So far I have seen, 3D printed with plastic, purses, shoes, dresses (it used plastic to print, but printed material like chain mail armor), an entire table (made of over 200 printed parts glued together), and humanoid robot made of many moving components.

"Every day, people voluntarily surrender personal and seemingly-private information to trans-national corporations, which exploit that data for profit. Few think twice about it, even though it is far more intrusive that bulk telephony metadata collection."

Corporations do not make things illegal, and do not put people in jail. Big difference. Corporations also care about what customers think. Government agencies do not, since they are not elected. I am wondering if Anonymous, or some group similar, has already dox'ed all of the information of that judge. If not, I hope they do. It would be good for him to see why privacy is important.

We are truly sorry to see him go. Unfortunately, old age is not something we have conquered yet.

That is something to be aware of. But for use, I can spend it on projects I am interested in, instead of on wealthy lifestyle. Many things out there much more important than fancy living.

Maybe you will load your car with bitcoin, and it will pay mBTC0.00001 per mile traveled, with some roads charging 0.00002 or more.

I would like to own hydrogen dirigible some day. Hydrogen can lift much better than other gases, and can be "recharged" with solar panel and water. Even if speed is much slower than highway, you can go direct, and can still get to destination as fast. One place I go to is 1.5 hours driving, but is only 30 minutes if flying at same speed. I will be ok it taking 1 hour at half speed.

As I am catching up. I come to another question. If currency amount is stable, then inflation and deflation (in currency value) will mainly be function of growth of total economy, no? As economy grows, more goods chase less money, so money goes up in value. If true, does this not mean that if there is too much deflation, it is because economy is growing fast, and if deflation makes businesses fail and jobs go away, then economy will slow down, and so will deflation?

I am wondering who is really entrepreneur in our economy, people with good ideas, or banks? It is banks with money who give loans who do all investing, not entrepreneurs. So I am wondering why banks, or in deflationary, savers with lots of money, can not themselves be entrepreneurs. This is like difference in customers borrowing to spend versus saving to spend.

Inflationary (pay = pay for loan)

buy --- buy --- buy --- buy --- buy --- buy
        pay --- pay --- pay --- pay --- pay


Deflationary (pay = put money into saving)

        buy --- buy --- buy --- buy --- buy
pay --- pay --- pay --- pay --- pay --- pay


At beginning there is difference, but after it is same buy and pay.

I want to know,
right now, business B buys product from business C, and promises to pay back business C in 30 days. Then business B sells product to business A, and A promises to pay back business B in 30 days.

So we have product front loaded, and money settled at end of 30 days

Why can it not be in other direction?
Business B pays business C, C promises to deliver product within some days. Business A pays business B, business B promises to deliver product to business A within some days.

I know there is argument that business A, which sells directly to customers, does not need to have money first, and can make money from customers, but this means that business B is investing (speculating) in business A success, and business C, and all before it, have to invest in business A too. Also, first money from product has to come from somewhere, since business C can not just make product from nothing. So really this chain is
Bank (where money is borrowed) -> Business C (uses money to make product) -> Business B -> Business A -> Customers
then 30 days later, money goes from customers to A to B to C to bank.
If this was in other direction, money would be saved or borrowed by A, which would buy from B, then B would buy from C, and B and C are not investing or speculating. They have money, and A, which is selling to customers, is only one doing the borrowing or saving.

Sorry if this is hard to read. I hope you understand. Can you tell me why this won't work, or will work but is worse?

If argument is that in deflation, people will wait to spend, then why would people not wait to spend if they know tomorrow they can buy newer more efficient technology? Is there difference between waiting to buy because of new more efficient technology, and waiting to buy because of falling prices? Your statement implies lower price is bigger incentive to wait than new more efficient technology.

