Publicly != coercively. Nice try.
I assumed by "publicly funded" you meant "tax funded". If you don't think taxes are coercive, what happens when an individual doesn't pay it? Taxation without representation is immoral. So is representation without taxation, if you think about it. Whuuuhhhh!?!?
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The chances of Satoshi being a single person are slim. I am skeptical of Gavin's explanation for the name Clearcoin.
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Publicly != coercively. Nice try.
I assumed by "publicly funded" you meant "tax funded". If you don't think taxes are coercive, what happens when an individual doesn't pay it? Taxation without representation is immoral. In a Representative Republic, we make laws that require taxes for funding in order to keep society progressive. If you don't pay taxes, then you are expecting to live in a society that provides for your safety and health and offer nothing in return. My momma didn't raise me that way. Did yours? My mom raised me to not use force except in self defense. Not even to raise tax money. Did yours? What "force" are you talking about? Fines? Bankruptcy? If someone makes an honest mistake and fails to pay taxes, they are rarely jailed. Fraud on the other hand hurts people and should be punished severely.
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Publicly != coercively. Nice try.
I assumed by "publicly funded" you meant "tax funded". If you don't think taxes are coercive, what happens when an individual doesn't pay it? Taxation without representation is immoral. In a Representative Republic, we make laws that require taxes for funding in order to keep society progressive. If you don't pay taxes, then you are expecting to live in a society that provides for your safety and health and offer nothing in return. My momma didn't raise me that way. Did yours?
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Atlas' threads
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Great, so everyone but Red is all for publicly funded education and healthcare. Those two things go a long way to creating a powerhouse economy and a prospering middle class.
Another beautiful fallacy. Being against coercively funded education or healthcare != conservative. Keep them coming. I'm also against coercively funded food and shelter, but I bet you are too. Publicly != coercively. Nice try.
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There have been dozens of studies like this. http://psychcentral.com/news/2007/09/10/brains-of-liberals-conservatives-may-work-differently/1691.htmlThe work, to be reported today in the journal Nature Neuroscience, grew out of decades of previous research suggesting that political orientation is linked to certain personality traits or styles of thinking. A review of that research published in 2003 found that conservatives tend to be more rigid and closed-minded, less tolerant of ambiguity and less open to new experiences. Some of the traits associated with conservatives in that review were decidedly unflattering, including fear, aggression and tolerance of inequality. That evoked outrage from conservative pundits. http://www.rawstory.com/rs/2010/12/28/conservatives-fear-center-brain/A study at University College London in the UK has found that conservatives’ brains have larger amygdalas than the brains of liberals. Amygdalas are responsible for fear and other “primitive” emotions. At the same time, conservatives’ brains were also found to have a smaller anterior cingulate — the part of the brain responsible for courage and optimism. I don't recall there being a single conservative here. Maybe Red but that's about it. Great, so everyone but Red is all for publicly funded education and healthcare. Those two things go a long way to creating a powerhouse economy and a prospering middle class.
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There have been dozens of studies like this. http://psychcentral.com/news/2007/09/10/brains-of-liberals-conservatives-may-work-differently/1691.htmlThe work, to be reported today in the journal Nature Neuroscience, grew out of decades of previous research suggesting that political orientation is linked to certain personality traits or styles of thinking. A review of that research published in 2003 found that conservatives tend to be more rigid and closed-minded, less tolerant of ambiguity and less open to new experiences. Some of the traits associated with conservatives in that review were decidedly unflattering, including fear, aggression and tolerance of inequality. That evoked outrage from conservative pundits. http://www.rawstory.com/rs/2010/12/28/conservatives-fear-center-brain/A study at University College London in the UK has found that conservatives’ brains have larger amygdalas than the brains of liberals. Amygdalas are responsible for fear and other “primitive” emotions. At the same time, conservatives’ brains were also found to have a smaller anterior cingulate — the part of the brain responsible for courage and optimism.
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Reifications, all. Unless you can quantify and make predictions either discretely or statistically, it is religious hokum.
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It's funny, but I was going to write about this Carlin bit right when I ran into this post earlier. Atlas and I seem to be on the same wavelength, but with inverse phasing and opposing direction.
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Carlin was wrong. They do not own us any more than King George did. We fight with whatever we have to be free. Crypto-currency is a bloodless revolution. We're not fighting the government, for we are the government. We fight the corporate criminals that are beyond the reach of the law makers we entrusted. The criminals are too smart, but we are smarter and will defeat them. They try to buy our politicians, but they do not buy the will of the people. It's karma.
