I was wondering if there might be some manipulation of Mt. Gox prices today since it's the day that counts for the end-of-January bets that were placed on BitcoinSportsBook by the end of December. Someone could perhaps even play both sides of a trade at a particular volume to try to influence the "official" number of what the end-of-month value was.
Could be. Could not be. Who knows? |
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Everyone keeps telling me that bitcoins are still essentially worthless though? As far as an alternative to cash at this stage.
Not that's it worthless. It's just hard to exchange into dollars. |
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I suggest you try to earn bitcoins from bitcoiner in the mean time. If you help the economy out, we fork over some bitcoin. It's a mutually beneficial arrangement. However, turning them into dollars would be a difficult thing. So, if there are any local bitcoiners...maybe you could ask them to buy your bitcoin and give you dollars.
Don't ask me for jobs though, I am very hard to convince to pry bitcoin over.
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My account have nothing to attack.  |
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This seems like the most plausible attack to me also. I think the response will be up to Bitcoin's descendant currencies, in which incentives will be coded for all participants to be generators. This would naturally involve coded disincentives for generator farms and collectives that exist and weaken Bitcoin now.
The farms and collectives are already making one of the main strengths of Bitcon - a p2p decentralized currency network - not much more than a misleading advertising talking point. It's becoming more and more centralized, as more and more independent miners are forced out of generation, or into collectives...
There is little incentive for farms, collectives, and botnet to cheat. However, there are large incentive for the government to do so. |
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I now offer to write video games meant for advertising. You could give players and gamers referral code as award, or perhaps just use it as product placement.
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You should lower your auction price all the way to zero. We want as much revenues as possible.
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I will be doing the same with my future writing, spare a complete unlicensing. You may believe plagiarism is self-policing; however, I rather not take that risk. It seems only sensible to me to be credited to labor I have created. It is an extension of me and I want assured protection.
Experiment!Let reality be your best guide. |
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What a rip off. Pay people a stipend and and get rid of non-disclosure agreement.
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So, let's imagine a deflationary scenario sets in, causing (my hypothesis) people to reduce spending. The lack of spending causes companies to lay off employees to reduce costs. This further reduces the spending *BUT* increases the value of the remaining currency because you now have less currency chasing an equal amount of goods. HOWEVER, what if companies ALSO decrease production to save costs? Well, now you have a deflating currency chasing less goods - which wins? Will the price of goods go up or down? Depends, I guess on whether the economy shrinks faster than the money supply, or vice-versa. So, therefore, this forum's assumption (see earlier) that hoarders cause others' currency to become more valuable, is not necessarily a valid assumption. Then is just depends on whether the reduced-spending -> cost-cutting-and-reduced-production -> reduced-spending spiral becomes epidemic or not. The monetary powers have to walk a tightrope between deflation and inflation, trying to match the money supply to economic growth or decline.
People like me chase money by lowering our price so that we can acquire goodies. So labor can remain constant, or even increase in quality. |
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If you need some programming, writing, and drawing to be done, ask or PM me, please. I am sure we could arrange a project that match my limited skillset. I am not the most skilled worker in the world but I am willing to learn.
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http://www.bitcoinservice.co.uk/files/108 0.05 Price is dropping to new critical low. Anyway, I am in the midst of coloring and drawing more details. As you can see, it's fricking hard to make nice looking circles. Perhaps, that should be my next project, just a badass GPU box picture.
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You might want to try #bitcoin-otc, but note that not many would trust you based on your posting.
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You should have a link to the bid page under every banner so that people knows that you can buy ads using bitcoin like what projectwonderful do with their ads.
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danke got it edited  Don't saw anything in my email. |
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Anybody submitted an article to The Bitcoin Times yet? Deadline is tomorrow.
I already submitted mine.
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Imagine the bitcoin community and the bitcoin economy hosting a large writing community?
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You mean grammar?
Grammar is fundamental, but that's not all what I have in mind. The essay's thesis is why you should unlicense using my announcement as a hook-in. Thanks anyway, I seem to have found out what I should really focus on in the essay. |
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[...] but as long as there is support for ownership of capital determining production, rather than actual use of production determining production then there is support for government.
This concisely encapsulates the essence what I see as the fundamental contradiction in "libertarianism," which I have never seen addressed by the Auburn crowd. This is still offtopic. Please start your own thread. |
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