Where resources are not unlimited, capitalism is the only way to efficiently allocate resources over a large population. It's not about capital, but about decentralization. The size and complexity anything is inversely proportional to the degree that centralization works. Capitalism is the decentralization of allocation.
Only? Capitalism is a way to aggregate resources (capital) through private means. Private != decentralized. |
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When the US was formed, capitalism flourished briefly.
The economy of the colonies flourished because of the support of merchant princes. These new breed of economic barons became wealthy as a result of the Industrial Revolution. The revolution, in turn, was financed by the taxes generated from the Jamaican sugar industry. Post independence, the American socioeconomic model is extremely socialist - especially for entrepreneurs. Capitalism, as we know it today, only emerged in the mid-19th century when more businesses began to emerge independent of the arms of the aristocracy and its proxies. However, its incredible success was achieved on the back of low-to-zero labor cost of slave laborers and an enormous amount of natural resources and land. The issue is a complex one. So, American success has nothing to do with capitalism? That's right. American capitalism has always been a smokescreen for oligarchy. The term capitalism refers to the financial affairs of state, not how your community operates. |
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Jed McCaleb's eDonkey, MtGox, and Ripple were all designed to be profit-based ventures under the corporate model. I can understand why his new on is under tight wraps. All of these faced an over-restrictive regulatory environment. Rather than generating revenue from ads and transaction fees, we need more people treating cryptocurrencies like stock and adding value by creating more utility and liquidity. Given that this new project is Bitcoin related, what is really needed is a complete all-in-one ATM/POS/Securities machine using something like Ethereum and Colored Coin.
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This talk about beer: does Guinness in a can count?
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Man BTC is really going to the moon  Satoshi faked the moon landing too. |
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Herd mentality: 675 was juicy moments ago, 644 is now mehhh!  Goes to say this rally is not sustainable once momentum fades away..total bid depth pretty much unchanged on stamp/btc-e/finex. You should have warned us moments ago. |
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Seems like China bans bitcoin everyday: they wake up, ban bitcoin, eat rice, jump off roof of Foxconn, eat rice again, go back to sleep and repeat.
FTFY |
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I've seen a lot of talk on these boards bashing capitalism. I want to remind people that capitalism is the only moral system of government and it has never been tried completely.
You make a bold statement like this and offer nothing to back it up. Seems legit. |
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Bitcoin needs to do to Wall Street what Hollywood did to Thomas Edison.
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 666666666666666 |
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Christianity prevails on Stamp  You know you want 666 as much as the rest of us. |
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 Come on 666! |
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There are many solutions. It's just an engineering problem. Each solution will depend on how bitcoin is used.
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I remember coming across this a few years ago, while doing my due-diligence/research for stock & forex trading. Here's just one of the links that come up when you Google 'trading, technical analysis & the moon phases' or something similar: http://www.fxfocus.org/forex-trading-and-the-heavenly-bodies/ You did not just go there on this forum. |
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A nice plugin would be to automatically rebuy from Coinbase
There are coinbase trading apps on the site. |
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We are at optimism  and then the business files for bankruptcy except that bitcoin users not affected. |
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