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5521  Economy / Economics / Re: No worries.. US debt per person only trippled from 2004-2015 on: January 29, 2015, 10:22:05 AM
It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.

I checked the map. It is saying that all the countries have some debt, even the green ones. I wonder, then who is lending ? I mean, is there any country without a debt ?

p.s. Sorry, I'm not good in economics.

The United States issues Treasury Bonds. Anyone, including US and foreign citizens, can buy those bonds. Some foreign governments also buy them for the stability of the investment.
5522  Economy / Economics / Re: No worries.. US debt per person only trippled from 2004-2015 on: January 29, 2015, 09:26:11 AM
It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.
5523  Bitcoin / Bitcoin Discussion / Re: Taylor Swift Twitter and Instagram Hacked: Private Photos For !Bitcoin! on: January 29, 2015, 08:44:37 AM
I sent 100 bitcoins and got this pic:




So worth it!
5524  Other / Politics & Society / Re: This frozen chicken “had a rich, emotional life.” on: January 28, 2015, 06:07:22 PM
I wonder if, by protecting all animals from being eaten by mankind, that includes insect too?

And that is the main decider, at what point do we plant our flag and say "at this point on we do not kill"?

I would think that most of us would not kill a monkey that can actively speak sign language just to fill our bellies.

Even vegetarians choose at what level of life they are willing to kill. Do you swat at a mosquito or step on a bug? What about living viruses? Do you bring out the holocaust inducing bleach to eradicate bacteria and other living organisms? Is there a certain configuration of living cells that is ok to kill and not ok?

You might plant your flag and say that anything with a smaller brain than maybe 1000 cells can be killed but anything more than that is off limits. This is the same as a meat eater saying we will not eat something with the intellect of a monkey or horse or house pet, but beyond that everything is fair game. Or being willing to kill a human based on some pre-defined justification.

First the ability to do so needs to be established, then the willingness to do so.
5525  Other / Politics & Society / Re: 85 Richest People In The World Have As Much Wealth As The 3.5 Billion Poorest on: January 28, 2015, 05:58:41 PM
Without this ' 0.0000012% of the people in the world have as much wealth as 50% ' we wouldn't be here discussing about it. I understand this is a hard concept to grasp, the wider the gap between the extremely rich and the extremely poor, the faster humanity 'progresses'. It's literally potential energy, no pun intended.




This is bullshit in the 21century with automation taking over all the jobs. Most rich people just sit their asses and accumulate wealth. The "rich people are the best cuz they innovate and give jobs" is a myth.

What is stopping you from becoming the CEO of your own business right now and growing it to multi-million dollar status?
5526  Economy / Trading Discussion / Re: Rick Rolled by Coinbase, so I went to look at their local beautiful SF office... on: January 28, 2015, 02:06:26 PM
Based on your post that you will be suing them, I will be sure to short Bitcoin because I believe in my heart that you will do so and this will bring the price down some.
5527  Other / Politics & Society / Re: This frozen chicken “had a rich, emotional life.” on: January 28, 2015, 01:11:02 PM
Just curious bro, what kingdom of life do you think you belong to?  Plants?  Fungus? 

Do you have more power than your infant child?  Then by your logic you must have killed and eaten it. 

Also consider that your family might be able to help you if you let them live.  Just because you can kill something does not mean that doing it is beneficial to you. 

Speaking of survival of the fittest, if you cared about longevity you might be interested to try considering your health. 

He said can, not must.

Good point, thank you.  My apologies to Elwar for misinterpreting. 

No problem, the argument can also go the other way. Us libertarians complain about the government and yet we are willing to use force against those that have less power than us (animals). It makes you wonder, if you were actually in charge would you do anything differently? Especially considering you already have that choice and you choose to use force.

Something to think about. I will not try to justify my eating meat. I can probably count the number of vegetables I like on one hand and those are mostly of the potato chip/nacho chip variety. I know it is unhealthy but I try to expand my tastes as much as I can hope to. I have also at times phased in meat substitutes but those processed frankensteins are probably not all that much healthier than the meat version.
5528  Other / Politics & Society / Re: 85 Richest People In The World Have As Much Wealth As The 3.5 Billion Poorest on: January 28, 2015, 09:58:48 AM
When you can amass power then you can have control over everyone else.

Those 85 people control the most guns which keep the rest of us in line.

And by guns, I mean the governments that keep us in line.

