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961  Alternate cryptocurrencies / Altcoin Discussion / Re: How does Ripple consensus deal with forks? on: May 15, 2013, 10:26:29 AM
A: OpenCoin prints another 100 Billion XRP and laughs as fools lap it up like homeless cats drinking sour milk.

962  Bitcoin / Mining / Re: How do you calculate your mining profitability ? on: May 15, 2013, 10:18:41 AM
considering all the factors, what and how are you calculating your profitability ? What returns are you expecting on your money in the next few months ?

The profitability is, if Id just invested in buying BTC rather than mining them, Id have been a lot more profitable...
963  Bitcoin / Mining / Re: I want to mine with ASIC on: May 15, 2013, 10:17:25 AM
What are the best options?

Take the money you want to spend on an ASIC and BUY BITCOINS. This is BY FAR the best option. The price right now (~$100) is GREAT.

Wish I had done this. Ive had insane amounts of money tied up for half a year waiting on ASICs, and if I had just bought BTC like a lot of SMART PEOPLE told me to, Id have made more money than I ever will mining. Dont do it man. DONT DO IT.
964  Bitcoin / Mining / Re: Why is there so much variance in the mining? on: May 15, 2013, 10:14:14 AM
Do the maffs bro:

http://en.wikipedia.org/wiki/Variance
965  Economy / Speculation / Re: Google funding Ripple on: May 15, 2013, 09:59:23 AM


OpenCoin's business model consists of holding 50% Ripples and hoping they appreciate in value.

Just dont get caught holding the XRP bag people: http://en.wikipedia.org/wiki/Bagholder

Sad Google is investing in Opencoin, really sad actually. It gives it some legitimacy, but the reality is that Google cant ever control BTC so they cant invest in it. They want stakes in things that they can CONTROL.

Bitcoin has value because no one person, government, or corporation, like Opencoin, controls its. This is where it derives most of its value.
966  Economy / Economics / Re: Trump: The United States could soon become a large-scale Spain or Greece on: May 15, 2013, 09:55:00 AM
That story has been pushed for months by Newsmax, which is basically a conservative propaganda machine. Its not journalism, its an agenda being masqueraded as journalism.

Really, Im down on the US Dollar, the Fed, Treasury, etc, but the USD is FAR better off than almost every other currency. The problem with our economy comes down to jobs and the fact that most of the money being made is going to fewer and fewer people.  Minimum wage (~$8/hour) isnt a working wage, it isnt sustainable. Its one step above slave labor and indentured servitude.

http://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States

At a certain point, The People will revolt. Thats the real threat. Bitcoin is part of this threat.
967  Economy / Economics / Re: where is the BTC. on: May 15, 2013, 09:46:37 AM
OK, I understand English isnt your native language but still, this is barely comprehensible.

Basically, mining is a grinders game. The margins are slim and its a big gamble.

Buying BTC is the way to accumulate a shit-ton. Its almost always a better value than mining if you believe BTC will go up longterm.
968  Economy / Economics / Re: Video: Bitcoin Ponzi scheme on: May 15, 2013, 09:40:55 AM
969  Bitcoin / Bitcoin Discussion / Re: What do you believe is the reason bitcoin is facing opposition? on: May 15, 2013, 09:26:48 AM
Authorities always want to strangle that which they cannot control.

But the Bitcoin train has left the station, and it cant be stopped. They could shut down Gox, BTC-e, XYZ exchange whatever, new ones will pop up like its a game of wack a mole: http://en.wikipedia.org/wiki/Whac-A-Mole

Furthermore, you will ALWAYS be able to buy Bitcoins locally from the people who mine them:

https://localbitcoins.com/

They cannot stop the BTC transactions themselves from being conducted. They can disrupt Bitcoin and try to slow its growth down, but it cannot be stopped, period.
970  Bitcoin / Bitcoin Discussion / Re: why invest in open coin? on: May 15, 2013, 09:19:40 AM
Dont get caught holding the XRP bag!

http://en.wikipedia.org/wiki/Bagholder

971  Economy / Service Discussion / Re: Why Ripple™ is against everything Bitcoin on: May 15, 2013, 09:13:25 AM

Ive read some outrageous things on here, but thats ridiculous and if someone is paying 5BTC to slander Ripple, then I should get like 50BTC.


I totally agree with you, cdog. You're the undisputed king of slandering Ripple.

Wait...you do realize that "slander" means to make false statements about a person/entity, right?

No actually I didnt and I misused that word. I thought slander was a synonym for defame, its not, shame on me.

