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361  Economy / Economics / Re: Bitcoin's first major deflation event, and its consequences on: December 19, 2013, 12:22:32 AM
Cool, so we get to keep the increasing value of the currency as opposed to having the central banks siphon the value out of the dollars in my bank account? You feel more comfortable with the idea of your money losing value so you have to spend it right away?

The only reasons I'm not using my bitcoins thus far

A) I'm not being paid in bitcoins

B) Few are accepting them directly.

I'm not converting to fiat and back just to dip into my holdings. As soon as I can just do away with handling fiat and pay my rent in btc I shall do so.

When it takes off with gusto in 2014-2015, then I'll be using them as currency instead of just holding them


And they are not going to start accepting them.. they cant. It is not currency it is an asset but what kind of asset is it? 


An asset is something that generates value to the owner by some other method than speculation.  Bitcoin does not do that, it represents value that can be transfered, but cannot produce new value.  Bitcoin cannot ever be an "asset".
362  Economy / Economics / Re: Why bitcoin isn't currency. on: December 19, 2013, 12:18:59 AM
Is the community ready to admit that it is not currency?  Grin

Of course not.  Bitcoin is, by definition and design, a currency.  Your arguments are rediculous.
363  Other / Politics & Society / Re: US health care mandate (Obamacare) on: December 17, 2013, 05:52:36 AM
Over 50 million americans without health insurance, poor people literally dropping dead in the street. Is this the american dream? lol


Show me the evidence of this.
364  Bitcoin / Bitcoin Discussion / Re: Bitcoin Rally #2 on: December 14, 2013, 10:30:56 PM
I was trying to figure out what someone on the 1st page meant by "price surge beyond .30"... then I looked at the date posted. Holy shit these guys must be rich (if they didn't ditch their coins)

I would have been rich by now, if I had kept them.  Instead, I bought stuff along the way.  Someone's got to use it, if bitcoin is ever going to grow.
365  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: December 14, 2013, 10:28:29 PM
http://www.theblaze.com/stories/2013/12/14/las-vegas-man-explains-why-he-is-willing-to-accept-bitcoin-in-sell-of-multi-million-dollar-mansion/

366  Bitcoin / Bitcoin Discussion / Re: Selfish Node: min. bandwdith required for BitcoinQT to function (3kb/s or less) on: December 12, 2013, 10:35:40 PM
I would like to do this for my client/s on an Imac, any suggestions on how I should go about throttling the bandwidth?
367  Other / Politics & Society / Re: US health care mandate (Obamacare) on: December 12, 2013, 10:20:09 PM
I wouldn't expect a western-grown naive fool to recognize a real minority when he hears one. Obviously since I am willing to speak the the necessary truth, I must be branded as either a 'fake' or a 'race traitor'. Such childish and typical bitching attitude from privileged minorities in the west.

If there's anything foreigners in other nations hate more than a proud American, is an uppity and mouthy US minority punks who thinks world owes them a favor.

They display the worst negative stereotypes of an American better and louder than any White American I have ever met: No guts, no spine, no fucking idea what they bitch about yet feels entitled to demand shit from others and desperately try to look down on other people because their parents ran away from their own country. Not to mention their own parents seem to think any and all failing of the spoiled fucks they call their kids is due to the 'corrupting' influence of US, while any success must be attributed to their 'superior' parenting based on their 'unique and superior culture'.

As for the supposed 'racial slur', I suggest you grow some fucking spine. This president of ours clearly believes the color of his skin should dictate his way of life. Ironically, he is possibly more racially biased than any white man I've met in terms of letting his racial posturing poison his view of the world. That's one of the reasons why rest of the world took him to school and more or less bitch slapped him around during the Syrian issue. It ultimately had to do with the fact that Obama bought into his own hype and acted as if he could make do on international stage as he had done domestically: Bringing himself out as if he is some kind of moral icon that demands guilt and moral hostage situation from all who know him.

As I said, the uppity boy got FUCKED GOOD.

I have no problem calling somebody something which they believe themselves to be. I have every respect for people like Colin Powell and Condoleeza Rice, or for those with the courage to see beyond their compatriot's idiotic and fucking childish bitch fest they call 'civil rights' these days. But infantile and childish fucks who are too busy bitching and moaning try to tell others that people such as Powell and Rice are 'house negroes' and 'uncle toms'. As if any one of them still bitching have ever even pissed into a colored toilet.


I have no respect for those who behave in such manners as to outshine any racist KKK member in terms of behaving spoiled and mouthy.


I don't give a two shit about the bitchfest dark skinned people in US engage in so that they may buttress their 'pride' while shitting away half a grand on watches and shoes. I personally don't think my darker skin gives me greater moral authority over people of US.

So, boy it is. What else would you expect from this punk besides obamacare?

Wow.  That was quite a hostile rant.  As far as I am concenred, you're welcome to your opinion, but I think that your placing blame for things outside of Obama's own doing.  And while my own hue isn't particularly dark, I am (like many others in the city where I live) part American Indian; so I agree with the sentiment that some people take the whole "white privilages & guilt" BS too far.  Still, I wouldn't stoop to using racial remarks against the POTUS.
368  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: December 12, 2013, 09:56:37 PM
Incorrect. I wouldn't be happy with $75k a month.

