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Try this as a custom uBlock origin filter: bitcointalk.org###quickModForm > .bordercolor > tbody .signature This and generous use of the ignore button almost makes this forum readable  |
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And if the crypto fails, there will be no one to exchange it for euros at a fixed rate. Again trillions will have changed hands, with no relation to work done.
This is tacit admission that the good professor is using the thoroughly discredited Marxist Labor Theory of Value. The LTOV has been obsolete for more than a century when several economists (including William Stanley Jevons) independently came up with what is known today as Marginal Utility. Marginal Utility is used by all non marxist economists today, not just Austrians. Keynesians, Monetarists, neoclassical economist all accept it as a better metric. It's like Newton's laws of motion. It's foundational. If you talk economics and don't understand it, any real economist will know that you are talking out your ass. http://en.wikipedia.org/wiki/Marginal_utility“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.” ― Murray N. Rothbard Marginal Utility as a concept cannot discredit LTV for the simple reason that both try to explain similar but not identical phenomena. The subject of LTOV is the economy as a whole, whereas marginalists and neoclassical theories describe only markets, a subset of the economy. Marginal Utility fails to describe reality where markets end. That humans reproduce, for example, is an essential variable in an economy, yet it happens outside of markets. Raising kids at home means work has to be done, and in the future potentially results in productive participants of the economy. LTV try to integrate that into the theory, whereas price-oriented theories only become aware of that new person the moment he/she enters the market. Another example: Simple Machines Forum, the software this forum runs on, is open source, it has been written by people in their free time. Marginalism cannot describe why it is useful despite having been created outside the market. Despite having read quite a bit from both sides, I still have no clear position on what I prefer. What I dislike about marginalists, though, is that they simply factored out the hard, fuzzy parts of the whole economy and settled on describing just markets. |
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man, you really should read your cited source again (and maybe some others, since you have absolutely no clue when you can only cite wikipedia...).
No ad hominems necessary, just provide a different source that pleases you and proves your point. for clarification; one of the goals was to get the health insurance agencies from red to black, since nearly all German "Krankenkassen" were in the red from 1993-2003 (with a debt of 650 million € in 2003 alone).
Public health insurance in Germany is designed to not generate profit (like the USPS), so that's hardly a problem: After a year ends, the new insurance premiums are calculated based on the bottom line of the past year. And 650 million are a joke: The revenue of the three biggest health insurances alone is way over 100 billion €. If they were in the red, upping the premium from 15.5% to 15.6% for the three biggest insurances alone would have changed that (calculate it for yourself!). Praxisgebühr was a purely political move, and it failed. That goal was accomplished partially through it.
How can that be if visits have risen? Why was it scrapped if it worked? But hey, it was just an example.
Then give better examples? Praxisgebühr hasn't worked because it failed to address the root cause of the negative profit of the insurance companies. Health care premiums are paid relative to the people's wages, and inflation adjusted wages in Germany are shrinking because they are artificially kept low (to fuel Germany's exports at the cost of the rest of the EU), while health care gets more expensive because people get older. In practically every other EU country thats less of a problem because of rising wages:  |
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The reforms mentioned are many, but a good example would be the "Praxisgebühr", where you had to pay 10€ each quarter when you went to a doctor. It helped stabilize Germans healthcare system, even if it was only in effect for a few years.
Quite the opposite; it helped weaken it. Look it up for yourself: http://de.wikipedia.org/wiki/Praxisgeb%C3%BChr#Folgen_der_Praxisgeb.C3.BChr. The stated goal was reduced visits to a doctor. It failed to archieve even that after a bit more than three years. Since then, the number of visits per inhabitant of Germany was even higher than before the introduction. Even worse, it turned out that it was effectively a tax on the poor, as poor people tended to go visit the doctor even less, especially for preventive cancer examinations by dermatologists and gynecologists (numbers are in the source). The effect will be rising cancer treatments in the future, which will be way more expensive than the savings from the examinations. Practically every one of the reforms was economically short sighted and will do more harm than good in the long run - exactly as Germany's treatment of Greece right now. |
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what happened with Wake me up at 500, I'll post next analysis.
 What is your last predriction ,500 or 200 ? or maybe 50 or 1599?  No, lucif said only a rise above 500 would invalidate the current count that leads to the ~200 low. No,lucif said Wake me up at 500Yes, but you ripped that quote out of its context. Read the few pages before your quote and enlightenment will shine upon thee. |
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what happened with Wake me up at 500, I'll post next analysis.
What is your last predriction ,500 or 200 ? or maybe 50 or 1599? No, lucif said only a rise above 500 would invalidate the current count that leads to the ~200 low. |
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As far as my understanding about revenues from ads goes, the more traffic the site has, the bigger the revenue it may create. May I know of a definite plan that you have there in order to achieve such a revenue? How does this work? Kindly explain in detail, please.  Ad networks usually pay per click. While having a giant network like facebook will help segmenting target demographics, I can't see a correlation between size and revenue per user. My primary plan is to have a bitcoin news channel on tsu.co, though. I have not stated that the $2500/year are my goal. While it would be nice to make a profit from that site, I'm not counting on it. |
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does it pay in bitcoin?
Not right now. It's still quite small though (and young! Just a few days since release apparently), so given a significant population of bitcoin-payout demanding users, I hope that btc payout will be an option soon. |
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First of all, I can't open the website. It may be a prob with my pc but other sites are working just fine.
