I hope they never win a buck. Lawsuits of this kind are causing irreperable damage to any society. What is needed is criminal prosecution of individuals, not a lawsuit. Suing murderers to ask for money legitimizes crime: it's okay, but you may have to have the agency or private corporation you worked for pay some money later. Those who accept these kinds of payment are complacent in crimes.
Why would the government implicate itself with criminal charges? It wouldn't. It would implicate whoever performed the act and anyone who gave the orders if the orders were given in a way that suggested murder should be considered an option. You are assuming the people who gave the orders and the ones who have the influence aren't the same party. I think you addressed this already... it's been 60 years. pssht lol what ever. Lets all take schoolbooks from kids so they can become millionaires over something that's BS. Why wait 60 years to sue?
Last time I checked the CIA doesn't have a part of its budget set aside to pay for school books. If you have been the victim of high level criminal activity involving a substance virtually unknown to people at the time (LSD) , it usually helps if you first of all know what you were drugged with (a couple decades there). Second any time you are suing the federal government or its subsidiaries, you might not want the very same people who assaulted you to be able to influence the very mechanism with which you are seeking justice. |
|
|
|
I hope they never win a buck. Lawsuits of this kind are causing irreperable damage to any society. What is needed is criminal prosecution of individuals, not a lawsuit. Suing murderers to ask for money legitimizes crime: it's okay, but you may have to have the agency or private corporation you worked for pay some money later. Those who accept these kinds of payment are complacent in crimes.
Why would the government implicate itself with criminal charges? It wouldn't. It would implicate whoever performed the act and anyone who gave the orders if the orders were given in a way that suggested murder should be considered an option. |
|
|
|
I received a little over 1.7% of my held balance back.
If the exchange rate goes up much more that would make it harder on BitFloor. It is like taking out a BTC loan and then having to repay from dollar-based income. No, because the transaction fees are a percentage so it scales up. The only way to make it harder or easier for Bitfloor to pay back its debts is to change its volume. Right, and for all of us doing dollar cost averaging increase in price means decrease in volume. |
|
|
|
0.2-0.6% daily increase where does that put us?
Ask your calculator or a spreadsheet. |
|
|
|
whats beyond pathetic is that on these here forums many anonymous members are active.. isnt this funny as soon as theres a buck to be made they go silent or go YYYYYYEEEEEEEEEEAAAAHHHHHH.. and throw their hand held moralistic ideals aside into something more " favourable". Money.
What is pathetic is your self-righteous bitching. I have a job where I get paid in fiat. I have a decent chunk of savings that has been liberated from the fiat system by buying bitcoins. Every paycheck I convert a good portion of the USD I receive to BTC. The rest I use to pay bills and buy gas and food since those establishments don't accept BTC. What this partnership enables (for Europeans at least) is to simplify that process to the point where I could have my direct deposit automatically converted to BTC and then have it converted back instantly when I need to eat or pay a bill. I am currently keeping a buffer is USD for these items only because it is too slow to move the money between BTC and USD. The grocery store isn't going to accept BTC any time soon, and certainly not before there are enough bitcoiners. If this service provided the same features for USD as for EUR, I would use it and increase my bitcoin usage. This would also mean less revenue for the banks I'm currently using. If bitcoin is worth anything, why are you so scared? If it is so fragile, does it really deserve it's current valuation? Thankfully, I think it is far more resilient than it seems you believe. |
|
|
|
i have a feeling myself is going to keep trying to back up his shorts by shorting even more every time we go up a bunch.  don't do it As long as his bankroll is infinite he won't have a problem  . |
|
|
|
From a bank point of view there is no difference whatsoever!
