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Yeah, the bernanke is sending his $1000 per day to Mt. Gox as we speak ...
hahahhahahahahahahahahahahaha ... there are no big doors to entry here, it is for the little people.
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Closing in on Silver oz. parity ....
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Except owning it for fun, which is a very weak argument. You are undervaluing fun by a long, long way. The regression theorem in its essence just says that if you can bootstrap a tradeable commodity it will become money. Geek fun is as good way as any to bootstrap, or pizzas, or alpaca socks ..... value is pretty agnostic on origins once the ball is set in motion. |
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Not really and you would be a complete idiot to think a monetary revolution as profound as this is the same as the pump 'n dump operation on wall st. 10 years ago was the same ... stock options, yeah right. Edit: for your efforts for the master control program you get one of these. http://www.youtube.com/watch?v=PYw2nj36NCM&feature=related |
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Go, China! Go, China! Go!
Ha! ... China just got dealt to. I think we are in the clear people. |
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Yes you can. But you will need to separate the cards somehow to stop the "stack" building up too much heat on the GPUs in the center. Also you will need to re-route power bypass around the mobo rails or else you will start frying mobo power rails and connectors. Lucky there is a solution! https://forum.bitcoin.org/index.php?topic=6128.0These PCIe ribbons lets you move cards away from each other to run cooler and also has option with power cores broken out to connect straight to molex power connector .... it bypasses around the mobo power rails ... you'll be safe now. |
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You can use PCIe riser ribbons with power cores broken to bypass power going thru mobo ... "more power to the GPUs"  https://forum.bitcoin.org/index.php?topic=6128.0keeps those the mobo power rails running coooo .... ool Its a goldrush, you can tell your grandchildren you were there. Have fun guys. |
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Great, so bitcoin is going to pit the CIA et al against the DEA et al
let's see who else? the FBI come in behind DEA, NSA probably CIA, DIA fathered Tor, SS are branch of treasury so they go on the blue team
{CIA NSA DIA} vs {DEA FBI SS}
bitcoin in the middle ... looks ripe for an anagram.
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Looks like a lot of taxpayer money will be spent trying to shut us down. .... my hunch is there is a great truth to this .... budgets are tight, new "threats" are always a welcome reason to expand the parasitical classes. |
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Understanding something is not the same as agreeing with it.
If you believe that hot dogs are a good substitute for free-range chicken, then by all means, eat hot dogs. Just don't expect the rest of us to follow suit. And don't expect us to pay for your health care. Expect us to laugh at you as you die of organ failure or heart attack.
Especially don't expect us to allow you to force your beliefs onto others through overpopulation, arbitrage, and inter-generational debt-slavery.
Actually, I substituted free range chicken for free range duck when it became affordable. Duck fat is high in Omega-good-for-ya-whatchits and tastes better too ... mmmm, mmm. The problems you allude to are either non-existent myths spread to fog the debate around monetary mismanagement or try to scare you to give up your freedoms. Do the math if you dare. Resource substitution, its lets you live like only the kings from yesteryear could have imagined! Get some now! Edit: Also I enjoy baked salmon from the father of all resources, a farm. If you have ever farmed you will know what I'm talking about. |
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It is pointless arguing with the guy on this one ... I tried.
He doesn't understand RESOURCE SUBSTITUTION THEORY (google it) or even understand how to define what a resource is.
There appears to be a whole sector of society brainwashed with this greenie-socialist doom and gloom propaganda .... sad but true.
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some thing else WILL TAKE ITS PLACE. Yeah. Bitcoin in its current implementation may die out, but the idea will live on. Perhaps soon we will have exchanges for the competing cryptocurrencies. The future is here https://exchange.bitparking.com/main |
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So women have finally discovered bitcoin?
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Yeah, unfortunately with transaction fees you have to deal with the velocity of money. In a deflating currency, the velocity of money declines, less transactions, less fees. The numbers you have created are pure speculation. You stopped at the final hurdle. (remember this is in far, far future when btc is actually deflationary) Velocity of money declines, less transactions, less fees .... less fees, less mining, difficulty eases ... difficulty eases, valuations decline slightly (inflationary expectations creep in), people start spending ... velocity of money increases, more fees, more mining .... until velocity of money declines ... begin loop again, it will track the demand for money. It appears there is a self-regulating mechanism built in even in the far, far future when your grandkids might be debating these same things. (Be careful, they maybe reading what you write today). |
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Good luck, Fhtagn! Here's a strange coincidence - I just happened to begin reading some Lovecraft when you made this post. I cannot hazard a guess at the fortune of this.
Reading a book and spamming multiple forum threads simultaneously, are you some kind of AI bot? |
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The UN is yet another example of a failed organ of centralised control and propaganda.
If it serves your purpose to seek doom in the future you will find it since the future is unpredictable, particularly further out than 5 days.
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There is network effect of money to consider here also. The fact that bitcoin protocol is P2P may have imbibed it with an inherent potential to be money from the beginning, regardless of the regression theorem. It is a new and interesting line of reasoning.
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Unfortunately, I think WE might be the monkeys... The senator is off screen, trying to convince the alpha male of the tribe to throw rocks at it from the cliffside. Your use of WE in that statement is exceedingly liberal. While you cower in fear and beat the drum of defeat the real WE is .... oh yeah, we're mining bitcoins, get into it or get out of the way lest you be trampled by the freedom seeking mob. |
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