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22501  Economy / Service Announcements / Re: CoinAd.com, a Paid-To-Click that pays you in Bitcoins! on: January 14, 2014, 04:33:38 PM
what?
just what?
I just read 125 referrals are too much for any one he could be some rich with this its real news or rumor can explain some one  Cheesy
There are people with almost 5,000 referrals, so 125 isn't much, but it's for sure a nice number, not everyone can reach that.

It is more important what income they actually earn for their promoter. In short, can a guy with 5,000 referrals quit his job, lol?
22502  Economy / Economics / Re: Inflation and Deflation of Price and Money Supply on: January 14, 2014, 04:24:53 PM
....
This is oversimplification. Inflation (as price increase) also depends on money velocity and productivity. I am also curious about the source of the data...

I didn't say that money supply is the only variable in the equation of exchange. But we need to respect the economic terms for what they are and not mix different categories even if they are in a cause and effect relationship

Right, but we should always keep in mind that there are at least two more independent factors (since Fisher's equation isn't perfect either as it may just not work) that can and do override the money supply factor in this cause-and-effect relation...

Wow, bamboozle me with BS why don't you? What? You mean an economic formula called Fisher's equation is not perfect? Unbelievable! Imagine that, an imperfect economic equation that may not work.

When I said Fisher's equation is not perfect (and yes, you read me correctly) I meant it doesn't always hold true. As with most formulas (and this is especially true for economic ones), in practice they don't always work as mathematics put in them dictates. Regarding this one, increasing money supply doesn't necessarily lead to price inflation (even if other factors are constant) as happens, for example, in a liquidity trap...
22503  Economy / Economics / Re: Why Bitcoin is ultimately doomed to fail (not today or tomorrow) on: January 14, 2014, 03:42:22 PM
Also, these bank loans will be backed up to the last bitcoin even if quantitatively they exceed the number of bitcoins 10 times. Money multiplication is not about creating money out of thin air in the sense most people think

Ridiculous. These bank loans are backed by nothing and anyone can see that on the blockchain. You will not be able to deliver bitcoins that you don't have. Sure you can try and borrow them short term from someone but I think that will get expensive very quickly.

Money multiplication via fractional reserve banking is creating money out of thin air exactly as people think. Keynesians and neo classical economists just don't admit it. This is because people are bringing forward future expenditures by borrowing. They are in fact creating new money today. That inflates asset prices today, which devalues currency today.

I specifically wrote this as a separate post since I knew in advance someone would definitely come out and say something along these lines, lol. So many people don't understand what money multiplication actually means in general, and why one bitcoin can back up any number of loans in particular...
22504  Local / Новички / Re: Новичкам сюда! - FAQ on: January 14, 2014, 03:29:39 PM
И каждое сообщение добавляет +1 к Активити? Или есть ещё условия?

Активность определяется как минимальное из двух чисел. Первое число соответствует количеству сделанных сообщений, а второе - числу дней на форуме, округлённое до целых недель (если мне не изменяет память). Вот у меня активность равна 84, что означает, что я на форуме уже по-меньшей мере уже 84/7=12 недель (поскольку сообщений у меня больше 84)...

все стало гораздо понятнее, спасибо

Я, кстати, немного ошибся, там округление происходит даже не до недель, а до двухнедельного периода. Поэтому у меня, например, следующий "уровень" активности будет сразу 84 + 14 = 98...
22505  Economy / Economics / Re: Why Bitcoin is ultimately doomed to fail (not today or tomorrow) on: January 14, 2014, 11:46:33 AM
Also, these bank loans will be backed up to the last bitcoin even if quantitatively they exceed the number of bitcoins 10 times. Money multiplication is not about creating money out of thin air in the sense most people think
22506  Economy / Economics / Re: Why Bitcoin is ultimately doomed to fail (not today or tomorrow) on: January 14, 2014, 11:41:15 AM
so what you actually want to say it that banks will borrow unfounded bitcoins just like they actually doing with fiat currency.
Like in Europe banks only need to have 1% of the money they borrow.
And yes I think in a few years they'll do the same with bitcoin and even with less the 1% covering.
This would lead to inflation and therefore banks could destroy Bitcoin

You probably meant lend. And not necessarily unfounded. I mean that money multiplier should work just fine even in the case of bitcoins. Banks wouldn't lend bitcoins directly (though they can actually borrow them), they would evidently lend bitcoin notes and take them for extinguishing debt and voila!

You're right I wanted to say lend.

But I think it's questionable if people will accept such hardly founded "paper-bitcoins".
Maybe many people now become aware of "money multipling" and are dissapointed with the actual financal system and therefore don't want to uses banks anymore.

The aim of this thread is to show the way bitcoin has to pass that has already been treaded before. People in the 19th century already loaned (i.e. gave) their gold and silver coins to banks accepting paper "bank notes" in return, i.e. just receipts. Why should it be different now, especially if peeps wanted to borrow from banks? If banks are ready to take back their "paper" bitcoin derivatives as they would, I see no problem here...

