We are in a Sovereign Debt Crisis and what made the Great Depression so bad was NOT the collapse in the Dow, it was the complete wipe out of sovereign bonds. These bonds went off the board. The Investment Bankers sold foreign government bonds to the average person in small denominations. They were listed on the NY market. Today, such bonds are bailed-out because the bankers own them – NOT mom and pops.

Yes, in Darkcoin's case I remember him also kind of dismissing it, but also contributing some great feedback.
Skycoin already has a top-notch dev. If there are good ideas, I'm sure he'll acknowledge them and they'll find their way in. As to community noise, OP has proven that he can disregard this and continue efforts in line of his beliefs.

Welcome to my life now. That shit is what I feel again now (in spite of grinding my teeth to do 390 pushups and run 2 kms in the hills).

I used to have perfect health and energy. I used to run 13 miles (20 kms)!

The fact that it is a meshnet/darknet and messaging system, comes for free. Its just a very stripped down version of Multiprotocol Label Switching in a cryptographic namespace. It also replaces BGP and the whole thing is 2000 lines.

The government has been trying to push BGPSEC to replace BGP. The internet is currently a network of independent networks peered over BGP. BGPSEC replaces the peer-to-peer internet with a hierarchical central certificate authority. It allows the government to use court orders to shut off internet traffic for non-compliant hosts.

But lets take it a bit further. I think that this whole currency/ fight fiat thing is doomed to fail.

There can only be one winner for a global electronic currency.

But what I find really interesting, are projects which don´t focus on the currency side but rather on the functional side.
So if I may ask, what do you think about Ethereum/Maidsafe/Skycoin and maybe NXT?
All this projects aim a purpose and not so much the currency aspect.

Why do you think it is too late when the economy crushes?
Cause there will be winning cryptocurrency?
Or cause BTC will skyrocket?
Or crypto goes bust accordingly?
So it´s the endgame? :-)

I am sure your arrogance also plays a role.

Any Document Older than 180 days You Have Abandoned for Legal Purposes

Just why does government want to read everything you have ever written? They are obsessed with collecting data on everyone exactly as if this was George Orwell’s 1984. The people in charge are just insane. They have nothing better to do but act like Joseph Stalin who could not sleep at night worrying what others might be thinking. His solution – he murdered tens of millions far beyond Hitler. The Jews Hitler killed were economic based. Hitler was able to confiscate banks, business, and even collected gold teeth from dead corpses. Edward I threw all the Jews out of England and also got to keep all their assets. But Stalin killed not for money, but for fear of what people thought. He killed the smart ones who might create a counter-revolution against him. Stalin killed Kondratieff because his study of cycles said communism would fail. The Ukrainians hated the Russian because Stalin killed more than 8 million of them.

Human nature is not confined to borders. Stanley Milgram conducted his experiment with actors in the United States to see if killing the Jews was somehow just because the German people follow orders. He discovered that human nature is strange. He conducted his experiment in different cultures and concluded that humanity will simply obey authority to the point they will torture another if so directed. This is what governments depend on to maintain order. The unruly are the fearless who refuse to conform. With time, as governments always end up abusing the ruled, the unruly rise up in an organized manner. When they become the majority, revolution is born.

Today we have Stalinistic type people in the US government who are also obsessed with what the ruled think and do on top of do they have any spare change they can rob. Now, if you’ve been remiss in cleaning out your email in-box, they created the 180-Day Rule. The federal government can read any emails that are more than six months old without a court warrant. Human nature never chances. The rulers are also desperate to maintain power and fear the great unwashed that they rule because they know their abuse has limitations.

Buried inside the ambiguous language of the communications law passed in 1986, they simply self-determined that the Fourth Amendment protections against unreasonable search and seizure will arbitrarily apply only to electronic communications sent or received fewer than 180 days ago. This is the whole problem with the US legal system.

Ever since Teddy Roosevelt, everything legally has changed. Teddy was the first President to stand the Constitution on its head.  Teddy’s interpretation was that he could do ANYTHING that was not expressly forbidden by the Constitution. Hence, instead of the Constitution being a NEGATIVE restraint upon government, those in government got to do whatever they desired and it became our BURDEN to prove in a court of law that we even have any rights. Franklin D. Roosevelt created the New Deal based upon Marxism using this same family view – there should be no restraint upon government. Their view, society progressed beyond the 18th century views, which were outdated and primitive.

This was a MAJOR distinction for Congress can pass any law saying you must kill your first born or donate all female children to the government to give mass births to create armies. You actually have no STANDING to even argue in a court that this law is Unconstitutional. ONLY when the government orders you personally to kill your first born or come to take your daughter do you have even a right to go to court to argue. In other words, Congress can pass any law it imagines and UNLESS they try to apply it you someone personally, there will be no right to go to court and try to argue before a judge they appoint.

The entire American Revolution began with this very abuse imposed by the English King George III because he too needed money. In order to ascertain the nature of the proceedings intended by the Fourth Amendment to the Constitution under the terms “unreasonable searches and seizures,” it is only necessary to recall the contemporary or then recent history of the controversies on the subject, both in this country and in England. The practice had obtained in the colonies of issuing writs of assistance to the revenue officers also searching for money or any derogatory remarks made against the government was the key. These writs of assistance empowered the the king’s agents, like today, to do whatever was necessary, in their sole discretion, to search suspected places for smuggled goods and money owed to the Crown. The famous defense lawyer argued against these writs where James Otis pronounced that they were “the worst instrument of arbitrary power, the most destructive of English liberty, and the fundamental principles of law, that ever was found in an English law book;” since they placed “the liberty of every man in the hands of every petty officer.”

