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41  Economy / Economics / Re: Shall I hold or invest with %12.5 premium per year ? on: December 09, 2015, 03:37:54 AM
You can buy futures with some of your coins and invest the rest in certificates.
This is the most efficient way, but you need to decide on a risk management strategy.
It depends on whether there are local currency instruments available for hedging your position; you would probably have to open a position in the forex market to hedge the value of your local currency versus the USD.
You can decide your risk management based on your expected income and your risk appetite.
For example, if you have 2 bitcoins and you invest 1 bitcoin in futures at a leverage of 2x, you can then use the remaining 1 bitcoin for investment purposes because you are hedging the value of 2 bitcoins and your futures position will gain value as if it was 2 bitcoins even though you only invested 1 bitcoin in futures. However, if the price drops significantly from where you bought the future (about 50%), there is a risk that your futures position will be closed at a loss and you could lose 1 bitcoin unless you deposit more funds to keep your position afloat.
I suggest watching the lessons about futures on Khan Academy to learn more.
42  Other / Politics & Society / Re: Pollution - The Major Problem Today, How can prevent from this ??? on: December 09, 2015, 02:28:15 AM
IQPR technology can solve most of the pollution problems.
43  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 08, 2015, 10:14:44 PM
So do you have any questions to the fiat model itself? I don't quite get your point. The fact that it can be and is heavily abused doesn't in the least take from the fact that it is the best monetary system in existence today from an economic stand-point. And ethics cannot be applied to it since it is simply an economic model (don't know if this category can be applied to a model at all)...

It lies beyond your dilemma of the ends (not) justifying the means
Ethics has to be applied to politics to be of any value, so therefore philosophy and politics apply to political economy.
Economic systems cannot be isolated from their political milieu and the political system must be ethical to be justified.
So if the (political) economy is not ethically sound, then the economic model is flawed ab initio.
44  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 08, 2015, 09:45:29 PM
Virtually all nations have a central bank based upon the fiat model, and all are controlled by the same cartel.
So what about the ethical model behind today's USD? Is it not grossly flawed?
Here are some of the results of the slavery system that has been imposed upon America:
45  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 08, 2015, 09:25:49 PM
As I can see you decided to ignore the fact that "slaves to fiat" turn out to live longer and, on average, better than slaves (well, adherents) to "sound" money. Your question is meaningless since under slavery slave owners and slavers (i.e. sellers of slaves) are the primary beneficiaries...
So in your opinion it is OK to enslave--so long as the ends justify the means?
In my opinion, ethics and philosophy should influence the political structure which will dictate the nature of the economy. I believe in natural rights, so my opinion is that slavery is immoral and the present slavery system cannot be justified. What do you have to say about that?

But I think you are grossly misusing the term
You have not educated yourself about how the banking system really works in this country. I suggest a careful examination of the reading material that I posted earlier, in particular the flow chart labeled "loan accounting reveals the true creditor" which is linked from the HJR 192 site. The Treasury was supposed to belong to the people, not private elitist bankers. Until you can access the Treasury for yourself, you are a slave who cannot access your own value. Everywhere in the USA the peoples' rights are being ignored; literally every one of the 10 Amendments have been and still are being grossly violated on a national scale and particularly the ubiquitous crimes involving illegal "bills of attainder" and debtors' prisons are a direct result of the monetary system which by all appearances has taken over the original justice system that was designed for this country; that is because slaves have no rights and the people have not educated themselves; it is obvious that a slavery system has been imposed upon the populace. Your defense of the slavers is an apparent case of Stockholm Syndrome.
46  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 08, 2015, 08:39:41 PM
Here is a definitive conclusion:
Ask anyone who was earning a wage prior to Nixon's default on the currency (the end of sound money)
about how much they earned and how much their purchasing power was.