Right now, I am earning $600 per month. Can't even make a comparison.

 can you really live on $150 a week in usa thesedays ?


Yes, but you have to move out of the major cities, and be willing to accept that you can't have much entertainment that you don't make for yourself.
369  Other / Politics & Society / Re: Any other Americans considering a claim against the FBI over SilkRoad? on: December 12, 2013, 06:06:15 PM
Actually, after thinking about it again, you may have a claim. I was just thinking about how I purchased some sunglasses, a fake rolex (as a gag gift) and a chainsaw off of the Silk Road, nothing illegal there.
Apart from the fake rolex.
Fakes aren't, unto themselves, illegal.  Selling them as the real thing is fraud, though.

Perhaps US law is different, but I would have thought that selling them at all, even if clearly labelled as fakes, would still be a trademark violation.

Edit: I'm not a lawyer, but it would appear to be covered by 15 USC § 1125


Yes, but there is more to it than that.  First off, it has to be fairly obvious that the manufacturer and the seller intended to commit fraud.  A copycat that is obviously a copycat can easily be argued to be a parody product in court, and if the trademark holder never prosues the issue in a US court at all, then the law presumes that the product is not in violation of trademarks.  Granted, this assumes that the trademark owner is aware of said copycat product, but that's their problem.  Until an injuction against the product has occurred, selling them is not illegal; and buying them never is.

EDIT:  There are a number of Chinese knockoff products that have the trademarked name diliberately misspelled, that are often sold in cheap retail places commonly called "dollar stores".  The copycats aren't very good, perhaps deliberately, and anyone who thought the product was the original had to be less than observant.
370  Other / Politics & Society / Re: US health care mandate (Obamacare) on: December 12, 2013, 06:00:40 PM
It's painfully obvious you are not a 'minority', any chance you could provide some evidence of how he 'panders to his ilk'?

Yeah, I can't see it either.  If anything, his 'ilk' have been getting the shaft even worse than under George Jr.  I could respect it, if simple favoritism were his modus operandi.
371  Other / Politics & Society / Re: Any other Americans considering a claim against the FBI over SilkRoad? on: December 12, 2013, 04:02:27 PM
Actually, after thinking about it again, you may have a claim. I was just thinking about how I purchased some sunglasses, a fake rolex (as a gag gift) and a chainsaw off of the Silk Road, nothing illegal there.

Apart from the fake rolex.

Fakes aren't, unto themselves, illegal.  Selling them as the real thing is fraud, though.
372  Other / Politics & Society / Re: US health care mandate (Obamacare) on: December 12, 2013, 04:00:38 PM

Obama's nothing but a bitch made punk who is outclassed, outwitted, and outsmarted both internationally and domestically. This boy and his ilk tries to pander to minorities like me in US using color of his skin as some sort of a pass.


I find your choice of wording, strange.

Maybe I don't care so much about ethnic allegiances as much as I care about the country I am loyal to. If that is such a strange idea, you better rethink what it means to belong to and being a part of a group.

I was referring to a self-described minority calling the POTUS "this boy".  I find it odd that any American, and particularly one who believes himself to be a minority, to use a common (if minor) racial slight against a duely elected US president.  Or do you not agree that his relection was fair and proper?  I presume that your minority status wouldn't be of an African racial decent.
373  Bitcoin / Bitcoin Discussion / Re: Why OFF-CHAIN transactions are not the solution on: December 12, 2013, 03:55:24 PM
Without competition against off-chain by on-chain means eventually it devolves to the strongest cartels controlling the off-chain system.

And the problem with transaction fees is precisely why Bitcoin's design is flawed.

Luckily this all (and more) can be fixed in an altcoin.

It can be "fixed" in Bitcoin, if it actually proves to be a problem.

That assumes that the vested interests who control most of the coins and most of the mining agree with the fix. They may have a cartel reason to prefer the centralization in the current design.

Perhaps, but then they will also undermine the market leader status of Bitcoin itself; likely destroying their own savings and income in the process.  That's not likely IMHO.  If it can be fixed inside Bitcoin, it will be fixed.
374  Other / Politics & Society / Re: US health care mandate (Obamacare) on: December 12, 2013, 07:36:04 AM

Obama's nothing but a bitch made punk who is outclassed, outwitted, and outsmarted both internationally and domestically. This boy and his ilk tries to pander to minorities like me in US using color of his skin as some sort of a pass.


I find your choice of wording, strange.
375  Bitcoin / Bitcoin Discussion / Re: Bitcoin "bumper sticker" mottos on: December 11, 2013, 11:03:49 PM
Bitcoin:How do you Like Me Now?
376  Other / Politics & Society / I just got a link to an infomercial called "Edison's Revenge" on: December 11, 2013, 10:18:22 PM
Somebody produced a professional bitcoin ad...

http://moneymorning.com/ext/bitcoin/videos/video-bitcoin.php

EDIT:  It's full of investment bullshit, but it's very well done.
377  Other / Politics & Society / Re: US health care mandate (Obamacare) on: December 11, 2013, 08:46:30 AM
...snip...

