Comment Re:Happy to see it. (Score 0) 149
Did you even read the post you are responding to? MS has no 5000000 billion dollars.
Did you even read the post you are responding to? MS has no 5000000 billion dollars.
I want to congratulate that person that made an unsortable excel. What a superb idea that was.
How the fck would you manage to lose 4/6 of the time to an opponent who must play rock at least 50% of the time?
"How about the fact that on a quad core, 16 gigabyte, 2.4 gigahertz computer, it can't buffer a few keystrokes as I type *while* the google page loads?"
Almost everything is this fucked up, and nobody seems to notice it.
And as long as an exchange exists, you can exchange your bitcoins for money, and thus use them for whatever you want.
Also, Bitpay is nothing but an external branch of a bitcoin exchange.
At 3.29 in the video, if you connect Greece to Austria, and disconnect Porgugal from Iceland, you save about 1500 km.
"3) Banks owe each other a lot of money. If a large enough bank goes down, it can turn another "good" bank into a "bad" bank simply because that bank was holding a lot of paper from the bank that died"
No, this does not "turn" it bad. This means the bank was bad the whole time.
Any way to disable beta?
"But... people don't need to keep mining bitcoins"
So, you can buy a machine that prints money and all you need is to plug it in, and you are saying people are not going to do that? Are you crazy?
"The relative value of a bit coin will always rely on demand, if people want to use them and have to compete for them on the market then the value goes up, if not it goes down."
Yes, and once that supply and demand had determined the price of Bitcoin, then you know how much will miners tend to spend on electricity, and so you also know how much new investments are need for the price to stay the same.
Fresh investments are needed because Bitcoin mining network as a whole, has a real world bills to pay. That money has to come from somewhere.
If a miner decides not to sell fresh Bitcoins, it is the same as if he himself invested his cash into Bitcoins. So, new cash has to come from somewhere, and miners have a strong reason to sell. So, it's close to $3.6 million daily fresh cash, or the price of Bitcoins goes down.
The mysterious thing is why this fact that the Bitcoin price on the exchanges causes the total electricity cost of the network to follow it, is not wildly known.
Yes it does. Bitcoin needs up to 3.6 million dollars of fresh new suckers daily, for the price of Bitcoin to remain the same. Why is this so? Because miners have real costs that have to be paid in non-Bitcoin currencies, so they have to sell some on the exchanges.
Why 3.6 million, or perhaps a large chunk of that? Because, mining is basically a perfect competition situation, nobody can stop new miners from joining, and new miners will stop coming only when the cost of one Bitcoin more than the price on the exchange. This guarantees that mining will be a low profit business, and most of the value will be lost to electricity.
Who pays for that (large chunk) of 3.6 million daily? New suckers.
Show us those formulas, and specifically where they say the Earth is in the center.
It math works, that's enough.
It's promising in the first 25 minutes but then he wedges in "remote viewing" as a fact, and then it all falls apart.
Nothing later explains the world better, no predictions from his model where he puts consciousness into single atoms and similar bullshit.
"Money is the root of all money." -- the moving finger
