tl;dr.
Iirc, this means td;ow - too dumb, only watched. Learn something useful on the shitter. No, doesn't mean too dumb only watched, it means too long didn't read. I have lavatory-literature already. Currently reading Carrol Quiggley's brilliant work Tragedy & Hope, great book. Text here. As I linked the book, what did you think of it, good? Agree with his observations? |
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Is it planned for the decimal point to be moved 4 places to the right in the next version of the client, so that a "bitcoin" will become a "Pip" of it's current self?
If so, do you think this will give the wrong impression?
Personally I would welcome a shift.
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Coincidence that the economy has grown 97% to 98% in the last hundred years?
What are measuring to get those (obviously wrong) numbers? Merely an exercise. Goldbuggers drop this 98 percent loss of dollar value thing a lot, I wanted to check it against the fact that the economy is obviously much larger than it was back in JP Morgan himselfs day. I myself disagree with gold-fetishism, so I don't accept their metalist incantations without examination. |
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No, if dollar supply would've been constant the value would've gone up with the economy.
Dollar is devalued because there are new dollars being created much more faster than the economy grows.
Yeah I spoze. |
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lol  That's the difference among early adopters; some are keepers, some are regretters. |
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Let me put it another way, is there a correlation between the dollar losing around a hundred times its value and the economy the dollar represents growing around a hundred times bigger?
just putting the question out there.
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In the USA the dollar is a much more stable currency and it is far easily used in this country with much less exchange risk. The only thing bitcoin will be used for in the USA is the black market.
One thing about the FRN is that it has lost 97% to 98% of it's purchasing power since 1913. I have purchased soup, toothpaste, steam gifts, VPN tunnel service, VPS hosting and more with Bitcoin. Your argument about use only in the black market seems very invalid to me. Coincidence that the economy has grown 97% to 98% in the last hundred years? |
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It would probably be very expensive to design and construct an entire city from scratch. However, there is another option. We could wait for some government to collapse, and then take over one of their cities. The way we could do this is as follows. We find an unstable city, and then establish ourselves in one of their neighborhoods, or create a new neighborhood nearby. We will establish services and try to be as independent as possible. When the government collapses, chaos will reign everywhere except in our neighborhood. If we are successful, we would be able to expand our neighborhood until we encompass the entire city.
Of course, the point is not to coerce people or use violence in any way. We would take over the city because we were better, not because we were more manipulative.
Please, by all means go ahead and do that. Someone must have failed their junior sociology class... I personally find it very closed-minded when people go "you must have failed a class" when someone presents an unusual idea. If every idea was shot down and abandoned like that, because "school said it's not possible", we would probably not be anywhere near the level of technological advancement we are at now. To pull out the old analogy, flat earth vs. round earth. You'll have to think freely, without boundaries set by previous events or knowledge, to find truly revolutionary concepts. I agree, nonetheless you have to be a total n00b to history and to life itself to come out with this sort of libertard nonsense. |
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Place demand across the bigger exchanges and let the price move up and cover your dollars. If you're buys move btc up to $50 /btc for instance then it should be easier to cover, you may have to wait to cash it all out again though but I'm sure the market will stick to the new price level, continue on up probably.
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Hello there !
Why the price didnt go up after difficulty increase ?
Price-follows-difficulty is sticky and slow, difficulty-follows-price is quick and... not sticky. |
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Dude, i so want to write that sci-fi.
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Do you think people moving money from the Mountain to the Hill might effect bitcoin prices somehow?
Note that the Hilll's not on bitcoincharts yet either.
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Spot on, although there are transacvtion fees for sending bitcoin via the bitcoin-network, you can also send thousands (conceivably millions) of dollars/pounds/euro/whatever worth of bitcoin literally for free, and completely untraceable.
People can stop correcting all those ignorant media articles talking about free transaction costs and anonymity, both remain literally true.
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Here's my code  TH-R1815 |
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It's actually not good for a country to have a global currency, at least not for its industry (or in Islands case, it's tourism/geothermal-energy/aluminium-processing exports). Demand for the global currency is high as it is globally demanded (USD for oil and commodities for instance).
In normal cases high world-wide demand for a currency pushes up the price of the money, which is bad for exports. US low interest rates mean the FED can spew out dollars while everyone else still needs to buy em up, so the US is shielded from a lot of the price inflation of such cheap money (not people in India looking to buy rice though 'trickle-down effect' I guess).
If a nation like Island adopted bitcoin as it's currency, it would be pretty tough going for its exports, although good for it's finance sector... except bitcoin makes much of the financial sector redundant in my opinion.
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My Strategy.  +  |
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