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901  Economy / Speculation / Re: Good point to freak out would be ... on: December 18, 2014, 05:46:18 AM
Better set a stop loss!  Don't try any hero moves here
902  Economy / Speculation / Re: Going to the real bottom! on: December 18, 2014, 05:38:25 AM
Real price is zero because of the endless supply of cryptos that can be created out of thin air. In a rationale world bitscam would be free like air or email, but this lunatic subculture/cult will prop it up a bit longer in the double digit area.

But its backed by math.  And fundamentals

the fundamentals aren't in its favour tbh

I was being sarcastic.  I believe its going to near zero but maybe some darknet budinesses will support it for illicit purchases
903  Economy / Speculation / Re: TIME TO BUY on: December 18, 2014, 05:32:32 AM


I predict that people are going to wake up and start demanding wage payment in bitcoin.

The "hero adopters" will be those that setup picket lines to pressure companies for the option of paychecks in BTC.

Yeah good prediction.  People are gonna demand pay in internet funbux that lost 70% in one year.  Keep drinking the koolaid buddy
904  Economy / Speculation / Re: Going to the real bottom! on: December 18, 2014, 05:29:35 AM
Real price is zero because of the endless supply of cryptos that can be created out of thin air. In a rationale world bitscam would be free like air or email, but this lunatic subculture/cult will prop it up a bit longer in the double digit area.

Cash can be printed out of "thin air"  and there's still a big demand for bank notes lol

I don't know if you understand the advantages yet... 4.5 billion dollars is already  in this "thin air"  and its growing stronger every week

Theres a demand because we have to use them.  You know for something called taxes.  Also its not exactly thin air.  They sell bonds
905  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 18, 2014, 05:23:26 AM
I haven't seen this one in a while:

Just shaking out the weak hands.


It will start to appear when we reach new recent low prices, that is, when we get lower than 300 for more than a day or two

Strong hands HODL to zero.  Take that fiat lovin statists!
906  Economy / Speculation / Re: Going to the real bottom! on: December 18, 2014, 05:19:12 AM
Real price is zero because of the endless supply of cryptos that can be created out of thin air. In a rationale world bitscam would be free like air or email, but this lunatic subculture/cult will prop it up a bit longer in the double digit area.

But its backed by math.  And fundamentals
907  Economy / Speculation / Re: Let's face it...most of you bears are just bitter over losing money.. on: December 16, 2014, 04:29:36 AM
Serms to me the butthurt is strong in Devin Chow rather than bears.  Hows that long position treating you?  70% down? Yikes!  Better dump soon
908  Bitcoin / Bitcoin Discussion / Re: How do you call a bunch of people that are fascinated by cryptocurrencies? on: November 27, 2014, 02:31:17 AM
Neckbeards
909  Economy / Economics / Re: Economic Inequality on: November 25, 2014, 02:04:26 AM
Capital gains is capped at 15% and it used to be 30%.

Thats why Warren Buffett pats same tax bracket as his secretary.  He's on record somewhere stating tax laws are broken

He ignores the fact that corporate profits are already taxed at 35%, and his total tax rate is actually 50%.

It doesn't work like that.  I'm too lazy to explain basic corporate structures & tax codes.  Just look it up or stay ignorant

Also, LOL if you think Warren Buffet doesn't know

http://money.cnn.com/2013/03/04/news/economy/buffett-secretary-taxes/
910  Economy / Economics / Re: Economic Inequality on: November 24, 2014, 09:47:43 PM
Capital gains is capped at 15% and it used to be 30%.

Thats why Warren Buffett pats same tax bracket as his secretary.  He's on record somewhere stating tax laws are broken
911  Economy / Economics / Re: A Resource Based Economy on: November 20, 2014, 05:33:42 AM
Did realize that there are communist on this board.

Do you really think we are all "global citizens' haha?

Africans can provide for themselves, but they're too lazy/stupid to do it.

For those who call it racism, I call it realism, remotely intelligent people wouldn't starve the on the world's most fertile soil.

Ignorant bigot. 
Buzzwords don't really bother me.

Are you going to tell me I am wrong?

Average IQ by country:
Germany: 102
China: 100
Ethiopia: 63
Koto the Gorilla: "She was given IQ tests several times when she was younger and scored between 70 and 95" http://www.tropical-rainforest-animals.com/Koko-the-Gorilla.html

Sources for the IQs: http://www.amazon.com/gp/product/1594204462/ref=pd_lpo_sbs_dp_ss_3?pf_rd_p=1944687682&pf_rd_s=lpo-top-stripe-1&pf_rd_t=201&pf_rd_i=027597510X&pf_rd_m=ATVPDKIKX0DER&pf_rd_r=00YH279VBJZK5RPRHBDJ

And also Richard Lynn studies.




