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821  Economy / Speculation / Re: The death of Mt Gox will End Bitcoin on: May 17, 2013, 01:52:36 AM
No, they don't send the money to MtGox, because Mutum Sigillum IS MtGox.
Technically, no.
MtGox is Tibanne Ltd.
Mutum Sigillum is a US-based subsidiary.
822  Other / Politics & Society / Re: Let the Machines do the Work (The end of Slavery) on: May 17, 2013, 01:30:19 AM
What is that YouTube video of?
You.
I didn't need a reminder, lol.
Apparently you do... Feel free to explain at any time here.

I already did explain. And as I asked like 10-20 posts ago... Would you like a quote and explanation for my explanation?
And as I responded to that post, YES!

God damn, it's like pulling chicken teeth.
823  Economy / Speculation / Re: The death of Mt Gox will End Bitcoin on: May 17, 2013, 01:27:59 AM
No, you see, here's how it works:
I send dollars to Dwolla, via my bank account.
They send dollars to Mutum Sigillum.
Mutum Sigillum sends those dollars to MtGox.
MtGox deposits those dollars in my account.

I've bolded where Mark fucked up. Mutum Sigillum sends dollars overseas per the request of it's customers (MtGox, and myself). Hey, guess what? That makes them a money transmitter.
824  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 17, 2013, 01:21:47 AM
I'm basing my assumptions on worst-case degenerative scenario, 'coz if history has taught us anything, it's to expect exactly that.
You mean this history?
http://en.wikipedia.org/wiki/Gilded_Age
825  Other / Politics & Society / Re: Let the Machines do the Work (The end of Slavery) on: May 17, 2013, 01:20:08 AM
What is that YouTube video of?
You.
I didn't need a reminder, lol.
Apparently you do... Feel free to explain at any time here.
826  Other / Meta / Re: Annoying "reputation" threads in off topic.... on: May 17, 2013, 01:17:35 AM
Maybe if we have enough threads in here about them, they'll do something about them.

There's too much on-topic clutter in the off-topic board!
827  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 17, 2013, 01:11:35 AM
So your labor is not in demand.
Then why does the person in this post want me to work for him?

"Work for me, or your children starve."

Chin up!  You're not totally worthless!  You're no worse than the shmuck next to you, the one *competing for the job i'll offer one of you*.  See, there's still work to be done, but i'm going to let free enterprise decide which one of you does it, and which one starves. You workin' or walkin?
Walking, because you're not the only person hiring. Bye!

Pleasant dreams, ease of on that pipe. Cheesy
I think I know what the problem is. You're basing your assumptions on our current, shitty economy, aren't ya?
828  Other / Politics & Society / Re: IRS APOLOGIZES FOR TARGETING CONSERVATIVE GROUPS on: May 17, 2013, 01:06:10 AM
SPEAK ENGLISH DAMMIT! Angry

 Wink
829  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 17, 2013, 01:05:15 AM
So your labor is not in demand.
Then why does the person in this post want me to work for him?

"Work for me, or your children starve."

Chin up!  You're not totally worthless!  You're no worse than the shmuck next to you, the one *competing for the job i'll offer one of you*.  See, there's still work to be done, but i'm going to let free enterprise decide which one of you does it, and which one starves. You workin' or walkin?
Walking, because you're not the only person hiring. Bye!
830  Other / Politics & Society / Re: Let the Machines do the Work (The end of Slavery) on: May 17, 2013, 12:59:23 AM
Oh, that's right....

http://www.youtube.com/watch?v=Ox6jSkk0W1A

Let me remind you:


That explanation did not tie in, in the least, to "Let the Machines do the Work." Come on, man, stay on topic.

Yes it did. Try paying better attention when you read it this time, ass-hat. Or do you need me to get a quote and explain it for you?
831  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 17, 2013, 12:51:55 AM
So your labor is not in demand.
Then why does the person in this post want me to work for him?

"Work for me, or your children starve."
832  Other / Politics & Society / Re: Let the Machines do the Work (The end of Slavery) on: May 17, 2013, 12:49:06 AM
In other words, you are making an argument.

Quote
ar·gu·ment
[ahr-gyuh-muhnt]
noun
3. a process of reasoning; series of reasons: I couldn't follow his argument.
4. a statement, reason, or fact for or against a point: This is a strong argument in favor of her theory.

Try to keep up.
Nope. I am stating a plan and a set philosophy.

