wintersFright

10 ms·

31.
by wintersFright 13y ago
using the original sound source wouldn't work with the slomo effect he used.
32.
Mt. Gox CEO Confesses: All the Bitcoins are gone(businessinsider.com.au)
2 points by wintersFright 13y ago|1 comments
33.
by wintersFright 13y ago
what happens to the BTC in their wallets that they didn't lose? Liquidated to pay creditors 1c in the dollar? with 63 million in debt, I imagine customers aren't first class debt holders either?
34.
by wintersFright 13y ago
how many coffees did your gram buy you in 1850 when these coins were minted?
35.
by wintersFright 13y ago
Miguel tweeted this a week ago: NoWin, Nancy, SignalR & Lego on the raspberry pi: https://www.youtube.com/watch?v=s_ZQtiupyzE
36.
by wintersFright 13y ago
"currency, which doesn't change over time" eh? currency then or now? Currency then was on the gold standard so the two didn't fluctuate. Currency today, they target inflation of 2% / year by design. re: insane price
37.
by wintersFright 13y ago
wrong (ok it wasn't immediate, 8 months later they repriced it) Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to th
38.
by wintersFright 13y ago
They immediately revalued the price of gold afterward so I'm sure it was seen as theft by the govt.
39.
by wintersFright 13y ago
Is the mono lisa only worth $2.50 for the price of canvas, paint and wood frame? Old paint at that! The price of a collectable is because someone else (not necessarily you) values it. And the odds are that many other wealthy collectors woul
40.
by wintersFright 13y ago
and this http://www.shanghaidaily.com/business/China-expected-to-anno...
41.
by wintersFright 13y ago
The world was fooled once by promises of US gold which Nixon defaulted on. They won't fall for that one again.
42.
by wintersFright 13y ago
Yes, the Fed will quickly buy up all the bonds necessary to feed the USGovt appetite, allowing the USGovt to outbid any citizen for goods and services. This situation does not lead to a nice and cool inflation of 2%. Meanwhile will the rest
43.
by wintersFright 13y ago
If China dumped bonds, why would anyone buy debt from the USG when they can get it cheap on the open market that has just had 1 trillion dumped in it. The fed steps in, mops up all excess demand so Uncle Sam can keep on spending beyond its
44.
by wintersFright 13y ago
umm, no. It would be the end of the USD as you know it, instant hyperinflation and empty shelves in your local supermarket. The point of dumping bonds is that they are saying they are worthless, they aren't trying to extract value fro
45.
by wintersFright 13y ago
Money/labour input does not equal value. I could spend 10 years pulling all the grass from my backyard and sorting it from longest to shortest in length. A lot of effort went into it. Doesn't make it valuable. Paper money is backe
46.
by wintersFright 13y ago
it seems unlikely that it was an unknown guy who threw out a workable solution on his first attempt. If it wasn't his first attempt, he must have left an internet footprint somewhere with prior ramblings. Much like DPR and silkroad.
47.
by wintersFright 13y ago
what will this do to the BTC market when the feds liquidate their haul? Is it big enough to swallow a $29 million sell order?
48.
by wintersFright 13y ago
Agree, the title is link bait for creationists
49.
by wintersFright 13y ago
I've been half expecting for truecrypt to be revealed as an NSA funded honeypot. I still use it myself to secure against petty criminals.
50.
by wintersFright 13y ago
Keep in mind this was 1932 when there was the gold standard. Inflation was more volatile then and was -10% (minus!) according to http://www.rateinflation.com/inflation-rate/usa-historical-i...
51.
by wintersFright 13y ago
Gold doesn't need to move, only the name under which it is stored needs to change. Bitcoin - a four year old currency invented by a pseudonym - is not going to be used to clear trades at a sovereign level. Arabs are not going to ship
52.
by wintersFright 13y ago
Decide what you think would replace assets in Central Bank balance sheets to allow world trade to continue - ie: what would settle world trade deficits. Yuan, gold, silver or bitcoin? Hint: Bitcoin and silver are not held by central banks a
53.
by wintersFright 13y ago
The US can't default on their promise to pay or there is a very high risk it will be lights out for them for world reserve which will be instant hyperinflation. As world reserve they have had to spend into existence a metric craptonne
54.
by wintersFright 13y ago
If no one can get a mortgage there then house prices go to their cash only value, so one wouldn't need a mortgage to buy. So the good luck should go to anyone wishing to sell a house there
55.
by wintersFright 13y ago
[not my quote...but relevant] In essence, America has told the world that as long as the business of this country is functioning, your wealth, as represented in Marks, Yen, Pesos, etc. is backed with performing US debt. It's like sayin
56.
FBI has been using drones since 2006(touch.latimes.com)
3 points by wintersFright 13y ago|1 comments
57.
by wintersFright 13y ago
This is the backstory http://www.businessinsider.com.au/whats-at-stake-in-mccutche... The U.S. Supreme Court is going to hear a campaign finance case that could do away with the contribution limits that limit rich people’s
58.
by wintersFright 13y ago
Someone's continuous deployment process is about to get mirred in bureaucracy and paperwork
59.
by wintersFright 13y ago
The finale if anyone missed it http://reckoner.com.au/2013/08/im-done-mining-litecoin/
60.
by wintersFright 13y ago
OK, so with passing time, coins are worth more than before because the usage demand is increasing faster than the mining supply. I'm not sure if that is your argument though?

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