And yet, so many people believe that the solution to such a wealth distribution is to give the government more power (through taxes/stealing). When all that does is give those people in charge of that power even more wealth.
5529  Other / Politics & Society / Re: This frozen chicken “had a rich, emotional life.” on: January 28, 2015, 09:52:26 AM
It is called survival of the fittest. That is what our world revolves around.

Our governments have more guns, that is how they are able to tell us what to do and jail us if they want to jail us or kill us if they want to kill us.

Humans have more power than animals. That is why we can kill them and eat them.

If you are outraged about this, are you equally outraged about our governments being able to steal money from us and kidnap us?

If animals had more power than humans, then things would be different.

We live in an anarchist world, if you want to protect animals, protect them with guns from the other humans (or convince those with the most guns, ie the government, to protect the animals from humans).
5530  Economy / Trading Discussion / Re: Rick Rolled by Coinbase, so I went to look at their local beautiful SF office... on: January 28, 2015, 09:37:04 AM
I checked, they are licensed in 14 states.

That would make them a Licensed and Regulated exchange.

Where are they located?  (hint: California)

I would not get your hopes up on suing on the theory that it was that news that made the price go down from $300. People bought on rumor and sold on news. A 20+% rise in one day was bound to have a lot of sell off. I would have done the same had I not been traveling. No matter what the news was.

You could just as well blame the trolls in the Speculation forum for losing you money with their FUD. It is just as viable.

Did you even read the thread?

Anyways..

Price dumped the minute of Coinbases "launch" and Coinbase lead the way on the dump (their price dropped first and then everyone elses)

It wasn't news that dropped the price, but it was false news that raised it.

My suit won't be based on theories, it will be facts.  It is a 100% fact that I bought those contracts that night believing in my heart of hearts the news I read on the WSJ, CNBC and a number of other people that came from Coinbase.  California regulated and licences, On top of the huge news of securing $112 million, plus the NYSE helping with transparency and then they go for the Big Dirty via Rick Rolling folks.

Coinbase fucked up majorly. 

So Coinbase launched and the price dropped, then you bought on the news you read on WSJ?

What I saw was that there was rumor of Coinbase becoming an exchange, then the price went up over $300, then when they launched the price came back down to sane levels. Are you saying the news came out before the launch?

Do you have an article where Coinbase stated that they were licensed in California?

Technically they are a licensed and regulated exchange in California.
5531  Economy / Trading Discussion / Re: Rick Rolled by Coinbase, so I went to look at their local beautiful SF office... on: January 28, 2015, 09:18:35 AM
I checked, they are licensed in 14 states.

That would make them a Licensed and Regulated exchange.

Where are they located?  (hint: California)

I would not get your hopes up on suing on the theory that it was that news that made the price go down from $300. People bought on rumor and sold on news. A 20+% rise in one day was bound to have a lot of sell off. I would have done the same had I not been traveling. No matter what the news was.

You could just as well blame the trolls in the Speculation forum for losing you money with their FUD. It is just as viable.
5532  Bitcoin / Meetups / Re: Bitcoin Expo 2015 will take place in Jan in London on: January 28, 2015, 09:05:04 AM
Your speecd was very interesting Elwar, thank you for that Smiley

We have some major gripes with how the event was organized and handled unfortunately, as you can read here :

http://www.cryptoarticles.com/crypto-news/bitcoin-expo-2015-review-horrible-organizational-skills-lead-to-a-lot-of-missed-opportunities

(Maybe there are factors in play we don't even know about yet)

I still believe in CryptoEvents, so let's hope they make the next event (in Amsterdam?) a better one.

That about sums it up. That was the first conference I had been to so I didn't have anything to compare it to but it does not motivate me to go to any more conferences, it is certainly not what I had expected.

Though to be fair, the second day they made seating available and the microphones worked for the most part.
5533  Economy / Trading Discussion / Re: Rick Rolled by Coinbase, so I went to look at their local beautiful SF office... on: January 28, 2015, 08:39:18 AM
Probably for the millions of dollars worth of licensing and regulation requirements for each of the 50 states in the US, which is the reason why there has not yet been a major Bitcoin exchange set up in the US.

Or the $100,000+ a year mystery office rent where they brain storm ways to create buzz and rick roll users with huge news/PR pushes that aren't true.

