I think PlanB has a lot of security:  Although I think that 2020 will be a total explosion that the market will have, it will be full of many news, wherever its nature is good or bad, the market will have more demand, thus generating a sustained increase in price coupled with the bullish trend. Non-stationary? Does he mean unstable? I think that we should take the exact date with a grain of salt. Besides, I am not sure why he was saying 50K before and now it became 100K. |
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It is like, the more poorer you are, the longer you stay poor.
The more richer you are, the shorter it takes to get even more richer.
Regarding the latter and btc...imagine being a whale and gaining or losing millions a day, almost every day. It could be exhausting. Re being poor...read this...it sucks even more to be OLD and poor because you have very few options or no options. The narrative of the next few decades for millions might be the story of going from high middle class to lower middle class or becoming poor. Hopefully, bitcoin would rescue some. https://getpocket.com/explore/item/falling |
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Glad to read about people having good time, around here we were getting too much rain. I bought some at around 9800, just nibbling. Not sure if this would turn out a good trade or not (short term). This got a lot of play on the interwebs, but I think that this guy, sadly, makes some good points: https://youtu.be/3WclYu5l4G0 |
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does it have 20 PCIE wires?
PMed |
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Price $40 $45 $55 in btc plus you pay for shipping (to Continental US only).
PSU is fully functional, pictures are not available as they are in hosting.
Hosting is closing, hence the sale.
This unit can comfortably run two antminer S9 (13.5Th/s), requires at least 208V (220-240V is fine).
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Remember how revered Vinnie Lingham was in 2015/16 and how he squandered such reputation in early 2017? - but probably only after a decent number of folks got R3ckt by selling because they actually relied on his bullshit early 2017 propositions that bitcoin was going below $500.
Yep, Vinny is one of many douchebags that came sweeping in during a Bitcoin bullrun and suddenly crowned himself a Bitcoin Prophet TM. The fact that they have "followers" that hang on their every word makes me ill. not Vinny...his days being a "prophet" are officially over since 2017. I wonder if planB will encounter similar treatment (if price fails to deliver), but maybe not since his opinion was based on numbers, not some made up "influencer" stuff. |
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Communism/ socialism has definitely gained popularity among the younger crowd. Doesn't take a math genius to look at where all the new productivity gains are going to, heres a hint: its not going to hourly workers on the bottom the totem pole. Wealth disparity is similar to what it was in the gilded age.
Wealth disparity is not the worst thing...historical forces that typically remove the disparity are much more disagreeable. I am reading a book that systematically looked at what reduces inequality..and turns out only major wars and deadly pandemics (plaque in medieval Europe) were able to temporarily reduce inequality. All societies "naturally'" trend toward increasing inequality in relatively peaceful conditions (over centuries). It's called pareto distribution. https://www.youtube.com/watch?v=TcEWRykSgwEhttps://www.youtube.com/watch?v=U4GMUamUjT8Thanks, but we were mostly talking about dynamic changes in inequality. You cannot explain change by referencing Pareto. That principle does not explain why in some epoch Gini is 0.35 while in other 0.85 The book at least shows correlation with historical events and even then it is not a proof of the causation, however, it is at least a starting point. Sidenote...who put a cap on bitcoin? Bizarro. |
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Were you born with a silver spoon in your mouth sir?
lol hardly lol was it hardly stuffed in ?  er...read the book (it looked over many centuries). It does not give an answer to what is right and what is wrong and/or what is preferable and what it not. It simply described what happened and when. To your first statement: No, the disparity does not steadily increase. It increased for a few centuries, correct, then decreased between 1930-1940 (following WWI/WWII combo, separated by just 20 years) until 1975-1980, then steadily increased again until now. To your second statement: yes, there not many instances where the poor move several strata in one generation. https://www.amazon.com/Great-Leveler-Walter-Scheidel/dp/0691192677/ref=sr_1_2?keywords=the+great+levelerThanks I'll buy it by the end of the month. Ain't got spare cash to swat a fly atm. Unless there's an online free / pdf / bootleg version of it somewhere, then you can let me know. But let's not forget, its just one book from one author - and it is socio-economics, something that is very hard to predict, even when using past data as example. Think of what happened during the black plague. I remember reading some charts about the economic impact it had on the wealthy vs poor, if I find it I'll stick it here. Good example...in the aftermath real wages apparently increased at least twofold and inequality decreased. Albeit, many millions died as the result of that disease. Hence, going forward, it is reasonable to predict that nobody would like it if some historical factors would temporarily "solve" the inequality. |
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4 is round.  ] 4 is not round. 4 has a dick face.
