They follow the money and see what he did with it. If he'd mixed it at SR for example, that would be good because it could've been lost. They say he dissipated the assets. They say, you are in contempt until you come up with $X. In short: She whores around. She gets to get f&$@ed by some other guy,, he gets to get f$&@ed all over again by her in court. in all seriousness -
how could they?
i like his plan.
|
|
|
|
funds are buying at least half the mining output now, probably much more, and this is a very recent development. the impact on price trajectory is likely to be more upward pressure than seen in the past.
..snip
the exponent may decay over time, but it remains over unity for the time-being.
Interesting - how do you know the mining output is being bought by funds? Which funds? I agree that the growth will be exponential for a very long time. I think it has to do with how information propagates through networks .. 5 people tell 5 people who tell 5 people and so on. Edit: One more thing - I think the reason we haven't seen a bump today (man aren't we greedy?) is there hasn't been much Bitcoin-related news besides the sheep swindle .. If true about funds buying half, the run up to summer/fall 2016 (halving) will be interesting to watch. |
|
|
|
Yes, in the US. Particularly if there is a paper trail. It is complete BS of course, but yes. No man should get married without a prenup. my college roommate is now a successful executive. 3 months ago he found out his wife was fxxking a black guy behind his back and his 5-year-old daughter.
since then he has kept quiet and converted as much asset as possible to about 850 bitcoins.
he just sprung the divorce on his ex-wife and now her lawyer is arguing he must have much more money than he claims to be.
the judge ordered he must turn over all his assets to give one half to his ex-wife.
does the court have right of access to his bitcoin wallet?
|
|
|
|
|
Regarding number 1, 2, and 3. SilkRoad proves your point as one counter example. People spent because they wanted something.
Not enough time to reply more right now, but they plainly are not aware of the additional uses for bit coin.
|
|
|
|
I wanted to check them all too. When there is a monopoly imposed by force, it is not to be trusted. All of the above. They all fall under government.
|
|
|
|
One property of money that divides classical economists & Bitcoin enthusiasts is the significance of the deflationary spiral. While Keynesians argue that a currency needs to be managed to sustain economic activity, Bitcoin enthusiasts lack a strong response. I wondered about this for a bit and wrote a blog post just now. Any feedback would be appreciated. http://jaekwon.wordpress.com/2013/12/02/the-supernova-theory-of-deflationary-currency/What the Keynesians mean by "managed to sustain economic activity" really means "being managed to maintain the power of those who are in power while transferring the wealth from the poor (through inflation) to the powerful." The people that do not have a strong response to the problems with their theory are the Keynesians and they have not since the 1930s. The reason they have not been forced to provide one is because they support the powerful and so have not been called to account for their "management" (really mismanagement) causing a loss of well over 95% of the value of the dollar. Many have challenged them with evidence and facts, but they support the status quo and so have a lot of cover from the press. |
|
|
|
Our trash is private, the streets in our community are private, so there plainly is an alternative to taxes. You just have to think about them. The statists have you brainwashed. I'm sorry but there isn't an alternative to TAXES. If you want public services to exist, roads to be paved, streets to be cleaned, downed trees to be picked up etc etc etc then there has to be funds that take care of it.
...
|
|
|
|
great point. Never said it was... doesn't mean I have to agree with it. Slaves didn't have much say in the legalized degree of their humanity either.
|
|
|
|
As far as Krugman goes, he said ...the only way we could have anything resembling a middle-class society — a society in which ordinary citizens have a reasonable assurance of maintaining a decent life as long as they work hard and play by the rules — would be by having a strong social safety net, one that guarantees not just health care but a minimum income, too. The fact that he is applauded by the authoritarian, statists, says enough, but Paul, who are you going to force to provide this "minimum income"? Or are you just going to print the money to secretly steal the money from everyone? Or is there some magic tree you intend to pick it from? The world tried forcing people to provide for others and it was rejected nearly everywhere as abhorrent. It still is. Merely changing the name does not make it palatable. The fact that he believes that the life of one person is his to do with as he pleases merely because he thinks he knows best says enough about his morality and ethics that everything he writes should be immediately suspect. Buffett has an issue, as does Krugman, when they say it is a war and the rich are winning. It isn't that "the rich" are winning, it is the educated that are being rewarded. Instead they like to turn things into a class-warfare, "us-vs them" situation, while doing the opposite of what they want everyone else to do? (e.g. Buffett creating a huge tax-exempt foundation to protect his wealth while advocating everyone else who has much fewer assets than he does are to be taxed at much higher rates.). |
|
|
|
Im sure that everyone in the bitcoin community will sell once it hits 10k tho... That's precisely what people said about $1k. Yet there's plenty of us still holding.  And 10. And 1. :-) |
|
|
|
True. People are treating bitcoin as an asset and store of value even more so now, so it can tap into more than just the currency market - which I think was your point. :-) There isn't $30T in cash in off shore accounts. there are $30T in ASSETS in offshore accounts. Big difference.