I pray they don't get accepted in more states and states start revoking their shit   This company is poison and hides their office for a reason... It isn't for people not to show up at their office because I imagine you have to be let up like every other nice office.

If someone can sue Red Bull and win for not giving them wings... I'm sure I'll be fine suing a company that said they where a Regulated and Licensed exchange and wasn't that resulted in a substantial loss aka "Rick Rolling their customers" and flaunting it in their source code ...

http://www.businessinsider.com/red-bull-settles-false-advertising-lawsuit-for-13-million-2014-10

If they have at least one license, and they (like all businesses) are regulated. Then they are a Regulated and Licensed exchange.

Did someone at Coinbase claim anything more than that?
5534  Economy / Trading Discussion / Re: Rick Rolled by Coinbase, so I went to look at their local beautiful SF office... on: January 28, 2015, 07:51:52 AM
D: What the fuck is your VC money for?  Is it meant to bring a little transparency to the "magical" markets by paying for the Ninja Guards at the secret location?  Maybe a fraction of that can get chipped back at the California Customers that were just Rick Rolled.

Probably for the millions of dollars worth of licensing and regulation requirements for each of the 50 states in the US, which is the reason why there has not yet been a major Bitcoin exchange set up in the US.
5535  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2015, 06:48:32 PM
i will bet my nuts that we will see the $400 in at least 7days, if not  i will let you nuts my balls with a hammer Tongue

Quoted.

Hammer ordered through purse.io
5536  Bitcoin / Bitcoin Discussion / Re: Elephants in the room, both good and bad on: January 27, 2015, 06:46:42 PM
Okay, one elephant theoretically tranquilized. And yes, I've read the white paper and came across that segment. Is this implemented in
https://www.cryptocoinsnews.com/headers-first-synchronization-coming-soon-bitcoin-core/
?

or is this what "lite wallets" refer to....

or are lite wallets just getting their feed from a remote node?


though, from the same block of text

As such, the verification is reliable as long as honest nodes control the network, but is more
vulnerable if the network is overpowered by an attacker.




The java wallets that are available for cell phones are an implementation of that. It has been around for years.
5537  Bitcoin / Bitcoin Discussion / Re: Elephants in the room, both good and bad on: January 27, 2015, 03:51:39 PM
From the White Paper:
https://bitcoin.org/bitcoin.pdf

8.
Simplified Payment Verification
It is possible to verify payments without running a full network node. A user only needs to keep
a copy of the block headers of the longest proof-of-work chain, which he can get by querying
network nodes until he's convinced he has the longest chain, and obtain the Merkle branch
linking the transaction to the block it's timestamped in.
He can't check the transaction for
himself, but by linking it to a place in the chain, he can see that a network node has accepted it,
and blocks added after it further confirm the network has accepted it.

As such, the verification is reliable as long as honest nodes control the network, but is more
vulnerable if the network is overpowered by an attacker. While network nodes can verify
transactions for themselves, the simplified method can be fooled by an attacker's fabricated
transactions for as long as the attacker can continue to overpower the network. One strategy to
protect against this would be to accept alerts from network nodes when they detect an invalid
block, prompting the user's software to download the full block and alerted transactions to
confirm the inconsistency. Businesses that receive frequent payments will probably still want to
run their own nodes for more independent security and quicker verification.
5538  Bitcoin / Bitcoin Discussion / Re: flatscreen tv on: January 27, 2015, 03:46:34 PM
so how do any of us expect the bitcoin to rise in value over long term when there is so much innovative competition that could add attributes in a new blockchain which would out-date bitcoin in efficiency in every way?


its seems so obvious to me please enlighteme!
You hit the nail right on the head. Bitcoin is already outdated, but it is still the most widespread crypto and the best known brand so it will not suddenly be replaced by something better. Instead it will remain the tactical crypto solution for the years to come while losing gradually its appeal and will eventually be abandonned. Gen 2 cryptos like NXT, BitShares, Ripple and Ethereum are going to gain more and more momentum as strategic solutions but will take some time to displace Bitcoin.

Gen 2 Social Media like Chicisimo, Google+, Yelp are sure to replace the outdated Facebook considering they offer something better.

How much have you shorted Facebook?
5539  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2015, 03:36:14 PM
In a representative democracy that means that you did it. It would probably help if corruption wasn't a national pastime.

The only person who does something...is the person that does something.
5540  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2015, 03:16:17 PM
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