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521  Other / Politics & Society / Re: Democracy, the living fallacy of numbers on: January 20, 2016, 02:08:43 AM
Doubt it, and this world isn't going anywhere to decentralization. We are way too many and way too many totalitarian groups are forming around.

People nowadays seams to need to learn the boundaries of democracy. You can't vote for anything, there's plenty on this world that our opinions counts for nothing. You won't make Santa real by voting it, you don't make God real by voting it, you won't bend a single law of physics by voting and so on...
And even if we vote, no matter the result, it doesn't make it legit, fair or just.

I recall a movie, isn't quite a good one, named Starship Troopers, it has an interesting political system however. A sort of democracy where voting rights are earned by public duty. Maybe something to think about, after all what's "given" has no value.
522  Economy / Speculation / Re: Global crisis... on: January 19, 2016, 02:01:55 PM
You seams to misinterpret me as a some sort of economics Taliban of the black&white branch.
Obviously I'm not a "lesser-fair" fanatic to such way or see it as a black and white rule-less anarchy.
We live in a world of mass-production, mass-production can only survive as long as there's mass consumption, and consumption is currently low, this is not "gossips to take down a market", just plain math.
Want to sort it out? Great! But it will never be sorted at the financial stack, make new stuff that people may need, a single industry can provide for a lot.
523  Economy / Speculation / Re: HUGE BLOCKS on: January 19, 2016, 12:30:46 AM
This sort of behavior is more usual on people that didn't get yet how bitcoin works and think that by moving the same coins from address to address "washes" them up..
524  Other / Politics & Society / Democracy, the living fallacy of numbers on: January 18, 2016, 11:35:36 PM
For how long we can run a system where we ask people who can barely, or even can't, manage their own households, who is suitable for manage the whole country?!

Furthermore, we seams to come to the ultimate Democratic bull, when people think they can vote for anything! I own you x? Let me vote here with my folks to decide if I own you or not.
Why don't people just vote against gravity and jump of a cliff?!

There's no limit for the number of idiots, the only known limit is the number of voters...
525  Economy / Speculation / Re: Global crisis... on: January 18, 2016, 07:22:06 PM
Let's start by the beginning; the creation of capital.
Capital starts at its harvest from nature.
Increases at industry, the add value.
Increases again at retail and logistics.

Basic extract 1 rock costs 100 bucks, a statue made of that rock costs 1000 and the guy at the gallery will sell it for 1500...

Between all these steps you've trade, isn't just a "Real estate sets the price" game! At each trade line prices need to be set, and those relies mostly on supply and demand. If I'm a RE agent and got 1 property to sell at a specific location for 1 million, I probably can do it, however if I've 20 properties on sale at the same location, or if the construction isn't attractive, I would be lucky to get 500k/each. In between because some trades requires good amounts of money, it usually included a bank financing it.
If at some point I start to sell them under production costs I can no longer provide enough for its industry, this cause a bankruptcy down the line, from the extraction to the builder including the bank.

"Who's to blame"? I see those "this have to have a guilty" (usually ending up with a fold guy) nothing but a waste of time. It's an economic cycle, with all and no one to blame.

Back on 2008/9, two courses of action could take place, laissez-faire and take the hit or bail it, making the hit smaller, but at short term. If the first one was bad, the second one ends up to be only apparently good.
There's a major difference between private and public business, the first one can bankrupt, the second one can't, better said, can but will drag everyone in the tidal wave. And here comes the Achilles' heel of 2008/9's action that will make the next crisis a much bigger one; States are now fragile with debt going through the roof and can't redo what they did back then.
They intended to control finances, and I don't say this isn't important, but in the economic cycle fix the finances is like trying to fix the OS when the issue comes from faulty hardware.

The solution is now a bit of a lottery; either the industry manages to somehow refresh its market and reboots or prepare to take the hit. The oil prices are an example of issues at layer 1 (extraction) caused by lack of demand at layer 2 (industry). Time will tell, anyway the rules of logic demands that we must always hope for the best but prepare for the worst.
526  Economy / Speculation / Re: Global crisis... on: January 18, 2016, 02:21:25 PM
Real estate are construction salesman. Again you miss the picture by blaming the retail. Will you blame MediaMarkt or Wallmart for low laptop sales performance?

About governments, I'm not a "government hater", and isn't exactly the "did they wrong or did they right" kind of thing, but rather a "what can they do".
They tried to sort it at the higher layer of the economic stack, and did so by injecting debt-generated money into it. So the question is: What good does it do other than a temporary relief?

