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skivrmt
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January 23, 2014, 04:27:12 PM |
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So what's wrong with this current quote from Bitsimple? You only get one guess.  BUY PRICE: $789.64 SELL PRICE: $822.12 Still waiting for my activation code via email and yes, I did check spam folder, lol. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 23, 2014, 04:28:40 PM |
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So what's wrong with this current quote from Bitsimple? You only get one guess. BUY PRICE: $789.64 SELL PRICE: $822.12 Still waiting for my activation code via email and yes, I did check spam folder, lol. omg lol buy and sell! buy and sell!!!!!!! |
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MAbtc
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January 23, 2014, 04:37:00 PM
Last edit: January 23, 2014, 04:59:38 PM by MAbtc |
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Well, he made the assertion that monopolies are impossible absent government.
Not exactly: Private monopolies start to lose market share the moment they exploit their dominant position unless the State prevents them from doing so. Even the most capital-intensive industries see competition. Virgin Galactic is a good example. OTOH, a monopoly may exist if it doesn't exploit it's dominant position, but why would we even care in that case? Competition is there to benefit consumers, not competitors.
To me it seems like he says monopolies are unlikely to exist if they cannot use rules and regulations (i.e. violence) imposed by the State to keep competitors out. And even if they did manage to get a dominant position, it can only be achieved by benefiting their customers, as opposed to by enforcing laws (violence) sanctioned by the State. So why would we care in that case? Yes: With respect to Mr. Tucker, monopolies are only possible under the State.
I agree that government is instrumental in upholding monopolies, under the status quo. That says nothing about the situation absent government. Also, as I said, I am using a more expansive definition of monopoly than simply as it relates to retail markets, but the dynamic applies to that market share in the same way that it does at the production level. To assume that the only way to achieve monopoly is by benefiting one's customers is to ignore the implications of a maldistribution of scarce resources, and the possibility of a cooperative dynamic among producers that control the production of a commodity (etc) such that cartels form. As linked earlier, it does not address the possibility of monopolies of force/violence posed by private states (landowners imposing their own law on private property, enforced with private armies) under ancap. The point here is partly that ancap theory makes no normative judgment about monopolies -- it has no moral issue with stifled competition and un-free markets. It is simply assumed that monopoly is impossible. |
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adamstgBit
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January 23, 2014, 04:42:35 PM |
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So what's wrong with this current quote from Bitsimple? You only get one guess. BUY PRICE: $789.64
SELL PRICE: $822.12Still waiting for my activation code via email and yes, I did check spam folder, lol. the price is not wrong. yes, you pay a bit more for this service but it is fast, as in you can get the money in a few hours. not weeks or months. this is so much better than gox or coinbase. plus you can buy and immediately sell for profit. |
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adamstgBit
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Activity: 1904
Merit: 1037
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January 23, 2014, 04:44:06 PM |
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omg look price is crashing!  |
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skivrmt
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January 23, 2014, 04:46:36 PM |
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So what's wrong with this current quote from Bitsimple? You only get one guess. BUY PRICE: $789.64
SELL PRICE: $822.12Still waiting for my activation code via email and yes, I did check spam folder, lol. the price is not wrong. yes, you pay a bit more for this service but it is fast, as in you can get the money in a few hours. not weeks or months. this is so much better than gox or coinbase. plus you can buy and immediately sell for profit. I think you guys are missing the point. It's listed backwards. You can BUY at $822 currently, not sell. Think of the nice quick and easy arb play if a buy price is less than a sell price... |
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hdbuck
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Activity: 1260
Merit: 1002
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January 23, 2014, 04:52:48 PM |
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bitcoin foundation  whats the problem with Gavin and bitcoin foundation? |
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pietje
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January 23, 2014, 04:54:38 PM |
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So what's wrong with this current quote from Bitsimple? You only get one guess. BUY PRICE: $789.64
SELL PRICE: $822.12Still waiting for my activation code via email and yes, I did check spam folder, lol. the price is not wrong. yes, you pay a bit more for this service but it is fast, as in you can get the money in a few hours. not weeks or months. this is so much better than gox or coinbase. plus you can buy and immediately sell for profit. I think you guys are missing the point. It's listed backwards. You can BUY at $822 currently, not sell. Think of the nice quick and easy arb play if a buy price is less than a sell price... Awesome, lets try  |
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ChartBuddy
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Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 23, 2014, 05:03:11 PM |
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Drabla
Member
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Activity: 104
Merit: 10
Pecunia non olet
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January 23, 2014, 05:10:46 PM |
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adamstgBit
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Merit: 1037
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January 23, 2014, 05:16:26 PM |
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EuroTrash
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January 23, 2014, 05:18:39 PM |
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Leaves me unimpressed. Not for international users. Advertising AMD GPUs to mine bitcoins. Mentioning BFL in their FAQ. Boy this is so 2012 |
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T.Stuart
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January 23, 2014, 05:28:24 PM |
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Did you guys see this already? http://www.cnbc.com/id/101356642Ebay and Paypal considering (decision pending) bitcoin for all payments!!! EDIT: meaning payments for anything |
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UnDerDoG81
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Activity: 2179
Merit: 1201
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January 23, 2014, 05:37:05 PM |
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Did you guys see this already? http://www.cnbc.com/id/101356642Ebay and Paypal considering (decision pending) bitcoin for all payments!!! EDIT: meaning payments for anything I´ve just read that google is also thinking about bitcoin as payment method. But its not official. Anybody else waiting for an January 31st price drop because of China? I´ve also readed that FIAT is collapsing soon and a new crisis will happen. Looks like a good time to get in Bitcoin... Or not, who knows  |
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Walsoraj
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January 23, 2014, 05:40:26 PM |
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None of these companies are going to accept bitcoins directly. Payment through a payment processor is not bullish. It indirectly causes selling pressure on exchanges.
The reasons we didn't see much selling pressure after Overstock is because so few are actually buying things with bitcoin. Overstock did 500k sales total since Jan 9. 125k was on the first day... That is a huge dropoff. Bitcoin = failcurrency.
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adamstgBit
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Merit: 1037
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January 23, 2014, 05:41:12 PM |
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Did you guys see this already? http://www.cnbc.com/id/101356642Ebay and Paypal considering (decision pending) bitcoin for all payments!!! EDIT: meaning payments for anything I´ve just read that google is also thinking about bitcoin as payment method. But its not official. Anybody else waiting for an January 31st price drop because of China? I´ve also readed that FIAT is collapsing soon and a new crisis will happen. Looks like a good time to get in Bitcoin... Or not, who knows Yes i am waiting for china to crash bitcoin b4 buying, but I'm starting to worry that china will not flat out ban bitcoin. FIAT has been collapsing soon for years now.... where did you read this? |
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