[Chugalug] More on Bitcoin:

Lynn Dixon boodaddy at gmail.com
Thu Aug 22 16:36:33 UTC 2013


Aaron,
This is something I have been doing for the last couple of years.  Bitcoin
mining, and trading has been very profitable for me. I can't say for
certain that it will always be this profitable, but I am damn sure going to
ride this curve for as long as its making me money.


On Thu, Aug 22, 2013 at 12:00 PM, Aaron welch <n2nightfall at gmail.com> wrote:

> Agreed.  Lets stop arguing about its merits and downfalls and focus on the
> important parts...  Make the money now before they figure out how to
> devalue it.
>
> -AW
>
>
>
> On Thu, Aug 22, 2013 at 11:44 AM, Bret McHone <dbmchone at gmail.com> wrote:
>
>> http://www.youtube.com/watch?v=xmFXEcI_AA4   This about sums it up.
>>
>> -B
>>
>> On Aug 22, 2013, at 11:27 AM, Stephen Kraus wrote:
>>
>> All you are doing by proposing replacing a regulated form of currency
>> with a limited by design crypto currency is introducing the same problems
>> we ditched by leaving gold backed currency.
>>
>> It is deeply ironic that bitcoiners decry regulation without fully
>> understanding that is exactly what large, monopolistic buisnesses want, or
>> a magical free market thatwe technically had in the early 1900s and only
>> led to massive worker and market abuses.
>>
>> It is with even deeper irony that you decry government manipulation of
>> markets, when the exact opposite led to massive and disastrous market
>> fluctuations.
>>
>> It is with the deepest irony that you decry manipulation of markets
>> without realizing that studying and learning to manipulate markets is the
>> ENTIRE point of economics.
>>
>> Like I said, when pigs fly.
>>  On Aug 22, 2013 11:12 AM, "Matt Keys" <mk6032 at yahoo.com> wrote:
>>
>>>
>>> http://www.cnbc.com/id/100923551
>>>
>>>
>>> On 08/22/2013 10:57 AM, Stephen Kraus wrote:
>>>
>>> If it happens, I'll be waiting for the flying pigs.
>>> On Aug 22, 2013 10:00 AM, "Matt Keys" <mk6032 at yahoo.com> wrote:
>>>
>>>>
>>>> Bitcoin is already an accepted form of payment. Some employers like the
>>>> Internet Archive already give that option to their employees. In other
>>>> words I see bitcoin as a stabilizing factor in a crisis like that. In order
>>>> to keep food, water, shelter, etc. you'd need to pay those employees that
>>>> keep those utilities going... so you're gonna pay them in sandwiches,
>>>> water, and bullets -- or bitcoin? How would you collect payments if you're
>>>> an employer?
>>>>
>>>> What happened in Cyprus is a fact. Another fact that took place around
>>>> 80 years ago... "executive order 6102". Governments historically try to
>>>> seize or ban when they're loosing control or wanting control of something
>>>> -- land, water, shelter, guns/ammo... even money.
>>>>
>>>> On 08/22/2013 08:59 AM, Stephen Haywood wrote:
>>>>
>>>>> If the Euro, or Dollar go belly up, the most usable currency for a few
>>>>> weeks or months will be water, food, shelter, and protection, not bitcoins.
>>>>> Now, after things stabilize, bitcoins might rise up to be the new
>>>>> Euro/Dollar but it is very unlikely.
>>>>> --
>>>>> Stephen Haywood
>>>>> Owner, ASG Consulting
>>>>> CISSP, GSEC, OSCP
>>>>> 423.305.3700
>>>>> stephen at averagesecurityguy.info
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> On Aug 22, 2013, at 6:05 AM, Matt Keys <mk6032 at yahoo.com> wrote:
>>>>>
>>>>>  Yeah, have fun...
>>>>>>
>>>>>> Have fun trying to keep track of who's behind the IP in each
>>>>>> transaction... have fun trying to "regulate" a peer-to-peer network with no
>>>>>> central authority. Downloading copyrighted material using bittorrent has
>>>>>> been deemed illegal and has been "regulated" by various authorities... does
>>>>>> it still happen? Do the authorities know exactly how often this happens,
>>>>>> from where, to/from whom?
>>>>>>
>>>>>> The usual political fear mongering won't work. I think what's
>>>>>> happening is that governments are starting to wrap their heads around this
>>>>>> gigantic problem -- "how the hell are we going to continue business as
>>>>>> usual if this really takes off worldwide?"
>>>>>>
>>>>>> This guy quoted on the cnbc article has the right idea, but he's
>>>>>> thinking about it in the wrong direction : "If the euro does go belly up
>>>>>> the German authorities could potentially still collect tax if everyone
>>>>>> started using the bitcoin - that's a good example of German
>>>>>> forward-thinking!" -- http://www.cnbc.com/id/100971898 . If the Euro
>>>>>> goes "belly up" nobody is going to give a shit about German taxes. They're
>>>>>> going to dump their Euro money, as fast as possible, to bitcoin and another
>>>>>> forms of money. Think Cyprus crisis v2.0 on an exponential scale.
>>>>>>
>>>>>>
>>>>>> On 08/21/2013 04:21 PM, Stephen Kraus wrote:
>>>>>>
>>>>>>> Yeah, guess what it means.
>>>>>>>
>>>>>>> You have to report any profit you make from Bitcoin on your taxes.
>>>>>>> Have fun!
>>>>>>>
>>>>>>>
>>>>>>> On Wed, Aug 21, 2013 at 3:59 PM, Tyler Mittan <
>>>>>>> flashbatmanquestion at gmail.com> wrote:
>>>>>>> Looks like Bitcoin is being recognized as "private money" by Germany:
>>>>>>>
>>>>>>> http://www.cnbc.com/id/100971898
>>>>>>>
>>>>>>> For those that don't take Austrian economics seriously, notice the
>>>>>>> name drop of F.A. Hayek.
>>>>>>>
>>>>>>>
>>>
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>
>
> --
> Aaron Welch
> Chief Mechanic @ Geek Ventures
> 423-505-9999
> n2nightfall at gmail.com
> "Enabling people to do great things with their own ideas."
>
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