Just imagine you have $600 (which is an unfortunately small amount to "multiply"). Transaction fees and other costs guarantee an investment of $600 will likely have a lower risk-adjusted profit than if you had more. I can't imagine BTCjam or Havelock return anything close to 8% after defaults.
in BtcJam there are a lots of ponzis and doubtful projects, unfortunately it's scammer's heaven Havelock on the other hand, have better projects but many of them pays revenues according sells of each company, but those sells are paid with dollars, so if the company sell 10.000usd in products, then your dividends in bitcoins are a part of this amount. If the price rises, the company income still are 10.000usd, but your dividends in btc will be lower I would not invest in a company whose income are in usd if I expect multiply my bitcoins, but this could be a good opportunity if you have some USD Even havelock has mostly risky investments. Granted they carry less risk then the average BTCJam loan, but still a lot of risk by most people's standards. I think the best way to invest 1 BTC would be via collateral loans. It will require a lot of sweat equity in terms of approving and managing your loans, but the returns are generally very high and the risk is pretty low. And you also have the risk of Havelock itself scamming shareholders. We need a decentralized stock market in BTC. Loans take too much time to manage. |
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1) in NYC 5000 people out of 8.4 million pay 50% of all city taxes
2) in California 150,000 pay 50% of state taxes
3) in America the top 1% pay 40% of all federal taxes.
No other country rips off the rich like we do in America but ,sadly, the joke is on us because when you take incentive and capital from your most productive citizens and give to your least productive, ie., liberal bureaucrats and free loaders, everyone suffers in a poor economy whose heart has been cut out.
Democracy sucks. I wonder who would win if everyone got a number of votes in proportion to how much they have paid in direct taxes. You would be back to the 1500s - the era of kings and queens.  Why do you think that? People that pay a lot of taxes want less government interventionism (unless they are crony capitalists), not more. |
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Dollar is going to collapse and a totally new currency is going to be created.
I don't know if bitcoin will be of any use by then.
Why not? Bitcoin is superior to the USD in many aspects. And we don't need to wait for the USD to collapse to widely use it. |
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Come on, haven't we suffered enough Socialism? Didn't Austrian economists already refute socialism many decades ago (Böhm Bawerk refuted the absurd labour theory of value in the XIX century! http://mises.org/daily/1680) Don't you study history? Austrian economists are bourgeoisie followers, smart people have absolutely no trust to them! Marxism polylogism. http://wiki.mises.org/wiki/PolylogismCuba was one of the richest countries of the world before communism, now it's one of the poorest.
Don't mention Cuba - it have to survive under U.S. blockade. Try to export something to Cuba. It's their government that doesn't allow imports. Or look at the difference in purchasing power between North and South Korea.
South Korea have strong anti-communist censorship and don't let to talk freely about the North Korea. In fact, many people in the SK want social benefits which NK have. If South Koreans really preferred North Korea, they would just emigrate. On the other way, North Koreans can't easily emigrate. The same happens with Cuba and happened with the USSR. What about the number of people that died in Russia, China or Cambodia?
Capitalism killed much more (Great Depression, WWI, etc)! Great Depression was caused by government interventionism, which is anticapitalism. The same about WWI. It wasn't the free market but governments which declared war and attacked others. Looking into the reduction in poverty under a freer market system in America in the 50's. It decreased year on year by 1%, capitalism reduces poverty.
There was even no integrated circuit invented in the 1950. Technologies wiping out demand for labor without creating new jobs in adequate quantities as it had been during last centuries. Why are socialist countries poorer then? It isn't a matter of technology, but of freedom, property rights and capital goods per capita. |
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Just another ponzi scheme. I don't get how people keep falling for them. It seems like I should just create a ponzi scheme also  |
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I was so eager that I paid off a 4.4% $150k 15y mortgage in a few years. now some people are analyzing and suggesting that i should have run it out.
thoughts?
