I believe the point of the OP is that the large piles of gold accumulated by pirate drew in accomplices, who accepted some guilt in helping to dupe more greedy fools. The responses of said accomplices (denial) only show that there are lessons being learned here on both sides: 1) The lenders are learning the psychological effect of piles of gold (i.e. greed). Namely, it can make people do stupid stuff that results in losses. It's an ancient story but if you don't know it, you might get bit. It's ok to trust people anonymously but if something seems to good to be true, step back. You don't need that shit. Enjoy your wealth, don't sweat all day and risk it all in the hope to make it larger. Careful or you wind up like gollum. 2) The borrowers and accomplices are learning the same lesson. It doesn't really feel that great to steal candy from babies after all does it. I'd rather have 100 coins and not a care in the world than 1000 coins and a bunch of trolls on my ass every day nibbling at my karma. Live and learn. There will always be people needing to learn these lessons. Bitcoin is just a new way to learn them  One more point: did Matthew actually put any money on the table? |
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lol! As much as I do like boobs, I'll be missing it this year too. Unless of course I see the werewolf on the play bill.
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It's not just spending money, it's spending money that was just made up out of thin air. Since the federal reserve (which is neither federal, nor a reserve) was instated, the US dollar has lost 95%+ of its value. That's called inflation. It comes about by making money out of thin air. Politicians love it because they can spend it to buy votes and future generations pay for it.
The Federal reserve was created to stabilize the value of the US dollar. Prior to the creation of the Federal reserve, the dollar was bouncing up and down by 30% or so in 40 year cycles. Since the creation of the Federal reserve, the dollar has lost value consistently, halving in value every 30 years or so. Of course, this doesn't prove anything's wrong with the Federal reserve. In fact, if anything, it shows that we need a few more Federal reserves to stabilize the dollar as one hasn't stabilized it nearly enough. http://en.wikipedia.org/wiki/File:Dollar_value_chart.giflol nice I thought it was closer to halving every 10 years, corresponding to ~7% annual inflation? Gold went from 20 to 2000 in 100 years, so that's well more than the double every 30 years but a bit less than double every 10 years. |
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It's amazingly shameful so many follow someone like Ron Paul who supports legalizing drugs which are nothing but poison that rob the mind of any clarity.
If you think you need the federal government to stop you from your desire to eat poison, clearly your mind has lost all clarity already. I'm sorry to hear you have such little faith in yourself and your own mind, however we can't let feeble minded people like you lead us further into a corrupt prison state, that's why we the people say NO to prohibition. Ask your parents or perhaps your friends or church to lock you up if that's really what you need, I would rather let you be free to pursue your own religion and accept the consequences of your own actions. If you are really that out of control you want a cop to watch you in case you go under the kitchen sink for some drano, please I do hope you have help with you at all times. |
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Hey Bitcoin is great but lets not forget the point here: Ron Paul. Thanks to all bitcoiners down there at the rally for supporting Ron Paul and having a hope for the future of the USA! I've never seen so many USans stand for a politician before. Never seen tens of thousands turning out to see a politician, nor a polititician who continuously demonstrates a factor of 10 more interest than any others in polls, search trends, and turnout at rallys at speeches. Take a look at all the professionally done animations and support videos for Ron Paul by citizens on their own dime. There are several pretty decent rap songs about this guy. Even video games. I'm not old enough to remember JFK but I think this outpouring of support and love is the biggest seen by any politician perhaps in the history of the nation. Has there ever been this kind of support from the populace for any DC politician? How will these RP folks feel about paying taxes and supporting DC when Dr. Paul is gone? What do people turn to when hope to save the system from the inside dies? Currently live feed from USF sun dome: https://www.youtube.com/watch?v=hEmDu1AYA4o |
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also it isn't that complicated.
it's clear to me that if you wanted to destroy bitcoin, all you'd need to do is get ahold of a certain % of the coin which you could then write some smart trading algorithms against, with the assumption that your competition basically doesn't exist.
it's hardly implausible.
Ok so you can manipulate the price on an exchange. Sorry I'm a bit slow today. Can you connect the dots for me, how do we get to the "destroy" bit? |
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The measure was completed by 8,035 participants (4,242 men; 5,888 liberals, 760 conservatives, and 657 libertarians). Interesting set of numbers. Nothing seems to ad up to any total. At least one of those categories has a fairly high selectability: men. In most cases gender can be identified with a simple set of testable criteria. Compare that to the other qualifiers used in the study. Is there anyone here who thinks their political ideology places them clearly in one of those other three categories at the exclusion of the other two? Didn't think so. Would any of those words be used by somebody who had a real quantitative statement to make? Didn't think so. Not that I don't like poetry or drama.. just sayin, this obviously ain't exact science so it's funny when they pretend |
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Why should I think any of these three bought and paid for ad selling shops are any better at telling me accurately and truthfully peoples opinion than a bought and paid for vote counting shop? The first one has a nice glossy ad for Romney right away popping up. |
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I guess I am screwed.
