Bitcoin Forum
May 25, 2024, 12:07:59 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 [8] 9 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 »
141  Other / Politics & Society / Re: Jon Stewart nails the corporate press on Ron Paul on: August 30, 2011, 08:52:40 AM
What's with the love for this guy? I thought he was supposed to be smart and honest?
http://www.youtube.com/watch?v=6JyvkjSKMLw

"No evidence in either direction"? Really? He's either dishonest or dumb.

You make a lot of great posts in this forum, but I'm not going discard all your valid points simply because you are wrong about one of them.  My default position is that I tend to think that evolution isn't as clear-cut as most people make it out to be, but I'm not going to try to defend this position as I have spent very little time researching it.  The main point is that I believe Ron Paul to be correct about the Wars, the economy, the Federal reserve, taxes, the Constitution, States' rights, abortion, the war on drugs, US foreign policy, the history of Iran, etc.  This single point where he is stuck on his religious ideology in regards to evolution is a very minor point and will have negligible effect on his policies and actions as president.  It amazes me that people would be willing to disregard all his other positions because of a personal belief on a fairly inconsequential issue. 
142  Economy / Economics / Re: Recession explained on: August 30, 2011, 07:35:07 AM

It seems to be what he's saying. "Austrian economics was fine for the past, but doesn't apply now".
What about Hayek vs Keynes videos, johnyj?
Have you seen these?
http://www.youtube.com/watch?v=d0nERTFo-Sk
http://www.youtube.com/watch?v=GTQnarzmTOc

What do you think about them? They're talking about the present.


Thanks for sharing the video, really fun to watch  Cheesy

Another one include Friedman
http://youtu.be/BwuJzo9eX9k

I read <<The General Theory of Employment, Interest and Money>> and agreed with "effective demand" concept, because my island model also reached such a conclusion without knowing his theory. It has nothing to do with politics etc...

Keynes wasn't the first one to use the concept of "effective demand".  That phrase dates back to Ricardo, and actually, even all the way back to Adam Smith.  However, Keynes took it and attempted to apply it to a precise mathematical function.  Let us examine his functions and see if it bears up under scrutiny.

From page 25 of The General Theory:

Let Z be the aggregate supply price of the output from employing N men, the relationship between Z and N being written Z = φ(N), which can be called the Aggregate Supply Function.  Similarly, let D be the proceeds which entrepreneurs expect to receive from the employment of N men, the relationship between D and N being D = f(N), which can be called the Aggregate Demand Function.

The definition of a function is that it is a specific and constant relationship between an input and an output.  Keynes' equations cannot fulfill this requirement and therefore shouldn't be written as functions.  There is no precise, mathematical relationship between the number of men employed and his costs or revenue.  It changes depending on individual workers' qualities, efficiency and available of equipment for the workers to use, etc.  They simply are not functions of each other in the mathematical definition of a function.

Also, why is the first equation the supply price of employing a given quantity of men, while the second one is the expected proceeds to be garnered from employing a specific quantity of men?  Z and N are real sums while D is the expectation of real sum further invalidating the formulation of these relationships through mathematical equations.

Now, you may argue that Keynes did not intend for his mathematical equations to be taken as literal mathematical equations, but they often are by mainstream economists.  Furthermore, formulating these relationships as mathematical functions lends itself to a lack of clarity and allows for false assumptions and inferences to made that can lead to gross errors further on in the economic thought process.
143  Economy / Economics / Re: Recession explained on: August 29, 2011, 02:49:39 AM

Read this book weeks ago, fun for the leisure reading, and suitable for a productivity at 100 years ago

I don't understand this sentence.  Are you saying it only applies to the situation 100 years ago?
144  Other / Politics & Society / Re: Guess who is within 1 point of Barack Obama in a matchup? on: August 27, 2011, 10:05:25 AM
Still I would never vote for the man, his policies would have us in a depression inside of a month

A depression is inevitable either way, with an establishment politician it won't come "inside of a month" but it will come never the less with even worse ferocity.

