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621  Bitcoin / Press / Re: 2013-02-06 NPR - Is Online Gambling Legal With Bitcoins? on: February 06, 2013, 06:15:02 PM
What I find extremely annoying is this obsession by people about what is and isn't legal.

I mean as if something being legal is the only form in which people can perform it. Pisses me off.

Personally I don't give a shit about what is legal, what matters to me is the reality - there is this gang of thugs and if I want what's good for my health and wealth I should try my best to only do stuff that they can't find out about or stuff that they currently do NOT go out looking to exert violence upon people who they catch doing something.
622  Bitcoin / Bitcoin Discussion / Re: If bitcoin succeeds... what will be the greatest contributing factor? on: February 03, 2013, 09:00:51 PM
Quote
   
If bitcoin succeeds...

What do you mean "If"?  Huh
623  Bitcoin / Bitcoin Discussion / Re: 10/90 - how rich/poor are the forum users on: February 03, 2013, 11:00:43 AM
If anything this thread confirms beyond the first address that someone publicly proclaims is theirs it's pretty much impossible to know for a fact who owns what.

For example, I'm shown to own an address (and I do own it), that's empty. But I'm not shown to own another address that I used to advertise nor any of my other addresses with bitcoins..
624  Economy / Long-term offers / Re: Hashkings Lending,Deposit 1.25% INSURED, ALL PPT ACCOUNTS CLOSING ON 8/19 on: February 03, 2013, 10:52:19 AM
My attempt to get assistance from the attorney general of Illinois was rejected, here are the documents for posterity: http://imgur.com/a/qey0E

Additional details uncovered during the investigation are available here: https://docs.google.com/document/d/1JOR8xssD8Ec9j_N3R4_MJapQoGALy5RBDTJdQZIrFlE/edit?usp=sharing

It seems so far legal attempts at reconciliation have failed. I'm open to suggestions.

YES! Oh man this is so awesome to hear. You little thugish crybabies wanted to run to daddy state so he could whip out his belt and put pirate over his knee and whip his ass but now you're left with NON VIOLENT OPTIONS and mostly a valuable life lesson.

This couldn't have ended better!
625  Economy / Economics / Re: Inflation and Deflation of Price and Money Supply on: February 03, 2013, 01:01:36 AM
An excellent post that I'll sticky so people can learn from.
626  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: February 02, 2013, 07:52:21 PM
Thanks thefiniteidea for the clarification between the two.  it is useful to be able to differentiate with clear terminology of what is meant rather than my more vague notions.

Also your presentation of price, value, supply, demand and the relationship between them in relation to market analysis is educational.  Appreciated Smiley

Thanks man, absolutely agree. You were spot on earlier, just been feeling a need for some time to go in-depth on this one Cheesy

may even re-post as a topic to bring the whole community even further down this rabbit-hole...

Feel free to make a new thread out of that excellent post in the main economics section Wink
627  Bitcoin / Press / Re: 2013-02-01 americanbanker.com - PayPal's File-Sharing Restrictions Drive Merchan on: February 02, 2013, 01:03:56 PM
What I would like to know is what BitPay is going to do when they come under the same kind of litigious pressure that PayPal did.

I would too. But then again who cares if BitPay is forced to drop them. They can still accept payments themselves..
628  Economy / Economics / Re: Will bitcoin become too expensive to spend? on: February 02, 2013, 12:15:29 PM
And days like this, when the exchange rate drops a few % overnight I wish I spent some when it was at it's peak  Cheesy

So yeah, "Will bitcoin become too expensive to spend?" my answer is a definitive NO.
629  Bitcoin / Hardware wallets / Re: [ANN] Trezor: Bitcoin hardware wallet on: February 01, 2013, 04:21:50 PM
Any ideas how much longer you will need to bring this to the market?
630  Bitcoin / Press / Re: 2013-01-31 ECB concern for Bitcoin gets attention (again) on: February 01, 2013, 09:25:00 AM
Quote
For an excellent examination of the ECB report back in October, look to the BitInstant blog.

Well that's something I would have never expected to see, amazing job Erik!
631  Economy / Economics / Re: Regression theorem & Bitcoin revisited on: January 31, 2013, 06:39:30 PM
How do you define Intrinsic in an economic context?


For arguments sake, let's use your definition.

How can i ever understand your standpoint if you don't want to give me a definition?

But you gave yours and for argument's sake I agreed with it. What more do you want?
632  Bitcoin / Bitcoin Discussion / Re: Your Current Fav Exchange (Excluding Mtgox) on: January 31, 2013, 06:07:00 PM
+3
633  Bitcoin / Press / Re: 2013-01-30 seekingalpha.com - The ECB Worries About Competition From Bitcoins on: January 31, 2013, 05:06:34 PM
BTW anyone who read the full ECB report knows that what all these claims by reporters that the ECB is somehow worried about competition is nothing but an outright lie.



