12/2013 - Request: e-currency payment?

[martin0siddle]

You are making a huge assumption on that statement. You will find, as you travel around Sosua and meet many members, that there are quite a few young guys. Also a lot of them, both young and older, are in I.T. These guys research and know all the ins and outs to all the new gadgets.

Nonono I was just saying this to say the clientele here is not the same as people who would buy VPN service , I do not think people here do not know IT !! I'm pretty sure many people here know more about me in computer! It was just to say a 45+ mongers clientele.. is not a same people that would need to buy VPN service.

[BrooklynBeas]

If it were up to me, I would have banned this dude just for being annoying... Jimmy,do you take food stamps? Or better yet Benefit cards?

I guess being that you got your cash thanks to Martin's help, you wont be banning him.. The least you could do is change his name to "bitcoin"

LOL


Just kiddin of course....




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Or not...

[Westy]

Martin, I may sound like I'm laughing at Bitcoins ... but if I am, I'm laughing VERY cautiously.

I've got it that MONEY, including everything from Sumerian bronze shekels to Krugerrands to the USA 'Federal Reserve notes' I carry in my physical wallet, are nothing but 'markers' for participating in a system-of-exchange. Sargon gives Ishtar a shekel, she gives him a beer; I change in a 1-oz Krugerrand, and I get $1209 (exchange rate 29 Dec 2013, 21:43 EST); I give US$100 to Carlos the money-changer in Sosua and get DOP$4200 or so; I pay Conchita from d'Latin DOP$1500 for a short-time delight back in my room at the hotel; life goes on.

Credit cards and debit cards, I see as an extension of this concept. Our money is reduced anyways, in the international banking system, to "electronic markers" in a hopefully-secure system of electronic exchange. I hand my credit card to a hopefully-honest merchant, who 'charges' the price of my breakfast, or my hotel-room, or the tool or toy I'm buying, to my credit-card account; then on the tenth of the next month, I write a check assigning an appropriate dollar-value of "electronic markers" to the credit-card company. I'm still running all this at the value-symbol level of Yankee dollars, because my bank account is in the USA and the Civil Serpent's Commission puts Yankee-dollar markers into that account to pay my monthly pension.

Would it change the realities of this exchange, if my monthly pension-check went into a Google Wallet tied to my smart-phone? Maybe on the surface, a little bit - no paper would change hands, whether checks or dollar bills or Dominican pesos. Would it be as safe and secure? I'm Luddite enough to be skeptical, but hopeful enough to be convinced away from my skepticism ...

But the user-base of Yankee dollars is immense, ranging into the TRILLIONS, and only the Feral Reserve Bank (optional spelling intentional!) can nominally control the value represented in my stock of dollar-denominated electronic markers. If I'm worried about maintaining the value of my savings in Yankee Dollars, I'd assuage that worry best by leaving my money in Yankee Dollars ... and maybe speculating in other currencies, whether ultimately speculative as in Bitcoins, or "sort of reality-based" as in precious metals. (Consider that gold was over $1800/oz (US$) in late 2012, and it's down around $1200 US /oz in December 2013. The gold-sellers would like us to believe gold will double in value, soon ... the gold-bears can see it going below US$1000/oz. Who's right? Reply hazy, ask again later.)

What about Bitcoins? How many Bitcoins will the Sacred Algorithm permit to be 'minted' electronically? They will be limited ... not only in quantity, but in scope; and only those vendors who will agree to accept Bitcoins for their products and services will determine the value of a Bitcoin. And frankly, the same situation obtains for a gold coin. Most vendors will prefer Yankee-dollars, or local fiat currency, to Bitcoins ... or gold coins. They can get the products they want, and need, in exchange for the local fiat currency; they'd have to go through a whole 'nother level of financial acrobatics, to exchange their Bitcoins or their fractional gold Krugerrands for currency that would be acceptable at the colmado where they buy their food, and beer, and disposable diapers. Until they accept Google Wallet at the colmados, we'll be handing paper money to the chicas, and exchanging our own paper money to get those Dominican pesos, or Colombian pesos, or Philippine pesos, or Thai baht, or whatever.

Meanwhile ... I hope the guy who accepts your Bitcoins for his merchandise, gives you more merchandise for your Bitcoins than you might have gotten last week, or last month, or last year. And when you get to the point of trading Bitcoins for blowjobs, please let us know the exchange rate!

