Simply holding a piece of paper should not enrich you. That is fucked. You didnt do a thing. You didnt innovate you didnt improve you didnt do shit, but sit on your ass and you think you should be rewarded for that?
Look at the way bitcoin is working. Hold and be enriched! More people want to use the "currency" and the value changes, so for doing nothing you get more purchasing power or if less people want to use the "currency" you lose purchasing power. That is not moral.
It isnt the unit that should change it is the amount of them.
If there where only 10 inches in existence and we wanted to measure a foot we would have to change the length of an inch. So if you had a 6 inch cock it would now be 5 inches.
The reward comes from being less foolish than those around you, not from "doing nothing". What is more important is that the folks buying now, are investing in Bitcoin's development (it is still in beta, you know?) Using the currency increases its utility as currency, so buy and spend, or mine and spend and what you don't spend (save) improves. How is this not moral? Your definition of "moral" is perplexing. The example of length also perplexing. What is it you are proposing? |
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To bad the guy has so much trouble making good on his deals. He himself accounts for a healthy percentage of the complaints on the 'scam' board. I myself may be quite interested in re-balancing directly into Gold at some point in the not to distant future depending on what the valuations of BTC do. Waiting for the Gold Parity Party? If current trends hold, maybe New Years 2015? Some heads up for those considering silver Bitcoin specie (gold not yet released), premium discount is coming Nov 16th (provided Bitcoin 30DMA stays >250). |
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I'm having difficulty following that conversation and get lost on almost every statement. Maybe you could help? Here is a small example: "ChrisandAmber North "because prices adjust not only to the quantity of goods but the quantity of money." That is not honest money! It is not the value of the currency that should change with demand but the quantity. That system enriches people by simply holding currency. That is immoral. You should not get increased value for doing nothing. That is the way bitcoin and currency speculation works now." Questions: 1) What is the immoral act of simply holding currency? It is very clearly ethical to act or not to act based on one's own agreements and decisions. This holding currency though also seems morally neutral. If one benefits from saving due to the immoral spending behavior of others, it would even seem to be on the side of "moral". What is the immorality here? 2) Prices adjust to both the quantity of goods as well as the quantity of money. This is market dynamics at work. In what way does this invalidate the honesty of a money? This would be true of any form of money, even gold. 3) "It is not the value of the currency that should change with demand but the quantity" (demand of what? quantity of what?) This gets further muddied with the assumption that governments are those with the role of defining money (something they are uniformly poor at doing though out history). Your proposal seems to re-create the problems of Bretton-Woods. The problems predate this period, but were strongly exemplified by the accord. Centralizing this decision is a part of the problem and destroys the value of the many decision makers of the world and replaces it with a central decider. The fundamental problem is that when you have a government fixing prices of anything (especially gold or money) the first thing one will buy is the government. The greatest misfortune there being that the currency of government is so often violence, as these have the monopoly of that within their geographies. Consider that each holder of the world reserve currency through history has been the supreme military power of its age and you may take the meaning from that. Supporting that military is typically the downfall of the economic system. Bitcoin offers a peaceful way out of that burden for the USA in this age of our own time. This gives the people of the USA the strongest interest in seeing that happen as it is they that bear this expense, as well as the repercussions of it being exercised globally. |
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Some thoughts: Paper currency of all countries is serialized, so this is not limited to the USA, however, some of these serializations can have common "address space" so you may need to designate Billets, Papier Monnaie, Banknoten, Papier Geld, Cartamoneta, Banconota, Shihei, Okane, Banknotai, Popieriniai Pinigai, Banknoty, Bumazhniye Den'gi, Notas de Banco, Papel Moneda, etc. Check out http://store.banknotes.com/home.phpThe risk of using domestic money of the country you are in, is that this can be confused easily or "borrowed" by someone who sees it as a fungible piece of currency. "one dollar bill is as good as another, why are you screaming?" Foreign currencies are immune from counterfeiting laws as they are legal tender of another geography. What might be interesting is to take a defunct paper money currency and imbue it with bitcoin value to resurrect it. |
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The tragedy is that the guilt of the fellow is either true or not true, but silence ought never be incriminating. Absence of evidence...
