Bitcoin Forum
May 29, 2024, 02:14:23 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 [60] 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 ... 248 »
1181  Economy / Economics / Re: Economic Devastation on: April 05, 2014, 05:09:29 AM
I have refined my theory. Here is discussion:

https://bitcointalk.org/index.php?topic=557732.0


blablahblah, 3D printers can print themselves. Grow up man. You can't even understand the point, that chemicals don't allow you produce creations. The computer and the 3D printer change the landscape of what individuals can produce. Don't come in my thread. I will not allow you to post there. You are permanently banned from my life. Talk about garbage out. Everything you say is complete garbage. And that attack is intentional. Because it is true. I don't have time to respond to all your garbage drivel.
1182  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 05:04:30 AM
Unless we make everything out of graphene I don't see that happening. You will still need to get the "ink"

Relative value of knowledge compared to the cost of ink will trend asymptotically towards infinity. Or stated the other way, the cost of ink relative to what you earn from knowledge, will trend asymptotically towards ZERO.

Click the link in the post below and look at the chart.

Quote
Quote
>So @esr, how do you align the long tail of maintenance into the sunk v marginal cost framework?

Er, simply by observing that it is neither of those things and can’t be jammed into that framework.

He makes it clear that he didn't even consider that the lower transactional propagation cost of digital distribution of editable creations increases the frequency, granularity, and autonomy of those maintenance edits. He apparently doesn't remember that Metcalfe's or Reed's Law says that as the number of those editing nodes increases, then the value of the knowledge network increases squared.

See the interconnections are what causes the knowledge value to scale non-linearly at n^2.

You will miss out on that because you want to be isolated.

You don't have math on your side.
1183  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 05:01:44 AM
thaaanos I don't think you want to join us. Take care my friend. I bet you will change your mind later.

I don't have time to argue about the intricacies of how debt causes failure. I am sure you will find it was debt that caused Greece's failure. From your name, I assume you are from that area of the world?

Good luck and no bad feelings okay. We can agree to disagree.
1184  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 04:58:47 AM
Quote
Decentralized political economy --- Is this like feudalism?
more like prior to feudalism
Quote
Individualized artisan production --  Pre Industrial production?
post industrial

Whats prior to feudalism?  Empires or tribalism?  How would you unravel our modern systems to obtain this state?

No we are not going backwards. Material costs will trend towards zero relative to knowledge value, because knowledge will propagate in diverse fine-grained interactions of creations. Thus we don't need to go backwards. This is a totally new way to organize ourselves distributed without top-down control, because the economics of production have suddenly been ameliorated by the computer and 3D printing.
1185  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 04:49:38 AM

Go ahead. You will be very impoverished compared to those who leverage the specialization and cooperation.

You will produce everything yourself from raw resources, dig up your own ore, build your own smelters, etc. And forget 3D printing, because you want to be disconnected from knowledge.

You want to go back to a caveman? That is what you are saying. I hope you realize.
More like smaller societies physically disconnected, not each on his own. Culture/Art you know is an oppressive beast and a topic untouched yet. Knowledge isn't everything.

I am talking everyone can connect to everyone without a bastard freeloading middle man (who captures the State to help him maintain in his monopoly).

We have to get rid of centralized exchange. We move to P2P, etc..

Each person's work is their own. No one takes a transaction fee or cut of the action!

Rome's collapse was political, cultural and scientific stagnation after the initial breakthroughs that made them an empire.
Greece collapse was as ever the internal strife, we worship Eris.

Your talking effects. I was talking cause. The cause was as always centralization of power, and too much debt. The ill effects of debt is knowledge stagnates and everyone does dumb xerox copy shit. And this monotonicity causes the appearance of resource scarcity.

If everyone is figuring out how to consume and no one is figuring out how to innovate, then it isn't surprising that consumption outstrips efficiencies of resource extraction.

Fact is that the 2000 year price of commodities has always trended downwards. This will not stop.

Iron used to be a precious metal.
1186  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 04:37:33 AM
Guys love to create stuff. Guys are going to love the new economy. And women are going to love you.
1187  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 04:32:59 AM
Concrete example of the Knowledge Economy.

You produce a 3D printing design for a car. I buy it using anonymous coin, print it and drive it around. I improve it and publish my improvement.

