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6901  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 17, 2014, 02:15:15 AM
If fractional reserve banking isn't bad they should allow me to do it. Yet they don't. I wonder why.

If capital punishment is not bad they should allow me to do it.  Yet they don't.  I wonder why.

If running red lights like ambulances do is not bad they should allow me to do it.  Yet they don't.  I wonder why.
6902  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 17, 2014, 02:06:07 AM
Could you allow, as a hypothetical, that the regulations were not put in place by people intent on causing harm?  That the regulations were arrived at after an entire human history of trial and error, by people who are no less intelligent or aware than us?  Is this at least theoretically possible?

Re. 2nd edit:  A good baker is not necessarily a good bakery owner, a good bakery owner is not always capable of running a chain, the guy who knows how to run a chain of bakeries doesn't always know how to bake.  See?
6903  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 17, 2014, 01:53:00 AM
@Razick:  It's hard to figure out what's "too much" and what's "not enough" without some context.  Having never run an economy the size of US, I can't really say anything intelligent about the numbers (I'm guessing you're talking about this:  "Impact of Regulatory Costs on Small Firms," http://static.mgnetwork.com/rtd/pdfs/20110325_SBAregulation.pdf )

Re. "quality of life":  If you were born in the late '60s, there are twice as many people on this planet as when you were born.  Twice.  Getting a bit tight. Also, when you complain about declining standard of living in US, I'm assuming you're a US native.  I'm not.  Trust me, US has a ways to go Smiley 
6904  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: May 16, 2014, 09:45:35 PM
Ok, here's an idea:  Stop waiting for handouts on IRC, stop thinking about salvaging a few Satoshi, and nail the fucker to the wall.  Grow some balls, get some self-respect, and act for the greater good.  Bitcoin is full of scammers because it's like scamming on training wheels -- you fuck up, no biggie, just try again.  If you want to scam with no consequences, come to Bitcoin.  No one will ever fuck you back.  Ever.

TL;DR:  Thank you for bringing this shit to Bitcoin.  Without marks like you, we'd have no scammers.  
6905  Economy / Securities / Re: Porn Studio Investmets on: May 16, 2014, 09:26:51 PM
^because Kyle's 100% legit and srs bzniz!!1!
No one ever thought of running a camwhore site b4 evah Roll Eyes
6906  Economy / Securities / Re: [Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated] on: May 16, 2014, 09:24:23 PM
Re. People's ASIC:  Possible, but assumes:
1.  There was a People's ASIC deal.
2.  They aren't drawing pay (sure, ken said they are not, but he has ...a way with words).
3.  They're mindnumbingly stupid -- They would have to be disconnected from the web not to know about the investigation/untradable shares/the train wreck they have bought into.  These are presumably educated men, engineers.  Not amateur finance enthusiast of this forum.
6907  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 08:25:15 PM
Quite the contrary.  I can not convince you of your errors, for above-mentioned reasons.  But your ignorance, combined with your humorless faith in the absurdities you believe, are excellent fodder for this edifying thread.  I can open this page in a browser and instruct the precious tot under my tutelage:  "Study your civics, pumpkin, or you'll grow up to be just as silly as solarion."  There may be tears, but the initial shock and dismay will guide my charge to a full, productive life.

And yes, solarion, complicated things are complicated, and so is our monetary system.  Though the egalitarian in me wishes that everything was accessible to everyone, the cruel reality does not agree.  There are things that the likes of you will not understand, such is this brutish life.
But don't let this get you down -- God don't make no junk!  If it wasn't for your ilk, who would dig our ditches and wash our dishes?  

6908  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 07:57:18 PM
...
Re. Goldman Sachs:  Money is already paid back.  Relax Smiley

LOL I'm relaxed ty.

Shame bear sterns didn't pay their "dues" or they'd still be around today too eh? It's clearly not capitalism...so it must be something else right?

I assume what you were trying to say is "I was pwnt.  Now ahmagonna bring up moar random shit and hope you take the bait."
Sorry, fail.

Quote
Congress is charged with creating the nation's currency...yes? Who has the authority to charge them with that incredible power? Is it...We the People perhaps? If so, how can *I* grant Congress the power to divest the authority to coin the nation's currency into the hands of unknown opaque private banking institutions? Further, how can *I* grant Congress the power to grant bankers the power to whip up currency from thin air, if *I* don't have that power to grant?

Waaaa?

Quote
Have you EVER seen a definition of the word "dollar"? Can you define the word?

http://en.wikipedia.org/wiki/Dollar

Quote
Can you tell me why it keeps changing over time?

It's a temporal reality.  Time implies flux.  TL;DR:  Shit changes.

