But to be fair, it is nowhere as bad as "Capitalism and Freedom" by Milton Friedman.
This information doesn't surprise me... ( and other self-acknowledged ignorant drivel) I'm very interested in hearing criticism of Milton's book, if either of you wish to post a link, or simply point out any bad arguments or evidence. He strikes me as so logical that an illogical leap pointed out would change my opinion of him quite dramatically (assuming he refused to correct it). I've read a bit of Keynes, Greenspan, Freedman and Hazlitt, and while each would like to portray themselves as bearers of seemly-obvious previously obscured enlightenment, clearing our eyes of mud and showing us their truth, they all conveniently or from understandable ignorance neglected certain facts and come to dubious conclusion (of which I've only learned from equally brilliant minds or their own retraction). None the less, I've learned a great deal from them all and judge each by the others. But I too would like to hear from the greater geniuses of this forum, specific critiques of Freedman and Hazlitt. (Rand's writing style, proving 'fact' through fiction, was more than I could tolerate) |
|
|
|
yes at least 60% drop.
My expectation is even a 90% drop, but I am happy to bet on a 60% drop to start with.
To those who dont believe in deflation that is already underway since late 1999 should look at the DJI measured in gold.
What asset type are we wagering? Fiat currency or stocks?  |
|
|
|
Where's the content? I just get links to unrelated videos.
The video loads last. Be patient. |
|
|
|
Consensus certainly will win regardless of this discussion here. The posted graphics are more for logo/trademark/brand recognition. Ask any one of those horribly suffering under the overloaded use of $ whether they have heard of the Thai Baht. Ask them to point out where Thailand is. The continent at least.
How is that relevant? Why include ignoramuses in your argument against clarity? Most $-citizens couldn't point a Euro zone country on a map, either. And most people do assume, often incorrectly, that $ means FRN/USD. Don't under estimate the confusion that peso sign '$' produces and baht '฿' potentially would. You are of course aware that a large fraction of all English and Spanish speaking nations use the peso sign? Because you can point all these nations out on a map perhaps you've traveled to some, such as Australia, New Zealand or most anywhere in the Americas between Canada and Antarctica, maybe you've been confused - particularly in tourist areas? Or perhaps on websites - some of which have localization, other's without, or poorly implemented? I'm saying the average person in the target audience has no clue and won't mind.
Who is the target audience? |
|
|
|
I hadn't seen it before. It looks neat. I worry about UI complexity though. This is definitely a power user feature.
Well maybe, but I am driven batty by the opacity of the C++ client. Only the destination address is available (even if you double click the transaction). I find all the hidden features make it more complicated to use and understand. Users don't understand why they should need to backup (again and again). They don't understand why it is not anonymous or how it could be. They don't understand 'copying' a wallet and certainly not the implications. I don't think users are dumb but the client is making them dumb. Even if a user never uses the 'addresses' tab, simply showing them their own addresses might produce an ah-ha moment. Hey Coderrr, do you think you could release a 32-bit linux build? |
|
|
|
I'm surprised this post generated so little chatter. Have you re-patched 0.3.24? |
|
|
|
Certainly your guess as to how AAPL will respond to lower consumer purchasing power is as good as any. But both Greenspan and Bernanke hold the stock market darling with no regard for base M0 monetary inflationary policy. The lesson Keynesians learned from '29-39 was that contraction of the money supply was both cause and effect of the stock market collapse. The Fed is now buying assets with printed money to prevent both. No, the stock market won't deflate, the Fed will just claim commodity supplies are decreasing, naturally increasing prices on tangible necessities.
I am happy to bet with you that the DJI will fall below 4000 by 2015, to underline that I am serious with my forecast.The middle classes will have trouble affording food, energy, transportation, paying off debt (despite attractive loss in debt value), and very few will be able to afford fashionable consumer electronics. So AAPL will drop unless they start selling apples from trees or produce soft/hardware for the banks. But I posit that the Fed will continue monitary inflation combating stock market deflation while denying real price inflation. Unfortunately, I think they can keep that up for four more years, before everything traded in dollars collapses, but I'm certainly not betting on that timeline. 60% collapse by 2015, you say? |
|
|
|
Observation: Isn't it funny how we all (at least in the US) can look at a $5 bill, three $1 bills, 5 quarters, 6 dimes, a nickle and 4 pennies and quickly come up with $9.94? Imagine if someone on the boards here suggested that a 'gavin' is 0.25 btc, and a 'binary' is 0.05, he would get laughed off the boards.
