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Overstock CEO Slams "Unethical" Krugman; Hopes "Bitcoin Destroys Central Banking"
Overstock CEO Patrick Byrne goes to town on Keynesian Crony Paul Krugman in this brief interview. Byrne blasts Krugman for everything from his "unethical" involvement in the Enron debacle to his present day view that "the market failed so we need more government; or freedom failed so we need more government." Noting that Krugman may have done "some great work before he went crazy," he rants against the Fed apologist for his "bitcoin is evil" comments adding that he hopes "Bitcoin can destroy central banking." Byrne pulls no punches in his attack on Krugman and his "Keynesian magic money tree theories," as he explains why the so-called 'economist' would be against a 'bounded currency'.
Well worth a few minutes... as Byrne covers everything from Krugman's craziness, Friedman's warnings, Russia-style central-planning, and Federal Reserve failures... quite astounding
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Just bought some sheets from ostock 2ith btc. Woot!
I don't know what Overstock sells but I'm going to buy something from them just for the fuck of it.
If this is Patrick's way of getting free publicity for his company..... it worked. I've never bought anything from them. Never been on their website, even. But I will now.
I like this guy.
I'll try to buy more from Overstock.
I'm on board with that.
Just checked out the website. They still have some laptops with Windows 7 on them, not that godawful Windows 8 garbage. I think I'm gonna pick up this one to replace my 6 year old Vista hand-me-down from the kids:
http://www.overstock.com/Electronics/Acer-Aspire-V5-131-2629-CELERON-100...
More than enough for what I need (basically just visiting ZH and occasionally watching porn).
Wow, what a dilemma for me; bitcoin -vs- Krugman .
j/k No it's not. I'd deem Krugman 1 Quadrillion times the fraud that anyone would claim bitcoin to be...
From the dictionary - Krugman is synonymous with weasel, fraud, charlatan, snake oil, witch doctor, quack, pussy, vagina, clitoris, smegma, pole smoker & taint licker/sniffer.
I have to completely re-analyze bitcoin now, since if Krugman is against it, what sane person could be AGAINST it.
Thanks a lot, Krugman, you fuckface.
The GF has been patient with my bitcoin foray.
SO I let her shop at overstock. She likes the area rugs. I like her choices; they're attractive and low cost!
Do they have any Kurgman doormats?
For those of you that don't remember, here is some history about Byrne and Naked Short Selling
http://www.youtube.com/watch?v=BdBe5_8z53A
http://www.youtube.com/watch?v=M_FZO9-ZIWU
http://www.overstock.com/naked-short-selling.html
http://www.deepcapture.com/political-pressure-on-overstock/
I closed my eyes and thought this was Jim Grant speaking
Years ago I was trading large in a few mid-sized companies. They were solid companies with good capital ratios, so I couldn't figure out why their share price was so compressed. I found out that they were being attacked by Naked Short Sellers, who eventually had to surrender. These trades turned out to be very profitable for me, but it took a long time, and I almost closed out too soon.
The Naked Short Sellers, and the SEC's inability to enforce the Reg-Sho laws are just another entry in my list of "market" experiences that most people do not want to know about.
Clearly, this is a fair market
/S
just hit BUY with Bitcoin on Overstock.com ... not sure what they even sell, but I'm already buying something.
Paul "Magic Monkey" Krugman is get beat down from true entrepreneur.
we're "going for the gold" in this country...in every sense of the word now. I can't say I want to look up at "my moon" and see 300,000 people up there. That would really bum me out...but that's where we're going with all this.
I used to be upset with QE... until i realized that it is a way to tax the 47%... and my investments in gold coins and bitcoins are well placed! Print away!!!! :)
At least with Win7 you can click it back to look like XP and it's 64 bit.
I looked for a Krugman dartboard but they don't have it.
That might be something Banzai should look into.
https://www.zazzle.com/custom/dartboards
Me too.
*feeling bad about Amazon purchases*
I like this guy.
I'll try to buy more from Overstock.
I just signed up there the other day and placed my first order. Far from junk, they seem to have a number of high quality items.
Byrne has been preaching for seems like a decade about Overstock being naked shorted by more stock than ever was even issued.
I don't think he got help from the SEC though.
He has lived with the rampant corruption and vileness of those that blatantly steal and those that abdicate their responsibility to enforce the law.
