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81  Bitcoin / Bitcoin Discussion / Is there any organization that will state in writing your net worth in bitcoin? on: September 02, 2013, 10:31:42 AM
I'm currently engaged in a couple of different endeavours, for both of which I need to demonstrate my financial standing.

I haven't been working for a little while, but I do have some net worth in bitcoin.  I'm wondering where I can get a written statement to that effect.  I do know that I can prove I own an address through signing, but I doubt that will be good enough for the bureaucrats.  Is there any way I can prove it to a third party, and have them provide documentation to that effect?
82  Other / Politics & Society / Re: a trivial change in language that would certainly cause world peace on: August 29, 2013, 09:15:01 PM
Reading the title of this thread, I thought the proposal was to change the definition of "world peace" to something more achievable.
83  Other / Off-topic / Re: question about exchange standard practice on: August 08, 2013, 06:47:10 AM
So, I did use the terms correctly in the OP?

Anyways, thanks for the info.
84  Other / Off-topic / Re: question about exchange standard practice on: August 08, 2013, 05:11:09 AM
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When you place a limit order the engine will try to match it against existing orders.  If it can be executed it will.
Specifically, it will be executed at the price of those existing orders, right?

Just to clarify, is a bid a buy or sell offer?
85  Other / Off-topic / Re: question about exchange standard practice on: August 08, 2013, 05:03:45 AM
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If $100 order was already on the books and someone placed the $60 sell then the reverse would happen.
Meaning, the order executes at $100?

So basically the order is executed at the price the first person specified?  Or, in other words, the margin goes to the person who placed the order second?

If so, that makes sense.  Thanks.
86  Other / Off-topic / Re: question about exchange standard practice on: August 08, 2013, 04:47:54 AM
Sorry, I may have gotten the terms "bid" and "ask" confused.  I mean one person is selling for $60 and one person is buying for $100.
87  Other / Off-topic / question about exchange standard practice on: August 08, 2013, 04:36:37 AM
If there's a bid for, say $100, and an ask for $60, who gets the $40 margin?

What's the reasoning behind that answer?
88  Bitcoin / Bitcoin Discussion / Re: How can we reduce our reliance on MtGOX? on: July 04, 2013, 07:05:45 PM
That, in addition to the weakness of relying on a central exchange for pricing from what I can see.
89  Bitcoin / Bitcoin Discussion / Re: How can we reduce our reliance on MtGOX? on: July 04, 2013, 06:10:17 PM
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gox just have to disappear
What's to stop another centralized exchange from taking its place?

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I use the OTC, And as far as i can tell, Mtgox doesnt touch me atall aside from Price.
Price is not a small thing.

How do you transmit fiat with the OTC, out of curiosity?

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Ripple. Just sayin'.
I hope it works.
90  Bitcoin / Bitcoin Discussion / Re: How can we reduce our reliance on MtGOX? on: July 04, 2013, 05:40:18 PM
Could you explain, in layman's terms, how such a system would work?  I have trouble picturing it.

In a sense, localbitcoins is decentralized, but it still relies on mtgox for price discovery.
91  Other / Politics & Society / Re: What does Yemen teach us about gun control? on: July 04, 2013, 05:38:01 PM
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My dad visited Yemen on UN work, and he said shopkeepers regularly left gold items unattended Smiley going out for gossip, etc.
I've heard that about other Muslim countries, so the number of arms in Yemen may not be the full reason for that.

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USA and Switzerland both have some of the freest gun laws and one of them has one of the highest gun crime rates in the world and the other one of the lowest. societies are just too complex to draw any causal relationship from correlation or lack there of. much better is just to think through the implications logically.
That's probably true.

@FirstAscent- Have you done any sort of formal statistical analysis on that dataset?  Just eyeballing it may not give you the full story.  Besides, the number of firearm related deaths isn't a very useful statistic.  All a correlation would show is that when guns are available, people use them.  It's the amount of crime we're concerned with, not the tool used to commit them.
92  Bitcoin / Bitcoin Discussion / How can we reduce our reliance on MtGOX? on: July 04, 2013, 05:12:06 PM
I've been seeing a lot of talk about how relying on a single exchange makes the bitcoin system vulnerable.