Did you see the fixed a guy's face with 3D printing?

You see the knowledge will take over. The knowledge will improve everything so fast at 1000s of iterations of new designs per day or week.

We will be living Jetsons life within 10 to 20 years.

There is absolutely no problem once we kick the bastards off our virtual lawn using anonymity so they can't extort from us any more using the government force.

They can't afford to put a thug policeman inside of every home on earth.
1188  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 04:25:36 AM
Careful. I agree but not sure if you were leaning Marxist. It won't be done for free. The Marxist slant is very wrong. Eric Raymond explained that very well and I didn't disagree.

I recognize the validity of some marxian analysis but I'm more of a radical individualist and opportunist than anything ideological, though.

Quite disillusioned, don't believe in much but myself anymore.  

I think I will be able to do more by coding than talking. I think it is difficult for you all to visualize what I am talking about, until you actually interact with it in reality.
1189  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 04:17:43 AM
Quote
Computer changed that for software. The home 3D printer changes it for everything else.

Added that to prior post. Key point.
1190  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 04:15:18 AM
Quote
What is the optimum system?
*Decentralized political economy and mix of individualized artisan quality production and automation to replace consumerism and authoritarian top down control of collectivized production.

Nah... the optimum system is *disconnection* isolation, not integration

Go ahead. You will be very impoverished compared to those who leverage the specialization and cooperation.

You will produce everything yourself from raw resources, dig up your own ore, build your own smelters, etc. And forget 3D printing, because you want to be disconnected from knowledge.

You want to go back to a caveman? That is what you are saying. I hope you realize.


MahaRamana please re-read the end of my reply. I added examples about Rome and Greece. History is your guide that debt is the cause.
Those examples are totally unbased

I have canonical citations on those but hard to dig them up. I don't feel like being bothered at the moment.

It is a fact that Rome collapsed due to environmental degradation due to debt caused overintensive farming which lead to the inability to produce enough to sustain. But Rome's collapse had many facets, yet this was one of the fundamental factors. I had also a citation about pottery records showing farming was still increasing right up until the collapse. Also have much documentation about the environmental degradation and as always this caused the marginal utility of debt to go negative because the marginal increase in production from farms went negative.

Don't forget that Rome was entirely agriculture based. That was the reason the empire existed to build roads and military security to increase commerce from agriculture.

Do you have any reason to believe this is wrong?
1191  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 04:01:29 AM
Wrong! The commons means knowledge takes control. For example, physics assures us that energy is neither created nor destroyed, so it is only the lack of knowledge production that makes energy finite or scarce. And I am not referring to perpetual motion machines, rather to more efficiency and automation of extraction of energy through greater innovation due to faster propagation of knowledge.

[snip] The technical term "the commons" denotes a social organization that consisted of individualized production and no political system to coerce cooperative behavior. The concept of social control via political economy didn't exist yet. When it emerged the commons were enclosed and converted into private property and the population was reduced to bondage. [snip]

If a similar organization can be restored for mass society via adroit use of technical means to defeat those who would protect rent seeking and usury with coercive force I'm all for it.

[snip]

However there is probably a way to balance the conflict between the individual and the collective and maximize what we experience as "free will" and this way is through greater understanding of the world around us and how it functions according to materialistic definitions. I think perhaps that this is what we are both after?

You need to quote the rest of the key point:

I am quite flabbergast that Eric S. Raymond (self-professed to have 150 - 170IQ, the creator of the "open source" movement) could get the logic so wrong on the coming Knowledge Age.

In his critique of Jeremy Rifkin's book, The Zero Marginal Cost Society, he misses the key generative model of open source, which is that the source is always changing. The enslavement of knowledge by capital is due to the transactional cost of the propagation of creations. As we lower that friction, knowledge takes over.

And he apparently fails to comprehend capital can't buy knowledge because thought isn't fungible, and this becomes more evident as the diversity of innovation becomes more fine-grained.

The claim that the material input costs will be significant relative to the marginal cost of distributing more copies of intellectual property is wrong because the only costs in material production that can't be reduced asymptotically to 0 at economy-of-scale and automation are the knowledge inputs. Thus knowledge is infinitely more valuable than material production at the asymptote. The only reason that capital has been able to enslave the knowledge portion of the cost in the material cost is due to inability of fine-grain, autonomous knowledge to control the creative outputs of material production. The 3D printer changes this because the printer will be in every person's home. The commodity value relative to knowledge value of raw material inputs will fall asymptotically to 0

[snip]


The point is that due to networks effects on knowledge propagation, material costs will decline towards 0 relative to the value society will assign to the knowledge.

