I understand that a lot of that is that people living in a house tend to keep it somewhat dry (this will be climate dependent). I have seen structures in Scotland that had been abandoned for centuries and the basic shell was still in good shape though and in at least a couple of places around here, stone chimneys still stand where the rest of the house hasn't even left an impression.
You are sadly mistaken. The inflation rate is currently much higher than the rate of growth of the economy and that's even with the effects of the last round of quantitative easing being held back by trickery. And let's not forget that awfully-huge national debt hanging out there.
It is hard to tell if Bitcoin is currently priced correctly. It has fluctuated quite heavily over the past 12 months or so. It is also still relatively unknown and under-used. It could possibly go under and be worth 0 of anything but if it grows (as it has been) and people find a use for it, its value will grow. The shakier the dollar becomes, the more attractive it will look. The longer it, if nothing else, just stays around, the more attractive it will look.
It's hard to say where Bitcoin will go. It likely won't ever fully take over the world or even a single country's economy but it has a huge potential for growth. If nothing else, it's a fascinating way to get a handle on what money and currency is really about. I've put a little money into it, it'll be interesting to see what happens.
Bitcoin may yet fail. And yet more and more, people see their savings dwindle away as the government prints more money or find that it's not even worth having savings and so we have the terrible consumer debt-ridden powder keg we now live in. People will want to store their wealth somewhere other than the next bubble. Bitcoins offers a similar option as gold which is, after all, just a shiny metal with little industrial use.
The delflationary spiral is a lie, brought to you by the same kind of thought processes that brought Muthusian catastrophe theory and pushed by people who want an excuse to steal your wealth by inflating the money supply (purely for humanitarian reasons, of course).
Between losing a few bucks now and then to disputes which aren't settled satisfactorily and losing more than a third of my income to the government each year, the choice is an easy one.
Even brick homes in the US tend to be wooden framed and just faced in brick. The house I grew up in in the UK was brick all through even on the interior walls and the exterior walls were two layers of brick with a cavity. American mentality seems to be "quick, cheap and don't worry about 50 years down the road".
Don't forget to put a little aside to replace your wife and/or kids who were killed in the collapsing structure. And get some reincarnation insurance as well.
Security generally advances through evolution, not revolution.After making significant advances in security from 3.1 to XP, Microsoft is all out of evolution and so they're just throwing in random shiny (and they've even run out of the semi-good stock of that).
So new code just for the sake of it and is it any wonder bugs come along with it?
+1. Palm dropped the ball. The TX was just a step away from being a smartphone. They got dazzled by RIM and went in the Treo direction then just seemed to implode. Apple was smart to move in there, no doubt but the prize was Palm's to throw away.
Yep, the London one moves so slowly that you just walk onto the moving capsule. It's probably moving at a fraction of the speed of an escalator or travelovator
Are you in the US? Here they call everything a city. I live in a "city" with a population of 50k that would be considered a town in England but I've seen it used on places that would barely be considered a hamlet.
Slashdot Mirror
I understand that a lot of that is that people living in a house tend to keep it somewhat dry (this will be climate dependent). I have seen structures in Scotland that had been abandoned for centuries and the basic shell was still in good shape though and in at least a couple of places around here, stone chimneys still stand where the rest of the house hasn't even left an impression.
You are sadly mistaken. The inflation rate is currently much higher than the rate of growth of the economy and that's even with the effects of the last round of quantitative easing being held back by trickery. And let's not forget that awfully-huge national debt hanging out there.
It is hard to tell if Bitcoin is currently priced correctly. It has fluctuated quite heavily over the past 12 months or so. It is also still relatively unknown and under-used. It could possibly go under and be worth 0 of anything but if it grows (as it has been) and people find a use for it, its value will grow. The shakier the dollar becomes, the more attractive it will look. The longer it, if nothing else, just stays around, the more attractive it will look.
It's hard to say where Bitcoin will go. It likely won't ever fully take over the world or even a single country's economy but it has a huge potential for growth. If nothing else, it's a fascinating way to get a handle on what money and currency is really about. I've put a little money into it, it'll be interesting to see what happens.
Feel free to read the many, many pages of discussion on the subject. A glib naysay doesn't count for much.
Bitcoin may yet fail. And yet more and more, people see their savings dwindle away as the government prints more money or find that it's not even worth having savings and so we have the terrible consumer debt-ridden powder keg we now live in. People will want to store their wealth somewhere other than the next bubble. Bitcoins offers a similar option as gold which is, after all, just a shiny metal with little industrial use.
The delflationary spiral is a lie, brought to you by the same kind of thought processes that brought Muthusian catastrophe theory and pushed by people who want an excuse to steal your wealth by inflating the money supply (purely for humanitarian reasons, of course).
Between losing a few bucks now and then to disputes which aren't settled satisfactorily and losing more than a third of my income to the government each year, the choice is an easy one.
For me, the primary benefit is that it is not subject to arbitrary inflation. This is not the case with cash.
Even brick homes in the US tend to be wooden framed and just faced in brick. The house I grew up in in the UK was brick all through even on the interior walls and the exterior walls were two layers of brick with a cavity. American mentality seems to be "quick, cheap and don't worry about 50 years down the road".
Don't forget to put a little aside to replace your wife and/or kids who were killed in the collapsing structure. And get some reincarnation insurance as well.
Perl Harbors?
I guess that's one person who's not happy Obama popped bin Laden
As a Brit living in America, I can tell you that this is not the complete story. I have to work hard to stay pale and pasty
Security generally advances through evolution, not revolution.After making significant advances in security from 3.1 to XP, Microsoft is all out of evolution and so they're just throwing in random shiny (and they've even run out of the semi-good stock of that).
So new code just for the sake of it and is it any wonder bugs come along with it?
Street. Shark.
This is why the British look so well tanned and healthy all the time.
+1. Palm dropped the ball. The TX was just a step away from being a smartphone. They got dazzled by RIM and went in the Treo direction then just seemed to implode. Apple was smart to move in there, no doubt but the prize was Palm's to throw away.
csv for starters.
Relatively stronger opposition to government interference has led to a tax structure which is more attractive to business.
Yep, the London one moves so slowly that you just walk onto the moving capsule. It's probably moving at a fraction of the speed of an escalator or travelovator
Too true. Get in bed with Microsoft. What could possibly go wrong?
Correction, 12k. I think 50k is the county population.
Are you in the US? Here they call everything a city. I live in a "city" with a population of 50k that would be considered a town in England but I've seen it used on places that would barely be considered a hamlet.
We have A GC. But it's nice to try and stop the hideous multiplication of boxes and cables around the main TV.
A link for anyone who feels the AC has some kind of point.
http://www.periodictable.com/Properties/A/UniverseAbundance.html
That's what I meant by the correction factors.
But can you believe in the dollars that are behind those guns? (c.f. sequestration)