Global GDP is much slower more like ~1.8% annually. If Bitcoin replaced all other forms of currency and was used universally everywhere the purcashing power would only rise by the rise in global economy. So there won't be a scenario where it is growing 10% annually (in real terms) forever.
Also it isn't necessary for currency to exceed the wealth of the world. Global Currency (M0) is ~$5T, even if we use a broader definition of money M1 is something on the order of ~$25T, and M2 is ~$75T. Global GDP is ~$75T and the best estimates on global wealth are >$240T.
In this hypothetical scenario a lot depends on how much Bitcoin displaces. Its closest equivalent is M0 but you can the argument that it would displace a large portion of the money multiplier (or drive it down) and thus the Bitcoin Money supply (in this dubious single currency scenario) might be something on the order of M1. Still global wealth would be at least a magnitude more. In other words the global money supply might be 21M BTC but global wealth (in all forms) would be something like 210M BTC.
So in short. No.
Thanks. Displacement is a good term, and where I was having a hangup. A "valuable" stone is still currency in some form. Everything, in a sense, is money. I'll think about what you wrote some more. |
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Bump. Anyone get what I'm saying here, or is it just a dumb question?
I'm suggesting that at a future time, the price of coins become quite stable, but that they fairly consistently rise in value year-over-year. If everyone factors in the future price increase and hoards, it seems to me like a "global bond," where we'd basically be taking out loans based on expectations of ourselves and our kids, assuming their productivity increases (whereas with a deflationary currency, "lazy" people, who don't care to work more than necessary, may not even have incentive to work if they can live off the "interest").
limited growth, the limited coin supply creates infinite adjust ability, it will eventually fluctuate very little if it reaches a good equilibrium with all the other coins. so in the scenario where there are 3 main coins it would depend on the zones strengths, same as any currency, they will float against each other according to market forces, shifting, resources and allocatable work units according to it's market strength. Sometimes even the specific flow of an industry is enough to shift the value of a currency in it's favour, eg: China has all the rare earth metals, if we cannot find other deposits on the planet... they will shift the currency in their favour simply by having something we really want to trade for. Okay - let's ignore there being three coins and say there's just one global currency - bitcoin. Let's say they've all been mined. I'm looking at how the tendency to hoard affects bitcoins' market value. Because bitcoins are deflationary by nature, their "ability" to appreciate in value* is factored into their current market price, right? It's like a loan, where if everyone expects 10% value* increase in a year, but you factor time into that, so maybe you currently only value bitcoins at "105%" of their current value*. If the market expects bitcoins, with a high level of confidence, to increase in "value"* year-over-year, the present market value could exceed the "wealth of the world" (the market value of all goods presently on Earth, and services which could be rendered within, say, a day). Since the market would be banking on bitcoins being more valuable*, would this effectively make bitcoin an instrument of debt? How does the market bring this "overvaluation" of bitcoin from going crazy**? *maybe one coin this year buys a energy-harvesting space satellites, but in 10 years, it buys two energy-harvesting space satellites with equal specs. **Maybe bitcoins' market cap could buy 2x or 3x the "wealth of the world." So, maybe you control 1% of all bitcoins, but you could purchase 5% of "everything" on Earth with it, because everyone else is hoarding, expecting the value of their coins to increase. |
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Usually those kind of softeners operating on a timer, so they are set up with the assumption that the place will be occupied and water will be generally consumed while the salt is injected. The point of the salt, is to inhibit the desolved minerals in the water from sticking to the insides of the pipes, water heater, etc. Also, clothes and dishes, but living in one of the hardest water regions on Earth, I can say from experience that softener salts don't really do a whole lot for dishes or clothes. I grew up on the taste of hard water, and anything else tastes weird to me, so I don't use salt based softeners. I add TSP to my detergents, etc. ( http://en.wikipedia.org/wiki/Trisodium_phosphate) It's unlikely that the softener extends the life of your equiptment enough to justify it's own costs (for a whole house unit, anyway) since it's usually cheaper to replace the water heater, etc. a couple of years early than install and maintain the water softener equptment. If I were you, I'd consider simply decommisioning the unit, and perhaps install an undersink unit for drinking water and ice. The deposits of minerals on the insides of pipes is very, very slow.I was considering that, too. Having the softener occasionally give me a full pot of salted coffee or a salty shower is a pretty significant reason not to use it. Big issue with our setup is rust. It's like the "water" is literally 10% rust. Without the softener, the sulfur smell is quite pronounced (hot showers are unbearably smelly). However, whether the softener is on or off, there is still a significant amount of rust in the water (obvious by how quickly brown-orange rings form in the toilet bowls and the smell which still exists). If the Kinetico people give me a load of nonsense, I think I'll just replace the macro and micro filters (which haven't been replaced in... way too long), bypass the softener, and see how that works out. Maybe it'd even be worth it to go full-retard on the filters and double the number of them (one for large, one medium-large, one medium, then the micro), but filter costs always give me sticker shock. |
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I'll give 'em a try. Thanks. |
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There's a problem which's been popping up in formatting. Please, please, please do not format the "who's speaking" indicator as but instead as It otherwise creates way more pages than necessary. In a particular instance, a segment had 3x more pages in the transcription than it should have. It was literally over 60 pages long. It's a health risk, really. |
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Bump. Anyone get what I'm saying here, or is it just a dumb question?
