This is exactly what an indoctrinated person such as yourself would see as his eyes glaze over and blocks out any responses/statements/facts/questions that contradict his current belief system. That's precisely what he does. Nothing reaches him through his carefully constructed labyrinth of nonsense. If a particular dialogue begins to make his inconsistencies apparent he immediately disconnects. He's a poster child for cognitive dissonance. <snip>I claim to be a Liberal/Progressive who strongly supports the 2nd. Strong supporters of the 2nd Amendment do not believe the right to keep and bear arms is granted or maintained by collectivist government authority and they do not believe those rights can or should be stripped on a whim because they disagree with the particular values of another. At best tvbcof is a strong supporter of his own 2nd Amendment rights and a wishy washy supporter of the rights of others. |
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TPTB have thought of that argument. That they might have thought of it - and that they might even have appropriated it as a means of safeguarding their own self interest, doesn't in itself make it an unsound principle though does it ?Not at all. If you're a tyrannical government authority it's a proven winner. A whole lot of misguided and shortsighted peasants will even come out in support of surrendering liberties for security, some will even help attack those that are opposed *cough*tvbcof*cough*. Rogue governments are incentivized to keep the sheep afraid, divided, and dependent else the masses may realize who the real enemy is. |
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..despise laws that limit my freedom in any way. Its an interesting thread this one, for various reasons. But I think in a sense what you have written above gets to the crux of it in some way. In the UK there is a saying - "The punctual have to pay the price for the tardy", and this is what came to my mind as I read your post. My point being, is that even if/though you may be a responsible citizen and so are able to use the freedom accorded to you (by nature) for the betterment of both yourself and your community, we cannot say the same for everyone in this world. And, unfortunate as it might be for the likes of you and me, the laws of the nation have to, to a degree, be framed to compensate for those that would act irresponsibly - tvbcof made the point pretty succinctly with his childhood pop gun story  Short of a "moral eugenics" programme I don't see a way around this. IOW, freedom is the currency one must exchange for security? TPTB have thought of that argument. Actually that's the argument employed by nearly every tyrannical regime throughout history. Your hero and I agree that the USG savagely attacked it's own people to encourage the masses to accept a reduction in their liberties, we differ only in how we choose to respond. |
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Ozziecoin, gotcha. You're a spammer, how could I be so blind  Start a separate thread if you wish to discuss this...misguided post at length. Got it. I don't currently want to educate anyone, so I won't. Just a relaxing conversation happening here  Understood. It is better to remain silent and be thought a fool than to open your mouth and remove all doubt. |
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...
With regard to our inconsistent friend here, I stopped reading his posts several pages ago, but I have little trouble recalling the things that were said and reconciling them with new information.
Poor Sol. Cannot take 'yes' for an answer. I'm sometimes inconsistent, and even more I often appear that way. Call it 'relativism' if you like. I've explained the phenomenon (which is by no means unique to me) already and it's kind of boring and tedious waste of time to repeat it constantly. One more quick example anyway. I have a car that I like pretty well. Always starts, gets good mileage, etc. But it doesn't have power door locks. I'm not going to run it off a cliff and get another one because of that deficiency. It would be expensive, inefficient, dangerous, and there is a damn good chance that the replacement would have even more serious defects. So, I take care to look at the little button on the passenger door to see if it is red when I go shopping. Maybe someday I'll retro-fit electric door locks or something, but probably not. If my car gets stolen or wrecked I'll take care of this inconsistency in perfection when I get my next one. And really proud of your "death by a thousand paper cuts" balancing act. We Texans call that horse shit and talking out of both sides of your mouth. As we see practicaldreamer did above weaseling out of a call to come into touch with a hard reality. Socialists live in their selfish "fuck me" world. I suggest to all readers, opt-out of their financial system and let them fuck themselves. Readers you should be looking for your opt-out solution. lol Guess tvbcof wasn't a fan of the fascist cash for clunkers program. |
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It doesn't look sinister, it's just that the order book is thin, so when someone buys or sells a significant quantity they push the market around.
