Comment: As usual, Bitcoin users NOT AFFECTED (Score 1) 366
See http://www.reddit.com/r/Bitcoin/comments/1m6twq/no_way_to_reproduce_some_key_numbers_used_in_the/cc6bfqb
:-)
:-)
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Comment: Re:Is it? (Score 1) 388
" buying at $5.70 from the little guy and selling at $6 -" I don't understand, if this is the case that there is someone selling at 57 and someone is willing to buy at 60, the market should just clear instantaneously. Why do you need HFT then?
Comment: Re:Is it? (Score 1) 388
Gox was not hacked. It was DDoSed. If you know the difference, you understand how your level of trust in Gox should not diminish.
I don't personally use Gox, but let's not lose track of reality here.
I don't personally use Gox, but let's not lose track of reality here.
Comment: Re:Hypocrisy (Score 1) 893
Agreed.
Comment: Re:It is as if there is no law (Score 2, Insightful) 893
<blockquote>We still have the power in the Constitution </blockquote>
LOL.
No, seriously. You are the only one in this conversation that is brainwashed enough to believe that a magical parchment gives you any power against the people who interpret the parchment. Constitution schmonstitution, if they want you in a cage, that's where you'll find yourself waving your fist at a cloud while you get penetrated by Bubba. You know this, and you hate it, because it's the truth.
LOL.
No, seriously. You are the only one in this conversation that is brainwashed enough to believe that a magical parchment gives you any power against the people who interpret the parchment. Constitution schmonstitution, if they want you in a cage, that's where you'll find yourself waving your fist at a cloud while you get penetrated by Bubba. You know this, and you hate it, because it's the truth.
Comment: honestly (Score 0) 385
I honestly wish Slashdot would stop posting stuff about Bitcoin.
Every time you guys get together to "talk" about Bitcoin, the amount of lies and outright retarded shit that comes out of your mouths is simply off the charts. It makes Something Awful look like a highly developed children's playground in comparison. I have read every single lie there is to say about Bitcoin, in triplicate, here. Everything from Ponzi to scam to ayayay deflationary spiral to fucking libertarians I wish they were murdered (seriously, in Slashdot?). It is not even fun to show you reality anymore.
I used to like this place, but now it is so irrelevant and so dominated by angry retards, it is not even worth the read, cos I just know I will be confronted with losers who did not buy in at $2 and are bitter and hateful about it.
Bitcoiners do not need you. You are obsolete. Keep your greenbacks, enjoy losing your savings every day, and don't ask for help when the chickens come home to roost. Get lost, seriously.
Every time you guys get together to "talk" about Bitcoin, the amount of lies and outright retarded shit that comes out of your mouths is simply off the charts. It makes Something Awful look like a highly developed children's playground in comparison. I have read every single lie there is to say about Bitcoin, in triplicate, here. Everything from Ponzi to scam to ayayay deflationary spiral to fucking libertarians I wish they were murdered (seriously, in Slashdot?). It is not even fun to show you reality anymore.
I used to like this place, but now it is so irrelevant and so dominated by angry retards, it is not even worth the read, cos I just know I will be confronted with losers who did not buy in at $2 and are bitter and hateful about it.
Bitcoiners do not need you. You are obsolete. Keep your greenbacks, enjoy losing your savings every day, and don't ask for help when the chickens come home to roost. Get lost, seriously.
Comment: Re:The End-Game (Score 1) 398
This above is all part of the scaremongering of the people who profit from inflation.
In a couple years' time when most people are using Bitcoin, we will see if this nonsense had any merit.
Wait and see. Simple as that. If you distrust Bitcoin, just don't use it. That is great -- this is the first currency in the world that people choose to use, rather than being ordered to use. and you are free to step aside while change happens.
Enjoy the ride.
In a couple years' time when most people are using Bitcoin, we will see if this nonsense had any merit.
Wait and see. Simple as that. If you distrust Bitcoin, just don't use it. That is great -- this is the first currency in the world that people choose to use, rather than being ordered to use. and you are free to step aside while change happens.
Enjoy the ride.
Comment: Re:The End-Game (Score 1) 398
Very well said! Thank you for this. The whole "inflation is good" propaganda is really "inflation is good... For the money printers, fuck the rest". And the rest is US.
Comment: Re:The End-Game (Score 2) 398
Aren't you excited to see what will happen? We will have for the first time an experiment that will disprove the deflationary spiral hypothesis with a currency (it has been disproven with consumer electronics already, but those were not currencies). I am excited. Super excited.