It depends.  What's your exact argument?  Geographic? Genetics? Culture? Economics? Historical?

How are you measuring laziness?  How are you measuring intelligence?

I can tell you that Richard Lynn practice poor economics and is largely dismissed by academics
912  Economy / Economics / Re: A Resource Based Economy on: November 20, 2014, 12:38:46 AM
Did realize that there are communist on this board.

Do you really think we are all "global citizens' haha?

Africans can provide for themselves, but they're too lazy/stupid to do it.

For those who call it racism, I call it realism, remotely intelligent people wouldn't starve the on the world's most fertile soil.

Ignorant bigot. 
913  Economy / Economics / Re: why do people agree to pay taxes? on: November 18, 2014, 07:10:21 AM
A lot of people here find taxes tyrannical. But who will commit to not using the services they pay for? That would strengthen the case for not paying. I can respect that. If you are using all the benefits of taxation but not paying, then you are just sticking your bills to another person who will have to make up for you. I can't respect that. 

I don't mind paying my share, but I want the government to go after dead beats if it means I will have to pay for them. 

The problem isn't all services and all taxes.  The problem is the cruise missiles that cost $1 million each, and all the other military hardware that only makes us less safe.  Our enemy has become a body of ideas, and by waging a war of force, we are creating more orphans, who are the most vulnerable to radicalization.
I'm with you on that bro! For me there is a difference between the idea of taxation and how it is spent.

now imagine if there was no taxation and you could control 100% what you are funding when you give the government money.
and if they abuse your money you don't give it to them anymore.
what a world that would be, where the government is held 100% accountable to the people who finance it.
This would not work. We would encounter a tragedy of the commons and no one would pay any taxes but everyone would expect to receive the services that the government provides

Its also a terrible idea because it'll be almost impossible to execute.  Besides you vote for your representative candidate.  If your guy loses too bad.  That's the system
914  Economy / Economics / Re: Upcoming 25 Year Great Depression...!!! on: November 18, 2014, 07:00:26 AM
Full employment economy ended in the mid 1990s when NAFTA was signed and it became socially acceptable for companies to outsource their manufacturing plants to China and Mexico.   This is when the "depression" started for people on mainstreet and it has been going on strong for over 20 years now. 

If the cost of labor is cheaper overseas then the rational decision for any company would be to produce their product in the place where labor is cheapest/gives the best value.

Also the result of globalization is that people in the US are able to have a higher standard of living as they now have access to cheaper goods then they would otherwise have access to

Following this logic, only the people who didn't lose their jobs have a higher standard of living
915  Economy / Economics / Re: The Blockchain is indentical to a Fiat Ledgered System, on: November 18, 2014, 02:03:55 AM
Double entry accounting is how our credit money system works.  You might be able to use blockchain for this.  But the difference is that bitcoin is artificially limited, credit has no limit
916  Economy / Economics / Re: why do people agree to pay taxes? on: November 17, 2014, 04:01:21 PM


If the argument is that the driver must carry insurance because they might cause damage through accident or neglect, why does that not extend to making the driver also carry insurance to cover damage they might do through crime?  By what principle do you draw the line?

Car insurance covers accidents not criminal intent.  No insurance company will insure someone that might "accidentally" commit a crime
917  Economy / Economics / Re: why do people agree to pay taxes? on: November 17, 2014, 03:48:17 AM
I bet the people belly aching about taxes are the people that barely pay any taxes. 
918  Economy / Economics / Re: Keynes and the IMF both support Bitcoin on: November 16, 2014, 07:55:37 PM
Quote
A new multilateral framework and 'multi-polar system' for managing capital flows and national debts
That describes shadow banking pretty well.

Bancor is reserve currency for central banks to use, not consumers.  Its value is pegged to SDR.  Bitcoin is none of this
919  Economy / Economics / Re: Keynes and the IMF both support Bitcoin on: November 16, 2014, 04:20:39 PM
Hahaha.  Bitcoin is nothing like bancor or SDR

920  Economy / Economics / Re: why do people agree to pay taxes? on: November 15, 2014, 06:29:06 AM
I pay my taxes and I'm certainly not afraid of my government. I don't always like how they spend it, but the basic idea of taxes is an idea is so successful that it is used in almost every part of the world.

For me the biggest problem is that we all pay wildly different taxes. Furthermore, the wealthiest people often pay the lowest rates. And corporations have gamed the system to a point of corruption.  They get tax breaks for sending jobs out of the country and are rewarded by paying almost nothing (or nothing). Of course the bills still come in and that leaves you and me to pay for their breaks.

if you could freely choose how much you would like to pay to the government for the services it currently provides to you, would you pay the same amount as you are forced paying today?

Nice try but presenting false dilemma is a poor debate tactic

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