[martin0siddle]

Martin, I may sound like I'm laughing at Bitcoins ... but if I am, I'm laughing VERY cautiously.

I've got it that MONEY, including everything from Sumerian bronze shekels to Krugerrands to the USA 'Federal Reserve notes' I carry in my physical wallet, are nothing but 'markers' for participating in a system-of-exchange. Sargon gives Ishtar a shekel, she gives him a beer; I change in a 1-oz Krugerrand, and I get $1209 (exchange rate 29 Dec 2013, 21:43 EST); I give US$100 to Carlos the money-changer in Sosua and get DOP$4200 or so; I pay Conchita from d'Latin DOP$1500 for a short-time delight back in my room at the hotel; life goes on.

Credit cards and debit cards, I see as an extension of this concept. Our money is reduced anyways, in the international banking system, to "electronic markers" in a hopefully-secure system of electronic exchange. I hand my credit card to a hopefully-honest merchant, who 'charges' the price of my breakfast, or my hotel-room, or the tool or toy I'm buying, to my credit-card account; then on the tenth of the next month, I write a check assigning an appropriate dollar-value of "electronic markers" to the credit-card company. I'm still running all this at the value-symbol level of Yankee dollars, because my bank account is in the USA and the Civil Serpent's Commission puts Yankee-dollar markers into that account to pay my monthly pension.

Would it change the realities of this exchange, if my monthly pension-check went into a Google Wallet tied to my smart-phone? Maybe on the surface, a little bit - no paper would change hands, whether checks or dollar bills or Dominican pesos. Would it be as safe and secure? I'm Luddite enough to be skeptical, but hopeful enough to be convinced away from my skepticism ...

But the user-base of Yankee dollars is immense, ranging into the TRILLIONS, and only the Feral Reserve Bank (optional spelling intentional!) can nominally control the value represented in my stock of dollar-denominated electronic markers. If I'm worried about maintaining the value of my savings in Yankee Dollars, I'd assuage that worry best by leaving my money in Yankee Dollars ... and maybe speculating in other currencies, whether ultimately speculative as in Bitcoins, or "sort of reality-based" as in precious metals. (Consider that gold was over $1800/oz (US$) in late 2012, and it's down around $1200 US /oz in December 2013. The gold-sellers would like us to believe gold will double in value, soon ... the gold-bears can see it going below US$1000/oz. Who's right? Reply hazy, ask again later.)

What about Bitcoins? How many Bitcoins will the Sacred Algorithm permit to be 'minted' electronically? They will be limited ... not only in quantity, but in scope; and only those vendors who will agree to accept Bitcoins for their products and services will determine the value of a Bitcoin. And frankly, the same situation obtains for a gold coin. Most vendors will prefer Yankee-dollars, or local fiat currency, to Bitcoins ... or gold coins. They can get the products they want, and need, in exchange for the local fiat currency; they'd have to go through a whole 'nother level of financial acrobatics, to exchange their Bitcoins or their fractional gold Krugerrands for currency that would be acceptable at the colmado where they buy their food, and beer, and disposable diapers. Until they accept Google Wallet at the colmados, we'll be handing paper money to the chicas, and exchanging our own paper money to get those Dominican pesos, or Colombian pesos, or Philippine pesos, or Thai baht, or whatever.

Meanwhile ... I hope the guy who accepts your Bitcoins for his merchandise, gives you more merchandise for your Bitcoins than you might have gotten last week, or last month, or last year. And when you get to the point of trading Bitcoins for blowjobs, please let us know the exchange rate!

I would be very happy to find a chica and pay her to give you a blowjob in exchange for same value in bitcoin+5%, why? Because I consider bitcoin to be as much worth as US$, and i'd make 5% profit.

Ok, bitcoin value is determined by the market, that is true, but the market will always grow, and the bitcoin will be more and more rare.

There will only be X number of bitcoins, and the "hardness" to mine them, increase, with every new block of BTC that is found... The next block in few minute that will be found, will be harder to mine then the one that was found 3 days ago. Each block , make the previous one harder to mine, In a year or two, the bitcoin will be 2x more rare, when the bitcoin value was lower, the bitcoin per block was 50btc... when we had the big ''boom'' it was the same week that block went to 25btc.. why? Because, the difficulty to obtain block keep increasing, and the block value decreased by 50%... the bitcoin gained 60times their value that week... It is almost certain(I actually invest small amount of money every few weeks into that certitude) that in a year or so, when the bitcoin again decrease block value(at exactly YYYY(already determined in the algorithm i dunno which) block number, but the value of each block will divide by 2 again, so 50btc/block went to ->25btc/block will go to->12.5btc/block... when block will be 12.5, it will MUCH more rare... and the value will increase.... oh and the ''hardness'' to mine will have increased already, because, as said, after each block it increase...

