That would be something. What would happen if BTC were to be used by the government?
The market cap goes from 5 billion to 50 trillion. |
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LOL! 2 Youtube links & an info-meme. It was five sentences, four links, and one quote, none of which you responded to in any meaningful way. And "info-meme" is redundant. This is copyright violation. Who gives a shit? It's some other man's profits, not yours. Don't be daft. You don't pay for things you can get for free, do you? Every body pirates, welcome to the twenty first century. |
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Is coinbase in trouble?
My coins there are fine, no problems. It's a troll thread. |
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There is no real definition of poverty that applies to American citizens, but there will always be a "bottom 20%" no matter how well-off they are. Meanwhile on reality ranch. Phew, good thing I know you won't watch that video. It might have presented information that challenges or even threatens your carefully constructed, ego-defending worldview! Everyone knows youtube videos are how Satan gets into the loins of children. Anyway, you definitely should NOT watch this video about revolution, or this one about climate change, or this one about god! Information can be so terrifying, because it makes you think!  |
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Capitalism apologist 101: Because the owners of the company are slaves to the employees. they're earning money. They obviously agreed that it was fair, because it's the amount of money they agreed to work for. Wal-Mart employees all have the option to own stock. Most of them sell it immediately. They choose to stay poor, and that is part of having freedom. I think I just threw up a little in my mouth. We're done here, let's agree to disagree. |
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The wealth is generated from the labor of the workers, They get paid for what they generate. Be specific. How much do they generate for the company? What percentage of that are they allowed to keep in exchange for their labor? What percentage is profit for the CEO? What percentage is profit for the shareholders? Run this analysis on the average corporate chain bottom level employee and I promise you a pattern will emerge quickly. The employees aren't being given a fair share, not even close. And you know, the more you do this - the more time you spend examining the reality and thinking about it, the more it begins to seem like owning stocks is not so far removed from owning slaves. By the way, I dare you to watch this: Conversations with great minds - Dr Richard Wolff part 1 and part 2. It's a professor of economics deconstructing your fear of socialism and why it exists. I don't watch Youtube videos. That's adorable! Do you live on a farm? |
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There will be a long, and possibly violent, sunsetting of the nation state this century. For this coming era, state government as we know it and cryptocurrency will coexist.
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Hypothetical scenario: A theoretical reality show called "Bitcoin Wars" invites you to compete to see who can earn the most Bitcoin over the course of a summer. How would you react?
I would sign up only if it was some kind of bloodsport / mortal kombat style fight to the death. |
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In this thread:
Americans who didn't realize there are english speaking people outside America.
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Good.
I think climate deniers should be dumped into the ocean with the rest of the toxic waste.
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For example, how could anyone believe that wealth comes from the poor? The wealth is generated from the labor of the workers, an increasing number of which are poor and getting poorer. How could any serious person believe that "the poor are getting poorer"? How could anyone claim to be ignorant of this very well documented and controversial phenomenon and expect to be taken seriously? What's next, climate change or Holocaust denial? If a man has approximately $0.00 worth of assets, how could he get any poorer? Debt, and slavery to it. If you have $0 in assets and owe $20,000, you have a negative net worth. We have also recreated a modern form of indentured servitude with never-ending unpaid internships. How is it that the quality of life for "the poor" in many nations is higher than the quality of life enjoyed by Kings and Queens throughout most of history? Technology. That's irrelevant and moot since we aren't time travelers. In the United States, the poorest families have a higher life expectancy than the average member of royalty had, 200 years ago. They also have more leisure and entertainment, TV, internet, cell phones, Playstations, heat in the winter and cold air in the summer, a different set of clean new clothes for every day of the week, and their choice of meat and fresh vegetables 3 times a day. In the United States, the average "poor" person is not only well-fed, but actually obese. Is there no compassion in your heart?    Nothing like being pushed backwards in time 40 years economically in the span of 5 years. |
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So is bitcoin a kind of PLAN B since it is deflationary and will save the world if this QE led project fails and currency crisis occurs.. Son, governments are what the world needs to be saved from, not what the world needs to be saved by. QFT Related: Sunset of the State |
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So is bitcoin a kind of PLAN B since it is deflationary and will save the world if this QE led project fails and currency crisis occurs.. QE is already failing. QE will continue to fail because the effect is removing wealth from (and reducing quality of life for) the many poor. That wealth is redistributed in increasing concentration to a tiny few ultra rich. That's what austerity does in practice. So while our collective pain is growing in magnitude, our collective empathy, amplified by internet social connection, is raising our awareness of and sensitivity to this suffering. Sooner or later a breaking point is reached and humanity will abandon this system of suffering for a more efficient and egalitarian system of distributing resources. This system will be a more compassionate one, to reflect the increasingly empathic nature of human civilization. Modern capitalism is a very, very over-engineered system. Good engineering is not what you add, it's what you take away. Bitcoin is like Occam's razor in that regard, but it doesn't solve the greater problem of capitalism. This is the beginning of the end of capitalism folks, and there's little anyone can do to change that. https://www.youtube.com/watch?v=kpTAuivTqKE - Plug for Professor Wolff's Economic Update February 2015. There's some great stuff about Greece in there. |
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Yep, safety deposit boxes are no good, they will get raided. Haha, good point, investing in home safes might not be a bad idea. Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar. Safety deposit box? Where did they first start looking for gold to confiscate during '33? I read that a few safety deposit company owners robbed their customer's safety deposit boxes themselves. They tried to make it look like a robbery but it turned out to be an inside job. Is it an inside job or a socialist conspiracy? Oh dear... *backs away slowly* |
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How much have you lost -- either directly or indirectly -- because of the shenanigans, hacks, frozen accounts, and all out thievery of central exchanges? 0.000000 btc |
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Haha, good point, investing in home safes might not be a bad idea. Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar. |
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Not a cult....not a cult...
+1 It's just a tool, a great innovation but in the big picture one of many thousands others like it over the past century. |
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They have there own generator and as such depend on the oilprice, the real cheap black shit like they use on the big ships
That's actually brilliant. |
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