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Maybe instead of tags, we could have a crosspost feature that allows posting a topic in two sections. The full tag system seems like it would be hard to manage, with a load of tags.
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Heh. Among the engineering feats (purportedly) of Zhou is the ability to convert Libertarians into Socialists. It's OK. I don't mind if some of my tax dollars go toward helping seek recompense for any member of society who was wronged...even given the questionable judgement of entrusting half a million $$$ to a minor in Asia and/or a handful of bozos living under the British crown.
Not believing in the current system doesn't mean not using it. |
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Another one of these. If another shows up, I think I'm going to go long on... oh wait, Bitcoinica belly up. Darn.
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Coblee's secret CPF for LiteCoin?  Not being serious. |
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Also https://blockchain.info/charts/network-deficit which shows the difference between transaction fees and the bitcoin miners income from block rewards. In theory this should be positive eventually but there is a long way to go yet. Interesting how a lower value is better right now, but eventually a higher value will be. |
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Problem: they don't know what online, internet, email, scanning and emailing is. Not joking, they really don't know ANYTHING about computer. And, worst thing, they don't want to learn about it.
Who do you think bought the first generation of home PCs? Who do you think was using bulletin boards and usenet before the www existed? Who do you think was signing up for internet and mobile phone services back in the day when those were extremely expensive, buggy technologies? The middle-aged people. Old people are generally defined as people over 70, who were in their prime when computers were still barely small enough to fit in universities. |
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Ok makes sense. So what you are saying is it wont really have a big negative or positive effect? Will remain fairly constant?
Exactly. What happens in mining doesn't affect the price all that much. |
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Hi, Just out of curiosity I want to know if anyone can give a rough speculation of what will happen when the Butterflylabs new miners hit the market. At my last count at this thread: https://bitcointalk.org/index.php?topic=89685.0;topicseen the total hashing power added to the network by ONLY the people there will be roughly 22662 GH/s. What effect will this have on Bitcoin etc. I assume the difficulty will go up like mad but what will happen to the price of bitcoin? My assumtion is that it will plummet to the ground as supply wil drastically increase. Another question is, will the 50 -> 25BTC happen sooner aswell now? Supply increase will be counteracted by the former miners who will need to buy BTC instead of mining it. The huge amount of GPUs to be dumped for BTC will also boost the price. |
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How many times have I said here that free markets destroy natural capital which undergoes a non-reversible process for consumption? Answer: I have said it many times.
A diminishing resource results in higher prices. This draws ever more effort and technology to harvest said resource to its end.
You're forgetting the fact that in free markets, the people who are destroying the natural capital in our current society wouldn't be allowed to destroy it, because it isn't their land and there's no government to let them do it. |
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The OP seems to be all about politics, specifically that practiced by environmentalists who want to use violent force (directly or by proxy) to achieve allegedly "scientific", ultimately tyrannical, ends. Why try to decouple politics from its inextricably linked "science" (which, in this case, wouldn't exist if tyranny and the bankroll thereof, didn't). Do environmentalists have that little faith in their "science" that they can't stand it being criticized for what it is? An instrument of control and ideally, the eventual extinction of the human race?
Way before politics was discovered or invented, there was science. LMFAO. /endthread . Gotcha! Ever since humans have been organizing themselves into groups, politics has existed. /endthread Uh, no. Politics refers to the science of running states, true ones which did not appear until 2100 BCE in Sumer (now Iraq). Thousands of years ago, there was still science without states. Thanks for that highly debatable estimate without a source. How very "scientific" of you. Science?: 3500BC, in the Uruk period, according to your link Politics?: The Ubaid period ca. 6500 to 3800 BC at the very least, if not dating all the way back to tribalism/primitive democracy That source mentions neither a government nor a state. This source states that Sumer was the first state to gain a government. |
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The OP seems to be all about politics, specifically that practiced by environmentalists who want to use violent force (directly or by proxy) to achieve allegedly "scientific", ultimately tyrannical, ends. Why try to decouple politics from its inextricably linked "science" (which, in this case, wouldn't exist if tyranny and the bankroll thereof, didn't). Do environmentalists have that little faith in their "science" that they can't stand it being criticized for what it is? An instrument of control and ideally, the eventual extinction of the human race?
Way before politics was discovered or invented, there was science. LMFAO. /endthread . Gotcha! Ever since humans have been organizing themselves into groups, politics has existed. /endthread Uh, no. Politics refers to the science of running states, true ones which did not appear until 2100 BCE in Sumer (now Iraq). Thousands of years ago, there was still science without states. |
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The OP seems to be all about politics, specifically that practiced by environmentalists who want to use violent force (directly or by proxy) to achieve allegedly "scientific", ultimately tyrannical, ends. Why try to decouple politics from its inextricably linked "science" (which, in this case, wouldn't exist if tyranny and the bankroll thereof, didn't). Do environmentalists have that little faith in their "science" that they can't stand it being criticized for what it is? An instrument of control and ideally, the eventual extinction of the human race?
Way before politics was discovered or invented, there was science. LMFAO. /endthread . |
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Add an option: Media coverage due to Bitcoinica debacle.
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Reading this thread one might be tempted to believe that the future can be predicted, which it cannot.
Of course the future can be predicted. The sun will rise tomorrow where I live. There will be a solar eclipse on April 8, 2024. Unfortunately, predictions for Bitcoin's future are less obvious and certain. |
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