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221  Economy / Trading Discussion / Re: Why hasn't this happened yet? on: October 20, 2012, 09:44:29 PM
The CEO of a well known company:

1) Buys a shit load of bitcoin.

2) Announces plans to accept bitcoin payments (or something similar). Bitcoin price subsequently rises (hype).

3) Sells a shit load of bitcoin.

4) Gets fired

5) goes to jail
222  Bitcoin / Pools / Re: what the hell ever happened to deepbit? on: October 18, 2012, 11:45:17 PM

Honestly, for me, the "nail in the coffin" against DeepBit was about the time SatoshiDice started up


No, the nail was 50btc.com pool and its killer feature: auto top-up your mobile phone account with earned coins.
223  Other / Off-topic / Re: Which is the BEST military rifle? on: September 23, 2012, 05:40:09 PM
BFG9000
224  Bitcoin / Bitcoin Discussion / Re: Why so much bitcoin popularity in Russia? on: September 16, 2012, 11:56:49 PM
I got the answer. Mining gives free bitcoins. And russians love "халява" (freebie).

+1
225  Economy / Invites & Accounts / Re: SALE! 21GB Lifetime Dropbox Accounts for 0.25 BTC! on: September 14, 2012, 02:47:14 AM
Sorry 21GB is the largest possible for Dropbox without having to pay them monthly.

even with .edu addresses?
226  Economy / Service Discussion / Re: Figuring out how much was invested with pirateat40 on: August 29, 2012, 06:57:40 AM
If we know this is the scammer's address, can't we just all use a version of a client that rejects every transaction that spends btc from this address?
227  Other / Meta / Re: Be Reasonable. Please! Or About Logical Fallacies. on: August 27, 2012, 06:39:30 AM
what category the "go .... yourself" argument belongs to?
228  Economy / Services / Re: Increase Your Dropbox Storage - up to 16 GB or buy a 66 GB account on: August 24, 2012, 05:03:16 AM
The prices remain the same even the bitcoin price is decreasing. Because of the speculative trends I think the best price scheme will be in us dollars converted to btc.

Хай!

У меня есть 19ГБ аккаунт на гмаейле (купил за биткоины  Wink), можно его расширить в 2 раза?
229  Other / Politics & Society / Re: So I got pulled over for speeding... on: August 22, 2012, 03:08:27 AM
why this is posted here? you bribed the policeman with bitcoins?
230  Economy / Service Discussion / Re: Hey Pirate, it's Monday....WHERE ARE MY BITCOINS ? on: August 21, 2012, 01:30:11 PM
SHAVERS, TRENDON    101078   09/21/1982   THEFT O/20 U/500 BY CHECK
231  Bitcoin / Bitcoin Discussion / Re: (16 TH/s -> 23 TH/s) + ($15 -> $8) = Coincidence? on: August 20, 2012, 12:33:42 AM
a) random fluctuation (most probable)
b) someone developed ASICs three months before BFL and mining for themselves
c) someone is attempting 51% attack to destroy bitcoin
232  Economy / Speculation / Re: I dumped. Are you? on: August 19, 2012, 01:56:02 PM
Me thinks recent rise from 5 to 15 was due to people buying to invest in pirate 7%/week scheme; now it's going back to 5, and probably could dip into 1-2 range because pirate must sell his earnings (which is 500k bitcoins)
233  Economy / Economics / Re: Why did bitcoin jump up in price so suddenly in the past 2 weeks? on: August 19, 2012, 12:41:41 PM
but in a much less efficient manner, FED do not need to hash to generate coin anyway

The FED today wastes billions of dollars a year in resources maintaining their system.  Bitcoin is orders of magnitude more efficient.

I really should not have to continue pointing this out.

FED wastes billions of dollars a year maintaining their system, but it is only a small % of USD in circulation. Bitcoin, to be secure, requires to spend 51% of the value of all Bitcoins in circulation on infrastructure.
234  Bitcoin / Bitcoin Discussion / Re: The reality of BTC that too many (and myself) dont want to believe. on: August 18, 2012, 11:53:47 PM
(in 1990, millions of kids (eg, ~10yr olds) were using the internet )

In 1990 internet was Gopher, Compuserve and BBS. First web browser - 1993. Millions of kids - 1997.
235  Economy / Service Discussion / Re: I've said pirateat40 was running a ponzi on: August 18, 2012, 11:01:33 PM
The real question is - has pirate already cashed out or is 500k dump about to unleash on the exchange?
236  Economy / Lending / Re: Will you reinvest in BS&T if pirate returns your deposit next week? on: August 18, 2012, 01:44:44 PM
Don't be delirious, pirate will not return your coins, instead he will sell those 500K coins, which will bring the exchange rate to 0.15-0.20 range, according to MtGox depth table.
237  Other / Beginners & Help / Re: For Inaba & Аdministrations on: July 29, 2012, 04:37:36 AM
Who needs Shakespeare, if we have bitcoin boards?
238  Bitcoin / Bitcoin Discussion / Re: The thing nobody talks about. on: July 20, 2012, 01:21:53 PM
  Why not simply use Bitcoin

Because Bitcoin already has 43% distributed.
239  Economy / Economics / Re: The expected price of bitcoin on: July 18, 2012, 10:33:01 AM

LOL where did you get that number? If you're basing it on BFL's ASICS', just remember that:
A) They have not released their product yet.
B) The hashing power will grow infinitely, and anyone is free to buy their own ASICs too.

the production cost of an asic is only a few dollars. It is true, that anyone is free to buy one, but what that means is if you buy $X worth of BTC, you should also invest comparable amount in the mining equipment, to make it secure.
240  Economy / Economics / Re: The expected price of bitcoin on: July 18, 2012, 10:10:46 AM
The cost to buy 51% of hashing power, halt the block chain and render all BTCs completely useless is between $1M and $10M.
Thus true value of bitcoin is less than 0.51 * $10M / 9M = $0.57


The value of a thing is what it costs to destroy it? Can I have your house for a match a gallon of gasoline?



Your cost calculation is a bit off. You forgot to add the price of spending a few years behind bars.

Continuing the analogy,  why do you trust that a $100 bill you just received is real and not counterfeited? Because you know that secret service protects it. It costs only a few $M to set up a money printing factory and render all USD in circulation useless, and believe me there are plenty of people that will be happy to do that, but to operate such a factory freely one would need to overthrow the us government, not a cheap endeavor...
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