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Write your own ideal Lex Bitcoin coming into effect 1.1.2014
Legal
I am sorry but I do not understand how one can use Bitcoin to avoid VAT if it is…
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n/a
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lonelyminer (Peter Šurda) |
May 23, 2012, 06:06:15 PM |
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Class Action Lawsuit vs. Bitcoinica for USD funds
Legal
If somebody steals your car, house, TV, laptop, beer, Facebook account or your d…
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lonelyminer (Peter Šurda) |
May 22, 2012, 08:56:13 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
This is a fascinating debate. I don't have time to reply now but will revisit it…
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lonelyminer (Peter Šurda) |
May 22, 2012, 04:03:12 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
I just had a long walk outside thinking through all the arguments and scenarios…
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lonelyminer (Peter Šurda) |
May 17, 2012, 01:35:25 PM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
Every market participant willing to accept a particular good as payment which ma…
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lonelyminer (Peter Šurda) |
May 17, 2012, 11:25:56 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
You can't create more out of nothing. If I own a rock of gold and own it for the…
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lonelyminer (Peter Šurda) |
May 17, 2012, 09:14:27 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
A customer choosing a more convenient service only able to be provided by commit…
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lonelyminer (Peter Šurda) |
May 17, 2012, 06:34:48 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
And you say I'm the one obfuscating? Stop trolling me, please. Of course bitcoin…
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lonelyminer (Peter Šurda) |
May 17, 2012, 07:30:05 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
Of course it does, it's what makes a money a good money. I mean just have to loo…
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lonelyminer (Peter Šurda) |
May 17, 2012, 07:27:09 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
FULL STOP, that is fraud, stealing from savers holding this same money.If I incr…
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lonelyminer (Peter Šurda) |
May 17, 2012, 07:19:21 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
That simply isn't true with Bitcoin. A depositor retains a claim on ownership bu…
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lonelyminer (Peter Šurda) |
May 17, 2012, 07:17:24 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
The money created by FRB is indeed an increase in money supply; it is increased…
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lonelyminer (Peter Šurda) |
May 17, 2012, 07:09:38 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
Wrong. Money is a special good, because it has to have special properties that m…
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lonelyminer (Peter Šurda) |
May 17, 2012, 07:02:02 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
Non sequitur. The question is whether or not the operator has to relinquish owne…
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lonelyminer (Peter Šurda) |
May 17, 2012, 06:54:37 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
More bad analogies. Again Star Trek replicators do not exist, money printing mac…
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lonelyminer (Peter Šurda) |
May 17, 2012, 06:42:16 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
Right, and I thought you were trying to actually remain open and honest and perh…
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lonelyminer (Peter Šurda) |
May 17, 2012, 06:36:50 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
Oh come on, you aren't being serious. How is putting a sticker on a rock labelin…
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lonelyminer (Peter Šurda) |
May 17, 2012, 06:23:34 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
Bad analogy. Possibility of creating oranges out of nothing != possibility of cr…
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lonelyminer (Peter Šurda) |
May 17, 2012, 06:22:12 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
Oh I see, sorry I skimmed through your posts.. So you're saying the mere act of…
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lonelyminer (Peter Šurda) |
May 17, 2012, 06:11:35 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
If Austrians really argue this then that's simply retarded. If this is true, why…
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lonelyminer (Peter Šurda) |
May 17, 2012, 06:03:43 AM |
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Victoria Grant explains Fictional-Reserve Banking and why everything is crashing
Economics
Based on the Austrian approaches to property rights and the title transfer theor…
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lonelyminer (Peter Šurda) |
May 17, 2012, 05:43:49 AM |
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[Emergency ANN] Bitcoinica site is taken offline for security investigation
Bitcoin Discussion
I'll play a bit of advocatus diaboli:Noone is saying they should put up the OLD…
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lonelyminer (Peter Šurda) |
May 16, 2012, 12:27:04 PM |
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George Selgin advocates Bitcoin AGAIN
Bitcoin Discussion
Actually, the "computer" fed is not an inelastic supply.Non-sequitur.Actually, a…
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lonelyminer (Peter Šurda) |
May 16, 2012, 06:41:31 AM |
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[Emergency ANN] Bitcoinica site is taken offline for security investigation
