OT: Ray, how's your Bitcoin investment going?

[Louis]

[Andrewlcox]

http://gizmodo.com/5994229/this-vide...-three-minutes

[jlwdm]

I wish I had some from the first of the year when it was $13.50.

Jeff

[slidey]

I watched this interview a few days back about Bitcoin in the hope of trying to understand it better. Unfortunately it cast a poor impression on the product, thanks to the very vocal rep they sent across.

[Ahneida Ride]

But no-one under vis et armis compelled you to use em.
Not the case with Feudal Preserve green stanps.

I'm in Feudal Preserve notes. The other Fiat currency.

I loose 6% a year.

The guy who started the Liberty Dollar is being accused of
Terrorist activities.

[Llewellyn]

Originally Posted by Ahneida Ride

But no-one under vis et armis compelled you to use em.
Not the case with Feudal Preserve green stanps.

I'm in Feudal Preserve notes. The other Fiat currency.

I loose 6% a year.

The guy who started the Liberty Dollar is being accused of
Terrorist activities.

[samsays]

Originally Posted by slidey

I watched this interview a few days back about Bitcoin in the hope of trying to understand it better. Unfortunately it cast a poor impression on the product, thanks to the very vocal rep they sent across.

Mohawk man speaks the truth. A true visionary for personal freedom from centralized systems and inherent corruption. Power to the people!

[MattTuck]

Bitcoin was the new gold, but it's so played out now.

Palladium is the new bitcoin. you heard it here first

[MattTuck]

Also hilarious...

http://dealbook.nytimes.com/2013/04/...s-close-up/?hp

Winklevoss twins own 1% of all bitcoins.

[samsays]

Originally Posted by MattTuck

Also hilarious...

http://dealbook.nytimes.com/2013/04/...s-close-up/?hp

Winklevoss twins own 1% of all bitcoins.

You mean The Winklevii...

[rounder]

I was going to suggest Paceline Bits as a new currency for bike parts, etc. It would require a leap of faith that would probably never happpen. There is no substitute for cash.

[Louis]

Originally Posted by MattTuck

Winklevoss twins own 1% of all bitcoins.

And they took a bit of a hit today...

[Ahneida Ride]

Actually frns = bitcons..

almost all frns are not paper (cash) ....
they are just data entries in a computer spreadsheet.

We are not FORCED to accept bitcons ...
We are COMPELLED to accept frns.


frn = non federal non reserve non note

The fed is a private central bank, you will not find it in the phone book
under government agencies. No more federal the fed ex.

It has no reserves ...

It's notes do not specify the terms of redemption, hence are NOT notes.

[goonster]

Originally Posted by Ahneida Ride

No more federal the fed ex.

The Fed was created by an act of Congress, and its board is appointed by the President.

So, yes, it is more federal than FedEx.

[ClutchCargo]

Originally Posted by Ahneida Ride

Actually frns = bitcons..

almost all frns are not paper (cash) ....
they are just data entries in a computer spreadsheet.

We are not FORCED to accept bitcons ...
We are COMPELLED to accept frns.


frn = non federal non reserve non note

The fed is a private central bank, you will not find it in the phone book
under government agencies. No more federal the fed ex.

It has no reserves ...

It's notes do not specify the terms of redemption, hence are NOT notes.

Really?
So what?