What is money anyways?

March 23rd, 2016 at 1:40:29 PM permalink
Nareed
Member since: Oct 24, 2012
Threads: 332
Posts: 11753
So I won't forget, here's the answer:




1) The colony of East Jersey

2) Perth Amboy

3) (Bonus question) Look at the spoiler tag

If Trump where half as smart as he thinks he is, he'd be twice as smart as he really is.
March 23rd, 2016 at 2:50:01 PM permalink
Ayecarumba
Member since: Oct 24, 2012
Threads: 85
Posts: 1422
Quote: Pacomartin
I gave the years on admission, and these states were much later

November 2, 1889 Dakota Territory admitted as two states
North Dakota
South Dakota

Idaho Territory admitted as one state, Idaho on July 3, 1890

Everyone got West Virginia correct, so that is one of the four.


I guessed without reading the follow up posts.
March 24th, 2016 at 12:59:42 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 753
Posts: 8890
https://en.wikipedia.org/wiki/East_Florida

East Florida
Territory of Great Britain (176383), Spain (17831821), United States (18211822)
Capital St. Augustine
History
Treaty of Paris 10 February 1763
Treaty of Paris 1783
Adams-Onís Treaty 1821
Merged into Florida Territory 1822

March 24th, 2016 at 7:02:05 AM permalink
Nareed
Member since: Oct 24, 2012
Threads: 332
Posts: 11753
Quote: Pacomartin
https://en.wikipedia.org/wiki/East_Florida

East Florida


I'd no idea.

But it's still not what I meant. So let's call it you're right, but there is another state/territory/colony which fits the description.
If Trump where half as smart as he thinks he is, he'd be twice as smart as he really is.
February 17th, 2017 at 6:13:01 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 753
Posts: 8890
Quote: Wizard
I'm personally thinking of getting into bitcoin but what bothers me is that the whole thing seems to have no foundation to it.


When you posted this comment, bitcoin was in the low $400's and is now over $1000. Let's hope you got in at the time.

OpenBazaar Launched - April 4, 2016
Bitcoin value: $420.61
The initial production version of the first decentralized marketplace software, OpenBazaar, was released to the general public. The goal of the project was to facilitate peer-to-peer trade without a middleman, fees, or restrictions on trade. The software allows users to create virtual stores where buyers can purchase goods using Bitcoin. The OpenBazaar project would later announce it received $1 million in funding from venture capital firms Union Square Ventures, Andreessen-Horowitz, and angel investor William Mougayar .
Sources:
https://blog.openbazaar.org/openbazaar-is-open-for-business/
http://www.businessinsider.com/openbazaar-gets-1-million-seed-round-from-andreessen-horowitz-union-square-ventures-2015-6

Bitcoin Roundtable Consensus - February 21, 2016
Bitcoin value: $439.84
Influential members of the Bitcoin community met in Hong Kong to discuss a development plan and timeline for scaling Bitcoin. The closed-door meeting included over 30 miners, service providers, and Bitcoin Core developers and was meant to address solutions to the block size debate.
The meeting concluded with a public statement proposing the group's support for the new Segregated Witness functionality, and making a hard fork in the Bitcoin protocol available that would increase the block size limit between 2MB and 4MB by July 2016. Others in the Bitcoin community denounced the meeting as being inconsequential as the parties involved represented a small handful of Bitcoin companies and special interest groups.
February 17th, 2017 at 11:31:11 AM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 50
Posts: 5141
It still may appear to have no foundation or it may appear to have cracks in the foundation (political schisms in fundamental definiitions) but if people accept it and governments accept it and its gone from 400 to well over a grand... why worry about foundation. There was lots of foundation for foreign currencies and look what happened there!
Not much foundation to a unicycle either but if once aboard you keep going... you will be okay.
February 23rd, 2017 at 11:56:02 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 753
Posts: 8890
Post dated March 21st, 2016 at 9:33:56 AM
Quote: Wizard
Ultimately, anything is only worth something because we have faith that others subscribe to it having value. What perplexes me a little is something like Bitcoin. Here is something that appeared out of nowhere, doesn't really exist in any physical sense, and yet it gained traction and the market cap of bitcoins is in the high millions. I'm personally thinking of getting into bitcoin but what bothers me is that the whole thing seems to have no foundation to it.


Gold price $1,249.70 per ounce
Bitcoin price $1,159 for nothing

I would be so happy for you Wizard if you went into bitcoin last March.
February 23rd, 2017 at 12:00:32 PM permalink
stinkingliberal
Member since: Nov 9, 2016
Threads: 17
Posts: 731
Ultimately, Bitcoins will be very much like Dutch tulips in the early 1600s.
February 23rd, 2017 at 12:01:12 PM permalink
Nareed
Member since: Oct 24, 2012
Threads: 332
Posts: 11753
Is it still possible to mine a bitcoin with a home PC?
If Trump where half as smart as he thinks he is, he'd be twice as smart as he really is.
February 26th, 2017 at 4:01:29 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 753
Posts: 8890
Quote: Nareed
Is it still possible to mine a bitcoin with a home PC?


Not only mining on non-specialized hardware is ridiculously slow, but it is not even profitable. Mining bitcoin is now a business, in the hands of professional miners that have invested significant money in infrastructure.

Here is a good story about generating 3 bitcoins back in 2013
https://arstechnica.com/gadgets/2013/06/how-a-total-n00b-mined-700-in-bitcoins/