Bitcoin Discussion
Since Bitcoinica already lost bitcoins through a security compromise twice, putt…
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lonelyminer (Peter Šurda) |
May 16, 2012, 06:40:11 AM |
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George Selgin advocates Bitcoin AGAIN
Bitcoin Discussion
Selgin on the other hand is actually educated and doesn't come off as a dipshit…
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lonelyminer (Peter Šurda) |
May 16, 2012, 06:18:37 AM |
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Bitcoin is NOT a Currency - Etsy Labs, Brooklyn - May 14th
Bitcoin Discussion
If special legal satus is a requirement for a currency, then currency is subject…
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lonelyminer (Peter Šurda) |
May 15, 2012, 06:42:40 AM |
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Bitcoin is NOT a Currency - Etsy Labs, Brooklyn - May 14th
Bitcoin Discussion
Why are you so angry at him? Without listening to his argument even? The law oft…
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lonelyminer (Peter Šurda) |
May 15, 2012, 01:52:58 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
One more thing to add:It is desirable for many people trying to make their commu…
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lonelyminer (Peter Šurda) |
May 14, 2012, 03:32:13 AM |
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Bitcoin is NOT a Currency - Etsy Labs, Brooklyn - May 14th
Bitcoin Discussion
Why are you so angry at him? Without listening to his argument even? The law oft…
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lonelyminer (Peter Šurda) |
May 14, 2012, 01:59:50 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
I also want to clarify what I mean by "good". It's like you could measure prospe…
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lonelyminer (Peter Šurda) |
May 10, 2012, 11:11:39 AM |
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The Big Question: 21 Million Coins (yes, I know its been asked before)
Economics
I have a theory that if a Fractional Reserve System were devised with rules that…
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lonelyminer (Peter Šurda) |
May 10, 2012, 09:14:15 AM |
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The Big Question: 21 Million Coins (yes, I know its been asked before)
Economics
Well, it's not entirely correct that Bitcoin is infinitely divisible. In order t…
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lonelyminer (Peter Šurda) |
May 10, 2012, 07:37:55 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
Until I have time for a more thorough reaction I'll reply partially.Just like he…
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lonelyminer (Peter Šurda) |
May 10, 2012, 07:30:02 AM |
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The Big Question: 21 Million Coins (yes, I know its been asked before)
Economics
Despite the endless discussion, I see no reason why Fractional Reserve Banking s…
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lonelyminer (Peter Šurda) |
May 10, 2012, 06:08:00 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
What a delightful and professional debate. Wish there were more like it. Don't h…
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lonelyminer (Peter Šurda) |
May 10, 2012, 03:32:26 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
Mutual credit based monies like LETS are not scarce, as opposed to cash-monies.…
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lonelyminer (Peter Šurda) |
May 08, 2012, 06:21:19 AM |
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Insight: I used to think lending at interest was evil...
Economics
Generally the deposits are payable on demand, up to a few days.This is where it…
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lonelyminer (Peter Šurda) |
May 08, 2012, 05:54:17 AM |
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Insight: I used to think lending at interest was evil...
Economics
What do you mean by this? All the big lenders in this forum are fractional reser…
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lonelyminer (Peter Šurda) |
May 08, 2012, 05:08:31 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
No matter the form, the scarcity itself will make BTC more possibly to become th…
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lonelyminer (Peter Šurda) |
May 08, 2012, 04:36:39 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
Suppose currency scarcity creates some kind of problem, such as discouraging inv…
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lonelyminer (Peter Šurda) |
May 05, 2012, 12:49:33 PM |
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Deflation and Bitcoin, the last word on this forum
Economics
So long as they don't have a disadvantage, why do they need to provide an advant…
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lonelyminer (Peter Šurda) |
May 05, 2012, 01:19:50 AM |
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2012-05-03: Two Bitcoins at the Price of One? Double-Spending Attacks on Fast Pa
Press
If I got it right, the current implementation would cause the transaction to sho…
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lonelyminer (Peter Šurda) |
May 05, 2012, 12:55:18 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
With enough amount of BTC reserve, a BTC Bank could issue their own BTC notes, t…
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lonelyminer (Peter Šurda) |
May 04, 2012, 08:24:40 AM |
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2012-05-03: Two Bitcoins at the Price of One? Double-Spending Attacks on Fast Pa
Press
I think the crucial point of the paper, as the authors argue, is that performing…
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lonelyminer (Peter Šurda) |
May 04, 2012, 08:50:35 AM |
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Insight: I used to think lending at interest was evil...
