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2241  Other / Politics & Society / Re: Is a Madmax outcome coming before 2020? Thus do we need anonymity? on: January 10, 2014, 12:56:51 AM

Considering that (at least according to you) I have been stalking your every post, I haven't seen you propose how to eliminate or counter it yet (yes, I'm aware of this power vacuum, too, and have my own ideas)


Anonymint proposed counter is the creation of a truly anonymous cryptocurrency that cannot be taxed or tracked by governments. Over time people would flock to such a currency to avoid the ever increasing taxes that are going to occur over the next decade or two.

It's an ambitious agenda. I am interested to see what he comes up with
2242  Economy / Economics / Re: Economic Devastation on: January 09, 2014, 12:26:38 AM
http://armstrongeconomics.com/2013/03/27/are-we-head-to-a-mad-max-scenario/
(Armstrong spent $20 million on research to construct the silver chart on that linked page above)

This chart is very interesting. Never seen it before. Basically it says that everything started go very badly for Rome back in 241 and it was pretty much all down hill from there.

Any Roman history buffs out there? I thought Rome fell to barbarians around 400AD. What was going on in  241 AD?


Edit: minor-transgression posted an excellent Summary of Roman History that describes in detail the gradual decline of its currency.

2243  Economy / Economics / Re: Economic Devastation on: December 06, 2013, 02:12:47 AM
CoinCube I appreciate your appreciation, but I would rather you had not tried to promote my highly obtuse articles. This audience is not yet ready.

Not most of them no. But I am sure a few are.

Thanks for posting all of that supplementary info above. Good stuff there I am going to have to work my way through it this weekend.

Your work stands on its own merits. If a majority don't understand so be it. As the saying goes you can lead a horse to water but you cant make him drink. To be honest I am happy just to get a large number of people to read them. The audience will never be ready.

P.S. When you have time consider publishing you thesis in a formal journal.
It is my opinion that this idea ranks on par with the invisible hand in terms of importance



2244  Economy / Economics / Re: Economic Devastation on: December 05, 2013, 02:26:30 AM
Meh.. He seems to try to skim the cream off 100+ different fields of study, attempting to make connections between various scientific curiosities and real-world events. While a lot of it seems kind-of coherent, I noticed (while lightly reading/skimming) :

He is and in my opinion does so successfully.
If he is correct (and I believe he is) this is the equivalent of someone in 1927 claiming that the economy was
going to collapse soon. Easy to disregard (lots of good times in 1928) but very important to think about before dismissing

He defines knowledge here
Information is Alive
2245  Economy / Economics / Re: The Coming Global Wealth Tax on: December 05, 2013, 02:03:05 AM
There is already a global wealth tax, its called inflation.



Yes but that's no longer enough. Expect much more of this in the near future. After all how can you argue you should not contribute and have most of what you own taken help your government fix the economic crisis.
2246  Economy / Economics / Re: Economic Devastation on: December 05, 2013, 01:39:17 AM
Hmm... I skimmed because I agree with a lot of the beginning so I am clearly missing something 

Nothing you said is wrong but you are missing the overall thrust of the argument.
2247  Economy / Economics / Re: Economic Devastation on: December 05, 2013, 01:27:15 AM
Could the counterargument be that capital seeking collectivism (i.e. not open source collectivism) requires capital to be immobile and easy to seize, and that we now have systems to keep capital extremely mobile and difficult to seize? I.e. used to be that to have a lot of capital, you either stored it in a bank or property, both of which are difficult to move and easy to seize, while now we can store a lot of capital in digital currencies, and those who own it can't simply have it taken from them, and can easily move around the world undetected if they need to.

But this is not a counterargument. All collectivism requires is that capital be seizable by force.

If large amounts of capital becomes hidden and mobile it may avoid being seized. This will result in collectivism starving at a faster rate (requiring it to consume more of the resources it can sieze) then it would otherwise do. In effect this will accelerate the crisis not avoid it.
2248  Economy / Economics / Re: Economic Devastation on: December 04, 2013, 08:51:40 PM
I documented in the thread from which those quotes originate. You can click the link on a quote to go to thread (and post) where it comes from.

Specifically a recent Oxford study predicts 45% of all existing jobs will be lost to automation by 2033. This confirms we are in a period of radical technological unemployment. This appears to happen every 78 years. The difference is this time we are all tied together in socialism by central banks. You can re-read my quotes from the prior post to weigh the gravity of this thud of a realization.
If you are arguing that automation will lead to long-term unemployment, I think you are wrong.  Authors have written extensively on this subject since the 1900s (and perhaps earlier).  Many were worried that machines would replace men.  What we have seen is that automation simply results in higher efficiency and unforseen job opportunities on the automation side.  This seems obvious to me, so you must be arguing something else despite what I'm reading here.

