Yes, $195 per card and this includes shipping. Or all four for $760

It probably cannot be used for this purpose, and thank goodness.

I hope that such things are never seriously proposed. I'd like the government to stay the hell away.

Your results are not typical =)  No, these are 5850's and 330 mhases is quite respectable. Could certainly go higher with more overclocking as well.

Hello all,

I'm selling four Gigabyte Radeon HD 5850's. These have been used for mining, with a sustained hash rate of 330 mh/s with slight overclocking. They are each in perfect working condition, no problems whatsoever. I've kept them very cool with a huge fan and open case. They've only been running about three weeks. My girlfriend does not like our small apartment being hot as hell as we don't have A/C... so she's making me sell them =/

I'll sell each for 12 btc, or all four for 42 btc. (This includes shipping within US)

Please let me know if interested and we can discuss arrangements. I'm located in New England, but will ship anywhere in the US or international (but would need to increase price for international shipping).

Thanks!

As the US sinks in economic importance relative to Asian countries, it becomes increasingly likely that the USD will lose its status as the world reserve currency. And when THAT happens (whether slowly or all at once), the foreign-held dollars that are used for reserve will be sold off relative to other assets. The dollar will plummet in value, because the demand for it as a reserve will be lost - and this demand is currently massive.

So the dollar will decline severely, and people around the world will be looking for substitutes and alternatives. Bitcoin is one such alternative, so yes as the US falls apart BTC will almost necessarily gain in value relative to the USD, and probably other fiat currencies as well.

This is actually an interesting, and useful, question. I would indeed buy BTC if it theoretically could never be traded back for dollars. I may buy less BTC, or be more hesitant, but I see the value in BTC as a currency in and of itself.

Yes. George Mason University, Clemson, Florida State, NYU, Suffolk, West Virginia U, San Jose State, Loyola University, and certainly others.

Of course, truth is not up for democratic vote... I don't much care how many schools teach Theory A vs. Theory B. All I care about is which theory is correct. My own judgement, for whatever it's worth, tells me that a theory which suggests digging holes in the ground and filling them back up as an "economic stimulus" is probably missing something.

Murray Rothbard - Man, Economy, and State, 1971.
http://mises.org/store/product.aspx?ProductID=177

If you prefer to believe Keynesian "economists," such as Mankiw and Krugman, you're welcome to do so. However, if you wish to be correct in your thoughts, I'd encourage you to read beyond what is offered in the US public education system... a system which has been declining in it's effectiveness for decades, despite absurd levels of money spent on "improving" it. I've read Krugman's textbook... have you read Rothbard's?

Inflation, properly defined, is not a "change in the price level." Rather, it is an increase in the money supply. The fact that government schools have taught generations of people differently does not change the proper definition of the term.

People get these things confused because inflation (ie - an increase in the money supply) tends to cause prices to increase. But the price increases themselves are not "inflation." One is the disease, the other the symptom. Changing the term "inflation" to refer to the symptom instead of the disease has led to widespread misunderstandings regarding why prices increase in an economy.  

So to you, I would say, to avoid future embarrassments, DON'T look up definitions of economic terms on wikipedia.

And yes, Bitcoin's inflation is 44% this year, but it will fall as we know to zero percent over time. Comparatively, USD inflation will continue without end - and no, it should not be measured by the price changes in the economy, for the reasons mentioned above. When the government says "inflation is only 1%," they are deceiving people because they're measuring price changes, not money supply changes.

BINGO

BOOM just snagged the last 2 pairs.

If that's your choice, then good for you. For other people, borrowing money can be immensely helpful. Debt is not intrinsically an "evil downward spiral," just as a hammer is not intrinsically harmful. Irresponsible use of any tool will tend to cause pain, but one shouldn't blame the tool itself for improper usage.

Very false. Lending money now, in return for more money in the future, helps individuals who need money now and rewards individuals who would rather have money in the future. Not only is this a "valuable service," it is a fundamental part of an economy.

Consider the most basic example - One man has some money, but no need to spend it. Another man has no money, but a great business idea. Both men can be made better off if the former lends money to the latter at an agreed-upon interest rate. The former man will have more money than he otherwise would, and the latter man will have the opportunity to try his business idea, succeeding or failing in the process.