Comment: Re:Hurry up and die please (Score 1) 339
You would rather keep your money vulnerable to being stolen by strangers, who are by and large the most corrupt people in your society (checked their criminal records lately? how about the scandals on the papers?), and this is supposed to protect it from being corrupt?
BAAAHAHAHAHAHAHAHAHA!!!!
Such religious nonsense! It's like I'm watching a person say they must allow pederast priests to have access to their priests, to prevent the Holy Church from becoming corrupt.
Fine, if you want your money to be stolen -- either by tax or by inflation -- it's your money. You'll be the poorer person. Enjoy.
BAAAHAHAHAHAHAHAHAHA!!!!
Such religious nonsense! It's like I'm watching a person say they must allow pederast priests to have access to their priests, to prevent the Holy Church from becoming corrupt.
Fine, if you want your money to be stolen -- either by tax or by inflation -- it's your money. You'll be the poorer person. Enjoy.
Comment: Re:Volatile (Score 1) 339
Very good point.
Finally there is a way for people to safely do things that their rulers prohibited them to do.
Quote me on this: I consider that to be social progress.
Of course, those who would, in other times, have said that "slavery is okay because it is legal" or "women are chattel because the law says so", would disagree with us. That's okay. Old age takes them and their Bible, erm, Law thumping ways to the grave. In other words, the theory that, "just because some control freak strangers wrote some magical papers forbidding the peasants from doing certain things, these peasants must be punished if they do them", will inevitably perish with its supporters, like the Phlogiston theory also did.
Too slow for my taste, but that's how progress is made.
Finally there is a way for people to safely do things that their rulers prohibited them to do.
Quote me on this: I consider that to be social progress.
Of course, those who would, in other times, have said that "slavery is okay because it is legal" or "women are chattel because the law says so", would disagree with us. That's okay. Old age takes them and their Bible, erm, Law thumping ways to the grave. In other words, the theory that, "just because some control freak strangers wrote some magical papers forbidding the peasants from doing certain things, these peasants must be punished if they do them", will inevitably perish with its supporters, like the Phlogiston theory also did.
Too slow for my taste, but that's how progress is made.
Comment: Re:A Far Cry From the End of 2012 As Well! (Score 1, Offtopic) 339
I note how the guy clamoring jail for Bitcoin users who do things prohibited to him gets 2 votes. I also note how you, who have a sensible comment defending acts that are "illegal" but not wrong, get a score of 0.
Fascism is everywhere. My God.
Fascism is everywhere. My God.
Comment: statism (Score 1) 1
Tell the truth about a corrupt business, you are a hero.
Tell the truth about government, you are a criminal.
The religious double standard of statists.
Tell the truth about government, you are a criminal.
The religious double standard of statists.
Comment: legislators? being retarded? (Score 1) 1
It's more likely than you think.
Comment: it's at 34 dollars right now (Score 1) 1
I checked MtgoxLive for more info.
I'm so happy I bought at the right time. Let's hope that whoever buys now also gets to make a handy profit. I have reason to believe that will be true:
If I recall correctly, each bitcoin is "equivalent" to about 400 ounces of gold right now (from a scarcity comparison standpoint), and in its final 21mill form, will be "equivalent" to 225 ounces.
If we assume people start using Bitcoin as a store of value like gold or silver (ambitious, but not as ambitious as e.g. becoming the preferred transaction currency), its scarcity as compared to gold gives a very good idea of what prices it might end up reaching. We're talking possibly millions of dollars per coin, in today's dollars of course.
This means that buyers today still have a chance to make a killing. That'd be fantastic for them.
I'm so happy I bought at the right time. Let's hope that whoever buys now also gets to make a handy profit. I have reason to believe that will be true:
If I recall correctly, each bitcoin is "equivalent" to about 400 ounces of gold right now (from a scarcity comparison standpoint), and in its final 21mill form, will be "equivalent" to 225 ounces.
If we assume people start using Bitcoin as a store of value like gold or silver (ambitious, but not as ambitious as e.g. becoming the preferred transaction currency), its scarcity as compared to gold gives a very good idea of what prices it might end up reaching. We're talking possibly millions of dollars per coin, in today's dollars of course.
This means that buyers today still have a chance to make a killing. That'd be fantastic for them.
