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21  Other / Politics & Society / Re: Nuclear Energy. Do you want more or less? on: June 22, 2011, 08:38:51 PM
more, but get rid of these damn 1st generation cobblefests and use decent designs (e.g. CANDU and others)

Absolutely. 

The #1 issue blocking expansion of nuclear power is actually capital.  It takes so much money to get a nuke plant running, but new designs, such as modular plants, allow plug-n-play additions, so companies can use the first installment as a way to generate income to finance the next installment, and so on and so forth. 

Fear of Chernobyl 2.0 is irrational as these new power plant designs are exponentially safer.


But, as with most things in life, the path to nuclear power expansion lies with the national government.  Government will be the rudder that steers the nuclear power ship.
22  Other / Beginners & Help / Re: Looking to buy bitcoins with paypal on: June 22, 2011, 08:35:00 PM
yea there are loads of other ways to make payment which work out cheaper than the evil paypal. there is a service like paypal if you live in the US cannot remember its name tho and to lazy to look it up. I am sure someone else here knows what its called dwoalli or something

Yes, dwolla is the name =) 

For the newbies:  always be wary of paypal transactions.  This should be the first rule you learn when dealing with BTC.
23  Bitcoin / Bitcoin Discussion / Re: LulzSec rogue suspected of Bitcoin hack - Guardian.co.uk - Biggest hitpiece yet on: June 22, 2011, 08:28:54 PM
Correct me if I'm wrong, but I thought lulzsec only dealt with DDoS attacks?
24  Other / Beginners & Help / Re: Looking to buy bitcoins with paypal on: June 22, 2011, 08:22:36 PM
Careful potential traders:  before you deal with this guy, remember that buyers can use chargeback in paypal and claim that the BTC were never delivered. 

OP, if you want to buy BTC, consider using another medium.
25  Other / Beginners & Help / Re: [POLL] Do you need an easy security HOWTO (+ operating system)? on: June 22, 2011, 08:20:42 PM
You should actually do this and sell it as a product.  No doubt several people would be willing to pay for this, and it would help the community a great deal.
26  Bitcoin / Bitcoin Discussion / Re: TradeHill - PLEASE fix your ticker ASAP on: June 22, 2011, 08:18:51 PM
Same here, ticker API broken.  Grrr.  I use the API for my private pool.

+1

c'mon Tradehill!
27  Economy / Economics / Re: StopNTrade.com - The future of Bitcoin trading. on: June 22, 2011, 08:08:10 PM
A background check? 

Yes, to make sure you don't have any recent scam reports, or aren't a criminal.

I should've been more specific:  what kind of background check will you perform?  Sounds expensive on your end if you want any sort of legitimacy to your results.  If you are just doing a quick check, it adds very little value.
28  Economy / Economics / Re: How does the risk/reward ratio of Bitcoin compare to other investments? on: June 22, 2011, 08:06:30 PM
How do you measure risk?  Relative volatility?  What time span do you want to reference? 
29  Other / Off-topic / Re: Off-Topic: Beezid on: June 22, 2011, 07:26:48 PM
Nobody, huh? 

I guess I must be the only one completely floored by this business model =P
30  Other / Obsolete (selling) / Re: [STEAL!] Selling Radeon HD 6950! BRAND NEW! Free Dirt 3 Game with it! on: June 22, 2011, 07:09:42 PM
Not only that, but look at this one:  http://www.tigerdirect.com/applications/SearchTools/item-details.asp?EdpNo=7092103

That is a reference 6950, which can be unlocked to a 6970, brand new, in stock, for $270 after MIR.