4.4% is low, but I'd probably had also paid it, so I could forget about it, I don't like owing money to anyone. If you were comfortable with it, you could had invested in the stock market, which produces 5.2% real return (at least for the last 113 years!). By this measure investing in the stock market would have been the better bet, before taking taxes into consideration. Taxes would eat up a lot of these gains, and you would pay taxes on your pre-inflation gains (not inflation adjusted). Well, you don't need to materialize all capital gains. Maybe you have enough with the dividends. So you don't pay that much in taxes. It also depends on your tax bracket, of course. |
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Capitalism and socialism are both huge red herrings. It is important to note that many, such as the above poster, have no idea what socialism is, considering that they think "corporate bailouts" = "socialism."  It's socialism in the sense that there's a distribution of resources, from those that are productive and made good decisions to those that made mistakes. |
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Suggestion: Look for a gambling site with big faucet. Get the faucet and then bet all in in their dice game. And then all in. And then all in until you reach the minimum cashout. You cashout. Play again in the faucet. : )
What's your expected return per hour doing that? $0.01? |
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This is how the greedy insurance companies are squeezing the hard working American citizen. Forget about the blood test, every single type of medical treatment in the US costs as much as 500 to 1,000% more than what it costs in the EU. A surgery which costs $100,000 in the US can be performed for just $15,000 in Belgium, or $10,000 in Russia. Only one solution for this. Nationalize the healthcare sector.
What happens in USA is precisely because of government interventionism. They subsidize health care by giving tax incentives. |
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Ok, nice, but how much do they spend? In the article it just talks about $60000 in electricity. If they spend that much then they will likely end up having to turn off the miners within a few months. That comes out to 30% of the mining revenue (to be paid for electricity) and with 20% difficulty increases the cost of electricity will exceed the bitcoin mined in 7 difficulty increases. And that's just one of the costs. Then you have to take into account the investment in hardware, the rent they pay, the opportunity costs of not working in another place, taxes, etc. |
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There is no any perfect political system for every person,No matter how perfect of a political system you would make,there will always be people whom you harm.Some citizens aren't made for any political system whom we call non law abiding citizens,Good for nothing
Who is harmed by anarchocapitalism? Parasites that have to start doing something productive to live? |
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At this point mass acceptance is leading to lower btc price because merchants are immediately converting the btc to fiat
That makes no sense. BTC are just changing hands. To lower the price you need to increase supply more than demand. |
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Both Bitcoin and gold are going down right now (silver and oil too, for that matter), so what should we buy? We should buy dollars (or stick to)!!!
We should buy what we think will increase in value. It doesn't matter how they have recently done. |
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i will pay for sure if there is a discount for payment with bitcoin
So far, only newegg and dell offering discount when paying in bitcoin. The offer is for limited time only. More stores will start doing the same. 5% discounts are quite viable, when you take into account Paypal/credit cards fees plus the risk of being scammed. |
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You can get scammed by listening to or clicking on any of the sites made or run by the jackass above me. Dr. mISTEAL Moriscammy PhD Can you get scammed just by clicking that link? How? |
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What about businesses and online retailers though? What do you think their thoughts are? More so new customer traction due to bitcoin? hoarding coins? to gain more profit for product sales?
What do you mean? For businesses bitcoins are fantastic, as they can't get scammed and they don't have to pay any fees for accepting them. They don't lose anything for offering customers to pay with them. |
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I really doubt something like Atlas Shrugged's Galt's Gulch would be possible in Chile, were socialists are back in power. It seems more viable in more free countries, like Hong Kong, Singapore, Australia, New Zealand, etc.
Agreed that there are other countries to consider, but... Singapore does not belong on the list, since their drug laws include the death penalty (!) for selling even moderate amounts of some drugs. Yeah, that sucks, governments shouldn't intervene in that field. Everyone should be free to do whatever they want with their body. But even considering that, I'd love to live there, as it's really free in many other aspects, which are more relevant to me. |
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Great. Now we just need to get rid of custom taxes.
That is the hardest part, overstock doesn't allow modify the invoice. We'll have to get rid of governments then Or at least of governments that steal so much from us. We should copy countries like Hong Kong, where there aren't custom taxes. |
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we need to bring btc to the mainstream
You can help by giving goods at services in exchange of BTC, while making a discount over other traditional payment methods. That way customers will be encouraged to use it. Like Newegg recently did. |
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I can never understand why so many people lose faith in things so easily. Bitcoin has been around for what now....5 years? In those 5 years we have seen bitcoin rise and become more popular and even some companies are now accepting it, to me that is a huge step and shows me that bitcoin still has a way to go yet. It's far too early to be losing faith I feel.
I agree. Why should we lose faith? Bitcoin is still vastly superior to fiat alternatives. It seems obvious to me that crypto currencies will be widely used in the future. It's just a matter of time that more and more companies accept them and encourage people to use them, by for example giving discounts over other methods like Paypal and credit cards. |
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