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6641  Other / Meta / Re: Top Posters on: March 21, 2014, 08:23:55 AM
dude the people on that list aren't spammers their old school members of the forum and have contributed alot in one way or another.  Not saying there perfect but I wouldn't not just start throwing them all in a box and labeling them spammers.  Just my 2 cents however.

Um, I'm not sure about that. Define spammer.
6642  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2014, 08:16:54 AM
Davyd05, QuestionAuthority welcome to my ignore list.

fuck racism


I'm from Nuevo Mexico, I got my degree from UNM and my wife is part Mexican and part Paiute Indian. You think you know what you don't know.

How do you think I know there's a shitload of drunk Indians there? I'm from there dumbass. lol

AFAIK, Nuevo Mexico is blue meth, fathers with terminal cancer, badass black-chileans and mad neonazis. Which one are you?

New Mexico - it's where Albuquerque is located. It's a state in the United States.

Oh, I'd probably put a Bitcoin ATM in Antarctica before Albuquerque. More people would see it there. 
6643  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2014, 08:08:34 AM
Davyd05, QuestionAuthority welcome to my ignore list.

fuck racism


I'm from Nuevo Mexico, I got my degree from UNM and my wife is part Mexican and part Paiute Indian. You think you know what you don't know.

How do you think I know there's a shitload of drunk Indians there? I'm from there dumbass. lol
6644  Bitcoin / Bitcoin Discussion / Re: on what condition can people have fath for bitcoin just like for gold? on: March 21, 2014, 06:10:26 AM
That's all correct if you can identify what's really true and what really constitutes progress. If you followed the truth of this forum starting two short years ago you would have already lost all of your money to MyBitcoin or Bitcoinica or GLBSE or Pirate@40 or on and on and on. If any other investment vehicle had this many problems so soon after introduction it would already be ancient history. Fanatical idealism is keeping Bitcoin alive.

I did two things:

A.  I showed that according to the Quantity Theory of Money, real output (Q) can increase without an increase in the money supply (it requires falling price levels instead).

B.  I discussed the idea of myth vs reality and presented my Theory of Dinosaurism.  

You seem to agree that this is all true.  

But I think you are also suggesting that "falling prices are bad" is some sort of truth, and that if we question this it represents "fanatical idealism."  Is this correct?


All groups have shared myths including bitcointalk--you call this groupthink in your signature.  Myths are part of being human and shape our society--they can help us or hinder us.  For example, the "HODL" myth helps us overcome fear during outbreaks of FUD.  So far this myth has been beneficial to its subscribers.  "Deflation is bad" is another myth that was helpful in growing the economy after the Great Depression and World War II.  I no longer subscribe to this myth, however.  


I don't agree that falling prices are bad. I have always believed that Bitcoin should not be pegged to the USD because that creates most of its problems. People should barter Bitcoin like any other commodity. Bitcoin could then be pegged in exchangeable value for product instead of being reliant on the US government to set its value (how many Bitcoins does that cost). There's a little of that going on but not nearly enough. Bitcoin business can't even operate without BitPay type business because someone needs to seamlessly exchange the spent Bitcoins for fiat because Bitcoin can't pay the bills. Everyone here preaches how fucked up the American Dollar is and how they can't wait until Bitcoin replaces that nasty old fiat and in the same breath they ask how many American Dollars Bitcoin is worth today: "Have you seen the price of Bitcoin today? It almost at $1000. Wow!" What a load of crap. You can't have your cake and eat it too. If the dollar crashes Bitcoin goes with it because Bitcoin is pegged to the dollar.

Everything can be priced in everything else, it's just easiest to use the petrodollar (a.k.a. the reserve currency of the world) when pricing an asset that can be accessed anywhere in the world. If the petrodollar is replaced in the future, we will simply price everything in whatever takes its place. Would you prefer we tell you the exchange rate of Bitcoins in BigMacs or would that just be confusing because you would have to think about the dollar value of a BigMac first? If you are bartering, you are still pricing things and no matter how much you try to ignore a single currency, those items still have a price in that currency! I know that you know this, yet here you are writing this paragraph that I just read.

