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9021  Bitcoin / Bitcoin Discussion / Re: Mt. Gox is just the beginning. on: May 18, 2013, 05:27:16 PM
U.S. government employees should be the ones that hate the bureaucracy the most. I'm sure below free market wages, mid range health insurance and less vacation time than big business offers are wonderful though. I hope you have enough savings to cover your next unpaid furlough dumbass.

A GS-9 step 10 makes $54k a year and requires a masters degree - my neighbors kid made $19.00 an hour at a company called Allied as a security guard and studied at work while attending UCSF and with overtime made $47k a year.

The same GS-9 will get 4 hours of vacation per pay period or 12 days a year - the kid in college got 3 weeks from day one going to 30 days after 5 years.

The FEHB insurance plan brochures read like an overpriced nightmare - the kid is a union worker with free insurance and $5 copays.

9022  Bitcoin / Bitcoin Discussion / Re: Devil worshipers cult Illuminati (Bilderberg Group) trying to ban Bitcoin on: May 18, 2013, 07:43:03 AM
Did you actually WATCH the video all the way through?

Is it POSSIBLE to watch it all the way through?

Aaargh!  Teh stupid!

We gotta get Max to lay one upside their haid...

I think I made it to 1:02 before I started laughing uncontrollably and didn't hear anything after that! "Dwolla was closed down for not registering as a money changer for Bitcoin." HaHaHaaaaaaa
9023  Bitcoin / Bitcoin Discussion / Re: Devil worshipers cult Illuminati (Bilderberg Group) trying to ban Bitcoin on: May 18, 2013, 07:13:21 AM
Did you actually WATCH the video all the way through?
9024  Other / Off-topic / Re: September 11th Security Fee $10 on: May 18, 2013, 06:58:22 AM
Ok, you frigin guys are going way off the deep end! I just meant the govt bastards can and will do what ever they want. Who gives a shit if the original rebels war Indian dress that's not what the current tea party does. What the current group does pisses off the government and the government used the IRS to attack them. 

9025  Other / Off-topic / Re: The Story Game on: May 18, 2013, 06:41:02 AM

<Sticky: One word per post!>

Once upon a time, there was a Jesus. She walked out unadorned. Then, as bagpipes blared and didgeridoos fell, the star exploded.

Enter the vassals, creating comically obscene gestures with cryptocurrencies. Jesus cried!

Andy B. Casagrande immortalized the scene with photography. Space robots had been shoving corn vicariously into other crevices, hoping that Pneumonoultramicroscopicsilicovolcanoconiosis... perhaps silicosis, or QueerOsis, or trees could accomplish impossible synchronizations.

Fifteen wishes weren't exceptionally productive. She touched herself vigorously with tremendous pillows; creaming out butter flavored LiteCoins. Ironically, Bitcoins never lowered the dust limit so that Luke-Jr would be anally probed by martians invading us to steal our fish for little did we know, Fish is the solution to all our global problems! Seamen relentlessly fapped out the next generation of ASICS which actually works without any electricity at all. Powered by shipwrecks, signals meant that mermaids knew cryptographic encryption algorithms' weaknesses in theory but, in reality, Rpietila gave all.

Thursday passed without BFL taking the biggest shit, which when combined with their largest fanboy, Atlas, every miner stabbed Satoshi irregardless. Meanwhile, trolls eating crow poop, crow testicles, and God's vagina laughed.

Artichokes roasted sweetly over flaming gays, joyfully prepared numerously spiced blockchains sacrificing virgins disregarding matter. Therefore Jesus announced peasantry raping holidays. Upon reflection, Jesus quixotically decided retroactively somewhere in Reptilia's bosom to fuck an ant hill and myrkul touched himself feverishly ravishing all pillows! Lophie touched electrically his "contacts", pondering why her earlobes looked so tasty dipped in mustard sauce from Meze's toilet. Meanwhile, under scrutiny from DHS, MTGox got DDOS'ed by CIA bots, Chinese pygmies licked thousands, drooling custard from cracks forgone.