The popularity is growing... day by day... they started to accept bitcoin in MANY shops, they even started to make ATM that exchange your bitcoin to USD... while the popularity of bitcoin increase.. its more and more hard to gain them...

I personally know drug people that like bitcoin... why? Because using their pgp blackberry they can have their encrypted wallet always with them, their encrypted wallet can carry 1000000000000000000000$.. they can have a transaction with someone, without using money, they just send them the bitcoin by scanning QR code... take 2 minute and 50000$ was exchanged... Nowdays, all the bitcoin market's allow you to exchange your btc INSTANTLY to usd, so that way, when you just did a 50k$ transaction, you can stach it in USD$ and it will NOT decrease/increase in value... and then when you have to do another transaction you just buy the BTC with that USD$, send over the new aquired BTC to the guy... or of course you can withdraw your USD by bank wire, or any other method, and, of course, this cash is not related to any drug sales because anyone could be very lucky and mine a BTC block on his first minute of mining!!

Unlike the US$, which, will always be 1$, the bitcoin will increase value... maybe people will look the chart's and say it go down 50% today.. or it doubled value yesterday... but if you look the long term, it will always gain value. It's long term... I personally do not suggest anyone to invest into bitcoin now, but , people that are already playing bitcoin.. it is VERY good investment, and it is a sure value..

All the bad talk from bank about BTC is only because of one thing... they cannot control it!!! No one will be able to control it.. this is why government hate it so much! and the bank.. oh and the TAX authority..

As for me, I would much prefer to have $1000 worth of bitcoin then $1000 in us$ because I like BTC and I use it. and, if I made 5% by exchanging everyone bitcoin to USD$ I would be very ver yhappy, and , as said, I much prefer BTC to USD$...

[Jimmydr]

If it were up to me, I would have banned this dude just for being annoying... Jimmy,do you take food stamps? Or better yet Benefit cards?

I guess being that you got your cash thanks to Martin's help, you wont be banning him.. The least you could do is change his name to "bitcoin"

LOL


Just kiddin of course....




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Or not...

It was another interesting topic.

[Jimmydr]

Seems logical Jimmy. You pay $360 in fees for a year (plus the 10% fee on every transaction), so CP can have the option to pay you $70. What don't you understand???????

Now that you put it that way, i will do it.

[Jimmydr]

Bitcoin's a fascinating notion - yes, it's highly volatile, and it's only worth what a seller (or an exchange) is willing to give you for it. But if you can exchange it for goods, that's the most important thing.

However, Señor Jimmy - I applaud your conservatism. Wait until the chicas of Mayorista will trade blowjobs for Bitcoins.

Its not backed by anything you can hold in your hands. Any smart IT guy can mine tons of it.

[Jimmydr]

There are two things that I am 99% sure of


1 - If you work hard in the same company for 40 years, you still might get fucked, so why bother.


2 - When you buy pussy, you can have a 22-24 year old for the next 50 years, they way you want her.


Everything else, Yo no say!

[martin0siddle]

Its not backed by anything you can hold in your hands. Any smart IT guy can mine tons of it.

This was true... 5 years ago...

Now it is far from true, to mine ton's of bitcoin you actually need to buy many "bitcoin miner" hardware... I actually did calculation few months ago, If I spent 10000$ in hardware, it would take me 6 month to pay back the investment and come in by profit...

The "difficulty" to mine bitcoin increase every minute... this is why the value will also always increase because it is always harder and harder to mine it.. in 1 year, it will be SO MUCH hard to mine...

As exemple, 3 years ago, I had a desktop computer mining , it mined 1 block in 3 week(50 bitcoins) . my pc was worth $5000 and I had built it specially for mining...
I bought a very powerful computer few months ago, it was at least 3 time more fast then my 3 year old computer(I did benchmark tests).. I started mining into a pool.. after 1 week, i had earned 0.5$ ... I did calculation with a bitcoin estimate value thing, using my computer mining speed... they said it would take me "1608 years, 120 days (can vary greatly depending on your luck)" to mine one block... and the block are now only 25bitcoin...

