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1441  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██ ZEITCⓞIN MOVEMENT [POS] ██ on: May 12, 2014, 08:34:39 PM
Here's a relevant cross post:

The funny thing about Bitcoin is that it does require a bit of patience to make some profits, but compared to most investments it really requires very little!  Just hold for a year or so and that is all it takes to do pretty well.

Unfortunately we are getting near to the end of a consolidation period so now is the most painful and hardest time to be in Bitcoin.  The Summer will most likely be much more enjoyable, and less painful for those that have a hard time waiting longer than a few minutes for some good gains. Wink

BitChick classing up the place, showing how it's done.  Grin  Can you pls then teach these immature 'boys' on this forum how to hold their wad for more than 5 friggin' minutes?  Lol.  

I'm so glad I'm not part of this stupid "GenY-ADHD-things-aren't-happening-fast-enough-something-gotta-be-happening-every-second-or-life-sucks-oh-snap-something-big-going-down-on-Twitter" generation.  #millenialsaredoomed

I had a professor in college, and this was over a decade ago, mention that he had to change the way he even taught because students could no longer stay focused for an hour long class.  He had to break it up with stories and other creative teaching tactics.  He was a great teacher and I enjoyed his style, but it was interesting that he noticed a change. Also, most students have difficulty even reading entire books anymore.  So I agree that the younger generation struggles with patience and are generally a bit more ADHD.  This desire for instant gratification should help help spur Bitcoin's longterm success though.  It makes sending money internationally more "instant" for example. Wink

https://bitcointalk.org/index.php?topic=604973.msg6679523#msg6679523
1442  Bitcoin / Hardware / Re: HashFast Sierra's Owners Thread on: May 12, 2014, 08:25:09 PM
cgminer + winblowz + usb asic = zadig. Are you using zadig?
1443  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 08:17:30 PM
^
*NotLambchop add "MuhGunz" to the cliche list*

No law requires you to engage in bitcoin commerce, but this begs the question:  What's bitcoin good for, if not for commerce?  Isn't that sort-a a given that money is, you know... used? Cheesy

Money? Did you mean to say currency?
I meant to say exactly what I have said -- monˇeyˈmənē/ Smiley
Quote
Sure, please permit me to quote myself, as I've already answered this question in this thread.

Yes, WEALTH should be stored in something other than fiat, and many make the wise decision to do that very thing.

https://bitcointalk.org/index.php?topic=604083.msg6691978#msg6691978

Err...  Why dredge that up again?  Who told you that fiat was a great store of wealth?  How does that statement, regardless of it's validity, relate to bitcoin's use as money (or "currency," if you want to fool people into thinkin' you've been to finishin' school)?  Are you suggesting that it isn't?

Holy crap, I retract my previous comment about what you seem to know. I apologize, I overestimated your understanding of the topic.

1444  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] TEKcoin PoS/PoW on Cryptsy! 30 days 40% interest! on: May 12, 2014, 08:09:18 PM
I am going to need someone with mature blocks that are ready to stake to try the updated version of the source code I have compiled. I made some small changes to the staking process and need to make sure that it works. I would do this myself, but I don't have any aged blocks. Let me know and I will send you a link to the windows exe.

I can guinea pig. I have tek running in a win8 x64 vmx with current stake weight over 300 and more maturing tommorrow. If it sends me back in time, eats my coins, or loses an extraneous sock in the dryer...I'm coming for you! lol
1445  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast) on: May 12, 2014, 07:58:32 PM
Then there's the chapter 7 bankruptcy filing:

http://ia902509.us.archive.org/13/items/gov.uscourts.canb.522575/gov.uscourts.canb.522575.1.0.pdf

This may or may not be an attempt by hashfast's creditors(customers) to take control of the company.

Actually that is almost certainly the case, this appears to have been filed by creditors:

https://business-bankruptcies.com/cases/hashfast-technologies-llc
1446  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 07:45:20 PM
^
*NotLambchop add "MuhGunz" to the cliche list*

No law requires you to engage in bitcoin commerce, but this begs the question:  What's bitcoin good for, if not for commerce?  Isn't that sort-a a given that money is, you know... used? Cheesy

Money? Did you mean to say currency? ...or did you intend to imply that Bitcoin fits the definition of the word money? I'm fine with that provided you also agree that fiat clearly does NOT fit the definition of money.

Sure, please permit me to quote myself, as I've already answered this question in this thread.

Yes, WEALTH should be stored in something other than fiat, and many make the wise decision to do that very thing.

https://bitcointalk.org/index.php?topic=604083.msg6691978#msg6691978
1447  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 07:31:04 PM
The last looting I heard of in Cyprus was a little Bitcoin bank called NeoBee :$ Cheesy

Relevance? I know very little about neobee and bitcoin securities in general...

You should probably familiarize yourself with Bitcoin securities.
It is a shining example of laissez-faire economy based on non-inflationary currency in action.  ~95% failure rate.
NeoBee was a lulzy proposal by a charismatic young man named Danny Brewster to start a Bitcoin/fiat bank.  He has raised millions by pitching his brainchild to a receptive audience of Libertarian-leaning amateur financiers.
Then he ran away Smiley

Not quite sure how happy that would'a made Grandma.  Oh wait...

