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It wouldn't be good for Bitcoin because Ron Paul would "fix" the dollar, so no reason for people to adopt Bitcoin to escape the dollar inflation. :->
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http://bestplaces.nydailynews.com/voyeur/internet-billionaire-donates-125-million-create-libertarian-islandsInternet billionaire donates $1.25 million to create libertarian islands Peter Thiel has made his fortune by being part of the next big thing: He was a co-founder of Paypal and one of the early investors of Facebook. But a new Details profile sums up his new plans: “Forget startup companies. The next frontier is startup countries.” Thiel has donated $1.25 million to the Seasteading Institute, the brainchild of Patri Friedman, a former Google engineer and grandson of economist Milton Friedman. Here’s the gist: creation of libertarian, sovereign nations built on oil-rig-type platforms anchored in international waters and free from the laws and moral codes of any other country. Plans for the prototype include a movable, diesel-powered 12,000-ton structure that could house 270 residents. The goal would be to eventually link hundreds of the structures together. Friedman’s timeline is to launch offices off San Francisco next year, get a full-time settlement within seven years and eventually diplomatic recognition from the UN.  “The ultimate goal is to open a frontier for experimenting with new ideas for government,” Friedman told Details. Some of the changes: no welfare or minimum wage, looser building codes and few restrictions on weapons. Friedman thinks what could set this apart from an Ayn Rand novel – or even a remake of “Waterworld” – is the idea of entrepreneurship. He calls one idea Appletopia. A corporation, such as Apple, “starts a country as a business. The more desirable the country, the more valuable the real estate.” Criticism of the idea hasn’t been kind. Slate’s Jacob Weisberg called it “the most elaborate effort ever devised by a group of computer nerds to get invited to an orgy.” Yahoo News points out that Thiel made news this year for putting a portion of his $1.5 billion fortune into an initiative to encourage entrepreneurs to skip college.
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Nothing has "intrinsic value". All there is is
supply and demand. That dictates the price,
that's all there is to it.
Of course, but before there can be demand, there must be value. When people don't value product A, they won't create any demand for product A. That value may be purely subjective of course. Where such subjective valuations usually come from, let that be OT for now. But for Bitcoin specifically, the point I'm trying to make is that people build their valuations largely from future expectations. The change in value over time is the basis of almost every investment ever.
Yes, but in my view this is especially strong with Bitcoin. For example, the price of Apple stocks is pretty much reflected by what they have in "store" right now, all currently available goods and services. For Bitcoin, the price is reflected more by the expectation of applicability and infrastructure that will be around in about 3-4 years. That's because Bitcoin's deflationary concept is surely quite unique and incomparable to anything that existed before. |
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...and that's a good thing. It's in its nature. And it will always be.
Let's face it, the currently available goods, services and other infrastructure around Bitcoin alone cannot explain an exchange value of currently $11. It also has proven to be so ridiculously volatile because of the low market size in relation. But that doesn't mean it's all just hot air or a bubble or anything like that. Because of Bitcoin's quite unique deflationary concept, conventional approaches of market analysis and prognosis might not work here.
The quite novel additional aspect is that Bitcoin's value at a given time is already largely comprised of people's future expectations, much more so than anything else we've ever seen in traditional markets.
The value now already reflects what people believe Bitcoin and its infrastructure will be worth in about 3-4 years. But the value in 3-4 years then in turn will reflect what people believe it will be worth in around 7-8 years, and so on.
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BUT, that assumes that the password hacker knows that he is using an md5 hash for his password.
[...]
Basically, it's very secure (IMO), as long as you don't announce to the world that you're using it.
Such an approach is known as Security through obscurity and not very recommended. |
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Being disconnected from the main site makes us less official, which in turns makes the media less likely to use someones inane post as a source of valid information.
Ah now I understand why the Forums link on bitcoin.org merely links a google search for bitcoin forums since a while ago.  Why don't they go all the way and use lmgtfy.com then.  |
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ihr seid so bescheuert deutsch. sorry. gehe wieder ins englische forum.
