I do agree that there seem to be a lot of libertarians in bitcoin, and attempting to suggest that bitcoin is the libertarian solution. There is some truth in some of these libertarian claims, but I try NOT to let them bother me to the extent that some of the ideas seem contrary to mine. In other words, I believe that there is room in the bitcoin world for NON-libertarians and NON libertarians can positively influence the direction of bitcoin.
greedy financiers are definitely in the midst.. but they are NOT gonna derail bitcoin.. at least NOT in the near term future.
So, derail is the wrong word.. influence and manipulate, yes to some extent, but derail.. nope... dont think so...
True enough. Bitcoin embodies many libertarian principles but that in no way makes it the exclusive domain of libertarians. |
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The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
Hooray for collectivist misappropriation of wealth. Down with those stinky libertarians who think you should keep what you earn. Privatized profits and socialized losses for all!* (*all rich financiers, that is) |
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When Chartbuddy turns up missing for 3 hours, the news can't be good.
Goat turns up missing.
Chartbuddy turns up missing.
One by one, 'til only Jorge and Fonzie are left.
Who's next?
Oh crap. I knew I forgot something when I shut down that server. |
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btw, did we find out, why this thread is collapsing in page numbers? I find this really confusing, when trying to catch up
goat is moving on and deleted evidences. It is the Bitcoin deflation we have all been warned about. |
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As an Australian I feel duty bound to call bullshit...and that is fresh from the cow. No-one is going to misunderstand the word "day". Admit it, you smatter your posts with Latin to show off (but you'll argue the toss because you think its crass to be vain).  When it comes to language, some have an 800 piece toolkit and some have a rusty spoon. |
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To me it is the worst way to describe bitcoin because the meaning of "virtual", especially in the context of the internet implies a "non-reality" or simulation of something real.
Indeed (to the non-reality). Show me a bitcoin. Or even a "bitcoin serial number". There are only transactions. Virtuality in almost its purest form. It probably deserves the "virtual currency" monicker more than traditional virtual currencies. |
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And here I thought you were just some silly dude who tried to ban twitter by blocking DNS, but I really like the way you put that. I will now steal it for my signature. Thanks Erdogan  Actually, "Virtual currency" is pretty correct for Bitcoin. There are no bitcoins, only the transfer of bitcoins. |
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I think I understand how money works. I understand in particular that issuing new money transfers real wealth from the society that uses it (not just those individuals who own or use it) to those who issue it (and "of course" keep some of it for themselves).
...
It will hardly "perserve wealth". It will transfer a lot of wealth from some people to other people. Who will be the winners and who will be the losers depends on whether it will succeed or fail.
You almost get it. And then you don't. It will preserve the wealth of the individual from the clutches of those who control the presses in fiat currencies. |
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It is not clear yet what killed all the other non-flying dinosaurs, and why the ancestors of the mammals (which were smaller than mice, AFAIK) survived. I am not aware of any evidence that they were more intelligent. Perhaps it was a multi-year cold spell that killed the non-flying dinosaurs, and the pre-mammals survived only because they had better body temperature regulation (oops, sorry for the dirty word  ) and lived off insects which lived off fungi that lived off the corpses of the dinosaurs. Or whatever. How about air superiority? The flying dinosaurs killed and ate all the land-borne dinosaurs. Then, without food, they adapted to eat things birds eat (millet etc). Then the mammals moved into the space vacated by the land-based dinosaurs. By which logic, the flying dinosaurs, a proper food supply having returned, should be re-evolving and attacking us from the skies. Watch out. |
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The last two years, BitStamp have never fallen below 3 months low. I don't think that will happen in the next two years either. 2014 will be a great year for Bitcoin.
Bold added  I made it lime green. |
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THIS AINīT A BULLTRAP  Please tell me someone has put a bunch of the Dorian pictures to music? I think rap would be the most appropriate (though I hate it dearly). |
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Ill buy when I see an order for 250 Bil.... right then, sheep be sheep.
FTFY |
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I have learned many interesting stories about electronic voting but they are too long and too off-topic to tell here...
It's OK. As they say, dinosaurs die and the world keeps turning. Voting will continue to trend to electronic. It's fun to hear you bray at it. Actually, Jorge is pretty on the ball here (not surprised at that, it's his field). Of course, you can still stuff the paper ballots but it's a lot harder. |
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I personally feel that all business startups are Ponzi schemes, say computer, internet, etc. Ponzi is the pattern how the universe operates. It's not a matter of good or bad but a matter of true or false. A Ponzi scheme can only be true by more and more people joining in to the extent that whole community can not live without it. I hope I'm correct here.
No, a Ponzi must *always* have more people joining to continue. Bitcoin is not yet self-sustaining but would be able to form a stable economy with a small proportion of the population it could eventually reach. Startups likewise. If a stock actually pays dividends, it doesn't even have to rely on the "greater fool" thing to benefit stock holders. Unfortunately government tax policy discourages this. |
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Is that so? If a thief spends a few bitcents of his booty now to buy a pizza, the payment will be visible and the police could catch him by following the delivery boy. As long as he leaves the coins untouched, he cannot be traced through them, and they cannot be taken from him. If he waits for a few yers he may even be beyond the reach of the law.
Launder some bitcoins through a couple of shell wallets then say you sold a bunch of DVDs for some bitcoins to a guy you met in a bar. |
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Doesn't the use of btc ATMs defet the whole purpose of Bitcoin?
No. A strong network of bitcoin atm's is exactly what bitcoin needs. Bugger exchanges. Your average Joe does not want to go through that convoluted mess. It's for the day traders. Bitcoin ATM's are a nearly idiotproof way to access the system that every Tom, Dick and Harry is familiar with. The problem is that there is no Tom, Dick and Harry interest to buy bitcoin as they are fearing it is a bubble and their hard earned money will vanish Until there's a rally then they'll rush to buy in and complain when it collapses. |
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Haha, who knows? Gox is less transparent than the Obama administration. That should have been a red flag right there. That might have flown if the Gox management were Japanese but they were just located there. Karpeles is French which should have been another red flag |
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I need to stop looking at charts and work out how to get into building Bitcoin infrastructure.
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I'm to afraid to hit buy or sell order. What to do..  Start diversifying? |
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Those $15 Nakamoto haircuts don't pay for themselves. (Or perhaps they do?)
Trading Bitcoin is sometimes like predicting what a herd of gazelle may do at any given time. Leave them be and they naturally want to graze forward occasionally reproducing more, more, more. Show them a lion and all hell breaks loose for a while, whether the lion was indeed a lion or even just a lion-shaped shadow. NewsWeak's "finding Satoshi" was basically equivalent to:  ...but it was good for $15 drop if one expects the herd to scramble. I posted an animated gif of a chicken chasing some sheep around a barnyard once. I can't find it again but I believe it's a similar effect. |
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