+1
145  Economy / Economics / Re: Recession explained on: August 27, 2011, 07:47:28 AM
If you're going to do the island economy, do it right.

http://www.takelifeback.com/hegawid/

http://freedom-school.com/money/how-an-economy-grows.pdf
146  Other / Politics & Society / Re: Oops haha! Special Forces caught in Libya! on: August 27, 2011, 07:22:37 AM
On the flip side of that the baseball cap is quite UN-European.  If you look close you can see the shape of the Insignia on the cap, and how he whips it off his head when he sees the camera.

well, he did put on a baseball cap, looking like he just got caught in the act, while not being able to make up his mind what to do. that is all pretty american.

Good points; you guys could very well be right. I would not be surprised at all for the US to have special forces in Lybia. I'm just saying be careful about touting this video as absolute proof. As someone mentioned above they could be contractors.
147  Other / Politics & Society / Re: Oops haha! Special Forces caught in Libya! on: August 26, 2011, 09:50:36 PM
Nothing to see here, no troops on the ground, we didn't orchestrate the whole thing.....  Worst kept secret since......  Well, since the last orchestrated Middle Eastern invasion.

http://www.youtube.com/watch?v=nnDUS-MR2g8&feature=share

This is interesting but not solid proof that US special forces are involved.  These could have been British or French special forces.  I saw nothing that would uniquely identify them as American.  Did I miss something?
148  Other / Politics & Society / Re: Where do you fall on the political compass? on: August 26, 2011, 08:31:09 AM

I'm glad someone appreciates my attempt at humor?
149  Other / Politics & Society / Re: We The People on: August 26, 2011, 01:00:30 AM

Good stuff.   Is that you at 0:48?   Wink
150  Other / Politics & Society / Re: Legitimate Threats, Legitimate Demands on: August 26, 2011, 12:46:54 AM
Here are the conditions for legitimate threats.

  • If I have the right to do X then it is legitimate for me to threaten to do X.
  • If I don't have the right to do X then it is illegitimate for me to threaten to do X.

Here are some examples. I have the right to leave the room. Therefore, it is legitimate for me to threaten to leave the room. I have the right to hang up on you. Therefore, it is legitimate for me to threaten to hang up on you. I don't have the right to kill you. Therefore, it is illegitimate for me to threaten to kill you. I don't have the right to torture you. Therefore, it is illegitimate for me to threaten to torture you.

It seems simple so far but now for a real test.

I have the right to allow you to starve. I have the right to not give you my money. Therefore? It is legitimate for me to threaten to allow you to starve. It is legitimate for me to threaten to not give you my money.

What demands can I make? Here are the conditions for legitimate demands.

  • If you have the right to do X then it is legitimate for me to demand that you do X.
  • If you don't have the right to do X then it is illegitimate for me to demand that you do X.

You have the right to kill yourself. Therefore, it is legitimate for me to demand that you kill yourself. You don't have the right to kill someone else. Therefore, it is illegitimate for me to demand that you kill someone else.

So please, stop acting as if threatening to allow you to starve is the same as threatening to kill you. Those are not the same kinds of threats at all. They both will result in your death but one is legitimate and the other is not. I can legitimately threaten anything I have the right to do. I can legitimately demand anything you have the right to do. I have the right to allow you to starve. You have the right to work. If I threaten to allow you to starve unless you work, it's legitimate. Work or starve.

I agree that this all follows logically from your premises with the understanding that "demand" does not mean the individual has to comply.  It's a strong request.  I think another word would be better suited here, but I understand the point.  I would like to note, however, that it is not so much your right to allow someone to starve as your right to withhold your property (food) from them.  In consequence and effect, it is one and the same thing, but the right derives from your right to control your own property rather than your right to allow human suffering.  Thoughts?
151  Other / Politics & Society / Re: This board in one image. on: August 23, 2011, 05:13:22 AM
http://mimiandeunice.com/wp-content/uploads/2011/08/ME_431_OfferSolutions.png

Intervention bias. Nobody can imagine the optimal solution being not to mess with something in the first place. It always has to be assuming direct control and we only end up repeating history in the process.

Hmmm, isn't that three images?  Nitpicking, sorry...    Roll Eyes
152  Other / Politics & Society / Re: Internet billionaire donates $1.25 million to create libertarian islands on: August 20, 2011, 08:11:53 PM
I hope they build it off the coast of Somalia. I don't want my tax money spent to defend it.

