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1  Bitcoin / Bitcoin Discussion / Re: MtGox daily withdrawal $250 in BTC but $1000 in cash - RIDICULOUS! on: November 18, 2011, 05:41:19 PM
It says quite a lot about the amateurism of Bitcoin that the largest (and essentially only real) exchange has such tiny withdrawal limits.  Any business that does more than $1000/day in gross sales has yet another disincentive to try out Bitcoin, since their money will be essentially held hostage by the exchange for fear of crashing the price.  And if another 30% dip in value occurs while you're trying to cash out, well, tough titties.

2  Other / Meta / Re: Pornography in Avatars on: November 17, 2011, 07:24:49 PM
If the forum owner's receive sufficient value by discriminating certain content on their forums, why not?

It's just as restrictive as me choosing not to sleep with certain women.

"Choosing."  LOL.
3  Other / Meta / Re: Pornography in Avatars on: November 17, 2011, 07:21:18 PM
Avatars really aren't that large people shouldn't be wasting employer/public resources here anyway,  NSFW threads should be marked as such our have their own section, or are you openly advocating censorship?

I'm advocating property rights.
No you're not.  No one is disputing the rights of the forum owners to do what they want.  You are yet again advocating the suppression of content that you, personally, don't like.  Whether you do so by lobbying the owners of a forum or the leaders of the government, it is your belief that you can and should actively try to restrict the expression of others.
4  Other / Meta / Re: Pornography in Avatars on: November 17, 2011, 06:57:46 PM
Yes, it is a private form, not however your private forum. Also nudity != pornography you have internet access as good as most other forum users to figure out if a cartoon Dick waving in the air really constitutes porn or just cheap comical graffiti.

It's not mine. It is Theymo's and he might value and agree with my opinion. All I can do is put it out there.

You may be right.  It's unfortunate for the community that Theymos has an irrational attachment to you, and doesn't do anything to rein in your constant attention whoring and scamming.
5  Other / Meta / Re: Pornography in Avatars on: November 17, 2011, 06:53:33 PM
You sure like trying to control what other people say and do.
It's a private forum. I certainly hope the owners can control its content. If they think it's in the best interest of their service to display pornography, by all means. However, I will state my preference unremorsefully whether they happen to value it or not.
Yes, I know it's a private forum.  But even if you don't have any power, your character comes out in your constant attempts to censor others.
6  Other / Meta / Re: Pornography in Avatars on: November 17, 2011, 06:49:20 PM
You sure like trying to control what other people say and do.
7  Economy / Economics / Re: Limited coins and hoarding on: November 04, 2011, 10:59:19 PM
Imagine if Borders bookstore told Amazon that they cannot compete with brick and mortar stores because customers can't send cash through the mail? Would it now be Amazon that is bankrupt instead of Borders? Whodathunk it?

You know this is pretty much word salad, right?  This isn't about one business telling another that it can't work for some made-up reason, this is about a real, fundamental disadvantage one payment method has over another that isn't going to go away just because you want it to.
8  Economy / Economics / Re: Limited coins and hoarding on: November 04, 2011, 10:34:22 PM
So you think a possible savings of 1-2% will be enough to make most consumers willing to forego the fraud protections and grievance procedure that come with their credit cards?  Won't scammers take advantage of this and set up online Bitcoin shops that advertise lower prices without ever actually delivering anything?  I'm no expert in economics, but as a consumer I can tell you that I value the peace of mind that comes with using my credit card for online shopping far more than a tiny potential discount.  For Bitcoin to have a chance at becoming a currency, this issue can't be shrugged away:  the case will have to be made that one won't lose their money if they buy from what turns out to be an unscrupulous vendor or no one is going to use it.

How many times have you been scammed by amazon or newegg or other major brand.  Also true cost of credit cards is more like 5%+ not 1%.  If you could buy everything you currently buy on amazon (or insert favorite retailer here) for 5% less would you?



That's the problem:  there's no way for that to happen.  Imagine Amazon started offering 5% off with Bitcoin.  Visa tells them to stop it or they'll lose their account.  What do you think comes next?  

The big retailers have too much to lose if they can't process credit cards.  Small retailers are unknowns and thus potential scammers.  

