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Piuk, any chance you get the time to address my post above? Thanks in advance!
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What is your definition of a hardcore gold bug? Because whatever it is, it certainly isn't mine.
Someone who: - trusts only gold and maybe silver as a store of wealth - will take only physical - mistrusts anything that doesn't have the so called intrinsic value in the role of money How about changing gold and silver in your above definition with diamonds, oil, grain, land... Are those supposed to be land bugs, oil bugs, grain bugs, or diamond bugs? How are they different to crypto bugs? I already answered this. If you bothered to read anything but the last post you'd know. |
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What is your definition of a hardcore gold bug? Because whatever it is, it certainly isn't mine.
Someone who: - trusts only gold and maybe silver as a store of wealth - will take only physical - mistrusts anything that doesn't have the so called intrinsic value in the role of money |
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And since there is no Bitinstant reserves indicator at BitStamp, it is very hard to take advantage of this dumps there... :-@
Have you brought this to their attention? |
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Wow bitstampUSD last 12.8300 They were having a calm day and then this happens: date, time, price, volume
Jan 1, 2013, 20:45:00 12.83000 2.00
Jan 1, 2013, 20:37:44 12.77000 9.06
Jan 1, 2013, 20:31:04 12.79000 5.75
Jan 1, 2013, 20:30:04 12.80000 10.00
Jan 1, 2013, 20:29:08 12.81000 10.01
Jan 1, 2013, 20:29:06 12.81000 1.00
Jan 1, 2013, 20:29:04 12.81000 30.00
Jan 1, 2013, 20:28:04 12.84000 8.29
Jan 1, 2013, 20:27:04 12.85000 75.00
Jan 1, 2013, 20:26:06 12.89000 249.95
Jan 1, 2013, 20:26:04 12.89000 150.05
Jan 1, 2013, 20:25:11 12.90000 8.31
Jan 1, 2013, 20:25:09 12.90000 0.13
Jan 1, 2013, 20:25:08 12.90000 10.18
Jan 1, 2013, 20:25:05 12.90000 4.62
Jan 1, 2013, 20:25:03 12.90000 14.26
Jan 1, 2013, 20:24:43 12.91000 38.25
Jan 1, 2013, 20:24:04 12.91000 0.39
Jan 1, 2013, 20:23:05 12.97000 7.54
Jan 1, 2013, 20:23:04 12.97000 100.00
Jan 1, 2013, 20:22:07 13.00000 3.80
Jan 1, 2013, 20:22:06 13.00000 3.75
Jan 1, 2013, 20:22:04 13.00000 85.44
Jan 1, 2013, 20:20:03 13.00000 25.00
Jan 1, 2013, 20:17:04 13.00000 224.10
Jan 1, 2013, 20:15:15 13.00000 146.85
Jan 1, 2013, 20:15:12 13.00000 33.15
Jan 1, 2013, 20:12:19 13.01000 15.00
Jan 1, 2013, 20:12:15 13.01000 75.00
Jan 1, 2013, 20:11:22 13.02000 0.85
Jan 1, 2013, 20:11:19 13.02000 20.11
Jan 1, 2013, 20:11:16 13.02000 27.33
Jan 1, 2013, 20:11:04 13.03000 1.00
Jan 1, 2013, 20:10:51 13.03000 100.00
Jan 1, 2013, 20:10:36 13.03000 24.00
Jan 1, 2013, 20:09:46 13.03000 100.00 |
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I'm still testing this and I discovered that after running the client for between 24h -72h (I don't know when exactly) it closes on it's own without giving me any errors or anything. If I run it again it runs just fine. I should probably also mention that I don't really use this client, all I did was let it run under system tray and that this isn't the first time this happened. debug.log https://docs.google.com/open?id=0B6bqlVfJOOWsSi1zODN2Z1JWWTglog.0000000001 https://docs.google.com/open?id=0B6bqlVfJOOWsWUFsQmg4S0VOdjQFrom event viewer: Log Name: Application
Source: Application Error
Date: 1.1.2013 18:06:07
Event ID: 1000
Task Category: (100)
Level: Error
Keywords: Classic
User: N/A
Computer: hazek
Description:
Faulting application name: bitcoin-qt.exe, version: 0.7.99.0, time stamp: 0x4d44aa00
Faulting module name: bitcoin-qt.exe, version: 0.7.99.0, time stamp: 0x4d44aa00
Exception code: 0xc0000005
Fault offset: 0x0023c602
Faulting process id: 0x22e4
Faulting application start time: 0x01cde67fbfed7a10
Faulting application path: C:\Program Files (x86)\Bitcoin\bitcoin-qt.exe
Faulting module path: C:\Program Files (x86)\Bitcoin\bitcoin-qt.exe
Report Id: 87ca3637-5435-11e2-8c5a-685d43ee690b
Event Xml:
<Event xmlns="http://schemas.microsoft.com/win/2004/08/events/event">
<System>
<Provider Name="Application Error" />
<EventID Qualifiers="0">1000</EventID>
<Level>2</Level>
<Task>100</Task>
<Keywords>0x80000000000000</Keywords>
<TimeCreated SystemTime="2013-01-01T17:06:07.000000000Z" />
<EventRecordID>5608</EventRecordID>
<Channel>Application</Channel>
<Computer>hazek</Computer>
<Security />
</System>
<EventData>
<Data>bitcoin-qt.exe</Data>
<Data>0.7.99.0</Data>
<Data>4d44aa00</Data>
<Data>bitcoin-qt.exe</Data>
<Data>0.7.99.0</Data>
<Data>4d44aa00</Data>
<Data>c0000005</Data>
<Data>0023c602</Data>
<Data>22e4</Data>
<Data>01cde67fbfed7a10</Data>
<Data>C:\Program Files (x86)\Bitcoin\bitcoin-qt.exe</Data>
<Data>C:\Program Files (x86)\Bitcoin\bitcoin-qt.exe</Data>
<Data>87ca3637-5435-11e2-8c5a-685d43ee690b</Data>
</EventData>
</Event> |
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lol why would someone dump like that?
