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1781  Bitcoin / Bitcoin Discussion / Re: Bitcoin Killer App: High Yield Investments on: July 24, 2012, 02:03:36 AM
Again,
"I know people who get that with their mining hardware. And I see Bitcoin loans every day which are done at  10% MPR. 10% MPR is too good to be true in FIAT. FIAT! FIAT FIAT FIAT. But it happens, legitimately, in BITCOIN. BITCOIN."
Which leads to the question -- why is it so much more expensive to borrow Bitcoins than it is to borrow dollars? And I think the answer is that you're competing with more scammers in the Bitcoin world, driving the interest rate way up.
And with that, I can give my bitcoins to hashking and he can lend them out, then pass on some of the interest to me. I can do that in FIAT too, but with it being meatspace and all, there's fewer scammers and a lower interest rate.

@Vladimir: I am simply frustrated that people quote my post, obviously intending to reply to it, and then show that they haven't even read it. I never claimed 3000% APR is sustainable. But so far, it's doing better for me than satoshidice.
1782  Bitcoin / Bitcoin Discussion / Re: Bitcoin Killer App: High Yield Investments on: July 23, 2012, 11:11:45 PM
Interesting theory, somehow BITCOIN as opposed to FIAT increases typical sustainable ROI by thousands percent. This is a  miracle! Why 1 BTC does not worth 1000$ yet if that is true.

Dream on.

FFS. FFS! AGAIN WITH THE FUCKING PIRATE! NO, I ACTUALLY SAID "I don't know about 7%"
My theory is that BITCOIN as opposed to FIAT has fewer FEES, no GOVERNMENT INTERFERENCE, ETC and increases sustainable ROI by maybe 100 % points.

Again,
"I know people who get that with their mining hardware. And I see Bitcoin loans every day which are done at  10% MPR. 10% MPR is too good to be true in FIAT. FIAT! FIAT FIAT FIAT. But it happens, legitimately, in BITCOIN. BITCOIN."
1783  Other / Politics & Society / Re: Guns on: July 23, 2012, 10:10:21 PM
One thing this thread has taught me is that anyone can find data to suit their viewpoint. Thus, I'm going to avoid small studies and/or minute, focused pieces of data.
1784  Economy / Marketplace / Re: Want to buy - the world's first 25 BTC block on: July 23, 2012, 07:49:44 PM
But if the private key is delivered to you, then the deliverer also has the private key. And then, you don't really own the address. For this reason, getting the major pools to pay it out to 1st25... directly would be better.
1785  Bitcoin / Bitcoin Discussion / Re: Bitcoin Killer App: High Yield Investments on: July 23, 2012, 07:44:32 PM
I think the reason why we are seeing such high yields is because Bitcoin enables a truly free market for investments.

We all know, with Bitcoin there are no capital controls, no chargebacks, lower transaction fees, faster transactions, greater anonymity, no risk of seizure or interference.

One could image that these properties would allow for certain possibly very profitable businesses and which could not exist in the fiat world.

In these cases Bitcoin would be a more desirable source of funding than fiat and thus command a higher 'price' in the form of higher yields.

Especially because the availability of funding with Bitcoin is relatively low. In the fiat world there are trillions sittings around earning near-zero interest. In the Bitcoin world this is not so, because here a lot of people are fine with just holding their Bitcoin and hoping for a price increase.
This. It's what I said, but with more words and in a clearer format.
1786  Other / Politics & Society / Re: Guns on: July 23, 2012, 06:38:46 PM
well, food should include all deaths from obesity. Firearms/traffic should not include suicide. And alcohol should include long term disease.
The point is why are we picking this one risk? Why not the many more serious problems.?

LOL tweaking statistics to your liking? Really stop posting crap.

A gunman killed twelve people in a MILITARY base:

http://en.wikipedia.org/wiki/Fort_Hood_shooting

From your link:

However, Lt. General Cone stated: "As a matter of practice, we do not carry weapons on Fort Hood. This is our home." Military weapons are only used for training or by base security, and personal weapons must be kept locked away by the provost marshal.


