I want about $100k/year. This works out to about 10,000btc/year. Pirate pays 6.5% per week compounded weekly, so I just need 10000/(1.065)^52 or about 379 bitcoins to retire.
Oh noes, my retirement plan has failed. I guess I'll just live on Social Security... Not true actual due to pirate default. |
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I can imagine lots of interesting stats which you could get out of block-chain itself for example: 1. How long average bitcoins stay at one address before moving to another 2. How this time is correlated with amount of transfer/amount at this address 3. Diagram showing how long coins already mined wear not transferred and how much of them there is. (I'm curious for example what is amount of BTC not moving at all for last two years) 4. How average transaction volume depends of an hour (daytime) 5. How average number of transaction depends on that too. 6. Some way to determine and estimate number of unique users etc. I think that today statistics needs to be visualized properly to make it usable like here for example: http://www.ted.com/talks/lang/pl/hans_rosling_shows_the_best_stats_you_ve_ever_seen.htmlBecause avarage user won't spend his time to understand it without visualization. |
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I think if you would do sth. else it would be stupid or make me think that this is something hidden, and dishonest.
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Next time when suspicious to that publish first number before increasing and ask someone for confirmation before rising. Of course I know it wasn't intention because you couldn't know, but for future, anyone would doubt in that in that case. Last but not least, I didn't said I don't believe you  |
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WTF?
How could you dont know?
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So where is topis with female naked photos? (not 4chan)
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Or he bought it before selling bonds.
He just bought it before and sell rest of it in time you are talking about.
What wrong is with that?
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Hehe - I knew that Goat hasn't yet done the last thing that would surprise me. Can you believe that since Pirate announced the close down of BS&T, Goat has been putting more TYGRR.BOND-P bonds on the market? If you check the number of bonds out there, which you can do using this link: https://glbse.com/api/quantity_trading/TYGRR.BOND-P... you will see that now there are 28107 Few hours ago there were 28101 Two days ago - if I remember well - the number was below 28000 On August 14th there were 27895 bonds (which you can see in the div history table) So he is shorting his own bonds and at highly undervalued price. We can only hope that he has enough BTC to backup such an investment, after Pirate eventually pays out. But he should have, after he screwed up the TYGRR.BOND-PI investors so smoothly... You got to be kidding me? Goat, I'm sure you have a good explanation for this. I'll repeat loud and clear, Pirate has not defaulted. A late payment is not a default, he explained why is late and that he will repay us, he's still around everyday, this is not a default. Hi, where he gave this explanation? Could you give me some link or sth? |
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I would like to join to that request.
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What should I do (where to click?, etc) if I want to get buy back my humble 14@1BTC (if it would be possible of crz).
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On point!  Agree. |
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Well, expecting to keep a digital medium around for decades is unwise (who has a 3.5" floppy reader nowadays?) but there's still value in the product; you can be assured your disc won't degrade before you get a chance to transfer it to the newest storage format that comes out just before your DVD reader bites the dust.
Right, but if it is digital data it is unwise to focus on one certain copy, strong aspect of digital data is that you can keep as many copies as you want (of course crypted) and no matter which will survive you will have an access to everything. So instead of focusing on one very hardened copy, take your effort to get many (manageable amount) copies around world in different formats (magnetic, optical etc.) different geolocations. |
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Yes, i have heard about them but my question is, who will have a dvd reader in 20-30 years?
It is better to print it on some gold plate or sth using ascii chars  |
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With a free economy making money will be a lot easier, for example buying and selling goods will be far simpler, more profitable for everyone involved and yet far cheaper for the consumer. Goods have to be delivered though, anyone can set up an IPO or get a loan to get funding for a van and get to work. Thats just an example and probably a bad one because a lot of the earnings would have to pay for using the infrastructure (road tax or tolls), fuel and anything else that sits still long enough to have a tax put on it.
I'd guess in 10 years from now just 1btc would be enough to live a comfortable life if they are working and I hope that money will become far less important and greed will fall with it.
10 years from now, if you have 1 BTC, you could be the wealthy elite. Of the 7 billion people in the world, you have 1/21000000 of the wealth! wealth hmm is bitcoin wealth it self? it is not, house car etc. are wealth so you could have 1/21000000 of BTC which is very much but it is not all wealth |
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I want to be a trillionomillionaire. All the bitcoins wouldn't be enough for that  If I would have all of them it would be almost enough. |
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My private economy:
I estimate that I will probably live 100 years (just to easy calculate rough number)
It is 1200 months.
I need for living at current level 1800 USD/month.
I want not to have doing nothing.
It means I need 1800USD/month * 1200months = 2 160 000 USD for that.
It gives 216 000 BTC (taking ratio 1:10).
I don't have that kind of money.
If there will be big deflation in BTC and I have 10BTC (for easy scaling) it would have to be 21 600x times more valuable BTC than now in short period of time (before I will start spending them)
Is it good or bad?
It is good because I can afford even 100BTC now so it needs then only 2 160x deflation in BTC
And I estimate that if we will replace all world currencies for BTC it is minimum 60000x deflation in BTC (another thread).
How do you think how much BTC you need to collect and how long it will take for bitcoin to adopt globally?
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