I know there are other exchanges, but I can't see what they offer to distinguish themselves from Gox.  This seems like an industry where economies of scale are in place.  Gox has a natural monopoly of sorts.

There are also things like localbitcoins, and the possibility of spending the bitcoin.  The problem here is these systems still rely on MtGOX for price discovery.

What alternatives could there be that would provide both exchangibility and price discovery?
93  Economy / Economics / Re: is my homework correct? agg supply/demand question. i'll give ya .015btc on: July 03, 2013, 02:25:19 AM
Oh I see, so the answer was given automatically after you submitted the assignment?

Well, see you around.  Good luck with the rest of the semester.
94  Economy / Economics / Re: is my homework correct? agg supply/demand question. i'll give ya .015btc on: July 03, 2013, 02:19:07 AM
You mean you got graded already?  Like, your class is right now?  Talk about timing. Smiley

Thanks for the money and the feedback.  I guess I should return the favor.  How do you leave trust feedback?
95  Economy / Economics / Re: is my homework correct? agg supply/demand question. i'll give ya .015btc on: July 03, 2013, 02:03:35 AM
If you insist.  Wink  Let me know the result, at least.
96  Economy / Economics / Re: is my homework correct? agg supply/demand question. i'll give ya .015btc on: July 03, 2013, 02:01:20 AM
I think that's the expected answer.

Maybe you should hold off on sending until you find out if anything I've said is right.  Tongue
97  Economy / Economics / Re: is my homework correct? agg supply/demand question. i'll give ya .015btc on: July 03, 2013, 01:42:41 AM
Down, if I'm not mistaken.  If I understand correctly, the supply curve represents the cost of production.

Again, take this with a grain of salt.

EDIT: Sorry, I misspoke in my last post.  I was describing an INCREASE in oil prices.

A decrease in price would cause "demand" to go up in the sense of movement along the demand curve, but it wouldn't move the curve itself.
98  Economy / Economics / Re: is my homework correct? agg supply/demand question. i'll give ya .015btc on: July 03, 2013, 01:37:23 AM
At any rate, if you don't move the supply and demand curves, the equilibrium doesn't move, so it doesn't make sense to mark it.

Quote
then again, if oil prices go down, demand would go up. supply would follow in order to stay on the long-run ag supply line?
No, the demand curve wouldn't change in theory.  The supply curve would be higher, so the price might go up while the quantity Q remains the same or lower, but that's not the same thing as the demand curve moving.  Your assignment is about the short run, so don't worry about how the market will react.
99  Economy / Economics / Re: is my homework correct? agg supply/demand question. i'll give ya .015btc on: July 03, 2013, 01:31:39 AM
I guess technically it would, but you're charting aggregates, so the price level includes the price of everything.  I would think a change in a single price would be so insignificant as to not be observable on the chart at all.

Then again, you could make that same argument about the supply curve, so maybe I'm wrong...

One thing to keep in mind might be that oil is not a consumer good.

If the answers are as I suspect, there's a symmetry to the assignment.  One rightward and one leftward shift for demand, and one rightward and one leftward shift for supply.
100  Economy / Economics / Re: is my homework correct? agg supply/demand question. i'll give ya .015btc on: July 03, 2013, 01:19:09 AM
I haven't done too much formal study of economics, so take what I say with a grain of salt.

The instructions tell you to mark the equilibrium with 's'.  The equilibrium is where the supply and demand lines intersect, which may be different from the current price point.  Therefore, I suspect the answers to all four questions involve moving either the supply or demand curve.

Isn't the conventional wisdom that prices are "sticky" in the short term, so an increase in the money supply would be a rightward shift in the demand curve?

I would also expect the rise in wages to shift the supply curve left, reflecting the increased cost of doing business, while the reduction of oil prices would have the opposite effect.
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