Why not? Isn't the ability to experiment with new governments and societies a very useful thing? They state repeatedly on the website that this isn't restricted to libertarianism. So I assume various forms of socialism could be tested aswell. The only criteria is that people should always be allowed to leave.

It seems to me that there's a lot to learn here, what ever your political views are.
Unless they are officially chartered as a member of my country, then the answer is no. Sovereignty has a price, if you don't pay it, then you don't deserve to be free.

I think your jumping to conclusions by assuming there isn't a price. There is a price here: the useful information gained from experimenting with various untested societies.

I don't think the seasteaders are asking for US defense, but I still think it would be worth the money even if they did.

To be honest, it wouldn't cost anything extra for the US to defend a seasteading community off its coast.  All it has to do is announce that the community is under its protection.  No country is going to attack the US or any protectorate of it with its current military capabilities.  As far as pirates, the community is on its own.  They can hire private defense contractors, or simply chip in to fortify their city.  Any city over a certain size that has an armed populace would be too much risk for any but the most brazen and well armed pirates.  Besides, when was the last time you heard of pirates making raids off the US coast?

Yes I know the coast guard runs patrols and therefore would be protecting the seasteading community, but I'm arguing that the marginal cost is zero or negligible.  They are already protecting the US coast and would probably not have to make any extra patrols.  But even if they did the cost of extra patrols is so much smaller than other US military expenditures (Iraq, Afghanistan) it seems stupid to quibble about it.
153  Economy / Economics / Re: FED should buy stocks instead of government bonds on: August 20, 2011, 06:38:08 AM
How about the FED stops trying to "fix" things?  Then we might actually recover.
154  Economy / Economics / Re: A Modest Proposal on: August 20, 2011, 06:28:15 AM

The biggest benefit is that it will slow down the new generation of Bitcoin. Early adopters of the new currency will use their mining power to generate new currencies as oppose to flooding the saturated pools of bitcoin mining. This is huge because slowing down bitcoin generation gives time for the market to grow: giving time for merchants to consider accepting Bitcoins for goods and services, allowing late adopters a chance to get into the bitcoin market , and giving time for graphic card hardware manufacturers to create new more powerful/efficient gpus to support the growing difficulty of mining.

You can't slow down the bitcoin generation in the long run.  If miners leave the difficulty will adjust to ensure the same number of bitcoins are being generated.  This is by design.
155  Other / Politics & Society / Re: Great metals play: a nickel is now worth over six cents in metal content on: August 19, 2011, 11:13:33 PM
A nickel is now worth over six cents and will probably soon be made out of zinc.  Right now they're 25% nickel and 75% copper.  Collecting nickels is a great way to save with no financial risk since a nickel will always be worth at least a nickel.  I've started to collect them, getting a few rolls every time I go to the bank.  I figure it's like making a 20% profit on every roll I buy.  The downside is figuring out where to keep them all.

This is interesting, but I'm not sure about the cost effectiveness of it.  Plus as you state, where to keep them all?
156  Other / Politics & Society / Re: greed is good? on: August 18, 2011, 08:11:00 AM
Seems rather subjective.  Do I need a TV?  I own one, so does that make me greedy?  What about a computer?
Owning a TV or PC is not necessarily greedy when the living standards of your society make it basically mandatory to have a computer for research and other tasks. A TV is an important tool for communication and entertainment (which is very important). Now if you had a TV in every room you might be getting a little bit greedy. The resources and labor that went into that could have been used for people who actually need a TV, or perhaps if there wasn't such a large demand for things people don't actually need we wouldn't need to tear down forests and destroy the environment at such a rapid pace. Greed always has a consequence, that is why it's "greedy".

I disagree.  TV's are completely unimportant and I think having even one is greedy.  There are far better ways to entertain yourself: read a book, play a board game, work out, play online games or take up a hobby.  You don't need TV for communication either, as you can get all your news from the internet more efficiently and with a broader diversity of views and opinions.  The resources from your TV would be better spent building computers for people who don't have them and need one for entertainment and communication. 
What makes your whims so objective? Who is really to define who needs and deserves what? Why are your desires so relevant when it comes to anothers property and resources?

Exactly.

