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Thanks for the link. Very interesting article
yah a financial planner friend of mine keeps me up to date on the world economy...stuff like that is definitely food for thought in regards to the future of the USA and the Dollar. Also sheds some light on "wars" we do and do not choose to get involved with! |
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i wouldn't even count on amazon to exist for that much longer. they are trading with a P/E ratio of 535 ( http://finance.yahoo.com/echarts?s=AMZN), the whole company is a bubble waiting to explode. Amazon is good at raising dollars though. I remember when they started, it was YEARS before they ever broke even. "making money" does not seem to be as important as moving volume and marketshare to the holders. They have a few things coming that could make a huge difference in the physical and digital goods categories. |
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But i totally understand how you wish it were an excuse to say "GOTCHA" or some such other juvenile intention.  im saying. that you could have updated one of the many other threads with this updated info. instead of starting a new thread. this is why noobs cant find information easily. because similar topics are scattered across many threads, instead of in one place. your not doing yourself or other noobs any favours no you are saying that now, in an attempt to backpeddle. you actually thought this was about a months old arrest. you just are not man enough to admit that. just bow out silently and leave it alone...or continue to show yourself to be an asshat...your choice. |
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the summary of this thread is this
everyone has an ego
noobs have the ego that they have just found some secret and that they are kings because they think they have just discovered it.
experts have the ego that they know better and that their 4 years of research shouldnt be given away freely to disrespectful and lazy noobs that dont want to learn the normal way.
in the middle is lots of trolling between the 2 sides
even "iGROWyourBiz" just as recently as 20 minutes ago from this message thought that he had discovered some brand new information that would make him famous by posting it. without even checking if its known info. (charlie shrems january arrest in regards to laundering funds)
which just proves at both noobs and experts have one thing in common. we are all flawed human beings and that bitcointalk is not a customer services department of a business, requiring politeness... but instead is a discussion forum for open onions to be discussed.
not everyone has big egos...but those with them think everyone else does...they are always wrong (result of the BIG EGO) most new people are sincere, and though have "researched" still have questions (as all learning humans do) and look to those who have been around longer for help and assistance...especially on places like a "discussion forum" real experts do not have egos - just the wannabes - who think they are special because they have tenure. They assume anyone asking something they already know is "lazy" -- this is due to being blinded by narcissism. A perfect example is Franky - -who thinks there is actually a "saying" about "being franked"... Just 4 hours ago a news report came out. (about actual INDICTMENT of SHREMS - much different and much more serious than mere "arrest"). Franky assumed it was old news, mostly because he THINKS he is an expert and knows everything. He saw some posts a few months ago about an arrest and thought that was the end of the story. It was not. And since it is an ongoing story - he did not realize that what was posted by iGROWyourBiz was actually an UPDATE....only a FEW HOURS OLD! This just proves that the self-proclaimed experts do not understand some people already have enough "fame" and actually desire to contribute to the community, but trolls can't help but being trolls. So while intelligent people discuss the ideas...the ignorant can not help themselves but discuss the people. I think the young folk today have a saying about "haters gonna hate" or some such. Franky I am sure there is a song about you. |
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Do you realize this is why we went off gold standard? When you make currency convertible to a commodity. The supply cant keep up w demand. It leads to liquidity crisis
No that was to provide camouflage cover. The real reason we went off the gold standard was to accommodate big government. The US population in 1971 was about 200M and about 300M in 2008 or a 50% increase in 40 years. Take a look at the chart below. Over that same time period 1971-2008 the US monetary base increased about 700% in 40 years. Even worse from 2008-2012 or just 4 years it increased 300%! Liquidity crisis my rear. We're absolutely swimming in dollars. You should really listen to the following Peter Schiff episode. He really nails it talking about average people living on about $50 per week in the 50's yet having a full family, feeding & clothing the kids, without the wife working, and typically without a high school diploma, but it's because in today's dollars a comparable person would need to earn $140K per year. Nixon went off gold standard & left Bretton Woods because there wasn't enough gold reserves to back foreign debt. If foreign debt holders converted their bonds for US gold the USD would have crashed. In fact Switzerland & France started to do this and it began to put pressure on the USD Peter Schiff is a gold peddler and doesn't know squat about economics. The problem we have now is not because there isn't enough USD. The problem is money stuck in the financial world because private sector is deleveraging their balance sheets. you are exactly right, take a look at the article I posted right after his post. Great history lesson on creating the petrodollar |
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But i totally understand how you wish it were an excuse to say "GOTCHA" or some such other juvenile intention. |
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you might want to check the dates on those threads! Those are MONTHS not HOURS ago... or maybe you do not understand the difference between indictment and arrest? |
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just like the other forum thread about noobs.. you should have searched the forum to see if this is old news and then updated that thread
otherwise its just repeating the same known information and bloating up the forum with information that could have been easily found via a search.