A financial institution has a duty to ensure the origin of funds deposited with it. I have a bank account and if I give someone my account number (IBAN etc) they can transfer funds to me. The bank doesn't know anything about the person sending the money (they are not a member of my bank) Does a bank account with you function in exactly the same way as any normal bank account? Can I link my paypal account to my bank account with you? Can I set up a monthly direct debit to pay my bills? Can my employer pay my wages directly into my account? The bank knows what bank it came from and the account it came from. It is the other bank's responsibility to know their customers and the trail will be followed in an investigation. |
|
|
|
I usually don't agree with The Bible, but i agree with TheBible that's here.  However, it was inevitable that some of the "Bitcoin community" would make deals and sell out to the bankers, because they naturally want the lifestyle the bankers have. That's only possible by joining the establishment, rather than being a revolutionary... The real fun will begin when the major mining pools and commercial mining operators will start making deals with the government regulators and being bought up by the banks... That's actually when Bitcoin will be full-speed ahead to the past or "square 1"... In any case, might be an interesting saga for a long time. I hate central bank charades as much as the next guy, but how the hell is bitcoin supposed to grow without interfacing with any other financial systems? |
|
|
|
Integrate, integrate, integrate, and Bitcoin will succeed, because it is superior.
If I wanted to go out to dinner, or needed to go to the store for some groceries, where can I go that will accept this superior currencies debit card? Anywhere debit cards are accepted. But way to come out swinging before you understand what is being discussed. But I'm still ultimately paying in cash. The bitcoins are just converted into real money by this bank. I've added this bitcoin middleman because... It's a better store of value than fiat. Is that why it is effectively backed by fiat? Or why the only community to really embrace it is absolutely plagued by scams and baffling incompetence? Back to the initial point, isn't part of the entire mythos of bitcoin getting away from federal regulation and banks? If you are just going to have your bitcoins processed through a bank that then converts them to fiat money, you are just taking a worthless middle step. You're still paying in fiat money, this is not a win for bitcoin, just a confirmation that for anyone to take it seriously, you have to back it with the very fiat money you are trying to overthrow. Bitcoin for you is defined by how you use it. You don't get to tell me what it is about. If I want to use it that way I will and you are free to do what you want. You seem very bitter. Try reading your namesake, it might give you some insight about not holding grudges. |
|
|
|
Integrate, integrate, integrate, and Bitcoin will succeed, because it is superior.
If I wanted to go out to dinner, or needed to go to the store for some groceries, where can I go that will accept this superior currencies debit card? Anywhere debit cards are accepted. But way to come out swinging before you understand what is being discussed. But I'm still ultimately paying in cash. The bitcoins are just converted into real money by this bank. I've added this bitcoin middleman because... It's a better store of value than fiat. |
|
|
|
Integrate, integrate, integrate, and Bitcoin will succeed, because it is superior.
If I wanted to go out to dinner, or needed to go to the store for some groceries, where can I go that will accept this superior currencies debit card? Anywhere debit cards are accepted. But way to come out swinging before you understand what is being discussed. |
|
|
|
Bitcoin development is going pretty fast even though it will probably be a few years before it is ready for mass adoption. At that point Bitcoin will be worth several orders of magnitude beyond current value. All it will take for speculators to kick it up a notch is a killer app. These will be plethora when m-of-n transactions become available.
m-of-n transactions are available, we just need the apps to be built |
|
|
|
1!
If you intend to use the proceeds of the bond to buy some paragraphs and return keys well sign me up for a 100 shares.
rofl grammar is not my strong suit, I was the nerdy kid in class that helped everyone with there math assignments  I should have had my girl friend type this out  So what does the sum of 1/(2^i) for i=1..infinity converge to? 0! 0! and 1! are correct, as is 1. 0, however is not correct. |
|
|
|
So what does the sum of 1/(2^i) for i=1..infinity converge to?
trick question, that formula does not converge or it is 0 and your picking my brain now Ouch and it was an easy one .... Seriously on the propsal in the OP. I recommend taking a copy offline, cleaning it up, and in the meantime redact the contents of the OP. Now. Honestly step back pretend someone else just handed you the OP and read it from an outsiders point of view. Would you give money to someone who presented that plan to you? Honestly? Going into side topics about people coming over to rape you, and how you own a Glock? Joking or not is comes off as childish and dysfunctional. Generally when trying to get others to invest money coming off as childish and dysfunctional is not a good thing. I understand but I do worry about giving my personal information to anyone who asks for it, but you are absolutely right. I ask from you all to focus more on the business model rather than my grammar or adhd attitude. I type like I speak and for that it may be a flaw. I made this thread simply to see if the business model (if you can find it though all that text) would work. More so the amount of shares. I could have summed this whole thing up by just asking, do you think a million share bond is reasonable? But, instead I was open and honest about everything in my life I am sorry if I or that came off as childish or dysfunctional. I am 28 years old working tech jobs self employed. I am really getting sick of fixing peoples computers for a living. I want to try something else I am good at, which is running a business. If this does not work or falls though, my only option in life is to find techs like me to work under me and I can dish jobs out to them. Oh btw what was the answer to that equation? The answer is contracts with small businesses. Once you have a couple of those, you get someone to take your place and train them one location at a time. As they take over more stores, you get more contracts and eventually bring on another tech. In my area businesses are glad $2000/month for 4 hours a week of work. You show up every week and take care of everything you can. When there is no pressing issues, you spend the time improving their setup, further reducing your maintenance burden. You provide hardware at cost and set it up during your normal 4 hour shift. No need to take out debt to make this happen, except possibly short term credit to finance equipment. |
|
|
|
If you intend to use the proceeds of the bond to buy some paragraphs and return keys well sign me up for a 100 shares.
