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Topic: Gold collapsing. Bitcoin UP. - page 493. (Read 2032286 times)

full member
Activity: 238
Merit: 100
BILIBIT.IO -1st Decentralized Token in Philippines
February 17, 2015, 05:48:54 AM
so sad:

AT&T charges $29 more for gigabit fiber that doesn’t watch your Web browsing

http://arstechnica.com/business/2015/02/att-charges-29-more-for-gigabit-fiber-that-doesnt-watch-your-web-browsing/

wow...i hope they bankrupt
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
February 17, 2015, 03:15:41 AM
I line the way these guys talk;

The Winklevoss twins have been vocal in their belief that bitcoin can match up with, or beat, the market for gold. Tyler told VICE News that if the currency can become a "better gold" — a commodity with long-term, bankable value — it could have a market cap of more than $1 trillion.

https://news.vice.com/article/a-nasdaq-for-bitcoin-vice-news-interviews-the-winklevoss-twins-about-the-future-of-cryptocurrency
As much as I want to, I can't hate the Winklevoss twins. I feel the same way about Libertarians. Bitcoin brings everyone together in spite of their differences. I guess it takes all kinds of ingredients to make a great recipe.
newbie
Activity: 35
Merit: 0
February 17, 2015, 03:01:14 AM
so sad:

AT&T charges $29 more for gigabit fiber that doesn’t watch your Web browsing

http://arstechnica.com/business/2015/02/att-charges-29-more-for-gigabit-fiber-that-doesnt-watch-your-web-browsing/
A good VPN is about 5 euros/month.

Take the $29 discount, route 100% of your traffic through a VPN, and you still come out ahead.

but how can you know that the VPN won't watch you?
legendary
Activity: 1400
Merit: 1013
February 16, 2015, 10:09:46 PM
so sad:

AT&T charges $29 more for gigabit fiber that doesn’t watch your Web browsing

http://arstechnica.com/business/2015/02/att-charges-29-more-for-gigabit-fiber-that-doesnt-watch-your-web-browsing/
A good VPN is about 5 euros/month.

Take the $29 discount, route 100% of your traffic through a VPN, and you still come out ahead.
member
Activity: 84
Merit: 10
February 16, 2015, 10:08:48 PM
seems that bitcoin is collapsing again Sad
legendary
Activity: 1764
Merit: 1002
February 16, 2015, 09:54:48 PM
Michael Casey, incredibly frank:

https://www.youtube.com/watch?v=_LWk_P3g2fc
legendary
Activity: 1764
Merit: 1002
February 16, 2015, 08:17:56 PM
so sad:

AT&T charges $29 more for gigabit fiber that doesn’t watch your Web browsing

http://arstechnica.com/business/2015/02/att-charges-29-more-for-gigabit-fiber-that-doesnt-watch-your-web-browsing/
legendary
Activity: 1764
Merit: 1002
February 16, 2015, 07:09:26 PM
I line the way these guys talk;

The Winklevoss twins have been vocal in their belief that bitcoin can match up with, or beat, the market for gold. Tyler told VICE News that if the currency can become a "better gold" — a commodity with long-term, bankable value — it could have a market cap of more than $1 trillion.

https://news.vice.com/article/a-nasdaq-for-bitcoin-vice-news-interviews-the-winklevoss-twins-about-the-future-of-cryptocurrency
legendary
Activity: 961
Merit: 1000
February 16, 2015, 05:00:27 PM

well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.

In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems.

When you come down to it, the primary complaint detractors have against bitcoin is they cannot socialize their own losses, that are a result of their own incompetence, on others . The prospect that they will directly bear the consequences of their own bad decisions, and not be able to force their loses on others, scares them to death.

Those of us who are sick and tired of have other people's losses forced on us (as uki promotes), look at bitcoin as a salvation.

Nailed it. Another thing is that abandoning personal responsibility for the supposed safety of the "experts" or authorities makes you incapable of critical thought and independence. You can see the same effect in pretty much every area where government is heavily involved. Nowadays people can't even educate their own children, care for their own health, plan their own retirement or handle their own money. A pretty sad state of affairs which can imo be only remedied by relocating responsibility where it belongs and where it is most effective: with the individual.

I'd suggest your taking it slightly too far here, a person can not be an expert in everything, there simply is not enough time in the day. TRUST being the key issue. I trust a teacher to provide a good education or a service to perform as they claim. Obviously due diligence is an important factor but an unwatched business will frequently cut corners/ take extra risk to make a profit. (hence the misconception regulation will improve the status quo). The point most detractors don't seem to realise is that theoretically at least, Bitcoin businesses have the potential to eliminate the need for trust entirely.  (just wish more of them would implement it already)

This is hugely valuable and seldomly mentioned in the mainstream media.

Agree. For businesses: almost instant payment, no chargeback, multisig (no siphoning off funds), smart contracts (no reneging on deals). Main thing to solve is to verify the delivery from Person A to Person B without using a third party.
hero member
Activity: 544
Merit: 500
hero member
Activity: 544
Merit: 500
February 16, 2015, 04:46:28 PM

well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.

In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems.

When you come down to it, the primary complaint detractors have against bitcoin is they cannot socialize their own losses, that are a result of their own incompetence, on others . The prospect that they will directly bear the consequences of their own bad decisions, and not be able to force their loses on others, scares them to death.

Those of us who are sick and tired of have other people's losses forced on us (as uki promotes), look at bitcoin as a salvation.