Stop living in the fantasy of what the world would look like if everyone used Bitcoin and start thinking through how one could actually get there.  It's far from easy and probably impossible without some fundamental changes to Bitcoin itself.
9  Economy / Economics / Re: Limited coins and hoarding on: November 04, 2011, 09:36:45 PM
As the the question, "what do you think will motivate a consumer to use an irreversible method like Bitcoins to buy something online instead of their Visa card?" the answer is very simple.  Lower transaction fees over the Internet, and eventually merchant discounts.  Once upon a time, cash was cheaper than using a credit card, until the credit card companies got wise and started demanding vendors sign contracts to not advertise prices lower than the credit card prices.  This is why the dual price displays on gas pumps disappeared in the 1980's.  But you can still get a cash discount from such vendors on larger items, such as a new tv, if you know who it is in the store you have to talk to. 
So you think a possible savings of 1-2% will be enough to make most consumers willing to forego the fraud protections and grievance procedure that come with their credit cards?  Won't scammers take advantage of this and set up online Bitcoin shops that advertise lower prices without ever actually delivering anything?  I'm no expert in economics, but as a consumer I can tell you that I value the peace of mind that comes with using my credit card for online shopping far more than a tiny potential discount.  For Bitcoin to have a chance at becoming a currency, this issue can't be shrugged away:  the case will have to be made that one won't lose their money if they buy from what turns out to be an unscrupulous vendor or no one is going to use it.

Quote
Online vendors, for the most part, don't sign such agreements; and even if they did, they could be undercut by another website selling the exact same products for bitcoin only.
This sounds like something you completely made up.  Do you have any evidence that online vendors aren't under contractual agreement with the credit card companies to not offer discounted prices on other forms of payment?
10  Economy / Economics / Re: Limited coins and hoarding on: November 04, 2011, 08:41:46 PM
All you'll get is analogies to gold, which is the heart of Bitcoin's problems as a currency.  Bitcoin isn't gold, neither Bitcoin nor gold are a currency, and neither would work as a global medium of exchange without major disruptions to world economies.
The analogy with gold as a global currency is valid.  But bitcoin improves on gold in that it is possible to easily buy/sell/trade in tiny fractions of one bitcoin.  So even though there is a finite supply, the value will simply increase until equilibrium is found.  Since bitcoins are easily divisible--and their divisibility could even be increased from the current 8 digits--it doesn't matter how high their value goes to reach equilibrium.
Gold is not a currency.
11  Economy / Economics / Re: Limited coins and hoarding on: November 04, 2011, 08:10:13 PM
I'm regularly amused by members who do no comprehend Praxeology or Economics telling me how consumers should act.
Since you're obviously an expert in both, what do you think will motivate a consumer to use an irreversible method like Bitcoins to buy something online instead of their Visa card? 
12  Economy / Economics / Re: Limited coins and hoarding on: November 04, 2011, 07:05:42 PM
One of the most serious problems is hoarding. Whenever you have a commodity that has a fixed supply against an increasing demand, inevitably hoarding occurs.

This is one of the key reasons why currencies are designed to expand: steady expansion of a currency improves liquidity.
I agree with you 100%, but don't expect much traction on this issue here.  Many of the hard-core Bitcoiners are too blinded by their own ideology to recognize the basic fundamentals of economics in the real world.  All you'll get is analogies to gold, which is the heart of Bitcoin's problems as a currency.  Bitcoin isn't gold, neither Bitcoin nor gold are a currency, and neither would work as a global medium of exchange without major disruptions to world economies.

But all they see is that the coins they hold would get really valuable if everybody started using them.  Plus they aren't evil "fiat" money printed by the CIA and used to control their thoughts and therefore automatically good.
13  Other / Meta / Re: Looking for someone to create/modify software for this forum on: November 03, 2011, 12:20:05 AM
You think it will take more than 650 hours to build that?

Seems like 40-80 hours to me. After you find some well-written PHP forum software that already uses PostgreSQL, you just need to add the dozen or so major required features and then some minor required features that will probably take less than an hour each on average.

The forum will probably have at least 100 more BTC by the time I start thinking about ending bidding.
What do you mean "find some well written PHP forum software"?  I can't think of any forum software, free or commercial, that wouldn't have a license agreement forbidding you to modify and sell/resell it. 

And you've obviously never written a line of code in your life if you think 40-80 hours is even in the ballpark for this project.  It's the construction equivalent of expecting someone to build a house in an hour.
14  Bitcoin / Bitcoin Discussion / Re: Why are so many people Anti-Bitcoin? on: November 02, 2011, 02:47:48 AM
Bitcoin's biggest problem is that it's not consumer-friendly.  No one would buy anything with Bitcoin when they could use Visa, with its built-in liability protection.  Until that issue is resolved, Bitcoin will never be used for anything but money transfers and buying illegal goods.
15  Economy / Speculation / Re: Has anyone reported bitcoin capital gains or losses on their taxes? on: November 01, 2011, 02:23:51 AM
It's boringly simple.  Follow the laws of the land where you live concerning income / capital gains.  Full stop.

