Fox News? OK, I admit, I have been trolled.
That's right, I forgot. You like to watch MSNBC and get that chill up your leg every time they mention what a great job Obama is doing. Go back to your basement ya douche! |
|
|
|
It would make a lot of sense for a state with adversarial relations with the United States (Iran comes to mind) to embrace Bitcoin. It would be a great way to get around the economic sanctions, while posing more of a threat to Washington than it could ever do militarily.
If you want Bitcoin to die a quick death, then hope for that scenario. Really, could your suggestion be any dumber? Any arguments to back your statement? Sorry, I thought I was dealing with someone who knew better... But to help you out, look at the state of Iran's current economy. In the last 2 years it has had crippling inflation, produce is unaffordable for the average Iranian. Why? Because the US and cooperating International Countries have levied sanctions on this murderous regime who threatens to commit genocide on an entire nation, while actively pursuing nuclear weapons. Why would you want to side with the enemy of the USA and allied countries? If you want to attach Bitcoin to Iran you are guaranteeing that the US will focus it's efforts at destroying Bitcoin, in everyway possible. That is a line you do not want to cross. I almost forgot to mention, their are international economic sanctions on Iran, with VERY HARSH PENALTIES for ANYONE who does business with Iran in any way, shape or form. Plus, who the hell wants to be associated with Iran? The country's leaders regularly preach "death to the infidel" (any non-Muslims). They follow Sharia Law and accordingly cut off the hands of thieves, make raped women marry their rapist, and worse. Still think it's a good idea? You make one good point, that in the case Iran successfully integrated Bitcoin into its economy the United States government would likely make greater efforts to destroy Bitcoin. However, Iran has murdered orders of magnitude fewer people than the United States in the past hundred years, and it is not a threat to the people of the United States in any possible way. Yes, Islam is a despicable political/religious system, but I thought one of the main points of Bitcoin is that anyone can use it freely, regardless of whether or not any other government or entity gives its permission. Besides, if Bitcoin would help Iran's economy improve, Islamic extremism would lose influence, as has happened in numerous cases in recent history. How's the weather in anti-American land, oh ignorant one? America's murdered more than Iran? Putin must be very proud of you, comrade. You ignore that the poster referred to using Bitcoin to bypass American sanctions imposed on Iran. That's just illegal. And finally, I'll address this gem: It [Iran] is not a threat to the people of the United States in any possible way.Your thinking isn't only stupid, it's dangerous. If you really feel that way why don't you go pay a visit to Iran. I'm sure they will welcome you with open arms and treat you the way you deserve to be treated.  |
|
|
|
If you want to attach Bitcoin to Iran you are guaranteeing that the US will focus it's efforts at destroying Bitcoin, in everyway possible. My little boy, the whole question is not about Iran. It is about the US. Nobody will care about Bitcoin if the US government can destroy it at their will. If you do not think that is true, then you must be more deluded than I originally thought. Then be responsible and tell everyone that is currently paying $140 per 1 bitcoin that they are diluded! How ridiculous. There is no threat to Bitcoin now by the US Govt, but the minute you want to use it to aid a country like Iran, you're talking crazy. Maybe get off the computer for a couple days and watch some Fox News, you might learn something. |
|
|
|
If you want to attach Bitcoin to Iran you are guaranteeing that the US will focus it's efforts at destroying Bitcoin, in everyway possible. My little boy, the whole question is not about Iran. It is about the US. Nobody will care about Bitcoin if the US government can destroy it at their will. If you do not think that is true, then you must be more deluded than I originally thought. |
|
|
|
So, if mining is consolidating into a few big players, maybe anybody can tell me why BTCGUILD is still so strong.
Wait until all the new rigs come out like cointerra. Also keep in mind the difficulty has not leveled off yet and is far from it when it does we will see the results of the centralized in full effect I will wait and see, but by now the mentioned consolidation, is only speculation. I know I am not buying at these prices and I know most miners are thinking the same... in one point you will realize that miners who did pre-order these prototypes were only financing the start of the mining operation for these manufacturers, you are giving them only a push but when they have the capital to pay for their own operation they wont need you anymore.. they will build the next mining prototype and keep it for their selves or sell it for a price which making ROI will be a dream. you can ask me "well it is a money printing machine, what are you complaining about?", well first we have to define what is a money printing machine: If you invest X BTC you expect to get Y BTC after (put the numbe here) months, to call that machine a money printing machine this condition must be fulfilled Y>X, if they can make this their selves they wont sell you that machine or they will sell you at a high price that you think that they are thinking about network decentralization. but no the are not May we coin the term, "ASIC inflation?" |
|
|
|
|
You would have to front a very large amount of money for an exchange to work, to have enough capital to trade. Think in the $100,000 range.
|
|
|
|
OK, I am always watching for new prototypes, just a couple of hours ago, CryptX burnins partner opened on their online store to offer the Bitbar fury prototype for first week of October delivery, It is so cool right ? wait till you see the price....
Again an overpriced Product which is totally disappointing, Burnin stated that the prototype will cost around 470€ - less than 5BTC at today exchange price, but again companies want to take advantage and suck the blood out of miners, they expect us to take all the losses, and they are so comfortable to make an exaggerated profits over all of us.
that been said , I am starting to think that the medium and small miners will start getting out of the mining game very soon, which will lead big companies ( manufacturers) to opening their own mining operation, the same like ASICMINER, we will see few big companies like that controlling the network with their hash power(not good) this is exactly what we call a centralization of the network hash power, which can be a threat not only for end users but to everyone, this will even drive to a competition between them, which will lead to even more instability of Bitcoin price.