Publicity for his company + publicity for Bitcoin itself + help further the disruption of the status quo + bash Krugman = A whole lotta WIN
Especially if your state chages sales tax through Amazon!
Does not all state charge sales tax the same? Would Amazon be any different from Overstock?
Serious question. I outfitted a condo from Overstock but it was in a non tax state and I presently live in a state tax state....
think about it though- if they are trying to tax you on an internet purchase that you made in dollars or one of the other fiat currencies they can do that. how are they going to tax you for purchasing something over the internet with bitcoins or any other crypto currency, which is not presently a recognized form of currency by the us government?
i think thats why the big banks and the governments around the world are afriad of bitcoin- they cannot tax something that they do not control.
makes you think doesnt it?
edit- i also just realized something after making this post. if the government wants to have some type of control (aka the ability to tax you on it) over bitcoin it has to regulate it somehow. if they do indeed regulate bitcoin it becomes a legitimate currency overnight. if bitcoin becomes legitimate in the eyes of the masses people will flock to it and other crypto currencies in droves because which currency would you rather hold and use- one that is not issued and heavily controlled by a central bank, or one that is created and manipulated by a central bank that can theoretically wipe out the value of your savings and retirement overnight on a whim by creating trillions of new dollars?
its the ultimate catch-22
I just made my first retail bitcoin purchase with them.
Patrick Byrne is a great dude. I have bought stuff from Overstock and they do a good job.
I will try to use them in the future more and avoid that douchebag Bezos and Amazon.com.libtard.obamaCompany.docuchebags
Freddie.... I thought you hated Warren Buffet and anything that has to do with the him. ?? If memory serves correct, you've written some particularly vile comments about Buffet.... am I right?
Not only was Patrick Byrne's father very good friends with Buffet, he was the CEO of Geico, a Buffet company. That's where the Byrne's family got their money, and that's where the seed money for Overstock ultimately came from. Fresh out of college, Patrick went straight to work for Buffet (specifically a Berkshire company), relying on his father's link to Buffet to get the job. Byrne's is a smart guy, but make no mistake, his wealth, his family's wealth, and his start in business was ALL from Buffet. In fact, it would be challenging to find someone who had more of a Buffet "free ride" than Byrnes. If you love Byrnes, you love Buffet. Dude.
Party foul. Hasty Generalization. 10 yard penalty. Repeat 3rd Down.
"Hello General Alexander. Yeah, this is Janet Yellen. We have a little problem, this Bitcoin thing is getting out of control. I wonder if you'd be so kind as to lend us a little of that spare computing power that you all have? We'd like to see the NSA mine it to death. You know, in the interest of national security."
Krugman is a "punk bitch" using the parlance of the day.
I'm pro-life, but if I could go back in time, I'd make an exception for Krugman's mother.
Thing is, he's so fucking worthless, the Times could replace him any fool, like say... Bernanke.
Bernanke is not just any fool, he's an exceptional fool.
For those who have not yet seen it, Patrick Byrne's "Deep Capture" narrated slideshow presentation on how completely fucked up the stock market is, is simply outstanding.
http://www.deepcapturethemovie.com
Like anyone cares if the entire float for a stock is sold short!
Care? What you just wrote is jibberish to 90% of Amerika. They would have to know what that means before they could even care. They would have to understand that pension are broke before they could care. All they know is that they are entitled to payment, for the proverbial "hamburger today"
Thanks for the link Buck
I'm enjoying this presentation. Thank you.
have seen it. very good to keep this stuff regular suggestions.
interesting watch, thanks.
Fantastic presentation. Thanks for sharing.
Someone just got put on the list for an IRS audit next month....
Actually, he better be careful 'cause he could end up like Andrew Breitbart.
Or they could preform a full frontal lobotomy and he's wind up like Krugman
Well played, sir.
The list of things to stay away from is getting long; Private planes, late walks at night, hot tubs, BMWs, Arkansas crossroads etc.
...canoeing at night on the Potomac...
He might get heart-attacked or suicided. Lot of that going around with those that expose the system.
Patrick has already had the SEC come after him for no reason and probably the IRS, too.
The Easter Bunny predicted it would happen.
Still wondering how idiot like that got Nobel Prize... Then again we know other idiots who got same crap without deserving anything...
Still wondering how idiot like that got Nobel Prize
These days, the Nobel goes to the best State sycophant.