Market Yeah... was looking at the 1H chart and thought it was a single sell.. It was just a brain fart, that's all. |
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lol why would someone dump like that? Could it be bitpay, don't really think so. A miner, possibly.. drug dealers? My bet is on them! EDIT: heeeeh never mind my stupid as looking at the 1hour chart  |
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Looks like it's working out great for Lew: http://www.lewrockwell.com/blog/lewrw/archives/129917.html Welcome, Bitcoin
Posted by Lew Rockwell on December 31, 2012 12:21 PM
A friend asks, "Now that you accept donations in Bitcoin, how has that worked out?" So far, the total is $1,899 in US dollars. Thanks to all who are participating.
So yea.  |
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You guys are both missing his point. See where he says, "For the people who are rich, then they face inflation but that's not a bad thing - they'll be encouraged to spend it."
This means his idea of "equal distribution" is the same amount for each individual. Not according to how much money you already hold. So, inflation comes, everyone gets $100.
Well if that is actually what OP suggested then that is a stupid idea because it's socialism and we all know socialism doesn't work. |
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What if the additional currency introduced (inflation) were evenly distributed to people of a country? The currency will still inflate, but for most people they will actually gain more buying power over time. For the people who are rich, then they face inflation but that's not a bad thing - they'll be encouraged to spend it.
Bitcoin already effectively does this. The reason is that what will happen once 1 BTC is worth so much that we move the decimal point 1 spot to the right effectively new bitcoins will be introduced and everyone will get 10 times as many as they had before that change. |
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Money facilitates trade. It's that simple.
This fellow is confused.
Ohhhh... state controlled economies fail... therefor money sucks. Bologna.
Lets see how his plan works out when there are 100000 lumberjacks for every 1 heart surgeon.
Specialization allows us to not live in off grid caravans and bathe in the river while wiping our ass with newspaper. Money and specialization go hand in hand. Specialization leads to advancement of society as a whole.
The solution is simple, return to strong money that isn't controlled by a few for the benefit of a few.
^ he nailed it. |
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I think the best measurement would be by measuring how much goods/services does a fixed amount of money buy. This of course could be a basket and goods could be divided into categories and assigned point value so you could end up with a sum of points per money unit as an index.
And to determine the basket and point value of categories you'd simply do a large and broad enough survey of the population. The more some type of goods show up the higher point value they'd get, the cheaper it is to buy them the higher the point multiplier.. ect.
Of course I wouldn't trust such an index coming from a centralized involuntary organization like a government either but if it were provided by the market I think it could give us a pretty good indication of economic growth especially since how I define economic growth is being able to afford more goods/services than before.
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Man it sure seems we're just on the cusp of new and bigger avalanche of users that are about to (re)discover and finally adopt Bitcoin!  There is no difference in being a hardcore goldbug and being a hardcore cryptobug. It is the same mentality. Yes and both are pursuing a less than optimal strategy hence why I'm neither and own both PMs and bitcoins. So I fail to see the relevancy of your post as a reply to my OP. I consider myself both a PM bug and a crypto bug and I own both as well. I think that was the relevancy. Read the topic again. The title says "hardcore gold bugs". By the definition you're not one of them. |
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Depends.. for a regular user I point them towards blockchain.info with a the appropriate disclaimers, but if it's a business owner I point them towards Qt + armory, maybe Electrum or WalletBit again with the appropriate disclaimers.
What disclaimers would you give for blockchain.info? Essentially that they are trusting a third party not to screw them, that even though with blockchain.info the chances of that are extremely low it still could happen. |
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When was the last time "unconstitutional" stopped government growth? FDR? Even then, barely!
Exactly. It's just a PR pamphlet and they sure treat it as such, that's all! I mean it's really stupid to think a piece of paper with some words on it will protect your freedom.  |
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Depends.. for a regular user I point them towards blockchain.info with a the appropriate disclaimers, but if it's a business owner I point them towards Qt + armory, maybe Electrum or WalletBit again with the appropriate disclaimers.
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And I'm tired of listening to wackos who are ruled by fear. ΜΟΛΩΝ ΛΑΒΕ.
Stop engaging with them then. “Never argue with a fool, onlookers may not be able to tell the differance” ― Mark Twain |
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Thus, property rights are not "inalienable", they're subjective.
I agree with this, I agree with is so much in fact that I just avoid the "rights" (and also the "morality") framework completely. Instead I focus on goals that can be objectively evaluated like the goal to live in a society that is free to maximize it's potential an objective requirements of which is everyone to be free to own and be in absolute control over their property.. If you share my goal then you must obey that requirements if you ever want to reach it. And if you don't then I don't really care about you or your goals. |
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