I got paid today too. Look, it might be a ponzi, but the whole point is that it's a sustainable and paying ponzi.
A ponzi, by definition, is unsustainable. It only lasts as long as new investments come in. https://en.wikipedia.org/wiki/Ponzi_schemeHey, you know, as bitcoin difficulty rises, payouts will go down. The funds from the bought contracts can be then paid out. So it will last more and more. If the expected payout is reduced, so then will be the money coming in from new investors, so it makes no difference. And even if they don't have that many TH/s, they should at least have some.
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I got paid today too. Look, it might be a ponzi, but the whole point is that it's a sustainable and paying ponzi.
A ponzi, by definition, is unsustainable. It can only continue as long as new investors come in. https://en.wikipedia.org/wiki/Ponzi_scheme |
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I can change my ip always I wan't right?
Yes they have 18 servers which you can switch between (US, UK, Switzerland,Netherlands, Canada, Germany, France, Sweden, Romania and Hong Kong) |
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haha, 10ghash for $300
butterflylabs sets a fine suggested retail price
that gizmodo article is wrong, you wouldn't break even ever (unless you found some bigger sucker to buy it used for around same price). 30 years? pfft
Sadly there are always going to be new people that don't understand the math and get hooked by this stuff. When I first got into BTC I paid 50 bucks for a single GHS voucher on Amazon. It was a good lesson about doing your homework before jumping in. It doesn't help when this forum carries advertisements proclaiming that "there has never been a better time to invest in mining". Shameful. |
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Bitcoins have no intrinsic value?
This is simply not true. Each bitcoin gives the holder the ability to embed a large number of short in-transaction messages in a globally distributed and timestamped permanent data store, namely the bitcoin blockchain.
I'll stop you right there. Bitcoins do not give holders the ability to do that. What enables them to do that is the network of bitcoin miners that allow transactions to be pushed. If there were no network, bitcoins would be completely useless. They have no intrinsic value. Bitcoins are the network. That's like saying apple pie wouldn't taste nice without the apples. It wouldn't be apple pie without them. no, you are playing with semantics. sure, "bitcoins are what make the world go round." but the fact is, the network of miners and users of the currency are the basis for value. you cannot conflate people/computational power with bitcoins. if the hash rate dropped to zero tomorrow, bitcoins would still exist. and they would have no practical value. Actually I think that a bitcoin in essence is a token of value held on a network. Without the network it's nothing but a meaningless piece of code. I'm not trying to play with semantics at all, but rather establish when a bitcoin has the properties which make it what it is. To me at least, that would require being on a network. Remember we're talking about a virtual item. It's not like it has any properties (other than code) in and of itself. Only under specific circumstances does it become something other. |
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Bitcoins have no intrinsic value?
This is simply not true. Each bitcoin gives the holder the ability to embed a large number of short in-transaction messages in a globally distributed and timestamped permanent data store, namely the bitcoin blockchain.
I'll stop you right there. Bitcoins do not give holders the ability to do that. What enables them to do that is the network of bitcoin miners that allow transactions to be pushed. If there were no network, bitcoins would be completely useless. They have no intrinsic value. Bitcoin is the network; the network is Bitcoin. That's like saying apple pie wouldn't taste nice without the apples. It wouldn't be apple pie without them. |
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The irony in this thread is hilarious; maybe you should rename it "Bitcoin for Philosophers".  Nice video though. |
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You were drunk when you've created the thread?
Were you high when you asked this question? Is your mother high? |
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Sid Meier's Alpha Centauri is a great game (though old) if you haven't played it.
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I wonder... In other countries, are there "American-themed" restaurants?
Here in the states we have Italian, Chinese, Irish, Mexican etc. themed restaurants.
Yes. They're called Mc Donald's. |
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By the way, is this mushroom legal? Cannabis are plant without negative effects and yet cannabis are banned. Government can ban other plants too. Just because they say so.
Reishi is not psychoactive. |
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That was kind of a strange answer... you sure you haven't been eating the mushrooms lol?
It was a strange question too. I haven't eaten any mushrooms today. |
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I have seen presidents in office since Nixxon and every single last one of them were corrupt and greedy but i think Obama bin Laden is hands down the worst U.S. president ever.
At least he's better than bush, way better. Bush ruined the country the Economy stated multiple wars and allowed banks to takeover the country. Obama is not perfect but he is leaps better than Bush. You may as well debate over which of two lumps of dogshit you would prefer to have for breakfast. |
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Stress is a symptom of an underlying problem. Trying to deal with it directly is like closing the barn doors after the horse has bolted.
You need to identify the cause, then take steps to remove it. Once the cause is removed, you will stop feeling stress.
