debt/GDP is now 100%.
read Reinhart and Rogoff as to what this means.
I have not read the Reinhart and Rogoff book. I have been told that apart from presenting the data in an excellent way they do not really present any new or original economic idea, and are very tame as to why the crisis happens. Can you make a short explanation of why the crisis happened according to their thesis? Im specially interesting in knowing why they think the financial system behaved like they did. PS: Ludites, that is the ideas that technology is going to "eat us" or/and cocentrate power have been always wrong. The record is out there for anyone to check. Bitcoin is the best example on how technology increases people's choices. |
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It's actually a way as Michael Hudson so brilliantly put in a recent interview on "Guns and Butter" to devalue the dollar as to lower the price of labor in this country. Really brilliant interview.
Its weird that you say this becuase this is standard progressive policy. |
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Enjoy your 'free market'. Nice strawman. Enjoy the progresive Federal Reserve. The progressive and conservative policies have taken us down this path, and you still have the audacity of blaming it on non-existing free markets? Do you have any kind of honesty limits or morals? |
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Creo que depende de el precio de la electricidad, minear con Nvidia no es rentable, es decir te costará más la electricidad que los bitcoins que generes. Para minear quieres alguna ATI de las series 58XX, 59XX 68XX y 69XX. En la wiki inglesa encontrarás una tabla comparando las diferentes tarjetas.
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I just tried 11.7 on my Ubuntu 11.04 and can confirm that my CPU usage is now 100% and GPU utilization has dropped to 83% from the usual 94%. Going to have to revert back to 11.5. I hope they fix the drivers soon, I really need to under clock these cards.
11.6 works fine here and gives you more freedom to under/overclock. |
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I bought a few homes earlier this year. I am pretty sure that I could get a better deal near the end of 2012, but I didn't want to sit on USD until then. I was quite uncomfortable earlier this year when gold and silver were on a tear so I jumped (and missed out on the BTC spike due in part to being busy with that stuff. I would almost certainly be sitting on whatever I had accumulated at that time but I would have gotten in cheaper and probably would have gone mining.)
good luck with those homes. hopefully for you we don't go into the 2nd wave of deflation. everyone assumes the Bernank will inflate away their debt. i'm betting against that. I bet you a couple of bitcoins that Bernanke will keeps monetizing government debt (whether it calls it QE3 or gives it another name is irrelevant). Deal? |
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I pity the woman who ends up with any of the misogynistic assholes in this thread.
*sigh* really? you cant be serious. after 10+ years of happy marriage, i highly doubt my wife agrees with you. yes, i have a contingency plan (id imagine she does as well) its not misogyny to have a contingency plan, its smart; you cant feed yourself or your children off of hope and dreams. keep doing the white knight thing though...seems to be working out for you so far  A contingency plan is good for the marriage as well. It gives you peace of mind about your options allowing you to behave more calmly in the marriage and without preasures and shows that if you stay in the marriage is because you want to and are fully commited, not because you need to. I would be suspicious of any partner in a marriage that does not have any options. |
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If anyone knows what I can do to modify the Phatk kernel so I do not get the idles on BTC Guild please let me know. Im using the modified phatk kernel, the last version adequate for poclbm, connected to uswest. Have no idles, last glitch was 15 hours ago and previously I went without any glitch for more 2-3 days. Eleuthria: Have you changed the level of difficulty of the work you send to the miners? The miners speed (Mh/s) is fine and always around the real speed, but I am seeing more and more the last share over one minute, when previously it did almost never happened. |
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Qué opinas de esta versión: "En otras palabras, la espiral deflacionaria no es una espiral, sino un fenómeno autolimitado que deriva de repara los efectos de la intervención estatal."
