other countries where ponzi schemes are so prevalent?  Lips sealed
1809  Other / Off-topic / [NSFW] The only animated GIF that correctly explains what's happening at MtGox on: March 21, 2013, 01:04:51 AM
1810  Other / Politics & Society / Re: UN Gun control.... GO! on: March 21, 2013, 12:15:49 AM
Those librarians and their radical extremist late fees.
1811  Other / Beginners & Help / Re: Strange message about "trolling" on: March 20, 2013, 10:56:00 PM
I got the same error before. I didn't question it initially because I deserved it.
1812  Bitcoin / Legal / Re: FinCEN responds to clarification requests on: March 20, 2013, 10:36:15 PM
Lets get Jon Matonis to send them an e-mail, lets see how thaey address that one!



If you have a question then send it to them as well.  If they get many questions they may be more likely to respond.  if they don't answer a list of unanswered questions may show their guidance is not clear enough to be enforceable if they ever try to prosecute.  These are serious penalties so FinCEN has a certain level of responsibility to answer clarification requests.  I have never been involved with any activities that would be a MT or MSB so I don't mind insisting on answers.

FinCEN already made a ruling in legalese. If you want an additional clarification, typically you'd need to ask a lawyer, and even that could potentially be a *different* opinion, especially in a court of law. If I were working for FinCEN, I'd shy away from giving blanket statements of the legality of things to a wordpress blog operator too. I doubt asking Jon would help much in this particular case.
1813  Other / Meta / Re: This forum is infested with scammers on: March 20, 2013, 10:28:16 PM
I cannot even understand why are the forum owners allowing people to lend or borrow money? Not to mention the suspicious BTC funds appearing.

If these activities were banned then it would raise the quality of the forums surely.

I would like to add that the people who gets scammed on a forum partly deserves what she/he got. It's not wise to lend money on the internets or believe anything what a stranger offers (remember what your mom said about things like this) Tongue

Lending and borrowing money is a legal activity and Bitcoin is used as a currency. How are you supposed to develop an economy if you ban simple trading?

As for blaming the victims, it may be satisfying for the ego of some people and help them feel better about themselves, but it doesn't do anything productive. An economy is built on trust, and scammers simply destroy that trust/economy. We're looking to make the economy better, not make it worse.

No, lending and borrowing is not necessary. If you don't have money to do something then you shouldn't play with others funds. If you have a significant (worthwhile) project which needs funding then there are other ways to fund it (even with BTC).

The bitcoin economy is not equal to people doing shady businesses on this forum.


I understand what your message is believe it or not, but I have to disagree. Lending is necessary for the life of any economy. Think about what would happen if no one was allowed to borrow anything from anyone else. It gets out of hand if not managed responsibly (like most things), but borrowing isn't bad. Go read about the differences between"good debt" and "bad debt".

On a side note, lending BTC should only be done by people who are long BTC.
1814  Alternate cryptocurrencies / Altcoin Discussion / Re: Time to kick-off Bitcoin2? on: March 20, 2013, 03:55:51 PM
litecoin is just a copy of Bitcoin.

As open source software that anyone can alter, compile and distribute themselves, it's not the bitcoin software that is currently causing a price bubble of $62.00 USD, it's the blockchain this *particular* implementation of bitcoin is protecting. Basically, the market is saying that this blockchain's security is worth $62. It has nothing to do with being the *only* bitcoin available, just that it's the longest and most active chain. If litecoin were to be just as long and active, the price of bitcoins would go down as a direct result.

Bitcoin is not a precious metal. It is not complimentary to silver as gold is, to the point that Bitcoins would be at $10 and Litecoins at $1. That is all mental acrobatics by people who don't understand investment vehicles and stored digital values. Think of it like a company called "Bitcoin" and another called "Litecoin". Both of them make exactly the same product, but one of the companies is newer, has less history behind it, but their product claims to be immune to some of the problems the Bitcoin company's products are seeing (Apple vs Android anyone?).

If your reasoning for Bitcoin being better is the current spot price, or that "there is only one true bitcoin", you're not understanding what bitcoin actually is. It's just a vehicle for storing value. There can be dozens of vehicles, and each one can have it's own followers that give it a "worth", and it is most likely that the most useful and safest vehicle will be the most expensive.

