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Stability is obviously kind of important for merchants. Either that or else the ability to convert bitcoin to and from fiat really quickly (as in about as quickly as sending bitcoins from one address to another) I think the second is more likely than the first in the foreseeable future. I also think that will increase adoption dramatically, becuase it makes it much easier. Bitcoin ATM might help with this.
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silk road has been under attack for a while now and is constantly going down
im sure that is contributing
It should contribute to people using Atlantis, but I guess Atlantis doesn't have as much press as silk road. |
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Btw, this is the last day when we see $95 EVER, you can quote me on that.  And quoted. Wonder if that will ever go explained, because I've seen $95 (and lower) now so many times in the last 24 hours.... Explanation ... he's full of shit and talking his book He seemed fairly sure that if it hit 95 it would then drop to 73 |
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There's also an alternative to Silk Road, called Atlantis, that has been up consistently and has just as good a selection of products.
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Magic cards are, actually, still quite valuable. They've held value longer than beanie babies, that is for sure. I am actually surprised that there's not a bitcoins for magic cards marketplace out there, considering MTgox's origins.
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People that want to buy coins want the market to go down, they'll make all sorts of noise to scare people.
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You should have thrown some words in there that don't make sense in the context. Fibonacci, maybe quantum, named off some animals. The raccoons totally have a chance to take advantage of the possums. Then people would think there was more than just a hunch and it would end up bolstering confidence and start driving the market back up.
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I am looking for $700 to $1000 depending on the exchange rate offered. Let me know your offer. I will transmit bitcoins upon receiving a Western Union tracking number which I can verify.
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My wife likes dressing up in kinky clothes. She's a big girl and I am curious if anyone is selling plus size kinky clothes for bitcoins.
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Now, just to keep us all intellectually honest, it is probable that Bitcoin would prevail over an improved crypto-currency simply because of its momentum and first mover advantage.
That said, the limit on BTC is one of its big advantages. Even Krugman can see that.
How is the limit one of its big advantages? A deflationary spiral isn't possible because early adopters will step in and take a good chunk of the value away? Even if the coins were distributed in a more realistic fashion such as for real work performed, what measures are there to stop what happened during the great depression from happening with bitcoin? Is there going to be some measure to prevent bad investments? Are we to just hope that bitcoin never becomes large enough compared to the world economy? I mean for crying out loud, bitcoin has already experienced a deflationary spiral, and early adopter money was released from the hoards to resolve it. Demand far outstripped supply, though in this case it was due to the supply being held back by a select few rather than bank failures and what not. Imagine if there was actual investment going on in bitcoin and the price rose from $2 to $30. How in the ever-loving FUCK would someone pay back a loan? "uhhh, hey bro I can't pay you back for that snickers bar because that amount of money would now buy microsoft, sorry dude" pay it back with a snickers bar. There have to be mechanisms to absolve debt in any system, the ones in a deflationary system are just different than those in an inflationary one. |
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So on the original subject, anyone know how much volume SR is doing? Or other black markets that use bitcoin?
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The rich can pay for the cops, the courts, and the military. Right because you don't use any of that. I forgot about the fact that I get a police escort every time I go to the bank. Oh wait, I don't. If I want any extra security, I have to pay for that. How many rich neighborhoods have the cops there daily making arrests vs. poor neighborhoods? Many of us live in gated communities with a private guard at the gate. We don't need the cops there. How many court appearances are by the poor after raping, robbing or driving around drunk, etc vs. the rich? As for the military, I don't see how any of us benefits from murdering people on the other side of the planet. The only thing we need is a coastguard and a few nukes pointed at anyone thinking of launching theirs at us. We should also include the fact that welfare keeps the masses from rioting/stealing, so the rich, who would be the ones hurt by the rioting and stealing can pay for that too. So, pay money or get assaulted or stolen from? That's called extortion. If I want extra security, I'll pay for it, just like I already do. I agree regarding infrastructure - corporations definitely use a large chunk compared to the average consumer. Like I said, I don't have any employees. My infrastructure consists of a few web servers which I pay for and a computer at home, which I also pay for. Some companies may use a lot of a resources but that doesn't translate to every millionaire being the owner of one of those companies. I can tell you have never spent any time being poor. I assure you, the cops, courts, and military are NOT protecting the interests of the poor or the working class. And I can assure you, they are. See? I can make statements without anything to back them up too! Except that you are coming from a position of privilege and have admitted you have no experience being poor. I've been robbed several times, the police did nothing. The fact that the majority of arrests and court appearances are the poor is one more sign that these systems work for the rich, against the poor. Poor criminals go to jail, rich ones pay small fines and go back to committing crimes. |
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The issue, for me, is not privacy. I understand that the government is filtering pretty much all internet traffic. My issue is with storing info in fairly unsecure areas. I don't want my credit card number being held by my ISP where Lulzsec can get at it much more easily.
