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461  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Altcoin King on: October 25, 2014, 01:02:55 AM
Its Surplus... not surpluss... Wink



Bobster, come on, spill it. I'm very curious.
Promise I won't tell. Scout's honor!


@rugrats.. Thanks Smiley
I see about IconicExpert then.. i have had nothing at all to do with DarkCoin so that explains why he is a huge nobody to me.
I take it then he is Wolong of Doge / Pandacoin infamy just on another coin.
And on the scene the user had done fuck all then basically.. showed up tried to pump a coin then left in shame.. so...

Many of us know Fontas.. and i considered him a couple times but was he really much into Altcoins and when late 2012 ? LOL

and thanks for the vote hhaha

Spoetnik, Wolong is a pimply boy who rode on the coattails of the Dogecoin Olympic bobsled promo and claimed credit for the resulting price spike. After proclaiming himself as some sort of a crypto savant, he released a badly-written trading ebook (it's only several pages - enovellette?) that some developers here, shockingly, took as gospel.
I remember the Uro dev reverently talking about the ebook in one of his hangouts. The phrase "weak hands" that is used by many wannabe-traders originated from that ebook.

Wolong was courted by several devs thereafter, but he joined forces with the UNO dev (not Uro) to release Panda after being promised a lucrative cut, including custody of a huge stash of premine and IPO proceeds. After telling everyone to hold, Wolong preceded to sell off the entire stash and crash the market to a few satoshis. He then accused everyone and everything including the kitchen sink of starting the sell off and rode of with a couple hundred BTCs in his pocket. I still don't know though if the UNO dev was part of the scam, or just another victim. Last I heard, a couple of Panda investors actually managed to track Wolong down via hardwarezone.com.sg and received a settlement. Can't confirm it though.

Despite this, people are still clamoring to work with Wolong. Hi-5 coin, anyone?

Re Fontas: He also works with Wolong. He and Molly suffered huge losses in the Panda scam, but I think Wolong covered his losses at least.

I agree, Tranz is a top developer for sure, and very devoted.

How is iGotSpots so "crypto-fabulous" if you don't mind me asking?  I am not all that familiar with a lot of people here on bitcointalk.

iGotSpots was diagnosed with crypto-finger, a dangerous condition caused mainly by releasing too many coins into the crypto wildlands of Cryptsy.
Doctors have pleaded for him to stop releasing new coins.
But like a crack addict, iGotSpots can't help it; he haz to release a newz coinz every so often.

How many coins do you think I actually released...? Posting in the thread or helping them when they needed it don't count

As of now, I see five of your coins listed at Cryptsy. There's a couple more that I am unsure of (just second-hand IRC info, so I can't verify if they are indeed yours).
The five though, it's yours. Would you like me to PM you the coin names?
I don't intend to drag the coins' names out in the open without cause, because you've never been a pump & dumper, so I have no reason to FUD over them, without cause.


Yes. You've peaked my interest, but I don't think your list will be accurate

3/5 of his guesses were correct

Four, right?
462  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Altcoin King on: October 24, 2014, 08:11:33 AM
Its Surplus... not surpluss... Wink



Bobster, come on, spill it. I'm very curious.
Promise I won't tell. Scout's honor!


@rugrats.. Thanks Smiley
I see about IconicExpert then.. i have had nothing at all to do with DarkCoin so that explains why he is a huge nobody to me.
I take it then he is Wolong of Doge / Pandacoin infamy just on another coin.
And on the scene the user had done fuck all then basically.. showed up tried to pump a coin then left in shame.. so...

Many of us know Fontas.. and i considered him a couple times but was he really much into Altcoins and when late 2012 ? LOL

and thanks for the vote hhaha

Spoetnik, Wolong is a pimply boy who rode on the coattails of the Dogecoin Olympic bobsled promo and claimed credit for the resulting price spike. After proclaiming himself as some sort of a crypto savant, he released a badly-written trading ebook (it's only several pages - enovellette?) that some developers here, shockingly, took as gospel.
I remember the Uro dev reverently talking about the ebook in one of his hangouts. The phrase "weak hands" that is used by many wannabe-traders originated from that ebook.

