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Economy / Economics / Re: You Know Whats f**king Sad?
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on: December 08, 2012, 10:13:42 PM
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I'm sorry but I haven't the faintest what you are on about, your post isn't coherent enough to really convey anything. Better luck next time.
lol. i love it. many references but no facts or arguments
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Economy / Economics / Re: Bitcoin major fail - doesn't allow credit creation (aka deflationary currency)
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on: December 05, 2012, 01:07:37 AM
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So how can Bitcoin have a future if it is a deflationary currency with a set in stone number of coins?
The idea that currencies have to be inflationary in nature to succeed is false. Inflation robs purchasing power from savers and transfers the wealth to those given the power to create money. A tool i consider to be unjust and immoral. The world has used gold as money for thousands of years because its purchasing power cannot be inflated away by governments and banks. Gold is mined at roughly the same pace as the increase in world population. Bitcoin does one better, after the cap is reached, holders on bitcoins would see an increase in purchasing power due to their increasing scarcity. my 2 bitcents
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Bitcoin / Bitcoin Discussion / Re: Does the US gov owns Bitcoin?
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on: December 04, 2012, 10:27:38 PM
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1. US Government owns printed money
2. You own US printed money
3. The US Government owns you
Puts bitcoin into perspective, doesn't it.
ownership does't really matter. the individual has the choice to work and spend effort and energy to acquire said "money". you can print money, but you cant print wealth/value. unless you are an all out slave, your labor is yours alone.
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Bitcoin / Mining / Re: BFL ASIC worth the risk for pre-order?
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on: December 04, 2012, 01:09:08 AM
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If your worried, maybe just wait until people have received them and decide then. it shouldn't be too much longer, you would be at the end of the pre-order list anyway if you order now. I ordered in october when there was little info to go by, and i thought it was worth the risk. people seem to be happy with previous BFL products.
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Economy / Goods / Re: Selling 215 Fiery Brimstone
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on: July 13, 2012, 06:57:12 PM
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You might have overlooked something when pricing your Brimstone, Blizzard takes 15% right off the top for sales. So $90.30 * .85 comes out to $76.75. And the price of Bitcoin is greater than $7.675/BTC right now. And that's only if you're cashing out to Blizzard bucks, if you wanted to cash out to Paypal there's another 15% fee bringing you down to $65.24.
Neither of these fees affect somebody who wishes to craft with the items. Its not the sellers responsibility to cover the fees if the buyer wishes to cash out. Bitcoin is the solution to bypass paypal and other corporate fees. I don't see why they would be factored into the price.
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Economy / Goods / Selling 215 Fiery Brimstone
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on: July 13, 2012, 03:34:01 PM
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Selling 215 Fiery Brimstone for 10 bitcoins
The rmah lists these at .42 each for a total of 90.30 usd
I am setting a bin at 10 bitcoins. which is currently 76.8 usd
post here or pm me if you interested
america softcore
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