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7281  Other / Politics & Society / Re: Malaysia Airlines MH17 Crash: Boeing 777 Crashed in Ukraine Near Russian Border on: July 20, 2014, 11:07:54 AM
A complicated issue that needs time to sort itself out
Hopefully the investigation sheds some light onto this incident and is not tinged by political strife between two states.
(Although a few incidents seem to come to mind of similar airplane crashes in history can't remember which ones but think I saw a few Mayday episodes like this)
7282  Other / Politics & Society / Re: THE OIL AND GAS BUBBLE IS ABOUT TO POP!!! on: July 20, 2014, 11:00:35 AM
This is why it is important to invest in things like nuclear energy that is close to unlimited in supply.

The main problem with that is all the regulatory costs that go into making that nuclear reactor
It can cost hundreds of millions to set up and clear and then citizens may say we don't want a reactor here etc and cancel the project making the risk a gamble that many don't want to take. (Pretty much cost overrun risk no income and a schedule to complete it by getting delayed)

Even if it does get approved the ROI takes many years from when it was first made to break even and then adding regulatory costs even more than initially planned so its a complicated issue.
That said once built it can run for a long time and it does make a good return.

http://en.wikipedia.org/wiki/Economics_of_nuclear_power_plants
http://atomicinsights.com/examples-of-regulatory-costs-for-nuclear-energy-development/

In 2013, investment advisers Morningstar, Inc. concluded that, in developed countries, “reactors are not a viable source of new power”. Even in developed nations where they make economic sense, they are not feasible because nuclear’s “enormous costs, political and popular opposition, and regulatory uncertainty”.
7283  Economy / Speculation / Re: Ross Ulbricht 140k bitcoins potential auction and market crash in future. on: July 20, 2014, 10:58:26 AM
Does Dread Pirate Roberts stand a chance?

I would say small and getting smaller as the legal regulations around Bitcoin are getting put into place
The only chance he has to win this is if he can argue its his right to give out the Private Key and they stole it from him unfairly lol.

That won't exonerate him from the drugs related charges.

Actually spent some time thinking about this case read another thread
And my new concern is that this does not set off a precedent to confiscate assets from people without a warrant.
7284  Economy / Economics / Re: Can bitcoin survive without the Internet? on: July 20, 2014, 10:47:03 AM
We have greater concerns if the internet is broke
That said pretty sure full nodes would retain a copy so there would still be backups all over the world for when the internet comes back on
(Unless the government did MAD or something)
Then ... were back in the stone age.
(Technically 1940 technologies pre transitor that use vacumn tubes)
7285  Bitcoin / Press / Re: [2014-07-18] Dell Computers now accepting Bitcoin!! on: July 20, 2014, 10:39:27 AM
Oh that's a convenient chart when I thought Overstock was big .... (realizes its only been a few weeks)
Hot damn I'm sensing some super correction incoming lol.

I wouldn't take Overstock lightly. It is true that they are struggling, as giants such as Amazon and Ebay are making life extremely hard for them. I have my respect for them. They were one of the first online retailers to accept Bitcoin. They set the precedent, which other companies such as Expedia, Dell, Tigerdirect.etc simply followed.   

True enough it takes a good leader to push a company in a new direction, its easy to be a follower behind someone else though.
Overstock is still a good service and has my respect the problem they face is the international shipping costs they have if they could address that their market could grow significantly.
7286  Bitcoin / Bitcoin Discussion / Re: [BREAKING NEWS] DELL is now accepting Bitcoin !!! on: July 20, 2014, 10:37:18 AM
This is where the accelerations of total businesses that accept bitcoin is only going to get faster each day.

Resistance is futile.  Grin

Ah now I feel like the Bitcoin Borg  Grin

Anyway to mass acceleration may bitcoins growth get faster each day and good job to the people promoting it to snatch a few big players already Smiley

I dont know if the community will agree with me. I feel, rather than snatching big players, adding new players who buy & sell in Bitcoin is more important to the Bitcoin economy. Dish Network to DELL Computers, none will hold Bitcoin. They'll get paid in Bitcoin and dump it in the market to convert it in FIAT. Bitcoin startups wont most likely be doing this...

Well actually that is a good point as well the big ones will likely just keep dumping in the sense that they will convert directly to fiat the positive spinoff though is that if some new merchants need to be convinced someone can throw a few big names now that accept Bitcoin as examples that its a far more interesting system.

The shadow of Mtgox collapsing is still a specter and needs to be removed one way or another so that positive spin is helpful in the end.
7287  Other / Off-topic / Re: What Song are you Listening To? on: July 20, 2014, 10:33:32 AM
Himegoto caught me off guard and made me want to listen to this
https://www.youtube.com/watch?v=IIeSGUK-Lyo
DMX
7288  Bitcoin / Bitcoin Discussion / Re: [BREAKING NEWS] DELL is now accepting Bitcoin !!! on: July 20, 2014, 12:28:14 AM
This is where the accelerations of total businesses that accept bitcoin is only going to get faster each day.

