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21  Other / Politics & Society / Re: Opinion on the US on: December 13, 2013, 01:08:51 PM
Poor honeypot, such a jaundiced arrogant brainwashed view.

Zionism hijacked Judaism for material and political gain. Zionism is a terror cult that has used theft embezzlement and murder to make Israel and enslave jews in a zionist entity. Jews lived there in small numbers along side others. This ownership of the land bullshit is utter invented nonsense to justify an eastern european inbred cult takeover of land that was never theirs to take.

Without the US propping up the filthy entity and protecting it from international justice there would be no Israel and the displaced palestinian arabs wouldn't have to do a thing to make it disappear.
22  Other / Politics & Society / Re: Opinion on the US on: December 12, 2013, 11:13:48 AM
How many countries are free to go around the world, invade and occupy whoever they choose and carry out extra judicial killings on a whim, often in error and often without any recourse whatsoever.

Be warned, what goes around comes around and right now the USA's tab on that score is huge.
23  Economy / Economics / Re: JP Morgan moving in to steal Bitcoin? on: December 12, 2013, 11:06:16 AM
Thing about bankers is they don't want crush or kill anything or anyone just because they're assholes. They want to make money. Period.

If making an e-money variant or whatever stands to make them a dollar they will do it.

Just a little concerned about the tone of the 'big bad bankers' talk going on here. Let's talk about facts of their system rather than assigning a faceless megacorp some malicious personality, because it's just not there. I've nothing against competition to bitcoin. If it's shit, let it be shit on its own merits.

It's like that great scene in 'Cube', where they're all trying to figure out who would put them in this diabolical torture device.

Quote
Who do you think the establishment is? It's just guys like me. Their desks are bigger, but their jobs aren't. They don't conspire, they buy boats.


I don't buy it, bankers (at the level that really matters) have privileged access to politicians and those who make the rules, they're well able to make sure things that get done are favourable to themselves. They're effectively calling the shots in the debt riddled west. I would be more inclined to agree with the sentiment in your post if this crypto battle was going to all playing out on a level playing field but anyone who can see knows that won't be the case.
24  Economy / Economics / Re: Bitcoin will one day be superseded by a technically superior NuCoin. What then? on: December 11, 2013, 09:12:10 PM
Bitcoin will be eclipsed one day by a different form of currency I can guarantee that...its just a matter of when.

I disagree, it may need to evolve slightly but there are only so many fundamental qualities required for a true currency. Bitcoin ticks pretty much all the boxes.

Now that said, there is one issue that it hasn't and cannot address. The world is run entirely by power, privilege and corruption. The big question remains, how on earth will something so incorruptible and democratic like bitcoin ever make its presence felt in such a world. There may be a lot of talk about bitcoin but it is still something of an irrelevance globally though obviously sites like this tend to give a different impression.

Bitcoin is a true currency. However its relevance has nothing to do with it's fundamental qualities - that is instead derived entirely from the utility it offers over existing currencies.

There are many ways an altcoin can improve on this utility and ultimately become the dominant currency.

Name one?

While maintaining the integrity and incorruptibility that has made btc what it has become. All the alt coins are basically copies of btc anyway.
25  Economy / Economics / Re: JP Morgan moving in to steal Bitcoin? on: December 11, 2013, 09:09:29 PM
Perhaps they plan to or could use this as a play to expose Satoshi Nakamoto?
26  Economy / Economics / Re: JP Morgan moving in to steal Bitcoin? on: December 11, 2013, 09:05:06 PM
I take the point, I don't have as much faith in the integrity of the judicial system as perhaps your answer implies you do.

The question I ask myself is really, do banksters see bitcoin as a threat? I'd contend they most definitely do and as such will strive to use any and all methods available to secure what they have and recapture what bitcoin threatens to take away from them and give to the people.

