Why isn't Satoshi Nakamoto protecting his investment?
4. He has faith that bitcoin will succeed on its own power.
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Thanks for that reveal, it explains much. The folks on the outside working to talk down Bitcoin have their work cut out for them, it is almost pitiable.
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Any in September?
Pick a place and a time. Libertopia was great. Thank you to all who attended. 4 days of freedom liberty and highly motivated folks working for a more free and private world based on non-coerced individual choice. |
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The project is fundamentally not about creating collectible items, the Casascious pieces are much better for that sort of thing. We are working to make lasting, durable, trad-able, 100% fungible specie Bitcoin pieces that hold value in their own right and can help to bring more people into the Bitcoin economy with an easily exchanged pocket-friendly Bitcoin denominated silver and gold piece
That said, it has been our custom to award the FIRST STRIKE pieces to those that contribute to the effort, and there are more people involved than usual on this project. Of the 40 that are awarded, so far we have had three (3) of our FIRST STRIKE pieces come back to us from those to whom they were allocated who have decided that they would rather support the project instead of receiving the award, and another may yet come up for auction from someone that contributed, but has some pressing financial needs.
So... for those of you who either missed out on the first auction, or were outbid, there is another opportunity to get one of these collectible FIRST STRIKE pieces. The decision on how to allocate them came down to a few options and the one that was decided by these three was that they should go to the top three purchasers of the Initial order + pre-order. So the top three buyers will have the opportunity to have one of the first strikes, with the presentation display, and certificate of authenticity, to count as one of the pieces of their order.
So far the top three are 100, 100, and 50 piece orders so unless we get larger orders than these, these will be the folks to receive these three (or unless these folks may decide to increase their purchases ahead of the SEPTEMBER 15th cutoff for initial orders).
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Our first idea was; On dollar bills are people as well, so why not a bitcoin right?
After he campaigned on the issue of killing the second Central Bank in the USA, I think Andrew Jackson rolls in his grave every time one of those US$20 FRN rolls off the presses of the third central bank. |
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I am happy with the hope that the wisdom and bravery that allowed this bitcoin wealth concentration will guide them, I feel no need to do so myself.
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"The fact that dollars lose value makes you spend or invest them. That is what drives economic activity"
I think a lot of Bitcoin enthusiasts got ahead of this old way of thinking. If depreciating dollars would drive activity, our economy would be booming for the last 30 years non-stop.
Good luck holding on to your dollars (and shaky ideas), Sir!
+1 When the blatantly wrong spew forth this sort of nonsense it becomes comically tragic (for them). Economic activity does not need to be driven, it is driven already by the essential nature of humanity. We do stuff, we cooperate often, we are social, we like to trade stuff, so imagining that we NEED additional external suffering in order to DRIVE US like some whipping slave master into economic activity is the worst sort of pandering for evil. Hey, lets make our money out of ice cubes so that it goes away faster and we are encouraged to spend it so we are driven more. Such wisdom we can do without.... But... I am sure there is an alt-coin that does things this way, and it probably does a better job of it than the monetary policy folks who are tasked with driving us with their inflation "management". So even this nonsense has a better answer waiting for it in crypto if they had the minimal curiosity to look for it. |
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Japan is a nation. Maryland is a state within a nation. Duh.
They are spelled differently and have occupants with different last names, but how about offering some distinctions that make a difference, please? Or say why your distinction matters? Both governmental entities are capable of enforcing their laws, yes? |
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LOL. Anything you want brought from California?
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For volatile investments, such as bitcoin, if you are trying to invest in it, a good strategy is to time-cost average buy. This means you buy with a fixed amount of your cash on a regular basis.
For example $1000/week. Bitcoin is 100, 10 coins, bitcoin is 50, 20 coins, bitcoin is 250, 4 coins
When it goes down you get more then when it is up, but over all, you come out ahead without too much risk of picking the "wrong" time.
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if the USD quickly moved from being inflationary to deflationary. We'd lose all that effective revenue from devaluing our national debt,
By "we", to whom are you referring? "We the people" or "We the federal government" or some other we? Hint: Bitcoin is global. |
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It is also good to listen to our critics so that we can better craft the antitoxin messages. The truth is a great disinfectant. The author also seems to hate Liberty Dollars so here we go...
1) Marginally legal. There is nothing illegal about owning/bartering Liberty Dollars, gold or Bitcoin. Fraud is always illegal, so don't lie about money, no matter the type.
