I've seen a lot of talk on these boards bashing capitalism. I want to remind people that capitalism is was the only moral system of government and it has never been tried completely.
Cough Development Politics Tell that to all of Latin America who were raped pretty badly by the industrialization process A system built on the backs of others through monopolization and trade restrictions  That is why they are moving to socialism systems the same with the Chinese who went from Commy --> Socialist because they were subjected to 100 years of shame and exploitation by the Colonial powers, and had to fight very hard to get out of that dependency. (opium wars etc) Also known as the Global South http://en.wikipedia.org/wiki/North%E2%80%93South_divideIn economic terms, the North—with one quarter of the world population—controls four fifths of the world income. 90% of the manufacturing industries are owned by and located in the North. Inversely, the South—with three quarters of the world populations—has access to one fifth of the world income. It serves as a source for raw material as the North, “eager to acquire their own independent resource bases[,]…subjected large portions of the global South to direct colonial rule” between 1850 and 1914. As nations become economically developed, they may become part of the "North", regardless of geographical location, while any other nations which do not qualify for "developed" status are in effect deemed to be part of the "South". |
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I have been always taught that slight inflation is good. I saw people pointing out 100 year graph of USD always having slight inflation. It makes sense, it makes a little urge for people to spend. But I believe that also deflationary system can work. People will still buy things they need, although not as much.. Causing joblessness etc  If possible to, can you please somehow prove that deflationary financial system can be sustainable aswell? Because the monetary base of bitcoins cannot be expanded, the currency would be subject to severe deflation if it becomes widely used. Keynesian economists argue that deflation is bad for an economy because it incentivises individuals and businesses to save money rather than invest in businesses and create jobs. The Austrian school of thought counters this criticism, claiming that as deflation occurs in all stages of production, entrepreneurs who invest benefit from it. As a result, profit ratios tend to stay the same and only their magnitudes change. In other words, in a deflationary environment, goods and services decrease in price, but at the same time the cost for the production of these goods and services tend to decrease proportionally, effectively not affecting profits. Price deflation encourages an increase in hoarding — hence savings — which in turn tends to lower interest rates and increase the incentive for entrepreneurs to invest in projects of longer term. From https://en.bitcoin.it/wiki/Controlled_supplySimply put people invest because they expect a greater return than deflation can bring in the long term, therefore the economy is grown at a rate of development greater than the price decrease and promotes long term over short term investments on a balance sheet, second bitcoin is still inflationary this concern is not to be addressed for a few more decades. 262500 2 25.00 2014 11812500 1312500 13125000 11.11% 62.500% 315000 2 25.00 2015 13125000 1312500 14437500 10.00% 68.750% 367500 2 25.00 2016 14437500 1312500 15750000 9.09% 75.000% 420000 3 12.50 2017 15750000 656250 16406250 4.17% 78.125% 472500 3 12.50 2018 16406250 656250 17062500 4.00% 81.250% 525000 3 12.50 2019 17062500 656250 17718750 3.85% 84.375% 577500 3 12.50 2020 17718750 656250 18375000 3.70% 87.500% 630000 4 6.25 2021 18375000 328125 18703125 1.79% 89.063% 682500 4 6.25 2022 18703125 328125 19031250 1.75% 90.625% 735000 4 6.25 2023 19031250 328125 19359375 1.72% 92.188% 787500 4 6.25 2024 19359375 328125 19687500 1.69% 93.750% |
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I came here to snicker at your title  But went on to read your post as well and yes governments didn't used to be so bi-polar politics made them like that but rational actions based on what is best is how all political systems should be. It's not a political thing it's what is best for all people in society, saving money or developing new technologies they may disagree but it should be civil. |
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I'm relatively sure that the people whose baseline for profit projections that they used (overstock.com) where quite surprised when they first implemented bitcoin as a payment option as well. Pretty soon accepting bitcoin as a payment option will no longer be a competitive advantage but rather a necessity!
With consumer funded tx fees and no usurious fees from credit card processors it just makes good sense to accept bit coin. That and the constant trickle of new people into bit coin make it inevitable. "The constant trickle of new people into Bitcoin" is quickly turning into a flood. 2014 started out really bad for BTC, but the tide has turned and the second half of this year is setting up to be unforgettable. True when I talk to people about Bitcoin the tinge of Mtgox and the exchange crash is still fresh in their memories But the fact it is not Bitcoin is becoming more common Also when I used the term Virtual currency people were confused but when I said Digital Currency and payment systems people went AH that is fascinating instead so it's all about trying to determine the proper way to explain it to people. Starting to see more people wanting to support it. |
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I used to know a couple of people who would fall for those fake "Download" buttons that try to install junk on your PC.