Alas, we combusted gloriously into eternity with malevolent douchenozzles. Faunlets screamed condescendingly into their rapists' buttholes. Nymphet's carefully propositioned orgies began fondling Eminem's mobile phone until climax commenced. Jailbaits serendipitously surrounded Clinton's ASICS with their pussy cats. "STOP!" The sign clearly said across a dark alley. Cheese fell curiously from long faces, inedible, moldy, green, and cheesy testicles blossomed into uncanny tsundoku
9026  Economy / Service Discussion / Re: Why Ripple™ is against everything Bitcoin on: May 18, 2013, 06:04:36 AM
Deprived has wrote a nice explanation of why the Ripple liquidity providers is flawed:

For one thing, before we can distinguish between the two sample responses you give we need a defined point in time at which the IOU issuer is obliged to give a response at all (a settlement date).

IOUs (taken as meaning any acknowledgement of debt) don't necessarily EVER have to be redeemed.  For example perpetual bonds are never intended to be redeemed - yet are debt.

Thanks for your valuable arguments. You might be right and I think I understand now why theymos said IOU is not a binding contract. But now I feel totally confused. What is debt then, if it is doesn't ever have to be repaid?

Debt is something that you owe - a claim someone else has against you.  Not all debts are created with the intention of being repaid (e.g. loans that are made for tax reasons without either party to the loan having an intention of there ever being a repayment).  Perpetual bonds are another example of debt that will never be repaid (talking RL ones not the pretend mining ones on here).  The bond issuer borrows money that will never be repaid - paying interest (a dividend) on it regularly.  The only way to get your cash back is to sell it to someone else.

That's why debt/IOUs with no agreed terms is worthless.

Maybe an example will help - for the examples below the assumption to be made is that I WILL honour any commitments I made (in practice all debt should be discounted in value based on your confidence that I'd repay):

If I said I'd owe you 20 BTCs to be settled in a week in return for 10 BTCs from you now then (IF you had total trust in me) you could reasonably value those 20 ripple BTCs at similar value to 20 actual BTCs.

If I said I'd owe you 20 BTCs to be settled in 5 years in return for 10 BTCs from you now then (IF you had total trust in me) you would STILL have to value them at a lot less than 20 actual BTCs (as they'd generate no revenue in the meantime and were illiquid).

In ripple BTCs of each of the above scenarios are treated as being interchangeable (whether its 2 sets from same issuer or from 2 different issuers) - despite the fact they have very different actual value.

Now consider a third scenario (equivalent to perpetual bonds):

I say that if you give me 10 BTC now I'll owe you 10 BTC on ripple.  I will never repay those BTC but on the first of each month I'll send 0.01 BTC for each BTC owed to whoever currently holds them.  Again - to ripple those are just BTC - and swappable with anyone else's BTC (provided someone trusts both me and the other issuer).  These BTC may have more or less value than the other ones - depending on how people value 1% interest/month against liquidity.  But I'll never repay them - and am NOT a scammer for issuing them.

Now the final case.  I say if you give me 10 BTC now I'll owe you 20 BTC on ripple but will only ever repay them if I win the lottery.  What are those BTC worth?  Nearly nothing (even ignoring the fact that I don't play the lottery).

Do you see how the value of a debt/IOU is defined by the TERMS that apply to it - not by its face value?  But ripple treats them all based on face value.

TF's ones were pretty much explicitly worthless.  In the absence of terms the only way to reasonably assess value of something is to look at what consideration was given in return for them - and assume a similar value.  Nothing was given - so their value is gong to be around zero.


Thanks for reposting. I think I now understand something about ripple. It's going to fail rather quickly. I won't even make a large loan to family without a written promissory note with explicit terms (maturity, simple interest, penalties for default) and expect to ever get money back out of them. There is no moderate to long term debt that will ever exist as fixed value debt because the world doesn't live in stasis and fixed rate debt needs to be carefully calculated against CPI to avoid loss and be contractually binding. Who is ever going to be stupid enough to act as a liquidity provider for a flawed system? If I had $50mil to burn I think I'd just set it on fire before trying to live off of the float created by being a gateway liquidity provider.
9027  Other / Off-topic / Re: September 11th Security Fee $10 on: May 17, 2013, 11:01:26 PM
They really need to decide which way they want to tax us. They can't have it both ways.
They can, and do.

Apparently, they can do whaaaaatttt ever they wanna do. It's just craziness.

