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5921  Economy / Speculation / Re: Is it a good idea to buy Bitcoin now at $29? on: February 21, 2013, 07:08:56 PM
Wriggly and squirmy troll is wriggly and squirmy.
5922  Economy / Speculation / Re: I call myself out of this game. on: February 21, 2013, 07:06:22 PM
Relevant chart:




I own a airplane ??   Sweeet !!!!

Sure you do.



You should ask for a ride.
5923  Other / Off-topic / Re: My 2,000 BTC is all gone :( on: February 21, 2013, 06:51:55 PM
Except you guys have something we don't: A decent public transportation system. Ours sucks, and is expensive as hell, so we have no choice but to drive everywhere. Plus everything here is so far apart, that working 30 to 60 minutes away is considered normal. Think of what you spend on buses and trains there, and that's pretty much what we spend on cars (plus maintenance).

Hah, their public transportation is as expensive as hell too, it's just subsidized by taxes so the general public don't notice.

Actually... true. We subsidize roads and drive on them with private cars and trucks, and they subsidize rails and ride on them with private trains... I like trains more though.

True. Though I'd like to eliminate all subsidies. However, besides the subsidies, they also penalize driving heavily. Petrol tax in the UK is around 80% of the cost. Yet still people are buying bigger cars and ever more of them. When I was a kid, in the road I grew up in, everyone parked in their driveways. Last time I went back, it was impossible to find a place to park on the road.

The truth is that public transport generally sucks and often doesn't provide the advantages that one would think (you have to run that bus service, even if nobody uses it so you end up running a vehicle that uses three times the fuel of a car for no reason). It's a solution to a problem which doesn't really exist anymore in the first world and the only solution it is good for (disengaging the passenger from the process of manipulating the vehicle) will be solved in a matter of years (also opening a solution to the issues regarding electric vehicles and allowing a sharing of vehicles for those who don't  need or want to own).
5924  Economy / Speculation / Re: Is everyone on the edge of their seats? on: February 21, 2013, 06:38:36 PM

We shouldn't fight FRB, it happens naturally in any currency system. However, we should demand audits on entities who store BTC long-term that have the capability and a profit motive to engage in FRB.

Nah, all we need is those entities to be up-front that they are offering FRB and for people to understand the risks. Anything they can offer up to mitigate those risks should be considered as well but not necessarily required.
5925  Economy / Speculation / Re: Is it a good idea to buy Bitcoin now at $29? on: February 21, 2013, 06:12:59 PM
I think holding an investment for two years and taking a 10% loss is a bad deal, but maybe you and I invest differently.  On top of that, the price could still tank at anytime, further wiping out the investment.



So calling you out on using the term "holding the bag" incorrectly becomes an insult against my investment strategies? What are you on?
5926  Economy / Speculation / Re: Sorry to inform you, the current rally is over now... or very soon. on: February 21, 2013, 06:11:32 PM
Any second, any second... Wait for it... any second... here we... any... any... just about nnnnn.... any second... keep watching... keep watching... Here we ggggg.... any moment, right about right nnnn... it's right on the edge... here it cccc... don't look away... one little... just one... any second... It... is... going... to... happen... five... four... three... two... one and a half... one and a quarter... one and three sixteenths... here it... here it... nearly...
Just need someone to buy up those last 8000 BTC:



*Checks bank account* Not this day, methinks.

It was more a poke at the suggestion the rally would be over soon. Though it also works well non-ironically for $30
5927  Economy / Speculation / Re: BTC Fiat Value & "the Satoshi era" on: February 21, 2013, 06:05:44 PM
Satoshi <3 Streisand.
5928  Economy / Speculation / Re: Sorry to inform you, the current rally is over now... or very soon. on: February 21, 2013, 05:56:55 PM
Any second, any second... Wait for it... any second... here we... any... any... just about nnnnn.... any second... keep watching... keep watching... Here we ggggg.... any moment, right about right nnnn... it's right on the edge... here it cccc... don't look away... one little... just one... any second... It... is... going... to... happen... five... four... three... two... one and a half... one and a quarter... one and three sixteenths... here it... here it... nearly...
5929  Economy / Speculation / Re: Is it a good idea to buy Bitcoin now at $29? on: February 21, 2013, 05:51:18 PM
No, Its a terrible idea. Don't end up being a bag holder like those people that bought at $32, 2 years ago.

evolve, you for some reason forget, again, that those "bag holders" from 2 years ago can now close their position at (almost) no loss if they so desire. 2 years is a medium term investment. And also, according to wikipedia, The term bagholder is an informal slang term used in U.S. financial markets to refer to the shareholders left holding shares of worthless stocks. Who is holding worthless anything here?

So, that just means that whatever you are saying is just completely wrong and makes zero sense. Think about it next time. Yeah, and I'm sorry you are not in on the ride, just don't post wrong information and we'll be kind to you. We need funny crash believers here.



There is no guarantee those investors will EVER be able to sell those BTC for the price they paid for them, much less a profit.  The price could tank at any point, and you are naive if you believe otherwise.

The worthless part comes if and when the next real crash hits.

So,  unlike those who bought at $32 who would currently be able to cash out with a mild 10% loss.
5930  Other / Off-topic / Re: My 2,000 BTC is all gone :( on: February 21, 2013, 05:17:58 PM
Except you guys have something we don't: A decent public transportation system. Ours sucks, and is expensive as hell, so we have no choice but to drive everywhere. Plus everything here is so far apart, that working 30 to 60 minutes away is considered normal. Think of what you spend on buses and trains there, and that's pretty much what we spend on cars (plus maintenance).

