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Read this people, not everyone who chooses to use Bitcoin is to be considered a right wing lunatic.
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WHERE IS YOUR MATH SIR?
I asked you a simple question.
Sorry about that. $100 <-- USD in existence -$110 <-- USD owed to treasury ------ ($10) <-- Debt that cannot be paid off. I was thinking about this the other day.. Money is also created when banks lend(create) money. When people borrow money it gets put into the economy.. if later that debt is forgiven in bankruptcy or death or whatever that money is still in the system. As to the taxes it is pointless to argue because ... some people just will never get it and life is to short. While I agree that some people may "never" get it, the time is approaching for us to have a serious adult conversation about these things. Debt is a serious problem, and we can't go about slashing it on the backs of our most vulnerable citizens. That is some backwards sick ideology if you ask me, and if anything it's anti-modern... |
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Refuse to use bitcoin on any version of windows.
Yes, keep telling people that and you'll surely win over the mainstream market! Windows users are prevalent, which is a fact that has nothing to do with me. then what were you trying to get by not using the bitcoin client on windows. If you use an application that deals with money, on Windows, expect to get robbed. I think that's what he's getting at, and I agree. You and him are both WRONG. If you're running a genuine version of Windows 7, with all Windows updates installed and current, and a strong user password with some good anti virus (I recommend Norton or Kaspersky) you will be fine. It's not Bitcoins fault that there are people on Windows Xp bundled with Avast thinking that they are safe... |
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 See what the hell this is? Do you? Some idiotic fucker has developed a virus which does nothing but run copies of the bitcoin mining client to generate coins for the viruses creator. This kind of moronic shit is going to get bitcoin a really fucking bad reputation exceedingly quickly, especially with security companies (who would then be liable to automatically block any bitcoin client from running on the machine since it's suspect malicious software). Especially if it gets bitcoin classed as a botnet operation because then you get a whole load of countries cyber-defence agencies involved, which is going to kill the project dead.I don't expect it's anyone here but if it is cut that shit out now, before you ruin this for fucking everyone. OP's a troll http://forums.somethingawful.com/showthread.php?threadid=3413928&userid=0&perpage=40&pagenumber=336#post393667899Maybe he did get infected with that virus (which isn't right) , but his intentions here aren't either... |
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Can you show us your work, or atleast the source who is claiming that these debts can never be paid back?
Can we agree that the US Treasury creates all the currency that is in use for the United States? Can we also agree that that money was lent out to the government with interest? If so, what work do I need to show? If all the money I have to pay off a debt is $100, and I owe $110, how can I pay the debt ever? I asked you a simple question. |
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You're wrong. You are using some preatty fuzzy math to say the least.
All money in the US economy came from the treasury, and it was lent out with interest. The debt can never be paid back in full - mathematically impossible. Can you show us your work, or atleast the source who is claiming that these debts can never be paid back? |
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Camp BX seems to be trading much higher than the other exchanges. Anyone noticing that?
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Not everything is a ponzi scheme. Every since Bernie Madoff, everything is a ponzi scheme. Seriously, I've broken enough keyboards, don't get me banging my head again
Just because everything is not a Ponzi scheme, does not mean the US economy isn't. A Ponzi scheme uses new money to pay off old debts - that is what the US treasury does. There is not enough money in the US (real or virtual) to pay off the US debt, nor will there ever be. Every day that shortage grows. For each billion dollars the treasury makes (the only source of money), it asks for 1.x billion back, with x being the interest rate. Where does that x money come from? By making more money and widening the gap. Yes, the US will eventually go bankrupt - it is an absolute mathematical inevitability. It may not happen in our lifetimes, but eventually the interest payments alone will be more than the entire GNP of the country. . You are using some preatty fuzzy math to say the least. Please watch this video, I promise you will learn something. http://www.youtube.com/watch?v=JTzMqm2TwgE&feature=player_embedded |
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This is great news you guys! The reporting was really fair, and and genuine. Great job CNN.  |
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Bruce is going to be famous !  He will be able to get any chick he wants (if he's into that kinda thing). I see what you are doing there, and I don't like it... |
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Bruce is going to be famous ! |
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its done i've sent the claim... now we have to wait
i'm not the owner of the bitcoin system... hope i dont get in trouble because of it (if satoshi arrives: "he it's my record")
i hope they're enough intelligent, that they dont give the record to me. its for the bitcoin community!
