Oil prices now are due to both inflation and other factors.

The demand for oil is ever growing. more countries will need more oil as they become industrialized.

Population is still growing, although i think it has started to level off. (as an aside, it should be noted that fossil fuels are the only reason we were able to exceed way more than a billion world population. When it runs out, will this be sustainable? this graph [x] looks like a rockets trajectory, except i fear its landing will be like a parachute inflated when it begins to fall.)

More uses for oil

speculation and other fake/artificial (BS like speculation and silly "trying to make a quick profit by aggressively managing portfolios".) market interference. I am a big supporter of making things more simple, as complex systems almost never work out for long.

War. The military uses a "shitload" of oil. It also makes you less friendly with other countries, and in turn tariffs and such will go up against you.

just a small list, although there are likely a lot of other reasons.

I would like to thank you guys for all the wonderful (or informative, however you like to phrase it) information about the modern day PRC.

China is only an industrial super power because they keep their currency fixed. I have heard that the PRC is starting to see some inflation, although i do not have hard facts. But i do know, the moment they stop fixing the the RMB, the industrial base will not be able to be sustained.

I have no idea how regular PRC citizens think of their government as of now, but it could be possible that some citizens could see what they are doing and use bitcoin as protection against inflation. Although gold would be better suited for this, but i have no idea what the laws on gold are in PRC.

1: i have many accounts with the same username
2: a browsers password file is prone to being stolen and some websites do not play well with password managers built into browsers.

Here is my question. Why was it ever a good idea to be running a site like this where someone else has access to your machine? These types of operations should be run from locked up racks.

What about the jobs lost moving the money around? What about the companies that loose money because they no longer sell armored trucks? I don't really think you gain as much as you say. There no doubt would be some gain, but most of the "gain" is really just moved from somewhere else. You only need to move money around as fast as product is made. anything faster is just convenience for the most part (there is some marginal benefit, but i am not seeing anything as big as you describe.).

This kinda thing does not have much power(just 1 password?). what would be useful would be a plugin on keepass that sends the keystrokes over usb. this could be the raspberry pi, a laptop or a desktop or whatever.

bitcoin is neither currency or a commodity. it is simply a construct created by a system where proof of work is associated with numbers that are assigned to asymmetric keys. It is nothing more than a number assigned to a key that you created, which in turn is nothing more than random "data" given meaning by another system called cryptography. This is different in that given one of the smallest chances possible to be had, you could just steal every coin ever made. Although that is a very very very x10^100^100 small chance(perhaps not that big/small, but you get the idea).

it also does not matter if it is currency or a commodity. it is exchanged or given for other "stuff". a name is only intended to give it legal ground, and for my purposes, i frankly don't give a fuck, and neither should anyone else that lives in the real world, or wants to live in a free and more fair and just world. And in reality, the only reason we have this overly bloated legal system is so that it is impossible to live lawfully and to ensure that already established corporations can continue to exist.

And stolen coins are not "stolen", they were "donated" (sometimes involuntarily). It was always your choice to have them open and accessible to others on the internet. If you did not know that going in, im sorry but you are in idiot. In fact, you should ALWAYS expect to have all your coins taken at almost all times. Just not as much if you keep them offline. if you do not want your coins stolen, don't give them to other people to keep for you(or even to just hold), that's a fools game. What if your precious online wallet service got attacked by an employee and emptied all the online coins and a large chunk of the cold storage?(just for kicks, they destroyed them, because i doubt you could really get away with it, given proper security procedures, and you never know if they even have any)

It has been awhile since i was last active on this forum, and it has just fallen to utter idiocy. People actually support keeping coins in the hands of larger companies, where in fact that is where they are the least secure if you are technically competent to keep several backups on several different offline medias. bitcoin is broken if one day it is impossible to run a node yourself. Because the minute i am forced to keep coins in an online wallet, ill just stop using bitcoin and use cash.

Well that's my rant, take it with a grain of salt.

that undermines the whole idea of bitcoin. it adds centralization and lowers security.

And if a pc will not able able to use the client because of the size of the blockchain, that could be an indication that the current system still has some improvements to be made. And i know these improvements will never be made because of the sheer amount of moaning and groaning people would do because all their fortunes would be useless. and what i am suggesting is checkpoint blocks(all coins associated with all accounts are listed out, so no previous blocks would be required. then when you need to reinstall the client, it would come with the most recent checkpoint block).

