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9461  Economy / Service Discussion / Re: [ANN] The Million Dollar Bitcoin Homepage on: April 14, 2013, 08:40:41 PM
I am going to make a Million Bitcoin page.
9462  Economy / Speculation / Re: Even Alex Jones makes fun of us on: April 14, 2013, 06:39:17 AM
I was on a satirical over the top website called the obama forums. We would act like Obama supporters and big Democrat supporters throwing out straw men left and right only to have conservatives who could not see through the obviousness go nuts (and threats of lawsuits from a certain jewish organization).

We put one post up there about how we need to have the government censor various right wing websites. We mentioned Alex Jones' website as one of those sites.

He went on his show shortly thereafter talking about an Obama web forum that was trying to shut down his website.

At the very least he does not do his due diligence to check the validity of what he reports. I could go to my Spam folder in my e-mail and report some pretty amazing stories of things going on in the world. But that is about as believable as anything Jones spits out.


I tend to see two types of libertarians, those who understand that government just does not work. That pouring more money into something only makes things worse (including wars). Then there is the Alex Jones conspiracy types who believe that government works so well that they are responsible for EVERYTHING in this world down to the color of the juice you drink (blue is turning you gay because the NWO wants you to be).

The conspiracy types tend to fight with us against big government, but for different reasons. But they get in the way when trying to have a rational debate.
9463  Economy / Speculation / Re: Has anything fundamentally changed? on: April 14, 2013, 06:26:26 AM
Weak hands looking for 1000% EAZY MONIE OMGZ! GIVE ME COINZ!! will be thinking twice.
9464  Economy / Speculation / Re: Even Alex Jones makes fun of us on: April 14, 2013, 03:56:08 AM
Alex Jones is a CointelPro working for STRATFOR, a private Zionist intelligence agency located in Austin, Texas.

They may has well have hired a clown to act like he is a libertarian to troll us all.

He teaches us that the best way to handle those in power is by screaming nonsense into a blowhorn.

Here he is disrupting a pro second amendment gathering:
http://www.youtube.com/watch?v=9uyIVzdvGi4Share
9465  Economy / Speculation / Re: How many People Would Short on: April 14, 2013, 03:27:43 AM
The going rate these days on loaning your BTC to bears (using your money to short) is about 6% yearly return.
9466  Economy / Speculation / Re: Bitcoin trades the inequity of dynastic power for the inequity of early adoption on: April 14, 2013, 03:26:47 AM
Of course, to even out the classes you were buying early right?

Or even now...you continue to buy while it is cheap?

I recall people complaining about early adopters when the price was $8/BTC. If instead of complaining they were buying they would also be early adopters.

Remember, there are only enough bitcoins for .006 BTC per person in the world. If you have more than that, you will be in the upper class.
9467  Economy / Speculation / Re: "There can be only 21,000,000 bitcoins" is myth => How to secure the blockchain? on: April 14, 2013, 02:56:40 AM
There is more than one Federal Reserve Note too.

C'mon...it is just FRNs with other names, look at the type of paper and ink used.
9468  Economy / Goods / Re: Foodler.com Feeding Bitcoiners across the US on: April 14, 2013, 02:53:50 AM
Quite awesome.
9469  Economy / Speculation / Re: Bitcoin trades the inequity of dynastic power for the inequity of early adoption on: April 14, 2013, 02:51:46 AM
It's too late to do anything about it for Bitcoin - we've gotta live with the distribution we got. And maybe it won't be a problem. But for future cryptocurrencies, it's something we need to consider. And we need to watch out and be ready to refine the idea if it looks like the new boss is going to be the same as the old boss.

Memcoin in specific proposed something like adding democratic processes into the coin itself.

Nothing needs to be added to the protocol for this.

Coming soon...
9470  Economy / Speculation / Re: Bitcoin trades the inequity of dynastic power for the inequity of early adoption on: April 14, 2013, 02:48:01 AM
I plan on making the CommieCoin (tm).

Basically all CommieCoins will be equally divided to all addresses. Any spend results in an immediate redistribution. Any new address results in immediate redistribution.

It will not require computer power either. Just men in brown coats going anywhere CommieCoins are spent (even in your basement) to verify that everyone has the same amount of CommieCoins.

I think it will catch on well.
9471  Economy / Speculation / Re: The coin is stable! Stop speculating and start spending! on: April 14, 2013, 02:44:45 AM
The time to worry is when it is stable.

That is the time to sit down and take a deep breath, maybe go for a walk, catch some shut eye. Because soon after that is heart attack roller coaster time.
9472  Other / Beginners & Help / Re: Hi - Please help my friend in getting back his 30,000 bitcoins! on: April 13, 2013, 11:57:54 PM
Reminds me of hundreds of treasure seeking movies.

But Guys this poster is a GIRL who is POSTING on a NERD's FORUM !

Doesnt it ring your troll bells ?

This.

The story is more believable than there being a female on the forum.
9473  Bitcoin / Bitcoin Discussion / Re: Satoshi's Fortune lower bound is 100M USD on: April 13, 2013, 11:42:29 PM
or by war and destruction like American bastards in Iraq, and not only there.

Like I said...force.
9474  Bitcoin / Bitcoin Discussion / Re: Satoshi's Fortune lower bound is 100M USD on: April 13, 2013, 11:10:36 PM
The bottom feeders are going to come out of the woodwork to chastise the rich. How dare he create a revolutionary new currency and benefit from it.

How dare he combine risk, work and thought for reward. Such a thing is unheard of. He should have earned it through favor and force.
9475  Economy / Service Discussion / Re: Why do everybody hate MtGox? on: April 13, 2013, 09:04:17 PM
People are more concerned with being day traders than exchanging their old currency for a new one.
9476  Economy / Speculation / Re: To who whined about early adopters that bought cheap coins: now coins are cheap on: April 13, 2013, 09:00:05 PM
The best way to make money is to take no risk.

Just wait until Bitcoin is at a non-risky price and buy as much as you can.

I am sure that has done well for people in the past.
9477  Economy / Speculation / Price cannot go less than $40.41 on: April 13, 2013, 06:16:21 AM
Current mining:
Difficulty: 7,672,999

62,172.58 GH/s

969.89 megawatt hours

$145,483.85 / day

3600 bitcoins created / day

$145,483 / 3600 = $40.41

If you want fundamentals. You cannot charge less for a product than it takes to produce.

But for every product you buy you have to consider:

cost of production + cost of distribution + cost of retail + cost of marketing  at the very least.

Price rarely dips below difficulty for this reason.

9478  Bitcoin / Press / Re: 2013-04-12 krugman.blogs.nytimes.com - Adam Smith Hates Bitcoin on: April 13, 2013, 05:10:52 AM
Bitcoin electricity cost:

$149,946.54 / day *

http://blockchain.info/stats

* Electricity consumption is estimated based on power consumption of 650 Watts per gigahash and electricity price of 15 cent per kilowatt hour. In reality some miners will be more or less efficient.
9479  Bitcoin / Press / Re: 2013-04-12 Kudlow Likes bitcoins, but thinks they should be linked to gold on: April 13, 2013, 05:08:14 AM
Just tell him to buy enough gold and bitcoin to hold the link for as long as he can keep holding the link...

It may get expensive though.
9480  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin so popular in Oregon? on: April 13, 2013, 04:56:25 AM
I was looking for maps where Oregon is in the top ranking, to correlate with Bitcoin use. Besides Bigfoot sightings and breast feeding, I came up with two:

This.

Quote from: media
Man pays big money for pictures of bigfoot sightings. Only pays with Bitcoin.
Same with breast feeding pics.
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