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941  Economy / Economics / Re: Sniff ... do you smell smoke? on: April 24, 2012, 09:23:30 PM
There's that smell again ... I can't quite put a finger on it though.



 - http://bpp.mit.edu/usa

Also, 8 year gas chart (U.S. Average):



 - http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=96

No brainer.
All that happened in 2008-2009 is bound to happen again, because the old system stayed in place, nothing changed.
But when it happens the next time, it will be impossible to save the current system - no bailouts will ever be big enough to help.

If your children (banks,funds) are spoiled, then how should you correct them? By punishing them with rod (money cuts, bankrupcies) or perhaps giving them more candy (bailouts) ?

OMG, this is going to be one one of the greatest economical collapses of all times. Just sit and watch.
942  Bitcoin / Bitcoin Discussion / Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ? on: April 23, 2012, 12:19:08 PM
We can get an idea of what to expect by looking at the history of e-gold. The US government started attacking the exchange sites before they went after e-gold itself, and the banks would deny them accounts, making it increasingly difficult for people to exchange dollars (or whatever) for e-gold. We can certainly expect them to do the same thing with bitcoin exchanges eventually, because they already know it works.

+ e^x

Imho that's exactly what is going to happen.

943  Bitcoin / Bitcoin Discussion / Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ? on: April 21, 2012, 04:00:24 PM
It is quite obvious that in (maximum) few years some of world's Governments are going to start perceiving Bitcoin as a threat.

is it really that obvious?

Yes, it is quite obvious that SOME of the governments will view BTC as threat. I didn't say how many governments, or which governments.
944  Bitcoin / Bitcoin Discussion / Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ? on: April 20, 2012, 10:39:40 PM

Taking megaupload takedown into consideration this scenario is IMHO not only probable, but inevitable.


This is flawed comparison. I think we can assume that 90+% of Megaupload's traffic was illegal/cracked apps/games/movies/music. If 70-90% of all bitcoin transactions involved illegal drugs/weapons, then you might have an argument.

Bitcoin {IS NOT} a Megaupload.

Of course it is not. And we are not even talking about Bitcoin, but MtGox, specifically.
But how does that matter to the US government ?

They don't care what is and what isn't. They just call you a terrorist, send you to guantanamo and that is all.

945  Bitcoin / Bitcoin Discussion / Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ? on: April 20, 2012, 09:42:57 PM
These threads are pointless, it's just useless FUD. Mt. Gox is pretty much the most solid exchange out there and very cooperative with regulation. It's highly unlikely that they would go out just like that, because they are doing nothing illegal. We would know well in advance if Bitcoin was starting to have serious legal trouble. But just to make sure, always take care of your own money. At least most of it, so the losses are acceptable. I hold some coins at Mt. Gox but it's a minority of my Bitcoin savings and I could live with it if something happened.

Even if something happened to Mt. Gox it's not the end of Bitcoin, far from it. It would take a major hit to its reputation but at the end of the day Bitcoin is as strong as its technology and its usefulness. Bitcoins can be bought and sold even without centralized exchanges although it would be inconvenient. But talking about that is irrelevant at the moment, afaik the exchanges are doing perfectly fine, with the exception of US based exchanges. Nothing has changed and speculating on "what could happen" is just FUD.

It doesn't mean that people shouldn't prepare for this "coincalypse", that's actually Bitcoin 101. Keep your private keys safe. Trusting them to 3rd parties, any 3rd parties, is not necessarily a good thing. This is not always true though, for some users Mt. Gox could be the safest place to keep them, especially if you use a yubikey for the login. It's centralized but at least you can't fuck it up yourself. That's why I actually think it's OK to keep some coins at Gox but never put all your eggs in one basket.

Stop crying man, nobody is saying that end of MtGox is end of Bitcoin.
I am only saying it would be better if we encouraged people to use other exchanges more, so we can decrease the losses once Govt takes Gox over, that is all.

Centralization is certainly a problem, but Bitcoin will prevail. Still, it is better to be more prepared for it, rather than sit and wait for the disaster while happily keeping all money at MtGox (which is kind of stupid and irresponsible).

We cannot stop governments killing MtGox, but we can diminish the effect it will/would have on our economy. Every action we take counts. Hence my signature.
946  Bitcoin / Bitcoin Discussion / Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ? on: April 20, 2012, 07:03:20 PM
I share your sentiment, Shadow, but I don’t believe anything can be done about it since it is less profitable and more difficult in the immediate future to use less liquid and fractured exchanges.

Yeah, i guess you are right, nothing can really be done.
Waiting untill shit hits the fan in progress...
947  Bitcoin / Bitcoin Discussion / Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ? on: April 20, 2012, 06:56:58 PM
Free markets are reactive, not proactive.

Is that a rule that is always fixed in space-time continuum, or perhaps people could actually change that if they started working together at least a little ?
It is difficult to change human nature. Noone is really going to care until shit hits the fan since it’s not really worth worrying about it when it is so far in the future, and people believe they won’t be affected anyway.

So i guess we will be waiting until "shit hits the fan" instead doing something (even something small ?).

But what is the harm of actually doing something instead of sitting still and waiting until that happens ?
What is the harm in waiting until it happens?

Because we could do something, and we do not. Doing something could decrease the future disaster which will happen after they close MtGox.

Simple:  If MtGox gets shut down, I'll start using a different exchange.  There's several others out there, so what's the problem?

The people who lose their money will become a problem.
They will keep going around the internet and ranting that Bitcoin is unsafe because blah blah blah (which is obviously false, but still).
948  Bitcoin / Bitcoin Discussion / Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ? on: April 20, 2012, 06:54:29 PM
Free markets are reactive, not proactive.

Is that a rule that is always fixed in space-time continuum, or perhaps people could actually change that if they started working together at least a little ?
It is difficult to change human nature. Noone is really going to care until shit hits the fan since it’s not really worth worrying about it when it is so far in the future, and people believe they won’t be affected anyway.

So i guess we will be waiting until "shit hits the fan" instead doing something (even something small ?).

But what is the harm of actually doing something instead of sitting still and waiting until that happens ?
949  Bitcoin / Bitcoin Discussion / Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ? on: April 20, 2012, 06:43:00 PM
Free markets are reactive, not proactive.

Is that a rule that is always fixed in space-time continuum, or perhaps people could actually change that if they started working together at least a little ?
950  Bitcoin / Bitcoin Discussion / Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ? on: April 20, 2012, 06:38:51 PM
What we need is a darknet p2p based exchange.

That too, but not enough.

"Normal" people will probably always view darknet as the tool of hackers/pedophiles/sociopaths/money launderers/whatever.
951  Bitcoin / Bitcoin Discussion / Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ? on: April 20, 2012, 06:36:58 PM
OK, since nobody seems to be eager to do anything at all, i will add small ad in my signature.

Its not much, but it is something.
952  Bitcoin / Bitcoin Discussion / Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ? on: April 20, 2012, 06:13:53 PM
What i mean is that perhaps something more could be done than we are doing now.
We could, for starters, inform all people that there are other exchanges through this forum.

Wouldn't it be in the interest of whole Bitcoin economy to place an ad somewhere on the forum saying "Centralization of currency exchanges is bad for the Bitcoin network. If you are only using MtGox, try using some other exchanges like XXXX, YYYY, ZZZZ" ?

----
And before someone starts accusing me, I am _NOT_ working for any of the other exchanges.
(Actually i planned to start an exchange myself, but the stupid law in my country killed the idea)
953  Bitcoin / Bitcoin Discussion / What to do when MTGOX gets shut down ? Are we ready for coincalypse ? on: April 20, 2012, 05:29:15 PM
It is quite obvious that in (maximum) few years some of world's Governments are going to start perceiving Bitcoin as a threat.