Economics
I just have a couple of small comments, molecular.FRB with Bitcoin is technicall…
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lonelyminer (Peter Šurda) |
May 04, 2012, 08:39:01 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
[I don't think it makes sense to consider the preference independent of the valu…
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lonelyminer (Peter Šurda) |
May 04, 2012, 03:58:18 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
But if that was correct, so would this argument be: The more the currency apprec…
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lonelyminer (Peter Šurda) |
May 03, 2012, 03:53:21 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
Maybe, maybe not. It's hard to say. In a free market, deflation is a sign that i…
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lonelyminer (Peter Šurda) |
May 02, 2012, 07:34:35 AM |
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George Selgin advocates Bitcoin AGAIN
Bitcoin Discussion
Guys, of course I agree with you that it's not that simple. I'm just pointing ou…
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lonelyminer (Peter Šurda) |
May 01, 2012, 04:36:07 PM |
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George Selgin advocates Bitcoin AGAIN
Bitcoin Discussion
By the way, this is what Selgin writes in Less Than Zero (1997):Quote from: Geor…
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lonelyminer (Peter Šurda) |
May 01, 2012, 02:27:51 PM |
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Will "Cold Storage for SAFE" be the execuse of "fractional reserve" system?
Economics
An interesting question. Nevertheless, unless MtGox codes become generally accep…
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lonelyminer (Peter Šurda) |
April 30, 2012, 09:17:50 AM |
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George Selgin advocates Bitcoin AGAIN
Bitcoin Discussion
Coincidentally I emailed a couple of times with Selgin about Bitcoin, and I made…
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lonelyminer (Peter Šurda) |
April 28, 2012, 04:17:25 PM |
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Bitcoin Success
Bitcoin Discussion
Recently only one thing scares me about Bitcoin's future and it's the number of…
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lonelyminer (Peter Šurda) |
April 27, 2012, 04:44:21 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
Whatever its utility, there will be some price point at which many people are am…
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lonelyminer (Peter Šurda) |
April 27, 2012, 04:15:17 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
For example, Bitcoins can become scarce because of their built-in scarcity. But…
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lonelyminer (Peter Šurda) |
April 26, 2012, 11:35:41 AM |
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2012-04-26 Be Your Own Bank: Bitcoin Wallet for Apple
Press
Ok, interesting. Very interesting for the advertisement this is doing but on the…
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lonelyminer (Peter Šurda) |
April 26, 2012, 10:48:27 AM |
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Bitcoin + TEM = BitTem?
Bitcoin Discussion
Etlase2,How am I supposed to follow your logic of it being fixed when you set up…
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lonelyminer (Peter Šurda) |
April 20, 2012, 12:06:28 PM |
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Bitcoin + TEM = BitTem?
Bitcoin Discussion
So what you're saying is all money is debt, including bitcoin. That's fine. It's…
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lonelyminer (Peter Šurda) |
April 20, 2012, 08:16:46 AM |
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Bitcoin + TEM = BitTem?
Bitcoin Discussion
No, it is defined by the fact that there is a creditor, which there is not here.…
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lonelyminer (Peter Šurda) |
April 20, 2012, 07:03:25 AM |
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Bitcoin + TEM = BitTem?
Bitcoin Discussion
Etlase2,I would say you have absolutely no idea what you're talking about. There…
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lonelyminer (Peter Šurda) |
April 20, 2012, 06:11:58 AM |
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Bitcoin + TEM = BitTem?
Bitcoin Discussion
Etlase2,So far the only evidence I see that this is "debt-based" is from the pos…
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lonelyminer (Peter Šurda) |
April 19, 2012, 05:32:08 AM |
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How big is Bitcoin's presence in China?
