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I like the idea of Ripple. It is a Proof-of-IOU system that can complement B2B networks as barter. I wouldn't try to scale it as a B2C economy, but business reputation is easier to verify.
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No doubt.
Satoshi >> [Aristotle + Plato + Pythagoras + Newton + Heisenberg + Schrodinger + Einstein + Tesla]  |
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All I'm saying is that a market driven by consumption doesn't exist. I did not say it isn't a good idea.
Oh, how should I have interpreted your "Utter nonsense." comments then? But such a thing does not, and cannot currently exist. Again, fallacy: begging the question. Perhaps I should have exclaimed Poppycock and Balderdash! Harrumph! You may believe that a free market can exist, but I will not attend your church. Good thing people didn't think like you that there can not be a world without direct slavery just because they didn't know a world where that was ever possible before.  Are you beginning to see the fallacy? Now who is begging the question? I think the only difference between us in human motivation. I do not believe in markets. I see them as abstract notions inculcated upon children, much like Santa Claus. Slavery is another issue, and that's why god invented gunpowder. I'm sorry, from what you're telling me it is my opinion you lack basic comprehension and reasoning skills for us to be able to have a productive discussion and so I'm removing myself from it. Cheerio. Yes, I am not able to make inductive arguments based upon assumptions. My bad. Good luck with creating the free market! I'll continue to promote a resource based economy like is used by every family in the world. |
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All I'm saying is that a market driven by consumption doesn't exist. I did not say it isn't a good idea.
Oh, how should I have interpreted your "Utter nonsense." comments then? But such a thing does not, and cannot currently exist. Again, fallacy: begging the question. Perhaps I should have exclaimed Poppycock and Balderdash! Harrumph! You may believe that a free market can exist, but I will not attend your church. Good thing people didn't think like you that there can not be a world without direct slavery just because they didn't know a world where that was ever possible before. Are you beginning to see the fallacy? Now who is begging the question? I think the only difference between us in human motivation. I do not believe in markets. I see them as abstract notions inculcated upon children, much like Santa Claus. Slavery is another issue, and that's why god invented gunpowder. |
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All I'm saying is that a market driven by consumption doesn't exist. I did not say it isn't a good idea.
Oh, how should I have interpreted your "Utter nonsense." comments then? But such a thing does not, and cannot currently exist. Again, fallacy: begging the question. Perhaps I should have exclaimed Poppycock and Balderdash! Harrumph! You may believe that a free market can exist, but I will not attend your church. |
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And here I thought you were making a libertarian argument. My bad.
I have no idea what you are talking about. What I really want is good outcomes, to maximize my potential more precisely, and I know that just like with food I buy a market regulated strictly by consumption i.e. a free market will yield the best products at the cheapest prices so too I know a market strictly regulated by consumption will yield the best jobs with the highest wages. Utter nonsense. The notion of a free market is a myth. Saying it doesn't make it so. Show me evidence of a macro-economic free market and I will show you a market controlled by government regulations. Fallacy: begging the question. Heard of it? I am not the one trying to prove a negative here. Since you claim a free market exists, do you have any evidence? Get back to me once you understand why I said you used that fallacy and where you made your mistake. Begging the question is positing an argument without backing it up. I did not profer anything. Calling something a myth is nothing more that expressing skepticism. It is a fugure of speech. I was not implying that it is a grand mythos followed by worshippers. All I'm saying is that a market driven by consumption doesn't exist. I did not say it isn't a good idea. But such a thing does not, and cannot currently exist. Even Bitcoin will not solve that problem. Some future descendant of Bitcoin may do so. |
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And here I thought you were making a libertarian argument. My bad.
I have no idea what you are talking about. What I really want is good outcomes, to maximize my potential more precisely, and I know that just like with food I buy a market regulated strictly by consumption i.e. a free market will yield the best products at the cheapest prices so too I know a market strictly regulated by consumption will yield the best jobs with the highest wages. Utter nonsense. The notion of a free market is a myth. Saying it doesn't make it so. Show me evidence of a macro-economic free market and I will show you a market controlled by government regulations. Fallacy: begging the question. Heard of it? I am not the one trying to prove a negative here. Since you claim a free market exists, do you have any evidence? Get back to me once you understand why I said you used that fallacy and where you made your mistake. Begging the question is positing an argument without backing it up. I did not profer anything. Calling something a myth is nothing more that expressing skepticism. It is a fugure of speech. I was not implying that it is a grand mythos followed by worshippers. |
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And here I thought you were making a libertarian argument. My bad.