However, you can buy mining hardware, which are some kind of computer that are MADE for mining... but, with 10 000$ hardware it take 6 month to come back on investment... not very worth it..

Unless a IT computer guy spend ton's of money on hardware specialised into mining, I would be very confident in admitting there is no way someone earn a tons by mining without spending a tons on hardware.

[whynotme]

I dont think many people would use bitcoin on this forum, most of people on this forum are 45yo+ mongers who don't know how to use a iphone.

I have an iphone and I just learned how to use the text function...........

[martin0siddle]

I have an iphone and I just learned how to use the text function...........

But i didnt mean that, i said it but its not what i was thinking, i was just trying to say the community of this forum is ''usually'' not the same clientele as VPN services one...

[Skynyrd]

We also accept War of Warcraft Gold

[Jimmydr]

But i didnt mean that, i said it but its not what i was thinking, i was just trying to say the community of this forum is ''usually'' not the same clientele as VPN services one...

At my age, things will be changing fast and often and I will use what I need.

[Jimmydr]

This was true... 5 years ago...

Now it is far from true, to mine ton's of bitcoin you actually need to buy many "bitcoin miner" hardware... I actually did calculation few months ago, If I spent 10000$ in hardware, it would take me 6 month to pay back the investment and come in by profit...

The "difficulty" to mine bitcoin increase every minute... this is why the value will also always increase because it is always harder and harder to mine it.. in 1 year, it will be SO MUCH hard to mine...

As exemple, 3 years ago, I had a desktop computer mining , it mined 1 block in 3 week(50 bitcoins) . my pc was worth $5000 and I had built it specially for mining...
I bought a very powerful computer few months ago, it was at least 3 time more fast then my 3 year old computer(I did benchmark tests).. I started mining into a pool.. after 1 week, i had earned 0.5$ ... I did calculation with a bitcoin estimate value thing, using my computer mining speed... they said it would take me "1608 years, 120 days (can vary greatly depending on your luck)" to mine one block... and the block are now only 25bitcoin...

However, you can buy mining hardware, which are some kind of computer that are MADE for mining... but, with 10 000$ hardware it take 6 month to come back on investment... not very worth it..

Unless a IT computer guy spend ton's of money on hardware specialised into mining, I would be very confident in admitting there is no way someone earn a tons by mining without spending a tons on hardware.

So we have two miners on ISOC, cool

[martin0siddle]

So we have two miners on ISOC, cool

I dont mine anymore, it is not profitable, unless you spend 10-15k$ on hardware , and it would profit only in 6 month.... if i had 10k$ to spend, i would buy bitcoin instead, and hold into them for 6 month, im pretty sure that 10k$ on bitcoin would be earning more then 10k$ on hardware... the hardware u never know it can break, and with bitcoin mining difficulty increasing, it is ALWAYS harder to mine... and therfor rarety of bitcoin always increase..

Edit:

He talked about warcraft gold, I actually mine in world of warcraft does that count?

[Jimmydr]

He talked about warcraft gold, I actually mine in world of warcraft does that count?

Will you exchange those for ISOC stock?

[Jimmydr]

I dont mine anymore, it is not profitable, unless you spend 10-15k$ on hardware , and it would profit only in 6 month.... if i had 10k$ to spend, i would buy bitcoin instead, and hold into them for 6 month, im pretty sure that 10k$ on bitcoin would be earning more then 10k$ on hardware... the hardware u never know it can break, and with bitcoin mining difficulty increasing, it is ALWAYS harder to mine... and therfor rarety of bitcoin always increase..

Edit:

Just buy some blue chip stocks then.

[BigLongBeach]

Sick piece of social engineer.... we should keep this site about pussy. Maybe we should insta-ban members that trade currency or try to trade. It just like spamming,

Think about what can happen if one deal goes bad

Keep it about the toto

[Señor JDR of Medellin]

Sick piece of social engineer.... we should keep this site about pussy. Maybe we should insta-ban members that trade currency or try to trade. It just like spamming,

Think about what can happen if one deal goes bad

Keep it about the toto

I learned plenty, I got paid and now I have a guy that will convert it for me in dollars.

[Skynyrd]

Edit:

He talked about warcraft gold, I actually mine in world of warcraft does that count?

I have (3) level 90's I don't have time to mine, I just buy gold from the Chinese farmers and raid raid raid.