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I don't mean to take a dump on your effort but man your mic sucks. Terrible audio quality. I didn't listen past the first few seconds because of it so I don't know about the rest if it's ok or not.
Props for making an effort though.
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I'm just curious: Are people here only checking if the new version works or also what it does?
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All you have to realize is that the free market is the strictest, harshest and the most cruel regulator of them all.
Maybe you can't get the money back if you got defrauded but what we can have is an identification system in place such as the gpg id system for example coupled with a reputation system. And in such an environment the biggest punishment is if you get bad reviews and lose credibility because then no one will trust you and do business with you ever again. And this type of punishment does not only work as a retribution but also as a deterrent because legitimate businesses will have a huge incentive not to ever get any bad reviews if they want to succeed and grow.
So yes there can be accountability, just probably not the way it works in today's corporatist fascist government run system.
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I don't want to further derail this thread so this will be my last reply on the topic of private property. If you were trying to clarify where the concept of private property came from, you are right. It was conceptualized in our minds. But.. that doesn't make it an illusion but rather a concept and there's a big difference between the two, the main being one being a figment of an imagination and the other being a real thing in our reality. Also a group of people not sharing the knowledge or respect of the same concept does not it make any less real. Even if a country outlaws the concept of private property through a decree it doesn't make the concept of private property any less real. Also even if the understanding of the nature of this concept may vary from one group of people to another, and it does as you correctly pointed out, it again does not make it an illusion. I suggest you watch this: John A. Allison, "Leadership and Values" if you really want to understand where I'm coming from and where you might be making a mistake within your thought process. |
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Hmm yes I did do that. I also apologize. I sometimes fail to contain my frustration with oh so many irrational statements I often come across on teh internetz.
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Good thing to know. If I should ever need a vital organ transplant I'll look you up and just take your organ. Since private property is an illusion you wont mind, right? Retard.
Thank god my brain is safe, doesn't seem like a vital organ in your case. Ahh yes. When logic fails you need to seal the deal with an ad hominem attack. Bravo sir. You truly are a special one. |
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because stealing is wrong
private property is an illusion Good thing to know. If I should ever need a vital organ transplant I'll look you up and just take your organ. Since private property is an illusion you wont mind, right? Retard. |
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I just hope people realize that if say 30k BTC hit the market right now the price would crash to probably under parity.
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I've only recently begun understanding Bitcoins and decided to ask my Economics professor about the viability of decentralized digital currency.
She responded by saying that it will not be sustained just as the Gold standard was replaced by the Dollar (in the US).
The Dollar is also backed by the Fed. and our confidence in it.
What are some future speculations? When it hits the cap, will BTC be replaced by a inflatable currency?
She failed to mention the gun that's used to "promote" the replacement of the gold standard with the dollar. And that the trust in the fed is actually fear of it's guns. And to answer your question you have to understand first why even today gold is money to many people but they aren't using it as money and what sort of properties of gold handicap it in that regard. The answer to why is of course the government guns enforcing the legal tender laws and capital gains taxes on precious metals. Of course gold is physical element which can be seized much easier then Bitcoin. Also it's much harder to hide it and trade it especially at long distances. There's all these barriers set up by the government guns that gold has a really big problem overcoming even if the market wanted to use it as money where Bitcoin could potentially have a much easier job. So if anything we are either going to move towards Bitcoins as money or we wont. But no one can know for sure what the markets and governments response will be to it and what will ultimately happen. I guarantee you this though: If BTC is replaced with an inflatable currency it wont be a voluntary market action but a forced government one. I'm 100% sure about that seeing as inflation is theft! |
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I have read that concerns over hoarding BTC can be alleviated by more people accepting BTC. But why should I? Why should I accept your BTC as payment for something in leiu of something like a goldgram?
Please, if you can, explain WHY. I have noticed that when discussion of gold comes up here on this forum people seem to ask pointed questions in response to why BTC is as legitimate or even better than gold as a currency without actually constructing a solid point.
Well why would you accept a goldgram? What sort of properties of that commodity draw you to buy it and trade in it? I don't know about you but I imagine what those properties might be and for me Bitcoin has the same crucial properties and a few extra and that's why I use it. |
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Wrong. Food prices in my country have doubled since 07 when we adopted the euro. DOUBLED.
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OP it's pretty basic really.
It's value comes from the trust in it's features:
-limited supply
-digital form
-peer2peer decentralization
-security through cryptography
-easy and fast transfer around the glove
-easy and secure storage
-ect
Because people trust it will retain these obviously valued and wanted features it has intrinsic value. If it should ever lose them, Bitcoins will be worthless.
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There's not a single national currency around the world which isn't controlled and inflated at will by it's issuing government. Not one.
It's scary really to think about it. Especially since if you can't protect your money from getting stolen through the invisible tax which is monetary inflation then are you really free? The answer of course is you are not. You are a slave to the fiat system.
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Limit? What limit? They raised it every fking time they were close to or at limit? What good is a limit of which it's purpose get's completely ignored by an increase every single time you reach it. It's no limit at all. Printing away, stealing our wealth with an invisible hand while trying to maintain an illusion of fiscal responsibility. That's what it really is.
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It's impossible to be well informed when you have the biggest and most popular exchange offering dark pool orders hidden from the small guy. Right now there's more than 3times as many sell orders as there are buy orders and yet the price keeps going up.
If I were to daytrade I certainly wouldn't feel informed about my actions. I'd be speculating and gambling.
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It's nice to see you have an open mind and I'll admit that even I am often struggling with the way the world works right now and how we can ever hope to move towards an an-cap society which I believe would be the ideal form to live under while being prosperous and free.
My one liner wasn't intended to prove that in one swing but it is merely a piece of the puzzle for those who do not believe what I believe.
btw you chose the wrong y for your x. Y in my one liner was obviously the situation derived from the purpose of x where if you wanted to use airbags the correct form would be: Airbags either killed you or were unable to save you. In either case you're dead and airbags would have failed their purpose which is what the gist of my one liner was.
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Usually what I tell minarchists who staunchly defend the idea of a republic and public law in the form of a constitution is this:
The constitution either gave you the corrupt overreaching tyrannical and parasitic government that you have, or it was unable to prevent it.
Option 3: the constitution kept things from getting even WORSE than they are now, and it's possible to create a better constitution than the original framers did. I don't know any minarchists who defend the status quo: asking them to is like asking all anarchists to defend Somali anarchy. How can you be so stupid? It's freaking fascinating. According to your logic words on a piece of paper are going to prevent people from doing stuff?! WTF is wrong with you? |
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If the market should recongize Bitcoins as useful the market will use it. All we can do is spread the info and just try various business ventures and see what sticks.
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