we dont need hundred's of threads about the same topics.
many thanks for your efforts,
yours sincerely
the "customer service department of bitcoin"
(sarcasm in relation to viewpoints in the other thread)
just like in the other forum thread about needlessly becoming adversarial with others and using "noob" as an epitaph... this article: NEW YORK Mon Apr 14, 2014 5:42pm EDT hundreds of threads about this in a few hours? wow! this forum is busier than I realized! (sarcasm in relation to viewpoint of other threads) |
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just like the other forum thread about noobs.. you should have searched the forum to see if this is old news and then updated that thread
otherwise its just repeating the same known information and bloating up the forum with information that could have been easily found via a search.
we dont need hundred's of threads about the same topics.
many thanks for your efforts,
yours sincerely
the "customer service department of bitcoin"
(sarcasm in relation to viewpoints in the other thread)
This article information is 4 hours old... so i have no idea what you are talking about |
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http://www.reuters.com/article/2014/04/14/us-usa-crime-bitcoin-idUSBREA3D1RU20140414(Reuters) - Prominent bitcoin entrepreneur Charlie Shrem has been indicted by a federal grand jury in New York on charges of funneling cash to the illicit online marketplace Silk Road. Shrem, known as one of the digital currency's most visible promoters, is accused of conspiring with a Florida man, Robert Faiella, to sell more than $1 million in bitcoins to the users of Silk Road despite knowing that it would be spent on illegal uses like drug trafficking. Both Shrem and Faiella face charges of money laundering, conspiracy and failing to file suspicious activity reports with government banking authorities, according to the indictment filed by Manhattan U.S. Attorney Preet Bharara. Shrem's lawyer, Marc Agnifilo, and Faiella's lawyer, David Braun, did not immediately respond to a request for comment on Monday. Federal authorities shut down Silk Road last year, and prosecutors from Bharara's office have charged Ross William Ulbricht with operating the site under the name "Dread Pirate Roberts." Shrem, 24, was arrested in January and stepped down as vice president of the Bitcoin Foundation, a well-known trade group, soon after. He was previously CEO of BitInstant, a bitcoin exchange company that enjoyed financial backing from the twins Cameron and Tyler Winklevoss but closed last year. Bitcoin is a digital currency, not backed by any government or central bank, that fluctuates in value according to its users' demand. Users can transfer bitcoins to each other online and store the currency in digital "wallets." Authorities have vowed to pursue those who use bitcoin to complete illegal transactions, while regulators are still grappling with their approach to the nascent currency. The recent failure of Japan's Mt. Gox, which filed for bankruptcy after apparently losing hundreds of millions of dollars worth of bitcoins, has underscored concerns about the currency's long-term viability. Shrem will be arraigned on the indictment on April 29, according to Bharara's office. He faces a maximum prison term of 20 years if convicted on the most serious charge.
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Asking stupid questions is one thing, but lately we've seen a lot of noobs coming onto the forum and asking the same questions that are asked and answered every 2 weeks. It gets really annoying when the question is asked with an attitude of superiority like it's such a brilliant question that nobody has ever asked before. Personally, I just ignore those threads but I can understand if some posters respond rudely.