In any case, greed is above reason
22507  Economy / Service Announcements / Re: CoinAd.com, a Paid-To-Click that pays you in Bitcoins! on: January 14, 2014, 11:31:35 AM
4.2 million ad views.
100,000 registered users.

 Smiley
Nice! About 0.5% of these are my referrals!

And only 25,000 active between them. About 0.5% of these makes around 125 active referrals, lol
what is your earning from these 125 referrals estimated in a month

You shouldn't ask me, since it is not me who has 125 referrals. But if you, nevertheless, want my take on this, at another faucet (which is prohibited to name here) where I do have referrals, only small part is active and earnings from them are laughable at best. Actually, only "recent" referrals do earn something...
22508  Economy / Economics / Re: Inflation and Deflation of Price and Money Supply on: January 14, 2014, 10:54:47 AM
....
This is oversimplification. Inflation (as price increase) also depends on money velocity and productivity. I am also curious about the source of the data...

I didn't say that money supply is the only variable in the equation of exchange. But we need to respect the economic terms for what they are and not mix different categories even if they are in a cause and effect relationship

Right, but we should always keep in mind that there are at least two more independent factors (since Fisher's equation isn't perfect either as it may just not work) that can and do override the money supply factor in this cause-and-effect relation...
22509  Local / Новости / Re: Департамент штата Нью-Йорк по фин услугам on: January 14, 2014, 10:08:38 AM
Департамент штата Нью-Йорк по фин услугам проведет слушания по бтс

Quote
Департамент штата Нью-Йорк по финансовым услугам проведет общественные слушания по вопросам регулирования цифровых валют 28 и 29 января. На повестке дня также обуждение возможности выпуска так называемых «Битлицензий» — документа, позволяющего предпринимателям заниматься бизнесом в сфере виртуальных валют.

Председатель Департамента Бенджамин Лоуски выпустил обращение, в котором представители прессы и общественности приглашаются присутствовать на слушаниях. Планируется, что в ходе заседания сначала выступят несколько докладчиков, а затем откроется дискуссия. В обращении также говорится о том, что места на слушаниях ограничены, и обещается «широкий спектр участников отрасли, инвесторов, ученых и прочих лиц, так или иначе вовлеченных в сферу криптовалют»

http://coinspot.ru/news/nyu-jorkskij-departament-po-finansovym-uslugam-anonsiruet-slushaniya-po-bitkojnu/

«Мы бы хотели, чтобы Канье признал и рекомендовал Коинйе". Биткойн головного мозга в терминальной стадии, что тут можно ещё сказать...
22510  Local / Новости / Re: На Филипинах открылась биткойн-биржа on: January 14, 2014, 10:03:40 AM
у нас тоже есть много стран, куда мигранты отсылают деньги, заработаные в России

У нас и биржа есть, которая вроде как в Болгарии зарегистрирована, но почему-то всё равно считается российской (не один раз встречал в англоязычной части форума упоминание btc-e как российской биржи)...
22511  Local / Новости / Re: Биткойн требует от Вашингтона гарантий «&# on: January 14, 2014, 09:58:55 AM
Биткойн требует от Вашингтона гарантий «защиты» от конгрессменов

Quote
Год назад сторонники биткойна проявили инициативу и сами вышли на связь с властями. Правда, в Вашингтоне их восприняли, прежде всего, через призму причастности криптовалюты к криминальной среде. Их главной миссией было если не отразить все нападки Отдела по борьбе с финансовыми преступлениями Министерства Финансов США (Fincen), то хотя бы не допустить подозрений с их стороны в нелегальной деятельности при использовании цифровых денег. Глава ведомства Дженнифер Шаски Калвери рассказывала:

«Изначально, когда я была на стороне скептиков, нашей реакцией стало заявление, о том, что биткойн создает огромный риск отмывания денег. Но мы – отдел Министерства и не можем реагировать подобным образом».

В марте Fincen  представил правила, в соответствии с которыми, биткойн-компании признаются платежными посредниками, которые должны соблюдать законы против отмывания денег. В индустрии это решение было встречено позитивно, так как создает основы отношений между биткойном и регуляторами, а кроме того это разрушает его славу как средства проведения незаконных транзакций.

http://coinspot.ru/news/bitkojn-trebuet-ot-vashingtona-garantij-zashhity-ot-kongressmenov/

Одно другого совершенно не исключает, поэтому логично, что в "индустрии" это решение было встречено позитивно. Пока протокол остаётся неизменным, можно закладывать любые "основы отношений между биткоином и регуляторами"...
22512  Local / Новости / Re: Зарплата в биткойнах стала реальностью on: January 14, 2014, 09:56:28 AM
Это получается налогов сколько считаешь нужным или даже вообще можно неплатить?