Basically all I'm saying is I would not put anything past banksters and this looks like an opening salvo of sorts. I think it needs to be monitored very carefully because the rapacious, parasitic nature of these people knows no bounds.
27  Economy / Economics / Re: JP Morgan moving in to steal Bitcoin? on: December 11, 2013, 08:47:28 PM
Read the OP

Banksters start to patent the technology bitcoin uses, anyone using bitcoin is then violating said patents if purchasing goods and services electronically with anything other than JPMoron "shitcoin" then the company selling is also violating them and gets sued.
28  Economy / Economics / Re: Bitcoin will one day be superseded by a technically superior NuCoin. What then? on: December 11, 2013, 08:44:03 PM
Bitcoin may become the global de facto benchmark currency against which all regional "lesser" currencies are measured. I can envisage that.
29  Economy / Economics / Re: JP Morgan moving in to steal Bitcoin? on: December 11, 2013, 08:39:41 PM
... and no company would touch your btc with a bargepole for fear of being sued into oblivion - that is the issue.

At the end of the day, if you can't use your btc for anything you have to start asking what use are they.
30  Economy / Economics / Re: JP Morgan moving in to steal Bitcoin? on: December 11, 2013, 08:37:08 PM
The issue here is not one of destruction per se but it is one of capture, control and ultimately exploitation for profit. I suppose you could reasonably argue that is a destruction of what bitcoin represents but I very much doubt those controlling it at that point would give a shit.
31  Economy / Economics / Re: Bitcoin will one day be superseded by a technically superior NuCoin. What then? on: December 11, 2013, 08:31:19 PM
Bitcoin will be eclipsed one day by a different form of currency I can guarantee that...its just a matter of when.

I disagree, it may need to evolve slightly but there are only so many fundamental qualities required for a true currency. Bitcoin ticks pretty much all the boxes.

Now that said, there is one issue that it hasn't and cannot address. The world is run entirely by power, privilege and corruption. The big question remains, how on earth will something so incorruptible and democratic like bitcoin ever make its presence felt in such a world. There may be a lot of talk about bitcoin but it is still something of an irrelevance globally though obviously sites like this tend to give a different impression.
32  Economy / Economics / Re: JP Morgan moving in to steal Bitcoin? on: December 11, 2013, 08:19:56 PM
Unfortunately they may go for established entities such as Bitpay and others.

F'ing banker parasites.

Just depends on how bought the judges are. Bitpay may have to go offshore.

Government pays judges, banksters pay government. Judges do as they're told or get replaced by someone who will.
33  Economy / Economics / Re: JP Morgan moving in to steal Bitcoin? on: December 11, 2013, 07:34:40 PM
Who exactly are they going to steal bitcoin from? Do you think the rest of the world has any interest in a centralized American JPM Scamcoin? The old guard have already tried with Ripple. Take a look at how well that's been received.

Anyone can make a coin. It's too late. Dogecoin.

I wouldn't be quite so chipper about the chances of btc surviving an onslaught from the money printing masters of the universe. As soon as patent violation lawsuits start being issued many legitimate businesses will run a mile and not want anything to do with btc.
34  Economy / Economics / JP Morgan moving in to steal Bitcoin? on: December 11, 2013, 06:57:35 PM
So,

the odious patent laws are the chosen weapon to be used to attack and take down democratic bitcoin and to be used by the filthy money crooks to retain their corrupt privileges by stealing ownership of something that was never theirs to take?

http://www.zerohedge.com/news/2013-12-10/chasing-bitcoin-jpm-preparing-unveil-its-own-electronic-currency

35  Bitcoin / Mining support / Re: BFL Bitforce 60GH/s miners on: December 07, 2013, 12:49:05 PM
Really useful info that, very much appreciated.

I've only had these a short time and looking to move them on asap, supposedly got a buyer but I'm half expecting a knock back after the volatility today.

If they'd been mine 6 months ago (if only, if only) I'd have them all running off ATX psu's and done some serious experimenting with cooling but as it is I'm loathed to do anything beyond fiddling with end fans on the one unit without a cover.

thanks again though, I had figured soon after fitting both the noctua and corsair fans that the stock fans must be drawing a hell of a lot more current, oh well that's someone else's headache now.. if they turn up.

