Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 371. (Read 771301 times)
November 14, 2013, 09:38:18 PM
I don't really understand why people think there is to be one ultimate company that makes mining hardware. Are you that ingrained in competition in basic life that it's like the Highlander out here? Competition is good and so is the news that there is this much demand for mining hardware. Thanks, finlof.
November 14, 2013, 09:38:05 PM
All the more reason for Ken to get our machines up and running, proving to the world we can attain a huge hashrate. Once we show we have 100TH/s or more, people will want to buy our machines.
Come on Ken! Lets get hashing!
November 14, 2013, 08:44:28 PM
why are Chinese billionaires more likely to invest in BTC than any other nation?
China is embracing BTC like no other country. The government have all but backed it. The 'Chinese ebay' is accepting BTC for some sellers. The Chinese are huge savers. China has the largest BTC exchange in the world. The Chinese economy is awash with 'new money' held by young forward thinking Billionaires who are more likely to trust crypto-currencies than old-school Western money that is more traditional in it's investment choice. That is only a short list, why are you so dismissive?
+1. Suggesting that the chinese are not enthusiastic about bitcoin is ridiculous. It would imply that either btcchina exchange statistics are falsified or bitcoin is being purchased in massive quantities by random non-chinese holders of yuan - neither is likely.
But really, what's the point here? That we should have the website in chinese? If so, then I'm all for that. Arguing about the reason for the rise in price is not on topic.
*edited for grammar and content
Sorry all but I cant resist one last post about China - last one I promise!
Minerpart talked specifically about Chinese billionaires, to which I pointed out there were not so many of them (compared to the US, Europe or Russia) and that there was no evidence to suggest they were more likely to invest in bitcoin than any other billionaire in another country.
The points about Chinese uptake of bitcoin are all valid points but say nothing specific about the actions of Chinese billionaires
Anyone who has been to China, or studied it will know that it is a corrupt system with billionaire politicians and shady deals done behind closed doors. Billionaires in China don't become billionaires through having billion dollar ideas - they do it through 'guanxi' AKA relationships. You scratch my back, il scratch yours.
So I would actually argue that a Chinese billionaire is less likely to invest in bitcoin than the middle classes because a Chinese billionaire can continue to make billions doing exactly what they are doing now. Bitcoin is far more of a gamble than for example property where the right people with the right connections can secure good land at cheap prices and make thousands of percent profits with minimal risk.
Then expand this tactic ad infinitum
November 14, 2013, 08:33:44 PM
Originally posted at http://bitell.sinaapp.com/show.php?tid=679 (Chinese)
November 14, 2013, 08:27:38 PM
November 14, 2013, 08:20:23 PM
Quote
The machines are priced in fiat, so the promise is in fiat.
This is a bad promise. What if Bitcoin price crashes? (maybe not now, but few years from now; after all it crashed from $30 to $1 in 2011... who knows?)
Don't promise anything, as it is unwise for the mining company to take any such risks.
November 14, 2013, 06:26:52 PM
...
In January 2009, economic blogger and investment adviser Michael Shedlock wrote: "I have talked with many who claim they have invested with Schiff and are down anywhere from 40% to 70% in 2008"
In January 2009, economic blogger and investment adviser Michael Shedlock wrote: "I have talked with many who claim they have invested with Schiff and are down anywhere from 40% to 70% in 2008"
Not a P. Schiff fan myself either but pretty much everybody was down 40-50% if not way more in 2008...
Fair point, but he's supposed to be the guy who foretold of the coming economic crisis from 2005 through 2007 and beyond. Seems like he's been predicting hyperinflation since 2009-10, still waiting on that one 4 years in.
Edit - S+P was down almost 40% in 2008 but for hedge funds 20% was the average.
Hedge Funds in general finished 2008 -18.3%, compared to S&P -37%.
http://www.marketfolly.com/2009/01/2008-hedge-fund-performance-numbers.html
November 14, 2013, 06:13:56 PM
...
In January 2009, economic blogger and investment adviser Michael Shedlock wrote: "I have talked with many who claim they have invested with Schiff and are down anywhere from 40% to 70% in 2008"
In January 2009, economic blogger and investment adviser Michael Shedlock wrote: "I have talked with many who claim they have invested with Schiff and are down anywhere from 40% to 70% in 2008"
Not a P. Schiff fan myself either but pretty much everybody was down 40-50% if not way more in 2008...
November 14, 2013, 05:46:32 PM
I don't know much about this guy Peter Schiff but if you go to his 'slick' website you get a popup inviting you to take out a $70 a year subscription to his audio material. Now if the guy is supposed to be such an authority on all things stock related then why can't he trade and invest his way to financial demi-god status? He clearly can't get the results he want's from personal or public (his broker service) investment so he needs to sell his BS views to gullible club members - views which earn him nothing in the real world.
Why is he reduced to selling $70 memberships to his members club? The answer is he has no substance, no success in the markets, he's nothing but a salesman. If he backed Bitcoin I'd be much more worried.
OK just found this, looks like I'm not far off the mark, From the wiki page about him-
In January 2009, economic blogger and investment adviser Michael Shedlock wrote: "I have talked with many who claim they have invested with Schiff and are down anywhere from 40% to 70% in 2008"
Why is he reduced to selling $70 memberships to his members club? The answer is he has no substance, no success in the markets, he's nothing but a salesman. If he backed Bitcoin I'd be much more worried.
OK just found this, looks like I'm not far off the mark, From the wiki page about him-
In January 2009, economic blogger and investment adviser Michael Shedlock wrote: "I have talked with many who claim they have invested with Schiff and are down anywhere from 40% to 70% in 2008"
November 14, 2013, 04:41:57 PM
I've had enough of China too.
