This is so accurate! Many millennials say "It's DEMOCRATIC Socialism, there's a difference." Just because you put the word "democratic" before it doesn't mean it's any different. It just means you voted for the flawed system. Socialism has not and will not work anywhere.
Bernie Sander's Millennials Socialism is Coming... |
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The key here is first Fungibility https://en.wikipedia.org/wiki/Fungibility, then Privacy and only last Anonymity. One does not need to consider a war zone to understand the value of fungibility; however it is important in that scenario also. Monero delivers fungibility, Bitcoin for example does not thanks to the likes of https://www.chainalysis.com/I used to sort of support that argument, but I no longer do. But I will not argue it (now). Any way, I am not vying to attack Monero and I think it is probably still undervalued. I am sure we can agree that the best use of my time is to STFU and actually code something. It is really annoying to have someone who hasn't produced anything tangible talking incessantly from his theory soapbox. Thanks for the discussion. |
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This is the dilemma for speculators, is they don't know the technology deep enough to really know if what they think is correct.
When something as white bread as STRAT (known Dev, .NET version of BTC plus shiny objects)... Is trading at 700% of ICO in the icy depths of an Alt Bear Market... The situation is hardly hopeless for anyone committed to analyzing the Announcements section... Or even just following 5-10 Hero Members that stay on top of things. Overthinking this sector is almost as bad as underthinking it. I will just say that entirely avoiding the altcoin sector is going to be a humongous lost opportunity. Perhaps the greatest opportunity of our lives. Whether speculators have the sense to pick wisely as you apparently do, is really just nature. Some will, some won't. That is what makes a free market. |
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Ah yes I was thinking it was 500 ounces.
500 grams is much less, but I still doubt the average person owns $20,000 worth of gold.
This will still only have an effect on the very wealthy. Some might buy some Bitcoin, but I assume most are going to hide money in offshore accounts and companies outside their country.
The intended effect is that it will be impractical to use gold as form of tax avoiding cash. You can bury gold in the ground and never use it, because that it no threat at all to the government's desire to tax everything that moves. Have fun eating your gold or watching it sit there useless in the ground while the economic opportunities move on without you. The elite are moving the tangible economy to electronic currency that is tracked for taxes. They will use the poor as a weapon against the middle class. The poor will avidly support increased taxation because the government will promise them free things. In India, the government is recently offering a basic level of free food and medical care system support to the indigent. This is a big deal because in the past 1/3 of Indians only ate once a day. The poor see these increased taxation as ending corruption and funding the support for the poor. They don't realize it is the laying the seeds for tax slavery. But we in the crypto-currency currency arena can offer the poor a better deal than what the government can give them. We can offer them a job in the virtual economy where they can become independently a middle class person. And then they will hate taxes. I am working on this now. Steem(it) was the first (failed) example. We can onboard the billions into crypto-currency by giving them currency when they do work on a social network. We can change the economy of the world. Tinfoil hats are doing nothing. They are stuck in an unimaginative old world fight over tangible resources. Iron used to be a precious metal. Everyone needs to understand we live in an age of surplus and we are moving to a Knowledge Age: You will probably need a week or two of studying the thread slowly.
I will be the first to admit I needed a week to fully absorb the following works of AnonyMint. The Rise of Knowledge <--- READ THISUnderstand 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. ... |
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Ah yes I was thinking it was 500 ounces.
500 grams is much less, but I still doubt the average person owns $20,000 worth of gold.
This will still only have an effect on the very wealthy. Some might buy some Bitcoin, but I assume most are going to hide money in offshore accounts and companies outside their country.
