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81  Bitcoin / Mining / Re: I bet there's a guy . . . on: June 14, 2011, 10:35:39 PM
i find it hard to believe that you don't feel bad about losing 300,000$.

Would you feel bad about using toilet paper to wipe your ass if it was deemed a rare commodity 20 years later due to all the forests being cut down?

That's how I feel because there's no way to get it back.
Besides, that long ago people were using thousands of BTC for fun on bitcoin blackjack sites, or even that famous 10k pizza. It was more like a fun game and less of an actual currency.

Data recovery anyone? It's possible you may still be able to get them.

Only if he hasn't really used the hard drive since the reformat. But it could be worth a shot anyway.
82  Bitcoin / Bitcoin Discussion / Re: Bitcoin transactions made retroactively illegal? on: June 13, 2011, 07:02:29 AM
Could someone tell how many clauses of the US Constitution, percent-wise, are being routinely violated in US? 0, 5, 10, 20, 50?


2nd Amendment, 4th Amendment, the 6th & 7th Amendment has been violated where peoples liberty and or property are in jeopardy and there is no jury, so it's state vs citizen with no unbiased third party, and then the 10th Amendment.

Immunity to double jeopardy is has also been violated, as now they simply just use technicalities so that they can try to convict a person again.

17 Amendment has also caused astronomical damage (abolishing the Senate), along with the 16th amendment. The 3 worst amendments are the 16th, 17th, and 18th. They at least had the smarts to repeal the 18th amendment.

Notice how they needed a constitutional amendment in order to ban alcohol, but they didn't go that route to ban drugs. They needed an amendment to ban alcohol because, the federal government doesn't have the power to declare alcohol illegal, nor do they have the power to declare drugs illegal.

But making a new constitutional amendment is hard, reinterpreting the constitution is much easier, look at how 'General Welfare' has been blown far beyond it's original intention.

"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents."
-James Madison

"With respect to the words general welfare, I have always regarded them as qualified by the detail of powers connected with them. To take them in a literal and unlimited sense would be a metamorphosis of the Constitution into a character which there is a host of proofs was not contemplated by its creators."
- James Madison

General Welfare = Taxing everybody exactly the same, and providing them the same exact benefits.
Not General Welfare = Taxing people differently, and only some are able to qualify for benefits. Redistribution of wealth is not general welfare.

Social security and Medicare violate the constitution as well. Doesn't mean we can't have those things, but it's the job of the state to implement those types of systems, the federal government doesn't have that power. Nearly every single law that exists violates the 10th amendment.

If congress obeyed the constitution, they'd really have nothing to do. They'd probably only be in session one month out of a year.
83  Bitcoin / Bitcoin Discussion / Re: Bitcoin transactions made retroactively illegal? on: June 13, 2011, 02:19:12 AM
No, the Constitution works pretty well where applicable (it's not the only law). Last I checked I don't have troops quartered in my house, nor If you don't like the interpretation of it, contact the interpreters :-)

Now who, o who, interprets law? If only there were people who interpreted law...

...And citizens who knew the power they wield, not the powers they yield....

The states (aka the people), ARE the ultimate interpreters of the United States Constitution, not the Federal Supreme Court.

James Madisons words, not mine.

The founders were not stupid, they knew that the FEDERAL Supreme Court could be baised in favor of unconstitutional federal laws.

If you like, go read up on the history of the creation of the Senate and the House, and why the Senate is the entity that confirms supreme court justices.