As a spectator and the OP, I applaud this post. So far, the "shooting sprees with armed 'victims' have fewer victims" argument is holding up fairly well. I'd like to draw everyone's attention back to that other Colorado shooting spree where the shooter was shot.
1787  Other / Politics & Society / Re: Guns on: July 23, 2012, 06:33:50 PM
Quote
Lastly, there are these well-intended realists that say that people like this evil animal would get these weapons even if we regulated them. And they may be right. But he wouldn't have strolled down the road to Kmart and picked them up. Regulated, he would have had to go to illegal sources - sources that could possibly be traced, watched, overseen. Or he would have to go deeper online and those transactions could be monitored. "Hm, some guy in Aurora is buying guns, tons of ammo and kevlar - plus bomb-making ingredients and tear gas. Maybe we should check that out."
Hmmm... so this unemployed student got his $20K of weapons and weapon-related items legally? Wow. Can I see a receipt?
1788  Bitcoin / Bitcoin Discussion / Re: Bitcoin Killer App: High Yield Investments on: July 23, 2012, 06:28:22 PM
The difference is, that in Bitcoin, some of these rates CAN be sustained. Bitcoin has such low fees and almost no government interference. Bitcoin loans are often 10% MPR. Mining can get you 1% WPR. I don't know about 7%, but Bitcoin is not fiat, and it shouldn't be treated like it has fiat's limitations.

I'm afraid Occam's razor applies here however.

We have a user on the forums who claims to be able to offer people a guaranteed 3400% APR... In a largely anonymous online currency.

Next, we have BS&T offering "Partner Accounts" encouraging people to plough many thousands of coins into this investment, and to encourage others to invest by proxy in order to increase their total amount invested.

Is there even a way to short BS&T any more?
FFS. FFS! WHY ARE YOU QUOTING MY POST IF YOU DIDN'T EVEN BOTHER TO READ IT?
There are a few things that need to happen:
1. Stop talking about Pirate. Nothing new has been said in weeks
2. Stop relying on Occam's razor as your logical backing. If we apply Occam's razor to the graph of cos(X), we get a straight line.
3. Read the damn posts you reply to. I said "I don't know about 7%." Did I back pirate? No. Did I mention ways that 1% WPR can be obtained in Bitcoin without a Ponzi scheme? Yes.
Quote
The old rules still apply: If it sounds too good to be true, it probably is.

No matter what, it still won't excuse you from doing your homework and due diligence.
FFS! 1% WPR sounds too good to be true in FIAT. FIAT! FIAT FIAT FIAT.
But I know people who get that with their mining hardware. And I see Bitcoin loans every day which are done at  10% MPR. 10% MPR is too good to be true in FIAT. FIAT! FIAT FIAT FIAT. But it happens, legitimately, in BITCOIN. BITCOIN.
1789  Bitcoin / Bitcoin Discussion / Re: Bitcoin Killer App: High Yield Investments on: July 23, 2012, 05:47:42 PM
The difference is, that in Bitcoin, some of these rates CAN be sustained. Bitcoin has such low fees and almost no government interference. Bitcoin loans are often 10% MPR. Mining can get you 1% WPR. I don't know about 7%, but Bitcoin is not fiat, and it shouldn't be treated like it has fiat's limitations.
1790  Other / Off-topic / Re: [bounty]Put the above post on a new domain on: July 23, 2012, 05:43:26 PM
Isn't there someone offering 0.4 BTC domain names? Ask him for .xxx availability

But registering a new name just for this game isn't really in the spirit, nor is it creative.
1791  Economy / Long-term offers / Re: Hashkings Lending,Deposit(PPT RATE STILL 6.75% TRUST ACCOUNT)1.9% INSURED,Escrow on: July 23, 2012, 05:38:00 PM
rofl, post 183. okey dokey then. But it seems that the hashrate has dropped and difficulty isn't adjusting, so this will be a more than normal wait Undecided

It's been 3 confirmations... and still I see "Deposit made on: Not yet paid" after refreshing the page