Quote
Quote
<another rant about Federal Reserve not being a branch of the government>
Yeah, we get it.

Does that mean that you concur? ...or you simply don't care? It's rather significant, so if you'd like to be taken seriously then don't just ignore important topics, like this one and my comments about Bretton Woods.

I can try to explain to you that the world isn't binary, that Federal Reserve is a complex entity
"... composed of the presidentially appointed Board of Governors (or Federal Reserve Board), the Federal Open Market Committee (FOMC), twelve regional Federal Reserve Banks located in major cities throughout the nation, numerous privately owned U.S. member banks and various advisory councils..." ~wikip
...but i understand your craving for simple answers to complex questions.  Unfortunately, reality doesn't work that way.
Complicated things are complicated Undecided

Quote
I can appreciate that you're a thoroughly indoctrinated true believer...willing to fight for the dysfunctional status quo, but that doesn't make these salient points just disappear.

Your points aren't salient, they're the same tired idiocy I have replied to time and time again.  I'm not trying to convince you of this for the same reason I don't try to convince a rock that it is a rock, for the same reason I don't try to persuade a mad man that he's not "a little tea pot, short and stout" -- it's a fool's errand.  But you are fun Smiley

6909  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 06:53:40 PM
Yeah, making a loan is now counterfeiting  Roll Eyes

Loaning "money" you do not have is counterfeiting.

Where are you from, solarion?  If this is a language difficulty, here is the definition of the word:
:  made in imitation of something else with intent to deceive
:  forged <counterfeit money>

Quote
If I do the same it is not called "loaning" it's called "fraud".

Because when you do it it *is* fraud (though not counterfeiting).  When I get such a loan from you, I get nothing.  When I get it through a bank, I can ...you know, spend it.

Quote
<another rant about Federal Reserve not being a branch of the government>
Yeah, we get it.



Re. Goldman Sachs:  Money is already paid back.  Relax Smiley

6910  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 06:25:13 PM
Dear solarion,
I have taken the time too eek out the meaning from your incoherent (and frankly insulting) post, and addressed every point you have raised.
In return, you failed to coherently answer any of the concerns I have raised, choosing to lob at me a new salvo of asinine idiocy questions.
Way to manners Angry
Re. your abortive attempt to define "fascist bailout":  I ask you again, what did you mean, and how does the word "fascism" (national socialism) modify "bailout"?  

How specific would you like me to get?

Well, you could start by addressing the portion of that post that you keep *NOT* quoting.

Since your posts are random assemblages of unsubstantiated generalities, slurs, and invective, I try to force you into some semblance of coherence by narrowing the topic down.  If there is a specific slur or invective you'd like me to address, I'd be happy to do so.

Quote
Also, by all means drop the silly comparisons to a few frauds committed by scammers in bitcoin securities.

No.  Not "a few frauds."  I'm referring to the sum total of Bitcoin money services.  Each one ended in lolz, tears, and fail.  If that's what you are offering to replace the current financial institutions, no thanks.

Quote
There's no force of government behind those fraudulent enterprises. People voluntarily and unwisely trusted someone not trustworthy with their coins...end of story. It sucks, but it doesn't come close to comparing to the frauds committed by banksters and their government stooges.

Well yeah -- they trusted, they got pawnt, they cried, end of story.  All the money trusted vanished is somewhere on the blockchain (ther'ya go, Ozziecoin).  Not sure how to respond with specifics to "frauds committed by banksters and their government stooges."  My bankster never ran away with all of my monyz, my broker never texted me with "sry got hax0rd bro ur monyz gone."

Quote
If you seriously don't know what the word "Fascist" means then brush up on it and come back so we can discuss it intelligently.

I would seriously like you to explain WTF what specifically you meant by "fascist bailout."  Sounds interesting, but doesn't quite parse.

^
Is this specific and detailed enough for you?
6911  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 05:18:41 PM
How specific would you like me to get?

Well, you could start by addressing the portion of that post that you keep *NOT* quoting.

Since your posts are random assemblages of unsubstantiated generalities, slurs, and invective, I try to force you into some semblance of coherence by narrowing the topic down.  If there is a specific slur or invective you'd like me to address, I'd be happy to do so.

Quote
Also, by all means drop the silly comparisons to a few frauds committed by scammers in bitcoin securities.

No.  Not "a few frauds."  I'm referring to the sum total of Bitcoin money services.  Each one ended in lolz, tears, and fail.  If that's what you are offering to replace the current financial institutions, no thanks.

Quote
There's no force of government behind those fraudulent enterprises. People voluntarily and unwisely trusted someone not trustworthy with their coins...end of story. It sucks, but it doesn't come close to comparing to the frauds committed by banksters and their government stooges.

