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901  Economy / Economics / Re: Benefits of getting Bitcoin on the taxation radar. on: August 25, 2011, 08:35:31 AM
I completely agree with your analisys but I dont think we need to make an effort to get Bitcoin business taxed. They will get taxed even if they dont try to. What would be great is to have the government accept taxes in the currency being used in the trades and not only in dollars, but I dont think changing that is doable right now.
902  Economy / Speculation / Re: 6 month weighted price is $10.56 on: August 25, 2011, 08:14:13 AM
I believe "Just business." is the libertarian position. Smiley

Not really.

The libertarian position is defense and respect for individual rights. This includes the right to freely engage in business, but there are a lot of people that got into libertarianism for other reasons, for example civil libertarian issues.

Not all libertarians are great businessman not they have to be. We just know that allowing a free market to happen will benefit us by having better quality products and lower prices as opposed to socialdemocracy that always helps the oligarchies.

EDIT: Btw op great chart. Shows that Bitcoin is more stable than most people think.
903  Other / Politics & Society / Re: Steve Jobs resigns on: August 25, 2011, 07:51:01 AM
andriod owning the largest part of the mobile market share is only temporary, IMO.  since there are a lot of cheaper phones running android, they have scooped up the low-end and mid-range smartphone section of the market.  *if* the rumor is true that appl is going to be releasing a lower end iphone alongside the iphone 5, i would expect a large portion of andriods market share to dry up.  the other thing that killed apples market share this time around was an iphone launch plagued with issues and launching exclusively to at&t initially.

its still way too early to tell where the tablet market is going to go, but for now, the ipad dominates.

in any case, jobs is staying on as chairman, so he'll still be involved. personally, i dont think he's the all-knowing genius that the cult of mac portrays him to be, but if he his, he'll still be able to work his magic (albeit from a smaller role, i suppose). 

in any case, apple is an extremely healthy company with great financials and they are consistantly turning a profit...as an investor, thats all that matters to me.

Apple has made the same mistake they did against MS and they dont have any intention of chaging (and maybe its too late already for them to have any impact in the mobile world). Apple only allows its OS to operate in their hardware (Jobs himself said that Apple was a hardware company that just happens to make software for that hardware). So they are always one company against the rest. Its a battle they can not and will not win.

When the PC OS battle was starting Apple had the best OS, way better than MS, but Apple's OS only ran on Apple hardware, and MS offered a "cheap" solution to the rest of the hardware vendors, so they all adopted MS. So MS got most of the OS market share and the programs started being developed only for DOS and then Windows. That sent Apple to nowhere because they were all alone against the rest of the industry. They went almost bankrupt with MS, the company that had initially a worse product than them, buying a big part of their stocks.

Its the same story with Android. Android is Open Source and almost free to implement for the rest of the mobile hardware vendors. So its gaining traction (not only in the mid and low level sector). Also, I can tell you programmers are very pissed off with the Apple shop acceptance policy and they are deserting Apple and the development of Android apps is outgrowing the iOs.

Its sad that a great company like Apple is making the same mistakes again. They have already lost the mobile battle, its a matter of time only.
904  Bitcoin / Project Development / Re: Cheaper In Bitcoins [Target beta date: September 1st] on: August 25, 2011, 06:56:48 AM
Most of the images dont work.
905  Bitcoin / Bitcoin Discussion / Re: Transporting $12 billion in gold internationally estimated to cost $400 million on: August 25, 2011, 06:56:11 AM
Good catch.
906  Other / Politics & Society / Re: Steve Jobs resigns on: August 25, 2011, 05:16:37 AM
nah, we may see a little selloff, but the stock wont crash. apple still has the mobile, tablet and mp3 player markets cornered; they have a moat that will be hard to cross, they are highly profitable, and they have a SHITLOAD of reserve cash.

that still says "buy" to me.

besides, investors have known about his failing health and heave expected him to step down for sometime now.

Apple has already lost the mobile (and probably the tablet) battle to Android.
907  Other / Off-topic / Re: Robin Meade on: August 24, 2011, 08:03:17 PM
Any thoughts?

Find a hobby.
908  Local / Español (Spanish) / Re: Comisiones descaradas de bancos y Paypal. on: August 23, 2011, 08:48:20 PM
Esta semana recibi un par de golpes en la ingle cariñosamente desde Paypal y mi banco.

Paypal: generalmente debo enviar dolares paypal a otras personas. Para ello uso la modalidad "Pago Masivo" de modo de pagar solo 1 dolar de comision, independiente de la cantidad enviada. Como siempre fui a la pestaña de envio, y veo el siguiente mensaje "You are not allowed to send mass payments", buscando informacion en google encuentro que Paypal ha eliminado esta opcion de envio para Asia y el Pacifico. Finalmente la comision que tuve que pagar fue 3.5% que la repartimos entre la otra persona y yo.

