My apologies! I read several posts on his blog, and I falsely assumed he didn't make it to the pole. This is epic! He did not. Unfortunately. This is "only" from Antarctica. |
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Can someone please quote these details about the South Pole transaction?
South Pole transaction details (to be revealed):
SHA-256:
caccfcf5832ef5237562cd1e69db5954bcb7d5044282a89e6d3cfc43a4da547c
Proof that this transaction was sent from Antarctica Revealed: 1PLoYDmRWExWMr1uBgE5dcpJVRHMv1La9L 300 mBTC to 114aEAENMDwNzcaqsw6jmPpbBV1qPCkjbC salt:6fjn93251lf9vbdfaupwlfjg31097djancFHS Transaction: https://blockchain.info/tx/f87eaa6f7870ae3b7f677cb0929c69d1b7b2bcdf0a5e33a033aef8b05f6f68ac |
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Bitcoins market cap is 13.37bn USD if calculated from Bitstamp's price.
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Where do you people from EU buy physical silver. We have 22% tax, so I buy it in Germany - 7% tax. But after new year, tax will go up in Germany too.
Where will be best place to buy physical silver next year in EU?
Estonia. They are the only country in the EU without VAT on silver. I think forum member rpietila can confirm this. |
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Are you talking about $1.000 / mBIT?
$1.0000 = $1
I've seen this error a few times around here.
A . is a decimal point.
A , can be used to make big numbers easier.
if we consider the anglo-saxon numerical codification, you are right. I come from a latin European country, and our standard codification for numbers is the comma (,) for decimals and the point (.) for thousands, millions, etc. so that's why I'm actually wrong in an international environment. Noted. Probably part of the reason Southern Europe is so shit at managing their finances if they don't know where the decimal point should go! By the way I'm pretty sure that, according to the International System and in the accademical world, we should use the point for decimals, and don't use anything for thousands, millions etc., so to be completely right we should write 1000 if we mean a thousand  Agreed fully. I don't usually use commas myself. We are in the truly globalised information and monetary world now and commas in numbers are an unnecessary affectation! I like to use apostrophes since it is nice not to have to count zeros. Like 1'000'000 = 1 million |
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Guys, any chance of taking the offtopic discussion to "Offtopic"?  Sorry. I thought this was "The Hang Out Place"  |
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I don't "agree" with him. I know he is right because I have studied this myself. The R/P ratios (reserves divided by production) rises for many fossile fuels and since the end of the 19th century some people who do not understand economics have been warning about peak oil. Peak oil is a myth but I don't see why we should have a political argument about it.
You have the right to your opinion and that's all it is. An opinion. My opinion, is that your opinion is not based in reality. How can supply be growing faster than consumption when oil is the result of millions of years of decay? You have misunderstood the concept of a "reserve". In mining a reserve is defined as something that is discovered and has been proven to be economically viable to extract. The fact that you do not know this tells me that you have not studied this issue enough to have a qualified opinion: Mineral reserves are resources known to be economically feasible for extraction. Reserves are either Probable Reserves or Proven Reserves. http://en.wikipedia.org/wiki/Mineral_resource_classificationYet, you did not answer the question because you simply can not defend such illogical thinking. Now you want to dodge with semantics. Too funny. I have done this so many times it is getting tiring: OILGlobal proven reserves: 1980: 683.4bn barrels 2013: 1'668.9bn barrels Growth: 144 %Global consumption: 1980: 61.4m barrels per day 2013: 89.8m barrels per day Growth: 46.3 %source: http://www.bp.com/content/dam/bp/excel/Statistical-Review/statistical_review_of_world_energy_2013_workbook.xlsxConclusion: Oil supply is growing faster than consumption |
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I don't "agree" with him. I know he is right because I have studied this myself. The R/P ratios (reserves divided by production) rises for many fossile fuels and since the end of the 19th century some people who do not understand economics have been warning about peak oil. Peak oil is a myth but I don't see why we should have a political argument about it.
