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61  Bitcoin / Bitcoin Discussion / Re: Payment Address on Plastic "Credit Card" on: October 08, 2011, 08:41:23 AM
make the card with a magnetic stripe, qr code, text and any other ways of displaying information.
62  Bitcoin / Bitcoin Discussion / Re: Satoshi's 20,000 BTC? on: October 08, 2011, 08:14:00 AM
yet another reason why we need a new system that punishes people that hoard.

i firmly believe that you should not be able to make money simply by having money, it just does not make sense to me. and others think the same, the Christians thought it was usury and the Islam people do too. i think it is a broken system, and needs to be stopped inside the currency its self. although i don't know how loaning would work. but i always go by the principal of save instead of get credit for it. for a rough example

take a 165k house for 360 months loan or 30 years at 7% interest. you would pay about 1100 a month. however if you took that 1100 a month and stashed it away every month for 150 months, you could buy that house right up front, and not give any money to the banks.
http://en.wikipedia.org/wiki/Islamic_banking
http://en.wikipedia.org/wiki/Usury

Calls out people for hoarding bitcoins, then suggests people hoard fiat currency....

Also, have a look at the Time Value of Money as to why interest rates are charged (What else could a bank/individual be doing with that money if they didn't loan it to you and what kind of return could they be getting investing in a business, making widgets, etc.) As a person or bank, why would I loan you money on the hope that I someday get back only the amount I loaned you? One of the complaints of our economy currently is small businesses can't get loans to raise inventory, invest in PP+E, etc, why would you take away the ability for all of these people to get loans? Loans, interest and debt are not bad things if used correctly and are a necessary tool of business.
Interest has been around since the earliest ideas of money and even in most usury systems it was only frowned upon to charge interest to members of the same ethnic group you belonged to, and in Islamic laws instead of charging interest they engage in profit sharing, joint ventures and cost plus...a rose by any other name.....
http://en.wikipedia.org/wiki/Time_value_of_money/

Also, in your example that's 12.5 years of savings to get a house assuming that in your system there is no interest to be had by saving that amount of money. So now they've had to wait for 12.5 years before buying the house (where did they live for those 12.5 years and did it cost them anything?) and even though interest might not exist in your system, would the home value have appreciated even slightly?

you make some very valid points. but if the small businesses cant get loans now, why would it matter anyway?

and in my example, the numbers were high for a first time home buyer. first time home buyers would not need a 165k house. you could live at home with your parents, or a cheap apartment. if you cant afford to save for the house, you cant afford it anyway.

and i do agree that some loans are beneficial. but if it will take you more than 2x the money and time to pay it back, i see it difficult to justify.

another example

you net 50000 a year yourself
the max you really should spend on housing is 30% i do believe.
30% of 50000 is 15000 or 1250 a month.
in my area you can easily get an apartment in a good area for 1000 a month, or even 700 and be "living fat".
if you don't squander the rest of your income you should have 750-1000 a month to save for a house, spending no more than around 1700-2000 a month on any housing

once you figure in housing you pay for while saving, sure its a worse situation, but its definitely doable.

You missed the point.

The point is, you're saying that people who save money should be punished, and then describing scenarios where someone might save money as a good thing. You seem to be terribly confused.

its bad when you hold like 10% of an entire currency when you obtained it for literally pennies on the dollar, probably way less

and that fact alone, among many others is why i would never invest any real sums money into bitcoin.
63  Bitcoin / Bitcoin Discussion / Re: Paypal Strikes Again, This is an Opportunity for BTC to Prove its Value on: October 08, 2011, 08:10:27 AM
Ugh... I feel the need to remind people that radiation is not additive; that is, concentrated radiation is lethal, and if all the background radiation were added together it would be enough to kill millions of people.  That doesn't mean background radiation is bad.
Why don't you stop eating bananas!?

yep yep, and one of the most expensive ways to make things not radioactive is to mix a ton of inert material into the radioactive material in such a way that it will be difficult to get back out.
64  Bitcoin / Bitcoin Discussion / Re: Bitcoin with Immanuel - Project Mainstream, Phase 1 on: October 08, 2011, 02:57:52 AM
Instead of criticizing Alex, why not make your own videos?

