• RonPaulIsGreat's Avatar
    Yesterday, 07:26 PM
    A fraction of the miners drop off all the time, as equip ages, or dies, or whatever and new ones are added to depending on the environment. The difficulty adjusts every like 2000 blocks, meaning it can become harder or easier to mine a block after each difficulty adjustment. So, if it becomes unprofitable some miners will quit, and the difficulty will lower, meaning it'll take less computation to find a block which means profitability goes up for the remaining miners. Plus at least for a period some will mine at a loss even, as a speculative play, or to simply help protect the network, in the case of a massive price drop overnight.
    20 replies | 285 view(s)
  • RonPaulIsGreat's Avatar
    Yesterday, 10:51 AM
    If you are against bitcoin you hate Ron Paul.
    20 replies | 285 view(s)
  • RonPaulIsGreat's Avatar
    11-16-2017, 04:09 PM
    8000 breached..... OMG.....
    205 replies | 6390 view(s)
  • RonPaulIsGreat's Avatar
    11-16-2017, 03:24 PM
    No trolling required a Blockchain can not insure the accuracy of the gold accounting it is being used as a "representation" for. So, the ledger will 100% be flawed. So, in order to fix your gold back cryptocurrency when errors occur or thefts, or counterfeiting of the gold, you must be able to modify the values of the blockchain at will, by some centralized authority, and that modification power will override the control any user has by simply holding a private keys. In order to have a blockchain backed by gold it REQUIRES a central authority that can modify balances at will, making it useless as a store of value, outside the control of goobermints, or corps. At that point you might as well use a mysql database like peter schiffs company likely uses. Edited to add.... As far as "what's there" in regards to bitcoin. The ultimate quality is the accuracy of the accounting, it is the most resistant system to fraudulent data entries every made by man to this date. So, there is likely 99.9999999999% probability that a bitcoin with a few confirms is truly 1 Bitcoin under your control, and that 1 Bitcoin was created by a set of rules that can be traced back to 2009, and anybody with the public address can verify that fact from anywhere on the planet. That accuracy does not exist with banks, nor "electronic gold", etc....
    205 replies | 6390 view(s)
  • RonPaulIsGreat's Avatar
    11-15-2017, 09:29 PM
    White is like obscenity, you know it when you see it.
    5 replies | 166 view(s)
  • RonPaulIsGreat's Avatar
    11-15-2017, 09:05 AM
    All whites are genetically racist.
    5 replies | 166 view(s)
  • RonPaulIsGreat's Avatar
    11-14-2017, 03:46 AM
    Why couldn't bitcoin adapt the "solution" that allows conveniently buying the cup of coffee. Answer is it can, and would if any of the systems tried actually worked for that. Ethereum does not do what it's goal is, it can not scale to the levels required at present, they are working on it like every other "real" crypto is. "Bitcoin Cash" fork, just bumped the blocksize up, and didn't solve anything at all. They are completely on the path to datacenter nodes, with their "Vision" of up to 1GB blocks, essentially making it a retarded nearly centralized version of paypal. It really will barely be considered a "Bitcoin" like system at all then (no real decentralization), when you HAVE to run a node in a large datacenter, and use a 20,000 dollar server just to handle the load. So, "bitcoin cash" isn't. Monero had scaling issues last I heard. Anyway, the solution it appears, is a way to do small transactions on a less fundamentally secure platform, and have that settle back to the base layer periodically. I'm 100% certain that'll happen, the question is how seamless the process can be made for the end user, if it is inconvenient, or requires technical knowledge to do it, then it is no solution for the masses. 2018 is likely to be the year of "2nd layer" solutions for micropayments experimentation, as that is truly the number one thing holding back adoption. By 2020 my gut prediction is 90% chance coffee payments will be happening,using a 2nd layer solution.
    205 replies | 6390 view(s)
  • RonPaulIsGreat's Avatar
    11-14-2017, 03:22 AM
    I was born white. But... since I'm attracted to white girls, and my weiner is larger than average, and I love kfc, I think I must be black. I can't be white, because I don't hate myself or feel bad about things that happened 200 years ago. I also never experienced any "White" privilege, it's like everyone knows I'm really black. I'm so confused.
    26 replies | 250 view(s)
  • RonPaulIsGreat's Avatar
    11-14-2017, 03:18 AM
    "The goal is do some early sales of Chia in Q2 2018, with a full launch of its cryptocurrency by the end of 2018, though Cohen says that’s a stretch goal." That's all you need to know.
    5 replies | 277 view(s)
  • RonPaulIsGreat's Avatar
    11-11-2017, 01:17 PM
    REal men use electric chainsaws, didn't know had so many boys up here.
    38 replies | 1459 view(s)
  • RonPaulIsGreat's Avatar
    11-08-2017, 09:57 AM
    I would like a good electric acoustic guitar with the ronpaulforums discount please. I will pay in bitcoin. You can be creative with the accounting and report it broken.
    14 replies | 228 view(s)
  • RonPaulIsGreat's Avatar
    11-08-2017, 12:51 AM
    IF you can fit two hands in the bush, better to find another bird.
