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1  Economy / Economics / Re: When will the USA pay their debts, if ever? on: October 30, 2014, 02:42:58 PM
The important thing here is for the US to play a balancing act. Any moves too big make people start to question how the system works and causes them to think critically about the cycles in place. As long as everything seems professional and above board and with oversight and thoughtfulness, it will pass over.

This coupled with the very low rates of corruption in the United States make it seem like a paradise compared to the largesse you find in navigating resources in lots of other countries. As long as the system seems solid and grounded, and as long as the military is big enough to thwart everyone else, and as long as people will keep borrowing dollars.... well you get my drift.
2  Economy / Trading Discussion / Re: Whats the best way to hold bitcoin at a stable price? on: October 30, 2014, 02:25:34 PM
It sounds like what you're looking for is a financial instrument that is pegged to the value of your favorite currency. This is not bitcoin, and if you don't want a third party involved then I would recommend looking on the commodities market for something very stable and then have it shipped to your house. For example you could buy 1000 sheep. People like wool, lamb, and mutton- sheep are also great company.

I could imagine a third party service that promised a certain USD amount of bitcoins to you from here til infinity and then they took on the risk of all those fluctuations but then it wouldn't really matter if they were holding your money in bitcoins or dollars or if they, like banks, had just taken your money and gone off and done things with it while you weren't using it.
3  Economy / Economics / Re: [CHART] Bitcoin Inflation vs. Time on: October 22, 2014, 12:46:42 PM
Quote
   All coins        Live coins
Inflation last 52 weeks       13.39%        18.00%
Weekly trend 2014/9/17      11.54%        14.92%
Projected next 52 weeks      09.89%        12.79%

How did you find all coins/live coins? Is it just from the zombie bitcoin analysis?
4  Economy / Economics / Re: Inflation and Deflation of Price and Money Supply on: October 22, 2014, 12:39:49 PM
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My concern was a bit different. Let me rephrase it.
Assume there are total 1000 BTC in the world
I have 500 BTC which I lent to another person @10%. Now where will that extra 10% BTC or 50 BTC for the interest come from in the economy? The only way he can repay the interest is if someone in the economy faces a loss of 50 BTC from which he profits. So are we devising an economy where loss is certain for some and all cannot profit at the same time?

I think you did this on purpose, but the 500 BTC loan when there is only 1000 BTC available seems pretty contrived. It then becomes very difficult to come up with a way for him to make enough profit while justifying borrowing @10%.

However, this could be seen not as a loss for another but rather just a need based expenditure. Maybe he was catering necessities to people and they just had to buy food/water/shelter.

You also don't need to spend to get your money back, if there was a high enough velocity of money in the remaining 500 bitcoins in the money supply. Also, you would have to spend for things like food/water/shelter and wouldn't begrudge that.
5  Economy / Service Discussion / Re: About smart phone wallets.. on: October 15, 2014, 03:54:48 PM
I use the blockchain wallet, however I'm still looking for one that seems the LEAST like a real wallet.

I mean the way things could go south would be if a thief knew what to do with the app when he found it. I imagine some thieves might not know about bitcoin but if they saw an app that said "blah blah WALLET" then they're going to think money, something worth cracking, etc.

Someone should make an obscurely named wallet.
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