My goal is to defame ripple, expose it for what it is, a for-profit scheme, which if not technically a scam or pyramid, offers no real utility.

Ripple has 3 major issues: Its not decentralized (a huge security flaw), the currency it uses was issued and not mined (OpenCoin can simply issue themselves more), and interest free debt has a negative expectation (as someone who has loaned a lot of juice-free dough to friends, I can speak to this personally).

I think Ripple brings a lot of interesting ideas to the table, but its implementation of those ideas is terribly flawed to the point of making it worthless.

I dont see how it can possibly have a longterm future, so my goal is to help people educate themselves about this reality, so rather than putting time, effort, and their hard earned income into supporting it, direct them towards BTC and LTC, which I believe strongly will both be around for many years - at least until someone is able to create something better, like perhaps Netcoin, but thats still in early development...
972  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple or Bitcoin on: May 14, 2013, 08:39:11 PM

"I am an employee of OpenCoin"

At least you are honest about that. Everyone has to earn a living, but man, I dont know how you sleep at night.
973  Economy / Service Discussion / Re: Why Ripple™ is against everything Bitcoin on: May 14, 2013, 08:35:51 PM

Don't forget that an OpenCoin Inc employee stated that if BTC gets 51% attacked, you lose all your bitcoins (you don't), but if Ripple gets attacked, you still have your XRPs (that's correct). I hope he's incompetent rather than purposefully misleading.

dont listen to this guy, he offered up to 5BTC to some people to post on this forum that Ripple is scam. Nobody is gonna give away thousands of dolars just because he is good guy and he thinks ripple is scam a people should know it, he has got some side interest and wants Ripple to fail.

see
https://bitcointalk.org/index.php?topic=145506.msg1544079#msg1544079

and here you can see he already payed more than 20+ BTC to spread his message
https://bitcointalk.org/index.php?topic=145506.0

Ive read some outrageous things on here, but thats ridiculous and if someone is paying 5BTC to slander Ripple, then I should get like 50BTC.

Im as outspoken as ANYONE on BTCT about how Ripple is destined to fail, and I was never offered a nickel. If I was offered money to do so I absolutely WOULD ACCEPT IT because I truly believe Ripple is CRAP, and I LIKE MONEY, but I dont need to be paid to express my opinion forcefully.

Also, why would someone pay hundreds of USD in BTC per person when for probably 10 BTC total they could have 100+ people mega spam the board with Ripple-hate? It makes no sense, whatsoever... If poker taught me anything its that if you are going to make up lies, at least make up believable ones.

The truth is, a lot of really smart people just see right through Ripple. We see it for what it is. A con to separate suckers from their money.
974  Bitcoin / Bitcoin Discussion / Re: Poll: How do YOU use Bitcoin? on: May 14, 2013, 08:22:12 PM
Mostly poker, but also payment for personal loans and debts.

Ive also bought some video cards from BTCT members, and various items at https://www.bitcoinstore.com/‎

Also Ive bought pizza using pizzaforcoins.com
975  Bitcoin / Bitcoin Discussion / Re: Strategist predicts Bitcoin's end | CNN.com on: May 14, 2013, 08:20:44 PM
"People can buy things with Amex points. That's a real kind of currency that's created by American Express to allow them to have a greater piece of consumption that they otherwise wouldn't get," said Bremmer.

Wow, Im seriously dying here laughing. I mean, he seriously just called Amex points a real currency. You cant make this shit up.
976  Bitcoin / Bitcoin Discussion / Re: Bitcoin Pizza Day (Laslzo Pizza Day) May 22nd on: May 14, 2013, 08:17:56 PM
http://pizzaforcoins.com/

Awesome, I will be ordering.
977  Bitcoin / Hardware / Re: Hash Rate Jumps Up 39% In 10 Days. From 71mil to 99mil on: May 14, 2013, 07:17:21 PM
978  Bitcoin / Hardware / Re: Got my own BFL 30GH/s ASIC today mining now on: May 14, 2013, 07:15:43 PM
979  Bitcoin / Hardware / Re: BFL May 12th Update on: May 14, 2013, 12:00:28 PM
BFL = Big Fucking Liars  Undecided

Only reason they didnt go bankrupt yet is BTC went from $10 to $100 which saved them as people spent tens of thousands of BTC on preorders.
980  Other / CPU/GPU Bitcoin mining hardware / Re: Theoretical wait time on BFL 5.0Gh if ordered now? on: May 14, 2013, 11:48:16 AM
LOL wait for 2nd gen ASIC, ordering now is a waste of $
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