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501  Bitcoin / Bitcoin Discussion / Re: When the majority decides to change the rules on: March 25, 2011, 08:46:24 PM
I suppose the best way to do it is base loan repayments on the value of the currency at the time.
You would have to compare it to something though. Obviously the USD would work but maybe you'd want something else like gold.
Why does it need to be compared to anything?
502  Economy / Economics / Re: Stop endorsing the fed - redeem lawful money instead on: March 25, 2011, 08:14:27 PM
I agree. To the average person they believe the debt to be paid and extinguished. This belief is sufficient for the majority of people I am sure, and yes it may seem to be semantics.

But if you really get down to the bottom line, it is quite a different situation. Suppose hypothetically that everyone (whomever) started calling in their notes/contracts/ious. The average person could have some serious problems. Not necessarily only because they discharged debts but because it is my understanding that those discharges do not convey pure property ownership and rights.

Am I worried that someone is going to call in my discharges and demand their toothbrush back? Not at all. I don't think it ever would happen. But when I purchase and pay for something at the store (most often discharge) I want to know that I have ultimate and supreme property rights and ownership of that item. And today it is not often at all that I have those rights.

Fortunately most of the folks on these forums and in this community are not average people which is probably what drove them to this community. Smiley

Snuck up on me while posting also...
503  Economy / Economics / Re: Stop endorsing the fed - redeem lawful money instead on: March 25, 2011, 07:16:22 PM
Even if it's just another fiat currancy at least it's lawful money issued by the government (and good for the payment of debts) and not private credit (good for the discharge of debts)
I may be wrong but I am not so sure US notes would suffice as payment of a debt. Tender of gold/silver certificates I am confident constitutes payment of a debt but I believe US notes and FRNs both would be a discharge.
504  Economy / Marketplace / Re: Looking for Miner Partner on: March 24, 2011, 03:25:52 PM
I have my kids pedaling bicycle generators.  Smiley

We are at $0.095 for electricity and no other costs. If space (garage) and/or bandwidth becomes an issue we have physical access to a local data center that we have used in the past and at very reasonable rates.

We built a little rack/cage system for densely mounting many cards in a compact space so I don't see space as an issue whether garage or data center. Currently working through a cooling design to accommodate large quantity of GPUs but I think this will be done within a week or so.
505  Economy / Marketplace / Re: Looking for Miner Partner on: March 24, 2011, 06:29:18 AM
I think it's a really good idea. Although it's probably not the kind of thing you reveal this early, because like Atlas said, it may get stolen.

Well that would just motivate us to provide an increasingly better service. Although I would not consider it stealing, rather I would encourage it.

Thanks for the feedback guys, this was one of a handful of ideas we have been tossing around.
506  Economy / Marketplace / Re: Looking for Miner Partner on: March 24, 2011, 12:20:57 AM
Yeah I agree, I had it more aimed at the guy with a post count of 1 

..and a registration date of today. Been lurking a while, I finally decided to get more involved.
507  Economy / Marketplace / Re: Looking for Miner Partner on: March 23, 2011, 11:54:15 PM
We may soon be offering a service along the lines of this. We being a coworker and I who have recently (1+month) begun building rack/cage based GPU rigs of our own. We are located in central California.

To overcome the trust issues/concerns what do you all think about us covering a percentage of the FMV of a GPU entrusted to us prior to delivery of a GPU? Say for example if we were to pay the provider of the GPU 50% of FMV of the card prior to shipment and payment be considered prepayment of expected BTC rewards. When the GPU works off the prepayment the provider begins receiving percentage/share/whatever based rewards.

Is something like this of interest to anyone?




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