Wolong was courted by several devs thereafter, but he joined forces with the UNO dev (not Uro) to release Panda after being promised a lucrative cut, including custody of a huge stash of premine and IPO proceeds. After telling everyone to hold, Wolong preceded to sell off the entire stash and crash the market to a few satoshis. He then accused everyone and everything including the kitchen sink of starting the sell off and rode of with a couple hundred BTCs in his pocket. I still don't know though if the UNO dev was part of the scam, or just another victim. Last I heard, a couple of Panda investors actually managed to track Wolong down via hardwarezone.com.sg and received a settlement. Can't confirm it though.

Despite this, people are still clamoring to work with Wolong. Hi-5 coin, anyone?

Re Fontas: He also works with Wolong. He and Molly suffered huge losses in the Panda scam, but I think Wolong covered his losses at least.

I agree, Tranz is a top developer for sure, and very devoted.

How is iGotSpots so "crypto-fabulous" if you don't mind me asking?  I am not all that familiar with a lot of people here on bitcointalk.

iGotSpots was diagnosed with crypto-finger, a dangerous condition caused mainly by releasing too many coins into the crypto wildlands of Cryptsy.
Doctors have pleaded for him to stop releasing new coins.
But like a crack addict, iGotSpots can't help it; he haz to release a newz coinz every so often.

How many coins do you think I actually released...? Posting in the thread or helping them when they needed it don't count

As of now, I see five of your coins listed at Cryptsy. There's a couple more that I am unsure of (just second-hand IRC info, so I can't verify if they are indeed yours).
The five though, it's yours. Would you like me to PM you the coin names?
I don't intend to drag the coins' names out in the open without cause, because you've never been a pump & dumper, so I have no reason to FUD over them, without cause.
463  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Altcoin King on: October 24, 2014, 12:59:59 AM
Its Surplus... not surpluss... Wink



Bobster, come on, spill it. I'm very curious.
Promise I won't tell. Scout's honor!


@rugrats.. Thanks Smiley
I see about IconicExpert then.. i have had nothing at all to do with DarkCoin so that explains why he is a huge nobody to me.
I take it then he is Wolong of Doge / Pandacoin infamy just on another coin.
And on the scene the user had done fuck all then basically.. showed up tried to pump a coin then left in shame.. so...

Many of us know Fontas.. and i considered him a couple times but was he really much into Altcoins and when late 2012 ? LOL

and thanks for the vote hhaha

Spoetnik, Wolong is a pimply boy who rode on the coattails of the Dogecoin Olympic bobsled promo and claimed credit for the resulting price spike.
After proclaiming himself as some sort of a crypto savant, he released a badly-written trading ebook (it's only several pages - enovellette?) that some developers here, shockingly, took as gospel.
I remember the Uro dev reverently talking about the ebook in one of his hangouts. The phrase "weak hands" that is used by many wannabe-traders originated from that ebook.

Wolong was courted by several devs thereafter, but he joined forces with the UNO dev (not Uro) to release Panda after being promised a lucrative cut, including custody of a huge stash of premine and IPO proceeds. After telling everyone to hold, Wolong preceded to sell off the entire stash and crash the market to a few satoshis. He then accused everyone and everything including the kitchen sink of starting the sell off and rode of with a couple hundred BTCs in his pocket. I still don't know though if the UNO dev was part of the scam, or just another victim. Last I heard, a couple of Panda investors actually managed to track Wolong down via hardwarezone.com.sg and received a settlement. Can't confirm it though.

Despite this, people are still clamoring to work with Wolong. Hi-5 coin, anyone?

Re Fontas: He also works with Wolong. He and Molly suffered huge losses in the Panda scam, but I think Wolong covered his losses at least.

I agree, Tranz is a top developer for sure, and very devoted.