What the report actually said is that if Bitcoin became widely used they, as arrogantly self proclaimed guardians of economic stability, could face angry constituency if a problem with Bitcoin should lead to economics problems, a constituency that might blame them for inaction before those problems arose and that it is in this regard that Bitcoin potentially endangers their reputation.

Of course this is bullshit, but that's what they really said and not what all these reporters are saying while taking bits and pieces out of context just so they can conjure up some sensationalist title that will get more views.
634  Economy / Economics / Re: Will bitcoin become too expensive to spend? on: January 31, 2013, 04:11:13 PM
since we will always have another fiat to consider

We will? I could foresee a day not to far into the future where all I own is gold, silver and bitcoins. And any fiat I may get I'd instantly exchange for one of the three, or any fiat that I'd have to use because there was no other way I'd just exchange one of the three into it when I needed it. And under such circumstances I'd probably spend my bitcoins in my daily life without thinking much about it.

I don't know. But if the market stays this volatile, i think it would be pretty dangerous to hold a large amount of Bitcoin as your main currency. One day you could be rich, the next, a pauper.

And then rich again. Maybe.

LOL The exact same holds true for fiat currencies. You should speak to Iranians or Belarusians when their fiat overnight bought 50% less.
635  Economy / Economics / Re: Regression theorem & Bitcoin revisited on: January 31, 2013, 03:56:22 PM
I regularily explore mathematical spaces through graphic representation.
I calculate the hell out of things and then i throw away the results without assigning value to them.

Really? So what's the point in doing that if you don't assign any value to it? Random acts of your brain?

BTW you are starting to make more and more absurd arguments about semantics and I'm starting to really lose interest discussing this with you.
636  Economy / Economics / Re: Regression theorem & Bitcoin revisited on: January 31, 2013, 03:53:22 PM
How do you define Intrinsic in an economic context?


For arguments sake, let's use your definition.
637  Economy / Web Wallets / Re: Blockchain.info - Bitcoin Block explorer & Currency Statistics on: January 31, 2013, 03:30:15 PM
piuk, I have a couple of privacy questions.

Let's say I enable notifications but then after a while I disable them. My question is, after I turn them off, any new key pairs I generate, can blockchain.info see the Bitcoin addresses and tie them to my email I had previously notification enabled to?

Also, is using an email for sending backs in anyway diminishing the privacy of my Bitcoin addresses?

Thanks in advance for taking the time and answering these questions!
638  Economy / Economics / Re: Will bitcoin become too expensive to spend? on: January 31, 2013, 10:58:40 AM
since we will always have another fiat to consider

We will? I could foresee a day not to far into the future where all I own is gold, silver and bitcoins. And any fiat I may get I'd instantly exchange for one of the three, or any fiat that I'd have to use because there was no other way I'd just exchange one of the three into it when I needed it. And under such circumstances I'd probably spend my bitcoins in my daily life without thinking much about it.
639  Economy / Economics / Re: Will bitcoin become too expensive to spend? on: January 31, 2013, 10:16:58 AM
I actually found myself regret, although temporarily, using bitcoins to pay for three drinks at the meetup in Bratislava last Sunday and even though it was just 0.46BTC I wish I used my fiat instead. But that's only because I had these two options.

If all I had was bitcoins and if I'm honest I don't know how I'd feel about it. I speculate it is possible I may save more and spend less but I'd still use Bitcoin for my everyday shopping that I have to do in order to sustain my life.
640  Economy / Economics / Re: Regression theorem & Bitcoin revisited on: January 31, 2013, 09:34:15 AM
Its intrinsic value it how much it is worth to you without the wow environment.

Wrong.

That wow character doesn't exist by itself. It only exists when "alive" within the wow game with all it's properties.

Same goes for bitcoins, there's no such thing as just bitcoins. Bitcoins only exist within the whole package, the blockchain, the peer to peer network, the mining, ect.. the whole shabang.
By now i'm just going to blatantly ask you (to prevent us from debating different definitions of the word):
How do you define the word intrinsic in the context of valuing?


How do you define it?

I asked first but anyway.
I define it as the value you assign to something when you can only trade it for nothing.
It is the value something is assigned to when not having its price modulated by trade.

Ok, and how does mining bitcoins when only a small group of programmers ran Bitcoin back in 2009 and 2010 not fit that definition? They weren't trading those bitcoins for anything and yet they were actively spending labor to acquire them. Are you going to tell me they didn't see some sort of value in them even though they couldn't trade them for nothing?
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