I have lots of bitcoins. Your claim that when price reaches desired level, those who have lots of bitcoins will sell for fiat, is wrong. If you have maybe few thousand dollars, and are just speculating, then yes, you can sell for fiat. But if you have hundreds of thousands, or millions of dollars of bitcoins, selling means paying taxes, and telling other people that you have so much money. It also means having your money stuck in a bank some where. At some point, it just becomes impossible to sell it all, because you can not live buying expensive cars and houses every week without being noticed. So you have to keep bitcoins in bitcoins, and only sell whatever needed to live, and maybe use some to invest in various projects.

Greed v.s. Cooperation. Are you saying you are amusing?
Why can't greed have cooperation? It could be many people cooperating to make lots of money. Like in large companies.

fify

I am also sorry, I did not say you were wrong that 50% of their revenues come from extortion. Just that I do not know your sources. I believe much of their revenue also comes from grey market business, such as manufacturing things in workshops. I was only pointing out that this extortion is not large part of profit for businesses that they extort, and even if such service is technically considered illegal by law, it still provides services we have to pay for (and are forced to pay for), but at maybe cheaper rate.

In this case there is no such pump. Winkelvoss were not why bitcoin price went up. They just made good decision at good time, and everyone else made price go up. They seem to understand why bitcoin is important, and why price will keep going up, and it would be against their self interests to dump what they believe in.

Right. Now they just kill without courts or sentences. It is all just accidents caused by poisons or radiation.

This will be interesting to follow as time progresses. Am I to understand correctly that timing of vertical of S curve is correct based on fitting to prior history, and only part under question is whether it will level off at $1 million, or above/below?

This is not dumping. They will not be selling their bitcoins, they will be selling securities. They will still hold all bitcoins that they bought, but will simply allow others to invest in those bitcoins too.
To explain more specifically:
If they have many bitcoins, and sell them on market, these bitcoins will fill sell orders and will cause prices to fall. This is true. But they are not selling bitcoins directly on market, they are offering bitcoin backed securities at current price of bitcoins on market. So only possible market action is for people to buy "bitcoins" in form of these securities, and either keep the price same, or cause it to go up, depending on how they treat their system. If not many people buy these securities, they do not have to lower price to sell them off as quickly as possible, as they would if they were dumping bitcoins on exchange market. They already have bitcoins, and believe they will rise in value, so can earn income from that. They know that people will want to buy their product, and can wait patiently for those people to do so. And they can already make extra money on fees they will charge of those people who invested already.

At least this is how I understand their plan.

I do not know who said such stupid things, but they are completely foolish and untrue. Chinese government is totalitarian, but they are afraid of political unrest, too, and to avoid it must keep unemployment as low as possible. To do this thing, they must make exports as cheap as possible, and thus have as many people work at factories as possible, which means they have to keep their currency as cheap as possible. If Chinese government allowed for such things as stated above, price of Chinese labor and exports will go up, unemployment will go up, and people with power in government may have to deal with popular revolution. Again. They fear this, and will not let it happen.

I know some muslims in person who also buy bitcoin. They see no problem with it. But they do not live in middle east. As for rest of islam, in islamic middle eastern countries, I would not waste much time on them. Their level of technology is very low, and their culture is similar to what rest of world was like during dark ages. Even their banking without interest is stupid, since they avoid breaking the interest law by charging a "fee" to take out a loan. This "fee" that is paid up front just happens to be exactly amount that normal borrowers would pay in interest. They are just lying to themselves to fit themselves into very rigid, and I think stupid, world view.
Once they stop spending so much time on allah, and start spending time on economy, and scientific and technological development, then maybe we can welcome them to 19th or 20th century. But I fear that will not happen until they all run out of oil, which is what is allowing them such luxury of doing nothing but worshiping allah.

There is not so many minimum wage jobs available to begin with, so i do not think the illegals will make a difference. Instead of millions of people who can not get a minimum wage job, you will just have tens of millions who can not get a minimum wage job. Not much difference, and illegals already know this. That is probably why they are not coming to America any more.

That said, arbitrary government borders do not make sense and are stupid inventions.