1521
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Other / Meta / Re: Bitcoin Expert
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on: April 21, 2013, 06:32:29 PM
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Who determines who is a Bitcoin expert?
Donators are allowed to change the Newbie / Sr. Member / Hero Member thing: If you donate 50 BTC, you get VIP status and the ability to create a custom title for yourself.
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1524
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Economy / Speculation / Re: Dirty Fiat Money
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on: April 16, 2013, 06:15:27 PM
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According to the Occupy Wall St. Bears, anyone with that % profit is an evil capitalist ponzi market manipulator and doesn't care about bitcoin. If I invest in a low-yield government scheme with an insolvent counterparty, as was suggested by someone else in this thread, or a 'stable' stock in a too-big-to-fail government-approved behemoth, and end up losing money due to rampant inflation or REAL market manipulation, I'd consider that gambling with retirement just as much as investing 10% of a portfolio into bitcoins is. Having any type of money is a gamble - because money only represents the things we really want (a house, car, food, water, etc.). The question is: do you believe in the asset you have? e.g. Would you work for Bitcoin if someone wanted to pay you with it instead of government money? In the context of this thread, a "good girl" is someone who prefers inflationary fiat over deflationary currencies/stores of value, and fails to recognize the pressing issues regarding its not-so-pretty future. Also, it helps to hold the opinion that a 1.5% yield is 'responsible and good' but a 1500% yield is "evil, capitalist, irresponsible, not contributing to society.' This is why judgement language is not only semantically invalid (in the field of applied general semantics) but has absolutely no place in the worlds of finance, investment, monetary economics, etc.
A good girl doesn't bring you sandwich and beer, a good girl brings you a hot potato - right out of the 450 degree oven - and puts it right in your bare hands. When you swear and throw it across the room, she explains that it is the metaphorical hot potato of fiat currency - you don't get to choose your poison i.e. nice cuddly 3% inflation - it starts at 3% and the official figures are reluctant to budge but once real inflation is 30+ percent the Argentinian peso becomes like a hot potato and you have to get rid of it the second you get it - inflation is just theft in disguise, and promotes rampant consumerism spend-spend-spend mentality. Deflation encourages a responsible balance of saving and spending.
Do you prefer it as an "investment" just to sell it for government money again or do you prefer it to pay and to get paid?
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1525
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Economy / Speculation / Re: Dirty Fiat Money
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on: April 16, 2013, 04:09:23 PM
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But by your official gov't figures, I am making 1.5% per year and that's ok, but if I invest in bitcoin and make 1000% per year for a few years until it reaches saturation and levels out, I am an evil cpaitalist? No, you're just gambling in that case (similiar to a shareholder of a company or someone who plays the lottery) - unless you're also providing a service or product for bitcoin. What if my retirement fund invests in something like apple stock when it is worth barely nothing, then I see 800% ROI and I am set for retirement? IS that OK because I am being a good girl and buyign into your fiat scheme where the potential for tiny profit is OK but the potential for big profit is bad if it's not by accident, because I am not physically contributing to society? No, a good girl makes me a sandwich and brings me beer when I really need it.
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1527
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Bitcoin / Bitcoin Discussion / Re: BTC Billionaire
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on: April 14, 2013, 12:23:40 PM
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BTC Billionaire?? There will only be 21million BTC at the end. How can u be a BTC Billionaire?
Because 1 BTC does not equal $1 I'm glad someone posted that, I didn't want to sound rude :3. That makes him a USD billionaire......if he's very lucky! lol @ username "mariodraghi" in the screenshot.
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1528
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Economy / Service Discussion / Re: Mt Gox - Some trading bots are out of control spambots
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on: April 12, 2013, 11:36:11 AM
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Mt Gox is still being spammed with micro-orders and sub-second order cancellations and inserts. This is an abuse of the privilege of a direct exchange interface. Other global exhanges terminate access rights to clients abusing their systems.
Charge a fee of 0.1 BTC for canceling orders if more than 10 orders have been cancelled on this day...
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1532
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Other / Politics & Society / Re: Bitcoin is already illegal in China
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on: April 09, 2013, 12:56:48 PM
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"Legality" is pretty fluid in definition in China.... and they have some many dollars to convert!
+1 "Unlike many other major civilizations where written law was held in honor and often attributed to divine origin, law in early China was viewed in purely secular terms and its initial appearance was greeted with hostility by Confucian thinkers as indicative of a serious moral decline, a violation of human morality, and even a disturbance of the total cosmic order" - this is from Wikipedia - and at least this statement is correct.
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1534
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Other / Beginners & Help / Re: BITCOIN IS TOO SLOW TO EVER SUCCEED AS ONLINE CURRENCY
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on: April 08, 2013, 06:06:37 PM
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actually, bitcoin transactions are faster than paypal/credit card transacrions.
you can count a CC/PayPal transaction roughly as final as a bitcoin 0-confirmation, the speed here is the same (instant). however, PP/CC can be reversed for months after the transaction, bitcon transactions cannot be reversed after a few confirmations.
Yep, just require customer data (email, name, address, etc.) and blacklist the customer / don't ship / stop service if it doesn't confirm later.
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1536
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Other / Off-topic / Re: USA vs EUROPE
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on: April 08, 2013, 02:33:08 PM
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Kind of depends where. Compton vs. Bosnia? Fuck son, you're dicked two ways to Sunday. But Frankfurt vs. Minneapolis? It's a whiskey vs. beer question. Gonna come down to what you like more.
LOL, yes. btw.: Are we talking about USA - EU or USA - Europe? There are some countries in Europe that are not part of the EU: Norway, Iceland, Switzerland, Liechtenstein, Bosnia, Serbia, Ukraine, Moldova, Belarus,....
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1537
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is Worthless
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on: April 08, 2013, 01:37:48 PM
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It is impossible/infeasible to counterfeit Bitcoin using today's technology.
My point was: Even if it's possible to do it today - it's possible to detect it and fix it.
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1540
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Other / Off-topic / Re: USA vs EUROPE
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on: April 08, 2013, 12:42:39 PM
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The best place to live is probably somewhere in Asia in the future. You can't really compare "the US and Europe" or "the US and the EU"- it strongly depends on the state & country (I'm not sure about this, but I think the difference is bigger in Europe). I wouldn't move to the US. USA because it is more stable comparing to EU. There's only the impression of stability in the EU ("fiscal cliff" news) or the US ("cyprus" news) when you hear what's wrong on the other side of the world.
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