Hmm, I just tried again: works fine on my end. Second: How do we get an invite? is that a ref link? will you pm us? And did you earn anything/how much. The whole site is currently invite only, but every profile link (like the one above) works like both an invitation and a ref link. How much you make entirely depends on the size of your following. I once read Facebook earns about $5 per user per year. So having 1000 followers/fans/whatever and getting half of that revenue, that would be $5*1000*0.5 = $2500 per year. Of course it's still unclear whether tsu.co gets the same advertising revenue per user as facebook. AND: Mods, I'm stupid! I meant to post in the offtopic thread but catched the wrong tab. Can you move the thread? |
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Hey, tsu.co, a new social network site, shares half its advertising revenue with its users. Currently it is invite only, but you can follow me on http://www.tsu.co/bitcoin to start earning with your own content I already started blogging bitcoin related news there, so stay tuned! Background: The company shares 50% of its revenue with its users. If you enter the site based through http://www.tsu.co/bitcoin, you earn money from advertising clicks and from additional people that come to the site through your invitation! |
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On offer is: MyBitcoinCharts.info.The domain was in proper use since 2012, so has a nice domain age, which search engines love. Still has a few bitcoin-related backlinks. The app running on it is broken for a year now - it displayed and visualized Mt.Gox and bitcoin-24 market data and had an archive as well. As you very well know both services don't exist anymore, and these days my real life is too full to further develop the site. According to Google, "bitcoin charts" gets searched 22,000 times a month, so given time and programming skills, this domain can be made quite profitable. |
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Assume average North American, requiring $30,000 per year of today's purchasing power, no other debt.
This is by no means average. $30k is well under the average income that most people in the US have. The median per capita income in the US ist actually $28k. (source: http://quickfacts.census.gov/qfd/states/00000.html). That includes children, though. On the other hand you can substract opportunity costs of having a job, like commuting and business clothing etc. So $30k should be quite fine. Older people need more health care, is that included in those calculations? No idea (not from the US). Usually income in a census is gross income, though. |
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Assume average North American, requiring $30,000 per year of today's purchasing power, no other debt.
This is by no means average. $30k is well under the average income that most people in the US have. The median per capita income in the US ist actually $28k. (source: http://quickfacts.census.gov/qfd/states/00000.html). That includes children, though. On the other hand you can substract opportunity costs of having a job, like commuting and business clothing etc. So $30k should be quite fine. |
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I still don't get it how the fuck did they get the private keys of those coins?! It's pretty default to encrypt the private keys! Why would Ross give them the password? Does not compute.
keylogger. |
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The only thing that matters is future profits.
Decide on your algorithm now, and come back in a week (.. month, or year) and tell us how much it actually could have made.
It is trivial to find and algorithm have would have traded for immense profits historically. I know if could do much "better" than what the author published above, only by following known fixpoints. But that strategy would not own me even a millibitcoin in the future.
And netiher would the author's. Or...? The proof is in the pudding, as they say.
Thx, now I got what was meant. The term I know for that is prognostic validity. Backtesting the algorithm is a necessary first step, though. If it fails generating profit on past data the probability of doing it in the future is rather slim. |
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Absolutely ridiculous. Let's see the real time graph of buy and hold vs your neural network, not a simulated profits from the past graph.
Huh? What do you mean with real time graph? Pofits with buy and hold obviously equal price development. +100x price development = +100x profit. What should be simulated about that? |
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What planet are you living on? GM almost went out of business because the United auto-workers drove up input costs to the point that they could make no profits. Not small profits. NO PROFITS.
Counterpoint: Volkswagen in Germany has an organized labor rate of about 98%, workers have 32hour work weeks and 6 weeks (IIRC) of holiday per year. And half of the seats in the board of advisories are represantatives of the workers*. Yet, they are quite profitable. * = Thats German law for public companies. edit: typo. |
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come on man, you cant compare the creator of litecoin and the one that first came up with the whole cryptocurrency idea... think about all the Secret Services from all over the planet who would just love to "interview" SN. And im not even talking about the huge pile of money Satoshi is sitting on.. or bankster that would just love to "make him pay" for the harm he has probably done to their industry
edit: and also, if SM indeed have health issues, all that pressure isnt going to help him recover...
He is just going to be harassed from everywhere until he dies.
Satoshi wasn't the inventor of cryptocurrencies, as bitcoin wasn't the first one (but the fourth or fifth). What were the first decentralized cryptocurrencies and where are they? Ok, It may be the first decentralized one, but that was not what hdbuck wrote. Egold started in 1996 iirc, and ecash in 1993, then there was digicash, webmoney and a few others. |
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come on man, you cant compare the creator of litecoin and the one that first came up with the whole cryptocurrency idea... think about all the Secret Services from all over the planet who would just love to "interview" SN. And im not even talking about the huge pile of money Satoshi is sitting on.. or bankster that would just love to "make him pay" for the harm he has probably done to their industry
edit: and also, if SM indeed have health issues, all that pressure isnt going to help him recover...
He is just going to be harassed from everywhere until he dies.
Satoshi wasn't the inventor of cryptocurrencies, as bitcoin wasn't the first one (but the fourth or fifth). |
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