If you're really keen on dealing with this, I suggest some form of therapy. CBT is excellent for identifying the causes and then finding ways to address them directly in ways which you can manage (CBT is especially good for anxiety). Other forms of therapy may suit your individual situation more though. Even counselling can help a lot (never underestimate the power of just talking to someone). Just dealing with these things will bring an immediate sense of relief sometimes and give you the motivation to keep going, especially, if like me, you tend to avoid doing so normally.
In the meantime, spend some time trying to identify what it is you're doing which creates this stress. Perhaps it's not a situation, but rather the way you deal with it.
Meditation can help too, but can often be frustrating when the underlying causes aren't being addressed.
I would strongly advise against trying to "kill your emotions". Try rather to live harmoniously with them. Waging war on yourself isn't the way to peace, just more suffering. There is nothing wrong with emotions. We just need to learn not to be carried away by them.
Good luck. I hope things improve for you soon.
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ur m0m
What is your btc address? I need to donate to this god-damn ingenious commenter. Is that you mother? |
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I'm not sure what point it is you're making here. Is it that there are no UK export restrictions on encrypted software if it's given away? If so, could you provide links. I would like to read this. This was brought up on the emunie forum and as far as I know never addressed fully.
In more general terms, you're entitled to your opinion and I thank you for sharing it here. My opinion is obviously otherwise regarding having to sign legally binding contracts with governments and trusting people to just walk away from those contracts when necessary (in terms of the claimed philosophical goals of emunie as opposed to making lots of money). This requires trust in the developer and his business partners that he won't give in when it gets rough (assuming he hasn't already). This has been my point right from the start.
regards,
eid
I value your views, I am just trying to get to the core of it. Corps law, (for corporations) usual gives a set of legislation that corporations are run by, and these generally allow pretty diverse operations. Eg Corps often start of with replaceable rules or something similar You don't sign legally biding contracts with the government, rather you aquire a suite of formalised protection from state interference as well as obligations. These obligations may what worries you. And yes they are there. Usually they are not that onerous, e.g., not trading insolvent, directors duties, tax requirements. Corporations offer many benefits such as survivability from their foudners, separate legal personhood, e.g. a corporation is explicitly not Dan. They are separate at law. A mean to organise structures and hold formal accounts with various entities. Enforce rights etc. Don't get me wrong corporations do lots of nasty things and bilk a lot of people, but also they don't make life easy for Govt's just look at all the tax apple is not paying by its ireland-holand set up. legally avoiding minimising billions in tax and theres not a thing USA/EU can do about it. This is also as an aside an interesting way in which money finds a way to transact at minim cost through arbitrage of jurisdictions. If what I apprehend you are getting at it the Govt has legally got its claws in and can make Dan do whatever now, I actually feel Dan is in a better position that when he was emunie did not have a company. Because Dan went public he was bound by inumeral laws and easily locatable. This forces him to incorporate and emunie is in whatever it does is much better protected this way. Corperations have much more protection, perhaps the biggest being limited liability. I respect your views however. You've shown that I've been making assumptions regarding registered companies having extra obligations (by law) particularly in terms of export and how they carry out their business. I've realised I don't know whether this is true or not. For instance, if there are export laws regarding encrypted software, do they apply to private persons, or just businesses. Probably both, but I honestly don't know. The same goes for when the government realise just what it is Dan is up to and the laws which will apply (or they will make up). Does it make a difference here? Again I don't know. This being the case, I will edit my OP to reflect this (for now at least). Lets try and look at what we do know about Ltd companies. 1) It will make things easier when dealing with other companies (e.g. buying advertising and funding Dan's round-the-world holi...err promotional tour). 2) It will allow Dan to pay salaries and bonuses to himself and the other shareholders/employees. (not sure about this. Does it give Dan a license/protection to divert funds or would he even need that?) 3)It will protect Dan from financial ruin if the project goes tits up. That's all I can think of for now. Any additions/thoughts? As you said, this is a necessary evil since Dan decided to be public. As I see it, this was a big mistake in the first place, and its the reason I feel the project was faulty from the ground up. "Dan Hughes" is the point of all centralisation (the person and the fact that I know the name in the first place). Thanks for challenging my points; it's quite refreshing and it's made me think. |
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I'm not sure what point it is you're making here. Is it that there are no UK export restrictions on encrypted software if it's given away? If so, could you provide links. I would like to read this. This was brought up on the emunie forum and as far as I know never addressed fully.
In more general terms, you're entitled to your opinion and I thank you for sharing it here. My opinion is obviously otherwise regarding having to sign legally binding contracts with governments and trusting people to just walk away from those contracts when necessary (in terms of the claimed philosophical goals of emunie as opposed to making lots of money). This requires trust in the developer and his business partners that he won't give in when it gets rough (assuming he hasn't already). This has been my point right from the start.
regards,
eid
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