Silk Road forums
Discussion => Silk Road discussion => Topic started by: 46&2 on September 18, 2011, 02:00 am
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there is a large market for use of the btc other than this venue, but, with this venue thriving, would the feds decide to mine the hell out of btc mountains to devalue, thus, achieving containment on this venue to deter such activity?
with a theory of infinite possible coins to be mined, it's value could take the same route as Zimbabwe's currency.
this avenue of payment is more cost effective for buyers and a little easier to translate back to mainstream currencies for vendors, so, i just hope the value we are seeing right now is the worst of the plunge.
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yes, this is about the worst it has plunged and it is destroying me as a vendor. every other vendor understands me i'm very sure of that :)
the approach of feds mining btc themselves is debatable however, as the amount of total bitcoins is not infinite and hardcoded into the btc itself.
this is done specifically to thwart unfair advantages in mining, as is the block / chain difficulty.
correct me if i'm wrong with this answer, but this is what i gathered from OP.
i'm not sure fed/nsa would take this type of approach as it would be too time consuming.
regards,
L75
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with a theory of infinite possible coins to be mined, it's value could take the same route as Zimbabwe's currency.
this avenue of payment is more cost effective for buyers and a little easier to translate back to mainstream currencies for vendors, so, i just hope the value we are seeing right now is the worst of the plunge.
You scoff. But I traded my BTC for Zimbabwe's currency. With my LARGE BTC trade, I am trying to get the currency to be called "Ddro Dollahs" or "McGillacutty Money." We are still in negotiations. This is going to be EPIC! I am sure of it.
LE is capable of wasting enormous amounts of cash and time. Nothing is above or below them. LE is capable of EVERYTHING! So ya, they prolly mine too. Then they prolly trade for marijuana. Fuckers! I really hope this Zimbabwe thing works out. Ya know. Nice place to do business but I wouldn't want to live there, lol.
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LE dont have the cash....they cant even pay for their unfunded liabilities, re pensions.
LE are broke ...the US are broke. There is no coming back. Sorry.
There is a glimmer of hope though.
If coke built Miami...SR will rebuild America :P
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with a theory of infinite possible coins to be mined, it's value could take the same route as Zimbabwe's currency.
this avenue of payment is more cost effective for buyers and a little easier to translate back to mainstream currencies for vendors, so, i just hope the value we are seeing right now is the worst of the plunge.
You scoff. But I traded my BTC for Zimbabwe's currency. With my LARGE BTC trade, I am trying to get the currency to be called "Ddro Dollahs" or "McGillacutty Money." We are still in negotiations. This is going to be EPIC! I am sure of it.
LE is capable of wasting enormous amounts of cash and time. Nothing is above or below them. LE is capable of EVERYTHING! So ya, they prolly mine too. Then they prolly trade for marijuana. Fuckers! I really hope this Zimbabwe thing works out. Ya know. Nice place to do business but I wouldn't want to live there, lol.
AHAHAHAHAHAHHAH LOOOOOOOOOOL
DYING!!!
epic brofist.
L75
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high market volatility could drive away sellers, stable market will only get more sellers to SR, regrdles of the BTC/$ ratio...
And the more people are in Bitcoin the market will be less volatile
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I am sticking around. "BTC hits a nickle." I am not going to rush to any conclusions. The BTC is volitile. It may go back ^ to $8 tomorrow. We all have seen some crazy things. I'm not in a rush to leave
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LE dont have the cash....they cant even pay for their unfunded liabilities, re pensions.
LE are broke ...the US are broke. There is no coming back. Sorry.
There is a glimmer of hope though.
If coke built Miami...SR will rebuild America :P
+1 Love it! Sr will rebuild America hahahaha
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The volatility sure doesn't help the margins, and I'm sad to see sellers go (from a community perspective. From a competition perspective I think I'm allright with it......). That being said, my f2f business is more than enough to subsidize a few lower-margin or breakeven transactions and keep my rep going.
I see this as a ground floor opportunity in a new type of crypto-anarchic industry that helps to supercede the state and brings peaceful people together. It's something I strongly believe in philosophically and morally in my real life, so this just makes sense to me. Not that i would be here if I were losing money, but i'm clearing enough to justify the time and the community is great. I want this thing to grow and grow and have a dozen clones in a year or two. Worldwide. Hell, SR should franchise out specialty sites for prostitution, arms sales, etc.
Onwards and upwards, I say!
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I'm here to stay. To much fun workin with you all.
Lovin you guys,
DigitalAlch
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The profits are miniscule when compared from the joy we get from serving such a community.
I clearly remember dreaming about such a futuristic community that believe in true freedom to choose what they wish to put into their body.
To be part of the dream is payment enough.... :)
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I'm here to stay. To much fun workin with you all.
Lovin you guys,
DigitalAlch
+1
Really agree here.
L75
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it hurt, but partly due to not having a good 'out' for bitcoins.
any suggestions?
it's been a bit of debate as of late on staying. it's certainly not for profit but for tje revolution! viva la silk riad!
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The profits are miniscule when compared from the joy we get from serving such a community.
I clearly remember dreaming about such a futuristic community that believe in true freedom to choose what they wish to put into their body.
To be part of the dream is payment enough.... :)
I'm here to stay. To much fun workin with you all.
Lovin you guys,
DigitalAlch
+1
Really agree here.
L75
great attitudes and approaches guys
<3
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LE dont have the cash....they cant even pay for their unfunded liabilities, re pensions.
LE are broke ...the US are broke. There is no coming back. Sorry.
There is a glimmer of hope though.
If coke built Miami...SR will rebuild America :P
+1 Love it! Sr will rebuild America hahahaha
LE is broke... HA!! Tell that to Pablo Escobar. Oh wait.. That's right you can't. The government killed him. America and Columbia. Sure he HAD an EPIC run. But understand this, LE is never "broke." They got Pablo, they can get you to. They just have to want you. Do not be disillusioned.
And to the second point. The coke will have to come from many vendors (same supplier, prolly) and be WAY BETTER AND CONSISTENT!! Period! Then ya, SR could rebuild America. +1
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right. the volatility.
liquidity is vital for stability.