I still know people who fall for this. Some of these peoe are IT SPECIALISTS. And when I'm with them, they ask me "Why didn't it work?" And I have to go on a five-minute explanation explaining why one download button isn't the one they need, since they cannot understand "It's an ad. The real button is over here." I seem to know the least tech-savvy people. A few don't even know what RAM is. It really does disappoint me. But I am curious to know what the average tech say vines was. That could have a big impact on why everything played out the way it did. Sigh I know the same, people will fall for that fake download button a lot more than I admit Of course it comes loaded with a viral file or something of the sort instead of a legit download lol. Hmm IT Specialist = Technical Support guy lol unless they are like the A rank rep they don't know much Which is why I ask for the promotion rank right off if its a challenging task. If you are referring to the fake download ads on cnet for example then you really simply need to know what you are looking for and you need to look closely at the entire page prior to clicking anything. I would say it is less of knowing what you are doing and more about attention to detail. Well the ones I was thinking of in particular is if your using a filesharing website like rapidgator or the old megaupload and you had those download buttons on the top and the bottom parts with the real download button in the middle lol. But yah Cnet is a good example of that as well Something like this but I've seen more harder ones where they make the true download button tiny and the fakes huge lol. http://www.pcworld.com/article/207601/7_things_we_still_hate_about_the_web.html Anyways people with IT knowledge if they are doing a lot of downloads know to use Jdownloader but this is about non-technical users, and general users who don't know Jdownloader exists etc. |
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It looks like this campaign pays on-time. The XBTec campaign I'm currently sponsored by has consistently been late on payments. I'd like to know if there's a waiting list that I could join for this one.
There shouldn't be but don't quote me on that it depends on how many people changed to the new signature this week If there is enough afk a spot or two may open but its oversubscribed at 36/30 Atm https://bitcointalk.org/index.php?topic=618870.msg7620817#msg7620817Payments done. Attention:
Please, update the code of your signature (there were some minor changes).
Please, try to update the code asap. If not updated till Sunday, I'll have to remove you from the sig campaign. The new code is available in the first post of this thread. Hope for understanding and thanks for your help! |
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This would be unusual. The US dollar is a very stable currency and for all intensive purposes will not fall at the rate needed to make bitcoin go up substantially
Dollar is not stable. Look at commodity chart for the last 10 years. This the dollar has been on a deflationary streak for a long time in terms of purchasing power as well  With reservations for the wealthy elite lol. Real Income Changes http://realfactbias.blogspot.ca/2012/02/no-dollar-did-not-really-lose-95-of-its.html |
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It's currently 22.50 in California, so the payment will happen in 11 hours and 10 minutes. Keeping a watch then ^^ Always nice to know there is more competition hanging out on here. |
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Wow this thread went intense
Also its amazing that someone well technically a whole army worked together to solve this puzzle congrats all around and especially to Gatekeeper
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^ Actually no, great idea. Forum tags let you do links like this: Provenance ASIC (PROV). Thanks, will update it by tomorrow. Done Edit: Could you link me to the SD info? Sure had to go back a bit in time sorry missed that edit for a while https://web.archive.org/web/20130702194203/https://www.havelockinvestments.com/fund.php?symbol=SDICE&action=getdetailshttps://web.archive.org/web/20130702192803/https://www.havelockinvestments.com/fund.php?symbol=SDICE&action=getupdatesIPO https://bitcointalk.org/index.php?topic=101902.msg1433087#msg1433087Can't recall exact shares they held but somewhere around 6200 Units + If you look at the updates from the archive February 5th, 2013 - Well that was exciting! S.DICE sale on MPEX sold out in ~20 seconds. I managed to get 120,000 of the 1,000,000 shares for Havelock (12% worth of what was released) at a decent rate of 0.00557 for 100k and 0.00550 for 20k. I subsequently listed them on Havelock at 0.565, and sold out immediately (eating up all the bids between 0.645 and 0.565) Sounds like there'll be another 1,000,000 on sale again tomorrow night on MPEX, probably at slightly higher rate.. If there's bids in the order book for Havelock, I'll try again to buy what I can to match it up! Have a good night! James https://bitcointalk.org/index.php?topic=136671.0Confirmation https://bitcointalk.org/index.php?topic=134370.msg1433091#msg1433091Closed https://bitcointalk.org/index.php?topic=101902.msg2759533#msg2759533Started at Havelock Passthrough: 0.00480000 That said if anyone is 100% certain of some other numbers feel free to call me out  Pretty sure its on the money MPEX Stuff https://web.archive.org/web/20120907063551/http://polimedia.us/bitcoin/assets/S.DICE_Prospectus_Summary.pdfhttps://web.archive.org/web/20130502225616/http://www.polimedia.us/bitcoin/assets/S.DICE_Prospectus_Full.pdfDividend record to May