It seems the critical role of the end fans is to create that cooling air stream between the base board and the underneath of the mainboard, to that end these quieter fans seem to do the trick with the stock top fans left blowing up (all uncased of course)

It's only when I refit the case the whole endeavour fails.
36  Bitcoin / Mining support / Re: BFL Bitforce 60GH/s miners on: December 07, 2013, 10:33:20 AM
Yeah, I appreciate that relationship. I've tried asking a few times and can't seem to get anyone who knows what spec the stock 120mm fans are (ie how many amps). It's obvious the quieter ~0.1A 120mm fans just aren't moving enough air to boss the smaller 80mm top fans and create a wind tunnel effect in the case (when it's fitted).

Does anyone anywhere have the spec for the stock 120mm fans please?
37  Other / Beginners & Help / Re: will the bitcoin reach $1000 one day...? on: December 06, 2013, 07:02:34 PM
The question needs updating to: "Will bitcoin reach $1 million one day?" Max Keiser thinks it will.

A sack of potatos will, eventually..   at least until they issue the "new" dollar at a 1m:1 conversion. The only question that matters at this point in the future is what can you buy with bitcoin when it's worth a million fiats, what will it actually get you, what is it's actual use (value) in obtaining the things that you really need .
38  Bitcoin / Mining support / Re: BFL Bitforce 60GH/s miners on: December 06, 2013, 06:04:32 PM
Fitted a pair of corsair SP120's today. Only things I could get hold of at short notice.

Still haven't refitted the outer case, so the fans are still "outside" but the temps have dropped by about 8C which has brought them in line with the other 3 now and provides a bit more comfort to my paranoia. I understand the lower side of the main pcb needs an airflow stream. I think whats possibly happening with the case on for the wind tunnel effect is that the top fans are moving so much air the end fans cant direct it and the result is that the front fan effectively gets slowed down by the air pushed out by the tops fans (and the horrible stock grills of course) - sound plausible?

Anyway as it stands now it's open and working without the temperature differences I was seeing with the cased units.
39  Other / Beginners & Help / Re: will the bitcoin reach $1000 one day...? on: December 05, 2013, 03:24:14 PM
You've probably seen this or similar written elsewhere.  Wink

"The past is not a guide to the future and you may get back less than you originally invested."

again, someone who doesn't have a clue.
It really doesn't have anything to do with past, but everything to do with the future.

I'm by far no bitcoin expert and not even that good at math, but I will at least try and understand how it sort of works.

Below is a simple way I try to explain bitcoin's value.

world fiat dollar market cap or dollar amount used in the world (just an example), probably much higher.  Lets say it's 7 trillion dollars and bitcoin can take just 1% percent of that.  look below at my basic math.

$7,000,000,000,000 total fiat currency used in the world
$70,000,000,000     1% of of above amount
BTC13,000,000           amount of bitcoins in existence today

$70,000,000,000 / BTC13,000,000 = $5,384.61 each bitcoin (don't forget this is if bitcoin could only take 1% which it will definitely do and much more)

now if someone with better explanation could please elaborate and correct me if I'm way off or incorrect in my calculations.

Cheers
merv77


Those aren't calculations, they're wild speculations. I'm mining btc and believe in btc.
It's not a certainty bitcoin will achieve any of what you're claiming. And to assert it as truth is arrogant and frankly ridiculous. I hope it happens but I'm not staking my entire future on it and neither should anyone else, that said if you're prepared to take the risk then all power to you.
40  Other / CPU/GPU Bitcoin mining hardware / Re: My BFL SC Single 60 went out in a puff of smoke - what next? on: December 05, 2013, 02:50:56 PM
Can I just butt in and ask what spec the BFL 120mm fans are inside the single, I am running one outside the case currently in a cold loft and want to get new fans on it and the case back on (originals broken in transit apparently and I don't have them)

tried some noctua 1.44W 0.14A things the guy gave me when selling and they're hopelessly underpowered.

TIA, and good luck OP.
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