No, I don't actually need to ask anyone living prior to Nixon, lol. Why? Because I already know the answer.
Right, I told you the answer  Cheesy ; the fiat system is based on slavery; we live in a dulocracy.
In all slavery systems: over time the slaves are made to work harder for less, this fact is a result of the ignorance of the masses within the political structure (i.e. dulocracy) and it has nothing to do with technology.
I detect some sarcasm in your reply; what is the purpose? You need proof that you are a slave?
Since you are promoting slavery as the best system "economically", I am entitled to ask who benefits and what exactly is meant by "economically".
47  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 08, 2015, 07:23:28 PM
Here is a definitive conclusion:
Ask anyone who was earning a wage prior to Nixon's default on the currency (the end of sound money)
about how much they earned and how much their purchasing power was.
They will all tell you that they had money to burn even though the wages were miniscule.
Nowadays most people are just barely getting by; life was better with sound money.
Basically, their wages were in silver dollars, so one dollar was an ounce of silver (about $15-$17).
The value of labor has obviously been stolen from the workers by the debasing of the currency;
this is what happens in all slavery systems: over time the slaves are made to work harder for less.

As far as living standards, the Fed caused the Great Depression and the next crisis is just around the corner. Wealth has not "trickled down"; inequality and social mobility are important measures of the standard of living and these were clearly better during the sound money eras of the past.
48  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 08, 2015, 06:04:25 PM
I tire of your theory.
WHO does this system work for?
The current system does not work fine for anyone but the elites; they are the ones who hoard the credit and assets and leave them idle; money velocity has slowed down dramatically. It is pure "idle worship"; energy must flow through a system because stagnation is death.
How all of this could possibly be "economically better" than sound money is something that I fail to comprehend. I don't think that you can determine that an economic system is "better" unless it is in reference to some group of people; economics is a social science and is properly called "political economy". It has been shown that the people manage money better than the State but the peoples' productivity and creativity is cheated by the monetary system. Cui bono??

"Of all contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money." - Daniel Webster
49  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 08, 2015, 04:38:44 PM
The Dollar just isn't what it used to be; it is no longer a measure of value, it is pure "dimensionless" ponzi.

Nature of the Dollar (it may also contain misunderstanding about "Trust"):
http://thefederalmafia.homestead.com/letteronmoney.html

"Federal Reserve Notes are not Dollars." - Russell Munk Assistant General Counsel, Dept. of the Treasury 1977

"Of all contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money." - Daniel Webster

More quotes
50  Bitcoin / Bitcoin Discussion / Re: What's your story, how did you become interested in Bitcoin? on: December 07, 2015, 02:19:14 AM
I was searching for information on "lawful money" when I came across this thread:
https://bitcointalk.org/index.php?topic=4941.0
51  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 06, 2015, 11:01:47 PM
A recent survey showed:
50% of merchants who accept bitcoin convert it all to fiat. 10% keep the bitcoin. 40% take a mix of fiat and bitcoin.
I conclude that the use and acceptance of bitcoin as money is growing.

What fraction the merchants accepting Bitcoin convert to fiat is not as important as the total amount of goods traded for it (in terms of both fiat and Bitcoin). What is it equal to, does it grow and how fast? If two people sold something to each other for bitcoins and kept them, we would have 100% of "merchants" loyal to Bitcoin, wow...

But does this "statistic" tell us anything?

The number of goods traded for bitcoin is basically a function of the market cap.
I don't think that the market cap is as important as the fact that it is a viable alternative that works; I can and DO trade ALL of my bitcoin for goods because there are many advantages to using bitcoin for trading in goods, the first one being that one gets to "starve the banks"! As mentioned in another thread:

~Anyone can (in ~complete security) use Bitcoin to send ~any amount of money ~anywhere in the world, ~instantly and for ~free.

To me, that seems like a fucking miracle on the order of life, consciousness, wheels, fire, and Teflon.  Where's the issue?

