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.

Sounds like a fun guessing game so why not
-MCGREGOR- round 4

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

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

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.

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.

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
https://www.mintpal.com/

Have fun

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.

[/list]

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.

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  

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

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.

Actually you might have a point I did post that they only had to pay 7 billion for the Subprime mortgage Crisis
Forgot to check how much citigroup got in a bailout for comparison

But its actually win win win
If people default they get all the stuff they have and its on fractional reserve anyway so it has more value in tangible assets than it does on a computer.

http://www.reuters.com/article/2008/11/24/us-citigroup-idUSTRE4AJ45G20081124

Back in the time machine

(Reuters) - The U.S. rescued Citigroup Inc, agreeing to shoulder most losses on about $306 billion of the bank's risky assets, and inject new capital, bolstering investor hopes that the government will support big banks as the economy sinks into recession.

In exchange here is 7 billion back
Government its cool now you paid your debt to the USA

----
In return, Treasury and the FDIC will get $27 billion in preferred shares, of which $7 billion are a fee that Citigroup pays in exchange for the government guarantee.

(Not sure if they sold the shares though but if not 500% over their buy in price)
http://www.marketwatch.com/investing/Stock/C?countrycode=US

The Chamber of Digital Commerce announced itself on Saturday at the North American Bitcoin Conference in Chicago. The group is registered as a 501(c)(6) nonprofit, which allows it to act as a lobbyist, and is being led by Perianne Boring, a former journalist and Congressional staffer. It has early backing from RRE Ventures and Tally Capital, which are leading a seed-round of fund raising.

The group’s goal is to “legitimize” the digital currency in the eyes of D.C. policy-makers, and to provide a place where they can get “non-biased” information.

http://blogs.wsj.com/moneybeat/2014/07/18/new-bitcoin-lobbying-trade-association-announced/

As long as we don't call it the Bitcoin Foundation 
We had enough fun the first time with that don't want to see a 2.0 lol.

http://blogs.wsj.com/moneybeat/2014/07/18/new-bitcoin-lobbying-trade-association-announced/

Well too late actually looks like we just got one

The Chamber of Digital Commerce announced itself on Saturday at the North American Bitcoin Conference in Chicago. The group is registered as a 501(c)(6) nonprofit, which allows it to act as a lobbyist, and is being led by Perianne Boring, a former journalist and Congressional staffer. It has early backing from RRE Ventures and Tally Capital, which are leading a seed-round of fund raising.

The group’s goal is to “legitimize” the digital currency in the eyes of D.C. policy-makers, and to provide a place where they can get “non-biased” information.

True but in this case we could go in a full circle and blame the education system for not teaching people the necessities of finance in school but abstract mathematical concepts instead. (with exception to computing ^_^)

That said no one wins when someone defaults the banks lose money and are predators that get to target yet another person, and it certainly is not fun being the defaultor losing your house and having to start from nothing again, but your right the defaultors don't have anyone to bail them out when the banks come and take their property and possessions, unlike the banks who are just looking for the next big payday.

Just take a percentage off your total posts
Simple system but be reasonable and estimate it based on how productive you felt you were in the period
Just my opinion on that

Yep no bailouts, with banks they don't really care because the money is on the computer and what not called a fractional reserve where the bank can just multiply that money into a new loan and investment and increase their balance sheets all at once.

Why they like taking a lot of loans from people and a motivation to the subprime market crisis.
The ones who lose out are the people who take that loan and lose their possessions when the credit comes in to kick them in the shins.
 (or they take an arrow to the knee XD)

Fufu It happens just saw this post get bumped and felt like giving an opinion but he was the lucky final user
Of course he still has 1/25 odds of winning though ha-ha

I'm guessing the OP likes variety
Technically if you combined the Pirate Party, The Wikileaks party, The Libertarian Party, and the Bitcoin Party (In theory)
There would probably be a significant overlap.

Perhaps trying to get different organizations and political parties to fuse together to make a more powerful party and platform would work as well.

You should wait on Stunna's clarification but I read it as
If the majority of your posts are in the off topic section they should not be counted as constructive posts if you post a few in there now and then and are constructive that is fine but don't base all your posts in that section of the forum.

The other way to read it perhaps also correct is that if the post is off topic in general it does not matter what section you post it in they shouldn't be counted

Concerns about lawmakers setting regulations for the darkweb does concern me.
Not so much sympathy for ross but I am afraid of the implications this case could have on the legal system.

According to the website, the campaign is run by “a coalition of individuals, organizations and businesses that believe the outcome of Ross Ulbricht’s case is tremendously important for the future of Internet freedom, user privacy and cryptocurrency regulation.”

The website goes on to say that because Ulbricht “has been unfairly portrayed as a man who planned murder,” the public hasn’t united in support for Ulbricht, which is why a crowdfunding campaign is necessary for a legal defense fund.

Groups like the Free Ross Ulbricht legal defense fund, which was started by his mother, Lyn Ulbricht, argue that this case needs so much attention and financial support from the public because it “will set precedent for the 21st century and pave the way for new law and interpretations that could impact the future and freedom of the Internet.”

___

“This case will pave the way for new laws and new interpretations of law,” said Lyn Ulbricht, adding that her son’s attorney, Dratel, has also argued that the U.S. government will likely point to this case, as they have with other high-profile cases, as a reason why Congress needs to pass “draconian legislation.”

“Laws will be made based on the Silk Road case” that will likely impede Internet autonomy and privacy, Lyn Ulbricht said, adding that the addition of virtual currencies like bitcoin to the list of currencies that must follow rules and regulations designed for legal currencies defeats the entire purpose of bitcoin operating as an anonymous cryptocurrency.

So there is something at stake here for Bitcoiners as Jeff said in those comments Collective punishment is never the correct answer.