Topic: Silver is important (Read 1853 times)

ive invested in silver, but one thing that makes me think that the value might not rise is asteroid mining, does anybody know about that?
a precious metal isnt very valuable if we have access to an abundance of it.

Only one correct way to make colloidal silver so it can't make your skin blue and is effective:

http://www.cgcsforum.com/

You need to consume 200+ml per day, not spoons only.

You learn something new everyday. Thanks for reply.

silver and gold are long term investments.

Yup, it's one of the few (only?) claims that can legally be made when selling Colloidal Silver in Australia. Good for water purification.

I thought this would be false but wikipedia says


learn something new every day

You can pass a low voltage thru 2 silver wires in pure water, creating Colloidal Silver (many guides online).

Then you can add this to your water for purification (from bacteria, virus, parasite etc), filtering particles you'd still need to do.

so gross=))

So how does one go about purifying water with a silver coin?

LoL in response to my post I guess someone did already post this and I wasn't really seeing things lol..

IDK why, I must be getting tired, but I read the previous comment as, "The failure of the powers to provide us with a stable and usable toilet paper"  I was like wait a sec... I guess that is a wide spread disaster   

As far as Bitcoins' silver is concerned - Litecoin is probably a great investment right now. If/..yes when  the day ever comes where ASIC's start making GPU mining a waste of time for BTC mining - I'm guessing that many miners will migrate over to scrypt, rather than close down shop.

I like "junk" silver coins. They are quite easy to find at the spot price, don't take up too much room and have good historic associations. However, unless/until we get to a hyper-inflationary scenario, I don't see the silver price doing much. So they are very much a long-term hold, like gold.

It's a feature not a bug.

Silver can purify water.

I'm having trouble finding the BTC-Vagina exchange rate. I guess it varies by location?

OK, understood. But that only helps in meatspace situations. BTC is nice because you can still trade with anyone in the world, including meatspace transactions, provided of course there is internet connectivity.

What are they trading these days with in Cyprus? They still have internet there in spite of their extended "holiday" period.

Hey good point! What is the miner's cost?

The difficulty is going to raise by a factor of 10 - 100 once the ASICs are released, so I am calculating something like 1/10 to 1 coins per day on a $1299 investment, with 25 - 50 cents of electric costs per day.

http://www.bitcoinx.com/profit/

To pay off $1299 in one year on Windows calculator (scientific mode) is 1299 (inv key) (x ^ y key) = $1 per day. Add the electric costs.

I am assuming only 1 year because not only facing Moore's Law, but also dedicated hardware advances on hashing (but if ASICs is the last big leap, then we could factor in Moore's law for say a 5 year declining income on the same investment).

So it looks like the cost to produce 1 coin is in the range of $1 - $10. That is very rough estimate given only a few minutes of my time invested. Someone else could do a more exhaustive study.

-----------------------------

However there is another way of looking at this. The difficulty tends to rise until the cost of production gets very close to the value of the coins.  Because as long as mining is profitable, then more miners enter the market, until the total computational power in the system scales up the difficulty until the cost of mining is nearly equal to the value of the coins mined. This is the prisoner's dilemma flaw of the Bitcoin design.


The absurdity of Bitcoin is the supply is arbitrary and artificially limited. There is no way this can stand in a free market. The creator of Bitcoin must have known what he was doing. And this is probably why he remained anonymous. He has probably cashed in on $millions or will.

He knew very well he would create a ponzi scheme and that he would rich on it.

The creator Bitcoin was another Bernie Madoff. He is not a hero!

You've all been hoodwinked!

Yeah the design is genius, for the creator. The rest of you (who did not get in early) will be victims at the end.

Thanks for inspiring me to write the following:

http://bitcoin.stackexchange.com/questions/8671/any-counter-proof-that-satoshi-nakamoto-did-not-design-a-ponzi-scheme-on-purpose

They mine silver for $5-$7 an ounce, it's was pumped and dumped just like Bitcoin is now, by the same people!  

Always find the production cost and don't pay much more than that.

What about vagina? I can't live without that