Your missing the point. Gold isn't a currency but if it was the cost to mint a coin is negligble. What prevents counterfitting is the scarcity of supply and thus mining costs not coinage costs.
Never said anything about currency, and I don't want to get into semantic arguments. What prevents counterfeiting is that it's fairly easy to determine if an object is made of gold or something else. What enforces scarcity is that mining is difficult (and only gets more so as we mine the easy deposits), and that nobody has found a way to transmute a worthless substance into gold for less than the cost of mining. |
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Gold fails this axiom (form the article) Money should be difficult or impossible to replicate at a cost less than its cost of manufacture even by the most efficient means possible. That is, production costs (aka "intrinsic value") should approximate face value; seigniorage should be minimal to nil. Gold trades @ $1600 an ounce and today with current technology can be produced for <$550. It is not valid as a currency by the definitions of your article. Emphasis mine. Mining gold is not replication, just like mining bitcoins is not replication. Paper money can be fairly cheaply replicated, provided you have the correct equipment or a functional facsimile. |
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Now I'm to take it there will be no war in your libertopia? I'm not saying there will be no violence, but without States coercively funded through taxation, who pays for war? The one where people are starving and uneducated because we expected charities to provide for every underpaid, uninsured worker in America when they can't even keep people now from going hungry? I'm sorry, are there no starving and uneducated people in this Statist world of ours? Where every business will be socially and environmentally responsible no matter how great they can profit from doing the opposite? Has the existence of States prevented them from doing so? Where every consumer will be perfectly informed about everything they buy despite the fact that they have no time to do so now, let alone when they're working 80 hours a week for less than minimum wage. People are not perfectly informed by State regulatory agencies today. Why do you think that a monopoly regulatory agency works better than a competitive one? P.S. I'm pretty sure you know and understand that your system is fundamentally flawed, which is why you feel the need to demonize the caricature of ours. |
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Your participation didn't help the situation. Care to point out where I advocate for tribal warfare? |
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In another thread, he was arguing with me and seemed to be all for tribal warfare. It's self governance, after all.
[Citation needed] Hint: you're attributing positions to me which I do not hold. |
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I told you before and I'll tell you again:
Chupa-me a pila e chama-me tarzan...
If you've got to obfuscate what you say so that others can't understand it, why say it at all? Translated: Suck my dick and call me tarzan |
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I'm Satoshi. Any mod can confirm that I, BitterTea did in fact say this. |
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I still don't see how "representation without taxation" = immoral. Sub-Sahara African nations are surely war-torn by tribal conflicts. Let's talk about non-extreme areas of Earth, please. Howsabout Northern or Southern African countries? Any examples there where people live peacefully but don't pay taxes to support their country? If not, then on any continent?
You'll probably get further in life if you do your own research to support your conclusions. |
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Founders Note:
First they ignore you, then they fight you, then you win... clearly with zero mention of bitcoin on the gold and silver site.. now they go full out against bitcoin? Where the hell did that come from?
If you've think we've won already, I've got bad news for you... the fight has yet to begin. |
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new design for the website from 99designs.com
You might want to consider hiring a designer from the Bitcoin community. I recently needed some logos for a project, I found someone on the forums that used to do work for 99 designs, and got quite a deal. |
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Publicly != coercively. Nice try.
I assumed by "publicly funded" you meant "tax funded". If you don't think taxes are coercive, what happens when an individual doesn't pay it? Taxation without representation is immoral. In a Representative Republic, we make laws that require taxes for funding in order to keep society progressive. If you don't pay taxes, then you are expecting to live in a society that provides for your safety and health and offer nothing in return. My momma didn't raise me that way. Did yours? My mom raised me to not use force except in self defense. Not even to raise tax money. Did yours? |
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Publicly != coercively. Nice try.
I assumed by "publicly funded" you meant "tax funded". If you don't think taxes are coercive, what happens when an individual doesn't pay it? |
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Great, so everyone but Red is all for publicly funded education and healthcare. Those two things go a long way to creating a powerhouse economy and a prospering middle class.
Another beautiful fallacy. Being against coercively funded education or healthcare != conservative. Keep them coming. I'm also against coercively funded food and shelter, but I bet you are too. |
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...
Conservatives != libertarians |
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I currently do so. I do not understand its relevance with regards to my involvement in this thread..
You seemed to express incredulity that education for the poor could be provided voluntarily. I was suggesting that since you and others currently voluntarily do so, or at least would voluntarily do so if they were not forced to do so, that they would continue to do so without being forced. |
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I am going to be completely honest here; I have no fucking clue what you are trying to say with the post quoted above.
Would you charitably contribute to the education of poor children, were you not forced to do so by a government? |
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Wow....just...wow. What hell did you crawl out of?
Your incredulity rebuts itself. You are obviously happy to provide education to the poor, thus you and the others like you, would be happy to provide education to the poor in a stateless society. You would do it without the bureaucratic overhead of a state. |
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What is everyones opinion on the recent rumours of bitcoin dying, all of these new replacements to BitCoin coming out (SolidCoin, etc)? I mean, I really don't want to start investing too much in Bitcoin if it's going to die soon (which would be a pity ;()... Just wanting opinions  Nothing has fundamentally changed with Bitcoin, I do not see it as dying. As far as the alternate chains... be skeptical of any claims until the code has been vetted by an independent party. |
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It's funny, but I was going to write about this Carlin bit right when I ran into this post earlier. Atlas and I seem to be on the same wavelength, but with inverse phasing and opposing direction.
Either he's not Atlas, or Atlas has improved in his ability to communicate in a very short time. |
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