Please cite the bitcoin legal tender law that requires me to engage in bitcoin commerce or crypto related investing. Your posts are akin to soccer moms that blame guns for "killing" people. Make sense man.
1448  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 07:04:17 PM
The last looting I heard of in Cyprus was a little Bitcoin bank called NeoBee :$ Cheesy

Relevance? I know very little about neobee and bitcoin securities in general. They're not for me. If people choose to entrust their bitcoins with someone else then they were at risk. That should be obvious with a non-redeemable currency like Bitcoin. I haven't heard of anyone being forced to engage in bitcoin commerce or investing.
1449  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: May 12, 2014, 06:56:57 PM
LOL did you guys see the news from cointerra.

They are now offering 1-2 year mining contracts.  12 month contract for 2TH cost $8000, which is 0.009 btc/gh (8000/440/2000).  That's 30% more expensive than cex.io (already overpriced), only lasts 12 months, and doesnt have a market to be easily traded like cex.  

What a joke, those guys should just fold shop. Gig is up.

Why not, hashfast seems to have declared bankruptcy after stealing all they could.

http://ia902509.us.archive.org/13/items/gov.uscourts.canb.522575/gov.uscourts.canb.522575.1.0.pdf

How far behind can crapterra, bfl, and vmc be? US manufacturers seem to be formed to do business just long enough to grab all they can before folding up shop.

Edit: It seems likely hashfast did not declare bankruptcy. That this filing is an involuntary bankruptcy filing from hashfast's creditors.
1450  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 06:45:43 PM
*NotLambchop adds "non-government crooks(FRBNY)" to the cliche list*

Is there anyone not conspiring to part you and your monyz, solarion?

Not in government or banking...no.

I know...I know there's no way Americans will be treated to a Cypriot like looting. It can't happen here. FDR has been dead and gone a long time! US banks are safe, honorable institutions! Roll Eyes
1451  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 06:41:26 PM
Yes, WEALTH should be stored in something other than fiat, and many make the wise decision to do that very thing. That's why banksters(and their puppet politicians) keep attacking things that represent stable stores of value over time that cannot be used to steal through inflation.

What do bankers steal through inflation? Can you describe the process?

Goodness no. Please look up the millions of books or articles on the subject. I can recommend you look up Thomas Jefferson, Andrew Jackson, and Alexander Hamilton's history. If you're disinterested in reading then look up the thousands of youtube videos dealing with FRB, jeckel island, FRBNY, etc. Not doing your homework for you. This stuff should be required reading material for anyone unfortunate enough to have to deal with fiat currency, not a semi off topic paragraph.


1452  Other / Politics & Society / Re: Armed Feds Prepare For Showdown With Nevada Cattle Rancher on: May 12, 2014, 06:32:55 PM
Last time I checked liberals don't often support guns, militias, farmers, or southerners really.

Agreed.

However, this one claims to support the 2nd amendment(and claims to be a gun owner), but seemingly hates it when people exercise their 2nd Amendment rights. Roll Eyes He also called for the militia members on Bundy's property to be stripped of their 2nd Amendment rights.  

He plainly despises militia, though I suspect we could get him to acknowledge the militia's Constitutionally protected right to keep and bear arms...and assemble. Basically, he seems to be a fan of HIS Constitutional rights.

I thought he said he WAS a farmer?

Is Nevada southern? I never think of it that way, but he obviously dislikes the Bundy clan, so perhaps he considers them southerners. Then again I thought he mentioned residing in Texas, which is plainly more southern than Nevada. I suspect in this case it's not so much anti-southern as it is a pro-team blue mindset that sets our hero off.

I put him on ignore after several contradictions he refused to address, so I may have missed some bs since.  
1453  Other / Politics & Society / Re: BitLicenses is come on: May 12, 2014, 06:08:17 PM
New york gov is just money hungry, if it wasnt for prices going to 1000 they woudnt have paid any mind to bitcoin, but that influctuation, made them feel like they lost alot of money,   People wont adapt to bitcoin in new york that heavy now or pay any taxes on it.

Exactly. Money they didn't steal is *NOT* lost revenue. It was never theirs to begin with. To be fair, DC sees peasant's earnings the same way. They'll graciously allow you to keep some of what you earned, provided you don't get greedy. Roll Eyes You may of course keep nearly all of your earnings if you're in "the club". Peasants need not bother applying.
1454  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 06:01:31 PM
Not going to engage in a lengthy drawn out "duh session" with you. ...

You initiated this, and now that you've spouted your entire arsenal of hackneyed cliches, from ObamaCare to brainwashing schools, you ragequit.  K Undecided

Cliches? Ragequit? Okay bud, frame the non-debate however you like. I'm delighted that FRB, monetary expansion WAY beyond legitimacy, and blatant interest rate manipulation by non-government crooks(FRBNY) have not injured you. Others have plainly been less fortunate.
1455  Other / Politics & Society / Re: Armed Feds Prepare For Showdown With Nevada Cattle Rancher on: May 12, 2014, 05:46:17 PM
I guessetimate that most readers here think you are a jackass.

