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3901  Other / Meta / Re: Issue changing profile pic on: March 06, 2013, 12:12:35 AM
I had this problem.  I fixed it by flushing my browser's cache.  Then it showed up! Cheesy
3902  Other / Beginners & Help / Re: Has Bitcoin entered a new era? on: March 06, 2013, 12:08:21 AM
That's an interesting thought.  At what point in time will Bitcoin be a household name?  There was also a time when the Internet wasn't very popular Shocked  If you're young like me, you won't remember that Tongue  But apparently it's true.  I'd give it another five years, maybe six.  Once BTC is ten years old, I'd like to think most people will know what it is (and that it's not a ponzi.)
3903  Other / Beginners & Help / Re: What could really stop bitcoin now? on: March 05, 2013, 11:51:40 PM
Stopping peer to peer is a very difficult task. You'll either need to stop all the peers or their underlying network.
I suppose stopping the internet or making computers illegal would be extremely unpopular for any kind of government/authority!

Any legislation which allows outside forces (i.e., the government and all its pets) to spy on what you do on your computer would likely bring an end to, well, almost anything, but Bitcoin included.  I don't think they're ever going to stop introducing new bills about it, until they've lobbied their way into your hard drive Shocked  Last I heard was CISPA, but there's bound to be plenty more under different guises all aiming for the same thing.  VPN is pretty easy to get nowadays tho...
3904  Other / Beginners & Help / Re: Has Bitcoin entered a new era? on: March 05, 2013, 11:48:24 PM
Deemed by who?  I say it's pretty legit, but, I guess the day Obama says something about it is the day it's ultra-legit.
3905  Other / Beginners & Help / Re: Dispelling the Bitcoin myths on: March 05, 2013, 11:43:15 PM
People hate what they cannot conquer,

Fear most what they do not understand.
3906  Other / Beginners & Help / Re: Value of BTC (likely to drop soon?) on: March 05, 2013, 11:41:18 PM
- snip -
Heard that there are ASICs starting up now, so theoretically, wouldn't that flood the market with BTC and drive down the value?
- snip -

No.  The protocol automatically adjusts the difficulty to keep the average block generation around 10 minutes.  ASIC will make difficulty increase, but it won't significantly increase the rate of production of new bitcoins.

So, no matter the speed of hashing, there is a constant calculation that makes the block sizes large enough to generate one block per 10 min (on avg)?
If ASIC adjustment is only going to keep things the way they are, what's all the fuss about them? How are they going to be so profitable if everything is just re-adjusted?

It means the only way for mining to be profitable is to "step it up" and get an ASIC.  Then if there's an ASIC 2 which trumps the normal ASIC, everyone has to upgrade.  In other words, GPU mining will be obsolete, then ASIC will be obsolete, so you gotta keep competing with hashing power to stay in the game.
3907  Economy / Speculation / Re: Chavez is dead, bitcoin going to $100 tomorrow!!!! on: March 05, 2013, 11:03:42 PM
Time to celebrate!  Cheesy
3908  Bitcoin / Legal / Re: Fiat currencies, gold, silver and the US constitution on: March 05, 2013, 10:21:16 PM
What they said Grin  The constitution is like the Bible.  Take from that what you will.
3909  Economy / Speculation / Re: WallStreet Day Traders Going Nuts on: March 05, 2013, 10:19:58 PM
Oh, you guys.  Bitcoin is just silly WoW money for nerds.

Seriously, do you guys even lift?  Tongue
3910  Bitcoin / Press / Re: 2013-03-05 Barron's: Meet Bitcoin, the World’s Best Performing Currency on: March 05, 2013, 09:22:14 PM
Aaaand there's always a reference to drugs Roll Eyes
3911  Bitcoin / Bitcoin Discussion / Re: Would you say this article from the guardian on bitcoin is propagandist? on: March 05, 2013, 05:25:01 AM
Mainstream news ain't news, it's just fodder.  The dogs need to keep your eyes forward, you know, so you don't stray.  And besides, they get paid either way Grin
3912  Economy / Speculation / Re: I am about to do something massivley stupid on: March 05, 2013, 05:22:26 AM
To add to that, all my professors state they never had to worry about working first or second jobs while going to school.  Apparently it's a relatively new thing that nearly everyone in college today also has to work good hours to make ends meet.  Recipe for disaster Tongue  The loans don't help, they just put off the debt.  Then when you're in debt, you really have to work to keep your head above water.  Locks you in until you're good and 40, or more.  I'm just gonna take it a step further and say it's intentional.
3913  Economy / Speculation / Re: I am about to do something massivley stupid on: March 05, 2013, 05:16:49 AM
Aw, who needs an education.  That's what we got Internet for!
3914  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 05, 2013, 05:13:08 AM
Wake me up when I'm a millionaire Tongue
3915  Economy / Speculation / Re: I am about to do something massivley stupid on: March 05, 2013, 03:16:07 AM
If this trade goes against you you're going to be screwed. You can never discharge student loans in bankruptcy and the interest will keep accumulating until they start garnishing Social Security payments.

Really the only way out of unpayable student loans is to permanently expatriate.

Thailand's not so bad Grin
3916  Economy / Speculation / Re: I am about to do something massivley stupid on: March 05, 2013, 03:10:21 AM
OP isn't that fraud?  Taking a personal loan or using a credit card is one thing but how exactly are you planning on getting a student loan for "not being a student".  Also buying an investment on credit because it can't go down is a good way to royally screw up your finances.

I don't know about the laws around student loans, but I think they're pretty lax until you get in trouble.  A lot of people use some/most of the money as "living expenses" if they don't have a part-time job.  I also knew a guy who bought a motorcycle with student loans. So, go figure.

Yeah they don't pay any attention to what you're doing with those loans.  I mostly use mine for food and shelter Tongue  I bought a phone too, but the loan money mixes with your regular money so they don't know what's what.  I don't know if OP could get caught.
3917  Economy / Speculation / Re: I am about to do something massivley stupid on: March 05, 2013, 03:01:56 AM
Actually, how much would interest cost for these loans once the 5-10 years is up?  Is it still worth it considering?
3918  Other / Archival / Re: [BRAND NEW!] ---------- Bitcoin Megastore ---------- [BRAND NEW!] on: March 05, 2013, 02:59:44 AM
3919  Economy / Speculation / Re: I am about to do something massivley stupid on: March 05, 2013, 02:53:54 AM
Do it!  If they have no problems with keeping you in debt with crazy ass loans, you shouldn't have any problem beating it Tongue  Just don't get into any legal trouble...
3920  Bitcoin / Bitcoin Discussion / Re: Bitcoin Accessiblity! on: March 05, 2013, 02:24:26 AM
Money's just really hard to move around.  I killed my PayPal account recently because fuck 'em they're not very nice people.  Ever since I did that, the only things I can buy are from Amazon and stuff, because they accept plastic.  I can't use eBay at all.  It's pretty lame.

Anyway, if someone can figure out a better PayPal that isn't anti-bitcoin, that'd be great.  Otherwise, the methods we're using now are pretty much the best they're gonna get at the moment.  None of them are bad, it's just, they've all got significant risk.  I keep hearing how this company or that company can't supply a person's BTC properly.  It's a real problem, but it's a problem with money, not bitcoin.

Also, people are fucking assholes not very nice, and keep trying to scam others for a quick buck.  That's not helping.  You really can't trust anyone, not even trusted members.  Not even the coming businesses centered around transfering money to BTC and vice versa.

Solution: time.  BTC needs to be established, and markets need to establish themselves.  Gox has been doing OK, but even they have their problems.
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