Knowledge was only enslaved because knowledge did not have the control over creation. Industrialization had control over the knowledge.

Computer changed that for software. The home 3D printer changes it for everything else.

This polarity is reversing (inverting) as we speak.

You will a massive change to the world.

This is why most of you don't understand that structure you think is relevant is no longer relevant.

Quote
What is the optimum system?

*Decentralized political economy and mix of individualized artisan quality production and automation to replace consumerism and authoritarian top down control of collectivized production.

Careful. I agree but not sure if you were leaning Marxist. It won't be done for free. The Marxist slant is very wrong. Eric Raymond explained that very well and I didn't disagree.
1192  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 03:50:39 AM
Don't you think global transparency in financial systems (thanks to a traceable public ledger) might be a good thing ? (To help fight corruption, for instance)

The corrupt own the regulators. So they escape and yet the public ledger can be used to take everything from us. This is an asymmetric advantage for corruption. They trick us into believing it is for our own good. They are so clever at fooling us.
1193  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 03:44:31 AM
MahaRamana please re-read the end of my reply. I added examples about Rome and Greece. History is your guide that debt is the cause.
1194  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 03:23:19 AM
Without anonymity we are toast.

I don't think the elites will allow the propagation and popularisation of a crypto that ruins their plans. There are many things they can do, the first of which is to allow bitcoin to take the lead.

If they are going to tax + confiscate, they will drive wealth away from non-anonymous Bitcoin directly to the anonymous coin.

Eventually they checkmate themselves. I think this is it. They are going to lose.

They can try to stop the protocol, but we can cloak it. Don't underestimate us hackers. We have math on our side, and we are very good at math.

Some details will be forthcoming.

You once used the analogy of the shift from MySpace to Facebook to justify the fact that we could shift to another crypto, but Facebook has accepted allegiance to the elites and the elites have accepted Facebook in their planning. This is very clear by the way it is shutting off all pages that the mainstream don't like or that are too critical to the elites.

They will drive people away from Facebook to our anonymous Amigobase.com (I own that domain, nothing there just a future project maybe) once they start abusing Facebook identities. I also own coolpage.com

Their model is peaking and being exposed. Our time is coming into view now. I can see it clearly.

The difference in our case is that the elites will not accept a currency that frees the people and thus the shift will never happen.
If they allow bitcoin, it means that either 1. bitcoin is a creation of their master(s) and its purpose is further enslavement or 2. they found ways to use it to their own advantage.

In any case the people are enslaved by the power grabbers and I think it is only wishful thinking to believe we can change this by launching some specific new crypto.

Maybe so, but defeatism is not my cup of tea. Like I said, let all the feeble people stay in Bitcoin and Bitpay. Let's see if Peter Thiel can win with that base of non-doers.

I like the odds of the coin that has all the super smart and motivated doers working on it constantly night and day. Not this gridlock Bitcoin.

Because the governments have no choice but to increase revenues as we collapse into a global debt default. And the more they tax + confiscate wealth, the more the GDP will collapse. Thus the more they will need to take from wealth. It is a downward spiral. Very scary.

We have been hitting the peak of numerous natural resources while demographics are strongly up worldwide and consumption of land, water, rare minerals, energy resources etc... is completely unsustainable. The fact is that GDP must collapse. The elites only want to make sure that they have or create as much power as possible through and after the GDP collapse and are planning accordingly. It is unavoidable. Bitcoin either was part of or is being integrated in the planning of the elites.

Actually, the elites do have the choice in front of defaults : inflation. But they probably prefer to do some rounds of confiscation first to lower the power of the wealthy outside of their ranks.