Totally.

The liberal mind seems to be a very simple and unscientific closed loop. For instance most liberals support keynesian economic theory, which is a proven failure, yet their answer tends to be more more more until it "works". If there's a problem, then government has to fix it, usually with more bumbling intervention, even if it's bumbling .gov intervention into free markets that caused the problem to begin with. Cue nancy piglosi claiming that US tax dollars wasted on food stamps results in net GDP growth.

This particular liberal mind accepts that government in the US is corrupt at the highest levels and capable of unspeakable acts of terrorism against it's own citizenry(9/11), yet he sides with them vs those "bad" red team guys. He says we should watch the government parasites closely because they're crooks, but then acknowledges that there's no real way to do so since they've got their claws into everything...but we should trust them anyway. Really weird.

I guesstimate that most readers here think that they have read more sense in one paragraph of tvbcof's posts on this subject than all the ad nauseam, ceaseless, charlatan, bullshit, vacuity posing as metaphor, spam of a thousand of Anonymints "keep your hands off my stash" pish postings  Wink.

Just don't read two of tvbcof's allegedly sensible paragraphs in a row, or you may soon discover that his only consistent trait is that he's remarkably inconsistent. He claims to be a prepper that seems to see nothing that's worth standing up for and he seems to despise people who do.  
1456  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 05:26:52 PM
Not going to engage in a lengthy drawn out "duh session" with you. You seem to know exactly what theft is going on, you're just fine with it because it doesn't hurt you. It's hurting others...badly, many of whom don't even realize what's happening to them. In large part because intimate knowledge of the modern(scammy) banking system is not a mandatory part of the curriculum in public brainwashing institutions schools.

The problem with low risk investing is it doesn't keep up with the real rate of inflation, but then I think you know that. Low risk investments still result in losses over time...just slower and only then if things go well.

Yes, WEALTH should be stored in something other than fiat, and many make the wise decision to do that very thing. That's why banksters(and their puppet politicians) keep attacking things that represent stable stores of value over time that cannot be used to steal through inflation.

Quote
blah blah willful ignorance blah blah it doesn't effect me so I don't care blah blah
1457  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██ ZEITCⓞIN MOVEMENT [POS] ██ on: May 12, 2014, 05:15:18 PM
I havent heard any replies about not being able to sync on client. its been over a day since i updated and i cannot sync even though i have connections

There have been numerous replies to those having this issue, both here and on the zeit forums. Backup your wallet and delete your blockchain files. Ray suggested a couple pages back that their could be issues with case sensitivity on some OSs. I've never had any problem syncing the Zeitcoin wallet, so I'm unable to offer any first hand experience.
1458  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: May 12, 2014, 05:06:25 PM

Shocking. These maggots have used lawyers & legalese to steal at every turn, nobody should be surprised.

This wasn't voluntary this is what Minor Miner and Entropy-uc were talking about doing last week in their thread, "Putting Adults in Charge at Hashfast"

https://bitcointalk.org/index.php?topic=588068.0

In other words if Hashfast owes you money this might be good news.

Seriously doubt a chapter 7 bankruptcy claim will be net good news for victims.

More likely this is hashfast's response to avoid paying refunds to customers victims.

Quote
Investopedia explains 'Chapter 7'

The investors who take the least risk are paid first. For example, secured creditors take less risk because the credit that they extend is usually backed by collateral, such as a mortgage or other asset of the company. Next in line are the unsecured creditors, and then the investors. This phenomenon is known as "absolute priority."

IOW you're screwed by crooks and their lawyer lapdogs. Two scamfast companies, one incorporated in Delaware. No this was a screw job from the get go.

Edit: you may be correct given the number of unrecognizable names listed in that pdf. I certainly hope this action results in a shutdown of hashfast, an interruption of the ongoing fraud, and some measure of relief for their creditors(customers).

https://business-bankruptcies.com/cases/hashfast-technologies-llc

Baker & Hostetler, LLP is representing creditors.
1459  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 04:37:36 PM
^
Now that you found out that fiat money is inflationary, you can avoid being a chump by investing it or spending it on goods and services -- not stuffing it in your mattress and expecting it to retain its value.

The cool kids know this, and have been doing this "investing and spending" thing all along.  Give it a shot Smiley

How does that help people attempting to store funds for retirement, the risk averse, or entrepreneurs? Should they be invested in something risky to attempt to keep up with the rate of inflation? This debt based "monetary" system encourages risky(stupid) investments by punishing inactivity, just like ppaca does. Even those that thought they were prepared are getting looted, that's why grandma is working at mc donalds now. She may well have saved up what she thought was a significant sum, but then inflation worked it's magic on her savings.

Productivity increases are inherently deflationary, but when productivity increases are introduced in modern society the only beneficiaries are those that issue the currency or are first to spend it. That's theft through monetary inflation. There's no capitalism without capital. FRB & artificially low interest rates ensures that there's very little capital formation. If you want to start a business...BORROW. It's a scam.
1460  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: May 12, 2014, 04:29:33 PM

Shocking. These maggots have used lawyers & legalese to steal at every turn, nobody should be surprised.
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