How is iGotSpots so "crypto-fabulous" if you don't mind me asking?  I am not all that familiar with a lot of people here on bitcointalk.

iGotSpots was diagnosed with crypto-finger, a dangerous condition caused mainly by releasing too many coins into the crypto wildlands of Cryptsy.
Doctors have pleaded for him to stop releasing new coins.
But like a crack addict, iGotSpots can't help it; he haz to release a newz coinz every so often.
464  Alternate cryptocurrencies / Altcoin Discussion / Re: Facts About ARCHCoin Founder Edgar Soares (BTCarchitect) on: October 23, 2014, 09:50:48 AM
Quote
Quote from: thcst8
I buy domains all the time.  I don't see your point.  

LOL It sounds like your promoting his entrepreneurship

Quote from: ConspiracyFacts
And you're an architect as well?
Do you know any serious architect who would do this kind of low paid business on the side?
You know any serious architect who would host a Paypal phising page?
Damn, you guys are blind.


I don't want to get involved in this, since I know practically nothing about Edgar Soares or ARCHcoin.
However, I do want to point out that domain speculation is a very lucrative business.
I once made a high four figure profit on a five-letter *.com domain that I acquired for $1.99 (GoDaddy coupon).
Visit DnForum.com or Namepros.com to get an idea of the level of trading involved.
465  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Altcoin King on: October 23, 2014, 09:29:53 AM
Iconic Expert is famous why ?

i have heard that guy involved with Panda coin Doge more.. and i think he is an overareted nobody.

Iconic Expert is a P&D strategist with a strong group behind him. He made a few whales really fat.
He was behind some of the most incredible price jumps on the scene, most notably Black Coin - although, that relationship ended in flames in the wake of the supposed Wall Street event.
AFAIK, he was last seen working with MsCollec and his Chinese coins.
I am told he is using a new alt here now, but I can't tell if that's him.

Now, Spoetnik, I want to focus this discussion on BobSurpluss.
I've heard numerous stories of the man - some good, most bad.
The good ones make him sound like an influential, badass crypto cowboy that knows the ins and outs of every facet of the crypto scene.
The bad ones make him sound like a scam artist extraordinaire.
I am, however, most intrigued by two aspects of his legend.

(i) Is he behind Coin Source?
(ii) Does he manage a crypto team in a boiler room in downtown New York that churns out coins at regular intervals?

If anyone has first hand knowledge of this, I am all ears. PMs are welcomed too.

ps: Oh, and I'm voting for you for sentimental reasons, Spoetnik.
466  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [NEW] Introduction of Bittrex Community Manager Matthew on: October 22, 2014, 10:00:34 AM
Howdy,

Felt the need to introduce myself to the Marketplace since a lot of identity issues are in crypto.
Bittrex has built its membership to a well recognized level and adding a new member can be scary.
Name is Matthew Williams and I live in Texas., I say howdy a lot and I can't stop it.

(1) I am the guy to come to if you want to confirm legitimacy of an altcoin and/or (2) want to conduct meetings on why your coin has potential.
(3) I will be investigating among the alt-coin community and so expect me to be prominent in different areas of crypto.

(4) This thread will be moderated and (5) is intended for people to ask questions about who I am and to better define my job description publicly.

If this gets out of hand, (crosses fingers) then it will be shut down without warning. Please understand why that might be.


Thank you for your time and I hope to see growth for all of crypto during my stay at Bittrex!

Here's my twitter : https://twitter.com/EsthiemDota

And my Email : bittrex-matthew@outlook.com





1. What do you mean by "to confirm legitimacy of an altcoin"? What level of due diligence will you be performing? Will it be limited to the technical side, or will your efforts encompass the entire spectrum from developers to commercial claims. What are the fees? Is it a community service?

