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1  Economy / Economics / Re: My bank account's got robbed by European Commission. Over 700k is lost. on: April 21, 2014, 01:47:05 PM
and now they're about to do it again, in ukraine. it's already written in to law in a good few other countries, too.
Here we go again. I can see it now... That 'Bitcoin User Not Affected' meme will be making a comeback.

This thread is nearly a year old. OP was made on 28 March last year. And what has changed? Nothing... Roll Eyes

Things like this take time, most people are too stupid to understand things that are going on around them. Until it hits them personally.

Once enough people are feeling the pain of being ass-raped by the banks and governments, they will look for a solution. That solution will be either gold, silver, or bitcoin. Most likely all 3 of them (some persons get bitcoin, some get gold, some get silver, some get a combination).

This, people are so stupid it actually is hard to believe.  People will refuse to believe their countries paper money could ever fail until it's toilet paper.   Not a single of my IRL friends think it is possible for the CAD to fail...

Psychological research has shown that this problem can be solved by stories. Stupid people refuse to believe things unless they either a) hear a story or b) can imagine a story themselves of how it would happen.

Since they are incapable of imagining it themselves, they duty of telling the story falls on you. So do it. Telling a story could be interesting for you too.
2  Economy / Speculation / Re: What if BTC had a POS rate to compensate for all the ones lost inevitably? on: April 09, 2014, 04:36:25 PM
PoS creates rentiers.  Do not want.  PoS should be a last resort in case of PoW mining breakdown.  Issuing coins is redundant anyhow - deflation rewards stakeholders equally as does PoS.

Actually no. Consider the extreme case where you get 100 times your original money every new years eve. Now, not just you will have 100 times your original, everyone else will too. If you have a bitcoin now, that is exactly equivalent to having had a bitcent before. All it amounts to is a change of units.
In this light, what we essentially do is reduce the value of lost/nonmined coins by 99% every year.
No wealth is transferred from the have-nots to the haves.
3  Economy / Speculation / Re: You guys are doing it wrong ;) on: April 01, 2014, 03:14:17 PM
I'm desperate for bitcoin to go back up.  I stand to lose everything.  When do you think we see bitcoin climb steadily?  It's been on the decline for months now.  HELP

What has happened has happened. Trying to win back is foolish. Maintain your position if you believe it will go back up, not because you need it to go back up. Imagine a man at a casino, he just lost a lot on roulette. He wants to give it one more shot, because it could get him back to where he started. That is how you look. That is how a problem gambler thinks.
4  Other / Off-topic / Re: Feel good pyramid! on: January 21, 2014, 12:19:43 PM
okay so hmm

congratulations you made a good pyramid scheme Cheesy

you also have a fancy nickname Cheesy

did I do okay? Cheesy

Yes you did Cheesy. You seem to be helpful around in the forums.


Okay, so now above you in the pyramid is me. And above that is you again! So I have say another good thing:

Croatia seems to be a very beautiful country, I want to go there some time.
5  Other / Off-topic / Re: Feel good pyramid! on: January 20, 2014, 08:23:02 PM
yeah i would also like to know more about this it sounds very innovative

If you decide to start mining, I hope it will work out well for you!
6  Other / Off-topic / Re: Feel good pyramid! on: January 20, 2014, 08:10:46 PM
so how do we start?

we compliment the OP or what?

Yes exactly Cheesy Also remember to either quote, or link to the post above you in the pyramid (in this case me). You can find the link to a specific post just above that post.

7  Economy / Speculation / Re: Memespeculation on: January 20, 2014, 06:08:10 PM


Bulls make money, bears make money, pigs get slaughtered.

8  Other / Politics & Society / Re: Krugman tries to link hired contract killing with "libertarian stuff" on: January 20, 2014, 03:17:10 PM
I'm not sure that I really buy the whole hitmen thing. Everything I read about DPR seems to fit with him being the owner of silk road but that seems like an anomaly in his character. Someone who actually believes they are a pioneer of freedom doesn't just start committing acts against peoples most basic rights.

I consider myself pretty libertarian... I am not sure what the best solution for roads would be though.

From his POV, I guess he just paid a private defence agency, to protect his customers.
9  Other / Off-topic / Feel good pyramid! on: January 20, 2014, 03:07:35 PM
The feel good pyramid is like a pyramid scheme, except we all win!
For it is not a pyramid of money, but a pyramid of nice words.
It works like this: First you choose someone to enter the pyramid under. You write something nice to/about that person. You also do this for the person above in the pyramid, and the person above that. To make it easy for everyone to follow the pyramid upwards, you should include links to the posts of the people above you that you write to.