Sent ya some for your work. Thank you.. |
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Miners who sell immediately, injecting excess liquidity and driving the price down are in a process of slow motion suicide and I say it couldn't happen to a nicer bunch of mercenaries.
That's a nice fantasy, but the volume of trading on Mt.Gox for the last week alone has been significantly higher than all the bitcoins mined for the entire last month. What most people aren't realizing is that the huge sell orders are not coming from miners, well not any that started after March, anyway. It's the people who have tens of thousands of bitcoins that are putting up the 'sell' walls you see on the charts. Simply put, some early adopters are slowly cashing out. Makes one wonder about the actual long term viability of the project. Some early adopters are already planning on heavily investing right back into the community... |
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Miners who sell immediately, injecting excess liquidity and driving the price down are in a process of slow motion suicide and I say it couldn't happen to a nicer bunch of mercenaries. Those evil hoarders who mined, saved, and believed in the project made a substantial profit and I say good for them.
I didn't buy GPUs. I bought coins. My coins don't become obsolete. My coins don't immediately plummet in value when used. My coins take up no space. They don't generate heat or make noise. My coins don't require electricity, so I can hold them for no cost. Your mining rigs will lose you money if the price keeps dropping.
I didn't quit my day job. I can afford to wait. Time is on my side, but not on yours. You'r only goal was to extract profits from speculators like me. Now, your future looks bleak while I see many buying opportunities ahead for myself.
Eventually, mercenary miners will drop out when the cost of generating coins exceeds the price they can get for them. Then they will stop their rigs and the only miners left will be true believers who don't sell. then the price will start to rise and continue to rise until the mercenaries jump back in. Then the price will start falling and the whole cycle will repeat until new software and infrastructure render our coins so valuable that even the mercenaries can stay with no ill effects. BUT, if they go broke in the mean time, good riddance.
The top miners have alot of USD to you know  . They will be there right with you when the buying frenzy comes... |
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We as a generation need to rise up and fight for what we know is right! We need to begin to organize with all of our community leaders, and we need to rally for a fair and sensible debt reduction plan that holds everyone accountable including these Washington politicians. Why do they deserve free universal health care when we can't have any? Why do we have to settle for a watered down plan while they get free healthcare for life on our dollar!
We need to come together and do nationwide peaceful rallies to show that we want this to go through without completely gutting Social Security and Medicare! Killing these social safety nets is what they’re primarily after, instead of modernizing these crucial entitlement programs, and making them more efficient thus reducing their costs.
Tea Party activist never account for technological advances in their growth projections, and that is a fundamental problem with the all out "conservative" approach. They are deeply pessimistic about the future, and believe that America can’t be great again. I couldn’t disagree more, and I believe that America’s time to shine is now! With Conservatives nothing ever changes, which leads things to become progressively worse... We as a society need to come out of our proverbial cocoon, and finally admit that we need one another much more than we think.
The sense of true enlightenment with God is that of unity, brought together by love and trust in thy neighbor. The belief of karma is truly a humbling one, and that’s what’s truly scary about this modern day conservative brand. They pretend that they care about people, yet when they see someone on the street dying they ignore it and call it an essential part of the free market system… Karma is real, and has always proven itself through history to punish those who are wicked towards their own people...
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do not use bitcoinwatch numbers for this
What is more accurate? Sorry if I misled. |
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Hold on, am I reading this right. Obama is trying to raise the legally permitted maximum of 14,3 trillion with another 2,5 trillion? And what happens after that? Does it get raised again and again? What the hell.  The President is after a common sense approach where the highest income earners start to pay at-least the same amount as their "less fortunate" counterparts, you know the middle class (see my Warren Buffet analogy in post above).And we unfortunately need to cut programs that we can't afford to have. However, we should continue to prioritize education, job creation, and infrastructural growth. http://www.youtube.com/watch?v=7Kj3TlwJfgwHe wants to work with them... The Republicans are holding everything back, and you have to call it for what it is. P.S Public education hasn't failed me... |
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This is a very good idea; has anyone made the effort to get in contact with them? The community is obviously for it. Many people have invested a lot of money, and are proud of their gear. They wouldn't mind showing it off to the world!
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