You will look much cooler. Real brand luxury items just make you look like a total idiot. |
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Nice idea Coblee! My first thought was Democritus. Sign your block, it's like jury duty I suppose when a block comes up for signature and is not signed by the designated block chain citizen, the block doesn't pass. So there would be incentive for folks to keep their coins online in citizen groups to make sure to get that reward for when their time is called. The ecosystem would be very different. What gmaxwell said. My reservations here are similar to those with PoX (X!=W) ideas in general: I'm not sure what the problem is for this solution. Are we going for: 1) a more energy efficient mining process OR 2) a way to eliminate double spending attacks entirely OR 3) a way to make double spending attacks more expensive OR 4) something else I'm missing? There will always be a way for an attacker to spend Z units to get Y in return, when Z>>Y. That is really hard to stop!  The problem in the system arises when these attacks become feasible for Z~Y or even Z<Y. One way to prevent this and secure the system is to make sure Z is very big. Another way is to make sure Y is small. If the problem in need of solution is double spending, a simple solution exists: minimize Y. Don't accept transactions in such a way that the costs of a double spend attack can be regained. Wait for more blocks if more money is changing hands, don't automate large transactions, keep track of pool percentages, cap your overall outputs, etc. etc. I guess I just haven't been convinced that this 51% threat is such a huge one, but I suppose eventually we will see some big ones go down. That being said, I like the idea. Another alt-coin please  |
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The market is saying there is less than a 38% chance of repayment in full. The actual number is probably lower because
... and even because now you can buy 1 BTC of Pirate debt for about 40 bitcents and hedging betting 1:1 against Pirate here: https://bitcointalk.org/index.php?topic=101751.0;topicseenso to profit either way. Good point.. if you believe either of those "assets" will pay you back for your "investment". Maybe Satoshi will come back and print out some extra coins cause these toxic debt bubbles are too big to fail? |
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Probably it's not what you're looking for, technically just mouse and keyboard sharing over IP, but I use synergy to set up 2 or 3 monitors and it works great for me. It's not one OS controlling them all but if you have some other computers running you might as well use that real estate, you can have screens on different OSes and still cut and paste between them, one keyboard and mouse. No fancy graphics cards needed. OK you can't drag a whole window from screen to screen but that's not usually necessary anyway.. instead you can have your email and porn on the windows screen and some terms up with your coin clients on the linux box nextdoor. Or fill them all up with forum posts about pirate.
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Think Matthew will not default on this bet?
Put your money where your mouth is.
A)
I'm willing to give you an extra 50% extra on your money (you get your bet back +50%) if indeed everybody on this list is satisfied with their payout from Matthew. As insurance for this bet I will put 10% of your coins aside in case I run away, so you will at least get 10% back (before the 50%).
B)
To hedge you can make a bet against this bet. I am willing to give you 100% extra on your money if not everybody who bets on bet A is satisfied.
To bet, post here a unique amount with your username and return address, and which bet (A or B), and send your coins to
1HS19u8ptdomn2j89hjsYifBDRvjPvi1W9
Think hashman will default on his bet? Same conditions apply. I'm also willing to take on bets that I will default on these bets too. Actually, I won't but I am wondering how many levels of betting insurance will be offered before we know the outcome to the pirate saga. LOL Organo I was joking. I kinda thought Matthew was too, because he didn't ask for the money just a "pledge" in an insecure forum, and as others have pointed out without a clear method of validation. Maybe I'm wrong :S Time for me to run away, sorry for the confusion. Continue your games folks. |
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They can only issue new debt based on new deposits. It might not work the exact same, but it's a system that can only function if people keep taking on loans and then depositing those loans within the system. If enough people walk in and demand their deposits now, in cash, that's when you just throw up your hands, as a banker, and say "sorry, we don't have it, and the FDIC only has $2,200 in the insurance pool per $1,000,000.00 of "insured" deposits". Ponzi...