Then investigate the abolition of the senate in 1913 (it has been converted into a second house of reps that they just call senate)

My my, how far we have fallen from the tree.
84  Bitcoin / Bitcoin Discussion / Re: Bitcoin transactions made retroactively illegal? on: June 12, 2011, 11:48:43 PM
For example the UN should issue a new digital currency similar to Bitcoin that most if not all government would agree on. Similar to Bitcoin but improved and approved.  Cool

Ha ha ha ha ha ha, very funny.
85  Bitcoin / Bitcoin Discussion / Re: Bitcoin transactions made retroactively illegal? on: June 12, 2011, 10:43:12 PM
The Migration or Importation of such Persons as any of the States now existing shall think proper to admit, shall not be prohibited by the Congress prior to the Year one thousand eight hundred and eight, but a Tax or duty may be imposed on such Importation, not exceeding ten dollars for each Person.
The Privilege of the Writ of Habeas Corpus shall not be suspended, unless when in Cases of Rebellion or Invasion the public Safety may require it.
No Bill of Attainder or ex post facto Law shall be passed.
No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or Enumeration herein before directed to be taken.
No Tax or Duty shall be laid on Articles exported from any State.
No Preference shall be given by any Regulation of Commerce or Revenue to the Ports of one State over those of another: nor shall Vessels bound to, or from, one State, be obliged to enter, clear, or pay Duties in another.
No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of Receipts and Expenditures of all public Money shall be published from time to time.
No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.

- Article 1, Section 9 of the US Constitution

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

- Article 1, Section 10 of the US Constitution

Since when does the Constitution mean anything to our politicians anymore?

I don't understand what that text means.

My condolences for being a product of our public school system. Perhaps this might help you get started on what you should have been taught.

http://www.youtube.com/watch?v=0sNWbiAMf80

Have a nice day.
86  Other / Beginners & Help / Re: Newbie restrictions (Please discuss forum policy here.) on: June 12, 2011, 06:33:11 AM
This will just increase the amount of worthless posts into the newbies section, with people just posting enough crap to get past the 50 post barrier.
87  Bitcoin / Bitcoin Discussion / Re: Does lack of coin recovery mean bitcoins fate is sealed? on: June 11, 2011, 10:31:42 PM
What happens if a Spanish galleon full of gold sinks in transit in a storm? Is it the end of gold??

Gold inflates 2-3% a year. The only difference is that it requires lots of work.
88  Bitcoin / Bitcoin Discussion / Re: Threatened Over My Bitcoin Ad on: June 11, 2011, 08:25:35 PM
Look!

It's a STATE WORSHIPPER!
89  Bitcoin / Bitcoin Discussion / Re: The real threat to Bitcoin on: June 10, 2011, 06:15:46 PM
This analysis is flawed.  The key to understanding why is in understanding that banks, when they lease gold or silver, they aren't actually leasing gold and silver.  They are leasing paper contracts for gold and silver.  Physical commodities are inconvenient and costly to deal with and that's precisely what makes them vulnerable to this sort of manipulation.  If banks actually delivered the physical gold and silver, this sort of manipulation would be near impossible to carry out successfully in a time frame of any consequence (indeed, even with paper substitutes, on a long enough time frame, it's impossible because people eventually come to recognize the fraud).  In fact, it's the inconvenience of holding physical commodities that led to fractional reserving banking in the first place.

They still need a cache of physical to deal with any deliveries though. Bitcoin at least solves most of the fractional reserve problems but you can still have manipulation with no fractional reserve banking, you just need to hold a very big chunk of real coins.

And over generations that'll eventually happen.
90  Economy / Economics / Re: crypto-currency for left-libertarians... on: June 10, 2011, 05:59:20 PM
Just because we have built a system that rewards greed and selfishness does not mean a system can't be built that tends to discourage greed and selfishness.

Selfishness is a virtue.

True greed is a good thing in a capitalist system

blah blah blah. yes which is why we are specifically talking about an anti-capitalist or non-capitalist or socialist system in this thread.


Quote
note: If you want to have a discussion about how socialism is fascism, about how left-libertarian or anarcho-socialist is an oxymoron, etc I would first advise you to get familiar with the last 200 years of anarchist theory and secondly, take it to another thread (where maybe I would be happy to discuss it, though I did that enough on all the years I spent in the politics forum at 2+2). If you troll this thread I will totally ignore you.

Except that socialism for the most part abolishes the price system, and whenever that's done, it doesn't seem to work out so great.

I don't see how you can have socialism without central planners, and if you have central planners, then you have government agents telling you what you can and can't do.

