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1801  Other / Politics & Society / Re: what do you think about the way college tuitions keep increasing out of control on: August 11, 2014, 02:09:46 AM
Because it appears that colleges and universities have taken economic theory and applied it. Colleges are businesses selling to student consumers. The colleges are often making a good profit, which of course is used to build buildings, to hire assistant deans and other administrators, while hiring fewer full time professors and more adjuncts. I can't help but wonder if the consumers are getting their monies worth, or simply a degree along with debt.

There's some interesting statistics about adjuncts out there (a lot are being forced to do it for life and to juggle 3-7 courses).  If you have a PhD nowadays, you are almost better off becoming a high school teacher in most countries as they get a guaranteed middle class income and a pension.  Versus the Adjunct who gets paid per course, has no union nor pension.
1802  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: August 11, 2014, 12:35:19 AM
Plus all the free Stellar they would be getting just for holding Ripple (Stellar has a lot of former Ripple who own hugeee amounts).
1803  Other / Off-topic / Re: Pictures from Russia. on: August 11, 2014, 12:23:00 AM
Not a photo but it matches the theme of the most recent photos.

https://www.youtube.com/watch?v=gUjP2r6bi_Q
Children show in Russia.  
1804  Other / Politics & Society / Re: what do you think about the way college tuitions keep increasing out of control on: August 11, 2014, 12:20:23 AM
if costs were putting ppl off going to uni i would say there was a problem but as things stand more ppl are getting degrees than there are graduate jobs for

A lot of people who go to university in western countries wouldn't be accepted in Switzerland, which caps out graduate student positions relative to the job openings in those fields.

Switzerland must be doing something right as it has one of the world's lowest unemployment rates due to an apprenticeship model which pairs students with available positions (although it's less democratic as you might get assigned a career you might not particularly like).
1805  Economy / Economics / Re: Fiat banking in Portugal worsens on: August 11, 2014, 12:16:10 AM
I think you exaggerate small.  Portugal has a $200+ billion GDP and yet it has a CPI comparable to most Western European countries (e.g., a soft drink will cost you $2-$3).

The price for Germany to bailout Portugal ($200 billion to $1 trillion) it could spend on a whole variety of things to improve quality of life for Germans or to even strengthen the Germany economy.   Imagine having to do this for every 'small economy' in Europe, the Germans simply just don't have the funds.

At this rate it might be cheaper for Germany to land a man on Mars than to bailout the EU.
1806  Alternate cryptocurrencies / Altcoin Discussion / Mastercoin on Coinmarket Cap only has a volume of $15 in the last 24 hours on: August 11, 2014, 12:06:52 AM
http://coinmarketcap.com/

How the mighty have fallen.  Mastercoin was the same people who were spamming social media and had a few rich people cough up six figures.  People who invested into Mastercoin would had made way more money buying Dogecoin.
1807  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Altcoin to invest in for 2015 and WHY on: August 10, 2014, 11:45:52 PM
Why would anyone buy NxT when they can load up a 365 day graph on coinmarketcap and see that NxT hasn't recovered to when it was $90-$110 million back in early 2014?  

The NxT whales are working overtime and need to convince suckers on the internet to buy into their get quick rich scheme (8 wallets took $50 million NxT at 1.5 BTC, no taint analysis to stop socks so you just made BCnext very wealthy).  

Meanwhile there are numerous alternatives to NxT now which are capitalizing on the 2.0 trend, so NxT's first mover advantage by releasing in 2013 is effectively over when we consider alternatives like Ethereum, Bitshares, Node, et cetera.



So you rather buy a coin that is currently at its peak?

One reason to buy NXT now is to profit from the way to low price.

Also everyone knows you are just FUDing everycoin exept NEM.

A NxT shill couldn't think of anything positive to write so he resorts immediately to an Ad hominem (a logical fallacy).  

NxT is a dead coin and anyone who bought in back in early 2014 has been a bagholder for 7 to 8 months now.  It's almost a circus now that the same NxT shills continuously bring up that scam coin when there are better alternatives to it (not just NEM but at least a half dozen coins have more viable futures than NxT.  Are you going to shill-troll about NODE, Bitshares, Ethereum and Stellar?).  Makes me wonder if the 3-4 shills who continuously spam about NxT everywhere must be NxT whales as they're the only ones who would have incentive to continuously spam about NxT.


It's a scam when NxT people go onto these threads, taking advantage of people's ignorance, by telling them to put money into NxT when NxT has only gone down since its' peak of $90 - $110 million back in early 2014.  