There is no denying the current world state of affairs and why we price things in dollars. That doesn't mean it's going to be like that forever.

I don't really give a shit if Bitcoin replaces fiat, I just want my assets to be mine. Bitcoin is the only thing that gives me this kind of control. Someone could take every physical asset I own, but they still could not access my bitcoins without my permission.
I don't want Bitcoin to be priced in anything (even though I like BigMacs). I want it to have its own value if it is going to be used as a currency. Do you see any of these BigMacs priced in dollars? http://www.burgerkingjapan.co.jp/campaign/cp111.html
No, they price them in their currency. I know its not priced in Dollars because there is no fucking way that I would pay $7.50 for a BigMac. Bitcoins need to have intrinsic value for trade just as a national currency does. It can be exchanged for any currency but it should have its own value first. Unfortunately it can't because people don't trade Bitcoin for something and then spend the Bitcoin they received on something else. There is always an exchange for fiat in the chain. If people want Bitcoin to replace fiat then stop using fiat and start using Bitcoin.
6645  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2014, 05:32:12 AM
First Bitcoin ATM in USA, in Albuquerque, NM was pulled today because it wasn't being used.

Don't drunk Indians just trade firewater and fry bread for everything? Why would they need a Bitcoin ATM anyway?

Great insight, that's why I love this thread so...

Does this guy look like he needs a Bitcoin ATM?

6646  Bitcoin / Bitcoin Discussion / Re: Sean's Outpost Under Attack on: March 21, 2014, 05:15:57 AM
If Sean's Outpost really cared about the homeless they wouldn't feed them they would buy them a bus ticket to Georgia.

Quote
Florida has a problem.

Once again, the Sunshine State has been deemed the most dangerous in the nation for homeless people -- the third such designation it has earned since 2008 -- according to the National Coalition for the Homeless' 2012 database of known cases of violence.

In fact, Florida had more than double the number of hate crimes against the homeless in 2012 (15) as the runner-up, California (7), according to the report. Three of country's 18 fatal events occurred in Florida, including the running over of a 73-year-old in Tampa, the murder of a 43-year-old in Deerfield Beach by a suspect who wanted to kill a stranger, and the strangulation of a 40-year-old homeless man by two Hallandale Beach boys, ages 14 and 17, who had asked him to secure a prostitute.

“This violence is prompted by a profound lack of empathy for fellow human beings, the same moral failure that allows our society to tolerate the larger tragedy of homelessness,” Jerry Jones, NCH's executive director, said in a statement. “Homeless people deserve our help and protection. These attacks are a shocking failure in our society’s obligations toward the most vulnerable among us.”

The database even includes cases of "multi-media exploitation," as in the case against Real Housewives star Alexia Echevarria's son Peter Rosello. Rosello, 25, was arrested after filming himself approaching a sleeping homeless man in Miami Beach, taunting him, and punching him in the genitals before running away.

In another Florida case, a Miami man was panhandling at an intersection when he was beckoned to a truck and stabbed in the neck in what police called a random act of violence.

“I thought he was going to give me a dollar bill and I went over to say ‘Thank you,’ and next thing I know I see the pick come out,” victim David Mercado told CBS Miami. “He just smiled and laughed and took off."

The NCH reports a documented relationship between local laws that criminalize homelessness and an increase of violence against homeless people. The city of Miami recently moved to criminalize homelessness by attempting to repeal protections that allow the homeless to perform "life-sustaining" activities -- such as cooking in public -- without charges. A judge is expected to weigh in on a proposed settlement.

The NCH database also revealed that across the country, 96 percent of all perpetrators of attacks on the homeless were male, and nearly 80 percent were under 30. Twenty-one percent of the attacks were fatal.

http://www.huffingtonpost.com/2013/12/16/florida-homeless_n_4453312.html
6647  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2014, 04:59:23 AM
First Bitcoin ATM in USA, in Albuquerque, NM was pulled today because it wasn't being used.

