I work in the middle east and I have seen small shop keepers arrange to have the little stretch of pavement outside their shop repaved. My employer (a private sector business) has recently arranged to rip up a speed bump from outside their premises and repave the road. Whilst they was at it, they also repaired the potholes along the entire road alongside their property and clear out the drains. There is a large shopping mall near my British address. They built their own access roads and car parking. Is it such a stretch to imagine that a multistory car park and access roads can be built by private industry but no other form of road can?

Snowdon has given his liberty up in an altruistic way to increase the liberty of all of us. It is bigger than nationalities and loyalties. I don't care what this CIA chief said, if you undermine the CIA should you be killed? They are not Gods, they are not our masters.

"Better dead than red" was a common American slogan. The idea that is worth risking your life to be free from state control. This CIA chief is going against everything that America stands for.

This is backwards. If you have a $20 note the federal reserve owes you $20, not the other way around.

The real problem with fiat currency is the theft via inflation of your savings. This discourages investment which retards economic growth. Why save and invest if your return won't buy anything. Under such a scenario, a rational person will spend the money whilst it is still worth something.

In communism a tiny elite own the factories, not the people. Under such a system ordinary people have nothing approaching what you might call ownership. I own my shoes because I have the right to use them, and the right to deny others the right to use them. I can sell them if I wanted to. A citizen of North Korea owns absolutely nothing.


It depends. Some hedge fund managers can earn something approaching 20 million USD but this is because they have found some people who have agreed to pay them this amount in return for their services. There is nothing unfair about this. Some earning 20K has found someone who is prepared to pay them 20K but can't find someone who is prepared to pay them more. It they could convince someone to pay them more, they would.


Only a few banks where able to find someone to bail them out. Barclays found the Qatari sovereign wealth fund. Bank of America and Goldman Sachs found Warren Buffet. There may have been a few more. The rest of the bailouts where paid for by taxation which is extorted from individuals by the government under threat of violence, imprisonment and/or death. This is not capitalism, it is the antithesis of capitalism.

When difficult questions like this come up, labrat just disappears from the board until the topic of conversation has moved on. Then he reappears.

Knowing how seriously labrat treats his shareholders, he will probably just shrug his shoulders and say "whatever".

Dear all. I am a mathematician and statistician by training and have been involved in a number of quite heavy data analysis gigs in the past. I can work on any projects you have that have an extensive mathematical element as well processing gigabytes of data for whatever purpose you have, statistical analysis for example. I am educated to masters degree level.

I normally bid on online freelance sites but I am posting here to get a little exposure. Bitcoins accepted of course.

Koko

I have. You need proof of id (like a passport) and proof of address. You also need a reference from a professional that states you are of good character. It's not to difficult just frustratingly time consuming.

As the UK continues its trend and sinks further into socialist/kleptocratic poverty, expect this to get more difficult.

Bitcoin as such hasn't changed my position, but investing in general has affect my political outlook.

I now recognise the tyranny of central banking and fiat money. Tax is theft yada yada yada. I have been lead to bitcoin as a result of these. I have also emigrated from a socialist country to a tax haven so it has affected me in that way too.

In their defense, they quoted the Chinese exchange rate as around 1500 yuan per coin which is accurate I think.

The good news: The Kuwait times, an English language paper over here featured a half page spread buried deep wtihin the business section about the growing popularity of bitcoin in China.

The bad news: The article quoted a price of $26 per bitcoin.

Arbitrage opportunity or ignorant journalism?

It wasn't a full liquidation, just the first installment. I have essentially been wiped out on this investment.

Yes, I got the first liquidation payment paid into my coinlenders account and wired that to the wallet on my home computer shortly before the hack.

Since then, nada.

I've been waiting since the 6th of November. I only have around 0.2 BTC on withdrawal though, I feel for you with 14 BTC.

I made a free decision to invest. I face up to the consequences of my actions without running off crying to the police/government/regulator. In a free economy trust is very important. Lesson learned.

I vaguely remember a concept called "economic majority" by which the network can only undergo a huge upheavel like this is a majority of the users agree with it. Who gave the right to the bitcoin foundation to dictate these changes anyway?

I am passionate about the free market. It is my hope that in the event this change is implemented, a fork of the bitcoin project will occur and a huge majority of users will switch to it.

That would be the true if it wasn't for his blase and unapologetic attitude to these issues.

Labrat has shown himself to be unreliable. Bending the rules regarding investor benefits. I intend to hang on to my shares since I only made a small investment which has in turn dropped in value.

As far as I'm concerned, LabRat is a scammer. He isn't paying out the dividends being produced by the new hardware, and he also charged an arbitary transaction fee refered to in the previous post.

I wouldn't invest a single satoshi in anything else he does. I don't care how amazing the business is, or how profitable it is. If LabRat just helps himself to funds as and when he feels like it investors will not get any return.

I am interested in working on a remittance network that transfers fiat from client to client whilst using bitcoins in the back office to settle trades. OF course, you can't have a network with only one person in it. If is interested in joining, PM me.

On a related note, I am also interested in using bitcoins to help small businesses trade internationally.

I don't buy that. You could say the same thing about fiat money, but money changers like Western Union still exist. Such a service would be especially powerfull in parts of the world where bitcoins are not widely known about or used. If you live in such a place and you have access to bitcoins then you could provide a very cost effective service. I would love to team up with a UK based for the purposes of running remittances on behalf filthy rich tax dodging petroleum engineering expats.