Is economic protectionism bad policy in general?
Do we gain more by sending jobs to other countries where the labour is cheaper?
Looking back over the past 15 years of globalization, has the US gained from outsourcing or in retrospect would have it been better to try to keep those jobs at home?
You should look back in the past 200 years of globalization. Was there any profit for your country? You usually fell globalization while embargo's start. Currently is popular Russia embargo. In my country now we have to much apples. Was jsut the case, so EU bought them to be give free to homeless, schools, ... Next will be other industry. When you stop globalization BDP lowers.Globalization is distorted by embargoes, import duties, technological barriers, etc. |
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well so far my 1 BTC buy of $380.01 is holding...come on baby be the low rise rise rise (No it won't work..but neither will my dreams of dating a super model unless bitcoin comes thru in 5-10 years .. that makes one highly motivated to HODL let me tell you and still better odds the winning the lottery my other long term investment shortcut  ) You'll need a couple more than 1 BTC if you want to date a super model. The only people dating supermodels will be the early adopters, we are peasants. Maybe we can impress Jeniffer the cashier at walmart with our 1 BTC investment. We are early adopters comparing to future generation. So we are able to date super model in 10 years time. At that time, the real early adopters will be ruling the world.  |
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I think it is kind of inaccurate because most people are basing their gauge of the "bitcoin craze" directly on the price per BTC.
If it were based on how many people are starting to get paid in BTC, or how many people are leaving high power positions to go to BTC startups, or how much VC money is going into developing BTC companies, or companies built on top of BTC, then the 'bitcoin craze' as you call it is clearly at an all time high.
If you are solely basing it on price, which most people are, then I guess you can make the statement that the btc craze is temporarily dying down...
Perhaps instead of craze , what we should be developing/focussing is rationality.People are beginning to grasp the limitation of bitcoin and building around it.Many people like to compare bitcoin to the internet.Lets not forget that at the beginning the hype(promoted by overzealousness and naivety) about the internet was tremendous.How the internet was going to end wars, makes government and borders obsolete and promotes , of freedom(seem familiar doesn't it?).The dotcom bubble was one famous example of this culmination .We are now standing in the age of internet maturity and how the hype have yet to match reality(or if it ever will).If the bitcoin follows this analogy,its trajectory might follow the same pattern. That is unless bitcoin went the way of the PDA or the pager ,that is. The ones who are getting out of bitcoins now are the get-reach-quickly types. |
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I haven't even received even a Satoshi from unknown addresses yet.  |
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No time in bitcoin history has anyone lost any money if they held for 1 year at any buy in point. This will be really interesting when we start hitting september/october.
We are already towards the end of September... And there is no recovery in sight. I think he means 12 month period. If that is the case, then the price in Dec last year was over 1,100, we have to rise a lot to beat that. 13-Nov-13. That is the day bitcoin crossed $400.... and that too with a $45 jump. By Nov-Dec we will know whether such a 12 month period exists. |
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Strange. What proportion of Australians own bitcoins?
Are there other questions like do you own gold/silver/copper/any damn metal/...?
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Swedish Politician Elected to Parliament on Bitcoin-Only Donationshttp://www.coindesk.com/swedish-politician-elected-parliament-bitcoin-donations/
Outlining his political agenda on his blog, Sundin made it clear that he would oppose “knee-jerk regulation” of bitcoin and disruptive technologies in general. Taking the advice ‘put your money where your mouth is’, the politician also made a point of accepting campaign donations solely in bitcoin.
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it doesn't end. what is the incentive for ending it.
The end might not be in America's hands. |
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Imma say this, Russia is not AIR OR SEA superior to the US, They only have 5 su-50's in operation- (They only thing they have that can hang with the f22 raptor) Second, The f22 exceeds what the human body can handle, The system in the f35 digital 360 hud display will be used in alot of the fighter if we go full out war time. Can u imagine what one poiltLess f22 is capable of?  ? WE HAVE THE BEST MILITARY HANDS DOWN, WE VERBALLY LOWER OUR CAPABILITIES TO SAY WE ARE NOT WAR HAWKS, JUST THINK ABOUT A FEW UPGRADED STEALTH SUPER HORNETS , F22'S AND F35'S(OUR VERSIONS IS DIFFERENT FROM EVERYONE ELSES) RAIL GUNS, ENERGY WEAPONS, SECRET UAV FIGHTERS, I COULD KEEP GOING... LOL LASERS VS YOUR MISSLE , RAIL GUNS VS YOU MISSLE, KINETIC BOBMARDMENT VS UR MISSLES, (NUKE OR NO NUKE THEY CANT SEE US, THEY NO "MAD" IS OUT THE WINDOW China has quite the military.... and almost no debt... and owns A LOT of the housing in western countries... In one day they could flatten the entire western ecom via selling all that housing at 1/10th of it's value.. our ecom would implode. No reason why the Government should not step in during such a scenario. |
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Nice one! I had almost forgotten about this story. Although this particular case has nothing to do with the current surge in art prices, I'm glad you brought it up for a different reason. These two companies had colluded to fix auction prices. Of course Austrian economists will say that price fixing schemes are inherently unstable as both companies have a bigger incentive to ignore the agreement that to abide by it. But try explaining that bit of game theory to a jury that already views these companies as being for stuffy rich people. A jury may not understand game theory but the government does.