Don't drunk Indians just trade firewater and fry bread for everything? Why would they need a Bitcoin ATM anyway?
6648  Other / Meta / Re: Top Posters on: March 21, 2014, 04:42:37 AM
Your pie chart has most of my ignore list on it.
6649  Bitcoin / Bitcoin Discussion / Re: on what condition can people have fath for bitcoin just like for gold? on: March 21, 2014, 04:03:25 AM
That's all correct if you can identify what's really true and what really constitutes progress. If you followed the truth of this forum starting two short years ago you would have already lost all of your money to MyBitcoin or Bitcoinica or GLBSE or Pirate@40 or on and on and on. If any other investment vehicle had this many problems so soon after introduction it would already be ancient history. Fanatical idealism is keeping Bitcoin alive.

I did two things:

A.  I showed that according to the Quantity Theory of Money, real output (Q) can increase without an increase in the money supply (it requires falling price levels instead).

B.  I discussed the idea of myth vs reality and presented my Theory of Dinosaurism.  

You seem to agree that this is all true.  

But I think you are also suggesting that "falling prices are bad" is some sort of truth, and that if we question this it represents "fanatical idealism."  Is this correct?


All groups have shared myths including bitcointalk--you call this groupthink in your signature.  Myths are part of being human and shape our society--they can help us or hinder us.  For example, the "HODL" myth helps us overcome fear during outbreaks of FUD.  So far this myth has been beneficial to its subscribers.  "Deflation is bad" is another myth that was helpful in growing the economy after the Great Depression and World War II.  I no longer subscribe to this myth, however.  


I don't agree that falling prices are bad. I have always believed that Bitcoin should not be pegged to the USD because that creates most of its problems. People should barter Bitcoin like any other commodity. Bitcoin could then be pegged in exchangeable value for product instead of being reliant on the US government to set its value (how many Bitcoins does that cost). There's a little of that going on but not nearly enough. Bitcoin business can't even operate without BitPay type business because someone needs to seamlessly exchange the spent Bitcoins for fiat because Bitcoin can't pay the bills. Everyone here preaches how fucked up the American Dollar is and how they can't wait until Bitcoin replaces that nasty old fiat and in the same breath they ask how many American Dollars Bitcoin is worth today: "Have you seen the price of Bitcoin today? It almost at $1000. Wow!" What a load of crap. You can't have your cake and eat it too. If the dollar crashes Bitcoin goes with it because Bitcoin is pegged to the dollar.
6650  Bitcoin / Bitcoin Discussion / Re: on what condition can people have fath for bitcoin just like for gold? on: March 21, 2014, 03:38:54 AM
That's all correct if you can identify what's really true and what really constitutes progress. If you followed the truth of this forum starting two short years ago you would have already lost all of your money to MyBitcoin or Bitcoinica or GLBSE or Pirate@40 or on and on and on. If any other investment vehicle had this many problems so soon after introduction it would already be ancient history. Fanatical idealism is keeping Bitcoin alive.

Bitcoin isn't an investment vehicle. It's an asset that, when used properly, gives the ultimate control to the user.

Those "problems" you've listed are only problems because people ignore one simple rule: If you aren't the sole controller of your private keys, you don't have any bitcoins.

It's unfortunate that so many are willing to resort to traditional methods and give up control of their assets, but that should be a lesson for everyone else. Apparently many fail to learn from the mistakes of others.

It's also unfortunate that I am labeled as a fanatic because I simply want to retain control of my assets and not be persecuted for it.

Bitcoin does allow this kind of control, like nothing else in existence. So, don't expect it to become ancient history as long as people like me continue to value this property.


