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8681  Other / Politics & Society / Re: We do live in an anarchist society on: June 09, 2013, 11:18:32 PM
why 18?

Just an example. You could go out into the world as soon as you can walk and the example still applies but starting with a 2 year old that can push you down to older kids up to your parents, the police, military, etc...
8682  Other / Politics & Society / We do live in an anarchist world on: June 09, 2013, 06:59:52 PM
When you are born you can do whatever you want. When you leave your home at 18 you can do whatever you want. Right now you can do whatever you want.

If you leave your home at 18 years old and go decide you want to celebrate with a glass of champagne in the park. You grab a bottle from home and head down to the park. You pop the cork and sit there enjoying your freedom from the parents.

Then some dude comes up and tells you he does not like you drinking.

At that point you face a choice. Are you more powerful than that dude? Can you continue drinking without him interfering? You may be bigger so you stand up to him telling him that you are a free person that can do whatever he wants. The dude disagrees and pulls a gun. In this anarchist world, survival of the fittest prevails. You are subject to that person's whim because he has more power than you do. He can now use his gun to take you prisoner for as long as he and his friends think is right in their own eyes.

What if you had a gun too? If he pulled a gun you could have pulled one too, perhaps shot him if neccessary. But then he has a bunch of buddies with guns too, and a lot of equipment to come track you down and take you to a cage and hold you there as long as he and his friends think is right in their own eyes.

What if you and your buddies had more guns and equipment than them? Then their buddies would call other buddies who have tanks and helicopters and jets and missiles...

So, what if you had a lot of buddies with tanks and helicopters and jets and missiles...once it was established that interfering with you was not worth all of the lives and fighting, then...then you could sit there and drink your champagne freely.

So when it comes down to it...we are all free. It is just that there are people out there that hold more power than us that will always have control over our lives unless we are more powerful than them. That is an anarchist society.
8683  Economy / Speculation / Re: I just cashed out my lot of Bitcoins for Gold. Here's why. on: June 09, 2013, 06:06:24 PM
At least you are not buying dollars with your bitcoins.

My prediction is that by August the dollar will be half the value it is today. Though it may take some time for that value drop to be noticed as it spreads throughout the economy. But it will be felt.

How is that going to happen with a long term trend reversal forming on all major stock indices?  When stocks go down, the dollar rises.

What could possibly trigger hyperinflation at this point in time?

The Federal Reserve is currently buying 73% of Treasury Notes, which are used to print money for the Federal Reserve who turns around and buys 74% of Treasury Notes which are used to print money for the Federal Reserve who turns around and buys 75% of Treasury Notes...etc...

It is estimated that at the current rate, the Federal Reserve will be buying 100% of Treasury Notes by mid July.

What this means is that no other country is willing to buy our debt. The only way our debt can be funded at that point is from printing money. Printing enough money to fund our government means the value of our currency will go down by that much on a daily basis.

It will not be pretty.

Even if the Federal Reserve stops buying our Treasury Notes...we only have 27% of the customers we used to have. In order to entice the other 73% into buying we have to sell cheap. Or jack up the interest paid on our debt.

Can you provide a source that demonstrates your claim that interest in bonds from entities other than the Fed is falling?  I'm not saying it's incorrect, I've just not seen any evidence.
Here is an article about it...I believe the source requires a paid subscription.
http://lewrockwell.com/sardi/sardi261.html
8684  Economy / Speculation / Re: I am playing safe on: June 09, 2013, 03:48:24 PM
I stopped buying once things leveled out and am paying off credit cards...makes it so I can buy more bitcoins each month with each card that's paid off.
8685  Economy / Speculation / Re: Was there a Serious event causing current drop? on: June 09, 2013, 03:16:30 PM
My guess would be one of those big million dollar investors from the bubble time is tired of seeing his money sitting in something that is not bringing a large return. So they moved on to something else.
8686  Other / Politics & Society / Re: Scientist tear a hole in time! on: June 09, 2013, 03:11:33 PM
A person is nothing like a subatomic particle!

Speak for yourself.
8687  Economy / Speculation / Re: I just cashed out my lot of Bitcoins for Gold. Here's why. on: June 08, 2013, 11:46:43 PM
At least you are not buying dollars with your bitcoins.

My prediction is that by August the dollar will be half the value it is today. Though it may take some time for that value drop to be noticed as it spreads throughout the economy. But it will be felt.

How is that going to happen with a long term trend reversal forming on all major stock indices?  When stocks go down, the dollar rises.

What could possibly trigger hyperinflation at this point in time?

The Federal Reserve is currently buying 73% of Treasury Notes, which are used to print money for the Federal Reserve who turns around and buys 74% of Treasury Notes which are used to print money for the Federal Reserve who turns around and buys 75% of Treasury Notes...etc...

It is estimated that at the current rate, the Federal Reserve will be buying 100% of Treasury Notes by mid July.

What this means is that no other country is willing to buy our debt. The only way our debt can be funded at that point is from printing money. Printing enough money to fund our government means the value of our currency will go down by that much on a daily basis.

It will not be pretty.