rofl grammar is not my strong suit, I was the nerdy kid in class that helped everyone with there math assignments I should have had my girl friend type this out So what does the sum of 1/(2^i) for i=1..infinity converge to? |
|
|
|
|
Divide your posts in to smaller sections and emphasize your main points, leave the rest for discussion. Walls of text go unread.
|
|
|
|
Interesting... does this mean that if they somehow do manage to deleverage it could release all that cash back into the system (i.e. inflation)?
It's like breathing... once the deflationary deleveraging completes, the inflationary credit expansion begins... until the debt grows too burdensome again and we are forced to deflate once more. |
|
|
|
Alright guys is it up or down from here in the short term?
Sideways, maybe an attempt at a dip followed by an "oh shit" rally. Market POV: If it wasn't for people trying to manipulate the market and force the price down only to buy more lower, we'd be trading at 50$+ easy I believe a big manipulator has recently tried to bring down the price only to buy back lower, and got burnt. need i say more? Development POV: Bitcoin is an open source project, that a lot of people feel in love with. need i say more? Anyone selling bitcoin now thinking investors might get scared and jump ship at any moment are fucking delusional. I saw your high volume, low movement candle a few hours before the latest rally . Oh, and did I mention the leveraged trades are 3:1 bear:bull. Get your sugar water ready for all the lemon juice. |
|
|
|
I hate to break up this catfight but I'd love it if you guys would take a quick break to teach me something. Cypherdoc is predicting deflation and he seems to believe that ppl defaulting on mortgages will cause it. I understand how retiring debt is deflationary but I don't understand for defaulting. I thought defaulting would cause inflation... because you can't take the USD back. Its spent. So its still out there but is no longer "backed" by the future earning power of the person who originally took the loan. Thanks in advance for helping a macro-econ noobie!!! In the average case, the money goes to pay off the mortgage of the seller. Poof, there goes the cash. The only things that change the money supply are the lost interest and fees(deflationary) and the change in price (likely deflationary due to lower prices currently). If the seller didn't have a debt to pay off, it would be inflationary, but that inflation would occur at the time of the initial sale. We are talking about when the owner defaults on the mortgage. Let's say a new owner pays C for the house to the seller, and owes the bank C (100% mortgage just for simplicity). The seller spends C so it goes into circulation. The new owner defaults. Now presumably when someone buys the house from the bank they do so at a much lower price (say C/2). Let's pretend they do it with cash. So C dollars were injected by the original loan, C/2 were retired when the house was repurchased and C/2 dollars are still circulating and are not backed by the original loan. Do this a million times (or whatever) and it seems to result in an increase in the money supply (inflation) to me. I understand we are talking about the owner defaulting on the mortgage. What I am saying is the seller rarely spends C, he pays off his own mortgage. Even if he were to spend C, it would not trigger inflation at the time of the new owner defaulting. The inflation has already occurred and should have taken effect before the default occurs. So yes, there is inflation when the mortgage is created, but that is the past. It is the future events that will matter, and those (loss of expected future interest and fees, loss of C/2 due to low resale) are deflationary. Of course, the Fed is buying up mortgages, so that can send all kinds of false signals, and would have an inflationary effect on home prices that may or may not counteract the natural deflationary pressure of the debt collapse. |
|
|
|
|
Show Posts
