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Now I wonder if one must start the client with the large keypool settings in order to maintain said large keypool, or if doing this once only will result in the client using the very large keypool until it's down to only 100 unused keypairs. This would be a reasonable way to back up for archival purposes, as such a large keypool would take most people years to consume.
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In the future, may I recommend that parties agree upon an escrow and/or mediator with large contract deals?
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Correct, the pool of appointees for the board of governors is limited to employees of the Federal Reserve, or high ranking employees of member banks.
Do you have a link about this? Not handy, but I'll try to find it again later. |
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of course i'm not certain but one cannot fault the logic. i understand the inflation logic too but deflation makes more sense to me right now.
You are correct that I cannot fault the logic. |
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Hate to bring this up, because it will change the price.
A gallon of vegetable oil is now cheaper in some parts of the country than gas. Why the big deal?
Because now people with Diesel Engines can buy new vegetable oil and use it for gas cheaper than diesel.
Myth-busters already did the experiment. They took a un-modified diesel car and poured used vegetable oil (that they got for free from a restaurant). The car ran great but they said it smelled like french fries.
Point being, it won't be long before others catch on, and havoc will ensue.
Was Rudolf Diesel ahead of his time or what? Finally going to run the engine with what it was designed to use. Oil companies did a good job hiding it for awhile but it is out now.
With virgin oil, the buyer has to choose between using the oil as fuel for a diesel truck or as fuel for his body. No, that is what is great. Cook with it, then run it through some cheese cloth and then drive with it. You can drive with the leftovers, true. But you literally cannot eat it and drive on it. There are people in this world that literally depend upon cookies made with vegetable oil and dirt. Ultimately, biofuels still compete with human fuels, no matter their nature. |
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It is controlled partially by the federal government (appoints Chairman and Board of Governors)
My understanding is that the list of possible choices for Chairman and Board of Governors is quite short, so it's not like the president (I think) could really pick someone new, of their choosing. Correct, the pool of appointees for the board of governors is limited to employees of the Federal Reserve, or high ranking employees of member banks. |
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There are exactly two positions within the Federal Reserve that are paid for by the government. Needless to say, those two positions are not essential for even the functions of the Federal Reserve, much less the nation as a whole. The only way that the Federal Reserve shuts down is if Congress votes to end their charter.
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the Fed is clearly indicating a stoppage of QE and they've performed a couple of reverse repos in the mkt (selling assets which pulls liquidity).
I think that has more to do with the change in the political climate than any far reaching stragedy. BB probably drank himself stupid after learning that Ron Paul would be the new chairman of the house financial oversight board. That doesn't mean that QE3 wouldn't happen in a heartbeat if the political winds changed.
i think their goal is to keep the markets off balance. with everyone betting on inflation, they will do the opposite b/c the economy is in better shape and they can afford to. forget this one world currency theory; the Fed will NEVER give up their franchise of the USD hegemony.
This statement assumes that the FedReserve wouldn't functionally be in control of said one-world currency. Tell me, what countries dominate the UN?
what do u think all the bankers wealth is denominated in? USD! are they just going to let Ben destroy that? plus inflating the debt away only saves the American ppl, whom they don't give a hoot about. they want to force us all to default with another secondary deflationary wave and then take the underlying assets away and OWN America. besides, if u don't buy the conspiracy theory, i can make an argument that its time for a reversal from an overbought standpoint as well as an uberbullish sentiment standpoint.
I'm not willing to contradict your conclusions, as I think that you might be right in the end; I'm just not quite as certain as you seem to be. |
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1) His parents were married and...
2) by my belief system, God gave mankind the minds of a maker, created in his image and all that. You really didn't think that "image" referred to a old white man, did you? Christ wasn't even white, but almost certain a fairly deep shade of brown.
Not all libertarians are agnostic. From my own experiences, the agnostic and atheistic subset of libs aren't even a majority; they just happen to talk more about it.
Ok, then thank God for the Holocaust! Oh, it doesn't work that way, does it? Not usually, but it's a fair retort to my statement. I suppose that it's fair to blame God for the great wrongs that his creation has done if it's fair to give glory for the other great deeds of his creation.
edit... That came off as more aggressive than I intended, but my point stands. Anyway, this is off topic and for that I apologize. I dislike religions for the way they prey on the young and weak, but I have no problem with individual followers as long as they don't try to push their beliefs on others.
I'm not so easily offended. And I'm a gnostic Christian, we don't evangelize. |
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creighto: you're very much like me in what you've stocked. however, i believe in stock mkt cycles and we've way over reflated the last 2 yrs and its time for Ben to let alittle deflation in. you're starting to see it today i stocks. anything but USD cash is very risky right now.
Perhaps, but deflation requires a more deliberate act on the part of the Fed to invoke than inflation, because it's harder to mop up the water than to pour it out of the bucket. |
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No currency is useful without a functioning market, and that requires a civilization. Bulletts are a good idea, though, even if you don't own a gun. 22lr, 38special and 9mm are the best choices.