Banco: Me hicieron una transferencia internacional por 3000 dolares. La comision del banco fue 20 dolares. Sin embargo el robo descarado no termino ahi. El tipo de cambio en chile es 1 dolar = 468 pesos chilenos. Sin embargo el banco arbitrariamente impuso como tipo de cambio 1 dolar = 455 pesos chilenos. El banco me robo 13 pesos chilenos por cada dolar, es decir, 39 mill pesos chilenos, o sea, 83 dolares. Finalmente el banco se quedo con 103 dolares de los 3000 enviados.

Mi veredicto es que se requiere BitCoin masificado lo antes posible.

Seguramente si envías bitcoins a una cuenta de TradeHill o MtGox, los transformas a dólares (0'6% de comisión) y de ahí se los envías a las cuentas de la gente a la que tienes que enviar (no se cual es la comisión) seguramente hasta te sale más barato.

Una vez has hecho esto unas cuantas veces, se lo explicas y les convences para que acepten bitcoins directamente. Si te ponen dudas diles que pueden gastarlos aquí: http://www.bitcoindeals.com/
909  Economy / Economics / Re: US should of stuck with the gold standard on: August 23, 2011, 07:20:39 PM
What you are not saying is that this situation was happening because the USA was printing more dollars than the gold it had. If you promise to pay gold for each dollar you print, and then start printing dollars... well, you are going to run out of gold. The printing to pay for the Vietnam war and getting Nixon re-elected was the final nail in the coffin.

I did say it, just not as explicit as you had stated it, granted my statement could be left open to other options but that was not the intent.
[/quote]

I stand corrected then.
910  Economy / Economics / Re: US should of stuck with the gold standard on: August 23, 2011, 07:02:25 PM
Was the US running out of gold because of overspending or mismanagement?

It was kind of how Raize put it.  The dollar was promised to pay at a certain ratio to gold, when nixon "shut the window" what was going on is that the dollar could be bought cheaper than the gold it promised to back so that is what countries and large entities started to do, buy cheaper dollars and then cash out for gold at the promised higher value... naturally this could not sustain itself and the U.S. lost much of it's gold reserve very quickly so Nixon said enough is enough and shut it off instead of re pegging the currency to the true value of Gold and that opened up the option to limitless inflation.

What you are not saying is that this situation was happening because the USA was printing more dollars than the gold it had. If you promise to pay gold for each dollar you print, and then start printing dollars... well, you are going to run out of gold. The printing to pay for the Vietnam war and getting Nixon re-elected was the final nail in the coffin.
911  Economy / Economics / Re: Gold: I smell a trap on: August 23, 2011, 07:00:17 PM
Even the gold haters are coming in: http://www.economicpolicyjournal.com/2011/08/anti-gold-roubini-recommends-physical.html Whether this is another sign of a trap or not Ill leave to you.

Quote
Gold-Hater Roubini Recommends Physical Gold

Wow baby! This is a flip. Anti-gold Nouriel Roubini tweets that you are better off holding physical gold over ETFs during a global financial crisis. He tweets:
Quote
In inflation tail risk virtual gold (ETF GLD) beats physical gold. But in global financial crisis 2.0 physical gold in safe vault beats GLD
This is what Roubini wrote in 2009:
Quote
Investors should thus be wary of getting the gold bug and being stuck with this barbarous relic. The recent swings in gold price—up 10 percent one month, down 10 percent the next—prove the point that gold has little intrinsic value and that most of its price movements are based on beliefs and bubbles. As an insurance policy against the tail risk of eventual inflation, it may be useful to hold a small amount of gold in one’s portfolio, but stocking up portfolios with a fiat currency that has marginal practical use, a zero nominal interest rate, high storage costs, and the price of which is subject to volatile whims and bubbles is totally irrational. If you want to hedge against inflation, stock up on Spam or other canned food or buy futures on commodities that have more physical uses and consumer demand.
912  Bitcoin / Bitcoin Discussion / Re: Techreview : Bitcoins are not a currency with horders on: August 23, 2011, 06:17:32 PM
The deflation argument again reshufled. I really think that these people get a lot of hits (and thus ad money) by trashing Bitcoin and that is why they do it.
913  Economy / Speculation / Re: Higher Commissions at Mt Gox = Lower Trading Volume on: August 23, 2011, 06:11:02 PM
The fees are for security, maintenance, research and development... the more money gox makes, the bigger the industry can grow.
We've already seen the security part,

LOL

Quote
we're still waiting for margin trading from the R&D team. And I think that the interests that are generated by the money being deposited can fund the maintenance part.

