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5201  Bitcoin / Bitcoin Discussion / Re: World's First Bitcoin Lawsuit - Cartmell v. Bitcoinica on: January 27, 2013, 04:06:48 AM
Thank you so much for the updates on this case. So apparently the fact that people gave money to a child have less culpability than the folks that tried to clean up the child's mess. Personally, I would be ashamed to go to court to sue a child, but that's just me. I am only a parent. If I missed any major points to this, please point me to the wiki or FAQ.

Irrespective of the motive or the outcome of this decision, it will be advertising for Bitcoin paid for by the plaintiffs.
5202  Economy / Economics / Re: USD to unpegged currencies on: January 27, 2013, 12:45:21 AM

Similar trends by countries not engaged in the race to the bottom:

http://www.xe.com/currencycharts/?from=USD&to=PLN&view=10Y


PLN ? Seriously, they keep buying Formula-1 engines in their race to bottom with debt from EU. It's one of the most inflationary currencies on earth.

Inflation in december alone was 2.4%.
It looks like they joined the currency war late in the game. I wonder how it's working out for them?
5203  Other / Off-topic / J.J. Abrams will get the Nobel Peace Prize on: January 27, 2013, 12:42:03 AM
This is the end of Star Trek vs Star Wars with J.J. Abrams directing both. Is that why he blew up planet Vulcan? Will Spock become the next Jedi Master at Fringe Division? His Star Trek 90210 single-handedly ended the ST franchise forever. Will he do the same to SW? What's next, will he direct The Simarillion as an alien invasion? Somehow J.J. Abrams will find the perfect movie formula that numbs every human mind into the green goo that Seth McFarlane craves and there will finally be world peace.
5204  Economy / Economics / Re: USD to unpegged currencies on: January 27, 2013, 12:05:23 AM
The pic was the ten year chart of USD to PHP which shows a trend of dropping from 55 to 39. I did not notice the currency war thread. I probably need to post it there. What I am seeing is that large countries with sovereign currencies tend to float and deflate, while larger countries tend to peg to USD and inflate. I just think the smaller countries would benefit from Bitcoin to attract commerce since their exchange rates are undesireable.
5205  Economy / Speculation / Re: Bitcoin Price will shoot up much higher if.... on: January 26, 2013, 11:57:05 PM
Bitcointalk is a fickle forum full of scammers. Some they will throw money at, others will be drawn and quartered. Bruce Wagner was someone that had a history before Bitcoin and because he did not disclose it, he was ostracized by bitcoiners. What he did to promote Bitcoin was arguably more than anyone else since.
5206  Bitcoin / Project Development / Re: <Bounty> 1 BTC for the least worded T-Shirt on: January 26, 2013, 10:03:23 PM
I was thinking of a tee with a QR to a blockchain.info address and the text "Steal this Wallet" with small text "good luck with that" underneath.
5207  Other / Off-topic / In stormy times: on: January 26, 2013, 08:00:41 PM
BTCelieving is why we're here. This poll is to express how we cope while watching this angst-ridden child grow.
5208  Economy / Economics / Re: Bitcoin parity: what is a bitcoin worth? on: January 26, 2013, 07:41:47 PM
It would be fun to see an historical chart with Bitcoin vs real things rather than just other money.
5209  Economy / Economics / USD to unpegged currencies on: January 26, 2013, 06:07:15 PM


I don't know all the factors that go into this, but the trend is pretty clear.

Similar trends by countries not engaged in the race to the bottom:

http://www.xe.com/currencycharts/?from=USD&to=PLN&view=10Y
http://www.xe.com/currencycharts/?from=USD&to=MYR&view=10Y

Are these the types of countries that can best benefit from severing themselves from the inflationary currency markets and adopting Bitcoin?
5210  Economy / Speculation / Re: 17 is the new 12 on: January 26, 2013, 01:43:11 AM
[apology mode]
It's not really worth starting a new thread to state what I think is now obvious. Instead, I am going to blatantly ignore the OP to state that I do not believe we will ever see single digit USD prices again.

[/end apology mode]

Bitcoin is Sixteen, going on 17


5211  Economy / Speculation / Re: Bitcoin will never reach $20 again on: January 25, 2013, 11:47:02 PM
Proudhon is one of the most sensible posters on this forum.

I appreciate him for his fidelity. He is not just another lemming waiting for an eagle to get him off the ground. Cheesy And I think a lot of people with similar sentiment are out there (not only Bitcoin, but other places where people try to store value).

Keep in mind the time of this original post was right after the huge crash in 2011 where everyone was saying Bitcoin was done for. It echoes the sentiment of the time.

The only people who thought bitcoin was done for, were those only in it for the profit and not informed enough to understand bitcoin's significance.

The price of bitcoins does not matter for bitcoin the protocol.



I remember those "dark months" after the bubble, where nearly everyone on the forum was spouting the most negative crap. I think people who didn't understand this thing lost a lot of money, and wanted to make the community feel bad about it.

Those of us who stuck through it were the ones who took their profit.  From weak hands to strong. This capital is too important to be in the hands of those who don't understand the potential of this system.

So alot of PR work still needs to be done, no wait I mean time will tell. Isn't it just normal that people lose their faith after catastrophic incidents like in June'11? You can't expect people to use or trust Bitcoin if it changes conditions like a student in Hogwarts on crack. The protocol doesn't care about the price, but why was it created for again? I don't consider Bitcoins usage too geeky, but for the most people it definitively still is something magical they don't even bother trying to understand at its core. So many contrasts in this community, I can only honor.