Economics
Isn't/wasn't he a 17 year old Singapore student?I read somewhere that he's from…
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lonelyminer (Peter Šurda) |
April 11, 2012, 03:11:13 AM |
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Current Bitcoin inflation rate = 35%. Price = stable
Economics
The amount earned by "bankers" depends on the spread between the interest rate t…
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lonelyminer (Peter Šurda) |
April 10, 2012, 07:17:18 AM |
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Current Bitcoin inflation rate = 35%. Price = stable
Economics
Idiot, one does not 'debate' definitions.Yet, your objection to the Austrian def…
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lonelyminer (Peter Šurda) |
April 10, 2012, 05:18:05 AM |
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That Which is Seen, and That Which is Not Seen
Economics
Henry Hazlitt wrote a book, Economics in one lesson, which applies the principle…
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lonelyminer (Peter Šurda) |
April 10, 2012, 04:58:57 AM |
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Good news: Zhoutong will buy 40k bitcoins to return to his client
Speculation
That is not true. If 51% of miners refuse your transaction and 49% don't then i…
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lonelyminer (Peter Šurda) |
April 04, 2012, 07:58:39 AM |
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Are all stimulants bad?
Economics
It is important to realise that the manipulation of the money supply cannot on i…
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lonelyminer (Peter Šurda) |
April 03, 2012, 07:17:19 AM |
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If Bitcoin is an experiment,...
Bitcoin Discussion
You're also assuming that the velocity of bitcoin will be approximately equal to…
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lonelyminer (Peter Šurda) |
March 31, 2012, 05:24:19 PM |
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What happens if someone starts another blockchain or cryptocurrency?
Bitcoin Discussion
There is no point in debating anything with you people because you explicitly re…
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lonelyminer (Peter Šurda) |
March 30, 2012, 04:26:33 PM |
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What happens if someone starts another blockchain or cryptocurrency?
Bitcoin Discussion
They call things they don't like central planning. Whether whatever they are cri…
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lonelyminer (Peter Šurda) |
March 30, 2012, 04:45:33 PM |
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How is Bitcoin valuable for YOU?
Bitcoin Discussion
To paraphrase Richard Dawkins: Bitcoin is interesting, and if you don't agree yo…
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lonelyminer (Peter Šurda) |
March 30, 2012, 10:30:54 AM |
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What happens if someone starts another blockchain or cryptocurrency?
Bitcoin Discussion
To fix this, money needs to be channeled into businesses to convince them to acc…
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lonelyminer (Peter Šurda) |
March 30, 2012, 09:34:13 AM |
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What happens if someone starts another blockchain or cryptocurrency?
Bitcoin Discussion
Bitcoin isn't really working because deflation destroys trade. There, I've said…
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lonelyminer (Peter Šurda) |
March 30, 2012, 09:25:46 AM |
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What happens if someone starts another blockchain or cryptocurrency?
Bitcoin Discussion
Bitcoin isn't really working. I've been around here for a long time now and stil…
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lonelyminer (Peter Šurda) |
March 30, 2012, 07:12:18 AM |
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Money is usually debt; Debt is slavery; Bitcoin is neither debt nor slavery.
Economics
It may not be currency, but it is money. Money is nothing but a medium of exchan…
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lonelyminer (Peter Šurda) |
March 25, 2012, 03:39:14 PM |
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p2pfoundation Bitcoin criticism
Bitcoin Discussion
It's not really a problem for bitcoin. It's theft from the bot's actual owners,…
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lonelyminer (Peter Šurda) |
March 25, 2012, 06:11:58 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
Jtimon,JoelKatz and 99Percent made solid arguments, so I don't think I need to a…
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lonelyminer (Peter Šurda) |
March 16, 2012, 06:36:49 AM |
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Why isn't proof of stake more widely supported?
Bitcoin Discussion
And the current proof-of-work system isn't a tragedy of the commons, it's actual…
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lonelyminer (Peter Šurda) |
March 16, 2012, 02:08:21 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
But investing in producing goods is less attractive under deflationary condition…
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lonelyminer (Peter Šurda) |
March 06, 2012, 11:58:24 AM |
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Economists at Bitcoin Conference 2012- London?