I only brought up the Winklevoss prediction and tried to work out part of the journey towards this 400Bill Market cap to steer the thread into a bit of positive talk for a bit. Didn't really work. (exasperated) Every second person on here knows better than you do it seems - and they aren't afraid to tell you.
I only brought up the Winklevoss prediction and tried to work out part of the journey towards this 400Bill Market cap to steer the thread into a bit of positive talk for a bit. Didn't really work. (exasperated) Every second person on here knows better than you do it seems - and they aren't afraid to tell you.
actually, this report from bother john is pretty interesting, if you we need a topic of discussion other than AMC:
Bitcoin Report Volume 57 (Bitcoin Blowhards)
Super good! Thanks for sharing. I always liked this guy. Pretty disappointed in Schiff's take on BTC, but it totally makes sense since Schiff is a huge gold-bug, and BTC is on track to compete with gold as an alternative to fiat.
November 14, 2013, 03:59:29 PM
tomorrow it the report day.
I will be waiting!
I will be waiting!
November 14, 2013, 02:52:40 PM
Back on topic - we should explore temporary listing on Havelock - a good exchange that is trying to future proof
Thats a waste of Ken's time. The SEC will contact them and it will be shutdown to US investors. Lets just go with direct shares. If someone wants to make a pass through then they can. Let Ken get the miners hashing instead of managing the shares.
November 14, 2013, 02:48:08 PM
I've had enough of China too.
I only brought up the Winklevoss prediction and tried to work out part of the journey towards this 400Bill Market cap to steer the thread into a bit of positive talk for a bit. Didn't really work. (exasperated) Every second person on here knows better than you do it seems - and they aren't afraid to tell you.
I only brought up the Winklevoss prediction and tried to work out part of the journey towards this 400Bill Market cap to steer the thread into a bit of positive talk for a bit. Didn't really work. (exasperated) Every second person on here knows better than you do it seems - and they aren't afraid to tell you.
actually, this report from bother john is pretty interesting, if you we need a topic of discussion other than AMC:
Bitcoin Report Volume 57 (Bitcoin Blowhards)
http://i1.ytimg.com/vi/U0CvAeNlku0/mqdefault.jpg
That was quite interesting.
November 14, 2013, 02:46:47 PM
Back on topic - we should explore temporary listing on Havelock - a good exchange that is trying to future proof
Thats a waste of Ken's time. The SEC will contact them and it will be shutdown to US investors. Lets just go with direct shares. If someone wants to make a pass through then they can. Let Ken get the miners hashing instead of managing the shares.
November 14, 2013, 02:28:05 PM
Back on topic - we should explore temporary listing on Havelock - a good exchange that is trying to future proof
November 14, 2013, 01:07:55 PM
I've had enough of China too.
I only brought up the Winklevoss prediction and tried to work out part of the journey towards this 400Bill Market cap to steer the thread into a bit of positive talk for a bit. Didn't really work. (exasperated) Every second person on here knows better than you do it seems - and they aren't afraid to tell you.
I only brought up the Winklevoss prediction and tried to work out part of the journey towards this 400Bill Market cap to steer the thread into a bit of positive talk for a bit. Didn't really work. (exasperated) Every second person on here knows better than you do it seems - and they aren't afraid to tell you.
actually, this report from bother john is pretty interesting, if you we need a topic of discussion other than AMC:
Bitcoin Report Volume 57 (Bitcoin Blowhards)
November 14, 2013, 01:05:45 PM
There a lot of statistics and data in the article I put up a link to.
'The Diplomat.....international current-affairs magazine for the Asia-Pacific region. Since its launch in 2002'
It's from this year too, and you can see the source. Unlike your 14 year old chart with no known source. (snigger)
End of contact. Nothing you say is valid, or has any worth, just endless attempts at mockery and I'm not in the playground anymore. Unlike you, you sad sad little man.
'The Diplomat.....international current-affairs magazine for the Asia-Pacific region. Since its launch in 2002'
It's from this year too, and you can see the source. Unlike your 14 year old chart with no known source. (snigger)
End of contact. Nothing you say is valid, or has any worth, just endless attempts at mockery and I'm not in the playground anymore. Unlike you, you sad sad little man.
Lol, let the buthurt flow through you. Source: http://en.wikipedia.org/wiki/Gini_coefficient
C'mon crumbs...you're flat out on the wrong side of this argument. Why the f do you get such a kick out of trolling? That cheerleader in your avatar isn't really cheering for you...
Chinese are savers - over 50% unlike Americans
Chinese like doing business in cash since they don't trust banks or their gov't
btcchina exchange volumes are immense
CCTV has put on 5 part educational shows on bitcoin - that essentially means that the gov't wants citizens to use it
Anyway, the only point to discussing Chinese interest in BTC is the market for ActM to sell mining equipment. Everything else belongs in another thread.
*yes - I responded to crumbs and I hate myself, a little*
November 14, 2013, 01:05:14 PM
I've had enough of China too.
I only brought up the Winklevoss prediction and tried to work out part of the journey towards this 400Bill Market cap to steer the thread into a bit of positive talk for a bit. Didn't really work. (exasperated) Every second person on here knows better than you do it seems - and they aren't afraid to tell you.
I only brought up the Winklevoss prediction and tried to work out part of the journey towards this 400Bill Market cap to steer the thread into a bit of positive talk for a bit. Didn't really work. (exasperated) Every second person on here knows better than you do it seems - and they aren't afraid to tell you.
November 14, 2013, 01:00:55 PM
here's a thread: https://bitcointalksearch.org/topic/m.297869
feel free to go there to discuss China.
feel free to go there to discuss China.
Jump to: