Recent content by PaulStandsTall

This post is mostly incorrect. That last part about banks in particular. There already is a bitcoin 'bank': Coinbase. They run a few full nodes-that's all. I'm sure their HVAC bill for their building costs more than their bitcoin related electricity costs. As a 3rd party off-chain business they...

In a world where people are able to interact voluntarily with another without a political class butting in and taxing our productivity for their own coffers to finance wars, domestic espionage, secret courts, and bridges to nowhere,jobs should pay whatever is agreed upon by the people involved...

CampBX (4th biggest USD/BTC exchange) lets you short sell and buy on margin if you want, for a fee.

It is only a mistake if the price were to stay where it's at now, around $200. Mark Zuckerburg would only have to spend 7% of his net worth to buy all the bitcoins ever created. It just goes to show you how small the market is, and how large the upside can be if large investors start to see it...

Learned about Bitcoin here at RPF in 2011 when it was $7. Didn't buy any. Saw a TV episode (The Good Wife) about cryptocurrency in Jan 2012 when it was about $10. Didn't buy any. I am kicking myself for not getting any. Both for it's appreciation in value, and as a way to support fellow liberty...

I have worked for SLB and let me tell you, we charge the highest per fracked stage in the entire industry. If those numbers posted in the original article for pumping and materials are correct, think again. A stage averages (with all materials and labor included) upwards of 150,000. And there's...

http://www.telegraph.co.uk/news/religion/the-pope/10061700/Pope-Francis-urges-global-leaders-to-end-tyranny-of-money.html Rejecting the castle, and now this? Very interesting fellow. He sees the problems correctly. Namely: Gap between rich and poor growing Money (and those that control...

I was more clarifying the terms for sake of discussion. I agree with you that there is very little investing one can do in this political/financial climate seeing as some people are outright robbed of their funds ala MF Global. Return of the principal on a government bond is also never...

Yes, it is more accurately described as speculation. However as many speculators know, that's where the biggest gains exist. I don't think anyone here is actually selling their house to buy silver. Even if they are, it would more unorthodox than risky seeing as silver is below it's nominal high...

Craigslist.org For anyone that has concerns about fraud, now is a good chance to exercise your personal responsibility and learn how to tell fake from the real thing. Lest you desire a government agency to help you with it? ;)

24k Gold from gold chloride in solution is not "producing gold." Misleading headline is misleading. There is a process that changes the number of protons of an atom, and has produced gold before. Unfortunately it heavily relies on chance, billion dollar equipment, and lots of danger and time...

Yes, even when Dr. Paul questioned him specifically on the legal tender laws.... But maybe it gets a little hot under the collar when you're under oath in Congress, thinking becomes difficult.

He's got balls of steel to hand the Secret Service a fake ID. Anyway it's such a good plan because all the people that were alive when the $2 bill was printed are aware of the differences in the feel and texture of new money, and probably can't remember how the old $2 bills felt. When they...

Sigh. Can't we agree to disagree on the inflation/deflation debate? Silver and gold are money and always have been. If there is deflation you will lose nominal value, but will preserve/gain in purchasing power. If there is inflation you will gain nominal value, but will preserve/gain in...

Oh cool the government is going to audit the semi-government company. While we're at it, let's ask a corn company if eating corn is good for us! Surely we're to receive only the most balanced, un-biased reporting, yes?