Globally the entire M2 is roughly $25T, there is only ~$5T of M0 (currency). However total global wealth (stocks, bonds, precious metals, property, patents, land, etc) is ~$240T.
|
|
|
|
|
I don't think he knows what the words Ponzi Scheme mean. Among other things.
|
|
|
|
Pay off a mortgage denominated in dollars, euros, yen etc. Start a business etc. well he might want to lock in a gain or needs to buy something!
so still a very valid question
|
|
|
|
Given that the Cayman Islands and Costa Rica announced a deal yesterday (Friday, Nov 29, 2013 - http://www.theguardian.com/world/2013/nov/29/cayman-costa-rica-us-tax ) that they will begin sharing data with the US IRS under FACTA, if I were a US citizen with that amount of undeclared wealth in either jurisdiction, I would be considering what to do to remedy that before the reporting begins. The so called tax havens are disappearing to the control-freaks worldwide who believe the fruits of your labor are their's by right, so bitcoin provides a solution if people are aware. |
|
|
|
http://www.cnbc.com/id/101235052Faber also referred to the rapid rise of bitcoin, the digital currency that crossed $1,200 early Friday, as an area affected by excess liquidity.
"Farmland is up 10 times over the last 10 years," Faber said. "And bitcoins are up now and who knows what next will go up."
|
|
|
|
Beetcoin, This is a good idea - perhaps send him the recent article from the Wall Street Journal about bitcoin. Or one of the other ones. The WSJ one might be from a news source your Uncle knows. i just told my uncle about bitcoin today. told him a few things about it, and instead of asking more, he wrote it off as a scam. he compared it to a forex ponzi scheme that my uncle-in-law fell for. he's got quite a bit of his money in stock, yet the whole idea of a decentralized seemed so foreign to him that he just wrote it off without asking more  You're probably not a credible source of information for him. First of all, your uncle is older than you and when people are older they generally tend not to take advice from younger people, because they already have their own view of how the world works, and may feel ashamed of themselves if they think they don't know something that youngsters do, so they are pretty rigid in their beliefs. Sometimes it'd literally take a total crash of their beliefs for them to become more flexible and even then it's hard to do. Second, 'no prophet in his own land' applies here, meaning that family members are unlikely to trust their own kin in such matters. I am sure, that if your uncle heard about it from some credible source, like a newspaper he trusts, or his old buddy, he'd at least take another look at bitcoin and give it a try to understand what it is and if it's worth investing in. |
|
|
|
Agreed. Krugman is a hack who supports the authoritarians and gets rewarded for doing so. As Paul Krugman, the Nobel prize-winning economist, wrote more than two years ago: "What we want from a monetary system isn't to make people holding money rich; we want it to facilitate transactions and make the economy as a whole rich. And that's not at all what is happening in Bitcoin." I don't know if he noticed, that it is not working as intended. Because people who have money will invest them in houses or other things, they not only get richer while others don't they also increase price of houses for other people so they can't afford one when they need them for living and not for investment. And it is not only for houses but for everything people invest money in to not lose value of they fiat. |
|
|
|
Yes.  100% for now. :-) Is possible that sometime 1btc=U$S1000?
Which are the chances?
|
|
|
|
Exactly. One word shows people will spend if there is something they want and don't need to be "encouraged": SilkRoad Why do we need to "encourage economic growth"? Are people not naturally inclined to growth? Do we also need to encourage the seasons to change?
|
|
|
|
|
Show Posts