We all had access to health care before.  Again, health care access is something different than heath care insurance.  Only now, my own health care insurance plan nearly tripled in premium costs from 2013 to 2014 to cover myself, my wife and five children.  And no, I didn't have to go onto any exchange to get it, it's exactly the same as it was before, only more expensive.

So you are happy with your insurance based model.  The idea that other people get the same treatment for less doesn't bother you in the least.  

That means you are a typical American.  And as I said, as long as you guys are happy to pay more, well, more power to you.  

No, it doesn't bother me that some people get similar treatment for less.  Most markets vary with region or other factors.  People in Argentina get well made beef steak for about a fifth what I pay.  I get petrol for about 20% less than people in California pay.  So what?  What bothers me is that some people get special treatment as some kind of class of people to be favored by government largesse.  My premiums didn't go up because the real costs of my plan went up, or even because of the number of children in my care; my premiums went up so much because the regulatory overhead increased so dramaticly.  I don't benefit from Obamacare, and I don't know anyone who would.  My nephew and his family couldn't afford insurance before Obamacare, and they can't afford it now' and yet my nephew's newborn son was in Childrens' Hospital intensive care for weeks, and was recovering from his second surgery when he died at four months old.  Even the funeral service was paid for by others.  The medical bills & funeral costs were funded by several charities that exist for the benefit of young, struggling families like my nephew's.  Obamacare didn't make any difference to them whatsoever.  It didn't make any difference for my mother-in-law's triple bypass heart surgery either; likewise paid for by charities that exist to support people like my mother-in-law.  Government had nothing to do with it, insurance had nothing to do with it, and taxpayer funds had nothing to do with it.  Hell, her heart doctor did the surgery for free, and the primary charity was his own creation.  I would suspect that he gets quite the tax break for doing such things, and that the hospital does as well.  More power to them all.
378  Bitcoin / Bitcoin Discussion / Re: Why OFF-CHAIN transactions are not the solution on: December 11, 2013, 08:09:59 AM
Without competition against off-chain by on-chain means eventually it devolves to the strongest cartels controlling the off-chain system.

And the problem with transaction fees is precisely why Bitcoin's design is flawed.

Luckily this all (and more) can be fixed in an altcoin.

It can be "fixed" in Bitcoin, if it actually proves to be a problem.
379  Other / Politics & Society / Re: US health care mandate (Obamacare) on: December 11, 2013, 08:08:23 AM
I don't know, since the US has done this pretty much consistly for 100 years, but we don't have a 'right' to healthcare.
If you pay taxes, why wouldn't you have a right to healthcare?

Taxes are supposed to be for infrastructure and defense, not individual needs.  Do you have a right to food?  Would food insurance, subsidized by your taxes, be a good idea?

Surely a decent health system is infrastructure?  

Verily, however heath care is distinct from health insurance.  The health care system in the United States is, undeniablely, first rate.  The great debate is not about quality of care, or even access to said care, but who gets to pay for that care.  I don't contest that the way this was/is done in (generally) in the United States prior to Obamacare was unjust, unfair and generally 'un-American'; but that doesn't mean that greater socialism (in a society that prizes individual responsibility and merit) is a path to improvement.  Quite the contrary, I would argue that most of that afore mentioned un-American distribution of heath care funding was largely due to the decades of government intrusion into the health care market since WWII.  If you think that single-payer style heath insurance, as can be found in many other former colonies of the British Empire, is somehow more eifficient, more "fair" or more advanced; you are free to believe such things, and free to move there if it matters that much to you.  But the facts don't support your position.

Obamacare is an extension of the existing insurance based system


That's just nonsense.

Quote
and since Americans seem to be happy to overpay, its your right to do so.


Value is always subjective.  What is 'overpay' is also relative.

Quote
 Comparative surveys show that the single payer systems are more efficient

That's comparing apples to oranges, and you know it.  It matters a great deal what the perspecives of the researchers are towards what 'efficient' means in the context of health care.

Quote
than what you have but that doesn't mean single payer is the best possible basis for a system.  Perhaps at some point when the waste of money bothers enough American voters, you might make something better.
I would love too, but the politicos keep wanting to get more into my personal business.

Quote

 Meanwhile, at least all of you have access to health care now.

We all had access to health care before.  Again, health care access is something different than heath care insurance.  Only now, my own health care insurance plan nearly tripled in premium costs from 2013 to 2014 to cover myself, my wife and five children.  And no, I didn't have to go onto any exchange to get it, it's exactly the same as it was before, only more expensive.
380  Bitcoin / Bitcoin Discussion / Re: 1 guy owns a 30th of all the bitcoins in existence!? on: December 10, 2013, 11:35:01 PM
This thread gets more interesting by the minute.  I wonder if Satoshi is scared to come out to the public, or if he/they ever will.  Maybe if bitcoins get super mainstream, he'll come out as a hero of some sort and open his own country with the money he has o_0

Why would Satoshi have to reveal him/her/themselves in order to do this?
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