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PostPosted: Tue Aug 21, 2012 1:22 am 
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Are our fiat currencies really worth something other than the value of paper and ink they are made of and what governments and the central banks that are in cahoots with them would have us believe? Are they just printing them out like there is no tomorrow? Aren't they just another illusion perpetuated by the powers that be?

https://en.wikipedia.org/wiki/Nixon_Shock
https://en.wikipedia.org/wiki/Fiat_money


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PostPosted: Tue Aug 21, 2012 1:58 am 
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The Federal Reserve System...

https://en.wikipedia.org/wiki/Federal_Reserve_System


...and the nitty-gritty of it (sans government spin); a must-read...

http://www.amazon.com/The-Creature-Jekyll-Island-Federal/dp/0912986328


...or in a nutshell...

https://www.youtube.com/watch?v=lu_VqX6J93k


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PostPosted: Tue Aug 21, 2012 12:17 pm 
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The Real Reason Why Gaddafi Was Killed:

https://www.youtube.com/watch?v=6O8vM0-6EEE


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PostPosted: Tue Aug 21, 2012 12:39 pm 
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Top 10 Bitcoin Statistics - Forbes:

http://www.forbes.com/sites/jonmatonis/2012/07/31/top-10-bitcoin-statistics/


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PostPosted: Thu Aug 23, 2012 2:56 pm 
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Bitcoin company says debit cards coming in two months...

http://arstechnica.com/business/2012/08/bitcoin-company-says-debit-cards-coming-in-two-months/?comments=1#comments-bar


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PostPosted: Tue Aug 28, 2012 12:37 pm 
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Hope in your next post bro, you can post something that you have bought through your bitcoin. :D

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PostPosted: Tue Aug 28, 2012 12:56 pm 
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wth is this? why do you need a high end computer to mine bitcoins? :?

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PostPosted: Tue Aug 28, 2012 3:26 pm 
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redhorse wrote:
Hope in your next post bro, you can post something that you have bought through your bitcoin. :D


I intend to get a Troy ounce of Krugerrand once I accumulate enough Bitcoins from mining. I suppose I could just buy Bitcoins at market price and use them to get a couple of Krugerrands but where's the fun in that?

http://www.coinabul.com/

I'm paying some online services with Bitcoins BTW.


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PostPosted: Tue Aug 28, 2012 3:37 pm 
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SieteSuerte wrote:
wth is this? why do you need a high end computer to mine bitcoins? :?

A high-end computer is not necessarily needed. However, an appropriate GPU (the high-end ones obviously are more capable of higher hash rates) and a good PSU is needed to be more efficient in mining. While gaming has frame rates, Bitcoin mining has hash rates. In both cases, the higher the better. You can use CPUs for mining but they're not very good at it (even the high-end ones).


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PostPosted: Tue Aug 28, 2012 8:42 pm 
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kulukuy wrote:
redhorse wrote:
Hope in your next post bro, you can post something that you have bought through your bitcoin. :D


I intend to get a Troy ounce of Krugerrand once I accumulate enough Bitcoins from mining. I suppose I could just buy Bitcoins at market price and use them to get a couple of Krugerrands but where's the fun in that?

http://www.coinabul.com/

I'm paying some online services with Bitcoins BTW.


Is bitcoins already accepted in ebay?

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PostPosted: Wed Aug 29, 2012 2:42 am 
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redhorse wrote:
kulukuy wrote:
redhorse wrote:
Hope in your next post bro, you can post something that you have bought through your bitcoin. :D


I intend to get a Troy ounce of Krugerrand once I accumulate enough Bitcoins from mining. I suppose I could just buy Bitcoins at market price and use them to get a couple of Krugerrands but where's the fun in that?

http://www.coinabul.com/

I'm paying some online services with Bitcoins BTW.


Is bitcoins already accepted in ebay?


AFAIK, no; not directly anyway. I think there are conversion services out there to facilitate that. To my knowledge, ebay currently has specific policies regarding alternative payment methods but nevertheless, they've shown disdain towards BTC. Paypal hates BTC (I think ebay owns paypal). So, it's not surprising to see these "corporate entities" being threatened by what they perceive to be a competition (BTC) when actually it's not. BTC is a currency and not a payment service like paypal. If there are more demands to accept BTC as payments, I'm sure they'll capitulate eventually especially when they start to see Dollar signs...I mean Bitcoin signs in there corporate heads. After all, it's just business. Here are some interesting blogs:

http://bitcoin.stackexchange.com/questions/3394/does-an-ebay-listing-that-accepts-bitcoin-violate-their-payments-policy

https://bitcointalk.org/index.php?topic=74045.0

http://bitcoinforums.net/threads/ebay-warnings.450/

BTC are sold in ebay though; they just have to be paid in accordance with their current payment policies.


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PostPosted: Wed Aug 29, 2012 3:13 am 
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Though I currently could trade my BTC for USD (or any world currency for that matter) and conveniently have it transferred directly to a couple of USD bank accounts that I have in da Pilipens, it's good to know that someone is taking the initiative to make BTC and its low-cost feature (possibly no-cost at all) and convenience available to the non-BTC literate folks in da Pilipens:

https://bitcointalk.org/index.php?topic=88320.0

...and here are some world businesses that currently accept BTC (I don't think this is a complete list though). Mang Sweeney is on the list:

https://en.bitcoin.it/wiki/Trade


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PostPosted: Fri Aug 31, 2012 3:06 am 
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The following article was published last year. In spite of the title, it is a good overview of the history of BTC and the mystery surrounding Bitcoin founder, Satoshi Nakamoto (4 pages - links at the bottom):

http://www.wired.com/magazine/2011/11/mf_bitcoin/


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PostPosted: Fri Aug 31, 2012 8:24 am 
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kulukuy wrote:
SieteSuerte wrote:
wth is this? why do you need a high end computer to mine bitcoins? :?

A high-end computer is not necessarily needed. However, an appropriate GPU (the high-end ones obviously are more capable of higher hash rates) and a good PSU is needed to be more efficient in mining. While gaming has frame rates, Bitcoin mining has hash rates. In both cases, the higher the better. You can use CPUs for mining but they're not very good at it (even the high-end ones).

What then in your opinion should be the ideal components but cost effective bitcoin mining rig?


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PostPosted: Fri Aug 31, 2012 9:17 am 
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I gather that the bitcoin currency is supported by an international network of opensource community free from any gov't control. CJ Corona's efforts to hide his wealth would have earned more success if he bought bitcoins instead of hiding his wealth in banks which are subject to the laws of the land. Your posts imply that the bitcoin system is good at trading and transacting, but I think its ideal for money laundering.


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