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Nasrudin the smuggler was leading a donkey that had bundles of straw on its back. An experienced border inspector spotted Nasrudin coming to his border. “Halt,” the inspector said. “What is your business here?” “I am an honest smuggler!“ replied Nasrudin. “Oh, really?” said the inspector. “Well,
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This virtual mining is some real serious business. A pity the computation isn't solving some useful problem.
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OK, but how would you use a little rectangle of gold to buy something online? Mail it to them?
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HabbaBabba, how does an easily-divisible gold card blow Bitcoin out of the water? One is physical, the other online.
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Are Bitcoin's wide swings something desired for someone holding Bitcoins or wanting to use them as money or a store of value? I'm unsure as to whether the posts here about it going down and then up are congratulatory or derogatory.
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Government is a potent concentration of power. All kinds of people have interests in controlling it for their own purposes. One should assume that every apparent failure, oversight, poor management, etc. is caused by one of these outside controlling interests. At any moment there are lots of people competing to have control.
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I'd guess that silver is easier to counterfeit than gold because gold is worth more per weight, so people are more scrutinizing of it.
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[quote]In many cases it can take a long time for Bitcoin transactions to clear because coins have to be “ mined ,” a computationally intensive process that involves sifting through large amounts of data to find numerical patterns that confirm the transaction is legitimate. OpenCoin maintains a single global ledger; transactions are confirmed
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The USD fluctuates. The Euro fluctuates.
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Oh wow, I just went back and see the tell-tale footer of Wheylous' actual message, below Tucker's supposed one. Until now I thought that Tucker had really posted and was just going along with the joke. None of it was surprising since I had a read a thread months before that these were closing, and that a couple of new ones were being created