bit coins what do you all think

[fullenglishpint]

I dont have a sweet clue about economics

No offence mate, but i think you could have left it at that. The current financial crisis was caused by toxic assets and bad debt, not inflation.

For an example of when that was the problem, look here:

[ame="http://en.wikipedia.org/wiki/Inflation_in_the_Weimar_Republic"]Hyperinflation in the Weimar Republic - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:GermanyHyperChart.jpg" class="image"><img alt="" src="http://upload.wikimedia.org/wikipedia/commons/thumb/8/8f/GermanyHyperChart.jpg/220px-GermanyHyperChart.jpg"@@AMEPARAM@@commons/thumb/8/8f/GermanyHyperChart.jpg/220px-GermanyHyperChart.jpg[/ame]

[sarasin]

Looks like a good way for nerds to sell WOW user accounts and regster for Star Trek conventions.

HAHAHAHAH...AWESOME!

LOOOOL ...that made me laugh!

That's pretty much sums it up!

WOW....my co-workers were BESOTTED with that shit....LOVED ripping them off about it!

[Nesquigs]

The more money we print, the less its worth. So then what happens is in order to make a profit, the shit gotta get cheaper so then they got to make workers wages lower.

Wages stay low and cost goes up. 10 years later. We got the recession. People are starving to death because we "cut" the money so much that its pretty well baking soda. We all love baking soda.

awesome point... and awesomer analogy.

It would make life more like a video game with trophies or something. Once you get em all done you can smoke your face off.

YEAHHHHHH BOYYYYYY

[fullenglishpint]

The more money we print, the less its worth. So then what happens is in order to make a profit, the shit gotta get cheaper so then they got to make workers wages lower.

Wages stay low and cost goes up. 10 years later. We got the recession. People are starving to death because we "cut" the money so much that its pretty well baking soda. We all love baking soda.

awesome point... and awesomer analogy.

That's not how it works though is it. Wages rise with inflation as well as prices, and we don't print too much more money than is destroyed (dollar bills don't last forever). It's all very carefully controlled.

interesting figures, have a look.

http://www.worldsalaries.org/usa.shtml

[sarasin]

Nah....but you guys are all working with the BS thats already in place.

FUCK IT!

You can never win...its like a Casino. They not in the game of giving money away.

Its the fundimental point that banks make money out of nothing!
Thats where we are being cheated and it snowballs from there....

[tombruton69]

The mint doesnt really make new money it is the banks but the goverment kinda control how much they make.

The way our current system works it has to fail at some point when that point is no1 knows. The idea is, is to take measures so it doesnt happen in our lifetime.

would decentralising money work. I think bit coins really could become a very good alternative currency, currency is also only worth the demand for that currency, this is why wen u print more the value goes down

does any1 here know the bankers or shepherds story

[Afterhour Ali]

Necrobump!

someone still mining or trading ?

[MuzicFreq]

It's great for ATI users since it uses Open GL which ATI perfected while Nvidia cant run it well enough.

I saw this at the beginning of this year at overclock.net

I dunno, I dont really like it. Then again I play games too often to let my GPU mine coins

[rdaletaylor]

Until I can get grocery with them, kind of useless. I hear there is other trade over black-market prices by 25% or more on their black-market. Seems like someone somewhere is probably skimming geeks.

[theory28]

oh yeah. know it or not (and this isnt bs) you can buy drugs of black market sites with bit coins and have it mailed to you (yeah, i know how that sounds. but an air tight bag in an air tight bag in an air tight bag in an air tight bag in an air tight container inside a padded box probably wont get caught) (+use someone eases address) (+use the web anonymously)(+theres a certain amount of mutual gain on all sides, so your dealer doesnt care where you live, and he isnt telling anyone)


i made it sound like i use this. i dont. im 17 and live with my parents, that shit wouldnt fly. period.