evoorhees (OP)
Legendary
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Activity: 1008
Merit: 1023
Democracy is the original 51% attack
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September 23, 2012, 07:35:01 PM |
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This is why we need a currency that cannot be printed at whim... Note that it took 30 years for the price to double (1950->1980), and now it's doubled again in just the last five years (2007->2012). ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fsphotos-a.xx.fbcdn.net%2Fhphotos-ash4%2F251616_4811995543674_899763116_n.jpg&t=665&c=Ms1Zx8x8Ed8_6w)
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knight22
Legendary
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Activity: 1372
Merit: 1000
--------------->¿?
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September 23, 2012, 07:43:44 PM |
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+1 Deflation feels soooo good ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Severian
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September 23, 2012, 07:44:28 PM |
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Good index. I use the coin index. This was worth fifty cents when I was kid: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F4cdM9.gif&t=665&c=IcWiShTrg882_g) It's now worth about $12.50. That's the debasement of the currency in a nutshell.
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elux
Legendary
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Activity: 1458
Merit: 1006
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September 23, 2012, 07:48:43 PM |
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Disregard dollars, acquire tomato soup! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Jack1Rip1BurnIt
Sr. Member
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Activity: 350
Merit: 250
Trust me, these default swaps will limit the risks
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September 23, 2012, 08:29:23 PM |
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Holy shit! No wonder I'm always broke!
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Successful trades with bels, misterbigg, ChrisNelson, shackleford, geniusboy91, and Isokivi.
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pretendo
Member
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Offline
Activity: 112
Merit: 10
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September 23, 2012, 08:44:57 PM |
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Quickly, the government needs to start subsidizing mining rigs, or bitcoins won't feel the loving, smothering embrace of inflationary policy
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Realpra
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September 23, 2012, 10:13:06 PM |
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+1 Deflation feels soooo good ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) So true. HONESTLY before BTC I was fucking depressed: I knew on a subconscious and later conscious level that my savings were being eaten up. Like running to stay in the same place. Now I can look at my clown politicians and ECB fucking up and just not give a shit. So refreshing.
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Realpra
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September 23, 2012, 10:26:32 PM |
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IMF
IMF, ECB, bank union, QE3.. all the same BS.
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n8rwJeTt8TrrLKPa55eU
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September 24, 2012, 01:27:59 AM Last edit: September 24, 2012, 01:38:33 AM by n8rwJeTt8TrrLKPa55eU |
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Fed up with the inflationary treadmill. Fed up with having to speculate and risk capital just to protect purchasing power. Fed up with an unaccountable politburo distorting the economy.
Some here think that semi-deflationary money will create all sorts of economic problems. Perhaps. But even if it does, I don't think it can possibly be any worse than what we have right now in terms of unfairness and misallocation of resources. The choice isn't between Bitcoin and some hypothetical perfectly balanced currency regime, but between Bitcoin and the garbage currently imposed on us. Bitcoin might not be perfect, but it's the best hope we have to try something different and escape this evil economic nightmare.
I'm anxious and ready to live in a 100% Bitcoin economy.
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justusranvier
Legendary
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Activity: 1400
Merit: 1013
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September 24, 2012, 01:42:28 AM |
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I can remember a time when you could fill up an entire standard-sized grocery cart with real food for $100.
You can still fill up a shopping cart for $100, but now you're getting processed food-like substitute instead.
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cbeast
Donator
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Activity: 1736
Merit: 1010
Let's talk governance, lipstick, and pigs.
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September 24, 2012, 02:15:01 AM |
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Forget about the deflationary trait of Bitcoin. Howabout a fair day's pay for a day's hard work? No more free money for the elite banker class and their cronies on Wall Street and the Military Industrial Complex.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Grinder
Legendary
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Activity: 1284
Merit: 1001
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September 24, 2012, 09:46:24 AM |
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Note that it took 30 years for the price to double (1950->1980), and now it's doubled again in just the last five years (2007->2012).
It's mostly because of the global food shortage, but I suppose facts that don't fit what we want to believe should be swept under the carpet as usual?
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Grinder
Legendary
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Activity: 1284
Merit: 1001
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September 24, 2012, 10:00:16 AM |
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You mean the global food shortage that was the result of farmers switching from food crops to oil crops because the profit is higher? Meanwhile overproduction, food stockpiling and grants for farmers not to produce into an already flooded market continue in other areas of food production.
You can blame it on any conspiracy theory you'd like, it's still not because of the money printing.
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minimalB
Donator
Hero Member
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Activity: 674
Merit: 522
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September 24, 2012, 11:04:05 AM |
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HONESTLY before BTC I was fucking depressed
sooooo +1
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Roger_Murdock
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September 24, 2012, 11:41:11 AM |
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You can't compare a 1950's can of tomato soup with a 2012 can! That's apples and tomatoes! There have been massive improvements in tomato soup technology in the past 60 years that have dramatically improved its flavor and nutritional content. In the 1950's, Campbell's tomato soup was basically a glorified can of watery ketchup. And now it's... uh... better. So sure, you pay a little more today, but you also get more. That's why the price has gone up. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Charlie Prime
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September 24, 2012, 12:06:11 PM |
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But...but..National Public Radio keeps telling me that Inflation is under two percent per year.
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| Ambit | | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ ██ ████████████ | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ ██ ██ ████████████ | | | | | | | │ | | │ |
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Dalkore
Legendary
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Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012
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September 24, 2012, 02:00:56 PM |
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But...but..National Public Radio keeps telling me that Inflation is under two percent per year.
Yes if I can make the numbers I report to you based on an index and can swap beef for dog food, 2% inflation can be true. No one cares about integrity anyone it seems.
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Hosting: Low as $60.00 per KW - LinkTransaction List: jayson3 +5 - ColdHardMetal +3 - Nolo +2 - CoinHoarder +1 - Elxiliath +1 - tymm0 +1 - Johnniewalker +1 - Oscer +1 - Davidj411 +1 - BitCoiner2012 +1 - dstruct2k +1 - Philj +1 - camolist +1 - exahash +1 - Littleshop +1 - Severian +1 - DebitMe +1 - lepenguin +1 - StringTheory +1 - amagimetals +1 - jcoin200 +1 - serp +1 - klintay +1 - -droid- +1 - FlutterPie +1
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hazek
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Activity: 1078
Merit: 1003
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September 24, 2012, 02:25:34 PM |
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+1 Deflation feels soooo good ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) So true. HONESTLY before BTC I was fucking depressed: I knew on a subconscious and later conscious level that my savings were being eaten up. Like running to stay in the same place. Now I can look at my clown politicians and ECB fucking up and just not give a shit. So refreshing. It's exactly how I feel. You can't compare a 1950's can of tomato soup with a 2012 can! That's apples and tomatoes! There have been massive improvements in tomato soup technology in the past 60 years that have dramatically improved its flavor and nutritional content. In the 1950's, Campbell's tomato soup was basically a glorified can of watery ketchup. And now it's... uh... better. So sure, you pay a little more today, but you also get more. That's why the price has gone up. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Isn't it weird though, electronics also keep getting better and better and yet they are cheaper than ever. What gives?
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My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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justusranvier
Legendary
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Activity: 1400
Merit: 1013
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September 24, 2012, 03:23:22 PM |
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I knew on a subconscious and later conscious level that my savings were being eaten up. Like running to stay in the same place. That's because inflation is a tax on you to enrich the apparatchik and their cronies and to bribe the dependent classes.
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