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541  Economy / Economics / Re: why do people agree to pay taxes? on: February 24, 2015, 02:51:34 PM
.@B.A.S.:
Let's see...  You've joined this forum on the fifth of January, BTC price bounced between $830 & $950 that day.

Good thing you've discovered Bitcoin (Just in time!), and opted out of USD 2%/yr inflationary death spiral Cheesy

You and I both. I'd love to see BTC succeed from both an economic standpoint and a personal one. BTC could be the vehicle that finally educates people regarding how the financial world works and gives them their voice back in how it all plays out in the future.

Losing 60-70% of one's worth seems like a pricey education, but to each his own Undecided


Don't let your assumptions cloud an otherwise unsupported claim.

You referring to "Losing 60-70% of one's worth seems like a pricey education"?  It does seem like an expensive lesson.  You're asking me to substantiate my opinion?

I think I have misread your comment. I took it as a sly remark. I see what you mean now. Yes, it is a pricy education, but those with the balls to attend this School of Hard Knocks stand a very good chance of getting ahead of the stampede.

Know what you mean.  People make snide comments about my vast BTCeanie BTCabies holdings, but I just have to smile.  They don't understand BTCeanies, 'cos they ain't brilliant visionary financiers with balls of steel.  Not like myself Cool
Hang tough, bro!
542  Economy / Securities / Re: HAVELOCK INVESTMENTS - Site will be down for maintenance until further notice. on: February 24, 2015, 02:43:34 PM
^The neg rating I got was from a d00d who called me a troll when I explained to him that he's not going to get his money from Ukyo, and that his trust in Danny Brewster (of Neo and Bee* fame) was misplaced.

Feel free to ask him how that's going Smiley

*Havelock ticker: NEOBEE, lol gone Cheesy
543  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2015, 02:37:46 PM
...
I don't get it.
Do you know who the auction winners will be, at what price they will win the auctions and what they intend to do with the bitcoins?

They will be the ones not buying 50,000 BTC on exchanges.
Get it now?

Sorry,
I didn't know whales used exchanges for these figures.

No, they look for the most expensive & inconvenient way to buy BTC, and then they buy.  Because it's sortofa status symbol with them: "check it, G, I spent more on this Bitcoin than you make in a year lol."
544  Economy / Economics / Re: why do people agree to pay taxes? on: February 24, 2015, 02:30:34 PM
.@B.A.S.:
Let's see...  You've joined this forum on the fifth of January, BTC price bounced between $830 & $950 that day.

Good thing you've discovered Bitcoin (Just in time!), and opted out of USD 2%/yr inflationary death spiral Cheesy

You and I both. I'd love to see BTC succeed from both an economic standpoint and a personal one. BTC could be the vehicle that finally educates people regarding how the financial world works and gives them their voice back in how it all plays out in the future.

Losing 60-70% of one's worth seems like a pricey education, but to each his own Undecided


Don't let your assumptions cloud an otherwise unsupported claim.

You referring to "Losing 60-70% of one's worth seems like a pricey education"?  It does seem like an expensive lesson.  You're asking me to substantiate my opinion?
545  Economy / Economics / Re: why do people agree to pay taxes? on: February 24, 2015, 02:08:56 PM
.@B.A.S.:
Let's see...  You've joined this forum on the fifth of January, BTC price bounced between $830 & $950 that day.

Good thing you've discovered Bitcoin (Just in time!), and opted out of USD 2%/yr inflationary death spiral Cheesy

You and I both. I'd love to see BTC succeed from both an economic standpoint and a personal one. BTC could be the vehicle that finally educates people regarding how the financial world works and gives them their voice back in how it all plays out in the future.

Losing 60-70% of one's worth seems like a pricey education, but to each his own Undecided
546  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2015, 02:06:37 PM
...
I don't get it.
Do you know who the auction winners will be, at what price they will win the auctions and what they intend to do with the bitcoins?

They will be the ones not buying 50,000 BTC on exchanges.
Get it now?
547  Economy / Economics / Re: why do people agree to pay taxes? on: February 24, 2015, 01:53:16 PM
.@B.A.S.:
Let's see...  You've joined this forum on the fifth of January, BTC price bounced between $830 & $950 that day.

Good thing you've discovered Bitcoin (Just in time!), and opted out of USD 2%/yr inflationary death spiral Cheesy
548  Economy / Securities / Re: HAVELOCK INVESTMENTS - Site will be down for maintenance until further notice. on: February 24, 2015, 01:40:10 PM
^Ya, sending more coin to Havelock & keeping it there is the only rational thing to do.
As for me, I can't wait to put all of my coin in Havelock Investment Fund [HIF], because the divs are great, the price's skyrocketing, and I can really trust Havelock.

