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21  Bitcoin / Mining / Re: FPGA Miner Design for Sale to Someone willing to Market It on: September 20, 2011, 03:26:49 PM
OK. OK. I hear you all loud and clear. Nothing will please this skeptical crowd except for an endorsement from a respected member of the community a working device for sale at the quoted price.

AH... now it looks better...
22  Other / Beginners & Help / Re: Is American Debt default really possible?? on: September 20, 2011, 03:24:18 PM
The US can never default. FRN's are not money. They are a promise to pay money. No one ever even attempts to collect so how can there ever be a default until people redeem their FRN's for lawful money?

U.S. v. Thomas 319 F.3d 640

Quote
Paper currency, in the form of the Federal Reserve Note, is defined as an "obligation[] of the United States" that may be "redeemed in lawful money on demand." 12 U.S.C. 411 (2002). These bills are not "money" per se but promissory notes supported by the monetary reserves of the United States.
23  Bitcoin / Mining / Re: FPGA Miner Design for Sale to Someone willing to Market It on: September 19, 2011, 02:53:46 AM


And that would be the end of this thread.

Thank god , because I was just about to compare the OP to the Nazi's simply to invoke Godwin's Law . Let's kill this farce.
24  Bitcoin / Project Development / Re: The Cheaper In Bitcoins Solutiong - The Amazon of Bitcoins! on: September 18, 2011, 04:09:45 AM
Data loss is directly proportional to the amount of time that has passed since the last back up. Cheesy
25  Other / Beginners & Help / Re: A Unique Business Opportunity - Relocate Your Mining Rig To Me on: September 18, 2011, 04:08:07 AM
Whether this is contractually supportable depends on what assurances they where given at the time they signed it. If they where told. "Don't worry half the space is empty anyway" or "They are just typical offices" They can avoid the material alterations or non-disclosures of the true terms of the contract. There are concepts such as "unjust enrichment" and common law duties of good faith and fair dealing. Unless they are an energy intensive operation themselves they will notice the higher cost .

Secondly and most importantly , you business model is based on reselling electricity and having a 3rd party pay for it. A better business model might be forgetting the energy basis for computing cost especially when you know a 3rd party is paying for the service you are providing but receiving no additional consideration in return. You will lose in a jury trial.

Now if you just split profits or sub-lease space at least there wouldn't be the appearance of fraud. You have to add value. You can't just piggyback on someone else's lease agreement as a business model.

Only in America would some try and pass off an obvious fraud as legitimate without blinking. The kleptocracy is alive and well.

26  Bitcoin / Mining / Re: FPGA Miner Design for Sale to Someone willing to Market It on: September 18, 2011, 03:41:57 AM
THIS ^^^^

Atleast until this alleged history is demonstrated conclusively.
27  Other / CPU/GPU Bitcoin mining hardware / Re: Refurnished Graphic Cards on: September 17, 2011, 08:17:24 PM
I bought a counterfeit mail-order bride from China.  Grin
28  Economy / Goods / Re: WTS: 7" LCD Digital Photo Frame With Free Shipping! on: September 16, 2011, 06:28:49 PM
I'd consider buying this but there is too little info. LCD Resolution? Power source? Brand? Warranty? Input format (i.e. SD, MMC, USB)? Picture Format?
29  Bitcoin / Bitcoin Discussion / Re: Unknown National Chain Restaurant to Accept Bitcoin This Weekend on: September 16, 2011, 02:07:59 AM
I find it difficult to believe a 500 location national chain would consider even a test run of accepting Bitcoin without consulting their legal group first. I suppose they may have been sitting on this or planning for a while as I don't think a legal group for such a chain would sign off on something like this in a matter of a few days.

What does legal have to do with it? Are bitcoins illegal? No . So they can be accepted if they want to. Money is whatever the contracting parties agree it is.
30  Economy / Economics / Re: Three months in retrospect on: September 15, 2011, 08:21:49 PM
My personal opinion is that early adopters with boatloads of coin cashed out in since the $11 price range. Hopefully the BTC holder base was widened and this once a consolidation by a few parties.

I think there are some fundamental weaknesses in the BTC economy. Foremost being that everyone is trying to peg BTC to some other currency. If the peg is all that matters BTC value is dependent on something else. BTC needs to stand on it's own 2 feet. It's needs independence. This is tough because miners are dependent on dollars or euros to continue production. Maybe extra data whose value is directly tied to authenticity could be inserted into the blockchain thus adding value to it. The only other option is to get direct producers of real goods and services to use BTC exclusively. We need a stable base.

