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721  Economy / Economics / Re: Inflation that's equally distributed. on: January 01, 2013, 04:20:50 AM
There is no way this can actually exist in reality.  Defining "people of a country" and distributing anything evenly is doomed to failure.
722  Economy / Economics / Re: What's a proper measure of economic growth? on: December 16, 2012, 02:17:32 AM

Jobs destroyed?
723  Bitcoin / Bitcoin Discussion / Re: Blowing up today on Reddit - go upvote!! on: December 12, 2012, 05:43:11 PM
wow, just saw that bitcointip bot. That's awesome.

Unfotunately it doesn't answer my messages ;(

Could it be down or am I doing something wrong?

/time traveler spotted
724  Other / Politics & Society / Re: 30 years ago I was warned about appliances spying on me in my home... on: December 12, 2012, 05:23:02 PM
Ten years ago I lived next door to a Quaker woman who was at Kent State and witnessed the National Guard shooting.  She would walk her dogs, and patrol the neighborhood late at night.  She thought the street lights were spying on her.
725  Bitcoin / Bitcoin Discussion / Re: Dwolla could be going away soon on: December 10, 2012, 04:16:03 PM
Good.  Dwolla is a pack of incompetent morons.

726  Other / Off-topic / Re: Solar AC Unit Experiment advice needed please on: December 07, 2012, 04:19:52 PM
Listen, here's the way to do this.  First, buy batteries with the lowest-voltage cells you can get.  If you're going to spend $1000 on batteries, get 6-volt golf-cart batteries at least, or perhaps even a battery of 2-volt forklift cells if you can find one cheap.  They will last longer, and losing a single cell won't be as catastrophic.  Secondly, make sure to get a pure sine wave inverter with a surge rating that's appropriate for starting an air conditioner compressor.  It takes a lot of power, but 2000 watts should be plenty as long as the inverter is well-made.  Consider a 24 or 48 volt inverter, depending on your battery bank.  Lastly, you definitely need more than 300 watt solar cells.  Even the smallest air conditioner uses around 600 watts while running.  If you want to run the air conditioner more than 3-4 hours a day, you'll need more solar cells.  And, lastly, yeah use watts and watt-hours because your calculations are all wrong.  Learn to use Google Calc.  A battery bank that's rated 400 Ah at 12 V can store 4800 Wh of energy, and will run an 800 W air conditioner for 6 hours.
727  Economy / Service Discussion / Re: Bitcoin-Central, first exchange licensed to operate as a bank. This is HUGE on: December 07, 2012, 09:54:22 AM
So, to recap:

  • Not a bank.  Not a PSP.  "Partnered with a PSP."
  • Bitcoins still not regulated.  Services that hold and transmit fiat money for others regulated.  Just as before.
  • Bitcoins not insured.
  • Still supporting US and UK users, only now without any USD/GBP exchange.

Ironically, your first act after becoming "licensed" is to make a public announcement insinuating that you are a "bank" and that Bitcoins are regulated and insured.  None of which, apparently, is true.

What marvelous value licensing thus brings to the Bitcoin community!  The value of marketing bullshit under color of law!

Of course, as demonstrated by this thread, none of this makes the least bit of difference to the uncritical legalists in the Bitcoin community.  All you have to do to gain their unwavering trust and support, apparently, is to say magical words like "regulated," "legal," "institution," "funds," and "insured" enough times to cause their higher faculties to shut down due to authoritative goodness overload, and they begin signing up for your service and handing over all their Bitcoins.

Ah well, regardless, good luck in whatever it is you are attempting to accomplish, I suppose.  Perhaps it will provide some value to someone.
728  Economy / Service Discussion / Re: Bitcoin-Central, first exchange licensed to operate as a bank. This is HUGE on: December 06, 2012, 04:52:32 PM
(or more precisely a PSP which is basically the same as a bank, just without the debt-money issuing part)

So, not a bank, but a payment services provider?
729  Other / Off-topic / Re: saw Girl Rob Bank video? on: December 06, 2012, 02:43:06 PM
See, with decentralized currency, cute, trashy girls in Bumblefuck, Nebraska wouldn't throw away their futures thinking that $6,000 is a lot of money.

Just another example of the mis-allocation of resources caused by fiat money.
730  Other / Politics & Society / Re: Harry Potter: A Satanic Conspiracy? on: December 06, 2012, 02:28:40 PM
Yeah, Harry Potter is sex magick.

"Something sliver-white, something enormous, erupted from the end of his wand"

disclaimer:  I have never actually seen or read any Harry Potter books or movies.
731  Other / Politics & Society / The Titanic insurance fraud of 1911 that ushered in the Federal Reserve on: December 06, 2012, 12:02:06 PM

Proof the ship that hit an iceberg and sank was not the Titanic, but its nearly-identical sister ship the Olympic, which had been damaged in a prior collision and denied insurance pay-out.

Among the victims was John Jacob Astor IV, the richest man in the world at the time, a friend of Nikola Tesla, and an outspoken opponent of the creation of the Federal Reserve.  Astor gained his wealth, in part, as a real estate builder, investor, and inventor.  Other prominent Federal Reserve detractors, such as Benjamin Guggenheim and Isa Strauss, also died on board.

