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1081  Economy / Collectibles / Re: [WTS] MS68 Casascius 0.1btc silver coin on: July 20, 2015, 07:21:22 AM
Beauty of a coin, Elianite, I hope this coin is the one representing the photos in your book!

I hope you get every satoshi you deserve for this beauty, thanks for sharing the really high-quality photos. You know, when you PM'd "photos are up" I thought you meant for your book! I went to the thread for the book and didn't see any photos and was pretty confused...no it's all coming together!

Cheers.
1082  Economy / Collectibles / Re: [WTB] Casascius Coins on: July 20, 2015, 07:17:40 AM
Possum,

By your standard multiplier logic, the 1971 should also be $22 in MS-66, and $60 in MS-67 grade. 

Kid, I agree with every thing you said accept for this quote. First, it's not "my standard multiplier logic", second multipliers shouldn't be used to predict the price of a similar coin of a different series/year/type/denomination. You imply that "my logic" says it's a predictor of price, it's not.

Fortify, you don't quite understand - the multiplier doesn't set the price or the market, the multiplier is a way of comparing the prices or values of two things that are similar assets (coins in this case) that have already been valued by the market. Most importantly, I trade theses coins and follow trades of these coins so there's no ignorance in my opinion on how to analyze the sales. You discount your own comments when you put the word "facts" in quotes, especially after I've shared facts and sources of what valuation multipliers are used for. I'm happy to debate you on stuff but don't attack me for it.

Panthers, Price-to-Earnings ratio is just an example of a ratio, it in no way relates to Casascius coins nor did I ever say it did. I guess that particular linked source, shared as an example, was taken incorrectly as the way a ratio would be applied to Casascius coins.

A valuation multiplier is a ratio. When one is trying to compare the prices (already established by the market) of two similar (but not exactly the same) assets, a ratio or valuation multiplier is a great way to understand how those market set prices compare. It's a way of analyzing prices after the fact of the sale or the bid or the offer.

It's just a means for comparison. And comparing what the market prices are for these different series and denominations of Casascius coins is really interesting, especially (if not only) because the market is volatile and not well established.

Don't confuse any of my comments by trying to add your interpretation beyond what I've stated above...it's really this simple.

I'll stop talking about it because I'm sure I'm not making any friends by bringing it up and obviously the only people who respond are those who don't agree with me or don't understand what I'm trying to explain to you all.
1083  Other / Politics & Society / Re: POLL - Do you believe in last 2 decades it has been warming? on: July 20, 2015, 06:22:04 AM
Yes or no?  I am continuing the same question as in the other thread but have used the "poll" option.

We're now going on 21 years.

http://dailycaller.com/2015/07/17/satellites-earth-is-nearly-in-its-21st-year-without-global-warming/

"Satellite data show no global warming for 21 years."



Give us a reputable source and we may believe you. The Daily Caller is political propaganda.
1084  Other / Politics & Society / Re: Calling for all foreign parties to join in Jihad against the evil U.S.A. on: July 20, 2015, 06:19:26 AM
Which Jihad firm are you recruiting for, Al Qaeda or ISIS?

God's powerful enough to fight his own battles, no?
1085  Economy / Economics / VC firms bullish on Bitcoin potential on: July 20, 2015, 06:13:10 AM
http://www.coindesk.com/10-vc-firms-bullish-on-bitcoins-potential/

When there's venture capital interest, there's growth on the horizon...always follow the money. What great news that VC firms are showing a lot of interest in the investment opportunities that abound in the Bitcoin project. Here's the article...

With more than $800m so far invested in bitcoin and blockchain technology startups since 2012, it's safe to say that venture capitalists are certain captivated.

Investments in the industry have already exceeded the cumulative total for 2014, with more than $380m pledged to startups in publicly announced funding rounds this year.

While an impressive figure on its own, what that number doesn't successfully convey is how many seed to late-stage firms are making bets on the new wave of innovators aiming to take bitcoin and blockchain technology forward.

CoinDesk's Bitcoin Venture Capital data indicates nearly 200 VC firms have invested in bitcoin companies, a total that excludes the many individual and angel investors that have participated in public funding rounds as well as the various private deals kept out of the public eye for as-yet-unannounced stealth projects.

Out of these many investment firms, however, clear leaders have emerged whose investment deals and ideals have influenced the wider ecosystem.