and if Ebay takes bitcoins...and suddenly millions of people find out about bitcoin....what do you think is going to happen? again - as a community -- customer service - friendliness to travelers and visitors is in the BTC communities best interest. But hey, who cares about anyone but themselves, right? |
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Do you realize this is why we went off gold standard? When you make currency convertible to a commodity. The supply cant keep up w demand. It leads to liquidity crisis
No that was to provide camouflage cover. The real reason we went off the gold standard was to accommodate big government. The US population in 1971 was about 200M and about 300M in 2008 or a 50% increase in 40 years. Take a look at the chart below. Over that same time period 1971-2008 the US monetary base increased about 700% in 40 years. Even worse from 2008-2012 or just 4 years it increased 300%! Liquidity crisis my rear. We're absolutely swimming in dollars. You should really listen to the following Peter Schiff episode. He really nails it talking about average people living on about $50 per week in the 50's yet having a full family, feeding & clothing the kids, without the wife working, and typically without a high school diploma, but it's because in today's dollars a comparable person would need to earn $140K per year. https://www.youtube.com/watch?v=kHDcl5aiGus&list=UUIjuLiLHdFxYtFmWlbTGQRQ actually that is also camouflage... we got off gold (silver and gold certificates) to Federal Reserve Notes because we got tired of handling gold for the world and to secure the future of a global currency backed by oil. ie the petrodollar this is not someones opinion...this is historical fact: http://ftmdaily.com/preparing-for-the-collapse-of-the-petrodollar-system/ |
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not everyone desires to be an expert in ALL dimensions of bitcoin...nor should they
if this was a car journeys site, and I asked what is the fuel efficiency on this journey - just because 900 people asked before I did...does not make my question irrelevant, nor does it make me "lazy"
It just makes the so called experts "lazy" and unable to comprehend the concept of a "DISCUSSION FORUM"...
Also, when one of the "selling points" of bitcoin is the "community"...when you experience that community acts more like a cult than a true helpful community, it makes people who have influence with hundreds of online and offline vendors payment processing choices...have little desire to help such a "community"
calling a 'expert' lazy and and unable to comprehend (meaning stupid), yet wanting experts to help noobs skip doing the research, and also offer this advice freely... is that a good trait for noobs to have?? and maybe even slightly hypocritical? not at all. Because they are not true "experts", just been around longer. They may have a little more "information" also. And though they do not have to offer advice freely, condemning those asking for help- and in a public forum DESIGNED for people to discuss such things...well, it definitely is not a MODEL that a "noob" should aspire to grow to, that's for sure! |
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why 21mill coins is the same questions as why there are only 171,000 tonnes of gold on the planet. as that equates to less then once ounce of gold per person for the whole planet...world wide wealth exceeds the amount of gold in the world.
what about all the bitcoins lost? is the same question as what about all the gold in computer parts that ends up in landfill.. or tainted by being mixed with other metals to make it impure.. well the answer is that people have to share a depleting rare 'item'
it is for this reason FIATs are born. Which is the potential problem I was mentioning. |
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I dont think this would work because
- most -if not all- pools are not run by a single person or a small group but by several people. How can you reach them all to bribe them?
- Why? Anyone or any group/government/etc. investing up to 100 Million needs are very good reason to do it. The main reason would be money. I dont see how you can make money off of this. Why would anyone want this?
- "the media" is not a single entity either. Different papers would see it differently and report differently about this. Same with "a goverment" (as stated above). Not many countries a ruled by a single person, thus there are usually several people who would have to decide that this is a good course of action.
tl;dr why? Whats the motive?
-$10 million even among several people is a lot of money. You only need to reach enough to manipulate 51% -$100 million for a government is a drop in the bucket and in the USA - we just print it out. They don't do everything for "money". They do a lot for POWER and CONTROL. They would not be looking for a return on investment - Main stream media is all about promoting government agendas. When you get involved with local or global economies, you begin to see things like the fed, REITs, IRS etc and how they all are propaganda to promote political agendas (Koch anyone?) I watched this happen real time during the real estate bubble and could not believe what all the "different" news media were saying while every sane investor was yelling _BUBBLE_ GET OUT_ ! Again, enabling transactions that are not 100% controlled can become a problem in lots of ways. Thats partly motive anyway. |
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See, I'm not trying to insult, I am just suggesting something, I'm just trying to help.