He is arguing something else. He is arguing that collectivism is nearing the point where it causes general economic collapse. Furthermore he is arguing that when such a collapse occurs the populace will demand yet more collectivism in tragic feedback loop.
2249  Economy / Economics / Re: Economic Devastation on: December 04, 2013, 08:35:17 PM

I am asserting that storing money won't be as valuable an activity any more, because top-down money can't buy knowledge. Unlike manual labor, knowledge is not fungible from person-to-person, thus it can't be bought. It spawns from accretive, bottom-up activity.

http://unheresy.com/Information%20Is%20Alive.html#Thought_Isn't_Fungible

This is actually one of your papers, and conclusions, I have a serious issue with. In short, though, to come to the conclusion you propose one would have to assume that all knowledge is priceless, or that all knowledge is worth the same. That's patently false, as the knowledge for how to to brain surgery is vastly more difficult to obtain (even with free information available on the internet) than the knowledge of how to, say, fix a computer, and thus necessarily would demand more reward for applying it. So, I'm fairly confident that someone with low level knowledge skills would still like to convert his knowledge into capital and save it over time, to be able to afford the knowledge skills of someone else who may have more, or even just different, knowledge from them.


This is not quite correct. You do not have to assume that knowledge is priceless or that all knowledge is worth the same.

The argument is that knowledge as a % of overall economic activity is growing and will continue to grow this gives us some hope of eventually breaking out of the economic death spiral that we are currently in.
2250  Economy / Economics / Re: Economic Devastation on: December 04, 2013, 06:49:12 PM
Too many long words. Any chance of a summary?

Sadly the links above are a summary. That's why we are so screwed. The problem is sufficiently complex and subtle that society as a whole and most individuals will never understand it.  

Essentially society is trapped in a cycle of ever increasing economic inefficiency. Our collective lack of understanding of the fundamental cause will result in attempted "fixes" that will worsen the underlying problem. The end result is economic collapse. The world will not end but we are facing something that is likely to exceed the Great Depression.

To understand why, and why society cannot avoid it (although individuals can) you have to understand the linked works. It's not an easy read.



2251  Economy / Economics / Re: The Coming Global Wealth Tax on: December 04, 2013, 01:02:19 PM
This is just the beginning. (See my post titled Economic Devastation)

If you have ever read Asimov's foundation trilogy we are like the happily oblivious capital of the empire. Bad bad times are ahead.
2252  Economy / Economics / Re: Transactions Withholding Attack on: December 03, 2013, 07:08:30 AM
Why do you think they are bullshit? I read them multiple times and I came to the opposite conclusion.

I can't speak for MoonShadow, but for me they seemed like a combination of "difficult to digest" with "mediocre conclusions." Once I managed to process what his words were trying to say, the thing he was actually saying wasn't all that impressive.

I would advise reading it again (the posts on economics) since we are talking about IQ in this thread I was a Mensa member for 3 years before letting my membership expire. Despite that I think I had to read them both four or five times. I absolutely agree that they are very Difficult to digest.

I think much of the anger directed at AnonyMint is because he is challenging something people cherish Bitcoin.
Honestly, however, nothing any of us say or do in this forum will change what happens with bitcoin. Bitcoin will succeed or fail based on its merits.

The only impact this forum has is to help us few individuals who bother to read it make wise choices.
2253  Economy / Economics / Re: Transactions Withholding Attack on: December 03, 2013, 06:15:13 AM
I don't deny that he is smart, but he is still out of his depth here.  Really, no one cares what his credentials might be, true or false, only his arguments matter here.  So far, I find his arguments sorely lacking in substance or merit.  His economic writings are bullshit.

Why do you think they are bullshit? I read them multiple times and I came to the opposite conclusion.

Seems to me that he is not out of his league at all in fact I think he is holding his own rather well.

2254  Economy / Economics / Re: Transactions Withholding Attack on: December 03, 2013, 05:16:09 AM
Honestly, no one really gives a shit, Anonymint.

I do.

I judge AnonyMints intellect not by the above post because as they say talk is cheep but by the quality of his work. His economic writings are profound. (See my post titled Economic Devastation)

There is no denying he is one smart dude.
2255  Economy / Economics / Economic Devastation on: December 02, 2013, 11:08:59 PM
You will probably need a week or two of studying the thread slowly.

I will be the first to admit I needed a week or two to fully absorb the following works of AnonyMint.

The Rise of Knowledge
Understand Everything Fundamentally

Together these are quite simply the most insightful piece of economic theory I have ever read.