Even if the Federal Reserve stops buying our Treasury Notes...we only have 27% of the customers we used to have. In order to entice the other 73% into buying we have to sell cheap. Or jack up the interest paid on our debt.
8688  Bitcoin / Bitcoin Discussion / Re: Which countries have the friendliest bitcoin regulatory environment? on: June 08, 2013, 11:29:21 PM
Bahamas.
8689  Economy / Service Discussion / Re: Bitcoin investment 1% Per day - Is it real? on: June 08, 2013, 11:27:42 PM
Yeah I agree, however there are very lucrative investments out there that are extremely risky.  If you have an investment that pay 200% annually but only works out 50% of the time it's still an investment, just a very risky one.

Looks like you're trying to talk yourself into this one.

I do not think any words of warning will be helpful here. Just do not risk more than you are willing to lose.
8690  Economy / Service Discussion / Re: Bitcoin investment 1% Per day - Is it real? on: June 08, 2013, 10:59:10 PM
What's your opinion?  Is this thing legit?

http://www.talkgold.com/forum/r392569-.html

scam ! 95% of whats posted on talkgold are scams btw

And the dude has a total of 1 post on there.
8691  Economy / Service Discussion / Re: Bitcoin investment 1% Per day - Is it real? on: June 08, 2013, 10:48:59 PM
What's your opinion?  Is this thing legit?

http://www.talkgold.com/forum/r392569-.html

Best return I have received on safe investments on my bitcoin has been 20% yearly return. And I considered it high risk because my bitcoins were under the control of somebody else (who can disappear at any time with your money).

1% a day sounds like a ponzi scheme and I would not be surprised if it goes away after a couple of months (if not days).
8692  Economy / Speculation / Re: I just cashed out my lot of Bitcoins for Gold. Here's why. on: June 08, 2013, 10:39:05 PM
At least you are not buying dollars with your bitcoins.

My prediction is that by August the dollar will be half the value it is today. Though it may take some time for that value drop to be noticed as it spreads throughout the economy. But it will be felt.
8693  Economy / Speculation / Exchange prices are becoming decentralized on: June 08, 2013, 10:36:54 PM
It appears that the price on most of the exchanges is within around a dollar of each other. This is a good thing. Hopefully volume spreads well to the exchanges.
8694  Economy / Service Discussion / Which exchange allows deposit via bank wire? on: June 08, 2013, 10:35:40 PM
I was going to go with CampBX but on their FAQ they list USPS and Western Union wire transfers but not banks.

Which exchanges accept bank wire transfers? (Besides MtGox).
8695  Bitcoin / Bitcoin Discussion / Re: You're all terrorists.... on: June 08, 2013, 10:27:06 PM
"You're all terrorists...."

your mom's a terrorist...



BOOM
8696  Other / Off-topic / Re: this guy should be notified about bitcoin on: June 08, 2013, 06:03:41 PM
I would put all of my money into Justin Bieber's record company. There is no stopping the Biebs.
8697  Other / Off-topic / Re: I just lost my little brother on: June 08, 2013, 05:57:22 PM
No. I'm just saying it's better for him not to suffer. For six months I watched my grandmother suffer, and it was one of the most horrible experiences you could know of, seeing your relatives and siblings suffer.

He probably had a good life, but It's better to not see family members suffer.

Um... I don't think allergic reactions work like cancer. You get it, and you either get better quick, or you die. I'm not sure how someone could suffer for a long time from an allergic reaction  Huh

I believe they were referring to the brother being in a coma for a long time.
8698  Bitcoin / Bitcoin Discussion / Re: Please help get bitcoins accepted at Freelancer on: June 08, 2013, 05:26:45 PM
Payment fraud (reversals/chargebacks) is one reason freelancer/contractors aren't working directly for others.  But with Bitcoin payment there's no chargebacks.  Thus there's no risk to dealing directly with an unknown party as long as services are pre-paid by the hiring party.

When I set up a project I get bids on the project. Once the project begins I am required to pass the correct amount of funds to Freelancer. I set up milestones for the developer with amounts of money to be released each milestone. And I have full control over releasing those funds. It is not until the project is completed that I release the final funds.  I assume that if the project is completed and the developer proves to Freelancer that the project is complete, then Freelancer would release the funds if sufficient evidence proves it. Kinda like e-bay.

So there is not much risk of someone scamming you out of your money.
8699  Bitcoin / Bitcoin Discussion / Re: Response to CIA FOIA request on: June 08, 2013, 05:20:44 PM
I doubt that there are many things you would be able to get from the CIA that would be unclassified.

At the very least it would be Unclassified FOUO (For official use only). Which is akin to a corporate document that is only allowed to be viewed by people within that corporation. Just the mere fact that the CIA took some news story on Bitcoin and sent that story on makes it FOUO because the knowledge that they are looking into such information is not for outside eyes.

The term "can neither confirm nor deny" is supposed to be used for just about anything when it comes to information about what may or may not be going on in your facility.
8700  Bitcoin / Bitcoin Discussion / Re: Response to CIA FOIA request on: June 08, 2013, 05:09:50 PM
Quote
I want a clearance lol

No you don't it's a pain in the ass. You even have to fill out forms to travel abroad.

Or just tell your SSO.

Of course he will likely tell you to fill out some form online Tongue


Then you have to disclose that travel for the next 10 years on all future clearance paperwork.
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