Fascism - it's what's for breakfast!
It wasn't a proper Nobel prize, it was some 2nd class "memorial prize" thingy.
It's the same difference to those who employ the argument from authority fallacy. They simply do not know any better. A little medal is good enough for them, and they will never be convinced otherwise.
Bit bit bit bit bit ... Fuck those Mother Fucking Central Bankers .... bit bit bit bit...BitCoin!
central banking is a means to end, not an end in of itself. when it has served its purpose, the system will be terminated. think about it. no need for central bank in a fascist/marxist/totalitarian world government.
you are on to something. from history we have learned that even revolutions that terminate the old system are planned in advance. it's just a transition which is made to look voluntary and auspicious.
we could have had totalitarian world government long ago, but it will not be implemented by brute force, instead, most of the people will be begging for it, before they finally get to embrace it.
Them's fightin' words!!
I like Byrne. I remember when he was fighting with the naked shorts a few years back, and CNBS acted like he was freaking crazy. With talk like this I'm sure it will seal the deal in their minds and they will treat him like Dr. Paul.
They should sell t-shirts that say "fuck Paul Krugman" and the only accepted payment method is bitcoin
+100. I looooooove it!!
Hell even I would buy bitcoin to get that shirt.
edit: wait... I can just make it myself. Never mind.
That's funny, but a little over the top for me. Call me a prude, but I'm not going to walk around with the word "fuck" on a t-shirt. If he were to get Krugman's face on a donkey with a bitcoin necklace, that would be great. They could be like the Che t-shirts for people who aren't into fascism.
This! I would buy this...along with a T-Shirt that used the Rombamabot '12 campaign logos to spell ROFLMAO
I hope Ostock doesnt need an extension on its line of credit.
That will be the day after Overstock destroys Target.
Only if Target doesn't destroy Target first.
What's in your wallet?
Dont worry , Satoshi101 will be posting here soon , he's just busy taking up the ass from a krugman - Zenofrog circlejerk , when they finish off he will be again officially confirming that bitcoin is both a Ponzi and Fed conspiracy.
Does this guy have a nobel prize like Krugman? I think not.
/s
Krugman doesn't have a Nobel Prize either. There's no such thing as a Nobel prize for economics, Like Krugman and the Swedish Central Bank that created it, it's a fraud.
Right, it's a bonus paid by banksters for spreading propaganda supporting central banks and big government for the benefit of banksters.
all these mail companies are going to have a tough road to pough with postal rates jacked up again according to Ecommerce web sites. 2 hikes in one year...rough stuff for them an dincreased costs for all consumers...another 5-6% price increase across the board.
Luckily, there's no inflation or things would really get tough.
Oh, wait.....
I am now a customer of overstock
I am hoping that they have some of my neccessities. Going there now.
I'll type slowly, so the slow learners can keep up... but, like I've been saying:
[1] PARALLEL ECONOMY = Barter + PM + BTC = Debt_free = libertarian
[2] OFFICIAL ECONOMY = Debt_Currency + Credit + Derivatives = CB-owned
What one component in equation [1] won't do for you in a given situation, another one will. It is 100% irrelevant what one's own personal preferences are for any of the 3 components in Eq.[1]. The key is to see them as part of the whole, i.e. part of the Parallel Economy.
Only full morons/retards, agents and shills will choose to avoid this reality, and raise the cloud of FUD (Fear, Uncertainty and Doubt) to either Divide & Conquer, or to Deflect & Redirect the real argument to some other BS/false argument.
I suggest you get clarity, pick a side and stay focused on legitimate talking points (avoid distractions and BS).
By their fruits (advice) shall ye know them.
Wasn't this Overstock guy in a war with WS naked shorters?
Yes. Same guy.
And he won.
ceo maggot
this Byrnes guy is quickly becoming my kind of guy.
if you are reading I will buy a LED TV prolly a 46" and I also need a bookshelf type thingy to rest it on (going in my ew office in our new place we just lowballed someone for). I also want to buy all my supplements from you but your selection is limited. I need a low card whey protein, pure creatine, BCAA in powder form, and a men's multi. that's to start but you gotta perk up that supllements/nutrition section.
Bitcoin was planted into the system in 2008 knowing it would take 7 years to become popular enough to merge with the soon to be biometric ID cellphones for instant global cashless purchasing.
http://www.businessinsider.com/at-ces-a-preview-of-the-future-of-payments-2014-1
WIth Bitcoin you don't need that biometric fascism. It's only needed to protect a completely outdated financial system.
