1. Picture a complete freeze in lending, and a lack of access to cash. No one can buy cars or houses. People with no cash on hand couldn't buy anything. Stores can't stock shelves or pay employees. Forget just the banks, every company from GE to local mom and pop shops would be under within a month. Tens of millions would suddenly find themselves out of work. You'd have mass riots in every major city in the nation. If we were lucky, we would be living in a state of martial law.
This entire premise is based on the fact that new players will not enter the space that just appeared. Riots? Martial Law? You have got to be kidding. This reeks of statist fear-mongering. Not even the great depression brought on Martial Law. Unfortunately the situation is very different now in some critical ways which could indeed lead to riots and martial law. At that time the USA was still predominantly a rural and more self-sufficient society. My grandfather was walking around selling potatos during the Great Depression. The Great Depression was caused by the network effects from the First Industrial Revolution which created mass production factories in the Second Industrial Revolution. This bankrupted the cottage industry and socialism in Europe. Which caused 76% of the world's gold to flee to the USA. World War 1, FDR's New Deal, and WW2 were able to keep the people busy and people could survive in the semi-rural ways too. The USA was a net creditor and had much strength in industrial undercapacity and huge resources to apply to the Second Industrial Age. Whereas, the situation we have now is that all nations are bankrupt and have irrelevance to the Knowledge Age. Thus government has no clue how to solve this debt bomb. The only thing the socialism knows how to do at this point is tax and spend. There is no place for capital to run to. The economy is shifting to the Knowledge Age where capital is less important than specific knowledge and small world-changing focused opportunities. So you are going to have a very confused and pissed off society as this accelerates 2016ish. 2. And as for your ridiculous solution, is this something you actually spent more than 2 seconds to think up? Honestly, how long do you think it would take for the government create this plan, to identify these people, and to mail them checks. A few months? A year?
As opposed to giving reward to the stupid and losers? Now that was ridiculous and down right evil. And as for your time frame, there is this tech called a database that Dr Codd nailed for us in 1969. As a real world example, the Australian government gave out $800 dollars to every tax payer directly into their bank account within 3 weeks. It's not hard. It was a perfect Friedman helicopter drop. Minimal implementation cost and only a few dead people wasted it. 3. What money was spent? In the end, the banks paid the money back, so what money could have been "saved" for a better use?
The opportunity costs that the US lost by keeping the dead wood alive is immeasurable. You are currently experiencing a "long slow painful recovery" due to propping up zombie businesses. Worse than that. Central banks have delayed for decades the correction that should have come in the 1970s so that the boomers would have learned to be programmers as the personal computer was born. Instead the debt propped up all sorts of old world economy business that is no longer relevant. So now we will have an abrupt and very painful global adjustment that may even take us into a Dark Age. I detailed this at the following post and downwards in the thread: https://bitcointalk.org/index.php?topic=455141.msg5637503#msg5637503 |
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https://bitcointalk.org/index.php?topic=515414.msg5702933#msg5702933I respect Warrens opinion he doesn't invest in the tech sphere because he doesn't put money in things he does not understand Since he doesn't understand bitcoin he will miss it like the rise of the internet age But for him it does not matter his fortune is from doing what he knows best so I would say to let him be Normally I'd agree with him because he's one of the best investors/economists on the planet but...in this case he just sounds like a rambling senior citizen that doesn't understand the internet and its related technologies.