I'm not worried, the market will regulate it and make it much more efficient.

I agree. If there is space for lower prices it will happen.
914  Other / Politics & Society / Re: Children defy police in Washington, purchase lemonade at Capitol on: August 23, 2011, 01:54:25 PM
In my view the protest was a failure because we ended up debating about property and about the freaking grass. But yes they DESERVE respect for having the guts to protest and go through with being arrested. If in the end people realize about what the protest was about and forget about the capitol grass which i already stated has nothing to do with them being arrested and with the protest and start doing something about the issue then it won't be a failure anymore. I think they should go back to the drawing board because the capitol grass stole their protest .

It didnt. Its just the trolls of the forum trolling people. If you see the post of the girl arrested that I have posted above they were arrested for selling lemonade without a license and not for anything the trolls are saying.
915  Other / Politics & Society / Re: Guess who is within 1 point of Barack Obama in a matchup? on: August 23, 2011, 01:00:03 PM
Explain.  What he stated had nothing to do with the media.

You have showed yourself incapable of discussing economics. Everytime the discussion gets a bit deep you chicken out and disappear from the conversation.

Troll, go tell the people paying you that we want better quality trolls.
916  Bitcoin / Bitcoin Discussion / Re: First news article about Bitcon 2011 on: August 23, 2011, 11:06:45 AM
The article mentions Gavin postulating that in 5 years bitcoin could possibly be administered by Bank of America?
That really does not seem possible.

He did not said that. Read the comments, he is asked the same question and answers it.
917  Other / Politics & Society / Re: Children defy police in Washington, purchase lemonade at Capitol on: August 23, 2011, 10:51:50 AM
One of the girls arrested has a blog post expalining the experience. Btw, they were not charged with using someone else property, they were charged with selling lemonade and not obeying the police. According to the USA government the "Lemonade Libertarion" group is the new big thread (sadly its no joke).

http://megmclain.com/?p=48

If after reading this anyone is not convinced the USA has become a police state I dont know what will. They can do all that just because someone sold lemonade without license.
918  Bitcoin / Pools / Re: [~2400 GH/sec] BTC Guild - 0% Fees, LP, SSL, API, 8 Decimal Payouts and more! on: August 23, 2011, 08:11:47 AM
OK, that's just my 2c worth, but, well, the mining community is seriously full of superstition and I think a level minded comment is needed.

Judging by the reaction I say that the mining community is very mature.
919  Economy / Economics / Re: US should of stuck with the gold standard on: August 23, 2011, 08:06:51 AM
The US closed the gold window not because they ran out of gold, but because it was propping up Britain's crappy currency. So people were buying pounds and then converting to USD and then subsequently to Gold via a loophole in the British system. Instead of opening the window again, though, Nixon left it shut, and no other president reopened it, meaning the US was free to float its currency against gold. Since there was still this huge demand for USD, it slowly replaced the British pound as the world's reserve currency. Over time, politicians used the status of being the world's reserve currency to go deeper into debt. As long as the rest of the world needed USD to buy their oil, agriculture, and other products, it was still in need. But recently that has been changing, and the world doesn't need the dollar anymore. But the US is still spending as if the world does, and the latest agreement by politicians to cut back on spending isn't enough to remedy the situation.

I can't tell you much about what is going to happen in the future, but I can tell you this: If anyone says "Oh, the US always bounces back, just you wait and see..." then you need to ignore what that person has to say. The US is become less and less free economically, there are a myriad of local, state, and federal regulations that hamper small businesses from thriving, in fact, increasingly the larger corporations use regulatory capture and iron triangle politics to keep competition out of their respective industries. I could go on, but I think I've put enough information in this message you guys can wiki most of the stuff you don't already know. It's pretty easy to see what is happening right now if you take the time to learn it all.

There were issues with the pound but the USA was running out of gold. You just have to check the decreasing level of gold reserves through the 50's and 60's. And how at different times during that period the USA was unable to keep the dollar pegged to $40/oz, and the price shut up to almost $50. Then you have the deal with the rest of the world to stabilize the price of gold and latter on the fight with South Africa, until the USA gov could not find more tricks and was forced to default, breaking the gold conversion.

Btw, the relation between the USA central bank, the Fed, and the pound go way beyond the 70's. In the 20's they were already playing along.
920  Other / Politics & Society / Re: Guess who is within 1 point of Barack Obama in a matchup? on: August 23, 2011, 08:00:39 AM
Still I would never vote for the man, his policies would have us in a depression inside of a month

And this is the perfect example why the media is like it is: propaganda works.
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