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8901  Economy / Speculation / Re: Freefall? on: September 02, 2012, 06:00:30 AM
Freefall started

looks like the same floor to me so far
8902  Other / Politics & Society / Re: Priorities Of The Human Species on: September 01, 2012, 10:00:25 PM
sex
8903  Other / Off-topic / Re: Will we get fooled again? on: September 01, 2012, 08:07:05 PM
If you're earning wages and paying into social security,
you're already getting fooled. The con is just longer,
but the basic principle is exactly the same.

mind=blown.

I hadn't thought of it in those exact terms before. I knew SSI was BS, but I hadn't made a connection to it being an actual Ponzi. That's exactly what it is, though, isn't it? If obligations are paid with later deposits, that's a damn Ponzi.

Hey... I don't suppose you can cash out all your SSI benefits all at once?  Grin

welcome to the red pill brother
8904  Other / Politics & Society / Re: Let's make this prediction official: "Anarchism" is the new "Terrorism" on: September 01, 2012, 05:07:33 PM
The two terms have been largely the same in the minds of the general public for decades.
It's just been awhile since I've seen it in American media. It's usually a European thing with left-wing Anarchists and not this new breed of fiscally conservative, Constitutional-Anarchists. lol

old news

8905  Other / Off-topic / Re: Will we get fooled again? on: September 01, 2012, 04:15:42 PM
thanks for the OP link

motherfuckers had it goin' on
8906  Economy / Speculation / Re: Can bitcoins break $5,000 in 20 years? on: September 01, 2012, 03:53:06 PM


In a hundred years, or two hundred, future historians will note the last several decades as the era when the United States impoverished itself to catapult the rest of the world into the modern age.



I am pretty sure that ,to the contrary, history will reflect that, post WWII, American Corporate interests dealt themselves the best hand ever and used American military power to maintain colonial hegemony over much of the globe, placing and supporting many well documented brutal dictatorships in the process.

But hey, tell yourself whatever happy stories make you sleep better.  It also helps to repeat "they hate us for our freedoms, they hate us for our freedoms" over and over
8907  Economy / Services / Re: [WTS]VPN that skews law enforcement.[14 countries] on: September 01, 2012, 03:24:33 AM
I know a very scientific method to determine if softwareseller is a cop. Answer this question softwareseller: Do you have a mustache?
No. What's that suppose to mean?
Guys, he checks out. Not a cop.

seems legit
8908  Other / Off-topic / Re: Rev 3 single randomly shuts it self down and no longer hashes. on: September 01, 2012, 01:23:03 AM
I don't actually know, I don't own one yet

the little fan you describe, is it still pushing air?
8909  Other / Beginners & Help / Re: To late for a new guy with GPU's? on: September 01, 2012, 01:21:20 AM
you have 100 days before the reward drop

BFL may well be delayed getting actual product in the hands of miners

You have some awesome gaming rigs when they become unprofitable to mine with

I would flog the snot out of them and see what happens
8910  Other / Off-topic / Re: Rev 3 single randomly shuts it self down and no longer hashes. on: September 01, 2012, 01:14:14 AM
temps?
8911  Other / Off-topic / Re: Rev 3 single randomly shuts it self down and no longer hashes. on: September 01, 2012, 01:04:03 AM
moved slightly?

blunt trauma?  you live alone?
8912  Other / Politics & Society / Re: "Anarchist" US soldiers planned major attack on: September 01, 2012, 01:01:41 AM
damn...where did I put that black hoodie with all the beer caps crimped on it?
8913  Economy / Speculation / Re: Can bitcoins break $5,000 in 20 years? on: September 01, 2012, 12:32:21 AM
Aha, very well, your SAE is actually a bit more than a dollar, and I will admit to being pedantic.

I am interested to know how you think the current debt load is going to be repaid?

Simple.  Inflation. 

The dollar has lost 99% of it's value over the last 80 years.  It will lose that much over the next 80.  $15T is only $150M in real terms if the dollar devalues 99% over the next 80 years.

That was my point, and kjj agrees.  He just somehow sees the USD surviving it.
8914  Other / Beginners & Help / Re: Suggestion for GUIminer on: August 31, 2012, 11:41:11 PM
good grief dude
8915  Other / Beginners & Help / Re: Anyone else told to expect their order AFTER october? on: August 31, 2012, 11:03:17 PM
so OP, are you telling us that they told YOU after October?
8916  Economy / Speculation / Re: Can bitcoins break $5,000 in 20 years? on: August 31, 2012, 11:01:59 PM

Painfully obvious inflation mostly, obscured slightly by bogus statistics.  The usual.  Remember that the debt in question is denominated in a currency that we can print at will (and have!).  The repayment amount isn't a fixed value, but a fixed quantity.

Who would buy or hold a debt like that?  Turns out that everyone does, because the alternatives are mostly worse.  That may change in the next 20 years, maybe it will even be Bitcoin that brings the system down.  But those are both long shots.

The alternatives are mostly worse...for now.

I see other world powers losing patience with the fed's monopoly on, and inevitable devaluation of their holdings.  Being "the best looking horse at the glue factory" is no way to run a world reserve currency.  Already China, India, Russia and others are making noises about some "basket of commodities" system.  Once the rush to get out begins I just don't see how the dollar survives.

This is curious; we seem to largely agree on the facts of the matter but have come to diametrically opposed conclusions.

Except that being the world's reserve currency isn't a gift, it is a burden.  A huge fucking burden.  The price that the USA has paid over the last 40 or 50 years to support, build and rebuild the world is mind boggling.
Only in flawed economic thinking is it a burden. The Triffin dilemma is based on one of the greatest misconceptions in modern-day economics: "a trade deficit is bad".

The USA has been a hungry importer, receiving a huge influx of useful goods, lasting commodities, and safe securities in exchange for its depreciating, produced-on-demand USD, all because it owns the world's reserve currency.

further, all oil transactions occurring in USD is a HUGE boon to the US banking industry
8917  Other / Beginners & Help / Re: Do you think that there is something funny about BFL's new ASIC on: August 31, 2012, 10:58:13 PM
  • No certain delivery dates.

yeah, they fucked this up last time so they are reluctant to make promises this time and blow it again

  • No pictures or schemes or anything.

they are literally sitting on a gold mine, that IP is going to be very closely guarded

  • Very limited information (actually there is no information on the ASICs).

see above

  • No one answers their phone.

see their FAQ

  • They answer your e-mail within 2-3 weeks.

they answered my last email the next day

  • All their answers are with a maybe or possibly.

see the first point

  • I never got it why are BITCOIN payments preferred.

duh, they want to promote bitcoin

  • The broke the law of e-bay - 2 months to appeal and ask for a refund with their 2 to 4 to 6 months delivery - maybe.

??

  • They are a business registered in Massachusetts on the name of some Mexican woman.

because no Hispanic people live in Massachusetts

  • They are playing with millions yet their website is made with WordPress.

and?

  • Up to today no one has either seen, touched or heard their ASICs. (even remotely)

see point 2
8918  Other / Beginners & Help / Re: Anyone else told to expect their order AFTER october? on: August 31, 2012, 10:50:54 PM
that would be the BFL ASIC order
8919  Economy / Speculation / Re: Freefall? on: August 31, 2012, 09:51:23 PM
http://www.youtube.com/watch?v=d0nERTFo-Sk
8920  Economy / Speculation / Re: Freefall? on: August 31, 2012, 09:43:21 PM
yes, they have rather painted themselves in to a corner haven't they
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