Isn't Japan's debt something like 230% of GDP?  Lets assume it is and like most sovreigns it is in a mixture of outstanding maturities.  Lets also assume the weighted average is 4.5 years so 18% comes due each year.  Roughly 41% of GDP comes due every year.  Japan current year deficits are 9% of GDP so to avoid rising interest rate the Central bank would need to increase the money supply by roughly 50% of GDP annually.   Now most countries have a very low velocity right now (US is ~1).  If Japan is like the rest of the world you are essentially talking about 50% increase the money supply year over year.

I would call that hyperinflation wouldn't you?

Correct however interest payment will only be once per month (600 LTC on a 15K LTC note per month).  I know monthly interest payments are less popular so I am willing to prepay the interest up front (i.e. pay interest for motnh of Dec on Dec 1, by Dec 31st the prepaid interest has accrued).  Willing to work with multiple lenders if necessary but would like to keep it to 2-3 max and the min per note at 5K LTC simply because payments will be made manually.


Correct.  Min length is 90 days it can be repaid (fully or partially) by me at any time.  Lender can call the note at time (after min of 90 days) and it will be repaid in full within 30 days.

If this is a serious inquiry I can draw up a promissory note for you to review.  Just let me know.

Given the GLBSE fiasco combined with unknown legal issues I would rather just do this as a straight note.  I have arranged (for Tangible Cryptography LLC) a large number of BTC denominated notes under similar terms and conditions.

If you don't have a backup of your old wallet the funds are gone forever.

The public address doesn't allow you to control funds.  Remember anyone can see any address in the network.  Simply knowing the public address doesn't allow you to move/spend funds.  For that you need the secret PRIVATE key in the wallet.dat

Sorry man.

You do know that difficulty adjusts to keep the rate of blocks at ~ 1 per 10 minutes over the long run?   It will be over 130 years before all coins are mined.  Hell it will be over 10 years before 90% of the coins are mined.  In the short run (say 1000 or so blocks) miners can mine faster than the generation rate but difficulty soon catches up and over the long run generation rate will be very close to 52,560 blocks per year regardless of what the hash rate is.

What would that accomplish?

An increase in the (local) money supply without an increase in production simply results in price inflation.

I rate this AAA+.   Nah you get the first AAAA+^(3.14E27) The title of the thread would be so hilarious if hundreds of people hadn't pissed away thousands as idiots.

who is this "new guy".   President Obama?  Steve Jobs?  "new guy" means absolutely nothing.

sturles is a trusted trader but 99% chance he wouldn't be selling BTC for $8.50.    So if it is some random scammer claiming to be sturles well he is a scammer.
on edit:  is it this guy (who got caught pretending to sturles) https://bitcointalk.org/index.php?topic=125489.0;topicseen ?

BTW a link to "rep" means nothing.  Anyone can link to anyone profile.  See here is an authentic link to my house:  http://www.whitehouse.gov/sites/default/files/image/whitehouse_historypg.jpg



Hint:  NOBODY is selling BTC for $8.50.  They could sell on fastcash4bitcoins 24/7/365 with no risk and and get more than $11 right now.

Well that didn't take long . . .
https://bitcointalk.org/index.php?topic=123866.msg1340013#msg1340013

MoneyPaks are money. Nobody sells money half off.  
"Hey I just opened a dollar bill store, all dollar bills are $0.50"

I wish I could say it is hard to believe but ... https://bitcointalk.org/index.php?topic=125399.msg1338776#msg1338776

Hopefully you haven't spent any of that because GreenDot has no problem with suing your ass personally for every single cent "you" (you are the one using the MP) stole.  Of course all your cards required KYC information like name, SSN, phone #, address so filing a lawsuit is cut and paste.

Recommend you request a scammer tag in the scammer forum so at least other noobs don't lose funds.

In the long run any fair pool will pay the same (before fees).

I tried to get Bitcoin in VA but someone had already snagged it almost two years ago.   Virginia, center of the Bitcoin universe? 
Stupid VA and 7 digit plates means no Bitcoins.

My wife said no to my plan of renting a garage in North Carolina so I could get Bitcoin plate from NC.  I mean that is normal right?

Agreed.  In a perfect world we would have 50,000 BTC and $500,000 USD in reserves, never run out of either coins or dollars, and buy/sell at a spread based on our own supply/demand (i.e. buying at $11.00 and selling at $11.40).  

We aren't there yet.

Well I was comparing it to just a month ago.   At one point BD was 1.5% under market rate and when we continually ran out of USD our margin on FC4B has been as high as 7.95%.  It is a balance.   Prior to roughly a month ago we never ran out on coins.   Hell we sold an excess of thousands and thousands of coins a week on the major exchanges week in and week out for months and that was when offering as much as 1.5% under MtGox.

Demand has increased.  That is a good thing but it also leads to problems.  I am not going to crush our margins though just so we can sell more coins for a smaller profit at higher risk in some "goal" to beat demand.  Sorry.

Game. Set.  Match. 

I understand EFF needs to draw a line and not promote a technology (and the shouldn't) however the argument that they can't use a technology without being compromised is (as indicated above) weak.   Other than the internet they have been involved in cases related to domain name disputes, digital content, and strong encryption.   Do they also strip themselves of those technologies.  Winning cases and lobbying on behalf of FREEDOM in those areas also directly benefits themselves.   In the payment arena, the EFF accepts PayPal which could be a source of future legislation or legal action.

Lastly it isn't like EFF is suing to get clarification on legal rights of Bitcoin.  They are simply accepting the status quo while saying they (and by extension nobody else) should use it because the legal area is gray.

So the legal aspects are gray, therefore nobody should use it.  If nobody uses it then there will never be a legal challenge.  Without a legal challege the legal aspects will remain gray.

I mean if it requires Congress explicitly declaring Bitcoin legal before the EFF will defend it then why do we need the EFF?

We raised our buy price by MORE than the amount we raised our sell price.   FC4B had a 5.2% volatility adjust margin and  BD has no fee (5.2% total spread - volatility adjusted).  Today FC4B has a 3.95% volume adjusted margin and BD has a 1% fee (4.95% total spread - volatility adjusted).

So we should charge 5%?  At a 5% premium demand likely would be much less and it would be much easier to keep coins in stock.  Are you sure that is the comparison you want to make?

I am sorry you are unhappy we HAVE raised our buy price and it is bringing in an increased volume of coins however demand for coins is still higher. 

Only an idiot was dispute a delivered items as not received.   Read up on "Item Significantly Not as Described Dispute".

I am fine with all 4 of those but there is a 5th option.

Actively engage in disinformation and lobbying to ensure your existing methods remain viable and your Bitcoin accepting competitors take a financial hit.

Correct, "six figures" as in over $100K USD.
Yeah 100,000 BTC would be really nice.  Maybe in 2013.