Agreed all you wrote except I don't agree there is a peak in sustainability. The problem is knowledge was impeded by the corrupt system, thus we stopped increasing production of what we needed and produced Wallmart consumerism instead. It is actually the debt that causes the misallocation of resources. The same happened to the fall of Rome. The debt caused overintensive farming, then they polluted their irrigation. Same in Greece, overproduction of goats due to debt, then they had desertification.

mgburks77 quoted me on this:

Wrong! The commons means knowledge takes control. For example, physics assures us that energy is neither created nor destroyed, so it is only the lack of knowledge production that makes energy finite or scarce. And I am not referring to perpetual motion machines, rather to more efficiency and automation of extraction of energy through greater innovation due to faster propagation of knowledge.

Malthusians have always ended up fools. They have never been correct. Don't fall into that propaganda malaise. It is unhealthy for your brain. I care about you. Please try to snap out it.

I don't say this as a personal attack at all. I know that people who care about the environment really think there is sustainability problem. And I know they think that those who don't are evil. But I guarantee you, there is no sustainability problem. It is all lies. I can surely convince you if I have enough time, but I don't. So let's not fight about this please. No bad feelings. I care about the environment, but I am not worried.
1195  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 02:48:32 AM
AnonyMint, thanks for this very interesting thread. I'm not sure I agree with everything you write, but you do make very valid points.

I don't expect readers to agree with my perspective, because by definition the bulk of society is not freaking out (yet). Because the powers-that-be have been very successful in hiding the truth. If I can merely touch your consciousness, you will be more prepared than if I had not gotten your attention. I can't expect you to completely shift your perspective. It took me years. As you dig more (if you do), you will very likely find your eyes peel back.

Again I urge readers to listen to the Catherine Austin Fitts and Bill Moyer's interviews. Perhaps start with the Bill Moyer one since it is easier to listen to and more immediately convincing. The Fitts interview is more damning (especially the latter 2/3).

Feel free to express disagreement. Please try to expend some effort to dig and actually evaluate (for your own benefit of course).

Without anonymity we are toast.

Why is anonymity so important for mankind ?
Don't you think global transparency in financial systems might be a good thing ? (To help fight corruption, for instance)

This is the most difficult thing for people to understand because we are so accustomed to the normalcy of society. We just can't conceive of the notion that the regulators are captured by those being regulated. And that voting can't change it. The Bill Moyers video explains this very professionally. I highly recommend it.

Global transparency is the way you promote the Deep State corruption to globalized power. That will be an even worse outcome. Because again, the regulators and the regulated are two heads of the same monster.

Anonymity is the only way the individual can opt-out of that unfixable (evil) symbioses that is going to torch the earth after 2016.

Note gold is anonymous except it reduces trade because it can't be moved or divided into smaller pieces and them recombined easily. Requires smelter, assay, etc. thus it isn't really autonomous (that isn't a misspelling, autonomy isn't not same concept as anonymity). And transport is risky.

By opting-out of the taxation, confiscation, and corrupt regulation, we can prevent the evil symbioses from destroying all capital and locking down humanity in evil symbiosis.

It is a release valve that will abate the symbioses and end it. Because prosperity will gravitate to what can't be destroyed, where everything else is being destroyed symbiotically.

You really have to understand the keyword: symbiotic. The Bill Moyer's video explains it well.

To understand the symbioses more algorithmically, please read this summary I wrote yesterday:

https://bitcointalk.org/index.php?topic=400235.msg6060440#msg6060440

I think that was fairly well written. One of my better posts. Please click to read it.

I do believe that after a great crisis and suffering, the youth of the world will restore normalcy and then we can regulate again. But this will eventually fail again. Any way, the interim transition is going to get very nasty and we need anonymity to abate an overshoot into the abyss of totalitarianism. Because even if the people tried to organize now, they don't understand and can be easily fooled. The only interim solution is to opt-out.

This is more than "a little bit dangerous". (sorry needed some music, the topic is getting too intense)
1196  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 01:35:34 AM
So if we buy into your log-logistic adoption rate and admit that growth is slowing, how would any impending economic instability play into the equation?

Without anonymity we are toast.

Is Bitcoin anonymous?

Will the Bitcoin block chain even have a liquid anonymous market any more by 2016 when it matters to us? Or will everything be registered in Coinbase, Bitpay, Paypal, etc...

Because the governments have no choice but to increase revenues as we collapse into a global debt default. And the more they tax + confiscate wealth, the more the GDP will collapse. Thus the more they will need to take from wealth. It is a downward spiral. Very scary.