https://web.archive.org/web/20130502173747/http://mpex.co/?mpsic=S.DICEFinal Dividend https://bitcointalk.org/index.php?topic=101902.msg2759402#msg2759402Old Summary http://tradeblock.com/research/bitcoin-gaming-satoshidice-acquisition-analysis/http://buttcoin.org/satoshi-dice-sold-for-12000000-forces-all-shareholders-to-give-up-their-sharesThe total sale price is 126,315 BTC, or 0.00126315 BTC per share. According to the MPEX Agreement, MPEX holders are entitled to receive 0.00126315 BTC per share, alongside other private owners. However, for the good of the MPEX holders and for the sake of the general Bitcoin community, which the site always has intended to support and nurture, SatoshiDice has arranged to pay MPEX holders an additional .00223685 BTC per share bringing the total to 0.0035 BTC per share. TL/DR Summary Profit was made lol http://tradeblock.com/research/wp-content/uploads/2013/08/shareholder-return.pngAlso back in the time machine CAVIRTEX Sorry about S Dice didn't save a prospectus so if someone has it can they share it instead I do have one for virtex though so you can get all the info you need. End result Company shutdown the Bitcoin asset Tied their shares to Fiat and released share certificates worth $30 bucks tied to BTC making them hard/impossible to trade lol. https://bitcointalk.org/index.php?topic=218435.msg3954404#msg3954404http://depositfiles.com/files/xufm7ut77Minimum purchase: 1 share Share price: $30 CAD = 0.64 BTC5 VirtEx IPO will issue 10,000 shares for sale on www.havelockinvestments.comon March 19, 2013 SYMBOL: VTX |
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I used to know a couple of people who would fall for those fake "Download" buttons that try to install junk on your PC.
I still know people who fall for this. Some of these peoe are IT SPECIALISTS. And when I'm with them, they ask me "Why didn't it work?" And I have to go on a five-minute explanation explaining why one download button isn't the one they need, since they cannot understand "It's an ad. The real button is over here." I seem to know the least tech-savvy people. A few don't even know what RAM is. It really does disappoint me. But I am curious to know what the average tech say vines was. That could have a big impact on why everything played out the way it did. Sigh I know the same, people will fall for that fake download button a lot more than I admit Of course it comes loaded with a viral file or something of the sort instead of a legit download lol. Hmm IT Specialist = Technical Support guy lol unless they are like the A rank rep they don't know much Which is why I ask for the promotion rank right off if its a challenging task. |
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They were left for dead when Amazon got huge. Now suddenly they are in the spotlight again. I use them when I can find what I need there. Hopefully in time that will be more and more.
Although Overstock has managed to pull out from accumulating losses, their profit margin is minuscule. That is understandable, as the minor players are finding squeezed more and more by the unholy alliance of Amazon-Ebay-Visa-Master-Paypal. For now at least, I think that unholy alliance is going to get broken by developing payment systems such as Bitcoin in a few years if some Bitcoin companies can develop enough to become significant enough to counteract them, then again the stock market for Bitcoin is still non-existent some venture capital and funds that run on Bitcoin but not really any tickers so their is room to grow. So the question is which will happen first? 1) Amazon/Ebay recognize why they should partner/integrate with bitcoin related business methods? 2) or will Visa/Master/Paypal recognize they should partner/integrate with bitcoin related business methods? That's a really good question I think it will be a bit of both but more to the 2nd factor rising companies in Bitcoin will start making the other large organizations react in turn to counteract them, depending on how early they nip it in the bud the damage could be small or quite large. As for Ebay Paypal they will probally still be paying lip service for a while Number four is already happening Mastercard is looking at it as an expansion to their business and working with Cavirtex which now has Visa's and Debit Cards so it's possible they will expand it globally. 4.) PREPAID MASTERCARD WITHDRAWALS To give you even more account flexibility we are introducing CAVIRTEX prepaid Mastercards. Using this option you can withdraw CAD from your CAVIRTEX account and load it onto a prepaid MasterCard, which can then be used everywhere MasterCard is accepted. Great news starting to feel like buying some Overstock shares Companies that are forward thinking make good returns No doubt. Soon you'll be able to pick them up on havelock. No wait, they only list stocks that depreciate in value. My bad! He-he Nice |
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Thanks for that breaking news indeed It makes the next game against the Germans all the more interesting |
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I didn't get what you wanted to say, sorry. Oh simply Bitcoins can't be blacklisted The people can be caught but a Bitcoin is the same whether used to buy a TV or Drugs but a blacklist of users would not work in practice unless they monitored everyones IP addresses etc. |
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This year so far, there has been considerable reduction in the oil output from Russia and Saudi Arabia. The Russian oil production has fallen by 4%, while the Saudi output has declined by 2%. And the Iraqi and Libyan oil production are nowhere close to the optimal levels.