Indeed the old tangible capital world is going away folks... and Buffet will die just-in-time to fade away with it... I also knew in 1999 that the dot.com crash was coming because I was trying to buy PPC advertising for my CoolPage.com (had million users at that time, roughly 1% of the internet) and what I saw was the ROI on advertising was negative for any profitable business, thus there was massive overinvestment driving the ad prices too high. So when Homepage.com offered me $1 million in stock options to take over CoolPage.com, I declined. I took a couple hundred thousand instead in a non-exclusive license, and reaped another 7 years of sales ongoing. But Buffet missed investing in numerous internet companies that have made others into $billionaires. The model of business he invests in is dying. We are leaving the tangible capital age and entering the knowledge age, wherein you don't need large stored capital to launch a business. For example the 3D printer (which can print itself) will eventually obliterate factories, retail stores, and shipped goods. There are already 3D printers which can print multiple materials on the same object. Also in the past knowledge was captured by industrial stored capital, because one needed physical production and distribution. Stored capital is a claim of future human labor or production. But now for example factories will be automated with robots, so the industrialists will depend on the knowledge workers. The knowledge workers can say "fuck you" to $billions, we don't need it. All that stored capital is becoming useless and won't be able to find a home. It is what you know in your brain that becomes capital. When the $223 trillion global debt bomb (with $1000 trillion in derivatives to hold it up, and another $1000 trillion in unfunded social liabilities promised to the boomers) implodes circa 2016ish as the marginal-utility-of-debt has become negative right about now and the BRICs are starting to collapse (with Europe and Japan to follow by next year and USA in 2016), the all those people who are useless in the Knowledge Age will be unemployable. And those $billionaires will lose their net worth relative to the capital in our brains which will grow orders-of-magnitude in value (what we can produce and buy with our efforts). Oxford U predicts 47% of all existing jobs will be erased by automation within 19 years (20 years from last year when the research was published). Which programming languages do you consider future proof, Anonymint? Obviously people will have their favourites and it depends on the job, I understand that. But I'd like to know your views.
I also listened to your recordings earlier on. Were you cut off at the end? It seemed like there was more to come. But the recording ended abruptly.
Apologies I deleted those recordings from my thread because I was so mentally and physically exhausted yesterday and somewhat incoherent. Also I gave away too many details on my plans. There were two recordings and the second one continued where the first one got chopped off. There was a lot more to explain but I think it is not yet the right timing for me. I am also suffering from exhaustion and need to focus my efforts more. I can't predict which computer language will be most important, but I am nearly certain it won't be C, C++, C#, nor Go. Because their typing systems are inadequate for the level of expression we need to do, and if you don't need strong typing then use Python instead. It will either be (or probably both) a dynamically typed language (i.e. actually statically uni-typed) such as Python or a statically typed language that is not verbose due to its very powerful Higher Kinded typing system such as Scala (hopefully a version 3 that has a first-class union type, which is the main lacking feature of Scala which Ceylon has!) something Ceylon doesn't have. I was working on the latter for my Copute which is intended to be a better Scala and I will come back to that if I can finish my work in the Bitcoin space. Are you a talented programmer? You can PM me. I got into a discussion about languages at the following thread: https://bitcointalk.org/index.php?topic=279771.msg3003835#msg3003835Some where in that thread, I explained why I think Go sucks.
1. Picture a complete freeze in lending, and a lack of access to cash. No one can buy cars or houses. People with no cash on hand couldn't buy anything. Stores can't stock shelves or pay employees. Forget just the banks, every company from GE to local mom and pop shops would be under within a month. Tens of millions would suddenly find themselves out of work. You'd have mass riots in every major city in the nation. If we were lucky, we would be living in a state of martial law.
This entire premise is based on the fact that new players will not enter the space that just appeared. Riots? Martial Law? You have got to be kidding. This reeks of statist fear-mongering. Not even the great depression brought on Martial Law. Unfortunately the situation is very different now in some critical ways which could indeed lead to riots and martial law. At that time the USA was still predominantly a rural and more self-sufficient society. My grandfather was walking around selling potatos during the Great Depression. The Great Depression was caused by the network effects from the First Industrial Revolution which created mass production factories in the Second Industrial Revolution. This bankrupted the cottage industry and socialism in Europe. Which caused 76% of the world's gold to flee to the USA. World War 1, FDR's New Deal, and WW2 were able to keep the people busy and people could survive in the semi-rural ways too. The USA was a net creditor and had much strength in industrial undercapacity and huge resources to apply to the Second Industrial Age. Whereas, the situation we have now is that all nations are bankrupt and have irrelevance to the Knowledge Age. Thus government has no clue how to solve this debt bomb. The only thing the socialism knows how to do at this point is tax and spend. There is no place for capital to run to. The economy is shifting to the Knowledge Age where capital is less important than specific knowledge and small world-changing focused opportunities. So you are going to have a very confused and pissed off society as this accelerates 2016ish. 2. And as for your ridiculous solution, is this something you actually spent more than 2 seconds to think up? Honestly, how long do you think it would take for the government create this plan, to identify these people, and to mail them checks. A few months? A year?