The intended effect is that it will be impractical to use gold as form of tax avoiding cash. You can bury gold in the ground and never use it, because that it no threat at all to the government's desire to tax everything that moves. Have fun eating your gold or watching it sit there useless in the ground while the economic opportunities move on without you. The elite are moving the tangible economy to electronic currency that is tracked for taxes. They will use the poor as a weapon against the middle class. The poor will avidly support increased taxation because the government will promise them free things. In India, the government is recently offering a basic level of free food and medical care system support to the indigent. This is a big deal because in the past 1/3 of Indians only ate once a day. The poor see these increased taxation as ending corruption and funding the support for the poor. They don't realize it is the laying the seeds for tax slavery. But we in the crypto-currency currency arena can offer the poor a better deal than what the government can give them. We can offer them a job in the virtual economy where they can become independently a middle class person. And then they will hate taxes. I am working on this now. Steem(it) was the first (failed) example. We can onboard the billions into crypto-currency by giving them currency when they do work on a social network. We can change the economy of the world. Tinfoil hats are doing nothing. They are stuck in an unimaginative old world fight over tangible resources. Iron used to be a precious metal. Everyone needs to understand we live in an age of surplus and we are moving to a Knowledge Age: You will probably need a week or two of studying the thread slowly.
I will be the first to admit I needed a week to fully absorb the following works of AnonyMint. The Rise of Knowledge <--- READ THISUnderstand 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. ... |
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Ah yes I was thinking it was 500 ounces.
500 grams is much less, but I still doubt the average person owns $20,000 worth of gold.
This will still only have an effect on the very wealthy. Some might buy some Bitcoin, but I assume most are going to hide money in offshore accounts and companies outside their country.
The intended effect is that it will be impractical to use gold as form of tax avoiding cash. You can bury gold in the ground and never use it, because that it no threat at all to the government's desire to tax everything that moves. Have fun eating your gold or watching it sit there useless in the ground while the economic opportunities move on without you. The elite are moving the tangible economy to electronic currency that is tracked for taxes. They will use the poor as a weapon against the middle class. The poor will avidly support increased taxation because the government will promise them free things. In India, the government is recently offering a basic level of free food and medical care system support to the indigent. This is a big deal because in the past 1/3 of Indians only ate once a day. The poor see these increased taxation as ending corruption and funding the support for the poor. They don't realize it is the laying the seeds for tax slavery. But we in the crypto-currency currency arena can offer the poor a better deal than what the government can give them. We can offer them a job in the virtual economy where they can become independently a middle class person. And then they will hate taxes. I am working on this now. Steem(it) was the first (failed) example. We can onboard the billions into crypto-currency by giving them currency when they do work on a social network. We can change the economy of the world. Tinfoil hats are doing nothing. They are stuck in an unimaginative old world fight over tangible resources. Iron used to be a precious metal. Everyone needs to understand we live in an age of surplus and we are moving to a Knowledge Age: You will probably need a week or two of studying the thread slowly.
I will be the first to admit I needed a week to fully absorb the following works of AnonyMint. The Rise of Knowledge <--- READ THISUnderstand 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. ... |
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Ah yes I was thinking it was 500 ounces.
500 grams is much less, but I still doubt the average person owns $20,000 worth of gold.
This will still only have an effect on the very wealthy. Some might buy some Bitcoin, but I assume most are going to hide money in offshore accounts and companies outside their country.
The intended effect is that it will be impractical to use gold as form of tax avoiding cash. You can bury gold in the ground and never use it, because that it no threat at all to the government's desire to tax everything that moves. Have fun eating your gold or watching it sit there useless in the ground while the economic opportunities move on without you. The elite are moving the tangible economy to electronic currency that is tracked for taxes. They will use the poor as a weapon against the middle class. The poor will avidly support increased taxation because the government will promise them free things. In India, the government is recently offering a basic level of free food and medical care system support to the indigent. This is a big deal because in the past 1/3 of Indians only ate once a day. The poor see these increased taxation as ending corruption and funding the support for the poor. They don't realize it is the laying the seeds for tax slavery. But we in the crypto-currency currency arena can offer the poor a better deal than what the government can give them. We can offer them a job in the virtual economy where they can become independently a middle class person. And then they will hate taxes. I am working on this now. Steem(it) was the first (failed) example. We can onboard the billions into crypto-currency by giving them currency when they do work on a social network. We can change the economy of the world. Tinfoil hats are doing nothing. They are stuck in an unimaginative old world fight over tangible resources. Iron used to be a precious metal. Everyone needs to understand we live in an age of surplus and we are moving to a Knowledge Age: You will probably need a week or two of studying the thread slowly.
