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1281  Bitcoin / Bitcoin Discussion / Re: Bitcoin Magazine on: March 17, 2012, 06:47:11 PM
Also if you want more of my money, let me know hwo I can give it to you.  

Here you go http://bitcoinmagazine.co.uk/subscribe/

I do not think you really need to change your existing subscription/order if you just want to buy more. You could have as many of the options listed on that page as you like. However, support@bitcoinmagazine.co.uk is where customers can get support when needed.

Since some found language on order page confusing we will review it and try to make things more clear. Thank You.




1282  Bitcoin / Bitcoin Discussion / Re: The Biggest Threat to Bitcoin: The New American NSA Datacenter on: March 17, 2012, 06:43:44 PM
2 billion$ for cracking a typical password for anything remotely important

W39aJtv<w50>jcvOBJ20f<J36MDU{skK

Should not take more than a few milleanias. Good luck with this.

Rubber hoses and predators and bent senators are so much more cost effective than those datacentres.


1283  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 14, 2012, 11:03:00 PM
Sure thing. I suppose it very much depends on whether one thinks on how he will continue with his ongoing hand to mouth existence or what kind of pension he will have X years down the road.

But a good one bringing visual aids into the argument, that is a strong move, indeed. No seriously.

P.S. there is an awesome book out there, google "How to Win Every Argument The Use and Abuse of Logic-Mantesh". Know it by heart and you could win this argument, even if you are wrong. Unfortunately some people get upset when you use black magic described there on them. Everything has it's downsides.


1284  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 14, 2012, 10:46:29 PM
I would suggest that when talking about deflation in Japan it is not correct to look at commodities and energy prices and it's  derivatives or imported goods simply because those are not that much influenced by Japan's economy or monetary policy. You should really be looking at equities and local real estate prices and wages.

I'd say that the difference between what's going on now in US/EU and the Japanese scenario is that Japan had a little local screw up while the rest of the world basically minded it's own business. While it seem now we are on course to quite a global "cluster f*(^&" here.




1285  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 14, 2012, 10:21:56 PM
silverbox, unfortunately your argument is a logical fallacy and therefore cannot be taken seriously. You use an anecdotal evidence and using wrong time periods at the same time.

To illustrate, it is like responding on statement like, say "in county X unemployment was rising during period from 1990 to 2006" by saying "no it is false because this guy I know got himself a new job in 2009".

As such, I have no choice but to dismiss your last post as utter nonsense, with all due respect.

1286  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 14, 2012, 10:06:22 PM
lol, that's what they want you to think.

Ok, *shrug*.  Don't believe the way it really is..  There will be NO deflation.

I am wondering why Japanese were not able to "just buy things" using your model, for like decades now. They must be stupid or something. Or maybe there is some kind of magic bullet that is available to the fed but was never available to Japan's central bank.



wtf??? Japan didn't have any deflation!

sure

http://en.wikipedia.org/wiki/Deflation#In_Japan

I love this little snippet:

Quote
Deflation started in the early 1990s. The Bank of Japan and the government tried to eliminate it by reducing interest rates and 'quantitative easing', but did not create a sustained increase in broad money and deflation persisted. In July 2006, the zero-rate policy was ended.
1287  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 14, 2012, 10:02:00 PM
lol, that's what they want you to think.

Ok, *shrug*.  Don't believe the way it really is..  There will be NO deflation.

I am wondering why Japanese were not able to "just buy things" using your model, for like decades now. They must be stupid or something. Or maybe there is some kind of magic bullet that is available to the fed but was never available to Japan's central bank.

1288  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 14, 2012, 09:44:07 PM
lol, that's what they want you to think.

Who will they buy this stuff from once they bought all of it already? You do realise that we are talking about amount of money that is greater then valuation of all the hard assets in existence already.

1289  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 14, 2012, 09:37:17 PM
I don't see it.  The Fed can print at any rate they want.

I do not think it is the case. It is debt money. They only can print when someone borrows. However we have fractional reserve, that is already insane. It is simply a question of what's happening quicker new borrowing or defaults. What they do now is they are trying to balance this while hiding true defaults, sooner or later they fail at this "balancing act" and then we have either super inflation or super deflation or most likely both one after another.

As result of it this generation and the next generation will have no any further appetite for debt for quite some time. I think this theory is described reasonably well here http://kondratieffwinter.com/blog/k-wave/kondratieff-summary/



1290  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 14, 2012, 09:33:50 PM
Here is an idea: create a chart of S&P in bitcoins.
1291  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 14, 2012, 09:27:58 PM
There is data out there that QE's have diminishing effect. The game is up and deflation is upon us. All assets but cash will fall in this scenario, gold and stocks and in most countries housing are the first to the block.
My goodness, a Bitcoin bearish Vladimir? Grin Grin

Not necessarily. Bitcoin is cash equivalent, and cash is the only good thing to have in deflationary environment. For example, when S&P falls to 300, your bitcoins would buy you much more of S&P shares than you can buy now. Even if nominally Bitcoin exchange rates fall some too.
1292  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 14, 2012, 09:22:26 PM
The point is whether you have free market that is self regulating or a central planning system. Do you think free markets would give you effectively negative interest rates as you have now?

