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23801  Other / Off-topic / Re: Which operating system(s) do you use? on: November 27, 2013, 04:12:14 PM
Mac is Linux...really ?

Mac is Unix, Linux is not Unix, which gives us that Mac is not Linux (though both are POSIX compatible)! As simple as that...
Sarcasm mode off
23802  Other / Off-topic / Re: Linus Torvalds or Satoshi Nakamoto? on: November 27, 2013, 04:06:48 PM
Linus is too old.  Satoshi I assume was in his 20s.  These type of things are created during the peak of one's life.

The peak of one's life is different for different things. In your 20s you just can't see all the possible difficulties, cobwebs and outcomes in questions regarding lives of others and even your own life for that matter. Creation of a completely new type of money rightly belongs here because it can dramatically change your whole life...
23803  Other / Meta / Re: Forum ranks/positions (What do those shiny coins under my name mean?) on: November 27, 2013, 03:48:24 PM
Satoshi platinum coins look a bit empty to me... Had I met someone with them I would think him devoid of all former ranks and positions for some transgression...
23804  Economy / Speculation / Re: Explanation for today's boom? on: November 27, 2013, 02:36:00 PM
Someone was going to make the thread, but this time I am genuinely curious, so I made it.  Someone commented that China is not at play right now, and that serious money is pouring in, but mostly from Europe and the Americas.  Are you guys able to see that on the exchanges somehow? 

When the price is this high, part of me believes this is governments buying in or something ... thoughts?

Probably frightened banksters are now entering into play after having been scared by the Fed which promised to denude them of their money to cut interest rates on their reserves
23805  Local / Новости / Re: А может биткоин — это заговор? on: November 27, 2013, 02:25:42 PM
не заговор а разговор Smiley

Парни, вы совершенно ничего не понимаете!
Биткоин - это приговор!!! Cheesy
23806  Economy / Speculation / Re: We need to wake up fast before china will eat all the BTC.. on: November 27, 2013, 02:10:39 PM
guys we need to start waking up.. or china will dominate btc at this buying rate..

7500+ BTC bought with Yuan, 561 BTC bought in USD - all in 01:54 hours and rising.. http://fiatleak.com/
somthing isn't right

You do realize they buy those coins form other chinese right? =))))))

Are you sure this is not a net surplus by country?
23807  Economy / Speculation / Re: We need to wake up fast before china will eat all the BTC.. on: November 27, 2013, 02:01:25 PM



guys we need to start waking up.. or china will dominate btc at this buying rate..

7500+ BTC bought with Yuan, 561 BTC bought in USD - all in 01:54 hours and rising.. http://fiatleak.com/
somthing isn't right

Some time ago in one of the threads here I made an assumption (as a jest) that they were going to buy all bitcoins out there, whatever the price might be... Now, looking at these figures, I ask myself, was it really a joke?
23808  Bitcoin / Bitcoin Discussion / Re: why don't we just use scientific notation for btc units on: November 27, 2013, 01:51:19 PM
Well, nobody forbids you to use it.

But really, it seems simpler to use SI prefixes.

Still better would be to give proper names to at least one thousandth and one millionth parts of a Bitcoin (those milli and micro prefixes)...
23809  Local / Новости / Re: «Биткоин — не деньги», — избирком США on: November 27, 2013, 12:04:28 PM
Избирком США не успел закупиться биткоинами на минимуме Grin

А как дышала, как дышала!

С другой стороны, я думаю, конкретно у избиркома США проблем закупиться битками не должно быть в принципе при любой цене... Так сколько там до следующих выборов в Сенат осталось?
23810  Economy / Service Announcements / Re: CoinAd.com, a Paid-To-Click that pays you in Bitcoins! on: November 27, 2013, 12:00:16 PM
Starting to not have any ads to click

Please also consider reducing the cashout threshold

30k satoshis is too high

You should come at the right time, they say!
Which time it actually is no one seems to know or tell precisely...
23811  Local / Новости / Re: «Биткоин — не деньги», — избирком США on: November 27, 2013, 11:00:18 AM
«Биткоин — не деньги», — избирком США

http://coinspot.ru/?p=208

Надо же, даже избирком уже успел отметиться! Кто там следующий на очереди? Полагаю, комитет по защите бездомных животных должен обязательно сказать своё веское слово (если что, ничего против бездомных животных не имею)...
23812  Economy / Economics / Re: Ideas for more efficient distribution of money? on: November 27, 2013, 09:47:33 AM
Sorry I did not write that. The only point I wrote in this thread was fiat is ponzi because it is based on the people's confidence (consent) to be governed.

Ok then, what about the inference from your own logic showing that fiat can't be ponzi which I wrote in one of my posts that you successfully ignored?
23813  Economy / Services / Re: Earn up to 0.4BTC/month just by posting! on: November 27, 2013, 09:29:26 AM
Well, payouts will probably have dropped by then Cheesy
They will probably change on every 17th from now on, but if you had kept the btc from when it was 1.2BTC, you would have earned quite the amount by now.

