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1801  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 09, 2013, 12:41:04 AM
To all those who are salivating at the thought of the fall of USD, when and if the USD falls, then it will be replaced by Chinese Renminbi. When and if that time comes, you will be sucking the China man's dick.

Couldn't happen to soon.  Being the worlds super-power with troop garrisoned all over the world is provoking a lot of corruption or our original principles as a nation.  After the legacy of death squads, 'signature' drone strikes, Abu Ghriab, etc, a person would have to be a complete imbecile to buy the BS about our 'spreading freedom' or whatever.

It can be legitimately argued that our empire provides 1/4 of the world resources to 'us', but the spoils of war are increasingly mal-distributed so more and more it's the trailer trash that does the dying and the Wall street types that do the wealth accumulation.

As a nation we've got great resources and infrastructure within our borders, and lack a lot of the problems that the Chinese have (especially overpopulation.)  We have the potential to provide a decent quality of life for all of our citizens, or those who will do the bare minimum to participate at least, so I don't fear a fall from our lofty current situation.  There will certainly be an internal struggle to see what class shoulders what percentage of the reduction in inputs (hence ballooning police state apparatus) which is my main concern.

I have pretty close to zero concern about some Chinese guy showing up on the coast and making me suck his dick.  Some honky from Washington DC doing so is a vastly bigger threat to me.



However the US has done one thing, it has shown restraint when it had and has now vast nuclear advantage. I wonder what other countries with such and advantage would show the same restraint

If they had any sense they would, but perhaps that's too much to expect nowadays
1802  Alternate cryptocurrencies / Altcoin Discussion / Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address” on: August 08, 2013, 07:58:05 PM
I suppose first and foremost, we should decide if the last part of the protocol is feasible. If not, I would suggest we start over with the fund since I don't think it'd be fair that the plans changed before August is even over, and people will have a chance to reevaluate what they want to invest. But that's definitely for discussion. If it is, then we carry on! We'll let J.R. explicate  to everyone what he has concluded during his 1 week moratorium.
1803  Bitcoin / Press / Re: 2013-08-04 WSJ: Famed Trader Joe Lewis Backs Bitcoin (hoax) on: August 08, 2013, 09:19:15 AM
Phinn, do you peruse these guys manually or do you have some neat detective tool? because I truly admire your perseverance!

I paid closed to $20K for the program I use.

Our very own resident private eye! Let's see you scammers mess with us with this sort of power on our side! Cheesy
1804  Bitcoin / Press / Re: 2013-08-04 WSJ: Famed Trader Joe Lewis Backs Bitcoin (hoax) on: August 08, 2013, 09:11:30 AM
Phinn, do you peruse these guys manually or do you have some neat detective tool? because I truly admire your perseverance!
1805  Bitcoin / Press / Re: 2013-08-04 WSJ: Famed Trader Joe Lewis Backs Bitcoin (hoax) on: August 08, 2013, 09:04:13 AM
what a kook
1806  Economy / Goods / Re: Three different Bitcoin coffee mugs - "honey badger" , "qr" and "cryptography" on: August 08, 2013, 06:07:26 AM
any more ideas adam or any of you guys? personally i don't like how Snowden's right hand currently is. and perhaps i'd prefer the honey badger smoking the J, MAYBE with snowden lighting it for him with a greenback?
1807  Economy / Goods / Re: Three different Bitcoin coffee mugs - "honey badger" , "qr" and "cryptography" on: August 08, 2013, 05:35:32 AM
hahahaha love the honey badger's "middle finger"! Smiley

Let me mull it over for a day or two and think about what we can improve on this, but it looks AMAZING! again, thank you for taking up this commission Smiley
would it be easy to have them looking more out rather than inward? as in, at the viewer of the picture?

by the way guys, I plan on applying for a creative commons license for this pic. All noncommercial work free, and i might have a stipulation to donate a portion of the profits to various charities if commercial. first one i was thinking was for the snowden defense fund. then later, possibly sean's outpost but who knows at that point.
1808  Bitcoin / Press / Re: 2013-08-04 WSJ: Famed Trader Joe Lewis Backs Bitcoin (hoax) on: August 08, 2013, 05:14:01 AM
tl;dr http://www.teribuhl.com/2013/08/06/the-mess-the-wsj-made-famed-trader-joe-lewis-not-investing-in-bitcoins/
Aug 6 RT on Andrew Laurus's twitter "How @HarrietAgnew , Robin Sidel, and WSJ editors made a mess of the Joe Lewis BTC story"
1809  Bitcoin / Press / Re: 2013-08-04 WSJ: Famed Trader Joe Lewis Backs Bitcoin (hoax) on: August 08, 2013, 05:10:11 AM
https://twitter.com/frankieterrier

Quote
Andrew Laurus ‏@frankieterrier                           5h[ours ago]

received today communication from #joelewis lawyers Alston & Bird LLP Atlanta / re:Phoenix fund will postpone comment until matter settled.

