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Has Bloomberg made its announcement yet?
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Which retarded bear here is Nikolay Kolev? That fucker is on every Bitcoin blog on the internet talking down Bitcoin. It must be a group of people. No singular retard could cover that much ground and have that many horrible conversations by himself.
https://twitter.com/nikolayLook at the long list of titles he gave himself, this guy needs some serious help. I think it is a good point he brings up though... is Bitcoin's ability to transact to the third world significantly better than a service such as Xoom? Maybe not a discussion for this thread though. |
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650 is the 50% retracement of today's rise, and hence a logical re-entry point for those who flipped >=700
sucks cause this is the first time using BFX and I kept trying to sell at 715 but apparently I had to have my coins in my exchange wallet. Screwed me. |
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i think the 3k wall is no fake but i think the same person has a sell wall at 600$, too.
And thats also what i think to happen, we will stay at 590-600 for a while. now its important how many people have shorts running and stop them, then we could break the 600.
stil there is much resistance on the way up so i expect a slow uptrend.
Then you shouldn't be posting on here. |
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Ummm it was not said that we couldn't afford the 55nm chip, It was scrapped because it turned out to not be as profitable as first thought / calculated that is why the 55nm chip was scrapped it had nothing to do with couldn't afford it, but i guess if he went ahead with the non-profitable chip anyways and did it then you would be downing him for that one too huh Jo? Give the man some slack and at least give him a Kudos for scrapping a project that he felt would have been a waste of money and deciding now to go forward with it and wasting the time and money just to get a chip out the door that would have just ended up a loss
I for one Give Ken Kudos for having the insight to drop the project and instead moving FULL STEAM AHEAD with the FULL custom 28nm project instead now that there is only one project on the table maybe ken will have a lil more time to getting trading active along with maybe providing a lil more info into what goes on a lil more behind the scenes at ActM and VMC.
But isn't that what many of us were saying on here and in the forums and BG and You, and others were saying "Yes, it will be profitable"? It was obvious to even those who did not calculate anything that something was amiss. There never were real plans for the 55nm, it was all vaporware. Ken said we had already taped-out and started production process - no we didn't. That was a lie. You don't buy an IP and claim to be in production of a chip repeatedly without first calculating profitability. How are we now going to fund a 28nm? |
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Ken, why did you have your investors coins on Mt. Gox?
He didn't. Its just a good excuse, I think. |
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Since bitfunder closed, and all shares transferred back to ActM for holding, we have not received dividends of any kind.
I think it is time to sort that out please Ken.
Getting our shares on an exchange should be high priority, but sorting them out atleast (like LabRat Mining did), so that we can verify our holdings and receive our built up dividends should be the HIGHEST priority (after hashing).
What is happening with our shareholdings?
^Yes. |
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Why is it that every time we get closer to a date of delivery something happens and plans are changed?
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You need for a dollar/bitdollar exchange that keeps 1:1 reserve ratios and charges a fee for conversion from dollar to bitdollar and vice versa. their bank account would need to be public to guarantee they are maintaining proper reserve ratios. Once you have the bitdollars you can easily exchange them with bitcoin through decentralized "wallet" that also records and broadcasts each B$/BTC exchange and its ratio.
The value of each bitdollar is tied to the going market rate for dollars.
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duties of the US government: establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity
Making money 'trackable' is good business and makes sense and would probably come under the first three of the above. If it didn't make sense Las Vegas would have left their casino chips untraceable but no, they realize the RFID identification and tracking of casino chips makes good sense for them and offers a level of protection they need.
Those are general clauses listed in the preamble - they give no power. You should be looking at Article I, Section 8. The Federal government has only the enumerated powers expressed here and like a few others. The Federal government is also not granted a monopoly on currency, nor the power to forbid others from making currency, or using other currencies, or to require that private currencies are made according to certain rules. In fact, it only has the power to coin money from gold and silver (which never was traceable) - what you call the "dollar" is a counterfeit irredeemable paper ticket (i.e., a bill of credit). It is illegal for the federal government to issue bills of credit. What we call the "dollar" is illegal. So, you may be right that it could be a good idea, but the federal government just doesn't have the authority to do it - unless it could somehow put serial numbers on gold and silver coins, which would be very difficult, but not necessarily uncoinstitutional. Hard to believe I am talking to someone on Bitcointalk who does not understand this already. You are addressing the right of Bitcoin to exist. I do not dispute the right of Bitcoin to exist. I do not accept that the Bitcoin economy has a "right" to promote or facilitate criminal activity be it theft of Bitcoins from MtGox or movement of profits from of illegal drug sales out of the country or as that muckraking US official said at the Senate hearings, to be used to buy and sell children.
Who is saying any of this? |
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duties of the US government: establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity
Making money 'trackable' is good business and makes sense and would probably come under the first three of the above. If it didn't make sense Las Vegas would have left their casino chips untraceable but no, they realize the RFID identification and tracking of casino chips makes good sense for them and offers a level of protection they need.
