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It'll go on your "permanent record"!
This takes the step toward the automation of externalizing conscience that is currently occupied by religion and law.
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Ok, I think I got it wrong the last time.
What happened in germany was not a political, but just a bureucratic thing. On secretary of the financial authority answered the question of a politician, regarding to nothing else than the legality and law.
He defines Btc not as money, not as a currency. It's just a "economical good" used as a money. The same like cigarrettes in a prison or like any other thing in barter exchanges. It becomes a unit of payment by a contract between its users.
Regarding the regulation this is good. Defined by this way, you would have to regulate many many things, e. G. the change of eggs by farmers against milk. But I don't know if it is good regarding the taxes. Remember, currencies have a special tax status, which must be attractive for bitcoin exchanges. I hope I am wrong, but this could do more harm than every regulation. Typical german way ... don't forbid it, but make it too expansive to flow.
So treated as barter? |
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Well, it eventually moves weath distribution from a Nash Equilibrium to a Pareto Efficiency, because Bitcoin does not advantage someone simply for having great wealth. Bitcoin advantages those who can do a good job of managing risk. And in that game, buy-and-hold, and DCA are hard to beat.
If it were only a Nash Equilibrium and Pareto Efficiency wouldn't it also be a Prisoners Dilemma due to Metcalfe's law? (Without a growing population of users from inter-economic activity in the new currency it gains no value.) |
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We like girls who game and program, do exist but we it's usually just best not to talk about it because people sometimes are easily distracted.
I like bitcoin, but I would like to see better versions of it one day. More anonymous and better suited to prevent the accumulation of wealth to early adopters.
Claiming that handle from Snowcrash is enough to rank esteem. For more anonymous, you can always use Cold Hard Cash. (Shameless plug) |
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What would be the point of that wall?
Sometimes... To entice smaller sellers to get out in front of it so that when it is pulled, the price rises more swiftly and the coins can sell at a much higher price. |
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I don't get the issue. You walk into someone's house, they serve you cookies and you have a nice chat. If you do things they don't like they can ask you to leave. So every home owner is a dictator in their home. That is appropriate. You have the right to refuse service to anyone for almost any reason. The world is too large to be petty.
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No effect. As in, it won't keep the price from dropping.
Why are you expecting price to drop? I expected this to be pretty significant news from a speculative viewpoint, my immediate reaction was that this would definitely be good for the price. But nobody seems to be discussing it? I was hoping for some insight from you knowledgeable folk on the speculation board! I'm not knowledgeable.  It's not particularly significant news, and I think this was to some extent already expected. I think we have seen a significant loss in upward momentum and are due for reversal to sub-100 support levels. Where is this loss of momentum? We've been nothing but up for 2 months. And just jumped up 10$ in value but day and a half ago. The momentum is gaining as far as I can (and others) see. This is not so much news as it is a significant "mention". In PR terms, that is positive, as it generates many following mentions. The News here was the capital gains tax rule in Germany for miners. That is news with an effect. Calling bitcoin a unit of account, or a currency, or a frog's pelt is just putting labels on it without changing anything, but the rule does have a financial effect. It might be interesting to track the number of mentions, and the number of accurate mentions as a percentage of mentions to see how much of the general population's attention we have. |
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I hope you succeed in the future to also get the big picture right (that the bull market was over and a bear market would start) and that you choose the right course of action so that you help yourself and others to reduce losses instead of increasing them.
You do realize that for someone to profit in trading, someone else has to lose, right? Yes. Why you ask? It sounded like you were saying it was a holy mission to correctly predict the market, and everybody would profit from this. EDIT: maybe, to the extent that trading could be useful (in providing information to the economy), correctly predicting price based on value fundamentals is the best thing that a trader can do. Some-but-Not-all-traders are readers of this forum. It appears that RS is looking to give some advantage to those-that-are-readers over those-that-are-not. Whatever you may think of the methods and motives for this, the result is a condensation of information which may benefit those-who-are-readers. |
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Discrimination is not a worldwide law.
On the internet, nobody is going to care if you discriminate, especially if your site is hosted by someone who doesn't give a fuck either.
