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We have public health care in my country and its okay (other countries are even better).
We spend less of our GDP than the Americans:
DK: 9.8% GDP
US: 16% GDP
DK life expectancy: 78.6.
US life expectancy: 78.3.
The DK is slightly richer than the US per capita, but nowhere near enough to justify your 16%. We are less fat, but people also drink a good deal of alcohol so I think it evens out on that front.
Obama mandate was put in by republicans and will not affect you if you can't afford health care - you will be covered for free.
(Source:http://floathaven.com/forum/viewtopic.php?f=2&t=179&sid=7fa67ba9135631163f4840ce0f835a56)
I think given your numbers any change you can make is for the better.
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1. Solve scaling issues in decentralized manor.
2. Cheap good physical payment solution.
(Don't know if I can see the mycelium card being cheap/easy enough)
That should make an impact.
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Bitcoins will be generated at 50% the rate they are now. How will that affect price? A quick look at what happened to Ixcoin and i0coin tells us that their price doubled to tripled after the block reward reduction.
That is very interesting. It was also my theory. My reasoning is that miners more often will sell to fund their operation while speculators and real users buy. If the buyers are stable and supply is suddenly cut in half price has double for the buyers to be able to dump their fiat into BTC. That then creates a rally to more than double and then back "down" to double again after the rally ends. (Supply is the flow, not the total amount, same with demand.) I shall recommend people to buy then. |
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European countries can't even agree on the simplest road safety measures.
The "hilarious" thing is that my country has like some of the LEAST corrupted politicians in the world - only problem? They are pretty stupid. They lack basic education and know nothing about the "master game" the banks are playing with them as puppets. At least they have stumbled into renewable energy investments so the lights will stay on, but still... |
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Made about 3-4 business ideas possible that otherwise would not have been.
+ another great investment/political weapon.
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Blame your parents. They handed the future to the banks, and the future has finally come due. The last forty years have been a debt-driven farce and anyone who thinks we can get back to it is insane. They were running on "real economy" + "debt funding". We'll have to deal with "real economy" - "debt repayment". The only other way is default and that tends to piss off the banking class enough for them to create wars to recoup their losses. No, wars are not overall productive, but when you get a cut for financing weapons production, then a cut for financing repairs after the destruction it's a win-win. We can only hope this time the world realizes the shit they try to pull and makes it a war on entrenched banking interests instead of fighting against their brothers. The whole world is in this mess and the enemy is within every country.
I can't really blame my parents, they worked pretty hard as engineers so they helped build the nice stuff in the world. That's the other thing that's annoying, that you have all these honest people working hard, doing their JOBS and since they are not politicians and that's not their job, they have no idea how their country and their work is misused. Obviously I think a country should default if there is no way to pay it back. Once you start getting healthier countries to pay for it you are just begging for market chaos. Many of these banks have already profited massively and been paid back and since their loans often have seniority (gets paid FIRST) over EU loans and the loans from normal people/investors its all a money machine to them. |
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1. Yes, but only as "roll your owns". I do not sell my holograms separately.
I could not see the roll-your own offer on your website? Only the destroyed coins and if you get 5+ you get some roll-your-owns. Also you need more pictures on your site, like one for each offer  As to the counterfeiting it doesn't bother me much. The cost of faking them doesn't seem worth it. It would probably be easier to design a prettier coin and compete with casascius than replicating his perfectly. Even if used for general circulation they seem as safe as most cash. Even if you faked them you would have to provide a loaded address, which people could check = everything fails when people notice money is moving in and out of that address. (make that SAFER than most cash). |
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When you do work, you are paying into the economy, providing goods and services for everyone else. When you spend your money, you are taking out of the economy, cashing out the value you deposited. When you hoard money, the economy has the benefit of the goods and services you provided to get that money but hasn't had to pay you out. You have invested in the economy as a whole at that point as your goods and services provide benefits to others that grows the economy as a whole. At some point, you spend that money and cash out the investment of the goods and service you provided.
That is beautiful. Not sure its short enough to be used in my future discussions, but still great non the less. |
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http://edition.cnn.com/2012/06/29/business/eu-summit-deal/index.html?hpt=hp_t1The way I see this: 1. Corrupt governments in Italy, Spain and Greece will borrow money from banks. 2. They can't pay it back. 3. The good EU countries pay. 4. Banks get filthy rich and get the majority of the money. In essence we are handing over everything to the banks just like the Americans with the FED, bailouts and Goldman Sachs. What supports my thesis? 1. Only 15 billion EUR of the 410 billion sent to Greece actually wound up in the Greek economy - the rest? Pockets of BANKS. ( http://liberalconspiracy.org/2012/06/16/europes-real-bailout-most-of-the-money-is-still-going-to-banks/) 2. Many of the key players have been tied to Goldman Sachs, Monti, Draghi etc.. The SAME bank that funded Obama the MOST. With a banking union things will settle down for a while as Germany and my country etc. are "looted", but the problems will grow MUCH more severe in the meantime as all the corruption is allowed to further blossom and spread. My question is; wtf do we do about it? Sure BTC lets us save and hide a little wealth, but we will have to pay taxes in EUR or EUR-pegged currency at gun point! What we can earn and hide in BTC will also diminish as they destroy the economy for their narrow benefits. So yeah BTC, but what MORE? 1. Political parties anti EU. 2. Fliers about the bank "conspiracy" (pretty obvious)/youtube shows/etc. - political fight. 3. Hang politicians/bankers. 4.  I am so pissed about this. I have a family and a kid on the way and these dbags are ruining their future if not mine for a few damn nickles. Did you know the TOTAL investment in renewable energy in the WORLD is like 100 billion EUR? ONE of these lousy bailouts to the banks could basically give EVERYONE a job and grow the economy - ONE, not two; ONE.