NxT is "cheap" at $37 million?  Written just like a bagholder.  If NxT is a "good buy" then so is Maza Coin and Aurora, THEY COULD GO BACK UP AT ANY MOMENT PEOPLE!  BUY MAZA NOW!  *sarcasm*


1808  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins - Which are the best? on: August 10, 2014, 11:42:09 PM
Yes I agree - buy NxT and become a bagholder.  Each NxT whale got 50 million NxT for 1.5 BTC.  NxT capitalization used to be $90 - $110 million in early 2014 and they need new suckers to keep the ponzi scheme err I mean coin alive.   Invest into that dying coin today.
1809  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Altcoin to invest in for 2015 on: August 10, 2014, 11:37:48 PM
NXT baby. You gotta love NXT

I'm starting to wonder if investing in NXT was such a clever idea, yes they have a great commuintee but I dont see how they are going to recover the price lost in the last few months and then hit an upward trend.

I'm still holding at the moment but am starting to worry a little

There several coins with bigger communities than NxT (with less 'tards and trolls).  

As well most of the NxT developers don't have any proprietary loyalty to NxT.  WesleyH is a NxT developer is a stakeholder in multiple different coins and his wallet designs have found their way into numerous coins.   A lot of the NxT developers, if the NxT boat were to sink, would simply move onto other Java based coins and bring their content with them.

In a nutshell there's nothing proprietary and therefore nothing to invest into NxT, beyond its' first mover advantage and a sinking capitalization.  NxT's asset exchange and digital good store is probably being copied as we speak by many other coins.  No patents no proprietary no money.

1810  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Altcoin to invest in for 2015 and WHY on: August 10, 2014, 11:32:13 PM
Why would anyone buy NxT when they can load up a 365 day graph on coinmarketcap and see that NxT hasn't recovered to when it was $90-$110 million back in early 2014?  

The NxT whales are working overtime and need to convince suckers on the internet to buy into their get quick rich scheme (8 wallets took $50 million NxT at 1.5 BTC, no taint analysis to stop socks so you just made BCnext very wealthy).  

Meanwhile there are numerous alternatives to NxT now which are capitalizing on the 2.0 trend, so NxT's first mover advantage by releasing in 2013 is effectively over when we consider alternatives like Ethereum, Bitshares, Node, et cetera.

1811  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Alt coin to invest in 2014 on: August 10, 2014, 11:09:17 PM
I've been sitting on Redd for ages.  It's technically a 1.0 coin which is trying to build a presence on Reddit.  As for its' recent rebound I think that was due to the stale alternate environment and people looking to pump something.  Redd as we speak lost $1 million in capitalization, presumably because the people who were pumping it have now moved onto Stellar.

The problem with this thread that most of the coins mentioned are scams or pumps.  There's only a few genuine coins with any long term prospect attached to them.
1812  Alternate cryptocurrencies / Altcoin Discussion / Newest Pump of the month: Suckerberg Coins on: August 10, 2014, 11:02:15 PM
Suckerberg Coins, copywrighting coins which spam social media, are the current fad of the month / pump of the month.  Previously it was anonymity coins, then Mint / Vert and before then country coins.

  Get in the Stellar and Ethereum pump before it ends!   Don't be left holding the bag like the earlier Suckerberg Coins like Mastercoin and Maidsafe!


1813  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: August 10, 2014, 10:58:39 PM
There's been several pump of the month (fad of the month) since Aurora coin and all these coins had $200K - $500K volume for a time and then faded away into obscurity.  The last fad of the month was anonymity as per Dark coin.  

The current fad seems to be Suckerberg coins like Ethereum and Stellar which spam social media sites.  All the people authenticating their Facebooks are users who already use cryptos, blackhat hackers with thousands of verified Facebook accounts and/or people in India doing it to get a free $5.  Basement dwellers in a nutshell.


People are only buying Stellar for speculative purposes (greater fool theory).  It'll eventually die a slow death when the gains are all tapped out and people realize that Stellar-Stripe is in it for money and that they sit on a 99.6% premine and control 93% of all tradeable Stellar.

1814  Bitcoin / Bitcoin Discussion / Re: Custom Porn and Bitcoin Story on: August 10, 2014, 09:42:04 PM
The big companies like Paypal avoid adult businesses due to the legal liabilities and the fact that many of them go bankrupt all the time.  That means the void has to be filled by smaller companies (which process less volume) which have several employees to pay, hence the enormous fees.

Bitcoin can be the solution to this but Bitcoin still doesn't have a large enough userbase.  Conservative estimates are maybe only 1 million people use Bitcoin when in 10 or 20 years from now it could be a billion with a B.
1815  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: August 10, 2014, 09:18:32 PM



Isn't stellar basically Ripple 2.0 and the same guys are getting rich off of it?  Massive premines and insider gifting and everyone is eating it up.  Even the rich have become crypto scammers now.  Sad!