Thats not freedom.
91  Economy / Economics / Re: crypto-currency for left-libertarians... on: June 10, 2011, 05:35:41 PM
Just because we have built a system that rewards greed and selfishness does not mean a system can't be built that tends to discourage greed and selfishness.

Selfishness is a virtue.

True greed is a good thing in a capitalist system, remember in a free market there is no exchange unless both sides of the transaction benefit and agree to the transaction. This basically means you can be greedy, but you must get others to engage in trade with you on a voluntary basis.

And in order to do that, you must serve their wants and their desires.

So, by being greedy you are forced to serve others.

This isn't evil.
 
The only exception is engaging in fraud which should be dealt with harshly.
92  Bitcoin / Bitcoin Discussion / Re: Dead wallets on: June 10, 2011, 04:51:24 PM
I just had to use a virtual prepaid credit card to buy something. it now has 23cent left on it and i'm not intending to charge it back to my bank account(payout fee is $1)...not worth it! so i'm going to count these 23cent as lost. that made think....how does bitcoin deal with dead wallets?
If someone for examples creates a bitcoin account, buys some coins for real money and spends these coins...but not all of them. later john doe decides "fuck that 0.01BTC left in the wallet, re-exchange to real money isn't worth it" and doesn't use bitcoin again. these coins will not only be lost for him/her but also they would be lost for the whole network. the more popular bitcoin gets, the more dead wallets there will be. there 1btc, here 0.00023btc, fuck that 0.0000001btc ...each of them lost forever
this situation can't be compared to real money, where you could simply "print" new money, since amount of bitcoins is limited to 21mio. i know that each bitcoin can be splitted by 10^8 but it still is a fixed number.
this sure doesn't matter at all in the near future...but if bitcoins gets a mayor break through and runs for years, this at some point, somewhen, could matter

so is there a way out of this? is there something implemented to raise the total amount of bitcoins or the splitting limit?
if yes.....well that could be just another problem...who would decide to raise the amount/split limit? the programers? too much power in too few hands

Technically that purchasing power is transfered over to the rest of the active bitcoins.
93  Bitcoin / Bitcoin Discussion / Re: Germany - Bitcoin goes Public on: June 10, 2011, 04:31:27 PM
On a political level politicians should have a look at bitcoin as a way to bypass trade restrictions and unfair currency pricing in the case of China and other nations with various "issues".

This is a line of bullshit.

China pegs their dollar to our dollar.

We print more dollars, if China doesn't print more, the market price goes above their peg, so they print more of their dollars to counter-act our printing.
94  Bitcoin / Bitcoin Discussion / Re: The real threat to Bitcoin on: June 10, 2011, 04:22:52 PM
This growth in value has to be represented by an increase of money available otherwise there will be a deflation of the currency used by that economy

False.

Deflation of currency occurs when the money supply shrinks. Economy growing =/= money supply shrinking. In relative terms, there is less money per good, but that just means prices adjust accordingly. It is a vast myth that a growing economy needs a growing money supply. It does not.

The trouble is it's possible for a central entity to gain most of the bitcoins over several generations, with a large chunk of the coins they could manipulate the markets and cause the same kinds of problems we see today with gold and silver price manipulation.

Yes we could use smaller portions of the coins when a large chunk of the money supply is not in play, but those with the most money just then loan out a lot of their money at interest, then eventually recall the loans once they have enough people tangled in debt, and create the boom bust cycle we all know and love.

Bitcoins do solve one of the biggest problems, fractional reserve banking. While banks can rise up and engage in 10:1 fractional reserve banking with bitcoins, they can never hope to be bailed out in the event of a default, because if a bank had 2.1 million bitcoins and engaged in 10:1 reserve banking, the money supply would be 21 million bitcoins.

When they fail, wheres the FDIC or any government agency going to get the coins to bail them out? They aren't, and they sure as hell can't charge enough of a insurance premium to back it up either.