I'm suggesting that at a future time, the price of coins become quite stable, but that they fairly consistently rise in value year-over-year. If everyone factors in the future price increase and hoards, it seems to me like a "global bond," where we'd basically be taking out loans based on expectations of ourselves and our kids, assuming their productivity increases (whereas with a deflationary currency, "lazy" people, who don't care to work more than necessary, may not even have incentive to work if they can live off the "interest").
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I really wish I could help you, but the one we had looked totally different. I would probably make the situation worse if I gave you advice.
No worries. Thing looks like it belongs in a medieval castle.  Thanks for offer! |
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Wow. Guy, the GlassPay guy. Yeah, that makes sense. I never would've gotten that. Thanks! Updated that one on Scribd. |
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It is 2250. Virtual currencies are now used everywhere. There is competition, primarily between Americoin, Eurocoin, and Asiacoin.
These three currencies are still 100% controlled by market forces. Because of their deflationary nature (if only because production of goods/services accelerates with time, without an increase in coins), there is still a tendency to hoard.
One Americoin is worth one Eurocoin, and one Eurocoin is worth one Asiacoin. We'll say, combined, there are 10,000 equal-value "coins." All goods which could be sold on Earth (which, for the sake of the discussion, is the only place goods and services can be "extracted" from) which could be on the market equate to 9000 total coins at market value (we'll disregard arguments involving consumables). Thus, due to the tendency to hoard, all coins are "overvalued" by 10% because we are factoring in future value.
Does this create a scenario where coins are, due to the desire to hoard, partially valued based on future value?
(If not completely obvious) I'm having trouble wrapping my mind around the mechanics here, because it seems quite similar to a debt instrument. Bitcoin, like any "useless money," is effectively an IOU, right? Even though it's not guaranteed, by the market expecting a higher future value and factoring that in to present price, isn't the increase in price really a LOT like interest, which relies on future generations having more wealth to add to the pool?
(sorry I couldn't form a more coherent question)
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They worked fine for a long while before?
Can probably ignore the 511 degree reading. I'd guess it was an electrical blip which caused it, which is what I'd guess is causing your other issue, but I'm going to assume the cards ran fine for a good while (I'd guess it's the rail supplying 6-pin molex connectors which is insufficient). Would probably be worth reseating them all.
Are temps normally <90 degrees Celsius on both of them? Assuming electromigration isn't a factor, reseating doesn't help, and the power-supply isn't at fault, I also agree your card is a wizard. Have you tried counteracting its flame breath spell? Think carefully, because you don't want to end up with a bunch of water in your components.
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Freakin' beautiful. If only I were one of the Bitcoin millionaires....
Aren't you?  If you count negative millions, then yes, absolutely. My net worth is ~-$2M. |
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What does paused/on hold mean?
I'm waiting for input from qwk before I do anything with them. |
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Now now Gov. Spitzer, you can't turn everything into a porn thread.
Wow. Never thought of that. There's quite a resemblance.  |
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A fool is born every minute.
Just be glad you are not one and be on your merry way.
The majority of bitcoin traders have not even HEARD of Fontas and if they did, would be unconcerned. He is just another dude trying to make bank in a sea of dudes trying to make bank.
He has found a way to make money. If people lose money, they have learned a lesson. Some lessons are very expensive to learn. Like college in America, you learn enough to get a degree and it costs $40,000 a year at a private university. Some would say you have also learned the lesson not to get into tons of debt, as well as the lesson not to buy into bubbles at the top (in this case, the higher education bubble.)
Well with Fontas, a foolish individual might pay BTC120 and learn enough to not pay BTC120 into pump schemes. An expensive lesson, but a lesson well-learned.
Yup. I came in the thread wondering who the Hell this guy was. I was hoping he was some kind of cheese-maker... Could we maybe turn this into a fontina porn thread?  |
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Here's my current understanding:
*BTCTalk rents VPN service from PIA. (PIA possibly buys or is provided ad slots?)
*PIA leaked email addresses of some users (including you, the OP).
*BTCTalk therefor should neither rent VPN service from PIA nor allow their ads to run.
*John K. (allegedly, John Kor) has a similar name to you and was looking into various VPN services to purchase. (I still don't know how this part is connected to anything)
*Theymos is intentionally leaking your personal information. (but you say this is okay)
I am sorry, are you the represented of theymos? If so, please by public make if so. Then we may continue. The admin of Bitcointalk.org is not being transparent. Edit: This is what the goons do, send their slaves. I'm just trying to understand what you're saying. I wish I were on payroll.  |
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Here's my current understanding:
*BTCTalk rents VPN service from PIA. (PIA possibly buys or is provided ad slots?)
*PIA leaked email addresses of some users (including you, the OP).
*BTCTalk therefor should neither rent VPN service from PIA nor allow their ads to run.
*John K. (allegedly, John Kor) has a similar name to you and was looking into various VPN services to purchase. (I still don't know how this part is connected to anything)
*Theymos is intentionally leaking your personal information. (but you say this is okay)
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Could you format the OP in the other thread so it's readable? (or just give me a tl;dr because I'm stupid) I went through it and have no idea what you're getting at. PIA leaked your email. PIA sponsors the forum. Someone with "Johnkur" (similar to John Kor) in their email handle was the recipient of the PIA email. Therefor.... pekv2 is John K, and works for the FBI to leak bitcointalk email addresses?
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I bought today @ $950. Oops.
what? you're $15 up What do you think I do, trade on Gox? |
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I bought today @ $950. Oops.
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