FATCHA implementation starts this year: http://www.nestmann.com/finally-some-good-news-about-fatcaAll banks will come into compliance on dealings with U.S. entities, else become ostracized from the global reserve system. The dollar will become king as emerging markets and Europe collapse in the sovereign debt bomb over the next 18 months. Due to ZIRP, the emerging markets became short the dollar since 2008 by selling massive dollar denominated corporate bonds. This is what has been fueling the massive amount of overbuilding in the emerging markets. Borrower is slave to the lender. The dollar and FATCHA are in control. And consider the ferocity with which the U.S.A. is headed combined with the control they have over the world: http://www.nestmann.com/supreme-court-confirms-you-really-are-guilty-until-proven-innocent |
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I suppose these folks forgot about the regularly shifting El Nino and La Nina patterns. I was in high school in Southern California in the early 1980s and I remember the extreme rains due to that shifting pattern.
We are also seeing very cold weather this year in the Philippines and many powerful typhoons over the past three years, especially last year.
I see they are shifting the terminology from "global warming" to "climate change". I suppose their massive fuckup on predicting a warming trend isn't enough to embarrass the shit out of their junk "science".
YOU are blaming holy climate change on El something and LA something? DENIER!  And I must be racist too since those are Hispanic terms despite of the fact that I grew up in all black neighborhoods in inner city New Orleans and Baton Rouge. Climate change is responsible for people's skin color. True story. Her name is Melanin  . The requires government intervention to restore a natural balance. Luckily freedom triumphs. |
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Why Proof-of-stake is bad: http://mises.org/daily/1121The collapse did not occur until after almost three centuries of relatively peaceful living had gone by. Roderick T. Long states, "We should be cautious in labeling as a failure a political experiment that flourished longer than the United States has even existed."
When one truly looks at Iceland's history objectively, one can see what the real causes of Iceland's collapse was. The lack of competition and the monopolistic qualities that eventually came about when five families cornered the chieftaincy market was one reason. These five families bought the majority of chieftaincies. They controlled the court and legal system to a significant extent. This meant that there were not as many chieftains to choose from. This led to less competition, creating opportunities for increased exploitation over the free farmers, eventually leading to a revolt against the 5 families. |
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ok. thanks. but if our future world is a dystopia then they'll be a way to screw us over no matter what
I refuse to let this defeatist attitude stop me from finding solutions. It is all math. |
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I said more difficult. I didn't say impossible, especially given an anonymous crypto-currency.
Also protecting even just $50,000 per person is acceptable to me. At least we avoid a Dark Age.
I have noble goals. If you don't like my goals, fine go ahead with your Bitcoin. I am not stopping you.
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Peter R,
when I wrote "most gold owners", I hope you haven't forgetting the bell curve and that the "most" will be the smallest owners.
Indeed it is much more difficult for large stored monetary capital to hide in any asset. The best chance will be an anonymous crypto-currency.
Can you waste some more of my time?
protokol,
When you transact your coins you will be forced to provide identity of who you acquired them from. If not, your coins are unspendable.
Offchain (e.g. you want to exchange at Bitstamp or Coincase) will be very easy to regulate. On chain is very small percent but they can regulate this by regulating the few pools, and then you can be required to course all transactions through AML and KYC compliant services.
This is all very easy to do and they are well along the way of achieving this.
P.S. I am often suffering very ill health due to an incurable medical condition, and so the past weeks I was basically delirious most of the time. Today I have my full cognitive abilities at hand. If I wasn't terminally ill, I would be running circles around ya.
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In this thread I have learned a lot about the way people think. Explains to me about why society is impossible to organize away from banksters.
In the abstract, not much has changed since when you could give a native a mirror and he would give you his vast acreage of land in exchange.
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If the government tried to buyout the market of coins (the user market), the market would say "thank you, let's do that again on a new altcoin".
The government's goal here has to be protect its power over taxation and creation of money. It can get both with Bitcoin by controlling (through regulation and eventually buyouts by the large banks) of the offchain providers such as Coinbase, etc.. That is the low hanging fruit path of least resistance. To create money from thin air it doesn't need to even control the onchain money because offchain money can be created out-of-thin-air (as Mt.Gox showed), unless we force their hand by moving to decentralized onchain services. Even then, I read that the pools are highly concentrated, so the can regulate and buyout those too. Selective regulation is a tool to force people to sell. For example, I read (but didn't verify) that Obama was using selective enforcement of carbon taxing to put his non-cronies out-of-business in coal electric generation.
If we go all the way down the rabbit hole of potentials, the bottom line is that without anonymity, onchain decentralization, and cpu-only mining with limited pool sizes, then we are vulnerable.
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This will get more interesting when the US governmentunnamed-source shares the identities of the violating Cypatriots from the Mt.Gox heistinvestigation with the Cyprus enforcement authorities.