Wealth disparity is not the worst thing...historical forces that typically remove the disparity are much more disagreeable.
I am reading a book that systematically looked at what reduces inequality..and turns out only major wars and deadly pandemics (plaque in medieval Europe) were able to temporarily reduce inequality.
All societies "naturally'" trend toward increasing inequality in relatively peaceful conditions (over centuries).
You seem to be indicating the mass pandemics / disasters that make the wealthy less wealthy and taking that as some kind of an equalizing force. The truth is, the real disparity between the rich and poor keeps on increasing. At least that was the case until the industrial age kicked in. And now only thanks to the advent of internet and perhaps to some degrees, cryptos, the wealth that was accumulated by the rich for eons, has trickled down to the economically weaker sections of the population. As far as I know, there are very few instances where the poor are given a solid way to claw out of poverty. er...read the book (it looked over many centuries). It does not give an answer to what is right and what is wrong and/or what is preferable and what it not. It simply described what happened and when. To your first statement: No, the disparity does not steadily increase. It increased for a few centuries, correct, then decreased from 1930-1940 (following WWI/WWII combo, separated by just 20 years) until 1975-1980, then steadily increased again until now. To your second statement: yes, there not many instances where the poor move several strata in one generation. https://www.amazon.com/Great-Leveler-Walter-Scheidel/dp/0691192677/ref=sr_1_2?keywords=the+great+leveler |
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Communism/ socialism has definitely gained popularity among the younger crowd. Doesn't take a math genius to look at where all the new productivity gains are going to, heres a hint: its not going to hourly workers on the bottom the totem pole. Wealth disparity is similar to what it was in the gilded age.
Wealth disparity is not the worst thing...historical forces that typically remove the disparity are much more disagreeable. I am reading a book that systematically looked at what reduces inequality..and turns out only major wars and deadly pandemics (plaque in medieval Europe) were able to temporarily reduce inequality. All societies "naturally'" trend toward increasing inequality in relatively peaceful conditions (over centuries). |
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If you send from US warehouse, then I assume that you would be paying the tax bill (currently 27.6% to US AFAIK) and I am not going to be stuck with it.
Please elaborate.
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<snip>
Despite being Italian, fillippone is not a total cunt. Read his beginner's guide. No short cuts, read it all
<snip>
Oh thanks, Not 100% cunt then. Ok, that’s a start...I have room to improve (toward 0%) Don't take it too hard... Everyone is a bit of a cunt  Except the French, they're massive cunts  Well they are blocking Libra, give some credit them. France and Germany agree to block Facebook's LibraPARIS (Reuters) - France and Germany have agreed to block Facebook’s Libra cryptocurrency, the French finance ministry said on Friday.
In a joint statement, the two governments affirmed that “no private entity can claim monetary power, which is inherent to the sovereignty of nations”.
