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It's money, so the real question is "how do I get money?".
You can earn money from doing work, such as providing a service.
You can sell things for money. And if you find something to buy cheap and sell for a profit your in business!
You can trade one currency for another. That is, you can buy bitcoin.
I think home mining is dead and you will never get much from faucets or begging. Faucets were set up in the beginning so that new users could try out the system. They were never supposed to be a revenue source.
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If we understood economics and money we'd be shitting our pants.  Is the Bitcoin Foundation run by a pedophile bro? Just curious. Oh it's common knowledge here that all BF members are pedos. Which is to say no.  |
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If we understood economics and money we'd be shitting our pants. |
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If they do consider gold coins (you don't know, the desinformation fog is thick), the reason could be that they expect an attack on a paper money system, consisting of a competing gang of thugs printing false notes and spread them, draining resources from the country and sending the fiat into hyperinflation. It has been done.
Minting gold coins and spread them in the IS would not work, the extra coins would be just as good as the islamic coins. Making coins that looks like gold is not easy, and can be detected by anyone.
I think such an effort would work to dramatically hurt the utility of their coins. What they are issuing is a gold standard coin. It's value is based on it's commodity value and not determined like a fiat currency. That means that a fake coin does not contain the value the user expects. While there are always ways to spot a counterfeit coin, it could be made difficult in a practical sense. The idea is to get shop owners, etc. to favor other currencies and not trust IS coins. That suppresses the value and reduces the income for the issuing authority. It would be a big operation however, and there are a lot of problems to getting them in circulation. Well, this can happen with paper money, but not with gold coins, exactly because the gold coins will be valuable whatever amount is dumped. Excess gold money will just make them stronger, enabling them to buy more guns. Maybe I'm not being clear. The coins I would dump are gold plated and maybe worth a few bucks each. It would be hard to distinguish from the solid gold coins they are planning on issuing. It is not knowing which coins are real that would hurt adoption of IS coins. |
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Investing in anything is a threat to your wealth. If it was a sure thing then the investment issuer would not need your money. Since bitcoin was never intended as an investment you are putting a square peg in a round hole when "investing" in btc. Sometimes the peg fits in there and sometimes not.
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I trust my government a million times more than I trust my ISP. That is the bottom line for me.
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Hi and welcome Erza!
You might want to read the bitcoin whitepaper. All the talk here is based on this work. You can find a link to it below, where it says "the gospel according to Satoshi". Not all of it is an easy read, but there are a lot of answers in there.
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I don't think of you as "stupid", I think of the scammer as a "bastard".  |
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Here is a gambling park of sorts. I have not played it, but it has games all over an open map. Looks fun!  http://www.dragons.tl/ |
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I think that when your president, golf is work. They line up a few people for each hole and they get a brief meeting/photo-op. This is done for all sorts of lobbyists, donors, business leaders. It's not like he gets any peace and quiet the way my dentist does when he golfs on Tuesdays. Although, it may be better than an office meeting.
Maybe golfing a few minutes after announcing a dude got his head chopped off was a teeny weeny bit much? Agreed. The optics of that were awful. Especially in an economy where most people couldn't even afford to golf if they wanted to. |
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I think I'll take my chances with Obama. He is the smartest president of my lifetime and i trust him on this.  As I posited upthread, you want to be culled. . . . The fellow, as with any, desires a liberty he cannot know by his own limitation. You, having thus scoffed him, demonstrate equivalent failings. No I am stating the facts. He wants to be culled and is actively fighting for that. This is evolution at work so he can get his wish. Evolution makes no excuses for intent with ignorance. Actually it's just that I am not afraid of people. I think they are mostly the same and I get along with everyone. I believe this helps me see people for who they are instead of who I thought they should be. It may be comforting to see the world as black and white, good and evil, communists and 1776 patriots. Reality is never so simple, and you do yourself a disservice when you fail to take each person or event as a separate issue. |
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I think that when your president, golf is work. They line up a few people for each hole and they get a brief meeting/photo-op. This is done for all sorts of lobbyists, donors, business leaders. It's not like he gets any peace and quiet the way my dentist does when he golfs on Tuesdays. Although, it may be better than an office meeting.