As opposed to giving reward to the stupid and losers? Now that was ridiculous and down right evil. And as for your time frame, there is this tech called a database that Dr Codd nailed for us in 1969. As a real world example, the Australian government gave out $800 dollars to every tax payer directly into their bank account within 3 weeks. It's not hard. It was a perfect Friedman helicopter drop. Minimal implementation cost and only a few dead people wasted it. 3. What money was spent? In the end, the banks paid the money back, so what money could have been "saved" for a better use?
The opportunity costs that the US lost by keeping the dead wood alive is immeasurable. You are currently experiencing a "long slow painful recovery" due to propping up zombie businesses. Worse than that. Central banks have delayed for decades the correction that should have come in the 1970s so that the boomers would have learned to be programmers as the personal computer was born. Instead the debt propped up all sorts of old world economy business that is no longer relevant. So now we will have an abrupt and very painful global adjustment that may even take us into a Dark Age. I detailed this at the following post and downwards in the thread: https://bitcointalk.org/index.php?topic=455141.msg5637503#msg5637503
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Which programming languages do you consider future proof, Anonymint? Obviously people will have their favourites and it depends on the job, I understand that. But I'd like to know your views.
I also listened to your recordings earlier on. Were you cut off at the end? It seemed like there was more to come. But the recording ended abruptly.
Apologies I deleted those recordings from my thread because I was so mentally and physically exhausted yesterday and somewhat incoherent. Also I gave away too many details on my plans. There were two recordings and the second one continued where the first one got chopped off. There was a lot more to explain but I think it is not yet the right timing for me. I am also suffering from exhaustion and need to focus my efforts more. I can't predict which computer language will be most important, but I am nearly certain it won't be C, C++, C#, nor Go. Because their typing systems are inadequate for the level of expression we need to do, and if you don't need strong typing then use Python instead. It will either be (or probably both) a dynamically typed language (i.e. actually statically uni-typed) such as Python or a statically typed language that is not verbose due to its very powerful Higher Kinded typing system such as Scala (hopefully a version 3 that has a first-class union type, which is the main lacking feature of Scala which Ceylon has!) something Ceylon doesn't have. I was working on the latter for my Copute which is intended to be a better Scala and I will come back to that if I can finish my work in the Bitcoin space. Are you a talented programmer? You can PM me. I got into a discussion about languages at the following thread: https://bitcointalk.org/index.php?topic=279771.msg3003835#msg3003835Some where in that thread, I explained why I think Go sucks. |
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I respect Warrens opinion he doesn't invest in the tech sphere because he doesn't put money in things he does not understand Since he doesn't understand bitcoin he will miss it like the rise of the internet age But for him it does not matter his fortune is from doing what he knows best so I would say to let him be Normally I'd agree with him because he's one of the best investors/economists on the planet but...in this case he just sounds like a rambling senior citizen that doesn't understand the internet and its related technologies.