Being indiscriminate is sometimes even worse. |
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Yes, this is the fast method to acquiring bitcoin. Fastest that I have seen anyway. |
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精彩 !!! If you would like to help put more "backing" on bitcoin, I am backing bitcoin with silver and gold.  In an effort to put a floor on the bitcoin valuation, I am making one ounce .999 silver Quarter Bitcoin pieces as global pieces. These are also special because the value is flexible along with the exchange rates of bitcoin and silver so that you can read the QR code on the reverse to get the current value. (No bitcoin is stored in these. There is no tamper-evident hologram sticker.) They do not function as wallets, but you can redeem your bitcoin for them. So bitcoin has backing (though truthfully, bitcoin hardly needs it except for those new to it or who want to trade in person and don't have time to wait for block verification). Further, the QR code is bookmarked in Chinese to honor the people there who are especially brave and forward looking and have adopted bitcoin in ever growing numbers.   I am looking for folks in China that may want these and can provide them to others there, so that when I get inquiries from people in China looking to buy locally I can send them to people in country. There is more information and discussion here: https://bitcointalk.org/index.php?topic=269535.0 |
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You carry a firearm to help with your gas mileage?
Yes, don't you? You know that I love you, don't you FA?  You make me smile. |
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I for one wouldn't accept any kind of military training, as I didn't when it was mandatory in my country.
If I'd live in a place where I'd feel that I need to carry a firearm because the risk of being murdered by another firearm is too high, I would just fucking move. I don't give a shit about countries, flags and whatnot, so there is nothing making me to stay in one place if I feel that my family could be in danger, and I know for sure I don't want my kids growing around firearms.
I guess we have different approaches to the same problem (insecurity).
You have a reasonable approach. It is great to run from a fight. So long as there is a safe place to run toward. My place is pretty safe, in case you need it. My kids have no idea whether I have a gun or not, or many. |
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There is no way I will ever understand why people still defend the right of carrying weapons.
It's simple, those who ignore rights don't give a shit either way. I'm not going to place myself at a disadvantage because some crazy people think weapons (firearms) cause violence. Humans will aggress. We are a small step more advanced than wild animals. I don't go walking in bear country without a weapon because I value my life and I will protect it from harm. I'm certainly not going to walk in "human country" without a weapon. I will give up my weapon on the day that I can purchase a permanent, impenetrable force field for my family, my friends, and I. Until then, I use the next best thing, a firearm. Anyway, this isn't up for debate, so I don't understand all the debate surrounding it. I will not relinquish my right to self-defense. The "debate" is just so much finger-wagging by the "civilized world" that see the USA as barbarians and cowboys. The comedy is that this "debate" is often started by someone outside the USA that would not want to be a subject of the US Government enforcing its will upon them in their country, but who thinks that the US Government should do so on its own citizens without limit. |
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I've spent a fair bit of time in Switzerland. Mostly around Lake Geneva. Absolutely beautiful. One of the nicest places on the planet that I have seen.
You see guns there about as much as you see them in the USA, which is to say, almost never, and only by folks in a uniform.
There is periodic required military reserve service. It is done in good humor, but is probably closer to what we in the US think of as camping than military activity.
It is not a great example of rights to self protection, a good one but not great.
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It's relevant in my case, as a european trading bitcoin in USD, i'm interested in the exchange rate usd/euro. So i wouldn't like it if the USD takes a tumble.
So, fed tapers: dollar rises, fed doesn't taper: dollar goes down, down, down.
To use a baseball analogy. Monetary policy (Fed action) is the backstop. Fiscal policy (congressional+administrative spending control) is at bat. When Fiscal policy strikes out, the dollar goes down down down. All monetary policy can do is keep some of the balls that our batters can't hit from sliding into the gutter, rolling into the sewer and out to sea. Too much credence is given to the Federal Reserve wrt dollar valuation, but its not their game to lose, it is the absence of governance on government. |
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Of course they don't. We all know girls doesn't exist on the internet.
don't* Well yes they do exist is there anything about that written on the rules of internet ? The question makes almost as much sense as asking: "Does Bitcoin use Girls?" |
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... there were a lot more fun ways to participate. I've had tons of fun learning to code FPGAs, and some might even consider it a skill worth money. I've generally only bought hardware that the user could program themselves, so that rules out ASICs - as you said, there are plenty of other uses for GPUs, and the same goes for FPGAs.
Of course, there have to be people who develop stuff, instead of investing, so this kind of fun aspect is actually quite important even from the financial POV.
Some of the altcoins have rekindled the fun to some extent, notably Primecoin from the most recent ones. It's a little sad that a lot of the talk around Primecoin is about hosted mining and profitability, while the math itself is so exciting.
Here's a hidden gem for those who have read this far into the thread and can parse the lingo: When we get EEPROM ASICs that can switch coins and crypto algos, deep into the micron chip limit, then we will have saved our project from those that would see it fail. Whosoever can get there first, gets a hero medal from yours truly. |
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