If the op is right, I must have created bitcoin!!11  Guys, weve found Satoshi. Hes confesed. |
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This comic could not have a better timing:  On a more serious note, how do you explain that TradeHill has been trading for days after the MtGox hack, and both volume and price are rising. |
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no way, deep sea mining is where its at!!
Perfect refrigeration, maximum overclock. Water in the power supply could be a problem. Never let reality spoil a good joke. |
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1) Account workers alphabetized. Why? I and Im sure a lot others had the workers in order and now they are in disorder. I know you are just trying to improve the site, but maybe making it optional would be better? |
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no way, deep sea mining is where its at!!
Perfect refrigeration, maximum overclock. |
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Wrong supply is never reduced... it is always the same amount of coins per hour, doesn't matter if you have 1 miner@ 1 MH/s or 20,0000 miners@ 200 GH/s it will always produce the same amount of bits coins on per hour(on advarage over the difficulty period), But it does change because difficulty changes every half month (+-4 days...), so if suddenly a lot of people is mining like is happening now there will be temporarely an increase of production and probably and increase of supply (assuming the same ratio of miners that sell). When the difficulty adjusts and miners stop investing in more hardware then the supply stabilizes (reduces from the frenzy). There is a temporary increase of supply if a lot of people starts mining. |
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I was thinking, I love bitcoin - its a great way to do business. But a problem I see with it is the fact that its so easy to get robbed. I mean, you buy some goods with bitcoin over the net, send the BC and nothing arrives... waddya do? At least with cash you have a chance to bash the guy or see the goods and with paypal you get chargeback and reputation.
https://clearcoin.appspot.com/ |
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Why would a government impose as legal tender a currency that it can not print and therefore can not profit from it?
There are countries that directly use USD or EUR for example as legal tender without pegging or any formal agreement with the issuing governments. They lose out on seignorage profits but they also avoid the hassle of administering a currency. Yes, sometime the government is unable to impose a currency for a while because it does not have enough control or the population is very wary against the idea. But its not because they dont want to. Usually this happens only after a catastrophic collapse involve great bloodshed. But it does happen from time to time.  |
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1379223.4296725yeeehah!  Higher is better.... Right?? It doesnt matter how high it is. The higher the difficulty, the higher the price. The lower the difficulty, the lower the price. Fjordbit: " If the rate of difficulty change goes above this amount (36.2%) and all other things stay equal, then it will stop making sense to purchase systems and instead it makes more sense to buy bitcoins. This will drive up the price of bitcoins, lowering the btc per MH/s cost for a mining rig. It is possible the difficulty could fall if people come offline, but this is doubtful as it will still make sense to run an existing system. If the rate of difficulty change goes below this point and all other things stay equal, then it will stop making sense to buy bitcoins and instead it makes more sense to buy a system. With more people coming online, this will push up the difficulty level. If the exchange rate of usd to btc goes up and all other things stay equal, then the btc cost of MH/s goes down, and it makes more sense to mine than buy. With more people coming online, this will push up the difficulty level. If the exchange rate of usd to btc goes down and all other things stay equal, then the btc cost of MH/s goes down, and it makes more sense to buy than mine. This will slow the difficulty rate. If the dollar cost of a mining rig goes down, it makes more sense to mine than buy. This could have the effect of lowering the btc exchange rate or increasing difficulty or both. " http://forum.bitcoin.org/index.php?topic=20219.0This is not exactly true. Mining is the supply of bitcoins, but you are leaving aside the demand. If for some reason people stopped demanding bitcoins, difficulty could go up and price down for a while. Obviously this would discourabe miners and its expected that some stopped mining, thus bringing the difficulty down. But its silly and dangerous to believe that because difficultry go up price will go up. If difficulty goes up, suppy will be reduced. The price will depend on how demand reacts. |
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Well, we are making progress. Trolls dont think Bitcoin is going to collapse, now the problem is that they will stay stable.
When it was volatile they were bad because they were volatile, and now that they are stable for some days, they are bad because they are stable... Some people are never happy.
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I love how they call them polymer money and not plastic money. Central banks are masters of PR.
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Of the secret societies, clearly the illuminati are behind bitcoin. They knew they had somethingthe day they invented Satoshi back in 2009.  Bitcoinilluminatibilderbergersskull and bones You know this is going to be quoted and your post linked as proof, right? |
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After dacoinminster I am ashamed of only proposing one idea, but here it goes:
A graph of bitcoin-usd exchange price, and with an arrow pointing at different positions over time, texts saying "Bitcoin will collapse soon", "Today is the last day of Bitcoin", "Bitcoin collapses and will never recover", etc... all while we see the price of the exchange oscilate but with a upward bitcoin trend.
I am scooping up hugolp's shame, I hope you dont' mind z1x, I actually dedicate it to you because you have made me enjoy webcomics again lol http://yfrog.com/z/kh3zngjI seen his little idea and it was visually in my head since I read it. Oh damn, love the new z1x with dacoinminster's writing btw, nice. Hehehe, nice, very nice. |
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Well... we've learned over the last 100 years or so that when u dont have this third party.. THE SHIT ALWAYS GETS STOLEN.
We've learned over the last 100 years or so that even if there is a third party.. THE SHIT STILL GETS STOLEN. Enron, Maddoff, UBS are just a few examples. This is true, and this shit can happen anywhere. But those three cases happened in a regulated market, not in a free market. Because of regulations those people could leverage to some levels that the free market would have not allowed. |
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At one time, governments offered gold-backed money as legal tender so that they had to actually do some work in order to get it.
But these days the whole point of "legal tender" is for governments to steal your property and give you worthless paper in return.
Governments have always offered gold-backed money as a way to get the population used to a money monpolly. And they never wait to long to start abusing it. |
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Bitcoin seems to be the first currency in history that offers both privacy and portability across police state borders. When people realize its true potential they covet it. (Notice the bloke above who is divesting gold and silver to own bitcoin.) This appears to be a real phenomenon. And it's just getting started.
Unfortunately, bitcoin will probably suffer the same fate as gold, silver, (and goldmoney), and that is that the commodity itself is so precious that it is hoarded instead of traded. Why get rid of bitcoins (or gold, silver) when one can part with funny colored paper whose value is yanked around by crooks? (real money crowds out bad) Real money crowds out bad (Gresham law) ONLY IF there is a fixed exchange rate between the two. If they are feely allowed to float Gresham law does not apply. This is why you can still buy gold. Gold and silver did not stopped being used as money because people hoarded them and disappeared from day to day use. Governments regulated to impose their currency, removing any competition. |
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Yes, after all of the threads that we both have participated in- you really think I am that clueless.
So, you popped in with the helpful (if condescending) advice that the criteria should not be experience, or area of practice (manufacturing in the case)- but their specific degree?
So I should not ask for a LAMP admin but for a "Computer Scientist"? I just looked up the term "manufacturing engeneering" and I understand now. We dont use a similar word for that in my language, so I did not understand. Ah yes, BitCoin.org forums, we don't know how to make money with it, and if you try to discuss real world business applications we'll shout you down with irrelevant garbage. Friendly advice: Drop the attitude. |
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Really? I didn't know that. I really can not tell if you are being ironic or not. Anyways, it would be a good idea to list the required areas of expertise. A mechanical engineer has a very different set of skill than an electronic engineer. But they all wear stripped overalls and drive a train right? Yes, this is absolutely true. And thanks for not mention the compulsive masturbatory disorders. |
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So basically these ethogens are a way to get high but camuflaged as relitious use?
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Why would a government impose as legal tender a currency that it can not print and therefore can not profit from it?
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