In exactly what way does Bitcoin not work just fine?
52  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 06, 2015, 10:03:45 PM
A recent survey showed:
50% of merchants who accept bitcoin convert it all to fiat. 10% keep the bitcoin. 40% take a mix of fiat and bitcoin.
I conclude that the use and acceptance of bitcoin as money is growing.
Another recent survey showed:
Bitcoin acceptance and use is growing faster than the internet but slower than mobile phones because the latter network was able to utilize existing networks while the former had to create a new network from scratch. This indicates that trade conducted in bitcoin is growing, and not diminishing.
I have thought about how VAT and sales taxes are often comparable to the loss incurred by a barter transaction (up to 10%); it seems to me that avoiding VAT and sales tax is a great use case for bitcoin, and obviously certain groups of people will try to use it for most of their transactions. Also, Since there is apparently not enough money to pay back all the loans with interest, the fiat system creates economic distortions on a massive scale, so bubbles in fiat assets are somewhat comparable to those of crypto-assets.
53  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 06, 2015, 06:58:03 AM
Usury is when the state uses the peoples' assets and keeps them ignorant about how to access their own value.

Could you expand more on that, namely, what you mean by accessing the value of assets? I don't get it

I am so glad that you asked. There is A LOT of misinformation surrounding this topic and the monetary system in general, so I will summarize my understanding and I hope that those who read will educate themselves enough to formulate a response.

First, you have to understand the entire context around HJR 192 and the 14th Amendment.
Second, you need to be aware of the nature of the SS Card: it is a promissory note.
Finally, you need to stand as a fiduciary over that SS account and utilize (or liquidate) that note.

Required reading:
Wizard of Oz ….The “Coded” Movie of what really happened to America
http://www.whale.to/c/wizard_of_oz1.html
HJR 192 Overview, it seems to contain some misunderstanding about "Trust" but this is a good place to start
https://iuvdeposit.wordpress.com/hjr-192/
Archive of Documents posted on the Yahoo Group "WeThePeople_Shareholders" (check Yahoo to get the latest documents; it is a work in progress)
http://econcurrent.com/devine/files/37-TreasuryAccount/
Nature of the Dollar (it may also contain misunderstanding about "Trust"):
http://thefederalmafia.homestead.com/letteronmoney.html
Nature of a Bond:
http://stopthepirates.blogspot.com/2014/03/in-order-to-win-in-court-you-have-to.html

If something is hard to understand, you will probably need to use a law dictionary; Ballantine's and Anderson's are recommended.
54  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 05, 2015, 09:04:01 PM
Usury is when the state uses the peoples' assets and keeps them ignorant about how to access their own value.
55  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 05, 2015, 08:43:19 PM
The problem with current economic system is that it is "system of debt". I system of debt one of the two parties is always the slave. Is is an architecture of money where you have no control.
An architecture of money where every interaction is mediated by a third party that has absolute control over your money.
Bitcoin is fundamentally different because in bitcoin system, you don't own anyone anything, and no one owes you anything.

You can learn more from this awesome video: Documentary: The Bitcoin Gospel - https://www.youtube.com/watch?v=8zKuoqZLyKg&feature=youtu.be&t=224

The Fed is the source of credit. Credit is no different from faith (credibility), so the Fed has created a monetary religion that controls the barter economy. Fortunately, anyone can barter with bitcoin or any other commodity without the need to participate in a deceptive religion.
56  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 05, 2015, 04:16:41 AM
a balanced (read not being constantly abused) fiat system?