far easier to capitalize from an already very known persons success than to create your own success i guess.
65  Bitcoin / Bitcoin Discussion / Re: Chinese are gathering on the street to support the Occupying Wallstreet on: October 08, 2011, 02:56:37 AM
i do believe communism is an economic system. in the US we have a "mixed" system, as do the Chinese. i think it would be a little rash to say that the US is technically more communist than china, but i wont say that for too long. if we keep passing shit like "no incandescent light bulbs" we will be communist. however in china none of that bs happens. they do what they want when they want, as long as you are not against their government it goes.

as i have said in the past, i would like to live in "limbo" where i am able to communicate with other countries, but not bound by any law, but where i protect others and they protect me because we share the same ideas.
66  Bitcoin / Bitcoin Discussion / Re: Mappers vs Packers. Why Most People Don't Get Bitcoin on: October 08, 2011, 02:48:11 AM
i see 4 classes of people when it comes to these sort of things

the intelligent
the creators
the controllers
the tools

the intelligent are the people that understand things at a low level, like how bitcoin works, and cryptography and other things. they want to know how stuff works. this would describe most people who understand bitcoin, as they love to learn about things. even if they disagree. they question everything. if you tell them to do something, they ask why and what for.

the creators make the stuff that intelligent want to understand, like bitcoin and cryptography and such. they get shit done. this describes people that made and develop bitcoin. when they fell their rights have been infringed, they fight. they also fit into the intelligent.

the controllers use the products of the above 2 classes to control the tools, mostly the 2nd class. they are people like the government and other very high level positions with a lot of authority and influence.(verisign the president, although he kinda fits as a tool too.)

the tools are the people that don't care or are too stupid or don't care about anything. they drift through limbo their entire lives not really understanding anything, controlled by the controllers. they do without asking why.

i gave only electronic examples, but there are plenty of non electronic examples.

its a sad but true reality.
67  Bitcoin / Bitcoin Discussion / Re: Bitcoin with Immanuel - Project Mainstream, Phase 1 on: October 08, 2011, 12:43:32 AM
i have opinions on the subject i will not state in this post.

although i think its a good first step to get the word out.
68  Bitcoin / Bitcoin Discussion / Re: Paypal Strikes Again, This is an Opportunity for BTC to Prove its Value on: October 07, 2011, 11:54:31 PM
just to clear up any confusion with nuclear, it simply is not the solution.

the number 1 problem is what do you do with the waste.

other than that i think nuclear is perfect safe, just not the waste, and because of that, i would never advise anyone to use it. of course if you have a cost effective solution please state it.

and my on topic response

i think this is really great. the current banking system does not work well. it has little to do with corruption, it simply is very difficult for consumers to use, 3 days+ for bank wires? thats just silly when you can have bitcoins securely transferred in 60 minutes.
69  Bitcoin / Bitcoin Discussion / Re: Satoshi's 20,000 BTC? on: October 05, 2011, 11:19:13 PM
yet another reason why we need a new system that punishes people that hoard.

i firmly believe that you should not be able to make money simply by having money, it just does not make sense to me. and others think the same, the Christians thought it was usury and the Islam people do too. i think it is a broken system, and needs to be stopped inside the currency its self. although i don't know how loaning would work. but i always go by the principal of save instead of get credit for it. for a rough example

take a 165k house for 360 months loan or 30 years at 7% interest. you would pay about 1100 a month. however if you took that 1100 a month and stashed it away every month for 150 months, you could buy that house right up front, and not give any money to the banks.
http://en.wikipedia.org/wiki/Islamic_banking
http://en.wikipedia.org/wiki/Usury

Calls out people for hoarding bitcoins, then suggests people hoard fiat currency....