French Finance Minister Bruno Le Maire said on Thursday that Facebook’s new cryptocurrency should not be allowed to operate in Europe while concerns persist about sovereignty and persistent financial risks. And they did make microshaft change data collection practices IIRC so gotta give them credit for that. Now if they would only bathe.Or maybe no one will EVER understand what the fuck bitcoin actually is. Right, like that's really a private key underneath that scratcher? Pretty fucking lazy scam if you ask me. I don't think that they are complete morons. There must be an explanation that makes it something that can work, at least theoretically. Upon further check, there is a procedure, not sure how well it would work. First, passphrase is printed, then covered, then encrypted key unlocked by the passphrase is randomly generated at the second location. They claim that after wallet's private key (encrypted) is printed on the wallet, the data is destroyed (at their end). TL;DR they generate the passphrase and an encrypted private key in two different geographic locations, then apply both (together or in sequence?) to the wallet printout/etching. Or we can just trust Zcashes trusted setup? Sorry I couldn't hold back. I think my meds all kicked in at once this morning!The only bankster I trust is myself because I am my own bank. I'm not sure I trust myself now! And If I ever become my own Lawyer I will have to kill myself. Hmm come to think of it I may have taken too many of the red pills this morning...Meds that would make me humorous? Interesting. Wifey is saying that I was the best husband ever when I was taking muscle relaxants for a sprained neck. So, sometimes meds do something 'funny". Those oldies who remember "Seinfeld"....."Stelllaaaa!" https://www.youtube.com/watch?v=jTi7VtrLL0kI should take some, then yell "Zookoooooo!!!" (only Zcash aficionados would know). |
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Or maybe no one will EVER understand what the fuck bitcoin actually is. Right, like that's really a private key underneath that scratcher? Pretty fucking lazy scam if you ask me. I don't think that they are complete morons. There must be an explanation that makes it something that can work, at least theoretically. Upon further check, there is a procedure, not sure how well it would work. First, passphrase is printed, then covered, then encrypted key unlocked by the passphrase is randomly generated at the second location. They claim that after wallet's private key (encrypted) is printed on the wallet, the data is destroyed (at their end). TL;DR they generate the passphrase and an encrypted private key in two different geographic locations, then apply both (together or in sequence?) to the wallet printout/etching. |
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1. In case warranty repair is needed-how it is handled (since you are the one who ordered the machines)?
2. Payment sources (only btc or credit card, bank, paypal, btc mix possible)?
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Well, it has limitations, of course, but it is a bit more durable than a sheet of paper. At the same time it weights less than 100g or a kilo gold bar and...you can load it into a phone and/or exchange wallet quickly. It might become popular... or not. NOT sure how they would prevent scamming by a dishonest employee (who has access) if the private key is already pre-printed. |
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GBTC premium is shrinking, currently "only" 27% or so.
Bitcoin ETF coming this year?
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it is a risky and high priced item. But s9 gear will drop off like mad. So more efficient gear can be good.
With presumable close to zero electricity cost from the solar, wouldn't the lowest cost per th/s be the best idea? S9 could be had on the cheap these days... |
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https://www.wsj.com/articles/ecb-launches-major-stimulus-package-cuts-key-rate-11568289016 ECB printing presses at warp 8. https://twitter.com/realDonaldTrump/status/1172120964232093697"European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports.... And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!" We literally have a sitting US president crying on social media about how the ECB is printing money faster than the FED and winning the printer of the year competition. This jawboning of the FED is unprecedented and so far has worked very well to force them to bend to printer in chief's will. No doubt it will continue to work and the FED will cave over and over. With all this money printing going on across the globe Im starting to really increase my projections of where the highs of this current Bull Cycle will take us. 100k is looking more like childs play and about 250k seems a more reasonable target to hit in the next 3 years. Big Macs will be about 10 bucks a pop by then, but who gives a damn, we will be rich af. TLDR: ITS HAPPENING I think that instead of the 50 year and 100 year bonds and negative rates, bond market will turn around and "bite" them. Perhaps, that tweet would be considered as a historical mark...that said, numbers already turned around and we had 2.4% "official" inflation in August. Easing in these conditions is simply crazy, but let's see what happens..they would do it at least once in all likelyhood. Boomers had their inflation peak in 1980-1982 when the cohort was 16-38 years old. The Millennial cohort is there already, so it (much higher inflation) WILL happen soonish (within 5 years), IMHO. |
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