Wow. You are obviously an uneducated person, and cannot properly start a discussion without raging at people.
surely you jest...right? |
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basing investments purely on emotion and personality of people you talk to are not good traits to being a good investor. you should base your investments on the qualities of the 'product' not the people.
the gold market is just as full of ego-maniacs, greedy hoarders, and people that will tell you to buy when they, themselves are ready to sell. so don't base your investments on other people. as that is how 'panic due to fud' overrules your decisions instead of natural value growth.
also searching for the answers first shows you to be a wiser person then just asking the same question that has been asked many times. it is a known fact that it really does irritate people to be asked the same question many times, where the answer can be answered by simply looking. EG car journeys "are we there yet" (if the car is still moving, its obvious they are not there yet)
there are genuine 'noobs' that do show that they are willing to learn and show some sort of coherent way of asking a question. but then there are others that seem to want to know the answers to everything in one go, without doing any research.
many of the 'experts' have spend months-years to learn everything there is to know about bitcoin and they can get irritated when 'noobs' think that it only takes 1 misunderstood question to gain equal amount of knowledge in a shorter time period.
i agree that 'experts' do need to sometimes keep there emotions in check (even i have failed this point at times) but i think noobs need to realise they wont get the answer to the meaning of life in just 10 posts of asking questions. and they should definitely not base their investment strategy on the personalities of people either.
not everyone desires to be an expert in ALL dimensions of bitcoin...nor should they if this was a car journeys site, and I asked what is the fuel efficiency on this journey - just because 900 people asked before I did...does not make my question irrelevant, nor does it make me "lazy" It just makes the so called experts "lazy" and unable to comprehend the concept of a "DISCUSSION FORUM"... Also, when one of the "selling points" of bitcoin is the "community"...when you experience that community acts more like a cult than a true helpful community, it makes people who have influence with hundreds of online and offline vendors payment processing choices...have little desire to help such a "community" |
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Sorry to hear yours and others experience in BCT hasn't been the most welcoming.
Just like in life and in general, there's a learning curve. Not saying you have to read the whole forum line by line, but the longer you're here the more you "ingest".
Everyone here has been a Newbie at some point and probably got told to use "the search feature" or LMGTFY.
I think a big part of that is there used to be a "Newbie hell", where you couldn't post as much, so you'd just have to stick to the Beginners and Newbie section for quite a while until you graduated to Jr. Member. In a way, I thought Newbie Hell made me read more content and see how Sr. and Hero members conducted and answered questions since they've most likely been there from the beginning.
Hang in there, lighten your tone a little, and keep your posts a little shorter.
Thanks for your concern. I appreciate that. Learning curve? sure, I get that. And newbie hell, just adds to xenophobia and prevents growth. The average person has accomplished enough in their life, they do not need to be regulated to kindergarten simply because they are new. Being here from the beginning does not necessarily make one wise, intelligent or correct (3 different things). Observing early adopters, just shows you early adopter behavior (which again leads to xenophobia) this is not high school, I don't have to "earn cool points" to be with the IN crowd. For a decentralized, non hierarchical economy - there still is the same ol BS politics going on. I should not have to keep posts "short". If people don't care to read, that is fine, but to then assault someone...that is just juvenile. I shouldn't have to immediately change MY tone, after being pissed all over by multiple people either. Especially since the TONE is a result of the abuse. Clearly, in this short amount of time, with the few people brave enough to agree with me here....this is not a spurious issue I am bringing up, I just happen to be bold enough to say STOP PISSING ON EVERYONE WALKING IN THE DOOR! Again, i did happen to take the time to read up and understand BTC. My questions were dialogue inducing, trying to see where I want to fit with the currency itself. I am actually pretty advanced in math and programming...It took a bit for me to "get it" and there are still parts I am learning. I can not imagine what someone who does not have the level of learning and experience I have would get. you can read 10 million times the same thing over and over....doesn't mean you won't have a basic question about it. Ironically a lot of the people trying to exercise influence are just net bullys. All the bitcasinos (everyone knows the house always wins) - just scamming people for BTC and spamming the forum with signature lines. For anyone to imply that a person should get a full understanding before entering dialogue is where the xenophobia comes in. For anyone to imply they should get that understanding BEFORE ever asking a question is where pure ignorance comes in. |
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stocks
hmmm... THAT would be an interesting challenge, considering the fluctuating value of both stocks and BTC....very brave! |
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Usually if you start out civilized, it's reciprocated.
sounds good in theory however, my experience (and others) has been the exact opposite |
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