"Oh they regulate financial markets"... right... what is that suppose to mean? They close the stock market if something goes too low? They forbid banks to loan to less profitable industries? How can they tell which industries are profitable? Venezuela style?
Everybody is acting as if capital was generated at the financial layer!
527  Bitcoin / Bitcoin Discussion / Re: An idea for 2021: Dual-chain on: January 18, 2016, 02:24:08 AM
If we manage the system to be painless we can refresh the chain every 10 or 20 years...

Let me put this more clear to you:

Genesis block matches a specific current block without inputs or outputs, just the same header in a way its hash is the same, zero padded to match block size.
Blocks 2...14 "generate" the coins on this second chain, copying the headers of the previous chain mined block, zero padded (means some hash too).
Blocks 14 to x will output from the previous step generated coins to the last know address where they're at at the old chain, checking also if those coins moved at the old chain to make changes accordingly. Here can be tricky as the block length has to match the current chain, but we can create a special field after the nonce for these blocks to reset its size counter...

At the end you'll have the same chain, at the customer side if you've 100 coins at public key address 1Axyz you now have the very same 100 coins assigned to the very same private key. As if nothing happened.
The difference, this "fresh chain" will weight only a couple of Gb while the old one will be too heavy to drag around.

Put to dead archive isn't anything new, it's what banks do with transactions. They don't keep your 1992 withdraw history in their live servers...
528  Bitcoin / Bitcoin Discussion / Re: An idea for 2021: Dual-chain on: January 18, 2016, 12:57:39 AM
1. you will not have more bitcoins on the market, they're all assigned to the addresses where they are already.
2. it duplicates the data for a while, it's true, but the new chain will be lighter.
3. no, does the same, just adds the input at #2.
4. meaningless...

The rest, even more meaningless... I think you understood this second chain was meant to create more coins.

The idea is to pass the current chain to "dead archive" and set a fresh one. So you wouldn't need to download 500 Gb+ of data due to blockchain oversize.
529  Bitcoin / Bitcoin Discussion / An idea for 2021: Dual-chain on: January 18, 2016, 12:45:33 AM
This is still way sketchy on my head, but an idea to slim down the blockchain, once all coins were created, could be to create a secondary chain, making it go on dual chain for a while, dropping the heaviest after some time.
This secondary chain would start with 1000 reserved blocks that would consist on a pre-mine of the 21 million BTC and distribution of those coins by the existing addresses with positive balance. During a while any change at one chain would reflect at the other, until it seams to be no longer need for keep the old one.
530  Economy / Speculation / Re: Global crisis... on: January 18, 2016, 12:39:38 AM
Out of chaos comes order. New world order. With global govt and SDR for currency. First they create the chaos.

I don't think of this as a conspiracy and neither do governments can prevent, or otherwise, what's happening.
Let's, for an instance, look at the IT industry, if you've a 2010 computer hardly you need new hardware, laptops and PC's are in downtrend for a while. Meanwhile tablets and smartphones took over and kept it alive. But at this time everybody has a lot of phones, tablets enough to make play cards decks with it... so what to do next? TV, same. The transaction from CRT to TFT/LED boosted the market for a while, but it doesn't look like UHD or 4K are of any use, so hardly it will sell enough to pay up.

Without anything to make the market move, it slowly burns out. Simple as that.
You can "create" consumers with money giveaways, but those "consumers" aren't producing nothing themselves (not adding capital to the system), so they're leaches and will do nothing but to help on deplete the existing money.
531  Economy / Speculation / Re: HUGE BLOCKS on: January 18, 2016, 12:32:09 AM
If you follow through the biggest tx there you'll notice the same coins are being moved over and over by addresses;

https://blockchain.info/address/1GeLrvRc32ZR5PBc8zEsah8BejdefthdV
(...)
https://blockchain.info/address/16cs4ugdrLQpqDdTzgfqaeLG7wWCcMLLsQ

looks like an idiot trying to "self-wash" his coins...
532  Economy / Speculation / Re: Global crisis... on: January 17, 2016, 07:31:23 PM
First of my primary question was how do you think Bitcoin will perform during an eventual crisis, not discussing that crisis here.