Have you looked up what the IRS is doing to the Tea Party members now?

http://m.usatoday.com/article/news/2192911
9028  Bitcoin / Bitcoin Discussion / Re: Whatever happened to the Bitcoin Police? on: May 17, 2013, 08:46:29 PM
Wasn't Matthew promoting the Bitcoin Police at one point?

Oh no you di'unt! (I've never promoted them in any way shape or form.)

LOL - that was a slower response than I expected. I thought you might be asleep.

Hey, what was that guys name that started the BP idea. I think he lost money too. I can't remember.

I don't know who *started* it, but I know that there were two very active members, both SomeoneWeird and MrTiggr.
That's right, SomeoneWeird is who I was thinking of.
9029  Bitcoin / Bitcoin Discussion / Re: Whatever happened to the Bitcoin Police? on: May 17, 2013, 07:22:54 PM
Wasn't Matthew promoting the Bitcoin Police at one point?

Oh no you di'unt! (I've never promoted them in any way shape or form.)

LOL - that was a slower response than I expected. I thought you might be asleep.

Hey, what was that guys name that started the BP idea. I think he lost money too. I can't remember.
9030  Bitcoin / Bitcoin Discussion / Re: Whatever happened to the Bitcoin Police? on: May 17, 2013, 05:53:57 PM
Wasn't Matthew promoting the Bitcoin Police at one point?
9031  Other / Off-topic / Re: The Story Game on: May 17, 2013, 04:11:13 PM

<Sticky: One word per post!>

Once upon a time, there was a Jesus. She walked out unadorned. Then, as bagpipes blared and didgeridoos fell, the star exploded.

Enter the vassals, creating comically obscene gestures with cryptocurrencies. Jesus cried!

Andy B. Casagrande immortalized the scene with photography. Space robots had been shoving corn vicariously into other crevices, hoping that Pneumonoultramicroscopicsilicovolcanoconiosis... perhaps silicosis, or QueerOsis, or trees could accomplish impossible synchronizations.

Fifteen wishes weren't exceptionally productive. She touched herself vigorously with tremendous pillows; creaming out butter flavored LiteCoins. Ironically, Bitcoins never lowered the dust limit so that Luke-Jr would be anally probed by martians invading us to steal our fish for little did we know, Fish is the solution to all our global problems! Seamen relentlessly fapped out the next generation of ASICS which actually works without any electricity at all. Powered by shipwrecks, signals meant that mermaids knew cryptographic encryption algorithms' weaknesses in theory but, in reality, Rpietila gave all.

Thursday passed without BFL taking the biggest shit, which when combined with their largest fanboy, Atlas, every miner stabbed Satoshi irregardless. Meanwhile, trolls eating crow poop, crow testicles, and God's vagina laughed.

Artichokes roasted sweetly over flaming gays, joyfully prepared numerously spiced blockchains sacrificing virgins disregarding matter. Therefore Jesus announced peasantry raping holidays. Upon reflection, Jesus quixotically decided retroactively somewhere in Reptilia's bosom to fuck an ant hill and myrkul touched himself feverishly ravishing all pillows! Lophie touched electrically his "contacts", pondering why her earlobes looked so tasty dipped in mustard sauce from Meze's toilet. Meanwhile, under scrutiny from DHS, MTGox got DDOS'ed by CIA bots, Chinese pygmies licked thousands, drooling custard from cracks forgone.

Alas, we combusted gloriously into eternity with malevolent douchenozzles. Faunlets screamed condescendingly into their rapists' buttholes. Nymphet's carefully propositioned orgies began fondling Eminem's mobile phone until climax commenced. Jailbaits serendipitously surrounded Clinton's ASICS with their pussy cats. "STOP!" The sign clearly said across a dark alley. Cheese fell curiously from long
9032  Other / Off-topic / Re: The Story Game on: May 17, 2013, 04:05:52 PM

<Sticky: One word per post!>

Once upon a time, there was a Jesus. She walked out unadorned. Then, as bagpipes blared and didgeridoos fell, the star exploded.

Enter the vassals, creating comically obscene gestures with cryptocurrencies. Jesus cried!

Andy B. Casagrande immortalized the scene with photography. Space robots had been shoving corn vicariously into other crevices, hoping that Pneumonoultramicroscopicsilicovolcanoconiosis... perhaps silicosis, or QueerOsis, or trees could accomplish impossible synchronizations.