The non-verbal factors (specific gestures and postures suggesting guilty feelings) could be suggested as evidence, but instead they ruled against the silence. Bad precedent.
The supreme court is meant to be better than this.
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Banking holiday in USA for Veterans Day 11/11
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Bitcoin is the next upcoming story on Bloomberg, may discuss this past weekend, or?
The quick highlights:
"Gaining in legitimacy and Gaining in value"
"Upcoming senate hearings"
"Does Bitcoin fuel illegal activity?"
Zillow CEO: "Too much shadyness with a currency not backed by a central bank"
Shutterstock CEO: It is a great idea, will take years to grow, give it time"
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Then you have money on Bitstamp.....how do you get it out? Bank transfer? Wire? I hope you don't like using your money for a week or two.
Then you have several fee's for buying/selling and wire transfers....and the price of bitcoin has changed so much in those two weeks that you don't know if you will win or lose money in the process.
Would it really take that long? It's all money that would just be sitting around anyways. There's such a big disparity between them.. EDIT: Or just sell them in the exchange section. There's tons of people looking to buy @bitstamp rate or even bitstamp+ Or at US$500 per bitcoin? http://bitcoincharts.com/charts/localbtcUSD#rg60ztgSzm1g10zm2g25zv |
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Share the wealth  Check out his cigar thread, he has been sharing the wealth, of another kind. Best deal you are likely to find. Thanks! Shared some time with the City Attorney here over these. I always follow the advice of my lawyers, and they advised that contraband ought be destroyed without delay, and that the most effective method was by burning. Deep conversation worth far more than I could have afforded to pay for followed this. Possibly the best investment of the year was that hour of our time together. It wouldn't have been the same without your efforts, so I am in your debt. Just know that what you do ripples out into the world and has many positive effects. |
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I don't need Wikipedia to know what a day is, thanks.
Fair enough. Are you talking about a sidereal day or a solar day? Try to answer without looking at Wikipedia. Both are days. You did ask what a day is, without more details. The general answer is that a day is the time Earth takes to turn around itself. In a solar day, the Sun is used as a spatial reference. In a sidereal day, distant stars. In anyway, both concepts fit the definition of "the time Earth takes to turn around itself", that's why we use the same word to name them, and distinct them only with an adjective (solar or sidereal). And no, I don't need Wikipedia to know that. I've learnt that at elementary school and you probably did too if you paid any attention. This is fucking basic common knowledge. Troy Ounce, Avoirdupois Ounce |
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I'm always surprised this thread isn't more popular.. !
I agree, and not just for the keychains themselves (which would be a good enough reason), also this is a great example of a simple product that everyone needs, well made, presented professionally, effectively marketed. It is a good example for anyone who is looking to become part of the bitcoin economy. People could learn a lot from just seeing how it is done here. |
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These "Quarter Bitcoins" are currently priced at under a "Bit-Dime" at quantity over 10, and they are less again in a tube of 20.
Also currently available are some of the First Year of Issue pieces. Gold Plated and hand numbered for collectors. Once they are gone there will not be any more.
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All the way back to Wednesday's prices?
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Averaging $3M in gains daily over the past week. Bitcoin is officially my #1 investment.
Nice, you can afford your own congressmen now. |
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 You always told me that this was a bad sign  This is the best example of random lines on a chart I've ever seen.. Seriously, WTF is that supposed to be? Half of the data isnt even in the wedge.. Its the dreaded pterodactyl head and shoulder. We know what to do:  |
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Very strong... much more deposit $$$ coming to the exchanges
Any sources on amounts of new USD arriving at exchanges or is it purely speculative ? Sorry, I thought I was in the Speculation sub-forum.  I imagine there's no where you could get data like that. ... the NSA. |
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bitcoin1000.com but ... that one is gone...  i have had it since "03/19/2013" we could use it for this.  use in the sense of borrow or acquire ? Why would that matter? |
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The EUR1k party will likely also align with the Gold Parity Party, where 1 BTC = 1 ozt AU
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