Nailed it. Another thing is that abandoning personal responsibility for the supposed safety of the "experts" or authorities makes you incapable of critical thought and independence. You can see the same effect in pretty much every area where government is heavily involved. Nowadays people can't even educate their own children, care for their own health, plan their own retirement or handle their own money. A pretty sad state of affairs which can imo be only remedied by relocating responsibility where it belongs and where it is most effective: with the individual.

I'd suggest your taking it slightly too far here, a person can not be an expert in everything, there simply is not enough time in the day. TRUST being the key issue. I trust a teacher to provide a good education or a service to perform as they claim. Obviously due diligence is an important factor but an unwatched business will frequently cut corners/ take extra risk to make a profit. (hence the misconception regulation will improve the status quo). The point most detractors don't seem to realise is that theoretically at least, Bitcoin businesses have the potential to eliminate the need for trust entirely.  (just wish more of them would implement it already)

This is hugely valuable and seldomly mentioned in the mainstream media.
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
February 16, 2015, 03:20:56 PM

well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.

In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems.

When you come down to it, the primary complaint detractors have against bitcoin is they cannot socialize their own losses, that are a result of their own incompetence, on others . The prospect that they will directly bear the consequences of their own bad decisions, and not be able to force their loses on others, scares them to death.

Those of us who are sick and tired of have other people's losses forced on us (as uki promotes), look at bitcoin as a salvation.

Nailed it. Another thing is that abandoning personal responsibility for the supposed safety of the "experts" or authorities makes you incapable of critical thought and independence. You can see the same effect in pretty much every area where government is heavily involved. Nowadays people can't even educate their own children, care for their own health, plan their own retirement or handle their own money. A pretty sad state of affairs which can imo be only remedied by relocating responsibility where it belongs and where it is most effective: with the individual.
legendary
Activity: 3122
Merit: 1538
yes
February 16, 2015, 03:11:37 PM
this new Princeton education video is fantastic and just what we need to educate the masses:

https://www.youtube.com/watch?v=fOMVZXLjKYo

56 mins too long, and blank pages with text only... This won't cut it for the masses.
legendary
Activity: 1764
Merit: 1002
February 16, 2015, 02:49:55 PM

well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.

In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems.

When you come down to it, the primary complaint detractors have against bitcoin is they cannot socialize their own losses, that are a result of their own incompetence, on others . The prospect that they will directly bear the consequences of their own bad decisions, and not be able to force their loses on others, scares them to death.

Those of us who are sick and tired of have other people's losses forced on us (as uki promotes), look at bitcoin as a salvation.

It's even more than that.

It's that with Bitcoin they recognize they can't purposefully exploit the system to their own advantage for enormous profits, let alone offload their losses.
legendary
Activity: 1153
Merit: 1000
February 16, 2015, 02:22:16 PM

well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.

In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems.

When you come down to it, the primary complaint detractors have against bitcoin is they cannot socialize their own losses, that are a result of their own incompetence, on others . The prospect that they will directly bear the consequences of their own bad decisions, and not be able to force their loses on others, scares them to death.

Those of us who are sick and tired of have other people's losses forced on us (as uki promotes), look at bitcoin as a salvation.
legendary
Activity: 1764
Merit: 1002
February 16, 2015, 11:38:43 AM
this new Princeton education video is fantastic and just what we need to educate the masses:

https://www.youtube.com/watch?v=fOMVZXLjKYo
hero member
Activity: 544
Merit: 500
February 16, 2015, 07:30:13 AM

well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.

In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems.



 
uki
legendary
Activity: 1358
Merit: 1000
cryptojunk bag holder
February 16, 2015, 06:18:39 AM
this news is very timely, as BTC just started a mini-rebound from the bottom area:
7170 BTC stolen at BTER - https://bter.com/
here Cointelegraph report on the BTER hack:- http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin
sometimes BTC reminds of gold market too much...

tss pussies.. Grin

Hackers steal £650 million in world's biggest bank raid
http://www.telegraph.co.uk/news/uknews/crime/11414191/Hackers-steal-650-million-in-worlds-biggest-bank-raid.html



The new armed robbery.

So they lost about 1/3 of one days ECB printing...  or 0.06% of their current QE tranche.  Oh Dear.

Thinking about that...  If the same headline was true 20 times per week, every week, for the next year and a half, it wouldn't soak up what they ADMIT to printing.  Sick.
well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.
legendary
Activity: 2016
Merit: 1259
February 15, 2015, 07:17:57 PM
this news is very timely, as BTC just started a mini-rebound from the bottom area:
7170 BTC stolen at BTER - https://bter.com/
here Cointelegraph report on the BTER hack:- http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin
sometimes BTC reminds of gold market too much...

tss pussies.. Grin

Hackers steal £650 million in world's biggest bank raid
http://www.telegraph.co.uk/news/uknews/crime/11414191/Hackers-steal-650-million-in-worlds-biggest-bank-raid.html



The new armed robbery.

So they lost about 1/3 of one days ECB printing...  or 0.06% of their current QE tranche.  Oh Dear.

Thinking about that...  If the same headline was true 20 times per week, every week, for the next year and a half, it wouldn't soak up what they ADMIT to printing.  Sick.
legendary
Activity: 961
Merit: 1000
February 15, 2015, 05:46:44 PM
this news is very timely, as BTC just started a mini-rebound from the bottom area:
7170 BTC stolen at BTER - https://bter.com/
here Cointelegraph report on the BTER hack:- http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin
sometimes BTC reminds of gold market too much...

tss pussies.. Grin

Hackers steal £650 million in world's biggest bank raid
http://www.telegraph.co.uk/news/uknews/crime/11414191/Hackers-steal-650-million-in-worlds-biggest-bank-raid.html



The new armed robbery.
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