2. Does everyone need to hold meeting/s with you prior to publicly stating that their coin has 'potential'?

3. What will be the focus of your investigation, if you don't mind me asking?

4. This thread is, unfortunately, not moderated.

5. Will you share a little bit more about yourself, Mr. Williams, especially your prior experience in cryptocurrency?
467  Alternate cryptocurrencies / Altcoin Discussion / Re: The truth about CannaCoin (CCN) on: October 22, 2014, 08:37:50 AM
The PR firm in question specializes in blockchain technology and upon analysing blockchains they find whatever fault they can and capitalize on it via way of organized FUD. The PR firm are the ones who found out about the so called "Hidden Premine" and then passed that info along to the CCN team who themselves have put extradionary effort into ruining the reputation of CANN.

I cannot support this type of behaviour and it should be known that the CCN team spent money ruining the reputation of CANN.


Does anyone else find this hilarious?  Spent money...to read the blockchain Grin Also, might want to count those 25 addresses again.  CannabisCoin should go down as the most botched pre-mine accounting job ever.


Dude, you can read a blockchain and perform auditing and reverse tracking of addresses!
You should totally open up a competing PR firm and approach CANN!
468  Alternate cryptocurrencies / Altcoin Discussion / Re: New reputation system integration on bitcointalk. Questions for people. on: October 22, 2014, 08:30:16 AM
Este, if this system is ever implemented here, I will leave the forum.
It will trigger a circle-jerk of gargantuan proportions as people race to accumulate Bitmarks.
Notwithstanding that, the implementation of such a system would signal the tacit endorsement of Bitmark by the forum's admins - it's not going to happen.

469  Economy / Services / Re: Looking for information on "troll for bucks" scammers Bounty 0.07 BTC on: October 22, 2014, 07:30:29 AM
OP, I cracked the case wide open for you. Our intrepid agent, Maxwell Smart, barely escaped with his life to get this damning piece of document out - missed it by that much!



 
470  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Whistle Coin Logo Contest 20000 WSTL prize on: October 22, 2014, 07:18:40 AM
Announcement
NEW Whistle Coin Logo Contest 20000 WSTL prize ...show us your best Whistle Coin design for coin, wallet art and OP designs for your chance to WIN 20,000WSTL

It time to see the visions for a new WHISTLE Coin design for the coin ,the wallet art and the OP from the community before we shift gears and do updates. Show us your best designs .Winners will be chosen by community vote. We look forward to seeing your submissions!

Main Whistle Coin thread here - https://bitcointalk.org/index.php?topic=813878.0

I don't mean to be disrespectful, the prize being offered here is hilariously insulting. At today's prices, 20,000 WSTL = 0.00678300 BTC = $2.6.


471  Economy / Economics / Re: Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts on: October 18, 2014, 06:16:43 PM
Maybe this example will help you get my idea.

Lets imagine a Chinese company selling goods to the USA. Here are the ways they can get their revenue:
1. Company has a bank account at an american bank, which has an account with the Fed;
2. Company has an account at a chinese bank, which has a subsidiary in the US, which has an account with the Fed;
3. Company has an account at a chinese bank, which has an account at the import-export bank, which has an account with the Fed;
4. Company has an account at a chinese bank, which has an account at the import-export bank, which has an account with PBOC, which has an account with the Fed;
5. etc...

These examples might not be precise, but they show that when you're transacting dollars, the long chain of intermediaries link your dollars to the U.S.

I've already countered this with my Japanese/Egyptian example earlier on
Remember Fedwire=domestic.
Consider, the seller and buyer's banks can choose not to use Fedwire and use other clearing houses to conduct their trade.
472  Economy / Economics / Re: Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts on: October 18, 2014, 06:12:39 PM
rugrats, you don't argue kindly, so don't ask me to do the same.
Quote
You say foreign companies trading with U.S companies must have local bank accounts.
I never said so, stop claiming that. That was a figure.
Quote
Imagine an Asian export company that sells goods to the U.S. The dollar revenue they receive is credited to their account in some U.S. bank. It's still in the U.S.
Don't you understand the word "imagine"? Where is the word "must" what you repeatedly put in my mouth?

Quote
2. Please read the links I've provided. Please don't ignore them and then ask for an explanation.
I've read your links. Honestly, they didn't give me anything new. That's why I asked for your explanation as if it could shed some light on the issue.