    21 replies | 520 view(s)
  • RonPaulIsGreat's Avatar
    11-06-2017, 05:52 AM
    I don't use the internet so not a problem I need to think about.
    23 replies | 417 view(s)
  • RonPaulIsGreat's Avatar
    11-06-2017, 05:33 AM
    OMG, NSA speculated about the advent of electronic cash!!!!!!!! as did 1000's of others before it actually came into existence. I'm selling all my bitcoins it's obviously a program by the government to diminish its own power. I just read several sections of that paper, it all revolves around a central "Bank" controlling deposits and withdraws. So, not even similar at all to bitcoin. Proof of work is probably the most important thing about bitcoin, as it allows the mining process, which gets rid of the need for a central authority to approve transactions, and prevent nefarious situations like double spending (if wait for the transaction to be several blocks deep before counting it as "actually" received).
    205 replies | 6390 view(s)
  • RonPaulIsGreat's Avatar
    11-05-2017, 09:13 AM
    That's Hawt.
    36 replies | 533 view(s)
  • RonPaulIsGreat's Avatar
    11-05-2017, 06:39 AM
    Kingdom Holding Company Chairman Prince Alwaleed Bin Talal was interviewed on CNBC today where he discussed a plethora of political and financial topics. The one that appears to be capturing the most attention is his comments on Bitcoin, or cryptocurrency in general, as he stated, “I just don’t believe this Bitcoin thing.” The Prince went on to describe Bitcoin as Enron-like, referencing one of the most famous financial frauds of all time. “Enron in the making.” said the Prince. He went on to criticize Bitcoin as it is unregulated and not under the control of any governmental agencies such as the Federal Reserve. Of course, this lack of government control is part of the global appeal of Bitcoin. “I am in agreement with JP Morgan, said Prince Alwaleed. Referencing Jamie Dimon’s famous comment where he labeled Bitcoin a fraud. Don't fuck with us, or you get taken out!!One down... a 1000 to go..
    62 replies | 813 view(s)
  • RonPaulIsGreat's Avatar
    11-05-2017, 06:19 AM
    I'm beautiful no matter what they say, words can't bring me down...
    36 replies | 533 view(s)
  • RonPaulIsGreat's Avatar
    11-04-2017, 11:38 PM
    edited because went back to your post 8... MAn, I already said most of the "electricity" energy is converted to heat in computing. No idea how you don't grasp this... Sure like 99% is converted to heat immediately versus 100% in a "normal" electric heater (not a heat pump) going the 99% route I make like 4 times my power bill cost, So I'll sacrifice the 1% or gosh I'll be generous even 5% in efficiency (in terms of waste heat generated). In most systems like a computer heat isn't wanted, so it's thought of a waste product, and in the summer it is, but in the winter it's great. I didn't turn on my furnace once last year, and doubtful I will this year either.
    17 replies | 436 view(s)
  • RonPaulIsGreat's Avatar
    11-04-2017, 08:16 PM
    Dude, are you retarded, I actually described why perpetual motion machines don't work, which is because you always get less useful energy out of any system than you put in, the rest is converted to heat. You can't convert the heat back to electricity in a 1:1 manner, there is no way to capture it that efficiently, some will always dissipate into the surrounding environment. The universe itself though, does not lose energy, it converts it. Here educate yourself. LAWS OF THERMODYNAMICS http://www2.estrellamountain.edu/faculty/farabee/biobk/BioBookEner1.html
    17 replies | 436 view(s)
  • RonPaulIsGreat's Avatar
    11-04-2017, 08:01 PM
    Actually in the end it does all get converted to heat.. All energy has to be converted to another form, you can't consume something, and it disappear. Computing is simply routing electricity about, in a a controlled manner, and creating voltage differences, representing 0 or 1 on a massive scale. Even the miniscule amount of energy required to flip a 0 to a 1 on your hard drive will eventually dissipate as heat, as the magnetic field degrades, it effects the material, causing slight warpage, and tension which will result in heat. Or that led light on your computer will emit photons that eventually interact with a surface, and that causes a miniscule amount of heat. OR the radio wave emmisions eventually interact with the environment and cause heat. Yes, everything eventually turns to heat in a computer. A small amount of that energy may not be transformed in the local system. Even some of the energy is lost in the house wiring from resistance. Unless you store, that energy in another form, it is converted to heat. Otherwise you'd be breaking the laws of physics, and dumping energy consumed into the null. And yes some of the energy is used to flip states on the hard drive, or inside the computer, but even that energy potential eventually dissipates to heat, and even the energy stored in the battery on the motherboard will eventually dissipate as heat or another chemical reaction. So, for all practical purposes ignoring trivial amounts of power emitted in radio frequencies, temporary magnetic fields, and light, it does get converted to heat. This wouldn't be shocking to you if you put your hand in front of one of my mining rigs, lots of hot air blowing. constantly. And yep one of my rigs is equivalent to a 1KW space heater effectively.