Indeed the old tangible capital world is going away folks... and Buffet will die just-in-time to fade away with it... I also knew in 1999 that the dot.com crash was coming because I was trying to buy PPC advertising for my CoolPage.com (had million users at that time, roughly 1% of the internet) and what I saw was the ROI on advertising was negative for any profitable business, thus there was massive overinvestment driving the ad prices too high. So when Homepage.com offered me $1 million in stock options to take over CoolPage.com, I declined. I took a couple hundred thousand instead in a non-exclusive license, and reaped another 7 years of sales ongoing. But Buffet missed investing in numerous internet companies that have made others into $billionaires. The model of business he invests in is dying. We are leaving the tangible capital age and entering the knowledge age, wherein you don't need large stored capital to launch a business. For example the 3D printer (which can print itself) will eventually obliterate factories, retail stores, and shipped goods. There are already 3D printers which can print multiple materials on the same object. Also in the past knowledge was captured by industrial stored capital, because one needed physical production and distribution. Stored capital is a claim of future human labor or production. But now for example factories will be automated with robots, so the industrialists will depend on the knowledge workers. The knowledge workers can say "fuck you" to $billions, we don't need it. All that stored capital is becoming useless and won't be able to find a home. It is what you know in your brain that becomes capital. When the $223 trillion global debt bomb (with $1000 trillion in derivatives to hold it up, and another $1000 trillion in unfunded social liabilities promised to the boomers) implodes circa 2016ish as the marginal-utility-of-debt has become negative right about now and the BRICs are starting to collapse (with Europe and Japan to follow by next year and USA in 2016), the all those people who are useless in the Knowledge Age will be unemployable. And those $billionaires will lose their net worth relative to the capital in our brains which will grow orders-of-magnitude in value (what we can produce and buy with our efforts). Oxford U predicts 47% of all existing jobs will be erased by automation within 19 years (20 years from last year when the research was published). |
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Thanks MoonShadow. I wanted to say something similar but was too mentally exhausted yesterday. Also there were no citations in that paper.
Zarathustra has some need to believe that. No matter how bad any coming crisis might or might not be, we will not lose the technology that is in our minds. For example I will not forget everything I know about computer science, even if society burns all the books.
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Re: Warren Buffet: "Stay away from Bitcoin"https://bitcointalk.org/index.php?topic=515414.msg5695190#msg56951901. He say consumers and merchants (he was not referring to investors in BTC) don't use it as a unit-of-account nor store-of-value, i.e. don't retain their cash in Bitcoin, and only cash in/out from/to fiat using as a money order. 2. He doesn't think duplicates can be prevented which dilute its value. 3. He doesn't expect a worse economic crash than 2008 in next few years.
Please remember #3, because he will be highly embarrassed on this one. He is wrong. On #1, I have to somewhat agree with him, but we are preparing to change this by making features that a fiat economy can't do. On #2, the network effect will take over much more strongly when the prior sentence is implemented.
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1. He say consumers and merchants (he was not referring to investors in BTC) don't use it as a unit-of-account nor store-of-value, i.e. don't retain their cash in Bitcoin, and only cash in/out from/to fiat using as a money order. 2. He doesn't think duplicates can be prevented which dilute its value. 3. He doesn't expect a worse economic crash than 2008 in next few years.
Please remember #3, because he will be highly embarrassed on this one. He is wrong. On #1, I have to somewhat agree with him, but we are preparing to change this by making features that a fiat economy can't do. On #2, the network effect will take over much more strongly when the prior sentence is implemented. |
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Sleep sheep. Facebook wasn't funded by JP Morgan, Goldman Sachs, etc.. And they aren't actively devising ways to track everything you do, even being able to identify you from your typing patterns. |
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Zarathustra's solution to the power vacuum of collectivism is to tell us to go back to being cavemen.
But what he doesn't acknowledge is cavemen still bludgeoned each other to death with cruder weapons.
Anarchy here in Mindanao during the 1800s was that every person carried 5 or 6 knives. Women were afraid to roam far, as they would be kidnapped and impregnated by the opposing tribes.
My solution which I am busy working on now, is to make it impossible for the collective to tax us (the virtual knowledge workers), because they won't be able to see what we are doing nor know who we are.
My solution is moving forwards towards greater technology and prosperity.
There is no perfect solution, but competition is the name of the game.
And all of us men share to some extent those dreams of just wanting to be left alone so we can live happily, so I am saying to you...
What is your plan to accomplish it?
I have my plan. I am competing.
We are legion. We are not beta-males.
P.S. I will repeat again for those who are sending me private messages. AnonyMint will not be announcing any altcoin, nor will he be telling you which altcoin he likes. It is up to you to figure out which features such a great altcoin will have.