Quote
3. The Federal Reserve and the Fedwire are not the same. One is a central bank, and the other is a payment system facilitating fund transfers between reciprocal domestic agents. Useful reading to differentiate between central banks and clearing houses: http://www.chicagofed.org/digital_assets/others/events/2014/annual_over_the_counter_derivatives_symposium/tucker_clearinghouses_new_central_banks_tucker_2014.pdf
Again, I never said they are the same. I said that Fedwire is operated by the Fed. C'mon, I know they're not equivalent.

Quote
4. Fedwire works alongside other clearing houses, especially for international transfers. However, the Federal Reserve has it's own liquidity swaps program with several central banks. Guess what they're swapping? http://www.federalreserve.gov/monetarypolicy/bst_liquidityswaps.htm
Be more concrete, what's your point here?

Quote
5. Fedwire's RTGS system is not unique - nearly all first world central banks performs RTGS - as well as those in the majority of developing coutries.
I know that, and?

Quote
6. Central banks, banks, financial institutions, and private corporations are different entities. Central banks, like the Federal Reserve, DO NOT have access to private wealth - even in Communist nations.
Tell me the point of your statements concerning our discussion.

Quote
7. Your own link above does not contradict what I said.
Neither do yours contradict mine.

Quote
8. Let's do a quick recap:
I originally said the U.S. Federal government might implement currency controls as one of the options to circumvent a dollar debt crisis with China.
You say dollars do not leave the Feds and the U.S.. You say foreign companies trading with U.S companies must have local bank accounts.
We've already established that both of these assertions are incorrect.
Have you established that in your head only?

Quote
9. A concise summary on the subject: What happens to the US dollars used to buy imports?
Quote
Thus, we see that those US dollars that leaked out of the US economy from purchases of imports by labor or capital are counterbalanced in various ways, including foreign investment in the United States, loans from foreigners and the actions of foreign central banks.
This article states that the dollars somehow "leak" but given the BOP requirements, they must come back in form of loans, investments, etc.. That's exactly what I mean, dollars do no "leave" or "leak" the U.S.

Sorry, I won't comment the rest, we seem to be discussing different ideas...

I have been very patient with you Roadtrain. If you don't see that, it's not my problem.
You're not an honest debater, because you keep sniping off my comments to avoid responding to them.
You are presenting a frankly ridiculous claim.

1. You keep trying to hide behind the word 'figure'. Did you not write that foreign companies trading with U.S. companies need to have bank account in the U.S.? That statement in itself ends the argument. If all the dollars are locked away in the U.S., how the heck are companies outside the U.S. getting paid?

2. You didn't read the links. You didn't even know about Fedwire before I brought it up.

3. No, you were operating under the impression that the Federal Reserve operated some kind of a "payment system" before you learned about Fedwire. Read your own words. It was necessary to explain to you that they are not the same.

4. Liquidity swaps mean currencies are traded outside of their home countries. It's all there. There is nothing vague about it.

5. No, you didn't know that. You said the Fedwire is "fundamentally different" because it uses RTGS.

6. Simple. You claim the Feds have access to all the dollars in the country. It doesn't. Private wealth, i.e., dollars held in banks are not under it's control.

7. My links contradict your weird assertion repeatedly, over and over again.

8. I've established it repeatedly, even in this post. But you lack the grace to admit that you were wrong and you continue to spout inanities in an attempt to prove some ridiculous notion.

9. So you concede that the dollars do leave the country then? The fact that they came back is a given. Trade doesn't flow in one direction.

You won't comment on the rest because you can't answer it without conceding that dollars do leave the country.

You were wrong. Move on. Everyone makes mistake sometimes.
473  Bitcoin / Bitcoin Discussion / Re: bitcoin changing my ideology from socialism to libertarianism! What about you? on: October 18, 2014, 05:54:48 PM
With more than 1300 citations according to Google scholar, One cannot simply ignore this scientific paper about Altruism by W.D. Hamilton

The Evolution of Altruistic Behaviour

And if we think rationally, we can  even say empathy and altruism are just a strategy to maximize the gene pool by the selfish genes!