Without interest, there is no incentive for this exchange to occur, and thus it would not, and thus both men (and the world) are worse off.

Don't demonize interest. Demonize fiat currencies.

Hmmm on this topic - see the names in my sig? I sold them all today  =)

Now I have to change my sig, damn!

The world cannot be overpopulated, so long as private property rights are understood and enforced. Have a million children if you so wish - it will create a million new minds and productive bodies. People, in general, are not parasites on the planet. We produce more than we consume, on net, and this computer on which I type is proof of that.

Overpopulation is a non-issue. The real issue is ensuring those who are born, live in a society that respects their individual rights.

Hi Atlas - I too have enjoyed your posts, your reasoning, and your principled stance on morality. I have a few thoughts for you.

First, every teenager in a way is a parasite until they are off on their own. That is fine! Humans live in an advanced society in which children, up through their teen years and often into their 20's, live off the product of their parents. Eventually, they learn enough to move out into the world and start producing for themselves. This is both a scary thing and an empowering thing - but it is a totally rational and reasonable thing as well, if one understands the economics of it. Like you, I'm of the same moral compass - the one which strongly disdains parasitism. But remember, there is all the difference in the world between voluntary giving (which is what your parents/family/friends) have done for you, and forceful taking (which is what governments and democracies do).  There is nothing wrong with the former. There is everything wrong with the latter. Don't confuse real "parasites" with simple voluntary dependency. All people, Mr. Galt included, have been dependent on someone at some stage in life. So long as it was a voluntary dependency, and not a forced parasitism, no problem exists.

Second, holding oneself to a high moral standard is noble, but it is also a great burden. As you're someone who sees parasites everywhere, you will naturally be checking yourself for that same flaw. This self-criticism, and intense self-reflection, is healthy so long as you remain rational about it. Are you indeed a parasite, living off other people without their choosing? Forcing them to feed you? I doubt you are. Again, see the first point above.

Third, production is hard. If you believe you should be producing more value, then go attempt such, but be ready for defeat after defeat. Don't give up. Successful people are defeated endlessly.

Forth, this may sound harsh, but someone who lived off their parents for 10 or 20 years and THEN decided simply to off themselves... well, that would be a parasite. That would not be noble, nor valuable to anyone. It would be a massive destruction of resources and lost time, money, energy, and emotional development. It serves no purpose, other than to relieve the person in question of the responsibility of fighting that great struggle to become a producer. I would hate to think that you would succumb to such nonsense.

Fifth, you're a teenager!! You should be LEARNING everything you can at that stage. New ideas, new systems, new opportunities. You ought not be producing until you've learned all you can, and then you can start producing in the right direction. Enjoy the voluntary dependency you now have with your family - when you ARE eventually on your own, you'll miss it.

So don't despair. Stand up, realize you're going through a phase of intense self-reflection (though it may last years), and start doing good for yourself and those around you. This doesn't mean "giving to charity." This means, make sure you're fighting the good fight, and pushing yourself through the world as a noble person. Correct your flaws. Don't make excuses. And never give in to emotions of self-doubt.

You're an advocate of Bitcoin, after-all. That provides more value than what many "adults" are currently engaged in. 

Cheers.

Yeah I think that's what it means =)

Wow lot's of hostility!

I got the email also and personally appreciated the message. So what if he put a referral code in there? I think if he hadn't put the TradeHill reference then nobody would have a problem with his announcement/public service message. But the fact that he might -profit- from referrals... well that's unacceptable!!!

Not a big deal either way, and it's probably good for everyone on that list to have received an email informing them that the list was compromised.

I think this event will shake out many of those who are in Bitcoins for the wrong reasons. Those who don't understand why it's valuable, or how revolutionary it is. The thin-skinned will be gone, the price in terms of dollars may drop for a while. So what?

This is all part of the growing pains of this new monetary system. Creative destruction. As an exchange falls, others learn and build better alternatives. Learn from the mistakes, be careful, and march forward.

My fundamental resolve in the currency is not shaken in the least, though it was a wild day and I expect many more wild days in the future. Exciting times.

TradeHill - thank you for producing an alternative exchange. May the marketplace bless you with profits =)

It's inspiring to see new business rising every day in wild this new economy. Cheers!