Bitcoin Discussion
I would like to come to the conference and maybe I can even be one of the speake…
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lonelyminer (Peter Šurda) |
March 06, 2012, 09:13:47 AM |
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Deflation and Bitcoin, the last word on this forum
Economics
I agree.Jolly good. That saves a lot of time My point is that the market would r…
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lonelyminer (Peter Šurda) |
March 06, 2012, 08:38:12 AM |
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Multisig methods don't need multisig bitcoin to prevent thefts
Bitcoin Discussion
I don't disagree that it's possible; but I do disagree that it's as easy.There w…
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lonelyminer (Peter Šurda) |
March 02, 2012, 12:30:24 PM |
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Multisig methods don't need multisig bitcoin to prevent thefts
Bitcoin Discussion
Absolutely -- almost by definition, singlesig means a single point of failure. …
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lonelyminer (Peter Šurda) |
March 02, 2012, 12:07:08 PM |
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Multisig methods don't need multisig bitcoin to prevent thefts
Bitcoin Discussion
I wasn't really saying one would use "read". I only suggested it because it was…
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lonelyminer (Peter Šurda) |
March 02, 2012, 11:20:38 AM |
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Good news: Zhoutong will buy 40k bitcoins to return to his client
Speculation
There is no way to ban hacker's address.Well, if the majority of miners refuse t…
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lonelyminer (Peter Šurda) |
March 02, 2012, 09:30:43 AM |
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Suspect #1: Linode admins/insiders
Bitcoin Discussion
That's interesting... so, if I got this right, the password reset requires infor…
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lonelyminer (Peter Šurda) |
March 02, 2012, 09:10:38 AM |
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Multisig methods don't need multisig bitcoin to prevent thefts
Bitcoin Discussion
I suppose; but if they've got root access then installing a handy "/usr/bin/read…
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lonelyminer (Peter Šurda) |
March 02, 2012, 09:08:12 AM |
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Bitcoin and VAT in the EU
Legal
Basically I'm not going to be selling or buying bitcoins directly because I woul…
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lonelyminer (Peter Šurda) |
March 02, 2012, 08:42:42 AM |
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Suspect #1: Linode admins/insiders
Bitcoin Discussion
It certainly sounds fishy. I have a linode box, it doesn't use bitcoin in any wa…
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lonelyminer (Peter Šurda) |
March 02, 2012, 08:18:46 AM |
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Multisig methods don't need multisig bitcoin to prevent thefts
Bitcoin Discussion
Even a normal wallet encryption, which is already available, would have prevente…
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lonelyminer (Peter Šurda) |
March 02, 2012, 08:00:08 AM |
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Bitcoin and VAT in the EU
Legal
Barter was exactly what I wrote about in the original post. Since BTC is conside…
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lonelyminer (Peter Šurda) |
March 02, 2012, 07:43:26 AM |
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Bitcoin and VAT in the EU
Legal
Or does that just apply when both countries are within the EU? I'm not sure.As f…
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lonelyminer (Peter Šurda) |
March 02, 2012, 05:07:37 AM |
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Ron Paul schools 'the Bernank' on inflation, 'real money', and preserving value:
Economics
And all the bitpoor, comparatively become poorer.Obviously, that was my argument…
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lonelyminer (Peter Šurda) |
March 02, 2012, 03:05:18 AM |
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Ron Paul schools 'the Bernank' on inflation, 'real money', and preserving value:
Economics
Sure there is, by its velocity. If you allow those with lots of money to control…
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lonelyminer (Peter Šurda) |
March 01, 2012, 03:34:45 PM |
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Ron Paul schools 'the Bernank' on inflation, 'real money', and preserving value:
Economics
I really don't see bitcoin solving the problem of currency being manipulated. It…
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lonelyminer (Peter Šurda) |
March 01, 2012, 12:54:33 PM |
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Bitcoin and VAT in the EU
Legal
That's interesting, sounds like good workaround. I did some quick reading about…
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lonelyminer (Peter Šurda) |
February 29, 2012, 05:19:55 PM |
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Tax when buying bitcoins in an exchange
Legal
After not receiving a response from HowToVanish, I contacted RunToGold. They gav…
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lonelyminer (Peter Šurda) |
February 29, 2012, 03:38:26 PM |
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Bitcoin and VAT in the EU
Legal
Hello,I have been working on a paper about economics of Bitcoin for a while, and…
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lonelyminer (Peter Šurda) |
February 29, 2012, 03:37:21 PM |
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Deflation and Bitcoin, the last word on this forum
Economics
Hello jtimon,My native language is Spanish. I also speak English and Portuguese.…
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lonelyminer (Peter Šurda) |
February 29, 2012, 05:53:53 AM |
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Tax when buying bitcoins in an exchange
Legal
I was just looking at Swiss and UK VAT:In Switzerland your revenue has to be at…
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lonelyminer (Peter Šurda) |
February 25, 2012, 08:21:09 PM |