2) East to shut down Easy is a relative statement. Is the Internet easy to shut down? None of the things he claims is easy to shut down has been shut down, they just (usually) route around the legal barriers to avoid the parts of the network where they are legally prohibited.
3) It fluctuates Yes, mostly up.
4) It’s scarce, by design No problem. Unlike NY taxi medallions it is divisible and spendable at any fraction of a whole, 1/1000000 bitcoin is still money.
5) It’s deflationary The requirement for inflation is a myth. Economies do not require it to exist, quite the contrary, variable inflation has crashed economies through hyperinflation.
6) Nobody cares Hi, meet nobody. Pleased to meet you.
7) It’s more complex than Linux So was Linux, you should have seen Debian in '93, seems to be doing ok after a few decades.
8) Benefits to merchants are marginal I'm happy with +3% margin, thank you!
9) It’s online only psst... heard of Amazon, or Google? Most money is digital these days 1.2Trillion USD is physical, 44Trillion is digital, so maybe there is some use for it.
10) Sketchy origins and security Has Jeckyll Island beat there (origin of the Federal Reserve).
Sure, Bitcoin is an experiment. So was the automobile.
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Yeah, Kensho is a legend according to my martial arts enthusiast pals.
Its a pity I never seriously studied the martial arts, but I thumbed
through the book, and he does have a sensible, down to earth philosophy.
Here's a quote from the book:
There is an old saying among warriors.
"After the victory, tighten the cords of your helmet.
When we think we have arrived, when we think we
have got it, we have, at that moment, lost it."
He would talk like that as well. His dojo in the middle of a rough section of downtown LA, was not only clean, but the whole city block around it was clean. The students after cleaning the dojo, would then clean the neighborhood. Inside it was more Japanese than most dojo you will find in Japan. He would take what seemed insignificant and show how in another way it was the most meaningful part of something. Very inspiring. |
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You have a Kensho Furuya SIGNED Kodo Ancient Ways softcover.
I studied Aikido with him for quite a while. Very gifted sensai.
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I'm noticing an interesting phenomenon where positive news = dump btc for fiat (more likely you will be able to get your fiat off exchange later) and negative news = panic buy bitcoin (fiat might get locked on exchange for various reasons). This is pure insanity.
like gold? Satoshi would not have invented bitcoin without 2008 crisis. He wrote some comments on the blockchain about it Insanity is the financial system we have. Bitcoin is sanity. Yes he would have. It started long before then. |
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At 22:42 in the video he says, "The world will be on some new monetary system." He thinks it is gold but I agree that Bitcoin is a likely contender. Gold is too cumbersome to use and does not transfer easily and securely so Bitcoin makes way more sense.
It is interesting for sure. History does repeat itself.
The union of the two, Gold and Bitcoin, solve the problems of each other. Bitcoin is not perfectly anonymous, gold is. Bitcoin is not so great for point of sale where speed and reliability are higher concerns, nothing can beat specie there. As you point out, gold/silver is horrible at long distance transaction. Shipping, and security are always problems there. This is where Bitcoin ourshines gold. Together they fix each other, but they also have a lot in common. Their value does not depend on governments, they can't be inflated. You can use either independently, or exchange one for the other. So making specie that is easily exchangeable for bitcoin with real time values, and can also show the value in any other currency does a few things for us. 1) It conveys the value of bitcoin to the uninitiated. 2) Makes point-of-sale transactions easier 3) It is fun to see the look in someone's face when they see (and can touch) REAL money. |
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I personally would love that. People would be still oppressed, but there would be no shitstorm of current proportions today. BUT, I'm guessing those rebels did not get their weapons from shops  Ak47's, RPGs, FN-Fals, Steyers, and explosives. Now imagine you are living there, and loyalists or rebels break down your door, to entrench in your apartment. If you have a gun in your hand, you're pretty much dead. Is there a limit to the oppression that you see as acceptable for others, or ought there be some arbitrary limit, such as "genocide" or one of the other lines like "WMD"? |
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You have adequately answered this, it seems. Your position is not a general principle as it is predicated on the nature and stability of the government in question.
Absolutely. Furthermore, I advocated gun rights earlier in this thread, with reasonable limits. Feel free to go back and read them, so that you will stop stating what you think is my position. Please try to avoid confusing questions with statements. I do not know your position, but I am hoping to learn your position, and what those limits are so that we can then discover how reasonable they are. Since we have discovered that your position does distinguish between the governments... What gun rights ought the Syrians citizenry have, and how are these different from what rights Americans ought have, and why? |
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