Author Topic: silk road taken out  (Read 9484 times)

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Offline yuezhi

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  Feds best not **** with my ****.
that's not the problem here Kublai Khan.
And who here wastes their time getting bitcoin anyways?
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Offline S-99

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And all I know of Bitcoins is that they're something of a running joke.
Bitcoins are usually a running joke from those that don't understand currency (not implying you don't understand currency, but you heard this from people who don't). They may be a running joke, but that is ill informed and of course doesn't have much if any meaning. Then again i've seen people who invest in gold get ridiculed by more people who don't understand currency. At least gold is easy to wrap a brain around; it is finite, it's value doesn't change.

Now bitcoins being a running joke. We already know that's great to scoff at in the first place. This is the number one currency of the dark internet, for good and bad purchases and sales (that's very successful currency adoption right there, it obviously has value). Bitcoin is slowly becoming an option of payment across the known internet too. There's also an ever increasing number of physical real life locations you can use bitcoin like bars, atms, stores (not quite in america yet). Lastly, bitcoins are valuable.

I don't see how any of this could be a running joke. Other people may not want to see it, but it is a successful thriving currency. Now the next form of argument coming from people is that bitcoin is only used for buying questionable goods like drugs and hitmen. The only thing to say to that is you can get the same stuff with normal cold hard cash as well (there's no difference in buying bad stuff with whatever currency since in the end it was still someone with money and an intent for the goods).

It may seem wierd, but bitcoin has matured to the point, and adopted enough that you can use it to grow your money. As far as investing in bitcoin for a rainy day fund. Nah, you'd rather invest in inflation proof gold.

Bitcoins are fascinating. I'm learning as much as i can before i go diving into it with my floaties on until i learn more from experience the day i take off the floaties.
Every pilot's goal is to rise up in the ranks and go beyond their purpose to a place of command on a very big ship. Like the colossus; to baseball bat everyone.

SMBFD

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An0n sucks my Jesus ring.

 

Offline Ghostavo

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At least gold is easy to wrap a brain around; it is finite, it's value doesn't change.

Wait, what?
"Closing the Box" - a campaign in the making :nervous:

Shrike is a dirty dirty admin, he's the destroyer of souls... oh god, let it be glue...

 
Ah, you see, that's not the price of gold changing; it's the price of everything else! Similarly, last April everything else doubled in value whilst Bitcoin stayed the same.
The good Christian should beware of mathematicians, and all those who make empty prophecies. The danger already exists that the mathematicians have made a covenant with the devil to darken the spirit and to confine man in the bonds of Hell.

 
I assumed trade between Venice and Beijing had been disrupted.

My first thought was that the old MMORPG finally shut down. I was disappointed to learn it was not.

Joking aside, Bitcoin: http://www.cgpgrey.com/blog/on-bitcoin-first-impressions
That's where I heard about silk road.

 

Offline S-99

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At least gold is easy to wrap a brain around; it is finite, it's value doesn't change.

Wait, what?
I will finish the sentence in this case. Gold is finite, while fiat currency is infinite. Gold will be whatever the price of inflated or deflated currency is valued at.

The easiest and laziest way to keep up with inflation is to turn all of your money assets into gold. Gold keeps up with inflation. If you bought gold at $1310 an ounce, and next year you sold that gold with inflation still going up with next years price per ounce being $1500; all you did was successfully keep up with inflation, you did not grow your money. Now of course this isn't practical, but it is a sure way to keep up with inflation.

What was a horrible time in history was teddy roosevelts executive order 6102. Now that was a fleecing of the populace.

But anyway, the link you provided shows how gold values go up and down. Gold is worth whatever the currency says it's worth, and that goes up and down. Because it's inflation and even deflation proof means that it's value never changes. The graphs you provided show this off. Then again, these graphs are worth more than just showing off gold value never changes. However, another topic. Gold is just an example of something that doesn't change value.
Every pilot's goal is to rise up in the ranks and go beyond their purpose to a place of command on a very big ship. Like the colossus; to baseball bat everyone.

SMBFD

I won't use google for you.

An0n sucks my Jesus ring.

 

Offline headdie

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bitcoin - yes heard of - dont care

silk road - never heard of - tbh still dont care and certainly not big enough news for me to bother reading this thread again
Minister of Interstellar Affairs Sol Union - Retired
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Offline Colonol Dekker

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I'd never heard of TOR or silkroad or bitcoins.

