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2nd November 2014, 08:52 PM | #241 |
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6th November 2014, 02:02 PM | #242 |
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BTC might still have value as a speculative investment, but anyone who believes that it will ever have any great utility as a currency has to view the arrival of Apple Pay with great alarm. Why would anyone use BTC when a widely accepted, secure, stably-valued alternative is available?
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6th November 2014, 02:27 PM | #243 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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6th November 2014, 02:31 PM | #244 |
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As Einstein once said, "If you can't think of something relevant to say, just make something up and attribute it to some really smart dead guy." "I find your lack of pith disturbing," - Darth Rotor .......... Don't be offended. I'm not calling you a serial killer. -- Ron Tomkins. |
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6th November 2014, 03:30 PM | #245 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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6th November 2014, 04:17 PM | #246 |
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As Einstein once said, "If you can't think of something relevant to say, just make something up and attribute it to some really smart dead guy." "I find your lack of pith disturbing," - Darth Rotor .......... Don't be offended. I'm not calling you a serial killer. -- Ron Tomkins. |
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7th November 2014, 01:58 AM | #247 |
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8th November 2014, 07:59 PM | #248 |
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Saw this on Gizmodo: Large BTC mining op in Thailand went up in flames due to shoddy wiring (they deny this, but the images speak for themselves). Big enough to cause a drop in global mining rates. Equipment uninsured.
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A question is asked of a scientist and a woo peddler: "Why does this do that?" The scientist responds, "I don't know, let's find out," and begins observing. The woo peddler responds, "It must be mystical in nature," and declares victory. |
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8th November 2014, 11:44 PM | #249 |
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Not according to Bitcoin Wisdom (https://bitcoinwisdom.com/bitcoin/difficulty).
The mining difficulty continued on its never ending climb upwards during October (the fire was on October 14). |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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9th November 2014, 10:23 AM | #250 |
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9th November 2014, 12:20 PM | #251 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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9th November 2014, 01:23 PM | #252 |
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9th November 2014, 02:21 PM | #253 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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9th November 2014, 03:37 PM | #254 |
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9th November 2014, 04:04 PM | #255 |
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Apple pay isn't global yet. It is still pretty much confined to the US although it is possible to use it in other countries if you have the "right" card (http://www.smh.com.au/digital-life/m...22-119ov9.html).
Either way, it is still comparing apples with oranges. They fulfill different roles and the success of one does not preclude the success of the other. |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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9th November 2014, 06:37 PM | #256 |
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There is a dip around Oct 14, but you are right, the trend is upward. I got that information from the original article I found before reading Gizmodo.
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A question is asked of a scientist and a woo peddler: "Why does this do that?" The scientist responds, "I don't know, let's find out," and begins observing. The woo peddler responds, "It must be mystical in nature," and declares victory. |
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10th November 2014, 07:35 AM | #257 |
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Sufficiently advanced Woo is indistinguishable from Parody "There shall be no *poofing* in science" Paul C. Anagnostopoulos Force ***** on reasons back" Ben Franklin |
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10th November 2014, 10:03 AM | #258 |
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This bit of news should make jhunter absolutely gleeful:
Ukraine Central Bank Bans Bitcoin "To Protect Citizens" From Financing Terrorism He and the rest of us can rest that much easier knowing that Ukrainian citizens are now protected from financing terrorism. Perhaps Ukrainians should look into purchasing iphones. |
10th November 2014, 10:25 AM | #259 |
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10th November 2014, 10:48 AM | #260 |
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Isn't it amazing that anybody who is not willing to let the government scrutinize their finances is automatically a dealer/terrorist/criminal with something to hide.
Why don't you just do away with the pesky constitution so you can really crack down on dissidents? |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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10th November 2014, 12:12 PM | #261 |
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Sufficiently advanced Woo is indistinguishable from Parody "There shall be no *poofing* in science" Paul C. Anagnostopoulos Force ***** on reasons back" Ben Franklin |
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10th November 2014, 12:56 PM | #262 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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10th November 2014, 01:03 PM | #263 |
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Sufficiently advanced Woo is indistinguishable from Parody "There shall be no *poofing* in science" Paul C. Anagnostopoulos Force ***** on reasons back" Ben Franklin |
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10th November 2014, 01:32 PM | #264 |
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You just said, "True they are probably just tax evaders". ie anybody who would use an anonymous medium like bitcoin is automatically presumed to be a criminal or tax evader. That is Stalinist stuff.
Maybe we should crack down on those dastardly types who use cash to pay for things. |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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10th November 2014, 01:36 PM | #265 |
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Sufficiently advanced Woo is indistinguishable from Parody "There shall be no *poofing* in science" Paul C. Anagnostopoulos Force ***** on reasons back" Ben Franklin |
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10th November 2014, 02:02 PM | #266 |
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10th November 2014, 02:05 PM | #267 |
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Isn't that what the block chain is all about though? Storing your information and sharing it with everyone so that you can determine who owns which coin so you can't refill your wallet by simply restoring to a backed up version of it.
Because if you can't trust strangers on the internet who can you trust. |
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Sufficiently advanced Woo is indistinguishable from Parody "There shall be no *poofing* in science" Paul C. Anagnostopoulos Force ***** on reasons back" Ben Franklin |
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10th November 2014, 02:24 PM | #268 |
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There is also the issue of being able to trust the authorities to handle the information it has on you appropriately. How do you know that they won't disclose information about you to somebody who has a grudge against you? Somebody who uses a hooker may not want to share that information.
Then there is the fact that the more the government knows about the way you use money, the greater the ability it has to control what you are allowed to use your money for. Do we really want to answer to the government for every penny we spend? |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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10th November 2014, 02:25 PM | #269 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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11th November 2014, 06:17 PM | #270 |
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11th November 2014, 07:51 PM | #271 |
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12th November 2014, 12:22 AM | #272 |
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Why do you keep repeating this nonsense as if it were an established fact?
You have been unable to establish any sort of link (let alone a causal link) between yet another way of taking money out of your bank account and bitcoin prices. Yes. Are you game? |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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12th November 2014, 11:44 AM | #273 |
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BTC is resilient. It just went back over 400 USD.
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30th November 2014, 12:12 PM | #274 |
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30th November 2014, 12:15 PM | #275 |
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30th November 2014, 03:51 PM | #276 |
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11th December 2014, 06:48 AM | #277 |
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12th December 2014, 09:46 AM | #278 |
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Just because a tool is used for evil, it does not make the tool itself evil.
So this is not intended to say, "Bitcoin is bad because of this." It's just that this seems the right place to show it. http://i.imgur.com/ceESaHQ.jpg |
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12th December 2014, 10:19 AM | #279 |
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I can't tell from this if they're accepting it directly, or using Coinbase to lay off the volatility risk. They might accept it directly; Uncle Bill probably has enough money between the cushions of his couch to absorb any losses he might take. Still, though, the arrival of Apple Pay and similar services will relegate BTC to a niche product (at best).
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16th December 2014, 04:11 AM | #280 |
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