Go back and read the exchange between Bitfreak and I, and then come read the above post of mine again with a tone of irony.  Smiley
157  Economy / Economics / Re: A Resource Based Economy on: August 17, 2011, 12:18:20 PM
Thirty five pages on this subject.  Sad  How the eff do I unsubscribe from this thread?
158  Economy / Economics / Re: So I met a guy who makes Algorithmic Trading Programs for High Frequency Trading on: August 17, 2011, 12:11:33 PM

The concept of the "free market" is very well defined.  Rothbard defines it here, the wikipedia definition is clear and accurate, Mises talks extensively about what markets are and what the "free" market is in Human Action, and I would simply define it as the sum of all voluntary trades and exchanges between individuals and privately owned companies.

Haha, but can you define voluntary?
There has been a lot of discussion about the concept of free will as of late.
It turns out the concept of free will is terribly hard to define in detail.

For instance, for a voluntary movement of your arm, your arms muscles will receive a 'move' signal PRIOR to the concious part of your brain processing it.
You THINK you took a voluntary choice, yet your arm moved before you were aware of your choice.
So, is this free will, and if so, who's will is it?

And since the term voluntary relies on the concept of free will, what does that tell us about voluntary trades?


The fact that there are both unconscious and conscious movements of muscles doesn't negate the idea of voluntary choice and free will.  Your body can react to stimuli and will move before your conscious recognizes this, but you are also capable of deciding to move your arm in advance of actually moving it.  If you don't believe me:  Keep your arms perfectly still.  Now think "I am going to move my arm" but don't move it.  NOW move it.  Did it work?  Did you have the free will to move your arm or is every move of ours predestined and ordered for us?  Or is this a trick question since I TOLD you to move it?  Smiley
159  Other / Politics & Society / Re: Jon Stewart nails the corporate press on Ron Paul on: August 17, 2011, 10:25:13 AM
10 BTC is $100. 

Yeah, but by election day 2012, it'll probably be like 50 cents.

Or $5000.   Wink
160  Other / Politics & Society / Re: Critiques of Libertarianism on: August 17, 2011, 08:46:55 AM
Actually, it was bitcoin2cash. Not that it really matters or anything.

Also, and this is probably going to sound insulting, but I think part of the reason for what you're talking about is that most people with a well-rounded education in politics and history consider libertarianism to be an unworkable mess that would be infinitely worse for America than anything the Republicans or Democrats can dream up, so they think anyone who seriously believes in it is either really young and naive or, well, kinda slow. At least when it comes to social issues. I know a lot of them are really good at engineering and computer science and whatnot. And how do you convince a slow person of something? Use simplistic examples to counter their simplistic and not-very-well-thought-out ideology.

Somebody in another thread called libertarianism Political Aspbergers, since it never seems to consider the social elements of anything and is really a pretty self-centered ideology - or at least that's how its adherents sure present it. But I think that phrase actually makes a lot of sense, especially when so many of the people who believe it are those with the technical/mathematically-inclined brains that are generally the types who suffer from real Aspbergers.

I'm trying not to be insulted.  Smiley  I am young (I guess?, 24), I may be naive, but I don't think I'm "slow".  I think I have a pretty good grasp on my intelligence level and it's within a standard deviation of the peak of the bell.  I've never been autistically brilliant at mathematics or computer science either.  I tend to be more of a social being, good at interacting with people.  I don't view myself as an isolated individual, apart from society, and neither do any of the libertarians I know.  In fact, most of the libertarian author's I've read explain libertarianism precisely within its setting in a society.  

The libertarians I've met, know personally and who's works I read tend to be very well educated in politics and history, much more so than your average Democrat or Republican who barely know what they believe or why.  Perhaps all the autistic/Aspberger ones are on the internet?

Libertarianism is a very coherent ideology, one of which I've only read a few really good critiques.  Most of the time when I debate people regarding libertarianism they resort to false concepts such as the "social contract" or simple "might makes right" ideology.  As in, society as a whole has decided such and such, therefore who are you to oppose society?

It sounds like you have had some unfortunate experiences with libertarians online.  Too bad I can't invite you to meet me and my libertarian friends for beer at the pub.  You would probably enjoy yourself and might change your opinion, even slightly, of libertarians.
Pages: « 1 2 3 4 5 6 7 [8] 9 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 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!