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Comment: Re:You laugh, and we profit. (Score 1) 247

by Domini Canes (#37906366) Attached to: New Mac OS Trojan Produces BitCoins

Sigh.... there is no -1/Wrong moderation....

Dude, you have serious reading comprehension problems.
The original parent wrote (reemphasizing different word in quote):

some of us are pulling in 20-30% profits per day *TRADING* these "silly" Bitcoins

He was talking about trading bitcoints, not mining for them. Trading is not energy-intensive process (mining is).
And in trading, you can have profits during the crash as well as during the rise.

That said however, doubt the OP is profiting that much each day - average profit margin i probably less (and speculating on the wrong side can make nasty cuts in this volatile market)

Comment: Re:will he go to jail? (Score 1) 280

by Domini Canes (#35589350) Attached to: Google Engineer Releases Open Source Bitcoin Client

Criminal laws do no not require an injured party to claim damages. You are confusing them with civil laws and contracts.

True. However if the law is unjust - punishes people who did not do any reasonable harm - it is a moral imperative to struggle against such law.

But you are a "libertarian": a corporate anarchist. You don't understand government; you want to eliminate it and take your chances with corporate powers. But we have a government, because we've seen how those autocratic orgs abuse the rights and property of the people.

Baseless ad-hominem attack; also prescribing qualities and wantings for the person from thin air - he has not said anything about eliminating government in his post.

You also don't understand the most basic economics: the ounce of silver in those "dollars" was worth $10-19, averaging about $14, through 1999, but was sold for $20 (legitimate dollars). If the fake dollar's silver were worth "quite a bit more than the face value of US coin", this crook would have been losing money on every sale. Which qualifies him to be a "libertarian".

It's you who does not understand the (economics of the) situation. Those (liberty) dollars were not stamped with face value of 20 Dollar, they were stamped with face value of 1 Dollar (if I am not mistaken here; if I am - see the end of the argument) - and your argument above unravels because of this simple fact.

Think about it. The basic premise of grand-grand-parent (metlin) was that the man tried to deceive the users by making his liberty dollars (LD henceforth) very similar by design to the fed dollars (USD henceforth). So the supposed issue here is that somebody will be confused and accept LD instead of USD.
There are two cases:
EITHER the confusion/deception occurs during the original maker X-->initial buyer Y transaction.
OR the confusion/deception occurs during the intermediate holder Y -->another person Z transaction.
In the first case there can be no confusion: Y pays X a sum of 20USD (form you post - I am not sure for what price LDs were sold) and receives a coin of 1LD. He can not be confused to believe 1USD == 1LD because he would then demand 20LDs for his 20USD.
In the second case confusion may occur - the receiver Z may confuse 1LD for 1USD, but in this case Z obtains 1LD coin, silver content of which is valued "10-19 USD, averaging about 14 USD" (according to your post) instead of 1USD.

The fact that 1LD was sold above the spot silver price is normal. Coins always command some seigniorage (http://en.wikipedia.org/wiki/Seigniorage) above spot bullion prices - to cover expenses of the minter.

PS In the unlikely case that LDs were stamped with the face value of 20 Dollar, there again can be no deception. AFAIK there are no official, government issued coins of 20USD denomination .

Comment: Re:A real shame (Score 2) 394

by Domini Canes (#35514300) Attached to: US Reneges On SWIFT Agreement

what guys like Lenin did, from the barbaric stuff that people like Stalin did.

That made me laugh. Care to enlighten us what barbaric stuff Stalin did, what Lenin did not
(or to put more correctly: what barbaric stuff was being done in Stalin times and in Lenin times).

a quick note, to take some options from the table: concentration camps existed in both Stalin and Lenin times, and are even older. I don't know who invented this concept, but if I am not mistaken, they were already known as concept and operational in Anglo-Boer War times (~1900ies)


Porsche Unveils 911 Hybrid With Flywheel Booster 197

Posted by timothy
from the yeah-well-I-get-better-mileage dept.

Comment: Re:Update (Score 1) 456

by Domini Canes (#29379723) Attached to: China Considering Cuts In Rare-Earth Metal Exports

Ah, you think in the right direction here my friend, however there is one more step you are missing.
Actually those 300m people could get to US (provided that there is enough water along the route) if they resort to cannibalism.
In such setup quite a few people would get through, eating their fellow-travelers.

It's a little bit like a rocket equation - rocket goes up, carrying rocket fuel and spending that rocket fuel along the way.
You just need to plug the right constants into equation.

I would SWAG that some 50m (1 out of 6) would get through to USA.
