That fits in rather nicely with my usage of the word. AnCap supporters want exclusive control by means of imposing "the one law" on ALL of society, and... I'm sure that does indeed fit quite nicely with your usage of the word. Unfortunately, it doesn't fit with the sentence you're using it in. I really don't see why you have such a problem with it, since that "one law" says only "Don't bully, don't hit, and don't steal." Did your mommy not teach you these things? His mommy probably taught him "Don't bully, don't hit, and don't steal" all the while mommy herself bullied and hit him all the time (and no doubt treated his property as if it belonged to her). That's how he came to believe that stealing, hitting and bullying is okay and virtuous, so long as you are part of the magical group of people with permission to do so. Inconsistency, lies and selective violence is how you breed a normal kid into a statist moron. |
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Rassah,
If you made some effort to understand cunicula's posts, you'd have realised that the mining business with PoW is very similar to saving in PoS: you invest money into it and are rewarded with newly-minted coins for that.
The differences are strongly in favour of PoS though:
* With PoW minting wastes power, with PoS it doesn't.
* With PoS mining returns are predictable and fair (proportional to the capital invested), with PoW it's more like a gamble (some people make a lot, others take a loss).
I don't know why you must resort to insults instead of making your point clear.
cunicula, I salute your patience!
Rudd-O, myrkul, bad, bad trolls.
Cunicula is honestly the only person I blatantly insult like this, and I only do it because that's what he often does to others. I have no problems with stooping down to other people's levels if I feel they deserve it. I don't even bother insulting him anymore. An insult is far too precious to waste on that angry shithead. |
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Either that, or you're trolling.
I find that to be entirely likely. The level of statism in his posts exceeds even the most brainwashed posters I've talked to, and approaches Colbert Report-style parody. I concur. That is why I added him to my shitlist and he gets no more replies from me. My time is far too precious to squander on the likes of that fool. |
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We can't audit the Fed, so we can't prove they are insolvent. They can continue to trade as if they are solvent and nobody can prove they don't have the funds to back up their positions.
The FED can never go insolvent because they create the money. Just like in the Parker Brothers MONOPOLY game. And yes, you're right, nominally, this is true, they can't go "insolvent". In practice, though, they could print all the money in the world and still be unable to solve debts they must pay, because at some point everyone says "I don't want your monopoly money anymore, fuck you". Hence, insolvency. |
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"in case evacuation needed"
LOL |
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I don't think we need to debate conspiracies or conspiracy theories to know that states are malevolent organizations, when the result of statism is pretty clear: 250 million dead corpses, only in the 20th century, excluding wars.
Who needs to determine whether two mafiosi got together to create a plan to filch some coins fromm the people, when the hundred mafiosi have already murdered thousands of people, right?
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Well, this is true. Unfortunately, the per capita percentage of underground economy in the U.S. is nowhere near the levels of countries like Argentina or Ecuador.
Devaluation of the dollar hasn't yet reached the same levels those countries have experiences in their currencies. If the dollar went down, Ecuador would be fucked once again. That would be LOLsome. Bad Luck Brian Ecuadorians. |
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New Hampshire's motto is perfect for it!
In other news: large dropoff in New Hampshire population as inhabitants unable to live free. |
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The credibility of the current politicians might be low, but the credibility of the state as a religious idea, is at an all time high. It's got nowhere to go except down. The credibility of the state is inversely proportional to the size of the informal economy, and that's not going to get smaller any time soon. Growth in the underground economy is the normal and expected response of a population to economic stress, we've seen that in every country that's had a major currency crisis. Well, this is true. Unfortunately, the per capita percentage of underground economy in the U.S. is nowhere near the levels of countries like Argentina or Ecuador. |
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Never underestimate the state's ability to scare or beat its citizens into submission.
Plus, the state's credibility isn't exactly riding high these days. Naw. Fifty percent of the people are dependent on the state at least in some form, if not totally. The credibility of the current politicians might be low, but the credibility of the state as a religious idea, is at an all time high. |
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I suspect Bitcoiners are sometimes a little to prone to believe that 'the people' will be on their/our side. Particularly US Bitcoiners.
To people who:
- rely on direct assistance from the government for necessities like food (a rapidly growing number)
- rely on the government for employment (a pretty large number which, notably, include the paramilitaries)
- rely on the framework which the government facilitates such as infrastructure, foreign policy pressures, etc (a huge number)
threats to the USD, and even similar replacement in the event of a failure, are pretty much a direct and immediate threat to their mode of existence. This is actually a reality, so all the government really has to do is to make the reality apparent in order to sway probably a significant majority to support 'the official system'.
Since very few individuals have gold, and even fewer have BTC, I don't think that the 'powers that be' would have to much trouble provoking the plebs to adopt the position which they find desirable. And although not a certainty, I doubt that the position will include private citizens autonomously controlling either physical gold/silver or Bitcoin secret keys.