Hah, their public transportation is as expensive as hell too, it's just subsidized by taxes so the general public don't notice.
5931  Economy / Speculation / Re: Is everyone on the edge of their seats? on: February 20, 2013, 10:33:55 PM
Bitcoin can be combined with fractional reserve banking.  It's monetary base inflation to infinity that it kills.

I don't see how they could coexist in the long run if Bitcoin keeps growing at this rate. Bitcoin will crush FRB if left to its own devices.

Define FRB. The kind I'm aware of is not incompatible with bitcoin.

I do think Bitcoin could hasten the onset of hyperinflation. If it becomes a mature and respected method of payment, the government may have to accelerate printing to cover its debts (which doesn't work in the long term). Looking at hyperinflation in the Weimar republic, it's possible that Bitcoin is introducing a factor that was otherwise missing in our current scenario compared to that one.
5932  Economy / Speculation / Re: BITCOIN and SILVER PARITY REACHED! on: February 20, 2013, 08:14:29 PM
On another side note: I don't understand the whole: "it has value because work was put in"-thing. Maybe the fact that it requires a lot of work to extract bitcoin/silver is result of i's scarcrity, but its value is not a result of the work you had to put in to get it. I've asked this question ("why would the fact that much work was put into producing something mean that this something has value? I can't get the work back out, can I?") to some silver guys and the answer was: "But you can sell that silver and get energy back for it, tadaaa!". That's false again: you can probably buy energy for silver, but not because energy was used to mine the silver but for other reasons. A counter-example can easily be constructed.

Exactly. What if you do all that work and all you get is a pile of rocks? What if you're walking to the site and you stumble over a big nugget of silver (Well, it has happened with gold. I'm not sure if it can with silver).
5933  Bitcoin / Hardware / Re: Help with choosing a UPS / power conditioning setup for 4xAvalon V1 machines? on: February 20, 2013, 08:11:13 PM
It depends. Hopefully the devices themselves have some kind of regulation. Many things you plug in contain a 5V regulator and will happily run off quite a wide range of voltages.

In fact, it wouldn't surprise me if that's what the Avalons themselves do. Though they likely use the 5V rail from the PSUs. I don't see that they probably have much use for 12V. Do not take any actions based on this without verifying for yourself though. Standard disclaimers apply.
5934  Economy / Speculation / Re: Is it a good idea to buy Bitcoin now at $29? on: February 20, 2013, 04:11:19 PM
No way to tell. I'm continuing to hold the bitcoins I have though so I think things will continue to go up. But I am in for the long haul.

Right now, you could do worse than buy 3 or 4 at this price. The risk is low but if prices rise, you'll feel some benefit and get to be as smug as the rest of us Cheesy

5935  Bitcoin / Hardware / Re: Help with choosing a UPS / power conditioning setup for 4xAvalon V1 machines? on: February 20, 2013, 03:26:18 PM
Wait a second, what kind of power do these devices need anyway? Could they be run directly from battery (with a simple top-off charger running to supply the current)? Though I guess it would still need a UPS for the controlling computer.
5936  Other / Off-topic / Re: My 2,000 BTC is all gone :( on: February 20, 2013, 02:41:08 PM
Careful with the MPG since the British gallon is larger than the US gallon. The newer cars are also not getting the same mileage as the older ones. Mine is a 2000 and I'm getting just a touch over 45 to the gallon. Mostly I like it because I can go nearly 700 miles on a tank which, for me, means only stopping once a week to refuel.

Thanks, I'll try to remember this and get an old of a certified used as possible.

You may not want as old as possible. Diesels have been around for a long time and the older ones were missing some modern improvements (Anything without a turbo is a no-deal in my opinion). The ALH engine seems to be pretty well regarded though. I was actually going to retire this one but my newer car has developed an engine issue so I'm driving this one until the weather gets better and I can take a look at it but I'm really enjoying being back in it (Turbo, manual and economy goes a long way vs 4.0 raw power) and I'm going to spend some $$$ bringing it back to a nice condition (it has 210,000 miles on it).

I would actually love a TDI sportswagon but I'm having trouble finding one in a manual and at the right miles/price. Plus VW seem to be going with a really lame selection of colors these days (I blame the American public. Everyone seems obsessed with resale value which means black, silver and white Sad )
5937  Other / Off-topic / Re: Google+ people you may know. on: February 19, 2013, 10:49:51 PM
Earlier today, I went to post a review on a Google Play app and it insisted I needed to create a Google plus account to do so. **** that. Google needs to be slapped down a peg or two.
5938  Other / Off-topic / Re: My 2,000 BTC is all gone :( on: February 19, 2013, 10:46:50 PM
Careful with the MPG since the British gallon is larger than the US gallon. The newer cars are also not getting the same mileage as the older ones. Mine is a 2000 and I'm getting just a touch over 45 to the gallon. Mostly I like it because I can go nearly 700 miles on a tank which, for me, means only stopping once a week to refuel.
5939  Economy / Speculation / Re: Is everyone on the edge of their seats? on: February 19, 2013, 09:31:24 PM
For me, it's not so much the 30, it's the teasing it's doing hanging around in the 29s. Really, I'm in this long-term and couldn't really care what it does until the bitcoin economy gets more solidly established. It's fun though.
5940  Other / Off-topic / Re: My 2,000 BTC is all gone :( on: February 19, 2013, 09:27:41 PM
I feel cheated, they didn't go with a *poof*, more like a vroom (though in this case, probably a whirrr).

Not a huge fan of the Prius. Was looking into one and ended up going with a TDI Jetta. Nice economy and you also get the vroom.
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