Basic mathematics can't be wrong, ignoring it is how our economies got so bad in the first place.

That's the amount of Bitcoins being mined, you can only mine a certain amount, the overall money supply is actually limited to 21 million, do your research, eventually miners will run out of coins to create.

How can it be inflated when the supply of Bitcoins cannot be changed? People like you need to look up the dictionary definition of inflation, this is to do with money supply, not speculation, which are both entirely different things.

The whole point of deflation is that it's causing the price of everything to fall that can have a price tag attached to it, things will still be more expensive but you won't have to work as long in your life because you require less deflationary currency in order to buy something. A perfect example is houses, we all know how expensive they can be, they're pretty big purchases, if I for instance wanted to get a nice big house it would cost me easily £100,000 - £200,000 that's a hell of a lot, in fact, chances are if you know anything about mortgages you're average person is going to have to work their whole lives just to pay it off. However if you look at a deflationary currency it's currently only 2000 Bitcoins, that's it, in fact, the value of Bitcoins is rising so much now I'll probably be able to afford a house at 1000 Bitcoins if I look around on the market enough because that's going for £80,000 - £90,000 now. What this means as well if you're a for instance selling goods to people for a living you need less sales in order to hit the price tag that you're aiming for and of course as an employee you need to work less hours because of that too.

It's not just the large purchases either that's effected by this of course, all the cheaper items will be even cheaper, things will still technically be valued the same as before, but it just means you don't have to work your whole life to pay any of it off like an inflationary currency. I really can't understand why people support these kind of systems because by all accounts deflationary is just far better and the more I see people screaming about it being a bad thing I can only think it must be a good thing people like that are getting so pissed off.

Despite the time it's been out Bitcoin is still extremely new and experimental, I suspect once we hear the corporate news rant about it some more and see governments attack it then people will gain a lot more interest, I think part of the problem is people have heard this kind of talk before from people and won't believe it's real until they see it in action.

This is why checking up on the price every now and then if you're working a long time on a product to sell is actually quite a good idea

That's like asking me to resist not staring at a woman with giant breasts for one day, totally impossible and not necessarily through any fault of my own.

Edit: Weighted Average: £73.06111

WEEEEEEEEEEEEEEEEEEEEE!!

If people are willing to pay in order to progress through your game rather than play through it all and enjoy it then something is wrong with your game and how it's designed. These people piss me off, that said, I partially blame the idiots who would pay money for such a service in the first place as well because that's how these developers stay in business.

I've seen it posted around here but I think this is more of an optimistic hint than anything genuine so I wouldn't pay it too much attention. It could be a good thing but considering that Western Union is an established and long lived bank I don't know if it would be because the paranoid anarchist in me tells me they'd almost certainly try and find a way to spy on your transactions, not that they could in Bitcoin but certainly if you were to transfer paper money to them, I expect if they did ever do it there would be all sorts of restrictions and verification processes they'd force you to go through before you could move any money.

Don't worry, government loyalist at work They'll come up with anything to bash Bitcoin with.

I guess you could argue it is safer but it depends on where you are and so on, it all depends on how comfortable you are meeting a stranger in person to do business I guess, I'd actually find it safer myself but that's because I'm no I.T security expert .

This is why we call these twats 'Neo-Keynesians', they hijacked the Keynesian beliefs the same way these people hijacked the conservative movement a friend of mine pointed this out to me as well, a lot of the Keynesians nowadays don't actually follow the Keynesian economic theory at all.

Let's be honest, everything we do well has a measure of luck to it, hell even Bitcoin mining has a luck factor in, however, when I look at the kind of comments you described I can't help but be reminded of the sort of bullshit I have to put up with being an Artist. Everyone who looks at other artists immediately comment when an artist shows off a good piece of work about how 'talented' they are as if there's some kind of mystical force behind the quality of their work and that there's no way they'd be able to get as good and you sometimes even say something similar to that themselves! Utter bullshit! All it is is putting the time and effort into it, just like with Bitcoin I wouldn't be surprised if you guys made more than a few losses to get where you are now, in fact you often see people ranting on these forums about scammers.

All that people do most of the time to be successful I've noticed is keep trying, no matter how many times they fail and they just keep calculating for every possible failure so they end up pleasantly surprised, it's slowly happening even to me now, I just wish my art skills would improve faster. I think the only truly lucky people are those guys who end up beating ridiculous odds like for instance lottery wins, all Bitcoin users are doing is taking calculated risks as are those rich traders on wall street and so on.

Not to mention there's places like Bitspend now.

NO WAY GAGE! Those alien chicks are mine!

This argument has been going on for months and I doubt it will end any time soon.

If you're not careful and don't check the temperature yes it will damage your hardware, the first thing you should do is run it for a couple of hours and check the average temperature to see if you can afford to keep it running, depending on the efficiency of your hardware. A lot people particularly on this forum don't seem to realise you'd be better off just selling services for Bitcoin and earning it another way besides mining because of the damage it can do or the amount the electricity would cost.

http://westwingreports.com/latest-reports/who-watches-cable-news-almost-no-one



I found this pretty funny and thought you guys might want to look at it It's great knowing you're not the only one sometimes.

Stopped watching the news after the way they 'reported' the newtown shootings, I've never looked back, now I just watch the news for comedy, honestly, you're better off ignoring them.

I don't know if we'll ever truly kill off all these financial institutions because of how big they are, but I'm pretty sure we'll make them bleed heavily for a long time.