Also, have a look at the Time Value of Money as to why interest rates are charged (What else could a bank/individual be doing with that money if they didn't loan it to you and what kind of return could they be getting investing in a business, making widgets, etc.) As a person or bank, why would I loan you money on the hope that I someday get back only the amount I loaned you? One of the complaints of our economy currently is small businesses can't get loans to raise inventory, invest in PP+E, etc, why would you take away the ability for all of these people to get loans? Loans, interest and debt are not bad things if used correctly and are a necessary tool of business.
Interest has been around since the earliest ideas of money and even in most usury systems it was only frowned upon to charge interest to members of the same ethnic group you belonged to, and in Islamic laws instead of charging interest they engage in profit sharing, joint ventures and cost plus...a rose by any other name.....
http://en.wikipedia.org/wiki/Time_value_of_money/

Also, in your example that's 12.5 years of savings to get a house assuming that in your system there is no interest to be had by saving that amount of money. So now they've had to wait for 12.5 years before buying the house (where did they live for those 12.5 years and did it cost them anything?) and even though interest might not exist in your system, would the home value have appreciated even slightly?

you make some very valid points. but if the small businesses cant get loans now, why would it matter anyway?

and in my example, the numbers were high for a first time home buyer. first time home buyers would not need a 165k house. you could live at home with your parents, or a cheap apartment. if you cant afford to save for the house, you cant afford it anyway.

and i do agree that some loans are beneficial. but if it will take you more than 2x the money and time to pay it back, i see it difficult to justify.

another example

you net 50000 a year yourself
the max you really should spend on housing is 30% i do believe.
30% of 50000 is 15000 or 1250 a month.
in my area you can easily get an apartment in a good area for 1000 a month, or even 700 and be "living fat".
if you don't squander the rest of your income you should have 750-1000 a month to save for a house, spending no more than around 1700-2000 a month on any housing

once you figure in housing you pay for while saving, sure its a worse situation, but its definitely doable.
70  Bitcoin / Bitcoin Discussion / Re: Satoshi's 20,000 BTC? on: October 05, 2011, 08:05:04 PM
yet another reason why we need a new system that punishes people that hoard.

i firmly believe that you should not be able to make money simply by having money, it just does not make sense to me. and others think the same, the Christians thought it was usury and the Islam people do too. i think it is a broken system, and needs to be stopped inside the currency its self. although i don't know how loaning would work. but i always go by the principal of save instead of get credit for it. for a rough example

take a 165k house for 360 months loan or 30 years at 7% interest. you would pay about 1100 a month. however if you took that 1100 a month and stashed it away every month for 150 months, you could buy that house right up front, and not give any money to the banks.
http://en.wikipedia.org/wiki/Islamic_banking
http://en.wikipedia.org/wiki/Usury
71  Alternate cryptocurrencies / Altcoin Discussion / Re: A blockchain with a hashing function doing useful work on: October 04, 2011, 02:46:58 AM
heres what i think, nobody has ever proposed a system that will work in a decentralized way, that does "useful work". every proposition has been, "hey lets do protein folding!". please tell me how that would ever work? i am not saying there is no way, i am saying nobody has yet thought of it yet, or at least to what i have seen.
72  Bitcoin / Bitcoin Discussion / Re: [NPR] Did A Reporter Just Solve A Bitcoin Mystery? - Satoshi Found? on: October 04, 2011, 02:09:53 AM
your wrong, I AM SATOSHI NAKAMOTO.

but to be serious, if his real identity is found, gradz.
73  Alternate cryptocurrencies / Altcoin Discussion / Re: Inter currency trade of p2p currencies should be p2p on: October 04, 2011, 02:01:42 AM
as i see it now, p2p currency exchanges require you to trust the other user if you go first. i have yet to see a model where you do not have to trust the other party.
74  Alternate cryptocurrencies / Altcoin Discussion / Re: A blockchain with a hashing function doing useful work on: October 04, 2011, 01:59:22 AM
hashing for bitcoin is useful work, it helps secure the network against attacks. therefore it is more useful than folding@home, simply because without a monetary system, folding@home itself would not exist, although not because of bitcoin.
75  Other / Off-topic / Re: sending keystrokes from one computer to another on: October 01, 2011, 07:14:17 PM
so aside from the pointless ramblings of don't get infected, there is no solution for me to emulate a keyboard to send keystroke?