Edit: OK, it finally shows up. Everything's good now Smiley
1792  Economy / Long-term offers / Re: Hashkings Lending,Deposit(PPT RATE STILL 6.75% TRUST ACCOUNT)1.9% INSURED,Escrow on: July 23, 2012, 05:12:23 PM
Do I need to wait for X confirmations before the deposit is counted as "paid?"
1793  Other / Off-topic / Re: [bounty]Put the above post on a new domain on: July 23, 2012, 04:56:30 PM
Bounties:
0.0001 for a new domain name
0.001 for a new TLD
0.005 for homepages
0.005 - 0.1 for creativity
Super bounties:
.edu 0.1
.gov 0.3
.xxx 0.5

pastebin.COM
http://pastebin.com/HvvvTGNa
1794  Other / Politics & Society / Re: Guns on: July 23, 2012, 04:19:05 PM
Again, "American Revolution" or "why we even have the second amendment"
1795  Other / Politics & Society / Re: Guns on: July 23, 2012, 04:31:07 AM
"Statistics" cannot invalidate inherent human rights in the U.S. federal court system, especially the right to self-defense.

/end thread
Err... we can make amendments to the Constitution. Due Process is already gone, and nobody even bothered to make an amendment about it.
1796  Economy / Speculation / Re: 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM on: July 23, 2012, 04:20:39 AM
Don't worry, all of the balance graphs end at 0.
1797  Other / Politics & Society / Re: Guns on: July 23, 2012, 04:14:06 AM
How is that in any way relevant to the post you quoted?
1798  Other / Politics & Society / Re: How I see politics. on: July 23, 2012, 04:13:31 AM
I think politics is something that fails to evolve. It's why the same things have been repeating over and over for a few thousand years now, just becoming more dramatic. I think we need research, try completely new things, because with all these failing systems we don't have too much to loose... or lets say it differently. We loose anyway, if we don't try. I don't care, both Seasteading and the Venus Project at least look like ideas. Yeah, maybe they will fail. Maybe they will fail badly, but have a look at how things are running. They fail too.

Maybe we need countries to go their own way, maybe we need to forget about the concept of countries at all. Maybe we need a world government, maybe we need way smaller, independent communities. Maybe we need nothing like that at all. But hey.. lets give it a try?
We fail to learn from history. For example, show me some Communist successes that didn't wind up in huge government control, a lack of freedom of speech, a million+ person massacre...
So maybe governments should keep their people fed, at least to the point where very few consider a communist revolution.
1799  Other / Politics & Society / Re: Guns on: July 23, 2012, 04:07:34 AM
Lol the sites main focus is on crypto anarchism. And how to stop over-opinionated "twats". Linking me to some nutjob site that teaches people like you to dispel facts doesnt make you right...

Obvious troll is obvious. Welcome to my ignore list.
Shows why you're so god awful uninformed. You filter opinions that don't reflect yours , then have the nerve to say that we are the sheep?
I hope you didn't filter my post... but I'll save the Tu Quoque.
Quote
Shall I continue to point out the incoherent fallacies that roam through your head mykrul?
Quote from: Me
You know, the main character on The Big Bang Theory did the same thing: call out a logical fallacy and then fall into his own. (What's his name, "Sheldon" or something? Anyways, he called out post hoc ergo propter hoc then fell prey to the Gambler's Fallacy: "What are the odds that I'd be wrong twice in one week?")
Specifically, Appeal to Authority, Ad Hominem, and Appeal to Ridicule. Would you like a side of Latin?
Let's add Ad Hominem Tu Quoque to that list, shall we?
1800  Other / Politics & Society / Re: Guns on: July 23, 2012, 03:22:37 AM
Wow... 86 pages of utter shit Shocked
I am in awe. I am awestruck. I am struck with such utter awe, amazement, disgust, and general shock that this post will be awfully redundant. Like that quote from 21 Jump Street... HFS. Holey flapping scythe. I am almost dumbfounded as when I saw the Grand Canyon for the first time.

 Shocked Shocked Shocked Shocked Shocked Shocked
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