Вопрос в целом надо поставить несколько по-другому, сливают ли они информацию по выплатам в соответствующие налоговые органы. А вообще, насколько мне известно, в Штатах люди сами рассчитывают и уплачивают ежегодный подоходный налог (income tax). Не уверен, что там даже существует понятие налогового агента...
22513  Economy / Economics / Re: Hide your kids, hide your wife! on: January 14, 2014, 09:32:43 AM
Isn't the concept of "exports oriented economies" flawed from the start ? How are "imports oriented economies" that are a necessary counterpart supposed to buy stuff from the former ?

To me it's pretty clear the US is scamming the entire world and has been doing it for decades, not just since the start of QE.

It's also interesting to look at Germany and "southern European" Euro countries to see that even with the same currency and without money printing (although now there is also money printing, to wage a currency war with the US and Japan) trade imbalances are causing real problems.

Yeah, they "export" debt, it has already been mentioned in the thread (though nobody paid close attention to it). It may look unfair at first glance, but assume for a moment that they ("import oriented economies") would have otherwise to lower their currency purchasing power instead (to get imports balanced with exports), or, rather, let the currency market do this job...
22514  Economy / Economics / Re: Why Bitcoin is ultimately doomed (not today or tomorrow) on: January 14, 2014, 09:01:30 AM
Can we converse in English please  Cheesy

Rotfl, I was thinking I couldn't understand well!!!

In fact, your thinking was probably not very far from truth, lol. I changed the original post significantly since then with simplicity in mind...
22515  Local / Новички / Re: Альфабанк + Bitcoin on: January 14, 2014, 08:41:39 AM
http://idea.alfabank.ru/ideas/5571/ - голосуем за то, чтобы Альфабанк начал работу с биткойном.

регулятор не позволит, но идея хорошая

Банки много чем занимаются (лень даже вспоминать), есть соответствующий закон о банках и банковской деятельности, вот про него и надо писать, а не про регулятор (позволит-не позволит)...
22516  Economy / Service Announcements / Re: CoinAd.com, a Paid-To-Click that pays you in Bitcoins! on: January 14, 2014, 08:37:42 AM
4.2 million ad views.
100,000 registered users.

 Smiley
Nice! About 0.5% of these are my referrals!

And only 25,000 active between them. About 0.5% of these makes around 125 active referrals, lol
22517  Local / Oбcyждeниe Bitcoin / Re: Мифы о биткоинах on: January 14, 2014, 08:28:33 AM
Железный аргумент - ссылка на желтую прессу Smiley
Вот еще образчикс того сайта:
Quote
Russia Warns: Atlantic Ocean Asteroid Impact Soon
от декабря 2013 .
Это помойка, куда скапливается весь информационный мусор со всего мира.
Если кто-то пишет, что золотые слитки подделываются вольфрамом, то я поверю не этому кому-то, а учебникам физик и химии.

Ну декабрь ещё только закончился, а год только начался, поэтому возможно ещё всё впереди (я по поводу астероида). Может они к тихоокеанской космической группировке собираются добавить атлантическую, потому и решили скромно написать про "астероид", лол...

Учебники химии говорят, что плотность вольфрама практически идентична плотности золота (19,25 г/см³ против 19,32 г/см³), поэтому логично золотить вольфрамовые чушки и выдавать за золотые (для любителей закона Архимеда и мензурок)...
22518  Economy / Gambling / Re: Win free Bitcoins every hour! on: January 14, 2014, 08:22:45 AM
1,35BTC - is it true or fake?

TOP 10 OVERALL WINNERS - 0.91245965 BTC

It's fake. Anybody can use the console in chrome or firefox to enter javascript to change the numbers and then take out a screenshot. That doesn't change the numbers in the database.

In chrome type Ctrl+Shift+J and then paste the following and paste enter :
Code:
$("#balance").html("1.35001295");

Then look at your balance and magically you will have the same amount too Wink

Yeah, just feel yourself a winner, lol!
22519  Economy / Economics / Re: Why Bitcoin is ultimately doomed to fail (not today or tomorrow) on: January 14, 2014, 08:09:27 AM
so what you actually want to say it that banks will borrow unfounded bitcoins just like they actually doing with fiat currency.
Like in Europe banks only need to have 1% of the money they borrow.
And yes I think in a few years they'll do the same with bitcoin and even with less the 1% covering.
This would lead to inflation and therefore banks could destroy Bitcoin

You probably meant lend. And not necessarily unfounded. I mean that money multiplier should work just fine even in the case of bitcoins. Banks wouldn't lend bitcoins directly (though they can actually borrow them), they would evidently lend bitcoin notes and take them for extinguishing debt and voila!
22520  Economy / Economics / Re: Inflation and Deflation of Price and Money Supply on: January 14, 2014, 07:59:19 AM
We need to go to the start of this thread. The idea of dividing price inflation and money supply inflation makes no sense. According to all major sources, these two categories are just cause and effect of inflation. CPI is the most basic measure of inflation worldwide.

What are your 10-20% supposed to mean and where did you get this data?

This is oversimplification. Inflation (as price increase) also depends on money velocity and productivity. I am also curious about the source of the data...
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