That and its a bit funny but the only place with increasing oil production was the area that is now in the middle of a civil war That and the US kind of killed Libyas production which is still reeling http://www.arabnews.com/news/593696Libya, with its 48 billion barrels of reserves, is pumping a mere ten percent of what it can, the lowest level since September 2011. Sabotage has significantly reduced the flow of oil out of Nigeria as well. And, if Iran and the West can’t reach a deal on Iran’s nuclear program in July, Iran could soon be facing renewed sanctions on its oil industry. In other words, Iraq might be the least of the world’s worries That said apparently the fracking is working why I mentioned US/Can supplies being secure since supplies are up because of North American production. But still affected by speculations on the price but a recent study proved it does cause the earthquakes lol because the wastewater never comes back well for a long long time. http://www.cbc.ca/news/technology/earthquakes-triggered-by-fracking-wastewater-in-oklahoma-1.2695536 |
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We are starting to see the diffusion of Bitcoins into the mass populace but a large amount are still either in the hands of technocrats or innovators.
From a 100% concentration when Satoshi first held them to a more diverse set of users.
Could you please name those technocrats who have publicly claimed their bitcoin holdings? I would love to but that is what pseudo anonymity is we can't really know who they are and they won't reveal themselves publically since that is what a crypto anarchist is That said we do have a rough idea of it https://bitcointalk.org/index.php?topic=321265.0https://bitcointalk.org/index.php?topic=321265.msg3440829#msg3440829https://bitcointalk.org/index.php?topic=316297.0Chart note 2013* could have changed http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12The list is dynamic and it does change hands now and then example Karpeles and Tim Draper are examples of this but there are still a fair amount in the hands of these technocrats if you look at the names on the list. But the gamblers are weaker than the technocrats and the ones who want to innovate Bitcoin.
I agree that the gamblers are weaker and slower, and they won't be able to run along with the development. But the technocrats aren't obsessed about Bitcoin, that is a specific product represented by a specific brand name, and that has a specific unit value. Bitcoin is not important, what is important is the idea and the technology that bitcoin brought forward. Bitcoin is like the first popular Apple's personal computer model, it had it's importance in history, but the entire idea brought forward a new wave of improvements in the form of new and improved examples. Cryptocurrencies in general is the future of this idea. A world where the dominant coin will be decided by it's technical qualities and by fair competition. The bitcoin fanatics are mostly dreaming that the world would be stagnant and the field wouldn't evolve past bitcoin. They do that because they are afraid that they can't keep up with the changes, so no easy riches for them. True technocrats aren't these kinds of fanatics. That and the fact that the gamblers will likely speculate and sell their fortunes before they become significantly large impacts this metric as well Consider the movement from 90 to 250 if the speculators sold at 250 and re-bought at 90 they would have made a profit and nearly tripled there coins. However on the inverse the ones who bought at the previous peak likely sold their coins at a loss and took a burn for it only to have those coins rebought again by new speculators. The same can be said of those who bought bitcoins over 1000 dollars and still have not broken even yet if you don't have a large capital base to rely upon it still is possible to burn yourself at the same time if you go on a buying spree the market will also push the price up unless you buy at a steady rate so it does impact the power of speculators. Without a contract for difference or an efficient shorting mechanism its harder to leverage without owning any coins unless your willing to take a large spread. As for Bitcoin being the first of many I agree it could become napster but it likely has a good 10 to 20 years before it gets superseeded by another technology or it could be longer if the developer team is still strong and able to keep Bitcoin up to date with competing ideas and currencies that said the idea of a digital payment system is here to stay and we need one to succeed before we can build up others. That is why Bitcoin will likely still be around for at least the medium term to prove to the world that a digital payment system based on cryptography is useful convenient and an alternative payment system that people can use. The bitcoin fanatics are mostly dreaming that the world would be stagnant and the field wouldn't evolve past bitcoin. They do that because they are afraid that they can't keep up with the changes, so no easy riches for them. True technocrats aren't these kinds of fanatics.