The White Star Line, owner of both the Titanic and Olympic, was a subsidiary of JP Morgan's International Mercantile Marine Company.  JP Morgan was, of course, the largest banker of the day and the driving force behind the creation of the Federal Reserve.  Morgan had a private room on the Titanic, and was scheduled to be on its fateful voyage, yet canceled at the last minute.

"Futility, the Wreck of the Titan" was a novella published in 1898 about the wreck of a fictional "unsinkable" ocean liner sinking in the North Atlantic after striking an iceberg.

732  Other / Off-topic / Re: Living in the Woods Somewhere on: December 06, 2012, 11:33:09 AM
I suggest to look into building a "tiny house".  There are lots of websites with info.  If you make it 12' wide, it can be moved fairly easily if necessary.
733  Bitcoin / Press / Re: Bloomberg "Dollar-Less Iranians" story posted on infowars front page on: December 06, 2012, 10:56:38 AM
Why would anyone care what the army of satin uses for currency.
734  Other / Politics & Society / Re: Greece NY, Bullying, Racism, and Mocking of a Dead Child on: December 05, 2012, 03:47:20 AM
More race-baiting nonsense that has nothing to do with Bitcoin.

This post needs some TRUTH regarding this disturbing situation. Shawn, Amanda and Nick are not racist they have friends in all ethnic groups and lifestyles but that is not the point. They did however make a poor decision in the way they handled their anger and rage. The use of disparaging and offensive language is not acceptable and was directed at Alex only out of anger. Alex and Amanda were indeed friends until he wanted pictures of her vagina. Amanda refused on numerous occasions and when Alex figured he was not going to get the pictures he wanted. He would text very disgusting and hurtful comments to Amanda from his phone to hers. Yes I am sure the records exist. Shawn and Nick learned what was going on and tried to intervene and make Alex stop his assault on Amanda. Alex agreed to meet Shawn and put an end to the situation and yes there could have been a physical dispute or not but Alex didnít show. They just wanted the texting to end. The video is a result of all that anger and not being able to resolve the situation. Dave V is advocating for Alex and I believe only wants to see more hurt in this situation which is just as sad as the video. A person can believe they are doing the right action but without all the information how can one make a concise decision? How much hurt does it take to end hurt? Be well and God bless we are all very sorry for this situation and the way it was handled. Dave it would be nice if you removed the address it can only lead to more hurt. Once again be well. This is all so sad and heavy on our hearts. Alex gave Amenda the hoodie which he bought in DC, then wanted it back after the picture and texting thing. The boys were the ones that went to return it but Alex would not meet them to get it.
735  Bitcoin / Bitcoin Discussion / Re: Stopping fraud masterstroke on: December 05, 2012, 03:27:56 AM
Confirming payment is pretty simple.  Gavin has a proposal for signed invoices and receipts, which honestly can be accomplished already with a few command-line programs.

The problem isn't confirming payment.  The problem is that the Bitcoin economy is so small, and disperse, right now that trying to enforce any kind of remuneration against someone a thousand miles away is near impossible.
736  Other / Off-topic / Regulatory Arbitrage on: December 04, 2012, 10:24:39 AM

In 2010, a company called "Bioversel Trading Inc." apparently paid CN Rail to ship the same trainload of biodiesel across the US/Canadian border 24 times, at a cost of $2.6 million.  The reason is not clear.
737  Bitcoin / Bitcoin Discussion / Re: Is Ripple a Bitcoin Killer or Complementer? Founder of Mt Gox will launch Ripple on: December 02, 2012, 06:59:04 AM
Which coins are the "more private" type I wonder?

Unless they are one and the same, neither will be private.

So, there's your answer:  Ripple is a Bitcoin-degrader.

Basically, a digital version of the existing, failed credit-money system, brought to you by the same idiots who have been trying to turn Bitcoin into a more Orwellian, digital version of the existing, failed monetary system over the past two years.
738  Economy / Economics / Re: USD is backed by the fact that IRS only accepts it for taxes... on: December 02, 2012, 06:54:23 AM
Actually, it is backed by a much larger and more important entity that only accepts payment in USD.  But, same concept.
739  Bitcoin / Bitcoin Discussion / Re: jgarzik goes berzerk in #bitcoin-dev, wtf? on: December 01, 2012, 01:29:21 PM
Nothing like an otherwise irrelevant display of irreverent free speech to bring out the uncritical Legalists among us.

I see this kind of chess game, USA Government Vs garzik and foundation members:

This is perfect.  Unfortunately, only perhaps 1% of those here will actually understand it.
740  Bitcoin / Bitcoin Discussion / Re: Is Ripple a Bitcoin Killer or Complementer? Founder of Mt Gox will launch Ripple on: November 30, 2012, 08:56:18 AM
While ripple might eventually be a great alternative to bank loans, it is still a debt system. Any debt system could collapse when there is a "run on the bank." With ripple, a run on the bank would happen when everyone decided they wanted to call in all their debts from a large borrower. Only then would you know if there was actually enough BTC currency to back the debt. Chances are the answer would be no; debt systems lend themselves to fractional reserves.

This is my analysis as well, with the exception that I think it would probably work the other way around, with borrowers defaulting and basically the entire system becoming insolvent.  Regardless, I expect it to be regulated straight into oblivion, for exactly this reason.  Finally, those who have been calling for a regulated crypto-currency will get what they've asked for.
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