Technological redundancy is more of an issue now than ever before, and will speed up into the future. How to continue?
Everyone works fewer hours
More people employed in sports
More people employed in burocracy - hard in a ressesion
More riots destroying infrastructure and giving people jobs rebuilding - bad, but currently by design in everyone's interest, not just the big players.
The concentration of power reasoning is good. However benifits will pay more and more compared to work, maybe eventually allowing both at once, so there may not be that much of an issue.
100% jobs is good? or 100% jobs is the least efficient society possible? How about 100% of you'r time in education?
If I don't have to work but more do thats bad. If fewer are required to work then thats good.
We're currently in a jobs shortage at the moment, it would greatly help morale if those least enthusiastic about their chosen profession stopped working, there are many others eager to take their place, those not working can still make productive use of there time, even if it's something seemingly small on a large scale like seeing more of there children.
Good point, those not very enthusiastic workers should at least accumulate several years of savings before they quite the job, but I think they have lost such an alternative, because of their debt of the house. Another issue is that many people can not be replaced easily, since they have accumulated so much knowledge through many years of working and continuous learning 100 years ago, in such a overproduction situation, war is very good at eliminating redundant human and infrastructure. If people do not want to take a violent approach, then I guess the financial system will have to take a huge reform, pay per work model will disappear in some area (it's already happening in open source community) |
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I doubt it. I'm a firm believer that a financially responsible person will be responsible no matter the amount of money they have and vice versa. Giving a financially irresponsible person more money only compounds the problem. There's a reason why so many lottery winners and sports athletes go bankrupt. The amount of money they have doesn't matter, they're financially unable to manage any amount and a fool and their money eventually part ways.
The average american is swallowed up in debt. Not just a mortgage on a home they can't afford but credit cards and overpriced gas guzzlers. Our savings rate is pathetic. Giving them free leverage would only compound the problem.
I'm not saying the banks should get a free pass or that they are not a major part of the problem but more free handouts is not the way to curb excessive spending.
A financially responsible employer will very willing to hire 5 chinese workers instead of 1 american worker since they cost much less. It is exactly this way of thinking put millions of americans jobless If you are the central bank and money is just some digits in your account which you can add or remove at will, and you know these generated digits will have various impact in economy, then how do you assign those digits so that the society will get maximum benefit of it? Money is just a driven power, what to drive is the question  |
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Timecoin might be a future spotlight, especially when the difficulty rise further and per block reward cut in 2013
Timecoin also rewards miners (proportionally) less and less over time. Maybe you prefer expocoin or freicoin (with fixed monetary base) for the purpose you talk about. Maybe expocoin is good, I believe 3-5% increase in money supply is required if the currency ever will be used in mass scale Currently IXcoin took part of the hash power from bitcoin miners, but that is more towards the deflation end of the spectrum and I'm not very convinced it will succeed, hopefully some expocoin fork will provide wider selection later |
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Some of the hash power have moved to Ixcoin, and the exchange between Ixcoin and Bitcoin has very quickly balanced the market value of these 2, is this kind of inflation? Ixcoin seems to flood the market with newly created coins, which is BTC exchangeable;D I can already see how inflationary bitcoin will be, caused by many different types of fork in the future  This will hurt the credit rating of BTC |
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Frankly, there's nothing wrong with Bitcoin. No, I'm not talking about the economy that's sprung up around Bitcoin, I'm talking about Bitcoin itself.
Can anyone tell me what's wrong with Bitcoin? Is it something that IXcoin, Smurfcoin, or some other fork can solve?
I think most things a person could bring up would be things like: Mt. Gox, Mybitcoin, difficulty using exchanges, lack of accountability, lack of insurance, mass adoption, business adoption, etc. -- things that are connected to Bitcoin, but not Bitcoin itself.
So starting a new blockchain does *nothing* to bring us even one nanometer closer to electronic currency nirvana.