Who should be scared again?
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The analogy to Bitcoin's serious taint problem fails because most gold owners are anonymous.
It also fails because the percentage of gold that is tracked on a globally coordinated ledger is 0%.
Yes indeed the overzealous continue to be shamed.
Why you guys protest against truth so much. Why not accept reality and leave your delusions behind.
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If the BoE was truly into the NWO / one currency...wouldn't they be on the Euro and not still on the Pound?
If you were tasked with accomplishing something and Margaret Thatcher had blocked you (or whatever the reason the UK didn't join the Euro), does that mean you weren't still tasked with a certain goal. Also isn't it better to make all varied attempts fail in unison to give the appearance that the free market failed, i.e. that central banking is part of the free market, and hide that it was a grand manipulation. Actually I concur that central banking was a natural outcome given there was no solution to the Byzantine Generals problem, but that is a deeper explanation than I feel like making right now. But just because it was natural doesn't exclude that there are vested conspiratorial interests riding and guiding it. By definition of the power vacuum we know there must be vested interests. The only debate is whether these vested interests are piecemeal and were ignorant of coming implosion, or whether they were conspiratorial (coordinating) students of history and knew damn well what they are guiding. I see too much order to accept the former. I mean if I could predict they would discredit themselves, then surely there were some within their Bilderberg and Trilateralist ranks who were smart enough to foresee. I am not naming any names so I have no obligation to prove it in a court-of-law. I try to raise awareness of the potential threat to our freedom. I only hope to influence our actions. I am not after the goal of putting any blame on individuals of such a conspiracy. P.S. the short reply would be that this is just more of the Hegelian dialectic modus operandi of the elite. Meaning they create the good vs. evil mirage, when in fact these are two heads of the same monster. |
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And they were correct until Satoshi invented a solution the Byzantine General's problem with proof-of-work.
 Non sequitur for me. Crypto-currencies are many things but they won't annul the theories and efforts of Marxists (even with proper anonymity, quite the contrary in fact), as they strive for equality (as a result! "From each according to their ability, to each according to their needs") and total(itarian?) transparency. Autonomous actors in an economy is not the same equal actors. There is no force to keep them equal. The reason anonymity is important is because it enables that autonomy to stand up against those vested interests that want to capture the money creation process and use it to aggregate capital. Without that power, smaller capital grows faster than larger capital. Sorry i can't explain this in depth right now. Either that summary makes sense, or it needs to wait for a future time when i can expound. |
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Marxists would usually argue that this kind of "Capitalism (freedom)" actually can't exist. It would always concentrate wealth in the hands of the few, and if the Bourgeoisie had no state to protect their interests and their property, it would create one (which would be a concise summary of history, hence the Marx/Engels theory of Dialectical Materialism, with the Synthesis being the natural and inevitable outcome at some point in the future of society's evolution: the classless society, i.e. (stateless) communism). And they were correct until Satoshi invented a solution the Byzantine General's problem with proof-of-work. But unfortunately without anonymity, that solution won't stand. Btw, I see as I expected the globalists are pitching their NWO solution in the guise of discrediting their nation-state central banking: https://bitcointalk.org/index.php?topic=522050.msg5784742#msg5784742 |
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I've been telling everyone that the plan of the globalists is to destroy the nation-state central banks, and to separate money from the state, by creating a supra-national entity to manage a basket called SDR on which all the nation-state currencies will float against. This discrediting of national central banks is a clever way for the BoE to push for that NWO result while pretending they are helping spread truth for our benefit. http://blog.mpettis.com/2014/03/will-emerging-markets-come-back/#comment-21434Apologies for the triple post, but to give more authority to my prior post I note the Bank of England just admitted it. I do believe by discrediting nation-state central banking (which I've long anticipated was the plan), the BoE will favor a "solution" will be to double-down on top-down control by moving the control up to a higher level and arguing that it is a separation of money and state, wherein we move to a basket SDR on which national currencies will float against. I don't believe this is the correct "solution". I believe the hitech community will speak with technology and not politics on this matter. And I don't mean precisely Bitcoin. Once again folks, the elite always use the method of "create a problem, offer a solution". They pretend they didn't create the problem and that their solution is actually better than the problem. Always the same bullshit. |
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ryanmnercer, mostly I agree with you and I wrote similar style of comment in the first thread about Buffet's recent accusations.
However as a young, idealistic man, please check your enthusiasm with a dose of reality on impacts which would not be readily apparent to you, given the USA has never had the type of economic implosion coming 2016ish. The Great Depression was different because we were a net creditor to the world. You can review my comments on page 6 for more details.
In short, the government is going to lay its heavy hand on crypto-currency and we don't have anonymity to stop them. And we seem to be adopting offchain accounts instead of onchain transfers as you applaud.
P.S. our mothers are similar age, even through I am 20 years older than you.
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