In conclusion, Canada Panama is a land of contrasts.
549  Economy / Speculation / Re: Has the recent BTER hack affected the bitcoin price? on: February 24, 2015, 01:30:33 PM
...
I disagree. Scammers existed before bitcoin existed and continues to exists. Merchants in US are losing aprox $190 billion a year to credit card fraud. Does that mean that anyone who uses a credit card is a fool? http://www.forbes.com/fdc/welcome_mjx.shtml...

It's not that scammers didn't exist before Bitcoin, it's that Bitcoin lends itself so darn well to scamming.
Imagine if real money was [half-ass] anonymous & mostly unregulated.  Now imagine that the majority of those who used it were paranoid libertarian loons, who wouldn't think of turning to law enforcement for help because paranoid libertarians? 

What do you suppose would happen?  Yeah, that's right, fail & AIDS.  Pretty much what's going on in Bitcoin now.
550  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2015, 12:40:29 PM
^
As does this terminally sick market in its final death throes.
551  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2015, 12:34:14 PM
Public Service Announcement (For Anyone Here Who Is Actually New):

All individuals considering spending any amount of money purchasing bitcoin critically need to understand several important key things about what bitcoin is and how and what other individuals with vested interest in bitcoin will say on this and other forums and "trollboxes" aka exchange chat rooms. The first thing to understand about bitcoin is that millions of bitcoins were produced or "mined" by a very small group of individuals in the first year to two years since the release of the bitcoin software, which was not widely publicized. During this time there was basically no wide scale press announcements, no merchant acceptance, and zero to little monetary value, in fact there were actually no exchanges whatsoever, and there was not any specialized hardware to produce bitcoins with. Of course, it became evident to some that it would be possible to use bitcoin as a "pump and dump" finance mechanism, since bitcoin is denominated in units as other real commodities are, and had a very low value when compared to other commodities. Some primitive exchanges were introduced at this time, and the very beginnings of merchant acceptance began popping up, as the price actually was pushed to dollar equivalency using real money. The first legitimate bubble took the price quickly from $1 to $2 to $32, and then in short order back to $2. It took another 3 years for the price to recover to around $20 in value, as public awareness of the existence of bitcoin slowly grew, and new money flowed in. It was during this time that a darkweb site known as "Silk Road" was operated based on bitcoin, which sold illegal drugs, weapons, child pornography, prostitution, assassinations for hire, and quite possibly funded terrorism. The price rose to roughly $100 per bitcoin as the demand for these horrific products and services was satisfied, and drug money was pumped back into bitcoin. This is also when the computational arms race truly kicked into high gear and powerful gaming rigs with multiple graphics cards dedicated to producing bitcoins were replaced by application specific integrated circuits, or ASICs as they are commonly known. Thankfully, the Silk Road was eventually shutdown - the price of the bitcoin dropped immediately and sharply (though today reincarnations of this dark bazaar now exist). The next critical step forward for bitcoin came in the form of an exchange known as MtGox, which was operated out of Japan by an individual by the name of Mark Karpeles. It was, at the time, the world's largest bitcoin exchange. In the fall and winter of 2013 MtGox fraudulently used an estimated one billion dollars in falsified capital (fake money) injected into their own exchange to illegally purchase an estimated 650,000 bitcoins from their customers off of their own books, and subsequently drove the price from roughly $100 to over $1200 per bitcoin. The exchange closed, citing "hacking" as the reason for their failure to continue to operate, and has to this date not returned to their customers any of their national currencies or bitcoins. At the time of the exchange closure, the approximate "real" market value of the stolen bitcoins approached $700,000,000. Mark Karpeles remains at large. In the aftermath of this massive scandal, the price of the bitcoin plummeted, and has been in a continuing downtrend ever since. To date there have been dozens of other real and alleged hacks and exchange closures frauds and ponzi schemes based on bitcoin, with losses to consumers in the tens of millions of dollars. The true identity of the creator of the bitcoin software is unknown and has been the topic of much debate. It is estimated that this individual possesses nearly 1 million bitcoins, of the roughly 13 million currently in existence, and 21 million total that will ever be produced.