Secondly BTC needs to broaden it's user base.
31  Other / Meta / Re: Isnt it more than past time we cleaned house? on: September 14, 2011, 05:44:23 PM
SA does the crap they do to piss people for the purpose of getting people to go to that site.It' a slimy way to get add revenue but I know it's working. Sometimes they must piss people off so bad, they actually pay to flame back and crap in their forums for the purpose of revenge. This ain't the only forum they troll in that's for sure.


32  Economy / Currency exchange / Re: MtGox 9/11: a wild speculation about what happened on: September 14, 2011, 05:34:29 PM
Could this e the reason we see all these hard momentum reversals. Meaning whenever I see the price take a large jump up it shoots right back down instantly. I thought it was people trading on stale information by idling on the trade page which isn't realtime i.e. has the price at the time the page was loaded. Mtgoxlive looks like a seismograph from the Island of Sumatra.  It doesn't make sense that the prie shoots up to say $10 and a second later some sells into a .50 fall ALL THE WAY DOWN. This happens all day everyday.

Compare MTGOX graphs to mainstream market graphs. They look nothing like this.

http://www.forex-markets.com/charts.htm
33  Bitcoin / Bitcoin Discussion / Re: Bitcoin in France: first legal decision directly related to Bitcoin? on: September 14, 2011, 01:47:07 AM
that is claim for bitcoin itself than
@nighteyes, it is not clear how you jump from what you quoted to your claim that bitcoin is illegal. Explain your logic, if any.

I was just stating the argument as I understood it. The argument likely relies on some law meaning that bitcoin its not a recognized currency.

edit: My position is that it is legal...just not legal tender.
Everything is "legal tender" as long as it is of sufficient value to support a simple contract. Legal tender means "legal offer". The US recognizes a particular form of legal tender but that recognition is not exclusive to FRN's contrary to popular belief. FRN's are not money per se.

U.S. v. Thomas 319 F.3d 640

Quote
Paper currency, in the form of the Federal Reserve Note, is defined as an "obligation[] of the United States" that may be "redeemed in lawful money on demand." 12 U.S.C. 411 (2002). These bills are not "money" per se but promissory notes supported by the monetary reserves of the United States.
34  Bitcoin / Bitcoin Discussion / Re: Why Don't Black People Use Bitcoins? on: September 13, 2011, 04:57:05 PM
Trying reading comprehension.

 I said it was ironic that someone used Morgan Freeman to support the notion of a "black" god in this thread when his personal view is that the black/white differentiation is without substance.

Too bad it's too late for you to participate in this.

http://www.youtube.com/watch?v=qwH01ual7KI&NR=1
35  Bitcoin / Bitcoin Discussion / Re: Why Don't Black People Use Bitcoins? on: September 13, 2011, 04:47:47 PM


Morgan Freeman, paragon of intelligence .

Ad hominim is evidence proof of being a dolt.
36  Bitcoin / Bitcoin Discussion / Re: Why Don't Black People Use Bitcoins? on: September 13, 2011, 12:03:18 PM
I'm quite surprised this thread even exists among this community. Out of all the people in the world i though you guys would know that race is a SOCIAL CONSTRUCT that has ZERO basis in biology. According to the International Code of Zoological Nomenclature there is no racial differentiation based on biology in man. It's another devious control mechanism created by the PTB to keep the poor blaming other poor for their problems. C'mon guys you are smarter than that.

I find it ironic that there is a picture of Morgan Freeman in this thread .

Well listen to what he says about race.

http://www.cbsnews.com/video/watch/?id=1131418n

and Slavery
http://www.youtube.com/watch?v=GL64gY79QkA
37  Economy / Goods / Re: BitCoin Stickers in stock, 59 cents in BTC each 10/$4.50 99 cent USA shipping on: September 11, 2011, 09:59:44 PM
Got the stickers 2 days ago. Thumbs up to seller ! He threw some extra's stickers in there.

All I can say is a major city in the north east is being spammed with BTC promos....   Grin
38  Economy / Marketplace / Re: Hollie/Ninja/Stefanie Andrea/SHlFT/Pearikay scammers on: September 07, 2011, 08:18:58 PM
In regards to the ip addresses. Do they resolve to common hostname or internet service provider. If the do what is the geographic location? Do you think they where using proxies or TOR?
39  Economy / Goods / Re: CASASCIUS PHYSICAL BITCOIN - In Stock Now! (pic) on: September 07, 2011, 02:02:04 PM
Money is whatever the parties to a contract agree it is. It would be more correct to say it isn't currency.


Still... what's the durability on these suckers?
40  Economy / Goods / Re: CASASCIUS PHYSICAL BITCOIN - In Stock Now! (pic) on: September 07, 2011, 11:56:48 AM
I guess I'm kinda worried about durability. If it gets wet will the hologram be destroyed or fall off? What if it goes through the washer dryer?
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