Quick! Somebody pass me a towel. I'm about to cum.

how can you sue someone...who doesn't even really exist  Huh
1810  Economy / Speculation / Re: Fundamental analysis thread on: August 08, 2013, 03:41:11 AM
Him recognizing that bitcoin was a form of money just means that in that specific case. It's no different than how bitcoins were viewed before and doesn't really change anything on a monumental level. FinCEN still only has jurisdiction over the AML part of bitcoins, and the CFTC still doesn't have jurisdiction over its exchange.
Can't look up the links atm, but in at least one north-European country bitcoins were ruled a commodity, implying VAT or sales tax on all transactions. I would not dismiss the US ruling as insignificant. For example, cases of theft now have an important precedent set.

I know about Germany. You can actually sell bitcoins there after a year after purchase tax-free. We have yet to come up with anything on a similar level at the legal level. I'm curious to see what happens when different states decide different things on Bitcoin.
1811  Economy / Speculation / Re: Fundamental analysis thread on: August 08, 2013, 02:45:51 AM
Him recognizing that bitcoin was a form of money just means that in that specific case. It's no different than how bitcoins were viewed before and doesn't really change anything on a monumental level. FinCEN still only has jurisdiction over the AML part of bitcoins, and the CFTC still doesn't have jurisdiction over its exchange.
1812  Bitcoin / Bitcoin Discussion / Re: Crowdfund Homes in Detroit? on: August 08, 2013, 02:41:29 AM
the point is, there's so MANY better places to live in this world.....life is too short not to live in a place you want to live
1813  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: August 08, 2013, 02:12:24 AM
i wonder how many BTC are left that haven't been withdrawn from gox, and how many of those are for sale
There is 89 851BTC still on the order book and probably many more sitting idle on gox.

now how many gox dollars are left is the question....
1814  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: August 08, 2013, 02:05:47 AM
i wonder how many BTC are left that haven't been withdrawn from gox, and how many of those are for sale
1815  Bitcoin / Bitcoin Discussion / Re: Crowdfund Homes in Detroit? on: August 08, 2013, 01:55:31 AM
i'd laugh at this, but it's actually just sad

Report: Nearly Half Of Detroiters Can’t Read
1816  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: August 08, 2013, 01:37:58 AM
try harder!!!
1817  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: August 08, 2013, 01:05:42 AM
Any time now....
1818  Economy / Speculation / Re: Everyone will cash out at $1000 on: August 08, 2013, 12:58:05 AM
A million per coin sounds like a more likely ceiling than a thousand. I actually think it will slowly rise to a few million once it hits a million (in 2018 I predict).

2028 is more likely IMO. And no! Other wannabe currencies will likely worth less than they are now.


crypto market fork  Grin
1819  Alternate cryptocurrencies / Altcoin Discussion / Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address” on: August 08, 2013, 12:04:52 AM
That's why I'd like to communicate as openly as possible to mitigate against parties acting only in their own self interest.
1820  Bitcoin / Press / Re: 2013-08-04 WSJ: Famed Trader Joe Lewis Backs Bitcoin (hoax) on: August 07, 2013, 11:38:05 PM
Bullish press, I'm okay with that even if misleading.



first link reads the same as all those news reporting Thailand banning bitcoin drama.  if you read carefully forbe's artile, you will see that court decided against Shaver's claims that BTCST did not operate in investment securities and did not fall under SEC jurisdiction, which court decided against. The Judge simply recognized Bitcoin being as a form of money which can be used in investment securities, exchanged for traditional currencies and to buy goods and services with it.  There were no official ruling on whether Bitcoin is legally defined as a currency or not.

in other thread you mentioned Liberty Dollars and that there is a bunch of laws designed specifically for currencies inclining that bitcoiners may be in trouble with this 'precedent' for making their own money. Firstly you dismiss the fact that US does not prohibit private currencies, there are few that exists and function today in the US. Secondly bitcoin does not try to compete with and look closely resembling with legal tender for which LD got in trouble; there are no single entity issuing Bitcoins and no single miner has control over bitcoin's production mechanism and clearly do not fall under any currency counterfeiting laws that protect USD.
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