EDIT: Just read the article. Actually the writer doesn't think that Bitcoin being like North Korea is a big deal. What else can I do?  Actually he doesn't comment on whenever it is a big deal or not. Despite that it is kind of important because an excessively high gini-coeffcient does yield stunted economic development. |
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Oh wise satoshi, supreme leader of our people.
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that wall will poof so fast after just 100btc of volume sold above it. There are no bids accumulating so the wall owner seems to take them out regularly.
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This is FUD. Read it properly like this: Re-posted as good news: "Huobi have now switched to funding using a business account where as previously account funding was being made to the CEO's personal account. The option to fund to his personal account has been removed. This could be good news because the bank has obviously agreed this is OK. RMB transfer to Huobi's business bank account with China Construction Bank, also registered in Shangdi, Beijing, account number 1100 1045 3000 5301 4342 (does Not support ATM deposits or third-party transfers)." http://www.reddit.com/r/Bitcoin/comments/1v0y3m/huobi_account_funding_switched_to_a_bank_business/The question is: For how long? |
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I'll just add that that article is a large part of why I jumped on Bitcoin as soon as I found out about it and understood its fundamentals. Curious, what does the article say why this is bad? I can't make out any argument, just a prolonged statement that it is. Oh and the analogies suck. (The fear mongering too) |
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me neither, but then why are you still posting?  |
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This is a bitcoins speculation forum. What the f*ck has ripples got to do with anything. Thats not paranoia it boredom if anything. I'd rather talk about other alt coins if I must divert from bitcoins. Peercoins are interesting
You're showing by far not the typical response, if all there would be to it I wouldn't have seen any reason to create this thread in the first place. |
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Why does ripple keep popping up here? is there not a ripple forum somewhere else on the internet? This is bitcoins. I've listened to the ripple arguments why its so good and I'm not interested.
IDK, this is kind of the point of this thread, although it gets derailed constantly. I don't mind, since that strengthens my point. |
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Understanding Bitcoin compared to this is a total doss. I've read plenty about Ripple and still don't have much of a clue.
Perhaps in the future people will use it without knowing but it's of zero interest to me and it would give the average person a stroke if they attempted to master it. May whoever does throw some money at it profit nicely.
It's not that complicated rally if you already understand how Bitcoin works. Some of the biggest ripple boons are Bitcoiners, at least the ones not into making a cult out of it. |
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What is with the Ripple fanboys and their relentless need to post about Ripple all over the bitcoin forums. It's almost like they are trying to pump up the value of XRP.
I remember this rhetoric before Litecoin became big, and those who used it are now too butthurt to even post on the forums.... I'm willing to gamble that any system that allows people's money to be taken away without their consent or knowledge will never become big. Gladly that's not ripple. tl;dr how do I mine nipples and is it worth it?
Hopefully you will only ever have two nipples! The wcg giveaway can be discussed hereYou could've just said 'you can't' and 'no' instead of sending me off to some forum full of people moaning about how shit their returns are once you are finished gloating get ready for the inevitable collapse of hubris |
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Anyway anybody with half a brain probably gets it by looking at this chart:  These type of charts need log-scale or something similar. I would be much more interested in knowing what the average yearly % increase in monetary supply is, than a chart that says "omfg, look how high this goes". agreed. |
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The long-term chart shows even more that fiat is suffering from each round of QE just as a heroin addict suffers each time he rides the dragon.
Yellen is a raving money-printer. No improvement in sight.
[snip]
no doubt you gonna show up parroting the same ramblings debunked in the previous post. |
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Even if the FED is lying and the author is an idiot the US doesn't appear to head into an area of hyperinflation. And actually there is an article which explains what the FED actually think it is doing, it's too complicated for me but since you claim to know all about economics perhaps you get something out of it. http://www.newyorkfed.org/research/current_issues/ci15-8.pdfInflation is inevitable once that money fully enters into circulation. Precisely where that money went and what it's being used for is not a matter of public knowledge. But you can bet that it won't just sit somewhere. All the goldbugs are saying is "They created a tremendous amount of money over a very short period and it will eventually be used. The question is when and how." The question is will you be around by then? And the point is, yes exactly it just sits somewhere, just the FED pays interest on it, just like the bank pay the fed on another part of their funds. They can regulate how much interest they pay and as such better adjust liquidity for inter-bank loans. |
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Anyway anybody with half a brain probably gets it by looking at this chart: Of course when you purposefully deny the possibility that what the economic collapse next week bloggers tell you is wrong you might choose to ignore it. Lol, that article is a hoot. For instance: Or, rather, all the money that's been created is sequestered from the actual economy and may as well not exist for most purposes. That chart shows the monetary base expansion under TARP and QE1,2,3. The money is used to buy gov't bonds or other financial assets. That is the official claim from the Fed. Either the Fed is lying or the author is an idiot. If the author is correct, the Fed is lying. In this case, the money is probably parked in the banks waiting to cover a massive, anticipated run on bank accounts. Chances are, however, that the author is a moron and the money is simply being injected into the world economy at some unknown rate. Even if the FED is lying and the author is an idiot the US doesn't appear to head into an area of hyperinflation. And actually there is an article which explains what the FED actually think it is doing, it's too complicated for me but since you claim to know all about economics perhaps you get something out of it. http://www.newyorkfed.org/research/current_issues/ci15-8.pdf |
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Speaking of ignore, why can't I see that pretty piss yellow ignore color of yours? Are your posts improving?
No theymos turned off the feature, actually I think I have overtaken at least smoothie by now. He wrote something about it requiring to many server resources or something. yup, i miss ignore :/ maybe we should start a fund raising drive so this forum can afford new hardware? haha good one. |
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Speaking of ignore, why can't I see that pretty piss yellow ignore color of yours? Are your posts improving?
No theymos turned off the feature, actually I think I have overtaken at least smoothie by now. He wrote something about it requiring to many server resources or something. |
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Anyway anybody with half a brain probably gets it by looking at this chart: Of course when you purposefully deny the possibility that what the economic collapse next week bloggers tell you is wrong you might choose to ignore it. |
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tl;dr how do I mine nipples and is it worth it?
Hopefully you will only ever have two nipples! The wcg giveaway can be discussed here |
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Well, if electricmucus says so, it must be true.
Well in this case it's this slate.com blogger, not me. |
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What is with the Ripple fanboys and their relentless need to post about Ripple all over the bitcoin forums. It's almost like they are trying to pump up the value of XRP.
The ignore button is a useful feature. If you are posting in a thread created by somebody you are committed to ignore you are doing it wrong. |
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