But, well, first those who think laws can "prevent" 2008, deserve an epic face palm! That's exactly the worse part of 2008/9's crisis, it put governments to mess up with economics. And, no, it wasn't solved, basically what governments did was to bail-out, and bailing out is to bankrupt twice, specially because they've no money for it, means they made their own people backing the loans needed to bail-out some and those loans set public debt over the roof.
Also many fail to notice the obvious: no crisis start at the banks, it just turns visible when it reaches the banks. 2008's started by oversupply at one industry, construction, obviously the banks were financing this industry, as they do to them all, and were hit hard by its downfall. The only real banking problem came out of Maddoff's Ponzi, which got uncovered by banks trying to pull back some liquidity. And if construction alone made this huge hit, just go check the industry numbers now to see how many are endangered.

So basically that's it, I don't say that governments will not try to pull all the "schemes" to delay it, as stated at the zerohedge's article, or if something new comes along to boost the markets, but at the moment we've a receipt for disaster.

The dangers for Bitcoin during this crisis, if it comes to be, under my view are the governments turning to it after turned upside-down the citizens with taxes and no penny drops anymore, also the far-left attempts to tax on capital, being bitcoin resilient to such attempts may lead to BTC-hostile governments at some countries.
533  Bitcoin / Bitcoin Discussion / Re: A Farewell to Mike Hearn on: January 16, 2016, 07:19:41 PM
Any news on what's next for Hearn? A job with the banks??

Word in the street says he will get to work at PayPal. Don't know if it's true.
534  Economy / Speculation / Re: Global crisis... on: January 16, 2016, 07:11:56 PM
Sorry for not being so optimistic.
But along with banks resuming their fake profit scams we have oddities going to power everywhere, like the Greek Syriza or the Spanish Podemos, this means people running after populism, public and private debts are out of control. Also the market is stagnant with lack of innovation.
535  Economy / Speculation / Global crisis... on: January 16, 2016, 06:57:46 PM
Keeping the current trend, it seams we're heading towards a deep economic crisis, probably in a way that may match 1928. Trust in the markets never been so low. Basically due to turn to old bad practices which lead to 2009's crisis.

So, how do you think Bitcoin will sail through this storm?  Will it excel as a refuge or sink along?
This may also be the first time Bitcoin has to face a real world crisis.
536  Bitcoin / Bitcoin Discussion / Re: A Farewell to Mike Hearn on: January 16, 2016, 04:51:52 AM
Good thoughts.
I agree that off-chain txs can solve much of the issue, too. Increase the block size would render a chain too big for an ordinary computer, making bitcoin centralized over top IT corps.
Bitcoin has, however, been centralized already a couple of times, being the first of it MtGox, a regular centralized VC, such as e-gold, would be long dead by now. So it proved to be resilient enough to survive past eventual centralizations and centralization attempts.
537  Other / Politics & Society / Re: Oregon Musician Traveling To ISIS Controlled Syria To Sing For Peace… on: January 11, 2016, 03:33:06 PM
Looks like he is aiming for not a very long life...  Roll Eyes

http://www.al-monitor.com/pulse/security/2014/01/isis-raqq-ban-music-smoking-impose-veil.html#
538  Other / Politics & Society / Re: Why do people hate islam? on: January 11, 2016, 05:18:27 AM
The negative stigma of religions is now general, and roots out from people on general now know what their books say.
The funny part is that some parts of it were written with a totally different intention than what it comes to be. Let's take the Old Testament and the Jewish stories, like when they said they went to a town a killed everybody there. At the time the intention was to brag some of "we're bad ass, don't mess up with us", however the final effect was an argument to several prosecutions of Jews as "killers of innocent women and children"... Roll Eyes

Islam is on the same route, and to make it worse, they translated their books out of Arabic, with the intention of "spread it", however the final result may be very different from the expectations.
539  Other / Politics & Society / Re: Europe, you reap what you sow... on: January 08, 2016, 08:43:28 PM
This is all planned, deliberate destabilization of Western countries by politicians and Governments.. Flood the nation with unidentified people who will never assimilate and in fact wage war on civilians.

Then cut short all civilian freedom in the name of "security". A long known scam!
As Benjamin Franklin said:

Quote from: Benjamin Franklin
“Those who surrender freedom for security will not have, nor do they deserve, either one.”
540  Other / Politics & Society / Re: Why do people hate islam? on: January 06, 2016, 02:26:29 PM


Footnote: The fact that a later book refers an early one isn't any sort of miracle, just plagiarism.
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