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I havent heard any replies about not being able to sync on client. its been over a day since i updated and i cannot sync even though i have connections There have been numerous replies to those having this issue, both here and on the zeit forums. Backup your wallet and delete your blockchain files. Ray suggested a couple pages back that their could be issues with case sensitivity on some OSs. I've never had any problem syncing the Zeitcoin wallet, so I'm unable to offer any first hand experience. While having a online shop could be good thing to help promote Zeit PLEASE tell me that its not just going to sell goods that help sustain a consumer based economy, and that it will be selling goods and services that will help in the main ethos of this coin and that is a RBE TVs and trainers l can get any were. we need to sell things that are sustainable and eco friendly, If we only sell consumer products on the site. How is that working towards a RBE Not sure why you quoted this comment to makes such a post. Why complain about what someone chooses to include in a website beta? If you don't approve of their website then make your own website and use it to sell whatever you like. |
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While I agree that absurdly low(artificially low is how I usually refer to it) interest rates are a huge problem, as it doesn't allow for a price discovery mechanism to operate, brutally punishes savers, and rewards gamblers, this isn't the whole problem. After all the very same NON governmental "authority" setting interest rates also "prints" the nation's currency, which it then lends to congress with interest. Plainly there's no legitimate reason to do this as congress is granted the authority to print our currency directly without interest, which is why there's a US treasury(they still stamp our coins). However if you're a politician in DC and you want to spend more than you're taking in it's fantastic, as you can inflate the budget to your heart's content and saddle future generations with that debt. This wouldn't be possible with a sound currency. You cannot simply whip up an extra trillion gold certificates as someone may well try to exchange those certificates for gold you do not have.
Nah. You don't seem to understand our current monetary system. That's become clear when you wrote this old "saddle future generations with debt" manthra. Government debt is not a burden, it's a monetary instrument for the monetary system. That's why congress doesn't simply print the currency but issues debt. If it started printing, the Fed would have to start selling its own debt (net effect would be zero) or just let rates plunge to zero forever without the ability to raise them. Also government debt is an asset for private sector. When government is running fiscal deficit, it isn't saddling future generations with debt, it provides current generation with an asset. Perfect credit risk free asset. Moreover only the government sector and the foreign sector are able to add net monetary assets to the domestic private sector. Government does it through deficit spending, the foreign sector does it through current account deficit (for the foreign sector). You ignore the fact that it's impossible (well, only possible if you're dumb) to default on your own debt in your own currency. If you imply that Fed is ruled by banksters then you imply that all government is too. But it's not a monetary problem, but a political one. Start a separate thread if you wish to discuss this...misguided post at length. |
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http://www.federalreserve.gov/faqs/about_14986.htmFederal Reserve is independent but subject to oversight by Congress. It was created through The Federal Reserve Act sign into law by Woodrow Wilson in 1913. Its nothing like a private bank like JPM Chase or Citibank. Its the bank for these banks. Get your facts straight before putting on that tinfoil hat I do hope you're kidding with this post. If congress creatures had any interest at all in doing the job they were elected to do they wouldn't have single digit approval ratings. |
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Are you two done? I don't think anyone cares what either of you have to say at this point. Pretty sure ignore works. |
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I've managed to stack tens of thousands over the course of a couple months. If you put up a buy order and leave it there someone often comes along and fills it.
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So tell me what you were trying to say here, and put it in context. Keeping in mind the topic of this thread, "Fractional Reserve Banking." What is it that can not be done with "sound money"? ...This wouldn't be possible with a sound currency. You cannot simply whip up an extra trillion gold certificates as someone may well try to exchange those certificates for gold you do not have.
I realize it can be fun to quote people out of context, but if you simply read the paragraph you're so fond of, in it's entirety I believe it's actually pretty clearly written. As to your reminder of the topic, you'd do well to recognize that the comment you seem to want to pick through and erroneously cite as some great grotcha, was a response to a comment someone else made. It had nothing whatsoever to do with you, though you've used it to illustrate, very effectively, that you do not understand the subject material of this thread. I missed this post previously.
While I agree that absurdly low(artificially low is how I usually refer to it) interest rates are a huge problem, as it doesn't allow for a price discovery mechanism to operate, brutally punishes savers, and rewards gamblers, this isn't the whole problem. After all the very same NON governmental "authority" setting interest rates also "prints" the nation's currency, which it then lends to congress with interest. Plainly there's no legitimate reason to do this as congress is granted the authority to print our currency directly without interest, which is why there's a US treasury(they still stamp our coins). However if you're a politician in DC and you want to spend more than you're taking in it's fantastic, as you can inflate the budget to your heart's content and saddle future generations with that debt. This wouldn't be possible with a sound currency. You cannot simply whip up an extra trillion gold certificates as someone may well try to exchange those certificates for gold you do not have. https://bitcointalk.org/index.php?topic=604083.msg6695555#msg6695555In case you still SOMEHOW do not get it...it's a conversation about the federal reserve...which is not federal and does not have any reserves. It has nothing whatsoever to do with secondary currency generation...otherwise known as fractional reserve banking. |
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Technical analysis is crap. Throw some tea leaves on the floor and read them if you want insight, it's likely to be just as accurate.
