Das sind ja Töne.  I'd also tend to say that Bitcoin tech is an equalizer, just like the internet. Sure, the rich have more internet than the poor, but it gives the poor much more possibilities and chances. Also, Bitcoin may set resources free for those in the first world who genuinely want to help (by not making the third world dependent on Monsanto). |
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I think there need to be some grammar fixes:
* Bitcoin has its own unit
* it is valued independently on the merits of its usefulness and scarcity.
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It is said that people can't think exponentially, but they also can't think asymptotically.
In 2013, John Doe I. may lose his 400 USD or 10 BTC wallet.
In 2014, John Doe II. may lose his 400 USD or 1 BTC wallet.
In 2015, John Doe III. may lose his 400 USD or 0.1 BTC wallet.
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Auf irgendeiner Website stand, jegliches Geld ist fast per definitionem eine Blase.
Sobald Gold als Tauschmittel benutzt wird, ist es viel mehr wert als sein reiner Verwendungszweck in der Elektronik, als Schmuck etc...
joa, viele entdecken nun Bitcoin (wieder). Vielleicht war die Phase von $30 in 2011 bis $30 in 2013 auch eine Anti-Blase.
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I love the new layout. And I especially like seeing Multibit first on the client list. I remember first trying the "default" client only to get very frustrated, but when I later tried out MultiBit it was smooth sailing.
Multibit will complain on most newbie machines that "No Java found". Which is tedious to install too. So it's not quite recommendable for beginners either. |
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"Consent Of The Governed: The Freeman Movement Defined" is nearly 3 hours long, and covers a wide range of topics that effect and hinder our human freedom when dealing with civil SERVANTS who seek to claim authority over us, so be prepared to set aside some educational viewing time ... however, I promise you, it will be time well spent.
http://www.youtube.com/watch?v=6RLHsH7XAkcContains lots of the popular conspiracy theories of course. This FMOTL movement sometimes goes over top, and I guess they're not always right with their interpretation of the twists in laws and statutes, but I believe there is some truth at the core of their premise. After all, the social contract is a mere artifical construct. I don't remember to have signed any.  |
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How about not "charging" people but making the FAV something where recipient of the favor decides for himself the amount he wished to pay? If you want to be payed for your work I suggest to use BTC for now. I feel payment of FAV should be voluntary and decided by the recipient of the favor. It's like saying: "Thanks, dude. Now I owe you one".
Then that's just part of the deal, and nothing that requires a special kind of currency to express this circumstance. |
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In the original idea of Ripple (from 2004), trust is all that existed actually (i.e. there was no XRP, there was no Bitcoin).
Imagine a barter ring where everyone would start at zero. When all we can exchange is goods and services, somebody has to start, somebody has eventually grant trust to somebody in order to keep this economy going in the first place.
So you want me to mow your lawn. I'll do it, but for the moment I don't have an immediate redemption from you, so I have to trust that you would return the favor in the future. I express this by granting you trust in Ripple. This is how value is created in this system in the first place.
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So if my skilled work is worth, I don't know, 10x minimum wages in my country I could charge 10 HRS per hour of work?
sure... if you can compete that is... just like today. The hour of unskilled labor is just like a base standard, and an intuitive one at that which everybody would agree upon. |
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If you and your Ripple friend mutually agree that it is a favor, then it is a favor! If you don't come to an agreement, then it is not a favor!
I basically meant that FAVs are not fungiible. For a FAV beween you and John Doe, I (as a 3rd party) have no clue which equivalent "favor" I could contribute to the community in order to get a FAV currency circulating in a meaningful way. HRS would be more intuitive. It's a currency with a central bank that doesn't cheat: Our solar system. A day will continue to have 24 hours for the foreseeable ages. You can use HRS just like they're using FAV though.
yup I know, but it would be nice if it was more "official" (i.e. in the dropdown list). Then we can introduce the Ripple system to many of those alternative money communities out there much more easily. |
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how would you measure how much 1 favor is? one favor may take 5 seconds, another a whole day to do
something like "Hours" (1 hour of simple work, like any neighborhood help) should be built into ripple (fixed, i.e. in the dropdown). Then it would instantly replace all centralized barter websites.
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"pre-mine" (n) - A condition of a cryptocurrency when part or all of the currency distribution is limited to a predetermined subset of the target audience, under control of the authors.
lol, the next edition of Webster's Dictionary, right? |
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sure not more than 100 billion, but until all of them are issued, the value will drop with every give-away. OpenCoin can and probably will regulate the value just like a central bank does.
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I'd say post office stamps are pretty durable, portable, and divisible too, as well as relatively scarce (as far as central banking goes anyway) being pegged to the national currency. They fulfill all requirements for a good currency.
Back to topic, speculation about XRP Price or the discussion about it is kind of pointless, as OpenCoin acts like a central bank that can issue more of them at will at any time in any amount.
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It is self-evident.
It's only self-evident with an absolutist, all-or-nothing interpretation of ideas. Many anarchists usually differentiate between ownership and property. Don't worry, hardly anyone will dispute your ownership of your fingers, your TV, your bed, even your house and your garden. But if you claim you own an island far away just because you have a paper that says so, then things are not so clear anymore. Either this doesn't mean anything, just like those shady websites where you can buy a piece of the moon don't mean anything, or you'd have a powerful authority like a state protecting this island for you, or you'd have to expend resources yourself (guards, military if necessary) in order to protect it. |
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Let me ask you a question: why would you accept someone's IOUs instead of XRPs?
Liquidity. It's very empowering when people can issue their own promises. Also, intelligent credit clearing in the network is a powerful feature. It's an elegant solution to the Greek Village problem. |
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So let me get this straight.... You are saying something like the following:
1. Private property is good and should be protected
2. In order to protect private property we need a government
3. Government (by definition) has the right to arbitrarily pass laws and taxes at will
I didn't say any of that.
4. Taxation by definition is Theft as you don't have a choice to not pay and if you do not pay, you are threatened with harm (jail, being shot, etc.)
5. Theft by definition is a violation of private property
6. Therefore, in order to most justly protect private property, we should institute a group with the ability to violate private property rights at will
Sounds logical....
the typical mantras again, black-and-white thinking and non sequiturs when someone questions the idea of property and believes it's a merely human made-up concept, that doesn't mean they support violence of an authority like a state. think a little bit outside of your box and educate yourself. There are many other strains of anarchism. Start with Proudhon for example. |
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Post office stamps never became a currency really, although there are/were lots of stamp collectors.
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