Fifteen wishes weren't exceptionally productive. She touched herself vigorously with tremendous pillows; creaming out butter flavored LiteCoins. Ironically, Bitcoins never lowered the dust limit so that Luke-Jr would be anally probed by martians invading us to steal our fish for little did we know, Fish is the solution to all our global problems! Seamen relentlessly fapped out the next generation of ASICS which actually works without any electricity at all. Powered by shipwrecks, signals meant that mermaids knew cryptographic encryption algorithms' weaknesses in theory but, in reality, Rpietila gave all.

Thursday passed without BFL taking the biggest shit, which when combined with their largest fanboy, Atlas, every miner stabbed Satoshi irregardless. Meanwhile, trolls eating crow poop, crow testicles, and God's vagina laughed.

Artichokes roasted sweetly over flaming gays, joyfully prepared numerously spiced blockchains sacrificing virgins disregarding matter. Therefore Jesus announced peasantry raping holidays. Upon reflection, Jesus quixotically decided retroactively somewhere in Reptilia's bosom to fuck an ant hill and myrkul touched himself feverishly ravishing all pillows! Lophie touched electrically his "contacts", pondering why her earlobes looked so tasty dipped in mustard sauce from Meze's toilet. Meanwhile, under scrutiny from DHS, MTGox got DDOS'ed by CIA bots, Chinese pygmies licked thousands, drooling custard from cracks forgone.

Alas, we combusted gloriously into eternity with malevolent douchenozzles. Faunlets screamed condescendingly into their rapists' buttholes. Nymphet's carefully propositioned orgies began fondling Eminem's mobile phone until climax commenced. Jailbaits serendipitously surrounded Clinton's ASICS with their pussy cats. "STOP!" The sign clearly said across a dark alley. Cheese fell curiously
9033  Bitcoin / Bitcoin Discussion / Re: Is Satoshi Dead? on: May 17, 2013, 04:03:15 PM
the same question again and again
why we should care ?

Of course we should care. He's the Messiah and unless we find his other scrolls we will never be able to pin down a date for the rapture.
9034  Other / Off-topic / Re: The Story Game on: May 17, 2013, 03:58:05 PM

<Sticky: One word per post!>

Once upon a time, there was a Jesus. She walked out unadorned. Then, as bagpipes blared and didgeridoos fell, the star exploded.

Enter the vassals, creating comically obscene gestures with cryptocurrencies. Jesus cried!

Andy B. Casagrande immortalized the scene with photography. Space robots had been shoving corn vicariously into other crevices, hoping that Pneumonoultramicroscopicsilicovolcanoconiosis... perhaps silicosis, or QueerOsis, or trees could accomplish impossible synchronizations.

Fifteen wishes weren't exceptionally productive. She touched herself vigorously with tremendous pillows; creaming out butter flavored LiteCoins. Ironically, Bitcoins never lowered the dust limit so that Luke-Jr would be anally probed by martians invading us to steal our fish for little did we know, Fish is the solution to all our global problems! Seamen relentlessly fapped out the next generation of ASICS which actually works without any electricity at all. Powered by shipwrecks, signals meant that mermaids knew cryptographic encryption algorithms' weaknesses in theory but, in reality, Rpietila gave all.

Thursday passed without BFL taking the biggest shit, which when combined with their largest fanboy, Atlas, every miner stabbed Satoshi irregardless. Meanwhile, trolls eating crow poop, crow testicles, and God's vagina laughed.

Artichokes roasted sweetly over flaming gays, joyfully prepared numerously spiced blockchains sacrificing virgins disregarding matter. Therefore Jesus announced peasantry raping holidays. Upon reflection, Jesus quixotically decided retroactively somewhere in Reptilia's bosom to fuck an ant hill and myrkul touched himself feverishly ravishing all pillows! Lophie touched electrically his "contacts", pondering why her earlobes looked so tasty dipped in mustard sauce from Meze's toilet. Meanwhile, under scrutiny from DHS, MTGox got DDOS'ed by CIA bots, Chinese pygmies licked thousands, drooling custard from cracks forgone.