Well yeah -- they trusted, they got pawnt, they cried, end of story.  All the money trusted vanished is somewhere on the blockchain (ther'ya go, Ozziecoin).  Not sure how to respond with specifics to "frauds committed by banksters and their government stooges."  My bankster never ran away with all of my monyz, my broker never texted me with "sry got hax0rd bro ur monyz gone."

Quote
If you seriously don't know what the word "Fascist" means then brush up on it and come back so we can discuss it intelligently.

I would seriously like you to explain WTF what specifically you meant by "fascist bailout."  Sounds interesting, but doesn't quite parse.

^
Is this specific and detailed enough for you?
6912  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 04:47:00 PM
How specific would you like me to get?

...US economic history is one of bankruptcies, defaults, fascist bailouts, and outright theft. If the banking system works then what happened in 2008?

Ridiculous.  *World* history is one of bankruptcies, defaults etc., etc.  US banking system sux?  Compared to what?  This Libber paradise?  Where *every bank to date,* from Pirateat40 to TradeFortress to Ukyo to NeoBee Danny -- turns out to be a straight-up scam?

"Fascist bailouts"?  WTF does that even mean?  But hey, as bailouts go, this forum was all over Danny Brewster's D when he claimed to be bailing out Jon.  Now that he ran away, the sentiment has somewhat soured.

Quote

...Just because the vast majority of the peasants in the world don't understand the complex method ...

The vast majority could be wrong and you right, but more likely it's the other way around.  Climb off that soap box, bro, your particular brand of crazy stopped being amusing in the early naughts, don't milk it.
6913  Bitcoin / Hardware / Re: [VMC] Unofficial Virtual Mining Corporation Discussion on: May 16, 2014, 03:49:59 PM
@finlof:  Did you ever get that board hashing?
6914  Economy / Securities / Re: Tistoni's BTC fund with 10% returns on: May 16, 2014, 01:56:29 PM
I'll take two!
6915  Economy / Securities / Re: Porn Studio Investmets on: May 16, 2014, 12:19:54 PM
Sorry bro, this d00d beat you to it:  https://bitcointalk.org/index.php?topic=596471.0
And he's a real camwhore, so he got experience Roll Eyes
6916  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 12:11:59 PM
...
1. Money creation is not rocket science.  Create it, people use it.

Rocket science is not rocket science.  Light fuse, climb in, go to da moon.

Give it a shot.



*On second thought, don't.  You'll hurt yourself and I'll have to start paying for entertainment. 
6917  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 06:24:49 AM
...US economic history is one of bankruptcies, defaults, fascist bailouts, and outright theft. If the banking system works then what happened in 2008?

Ridiculous.  *World* history is one of bankruptcies, defaults etc., etc.  US banking system sux?  Compared to what?  This Libber paradise?  Where *every bank to date,* from Pirateat40 to TradeFortress to Ukyo to NeoBee Danny -- turns out to be a straight-up scam?

"Fascist bailouts"?  WTF does that even mean?  But hey, as bailouts go, this forum was all over Danny Brewster's D when he claimed to be bailing out Jon.  Now that he ran away, the sentiment has somewhat soured.

Quote

...Just because the vast majority of the peasants in the world don't understand the complex method ...

The vast majority could be wrong and you right, but more likely it's the other way around.  Climb off that soap box, bro, your particular brand of crazy stopped being amusing in the early naughts, don't milk it.
6918  Bitcoin / Hardware / Re: [VMC] Unofficial Virtual Mining Corporation Discussion on: May 15, 2014, 03:03:27 PM
...
Point of information - it took Ken 5 days to ship after I paid, and I think 2.5 weeks in total to arrive. Because it's shipping to the UK and UK customs are slow as shit.
...

Vinny, the one that took 5 days to arrive?  That one's not working Undecided  Try telling the whole truth -- you'll be surprised how good it feels!

...  calling it a night.  this is much more of a pain than I was expecting.  I have 1.5TH sitting around that I cant use.  i'll try again tomorrow.

Chops, maybe something is going over my head, but you are quoting finlof there (not Vince)

Quoting them both, Vincent's the first quote, finlof the second.  The 5-day delivery mentioned by Vince went to finlof, who hasn't been able to get the board to work yet.  Vincent's delivery took ~ a month.
6919  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast) on: May 15, 2014, 02:00:31 PM
Reply of the Zaporozhian Cossacks Bitcointalk Investors to Sultan Mehmed IV of the Ottoman Empire IceDrill Will
6920  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 15, 2014, 12:18:10 PM
^Was your pop a banker, Ozziecoin?
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