Hope you will all have a wonderful 2014!
10  Local / Skandinavisk / Söker escrow - Stockholm on: January 19, 2014, 05:01:07 AM
Tänkte sälja en miner. Har vi någon pålitlig person som kan agera escrow?
11  Economy / Speculation / Re: FACTS OF GERMAN GOLD REPATRIATION = FED HAS NO GOLD = BITCOIN PRICE EXPLOSION on: January 18, 2014, 01:46:01 PM
this is why BTC >>>> than any other asset class....It so much harder to manipulate or take it the latter basically impossible.

I am mystified as to why gold bugs exist as there no#1 complaint is manipulation!

You missed the thread about fractional reserve exchanges didn't you?
12  Economy / Speculation / Re: Ghash.io reached 45% on: January 17, 2014, 01:37:13 PM
Everyone's concerned about double-spending.  I'm more concerned about them changing the rules to something that nobody likes.
Ghash.io has considerable power right now over Bitcoin. During peak periods, Bitcoin has hit its 7 transactions per second limit. If Bitcoin transaction volume continues to grow, it's going to hit that limit regularly. The block size and transaction rate limit cannot be increased unless ghash.io wants it increased. All they have to do is refuse to confirm blocks beyond the current 250KB limit.

Whenever the block chain has a big backlog of unconfirmed transactions, ghash.io is in charge of Bitcoin. They have the power now to effectively impose higher transaction fees, or favor some transactions over others. For example, Coinbase could cut a deal with ghash.io for "express transaction confirmation" - their transactions get processed first. That would be a win for Coinbase - their merchant shopping cart service needs fast confirmations.

The next big issue for Bitcoin may be "net neutrality".

Or even more damaging, an exclusive express transaction confirmation: "We ghash promise that no competitor of yours will be able to process quickly."
13  Other / Politics & Society / Re: Kim Jong Un Had His Uncle Eaten Alive By 120 Revenous Dogs on: January 05, 2014, 09:15:40 PM
In South Korea you eat dogs. In North Korea dogs eat you.
14  Local / Skandinavisk / Re: Sveriges Bitcoinförening bildad on: January 05, 2014, 06:25:51 PM
Härligt! Ska försöka komma till årsmötet.
15  Economy / Speculation / Re: The next bitcoin boom phase will be driven by ANTARCTICA on: December 18, 2013, 04:05:38 PM
Quote
Antarctican dollars are collector's items produced by the Antarctica Overseas Exchange Office in the appearance of a national money for the continent of Antarctica. Although the bills are not legal tender in Antarctica nor any other continent or nation, the issuing company will "honor them for their face value throughout their validity period."[1] Illustrations of the currency can be viewed at the Antarctica Overseas Exchange Office website.
16  Economy / Speculation / Re: The next bitcoin boom phase will be driven by ANTARCTICA on: December 17, 2013, 06:35:21 AM
http://www.ask.com/question/antarctica-currency

Antarctica does not have any currency.

Field is wide open. Maybe BTC will be official currency of Antarctica?
17  Bitcoin / Bitcoin Discussion / Re: Long term bitcoin unit on: December 12, 2013, 05:53:36 PM
That's a good point but at the same time I think that if BTC will ever reach "facebook popularity" somebody will have to look at the transaction numbers and find a solution (be it off blockchain or whatever other method) and there are many many other points like global legislation, security, stupid-proof wallets, etc.
We are still in early days and probably we won't see this happening in our lifetime Smiley


I disagree. Internet phenomena move very fast. Either up or down. If bitcoin is not facebook popular in 10 years, it will never be.
18  Bitcoin / Bitcoin Discussion / Long term bitcoin unit on: December 12, 2013, 05:32:34 PM
If bitcoin really catches on, if it becomes facebook popular, it will have about 1 billion users. The final number of bitcoin is 21 million, making 21 billion millibitcoins. This means that there will only be 21 millibits per person. This is too little. A person will want a good number of units to feel good. I think a good target is to aim for 1000 units for people with not so much bitcoin. The poorest 50% will only have 1% of the currency, so we need
5 billion x 1000 for the poorest, and that is only 1% of everything. So we need 500 trillion = 5*10^14 units of currency. A close unit to that is actually satoshi, of which there are 2.1*10^15.

Therefore it might be that we need to plan for satoshi as a very long term unit.
19  Economy / Speculation / Re: Echoes of the past on: December 08, 2013, 09:20:48 PM
Clever  Wink

But on a serious note please show a comparison of DMARK/Potato then together with a USD/Potato now. If there was truly a flight, the number of potatoes per USD would explode, right?
20  Economy / Speculation / Re: Looks familliar? :S on: December 08, 2013, 09:02:55 PM
Never seen this before.  What is this?
<3
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