With this in mind, we've compiled a list of 10 of the most influential and visible investment firms in the industry.
1086  Other / Beginners & Help / Re: What do I need to prepare if I want to start offer loans here on: July 20, 2015, 05:09:26 AM
Have a well thought out process for evaluating who you will grant loans to and why. Establish a process for repayment and guidelines around when the borrower should be considered in default.
1087  Bitcoin / Bitcoin Discussion / Re: Bitcoin 2.0 & Crowdfunding on: July 20, 2015, 04:48:05 AM
Why would crowdfunding not be open to any currency available?

I guess I don't understand your question, can you explain a bit more?
1088  Bitcoin / Bitcoin Discussion / Re: How good is trezzor wallet on: July 20, 2015, 04:40:17 AM
it is vulnerable to a battery wearing out

Do you even own one? They don't have batteries...

LMAO  Cheesy

No, I don't own one.

The link you provided "for more information" doesn't talk about power generation, it only says there is no battery. If the fob has a screen it has to generate power...so it must have some source to generate power. Even a watch stops ticking...any thoughts on how Trezor keeps ticking?

I plan to hodl some coins for a very long time. I don't want to pick up my Trezor one day in 10 years and find a blank screen.
1089  Other / Politics & Society / Re: hypothetical: ideas for destroying the U.S.A for foreign countries on: July 20, 2015, 04:25:11 AM

Where does your interest in destroying the U.S.A. come from? Have you gone any further to put some action behind your rhetoric?
1.  God demands justice against this evil.  2.  Yes.

What's the evil that God demands justice for? What evil has America committed, specifically, that falls on God's sin list? And is America alone in this evil action?
1090  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: July 20, 2015, 03:41:05 AM
This is a great, interesting perspective. The one thing I want to add is about the options of retailers accepting bitcoin. If fiat is failing and hyperinflation exists and bitcoin is the "safe" currency, or perceived to be safer, then many retailers are going to accept bitcoin as a matter of staying with the currency that is working and strong.

Now, if the major currencies of the world are failing that means the major governments are failing, which means war, chaos, and civil unrest. Bitcoin may be a lucrative distraction but we'll be living in a brave new world.
1091  Other / Politics & Society / Re: hypothetical: ideas for destroying the U.S.A for foreign countries on: July 20, 2015, 01:43:50 AM
Agree with your two points with one exception - the best hackers (of any operating system needed to work electronics on a military scale) are American.

How many American's do you talk to that celebrate the bombing in Japan? You must be about 60 years old or older, associating with the generation slightly older than you that have deep rooted bitterness for Japan based on the Pearl Harbor attacks. Younger folks (than 60 yrs of age) don't have that same distrust for Japan nor celebrate the bombings that ended WW II.

As for the "trying to control every country comment" I agree that this perception exists and is reinforced by foreign policy. At times this has helped keep terrorist activity at bay (e.g., saving domestic and foreign merchant ships from Somali pirates) and at other times it encourages a strong dislike for the country...that's the burden they have to bare for the good they think their affecting.

Where does your interest in destroying the U.S.A. come from? Have you gone any further to put some action behind your rhetoric?
1092  Other / Politics & Society / Re: What is a social norm in America that you feel is ridiculous? on: July 20, 2015, 01:35:35 AM
The people act real stupid thing too much drugs...

Speaking of stupid, can you compose a single sentence that makes sense? If english is your second language we'll all give you a pass.
1093  Other / Politics & Society / Re: America: big egos, bad attitudes, no brains on: July 20, 2015, 01:32:48 AM
Ha, hypocrisy. Nothing says big ego, bad attitude, and no brains more than some one passing judgement on an entire country of people based on the comments or actions of one person - a boxer - who got his head bashed in and bashed others heads in for a living.

Care to apply an critical thought (brains), constructive discussion (attitude), or self humility (ego) in your bold claims?

Please don't talk shit if you can't back it up with fact and logic or at least demonstrate that you embody the qualities you blindly accuse others of lacking.

Cheers, mate.
1094  Economy / Economics / Re: How too get rich on: July 20, 2015, 01:25:43 AM
Play the bitcoin lottery.

1) Open a bitcoin wallet

2) Buy bitcoin...several...maybe 5 (off the top  of my head)

3) Hodl that bitcoin...hodl some more...keep hodling...