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Warning I am not going to go tit-for-tat with you because I have programming work to do and you are filibustering something very important! So I will just be forced to delete your nonsense. Here is one last attempt to explain to you... You miss the point that marginal productivity is declining as debt load increases,
I don't miss that. I confirm that. It's a debt driven business cycle with the diminishing effect of additional debt, until the point is reached where the effect dives below zero. But if productivity was only debt that we pay back to our masters, then we wouldn't have any sustained rewards. Yet that is not the case as we live better than Kings did. thus your argument that the lasting gains in productivity that we have now come only from debt can't possibly make sense as they would all reverse when the debt defaults come.
Tribute was the first debt. This was the beginning of the compulsion to produce ever growing surpluses for the gluttonous masters and rulers. Anarchist, stateless communities don't produce growing surpluses, because there is simply no need there. You haven't refuted the point I made. You are angry about surpluses for the rich, but it still didn't reverse the permanent gains for the masses in that we live better than Kings did in past centuries. We live longer, less disease, have electricity, refrigeration, internet, combustion engines, etc.. I mean you would have to be an obstinate fool+troll not to admit that! But the fact is that lower middle class people (and even many poor people in the 3rd world countries) live higher quality lives than Kings did a couple of centuries ago.
This is because of technology.
Non-collectivized people in the rain forests live higher quality lives than Kings and Internet-Children. Bullshit. Leave us and go live there then. Why are you on this internet?I tried it. You want to be itchy always? You want to have no refrigeration? You want to spend all your time doing manual labor and very little time to do something productive with your creative brain? I realize most of the debt zombies don't have freedom, but I am my own boss and can do what ever I want every day. This is what technology has afforded me. Because I am a knowledge worker. The knowledge I am producing isn't financed from debt. It is financed from my savings, because programmer allows me to be very productive (when I am not wasting my time debating with you). Now leave the internet now. Do you need an introduction to a native tribe? I am Cherokee. Or I can introduce you to one of several dozens of tribes here in Mindanao. I have friends Matasalog, Banobo, Manobo. I even had a gf Manobo. There are 91 languages here in the Philippines. Malaria, dengue fever, etc.. Come on over... I had dengue fever twice and almost died in 2012. If you continue posting on the internet, you are a hypocrite. The proof is that even people here in the Philippines don't live shivering in a cave without electricity any more. They drive motorcycles, they use chainsaws to cut trees faster.
Here in this dinky subdivision where I am currently staying, they are even building the concrete houses using steel preforms, so they can pour all the walls in one pour.
That is technology! Much improved than laying it hollow block by block just several years ago.
Everyone here has a cell phone and smart phones (computers) are proliferating.
Yes, fully brainwashed by the collectivist parents, masters and rulers. The system is 10'000 years old and anarchy survived at some few territories on this planet only. The jungle is here about 500 meters from me. Come here and I will teach you a lesson. Do you know how dangerous it is in the jungle? You are now banned from this thread. Do not post here again. |
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Armstrong says government is going along with Bitcoin because that is what they want so they can track all the wealth and tax it: http://www.youtube.com/watch?v=-WyGfBsBxW0#t=2700(video should begin playing at 45:00 mins so you can hear the sound bite immediately) How is it different than fiat then? There are many pros and cons that could be made about this. I hope others express their logic. I will simply say I am grateful Bitcoin exists, otherwise it would be nearly impossible to launch altcoins within the ecosystem that attempt to improve upon the situation at hand. In short, I think Bitcoin is more than what the government thinks it is. Psst. Don't tell them. Don't wake up Goliath too soon.  |
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Zarathustra,
You miss the point that marginal productivity is declining as debt load increases, thus your argument that the lasting gains in productivity that we have now come only from debt can't possibly make sense as they would all reverse when the debt defaults come.
2016 won't be the first global debt collapse in history. Happens over and over in history.
But the fact is that lower middle class people (and even many poor people in the 3rd world countries) live higher quality lives than Kings did a couple of centuries ago.
This is because of technology.
It is true that the capitalist+socialist system drains most of the wealth back to the capitalists, but the fact is the remaining portion which is the technology, they can't take it away from us.