Campaigns I've added my distinctiveness to-
- Blue Planet: Battle Captains
-Battle of Neptune
-Between the Ashes 2
-Blue planet: Age of Aquarius
-FOTG?
-Inferno R1
-Ribos: The aftermath / -Retreat from Deneb
-Sol: A History
-TBP EACW teaser
-Earth Brakiri war
-TBP Fortune Hunters (I think?)
-TBP Relic
-Trancsend (Possibly?)
-Uncharted Territory
-Vassagos Dirge
-War Machine
(Others lost to the mists of time and no discernible audit trail)

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Secret bomb God.
That one time I got permabanned and got to read who was being bitxhy about me :p....
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Offline S-99

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The tor network is valuable to all of us. Bitcoin is another matter. Bitcoin is one of two things. To grow your money, to get transactions done easily over the internet, or both.

EDiT: the tor network increases in valuability because of my country's spying which easily become international. After all, not only americans use myspace, facebook, hotmail, etc.
Every pilot's goal is to rise up in the ranks and go beyond their purpose to a place of command on a very big ship. Like the colossus; to baseball bat everyone.

SMBFD

I won't use google for you.

An0n sucks my Jesus ring.

 
Quote
The easiest and laziest way to keep up with inflation is to turn all of your money assets into gold. Gold keeps up with inflation. If you bought gold at $1310 an ounce, and next year you sold that gold with inflation still going up with next years price per ounce being $1500; all you did was successfully keep up with inflation, you did not grow your money. Now of course this isn't practical, but it is a sure way to keep up with inflation.

Isn't Gold just an commidity like any other, which can be produced (albeit in limited numbers), and thus it price will increase or decrease based on supply and demand? With the demand generously increasing in times of crisis, depression, and inflation?

 

Offline Ghostavo

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At least gold is easy to wrap a brain around; it is finite, it's value doesn't change.

Wait, what?
I will finish the sentence in this case. Gold is finite, while fiat currency is infinite. Gold will be whatever the price of inflated or deflated currency is valued at.

The easiest and laziest way to keep up with inflation is to turn all of your money assets into gold. Gold keeps up with inflation. If you bought gold at $1310 an ounce, and next year you sold that gold with inflation still going up with next years price per ounce being $1500; all you did was successfully keep up with inflation, you did not grow your money. Now of course this isn't practical, but it is a sure way to keep up with inflation.

What was a horrible time in history was teddy roosevelts executive order 6102. Now that was a fleecing of the populace.

But anyway, the link you provided shows how gold values go up and down. Gold is worth whatever the currency says it's worth, and that goes up and down. Because it's inflation and even deflation proof means that it's value never changes. The graphs you provided show this off. Then again, these graphs are worth more than just showing off gold value never changes. However, another topic. Gold is just an example of something that doesn't change value.

No, just no.

That is just wrong. Look at the graph I provided, it shows the value of gold adjusted for inflation since 1915.

Gold is subject to the same effects as other commodities, it's not a magical substance.
"Closing the Box" - a campaign in the making :nervous:

Shrike is a dirty dirty admin, he's the destroyer of souls... oh god, let it be glue...

 
I mean for god's sake, silver or platinum or ****ing tellurium have a finite supply in the same sense as gold, and yet the relative prices of all four vary wildly. It boggles my mind how you can stand by this utterly bonkers view of economics with such conviction.
The good Christian should beware of mathematicians, and all those who make empty prophecies. The danger already exists that the mathematicians have made a covenant with the devil to darken the spirit and to confine man in the bonds of Hell.

 

Offline Luis Dias

  • 211
At least gold is easy to wrap a brain around; it is finite, it's value doesn't change.

Wait, what?
I will finish the sentence in this case. Gold is finite, while fiat currency is infinite. Gold will be whatever the price of inflated or deflated currency is valued at.

The easiest and laziest way to keep up with inflation is to turn all of your money assets into gold. Gold keeps up with inflation. If you bought gold at $1310 an ounce, and next year you sold that gold with inflation still going up with next years price per ounce being $1500; all you did was successfully keep up with inflation, you did not grow your money. Now of course this isn't practical, but it is a sure way to keep up with inflation.