I personally believe that the currency should inflate around 3% a year (Milton Friedman suggested something along these lines), mainly to counter lost coins and to prevent the concentration of coins into the hands of a few over generations.

Since fractional reserve banking would be kept in check, the interest rates on loans would probably far exceed the inflation rate which protects peoples purchasing power. Unless of course you bury your coins under the mattress.

If bitcoins takes off, over generations the banksters will eventually have control over a majority of the money supply. A little inflation will make that harder.
95  Bitcoin / Bitcoin Discussion / Re: Gavin will visit the CIA on: June 10, 2011, 03:37:44 PM
if gavin reminds the cia to tell congress to take back the power to coin currency, i support his trip. fuck the federal reserve being a private company. i want that shit run by congress members.
Yeah. Fuck the FED's moneyprinting out of thin air. If only we could let those trustworthy politicians do it instead.  Roll Eyes

Outside of bitcoin it's the only choice we got.

Un-electable bankers.
Or politicians we can fire.

Pick one.

Both bad choices but one is clearly worse.
96  Bitcoin / Bitcoin Discussion / Re: Video of Schumer looking at Silk Road and calling Bitcoin a surrogate currency on: June 10, 2011, 06:38:46 AM
I just wish that people who don't understand a particular subject were prohibited from making rulings/laws about it.

Then congress wouldn't be able to pass any new laws or rules.

That wouldn't be any fun now would it?
97  Bitcoin / Pools / Re: [Pool] EcoCoin - Offset your carbon footprint! Profits buy trees and rainforest on: June 10, 2011, 06:28:50 AM

It's up to debate whether climate change is natural or man-made and how much people are doing to upset the balance.

But concrete > trees. You can out bid people for land for ecological preservation and use it as such to plant trees. Climate change may or may not be inevitable/disastrous/nothing at all. But trees don't grow out of concrete and there are definitely less trees, and that man-made.

I don't think it's impossible for man to have an impact, but any government 'solution' by force really isn't going to do anything. A free market approach isn't so bad though cause people have choice.

One thing about tress though, trees used in the paper and lumber industry are all farmed. They plant them, wait until they grow to the right size, cut them down, plant new ones.

Don't take it personally I just get antsy whenever I see "save the world  from climate change by doing x!"
98  Bitcoin / Pools / Re: [Pool] EcoCoin - Offset your carbon footprint! Profits buy trees and rainforest on: June 10, 2011, 06:20:33 AM
Quote
One issue we're all aware of is that mining uses a LOT of electricity and therefore our carbon footprint rises, sometimes substantially.  Enter EcoCoin.org, a new mining pool where the profit from our 2% fees go towards purchasing trees and rainforest land to offset your carbon footprint.  If you mine with EcoCoin, you can rest easier knowing you're helping save the earth one mined Bitcoin at a time.

Roll Eyes

No offense, but I don't buy into the propaganda that the world is going to end because we use electricity, and that a throwing a bunch of money at the problem is somehow going to 'fix' it. The entire climate change 'problem' is a scam in order to basically create a new currency called carbon credits, with a new central bank, and the best part? The credits can expire if they're unused!

Newsflash: The climate always changes.

At least you're doing it by choice and not by government force though.
99  Bitcoin / Bitcoin Discussion / Re: Video of Schumer looking at Silk Road and calling Bitcoin a surrogate currency on: June 10, 2011, 06:16:05 AM
Haven't you heard?

Prohibition works!

Just look at how good it was during the 20's.
100  Bitcoin / Bitcoin Discussion / Re: - This system USED to be controlled by the public network. - on: June 10, 2011, 03:45:37 AM
Hopefully people aren't stupid enough not to use a closed source client.
I think you mean "...stupid enough to use...".   And I think the populous is far more concerned with convenience to make correct descisions.  And they trust in that "others are doing it".

Imperi has a great point.  People are being conditioned these days to trust in platforms.  Applications are cheap "try as you like" things with far less significance.  

Heck, most people don't even know what open source is.

Yeah I fixed it before you replied :p
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