Yes, he would be quite rightly laughed off the boards. Pennies and dimes are tangible goods. Decimal places are also named: for example hundreths, ones, tens, thousands, and millions. If you created physical bitcoin denominations, then they might be named, colored, and any other characteristics you are all yammering on about. Your $3.14 balance never reads three dollars, one dime and 4 pennies, whether on paper or computer screen. Lest you've all forgotten, bitcoins are DIGITAL ! |
|
|
|
I wonder if the proposed implementation would allow the actual keys to be stored on a smart card, much like the OpenPGP smart cards that kgo is selling ( http://forum.bitcoin.org/index.php?topic=26918 ). Or otherwise include some physical factor? The smart card memory limits the number of keys stored, but that is not likely a problem for a 'savings' wallet with a finite number of recycled keys. |
|
|
|
|
Too often I can't find previous articles despite providing excellent search queries. For example, if I know most of the words in the TITLE and the original poster's USERNAME, I still might get zero (0) hits. Perhaps the search form should just redirect input to google appending site:forum.bitcoin.org ?
|
|
|
|
|
kgo, thanks for the chat on OTC.
As a side note, are you familiar with the technical details of the proposed 'encrypted keys' in bitcoin client 0.3.25||0.4 ? I would posit that the private bitcoin elliptic keys on a smart card would be the most secure form of currency/transaction in existence today. Perhaps you could discuss this with the core developers. Why should they invent their own implementations when we already have decade+ proven technologies?
|
|
|
|
I'm still ok with the Thai Baht symbol. It's not like the dollar sign is uniquely used. (Canadian, Australian, Brazilian Real, ...) but those currencies have a historical tie, unlike bitcoin and Baht.
I am not a fan of using the Thai Baht, but don't care much. None the less here's my contribution (not Unicode) which emphasises bitcoin's cryptographic hash (#) backed nature.  But it turns out the Baht was a unit of weight that was originally base 2 - binary! bia เบี้ย 1⁄6400 Baht cowrie; a very small amount of money; a counter used in gambling solot โสฬส or โสฬศ 1⁄128 Baht att or ath อัฐ 1⁄64 Baht sio or py เสี้ยว เซี่ยว or ไพ 1⁄32 Baht a quarter (feuang) sik ซีก or สิ้ก 1⁄16 Baht a section; a half (feuang) feuang เฟื้อง ⅛ Baht salung สลึง ¼ Baht a quarter (baht) mayon มายน or มะยง ½ Baht baht บาท 1 Baht 1 tical, from Portuguese, from Malay tikal [3] tamleung (of silver) ตำลึง (หน่วยเงิน) 4 baht a gourd; weight of silver equal to four baht, or ~60 grams http://en.wikipedia.org/wiki/Thai_baht#History |
|
|
|
the key wouldn't be in your .gnupg directory anymore
Ah yeah I guess gpg itself would be much more secure. Cool. |
|
|
|
|
Trawling can be contrasted with trolling, where baited fishing lines instead of trawl nets are drawn through the water.
|
|
|
|
|
Sorry bitcoin_bug, I thought the 12 minute reading sucked. Maybe because I only dislike the state and haven't yet engaged in expected rational panic Mr. Jefferson warned me about.
As for Praxeology, it just sounds like the first three of Buddhism's fourth aryan truths with a sprinkling of Nietzsche. appamada.
|
|
|
|
+2 Excellent work guys. I expect to be playing around with the code all weekend. Very exciting project! The C++ code is the backbone of Bitcoin and will remain so for years to come. I think clients in other languages will fill certain niches as well as providing a testbed for new features.
I'm eager to hack away on the node.js code, but hope the C++ client also makes a similar server/client split. |
|
|
|
 Data Entry | | Scale Confirmation Panel | | | 0.069 BTC | | 6.9 cBTC |  | | 0.001592 BTC | | 1.592 mBTC |  | | 0.0004 BTC | | 400 uBTC |  | | 0.00000032 BTC | | 32 satoshi |  |
It's not a bad idea to standardize distinct COLOR, SHAPE, and ICON of different Bitcoin unit 'logos' (milli, micro, nano, pico would need to be quite prominent). If client designers want to express number in those colors, I think that's at best secondary. EDIT: As dictator for the day (who has suffered through a dozen such discussions over the year), I declare the 'cent' discussion closed and buried. SI units of three (10^n3) are the only reasonable way to go: giga, mega, kilo, milli, micro, nano, pico (no deka, deci, centi, nor hexisepticenti). Satoshis (10^-8) may survive as a charming oversight. |
|
|
|
Users should have maximum freedom, so I am all for importprivkey, dumpprivkey, and removeprivkey.
I completely agree. We should not be protecting users from themselves. Provide the tools to empower users and explain the consequences. We should not engage in obscurity. I believe part of the issue are the metaphors used. ' Wallet' implies a static singleton entity. We should be referring to addresses as ' accounts' - it's a metaphor familiar to most users and their grandparents and is much closer to the reality. We'd have no problem understanding export, importing or removing accounts from portfolios rather than wallets. |
|
|
|
|
Show Posts