The payouts change in BTC because BTC price in dollars rises, so despite them being possibly lowered on every 17th from now on, the amount which could potentially be earned in dollars may still increase...
23814  Economy / Economics / Re: Ideas for more efficient distribution of money? on: November 27, 2013, 09:06:10 AM
So now you come up with memory lapses... Splendid!

Any you? You remember what you claim was written obviously since you are accusing me?

What me? You wrote a post answering me and someone else, you quoted this sentence "Whereas in a Ponzi scheme no real component in the underlying "asset" is present..." from my previous post, saying in reply that "fractional reserve banking is also a Ponzi scheme because banks create credit out of nothing and if there is a bank-run the system would crash"...

It seems that I remember what you wrote better than you yourself do!
23815  Economy / Economics / Re: Ideas for more efficient distribution of money? on: November 27, 2013, 08:51:28 AM
I remember, yesterday you posted a message in reply to one of my posts regarding a Ponzi scheme where you stated some sheer nonsense about fractional reserve banking being a Ponzi (which was along the line of the discussion then). And just as I wanted to submit my reply and hit the Post button, your post suddenly disappeared!

If I deleted something quickly, it might have meant I realized it was incorrect. I really don't remember writing what you claim.

When I delete my own posts, they don't go to my PM, so there is no way for me to check your claim. I would have been willing to explain what I was thinking and why I deleted if I could find the post you are referring to.

So now you come up with memory lapses... Splendid!
23816  Economy / Economics / Re: Ideas for more efficient distribution of money? on: November 27, 2013, 08:46:13 AM
They may have no other job offer.

Nope. It just means they still have confidence in the system (at least some of them), plain and simple. If they didn't, it would mean the money completely had lost its exchange value, i.e. ceased to be money, so no more sense to work. Direct inference from your assertion ("intrinsic value of fiat relies on society maintaining confidence in its government and financial system")...

You assume a world of 0 friction where change happens instantly. If change happened instantly there would be no change, the end game would already be the present and the past. Friction (inertia) and time are inseparable. These are the sort of deep insights on my blog:

And now you say there is some inertia in the system. Before that, you said they might not have had another job offer... What will your next dodge be?
23817  Economy / Economics / Re: Ideas for more efficient distribution of money? on: November 27, 2013, 08:38:42 AM
I deleted my own posts either because they were not on topic, or more importantly I've deleted them because they contained evidence and technical clues of what I am working on!  Wink

I remember, yesterday you posted a message in reply to one of my posts regarding a Ponzi scheme where you stated some sheer nonsense about fractional reserve banking being a Ponzi (which was along the line of the discussion then). And just as I wanted to submit my reply and hit the Post button, your post suddenly disappeared!
23818  Bitcoin / Press / Re: 2013-11-21 Bloomberg: China will not increase dollar reserves anymore on: November 27, 2013, 08:21:07 AM
Sorry but you clearly have no grasp of either of the processes or legalities of international trade. Nothing is "falsified" etc etc. You just agree to send the equivalent in BTC to settle an invoice in USD. Simple. Happens all the time, nothing remotely illegal about that!

Ok, I have no grasp of the processes of international trade. How would you then ask your bank to issue a bank guarantee on your behalf for the benefit of your foreign trade partner to guarantee the fulfilling of the contractual obligations if you are not actually going to pay the sum covered by the guarantee in the currency declared?
23819  Other / Politics & Society / Re: US banks warn Fed interest cut could force them to charge depositors on: November 26, 2013, 10:04:17 PM
Yes, but we all implicitly suggest that Bitcoin user will be affected only in a positive way, i.e. by sharpening and deepening his competitive edge over fiat users in the case of banks going underwater...

what do you mean by banks going underwater? Cheesy
I doubt this could really happen if it means what I think it means Cheesy

Just as with humans, i.e. drowning in debt and being unable to fulfill their financial obligations under, say, a massive bank-run... Are you ready?  Grin

23820  Local / Новости / Re: Bitcoin на радио Эхо Москвы on: November 26, 2013, 09:44:00 PM
А пузырь недвижимости это не пирамида? вы же сами только что написали, что прибыль есть разница, думаю не стоит объяснять , что разница береться исключительно за счет притока новых вкладов, и как только он иссякает, мы получаем-скам. Вероятно все помнят ситаццию на рынке недвижимости США в 2008г?

Ни разу, поскольку на недвижимость существует не только спекулятивный инвестиционный спрос, но и реальный, который более-менее постоянен и определяется естественными потребностями людей в жилье. Если бы недвижимость была пирамидой, то тогда жильё должно было бы иметь ценность только как объект для инвестиций или спекуляций... Пузырь - это не пирамида!

На рынке недвижимости США в 2008г ничего и близко похожего на крах пирамиды не произошло, сообразительные люди под шумок неплохо так поправили своё жилищное положение...
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