Gold won't develop into such a bubble, since people can not easily exchange anything with gold (they have to identify the quality of the gold bar they get, they have to physically transfer the metal etc...), they can only use money to inflate the gold price, and the money supply is controlled by central bank
Heat about the slew of gold-backed securities? Can't they turn into a bubble? |
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Around here, I can get a Angus Deluxe (One of McD's premium burgers with fresh vegies that does compare to In-n-Out burgers) for about $3.50.
Please render your opinion again once you've visited an In-n-Out. I can't as I'm nowhere near California. But you can get an Angus Deluxe and let us know what your opinion on the two are. |
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How ironic/strange/confounding is it, that Bitcoiners are labeled as FY;GM types who are only interested is getting rich at the expense of others, and yet our community has donated over $4,000 to charities through the public Bitcoin100 organization, and has given away a lot of money through less public means via tips, direct donations, and gifts...
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bitcoin-qt tries to randomize the position of the change output, but I believe the code has a flaw...
Ay carumba, how did we not notice that for over two years? Because we're still in Beta  |
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What about the issue that brought down bank in 2008, where they all trusted the guy they were dealing with, but had no idea that guy was trusting someone untrustworthy (the insurance company that turned out not to have the money to cover CDSs in this case)? Can't the same issue happen here, where someone may trust a friend for $100, but that friend trusts someone else he really shouldn't, and when that someone else defaults on their debt, he takes down the friend and all his contacts as well?
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Once you see the irrationality, the violence and the hostility in statists, it is impossible to unsee it. This is exactly why one does not return from an cap.
I imagine abolitionists also could not stop seeing the Negro as a human being, once they did.
Ditto for anyone who was a Christian/Muslim who turns atheist. You just can't *force* yourself to believe in Santa Claus |
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To be honest, comparing In-n-Out to McD's isn't that straightforward, because McD's prices vary drastically based on location. Around here, I can get a Angus Deluxe (One of McD's premium burgers with fresh vegies that does compare to In-n-Out burgers) for about $3.50. Down in Orlando near Disney World (Downtown Disney shopping strip), a Big Mac meal goes for about $7. Last time I was in Switzerland 10 years ago, that same meal went for $12 when converted to USD.
So FirstAscent may be looking at skewed prices for his McD's. For example, a Quarter Pounder here costs about $1.50 to $2.00, not $3.50.
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Anyone object to me sending late donations to them too? I'll keep it under 100BTC total
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Rassah posted: That is a horrible insult to Matthew N. Wright, and you should apologize (j/k)
Seriously, though, The Bible is a SomethingAwful goontard who thinks Bitcoin is monopoly money only used by autistic Randian retards. He would never even entertain the thought of buying or using Bitcoin, let alone start a magazine about it.
Do kindly show some decorum, Rassah. More important, you're forgetting to mention the drug dealers, money launderers, and con artists. "Only by autistic Randians" indeed. Ah, yes, I stand corrected. |
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The crepes one isn't close, and I don't know if they still do.
If you are going to be near there, make ABSOLUTELY SURE that you stop by Grom ice cream shop. It is the only authentic Italian gellato place on the east coast (all others I've tried that call themselves gellato, even expensive ones, are just plain crap ice cream). It's a bit pricey, but it's very much worth it. Also, if you have room, get their hot chocolate. It's like as concentrated espresso of hot chocolates.
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By the way, just want to point out that we have gotten at least $100 worth of donations from self-identified BTC scammers and thieves over the year. Maybe mixing stolen coins, maybe just being gnerous with their booty, but... meh.
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You really are incapable of recognizing your own faults, aren't you Myrkul?
Yeah, myrkul, what the hell was that? O.o |
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That they're competitive at all is a minor wonder, IMO.