Not true one technology can connect to another those same cryto anarchists are not known to leave projects alone they tend to develop other things example some are looking at Ethereum or Darkcoin and Bitcoin 2.0 protocols its just a movement forward. One can look back at Hal Finneys development of PGP which helped lead to Adam Backs hashcash then see that it was that idea of a payment system that uses proof of work that leads to Bitcoin which added cryptography and a ledger to it, the future is full of connections to the past its just how we make them that matters. As long as it develops privacy and open new usages for technology people will move to develop it and it is the policy of the cypherpunks. Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn't want the whole world to know, but a secret matter is something one doesn't want anybody to know. Privacy is the power to selectively reveal oneself to the world. These lists don't show anything when a person can have unlimited amount of different addresses. As far as we know, the majority of top500 addresses could belong to only one person, right? It is possible there are large holders we do not know of that keep small balances in multiple wallets but in answer to your question if they all belong to one person, we can say no to that since we at least know there are 50 unique users with balances and those balances are not connected to other large accounts. Re this one https://bitcointalk.org/index.php?topic=321265.msg3440829#msg3440829 |
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Can you add Tim draper to that list he has acquired a fair number of coins from the Silk Road Auction |
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No major change in the usage of energy since the beginning of the last century. We still rely on power plants built 1/2 a century ago. Cars run on the same hydrocarbon fuels, except now we can lug around heavy batteries too.
For every 1% increase in efficiency the world is using 2% more energy.
Yep Jevon's Paradox the more efficient the technology the greater the consumption. At least it means we are finding efficiencies though take the nuclear energy industry no new capacity since the 1970s but it still retains the same market share due to improvements over the decades. I'm hoping India's thorium projects will provide some critical success and show an alternative to the current fuels used in modern reactors. That is a project that has a 50 year vision, not the week by week energy policy of the US. I think that Thorium was a smarter idea than uranium as an energy fuel historically the main reason uranium was used was because it was possible to build a nuclear weapon out of it while thorium reactors while not impossible to make nuclear weapons with was more difficult to use. http://www.beyondnuclear.org/storage/fact-sheets/Thorium%20and%20Nuclear%20Weapons.pdfThere were already thorium reactors 30 to 40 years ago experimental types but they were destroyed in favor of a Uranium based alternative, that said India has a lot more thorium than uranium so it makes sense for them to switch over to that instead to power their cities. Still if the world had thorium and uranium reactors built simultaneously instead of favoring one over the other as the founder of the nuclear navy General Rickover wanted the sustainability of alternative energy systems would probably have substituted oil and as long as proper care is given and we don't end up with Three Mile Island or Fukushima incidents. That said this is also the same man who helped to develop the efficiencies of Uranium based reactors to its current standard by always seeking to improve it so he deserves some credit for that as well, although he did purge Weinberg in the process as a non-negotiating person. http://www.energyandcapital.com/articles/admiral-rickover-missed-the-boat-on-thorium-and-doomed-us-all/4496The idea of using thorium for nuclear energy has been around for decades. But it has always taken second place to uranium because — get this — it is hard to make bombs out of it. That's right; when the world's superpowers were waging the Cold War, the last thing they wanted was nuclear power that wouldn't destroy their enemies. The result of this was that Admiral Rickover, the father of the nuclear navy, pushed uranium over thorium. The scientists who worked for the military went on to civilian life after the war and replicated what they knew, and that was uranium-based reactors. The sad part is that thorium beats uranium in all aspects of electricity production. It is cheaper, safer, faster, scalable, more efficient, and produces much less waste. |
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Now now no need to kill the coders if they design something that works
The most important thing is the utility but it I get this right lighthouse --> Bitcoin foundation 2.0 ?
Janssens said that the Bitcoin Foundation has failed to meet critical funding needs owing to the structure and operational tendencies of the organization, necessitating a project like Lighthouse.
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