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Hoarders spending money into the economy doesn't grow it. That's just consumption: taking real wealth out and putting currency in, bidding up prices.
To grow the economy, hoarders would need to invest their coins. investment creates or grows new businesses, which is precisely economic growth. The thing is, you can't really loan out bitcoins at the moment, but this is a problem of a lack of infrastructure, which will come with time.
Just holding coins forever doesn't impact the economy, except by lowering prices due to reduced supply of coins in the active economy.
You contradict yourself. Why would hoarders invest their coins and create businesses? It is far more profitable to just sit on their coins and let the economy suffer deflation while sitting pretty on that pile of money. If the price of goods is reduced, I can buy more stuff with my hoard. You are right though, hoarding is bad for society in general. Tax the rich.
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usdCoin miners? A different chain? Why? Just "taint" satoshis, no need to create another chain, that's much more complicated.
EDIT: For those who don't know, one satoshi = 0,01µBTC, the minimal bitcoin unit. And "tainting" a coin is just marking it and following where it goes. The issuer could credit a bunch of addresses with 0,01µBTC each, and publicly state that each of those satoshis could be redeemable by, say, $1. They could be transferred and all just like any other bitcoin, the issuer himself cannot control where they go once they transfer it to someone else.
As long as they offer me a good fair price for my satoshis, I would turn them in for "tainting." Otherwise I'll stop mining and so will most others.
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a convoluted encrypted monetary unit whose complexity is beyond baffling to the layman. But he's probably right about this I'm afraid... Old guy on Jekyll Island: This might not work, you know most people aren't going to understand. Another old guy: I don't think that's going to be a problem. Karma is a bitch.
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To decentralize dollars, you could make a coin backed by USDs:
What an interesting idea! It's true that you would still have some almost-central "point of failures", which are the issuers, that could be shut down. But, if at least a few countries in the world have governments which are not that authoritarian, these issuers could establish in those places. Sort of what Pecunix tries to do in order to avoid the same fate of e-gold. Absolute genius! It's so simple why didn't anyone think of it. It would be as simple as writing a bill and have Congress vote on pinning a crypto-currency to USD. If you consider the rate of 21 Mil BTC created and if the US Treasury allowed the equivalent of $1 trillion to be created per year, then each bitcoin today would be worth over $400 each. It would be like a $2000 lottery every 10 minutes.
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Refreshing to see a post like this (and lack of trolls).
The trick is to feed the trolls in the "off-topic" section by posting troll like stuff. But now that I posted you the secret to keep'em away the trolls will be all over this thread(its what they do) but wait a minute what if because they know I'm trying to do reverse psychology that they will just not post to make me look like I don't know what I'm talking about because if they came in an trolled then I'd be right, but if they now don't come in a troll I will be wrong and thus its more humorously-profitable to not troll and watch everyone troll me(whom are not usualy trolls). After reading this post I lost consciousness. I woke up face down on the beach with an empty bottle of rhy, one missing shoe, and a swollen big toe.
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umm, why are you using bitcoind.exe to generate namecoin address? or am i missing something here? I corrected the post. Thanks for pointing that out.
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There's nothing in the principles of libertarianism that makes it incompatible with charity. What it is incompatible with is forcing others to empty their pockets to the needy at gunpoint. If you can acknowledge that distinction then we will be getting somewhere.
If ONLY it went to the needy i wouldn't feel so bad about the system. But it gets gobbled up mostly by underworked bureaucrats with lavish pay and pension, and overpriced or unnecessary crony contractors. +1 In France there has been a study recently, about the amount of tax money used to pay people in charge of organizing distribution of public help to homeless people. Once we divided the total amount by the number of those homeless people, it was almost enough to pay them an hotel room. Every night. Most people aren't homeless simply for a lack of quarters, there are a lot of other things wrong with them. I doubt that study. Can you cite it?
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Healthcare should be not for profit. Health insurance should also be not for profit. Do you really need your kidney removed or does the doctor need to make a boat payment? That doesn't mean that you can't have hospitals and doctors that demand millions in compensation if there is a market for their talent. They can even have cash only hospitals with gold faucets and 7 star chefs preparing their soups and jello.
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Trying to define bitcoin in fiat economic terms is like trying to fit a tesseract in round hole.
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