Resistance is futile.  Grin

Ah now I feel like the Bitcoin Borg  Grin

Anyway to mass acceleration may bitcoins growth get faster each day and good job to the people promoting it to snatch a few big players already Smiley
7289  Bitcoin / Press / Re: [2014-07-18] Dell Computers now accepting Bitcoin!! on: July 20, 2014, 12:18:35 AM
Many people have proffered the idea that some big boys are keeping the price relatively stable which could be the repairing of the pricing image from the last 8 months of craziness. Hence, more companies and different funds/ETFs are making their way into the ballgame making a perfect storm upon the horizon.

Well as an idea it does make sense that some big players constantly are able to sell enough coins on the market to suppress the upside movements
But at the same time they are holding a percentage of those coins in light of the positive volatility opportunity it presents.
So it could be an interesting 8 months Smiley
7290  Bitcoin / Press / Re: [2014-07-18] New Bitcoin Lobbying, Trade Association Announced WSJ on: July 20, 2014, 12:11:52 AM
Sounds like a great idea, though this bit did make me laugh:

and to provide a place where they can get “non-biased” information.

He-he Yah that's why I highlighted that in the excerpt  Grin
7291  Economy / Economics / Re: BRICS establish $100bn bank, currency pool to cut out Western dominance on: July 19, 2014, 10:43:11 PM
They're really going after the dollar. I think that's a good thing. This one-currency domination thing is not good for the world's economy.

Well it's about time in my opinion Latin America made a bank as well to address the way the IMF operates and now the BRICS are making one as well to counteract the IMF

Pretty much showing that neoliberal economics and bailouts are being directly confronted on the international stage, makes it interesting to see strong actors coming out with alternatives to it.
7292  Economy / Games and rounds / Re: CasinoBitco.in | UFC Free Giveaways and Promotions Thread | on: July 19, 2014, 07:51:46 AM
Sounds like a fun guessing game so why not
-MCGREGOR- round 4
7293  Bitcoin / Bitcoin Discussion / Re: Promises Aside, There’s Still No Fix for Bitcoin’s Fatal Flaw on: July 19, 2014, 07:42:15 AM
Man this horse has been beaten to death. I am not going to take the time to lay out the reasons why a 51% attack is not only unlikely but not at all "fatal" for bit coin. Please can we find a new boogie man?

I still think mining centralization is a real issue. It needlessly puts our money at risk, putting trust in centralized groups. And there is absolutely no need for it. Plus, 51% is a red herring, and isn't required for double spend attacks.

True enough but it's not as dangerous as it could be since it does not provide or have a positive incentive to do so.
One double spend and the price drops miners ditch you etc only a government trying to shutdown the network would attempt it, although that would be scary for an altcoin, although it would force a developer fork.
https://en.bitcoin.it/wiki/Weaknesses

Since this attack doesn't permit all that much power over the network, it is expected that no one will attempt it. A profit-seeking person will always gain more by just following the rules, and even someone trying to destroy the system will probably find other attacks more attractive. However, if this attack is successfully executed, it will be difficult or impossible to "untangle" the mess created -- any changes the attacker makes might become permanent.

The real concern for me is the centralization of Bitcoin nodes as having decentralized nodes is important for the network in terms of security and privacy.
https://en.bitcoin.it/wiki/Scalability
7294  Bitcoin / Bitcoin Discussion / Re: Promises Aside, There’s Still No Fix for Bitcoin’s Fatal Flaw on: July 19, 2014, 07:27:12 AM
Man this horse has been beaten to death. I am not going to take the time to lay out the reasons why a 51% attack is not only unlikely but not at all "fatal" for bit coin. Please can we find a new boogie man?

If I had a dollar for each time Scratch that If I had a mbtc for every time I heard this saying  Grin

Well at least this one suggests something
Under the current protocol, miners have to solve one problem to get hold of fresh bitcoins, but in the professors’ "Two-Phase Proof-of-Work" mechanism, there would be an additional cryptopuzzle.

>??>>
Crucially, this second puzzle would require the miner to prove they have access to the private key of the mining pool’s Bitcoin address.

This means the pool would either have to enforce levels of trust amongst participants, as any of them could access all the coins collected by the group with that private key, or carry out the work on its own infrastructure, which would be hugely expensive.

There are some technical issues to be hammered out too. For instance, small miners might be punished by the proposed system as they won’t be able to afford to do the mining if they don’t want to share their private key.

Got confused with their proposal but don't mess with the private key its trustless for a reason here I would need to trust the group to keep my private key secured and not run with the coins.
7295  Economy / Lending / Re: Need 0.41 BTC I'm in a bad bind, please help! on: July 19, 2014, 06:38:59 AM
I'm not a scammer. I want my shit off of here because I'm obviously not wanted here and I'm tired of being called a scammer every 2 seconds.
Thanks for everyone who gifted me BTC and I will pay back with interest the .1btc loan I got once I get some monies transfered.

