What you have to realise is as well that China isn't going to collapse either unless it lets the U.S and Europe drag it down, I suspect many western countries will end up like Greece is now, just about any other country that has a surplus and hasn't been doing phony practices which is what this is all really about will be fine.
It won't? China has a symbiotic relationship with the west. It depends on the US and Europe to purchase its exports. If the US and Europe collapse, how exactly does China "not get dragged down" with everyone else? As for Greece, it is rather insignificant in terms of the world economy. The only reason Greece gets a lot of attention is because if Greece fails, people are worried that much bigger economies (like Italy or Spain) may follow. In other words, systemic collapse. A collapse of the two largest economies in the world (the US and the European Union) would not leave anyone "fine." China is perfectly capable of consuming the goods it produces and it has other countries to trade with besides US and Europe, the idea that China 'depends' on the US and Europe is neo-keynesian bullshit propaganda fed to us at an early age through state schools. China would actually be better off if it cut us loose because they are actually the ones holding our countries together with their surplus, how do you think we keep borrowing so much beyond what we can actually pay back? We don't trade anything with them for the most part except worthless paper, let alone goods that are actually worth anything so how the hell are they dependent on us for anything? You should check out Peter Schiffs island economy story because it does an excellent job of explaining this kind of thinking in a correct way, no country actually 'needs' another country to consume its goods, especially when they're giving it away in return for nothing. It's not just China who are being scammed like this as well, it's Germany too as well as other places like India and Brazil that have raw resources, manufacturing etc. Edit: Actually here you go: https://www.youtube.com/watch?v=IlWpGm9POwQThis makes absolutely no sense. So what you're saying is China doesn't need the US and only receives worthless paper. If that's the case then why would they continue to trade? Yes, China is the largest foreign holder of US debt but they continue to purchase it because they need to continue their (unsustainable) growth rate. You can't simply take out the US and the European Union, which individually are double the GDP of China, and think everything will be hunky dory. Why do you think Germany is still in the Euro and continues to bail out countries like Greece? Germany is hardly known for their charitable nature. The reason is if they left the Euro and returned to the Deutsche Mark they would be screwed. Why? Because like China they're a heavy exporter and the strongest of the European union. If they left, the Euro would rapidly devalue (as countries default on sovereign debt) and the Deutsche Mark would take off like a rocket. Being a heavy exporter, this would cause a great amount of damage to their economy. Every country is doing what they're doing because it's in their best interest. China isn't buying worthless paper because they love America. Germany isn't saving Greece because they want a unified Europe. No, they're doing it because it's economics 101 and if they don't, they go down with the ship too. |
|
|
|
Just yesterday I irc-chatted with some dudes that made twrp ( http://teamw.in/project/twrp2, an android recovery system that support encrypted mounts) and it was easy to convince them to accept bitcoin donations. A year ago they would've told me to go away and stop spamming their channel with bitcoin propaganda. Now they were open, had heard about bitcoin already and asked newbie questions like what wallet to use. That's pretty cool, I didn't realize TWRP accepts bitcoin. Good job. Curious if you have talked to anyone else like Koush (Clockwork recovery), Cyanogen, AOKP, etc. etc. I usually innocently ask for a bitcoin address for a small donation after I've been helped by someone, as was the case here. I don't actively approach people and suggest they accept bitcoin unless I actually want to give them some (or buy something from them). So no, I haven't talked to these other guys. I would however make a donation to Cyanogen if they put the "application permission edit" feature back in  I really want that. Post-Gingerbread this feature is much more difficult to implement. If you have a Galaxy SIII and don't mind a TouchWiz ROM, Synergy was able to hack PDroid to work on JellyBean. That would give you the feature you're looking for. It's probably available on other phones as well but I only keep up with the one I have. |
|
|
|
Those things are expensive. Yes they are easy to use and convenient, but their cost adds up. You can buy a laminating machine for $30 on Amazon. Reason I'm looking for those is I want to see how well they hold up vs an actual laminating machine. I want to introduce some people to BTC and if these work well $.50 per sheet isn't really that bad considering most people will only have one or two paper wallets. I can just buy it from Amazon no problem, just figured I'd check here first. |
|
|
|
Let me guess.... no two factor authentication?
how I can activate two factor authentication on mtgox? ID verify your Mt.Gox account, you should than receive the offer to obtain a yubikey - FOR FREE.  I never received this offer. |
|
|
|
What you have to realise is as well that China isn't going to collapse either unless it lets the U.S and Europe drag it down, I suspect many western countries will end up like Greece is now, just about any other country that has a surplus and hasn't been doing phony practices which is what this is all really about will be fine.