Alas, we combusted gloriously into eternity with malevolent douchenozzles. Faunlets screamed condescendingly into their rapists' buttholes. Nymphet's carefully propositioned orgies began fondling Eminem's mobile phone until climax commenced. Jailbaits serendipitously surrounded Clinton's ASICS with their pussy cats. "STOP!" The sign clearly said across a dark alley. Cheese
9035  Bitcoin / Bitcoin Discussion / Re: Bitcoin 2013: The Future of Payments - San Jose, CA - May 17-19, 2013 on: May 17, 2013, 03:54:10 PM
I'm in the Bay Area, is this worth going to San Jose for if you are not going to spend the $300 to actually go in the event?

The $300 entrance fee actually makes it more of a Bitcoin elite/high society club. Why don't we "commoners" get together at Singlebarrel on San Salvador st Saturday night? If the lords & ladies of Bitcoin Abby want to come too that's fine.

 Tongue

Let them eat cake.

With beers.

LOL - I may have watched a few too many episodes of Downton Abbey. In fact, I make my girls call me Pa Pa.
9036  Other / Off-topic / Re: The Story Game on: May 17, 2013, 03:50:05 PM

<Sticky: One word per post!>

Once upon a time, there was a Jesus. She walked out unadorned. Then, as bagpipes blared and didgeridoos fell, the star exploded.

Enter the vassals, creating comically obscene gestures with cryptocurrencies. Jesus cried!

Andy B. Casagrande immortalized the scene with photography. Space robots had been shoving corn vicariously into other crevices, hoping that Pneumonoultramicroscopicsilicovolcanoconiosis... perhaps silicosis, or QueerOsis, or trees could accomplish impossible synchronizations.

Fifteen wishes weren't exceptionally productive. She touched herself vigorously with tremendous pillows; creaming out butter flavored LiteCoins. Ironically, Bitcoins never lowered the dust limit so that Luke-Jr would be anally probed by martians invading us to steal our fish for little did we know, Fish is the solution to all our global problems! Seamen relentlessly fapped out the next generation of ASICS which actually works without any electricity at all. Powered by shipwrecks, signals meant that mermaids knew cryptographic encryption algorithms' weaknesses in theory but, in reality, Rpietila gave all.

Thursday passed without BFL taking the biggest shit, which when combined with their largest fanboy, Atlas, every miner stabbed Satoshi irregardless. Meanwhile, trolls eating crow poop, crow testicles, and God's vagina laughed.

Artichokes roasted sweetly over flaming gays, joyfully prepared numerously spiced blockchains sacrificing virgins disregarding matter. Therefore Jesus announced peasantry raping holidays. Upon reflection, Jesus quixotically decided retroactively somewhere in Reptilia's bosom to fuck an ant hill and myrkul touched himself feverishly ravishing all pillows! Lophie touched electrically his "contacts", pondering why her earlobes looked so tasty dipped in mustard sauce from Meze's toilet. Meanwhile, under scrutiny from DHS, MTGox got DDOS'ed by CIA bots, Chinese pygmies licked thousands, drooling custard from cracks forgone.

Alas, we combusted gloriously into eternity with malevolent douchenozzles. Faunlets screamed condescendingly into their rapists' buttholes. Nymphet's carefully propositioned orgies began fondling Eminem's mobile phone until climax commenced. Jailbaits serendipitously surrounded Clinton's ASICS with their pussy cats. "STOP!" The sign clearly said across a dark
9037  Other / Off-topic / Re: The Story Game on: May 17, 2013, 03:43:45 PM

<Sticky: One word per post!>

Once upon a time, there was a Jesus. She walked out unadorned. Then, as bagpipes blared and didgeridoos fell, the star exploded.

Enter the vassals, creating comically obscene gestures with cryptocurrencies. Jesus cried!

Andy B. Casagrande immortalized the scene with photography. Space robots had been shoving corn vicariously into other crevices, hoping that Pneumonoultramicroscopicsilicovolcanoconiosis... perhaps silicosis, or QueerOsis, or trees could accomplish impossible synchronizations.

Fifteen wishes weren't exceptionally productive. She touched herself vigorously with tremendous pillows; creaming out butter flavored LiteCoins. Ironically, Bitcoins never lowered the dust limit so that Luke-Jr would be anally probed by martians invading us to steal our fish for little did we know, Fish is the solution to all our global problems! Seamen relentlessly fapped out the next generation of ASICS which actually works without any electricity at all. Powered by shipwrecks, signals meant that mermaids knew cryptographic encryption algorithms' weaknesses in theory but, in reality, Rpietila gave all.

