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1  Economy / Economics / Re: Spain confiscates 0.03% of all bank deposits. on: July 07, 2014, 06:56:38 AM
Climate change sounds like something that has all the necessary elements for a complete private property rights revocation. It affects everyone and it is totally unfalsifiable.

"Climate terrorism"
2  Bitcoin / Bitcoin Discussion / Re: Winklevoss Bitcoin Trust {COIN} on Nasdaq OMX [Video] on: July 07, 2014, 06:47:26 AM
My prediction, this will fail within 5 years.
3  Bitcoin / Bitcoin Discussion / Re: [Gauging Interest] Bitcoin at Burning Man! on: July 07, 2014, 06:14:22 AM
This might just be the deciding factor for me to attend this year.

Do it, ive been going for three years and don't regret a single moment of it. Hell, I'd even be down to run some sort of btc event out there to spread the word if you want.

It fits in so well with BM culture, but lands in an awkward spot by being a money/value/commodity (http://en.wikipedia.org/wiki/Burning_Man#Decommodification)

It will play a bigger role out there this year, and I am sure there will be more discussions about it. PM me about your event, I would love to make something with you if I end up going.
It would be great if they accepted BTC at the Center Camp Café Smiley
4  Bitcoin / Bitcoin Discussion / Re: Bitcoin can help less-prosperous nations build stronger economies: Tim Draper on: July 07, 2014, 06:06:39 AM
True, but we still don't know the bids for ~40 bidders, including the winner, so focusing on the few ultra low bids is kinda pointless.

We know close to a dozen bids and all were ultra low or part of a syndicate(ultra low volume).
That is all the data we have. To assume that most of the rest of the bids were high isn't out of what we know but what you want to believe.

TIL that your guess based on limited data is better than mine because... it just is.
awesome.
PS: we don't know the syndicate bidding price, either, so we really don't know jack shit.
5  Other / Off-topic / Re: bitcoin can become worthless on: July 07, 2014, 05:52:35 AM
I saw an article that mentioned that the total electricity being used for the Bitcoin network was over half of what the Large hadron collider uses. I found this a bit shocking, I had no idea it was this much.
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