@mobius curved brain
Yeah, a time-traveler came from the future and put it into place. After adjusting his tinfoil hat with a mobius strip logo on the side, he went back to the future.
You just get more hilarious with every post.
You know that the biometrics on Bitcoin ATMs were because of the legacy financial system, right? Why are your eyes all glazed over? Are you high again?
I'll explain later when you come down.
I will look for an opportunity to reward Overstock.com with my business.
Bitcoin destroying central banking? I don't think so.
Digital currency is one of the most important steps toward absolute control and oppression over societies and individuals.
"Give me the power to digitally mint a nations currency and control an individuals use of it electronically and I care not who makes it's laws"
Only difference is if you purchase $5k worth of equipment you too can 'mint' around 0.5 bitcoin per day , in fact most of the coins were minted by kids with shitty computers who have since sold their bitcoins.
that's a linear statement which can't be right with an exponentially harder problem.
Either you exponentially expand the speed at which you compute btc math problems or you get less btc, and that's just to break-even per-day though you'll be losing in cost vs return as the equipment that's old goes right to the dump.
100% agree with you there. The kiddies who generated the first load of bitcoins could easily generate 1000 bitcoins in a day on a shitty old laptop. But it just so happened that the network procesing capability grew and grew and now you need 5 k of equipment to generate 0.5 bitcoin per day. In 3 or 4 years when a bitcoin requires over 1 million bucks of equipment to get just 1 coin per day - well you do the math...... None of the old equipment goes in the dump because the graphics cards can then be used to play games or be used for transaction verification processing of the Alt-Coins - I am stressing these Alt-Coins are not bitcoins .....
they're not graphics cards anymore. They're hard-coded ASICs printed & fabricated for the singular purpose of bitcoin hash calculations. They don't do graphics, games, anything else. That's what costs so much money: they are custom-made.
I said none of the OLD equipment. You would be nuts to dump ASIC hardware .
you'd be nuts to keep it: it's so specialized you can't re-use it once it gets too old to run fast enough to keep up.
That's why EVERYONE is dumping ASICs after getting a certain number of bitcoins. Only suckerz buy used ASICs, they will produce nothing.
You need to do your homework a little bit better. Do an eBay search for kncminer in completed listings. These particular 550Gh/s ASIC machines will still generate 0.5 BTC/day at the current difficulty level.
so for an exponentially increasing difficulty, not a linear btc/day = 0.5, that means in short time it will do 0.01/day and then none per day so if it costs less than $50 it would be worth a try (adding in power cost separately), otherwise it's a bust.
Pretty much in a month it will be worthless over $10 and beyond that worthless period as it won't beat the power cost to run it.
Sounds about right.
I've done my homework.
EXPONENTIALLY INCREASING PROBLEM.
That means there is no such thing as 0.5 btc/day. Can't be.
It can hit that number after being a higher number the day before but it can only drop from there and MUST drop every single day.
No wonder you guys are fucked up on charts - you can't do math. And that explains why you love bitcoin's "math" so much too. You don't understand it.
All this shit has been planned for years.
Micro-Transactions are already common in Africa and Asia, through your cell phone, you buy cigarettes and booze with your phone credit, shop's that don't even have electricity, transfer each other phone credit.
Once BITCOIN type model goes on line the 'man' can control what you eat, drink, and go.
The FED is dead, to be replaced by the IMF/SDR, the reason that ZH exists is to 'boil the frog' to condition the parasite to accept the NWO ( new world order ), where IMF/SDR creates the money backed by US-MILITARY, and the little-people get their 'COIN' virtually where they can shop and be controlled every where on earth.
I am surprised you are not out of breath from being fucked so hard up the ass from Zenofrog ...
Krugman sold his soul for $50,000.
Now it's on ebay for 50 dollars "buy it now"
or "make offer"
He would've if he had one. It would have gone right after Grannie Krugman's bung hole
Satan likely wants his money back.
It is a lie that the number of Bitcoin can't be changed readily and that all miners have to agree to it. Once a change is made to the software the only guarantee miners have is that they are not forced to use it and can keep using the old version. So if the number of bitcoin is increased those miners adopting the new version are more likely to solve a bitcoin puzzle. Bitcoin.orgs obfuscating explanation:
All miners agreeing to it just means they can keep using the old version.
