Not selling. Just might buy some more on a correction.
By itself, this doesn't necessarily mean much but if it stabilizes for a while, it's some vindication of the confidence many have.
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The price of bitcoin is at this moment above 15; 15.57 to be exact.
What does this mean to you?
All things happen in fives, or are divisible by or are multiples of five, or are somehow directly or indirectly appropriate to 5. The Law of Fives is never wrong. —Malaclypse the Younger, Principia Discordia, Page 00016 I see it's been proven again. If you take the 5s from the numbers in that sentence, you are left with two ones and a seven. If you take the ones from the seven, you get five. It's inescapable.
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If you read about it here, it's probably already jumped the shark. You need to get involved in the subcultures to hear about things while they're still fresh.
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Well, lets add to the list then. I think a concise definition may be difficult to pin down. Actually now I'm interested in the social net question. Can there be a government funded social safety net consistent with "capitalism"? I'll make a spin off thread.
Shortcut to the answer: Is theft consistent with capitalism. I guess it depends what your definition of consistent is. Remember, there was capitalism even in communism. In many ways, it's incorrect to call capitalism an ism.
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I had the CB talk from a passing taxi come out of my stereo speakers once.
I was worried this thread was going to be some shitty Peter Frampton reference for a minute but I think it has promise.
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Do you think government employees work for a sense of morals and duty, or do they work to earn a living?
I challenge your assumption that government employees have to work to receive their living ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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ghetto subscribe.
Needs explanations of inflation and deflation.
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Anybody know why the worlds most hated company doesn't change its name? OK it's been a lot of work to create a name that millions of people associate with slow painful death for all living things.. but why would such an image be desirable? I don't get it. Because they don't care about people or what they think? The government ensures that the $$$ keep rolling in.
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I found an example on the web, pictures are worth a thousand words.
Wow, I've seen a couple like that, I just assumed that the foam was insulation and was just yet to be covered by the board. I have to say, I'm not fond of a lot of modern houses. Modern materials and techniques look like they've just come out of the printer from the CAD program, none of that slight non-uniformity that gives a house character.
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Are we back to nukes, then? Suicide bombers happen now, you know. (might want to ask yourself why they do that, too)
It might be interesting to ask ourselves why more people don't actually do that.
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If ever there was a poster child for the perils of allowing government to meddle, it's Monsanto.
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lol how did this thread turn to construction? It does make you think though? How the hell can we keep our homes secure against hurricanes and tsunamis? I wonder if steel is a good option? Though that seems like it would have problems as well.
The places that are serious about storms build their houses (or at least one room) with cinder block walls, reinforced with rebar, and filled with concrete. Next best thing to digging into the side of a mountain. Safety from a tsunami actually requires a whole different design strategy: make way for the water. The truth is that for the vast majority of us, it's not worth making our homes secure from hurricanes and tsunamis. I'm probably more likely to be killed on my way home tonight than I am of ever being killed by a hurricane in my home. And a tsunami would have to be going some to reach Tennessee. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Yes, but that store need not be long-term. Did you play that island game MoonShadow linked to? You get to "keep" the excess value in the form of a better meal.
I would say it has to be at least medium term for capitalism. You gots to have the capital itself.
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OTOH, there was someone killed a couple of years ago who lived in a brick house when the wall blew over and fell on them.
Though in the US, even brick houses are commonly wooden frame. If I ever build a house, it will be all-brick just like my parents' was.
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Other livestock, as well. "Look how rich he is! He's got five goats."
But money is important. It's easier to carry around than livestock, and with accepted ratios, easier to make change. Also, you don't need to feed it. Added bonus: you can bury it in the back yard, and dig it up a year later, still worth as much as the day you buried it. Try doing that with a chicken.
I guess the point I'm not really getting at very well is that it's not enough to have stuff, it's not even enough to have enough stuff to trade, capitalism requires that it be possible to keep the excess of value that is created in that trade.
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Still on page 1 but I didn't see it there...
Capitalism needs a store of value. It doesn't work exchanging chickens for corn if the chicken spoils and the corn rots. Sure, you'll eat well but it's only when you get to chicken jerky, feathers for decoration and dry storage for the corn that capitalism kicks in
Pre-money capitalism typically traded the chickens alive and kicking. I guess live chickens are a valid form of stored value ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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The issue of defining why civilians shouldn't be allowed nuclear weapons is complicated by the need to rationalize why governments should be allowed them.
Nuclear depth charges in the 10-500KT range are the most effective way to combat submarines. Of course, there's also the issue of protecting yourself from other governments that might get them and use them for blackmail absent a threat of nuclear retaliation. True as far as it goes. But that begs a whole lot of other questions.
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