Jawoll, mit teutscher Grrrüntlichkeit und Gewissenhafftigkeit wirrrd bei uns der Bissmünzenhandel geregelt.  Sich über unsere Tugenden lustig machen aber dann unsere zuverlässigen Autos fahren wollen. Najo dann mal weiter in der Liste. realhuette - TH-R111219 esmog - TH-R111474 Schleicher - TH-R111617 ewibit - TH-R114143 wareen - TH-R114158 bluetowel - TH-R114190 Sassacus - TH-R114235 landscape - TH-R114692 turbofoen - TH-R114733 FalscherGold - TH-R115454 skipo - TH-R115610 herzmeister - TH-R116405 |
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pitch blower |
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so i hope this conference will come with a rally built-in  |
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Nice ones, looking forward to see those animated logos in MtGox's and TradeHill's future ads on a new prospected LibertyTV channel.
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Hat man halt darauf verzichtet 'hochgeheimes Militärprojekt' draufzuschreiben und so vermutlich den ein oder anderen Wissenschaftler zur Mitarbeit bewegen können der an einem Atomkriegsszenario nicht mitgearbeitet hätte.
Joa will eigentlich nich noch mehr vom OP ablenken, aber interessant ist das allemal. Zu meiner Zeit haben wir das wirklich noch an der Uni so gelernt. Womöglich ist das Ministry Of Truth gerade mal wieder Orwell-mäßig dabei, die Geschichte umzuschreiben. Mit Quellen aus dem Interwebz kann man zwar heutzutage ja auch jeden Scheiß belegen, aber hier ist mal eine etwas ausführlicherere Ausarbeitung zu dem Thema (stammt zumindest mal von einer .edu Domain): http://www.cistp.gatech.edu/publications/files/ARPANETv8.pdf |
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Das Bitcoinnetzwerk wird auch unter Krisenbedingungen nicht komplett zusammenbrechen. Es genügen theoretisch zwei Rechner weltweit um das Netzwerk aufrecht zu erhalten. Hierfür müsste schon das komplette Internet versagen. Und in solch einer Krise hätte wohl auch Gold keinen praktischen Wert mehr, geschweige denn Bitcoin Das Internet, damals Arpanet wurde dereinst ja vom US-Militär gerade zu dem Zweck geschaffen, einen nuklearen Krieg zu überstehen, indem sich die Datenpakete eben selber ihren Weg durch das Netz suchen können, anstatt explizit immer angeben zu müssen, dass man ein Datenpaket von Rechner A über Leitung B zu Rechner C und von da aus über D, E, F... letztlich zu Rechner Z schicken möchte. Kommt also dem Bitcoin nur zugute das alles, nur Zugang zu einem dieser exklusiven Hi-Tec-Bunker bräuchte man halt. |
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It's my Ferrari currency soon. |
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Kann ich mich nur anschließen, ein erquicklicher Abend, eine supi Location, und ultimative Enthusiasten seid Ihr ja alle. Freu mich scho aufs nächste Mal, vor allem aufs Bier.  |
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ich werd dann mal so um 7 vorbeischaun wenn's recht is, kenn zwar niemanden und konnt auch niemanden mehr mobilisieren, aber die neugierde treibts |
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I think casino and sports betting sites should also act like exchanges.
It's too complicated for new folks to grasp the concept of bitcoin first and get a client up and running when all they wanna do is gamble.
So bitcoin gambling sites should accept USD, EUR, etc to load one's account. The gambling money then must be bitcoin and it can be advertised that bitcoin is "by the way" a new and open digital currency standard and can also be used on other sites and for other purposes. People will surely like that.
This would also bring a whole lot of money into the economy.
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alex jones already said he'll look into it and he will undoubtedly search for his name in the forum and find this thread. |
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Libertarianism isn't opposed to open source or anything like that. We like voluntarism very much.
Oh yes I also like it very much when people volunteer to mow my lawn and clean my dishes. I'll look a bit more into the matter, thanks for the links, but for now, getting people to volunteer in a free market economy to me tastes a bit like taking advantage of noobs or idealists. |
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