According to Martin Armstrong's very high placed sources, the Fed has already told the banks not to expect a bailout next big crash (which should be 2016). They are going to let this sucker downward spiral but with capital controls so that government can pay the debt and obligations while private pensions and banks implode taking all the wealth down with them. The USA is temporarily bouncing up and stock market might even double before Sept 2015. But this is just capital fleeing the emerging markets and rushing back to the reserve currency for one last hooray before the whole mess collapses.

Gold hoarding causes a collapse in the velocity of money V in the equation M x V = GDP, thus GDP collapses. It is Mad Max directed outcome because the world is $223 trillion in debt + $1000 trillion in derivative swaps to hold up pension plans & finance + $1000 trillion in unfunded promises to society (welfare, pensions, etc).

P.S. $4 trillion of it has been unaccounted for in the USA Federal budget and is called the "black budget". Imagine what the "Fourth Branch" of government can do with $4 trillion.

Catherine Austin Fitts' point that government intentionally designs in
failure when it is in its best interest but can act very swiftly when that
is in its best interest (i.e. the best interests of the elite "Fourth
Branch of Government" who capture the government). She talks about the $4
trillion black budget. I highly recommend listening to the audio interview. She
is very articulate and gets directly to the point. She was former Assistant
Security of HUD in the USA government. She was also a major player on
Wallstreet. So she has insider connections. Janet Napolitano once told her
to prepare for mass voilence and upheavel in the USA after 2016.

http://www.dailypaul.com/314402/complete-breakdown-of-financial-controls-in-us-government-says-austin-fitts

Janet Napolitano was the former head of the Homelust (hands down your child's pants) ScrewUrity department.

The well known mainstream Bill Moyers did a documentary on the Fourth Branch of the USA government:

http://billmoyers.com/episode/the-deep-state-hiding-in-plain-sight/

If you listen to both Bill Moyer's video and Fitt's audio interview, you will drastically increase your understanding.

More here:

https://bitcointalk.org/index.php?topic=455141.msg5704180#msg5704180
1197  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 01:13:54 AM
mgburks77 and I entirely agree, except for the last part about human liberation not being possible. It always comes back to making technology more individualized. See this please:

https://bitcointalk.org/index.php?topic=495527.msg6065144#msg6065144

I am so excited!
1198  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 01:03:03 AM
I forgot to put in the OP that if the log-logistic adoption curve fit I did is correct, it predicts BTC price to rise 10X every 16 to 20 months, just not the 12X per year appreciation "to the moon". And predicts that rate to slow again after another 2 years. Thus I don't expect BTC > $10,000 before 2016. And I never see BTC ≥ $100,000 (low probability of occurrence) because growth rate will be roughly 1/16 of current after $10,000, certainly $1 million is fantastical delusion.
1199  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 12:53:55 AM
Humor timeout...

Notice the deer are allowed passage (see sign in distance) Wink

With anonymity, let's be the freerange, agile deer. TPTB can spend forever regulating (pointing at) shadows.

> Yep = TECHNOCRACY
> Good one, AnonyMint!  LOL
>
>
>> Date: Fri, 4 Apr 2014 01:01:33 -0400
>> Subject: humorous photo showing government banning everything/freedom
>> From: AnonyMint
>> To: xxxxxxx
>>
>> Do not proceed:
>>
>> Attachment: noway.jpg
>>
1200  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 05, 2014, 12:18:01 AM
Btw, I don't expect the "yes" vote to be higher than the "BTC" vote.

One goal I have is to put it on record how dumb (myopic/mass mania/groupthink/vested interest/incapable) the "BTC" majority is. So later when my warnings come true, I can say "I told ya so".

My other goal is to tell the "yes" voters, they will soon have better alternative(s). Keep the faith.

You will also find that many "BTC" votes will be just irrational hate towards me personally. It is good to feed their hate and let them vent it. You will note they can't make one rational argument in this thread. Even I have promised not to delete any arguments I disagree with. You see they are really feeble and helpless (and shameless).

My message to Peter Thiel is, "you think you can win with the feeble on your side?".

P.S. I feel justified calling out Thiel and (my friend) Risto, because they both put themselves in the position of being leaders of the "BTC". W.r.t. to Risto, I am merely trying to encourage him to use his resources wisely.
Pages: « 1 ... 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 [60] 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 ... 248 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!