When will you get it ? Bitcoin is mathmatically restricted to 21m units. Any change to that would mean a fork into a new blockchain which would NOT be bitcoin , it would then be another Alt-Coin. Bitcoin Miners (of which there are tens if not hundreds of thousands world wide) would simply not change their software for the production of yet just another Alt-Coin.
Bitcoin is mathematically restricted to 21m units in software.
Whoever controls the software can screw the little miner. The NSA has a proven history of getting its people into open source projects. Once society has their money tied up in it, as with the dollar, politicians will be free to debase for decades. Govt and big banks will be in full control. Citi, Bofa, Wells Fargo on board already.
There may be ways to work more coins into the ledger, but it's not necessary at that point anyway.
Bitcoin has been forked before but they kept calling it Bitcoin. It's just a name.
have to agree with you here. if it would be forked now, btc users(miners) would refuse to use the new coin because they still have principles. when btc would go mainstream, majority wouldn't care less about the principles the original btc was established on. also ask, who would become the miners in the future? who would have the resources to still mine profitably? i can only think of banks and governments.
which pretty much concludes that when bitcoin goes mainstream, it will be dead. though we would be left with our own precious one world digital currency, inflationary or not, this would not be up to the users but miners. only that this time tptb can say that people themselves initially asked for it.
as i still like the idea of bitcoin, i hope it won't happen. better to be illegal, than espoused by the governments.
More un-educated BS - maybe you should do some research before posting more FUD , if you actually did some research you would see that what you think is absolute BS. Coins cannot be 'inserted' into the system because they would be seen as either an attempt at a double-spend duplicate or just plain false transaction which would not even be broadcast by the network - The core protocol of bitcoin is the solving of the '2-Generals' problem. Look it up on google. This was one of the oldest problems in Computer Science. It was solved with the Bitcoin blockchain and has been applied to solve the 'double-spend' problem. This will never be compromised in the bitcoin protocol , it is at the very core of what the bitcoin software is . The past forks are irrelevant , the 2 bitcoin forks re-merged into a single chain as expected. Nobody lost any coins and no extra coins were created during this temporary forking event.
Not just insert by just changing the number.
It's moot anyway. Once bitcoin is the defacto currency and everything priced in it, dollars will be worthless, and politicians will have a fresh start debasing it, even if it means starting a new ledger. It is people in control of the software so it will be eventually blatently corrupted.
One World Mafia:
6 blocks per hour * 24 hours per day * 365 days per year * 4 years per cycle = 210,240 ~= 210,000
Sum the block rewards: 50 + 25 + 12.5 + 6.25 + 3.125 + ... = 100Multiply them:
210,000 * 100 = 21 million.
The last bitcoin will be produced in the year 2140.
This is a mathematical certainty which has been hard-coded into the core bitcoin software / protocol.
Anything which changes this algo will create a coin which is *NOT BITCOIN* - It will just be another Alt-Coin
Note that 2140 is the year the last bitcoin will be generated.
Bitcoin generation follows the exact same curve as the mining of gold . But Bitcoin creation is *not mining* it is actually a reward for transaction verification.
don't get me wrong. i'm pro bitcoin, and not only because i hold some, but i'm just trying to exercise critical thinking here. let's keep an open mind.
they, whoever has the substantial power over bitcoin system(blockhain), are still oligarchs nevertheless. will they be big wallet holders, mining conglomerates or governments/banks, doesn't exactly matter until they can back it up. they will name the new coin bitcoin and some of them i enlisted have more than enough power to force everybody to use the new bitcoin.
on another note: "There may be ways to work more coins into the ledger, but it's not necessary at that point anyway."
if we would have world government they could just sign a law that from tomorrow on, 1 btc would equal 1 satoshi. who would not agree to it, would be a fool. who would buy ones merchandise, if they would still hold old prices?
Homer Simpson just said if that happened the miners would just siwtch off thier machines then there would be no bitcoin network , so I suppose you would then revert back to Fiat ..... Once that does not work the Miners could switch their machines back on and the network would be back up & running ....
How many decades has it been that the masses have accepted a debased dollar? Why would it be different with a debased bitcoin?
