Bitcoin Forum
April 19, 2024, 02:26:49 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 [13] 14 15 »
241  Bitcoin / Bitcoin Discussion / Re: Bitcoin is beggining to get "bad" publicity... on: June 03, 2011, 03:32:14 AM
pigf*cking sodomite necrophiliac pedophile terrorist racist drug-dealing money-laundering gun-running slave-trading kiddy-porn puppy-stomping paint huffers.

I've gotta find somewhere I can use that quote, it's great!
242  Bitcoin / Bitcoin Discussion / Re: bitcoin intrusion in your life on: June 03, 2011, 03:26:59 AM
aye, obama isn't much better. Admitedly he did meet most of his campaign promises... atleast half way, but he also shoved in some sickening shit over the last few years.

Sadly, we have no alternative yet, every single candidate is as bad as the last.

as for libritarians? i don't care, i'm a liberal socialist and fiscal conservative :p I don't want to go to war, I don't want black projects and waste spending everywhere, and the government should get out of my bedroom. But I want the social programs that feed, clothe, and take care of the millions of people below the poverty line. If possibly I want those systems improved, but almost every candidate just wants to strip mine them to line the rich pockets.

what promises did he actually deliver on?
http://newsgnome.blogspot.com/2009/03/official-list-of-obamas-broken-promises.html

If he promised to destroy whats left of the US then yes hes delivering.

He promised higher energy prices.  He delivered on that! http://www.youtube.com/watch?v=HlTxGHn4sH4
243  Economy / Economics / Re: Correlating with Search Trends on: June 03, 2011, 02:00:38 AM
May 24 was the day before Memorial Weekend.  May 21-23 was not.

People were thinking about/preparing what they were going to do for the weekend.  Was a really slow work week for me, as I'm sure it was for a lot of people.
244  Economy / Economics / Re: Zimbabwe on: June 03, 2011, 01:55:26 AM
I know it's just a joke, but it's not like you can just decide to peg your currency to something and call it good.  It involves artificially raising the lowering the price of your currency by either selling it to lower the price, or buying it in the open market with other currencies to raise the price.  It's a manipulation of the actual market value.  They would need substantial foreign currency reserves and a currency that has some actual value to being with.  What you're probably thinking of is what they actually did which was abandon their currency in favor of a real one, but then they can't print their own money.
Yeah obviosuly no one will convince them to use the bitcoin but it's a thought.
They've chucked their currency out the window a four times in the last 30 years.  So yeah totally replacing it.  Right now everyone just uses the US dollar there.  So they can't print their our money anyway.  Seems like the government in Zimbabwe can't keep their fingers off the printing presses when they do print their own money. look at the history of their currency: http://en.wikipedia.org/wiki/Zimbabwean_dollar  At the moment they have no official currency.
245  Economy / Economics / Re: Correlating with Search Trends on: June 03, 2011, 01:43:19 AM
Looking at May 21-24, there was a small lull in Google Search activity for the keyword "bitcoin", but bitcoin price went up all these four days.

It is possible that there is a time lag.



Memorial day week end in the US,  half the people interested were out barbecuing instead.
246  Economy / Economics / Zimbabwe on: June 03, 2011, 01:38:45 AM
I was think as a promotional thing maybe someone can convince Zimbabwe to peg their currency to the bitcoin.  They've got nothing to lose anyway right?  It's cheaper to wipe you A$$ with their currency than use it to buy the toilet paper to wipe with.  Since 99% of everyone in Zimbabwe don't have a computer then actually using the bit coin as a standardized currency would probably be unfeasible at the moment.
247  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Biggest Downfall on: June 03, 2011, 12:01:38 AM

Ok the "it will magically solve itself" is not an answer. It didn't magically solve itself for any of the other digital currencies that have failed and for all of the it was the need to convert them back to Centralized currencies.

I never said it was magic, even though to some it might appear as such.  It's economics.  It's the 'network effect'.  As the Bitcoin economy grows, and thus comes to represent a greater portion of the total economy of any given region, the need of bitcoin holders to exchange out to a national fiat currency will decrease.  In the future, if you can spend bitcoin at Wal-Mart for your daily needs, you don't need to pay transaction fees nor trust some distant counterparty dealer.  You simply go to Wal-Mart and buy what you need directly, probably using your smartphone.  That is the end goal of this whole thing.  Fiat currencies have real limitations that make their use in cyberspace risky or difficult, but the reverse will soon no longer be so.

I would be surprised if the Euro existed in 10 years (in any recognizable form) even if Bitcoin didn't exist.  Now I think that not only will the Euro not exist in any dominate fashion, Europeans won't even care.  The US FRN will last longer, for many reasons, but will eventually fade away.  The governments that persist will have to adapt to a world wherein they have near zero control over the monetary system.

Once bitcoins come on to the scene in a serious way smart governments would smart to put their super computers to work generating bitcoins.  They could suddenly start hogging all the mining revenue.  And after bit coins can't be made any more they would be collecting most of the transaction fees.  At the end of the day they may not need to tax any more.  I think smart governments won't have too much of a problem if they embrace bitcoin instead of outlaw it.  They will have bigger problems with the emerging decentralized internet powers.
248  Bitcoin / Bitcoin Discussion / Re: What's the largest purchase you've made in Bitcoins? on: June 02, 2011, 11:16:35 PM
where's that "10k pizza" guy ?
maybe he is ashamed or something, but he is actually a hero,
if he did not invest in btc community, maybe things would go a lot slower...

Someone had to spend some bit coins at some point.  I'm sure he still has a nice stash.
249  Bitcoin / Bitcoin Discussion / Re: Bitcoin is money laundering... according to some on: June 02, 2011, 11:07:45 PM
This is from the UK serious fraud office:

Our aim is to protect society from extensive, deliberate criminal deception which could threaten public confidence in the financial system.  We investigate fraud and corruption that requires our investigative expertise and special powers to obtain and assess evidence to successfully prosecute fraudsters, freeze assets and compensate victims.