Sí, el problema que yo veo es que sí es posible que haya una cierta espiral deflacionaria, pero solo cuando la deflación viene de la contracción del crédito (usualmente después de una burbuja) y es provocado por las restricciones que las regulaciones del gobierno imponen sobre la moneda y el sistema bancario. Es decir, la espiral deflacionaria puede suceder siempre que el gobierno se empeñe en que suceda, el mercado de por sí no la crea. Estoy de acuerdo, que siempre se usa como "coco" para justificar cualquier tipo de inflación, pero aún así no deberíamos faltar a la verdad. Si explicamos las cosas adecuadamente no debería haber ningún problema. Para explicarlo, muchos austríacos para explicarlo hablan de deflación buena y deflación mala. Es decir, cuando la deflación vivine dada por un incremento de la productividad no existe posibilidad de espiral deflacionaria y además es una deflación positiva. Cuando la deflación viene dada por la contracción del crédito después de una burbuja entonces dependiendo de las políticas del gobierno, sí que es posible que se sufra una espiral deflacionaria. Y aún en este caso, hay que remarcar que una cierta deflación es positiva y ayuda a eliminar las malas inversiones. |
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cypherdoc I know what you mean, but the USA and half of the world is already in a depression. We never got out. GDP is a horrible measure for growth. GDP only measures economic activity, not growth. It does not say anything about the productivity or sustainability of said economic activity. Also, the GDP we all use is a government statistic, so it should be taken with caution.
i know hugolp. you're perfectly right. but the whole world does look at GDP despite its inherent drawbacks. what was printed today is psychologically devastating and will have an effect. its the rate of change that matters... not to mention all the revisions to the downside. Im sure it will have some effect, but I am also convinced that the whole financial world knows that the GDP is a sham so Im not convinced it will have a devastated effect. They already know. I see all this more as a way to justify QE3 (or however they call it this time). They need to start soon, so they can create a mini-bubble for the elections of 2012 so Obama can have some numbers to point to. |
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¿Y la espiral deflacionaria?… es un mito – como el unicornio, o más precisamente: como el cuco. Lo que algunos economistas llaman “espiral deflacionaria” (la caída inesperada y sistémica de precios) en realidad tiene lugar durante la necesaria etapa de reubicación de los recursos que suele atravesar una economía (si el Estado no interfiere) tras un colapso financiero. ¿Y el colapso financiero?… es el fruto amargo de la mala inversión generalizada, inducida por años de inflación crediticia. En otras palabras, la espiral deflacionaria no es una espiral, sino un fenómeno autolimitado que deriva de la intervención estatal. (Ver teoría austríaca del ciclo económico). Estoy totalmente de acuerdo con lo que has dicho. Solo un detalle. La espiral deflacionaria no es exactamente un mito, lo que pasa es que tampoco es como la ponen los keynesianos. Por ejemplo Hayek hablaba de deflación primaria y deflación secundaria, siendo la deflación primaria buena y necesaria para eliminar las malas inversiones, pero la deflación secundaria siendo excesiva debido a la contracción del crédito y llevandose por delante a negocios que sí son viables. En mi opinión esta deflación secundaria ocurre porque se bloquea el sistema bancaria debido a que está quebrado. No puede salir un sistema bancario alternativo, porque vivimos en un monopolio de la moneda y el sistema bancaria es un oligopolio a su alrededor. Si hubiera libertad de moneda saldría "rapidamente" nuevas monedas y sistemas financieros sanos a su alrededor que nos ayudarían a salir rapidamente de la recesión. |
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cypherdoc I know what you mean, but the USA and half of the world is already in a depression. We never got out. GDP is a horrible measure for growth. GDP only measures economic activity, not growth. It does not say anything about the productivity or sustainability of said economic activity. Also, the GDP we all use is a government statistic, so it should be taken with caution.
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Si creo. Y acepto Bitcoins en mi tienda.  Cual es tú tienda? Aprovecha a hacerte un poco de publicidad anda. |
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One of the reasons Bitcoin exists is because people want to avoid chargebacks.
That's an oversimplifcation. Bitcoin exists so that there's a decentralized digital currency that, at the base level, does not allow chargebacks, just as physical cash does not. However, Bitcoin is certainly not intended to prevent people who want such a feature from layering a chargeback-allowing protocol on top of the basic Bitcoin protocol, for users who really want such a feature. This is the role played by Bitcoin escrow services, and whatever other services people are coming up with. Similarly, physical cash does not itself allow chargebacks, but it allows people to layer systems on top of this that allow chargebacks. Bitcoin is supposed to take the role of cash, not prevent analogous mechanisms from interfacing with it to reduce the reliance on trust between the transacting parties. Still, to the extent that you want to modify the Bitcoin protocol *itself* to allow chargebacks, you can GTFO and take your phail with you. I think the Bitcoin protocol already allows for a chargeback system. But its optional and selected by the payer. If you want more info youll have to ask one of the developers. |
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[Mod:] Ok, aurumxchange and BitcoinExpress have stated their opinions without prove. Their post wont be deleted neither them banned. But please, dont post anymore without prove. You have already said what you think and it will remain in the post for anyone to see. Now its time to show prove or just stop.