4) Once bitcoin price to fiat rises, you've won your lottery!
1095  Economy / Economics / Re: Video: The Biggest Scam In The History Of Mankind (Documentary) on: July 19, 2015, 11:20:59 PM
I agree with Mike Maloney on at least one point: "I believe that the best investment that you'll ever make in your lifetime is your own financial education" - Mike Maloney
1096  Economy / Economics / Re: Video: The Biggest Scam In The History Of Mankind (Documentary) on: July 19, 2015, 04:57:06 PM
Facts from the UN on the world's poor: http://www.un.org/en/globalissues/briefingpapers/food/vitalstats.shtml

98% of the people living on less than $2 a day are from developing countries. Efforts by Citibank and others to serve the "unbanked" my help bring some prosperity to these populations. How can we get access to bitcoin to them?

1097  Bitcoin / Bitcoin Discussion / Re: How good is trezzor wallet on: July 19, 2015, 04:47:19 PM
Negatives:
  • The wallet is very small, therefore easy to mis-place, lose, or have stolen if left around
  • It's electronic, so it is vulnerable to a battery wearing out or exposure to water and other elements

If stolen, can it be cracked or are the balances lost forever (if the owner doesn't have the private key held elsewhere)?
1098  Bitcoin / Bitcoin Discussion / Re: Teenagers and bitcoin on: July 19, 2015, 04:41:15 PM
Mobile apps and games for their phone or using forums to buy and sell things like video games or other items kids buy - these are the primary purposes (i see) that teenagers would use to transact bitcoin.

This is just in today's terms thought.

Five years from now buses, gas stations, convenient stores, bars, etc, could more readily accept bitcoin - i mean, let's certainly hope so! Also debit cards, like those issued by Xapo, that appear to be transferrable/"transactable" in bitcoin despite the retailers currency choice would open up all options.
1099  Economy / Collectibles / Re: [WTB] Casascius Coins on: July 19, 2015, 03:50:38 PM
I (very respectfully) still think you all are missing the point.

...

a multiplier is only really useful when two similar items that have different face values want to be compared for the purpose of valuation.

So, for example, if you wanted to compare a 2013 0.5 brass to a 2013 1.0 brass, you'd use face value multipliers to compare them?



Somebody's missing a point, not sure it's us

Nubbins, yes you could use a multiplier to compare the offer or bid price between the two. You could use it to compare what the prices are for a coin you plan to buy in the future - measuring where the market is now vs. where it's been in the past. Or you could use it to compare what you've paid across a variety of different Casascius coins in your collection.

If you think I'm missing the point you should take a moment to explain why.

You haven't, or maybe you can't because my logic and rationale supports the official economic definition of what a valuation multiplier is.

@MonkeyNuts, 1) Expand your view of who does and doesn't use multipliers, this is a standard economic term...the only people that don't accept it as a way to value similar assets is a few people on this forum. 2) A long time ago people thought the world was flat, just because it's what you've always believed doesn't mean you can't evolve your thinking. E.g., a year ago everyone selling Casascius 2011 series 2 coins discounted their value to the series 1 errors even though the series 2 has significantly lower mintage. I called this out and people disagreed with me, now I see people (including your self) referring to these coins as more rare (and therefore more valuable) than the 2011 series 1. Do some research before calling me out please.

I'm not picking a fight here, promise, just trying to share a way for people to think about and evaluate the values of these highly collectible coins. Everyone keeps telling me "oh that's ridiculous" yet no one has another definition for valuation multipliers or cares to try to prove me wrong.

Why not let economics help you make more informed buying decisions?!

EDIT: Additional resources for people:

Cointalk.com forum post about using multipliers to compare bullion prices to coin values: https://www.cointalk.com/threads/how-do-i-calculate-bullion-value.34500/

Using ratios to compare two similar items: http://cstl.syr.edu/FIPSE/DECUNIT/ratios/ratios.htm

Analyze investments quickly with ratios: http://www.investopedia.com/articles/stocks/06/ratios.asp
1100  Economy / Services / Re: Need someone from big metro to post in craigslist for me - $3 in bitcoin for you on: July 19, 2015, 08:40:26 AM
What are you selling? Impacts whether I'd want to get involved. Thanks.
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