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I don't know what all goes on when a credit card is used. I guess I can't use them? Well, at least I understand bitcoin. |
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Why? because penguins are freakin hot, that's why! |
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...
The same reason they think fluoride is good for their teeth, the government "would never hurt them" ... ~Your Beneficent Reptilian Overlords. Yes. They will tell you it is essential for proper growth of bone and teeth. What a load of government crap. There are no bones in our bodies.  pfft. Now as for paying taxes for the services we want. I would like 100% of my taxes to go to abortion clinics. |
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I think I'll take my chances with Obama. He is the smartest president of my lifetime and i trust him on this. |
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If they do consider gold coins (you don't know, the desinformation fog is thick), the reason could be that they expect an attack on a paper money system, consisting of a competing gang of thugs printing false notes and spread them, draining resources from the country and sending the fiat into hyperinflation. It has been done.
Minting gold coins and spread them in the IS would not work, the extra coins would be just as good as the islamic coins. Making coins that looks like gold is not easy, and can be detected by anyone.
I think such an effort would work to dramatically hurt the utility of their coins. What they are issuing is a gold standard coin. It's value is based on it's commodity value and not determined like a fiat currency. That means that a fake coin does not contain the value the user expects. While there are always ways to spot a counterfeit coin, it could be made difficult in a practical sense. The idea is to get shop owners, etc. to favor other currencies and not trust IS coins. That suppresses the value and reduces the income for the issuing authority. It would be a big operation however, and there are a lot of problems to getting them in circulation. |
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Take for example the "qualified investor" in the U.S. To be qualified you must have a million dollars and expect to make 500k this year. How insulting is that!?! It implies that the poor are to stupid to invest their own money and that just having money shows how smart you are. The system is rigged to keep normal people from investing and living off of capitol gains, exactly how the rich make their money.
The point of identifying who a "qualified investor" is isn't to exclude poor people from investments, it's about identifying a situation where there are no investors the SEC needs to protect. There are certain securities or transactions that don't need to be registered if they deal with only qualified investors. The point is to identify a transaction that doesn't need SEC oversight or registration since a "qualified" investor is deemed to have the experience or resources at his disposal to figure out for himself if the deal is legitimate or or not. It's true the SEC equates financial sophistication with wealth or level of income, but that doesn't seem to be an unreasonable correlation to me. The question comes down to financial sophistication, and the SEC has decided that the rich are more financially sophisticated than the poor, and are able to better understand the risks of investing in an unregistered security, which is riskier than a registered security. To a lesser extent, this identifies situations where the government doesn't need to get involved so it can lessen its regulatory burden, but it's mostly about situations where the government doesn't have to oversee or register the securities because everyone involved can take care of themselves. I see what your saying but the implication that having wealth equals financial knowledge is false. If one were born mentally challenged but a millionaire he/she would qualify while another person with an advanced degree in economics will not qualify if they are not rich. The only reason why this law exists is to protect the wealthy from normal people entering into investments. Why for example can't a normal person invest $500 in a startup? Even if their poor stupid self invests unwisely, they wont go broke. And there is nothing to keep a wealthy person from investing in a ridiculously bad option. It is not about protecting anyone. It is about the fact that the wealthy do not work for a living, they invest. If everyone could do that then the rich would face competition from the people who are supposed to be busy making them money. |
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A lot of people here find taxes tyrannical. But who will commit to not using the services they pay for? That would strengthen the case for not paying. I can respect that. If you are using all the benefits of taxation but not paying, then you are just sticking your bills to another person who will have to make up for you. I can't respect that.
I don't mind paying my share, but I want the government to go after dead beats if it means I will have to pay for them.
The problem isn't all services and all taxes. The problem is the cruise missiles that cost $1 million each, and all the other military hardware that only makes us less safe. Our enemy has become a body of ideas, and by waging a war of force, we are creating more orphans, who are the most vulnerable to radicalization. I'm with you on that bro! For me there is a difference between the idea of taxation and how it is spent. |
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