I think a wise guy once said "the love of money is the root of all evil" .... but yes it is a fascinating, yet powerful force (like splitting atoms).
Bitcoin, monetary Anti-matter.
Cautious optimism? Frightful fascination?
|
|
|
sweet graphs ... do you intern at bloomberg or ... ?
|
|
|
lol... This sentence is gold, too: It’s true that the Federal Reserve and other central banks have greatly expanded their balance sheets — but they’ve done that explicitly as a temporary measure in response to economic crisis. Bet they said that in Wiemar Germany, too. Yeah, like 6 years temporary ... no end in sight and no way to cut back on the "balance sheet expansion" ... i.e. massive money printing, without complete market collapse ensuing immediately.
|
|
|
Luv the puppies and kittens listings on the demo store ... nice touch
|
|
|
I've been wondering if you could use pieces of Bitmessage ... it has P2P secured comms and a broadcast functionality. So an offer could be broadcast to everyone who's subscribing to the GBP-BTC channel (there could be multiple broadcasting channels (USD-BTC, EUR-BTC, etc) maybe run by the brokers/market makers?) and then interested parties take up the discussion on P2P messaging from there ... but have no idea how trust ratings, etc, could be policed so just putting this piece of it out there in case it helps someone else's thinking.
|
|
|
He's totally lost ... even spelled Nakamoto wrong (Nakamote) E.g: Electronic money will not replace fiat paper money. If he doesn't know that nearly 90% of existing money supply is already electronic he is not worth reading. Catch up, it already happened, we are on a electonic fiat standard, if we weren't then bernanke and the CB's would not be able to "print" $80 billion per month (does he even know what that looks like in $100 bills I wonder?. They just push a button and it magically appears in some banks special account ... Starting to lose respect for mises.org ... particularly if they keep entertaining dullards like this guy I think bitcoin is becoming a "thing" for certain section of Austrians ... it will never change for them and that school of thought won't die until they die. Like paradigms shifts in Science theories.
|
|
|
Satoshi actually deserves the Nobel Price of Economics since Bitcoin could potentially lead to a more efficient market economy.
Or make us all slaves. We still don't know what is going on with BTC. If you use Central Bank fiat you are already a slave ... worse case scenario bitcoin makes it a question of "who's ya massa?". Best case, it is a grand experiment in possible benefits to humanity from the efficiency of free markets.
|
|
|
what does Argentina export that somebody in the USA wants? With that kind of markup, identify both sides of an export relationship & you can place yourself in between. USD->Argentina->Pesos becomes USD->BTC->Argentina->Pesos+50%. With that kind of markup, everybody involved can be part of the profit...
Beef. Also grains are big export ... but beef is high value, smaller volume. Last time I looked Argies are still big exporter of Ag commodities ... but that is deteriorating as the witch's crazy economic policies devastate their exports and trade in general.
|
|
|
Is it possible Satosi is actually an alter-ego for someone with severe multiple personality disorder? Someone out there, probably a plumber or a farmer, who inexplicably finds himself on the web not knowing what he has been doing for the past 2 days when he snaps back to John Doe mode from cyber-Satoshi uber ninja mode. Just think any one of you, in fact it is more likely if you are given to more paranoiac fantasies like OP, could actually have an unencrypted v0.1bitcoin wallet stashed away in random directory that your other half (satoshi) was using and it is worth $100 million (or more) ... better start trawling your sub-directories now for suspicious looking files from Jan 2009 Of course if the MPD was severe cyber-satoshi would probably have gone the whole hawg and backed it up on USB pen drive and hid it under your house in the crawl space or in the roof space somewhere ... should check there also if you think you might be harbouring a cyber-Satoshi alter ego within ... maybe a session at the hypnotherapist will tease him out?
|
|
|
Would it be possible to have a Bitcoin (or some similar alternative) wallet that automatically issued a token to depositors and was fully auditable by the public?
Yes.
|
|
|
Great catch! Sound, sensible hard nosed financial adviser ... "market cap bigger than $1 bill and people are willing to exchange hard assets for it? ... yep it's a currency" O'Leary funds has how much under management? http://www.olearyfunds.com/So say he has foreign currency fund with NV ~ $1 bill And he's looking at dabbling with 2%-3% of NV into BTC. Sounds like a good plan ... 2%-3%.
|
|
|
In any system where anonymity is achieved along the lines of [classic BTC-style TX -> classic BTC-style TX -> "weird" high-anonTX -> Lips sealed -> Huh -> classic BTC-style TX]
fungibility may start failing same way it could start failing in BTC now.
Merchfolk could begin refusing to accept coins which appear directly related to the "weird high-anonTX" Yep this is correct. It is not an easy problem ... excellent material for JH in other words.
|
|
|
I suggest a sister poll: I can vote because I'm a Foundation member: y/n
The only time it made a decision of importance that I noticed, it was actually a reasonably good decision (on the fork). If they had come to a staggeringly idiotic decision, I think most of the miners would have just ignored it. Actually, you can read the #bitcoin-dev logs and see that the decision/suggestion to have miners go back to the 0.7.XX fork was actually made by luke-jr (and in some part sepa who backed his thinking). Gavin's first (and I think only call) was for "the longest chain wins" ... i.e. at that point that would have meant remaining on 0.8 fork and the chaos that would have ensued. tl;dr : Luke-jr (and some part sepa) made the call for the network to return to 0.7.xx fork, not Gavin or the BF.
|
|
|
The utopia is a 100% p2p-system like Ripple where everybody can act as a micro-bank. But until we reach that level of bitcoin-penetration around the world ....
If bitcoin ever reaches that level of penetration you probably won't be needing many exchanges ... or they will so fringe as to be an insignificant issue.
|
|
|
But for the rest of us "market anarchists dillentantes", we are free to ignore Vesseness's pleas to subjugation.
For the record: A dilettante is a person who enjoys the arts or someone who engages in a field as an amateur out of casual interest rather than as a profession. Like a lawyer or business analyst who dabbles in cryptography .... but probably wants someone else to secure his bitcoins might be a good example I imagine?
|
|
|
What power does the BCF have that prevents everyone from just ignoring it?
They pay the wages of the lead dev. Gavin Andresen, so in that sense they have some "power" I suppose. But for the rest of us "market anarchist dilletantes", we are free to ignore Vesseness's pleas to subjugation. I'm interested to see what Jon Matonis has to say, AFAIK he is still on the board of the BF, and has been stridently anti-regulation and damning of those who invite it in the past. Maybe Vesseness is just running his yap off and speaking out of turn in an attempt to calm the troubled bitcoin waters, like some kind of messiah figure or something?
|
|
|
Buying something online with a credit card in the late 80'ies early 90'ies Neat time travel trick? WWW was invented circa 1993-94 ... credit card purchases came some time after. Re: state versus free enterprise ... monetary freedom means state is doomed, they just don't know it yet.
|
|
|
we don't we regulations, we need exchanges that can actually handle exchange.
there is a huge difference between regulating a market and having actual tools, instead of angelfire hosted "exchanges" that crash when people exchange.
Yes, excellent point. it is like a boat that got overloaded and sunk (mt. Gox) ... engineers say "build a bigger boat", idiots say "we need regulations" ... regulations don't stop boats sinking, physics will.
|
|
|
|