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2721  Economy / Service Discussion / Re: Discussion about 10,000BTC Bet (Official) on: September 06, 2012, 10:24:41 AM
this bet is clearly a ponzi scheme

Really? I got no dividends from previous investors yet.  Angry
2722  Bitcoin / Bitcoin Discussion / Re: Google "bitcoin" and take a GOOD LOOK on: September 06, 2012, 09:37:49 AM
too much scary anarcho-capitalism and conspiracy talk in these forums, that's why  Cheesy

I also get bitcointalk.org on page 2 of the google search results, but with "bitcoin forums" it's the first result.

People should use more alternatives like duckduckgo.com anyway, the tenth or so result with https://duckduckgo.com/?q=bitcoin is the bitcointalk.org Marketplace section.  Huh
2723  Economy / Speculation / Re: Bitcoin Project will be making a major announcement in September on: September 06, 2012, 09:32:12 AM
Yup, the announcement will probably be that they'll set up a legal organization that will act as an official contact and information center for everything Bitcoin related. Hence all these legal questions. It was already proposed a while ago actually.

"Bitcoin" has no phone number, that confuses the hell out of old world people.
2724  Economy / Economics / Re: EU/US: Need for explenation on: September 05, 2012, 07:20:00 PM
being an Anarchist/Social Libertarian

so you aren't shocked of savage (Bitcoin powered) free markets like Chomsky is?
2725  Other / Off-topic / Re: Is bitcoin an emergent phenomenum? on: September 05, 2012, 06:53:24 PM
This thread is OT.  Smiley
2726  Other / Off-topic / Re: Does Bruce have a deal for you... on: September 05, 2012, 06:47:33 PM
wow he set up a whole forum just talking to himself  Shocked
2727  Bitcoin / Bitcoin Discussion / Re: Preparation for the inevitable on: September 05, 2012, 01:54:20 PM

Sorry, but the Pirate Party here in Germany are wussing out already.

They don't accept Bitcoins because it's too "uncontrollable", they largely lean towards leftish socialism. They want a basic income guarantee for everyone.

They weakened their position about copyrights due to pressure from the establishment, their position's got not much to do with Rick Falkvinge's recent point anymore. They'll go the way of the German Green Party in the 80ies which started with high (albeit leftish) ideals but eventually got assimilated into the system.
2728  Bitcoin / Bitcoin Discussion / Re: Three Pools Have Near-total Control Over the Bitcoin Network on: September 05, 2012, 01:45:52 PM
Bitcoin is the central protocol.

As above, so below.

Some things we can't decentralize (for now), like the Internet, the Earth and the Sun.  Cool
2729  Local / Deutsch (German) / Re: Zwölftes Münchner Bitcoin Treffen on: September 04, 2012, 09:32:40 PM
anwesendst!  Cool
2730  Economy / Speculation / Re: wow, bitcoin's astro birth chart is full on! on: September 03, 2012, 06:55:17 PM
guess in the aftermath of certain ponzi collapses there will be legislation that will accept it as a viable commodity.
2731  Bitcoin / Bitcoin Discussion / Re: Kim Dotcom looking for suggestions on payments on: September 03, 2012, 03:30:58 PM
yah it seems he will be on Keiser's show
2732  Other / Politics & Society / Re: Pirate Bay Founder Arrested in Cambodia on: September 02, 2012, 06:57:48 PM
dammit, they got the wrong pirate  Sad
2733  Economy / Marketplace / Re: Investment opportunity shitcoin on: September 02, 2012, 12:49:00 PM
Nice. This is essentially Sacred Economics.
2734  Economy / Long-term offers / Re: Black Pearl Investments - 15% Weekly Interest. Enough booty for everybody! on: September 02, 2012, 12:45:08 PM

come at me bro  Angry
2735  Economy / Economics / Re: Why does Bitcoin subsidize saving? on: September 01, 2012, 09:09:02 AM
It's true that perfect money isn't deflationary, but it also isn't inflationary, it just is.

Money is just information. Who owes what to whom.

Ideally it would be invisible. Just like a designer would tell you the best tools are those that are "not in the way", that are invisible.

A giant computer network that's tracking all production, all consumption, all economic activity, would surely be dystopian but it could tell us exactly how much more we'd have to work in that factory before we're finally eligible for this nice Porsche car. This would be the invisible money I mean.

Something like Ripple comes close to this, especially when using "hours of unskilled labor" as the base accounting unit. People essentially print their money themselves here, and the interesting thing is you don't need to centrally control the money supply because everybody knows and agrees on how much hours a day has and what it's worth for them. Also, an hour today is still an hour in 20 years.

Of course concepts like this are inherently trust- and reputation-based though. So one (or more) cryptoanarchist came and didn't like a money being attached to identities that way, so they created Bitcoin which almost necessarily has to be modeled after a commodity with limited supply in order to allow for reasonable privacy, which is also the feature which made it almost instantly available world-wide.

So every approach to money has advantages and drawbacks. The perfect money can't exist. Thus I believe the future of money is parallel systems anyhow. If there's a problem that bitcoins become too scarce and unevenly distributed, people will substitute part of their economic activity with a Ripple-like system.
2736  Economy / Trading Discussion / Re: The saddest and funniest thing about Bitcoin is... on: August 31, 2012, 08:27:30 PM
The saddest and funniest thing about Bitcoin is when it hits over $10 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

The saddest and funniest thing about Bitcoin is when it hits over $1000 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

2737  Economy / Economics / Re: Why does Bitcoin subsidize saving? on: August 30, 2012, 10:51:18 AM
Another aspect of demurrage currencies is that they encourage loans of little to no interest rates. So borrowers may prefer such a currency, hence, Freicoin *might* find its niche.
2738  Other / Off-topic / Re: Let's Count to 21 Million with Images on: August 29, 2012, 08:49:21 PM
could you all please stop posting these boring road signs which all look the same  Angry

2739  Bitcoin / Press / Re: 2012-08-28 huffingtonpost.com - Chomping At The Bitcoin - The Ups And Downs Of C on: August 29, 2012, 09:00:59 AM
Economics is not an exact science. You can't isolate humans with some soil and resources into a laboratory.  Angry

It's a social science. And I'd say for a regional currency demurrage is essential,
* because it encourages spending this currency instead of the national, thus boosting the local economy, and
* because otherwise in such a small economy, some will hoard too much, distribution would become too uneven and the money supply would become unstable.

But I'm for something like Ripple for a regional economy anyway, we don't need monetary systems with centrally managed supply anymore, as we're living in the information age.

And in the global scope, like intended with Freicoin, demurrage still doesn't make much sense for me. As many on this board would say, it's the production and not the consumption that matters.
2740  Bitcoin / Press / Re: 2012-08-28 huffingtonpost.com - Chomping At The Bitcoin - The Ups And Downs Of C on: August 28, 2012, 11:12:35 PM
It's really hard to get scientific data on the Wörgl experiment.

Quote from: wikipedia
the "experiment" was terminated by the Austrian National Bank on the 1st September 1933[4][5]

that's scientific (observational) data enough for me.

and our Chiemgauer you can observe all the time.  Cheesy
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