In my opinion, a balanced system can only exist in the absence of usury.
What do you think a balanced system would look like?
How do you propose to bring about a balanced fiat system?
How will the people acquire control of the money? How can it be taken from the central bankers who will NOT give it up voluntarily?
I personally cannot see the system coming to balance when so much wealth and power is held by so few. I think we must democratize currencies and cryptography while eschewing all private credit and usury systems, then we can realize the vision of the founding fathers:
"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them." - Patrick Henry
"Bank-paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs." - Thomas Jefferson
"But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create money and control credit." - Sir Josiah Stamp 1920 - Director of Bank of England
More Quotes Here
Bitcoin is backed by the credit of those who accept it (i.e. demand it). The people who DO accept bitcoin are giving it value by driving the demand; I am convinced that these people will always exist, so therefore bitcoin is an asset with value of its own.
57  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 03, 2015, 09:15:52 AM
In the fiat system, the early adopters get the high interest rates at the expense of later adopters.
58  Bitcoin / Bitcoin Discussion / Re: Silk Road Founder Ross Ulbricht Sentenced to Life in Prison on: December 03, 2015, 03:06:31 AM
For those interested in not paying your taxes. I'll visit you in prison and sorry I don't want to change tax law. I like having a working infrastructure. I've gotten used to streets with lights over them. lol


http://docs.law.gwu.edu/facweb/jsiegel/Personal/taxes/IncomeTax.htm


I will be happy to pay all taxes that are due, as long as the government pays me what THEY owe.

As far as the income tax, all receipts from that tax go towards funding federal transfer payments and interest on the national debt (Grace Commission Report); none of it goes towards what people expect to be paying for. LOL?

Now If you think that the tax code (or any code) applies to living people, then by all means pay your tribute and do NOT question the authorities. If you have doubts, then ask the question and be prepared to stand up for yourself when you get the run-around from these authorities.

By the way, to get out of prison... See Volume 1 of the Statutes at Large: An Act providing for the relief of persons imprisoned for Debts due to the United States. 5th Congress 2nd Session Chapter 49.
This act allows one to petition the Secretary of the Treasury to make a conveyance out of one's estate in order to discharge oneself from prison. The foreign de facto UNITED STATES are holding our estates in offshore mortmain accounts, that is why Social Security has been modified by the queen of ENGLAND.
https://en.wikisource.org/wiki/United_States_Statutes_at_Large/Volume_1/5th_Congress/2nd_Session/Chapter_49
59  Other / Off-topic / Re: Scientific proof that God exists? on: December 02, 2015, 07:52:48 PM
If you like Einstein then I highly recommend the Ancient Aliens episode "The Einstein Factor" which you can find online.
60  Bitcoin / Bitcoin Discussion / Re: Silk Road Founder Ross Ulbricht Sentenced to Life in Prison on: December 02, 2015, 07:15:04 PM

One of the best websites that show you the basic requirements that government has, and the court cases to back it all up, is http://voidjudgments.com/. If Ross doesn't use the rich info found on this site, he loses. If he does use it, government not only loses, but also, government pays Ross for harm and damage done to him by government, including the return of all his property.

Smiley

I really dare you  to try this stuff out in court someday, - best case outcome you get held in contempt before sentencing, worst case a judge angry at your shenanigans hands down a harsher sentence

They could charge you with contempt, but you can just purge yourself of that contempt.
I really dare you to ask your local courts about whether OR NOT they have EVER addressed a living, breathing American. Ask the tax authorities if YOU, a living, breathing American is liable to pay the tax.
You should be experimenting too, if it is a real DARE. Why don't you try some of this yourself? Go and get a declaratory judgment stating that the court's decisions are binding upon living beings and people.
What? You are too lazy to ask questions? Too fearful? Not sure what you'd do with THAT knowledge?
Most people will spend their whole lives defending their ignorance and will neglect to QUESTION AUTHORITY.
Why is that? You are daring BADecker to question authority, but why don't you try it for yourself?

BADecker doesn't really understand how the legal system works or any American history. I love seeing kooks on the web that refuse to pay taxes because that proves they don't understand the legal system and can't read plain English.

U.S. Constitution, amendment XVI
Quote
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.

It's ok to question authority because that allows us to reveal bad actors in the system. But when you question and find they are correct you stop questioning and accept the outcome.

That amendment did not create any new powers of taxation. You are just repeating the myth, you did not question or research anything. How do you know that the tax apples to people unless you ask?? How do you know that the courts have authority over living people unless you ask? You have to change your level of thinking and start asking questions.
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