What was a horrible time in history was teddy roosevelts executive order 6102. Now that was a fleecing of the populace.

But anyway, the link you provided shows how gold values go up and down. Gold is worth whatever the currency says it's worth, and that goes up and down. Because it's inflation and even deflation proof means that it's value never changes. The graphs you provided show this off. Then again, these graphs are worth more than just showing off gold value never changes. However, another topic. Gold is just an example of something that doesn't change value.

Ahahahahahahahahahahahaha

My initial reaction was exactly the same as Phantom Hoover's: Gold is *always* stable because Gold is always its own reference for goldbugs. Dontcha know that one ounce of Gold is always = one ounce of Gold? Perfect stability if you ask me! :D :D :D :D.

These shenanigans are so ingrained in our popular culture, no wonder that high politics play this nonsense game of ignoring basic rules and findings of macro-economics and try to impose austerities and other crazy measures like it, with the always occurring loud-piece in the background of some Fox News like channell saying stuff like "oh of course, if we had still kept the gold standard, all the problems of the middle class wouldn't exist, it's those ev1l librls and their loose money policies that are bankrupting our culture and our wealth!!1!". Then, they might as well tell us what they really think about the world and inform us the useful idiots that any woes we go through are to blame on things like social security and any "socialist-communist" idea like the welfare state.

And because some of these people seem sincere and honest while saying this bafoonery, like Ron Paul and so on, some people actually take them seriously. I really hope this nasty venom stays inside the US.

  

Offline Herra Tohtori

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Like Joshua said: Gold prices are dictated by supply and demand.
There are three things that last forever: Abort, Retry, Fail - and the greatest of these is Fail.

 

Offline S-99

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For extra research. Find out more about teddy roosevelt's executive order 6102. It was particularly nasty for the fleecing of profits from the populace.
Like Joshua said: Gold prices are dictated by supply and demand.
Gold is pretty damn stable.
Every pilot's goal is to rise up in the ranks and go beyond their purpose to a place of command on a very big ship. Like the colossus; to baseball bat everyone.

SMBFD

I won't use google for you.

An0n sucks my Jesus ring.

 

Offline Ghostavo

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For extra research. Find out more about teddy roosevelt's executive order 6102. It was particularly nasty for the fleecing of profits from the populace.
Like Joshua said: Gold prices are dictated by supply and demand.
Gold is pretty damn stable.

Check 1979 - 1981 as a particularly brutal counter-example.

Or for a more recent example, just the past 2 years or so.
"Closing the Box" - a campaign in the making :nervous:

Shrike is a dirty dirty admin, he's the destroyer of souls... oh god, let it be glue...

 

Offline Luis Dias

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For extra research. Find out more about teddy roosevelt's executive order 6102. It was particularly nasty for the fleecing of profits from the populace.
Like Joshua said: Gold prices are dictated by supply and demand.
Gold is pretty damn stable.

As I said, just look at GOLD ounces' price in GOLD ounces. Amazingly stable!

 
For extra research. Find out more about teddy roosevelt's executive order 6102. It was particularly nasty for the fleecing of profits from the populace.
Like Joshua said: Gold prices are dictated by supply and demand.
Gold is pretty damn stable.

Aqua regia mother****er
The good Christian should beware of mathematicians, and all those who make empty prophecies. The danger already exists that the mathematicians have made a covenant with the devil to darken the spirit and to confine man in the bonds of Hell.

 

Offline yuezhi

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  • ¿¡you dare defy the commodore‽
Now why didn't ian Fleming think of that when he was depicting fort Knox?
ϟIn Neo-Terra we Trustϟ
ϟGreat Tin Can Run (Download
☭Gods and Conquerors  - mission design, tech descriptions, sounds; currently 5% Book of Invasions(reserved)☭


░░░░░░███████ ]▄▄▄▄▄▄▄▄        ︻╦╤─   Bob is building an army.
    ▂▄▅█████████▅▄▃▂          ☻/         This tank & Bob are against Google+
Il███████████████████].       /▌          Copy and Paste this all over
  ◥⊙▲⊙▲⊙▲⊙▲⊙▲⊙▲⊙◤...     / \          Youtube if you are with us!

 

Offline Klaustrophobia

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s-99, you're aware that bitcoin is essentially a pyramid scheme right?
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