Running my gpu's into the ground.

you think? this kind of 'study' only seems operable within a test-tube where _many_ environmental conditions are controllable. i think the only study that makes any sense is a live one aka getting bitcoin into peoples' hands and seeing what happens.

Keep measuring people by their skin color and see how fast things improve...

HOWEVER, if you want to study the effects bitcoin could have on low economic countries/states/cities etc, that is another story entirely.

Here a good reference to anyone who wants to understand the exact process behind money creation. It is entitle "Modern Money Mechanics" written by Federal Reserve Bank of Chicago itself. You will understand that all the money is created only with loans process and that all the money in circulation is representing only a dept to society.

http://www.rayservers.com/images/ModernMoneyMechanics.pdf

(free of copyright)

u mad , bro?

Could NFC or Near Field Communication be the next big that Bitcoin needs for offline exchange of Bitcoin?

Thoughts?

http://www.nearfieldcommunication.org/

Note, it's better to quote this list/post & add yourself rather than C&P as that loses the posts # links

If pirate ends up running not a Ponzi but instead does what he says: selling BTC at high premium, Bitcoin could be taken for a nice ride within next few years.

All Ponzi speculation aside, we know this theory has a merit and high probability it may be one. Are there any other plausible explanations to pirate's operation with such great returns?

At first I couldn't imagine who would want to buy bitcoins at high premium and why. do you know?! Besides drug cartels, money laundry and some three letter agency questionable special covert ops funding?

What if there are smart and wealthy individuals who realized great potential of Bitcoin and decided to get in. Their target may be significant amount of bitcoins without driving exchange rate through the roof and they are ready to invest several million dollars. Although they could have gone through exchanges and probably buy bitcoins even at $10-20/BTC wouldn't it make sense to setup bitcoin lending operation and purchase at 10-15% premium all sub $10 bitcoins - given that they don't want to spend significant amounts of time on exchanges to acquire bitcoins at slow steady pace. They want to sign a check each week and get their bitcoins. Here comes the pirate and ready to sell at 10-15% premium. Pirate alone or conspiring with these individuals to keep bitcoin rate as sane prices (sub $10/BTC for instance) throughout their acquisition period. Bitcoin prices at $4-7 seem fair and pretty stable. Sub $4-3 prices - and everyone wants in so the rate isn't stable; over $8 and there is a risk of another bitcoin hype and explosion which could potentially get out of their control.
Once these individuals hit their target and complete acquisition they will start telling about Bitcoin to all their other wealthy buddies or simply start a new hype, or they don't even have to do anything if they have managed to acquire all available sub $10 bitcoins and the price will naturally start to rise (through the roof) to mid double or maybe even up to triple digits.

$5-6/BTC + 10-15%   better than over $10 BTC when purchasing, is it not?

Could this possibly work while providing great interest rates to lenders at the same time manipulating exchanges with great psychological walls to keep bitcoin prices at low rates for the time being? Or it doesn't make any sense? What do you guys think?

Which is clearly not true.

Agreed +1

MintCondition,

right now my stats page says that last update was at 15:05 UTC, right now is 17:23 UTC.

spiccioli

I'm trying to build a list of whos upgrading and whos not.

I know BTCMC, Gigamining, and BTC-Mining are, and BFLS/BFLS.RIG are going to upgrade their units. Who else is?

Edit: Results from the thread thus far:

Is upgrading:
BTCMC
Gigamining
BTC-Mining
BFLS/BFLS.RIG
NastyMining
Cognitive
PIMP
HydroMining

Maybe:
YABMC

Is not/Cant:
BitBond
GreenBTC