If the author is right and I think he is we are all in the midst of a tragedy of epic proportions.  It is sad unstoppable and will devastate the lives of much of humanity.
2256  Economy / Economics / Re: Ideas for more efficient distribution of money? on: December 01, 2013, 04:45:41 AM

The government is phasing out cash, as I covered in my prior post.

Now whether anonymity will work reliably and whether the coin can't be shutdown by filtering at the routers controlled by the major governments is technical discussion that will have to wait until the details of such a coin are known.

It will have to be very technically robust to survive. Government will be looking for scapegoats to blame the debt collapse on.
Anonymous cryptocurrency is sure to be a target.

Devil is in the details. You should not accept a package without opening it to inspect the contents.

Fair enough consider my conversion a statement of intent rather then a binding contract.


2257  Economy / Economics / Re: Ideas for more efficient distribution of money? on: December 01, 2013, 04:25:23 AM
CoinCube to the extent that needs to be the case, the collective/government can get funding from the physical economy that can't be anonymous.

I see some ying and yang balance ahead. It will sort itself out. There are no absolutes in the universe.

Fair enough. Surprisingly I find myself converted.
Lead on AnonyMint I will follow you into the new world order  Cheesy

2258  Economy / Economics / Re: Ideas for more efficient distribution of money? on: December 01, 2013, 04:10:11 AM
My effort is targeted at the new virtual economy I see coming, wherein a recent Oxford study predicts 45% of all existing jobs will be replaced with computerization automation by 2033 (the year Martin Armstrong's Pi model and thus I expect the sovereign debt crisis to have ended).

I see we the hitech knowledge workers taking over the world over the next 20 years. That is sufficient time to ramp up the new currency.

So let the government and the masses have their old world economy. They will have plenty of time to fade away slowly and/or adjust and migrate to the new economy.

Government can become privatized. We don't need government for anything, not for roads, not for schools, nothing. I am a minanarchist.

Give me an example of something we need government for and I will explain why I think it can be done better by private enterprise and competition.

Impaler pointed out that the masses conflate the free market with the failure that the masses causes on themselves with hard money and government. The free market is not the problem, rather it is the solution.

Edit: see the new flying car that already has a working prototype.

From Wikipedia
Minarchism (also known as minimal statism) is a political philosophy. It is variously defined by sources. In the strictest sense, it holds that states ought to exist (as opposed to anarchy), that their only legitimate function is the protection of individuals from aggression, theft, breach of contract, and fraud, and that the only legitimate governmental institutions are the military, police, and courts. In the broadest sense, it also includes fire departments, prisons, the executive, and legislatures as legitimate government functions.

So after calling for backup from wikipedia (as my knowledge of Minarchism is limited I would point out that police, the court system, the military, as well as a legislature to legislate certain pollution laws (no dumping industrial toxins in drinking water) are areas where I see a need for government currently.
2259  Economy / Economics / Re: Ideas for more efficient distribution of money? on: December 01, 2013, 03:46:35 AM

Bitcoins were distributed by a free market. How can not thinking that the distribution is proper be anything but a criticism of the free market?

They seem socialist-anarchist to me. (To the extent such a thing is possible, anyway.)

Certainly not any harder than it already is. We already have such a currency. The US dollar. And cash businesses get caught hiding income all the time.

If you don't plan on actually spending the money...well then you can probably come up with a perfectly legal tax shelter so that you don't owe taxes on it in the first place.

The OP criticism's of Bitcoins coin distribution is that its distribution will prevent it from ever succeeding as a functional currency. He is not advocating forced redistribution of bitcoins or changing bitcoins only that bitcoin is flawed and that a better system can be designed. His argument is unrelated to the free markets.

OP's ideas are definitely not socialist read his links above if you doubt me. I am not sure yet about the anarchist part I am still making up my mind on that one.

So you don't think that an anonymous coin that cannot be seized or frozen or tracked by the government will make taxes harder to collect? Sure government will still try and in some cases succeed but tax revenues are sure to decline if something like this takes off.

Edit: AnonyMint is a minanarchist see post above so I will concede that point =)
 
2260  Economy / Economics / Re: Ideas for more efficient distribution of money? on: December 01, 2013, 03:13:43 AM
I am confused as to why you think AnonyMint's proposed ideas are socialist.

Doesn't the title of this thread and the first couple lines of the OP make this obvious?

Not really, the OP is asking about the possible distribution of a new or soon to be released cryptocurrency not redistributing peoples current bitcoins or dollars. OP's actual ideas are extremely anti collectivist/socialist.

Also you must admit that having a truly anonymous currency without any way to track you assets would make taxes very hard
to collect. Sure you would have to pay something to justify your lifestyle but you could probably get by with reporting a fraction
of your net worth ie the person making $800,000k a month could pretend he is only making $150,000k
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