Sounds exactly like bitcoin...

I'm sure them seeing Bitcoin as a potential threat to the Pound would give them every reason (in their own minds) to seize every bitcoin they find in the UK.
250  Bitcoin / Bitcoin Discussion / Re: Dwolla on: June 02, 2011, 10:46:15 PM
Yeah getting money into mtgox with Dwolla is a process.  In the mean time the price of bitcoins climbs.  I resorted to trading on the forum and on bitcoinmartket.com which allows pp.  But it's at about a dollar more than mtgox right now.  Probably because of the increased risk.

I don't know how to use that site. It's appears user unfriendly, I'm afraid. Is there a manual somewhere?

Yep, it has pretty user unfriendly interface.  Basically after you sign up, click on the member services link on the right hand side.  Click on the "my orders" tab.  You won't see much but there will be two blue links. "Open a new order" and "accept an existing order".  They are pretty self explanatory.  If you want to just buy from someone who is listing accept an existing order.  if you want to create an order and set the price and amount you want click open a new order.  If you click accept an existing order you will have to click on the "BMBTC/PPUSD" tab to see orders specifically for pay pal.  The column on the right will be people selling bitcoins and the column on the left will be people buying.  After you accept an order or have your' accetpted you will have to pay the person directly through pay pal.  It's a good idea to click on their user id link and check out their feedback before you send them a bunch of money.
251  Bitcoin / Bitcoin Discussion / Re: Dwolla on: June 02, 2011, 08:12:55 PM
Yeah getting money into mtgox with Dwolla is a process.  In the mean time the price of bitcoins climbs.  I resorted to trading on the forum and on bitcoinmartket.com which allows pp.  But it's at about a dollar more than mtgox right now.  Probably because of the increased risk.
252  Other / Politics & Society / Re: Democracy and Voting = a choice? on: June 02, 2011, 07:51:05 PM
I wonder if anybody has ever calculated the chances of a vote making any difference in elections. I bet the chances are compared with those of winning a lottery, if not worse. You probably have much more chances of dying in your way to the voting center than of having your vote making any difference.

In the Bush-Gore election of 2000 I think it came down to a thousand votes or so. That's a pretty tiny number considering all the people who voted.
253  Other / Politics & Society / Re: Protecting bitcoin from government on: June 02, 2011, 07:41:24 PM
This is probably one of the major reasons Satoshi never let anyone know who he was.  I wouldn't be surprised if he is actually an American working for the NSA specializing in cryptography.  Then he got sick of the government's monetary polices and decided to create bitcoin.
254  Other / Politics & Society / Re: Israel on: June 02, 2011, 07:01:03 PM
Right now my income is directly dependent on Israel.  If Israel disappeared so would my income.
255  Bitcoin / Bitcoin Discussion / Re: Bitcoin is money laundering... according to some on: June 02, 2011, 06:44:22 PM
Yeah probably mostly motivated due to the CPU usage.  Secondarily because they are afraid bitcoin will become illegal and they will get shut down for allowing people to generate coins on their servers.
256  Economy / Economics / Re: MtGox fee to high? (0.65%) on: June 02, 2011, 06:10:25 PM
Yeah I've calculated that mygox has made some 600,000 usd over the last year from fees
257  Economy / Economics / Re: wtf @ the current state of the bitcoin economy on: June 02, 2011, 04:53:40 PM
Yep I think the growth right now is mostly speculators.  But if you think about it, it might not matter if you can't do anything but trade it back for national currencies because it's still a good place to protect your money from inflation.  Bitcoin, at least after it reaches 21 million coins, will pretty much guarantee deflation.  So it becomes a very good place to put you money for the long term.  Even if you can't directly buy with it in many places.  I mean look at it this way, 10 year ago gold was at like $300 and once, and now it's $1500.  You can't go and buy much with gold either.  It's because people are putting their money in it as a safe harbor from inflation and a bad economy.  Of course if you look at the value of gold vs the number of people in the US, it's way over valued even compared to the USD monetary base.  Right now Bitcoin is massively under valued, mostly because the word hasn't gotten out yet.
258  Economy / Economics / Re: What happens when Bitcoins are illegalized in the whole world? on: June 02, 2011, 03:25:35 PM
If bitcoins became illegal I'd just move my stash over seas and wait it out.  With bitcoin, moving it around is really easy.
259  Economy / Economics / Re: Hyperinflationary collapse report on: June 02, 2011, 02:39:52 PM
Too soon, I need more time. 

Don't worry, if you have at least 100 bitcoins and it's value keeps going up at the rate it is now, you'll be a millionaire by next year at this time.
260  Economy / Economics / Re: What to do if Bitcoin's value explodes! on: June 02, 2011, 02:36:45 PM
This has me thinking about what the biggest threat to bitcoin's value is at the moment. In my opinion the biggest threat is that some early adopter wants to buy million dollar+ house and has to sell off all of his bitcoins to do it. Conclusion: we need a bitcoin real estate company.

The problem with that is the seller of the house has to agree to accept bitcoins.  If not the real estate company or some bank would have to act as an intermediary and exchange the bitcoins for dollars, which would affect the market.  Although if someone does buy a house based on bitcoin profits I think the crash would be temporary, the publicity from the transaction would whip it right back I think.  A cheap house would be about 10,000 bitcoins at a going rate on mtgox atm, or 100,000 bitcoins for a really nice house.  If there is any person who has over 100k bitcoins, then we already have some people who were made millionaires by bitcoin.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 [13] 14 15 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!