Well said. "The People" are by and large children in adults' bodies who expect their Mommy and Daddy government to take care of everything and wipe the peanut butter from their ears. When Mommy and Daddy government dies, "The People" will be the first to wail on the streets in disbelief, and throw violent tantrums. If you want to get an idea of what level of catastrophe this will be, imagine a very bratty and spoiled child who is suddenly left alone to his own devices, and now imagine this child is a man-child (adult but with a child's brain), and now multiply that by two hundred million people. |
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I can't confirm if it's hackable or not, just not that many people bother. With all the su/sudo things that need to be run...I just don't see it happening.
too complex for me, me to stupid can't understand -> UNBREAKABLE!!! your logic is failing. You are picking a fight with the wrong person, and I shouldn't be the one to talk about comprehension when you failed to comprehend first grade English grammar. Which brings me to my question, are you kano? He is an idiot and has the same avatar. Spells the same way. I can only imagine it's you. kokjo is an idiot who picks fights with everyone, constantly pretends to misunderstand what is being said, and initiates verbal abuse toward people. |
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If you remove intangible property from its rightful owner without their consent, with the intent to permanently deprive them of that intangible property you have committed theft.
Stealing bicoins is a theft, no doubt. But it is not that simple, Nolo. The complexity comes from the public/private nature of bitcoin as digital asset. You can not 'remove' bitcoins from its owner because bitcoins do not move. They stay on the blockchain. The blockchain is a public property! Also, who is the 'rightful' owner? The complexity comes from the fact that the private key gives you this right and nothing else! There is no third party keeping records about rightful owners. Remember, the private key IS the right. If you have the private key you have the right! Another aspect is how the rightful owner will prove in court that they are deprived of their private key against their will? In fact, this would be the most difficult practical question to deal with. I completely disagree. I own the bitcoins in my wallet just as much as I own my plot of land according to county records or the dollars in my bank account according to my bank. It doesn't matter that the blockchain is made public. If someone stole my password to my bank account, they might have access to my funds, but that doesn't give them a right to my funds. Neither would the theft of my private keys give them a right to my bitcoins. Well said. While possession is nine tenths of ownership, that other ten percent is god damn important. All too often people think that, just because some piece of paper was written, or because someone gained possession of your stuff, suddenly you have lost any entitlement to keep and protect what was yours. That is, of course, ridiculous, because it's a horrible confusion between what is and what ought to be. |
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We should encourage our representatives to write laws No. Could we ask them to clarify existing laws then? Isn't that what they are there for? No. They are there to prey on you. The whole "representatives are there to write just laws and defend the people" is just an *excuse* to prey on unsuspecting people who believe what these sociopaths say. Maybe we could ask them to remove the laws we don't like then? You can always ask. Meanwhile, the people who profit from these laws will give them millions of dollars to keep them there. The result will be that the laws will be intensified rather than removed. Say you ask lawmakers to remove corn subsidies (because, uh, HFCS is poisoning people as we speak). The expected benefit for you, when risk is factored in, is on the order of a couple of cents or dollars, for a few hours of your time. Why would you even ask, then? But if you are a corn farmer who depends on those subsidies... well, you stand to lose millions of dollars if someone else asks lawmakers to remove corn subsidies. Millions of dollars. That will surely prompt you to give ~50K to the lawmakers' bribe coffers campaign fund. What do you think the lawmaker is going to do? Do you think he will, on principle, remove the laws? OR do you think he's going to rationalize the corn farmer's corn-pone opinion and make it his own? If you need practical answers to this question, look at the laws regarding corn subsidies today. It's the standard concentrated vs diffuse incentives problem. |
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Over time bitcoins will be lost, and by lost I mean forever. Inevitably wallets will be corrupted or deleted and can't be recovered. Inevitably someone with bitcoins will die and their heirs will not know how to recover them, if they know of the coins at all. In theory this loss could add up significantly over a long period of time. With the total number of bitcoins capped what are the implications?
I think the chance of every single satoshi being lost within the next 100 million years would be 1 in 1 trillion. As technology improves, we will eventually have no data loss at all.  It's called backups. Yes, everyone does that. Most people who have lost data once do them. Those who don't, well, haha, sucks to be them, but I'm not them, so I really don't give a shit. In fact, I find it economically beneficial that there are idiots out there who don't do backups, because that means their lost coins give my own non-lost coins much more value. |
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Fjordbit: can you just post on the other thread? Myrkul doesn't try to control your behavior or make you feel bad by suggesting that. Thanks :-)
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We should encourage our representatives to write laws No. Could we ask them to clarify existing laws then? Isn't that what they are there for? No. They are there to prey on you. The whole "representatives are there to write just laws and defend the people" is just an *excuse* to prey on unsuspecting people who believe what these sociopaths say. |
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We should encourage our representatives to write laws No. Seconded. |
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This "article" is a shit smear. Seriously, it's a smear, full of lies, baseless imputed intentions, conspiracy theories, and errors. It's sad, of course, that people are so out of arguments, out of reason, out of anything even remotely sensible, that they would feel the need to smear and spread FUD about ideas they hate. But it's the reality of the human animal, that he will hate and attack that which he fears and does not understand. It's okay -- truth will prevail. |
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I can't tell what cunticula wrote, but I can tell you he's on my ignore list for being an abusive person who has no compunction about insulting people who don't believe his statist dogma.
Wow. That's definitely the pot calling the kettle black. I think you may be confusing calling someone who abuses their children, even a little, a child abuser, and calling someone who disagrees with you an asshole (for disagreeing with you). Thanks. That is correct. |
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