Topic: Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS - page 155. (Read 388610 times)

Why don't you take this off topic discussion somewhere else?
This is the CAP thread..

Sorry for my tone friend . But isn't a rather large thing to overlook . I fear you might not grasped the gravity of the problem here that is very soon likely to intimately effect many including yourself.

Price will go up when the diff goes up, as people won't sell it below cost. When the next round of POS hits, it'll probably go up past 0.0002, and with more miner interest, maybe past 0.0003. Untl the next round of POS, multipool is probably not a good diea, let me explain: When multipool mines a coin, it drives the difficulty up, and causes orphans due to the sudden high hashrate creating blocks faster than they were meant to be. Once the difficulty goes up, it is no longer the mostprofitable coin to mine, as the price would not have had time to catch up, so the coin is stuck with an even higher difficulty, and it takes longer for it to go back down, reducing the profit of the coin causing even more miners to leave, and the value to go down. However, the effects of it are much less if there are more people mining this coin fulltime, and not on a multipool. Anyways, when the next big round of POS starts a month from now, this coin should have gained enough miners to reduce the impact of multipool. However, multipool does command something like 800MH/s, so maybe not; consider thgat the network right now at any given moment is doing 50-70.

anyways...back to the thread at hand..this thread actually is supposed to be for CAPs right..

anyone expect to see it hit back up around 0.0002btc anytime soon or likely to stay here for a while?
and going back to the multiport question..is it going to be added to the cycle on Multipool anytime soon...is that why it was brought up earlier? I'm still not sold on that idea yet but maybe its a good thing at this stage.

actually the reason "we are in a lot of trouble" is because of arrogant s.o.b.'s like you.. yes yes, we can clearly see you know everything and must school us and "our lives are a lie" yada yada"
are you actually reading what you are writing? anyways, i'll let you get back to your mirror

i have to go school myself! lol

Hey  guys I think im may have cleared up your confusion in this link .

https://bitcointalk.org/index.php?topic=288097.new#new

John Eden this relates to my comment very early at the start of the caps thread .

Hi,

There was an outage indeed because of server failure. Now pool is back online. Sorry for inconvenience.

feeleep

To help you guys I found something on wikipedia a known rock solid source of information !  : D

Just going to grab....

**  having problem with tablet , also Im just fraudulently editing the wiki so that it say what I want it to say ....

Wont be long .....

Lets ignore this whole " banks ruined my slave life "  and get back to the important business of the day .

^^^^

There is another ingredient that makes this whole equation much more interesting , lets play .

Guess what it is . ? ?

^^^^^^

I advise this , ignorance is bliss , finding out your life is a lie and you are doomed to a lower standard of living can be disruptive .

Wrong again ,

Its beautiful to watch at least 15 or more people realize their life is a lie...

The money is not " loaned from a bigger bank " it is created , it is new money that did not exist before , it is by definition inflating the money supply , it did not exist before .

New loan = new money .

Paid loan = extinguished money .

Any intelligent guy want to have a crack at the rest of this .....

That is because you likely have half of an education , I dont want to go back and have to read all that but I will if I have to , a reserve ratio is just that a ratio of reserve .

If that is too difficult for people to understand then unfortunately you maybe beyond help.

The " reserve ratio" relates ofcourse to the age old magic of " fractional reserve lending" .

Deposits only make up the reserve so that the " general ledger" can allow for the issuance of new money to be loaned into existance , thats right kiddies , loaned into existance .

The fact that its 2013 and the fact that you are ignorant of this is the reason we are in a lot of trouble.

I can link you to some fast paced video so that you may school yourself if you like ?

Pool and pool website are down. Could the pool operator please check this?

http://cap.coinmine.pl/

Anyways...the whole banking thing doesn't matter here and people are going to think whatever they want...whether right or wrong.

So Multiport ..should we want Caps on there or not? Good or not...curious what consensus is and why..

You're all wrong (at least partially), unless I'm mis-interpreting something you guys said. The local banks lend out money that they have, but the majority of that money is not depositors money, it's money from a bigger bank that they borrrow from. That bigger bank in turn borrows it from a bigger bank, think Bank of (un)America(n). Those banks in turn borrow money from the Federal Reserve which is the entity that illegally prints money out of thin air. (That's actually the Mint's job as per the Constitution, but apparently the reserve too big to jail.) You're welcome. Oh by the way, the Federal Reserve's board of directors is made up of executives from the biggest 13(? I think thirteen) banks.

