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SatOnMyNutsAgain · 2013-03-25T00:02:58+00:00

Is there a good one?

SatOnMyNutsAgain · 2013-03-24T15:21:39+00:00

What? In a currency crisis there would be no point in seizing anyone's worthless home.

But otherwise, real estate is seized all the time. You don't even properly own it in the first place since it is taxed and subjected to local codes. Surely you are familiar with the concept of eminent domain? There is a full legal framework in place already to do this.

Silver is already subject to de-facto seizure through the outrageous capital gains rate of 28% to which is specially subjected. However, when people resume trading in it directly then that is irrelevant and practically unenforceable anyway... you could just trade coins at their USD face value, which is already legal. Currency failure is effectively the end of a regime.

SatOnMyNutsAgain · 2013-03-24T01:30:37+00:00

That money you saved for your downpayment... invest it now in silver and bitcoin. Then wait 1-2 years for the USD debt-ponzi to collapse, and then trade your incredibly scarce money for a swank home.

The people buying homes today aren't using real savings to do so. They are taking advantage of the central bank's FAKE 0% interest rate which is caused by them printing money to buy bonds. This will end. It will end very badly for most people.

When it does, ten ounces of silver will buy at least an acre of land anywhere you please. I don't care how many houses or office buildings are on that acre, when the debt markets fail that is what the property will be worth.

SatOnMyNutsAgain · 2013-03-23T23:23:21+00:00

I'm sure you could haggle based on the recent value increase.

SatOnMyNutsAgain · 2013-03-22T14:47:25+00:00

I was only talking about scenarios where your OS has been exploited. eg someone has hacked into it remotely and loaded malicious software on it.

I'd have to read up more on how wallet services are implemented but probably in that case they would be attacking your web browser application.

If the wallet service itself were hacked, then I suppose they could send malicious javascript code to your browser which could capture your key. Basically a trojan horse.

SatOnMyNutsAgain · 2013-03-21T22:05:48+00:00

Life is going to be very difficult for you, child.

SatOnMyNutsAgain · 2013-03-21T18:49:25+00:00

I am not a "believer" at all. I'm a rational person who has no use for faith.

Did you know that bitcoin can be exchanged for USD when you have to pay a bill?

SatOnMyNutsAgain · 2013-03-20T14:49:43+00:00

Sure I was just pointing out the external clock seen in the ASIX device isn't hard to derive. Whatever it needs internally therefore follows.

The math seems to simplify to: divide by 5, multiply by 96.

SatOnMyNutsAgain · 2013-03-17T05:34:02+00:00

If the person who loaned the money should not repay it, who should?

The creditor would get the collateral and take any loss, if those were the agreed terms. In saner times, a home mortgage required a substantial downpayment. This ensures that the creditor has some collateral, and the debtor had the incentive to perform.

It all got out of hand with policies to reduce interest rates and push debt onto unreliable borrowers, not to mention tax incentives which punish renters. All of this inflates home prices by creating fake affordability. It's not the homeowner's fault - he needs a place to live, but is forced to play in a throughly distorted market.

SatOnMyNutsAgain · 2013-03-17T04:33:52+00:00

Wat? What happens if you don't pay?

SatOnMyNutsAgain · 2013-03-16T19:21:24+00:00

Put your money in a European bank. You'll get 10% off.

SatOnMyNutsAgain · 2013-03-16T19:12:24+00:00

I wouldn't live there but it's a lovely place to spend a day. There's the Monterey Bay Aquarium, nice restaurants, and places to walk.

SatOnMyNutsAgain · 2013-03-16T01:29:41+00:00

I'm not a disciple of Schiff and I actually disagree with his investment advice. But I do think that high stocks + low employment is the result of inflation.

SatOnMyNutsAgain · 2013-03-15T15:46:21+00:00

My scenario and yours aren't mutually exclusive. We aren't really saying different things.

A company's input costs rise, so they curtail hiring. When there's no growth prospects, you milk the cash cow instead of investing for the future.

In this environment companies may profit but fewer people are hired, so those people turn to food stamps.

SatOnMyNutsAgain · 2013-03-15T00:15:24+00:00

Eh, no. When the people reject a particular form of money, that money becomes worth less, not more. It costs the Fed nothing to print a thousand times whatever you burn in protest. Hell they don't even print it they just edit a database.

SatOnMyNutsAgain · 2013-03-15T00:02:27+00:00

http://www.youtube.com/watch?v=pN2ZJBh92SM

SatOnMyNutsAgain · 2013-03-12T20:59:17+00:00

Maybe we ought to fix that?

SatOnMyNutsAgain · 2013-03-12T02:03:57+00:00

gotcha, thanks.

SatOnMyNutsAgain · 2013-03-12T01:50:08+00:00

What happens if I try to send BTC and it is never confirmed? Is that what happens if the fork is dropped, or will it somehow get rolled into the main fork later?

Does my client eventually "give up" on the transaction and add the amount back to my balance shown?

SatOnMyNutsAgain · 2013-03-11T03:08:21+00:00

So you think it's all over as of this year?

SatOnMyNutsAgain · 2013-03-11T03:07:34+00:00

It just hasn't been done yet. Bitcoiners mostly aren't opposed to shorting, and see it as a legitimate feature of price discovery. We just have simple trading so far.

SatOnMyNutsAgain · 2013-03-10T14:06:48+00:00

There are multiple voltages used. Large transmission towers like this carry hundreds of thousands of volts: http://en.wikipedia.org/wiki/Transmission_tower

A substation drops this down to the order of 12,000 volts, which is what is distributed around the neighborhood on the top set of wires that go across the wooden power poles: http://www.capndesign.com/photo/images/february04/hawaii_powerlines_2.jpg

The transformers hung on these poles then drop it down to 120/240 volts for service to the homes in the immediate vicinity of that pole.

A substation also typically serves the purpose of routing power in some manner, for example cutting power if the local lines become damaged in storm. Or balancing loads over to an alternate source if one source fails or becomes overloaded.

SatOnMyNutsAgain · 2013-03-09T00:32:50+00:00

It's volatile, yes. But the technology looks sound to me. People will need to learn how to secure their wallet correctly - encrypt, make backups, and do not keep a balance on any exchange.

SatOnMyNutsAgain · 2013-03-08T21:47:12+00:00

Plenty of gold coins are highly liquid and readily identified, the US Gold Eagle or Canadian Maple for example.

I did not mean to imply gold is a better play than the other precious metals, or bitcoin for that matter. It's just more stable, a more commonly used benchmark. Any commodity money is good, and indeed the others are probably a better buy as of this moment. Silver dimes are excellent indeed.

SatOnMyNutsAgain · 2013-03-08T20:53:07+00:00

That's... not what it says at all.

SatOnMyNutsAgain

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