Bitcoin would do well to dump a whole lot of speculators with 10 second attention spans, particularly if coins land in the hands of actual believers in crypto currencies. LOL. Depends on who is doing the TA, and how good they are with it, doesn't it? No it does not, because you're likely to get several different responses from the same chart. None of which will properly account for human psychology or news. n00b. Not even a little. When I was young(and dumb) I *DID* believe that TA could predict with some measure of accuracy. It's hogwash...and btw so is the easter bunny. |
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I'll repost this for you, but promise not to hurt yourself tonight. Promise? You said fractional reserve is impossible with "sound money." I showed you wrong. Your inability to such basics is, frankly, worrying  I gave you some bright red font, see if that helps. If not, there are plenty of promising careers in ditch-digging and fryer management. . ...This wouldn't be possible with a sound currency. You cannot simply whip up an extra trillion gold certificates as someone may well try to exchange those certificates for gold you do not have.
Fractional-reserve banking predates the existence of governmental monetary authorities and originated many centuries ago in bankers' realization that generally not all depositors demand payment at the same time.[5]
Savers looking to keep their valuables in safekeeping depositories deposited gold and silver at goldsmiths, receiving in exchange a note for their deposit (see Bank of Amsterdam). These notes gained acceptance as a medium of exchange for commercial transactions and thus became as an early form of circulating paper money. -- http://en.wikipedia.org/wiki/Fractional_reserve_banking...and yet  *Now tell me, Do you sometimes feel that government men are watching you, stalking you, following your every move? Did government men ...touch you? You may repost that comment as many times as you like...in any color you wish, but it's not magically going to say what you seem to think it does...even out of context. The repulsive relationship between the federal reserve and congress critters is not fractional reserve banking. The fact that you think it has anything at all to do with FRB indicates that you do not understand the principles of expansionary monetary(currency) policy or how banks function. We are all living in an increasingly oppressive police state in which millions of arcane laws, codes, and regulations are intentionally written with ambiguous meanings so that as many as possible can be charged at any given time with any number of "crimes". It's been estimated that in the US, an average American unknowingly commits 3 felonies/day. If you're asking if I personally feel singled out by government parasites, then the answer is no. |
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solarion is a notably clairvoyant writer on this issue. His recent summaries are more astute than mine. Thanks.
My talent is more focused in the abstract mathematical realm. I've noted solarion doesn't yet understand why PoS is incorrect (and I don't have time to gather all my past points for him at this time to try to convince him), which is an exhibit that my intellect is higher in that realm (or perhaps I've just spent more time analyzing PoW vs. PoS). Whereas, his verbal IQ is appears to be higher than mine (or perhaps he just has more patience in this realm than I do). Well thanks...and GFY. I understand your problems with PoS. As I said, I share some of your concerns. I have diversified my own wealth into many different directions in an effort to avoid fiat to every extent that is possible. I also like Bitcoin & silver bullion though I know you do not like the former. With regard to our inconsistent friend here, I stopped reading his posts several pages ago, but I have little trouble recalling the things that were said and reconciling them with new information. |
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Shocking. These maggots have used lawyers & legalese to steal at every turn, nobody should be surprised. Now we will receive nothing. As expected. I predicted 2 months ago that they are insolvent and there you go! Fraudsters Please see this: https://business-bankruptcies.com/cases/hashfast-technologies-llcThis document appears to have been filed by hashfast's creditors. This may in fact turn out to be good news. Hopefully... Amy Abascal replied on Twitter to a question about them filing for bankruptcy: "There has been a motion to force us to file. We are evaluating options but we don’t have answers yet. We did not file that" What I'm saying. Edit: you may be correct given the number of unrecognizable names listed in that pdf. I certainly hope this action results in a shutdown of hashfast, an interruption of the ongoing fraud, and some measure of relief for their creditors(customers). https://business-bankruptcies.com/cases/hashfast-technologies-llcBaker & Hostetler, LLP is representing creditors.] |
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blah blah forget that I made a fool of myself blah blah I'd change the subject if I were as far out of my depth as you are too bud. Don't sweat it. |
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Agreed. I won't have anything to do with bitstamp, or any other exchange that demands a bunch of data they've no right requesting and don't need to connect me with other traders.
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Technical analysis is crap. Throw some tea leaves on the floor and read them if you want insight, it's likely to be just as accurate.
Bitcoin would do well to dump a whole lot of speculators with 10 second attention spans, particularly if coins land in the hands of actual believers in crypto currencies.
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Yeah that's pretty slick. Can you guys also create a bitcoin bill payment system?
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