I have a silver-plated bar I want to sell (from the firt strike iirc) - will use bigtimespaghetti as escrow if he agrees and anyone is interested.

Are you still searching for a candidate?

Anybody interested in investing in my book selling venture?

Here we go.

Armstrong pointed out several times in the past that governments simply won't allow using digital currencies. Armstrong argued that once digital currencies start interrupting the tax collection system then governments will act. It seems the governments indeed start acting.

http://www.armstrongeconomics.com/archives/39715

http://www.reuters.com/article/2015/11/19/us-france-shoooting-eu-terrorism-funding-idUSKCN0T81BW20151119#O5TVOC4VyQ3B2QFj.97

It is a "recent" addition though. At least for the ancient ones such as you

On a more serious note, I think the removal from DT was uncalled for, esp. considering the reaction once you knew about this. I had to revisit my ratings as well, some have been removed, some combined, some stayed even though the amount is very small. All in all I think it takes some time to get used to the responsibility. For what its worth I added you to my personal list.

It was there first time I gave a feedback.

Imagine we've entered the Knowledge Age and the rate of innovation is so exponentially more rapid due to freeing up the individual creativity (as I have explained exhaustively in the Economic Devastation thread due to the shift from fixed capital investment for economies-of-scale in physical manufacturing to empowerment of the individual, e.g. localized manufacturing with 3D printers or programming as a vocation, etc.), meaning that the stored money is worth much less in terms of opportunity cost (yet while still gaining purchasing power assuming debasement rate is small, 0, or negative[1]) thus if banks can't charge very high interest rates then their share of the economy is mathematically always shrinking. Yet if they charge very high interest rates, eventually no one can pay them because the money supply isn't expanded compounded at that rate.

So the only mathematical way for banks to remain viable in the Knowledge Age that I envision is taking form now, is for banks to issue their own debased unit of currency and charge very high interest rates. But they can't do this and have it denominated in a crypto-coin unit they don't control the debasement of, without going bankrupt during busts (bank runs), because their central bank can't print money to bail them out.

Therefor, banks must be able to control the money supply in the Knowledge Age else they are going extinct.

The Industrial Age system is reverting to totalitarianism trying to avoid its inevitable extinction. Find a way to stand clear of the scorched earth the old will burn down with it as it goes away. Unfortunately the common poeple are caught up in the old and even cheering it on similar to the Luddites (e.g. those who think Big T is not a false flag and who want to hang on to their Babylon creations such as the "EU to end all wars"). Hopefully someone will find a way to get crypto-currency working in micro-transactions to billions of users pronto, so the Industrial Age will just crumble away like the Berlin wall.


[1] Negative debasement is very likely with crypto-currencies such as Bitcoin which target a constant money supply since users lose their passwords and there is no way for the system to know this (unless coins are forfeited if not spent or if instead the money supply is kept constant relative to money velocity and in the latter case you wouldn't need to reward the debasement to miners necessary and could instead pay it to every coin address in the UTXO).