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4581  Economy / Economics / Re: Read this before having an opinion on economics on: April 18, 2011, 10:36:26 AM
So if I come up with something smart and profitable you should be allowed to copy it without my consent and profit out of it too?
4582  Economy / Economics / Re: Read this before having an opinion on economics on: April 18, 2011, 10:31:12 AM
Intellectual property laws are incompatible with Libertarianism.

Lemme rephrase. Do you have anything against the concept of intellectual property?
4583  Other / Off-topic / Re: Worldwide Strike 2012 on: April 18, 2011, 07:29:58 AM
Even if it can be achieved with commodities (and I don't think it can), there is still scarcity in labor; i.e. it doesn't matter that I am getting this floor for free, i'm certainly not going to cook bread for you with nothing in return.

Robot slaves.

shit, gotta get me one of those
4584  Economy / Trading Discussion / Re: I wish I could buy X with bitcoin... on: April 18, 2011, 07:15:04 AM
computer hardware
4585  Economy / Economics / Re: Read this before having an opinion on economics on: April 18, 2011, 07:00:45 AM
Remember, folks...

Mises.org's books are free(well, the digital edition at least) thanks to the hardworking anti-intellectual property movement.

P.S. We need a bitcoin address for mises.org.

Do you have something against IP?
4586  Other / Off-topic / Re: Worldwide Strike 2012 on: April 18, 2011, 06:59:32 AM
I don't see how you guys ever expect to abolish scarcity. Even if it can be achieved with commodities (and I don't think it can), there is still scarcity in labor; i.e. it doesn't matter that I am getting this floor for free, i'm certainly not going to cook bread for you with nothing in return.

also

Quote
Two the USSR was not in anyway communist, though it may have started out as an attempt to bring about an end result of communism. Why wasn't it communist? Because communism is classless and stateless, two things which existed in all the "communist" countries. At most the USSR claimed to be moving towards communism.

That just made my day. It's hilarious how hardcore socialist will deny that the actual and past communist states aren't communist. Seriously? How in the world are you going to enforce socialism without a state... goddamn kids
4587  Bitcoin / Mining / Re: 50% cpu usage when mining with 2 gpus on: April 17, 2011, 01:58:21 PM
You should drop the 4850. 4xxx cards have poor hash to power consumption ratio. Even with your electricty cost I think you're actually losing money on the 4850
4588  Economy / Economics / Re: Negative Externalities on: April 16, 2011, 10:08:08 PM
This has obvious advantages and disadvantages.  I agree in spirit with the majority of your post, but don't understand how this could work.
The biosphere is absurdly complex, and often irreparable on human time-scales.  A rational actor across the world can toxify a lake which destroys a local insect population which reduces the throughput of migratory birds which were themselves fertilising speciaised plants halfway around the globe with a continuing chain of effects.
These events happen naturally at a variable frequency, but the rate at which they are now occurring is effectively an emergency.

In the history of humanity, we generally destroy enormous wealths of biological diversity for individual economic gain.  Now that individuals have the potential to damage large amounts of the Earth through market forces, many people believe that they should be preemptively prevented.
An extreme example is of Joe Bloggs deciding to set up a fission power plant to sell power to his neighbours.  Even if they all agree, the potential damage could be felt worldwide.

I understand your point very well in that matter. Let's say my answer is the typical response you would get from a "fundamental" anarchist, in that the responsabilities that I am willing to bear and the actions that I am willing to take are certainly not enough to properly and effectively half wrong doings, in this case pollution, but that such actions will put a term to obvious, tangible problems that the actual system perpetuates.

I am aware that ecological consequences are of an unfathomable complexity, yet there are a few obvious, potent ill effect that could be put to an end right now and that would have disappeared long ago if it wasn't for government support. Let's say extensive corn farming as an example. But my knowledge of the environement is too limited to present you with well documented arguments, so i'll provide you with an economic analogy, since i think we can agree money is managed as a common nowadays.

I am thinking about fractional reserve banking. See, there will be people who will argue that fiat currency is necessary to support today's economy, or that debt supports the kind of growth that a savings based economy could never dream to achieve, and i don't pretend that walking out of the fiat system will fix all the ills of the world, simply that I choose to not be part of it (one of the reasons I like Bitcoin). But whatever your stand might be on that matter, the fractional banking act is an abomination and needs to go.

My point, if you may percieve it so, is that to chose between an unknown future rathered than a well identified evil, I will pick the unknown, and that I will always be best served by myself. And also that political power attracts the corrupt, so I wish for as little of it to be available as possible.