I am just thinking out loud, I do not know what will happen till the end of the year, but I am sure it will get more interesting, most of calculator I was using is showing a negative income for most existing or to exist prototypes, and Investing in a pre-order now is like investing in the Unknown.
thinking about the pricing of first Batch avalon and first BFL products, when 60 Gh/s was offered for around 1300$, makes me question all offers from these new manufacturers.....
I really want to hear what do you think ? what kind of scenarios we are expecting ?
You are absolutely right. Look what happened to bitfury. Retail miners are just a side show, sold minuscule hashing power to retail. ghash.io, mbp etc. are mining big time, and will only sell to retail at overpriced levels or late enough to provide 50% ROI if that. Same will happen with all others that will come along. I suspect in 6 months to a year, the ASIC war will be over. One or two most energy efficient designs will be used to control 90% of the network. And retail will be controlling 10%, the other 90% will be in the hands of few big companies. Look at the rate ghash.io is making money. They mine two, three blocks every hour or so. Say 50 blocks/day, that is BTC1250/day or 160K/day, you think they will not have the resources to design another 14nm chip to take over the 50% of hashing power. Easy. Holy #@$%! $125 to $160K a day?  What do you think their level of investment in hardware is? Wow, what did it take to make that happen? If I took $300K and bought ASIC miners, would I be doing it big enough to turn profit? Or, is the whole "problem" procuring the miners faster than everyone else? Do you think I would be benefited by a trip to China for some one on one negotiation with some ASIC manufacturers, and get a container of ASIC's shipped over here to the USA? I'll do it if it has a good chance of working. I have gone to China before to source other products, so I am not intimidated. |
|
|
|
It would make a lot of sense for a state with adversarial relations with the United States (Iran comes to mind) to embrace Bitcoin. It would be a great way to get around the economic sanctions, while posing more of a threat to Washington than it could ever do militarily.
If you want Bitcoin to die a quick death, then hope for that scenario. Really, could your suggestion be any dumber? Any arguments to back your statement? Sorry, I thought I was dealing with someone who knew better... But to help you out, look at the state of Iran's current economy. In the last 2 years it has had crippling inflation, produce is unaffordable for the average Iranian. Why? Because the US and cooperating International Countries have levied sanctions on this murderous regime who threatens to commit genocide on an entire nation, while actively pursuing nuclear weapons. Why would you want to side with the enemy of the USA and allied countries? If you want to attach Bitcoin to Iran you are guaranteeing that the US will focus it's efforts at destroying Bitcoin, in everyway possible. That is a line you do not want to cross. I almost forgot to mention, their are international economic sanctions on Iran, with VERY HARSH PENALTIES for ANYONE who does business with Iran in any way, shape or form. Plus, who the hell wants to be associated with Iran? The country's leaders regularly preach "death to the infidel" (any non-Muslims). They follow Sharia Law and accordingly cut off the hands of thieves, make raped women marry their rapist, and worse. Still think it's a good idea? |
|
|
|
|
Maria, you really need to make a website that outlines your program.
Everything you have posted is too "touch and go" for anyone to take seriously.
You are motivated by money? So are we, so at least make the effort of a decent website that explains everything.
|
|
|
|
It would make a lot of sense for a state with adversarial relations with the United States (Iran comes to mind) to embrace Bitcoin. It would be a great way to get around the economic sanctions, while posing more of a threat to Washington than it could ever do militarily.
If you want Bitcoin to die a quick death, then hope for that scenario. Really, could your suggestion be any dumber? |
|
|
|
You guys are way off base. You need to look at which countries have the best privacy laws. Off the top of my head: Principality of Andorra (located between Spain and France) Monaco (Principality) Samoa Bahrain Malta Seychelles Sultunate of Brunei Mauritius Panama Belize Bahamas British Virgin Islands Gibraltar (UK) Read this website: http://www.streber.st/It talks about the best countries to form an offshore corporation based on privacy laws and taxation laws. I believe the same principles would apply to this thread. |
|
|
|
|
The easiest way to accomplish this is to go around shutting down the exchange services like Bitstamp...
|
|
|
|
Does this site generate any revenue?  |
|
|
|
|
Trolling is an art, and you sir, are no Van Gough, not even a Picasso.
|
|
|
|
Everyone in the supply chain is making profit. The end person isn't though, because they are the consumer.
Why are ASIC manufacturers out of their minds?
You are viewing Bitcoin miners as "consumers," when infact they are miners (laboring to make a profit). Sorry, but I am not buying an ASIC miner for the bragging rights, and I'm sure 99% of other people buying ASIC's ARE doing it to make money. ASIC manufacturers are hanging themselves by charging too much for their hardware. They are stunting their future growth by alienating their core market. |
|
|
|
BufferOverflow, that is exactly my point! The minute a business to business model fails to offer the BUYER a PROFIT, that business is finished! Anyone in the business world knows that! I am not going to purchase appliances to sell in my appliance store if all the manufacturers of Dishwashers and Refrigerators don't want to sell it to me at the wholesale price! Manufacturer ---> Distributor ----> Seller Along the way, the price roughly doubles, as it goes from manufacturer to distributor, to the store (seller). This ensures everyone involved in the process makes a profit. ASIC manufacturers are out of their minds!!!  |
|
|
|
1: To be honest i have no idea how this works internally, but i never had any problems ordering worldwide neither did all my customers.
2: It is a full account with one limitation: You cant send money from it.
So you do get a routing and account number or not? |
|
|
|
Thank you for clarifying.  IMO, your response to dialitedPixel should have been much stronger. I would let him have it if he accused me of selling copper nickel alloy instead of real silver! |
|
|
|
|
Show Posts