Existing currencies would of course be useless, but I think some form of currency would likely emerge even with only a handful of people. It's a pretty useful technology. To be fair, digital currencies have a disadvantage there (say, to gold), with the usual post-apocalyptic scenarios. However, this may actually change in the future, as eMansipater said. Maybe we will discover a low-energy way to communicate in large distances before this Armageddon. Millions of such solar powered handheld devices will be lying around... Then Bitcoin could be the best option. Search the forum for the term, "Dash7" |
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Hate to bring this up, because it will change the price.
A gallon of vegetable oil is now cheaper in some parts of the country than gas. Why the big deal?
Because now people with Diesel Engines can buy new vegetable oil and use it for gas cheaper than diesel.
Myth-busters already did the experiment. They took a un-modified diesel car and poured used vegetable oil (that they got for free from a restaurant). The car ran great but they said it smelled like french fries.
Point being, it won't be long before others catch on, and havoc will ensue.
Was Rudolf Diesel ahead of his time or what? Finally going to run the engine with what it was designed to use. Oil companies did a good job hiding it for awhile but it is out now.
With virgin oil, the buyer has to choose between using the oil as fuel for a diesel truck or as fuel for his body. |
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Does the oil come from vegetables subsidized by the U.S. government, e.g. corn?
I guess in a small part yes, but not a large part. Most corn subsides are not to grow corn, but to "not" grow corn. Commodities are a complicated business if you want corn to get around the world. If it was just a local business, you wouldn't need a commodities market. Funny, Restaurants and Chains used to pay for people to dispose of their used oil, now people will be picking it up for free, until the Chains realize they can sell it. Too late. I had a sidejob of collecting WVO from a local bar for over a year, but that ended about three years ago. Now you can't even buy their WVO, because most of them have exclusive collection contracts. Maybe that is just around here, though. I live in Kentucky, where half of the vehicles on the road are some variation of a truck, and half of those are diesel. Almost no one uses heat oil to heat their homes, but a crapload of the stuff is still sold around here. Did you know that the red dye the feds put into heat oil (untaxed #2 diesel) can be filtered out pretty effectively with a filter that uses a roll of toilet paper as the element? |
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Thank God for the Internet. That bastard had nothing to do with it! Thank Vint Cerf et al!  1) His parents were married and... 2) by my belief system, God gave mankind the minds of a maker, created in his image and all that. You really didn't think that "image" referred to a old white man, did you? Christ wasn't even white, but almost certain a fairly deep shade of brown. Not all libertarians are agnostic. From my own experiences, the agnostic and atheistic subset of libs aren't even a majority; they just happen to talk more about it. |
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"So would every other currency as compared to the US $, so long as a functioning federal government exists and people continue to expect that to persist. This isn't an issue unique to Bitcoin."
you're right about that not being an issue unique to Bitcoin but as you said everything would tank while the USD does a moonshot. this is how i foresee Ben saving the Fed and their franchise of the USD as a reserve currency.
I doubt it; since the FedReserve is functionally owned by the membership banks while also being beholden to the federal government due to it's charter monopoly. If BB ever openly screws either side, the game is up. Personally, I keep a significant portion of my savings in things other than US $ denominated assets, but admittedly not a majority. I have silver rounds (no gold, can't use gold, can use silver for it's antimicrobial properties), more guns & bullets than everyone in my family could use at the same time, a well stocked pantry, tools and the means to make other tools, (makerspaces are an awesome resource) and a relatively small value in bitcoins. I actually buy stuff in bitcoins, but save in material objects. |
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So you would be selling ag futures contracts in Bitcoin?
Not now. They will selling products from a stock. So is this a local market, like an online version of a "farmers' market"? That's simply ingenious! |
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Bulletts are a good idea, though, even if you don't own a gun.
Especially if you can throw them, really fast. Funny! I ment that they are a good bartering item, and those three calibers are the most commonly used in the United States. 22lr is the king by a wide margin. And if the future ever looks anything like Zombieland, finding a handgun in one of the two latter calibers should be relatively easy. At least in the land of 'Life, Liberty and you can have my gun when you pull it from my cold dead hands'. Places other than the US are probably going to have more difficulty, but those places don't let civilians buy bullets to begin with. |
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personally, i'm preparing for very hard times here in the US. i don't think we avoid the austerity that the Europeans and Middle Easterners are facing right now. our debt is just too big and the banks just won't let us off the hook. my bet is that Ben reverses the liquidity spigot right here right now to wrong foot every inflationist on the planet (which is just about everybody). in that case, bitcoin values plunge.
So would every other currency as compared to the US $, so long as a functioning federal government exists and people continue to expect that to persist. This isn't an issue unique to Bitcoin. |
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