    17 replies | 436 view(s)
  • RonPaulIsGreat's Avatar
    11-03-2017, 12:02 PM
    Yeah, kinda disappointing, hopeful it picks up soon.
    205 replies | 6390 view(s)
  • RonPaulIsGreat's Avatar
    11-03-2017, 01:05 AM
    I took care of it, I made facebook posts for all major cities that there will be a cosplay party featuring my little pony, and anime creatures and free punch and pie. No way they can resist.
    68 replies | 1077 view(s)
  • RonPaulIsGreat's Avatar
    11-01-2017, 06:02 PM
    I actually pay my capital gains tax on bitcoin, I'm not hiding. One could if so inclined, jump some hoops and remain anon. But I just don't want to deal with it. 15% capital gains, hurt writing tax checks worth more than I spend on myself for a full year. But I can prove to any goobermint agent paid my slave tax to support welfare mommas and military men.
    205 replies | 6390 view(s)
  • RonPaulIsGreat's Avatar
    11-01-2017, 05:51 PM
    I sold some like a dumbass earlier this year, if I held would be worth like $100K+ more than I am now. Sold on coinbase, transferred to my bank. No one has said a word bank or "gdax" (coinbases exchange side). I still have bitcoins, I didn't sell it all. It seems some banks have a problem with it, others don't. My bank is small, and if they have a problem with it, I'll just move to a different bank the next day. It's legal to buy and sell bitcoins. I don't do drugs, or hire hitmen. I'm a model citizen as far as law abiding goes, despite my views that government is 95% not needed. Having said all that, I sold enough to cover all my "real" world fiat costs associated with bitcoin and cryptocurrency in general since 2013 when I started. Only in bitcoin land does one feel ashamed selling for multiple 100's of percent gains. lol.
    205 replies | 6390 view(s)
  • RonPaulIsGreat's Avatar
    10-29-2017, 03:02 AM
    So, women feed on male misery. Patriarchy!!!!!!
    56 replies | 939 view(s)
  • RonPaulIsGreat's Avatar
    10-24-2017, 11:29 PM
    oh fun, I get to play king!!!!!!!!!! my favorite game. So assuming can't just abolish the US entirely, which would be my preference. So, I'll pretend I'm ruling the US as is with the intention of keeping it intact. Welll...... let's see. 1. Property tax, but each person or eligible dependent is allocated 25,000 property appraisal exemption which can only be applied to one residence, which must be registered as primary residence. So, if your house is valued at 150,000, and you are married, and have 2 kids... Congrats you can while in that situation deduct 100,000 off the appraised value, and only be "taxed" the portion not covered. At 70+ years of age, no property tax shall be charged on any current active primary residence one has lived in for at least 3 years. Also this deduction would not allow any portion of the household rented be eligible for the exemption, and the 25,000 dollar would be adjusted to approximate the area utilized by dependents/spouse only. Adult children over the age of 25 will not be allowed to be claimed even if dependent unless permanent guardianship has been granted to the owner(s) of the property. All property tax dollars are to be pooled and distributed according to population density of the governed area, and consideration will be given to provide for extra funding to facilitate transport services in rural school districts. Under no circumstance can the 25,000/ person property tax allowance/exemption result in in a negative property tax situation, as in 0 is the lower bound for taxable property tax, if one had 4 children and a spouse living in a 100,000 dollar house that would result in a -50000 property tax assessment obligation, but no refund or credit would be generated. 2. Sales Tax(vast bulk of taxes would be collected this way). Essential basic food items would not be taxed at any level. The goobermint will send annually (or refill current card) to all citizens a sales tax exemption card to be scanned at POS valued at 4000.00. In the case of a married couple or if one has dependents the value would be merged to a single card upon request(married sharing tax exemption) As in 4000.00 dollars worth of taxable purchases can be excluded from taxation / annum, not 4000.00 dollars worth of taxes. And this "exemption" Can not be applied to Gas Tax, gambling tax, etc... only to items not subject to other tax schemes. One will simply scan the exemption card before swiping your debit card or paying with your favorite cryptocurrency. 3. Gas Tax... Essentially a different sales tax calculated based on cost of road maintenance and construction, or tax based on mileage/vehicle type as would be necessary if electric cars take over.
    53 replies | 1288 view(s)
  • RonPaulIsGreat's Avatar
    10-23-2017, 12:51 PM
    Only thing dumber than anarchists are people that believe they'll reduce the scope and size of government by voting... Hrmmmm, like 50% of the citizens in the US either work for government or receive welfare from the government or the company they work for has contracts with the goobermint. Please explain how again one will convince people that have no problem receiving stolen money right now, to go out and vote themselves a pay cut. We aren't talking about people with ambition or drive here, we are talking about people that live off goobermint. Please explain... Fact is, IMO, this "Voting" game ended when the instituted social security there was no way back after that, well, not until the system collapses anyway, which has nothing to do with voting. Once the welfare state is embedded, voting for smaller goobermint became equated with starving granny. End of opportunity for small government.
    732 replies | 12022 view(s)
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