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1861  Economy / Speculation / Re: The Fed will not ease. on: September 14, 2012, 12:31:19 PM


Meh. Off by a trillion dollars. Silly me. Was using figures from April, I guess. Lol.

http://www.usdebtclock.org/
1862  Bitcoin / Bitcoin Discussion / Re: Did pirate hurt the bitcoin economy? on: September 13, 2012, 04:05:38 PM
Pirate didn’t hurt the economy he hurt people. Bitcoin is a little too big now to be hurt by a single criminal (or idiot).

I was always afraid that he was laundering money and a bunch of innocent greedy fools were helping him do it. Most people think “drug money” is all that is involved in money laundering. In reality, if you are laundering money without knowing why it could just as easily be proceeds from child prostitution or murder. People could probably rationalize it for drug money but I doubt they would for murder. If all these buccaneers lost was money and it was just a ponzi scheme - that’s a good thing.

There's no activity in the world can stably/sustainably produce weekly 7%, not even drugs. It's a simple matter of mathematics.
1863  Other / Beginners & Help / Re: Bitcoin through paypal on: September 11, 2012, 09:36:22 PM
and who will guarantee you won't chargeback. Just give it up.
1864  Other / Off-topic / Re: Let's talk about how hot Asian girls are. on: September 11, 2012, 09:31:12 PM
What do you guys think about this one?



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btw she's 57 years old, and this photo is very recent, from a few weeks ago.
1865  Local / 中文 (Chinese) / Re: What is preferred money transfer to China? on: September 11, 2012, 09:24:16 PM
western union for small cash, and bank wire for bigger amounts.
1866  Other / Beginners & Help / Madoff promised 10% annual returns on: September 11, 2012, 08:36:22 PM
Bernie Madoff promised most of his clients steady/safe 10% annual returns, and it was a ponzi. Just use this as a guide when you consider any "investment" on this forum, especially if they promise to be low risk/steady/safe investment.
1867  Other / Off-topic / Re: I am bitcoin 0 again on: September 11, 2012, 08:27:23 PM
Hey vite, sorry for your loss, I have this great investment though, pays 7% weekly, this should make up for your loss, just send to the address in my signature. Surely you'll get rich fast from this great opportunity.
1868  Bitcoin / Bitcoin Discussion / Re: Post-2007 SecondLife (sans admins), here we come! on: September 11, 2012, 06:04:51 PM
In Bitcoin, there's no linden labs to step in and say for example "no gambling"
1869  Bitcoin / Bitcoin Discussion / Re: Bitcoin's are totally useless once you have a state of WAR! on: September 10, 2012, 06:15:52 PM
There's a few people looking at Bitcoin as a survivalists currency, well a small hedge in disaster scenarios along with more normal stuff. Of course it depends on the scenario.

 How useful is a Bitcoin to an Iranian really? Now bear in mind how Gaddafi got on and he had a ton of Gold and Oil, both considered currencies. The difference with Bitcoin is just that the tech to track it is difference. Gold and Oil are just tracked in different ways... I'm not sure which is better or worse for different situations. Offline transactions are however, only offline...

If cash goes out the window in states of war what replaces it?

I read a story of a guy entrenched in a city in Czechoslovakia for a year. He recounted that gold was used but it was worth much much less than all the goldbugs might expect. Lighters and cigarettes were worth much much more. Gold simply wasn't really currency as the situation was so desperate. The key thing you need for gold and Bitcoin to work are some international trade. If you're completely cut off like you get in war (i.e. Iran now), then you can't get the other side of the transaction so that's the key.



Yep, gold is useful for inflation hedge, not useful if you are trapped in warzone, in a warzone food and any useful products are more valuable than gold.
1870  Economy / Speculation / Re: iPhone 5: Will People Cash Out on Bitcoins? on: September 10, 2012, 06:10:56 PM
who buys an iPhone here? anyone that is even slightly technical, would avoid the iPhone like a plague.
1871  Bitcoin / Bitcoin Technical Support / Re: bitcoincharts.com down? on: September 10, 2012, 05:16:58 PM
http://bitcoinwatch.com/ seems to be up still.

They rely on bitcoinchart.com for data.
1872  Bitcoin / Bitcoin Discussion / Re: theft/scamming way more profitable (and riskless) than legal businness on: September 10, 2012, 02:52:52 PM
Not if your customers start demanding minimum verifications. I see often in the bitcoin community, people are too easy to trust someone, without demanding
minimum level of verification. I think you better be putting up your government ID, your name address, and have them verified etc... before anyone would be willing to
do business with you.
1873  Other / Off-topic / Re: Will we get fooled again? on: September 10, 2012, 02:44:52 PM
If you're earning wages and paying into social security,
you're already getting fooled. The con is just longer,
but the basic principle is exactly the same.

mind=blown.

I hadn't thought of it in those exact terms before. I knew SSI was BS, but I hadn't made a connection to it being an actual Ponzi. That's exactly what it is, though, isn't it? If obligations are paid with later deposits, that's a damn Ponzi.

Hey... I don't suppose you can cash out all your SSI benefits all at once?  Grin

welcome to the red pill brother

Oh, I took that a long time ago. My issues with SSI were just coming from a different angle. Realizing that it is not only a government program I'm forced to pay into but a government Ponzi that I'm forced to pay into was just a little shocking. Wink

Social security is not a ponzi, the money is invested in bonds, that generate real returns, and pays out using those returns. It may end up to be in deficit due to unrealistic promises and mis-calculation, and require government intervention (for example raising the retirement age, as they have done before), but it is not a ponzi.
1874  Other / Politics & Society / Re: 92 year old WWII veteran kills intruder with rifle on: September 10, 2012, 02:31:19 PM
FAKE, a single shot from a .22lr can't kill someone, it's a fact, lol.
1875  Economy / Scam Accusations / Re: Bought 4 Graphics Cards from BTC guy, no response after a week on: September 10, 2012, 02:19:26 PM
Why not use escrow? You must demand escrow from the seller or no deal. In a non reversible currency like bitcoin, escrow is 100% required, even with trusted seller.
1876  Economy / Securities / Re: New IPO [GLBSE] [Bakewell] - Finally, a transparent investment that will grow! on: September 06, 2012, 02:44:25 PM
This is why people offer shares in increments, instead of all at once. That's how you reward early investors.

For example, first 50k shares 0.3
second 50k shares 0.32
3rd 50k shares 0.35
etc...
1877  Bitcoin / Bitcoin Discussion / Re: Google "bitcoin" and take a GOOD LOOK on: September 06, 2012, 02:38:08 PM
Google has been a piece of shit ever since the penguin update earlier this year, it removed many good websites from the top ranking, I've been having much
trouble with searching on gogole. I've been using Bing for several months now, so far so good, much better results than google.
1878  Local / 中文 (Chinese) / Re: pirate 关闭BS&T, 你们损失多少? on: September 04, 2012, 06:31:18 PM
这种高回报的投资,100%是骗人的。在国内放高利贷回报都没有这么高。
1879  Bitcoin / Bitcoin Discussion / Re: Asking Gavin & MagicalTux anything on: September 04, 2012, 02:08:08 PM
I think they have done one before.
1880  Economy / Gambling / Re: HungerCoins Lottery. Turn 0.01 into 500 bitcoins. on: September 02, 2012, 04:38:23 PM
Please stop creating DDoS attacks on the Bitcoin network.

I wouldn't consider 0.00001% of the transaction volume of credit cards, a DDoS attack, it's more of a stress test, to make the network more mature.
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