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Perhaps people are never intending to use them as means of exchange, and just keep them for novelty value (I know that's why I got mine).
I think it would be cool if we could though. Maybe a "central bank" would need to roll and issue their own coins for each local community or just back paper with BTC. How it was done with gold back in the day. Then again there might be even less trust in a group of people. |
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@ Casascius:
1. Do you sell blank stickers and/or coins separately?
2. Any plans for a 0.5 BTC coin (since rate is going up and 1BTC might be too much for some purchases).
3. Any plans for cheap plastic coins or bills with holo-stickers for mass-issuing/cheaper postal fee?
4. Could you allow outside inspectors to see the production process or in other ways improve the trust that you will not one day run off with all the coin charges?
5. Are you talking to any communities looking to use your products as a "local" currency? (or planning similar "stunts")
6. Do you still work on non-coin POS systems?
(by inspectors I mean like visitors from this forum in your area for instance)
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So in sum, I believe that millipayments and micropayments are a very important area of innovation for bitcoin and that we can assume that there WILL BE a vast quantity of these payments in the future. Let us rework (or overlay) the infrastructure now so that these payments are seen as valuable economic activity, not blockchain "spam".
Your post was a little confusing, but I can agree to that part. I think Bitcoins could survive without the micro payments market, but if payments around 1$ and below start to become unprofitable even while there is still a miners subsidy that signals scaling issues. + Bitcoin would of course grow faster with minimal fees which paves the way for larger transaction/savings in BTC as well. |
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Proportionally they have not lost that much compared to the BTC hacks.
I don't think security is Bitcoin's strong point, in fact it may be the only point where the regular system wins.
Yes you can use BTC safely if you are just a little savvy, but most people are idiots with computers.
We should "sell" BTC on other points and perhaps recommend online wallet services to the noobs.
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I love they call it "frei" = "free", when it's less free than bitcoin.
People are always enslaved using such nice words.
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When a person or a group of person are in control of the value, IT IS CENTRALIZE. And no matter how you will call it, the problem still remain.
And, again, the protocol wasn't design to address that concern. The decentralization of bitcoin doesn't have to do with value. There is no way to address the concern your raising. Want to know why? Because it has to do with the economics of supply and demand and that some people simply have enough wealth to influence the value of any financial instrument. There is no solution to this "problem". I think that his concern was that Satoshi created a trillion BTC for himself before he released the client. BTC would still be cool and all, but with that much wealth in the hands of the creator he might as well have put in a "print BTC"-button. An alt chain with less initial cash would have been the easy solution to that. |
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Well I guest 12.5% of total holding is not enough to control but only influence the value. That is reassuring me. Thanks for sharing. Read the article. There is one address that holds about 5%. The next largest address holds about 1%. Nobody has 12.5%. He was referring to a theoretical maximum number that I calculated. + address balance means nothing. You could have more. |
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OK then but do you have any numbers to share?
BTC is pretty hard to track, however there is a known genesis block that is the first block. That was created about 3-4 years ago and the BTC generation has been steady since by protocol design. This means that even if satoshi was the ONLY miner the first YEAR he still "only" has 2.628.000 BTC or ~17 mil $ or what must be ~12.5% of all bitcoin there will ever be. That is a long long way from 99.9% and likely far from what anyone has, as there have been multiple and different miners for most of bitcoins time and they likely used at least some of their coins before the value went way up. |
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I have little opinion on labels... I forgive Ron Paul whether right or wrong on this.
Funny it's even an issue next to Obama's evil.
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Not bad there could even be treasure myths like a sunken silver 10 BTC coin somewhere or a private key hidden in a text as a riddle.
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I agree that every person who holds coins have not to be equally wealthy but the problem is when the imbalance is way to big, it's give control to the holder on the value of the currency. I told you the rich people are relatively KNOWN and it is KNOWN that they do NOT hold all that much money. There is NO single person out there with 99,9% of all bitcoins who can use it as monopoly money. If that WAS the case I might agree with you, but its not, so admit that fact or make it obvious you are trolling. Also, it is false to say that this person can dump is currency only once. Of course, he will do it in a manner that a huge amount will come back to him again (investment, companies, assets, etc) If he "dumps" for companies or investments then he is just using BTC for normal trade which is a GOOD thing. Manipulation of currency is per definition something unnatural... like printing or confiscating etc. When a person or a group of person are in control of the value, IT IS CENTRALIZE. And no matter how you will call it, the problem still remain. Yes... but no one is with bitcoin. So what do you call it then? That's right de-centralized. |
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