Maybe mentioning which OS your are using on both boxes would help.
If you are under linux, you can simply echo your password in the serial port device (/dev/ttys0 or whatever it named on your system) and it will simulate keystrokes provided that both ends use the same baud rate and framing. I haven't tried with USB, but that should work just the same.

i use windows on the main machine, but i can instal Linux on the other if needed. although i am a novice Linux user and would not know how to configure it, so it would probably not be a secure as a windows machine i set up. although i have started getting a feel for it, so i could adjust, and probably should so i can use both.
76  Other / Off-topic / Re: sending keystrokes from one computer to another on: September 29, 2011, 06:51:40 PM
so aside from the pointless ramblings of don't get infected, there is no solution for me to emulate a keyboard to send keystroke?
77  Bitcoin / Bitcoin Discussion / Re: whitehouse.gov petition to allow for competing currencies on: September 29, 2011, 02:41:06 AM
i was under the impression that it was perfectly legal to use any currency you want, although debts must be paid in USD unless otherwise arranged beforehand. if you get ordered to pay money, it must be in USD. another funny example, if your car get impounded, by law they are required to take USD regardless of its form, so a few people have opted to pay in pennies, and by federal law, they are required to accept it, because the debt was not prearranged, or something along those lines. this is to protect you from absurd requirements to pay in silly things like half nickels and half dimes or some other crazy way, at least that's how i see it.
78  Other / Off-topic / Re: Electrical Cosmology Theory on: September 29, 2011, 12:25:24 AM
some notes on the sun from the video

the surface of the sun is several orders of magnitude cooler than the outer atmosphere around the sun, not prooven by traditional means, but rather electric means. sure, i can buy that, it seems reasonable.
the particles the sun emits get faster as they move away from the sun, they are charged, and therefore are affected by the suns electrical field or something, reasonable. however i could see some other process explaining this.
they claim that the process of nuclear fusion has never been done in a lab before. i think i know the reason for that. i think its because the process needs to be big enough to be self sustaining, and you cant do that because you would destroy the earth or something. that or because we cant compress enough material together to create that reaction.

but dont get me wrong, i like the video, it makes you think about why you are probably wrong, and i agree with that with the evidence they give.
79  Other / Off-topic / Re: Electrical Cosmology Theory on: September 28, 2011, 11:51:21 PM
so this is what the article is saying, from what i understand

the earth once orbited saturn
saturn was once its own center of its own little system?
saturn drifted near the sun and got "captured"?
earth somehow got knocked out of saturns orbit and into the suns orbit

eh i guess its possible. one of my teachers thought the earth once existed somewhere else. although the theory of nebular hypothesis is more likely if you ask me. thats why the hard planets are near the center. and the gas planets are on the outside.

Quote
If the Earth was to orbit inside the plasma coma of a brown dwarf star, it would be shrouded in a constant red glow (perfect for plant growth), while a constant water/hydrocarbon rain poured down on the planet.  Gee, that would also explain how the earth got its vast oil and gas reserves too!

what is a hydrocarbon rain? how is it made, where is it from? where did life on earth start, red light does not make life, and i will bet you on that.

i do agree that our current understanding of physics will change, the story on neutrinos could possibly prove this point.

as for the video, i dont know, i have not watched it entirely, but i find some things in it interesting.
80  Other / Off-topic / sending keystrokes from one computer to another on: September 28, 2011, 11:26:20 PM
heres what i would like to do

i want to have keepass set up on an offline computer to send passwords via usb or some other cable to a computer to log in. it does not need to be keepass, but it would be nice and easy if it was since all my passwords are in keepass already.

is this possible? it doesn't need to be usb, and i don't really want to use a VNC.

i want to do this to avoid one of the biggest problems with keepass, if my computer were to get infected, it would be very bad because the password DB could easily get stolen, along with all of my accounts.
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