PR work? While I admire the businesses out there proselytizing the virtues of Bitcoin, ultimately it will be the success of businesses that draws public interest. The incident in 2011 was a paradigm shift for the folks that don't understand Bitcoin, it was one of many to come. As far as lemmings and eagles go, I think one of them nearly did go extinct. Honor if a fine sentiment, but it must be earned.
5212  Economy / Service Discussion / Re: Do you consider OKpay to be trustworthy? Why or why not? on: January 25, 2013, 11:37:29 PM
I'm thinking of using OKPay as it seems to have the only debit card available that is loadable by BTC.
5213  Alternate cryptocurrencies / Altcoin Discussion / Re: Terracoins Price skyrockets on: January 25, 2013, 09:28:32 PM
5214  Economy / Speculation / Re: Bitcoin will never reach $20 again on: January 25, 2013, 08:44:28 PM
Keep in mind the time of this original post was right after the huge crash in 2011 where everyone was saying Bitcoin was done for. It echoes the sentiment of the time.

The only people who thought bitcoin was done for, were those only in it for the profit and not informed enough to understand bitcoin's significance.

The price of bitcoins does not matter for bitcoin the protocol.



I remember those "dark months" after the bubble, where nearly everyone on the forum was spouting the most negative crap. I think people who didn't understand this thing lost a lot of money, and wanted to make the community feel bad about it.

Those of us who stuck through it were the ones who took their profit.  From weak hands to strong. This capital is too important to be in the hands of those who don't understand the potential of this system.

I initially bought in at $14 after the high (i didn't understand the idea of correction at that point, but from the start I understood the fundamental idea of Bitcoin and stayed with it) - I sold out at about $7 due to cowardice, but I still believed and waited for some positive signs and bought back in more substantially at around $3.
I suspect every newbie goes through this at the price point they first buy into  - belief, hope, despair, hope, belief.
Bitcoin is a baptism of fire.
At least we've put the despair part behind us.
5215  Other / Off-topic / Re: Islamic science comeback on: January 25, 2013, 07:51:56 PM
I am waiting for Islamic Evolutionary Biologists to revolutionize genetic engineering in stem-cell research.

Why not petition your own government to legalize this? Banning scientific research for purposes of religion is absurd.
Stem cell research is legal in the US. These are exciting times.
5216  Other / Off-topic / Re: Islamic science comeback on: January 25, 2013, 07:48:38 PM
I am waiting for Islamic Evolutionary Biologists to revolutionize genetic engineering in stem-cell research.
5217  Economy / Economics / Re: US Gov may mint a 1 Trillion dollar coin out of thin air - Hiperinflation? on: January 25, 2013, 07:36:56 PM
I think the $1 Trillion coin is more of a bargaining chip at this point. Or, perhaps more accurately, a threat. "Work with me or I swear to God I'll mint this coin!"

I think it's more desperation, they're basically running out of ideas, I'm looking forward to this year for sure, there will be only one thing they can do soon enough.
I think the coin is more of an intervention in a suicide attempt by a Congress with a 9% approval rating. I say let them jump.
Huh? I thought the coin is a suicide threat. Kind of like:

I think the $1 Trillion coin is more of a bargaining chip at this point. Or, perhaps more accurately, a threat. "Work with me or I swear to God I'll mint this coin!"

Or: "Hey Russians/Germans/whoever, you know how we owe you a ton of goods and services for those paper dollars you've saved over the years? Well if you don't do what we tell you to do, we'll commit economic suicide by triggering domestic hyperinflation, and then we won't owe you anything because your dollars will be worthless bahahahahaha!"

Institutional psychosis.

Kinda like "Hey World, the Euro means a bunch of smaller countries can play the same currency manipulation games as the big countries." In fact, all central bank backed currencies play these games without frontiers.
5218  Other / Off-topic / Re: Who on this list is gone? on: January 25, 2013, 07:21:09 PM
Using the members/search by member option shows that Boss changed names.
5219  Other / Off-topic / Re: (something different) Add to the wordCHAIN Puzzle. on: January 25, 2013, 07:14:07 PM

                                JEITINHO  KAAROO
                                       UPDOG
                                  D     R
                                  ALBATROZ       CRWTH
                                  N     B    PATTAYA
                                  K     L  SNOW
                                     ATTENTION
                                     NORM  ANONYMOUS
                                  TATTOOS
                                     I U
                                     DISEASED
                                     ITS
                                     SEE
                                 CRÉÉE A                                    P
                                     S UKRAINE                              E
                                   P T                                      R
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                                   PUB  E                                  VIŠČIUKAS
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                                  ESTIS A                                   R
                              QUAINTISE R                                   Ė
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                     OVEIPEYOMAI     A                  A
                     N   A  VENT     R                  T
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                     R   HARDIHOOD   A                  ANTICONSTITUCIONALISSIMAMENTE
                     I   E  E  IS    N  A
                     F ACCOUNTANT JUJITSU
                     I   ON C        SOWS
                     C      E        MEAT
                     A                STRAIT
                     B                  A
                    GILIPOLLAS          L
                     L                  I
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                O    BITMONO
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                ALPHABETS


pamamaril is tagalog for hunt
5220  Other / Off-topic / Re: Rose pork brains with milk gravy on: January 25, 2013, 06:08:18 PM
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