I have no idea what you are talking about. What I really want is good outcomes, to maximize my potential more precisely, and I know that just like with food I buy a market regulated strictly by consumption i.e. a free market will yield the best products at the cheapest prices so too I know a market strictly regulated by consumption will yield the best jobs with the highest wages. Utter nonsense. The notion of a free market is a myth. Saying it doesn't make it so. Show me evidence of a macro-economic free market and I will show you a market controlled by government regulations. Fallacy: begging the question. Heard of it? I am not the one trying to prove a negative here. Since you claim a free market exists, do you have any evidence? |
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Nothing like an otherwise irrelevant display of irreverent free speech to bring out the uncritical Legalists among us. I see this kind of chess game, USA Government Vs garzik and foundation members:  This is perfect. Unfortunately, only perhaps 1% of those here will actually understand it. Bitcoin is on the left, I presume. |
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And here I thought you were making a libertarian argument. My bad.
I have no idea what you are talking about. What I really want is good outcomes, to maximize my potential more precisely, and I know that just like with food I buy a market regulated strictly by consumption i.e. a free market will yield the best products at the cheapest prices so too I know a market strictly regulated by consumption will yield the best jobs with the highest wages. Utter nonsense. The notion of a free market is a myth. Saying it doesn't make it so. Show me evidence of a macro-economic free market and I will show you a market controlled by government regulations. |
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And here I thought you were making a libertarian argument. My bad.
I have no idea what you are talking about. What I really want is good outcomes, to maximize my potential more precisely, and I know that just like with food I buy a market regulated strictly by consumption i.e. a free market will yield the best products at the cheapest prices so too I know a market strictly regulated by consumption will yield the best jobs with the highest wages. Utter nonsense. The notion of a free market is a myth. |
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Yeah, sure. The USA is going to comit the same mistake twice? Do you remember when they allowed the Persian Sha to print their own 100$ bills? Are you sure the USA is interested in spread a system designed to destroy the rial, and after that, the dollar too?
That's what they do best. |
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I agree with the latter two points, but how does a low fixed price lead to higher prices?
MAXIMUM wage is fixed up, not down. If employers are forced to EARN more what that job is worth, they'll transfer that cost onto the consumer -> higher prices. FTFY. Actually I did make a mistake but you didn't fix it. It should have said: I agree with the latter two points, but how does a low fixed price lead to higher prices?
Minimum wage is fixed down, not up(it should be lower but isn't allowed). If employers are forced to pay more what that job is worth, they'll transfer that cost onto the consumer -> higher prices. I'm not sure what you mean by "fixed down." Minimum wages are supposed to reflect a living wage (which they currently don't) and force employers to make business choices that reflect market reality. It means wages can't be any lower than what the minimum wage forces employers to pay even if the employers determines that it's more than what the job is worth. So if he has to pay more than what it's worth, he has two options, either fire/not hire the employee or to raise the price of his goods and services to make it worth that job ergo higher prices. And here I thought you were making a libertarian argument. My bad. |
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As far as I'm concerned; until complex transactions are available, Bitcoin adoption is in the puppy love stage.
care to explain what are these? Escrows, m-of-n, and time-lock transactions. There are many technical projects being developed as well. Don't even get me started on the tools in development. There is a big blue horizon ahead for Bitcoin, but so far we are only starting to taxi. |
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As far as I'm concerned; until complex transactions are available, Bitcoin adoption is in the puppy love stage.
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I agree with the latter two points, but how does a low fixed price lead to higher prices?
MAXIMUM wage is fixed up, not down. If employers are forced to EARN more what that job is worth, they'll transfer that cost onto the consumer -> higher prices. FTFY. Actually I did make a mistake but you didn't fix it. It should have said: I agree with the latter two points, but how does a low fixed price lead to higher prices?
Minimum wage is fixed down, not up(it should be lower but isn't allowed). If employers are forced to pay more what that job is worth, they'll transfer that cost onto the consumer -> higher prices. I'm not sure what you mean by "fixed down." Minimum wages are supposed to reflect a living wage (which they currently don't) and force employers to make business choices that reflect market reality. |
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Care to explain how a sociopath equals a fascist?
That's kinda like asking how a pedophile loves children. If you have to ask... |
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This discussion isn't about politics, but about fear. I am seeing a disturbing trend in Bitcoin development towards centralization with e-wallets (bitcoincard), tainting, coloring, proof-of-stake, etc. It is what it is. The threat from the state is real.
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Didn't Iran invent language? They should not have exported that.
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Abby has an opinion show. If you don't like it, then go back to watching Fox News. ;-)
/end thread.
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