This !!!  

Smiley

Self-professed libertarians, riddle me this!

Prototypical libertarian, John Locke, wrote this line in Second Treatise of Civil Government (Chapter 2):

"Every one as he is bound to preserve himself, and not to quit his Station wilfully; so by the like reason when his own Preservation comes not in competition, ought he, as much as he can, to preserve the rest of Mankind, and may not unless it be to do Justice on an Offender, take away, or impair the life, or what tends to the Preservation of the Life, the Liberty, Health, Limb or Goods of another."

Less than three centuries later, Ayn Rand wrote this in The Virtue of Selfishness (Chapter 1, The Objectivist Ethics):

"The basic social principle of the Objectivist ethics is that just as life is an end in itself, so every living human being is an end in himself, not the means to the ends or the welfare of others—and, therefore, that man must live for his own sake, neither sacrificing himself to others nor sacrificing others to himself. To live for his own sake means that the achievement of his own happiness is man’s highest moral purpose."

Over three centuries after Locke's death, Ron Paul emerged to become the public face of paleolibertarianism. I would bet a satoshi or two (I'm cavalier that way), most of the self-professed libertarians in this thread were converted to the cause by Paul. However, despite Paul's latter day apparent support of voluntary altruism, his past tells a different story. In his own words,

"The reason I got involved in public service, by and large, if I had to credit one thinker, one person, it would be Ayn Rand. The fight we are in here, make no mistake about it, is a fight of individualism versus collectivism."

I won't even bring up his newsletters, his off the cuff comments or his remarks to his homosexual aide.

Instead, I'll finish this riddle with this question: Has libertarianism undergone a 180 degree turn in the past 330 years, or is this merely the case of a personality cult?
Because my friends, this battlecry of individualism is, to be frank, fucking scary to listen/read.

Oh, and watch this before responding: http://www.youtube.com/watch?v=632CHpeHYZE
474  Bitcoin / Bitcoin Discussion / Re: bitcoin changing my ideology from socialism to libertarianism! What about you? on: October 18, 2014, 05:12:24 PM
    About 25 years ago, over the Christmas holiday, in a small north of England town, a young girl was playing alone on the ice on a pond in the local park. The ice fell through and the girl plunged into the freezing water. As I remember she was around 7 or 8 years of age.
   There was an off duty fireman walking his dog. Upon seeing what had occurred he plunged himself into the water to try to save the girl. I remember that he was an off duty fireman because I remember thinking that he must have been aware of the risks. Both the girl and the fireman were now beneath the surface of the water.
    Another man by chance walking by also witnessed the incident - and himself then also plunged into the pond to try to save the girl - and possibly at this point maybe to save the fireman also.
     None of these 3 people were related to each other - and were strangers.

 I remember the incident for many reasons, but not least because for around 48 hours after the bodies were recovered from the depths of the pond the doctors at the local hospital tried to slowly "warm" up the bodies. There have been cases whereby people who have died in such circumstances have been able to be slowly revived and brought back to life.
    Thousands of people in the vicinity who were aware of the tragedy, for the 48 hours that they tried to revive the 3 souls, silently prayed. I know I did - and I'm not really a religious man - at least in the conventional sense.
     But it was to no avail. All three died.


    How were the men above possibly acting selfishly ?

I know it can be argued thus, using rational and reasoned argument - but to be honest, when you explain to yourself actions such as those above by those 2 men as deriving from selfishness and/or survival instincts etc, you are in effect denying that which is most noble in humanity. You are denying that which fundamentally makes life worth living - and in the process of so doing you are taking a free ride off the back of it.

    You are denying the possibility of love, one human being to another.

We are the stuff that dreams are made of - your world must be a dark place if you don't believe that.
 

