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6501  Other / Obsolete (selling) / Re: This classic Asteroids arcade game could be yours for approximately 45 BTC on: June 06, 2011, 04:06:24 AM
Alright, Will you at least add somewhere to the site that you now accept Bitcoins?
It doesn't show up on the bottom of every page?
6502  Other / Obsolete (selling) / Re: This classic Asteroids arcade game could be yours for approximately 45 BTC on: June 06, 2011, 04:03:07 AM
You can buy anything that's on the site with Bitcoins.

Everything should work automatically but if you want something customized or if we need to do something special with regards to shipping we might have to handle the payment manually.
6503  Other / Off-topic / Re: Dwolla on: June 06, 2011, 03:33:45 AM
That seems reasonable
6504  Economy / Economics / Re: Nobody takes bitcoin seriously: rises 10x in month drops 50% in 10 days? I do. on: June 06, 2011, 02:32:08 AM
If you want the economy to thrive, then sell and/or trade some of the coins you're holding on to.
Exactly. It's an unrealized gain until you spend them.
6505  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: June 06, 2011, 02:24:07 AM
If you move wealth from a non-productive means to a more productive means, you are increasing wealth.  When people speculate, they are making resources available toward more productive (at least in their opinion) means, and removing it from less productive means.
It's still overhead. Eliminating the need for overhead will always be beneficial for the system as a whole.
6506  Economy / Trading Discussion / Re: The Bitcoin Sun: The Paypal Problem on: June 06, 2011, 12:08:42 AM
Capitalism may be a bad thing, but it doesn't work as they explain in those movies.
There's very little capitalism going on in the world any more. Most of what people who dislike "capitalism" are objecting is more correctly called fascism or mercantilism.
6507  Other / Obsolete (selling) / This classic Asteroids arcade game could be yours for approximately 45 BTC on: June 05, 2011, 11:56:49 PM


Sometimes the simplest things can be the best. Asteroids, by Atari, came out way back in 1979. There's no doubt that Asteroids is a classic. Thousands of fans hail this game as the best of all time. Fundamentally about vectors, while superficially about rocks careening through space, Asteroids succeeds as a great game in spite of, or perhaps because of, its simplicity.

In Asteroids you pilot a spaceship mired in an asteroid belt. You must maneuver your craft about, spinning and shooting to avoid a deadly collision. Each time you shoot an asteroid it fragments, creating more smaller targets. Occasionally a flying saucer will enter the screen; gun it down for bonus points. Asteroids is a game that is easy to learn (even without a joystick) but is difficult to master.

Buy now using Bitcoin (750 USD + shipping) at Abel'sFire.com.

Exact exchange rate will be determined at the time of order.
6508  Other / Off-topic / Dwolla on: June 05, 2011, 10:00:40 PM
Does anyone know how to pronounce that?
6509  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: June 05, 2011, 08:32:14 PM
If it's not adding a positive, what is? 
Actually growing the extra grain that will be required is adding a positive.

In your example you're correcting the misallocation of resources causes by imperfect information. If the knowledge of this upcoming shortage was widespread the farmers and the retailers and wholesalers would preemptively change their behavior just like you did and achieve the same result.

I'm not calling speculation wrong; I'm just pointing out that in an optimal economy it is not necessary so people who want to make a positive change will work towards making it unnecessary.

If you want to think of it another way consider it to be overhead. Some amount of overhead is always necessary but we all know that efficiency is improved by removing the need for it.
6510  Bitcoin / Bitcoin Discussion / Re: Bitcoin = A hook to Satanism? on: June 05, 2011, 08:04:02 PM
If you take every six letters of the King James Bible and XOR that string with the one formed by every nine letters then run the result through zlib compression the resulting binary sequence will be the UTF-8 representation of, "May the sauce be with you. Ramen." repeated 42 times.
6511  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: June 05, 2011, 07:51:31 PM
This is incorrect because money ≠ utility.

True, commodity speculators are not adding or subtracting the commodity from the economy.

But they are adding utility to the economy by giving more people access to that commodity at a time when they desire it.