Thursday passed without BFL taking the biggest shit, which when combined with their largest fanboy, Atlas, every miner stabbed Satoshi irregardless. Meanwhile, trolls eating crow poop, crow testicles, and God's vagina laughed.

Artichokes roasted sweetly over flaming gays, joyfully prepared numerously spiced blockchains sacrificing virgins disregarding matter. Therefore Jesus announced peasantry raping holidays. Upon reflection, Jesus quixotically decided retroactively somewhere in Reptilia's bosom to fuck an ant hill and myrkul touched himself feverishly ravishing all pillows! Lophie touched electrically his "contacts", pondering why her earlobes looked so tasty dipped in mustard sauce from Meze's toilet. Meanwhile, under scrutiny from DHS, MTGox got DDOS'ed by CIA bots, Chinese pygmies licked thousands, drooling custard from cracks forgone.

Alas, we combusted gloriously into eternity with malevolent douchenozzles. Faunlets screamed condescendingly into their rapists' buttholes. Nymphet's carefully propositioned orgies began fondling Eminem's mobile phone until climax commenced. Jailbaits serendipitously surrounded Clinton's ASICS with their pussy cats. "STOP!" The sign clearly said across
9038  Other / Off-topic / Re: The Story Game on: May 17, 2013, 06:09:56 AM


<Sticky: One word per post!>

Once upon a time, there was a Jesus. She walked out unadorned. Then, as bagpipes blared and didgeridoos fell, the star exploded.

Enter the vassals, creating comically obscene gestures with cryptocurrencies. Jesus cried!

Andy B. Casagrande immortalized the scene with photography. Space robots had been shoving corn vicariously into other crevices, hoping that Pneumonoultramicroscopicsilicovolcanoconiosis... perhaps silicosis, or QueerOsis, or trees could accomplish impossible synchronizations.

Fifteen wishes weren't exceptionally productive. She touched herself vigorously with tremendous pillows; creaming out butter flavored LiteCoins. Ironically, Bitcoins never lowered the dust limit so that Luke-Jr would be anally probed by martians invading us to steal our fish for little did we know, Fish is the solution to all our global problems! Seamen relentlessly fapped out the next generation of ASICS which actually works without any electricity at all. Powered by shipwrecks, signals meant that mermaids knew cryptographic encryption algorithms' weaknesses in theory but, in reality, Rpietila gave all.

Thursday passed without BFL taking the biggest shit, which when combined with their largest fanboy, Atlas, every miner stabbed Satoshi irregardless. Meanwhile, trolls eating crow poop, crow testicles, and God's vagina laughed.

Artichokes roasted sweetly over flaming gays, joyfully prepared numerously spiced blockchains sacrificing virgins disregarding matter. Therefore Jesus announced peasantry raping holidays. Upon reflection, Jesus quixotically decided retroactively somewhere in Reptilia's bosom to fuck an ant hill and myrkul touched himself feverishly ravishing all pillows! Lophie touched electrically his "contacts", pondering why her earlobes looked so tasty dipped in mustard sauce from Meze's toilet. Meanwhile, under scrutiny from DHS, MTGox got DDOS'ed by CIA bots, Chinese pygmies licked thousands, drooling custard from cracks forgone.

Alas, we combusted gloriously into eternity with malevolent douchenozzles. Faunlets screamed condescendingly into their rapists' buttholes. Nymphet's carefully propositioned orgies began fondling Eminem's mobile phone until climax commenced. Jailbaits serendipitously surrounded Clinton's ASICS with their pussys
9039  Economy / Service Discussion / Re: Why Ripple™ is against everything Bitcoin on: May 17, 2013, 04:52:42 AM
In theory you should be able to review the 30 pages of this thread and get some answers to some of your points.
Alternatively, you might find the Voynich Manuscript a less opaque subject.


LOL - Light reading compared to this thread.
9040  Other / Off-topic / Re: If you had 100k, what would you do to make some $ on: May 17, 2013, 04:41:19 AM
Open a franchise. With a little more money you could open a Buffalo Wild Wings and watch the cash pour in faster than you can count it. Mexican food is good too because the product is cheap and it's easy to find good cooks that will work for nothing.
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