Of course, a society where people are directly liable for their actions is doomed if their members aren't acting is a responsible fashion, but then again, such is the case in any other type of society.

The contradiction with communism or socialism globally, is that it purports people should be ruled, implying they are evil, and yet that to rule them is for their own good, which they don't deserve, since they are evil by definition.

I aknowledge that socialism has birthed some social progress, but it all appears to me as a band aid to fix ills that have been born from socialist reforms to begin with.
4589  Bitcoin / Mining / Re: Average speed of GPU generating bitcoins. on: April 16, 2011, 09:40:15 PM
Why 256?  I heard 128 gives more MH/s

Works better with my card, what can I say?
4590  Local / Discussions générales et utilisation du Bitcoin / Re: I'll be in Paris May 21 - 27 ... on: April 16, 2011, 09:31:33 PM
Barring any unforseen consequences, i'll be there on the 25th too
4591  Other / Off-topic / Re: Worldwide Strike 2012 on: April 15, 2011, 04:57:51 PM
Man those guys are awesome. Under their own logic, hot women should be made readily available to the masses as a social service. Finally i can score some poon for free!
4592  Bitcoin / Mining / Re: Average speed of GPU generating bitcoins. on: April 15, 2011, 01:30:46 PM
Hey guys,

I've been trying to get my head around this all afternoon lol I've seen videos etc of people mining and most are saying they are generating around 150BTC a week. I know there are lots of external factors that affect this but on average how many kh's can lets say one Radeon 5870 achieve ?

At stock speed you're looking at ~300MH/s. At core voltage, o/c to 925~950 is expectable on any given card. On my card, 925 is 350MH/s, 940 is 360MH/s, I haven't seen how far it can go yet. This is all with ram at 300MHz, -f1 and -w256 on win7
4593  Economy / Economics / Re: Negative Externalities on: April 15, 2011, 11:25:08 AM
...The discussion on air and water pollution is technically a discussion on commons, which I think are wrong.

I'm interested in hearing more about this.
There exists a significant proportion of the population who, despite the wishes of the rest, will fill the air with smog and the waters with run-off for a cent on the dollar.
If unrestrained, some people will burn the Earth to a husk to get the golden egg before others do.

State-sponsored force has been the only agency so far by which any modicum of forward-thinking can be imposed on the market.  Without it, fridges would still be pumping out CFCs, car fuel would contain lead, agricultural run-off would destroy a large proportion of marine ecosystems.

The problem with commons is that they belong to the "public", thus effectively to the state, and as such are administered by the state. As some people mentioned it results in several problems: Not only is the government the biggest polluter, they setup arbitrary pollution limits that are not respected by big corporations, and the same governmental restrictions allows these groups to pollute in complete impunity. Some of the governmental regulations are also completely misguided, like limiting levels of carbon dioxide, which is not only pointless but pretty much gives license to people to emit any other highly polluting gases as long as they keep their CO˛ level down, while being marked as "green".

The problem comes down to a few simple fundamentals. Under the rule of commons, essential commodities such as land, air, water cannot be made your private property, they are managed by a corruptible and corrupted entity, and you are forbidden by that same entity to defend these resources against the polluters. In a free market scenario, that responsibility would be yours. In this case, consumers would need to stop buying bad products such as leaded fuel and CFC based refrigerators, but you can certainly expect that I, in an attempt to keep my land, air and water clean, will sue those who don't. Keep in mind that the great majority of polluting substances that have been banned by the government have been so thanks to consumer pressure, not governmental impulse.

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the powerful would restructure the economy to impoverish and undereducate the powerless in order the reinstate feudalism


That's corporatism, the opposite of a free market.

Quote
I'm fond of social libertarianism, but I can't imagine how fiscal libertarians see the world; they honestly seem as naive to human nature as communists.

You can't achieve social freedom without economical freedom. Communists don't have the luxury of being naive, since their concept is contradictory by nature.
4594  Local / Discussions générales et utilisation du Bitcoin / Re: I'll be in Paris May 21 - 27 ... on: April 15, 2011, 10:11:02 AM
I'm fine with any place really. Let's discuss content a little. Do you intent to match the meeting with a f2f Bitcoin trade meeting?
4595  Economy / Economics / Re: Negative Externalities on: April 15, 2011, 10:02:05 AM
If the workers can take ownership of the means of production, they could create cooperatives and manage themselves. Some anarchists would prefer communes, collectives, syndicates, or solitary craftsmanship and that's fine, too. Unfortunately, the state prevents workers from taking ownership of that which they've already paid for in the difference between their wages and the sales prices of their products. So, it's not that the workers need employers to work. They don't. It's that employers need the state to employ.