Yours is certainly not a steal, especially since it is only 1 GB.
31  Bitcoin / Project Development / Re: BitCams.com on: June 22, 2011, 07:01:08 PM
Well, if you ever need any fit, male models, look me up.  Seriously.
32  Economy / Economics / Re: StopNTrade.com - The future of Bitcoin trading. on: June 22, 2011, 06:55:12 PM
A background check? 
33  Other / Off-topic / Off-Topic: Beezid on: June 22, 2011, 06:47:43 PM
So, have any of you heard of the website Beezid.com?  It's an incredibly intelligent business scam site where people pay for bid tokens for auctions.  You can bid on any auction you want, but you lose a token each time you bid, so you must continually buy more tokens if you wish to bid more.  Bid tokens normally cost about $1 each, but there are auctions in which you can use your tokens to bid on a package of bid tokens in hopes of getting them at a discounted rate.

Furthermore, auctions start out around $0.01, and most auctions only increase $0.01 per bid.  Every time a new bid comes in, the auction countdown clock increases, to give other bidders an opportunity to win.  When the timer runs out, the winner pays the final auction price.  So, typically you see ending bid values like this:

iPhone 4 sold for $57.40
$300 gift card sold for $22.13


and so on....


But if you really think about it, beezid is making crazy money on each auction.  If the bids start at $0.01, and only raise $0.01 per bid, and the bids cost about $1 per, beezid made the following:

iphone4:  $57.40 = $5,739 (in bid tokens) + 57.40 = $5,796 (gross)
gift card:  $2,212 (in bid tokens) + 22.13 = $2,234.13 - $300 (purchase cost) = $1,934.13 net


Am I understanding this correctly?  This is basically like glorified gambling, right?  If the business model works how I think it does, it is absolutely brilliant.  They must be making a ton of money.


Any thoughts?
34  Other / Beginners & Help / Re: Why all the bitcoin haters? on: June 22, 2011, 06:32:28 PM
the haters are terrified of bitcoins huge potential to change the world, for the better and forever

I honestly don't think they are scared of BTC, or its potential.  The skeptics aren't jealous; they are just skeptical.  BTC has some very apparent flaws, so in most cases, their hesitancy is somewhat logical.
35  Economy / Economics / Re: Save the Coin - Kill Speculators on: June 22, 2011, 05:57:50 PM
It is ironic how the OP wants to stuff speculation to "save the BTC" even though he is proposing something that is inherently opposed to the very foundation of BTC itself.
36  Economy / Economics / Re: Using economics to predict future difficulty changes on: June 22, 2011, 05:48:11 PM
This is why I think these three, price to enter mining, price of a btc, and difficulty, are all related by an equilibrium.

No doubt these three play into the equilibrium equation, but there are other factors as well.  Additionally, it's going to be impossible to accurately weight on any one of these factors; for now, we are only able to speak in very broad generics.
37  Economy / Economics / Re: Chargebacks. on: June 22, 2011, 05:44:11 PM
I heard that Ebay was nixing all BTC listings because it was having the chargeback issue with paypal, but I still plenty of listings up.  Can someone shed light onto this situation for me?
38  Economy / Economics / Re: Bitcoin ETF (Exchange Traded Fund) on: June 22, 2011, 05:42:52 PM
Correct, Grinder.  Since ETFs are typically aggregated, they point at an index that details the collective movement.  But since BTC is an individual source, an ETF consisting solely of BTCs would be like investing directly in BTCs.
39  Economy / Economics / Re: What is holding you from investing tons of money in this? on: June 22, 2011, 05:39:41 PM
I can't, in good conscience, hold bitcoins as a long-term investment because, for me, the future is still clouded due to rampant security issues and real-world viability concerns.
40  Economy / Economics / Re: Thinking in bitcoins? on: June 22, 2011, 05:35:14 PM
Stability comes with knowledge and understanding.  And it is quite obvious from reading all of the uncertain threads/posts on this board that nobody is quite sure where BTC is heading.  Welcome to world of embryonic products.  Until we, as a community, get a better idea of BTC's future, I think stability will continue to struggle with value fluctuation, which, in turn prevents it from wide-spread acceptance.  It's almost like a Catch 22.
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