Thanks for the response. It's a shame that we would all undercut each other like that. Seems it would be better to just have a gentleman's agreement to not do that and we all benefit.
Anyone who uses purchase_price*0.9 is undercutting. The real price is purchase_price/1.1 Who do I believe? Calling Meni and Organ, we need your help... I have been following notme, but I am a tad retarded...at the moment. Need a mental workout... Given: So, the assumed markup from the public work is 110% Purchase price is 0.000045 Public Work price is unknown PP=PW*1.1 PW=PP/1.1 PW=4.09090909 × 10-5 or 0.0000409 I agree with notme, but, I am still a tad retarded...probably for the rest for the night... Yep, a 10% markup.... multiplying by 0.9 would be equivalent to a 11.1111111111111111111111% markup, which would just be silly. |
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Thanks for the response. It's a shame that we would all undercut each other like that. Seems it would be better to just have a gentleman's agreement to not do that and we all benefit.
Anyone who uses purchase_price*0.9 is undercutting. The real price is purchase_price/1.1 |
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The land isn't gonna drop in value.
But it could be confiscated if you're doing anything illegal on it. Can you tell us how this land will earn you so much money? He needs a lot of space for all his grass. That's what I figured, and if true he's vastly understating the risk involved. |
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The land isn't gonna drop in value.
But it could be confiscated if you're doing anything illegal on it. Can you tell us how this land will earn you so much money? |
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Having a 100GH mining rig will consume the exact same amount of bandwidth as 1 GH today, once difficulty goes x100.
This is not true if you mine at a pool that expects difficulty 1 shares, as most do. |
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And that's why it sucks  It's actually not from Nokia... Nokia bought out it's creator (Trolltech) in 2008 and hasn't changed much since. |
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Hey, anyone know where I can buy non-spoiling firewood? I want to diversify.
Just keep it in your basement. As long as it stays dry and insect free it will be fine for decades. There's only so much wood, so I bet a decade from now I'll make a killing off my firewood position. Even better, plant some trees. Then your wood holdings will grow. Now you're just being reestarded. Thanks for the compliment: http://www.urbandictionary.com/define.php?term=Reestard |
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Every piece of current money in existence today is created by this mechanism of debt loaned into existance.
Except bitcoin, or gold, or silver, or chickens, or ... Maybe you mean fiat money, but the term money means anything that is accepted as payment in a given socio-economic context. |
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bitcoins stable at 5.00 for weeks now.
You have looked at the price in a few days have you? |
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Hey, anyone know where I can buy non-spoiling firewood? I want to diversify.
Just keep it in your basement. As long as it stays dry and insect free it will be fine for decades. There's only so much wood, so I bet a decade from now I'll make a killing off my firewood position. Even better, plant some trees. Then your wood holdings will grow. |
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uhhhh, $32/# copper...I would say YES! That's totally a good price. cool, how much do you want? If you can accept bitcoin and include shipping, I'll take 1 ounce. That stuff is going to the moon, 1 oz is all you need. |
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Hey, anyone know where I can buy non-spoiling firewood? I want to diversify.
Just keep it in your basement. As long as it stays dry and insect free it will be fine for decades. |
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Thats some curious information.... I wonder what happens if every fiat currency collapses as in I wonder if the graphs would stay the same? (assuming they collapsed at the same time)
You know like comparing crappy currencies with other crappy currencies -- (I hope my questions makes sense)
Sure, but that's not how it happens... they take turns. Look at the 5yr DXY chart.... up then down, then up, then down. But we haven't really gone anywhere. |
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uhhhh, $32/# copper...I would say YES! That's totally a good price. |
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Real economics friend. Look into it.
I hope you come back and apologize once the upward pressure stops, probably a week before the 4th. PM me if it does stop and I don't. Edit: Although I won't be apologizing until we at least see how the week following the 4th plays out. If we do have upward pressure until then, we will be long due for a correction. |
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Thanks notme, I didn't know of such a USD index thing.
Read this if you want to know more about what it means: http://en.wikipedia.org/wiki/U.S._Dollar_IndexIt's only one way of measuring the strength of the dollar, and it is most useful for assessing relative international purchasing power. Another way to measure would be to look at commodity prices. Prices up means dollar is down, prices down mean dollar is up. But, it's all relative, so each measure has a useful niche. |
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Care to give another explanation for the sudden increase? I'm sure the nearly 20% increase in BTC price since this thread started is just a big coincidence? Same with last New Year's Eve or leading up to April 20th of this year, right? Also, it doesn't take much to "see the entire bitcoin economy increase in value by 10 million dollars." It's not like someone would have to dump 10 million dollars into it... Supply and demand friend. Look into it.
Care to give an explanation for the previous stability while the userbase, transaction volume, transaction size, and hashing power all grew? What your seeing is the market finally busting out of the stranglehold the day traders had on it. It had nothing to do with this thread, or the 4th of July. Also, the EUR and GBP charts have been leading this rally. I don't think the Brits are too keen on celebrating the 4th of July. If you sell your bitcoins for GBP right now, and convert them to USD, ignoring fees you are looking at $6.12/BTC. For EUR, you're looking at $6.06. Real economics friend. Look into it. |
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