There can be 100 different bitcoin implementations, and *all of them* can have exactly the same price. As a matter of fact, with the issues of premining, hoarding and limited release, I'd be surprised if a large portion of bitcoins didn't eventually move to a second blockchain once things become unprofitable and a bit too much like the current governmental distribution of wealth we have now. Just my two cents.
1815  Bitcoin / Bitcoin Discussion / Re: Is it smart to use mtgox as your bitcoin wallet on: March 20, 2013, 03:39:13 PM
history has shown that there is a sudden high unforeseen fee for letting a third-party handle ones bitcoins.

Don't you mean discount? A five fingered one?
1816  Economy / Speculation / Re: May want to move your funds from MtGox this week on: March 20, 2013, 01:52:46 PM
The biggest weakness is a full blown raid of their office.

Or legal complications involving their new US presence or other draconian threats that would lead to accounts being limited or frozen. I'm not much of a conspiracy theorist, but there is plenty of evidence on these forums of "special" cases where people have found their funds suddenly unavailable, especially at the Paypal of Bitcoin, MtGox. The excuse for which is irrelevant imo, but is usually under the blanket guise of "AML compliance". So you can't process a transfer to the bank? Fine, send the funds back to the owner then.

If you value your bitcoins, treat it like you would gold. Stop lending in USD, stop gambling it away, stop investing. Bitcoin *is* the investment vehicle so long as the price is so volatile (it will settle one day, and then investment again might make sense) and unless I'm mistaken, there are no insured exchanges nor exchanges that are willing to go to jail to keep their customers happy in any situation.
1817  Economy / Speculation / Re: May want to move your funds from MtGox this week on: March 19, 2013, 07:00:28 PM
Normally I'd be against alarmist posts, but since there isn't much reason to have MtGox holding your private wallet contents in the first place, this post just rings of common sense and nothing else. Bitcoins should always be under your own control until you're ready to spend them.
1818  Alternate cryptocurrencies / Altcoin Discussion / Re: Time to kick-off Bitcoin2? on: March 19, 2013, 02:53:00 PM
And some smart way of exchange between the old and new Bitcoin.


Bitcoin is a zero-sum vehicle whose spot price is derived entirely from speculation. If it were centralized, transferring said value from one vehicle to the next would be easy. Since it is decentralized, every single bitcoin holder, miner and user would need to agree.
1819  Other / Beginners & Help / Re: Parents are murderers of their biological children. on: February 24, 2013, 09:54:05 PM
I noticed you used lots of loaded words like "life" meaning both daily life and living in itself, as well as "leads to" when you really meant "happens alongside but has no direct association whatsoever with". Still, I'll bite but only if you fix your sloppy English:

Life always leads toends in death.
True, and it is always taken by force of some kind (although it's a stretch in English to call a microbe, germ, deterioration or even a disease a "murderer" anymore than you can call gravity and a rock "murderers" when in combination they happen to kill someone. Guns don't murder people...).

Birth leads to life.
This is fundamentally backwards. Life leads to birth. In no point in history has birth ever not been preceded by life.

Conception leads to birth.
Life existed before conception in different forms. You'll really need to define this "life" thing further.

Parents are responsible for conception.
This is simply not true. Test-tube babies, fabricated DNA, rape anyone? You'll need to define "parents" a bit better too.

Ergo parents are murderers of their biological children.
Parents are responsible for their children, it is true to a logical extent, but only in the event that they are aware of said responsibilities. If your parents birthed you on Mars, knowing you would not survive, that's pretty screwed up of them I'd say and that's basically the same thing as murdering you purposely. If they birthed you in the Garden of Eden and you happen to trip on a rock and break your neck, well that's the rock that murdered you then, ain't it?  Wink

Pure logic.
Prove me wrong

It's hard to prove something wrong that can also not be proven right in the language it was written in, ergo please keep your acid trips to non-internet connected rooms in the future.

1820  Other / Beginners & Help / Re: Somebody quick sell me an honorary doctor title! on: February 21, 2013, 12:58:09 AM
For his valuable contributions to my personal funds I hereby award the title of

DOCTOR OF FINANCIALITY
(honoris currencia)




to

The Good Lord 666

signed

Ceremonial Master of Titleography

Grey Hawk

Witnessed and approved.

signed

Retired Clown

Matthew N. Wright[/center]
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