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Bottomline: If you have powerful centralized control, the corporations WILL go after it and corrupt it. That is a FACT you so conveniently ignore.
Absolutely, however corporations are powerful, centrally controlled organizations and we must work to destroy their power as well as the power of government. They are two heads of the same beast. |
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At one time Republicans stood for protecting personal freedoms, oh well...
When? back during the Civil War? |
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The rich can pay for the cops, the courts, and the military. Right because you don't use any of that. I forgot about the fact that I get a police escort every time I go to the bank. Oh wait, I don't. If I want any extra security, I have to pay for that. How many rich neighborhoods have the cops there daily making arrests vs. poor neighborhoods? Many of us live in gated communities with a private guard at the gate. We don't need the cops there. How many court appearances are by the poor after raping, robbing or driving around drunk, etc vs. the rich? As for the military, I don't see how any of us benefits from murdering people on the other side of the planet. The only thing we need is a coastguard and a few nukes pointed at anyone thinking of launching theirs at us. We should also include the fact that welfare keeps the masses from rioting/stealing, so the rich, who would be the ones hurt by the rioting and stealing can pay for that too. So, pay money or get assaulted or stolen from? That's called extortion. If I want extra security, I'll pay for it, just like I already do. I agree regarding infrastructure - corporations definitely use a large chunk compared to the average consumer. Like I said, I don't have any employees. My infrastructure consists of a few web servers which I pay for and a computer at home, which I also pay for. Some companies may use a lot of a resources but that doesn't translate to every millionaire being the owner of one of those companies. I can tell you have never spent any time being poor. I assure you, the cops, courts, and military are NOT protecting the interests of the poor or the working class. |
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BTC are not centralized, so pegging them to anything would be impossible.
However, feel free to create a new cryptocurrency pegged to whatever you would like.
That is what I mean, if you do not have a centralized authority, the pegging system would be based on totally another set of rules independant of central bank, this might bring BTC some advantage against fiat currency, whose value changes a lot nowadays If BTC value is very unstable like we have seen, then only speculators will be interested, no real economy will grow out of it So start pegging it. Offer buys and sells at the rate that you feel is a fair peg. I think you'll discover the disadvantage of that system very quickly, but at least you will have learned something. |
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A clarification of my OP: My strong reaction to this news story was not out of fear for my own children (although I do what I can to keep them safe). However, I believe that being a parent makes you more sensitive to violence against ALL children.
Also, I should perhaps disclose that my political and moral beliefs place me in a tiny minority here on this forum. I am an extremely right-wing bible-thumping intolerant evangelical Christian, and believe that any sex outside of heterosexual marriage is a sin. I love it when murders and rapists get the death penalty and I do what I can to see that unborn babies live. I would live in Texas if it wasn't so darn hot. I can't stand organic food (I miss the pesticides and hormones). I'm a wild-eyed Jesus freak, and I try to live my life in complete obedience to the Bible. I get annoyed because Republicans (and the tea party) are not conservative enough for my tastes. I'm that annoying goody two-shoes church-brainwashed killjoy who condemns your fun and tells you that you need Jesus to save you from your sins.
To many of you, I am the very face of evil, much more horrifying than the pedophiles in the article above.
A couple of bits of the bible that I am curious how you feel about. The first is Acts 5, the second is Mathew 5:39 They both seem to be in contradiction to the Conservative approach, Acts 5 to the materialist approach that is opposed to taxes and Matt 5:39 to the harsh punishments approach. I'm not Christian myself, but I am curious how someone who is very Christian reconciles these with Conservative beliefs. Don't bother, he was trolling. I checked back on a couple of his posts, the pattern is recurrent. There's even a post where he confesses to the habit of starting a thread with an upsetting topic to get people's attention. I've got no problem with a troll playing devil's advocate. Those conversations can be all sorts of fun. |
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BTC are not centralized, so pegging them to anything would be impossible.
However, feel free to create a new cryptocurrency pegged to whatever you would like.
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If I knew of a way to stop an abortion beyond voting (but short of murdering abortionists), I would totally do it.
That's easy, sponsor contraceptives, enhance their availability, ran comprehensive campaigns educating people about using contraceptives.  If they don't get pregnant, they won't need abortions. I would say the biggest anti-abortion program in the US is welfare. Having more babies means having more money, who would abort when that baby is a meal ticket? |
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