The proof is that even people here in the Philippines don't live shivering in a cave without electricity any more. They drive motorcycles, they use chainsaws to cut trees faster.
Here in this dinky subdivision where I am currently staying, they are even building the concrete houses using steel preforms, so they can pour all the walls in one pour.
That is technology! Much improved than laying it hollow block by block just several years ago.
Everyone here has a cell phone and smart phones (computers) are proliferating.
Etc, etc, etc..
Please take your Malthusian foolishness to some other thread.
You are wasting my time.
P.S. Up to now, there is has been no way to separate capitalist+socialist system. But if we can stop taxation with anonymity, then we can remove the power vacuum that forces those two things to meld. That is one of the main motivations of my points about anonymity, but not the only point. Note we will never eliminate all taxes. This is about keeping the government out of the knowledge age realm and let them tax the physical economy, so the capitalists get their world and we (hitech workers) get our world. So the collapsing government won't tax and confiscate us into a Dark Age. And also so capitalists can't just capture the taxation power again to leech on all of us. Note I am not against capitalists. What I am against is when capital gets so large it can only grow by corrupting the government. We need to recycle that capital back to the entrepreneurs and smaller capitalists continously (but gradually). This is what the perpetual debasement of an altcoin is all about.
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I've unlocked the thread, as a moderator replied to me and I assume explained to him that you can't filibuster self-moderated threads.
I will allow him to post if he makes any new points.
I am not censoring his points. But I will not let him repeat them over and over again ad nauseum.
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Productivity increase and output increase is the result of tax/tribute and its derivative: the debt/interest.
Moderators, must we be forced to have my thread inundated with such incredulous nonsense?!!?    If he actually bothered to look at the marginal increase in GDP for each $dollar of debt added, he would see it is declining. Thus mathematically, he is factually incorrect!   Unfortunately Zarathustra is filibustering this thread. That means every time I delete his post, he reposts it. Thus I have no moderation power if I don't reload the page continuously. I have emailed the moderators about this and asked if they can ban him from posting in the thread. If they can't, then I won't be able to leave the thread open for others to post. The reason I am deleting his post, is he repeats the exact same points he has made in the prior several posts, without addressing any of the points that have been made against him. He is simply trolling (and I rarely use that word, search my archives) in the most aggressive and abusive way in that he purposely intends to either consume all my precious time or cause everyone to lose their ability to post in this thread. |
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powers-that-be
Was not aware that this guy ended in prison for some time, wow... Summary: A link to open source software would be nice but given Armstrong's alleged history, that's unlikely to happen. Alleged ? Come come Blah Blah - the man was convicted in a court of law  . You are too lazy to learn what really happened. Such as being held in jail for 7 years on a contempt charge by the Kangeroo courts because he had information that the banksters wanted and he would not give it to them, so they fabricated bogus charges and refused to allow him to present evidence at the trial. He eventually did a plea deal, so he could get out of prison, but this was no admission of guilt. Armstrong has covered this in great detail in his writings on his blog... ... ...Your A.I. model wouldn't have sufficient training data. Armstrong spent and collected $10s of millions of data from archaeology, sending researchers to newspaper archives all over the world, etc.. At least $100 million would be required to recreate his model, and also there are things he discovered along the way such as the 4th dimensional wave structure... He has written about all of this on his blog over the past year. |
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Armstrong says government is going along with Bitcoin because that is what they want so they can track all the wealth and tax it: http://www.youtube.com/watch?v=-WyGfBsBxW0#t=2700(video should begin playing at 45:00 mins so you can hear the sound bite immediately) |
