[Chugalug] More on Bitcoin:

Aaron welch n2nightfall at gmail.com
Thu Aug 22 16:40:10 UTC 2013


Me too, me too.

-AW


On Thu, Aug 22, 2013 at 12:36 PM, Lynn Dixon <boodaddy at gmail.com> wrote:

> 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.
>>>>>>>>
>>>>>>>>
>>>>
>>>> _______________________________________________
>>>> Chugalug mailing list
>>>> Chugalug at chugalug.org
>>>> http://chugalug.org/cgi-bin/mailman/listinfo/chugalug
>>>>
>>>> _______________________________________________
>>> Chugalug mailing list
>>> Chugalug at chugalug.org
>>> http://chugalug.org/cgi-bin/mailman/listinfo/chugalug
>>>
>>>
>>>
>>> _______________________________________________
>>> Chugalug mailing list
>>> Chugalug at chugalug.org
>>> http://chugalug.org/cgi-bin/mailman/listinfo/chugalug
>>>
>>>
>>
>>
>> --
>> Aaron Welch
>> Chief Mechanic @ Geek Ventures
>> 423-505-9999
>> n2nightfall at gmail.com
>> "Enabling people to do great things with their own ideas."
>>
>> _______________________________________________
>> Chugalug mailing list
>> Chugalug at chugalug.org
>> http://chugalug.org/cgi-bin/mailman/listinfo/chugalug
>>
>>
>
> _______________________________________________
> Chugalug mailing list
> Chugalug at chugalug.org
> http://chugalug.org/cgi-bin/mailman/listinfo/chugalug
>
>


-- 
Aaron Welch
Chief Mechanic @ Geek Ventures
423-505-9999
n2nightfall at gmail.com
"Enabling people to do great things with their own ideas."
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://chugalug.org/pipermail/chugalug/attachments/20130822/28949989/attachment.html>


More information about the Chugalug mailing list