I will be the first to admit I needed a week to fully absorb the following works of AnonyMint. The Rise of Knowledge <--- READ THISUnderstand 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. ... |
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Ah yes I was thinking it was 500 ounces.
500 grams is much less, but I still doubt the average person owns $20,000 worth of gold.
This will still only have an effect on the very wealthy. Some might buy some Bitcoin, but I assume most are going to hide money in offshore accounts and companies outside their country.
The intended effect is that it will be impractical to use gold as form of tax avoiding cash. You can bury gold in the ground and never use it, because that it no threat at all to the government's desire to tax everything that moves. Have fun eating your gold or watching it sit there useless in the ground while the economic opportunities move on without you. The elite are moving the tangible economy to electronic currency that is tracked for taxes. They will use the poor as a weapon against the middle class. The poor will avidly support increased taxation because the government will promise them free things. In India, the government is recently offering a basic level of free food and medical care system support to the indigent. This is a big deal because in the past 1/3 of Indians only ate once a day. The poor see these increased taxation as ending corruption and funding the support for the poor. They don't realize it is the laying the seeds for tax slavery. But we in the crypto-currency currency arena can offer the poor a better deal than what the government can give them. We can offer them a job in the virtual economy where they can become independently a middle class person. And then they will hate taxes. I am working on this now. Steem(it) was the first (failed) example. We can onboard the billions into crypto-currency by giving them currency when they do work on a social network. We can change the economy of the world. Tinfoil hats are doing nothing. They are stuck in an unimaginative old world fight over tangible resources. Iron used to be a precious metal. Everyone needs to understand we live in an age of surplus and we are moving to a Knowledge Age: You will probably need a week or two of studying the thread slowly.
I will be the first to admit I needed a week to fully absorb the following works of AnonyMint. The Rise of Knowledge <--- READ THISUnderstand 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. ... |
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Ah yes I was thinking it was 500 ounces.
500 grams is much less, but I still doubt the average person owns $20,000 worth of gold.
This will still only have an effect on the very wealthy. Some might buy some Bitcoin, but I assume most are going to hide money in offshore accounts and companies outside their country.
The intended effect is that it will be impractical to use gold as form of tax avoiding cash. You can bury gold in the ground and never use it, because that it no threat at all to the government's desire to tax everything that moves. Have fun eating your gold or watching it sit there useless in the ground while the economic opportunities move on without you. The elite are moving the tangible economy to electronic currency that is tracked for taxes. They will use the poor as a weapon against the middle class. The poor will avidly support increased taxation because the government will promise them free things. In India, the government is recently offering a basic level of free food and medical care system support to the indigent. This is a big deal because in the past 1/3 of Indians only ate once a day. The poor see these increased taxation as ending corruption and funding the support for the poor. They don't realize it is the laying the seeds for tax slavery. But we in the crypto-currency currency arena can offer the poor a better deal than what the government can give them. We can offer them a job in the virtual economy where they can become independently a middle class person. And then they will hate taxes. I am working on this now. Steem(it) was the first (failed) example. We can onboard the billions into crypto-currency by giving them currency when they do work on a social network. We can change the economy of the world. Tinfoil hats are doing nothing. They are stuck in an unimaginative old world fight over tangible resources. Iron used to be a precious metal. Everyone needs to understand we live in an age of surplus and we are moving to a Knowledge Age: You will probably need a week or two of studying the thread slowly.