You have the right to your opinion and that's all it is. An opinion. My opinion, is that your opinion is not based in reality. How can supply be growing faster than consumption when oil is the result of millions of years of decay? You have misunderstood the concept of a "reserve". In mining a reserve is defined as something that is discovered and has been proven to be economically viable to extract. Therefore reserves CAN grow even though we are pumping oil out of the ground because new oil reserves are constantly being discovered and we are getting better at extracting the oil from the ground so the already existing reserves in known oil fields are becoming larger. The fact that you do not know this tells me that you have not studied this issue enough to have a qualified opinion: Mineral reserves are resources known to be economically feasible for extraction. Reserves are either Probable Reserves or Proven Reserves. http://en.wikipedia.org/wiki/Mineral_resource_classification |
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So according to the video: If we're not running out of resources, why do we need to use them more efficiently?  To deny we are running out of resources, is the true "economic ignorance". We live in a debt based system that requires infinite growth but our planet and it's resources are certainly finite. If we had infinite resources, our debt based system could go on forever, but it can't because we don't. People don't look at what it takes to make that car, that some guy took a loan out on and the bank created money from air to pay for. This is why our system will eventually collapse because eventually you will run out of the resources required to build the items that people go into debt to buy. Without people taking on more debt, banks can't create more money from thin air and it all comes tumbling down. ZB is right. It is nice to see someone who understands fundamental economic truths. You can just study BP's Statistical Report if you still think that we are running out of resources. The truth is that known oil reserves are growing faster than oil consumption. Just because you agree with him, doesn't make him "right". And your refuting evidence comes from BP? I'm totally convinced now. I don't "agree" with him. I know he is right because I have studied this myself. The R/P ratios (reserves divided by production) rises for many fossile fuels and since the end of the 19th century some people who do not understand economics have been warning about peak oil. Peak oil is a myth but I don't see why we should have a political argument about it. |
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So according to the video: If we're not running out of resources, why do we need to use them more efficiently? To deny we are running out of resources, is the true "economic ignorance". We live in a debt based system that requires infinite growth but our planet and it's resources are certainly finite. If we had infinite resources, our debt based system could go on forever, but it can't because we don't. People don't look at what it takes to make that car, that some guy took a loan out on and the bank created money from air to pay for. This is why our system will eventually collapse because eventually you will run out of the resources required to build the items that people go into debt to buy. Without people taking on more debt, banks can't create more money from thin air and it all comes tumbling down. ZB is right. It is nice to see someone who understands fundamental economic truths. You can just study BP's Statistical Report if you still think that we are running out of resources. The truth is that known oil reserves are growing faster than oil consumption. |
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Monday I executed a wire at Bitstamp and I still don't have anything credited on my Stamp account yet. Am i the only one in this case?
No. |
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Cup and handle again on Bitstamp?
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bread45: DeathAndTaxes is saying all you need to know and what we others were too lazy or too ignorant to explain. Listen to him and follow his advice.
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Bull..? Bear...?
Both can't be right.
DOWN!!! (I pray) |
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Bitcoins advantages are technical and if you take that from bitcoin there is nothing left.
Not true. One of bitcoins main advantages is that inflation is predictable. Maybe you understand the technical aspects of bitcoins but you do not seem to understand the problems with the current monetary situation or the political implications of Bitcoin. This is wrong. Bitcoin lives from being a worldwide currency. As soon as you are not able to pay anything with it, it will lose its value. Just because something is "rare" doesn't mean it hast value. I can print 10.000 sheets with "this is xymoney" on it and say they have a value because I just made 10k. But the don't. And the same goes for bitcoin. Bitcoins value only stems from it's (promises of) advantages over other payment systems. Since the beginning. A currency must also be able to store value for the users to accept it. Ask John Law. |
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if i was a billionaire i'd buy bitcoin to 1000 now just for kicks.
Maybe that's why you are not a billionare? You would spend millions just to see a number on a screen? |
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But whatever. This is offtopic anyways and we will see whether bitcoin will be destroyed by the gold gold gold idiots or if it excels because of its technical advantages.
 You are being way too friendly |
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