In regards to what people on this forum, other forums, and chat rooms aka "troll boxes" will say to you, it is important to understand that there are a small number of individuals who have made ungodly sums of money from this thing, and there are others who have lost severely. Those with large sums of coins and have the most to gain and to lose with bitcoin typically acquired their bitcoins by purchasing them in the single digit $ range, or by producing them for free within the first year of the release of the software, when it was possible to produce hundreds of bitcoins per day with a simple laptop, or they spent a great deal of money acquiring their coins and may or may not be at a profit at this point in time - these individuals want for bitcoin to gain in value and for you to pay them for the coins they wish to sell, some out of a desire for continued profit, and some out of a desperate desire to recoup losses. Also, it is important to note that at this time, bitcoin is allowed to be traded with "short" and "long" positions on some exchanges, which to put simply means to place a bet leveraged or otherwise on whether the price will move upwards or downwards, much as derivatives markets are traded, and therefore some individuals actually stand to make a profit from the price of the bitcoin going down. Also of critical importance to potential investors is to note that bitcoins are being produced daily, at an exact rate of 3600 coins per day - if all of these produced coins are sold daily it represents a sell pressure of 3600Xcurrent market value, a not insignificant amount. Also of important note to potential investors, is today's prevalence of "bot traders" - put simply, there are automated trading programs being run on each and every exchange currently in operation, which buy and sell 24/7/365, some with deep pockets and large amounts of bitcoins. The people and bots being run by people (and some would argue, bots being run by the exchanges themselves) who possess large amounts of bitcoin and or huge fiat capital are capable of supporting and moving markets. A good piece of advice at this point to anyone interested in bitcoin is trust no one. Trust only what facts you are able to independently verify through your own research.

Wall of text observed. We're finally on-topic again!

Read this kids. Stay in school!

+1.  Great post, should be stickied.
552  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2015, 12:24:56 PM

I'm writing to my Obama--see if we could outlaw Bitcoin companies once and for all.  The few that aren't outright criminals are a drain on our economy, weaseling out of their debts with chapter 11, like the deadbeats they are.
Besides, not like we ever see any tax revenue from those parasites.  Bitcoin lowlifes are all libertarians, so 100% tax cheats.


Good morning, gentlemen.
553  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2015, 03:23:52 AM
^Not quite.  Just as gay tho.  (Google "silverfuture")

554  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2015, 02:53:29 AM
^
555  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2015, 02:42:48 AM
In fact I know way too much about the early adopters that also happened to be singing on the pedo side of life. It's a sad fact of bit history

I'm sure a significant proportion of early adopters of the penny farthing or the flat screen tv were paedos too.

I'm pretty sure you're wrong about that that, at least percentage-wise.  See, Bitcoin's half-ass anonymity (pardon, "pseudonymity") lends itself much better to buying child porn & drugs anonymously than, say, flat screen TVs or penny farthings do.
556  Economy / Securities / Re: HAVELOCK INVESTMENTS - Site will be down for maintenance until further notice. on: February 24, 2015, 02:31:56 AM
.@bubbaj:
First, it's not "they," it's a Canadian d00d going by lightbox.
Second, I have no idea if the time's now, or if Havelock will come back up.  All depends on whether he thinks he'll make more by staying or going.  My guess, if the "financials" released to the suckers his investors are to be believed, time to cut's pretty ripe.
557  Economy / Economics / Re: why do people agree to pay taxes? on: February 24, 2015, 02:17:59 AM
you people are crazy , and i dont know what countries you live in , but in my country we pay it so that we can have free hospitals , free schools , free roads. basically everything that needs to be there for everyone.

Good.  When everyone has a positive reason to fund their government there is no need to force people to pay taxes.  Your country can make its taxes optional, effectively making them "suggested donations", and thereby eliminate some unnecessary bureaucracy.

How about no?  How about I come and live at your house, eat your food, and you make the rent optional?  It would certainly eliminate some unnecessary bureaucracy.
558  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2015, 02:02:31 AM
...
I reported several child porn references to the mods by clicking report and by msg. Result : nothing whatsoever.

Yeah it is a fine line between free speech and censorship. But this is a bitcoin forum. Am I the only person who thinks NLC posting from an alt called 'childpronz' is grounds for being removed from the forum? This place is plumbing new lows.

Goodness, the child porn thing really hit a nerve.  The lady doth protest too much, methinks Undecided

NotLambChop, You are on my ignore but I'm sure by the turbo posts I'm seeing from your handle, you are frothed up in a hot mess again. Don't you think it's time to take a break, maybe puff a jay and just chill? ...

Disgusting Bidcoin pervert:  I've looked up the meaning of "puff a jay," and, to my horror, learned that's what you pedophiles call fellating underage minor children!

Good God, is NOTHING beneath you?  Are you even HUMAN?!
This is just too much!


Don't turn a blind eye!
Help stop Bitcoin perverts!


559  Economy / Securities / Re: HAVELOCK INVESTMENTS - Site will be down for maintenance until further notice. on: February 24, 2015, 01:51:19 AM
...
We will keep you posted on our progress.

Havelock

No need to apologize, Havelock, they really were begging for it.  I mean, sending [what's arguably] money to an unlicensed Canadian Panamanian Anon exchange?   I mean, imagine?
The royal plural is a bit over the top, but it's your show brah, I don't judge.
560  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2015, 11:14:07 PM
An influential, impassioned, and highly intelligent bitcoiner is working to bring the light of reason to all things concerning child abuse. https://www.youtube.com/playlist?list=PLMNj_r5bccUwZY7RCZnS2e5-vjaA7wSNw
...

From the link above:


Good God, how sick are you people?
FILTH!
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