Over all i have given up on bitcoin, development as essentially stopped, and there are no forks that implement any features beyond playing with block times and the max amount of coins possible. and if a newer and better implementation comes along, i don't want to be stuck with worthless bitcoins. Although it does work great for sending money through the internet  .

options>security copy key

I have added everyone up to this point in the thread.

Now that you are considering/planing to work on this semi full time, how likely is an arm version for the raspberry pi for offline signing (I can't begin to express how perfect it is for this application).

Some other cool features would be making the full client act as a kind of server or something that light devices could connect to. obviously you would generate asymmetric keys ahead of time to make sure it is all nice and secure.

Overall this looks very promising, and great work.

i just now realized that i need to start stock piling semi automatic weapons and munitions... never know who will show up at your door...

hint: dont use huge massive exchanges. trade locally or invent new ways to do it like Craigs list.

This idea is ridiculous beyond any other idea imaginable, first the oh so "scientific" metric system? Now you want us to spell words wrong?!? We will NEVER bend to you Europeans will, no matter how much better your ways of measuring things are.

will this client ever get arm support? i ask because i want to buy a raspberry pi, and that runs arm.

id encourage everyone to watch "inside north korea" to see what kind of shit this guy really is. before we were scared of their potential nuclear power, now we are in uncharted territory, id encourage everyone that reads this message to just be prepared.

i wont go into why i think bitcoin should not be the worlds currency as it is now, but i dont think the current money management system is the sole problem.

the disparity of wealth makes people frustrated and angry, "why does he have so much and we have so little, yet we expend 3x more energy to get less than him?." if this becomes too unbalanced things like russia form, where the current gov collapses and certain characters find their way into office. this is almost never good. and taking another persons wealth is almost never the long term solution.

i advocate worker cooperatives and decentralization, as seen in Capitalism: A Love Story (really the only good part in the movie, a lot of the rest of it is rubbish). i like it because it incorporates socialism and "laissez-faire" into one. its not complete socialism because companies are privately owned by the workers, and it is laissez-faire because the government should have little to do with it once its set up (government involvement is almost required to get it started big). it should be encouraged by government through cheap loans and low taxes at first. once success is verified, people will see how great it is and do it willingly. a final note, not everyone in the cooperatives would get exactly equal pay and power inside the company would not be exactly equal. however it should not be extreme, say no more than 200% than the average and no less than 25% than the average. so if the average employee salary was about 50k, then the highest paid employees would make no more than 100k and no less than 37k. of course this is extremely generalized and there is a lot not mentioned. but one way a worker could make a lot more money would be if for example that worker worked twice as many hours or had more units of output than another worker. this would not scale exactly, but it should also be about a little less than 1:1, close to 8-9:1, more than enough reward, and it has the very small effect of benefiting everyone else inside the cooperative.


i would suggest again worker cooperatives, and splitting populations into smaller more spread out groups. additionally "sharing" does not work. i believe in working for what you get and getting paid for how much you worked, and the current system does not do that. some people get paid a lot for little work, some get paid little for a lot of work, and some get paid for doing nothing.

and you bring up a very interesting thought, medical care. i would suggest this video. it illustrates indirectly the idea of a lack of competition in the medical field. and usually competition brings down prices, and according to the video, there is very little because "somebody else pays". im not saying there should be no insurance, but i definitely think insurance should not cover silly things like flu shots, useless and socially controversial procedures. useless would be things like cosmetic surgery (besides birth defects and accidental injuries like burns and such). socially controversial would be things like sex changes and abortions. at heart medical insurance should be just that, insurance that if/when you do get majorly hurt or sick, you will be covered, not for an ER trip for the sniffles.

people are used to things like cash, and its an extremely bad idea to let anyone else have any access to your coins, so what the solution is, is a small device about the shape of a standard credit card and no thicker than 1cm, preferably around or less than 5mm.

that solves the problem of people loosing their money from hacks and exploits.

a fix to the problem of corporations would be to never store capital jointly. for example walmart. when you buy something, the bitcoins are sent to a temporary "bin". at the end of the day the bin is split up and everyone is paid, so at most, the most that can be lost is 1 day of operation. and i don't think anyone will want to loose their job over that small of an amount of money.

i have no idea how credit and debt would work.  it could be attached to taxes somehow i guess. but then you could get sent to jail for being poor, although you should not finance debt you cant pay for (you know who you are *cough* us gov *cough*)

its open source, go on ahead and start a pull request