Since 1910 the US-MIL has killed over 100 MILLION people to make the USD the worlds "RESERVE CURRENCY"
Every where in the world the CIA/NSA listen and watch and if you sell you sell your heroin or oil, or cocaine in anything but USD you DIE.
***
WIth this kind of GENOCIDE comes respect.
BITCOIN gets no respect because they have killed nobody, and the CON is ran by pussy-men, man-twats that hide.
Satoshi101 - great to see you here - krugman finally came in your ass and you eventually showed up ...
they would switch off their mining gear because it became 100 millions times more profitable overnight? dream on!
well, the truth is, those who buy the coins from the miners are the ones who decide everything. the client is king. guess who would be the biggest buyers if bitcoin would be mainstream? also as i said before, mining would become a business of the big players as they would be only one with available resources to compete(government-bank).
the point is, if the biggest parties involved are governments or banks, then we the people are toast.
How do you know there aren't software workarounds restricting it to 21m?
We have no idea what we are doing. We have all been lying to you. Bravo. Damn you caught us.
There's that fucking word again they like to throw around 'mathematics'
NOPE BTC is a software fucking hack, and 21M, can just as easily be 21Trillion as anything... its just a fucking number in software.
The only MATH in BTC is that in the encryption ALGO, all encryption is just MULTIPLICATION, meaning that big numbers that are prime, take a long time to factor, this is called 'arithmetic' and certainly not MATH.
The bulk of the BTC software is a HACK to manage the data-structure, which is called a "BLock-Chain", aka "COIN" by satoshi.
He who controls over 51% of the block-chain, can over-rule the entire system, and do as he wishes,
The original design of the system was that over 70% of users be honest, and pure Peer-2-Peer, today over 90% of the COIN is controlled by ten men, and one man controls over 50% of the COIN in Croatia, and does so in secret.
You can google "croatia control bitcoin", and learn IOHASH or something like that, ... don't matter
But don't fuck with MATHEMATICS and do say that BITCOIN uses math, because it doesn't BITCOIN uses MULITPLICATION, something taught to 12 year olds in the 5th grade.
***
My bigggest gripe about BTC is that all of the BIT-TARDS promoting the BITCH are god damn fucking uneducated idiots. Its so fucking boring.
Hey Satoishi101 , well I have been waiting here for you all evening , why did it take you so long to get here ? Did you blow your load with your other pal Zenofrog ? Shit - did you eventually finally discover she was actually a woman ? I heard that she was overdosing on hormone pills - apparently her clitoris looks like a penis it was a joke - have you been with her ?
UKRAINIAN's OWN BITCOIN - Does this mean that Ukraine Controls the World? Or only that it controls the wealth of Morons?
[ One man controls three companys that oversees more than 70% of BITCOIN, by definition this man can change the source code, and the block chain, he can add/steal anybodys COIN, one man rules them all. ]
A particular mining pool which is called GHash.io and managed by a company called CEX.io, took the idea to another level by offering something similar to shares in an operation that has specialized hardware to mine the digital currency. Potential miners only had to pay their share of the computing power and just wait for the income to start coming in. However, there were independent miners last week that realized that GHash.io already held 45% of the processing power of the Bitcoin network. This means that a single organization nearly dominated Bitcoin emission, the report said. Commentators on Bitcoin forums expressed concern that if GHash.io would get a 51% share, it would give the miner centralized power that could devalue the Bitcoin. GHash.io immediately quashed the concern and said it had no plans of making the "51% attack." It closed its doors to independent miners and gave its users permission to mine for others. The move brought down GHashi.io's share of the Bitcoin network's processing power to 34%. The report said CEX.io is a secretive firm. Information gleaned from his LinkedIn profile showed Jeffrey Smith, the company's Spokesman and Chief Information Officer, as a resident of Ukraine. His profile said that he graduated from the International Christian University in Kiev, Ukraine, the report said.
Yeah , Yeah some Ukranians control bitcoin , you are correct !
- If you say it enough times over - it WILL become true for you ! Honest !
@One World Tinfoil
I see you've graduated from the "NSA Made It" argument and now are progressing to the full-retard of "Forced Fork Scenario".
Sure thing, chief.
Ever work on a site-wide upgrade project? Like say, 200 - 1,000 machines, all with different requirements on a corporate campus? Even with management support and scheduling, its a pain in the ass.
Think you'll get the entire community to switch? Really?