I'm happy that you kept all of your Bitcoins. You know I've been ripped off several times. I'm not discounting the value of holding on to your Bitcoins at all costs. You should protect that key like it was your house key. The problem is that a lot of us need cash to give Bitcoin value. Just holding on to it doesn't really create any value for us. When I was mining with video cards I needed to cash in some Bitcoins to pay the high electric bill and buy supplies to keep mining. Exchanges are necessary for that to happen. I'm sure I don't need to tell you how many exchanges have ripped people (including me) off. The very last exchange to screw me was CryptoXchange and I almost quit Bitcoin because of it. You'll get a laugh out of this: PatrickHarnett, MnW and Yankee convinced me it was a great trustworthy exchange because I was fed up with Trade Hill. lol

Bitcoin most certainly is an investment vehicle. I would go so far as to say, at this point it is mostly an investment vehicle. If I want to shop at that overpriced overstock.com I can simply use a credit card. I don't need to first exchange my cash for Bitcoins to do it. If I'm buying Bitcoins it's to hold and wait for them to appreciate not because I want to buy some junk online. I could do that before Bitcoin ever existed. If I mine Bitcoins then I want to hold them for sure because I want as large a return on my equipment investment as possible. If I bought my mining equipment from a scam artist like BFL then I really need to hold my coins or I may never ROI. Many people choose to use the numerous opportunities that are available on this forum to attempt to increase their small holdings of coin into a larger holding. They are promised a greater return and that's why they are here - profit. Let's face it, no one is using Bitcoin because their doctor said their health would improve if they got themselves a few Bitcoin. They want a fucking profit! Well guess what, they just made Bitcoin an investment vehicle.
6651  Bitcoin / Bitcoin Discussion / Re: on what condition can people have fath for bitcoin just like for gold? on: March 20, 2014, 05:02:58 PM
People hang on tightly to our shared mythology--even very intelligent people.  Letting go is frightening because it requires a reshaping of our interpretation of reality.  

I'd like to present my Theory of Dinosaurism:

One becomes a dinosaur when their hard-wired brain no longer sees it as possible for the status quo to ever *really* change.

When Einstein published his ‘theory of relativity’ as a young man, it was met with doubt and criticism by his seniors. But it wasn’t that these more experienced physicists eventually came to realize that he was right. No, these older physicists died off leaving behind the younger generation that was less blind to the truth.

Einstein became a dinosaur too in his old age, doubting modern theories in quantum mechanics.

We all eventually become dinosaurs, as the leadership in thought falls upon the younger generation who continue to fight for truth and progress.


That's all correct if you can identify what's really true and what really constitutes progress. If you followed the truth of this forum starting two short years ago you would have already lost all of your money to MyBitcoin or Bitcoinica or GLBSE or Pirate@40 or on and on and on. If any other investment vehicle had this many problems so soon after introduction it would already be ancient history. Fanatical idealism is keeping Bitcoin alive.
6652  Bitcoin / Bitcoin Discussion / Re: on what condition can people have fath for bitcoin just like for gold? on: March 20, 2014, 04:26:42 PM
6653  Bitcoin / Bitcoin Discussion / Re: This is happening today on Harvard campus on: March 20, 2014, 04:09:37 PM
Adam White is going to get eaten alive by that crowd. I hope he brings a box of Kotex with him. He'll be bleeding by the end of the session. lol
6654  Bitcoin / Bitcoin Discussion / Re: on what condition can people have fath for bitcoin just like for gold? on: March 20, 2014, 03:39:33 PM
The amount of money in a nation's money supply is crucial to the health of its economy. If there is not enough money in circulation, the economy cannot grow.

This is what we often hear from the privileged few that are allowed to create money, then loan it out and charge interest on those loans.  Of course if adding more money to the total money supply were such a good idea then allowing each of us to have our very own printing press to print out as much money as we need and just skip the loan part would be an even better idea.  I'm sure we'd have the world's economy firing on all cylinders in no time.   Smiley

That's just a part of Econ101. It's one of many basic economic principles that very few people here seem to understand.
6655  Other / New forum software / Re: New Forum by Other Members on: March 20, 2014, 03:32:41 PM
Me. I've launched it a week ago, so it's of no surprise that it's almost unknown. However it's growing well.
Posted from Bitcointa.lk - #k6ywXmGRgiUjrbd9

I like it and I joined a couple of days ago. Good job!
6656  Other / New forum software / Re: New Forum by Other Members on: March 20, 2014, 03:29:01 PM
I guess that i can spam my signature here, right?
The alternative is already in place and working just fine. As long as theymos won't fight us, users will be able to move to Bitcointa.lk