Only person who ever has gone to jail has been Charlie Shrem and that was the DEA.  No one goes to prison over scamming or insider trading in cryptos, or even for running an illegal securities.  Pump and dump is also considered a fraud in the stock market and yet it happens all the time in cryptos.
1816  Economy / Economics / Re: Solution to poverty - Socialism or Capitalism? on: August 09, 2014, 02:28:55 PM
This is especially true with the inflation we are seeing and many of those government employees who will be receiving indexed pensions matching inflation.

Stagflation means the government's taxation revenue is declining every year while its' liabilities, such as those indexed pensions, continues to go up, and the governments make up the shortfall through more debt and the interest is paid out to the 1% who owns it.
1817  Other / Off-topic / Re: IF YOU HAD 1,000,000 DOLLARS WHAT WOULD YOU BUY??? on: August 09, 2014, 02:13:31 PM
Sadly, $1M isn't really enough to retire on these days

It depends on your lifestyle and how old you are.  As i mentioned in my post I'm 28 and would have to do very little for the rest of my life if I had 1M.

Never heard of inflation?  A Coca Cola back in the 1940s was 5 cents at a restaurant, today it's $1 to $2.  If that inflation were to repeat again then your $1 million would only have the purchasing power of $25,000.   We'll probably both live long enough to see a $50 Sub at Subway.  

Considering all the minimum wage advocates out there, the Federal Reserve and Fractional Reserve Banking - inflation in our generation might even be worse than what the greatest generation ever went through.  Seattle just introduced their $15 minimum wage and I am curious to see how much a Big Mac goes for at McDonalds in Seattle as consequence of that.  
1818  Economy / Economics / Re: Dollar is truly bottoming on: August 09, 2014, 01:56:09 PM
I'm hearing mainstream media mentioning inflation and losing $Fiat value more and more.  It's frightening to an extent, especially when the MSM admits it.
1819  Economy / Economics / Re: Solution to poverty - Socialism or Capitalism? on: August 09, 2014, 01:52:00 PM
Did you read the article about revolutionary Catalonia?  Economically it was a failure and here's the paragraphs detailing what went wrong

Quote
Another problem faced by the CNT was that while many collectivized firms were bankrupt, they refused to use the banks because the financial institutions were under the control of the socialist UGT.

After the initial disruption, the unions soon began an overall reorganization of all trades, closing down hundreds of smaller plants and focusing on those few better equipped ones, improving working conditions. In the region of Catalonia, more than seventy foundries were closed down, and production concentrated around twenty four larger foundries.[24] The CNT argued that the smaller plants were less efficient and secure. In Barcelona, 905 smaller beauty shops and barbershops were closed down, their equipment and workers being focused on 212 larger shops.

I don't think there were any GDP figures for revolutionary Catalonia but from the description it sounds like their economy must had contracted by a great deal.

How was it that all those shops were profitable and operating before the civil war era but as soon as the anarchists took over and collectivized everything that most of them closed down?  Maybe 'working conditions improved' but I figure it was an overall net loss, especially if you were the one of the unemployed tradesmen or barbers who was previously working at one of the smaller shops.

revolutionary Catalonia was frankly one of the few examples of anarcho-syndicalism and it's not enough to make a definite conclusion.  Much like maybe one of the few examples of a Libertarian society was the old west in the 1870s and it was too long ago and born out of unique circumstances that it may not be relevant to a developed country in the present times.



1820  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - One Click Install Is Live[Updates & Discussion] on: August 09, 2014, 01:26:33 PM
There was a panic dump when Patmast3r said that the official launch would be in November (later clarified that launch =/= official launch but alas it was too late). 

I don't necessarily see it being a bad thing as the more weak hands which are eliminated the more presumed stability when NEM is released and that is a good thing.  We may disagree with bad distribution but some of those poorly distributed coins can be stable or appreciating especially when held by whale(s) who never sell.  For any coin, getting rid of the weak hands and promoting holding should be a priority especially in an early stage as many newcomers don't want to buy into a coin losing value.  Everyone wants to be a winner in cryptos even though that might contradict reality.

We saw what happened in the first weeks of the asset exchange, a lot of weak hands were eager to let go of a stake worth $1000+ when they had bought it initially for $2 - $50.  If there was no asset exchange, these people would had dumped at launch and then NEM would have immediate PR concerns in trying to persuade people to buy a coin that people are dumping (which is an uphill battle, by the way).  It's better to get rid of the weak hands now than at some hypothetical post-launch period.
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