That is also a form of added wealth.
You're still talking about negative economics. At best speculation removes a negative rather than adds a positive.

An ideal system would not need any speculation therefore if you want to improve the system you should move it closer to the ideal state.
6512  Bitcoin / Bitcoin Discussion / Re: So, I have some bitcoins... ...now what? on: June 05, 2011, 07:27:51 PM
That, I suppose, is another problem with bitcoins -- that their value is so unstable that the cost can't just be posted on a site for very long before it isn't what the buyer or seller envisioned.
At some point I plan to make a cron job that updates the exchange rate every five minutes or so automatically. Eventually the volatility will go down if more people start using Bitcoin to buy and sell things rather than speculating.
6513  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: June 05, 2011, 07:25:07 PM
What makes you think speculation on stocks and currencies is not making society better?
It's entirely neutral - neither adding nor subtracting wealth from the economy. All it does is move it from one person to another person. Wealth is only added when someone in the world increases his output.
Wealth that comes from speculation comes from Option 3. If you take out a loan to buy bitcoin, and bitcoin goes up in price, you are snatching wealth from the bank, because the bank could have just bought bitcoin and earned a much higher return. You are also snatching wealth from the people who put their money in the bank, because they too could have used that money to buy bitcoin. The total wealth in the world hasn't changed; you have just changed the proportions in your favor.
I believe that we are in agreement.
6514  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: June 05, 2011, 07:17:19 PM
putting aside the rhetorical games, the point is that the wealth you'd like to have dumped in your lap needs either to come from somewhere else or to be created. those are the only two choices.
Exactly. A person wanting to gain wealth has three ways to do so:

1) Do more work
2) Do more productive work
3) Get wealth from someone else

Option 3 isn't necessarily immoral or illegal (receiving charity is an example, so is winning a bet) but it certainly isn't sustainable for everybody to do it.

If you want to improve your own economic situation and build a better society focus on 1 and 2 and forget about 3. (hint: speculation on stocks or currencies is not 1 or 2)
6515  Bitcoin / Bitcoin Discussion / Re: Ron Paul Money Bomb - Bitcoin donations? on: June 05, 2011, 07:12:06 PM
What about him makes him a nutcase?
Over the years Karl Denninger has done a good job of pointing out all the opportunities Ron Paul has had to make a real difference but has so far passed on.
6516  Other / Meta / Bitcoin.org on: June 05, 2011, 03:20:26 PM
Who manages the main website?

I'd like to suggest adding this link to the Community section: http://www.meetup.com/BitcoinCryptocurrency/ as a way of promoting the currency and helping people find other interested individuals near them.
6517  Economy / Economics / Re: The 2040 problem on: June 05, 2011, 01:20:48 AM
He exchange price is independent of security of the network?

Are you joking?  I hope so.
The exchange price is entirely determined by what people are willing to pay at a given moment and nothing else.
6518  Bitcoin / Bitcoin Discussion / Re: Professional economists projections on BitCoins? on: June 05, 2011, 12:53:57 AM
Hopefully you don't mean any of the professional economists that told everybody that "subprime is contained".
6519  Other / Obsolete (selling) / Cue Ball Wizard Pinball Game on: June 04, 2011, 06:38:11 PM


Available for purchase using Bitcoin on our web site.
6520  Bitcoin / Bitcoin Discussion / Re: If you relaly cared about your friends, you would suggest that they buy Bitcoins on: June 04, 2011, 05:15:32 PM
If you can convince any of your friends to simply buy $50 USD worth of BTC... you will be doing yourself, themselves, and the entire world a HUGE favor!

Get going!!
You most certainly are not. All you're doing is fueling a speculative mania even further.

You can do everyone a favor by convincing them to sell whatever idle productive capability they have for Bitcoins. That's where economic benefits actually derive from. Getting rich from currency speculation is a zero-sum game.

If you want to increase your personal wealth without taking it from someone else you either need to do more work or more productive work. Bitcoin helps with this because it allows people to sell their skills in situations that would be impossible or unprofitable in other currencies which means they can increase their personal economic output.
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