You seriously want it on Multi port? Why? I'm glad it is not! Do you think it is beneficial Isawhim? Please explain

Apparently no one is interested in selling their CAP at a profit anymore. lol

^^^ this is basically how it works.

How Digital industry thought that banks don't lend out money that is deposited into banks is beyond me and couldn't be further from the truth!

"Why banks don't LEND ALL YOUR MONEY."
https://simple.com/blog/Banking/why-banks-dont-lend-all-your-money/

Banks (financial institutions) DO loan out deposits/savings/holdings, which is regulated and insured, thus FDIC (Federal Deposit Insurance Corporation) and US-Treasury department regulations. That is why cypress bank, and many others, didn't have enough money to let everyone withdraw all at once. That is also why banks go bankrupt. How could they go bankrupt if they "had all your money". Because they lent it all out, that is why.

I am not sure what world you live in, but that was the whole purpose of banks and bank bail-outs. They don't "create money" for every loan, only the "federal reserve" is allowed to "create money", and that has nothing to do with loans. (Here in the USA.)

They wouldn't have to "reserve" anything if they were not lending it out. Yes, they use ledgers to "track the lendings". (Lending it to a corporate branch is still lending.) All money goes to the corporate branch, to be lent-out, based on individual banks "loan approvals", except for a percentage which is held on location. The biggest bank frauds is giving yourself loans, approving your own loans for funds you can't ever pay back, using payments from other loans as "proof" of payments to get more. You get your customers money, and money from other banks corporate customers, for those loans. Which is why there are laws regulated by FDIC and FTC and US-Dept Treasury. Limiting those bad banks from doing real damage.

1000 people deposit $1, 10 withdraw $1 now, $1 later, $1 later-on, $1 after that... The rest stays in savings or is "backed" (non-existent, but accepted as existing, based on future loan-payments coming in.) You never get back your dollar, you are getting a dollar that was lent-out and just now paid-back by someone who just paid-back a loan from the bank, or borrowed from another accounts savings that was just deposited.

Value only increases with loss. You borrow $1000, but you have to pay back $1200, thus, you LOST $200 on something that should have only cost you $1000. Thus, there are now $200 extra value for the bank to distribute or "claim" as payment. Devaluing is when the government "creates money from nothing". Which is a still not that much. (Most "bills from nothing", are replacements for damaged, or retired bills/coins. The rest is "over-printing", which adjusts for population and SOME losses. Including reprinting bills that others are holding illegally, which have not been recorded as in "circulation". Because if China held all our physical paper money, we would have nothing left to physically circulate. Bills are just "notes of funds", generic "checks", that represent held funds or funds that have been lent.)

There MAY be some banks that don't do standard banking, but I don't know of any who don't operate like this. That would be a deposit-box bank only, or a reserve-only bank. They HAVE to lend your money, or charge you to hold your money.

Credit lenders are NOT the only place to get loans. They are just bigger risk-takers than banks are. Which is why they have higher fees than banks have. You have to have a lot of assets and perfect credit to get a loan from most banks. Credit card lenders, lend money acquired from investors and borrowed money that they got on loans, only require a signature in many cases. Banks use "credit services" to provide additional security to the credit lenders, and to provide us with credit we can actually obtain. The loss is still towards the credit lender, not the bank. Which is why banks often use Mastercard or Visa for a credit lender service. They have no actual ties to MC or Visa themselves. They are simply pushing the risk to an outside source, because they don't want to assume those potential losses which places other customers at risk, by giving YOU their accounts funds. Why, when they can just "hook you up" with someone-else that is willing to take that loss.

Finacial institutions do not " loan out deposits" .

They loan new money into existence, the reserve balance is just a "genral guide"

If a bankruptcy occures , the account is moved from one "general ledger" to a "default ledger"

There are many other useless little regulation Inbetween.

The point to remember is that the signature authority gives power to create new money to be loaned I to existence the reserve only is referenced to the "guide" of a reseve ratio .

Don't think too much about this otherwise you may realize your whole life is a lie and end up like Anonymint.
Let me help you ....

Every peice of new money created means you will have a lower standard of living , if you work and get a wage you will be the working poor in the future , because we are at or near the end of the supercycle , ....

Individuals will never have a higher standard of living unless you can invest in a transferable wealth vehicle.