Also, if the Praxum reps want to open a new thread only dedicated to answer doubts about how your business work you should do so.
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Dwolla doesn't have to work it out with TradeHill, it's the other way around. The fact that Jered is desperate enough to do business with Chris Mallick says it all. Just do some research, Chris Mallick, ePassport and Paxum are all the same people.
Dwolla can simply wait them out, TradeHIll is going to relent when they realize there is no other feasible alternative.
If TradeHill wants to remain a real power player in the Bitcoin world, the sooner the better. Associating yourself with Mallick aka ePassport aka Paxum is foolish. Can you please bring prove that Paxum is Mallick, because until now you have not prove anything. Pleople here will thank you the information. |
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The owner of Paxum is Octav Moise, you can look it up if you'd like to. Chris Mallick has absolutely nothing to do with Paxum. Wasn't Octav Moise the guy behind the 'Vimax' (penis enlargement patch) affiliate program that littered the Internet with web pages using the words "Vimax" and "scam" prominently so that people searching for "is vimax a scam" would find hundreds of pages that said it wasn't? (Spoiler: It was. The only ingredients in Vimax that will make any part of our body larger are starch and sugar.) This keeps getting better and better... |
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Ok. So here is what I have gather from reading that link: Malick is a known scammer (epassport fiasco). Now, you claim that Paxum is run by the same Malick. I have read 10 out of the 15 pages of the thread, please point me to a link if there is anything interesting after that because all Ive seen is speculation. What I have gather from the thread: User nanaimogold says that he expects it to be owned by Malick, the scammer: Paxum is not an e-currency, it is a payment processor designed to replace epassporte. Their banking is in Belize. Only their support office is in Quebec. They are aggressively going after the *ahem* "adult" business. I expect this is owned by Chris Mallick. http://chris-mallick.org/He ripped me off in '03 - the old "change the rules after I get your money" game. : The reason for putting a call centre in Quebec is due to the different laws regarding lying to people over the phone. Under English common law, this is criminal. Under the French civil tradition, it's not.
That's why almost all phone scams operate from Quebec. It's almost never the Québécois running these scams, US Americans and Nigerians are almost always to blame.
Beware area code 514 But then he backs down: Hey guys, I said I think it's the same people. At least one of their support people is the same. The epassporte guys lied and a lot of people were hurt when they did not get paid. Mallick made that movie and now Paxum starts up and domn, it sure looks like epassporte
WM is an e-currency. It's a private issue. Paxum is a payment processor. They carry national currencies. there is a huge difference. Now a Paxum rep appears and denies any relation with Malick:Hi there! I wanted to pop in here and clear up a few things that seem to be being said about Paxum in this thread that are misleading... Paxum is a Canadian Incorporated Company. We are located and based out of Quebec, Canada. We are registered with FINTRAC as a Money Services Business (link - http://www10.fintrac-canafe.gc.ca/ms...19556-eng.html) Paxum is an EWALLET PAYMENT SERVICE Paxum has absolutely NOTHING to do with Chris Mallick or Epassporte in ANY WAY SHAPE OR FORM.We are not an e-currency. We are not a payment processor, we are an EWALLET PAYMENT SERVICE. With Paxum there are two parts to your account; the Paxum ewallet and the Paxum Mastercard. Everyone gets an ewallet when they sign up, and everyone can request the Paxum Mastercard as soon as their account is verified (whether you have funds in your account or not) and it will be shipped out absolutely free. Verification takes 24 hours usually and requires a photo ID and a proof of address. Signup is free, there are no monthly fees. We offer Peer 2 Peer (P2P) as well as Business to Peer (B2P), B2B and P2B payments through our service. Clients have a number of funding and withdrawal options for their Paxum account; wire, check, ACH (in US), withdraw to an already existing credit/debit card, and of course withdraw to the Paxum Mastercard (one of our most popular options). At the moment the Paxum ewallet and Mastercard are both available only in USD. When clients use the Paxum Mastercard to make withdrawals there is NO ADDITIONAL PERCENTAGE ADDED to the Forex Fee. Many of our International clients truly appreciate this feature since it saves them a considerable amount of money. With regards to the banks we use; we use the Bank of Montreal (BMO) in Canada, and we use the Choice Bank of Belize as issuer of our International Mastercards. I'd be more than happy to answer any specific questions anyone has about Paxum so that you can have a clear understanding of our company and what we can offer you as a customer. We also provide a full list of fees and limits on our site - www.paxum.comContact me directly: ICQ #233-854-608 Email ruth@paxum.comAIM/YM/SKYPE - PaxumRuth I'm here to help PS - nanaimogold - we do not have any staff members on our team who used to work for Epassporte. : hey nanaimogold,
The owner of Paxum is Octav Moise, you can look it up if you'd like to. Chris Mallick has absolutely nothing to do with Paxum.
With regards to Michael Olsen; he worked for Paxum for a couple of weeks and then chose to take a position with a different company that was about to launch their own version of an ewallet payment service. That company is called Redpass.
Since Michael has not been with the company for more than 3 months, and his tenure with Paxum was so brief, it did not seem relevant to go into details. However, since you claim I was not being entirely forthwith I've just provided as much detail as there is in relation to any previous Epassporte employee working for Paxum. Michael's employment with Paxum was very short.
With regards to PhD and your suggestion that we crossed his palm with silver; I feel the need to point out that Paxum doesn't even have a referral program. We do not believe in those kind of tactics and have always preferred to enjoy word of mouth customers. We have not paid PhD anything to say anything that he is saying.
Heck, I don't even have the ability to send PM's yet!
I'm sorry you don't feel that you can trust Paxum enough to become one of our customers. It is up to every individual to make their own financial decisions and I respect yours. However, if you ever have any questions or if you change your mind and want to give us a try, I'd be happy to help you get set up with an account.
Enjoy the rest of your weekend! I hope the weather in Nanaimo is better nowadays than it was when I lived there!
Ruth This is all that is relevant on the first 10 pages. Nanaimogold does not provide any more prove and in fact does not acuse Paxum of bein owned by the scammer any more. I have no relation with any of the companies involved here. That said, its a bit random that just after the MtGox/AurumXchange deal ( http://forum.bitcoin.org/index.php?topic=30982.0), AurumXchange comes here to bad mouth the new Trade Hill partner. Hopefully you are doing with the best of intentions. All I want to say is that if you are doing this to help the Bitcoin economy avoid another fiasco, thank you. But if this turns out to be one or various companies using bad tactics and spreading FUD and FEAR to damage competitors at the expense of the reputation of the Bitcoin economy, I promise you that I will use the little reputation I might have gather in this forums to spread the word so people dont use your services.EDIT: There has been some serious "pr work" in the forums lately by interested parties, trying to appear as normal users. All this has to stop. |
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If by voted you mean that the community would choose which client to use, then thats how you "vote".
In other words ... democracy, a system which, as you just mentioned, is rather flawed, especially when the non-techie crowd moves in, one that can rather easily be manipulated. BTW, I am not clamoring doom for bitcoin. I am just trying to point out that however well designed and solid the system is from a technical pov, I am not yet convinced of its robustness from a social engineering pov. But here is the catch: the incentives are resversed in respect to a (government) democracy. If you are a user of bitcoins and have some amount of bitcoins and spect to earn more bitcoins in the future, and you are faced with the option of choosing between two clients: one that devaluates your money over time and the other that does not, which one would you choose? Also, it would not be a disaster that the bitcoin chain even forks in two (or more) option. Let the community that offerst the best money win. Ah !
Now there's an interesting answer: the bigger the pools the more
sway they'll have on bitcoin's future.
And this is the main reason anarchism unfortunately fails: there is
no mechanism/feedback loop to prevent the accumulation and concentration
of power and influence. First, the pools hold as much power as their users want. If a pool does something that the miners participating in that pool dont like, they will leave and the pool will loose importance. More in general, anarchy has a mechanism to avoid concentration: not having a government, that is what allows a few to gain excesive power over the rest. |
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