If it were simple, why is there so much debate? There is much more to this than capital gains laws.

Yes, when in Rome... However, that applies to conducting one's interpersonal behavior. If my private assets are not in Rome, what then? What if I become a Roman citizen? Does Rome then have a claim on those assets held in other countries? Who owns me: myself or a government? How, why and to what extent? Not as simple anymore.

Does it make any sense for a business operating and generating income exclusively in Singapore to pay taxes to the UK government just because its owner is a citizen there? Should a German national having his savings at a bank located in the UAE be subject to an account seizure by the FCTO? When a US citizen owns property in Brazil, what right is there to any share of the property by the owner's government?

There's a boggling morass of compensation clauses in tax legislation around the world that have been produced under the guise of "fairness" but primarily result in politicians getting their cut no matter what actions they choose to pursue or whether it's the will of the people or not. If these taxation activities had not be legitimized by those in power, they would be considered extortion and fraud.

People tend to conflate morality with ownership: if one person has more than another, that must be "immoral" or "unfair" simply based on the disparity. Not paying your "fair share" is blindly assumed to be reprehensible, but according to whom? There is often no examination of the process by which the assets were obtained. It's a focus on quantity (of assets) to the exclusion of quality (of owner).

An individual investor might diversify across various sectors (agriculture, finance, mining, etc); a company can do the same, diversifying across various regional jurisdictions. The protection offered is the same: distribution of risk - if one region becomes hostile or unprofitable, there are others that can provide a way to survive and thrive. Corporations have been internationalizing themselves for ages. This is not caused by loopholes; attempts to artificially and forcefully control investment leave those loopholes as incentives to keep capital from fleeing entirely until it can be trapped and the loopholes closed, solidifying control and an exclusive power base (this has been the pattern for every empire and today's governments are following the same path).

Individuals can internationalize the same way as corporations do. If all of a person's assets and investments are in one country, such as Argentina, and people are forced to keep their money in a risky economy, the chances for losses are greater and the incentive to make use of that money domestically is reduced. This is the same response companies have to politicians' perpetual desire to do dumb things, and there's nothing preventing the individual from protecting himself the same way. It is the most effective form of wealth protection possible.

Typical rationalization by the selfish and greedy.  You live in our society, so pay your share or get the fuck out.  Fucking traitor.
16  Other / Off-topic / Re: Bitcoin business opportunity on: October 30, 2011, 09:33:38 PM
It's not high risk. If I don't get enough money, I'll return everyone's money. You just don't get it  Roll Eyes
I get it now.  Pretty funny. 
17  Other / Off-topic / Re: Bitcoin business opportunity on: October 30, 2011, 08:20:48 PM
You and logansryche should team up and buy beg the Bitcoin forums to buy you a lemonade stand.
Fixed.
18  Other / Off-topic / Re: Bitcoin business opportunity on: October 30, 2011, 08:12:22 PM
Not at ll! Somewhere in Europe there is now a vending machine that makes entire pizzas from scratch. Why not a building that does a whole menu?
Because the overhead costs would be enormously higher than a traditional restaurant to produce far inferior food?  Because you have no demonstrated ability to design the kind of complex machinery needed to prepare anything more complicated than Spaghetti-Os?  Because your budget to design and build a robot restaurant is based on nothing and almost certainly drastically underfunded?  Because your proposed location has already proven unable to sustain an upscale restaurant?  Because your entire business model is high risk / low reward?  

Pick one of those.
19  Other / Off-topic / Re: Bitcoin business opportunity on: October 30, 2011, 07:52:36 PM
Don't forget microwaving and adding a frozen bag of meatballs. A simple spaghetti and meatballs dish can go for $10 in some places.
You're just yanking our chains with this, right?
20  Other / Off-topic / Re: Bitcoin business opportunity on: October 30, 2011, 07:45:02 PM
I cook gourmet international cuisine as a hobby, and have dinner parties at my house. I have done Russian, Italian, Japanese, Indian, and Greek so far. Wanting to experiment with French. This restaurant was French. I probably will change the menu to something else though from what I understand, French cooking mainly involves a lot of sauces and frying. Mixing sauces automatically is pretty easy, as is frying. If I add pasta options, that's pretty easy as well.
Robot:  "Welcome to Rassah's Upscale Italian Restaurant!"

*microwaves jar of Prego, dumps it out on plate of spaghetti*

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