you guys should take the time to read all the articles on this event. Could it be the beginning of the end for the Keynesian Theory school of thought? After all, Krugman has been one of its major proponents over the years. Several mentions of the gold proponents arguments were put forward as ground for getting rid of Krugman. Yep, the tide is definitely turning on the post-Keynesian madness. I think the killer blow was the now obvious realisation that the massive inflation has done nothing but increase the wealth disparity in society and make the economy perform worse. Both of these effects are symptoms also of communist centrally planned economies, surprise, surprise ... well not for some of us. The bad actors and incompetent have been incentivised to keep on failing whilst productive, law-abiding savers have been disenfranchised and stolen from ... bailouts and inflation. Krugman was not just an apologist for this criminal behaviour but a vociferous proponent and political activist in many ways. He should be indicted imho, leaving academia in disgrace is too good for him. |
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On this one I agree with him .. it will be on the Namecoin blockchain. It has more space and tools set-up to store title hashes already, also it is merged-mined with bitcoin so provides a similar level of hash-power security. Smart contracts will be better performed by low computational cost transactional servers like openTXS servers, with linkages to hashes anchored in the namecoin blockchain. None of this is new but people chose to listen to fairy tales instead of putting in the hard yards to understand. |
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Looks like some interesting kit.
So all open source? Which license?
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Who are devs of Namecoin?
that's a moving target ... there are few of us, some come and go too. Some disappear forever  |
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We get it (and he gets it). The guy is going to be proven wrong. Let's stop beating this dead horse, or risk making ourselves look like spiteful asses. If you care enough about him and feel like you must act, here's a suggestion. Tip him, make a donation in his name to Sean's Outpost, or do something that might welcome him into the community. Do something positive for a change.
Yeah, right after he honestly and rightfully admits to all his motivations and agendas .... like that he's a paid shill for the bankers ... |
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Well done domob, the vision becomes reality ... might be sending a tip to id/domob now it is so easy  |
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Speaking of feedback control theory, it's too bad Satoshi didn't have more experience in that area. If he'd ever tuned a PID controller, then maybe the difficulty formula would have included both a P and an I term. Not that 8 minutes block intervals are necessarily a bad thing, of course. Maybe he did and decided that "perfect" is the enemy of the "good enough for now"? ... and pull requests on tangible improvements can theoretically still make it through the political scrum on github/bitcoin? |
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keeping the bitcoins for B2B transactions ding, ding ... these will be the winners. |
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good discussions here lately guys ... becoming a great thread again  |
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gold could easily explode at any time ... no i mean really explode.
the parlous situation in the gold markets and gold banking world is untenable, there is very little physical gold to be had anywhere.
on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
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Bubble is not the correct terminology to be using for these upswings since the lows have never gone below the previous cycle high, yet.
They are more correctly waves, or super cycles, hype cycles perhaps ... but not bubbles, that's just plain wrong.
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Well I see the grand tradition is being upheld right here on bitcointalk ... a goldbug thread descends into a troll pissing contest.
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If he had said BTC will go to $10 in Feb 2009 he would have been considered a genius at this point ....
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I think people will put their fiat into bitcoins when the inflation will get huge even measured by the official numbers and when the financial system will vibrate
Real estate is a less risky way to hedge inflation. You should tell that to all the MBS holders from the Aug 2007 credit market seizures ... they turned illiquid (i.e. worthless) overnight. |
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the existence of nonlinear super-exponential growth ... now ya's are getting to it ... |
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LOL. Very entertaining. Yes, they are the ultimate followers. Don't expect wisdom or prescience from TV news heads. They have no idea what is really going on. But the fact that we are on CNBC and Bloomberg at all is still a little amazing to me.  Better than just followers they are the ultimate doubters, the wall of worriers, they will be with us the whole way up. Watch them, since they are the best indicators for sentiment. |
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The Supreme Court is in on the US Dollar fractional reserve lending ponzi scheme and questions shall not be brought up.
Agreed. Going from the historical examples we are not that far along from the point in the tyranny cycle when judges, bankers and politicians all, are swinging from lamp posts by their necks. I think Mr. Parks has got it somewhat backwards. The IRS regulations issued for Bitcoins precludes the IRS from being considered a legitimate authority but rather a rogue agency of the State intent on destroying economic freedom. |
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So June 30 is "Bitcorn Day"?
Edit: and did anyone ever get to the bottom of that money trail from the Bitcorn that was rumoured to lead back to JPMorgan?
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Small note I believe he refers to himself as ...
Herr Doctor Professor Mark T. Williams
just so there is no confusion as to who he exactly is.
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