That being said, what theymos is doing is pioneering yet another hybrid. I don't think it will succeed. I don't think it stands a chance. However it's not exactly the worst way possible of spending forums' money, and i could be wrong.
Posted from Bitcointa.lk - #3MO0y7BOLi47buca

I don't think many people know about Bitcointa.lk. Who owns that, do you know?
6657  Bitcoin / Bitcoin Discussion / Re: on what condition can people have fath for bitcoin just like for gold? on: March 20, 2014, 02:40:33 PM
we konw that gold price is historycally stable, now we hope bitcoin's price can be more stable in the long for its widly accepted in busisness.

i think we have fath for gold because it is unique on this planet,different from any other metal.
is bitcoin unique forever as crypto tech develop ?

"Almost all the gold ever mined is stored in the form of bullion and jewelry."
is quick circulation good for bitcoin's price or value?

any thoughts? thanks.

Cypherdoc hasn't posted here yet? He'll smell the word gold and be here shortly.

How has the price of gold been historically stable. Just the opposite. Bitcoin doesn't have the ability to be stable yet and won't for a very long time.

Only idiots have faith in gold over time. You can lose as much money speculating on gold as you can on Bitcoin. Bitcoin is unique only as it's the first one and started the craze. I don't think it will be the last iteration of crypto coin or eventually even the most popular.

How a commodity is stored is immaterial to its value. Value isn't derived from storage method.
The amount of money in a nation's money supply is crucial to the health of its economy. If there is not enough money in circulation, the economy cannot grow. This basic premise should hold true for Bitcoin if Bitcoin is currency but you are comparing it to a commodity. So basically you're saying it's not money.

If you want to compare Bitcoin price to a commodity you should look up price charts for the now defunct pork bellies market. The charts look real similar.
6658  Bitcoin / Bitcoin Discussion / Re: The Bitcoin environment seems toxic right now... has it felt like this before? on: March 20, 2014, 05:44:31 AM
The only thing that's happening is a cleansing of the original pack of scumbags that hopped on Bitcoin for a quick profit. They are slowly being weeded out through three letter agency investigations and by their own stupidity. It isn't nearly as bad now as it was in 2011 when every other thread was about, "Bitcoin only exists to buy drugs on Silk Road". I predict that within a year even more of the old guard will be gone. New and hopefully more honest characters will take their place. The Bitcoin landscape is looking more promising every day.

I do kind of miss Atlas, Matthew and BitcoinPorn though. They added a little spice to a mostly dry finance forum.
6659  Bitcoin / Bitcoin Discussion / Re: Dubai 400 Bitcoin ATMs in 2 weeks on: March 18, 2014, 11:47:48 PM
Yeah, Hajji to the rescue.
6660  Bitcoin / Bitcoin Discussion / Re: Interacting with fiat institutions [such as the SEC], a guide on: March 18, 2014, 11:22:04 PM
Well, well Erik. I had you pegged as a profiteer, crook and a runner long ago but just didn't know who you were running from. Now I know. https://bitcointalk.org/index.php?topic=82866.msg5740237#msg5740237

Don't drop the soap sweetie.



From Reddit: SatoshiDice Announcement!

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[–]CBHash -2 points 10 months ago

This is more like an "oops I didn't know what the law was" rush to save my ass response than a real effort to be compliant. Do you mean you "just" sought the advice of council after running one of the most heavily regulated business types on the planet for a year? Yeah, tell it to the judge Bugsy Siegel!

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[–]evoorhees 5 points 10 months ago

Actually I've been consulting with three lawyers since early December, but thanks for being a snarky asshole.

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[–]CBHash -2 points 10 months ago*

Yeah well you didn't open in December! So what tipped you off that you might want to consult with a legal representative? By the way most professionals get legal advise before they open an international business, not after. And calling me an asshole won't keep you safe but it might make others realize that you are nothing but a profiteer spamming the blockchain.

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