There are mainly 3 problems with Bitcoin: 1. It unfairly benefit early miners (IXcoin just amplified this to a degree so that everyone can see it clearly) 2. Deflation nature make it unsuitable for serious long term business (IXcoin also made this worse) 3. Difficult to understand and use, wallet.dat security issue (IXcoin has no improvement) These 3 problems in Bitcoin makes it very like a scam instead of a digital currency that has real long term potential. Unfortunately IXcoin just made these 3 problems worse, so it seems even more like a scam  But what if IXcoin can fix these 3 problems? I think it will really become a replacement to bitcoin in a longer perspective, or at least urge bitcoin to improve a lot |
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Timecoin might be a future spotlight, especially when the difficulty rise further and per block reward cut in 2013
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Mine open frame rig has been put in the balcony for weeks, it passed rain/hail/storm/sun test, still rocks. Basically I just put one layer of plastic foam cover the top and front side of the frame to prevent rain drop into it by accident
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I am using the board with 3 gfx's, the pci-e x1 slot can be used just fine, but you need to short pin A1 with B17 ( https://bitcointalk.org/index.php?topic=36061.0 ), I used a cable tie (got loads of them whenever I get hardware with cables), with exposed ends, it's been running just fine for 2-3 weeks now. Thanks, shorting these 2 pins really did the trick! |
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I got an extender for the PCI-e 1x slot (to PCI-e 16x) but when I connect a 5870 it does not show up on the device list (linux: AMDOverdriveCtrl -h command lists only 2 cards).
Do I need to enable this PCI-e 1x slot in the BIOS? Any advice welcome.
I have the same problem, use an extender to connect the second/third 5870 to the pci-e x1 slot and it does not get recognized, even lspci did not show the adapter infomation. Any one have a similar board? In my opinion, if the second pci-e x16 slot is operating at x4 mode, it will disable the pci-e x1 slot, but in BIOS there is only one option to force the x1 mode for the first pci-e x16 slot, not the second |
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Is it so that everytime I change the graphics card, I have to reinstall the linuxcoin using unetbootin?
I just replaced one of my 5870s with a 5970, lspci showed the card, but aticonfig can not get the clock/temp of the 2 added gpus...
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I think current system is still quite flawed, the money do not flow to the most needed place. The banks sitting at the top. They can get 0 interest loans, but that does not really help the economy, the mass demand typically come from the consumer. If every consumer at the bottom of the society can get 0 interest loans, the economy will be back on track right away. Of course money also works as a score system to evaluate every one's work, so that "you should not get paid without work", but since the value is decided by demand and supply, this score system seldom works as it should, there are still plenty of people get paid very well without any work. Those banks get 0 interest loan because the economy is getting worse, not because they are working hard, this is quite confusing  |
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Free Market = Those who have the most capital decide
no. those who can offer most services and goods decides and even then only if you want to buy from them. These are all equal to: Those who have the most resource decide. What's the civilization part to differentiate it from any animal world? |
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In a free market, if this model is so attractive and have long term potential, then there will be another type of P2P currency competing against it, but there is still no competing currency until today, seems no one take it seriously
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Free Market = Those who have the most capital decide
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It's a pity that I bought lots of silver and short some gold, although I'm overall long in PM, that do not bring me profit due to the sluggish trend in silver |
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Like logansryche in #22 pointed out, you can live a basic life with food stamps and other necessities and still mining BTCs Of course many people have raised their living standard and it will be painful for them to move to a lower living standard, and their sense of identity also get hurt So I think the social wellfare level should be increased, not decreased like what the government is doing now. With an increased social wellfare, people feel safe and have money to raise their living standard, and high unemployment is not a problem anymore, but just a sign that the society is very rich so that many people do not need to work It just feel so strange that we have enough technology but still not able to fullfill everyone's need because of the limitation of today's monetary system |
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great investments are never seen by the masses. poor ones are often too obvious.
I also joined this game with such kind of hope, BTC have the potential, the bubble could be 100 times bigger than real world economy bubble, who knows |
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for you to look at that Employment Recession chart and cheer that it is somehow evidence that all is good and we need more of that is beyond me. as if this is supposed to be a positive when all the evidence indicates its a negative. i mean the whole world is up in arms about whats happening b/c of the status quo and you're happy about it.
Well, I'm happy because I think I found the fact that really match my theory: we do not need more people to work. As my other post indicated, from 10 years ago I have been asking this question around all the economic forums: "If robots are used widely, will almost everyone lose their job?" And even today there are few can give a systematic approach to this problem I heard in one of the minority economy theories, they think high jobless rate is a natual part of mordern society, so it is not a problem as long as social wellfare system is strong enough. I don't recall the name of that guy... |
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Although I have some gold short position, I hope gold not going down, otherwise we really could not find the next bubble to save the world why couldn't that new bubble be Bitcoin? I have read such a rule and agreed with it: Any kind of bubble, if it want to be very successful, must have 2 criteria: 1. It should be very simple outside that everyone on the street can immediately understand and accept it 2. It should have enough complex pricing model, and most of the scholars can not prove it is a bubble Just like someone posted, anyone on the planet, from a chinese factory worker to an indian farmer will all accept a gold bar, not a usb flash drive with a wallet.dat stored  |
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