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Interested
.. so I can sit in there?
Sure can! You sit in it and steer it using the Hydraulically operated treads. |
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This tank is just cool! I was asked to list it here if there is any interest I will facilitate the sale. Would prefer to make the sale in person if you are in or around Iowa, United States. (we would be willing to personally deliver it if you are within a long day's driving distance say 500 miles) The Iowa Aviation Heritage Museum is selling a custom built 1/3rd Scale WWII Sherman Tank. This was originally used as a prop piece in a WWII re-enactment show. It seats one operator in the turret. I don't have the exact dimensions, but my best estimates Length: ~6ft Width: ~4ft Weight ~800lbs  Video http://youtu.be/vWa9df1z2n4Ebay Classifieds Link http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=130926641023#ht_500wt_1182Currently it is listed for $5500 so asking BTC55 |
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First hoard, then spend Gavin just said, if you spend half of your coin each year and the value of bitcoin doubles each year, you can spend forever  In other words, if Bitcoin doubles in price every year, and you have $5000 in Bitcoin now, and spend $2500 a year, you'll always be able to spend ... $2500 a year? Sigh... Not fabulous... Hmmm, well I have been spending half my Bitcoin income each year, I like the trajectory of that balance sheet a lot better. |
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rKRdmfBSyf8MQxvRL1nSuzFVa9uYTRHkbN
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Went to Burger King for lunch bought a $20 card for myself and 2 $10 cards for my buddies.
Cost me BTC 0.3326.
Took only a few seconds to get the cards.
Got a strange look from the cashier and she had to get a manager who also had never heard of paying with your phone, but had no trouble figuring it out.
Several of the people there said they were going to try it out.
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There is nothing about this I do not like. Full of win!
I downloaded the app and bought a couple gift cards, everything works prefectly and quick.
Think I will try to use it for all my lunches next week.
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Bitcoin is not fiat, and the US current economic policies require that they be able to manipulate the money supply.
It is possible to create a cryptocurrency and still control the supply, but this would not be bitcoin.
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Stopped watching the news after the way they 'reported' the newtown shootings, I've never looked back, now I just watch the news for comedy, honestly, you're better off ignoring them.
News, you mean they still do that? I turned completely to on demand sources for almost all my news and entertainment. Now if only they could do it with sports. |
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Bitcoin is a commodity.
If you're thinking of it like that, then simply acknowledge that bitcoin has the properties that gold does, but taken to their intellectual extreme. PLUS excellent transactability. There aren't many things in this world with gold's properties (eg, only a few other precious metals, really). Let's ignore bitcoin's transactional properties for the moment... Do you think there's value in something that does gold better than gold itself? Bitcoin does share many of the characteristics of gold as a commodity, but it also shares some of the characteristics of Electricity as a commodity. Perhaps you could say Bitcoin is to gold what electricity is to coal. The value of Electricity is in its ability to transport energy and the value of Bitcoin is in its ability to provide liquidity (transport value). However, Bitcoin unlike Electricity can be stored without losing its value. This makes it durable like gold. To be clear, by "does gold", I mean properties such as limited supply, divisibility, fungability, durability, etc... That is, all the acknowledged properties of what makes a good money.
Bitcoin is superior to gold in its divisibility and fungibility. Durability is somewhat debatable - Some precautions such as backups need to be taken. I am sure many of us have this handled fine, but the market as a whole perhaps not.
- Also more importantly the price of a commodity good is determined as a function of its market as a whole, thus with Bitcoin you must consider the infrastructure. I do realize it is near impossible to destroy, but even damaging it will affect its value.
Supply is also a bit debatable - You can probably discount Bitcoin denominated credit since it is asset backed and the number of Bitcoins is not increased unless a secondary market of Bitcoin IOUs is created. In that case it would have to trade at a discount.
- Also at some point commodity substitutes can and will challenge Bitcoin, right now Bitcoin has an edge in its form of liquidity (security, portability, low overhead transactions), however given enough incentive the market will create competition. I am not saying they lose to competition or that the demand for liquidity will not outpace the supply just that it challenges this notion.
The issue with gold is that it's actually no longer a good money because in modern society, we need excellent electronic transactability.
agreed The issue with bitcoin with respect to gold is that it requires a functioning electronic society. Gold bugs will argue that it's therefore no good to protect against a full-on disaster scenario, which is true. I'd argue, however, that if you're putting significant wealth into gold to hedge that specific kind of tail risk, you ought to be putting the money into durable hard-assets that can be directly utilized in such a scenario (tools, materials, etc). Thus, bitcoin is my preferred hard-money.
Agreed the gold bug argument falls a bit short. Also most gold bugs just think of inflation as the supply of money and don't even consider the velocity of money. Gold's physical nature is a poor hedge on the velocity of money in todays world. Clearly Bitcoin does not have this issue. |
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Bitcoin is a commodity.
It derives its value from a demand for liquidity speculators perceive a future increase in demand for liquidity as the number of uses and users increase.
Whether it will hit $1000 dollars is simply a question of whether you think it brings enough to the table that its substitutes can’t or won’t be able to supply for the same level of liquidity.
It is hard to judge what the “Velocity of Bitcoin” at a price of $1000 would be, but the total value would be $21 billion. $21 billion sounds large, but is certainly not enough for the obvious competitor the US Dollar to consider it a true threat. However that does not mean that other competing groups will not vie for that market. (I guarantee a bumpy ride)
There are 2 large barriers to entry into the market for a competing group.
Goodwill – brand recognition, trust, and loyalty.
Infrastructure – exchanges, mining network, merchants, skilled labor, and community support.
If you can put a value on these, it would provide a very important number in the value of a Bitcoin.
Investment in both of these is on the raise lately and therefore the value/price of Bitcoin is growing as well. The very large investment in the ASICs is particularly impactful on Bitcoin’s value due to it increase in these barriers for competing vehicles.
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What are you trusting them to do exactly?
I do think Butterfly Labs will come through, but even so a pre-order amplifies the speculation to an already speculative economy/technology. I think the best bet is to wait until something is proven.
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I don't think they lied. They are just making projections.
Most new products without a large customer base are too agressive on their projections it seems.
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