And do not worry, you will see both deflation and hyperinflation. One after another.
1293  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 14, 2012, 09:14:53 PM
finally.  someone who understands.  

it'll be an all-one-market effect with USD up and everything else down.  the Fed won't be able to print fast enough and the printing that they do comes with some trepidation b/c if they destroy the USD, their only tool, they then self destruct.
you obviously don't account, in your forecast, for 200+ million of desperate and hungry people flooding the streets... and each one of them handling a gun...

this is not a soviet union - they wont be starving quietly.


This is actually soviet union 2.0. I can tell you from first hand experience of both 1.0 and 2.0.

1294  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 14, 2012, 09:00:07 PM
I agree with you that a deflationary event is coming. But do you think central banks won't react ?

the deflation will overwhelm them.  

I am with cypherdoc on this one. To compensate defaults (deflation) they are continuing to reduce bank's reserve requirements. It is effectively 0 or even negative already. The more they reduce reserve requirements the more difficult it is to fight deflation. Given that so many banks and now governments, particularly in Europe, are de facto insolvent right now, while PIIGSominoes  keep falling right on schedule, this is unsustainable. There is data out there that QE's have diminishing effect. The game is up and deflation is upon us. All assets but cash will fall in this scenario, gold and stocks and in most countries housing are the first to the block.

Moreover, the market has a tendency to inflict the maximum possible damage. It's so called "max pain" theory. See how everyone and his mother is into the gold right now and into shorting fiat by borrowing a lot. Everyone is playing the inflation card with ever increasing leverage, which basically means that there will be deflation to hurt the maximum possible number of people.

The worst thing one can do in deflationary environment is to be a debtor whose debts are secured on his real assets.




1295  Other / Beginners & Help / Re: Hello Everyone! on: March 13, 2012, 04:05:38 AM

Hello Vladimir, don't you have the biggest mining operation in the UK?

Hello to you too OP!

I am not sure now.
1296  Economy / Trading Discussion / Re: Problems with Matthew N. Wright on: February 27, 2012, 08:12:18 AM
A statement on behalf of Bitcoin Magazine.

Goat ordered ads, subscription and website. After that he behaved very unprofessionally,  even childishly, while repeatedly obstructing our efforts to deliver the service he paid for. He then went public with libellous accusations, changed his mind way too many times, wasted significant amount of our time.

We have refunded him all his money and we have agreement with Goat on full and final settlement of this matter.

We refuse to have any business with this person in the future.

Bitcoin Magazine is a very young start-up business, we will review and improve our procedures based on our experience with this incident.





1297  Economy / Trading Discussion / Problems with Matthew N. Wright on: February 23, 2012, 04:41:33 PM
Is the company still willing to place the ads I bought? If so I would be willing to work with someone who is reasonable and can do very good design work that I aprove. I am a reasonable man and would be willing to work with someone who is reasonable as well.

Matthew represented this project to me as his own project. I'm not sure but I bet it was before you formed your LTD. Can you post some info about this legal company? If Matthew was wrong in doing that them well he tricked me. I trusted Matthew as a person doing a project.

The issue all started with the failed web work. Since Matthew was the only person I dealt with and this all failed I thought asking for a refund on the ads and the mag was reasonable. I really do like this project and will still support it after all of this if you guys will be willing to handle it in a professional way.

However Matthew needs to personally deal with the 50 BTC for the failed web work. I am open to working with some one else in the company on the advert in the first issue.

Let me know what you want to do.

Dear Sir,

  It is inappropriate to continue discussing this matter here on the forum. Please contact adam@bitcoinmagazine.co.uk to resolve any issues related to the refund. We would prefer to not have any business relationships with you in the future. Thank You.

  You can find all the information about the company you may need on our website http://bitcoinmagazine.co.uk.

Faithfully Yours,
1298  Economy / Trading Discussion / Problems with Matthew N. Wright on: February 23, 2012, 04:09:47 PM
I will never agree that I had anything to do with this company, I only worked with Matthew.

Dear Sir,

Matthew N. Wright is an agent and an officer of Bittalk Media Ltd. With reference to all matters directly related to Bitcoin Magazine.

Faithfully Yours,



1299  Economy / Trading Discussion / Problems with Matthew N. Wright on: February 23, 2012, 03:51:00 PM
Dear Sir you have 3 options:

1. Communicate with Bittalk Media Ltd in writing (i.e. email or snail mail) and agree F&F settlement as it was proposed or negotiate it, should you want to. Then get full refund.
2. Sue us, see http://bitcoinmagazine.co.uk/terms-of-sale/ . I, personally, at this point would prefer this scenario and I would personally defend this in the court.
3. Continue acting "in bad faith" as you are for a while now and get on every shit list out there as well as not getting any refund.

Let me also explain you that by refusing to communicate with Adam ( an agent appointed by the company) you are "acting in bad faith". Google it.

By refusing to accept refund you are "acting in bad faith".

This is final. Our position will not change.

Faithfully Yours,
1300  Bitcoin / Bitcoin Discussion / Re: Boycott anti-bitcoiners movement. You discriminate Bitcoin, we boycott you. on: November 02, 2011, 04:15:53 AM

Tell us if you would like to join BABM (boycott anti-bitcoiners movement) and who you personally are going to boycott.


No, I would not join. Bitcoin needs to win on its own merits. If Bitcoin is better/fairer/safer/more-useful/scalable/viable/etc, it'll win on its inherent qualities, which is the way things should indeed work.

Fair point. Thank You.
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