You've got to be huffing something, because the words tumbling out of your tinfoil keyboard have a distinct whiff of crazy.
Evil M, You twist everything.
The NSA has been exploring cryptocurrencies since 1996 and has the most advanced computers in the world, no real oversight, and a virtually blank check book to hire the best crytopgrapers.
Bitcoin's innerworkings are obscured in crypotgraphy making it more obscure than The Fed.
That is er - the whole point of crytography - to obscure that is ........
We need a transparent money system.
Uh, how would you make the Bitcoin public ledger, the blockchain, any more transparent?
UKRAINE now controls over 51% of the BTC block-chain,
He he controls over 51% can do as they wish, the alogorithm works as such,
The deal is done, and the outcome is now in the hands of eastern-europe, wrt to BTC.
The Ukraine does not control shit you ass hole idiot , now please , do yourself a favour and just fuck off ........
Please do your fucking homework - your link is just more FUD .,
Heh. I bought what I thought was silver jewelry on Overstock and it turned out to be cheap base metal. Paid in dollars and got a full refund after return. Wonder what you get if you ask for a bitcoin refund, especially with the volatility of bitcoin? Byrne is an opportunist that sells crap no one else could sell, and quite a bit of Chinese inventory at that.
My problem with Bit-Coin is that these robber barons have been smashing Gold and Silver by the day to keep the appearances up. Also, it is criminal to use banks to make the equity markets do what they want it too. We have been outside of the law for some time now. Given those assumptions are true, what do you think they will do to Bit-Coins when they actually become a threat to their plans? I don't have confidence in Bit-Coin's ability to stay out of their control. When they trash BC it will be a lesson to US to not play with anyone else's currency.
The message will be clear. "Stay addicted to the dollar and die like a man!"
The dollar has maybe just a few years left , what you gonna do when the dollar is toast ? Pay your phone bill in gold coin ? Give me a break ....
You can use a credit card backed by gold to pay your existing phone bill right now. The same method can be used in the future by the next reserve currency fiat replacement.
The argument of not being able to use gold to pay everyday bills was always a putz's argument anyway.
Listen pal , when the banks shut for that long weekend you think your fucking gold-backed Credit Card is gonna fuckin work in the local ATM machine or POS terminal ? The bitcoin network will be fully operational and hot as fuck at that point , grow a fucking brain.....
Soon as the TPTB issue Bitcoin Derivatives, Butthurtcoin will be the result.
Bitcoin derivatives - fucking bring it on ASAP - any asshole who say's they can naked short or shit out bitcoin futures can have their bluff called in an instant - they will have to prove their positions by providing their wallet addresses which value can be instantly verified. You think this is a game of 'spot the fake gold plated tungsten bars' well with bitcoin that is fucking impossible because you can see everybody elses hand.
no, the bitcoin network will be shut down first. Cell phones: off. All.
Internet: off. All.
Period.
Banks will stay up longer.
Then they will go down. All.
Then only gold & silver coin, and paper cash for those who want it, will be left.
That which needs a grid will be made silent & kept that way.
Yeah and at the same time they will shut down all the cooling systems of all the nuclear power plants and make everybody move back into mud huts and go back to steam power and donkeys. Grow a fucking brain you moron.
madtechnician
Easy there fella
http://i53.photobucket.com/albums/g70/sjaneco/moran.jpg
Shit , you got me there geeza ...
FN morans :)
FN morans :)
f word record on ZH
"steam power and donkeys"... awesome image.
You're a fucking moron.
The aging nuclear plants are falling apart on their own with no further assistance required.
This is a nonsense argument mr mad. I will not even debate you on the availability of a pier to pier network over atms or visa cards, much less the rest of your rant.
Maybe diversify to include both methods, and many others that you have not mentioned. Silver coins, bullion, gold coins, bullion, crypto currencies, barter & friend networks, sustainable households, small is beautiful designs, multiple CCs, and yes cash.
And grow some politeness, what you think this is fightclub? LOL
silver coin. Gold coin is for the rent, and yes.
Okay yeah now I get it - 7 billion people , small & medium sized companies , midi sized corporations , global corporates , energy & oil companies , communications , banks and governements all paying their bills and transferring expenses by gold & silver coin ........ I can already see how well that will work out .........
SHTF = much less people. Given the scarcity of food, land that yields good food & energy you should expect the world population to reduce to 5 billion or less very soon.