It won't? China has a symbiotic relationship with the west. It depends on the US and Europe to purchase its exports. If the US and Europe collapse, how exactly does China "not get dragged down" with everyone else? As for Greece, it is rather insignificant in terms of the world economy. The only reason Greece gets a lot of attention is because if Greece fails, people are worried that much bigger economies (like Italy or Spain) may follow. In other words, systemic collapse. A collapse of the two largest economies in the world (the US and the European Union) would not leave anyone "fine." |
|
|
|
Just yesterday I irc-chatted with some dudes that made twrp ( http://teamw.in/project/twrp2, an android recovery system that support encrypted mounts) and it was easy to convince them to accept bitcoin donations. A year ago they would've told me to go away and stop spamming their channel with bitcoin propaganda. Now they were open, had heard about bitcoin already and asked newbie questions like what wallet to use. That's pretty cool, I didn't realize TWRP accepts bitcoin. Good job. Curious if you have talked to anyone else like Koush (Clockwork recovery), Cyanogen, AOKP, etc. etc. |
|
|
|
|
Bump for another vote for Tapatalk.
|
|
|
|
Judging by the renderings of the proposed Belle Isle, it looks like he intends to have significant infrastructure there including what are clearly some very large skyscrapers. It could very well be that the islands you posted do not have the proper soil/foundation to support such large infrastructures. They're also only 117 to 250 acres in size (a lot of which looks unusuable, Bird Cay has a large body of water within the island) while Belle is 928 acres in size and located next to a major city making import/export a lot easier. Belle Isle is probably a pipe dream but the guy has a lot of money and is looking to establish among other things, a new currency. Why re-invent the wheel when he can just use Bitcoin. |
|
|
|
The one you send me is from 9. Aug 2012.
Not sure if you know this?
I got that too but also a separate email with the correct newsletter. According to my email, they were sent roughly 19 minutes apart. |
|
|
|
I don't really understand how inflation is going to happen if people already have too many loans?
Central banks printing money is one thing, but for that money to go into circulation it's quite another,
since there are not that many people able to take new loans and hence, help the newly printed money
go into circulation and ultimately cause inflation. I'd say that for the time being, it is only banks
that are being helped to remain afloat.
But then, I'm no expert and I am always willing to learn from more knowledgeable people.
You're on the right track. To properly calculate or predict inflation, you need to factor not just the money supply but also the velocity of money. If you Google "velocity of money" it should give you more than enough information. |
|
|
|
While the city of Detroit continues to teeter on the brink of bankruptcy, one developer is proposing a radical and revolutionary idea to rekindle the American spirit and bring Detroit back into prosperity.
The driving force behind the plan, developer Rodney Lockwood, wants Detroit to sell the city’s Belle Isle Park for $1 billion to private investors who will then transform it into a utopia free of big government and ideally full of job creation and innovation. Belle Isle is an uninhabited 928-acre island in the Detroit River, between the U.S. and Canada.
Under the plan, the island would be developed into a U.S. commonwealth or city-state with around 35,000 people. Citizenship for the “remarkable new nation” would cost $300,000 in most cases. The community would also have its own laws, transportation, customs and currency. http://www.theblaze.com/stories/2013/01/28/would-you-pay-300000-to-become-a-citizen-of-this-proposed-free-market-utopia-in-detroit/Sounds like someone needs to introduce this guy to Bitcoin. |
|
|
|
|
I don't see how this can possibly be resolved, it's essentially one person's word against the other with a possibility that the money was stolen in transit. This is why you never send cash in the mail.
|
|
|
|
Bitcoin is not working the way that it needs to in my opinion, I am hopeful that ltc will bring the bitcoin community in line. What I see is a bunch of banker wannabees
a bunch of speculators and greedy people. I love the idea, but I think the community that bitcoin has built is based on greed bitcoin is already a manipulated market people are just holding coins off the market, just like gold and silver manipulation. I hope ltc coin takes off fast and makes it more accessible and brings the btc price down.
Greed is part of human nature. Little old ladies stash cash under their mattresses, people hoard precious metals in safety deposit boxes, doomsday preppers hoard food & guns.... LTC will be no different if it gains popularity. |
|
|
|
with Abe's new program of printing to infinity, its clear they are determined to spark inflation. Japan has the highest debt:GDP ratio of any country in the world; approximately 250%. they are in trouble.
there are several high profile investors betting on the Japanese economy imploding within 2 yrs as a result; Kyle Bass, Hugh Hendry, Nassim Taleb.
The rapidly aging demographic is another very big concern for Japan. I don't know if it would implode in 2 years, the yen is still relatively strong and thus can be devalued rather significantly but the writing certainly looks like its on the wall. |
|
|
|
It worked for me. Try scrolling down through the whole agreement and then clicking accept.
Already did that, it doesn't work  Hmm, try a different browser maybe? Worked using Chrome. |
|
|
|
|
It worked for me. Try scrolling down through the whole agreement and then clicking accept.
|
|
|
|
I'm having really slow confirmations this afternoon. I have 3 transactions that have been waiting for confirmations for hours.
Don't know if it is related to the blockchain.info downtime yesterday, but since they go through blockchain.info, I have to assume something is up.
Unlikely due to the downtime. Did you pay the proper fees? If not, it could take hours. If you post the TX here someone can look into it. |
|
|
|
Yes and fixed. It is possible that Loc D will not fund fully. In that case we will not extend the auction and just close on the portion that is funded. Loc D is less critical than Loc C as it is much easier to find alternative sources of USD based financing.
If I were you, I would convert LOC D into a BTC LOC as it's clear you can get a lower interest rate and apparently greater fundings. You could always immediately convert BTC to USD if you want a USD LOC. From a business perspective, it would be foolish to pay 24% interest when you're receiving offers in BTC as low as 4.5%. Best of luck with your loans. |
|
|
|
|
This is probably a good reminder to backup those private keys.
|
|
|
|
|
Show Posts