I will be the first to admit I needed a week to fully absorb the following works of AnonyMint. The Rise of Knowledge <--- READ THISUnderstand 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. ... |
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Ah yes I was thinking it was 500 ounces.
500 grams is much less, but I still doubt the average person owns $20,000 worth of gold.
This will still only have an effect on the very wealthy. Some might buy some Bitcoin, but I assume most are going to hide money in offshore accounts and companies outside their country.
The intended effect is that it will be impractical to use gold as form of tax avoiding cash. You can bury gold in the ground and never use it, because that it no threat at all to the government's desire to tax everything that moves. Have fun eating your gold or watching it sit there useless in the ground while the economic opportunities move on without you. The elite are moving the tangible economy to electronic currency that is tracked for taxes. They will use the poor as a weapon against the middle class. The poor will avidly support increased taxation because the government will promise them free things. In India, the government is recently offering a basic level of free food and medical care system support to the indigent. This is a big deal because in the past 1/3 of Indians only ate once a day. The poor see these increased taxation as ending corruption and funding the support for the poor. They don't realize it is the laying the seeds for tax slavery. But we in the crypto-currency currency arena can offer the poor a better deal than what the government can give them. We can offer them a job in the virtual economy where they can become independently a middle class person. And then they will hate taxes. I am working on this now. Steem(it) was the first (failed) example. We can onboard the billions into crypto-currency by giving them currency when they do work on a social network. We can change the economy of the world. Tinfoil hats are doing nothing. They are stuck in an unimaginative old world fight over tangible resources. Iron used to be a precious metal. Everyone needs to understand we live in an age of surplus and we are moving to a Knowledge Age: You will probably need a week or two of studying the thread slowly.
I will be the first to admit I needed a week to fully absorb the following works of AnonyMint. The Rise of Knowledge <--- READ THISUnderstand 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. ... |
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Ah yes I was thinking it was 500 ounces.
500 grams is much less, but I still doubt the average person owns $20,000 worth of gold.
This will still only have an effect on the very wealthy. Some might buy some Bitcoin, but I assume most are going to hide money in offshore accounts and companies outside their country.
The intended effect is that it will be impractical to use gold as form of tax avoiding cash. You can bury gold in the ground and never use it, because that it no threat at all to the government's desire to tax everything that moves. Have fun eating your gold or watching it sit there useless in the ground while the economic opportunities move on without you. The elite are moving the tangible economy to electronic currency that is tracked for taxes. They will use the poor as a weapon against the middle class. The poor will avidly support increased taxation because the government will promise them free things. In India, the government is recently offering a basic level of free food and medical care system support to the indigent. This is a big deal because in the past 1/3 of Indians only ate once a day. The poor see these increased taxation as ending corruption and funding the support for the poor. They don't realize it is the laying the seeds for tax slavery. But we in the crypto-currency currency arena can offer the poor a better deal than what the government can give them. We can offer them a job in the virtual economy where they can become independently a middle class person. And then they will hate taxes. I am working on this now. Steem(it) was the first (failed) example. We can onboard the billions into crypto-currency by giving them currency when they do work on a social network. We can change the economy of the world. Tinfoil hats are doing nothing. They are stuck in an unimaginative old world fight over tangible resources. Iron used to be a precious metal. Everyone needs to understand we live in an age of surplus and we are moving to a Knowledge Age: You will probably need a week or two of studying the thread slowly.
I will be the first to admit I needed a week to fully absorb the following works of AnonyMint. The Rise of Knowledge <--- READ THISUnderstand 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. ... |
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This "refutation" is based upon the concept that if a virtual currency focuses on something other than micro-transactions it will be shut down by the the "state".
My quoted logic had nothing to do with the "state". Edit: Monero is not even suitable for micro transactions by design, with minimum transaction fees likely to remain around or above 0.01 USD over time in real terms. This is not to say that micro transactions are not a viable market in its own right, but rather than there are likely much better suited solutions for this market. The opportunity for Monero in the micro transactions market may actually be in the on and possible off ramps for these solutions. So for a virtual currency focused on micro transactions Monero is not even a competitor.