Not to me. They make damn good burgers. Zero comparison to McD's or Burger King. They're competitive for the same reason true "restaurant" burger joints are competitive. So do Checkers and Hardee's. Their burgers are great. And they may pay higher than the minimum wage, too. FirstAscent would argue that the reason is: Minimum wage laws, or something else, increases wages> Employees get paid higher wages > Employees are more competent and more satisfied > Employees make better burgers > Company makes more money due to sales, I guess?, because their burgers are as cheap as McD's I'm saying that's somewhat ass-backwards, and it's actually Company differentiates itself by wanting to make better burgers > Company sets up quality standards for the burgers > Company pays for better ingredients and higher wages for better employees > Company sells better burgers, and charges a premium on the improved quality of food and service. Minimum wage has nothing to do with it, and the burger quality improves from the top down (the company), not bottom up (employee's good intentions). And even these better burgers follow supply/demand/quantity/price: If there are not enough people willing to pay for the more expensive burgers, even if the burger chain makes a killing on profit margins, it is limited by how much it is able to sell and expand. That's probably why In-n-Out is still only on the west coast, while McDonalds is around the world. |
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Let me know when to send. We're only up to about 67 now
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By the way, I think that TheBible is an alt of Matthew N. Wright based on IP logs. Funny how Matthew is now worse than Atlas.
That is a horrible insult to Matthew N. Wright, and you should apologize  (j/k) Seriously, though, The Bible is a SomethingAwful goontard who thinks Bitcoin is monopoly money only used by autistic Randian retards. He would never even entertain the thought of buying or using Bitcoin, let alone start a magazine about it. BTW, TheBible, if you're reading this, tell gfanikf that the IT guys he keeps asking about are likely talking about Usenet (or whatever that old NNTP forum like service is that let's you download wares in chunks). Copyright agencies finally pushed enough on VISA and PayPal to block payments to Usenet providers, and they were forced to either switch to Bitcoin or shut down. I thought the MNW thing was funny too, but otherwise what's the big deal? So they guy's on SA. Not like he's made it difficult to spot, he uses the same name for chrissakes. And he doesn't think much of BTC? Big deal, most people don't. What did I say to prompt that reply? I don't care if they don't like btc. |
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None of which still answers how they can sell good burgers, with good service, and pay high wages, while still selling burgers cheaper than the competition. Something somewhere simply doesn't add up. Maybe they have the same business plan as Los Pollos Hermanos?
lol... No. Well, probably not. Efficient workers mean efficient production. Efficient production means you can make more burgers, faster. More burgers, faster, means you can price them cheaper, and thus sell more. And the prices aren't exactly lower than the competition. A double-double (two meat, two cheese) is ~$3.00 ( source). A Double (two meat, two cheese) from McDonalds is ~$1.29. I haven't tasted In-N-Out's burgers, but it's probably worth the extra $1.70. EDIT: it's up to $3.15... http://www.ocregister.com/articles/prices-297781-costs-year.htmlOh, so, you mean higher wages DOES mean higher costs and thus higher prices? Well, that example just got busted |
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None of which still answers how they can sell good burgers, with good service, and pay high wages, while still selling burgers cheaper than the competition. Something somewhere simply doesn't add up. Maybe they have the same business plan as Los Pollos Hermanos?
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By the way, I think that TheBible is an alt of Matthew N. Wright based on IP logs. Funny how Matthew is now worse than Atlas.
That is a horrible insult to Matthew N. Wright, and you should apologize (j/k) Seriously, though, The Bible is a SomethingAwful goontard who thinks Bitcoin is monopoly money only used by autistic Randian retards. He would never even entertain the thought of buying or using Bitcoin, let alone start a magazine about it. BTW, TheBible, if you're reading this, tell gfanikf that the IT guys he keeps asking about are likely talking about Usenet (or whatever that old NNTP forum like service is that let's you download wares in chunks). Copyright agencies finally pushed enough on VISA and PayPal to block payments to Usenet providers, and they were forced to either switch to Bitcoin or shut down. |
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We're in 2010's, and the "new" music genre is Dubstep. Now, thanks to Erik's post, I imagining that Ripple will be the dubstep of currency, with its total supply going Wob-wob-wob-wob |
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), because this spreadsheet has gotten too big and unwieldy. I can post copies of the GNUCash file in public for anyone to peruse, as well as post reports.