AFAIK a ponzi scheme operator cannot create funds that don't exist. A fractional reserve banker can. It's a big difference. After all if you want to play "by the rules" (nyuck nyuck) you can always create a corporation, have that corporation borrow money from you, create that money (at whatever multiple of reserve your local mob boss allows, which depends on where you live and how connected you are), then have that corporation deposit it in your bank. Now you have more reserves and can up the ante in the next round. See also "inter-bank loans". Some of these corporations (or whatever you call them) will have to go bankrupt once in a while. Remember this is when you are playing by the rules. If you want to cheat there is nothing inherent in the system that prevents you from simply adding a bunch of zeros to an account in your bank. I bet however if you try this you have more than just the US justice system to worry about.. so this is probably more dangerous than laundering drug money. Of course if you are at the top of the chain it is 100% legal and goes by names like QE. The only way this kind of thing ends usually is not with a rush of withdraws (like a ponzi or bank run) but with people realizing the money you create is worthless. Then you finally get bored of printing trillions of worthless zimbabwean dollars etc. etc. for yourself and move on. Considering how easy this system is for people to take advantage of, and how most such systems have ended quickly with the hyperinflationary spiral, you have to conclude that TPTB or "the fed" have actually done a damn good job keeping a lid on it over the last 100 years. |
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Dimon needs to get himself back a half-millenium, where they strung up anyone who called himself a "banker" and practiced the type of financial shenanigans that are currently practiced.
I think most bankers in the lower regions of the business are generally decent people - there have been 3-4 generations now where their day-to-day practices, previously defined as blatant fraud, have been considered to just be the regular course of business, and A-Okay.
Until the multi-generational ponzi scheme of $XHUNREDED trillions in promises to pay backed by less than $20 Trillion in cash and deposits, bankers will be regarded as "really nice people".....
I agree, except for the bit about ponzi scheme. A ponzi scheme is when you use new investments to pay out. Some folks don't need new investments when they can just create fiat money with a keystroke. |
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Hogwash. It's easier to "prove how much you've got" with BTC then it is with paper fiat.
Really? My primary address is in my signature. This is the one that I have used to receive all my mining gains, any pay from projects, etc. How many Bitcoins do I have, all told? Total Received 24.27672903 BTC ? At least it's a start. How much USD are in my safe at the moment? Ah, good point. I don't pretend to know. But can you carry those bills over the border in your brain? And while you have determined how much BTC I've passed through that wallet address, You still have no idea how much I have now. In fact, maybe I lied when I told 420 he was wrong, and I am actually Bitcoin broke. Can you tell? Can you even tell where those coins all went? No I don't know, and yes you could do a pretty good job of hiding them and carrying them across the border as you point out. If I were a uniformed gang member so inclined I could try to figure it out in the usual way: ask you, threaten you, and if I don't like your answer: take your stuff and lock you up. Say that's a nice watch you have there... And +1 to FirstAscent, bitcoin won't stop taxes. In fact, general adoption could make collecting taxes -more- common, as coins will remove the ability for governments to issue currency to finance operations. Unless they start new pre-mined chains |
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Hogwash. It's easier to "prove how much you've got" with BTC then it is with paper fiat.
Really? My primary address is in my signature. This is the one that I have used to receive all my mining gains, any pay from projects, etc. How many Bitcoins do I have, all told? Total Received 24.27672903 BTC ? At least it's a start. How much USD are in my safe at the moment? |
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Bitcoin, or it's successors, makes paying the State an entirely voluntary affair. They can't even prove how much you've got. When people cannot be forced into paying the State, the State must convince them to pay. That puts them in market competition, if not with each other, then at least with all the myriad other things money can buy.
Hogwash. It's easier to "prove how much you've got" with BTC then it is with paper fiat. If by "forced into paying the state" you are talking about taxes, you're just wrong. The IRS could basically work just the same way, making you declare your income, auditing you to prove it, etc. If by "paying the state" you are talking about using an inflationary currency where the state is the beneficiary, you are 100% right |
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That chatbox is the reason a lot of users are there in the first place, and you just seem like an angry person to begin with, so... nothing to see here, move along
Lol, remove it from the main pages or always be nothing. yes the chat box is there to attract highschool retards who have nothing to add. The choice is theirs. You must be the mentally challenged one here. Who said you, yes, your dumbass has to use it? Just because it's there doesn't mean you have to click on the fucking textbox, enter your bullshit message, and press enter. If you're reading it, ignore it. Simple. Preserved. This will go down in history as will LTC price. Mark my words. .003 today .001 by next week and then lower. BTCE you have a choice. It's not professional. Move it to it's own page or lose. Can you please put this thread where it belongs? The BTC-E trollbox that is You will fit in fine don't worry! |
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