I think microtransactions are the big enchilada. And not just monetary microtransactions. Anonymity is so incredibly unrealistic and it is fighting against the socialism. Please see my prior post which was a refutation of the tinfoil hats. I have more debate with them at the following thread: https://bitcointalk.org/index.php?topic=1665943.0Although I originally was a tinfoil hat and originally touted the importance of anonymity, I am now coming to the realization that we don't win by hiding from society. We win by changing the economy of society. |
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But posting bullshit as fact is merely posting bullshit as fact.
Facts don't exist in a time-locked vacuum. Your use of the term "facts" is myopic aliasing error (study the Shannon-Nyquist Sampling Theorem). You refuse to sample the data we have on what always happens next. You are the bullshitter. The unintentional wolf in sheepskin. |
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This "refutation" is based upon the concept that if a virtual currency focuses on something other than micro-transactions it will be shut down by the the "state".
My quoted logic had nothing to do with the "state". Edit: Monero is not even suitable for micro transactions by design, with minimum transaction fees likely to remain around or above 0.01 USD over time in real terms. This is not to say that micro transactions are not a viable market in its own right, but rather than there are likely much better suited solutions for this market. The opportunity for Monero in the micro transactions market may actually be in the on and possible off ramps for these solutions. So for a virtual currency focused on micro transactions Monero is not even a competitor.
I think microtransactions are the big enchilada. And not just monetary microtransactions. Anonymity is so incredibly unrealistic and it is fighting against the socialism. Please see my prior post which was a refutation of the tinfoil hats. I have more debate with them at the following thread: https://bitcointalk.org/index.php?topic=1665943.0Although I originally was a tinfoil hat and originally touted the importance of anonymity, I am now coming to the realization that we don't win by hiding from society. We win by changing the economy of society. |
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This "refutation" is based upon the concept that if a virtual currency focuses on something other than micro-transactions it will be shut down by the the "state".
My quoted logic had nothing to do with the "state". Edit: Monero is not even suitable for micro transactions by design, with minimum transaction fees likely to remain around or above 0.01 USD over time in real terms. This is not to say that micro transactions are not a viable market in its own right, but rather than there are likely much better suited solutions for this market. The opportunity for Monero in the micro transactions market may actually be in the on and possible off ramps for these solutions. So for a virtual currency focused on micro transactions Monero is not even a competitor.
I think microtransactions are the big enchilada. And not just monetary microtransactions. Anonymity is so incredibly unrealistic and it is fighting against the socialism. Please see my prior post which was a refutation of the tinfoil hats. I have more debate with them at the following thread: https://bitcointalk.org/index.php?topic=1665943.0Although I originally was a tinfoil hat and originally touted the importance of anonymity, I am now coming to the realization that we don't win by hiding from society. We win by changing the economy of society. |
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This "refutation" is based upon the concept that if a virtual currency focuses on something other than micro-transactions it will be shut down by the the "state".
My quoted logic had nothing to do with the "state". Edit: Monero is not even suitable for micro transactions by design, with minimum transaction fees likely to remain around or above 0.01 USD over time in real terms. This is not to say that micro transactions are not a viable market in its own right, but rather than there are likely much better suited solutions for this market. The opportunity for Monero in the micro transactions market may actually be in the on and possible off ramps for these solutions. So for a virtual currency focused on micro transactions Monero is not even a competitor.
I think microtransactions are the big enchilada. And not just monetary microtransactions. Anonymity is so incredibly unrealistic and it is fighting against the socialism. Please see my prior post which was a refutation of the tinfoil hats. I have more debate with them at the following thread: https://bitcointalk.org/index.php?topic=1665943.0Although I originally was a tinfoil hat and originally touted the importance of anonymity, I am now coming to the realization that we don't win by hiding from society. We win by changing the economy of society. |
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