Poignant. Heartbreaking. Beautiful.
475  Economy / Economics / Re: Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts on: October 18, 2014, 04:40:23 PM
Quote
Roadtrain, the Fed "payment system" you spoke of is actually Fedwire, which is similar in nature to CHIPS, SWIFT and ACH.
These are clearing houses that facilitate transfer of funds between endpoints with reciprocal arrangements.
I can't agree here. Fedwire is fundamentally different from the rest because it's a real-time gross settlement system and is directly operated by Federal Reserve banks. It doesn't employ any netting or bundling. It's actually the backbone for the whole US dollar payment system. As the base money is transacted via Fedwire, any other payment systems ultimately rely upon it.
Quote
Certain payment and securities settlement systems, such as CHIPS and CLS, also rely upon Fedwire Funds Service to allow participants or their correspondents to provide necessary funding. CHIPS and CLS also use Fedwire Funds Service for settlement services by establishing zero-balance settlement accounts to settle clearinghouse participant obligations.

As the Fed is a source of dollars and it controls the dollar payment system, how can dollars leave the U.S.? Maybe if you explain that, we can reach to an agreement.



1. Please stop cherry picking my quotes. Kindly respond to my posts in its entirety.
2. Please read the links I've provided. Please don't ignore them and then ask for an explanation. I honestly can't believe we're still on this subject. I hope you're not just arguing for pride.
3. The Federal Reserve and the Fedwire are not the same. One is a central bank, and the other is a payment system facilitating fund transfers between reciprocal domestic agents. Useful reading to differentiate between central banks and clearing houses: http://www.chicagofed.org/digital_assets/others/events/2014/annual_over_the_counter_derivatives_symposium/tucker_clearinghouses_new_central_banks_tucker_2014.pdf
4. Fedwire works alongside other clearing houses, especially for international transfers. However, the Federal Reserve has it's own liquidity swaps program with several central banks. Guess what they're swapping? http://www.federalreserve.gov/monetarypolicy/bst_liquidityswaps.htm
5. Fedwire's RTGS system is not unique - nearly all first world central banks performs RTGS - as well as those in the majority of developing coutries.
6. Central banks, banks, financial institutions, and private corporations are different entities. Central banks, like the Federal Reserve, DO NOT have access to private wealth - even in Communist nations.
7. Your own link above does not contradict what I said.

8. Let's do a quick recap:
I originally said the U.S. Federal government might implement currency controls as one of the options to circumvent a dollar debt crisis with China.
You say dollars do not leave the Feds and the U.S.. You say foreign companies trading with U.S companies must have local bank accounts.
We've already established that both of these assertions are incorrect.

9. A concise summary on the subject: What happens to the US dollars used to buy imports?

Let me end this by presenting a few more questions for you to ponder on.
• Why do you think the Chilean and Malaysian governments implemented currency controls if it has no effect on their currency outflow?
• Why do commercial banks in U.S. are required by federal law to seek coverage of the Federal Deposit Insurance Corporation?
• Why do you think some people hide their dollars - electronically - in bank accounts in Switzerland, the Cayman Islands or the Bahamas, if it's still in the U.S?
• Why is money laundering an issue if the Feds has control of all of the dollars?
• Why do the Federal government blacklist banks or bank accounts of terrorist organizations if the Feds have control of these funds?
476  Economy / Services / Re: HavocWave Logo Contest [OPEN!] 0.05 Prize on: October 18, 2014, 04:31:11 PM
I don't like any at all except for hani's and the first one, which is still too big. I'm looking for more designs. Preferably more wide and less high.

You're okay accepting a clearly plagiarized submission - a trademarked one at that?
477  Other / Meta / Re: Suggestion on: October 17, 2014, 12:58:05 AM
Open a selfmoderated thread and do it yourself? I doubt any of the mods has time for something like that, no matter how usefull or interesting it might be.
If I do so, Shorena, I would have to invest a huge amount of time to read a large bulk of the posts in the forum daily - not to mention constantly bumping the thread to keep it visible. I believe mods, who patrol their assigned sections, would be more suited for such a task. They could also pin such a thread.

Edit: I initially read your nick as Sharona, and I was my humming The Knack's My Sharona as I typed the above.