When they do, first thing they are going to try is closing the biggest players (like MtGox, which allegedly is reponsible for 80% of all BTC trade in the world) to force the currency into underground.
Taking megaupload takedown into consideration this scenario is IMHO not only probable, but inevitable.

I wonder, is the market decentralized enough currently to support transition from big players to smaller, local markets ? I mean, shouldn't we all support different (other than MtGox) services so when government shuts it down, devastating effects of the catastrophe will be smaller ?

Government will try to stop Bitcoin, that is only a matter of time. We kind of already know that is going to happen since the beginnings, so why so many people are still using MtGox ?
954  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [announce] Namecoin - a distributed naming system based on Bitcoin on: April 17, 2012, 09:25:57 AM
dot-bit.org is down

Works for me.
955  Economy / Service Announcements / Re: [ANN] Coinapult - send Bitcoin over email in seconds on: April 16, 2012, 07:34:19 PM
After much poking with SPF and DKIM, I realized it is much easier and more trustworthy to allow a third party to send out our emails. As such, I created an Amazon SES account, and am in the process of integrating it. Should be up later today, and resolve the spam filter issue once and for all.

SPF and DKIM are difficult?

Kind of, yes.
It took me 2 days to configure DKIM + SPF on one server (3 domains). Of course, I am not the best sysadmin, still learning.

Theoretically it is easy, but when it comes to practice, there are A LOT of ways in which it can go wrong, believe me.
956  Bitcoin / Bitcoin Discussion / Re: The Royal Canadian Mint just announced a new alternative to BitCoin on: April 15, 2012, 09:42:39 PM
I get that my arguments against it currently aren't very good. I just get a feeling (a "vibe") from this developer kit, that it's shiny and wonderful on the outside, but they spent much less time making it professional inside.

We have a saying in my country - "Krowa, która dużo muczy, mało mleka daje", which directly translates to "A cow which does a lot of noise, gives little milk". Wisdom of the ages. Still current, after all these years.
957  Bitcoin / Bitcoin Discussion / Re: The Royal Canadian Mint just announced a new alternative to BitCoin on: April 15, 2012, 09:36:26 PM
the development kit for the Royal Canadian Mint MintChip some pics and details
http://burnsmod.com/development/2012/04/14/MintChip-DevKit-Pictures-And-Information/

This does not look very professional to me.
And your highness would like what kind of changes to make the kit "professional"? It looks rather good to me.

Oh, I'm just trying to be pessimistic here. You are not helping out.

OK, it you want some arguments - it looks shiny and beautiful on the outside, but from the looks of it inside will be far far worse. Still, i might be wrong.
958  Bitcoin / Bitcoin Discussion / Re: The Royal Canadian Mint just announced a new alternative to BitCoin on: April 15, 2012, 09:34:18 PM
the development kit for the Royal Canadian Mint MintChip some pics and details
http://burnsmod.com/development/2012/04/14/MintChip-DevKit-Pictures-And-Information/

This doesn't look very professional to me.

959  Other / Politics & Society / Re: No, you can't have both parents working full-time and still "raise" children. on: April 13, 2012, 09:46:15 PM
The fact is in a reasonable economy, we should only need one parent working, period, man or woman. We were a first-world country at one point but now we are degrading to where we have whole families working to just sustain.

Wow.  This is amazing.  Atlas says something I fully agree with.
Same for me. What’s going on here? Shocked

Oh, it's just people bitching Atlas even though he is right this time.

The usual.
960  Economy / Service Announcements / Re: [ANN] Coinapult - send Bitcoin over email in seconds on: April 13, 2012, 04:20:56 PM
note :
on arrival it came into my gmail spam folder

Lately almost everything lands in gmail spam folder.
Their spam filters became crazy.

PS.
@Coinapult author
So what about PGP support ? Is it planned at least ?
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