What you are describing here is communism, or any form of authoritarian government in general. What about free market? Do you pretend employers will disappear under such conditions? Your idea is that if person A needs my expensive gizmo to build his widgets and that in return of letting him use my gizmo, i get to buy widgets off of him for less than i resell them for, that this difference in price should eventually bestow him ownership of my gizmo. This is in contradiction with the principle of private property for I never chose to sell him the widget for that cumulated price difference; and note that no state was involved in this relationship. Now, are you implying private property is wrong, or that the state, keeping the man down from his "fair" reward is wrong is supporting private property?

Quote
Nope. Value is subjective, but the market is useful, useful enough anyway, for determining it.
The "market" as you call it is an indicator of the potential price a given item can fetch GIVEN a few conditions:

1. That you have access to that market place. If a 5870 sells for $180 in the US and you live in Europe where they are $250, no amount of bitching about evil middlemen at your local store will bring the price down to American standards.

2. That there is a demand for that particular good in said market place. A PS3 is worth $200 in the US. Now try and sell it for that much in Somalia.

Even then there's no guaranty you'll trade for the market's quote. You might sell cheaper, or buy higher, since yeah, it is only a quote, no one is there making sure your goods will fetch the price displayed on some random sign. Unless you are supporting the existence of a regulatory institution that will ensure you fetch the 'fair' price. Technically, government.

Baring the existence of government to fix prices across the charts, the value of any given item is subjective. Now I'll let you ponder whether you want to stick with the evil government keeping the man down from selling his own labor which also happens to be the righteous government making sure you can trade your goods for the "fair" price.

Quote
Yeah?

Just pointing that this particular argument is several centuries old, is part of most constitutions of nations all around the world, and that since you are so attached to what is "fair", that it might be "fair" of you to research what mankind think is "fair" in that situation before you go around talking about some imaginary end user license agreement.
4596  Local / Discussions générales et utilisation du Bitcoin / Re: I'll be in Paris May 21 - 27 ... on: April 14, 2011, 07:19:03 PM
Ok, just to name a few:

Montmartre, les Halles, le marais. None of these are finances related, but they're nice places to hang. Also Montgallet to go check on some video cards while we talk =P
4597  Economy / Economics / Re: Negative Externalities on: April 14, 2011, 06:43:57 PM
Please define "fair" in this context.
When neither side gains nor loses more than the other and they only trade what they have fairly gained.

Since all value is subjective, what you are saying is that as long as both parties agree, the trade fair. Did you just defeat you're own argument there?
4598  Economy / Economics / Re: Bitcoin accounting... on: April 14, 2011, 06:11:50 PM
Well Bitcoins aren't a currency as recognized by the government, so can't you just declare all the BTC deals as barter and pay taxes regarding barter for these?

And what about declaring them as a commodity necessary to business practice. IIRC taxes only apply on profit, so you could hold onto the BTC indefinitaly, then convert to USD in one batch and pay taxes on that. Also, as long as the BTC volume remains small, you could declare all converted BTC as going towards paying wages, which would exempt them of taxes.
4599  Economy / Economics / Re: Negative Externalities on: April 14, 2011, 06:01:12 PM
If an employer is not in his right to sell the production of his employees for more than he pays them, then exactly what incentive does he have in such a business to begin with? If he shouldn't make a profit, then he has no reason to run that business and he shall close it, rendering all his employee's effectively jobless. Which brings the simple question: is the employer needed for the employee's job to exist? If the employee is consenting to the conditions of the employer, then the answer is yes, and the employer is rightfully entitled to his profit. If the employee doesn't consent to the conditions, then he's either jobless, which is his own prerogative, or he's forced to labor anyways, in which case he is a slave and thus isn't relevant to this argument. As such, you're point is moot my good Father.

The discussion on air and water pollution is technically a discussion on commons, which I think are wrong.
4600  Bitcoin / Bitcoin Discussion / Re: Confused about transaction fee... on: April 14, 2011, 05:23:09 PM
I do worry about extremely small transactions.
Assuming 1 BTC = 1 USD, and the majority of transactions require a transaction fee, will people be able to transfer uBTCs with fees in the nBTC range, or are fees more likely related to fixed costs?  Will small transactions just take days to process, or will "free and almost free" transactions be permanently sidelined?

Nowhere in the foreseeable future. Right now no one turns down free transactions, and the recommended fee of 0.01 BTC per kb of transaction is just insignificant right now for any miner to care.
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