Those are general clauses listed in the preamble - they give no power. You should be looking at Article I, Section 8. The Federal government has only the enumerated powers expressed here and like a few others. The Federal government is also not granted a monopoly on currency, nor the power to forbid others from making currency, or using other currencies, or to require that private currencies are made according to certain rules. In fact, it only has the power to coin money from gold and silver (which never was traceable) - what you call the "dollar" is a counterfeit irredeemable paper ticket (i.e., a bill of credit). It is illegal for the federal government to issue bills of credit. What we call the "dollar" is illegal. So, you may be right that it could be a good idea, but the federal government just doesn't have the authority to do it - unless it could somehow put serial numbers on gold and silver coins, which would be very difficult, but not necessarily uncoinstitutional. Hard to believe I am talking to someone on Bitcointalk who does not understand this already. |
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I don't see why it is an issue. You can't trace cash either - you couldn't trace any money prior to electronic payments.
Cash you can, since each bill has a serial number. My understanding is that it's more like water. In my example, when the first guy sends 1.5L(BTC) to 1AAAAA, that address now has a bucket of water with 1.5L in it and you can trace the history of that bucket. When I send 2L there, 1AAAAA now has two buckets of water, each with individual histories. When 1AAAAA spends that water to someone else, he's pouring 3L into a new bucket for 1BBBBB and 0.5L into a new bucket for 1CCCCCC. You can tell that those two new buckets were made from the output of the two input buckets, but you have no way to say what water in 1BBBBB or 1CCCCC's buckets came from which input from 1AAAAA. With more complicated with more inputs and outputs. If Gox did a transaction with 20 inputs (one of which are your coins), and 100 outputs, which of those 100 outputs are yours? Who can you go before the judge and say "that guy got my money"? You can to some extent, its still nearly impossible in most cases. If someone robs a bank you can trace where it was spent. My other point was: "So what that it can't be traced?" Why should the government have to be able to trace money? Why should they even have the power to do so? At one time, there were many different currencies floating around, including gold and silver coinage which could not be traced. Just because something can be done doesn't mean that it should be done or that doing so is legit. Government requiring money to be traceable isn't legit. We need to change the system back to the way it was prior to the government trying to track everything. Its not a fault of bitcoin, it is a feature that it can be difficult to trace. |
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I don't see why it is an issue. You can't trace cash either - you couldn't trace any money prior to electronic payments.
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Thanks. I could probably counter most of the ridiculousness myself but it is always good to get thoughts from others. |
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He's up for re-election this year. I'm willing to throw some BTC to anyone running against this idiot. You have to remember that "Traitor Joe" is partner to Jay Rockefeller, our other WV Senator. I am from WV and would be willing to write, call, or speak to him in person if anyone would like to help break-down the flaws in his shitty complaint letter. JP Morgan is one of his donators  And the Rockefeller power fortune rests in nothing competing with their system. David Rockefeller is so wealthy and so above politics that he doesn't even pay attention to who is running for President, he admitted to not following the race in an interview once. I hate to write to congressmen because they just send you those automated responses. |
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He's up for re-election this year. I'm willing to throw some BTC to anyone running against this idiot. You have to remember that "Traitor Joe" is partner to Jay Rockefeller, our other WV Senator. I am from WV and would be willing to write, call, or speak to him in person if anyone would like to help break-down the flaws in his shitty complaint letter. |
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jeremy liew asking lawsky to expedite regulation
What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?). The whole discussion of regulation is a pipe-dream. I don't want regulation for the simple fact that I don't want an exchange which is going to report my trade history to a government. Regulations don't have to come from state. The bitcoin market system can be self-regulatory when it would just get off it's ass and act. Nice to see that this idea isn't getting so much numb-minded "regulation is eeevil! eeevil I tell you! the free market will sort out everything!" as it got couple of weeks ago. You can check out this topic: https://bitcointalk.org/index.php?topic=458364.msg5058843#msg5058843He is talking about US government regulation. I agree, regulations can take different forms, and I am for those free market regulatory forms. I think Bitcoin could allow the demonstration of this to the public, where such possibilities have been prohibited by government and people's lack of understanding of the self regulatory nature of markets. |
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jeremy liew asking lawsky to expedite regulation
What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?). The whole discussion of regulation is a pipe-dream. And those exchanges will be shit just like any others built for few thousands. We need exchange built for millions, and that will happen in USA only, and that won't happen before every bit of thing is regulated as nobody will invest that amount of money in something that isn't defined by law. You don't know that. That is the beauty of the free market... it more than likely tends to develop better innovations than regulated ones, despite the bumps along the way. |
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jeremy liew asking lawsky to expedite regulation
What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?). The whole discussion of regulation is a pipe-dream. I don't want regulation for the simple fact that I don't want an exchange which is going to report my trade history to a government. |
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