478  Bitcoin / Bitcoin Discussion / Re: bitcoin changing my ideology from socialism to libertarianism! What about you? on: October 17, 2014, 12:46:55 AM
Regarding the "anti-labels" argument, I dislike this argument very much. Those labels do have meaning in that they represent where you fall on this:



For example, I identify as a social-anarchist, and when I take the test I fall almost on the absolute bottom left (collectivist) corner. Libertarians, by contrast, fall somewhere in the bottom right quadrant (neo-liberals).

If you're interested, you can take the test here and see for yourself where your values place your politics.


P.S.
All you libertarians should consider reading the very excellent book, A brief history of neo-liberalism.

I've already expressed my views here, here, here, here,here and here, Beliathon, so I don't feel like revisiting the subject.
Labels invariably escalate into personality conflicts, pitting protagonists and their supporters into warring camps at the expense of the issues.
Non-empirical metrics like the one you linked, meanwhile, use leading questions to pigeonhole us into convenient labels.
So no, I absolutely don't believe in labels.

Edit:
Just checked - the POlitical Compass is prepared by this guy - a BBC journalist with theatrical aspirations, and financed by this lady. The site also placed Mitt Romney and Bibi Netanyahu in the same quadrant (!). Obama and Manmohan Singh also shares the same quadrant. That aside, I simply can't accept their evaluation of Romney.

The FAQ states that
"How can you tell where they're honestly at by asking them? Especially around election time. We rely on reports, parliamentary voting records, manifestos … and actions that speak much louder than words."
Romney only transformed into a right wing conservative fundamentalist in 2012. Prior to that, especially during his term as Gov. of Massachusetts, he was a liberal in all but name. He pushed through the first state-level socialized healthcare system in the country. As Governor, he was pro-choice, pro-LGBT (he even gave an executive order for state agencies to recognize same sex marriages), he favored progressive taxation (and initially, even opposed the Bush tax cuts), he believed in the threat of climate change, he included farming subsidies in his state budget - I could go on. And yet, based on 2012 campaign rhetoric,the site pegged him to be a hawkish right-winger in the mold of Bibi.  Grin
479  Bitcoin / Bitcoin Discussion / Re: bitcoin changing my ideology from socialism to libertarianism! What about you? on: October 16, 2014, 09:57:18 PM

I'm a Red (not the hammer and sickle kind of Red - the cool kind).


What - this kind of cool you mean ?






You have a problem with my shell suit, fella? Well do you?
Quick, someone hold me.
480  Bitcoin / Bitcoin Discussion / Re: bitcoin changing my ideology from socialism to libertarianism! What about you? on: October 16, 2014, 09:56:55 PM


2. One can have values that encompass aspects of both libertarianism and socialism if one does not create restrictive labels.
3. If we didn't have labels, OP doesn't need to transition between labels at all.

I only have one label. I'm a Red (not the hammer and sickle kind of Red - the cool kind).

2. Are you referring to the NAP being restrictive? I agree it is restrictive but in a good way. No force should be used ever. How is that bad?
3. I'm sorry but I disagree with you. I think that's stupid. That's like saying we should never say black people just people.

Generalization is bad, and "black people" is often used in such a context. But sometimes it isn't for example if you want to describe the history of blues music you might say:
"Blues music originated from black musicians in the deep south"

In the same way ideologies are easier to describe if you have labels as a reference point.

I hope you understand what I'm getting at. Don't get me wrong I hate labels but we cannot erase them completely it just wouldn't work.


2. NAP is one aspect of libertarianism. I was speaking on the absolute parameters of both labels as a whole. Besides, NAP is not necessarily as clear a delineator as you might imagine.
3. To each his own then - though pigmentation is a biological classification. Entirely different from political, or, psychological labels, or Cosmo labels (Are you a Carrie, Samantha, Miranda or Charlotte?).

Well, at least I now know you hate labels. That's something I suppose. This exchange has gone on for far too long, I think. I'll exit here.
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