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Btw, I have tried living like that here in the Philippines (where that photo was probably taken) and trust me, you don't want that "prosperity". Gains in prosperity are not a zero-sum game. We can produce more energy. There is no limit. The Second Law of Thermodynamics assures us that entropy trends to maximum. Even Einstein said that law is fundamental. Anarchy is not only people living in the jungle like rabbits. It is also the decentralized internet. You conflate poverty with decentralization. There is always a mix of top-down and bottom-up organization in society. It is when this balance skews too far to top-down that socialism is peaking in a big heap of debt and corruption. I know you would really like a Dark Age, but sorry you won't get one inspite of the fact that the collectivism has f8cked everything up pretty severely this time around. The reason is because the internet is too powerful as a knowledge liberating tool. And I am particularly adept at seeing what needs to be done now. The at-home 3D printing revolution will mean we can be self-sufficient and autonomous and void the 'aliens' leeches with their large capital and factories. The 3D printer can even print itself! That is the last post I will allow from you that repeats the nonsense that all progress came from collectivism. In fact, all progress came from individual discoveries! You don't even understand the basic definition of knowledge: https://bitcointalk.org/index.php?topic=355212.msg3829608#msg3829608https://bitcointalk.org/index.php?topic=355212.msg3804181#msg3804181https://bitcointalk.org/index.php?topic=355212.msg3831144#msg3831144https://bitcointalk.org/index.php?topic=355212.msg3804256#msg3804256Take the time to read those link posts above otherwise don't bother to reply. Communication and network effects are not collectivism. Collectivism is making promises to each other and binding each other in futures contracts. This is slavery, because nobody can predict every micro-event in the future. The futures contracts prevent the local annealing that optimizes the economy. I first learned this concept from Jason Hommel. Ignoring the Biblical points, you can still find the mathematical wisdom of his point: http://silverstockreport.com/2009/greenspan-misapplied.htmlhttp://www.silverstockreport.com/essays/Freedom_from_Usury.htmlI expound on the fact that only maximization of degrees-of-freedom, thus optimal fitness, via local real-time annealing is what creates prosperity: https://bitcointalk.org/index.php?topic=355212.msg4576810#msg4576810collectivism = promises = futures contracts = slavery = boom&bust You can find that theme throughout my archives. Whereas collectivism stomps on and tries to prevent fitness and prosperity. Re-read my prior post, I added to it. |
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Now, whether or not what we have can rightly be called capitalism is another question entirely.
On that point, see this: https://bitcointalk.org/index.php?topic=495527.msg5656763#msg5656763
Zarathustra is conflating the ill effects of debt and tangible capital (which is actually inertia and liability, not assets) with the gains in prosperity that all arise from technology and human ingenuity. His assertion (I deleted the nonsense post) that knowledge can't prosper in a decentralized society (a.k.a. anarchy) is unfathomably incorrect. It is so incorrect, that he should not be included in the discussion here, because it is just noise which buries the important discussion in this thread. I've told him by private message that if he can make comments without making a long quotation of the prior post, then I will allow his comments if they don't just repeat the same nonsense without any sufficient citation or factual backup. I don't want to bury this thread in nonsense. If he feels that is censorship, then fine he can create his own thread. I rarely have to delete posts, but he goes on and on and on with the same nonsense asserting there can be no sharing of knowledge and no network effects once we have decentralization. His thinking is the antithesis of everything the internet has done and brought to us. He is correct that the complexity of the power vacuum of socialism is collapsing. But his mistake is conflating that collapse with the rise of decentralization, which is actually a knowledge networking effects phenomenon. If you get that wrong, you've got everything wrong. It is that important. P.S. my personal apology to him for being forced to delete his nonsense posts. It is not personal. I am just keeping the thread signal-to-noise ratio high. I have allowed silly posts of others to remain, because they didn't go on and on and on post after post. |
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You entirely don't understand knowledge production. This causes you to conflate and confuse everything. I don't need debt to program the computer, generate knowledge and increase productivity. I don't need a constantly growing tangible capital with its debt base to perpetually increase knowledge. You are conflating the effects of tangible limitations and knowledge production. Welcome to the virtual reality of knowledge and the internet. Perhaps you've been asleep under a rock for the past 15 years. Start your education here: https://bitcointalk.org/index.php?topic=355212.0 (Economic Devastation thread) Don't post any more nonsense in this thread. Go refute in the thread linked above which is not moderated by me. Readers can go there to view more of your nonsense. |
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