Edward Snowden has come out and stated that people in the NSA wrote programs to collect nude photos of girls who they were sending to their boyfriends to show around the office. Nothing has changed. Officials back then abused their powers as they do right now. Those who claim they are protecting America and they have nothing to hide, well they are fools or liars. Human nature will never change and any agent of the government will always look upon those in the private sector as people have more than they do and this breeds contempt and corruption.

This is the fate of the United States and it is part of the natural cycle of Decline & Fall of Empires. The old saying the king is dead, long live the king is indicative of the problem. When the slave becomes king, he oppresses others no different for it is now his time to rule and to do to others what he hated himself. It is not Snowden who is the traitor, it is everyone who who justifies the surrender of all rights under the pretense of protecting our liberty. History repeats with incredible timing for it takes a specific amount of time to produce the same result.

There have been two targets for a gold low. The normal technical replacement back to the 1980 high, which calls for a break under $1,000. The worse case is a drop all the way down to test our Yearly Bearish Reversal at the $680 level. The latter would certainly be possible if the central banks start selling off the gold since it no longer serves any function within the world monetary system no matter what the gold promoters argue. We are moving to electronic money so the governments can get every penny of tax. That is the trend and the governments are destroying the world economy in the process.

Europe will not disintegrate

Coase’s theorem says that an inefficient internal order will continue for as long as there remains an unavoidable frictional barrier insulating it from the more efficient external possibilities. The fundamental reason the EU crisis will not result in a disintegration of the union, at least not until its people significantly abandon collectivism, is that organisms which are unable to comprehend the mechanism by which they are consuming resources faster than their ecosystem can replenish, thus are unable to stop the mechanism before they perish. So the implosion of the friction and thus the order only occurs when they perish, because they will continue to repeat the mechanism which they do not understand to be a cause of their suffering. This can be verified in a petri dish, as an organism will reproduce until it consumes all of its food or oxygen. Due to the lack of a pre-frontal cortex, it is unable to comprehend the connection of reproduction to unsustainability. Unfortunately, even though humans have a pre-frontal cortex, they do not comprehend that debt, insurance, bonds, fractional reserve money, and centralized governance, cause the demand (and thus production) of resources to be overconcentrated in sectors of the ecosystem that create a less productive future. In the next section, I will explain that these financialization mechanisms cause collective failure and thus demand ever increasing centralization (i.e. “too big to fail”), because from their inception they all pool capital. Thus they are always collectivism.


Thus the people are blind to the mechanism which is enslaving them and reducing their prosperity. Thus, since they will not change the mechanism, centralization of governance will grow stronger from the current financial crisis, and will diminish only when the involved organisms perish. Entropy is continuously culling the center of the bell curve so that knowledge can advance. I make no political judgment when I state factually that these mega-death cullings take many forms, e.g. abortions kill 42 million annually, it is reasonable to assume birth control probably more than that, some statistics claim that governments and wars have killed a couple 100 million in the past century, totalitarianism (the political end of pooling resources) kills millions, drugs and medications probably kill millions, cancer rates are double in the ‘developed’ world (the countries with financialization), and arguably GMO food may add to that. I am not making a political judgment on reproduction, rather to state the fact that actuarial economics are constrained and politically intractable without a sufficient population of youth. And as will be explained with the entropic force, it is the antithesis of knowledge formation, to a have uniform (replicated) social action.


Europe is predominantly retirees (low or negative birth rates exacerbate this), that own various european country bonds via their retirement plans. If interest rates go up, the bond values decline, and their retirement is toast. The politics is to appease subconscious denial, which is why you see Merkel talking tough and simultaneously making gradual steps towards centralized printing and fiscal controls. The savers want to penalize the non-savers, under some illusion that they can convert the non-savers, but they don’t accept culpability for causing the problem with a collectivist form of saving. If the collectivist non-savers were converted to collectivist savers, then who would borrow? Illogical.

Thus, the savers are blind to the fact they too are collectivists. Productive europeans (e.g. Germans) want to have a fixed interest rate return by loaning money to less productive sectors who can buy their exports. Now they want to deny they are subconsciously in support of money printing, because they also don’t want their fixed income to disintegrate (even though it will be debased either way). Due to the psychological phenomenon of ‘false attribution error’ (i.e. blaming the stone that one tripped on, a form of cognitive dissonance), they want to be the victim who will spank and control the bad PIIGS, via increased centralized control. Neither the savers nor the borrowers are the victim, they all are collectivists and being culled by the entropic force. Note, Germany’s debt ratio is as bad as the USA and Canada.

Fiscal centralization to come next (link explains how), with copious money printing and centralized rationing (i.e. austerity and/or price controls). The recent health care legislation in the USA, is price controls and rationing. The only prosperous fix for health care, was to eliminate insurance a priori so that individuals could maximize and individualize their preparations for aging. I will explain that pooled savings, i.e. insurance, is collectivism and thus automatically wasted.

My outlook is optimistic, in that those who understand how to avoid collectivism, facilitate maximum knowledge formation and efficiency of market fitness, will prosper and (they and their offspring will) survive entropic culling.

Don't worry, we won't.

- You ran away to Canada

- Defected as a conscientious objector (not likely for approval)

What you are is an entitled 20-something who grew up in suburban America in a nice part of town.

Keep this statement in your back pocket. Life has a way of beating down everyone at some time or another. I think you will change your opinions as you grow a bit older and wiser.