I'm good to go and I actually got paid, I'm going to be transferring some cash to coin base asap.


Also received this PM will be neutral on this and I guess see how it turns out
Hmm but think the Latium paid out or is an ongoing scam >??> or cheating the system mmm.
https://bitcointalk.org/index.php?action=profile;u=331463;sa=showPosts
https://bitcointalk.org/index.php?topic=610614.msg7774577#msg7774577

I don't get the altcoins lol tried to figure it out just a mess.
7296  Other / Beginners & Help / Re: I NEED AN ADULT!!...and advice on: July 19, 2014, 06:32:56 AM
Never heard of Navcoin but one needs to start somewhere
Anyways welcome to the forum and activity rises by 14 every 2 weeks you can read more on that in this thread
https://bitcointalk.org/index.php?topic=237597.0

If you have some skills you can try to earn some money in services or your first bitcoin pieces from a faucet before joining a sig campaign.
If you feel like trying to grow it feel free to try speculation Smiley
https://www.mintpal.com/

Have fun
7297  Economy / Services / Re: [PrimeDice] [Highest Paid Signature] Earn Bitcoins Simply By Posting on: July 19, 2014, 06:23:49 AM
      Complete list:

      https://bitcointalk.org/index.php?action=profile;u=181801 -  OK But not using proper sig, PD not in first line of it
      -snip-

      I will change my sig accordingly. It was never a problem for Stunna in the past. If you see my sig in the thread PD is left and my "begging" is to the right, this might look different if you have a small screen (e.g. on phones). I have yet to receive a single donation so I might as well take it off.

      Personal signatures are fine just needs to be on the first line shorena
      Can put it to the side or the bottom of the message etc.


      Rules

      • Your PrimeDice advertisement must be on the first line of your signature!


      • You may not advertise any other sites/threads. This includes non-paid for advertisements. You may include other non advertising related. This is limited to a quote or your Bitcoin address etc. If you do choose to add this it must be very small font, uncolored with no effects  


      [/list]
      7298  Bitcoin / Press / Re: [2014-07-18] Dell Computers now accepting Bitcoin!! on: July 19, 2014, 06:20:38 AM

      Oh that's a convenient chart when I thought Overstock was big .... (realizes its only been a few weeks)
      Hot damn I'm sensing some super correction incoming lol.
      7299  Other / Politics & Society / Re: Citigroup to pay $7 billion in subprime mortgages probe on: July 19, 2014, 02:12:49 AM

      man, 306 billion dollars.. 7 billion pales in comparison. that's basically interest money for 1 year. the way the real works is that it's socialism for the corporations, and capitalism for the people who are not corporations.

      Yep socialism for the corporations who pay it back in their political campaign war chest and jobs after the leave government (Good old cronyism)
      And capitalism for the poor.
      Under the argument of contagion of course because after all they are too big to fail.

      I found the thing I was looking for so to add a guilty bonus to that 7 billion
      The government said in 2010 that its cool we will leave now and let you go and make the same mistakes again since we don't want to be seen holding bank shares in the financial system in exchange let us print more money guys  Wink

      Government sells remaining shares in Citigroup; investment to net $12 billion total profit for taxpayers

      http://www.washingtonpost.com/wp-dyn/content/article/2010/12/07/AR2010120700091.html
      When it disposes of its remaining Citigroup shares, the Treasury said, the average selling price for its shares will be $4.14 apiece, up from $3.25 when the government obtained its stake. Citigroup's stock closed at $4.45 on Monday.

      http://online.wsj.com/news/articles/SB10001424052748704156304576003884177348202
      The Treasury's sale of 2.4 billion Citigroup shares was priced at a 10-cent discount to Monday's closing price of $4.45 a share. With the government's average cost at $3.25 a share, Treasury officials decided to accelerate the sale timetable after recent gains in the stock price meant the cost had already been recouped in sale proceeds, repayments and dividends, one of the people familiar with the matter said.

      "With all the risk already off the table," the person said, "there was no reason not to go ahead with this." Counting Monday's sale, Treasury's sales proceeds averaged $4.14 per share.

      (Note there was a 1:10 Stock Split in 2011)
      https://ca.finance.yahoo.com/q/hp?s=C&a=00&b=3&c=1977&d=06&e=19&f=2014&g=m

      So its more like 41.40 per share

      So 19 billion for a 306 billion dollar debt Smiley

      7300  Other / Meta / Re: New Marketplace Sub Forum (Domains) on: July 19, 2014, 12:49:07 AM
      Would support it myself
      There is enough traffic in the auctions thread for a domain sub forum based on what I have read in this thread.
      Not an area I visit often myself but I voted yes as well.
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