Price fixing cases were extremely difficult to prosecute because they relied on one company defecting to the government and putting themselves at risk for prosecution. The solution the government devised was to automatically grant immunity to the first company that defects to the government even if they are the more guilty party. Even if the whole thing was their idea and they convinced the other company to go along with their scheme. That's exactly what happened here. Christy's convinced Sotheby's to go along with their scheme and Christy's also defected to the government first about the scheme. Your government rewards dishonesty from businessmen.
Yeah I remembered this when I read your OP. I'm cynical and just don't see any market that isn't being manipulated. Seems the prices of art have gone up along with the prices of empty mansions where I live (Vancouver, Canada), coinciding with all the quantitative easing. As if the 1% were dumping all their money into these assets. No bubble here though.  Bitcoin is the only asset which seems to be in a downtrend. With Quantitative Easing almost stopping, I expect the trend to reverse. |
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another nonsense conspiracy theory
You will find a lot more of these in the bitcoin world.  |
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Setting them free would be promoting them to a liveable wage.
Which would permit them to save up some cash, which in turn makes it possible for them to advance their education, move to a different country if they choose, or just save up enough to live on for a while and leave.
But that's not profitable. Master would have to "train" somebody new.
If your employees feel like slaves there's nothing you can do to change that except pay more and improve the working environment/hours. Also they won't tell you if that's the case, they want you to free them.
If you're a small business owner odds are you pay your people well though, unless your just starting and struggling to become profitable, in which case you're out there pulling your weight with them.
I can think of one decent paying position that doesn't require a bachelors. Mailman. But competition is fierce for a job with the USPS.
With almost everyone completing a bachelor's education, employers are free to set the bar high. Most positions wouldn't really require a college education, but since there are so many graduates around, employers can be choosy and hire somebody with a bachelor's degree. |
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If it would happen, then it would be the biggest bubble the world has ever seen with disastrous consequences. It would be fun to watch.  Agree.. 6 months is too short a time for such a huge shift. Governments would ensure that such a bubble gets pricked. |
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I tend to buy whenever he posts. Some sort of reverse psychology process I suspect.
good strategy. you must be totally bankrupt by now. You must be real rich now, if you had put your money where your mouth is and shorted bitcoins. |
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You morans. The Bitcoin ETF is coming. The floodgates shall burst forth with glorious adoption and price rise.
Noble HODL'ers shalt be rewarded. The rest of you impatient unbelievers... shall fall! Well, at least be pissed off when the price hits 100K+. Lol.
All hail the Winklewoss twins. They shall be our saviours. |
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i would let it ride but cannot. supply of gold is finite. it is one of those elements created during a super nova.
Although gold has a fixed supply on earth, so far human has only mined a very small percentage of it near the surface of earth, if the price rise due to inflation, there will be more deep gold mines open (like those in china) to dig out more gold, and currently the gold is on the brink of crash due to oversupply Gold has already declined by 10% from the highs of last year. |
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if bitcoin would go considerably lower than now after a 9 months decline and the paypal news i'd consider it failed and move to the next coin with lower inflation, really.
Freakin' inflation killed it.
Buy some Uno, they got the inflation-part right. It can replace bitcoin any day. Not a problem. Cut the freakin' inflation.
Lower than 300$ --> dump it, never look back. Wait for the halvings. Till 2016 it'll be back to 50$ or 10$ then. Hold some Uno to save your day.
And the alternative is.... Unobtainium?  |
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The prices in developing markets like China are also at unbelievable levels.
Guess real estate prices in most markets deserve to be popped.
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"-Miners typically need to sell their coin immediately as they have invested in equipment that expects a return"
Can someone please clarify for me, in layman's terms, how the investment a miner makes to acquire a coin is any more at risk than the investment a trader makes to acquire a coin? Once the coin is in your wallet, the relative return on that coin, once sold, is identical for both cases isn't it?
Miner: Spent $10 on equipment costs, $90 on power and cooling, received one Bitcoin worth $100
Speculator: Spent $90 on some exchange, $10 on fees, received one Bitcoin worth $100
Why are these two individuals in any different situation once they have turned their non-coin assets into coin? Up until the moment the coin landed in their wallet, their pre-coin assets could have performed wildly different to each other. But once they have been converted to coin, they perform the same? Or am I making the mistake of thinking miners do not see themselves as speculators but as something like 'manufacturers' and are thus not using disposable risk capital to set up their operations?
Miners would like to continue mining and earn bitcoins. So their bills have to be paid out. |
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Miniscule.
The distribution would be similar to the distribution of any other form of wealth.
A small minority holding the major portion of bitcoin.
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