Quote
5. an address or composition intended to convince or persuade; persuasive discourse.
Let me know when you're actually going to explain anything.
833  Economy / Speculation / Re: The death of Mt Gox will End Bitcoin on: May 17, 2013, 12:44:29 AM
... gox isn't located in America. Why would they care?
They do business with Americans. Plus, World police.
834  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 17, 2013, 12:42:57 AM
Are BTC and FRB incompatible?
Well, It would be very difficult to do fractional reserve banking without some intermediary device, like a deposit slip, or a "debtcoin". Let's say, instead of incompatible, that fractional reserve banking is always visible in a bitcoin economy.
Not only the banking, but also the results of that banking, the Debtcoins themselves. They would need to be clearly visible as a different thing, and I have to think they would be perceived as somewhat less valuable than the BTCs.  That's an assumption though, our derivative dollars are all mixed in with the "real" ones (using the term loosely) and they all seem to be worth the same because we can't tell the difference.
Well, the individual value of a "debtcoin" would vary depending on who issued it, and the trust that recipients had in that issuing body to honor that debt. If it's widely felt that likely only half of the debtcoins would be honored, then that debtcoin would probably be valued at half a bitcoin. (prices expressed in debtcoin would be roughly twice that of those in bitcoin)
835  Other / Politics & Society / Re: Let the Machines do the Work (The end of Slavery) on: May 17, 2013, 12:37:51 AM

Oh, please do. And insult me more. That makes your argument sound much more convincing.

Insults and arguments?

First off it wasn't an insult it was a suggestion (pay more attention and read before replying, seriously).
"Ass-hat" isn't an insult? My, but your thanksgiving dinners must be colorful.

And this isn't an argument. I'm simply displaying my stance, and explaining it in detail when asked. If there is an argument here, it's all on the other end.
In other words, you are making an argument.

Quote
ar·gu·ment
[ahr-gyuh-muhnt]
noun
3. a process of reasoning; series of reasons: I couldn't follow his argument.
4. a statement, reason, or fact for or against a point: This is a strong argument in favor of her theory.

Try to keep up.
836  Other / Politics & Society / Re: Let the Machines do the Work (The end of Slavery) on: May 17, 2013, 12:24:21 AM
That explanation did not tie in, in the least, to "Let the Machines do the Work." Come on, man, stay on topic.
Yes it did. Try paying better attention when you read it this time, ass-hat. Or do you need me to get a quote and explain it for you?
Oh, please do. And insult me more. That makes your argument sound much more convincing.
837  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 17, 2013, 12:23:21 AM
Are BTC and FRB incompatible?
Well, It would be very difficult to do fractional reserve banking without some intermediary device, like a deposit slip, or a "debtcoin". Let's say, instead of incompatible, that fractional reserve banking is always visible in a bitcoin economy.
838  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 17, 2013, 12:15:50 AM
You did say capitalism, yes? Specifically, laissez-faire capitalism. In such a system, there is always demand for labor, both skilled and unskilled.
I'm sorry, the only reply which comes to mind is "WUT?" Point me to a commonly accepted definition of laissez-faire capitalism including the condition of [constant] demand for [all forms of] labor, 'till then -- you're ... fabricating as you go along??  Can't we get above that?
http://en.wikipedia.org/wiki/Gilded_Age
The term laissez-faire is used a total of three times in the "gilded Age" wiki article.  Nowhere in the article is [constant] demand for [all forms of] labor stated or implied.  
Here's a slightly more fitting wiki page, curiously titled Laissez-faire: http://en.wikipedia.org/wiki/Laissez-faire
Learn to wiki.
Tsk... I thought we were being civil? And wouldn't you say a real, historical example would make a more compelling case than a dry definition?

Quote
This emerging industrial economy quickly expanded to meet the new market demands. From 1869 to 1879, the US economy grew at a rate of 6.8% for NNP (GDP minus capital depreciation) and 4.5% for NNP per capita. The economy repeated this period of growth in the 1880s, in which the wealth of the nation grew at an annual rate of 3.8%, while the GDP was also doubled. Real wages also increased greatly during the 1880s.
Growing economy means demand for labor. Wink

You feel you can start your own business from nothing, from dirt?
Lots of people have. Especially in the US, where laissez-faire was the rule.
Lots of people worshipped God while amassing millions in Soviet Union, would you say that the Soviet brand of Communism is the ideal system for nurturing religious freedom & individual prosperity?
I'm sorry, but what the hell does that have to do with anything?
 
About as much as your absurd anecdotes about self-made men in laissez-faire US, that of the golden age.  
Again with the incivility... You asked if I thought I could start from scratch, and people have. Past examples indicate future potential.

You'll grow a garden on whose land, exactly?
My own, of course. You did say this was laissez-faire capitalism, did you not? That means I can own land.
Of course you *can*, but it just so happens that you *don't*.  My scenario, I said so.  Now what?
I live somewhere don't I? If nothing else, there's always the window garden. And the roof of my apartment building.
Yes you do live somewhere.  You're a gutter bum.  No window garden for you.  My scenario.  I said so.  Now what, gutter garden?  Maybe start a joy-through-work commune behind the dumpster?
I begin to sense some hostility. Well, I can play this game, too. If I live in the gutter, then my wife clearly has left me, taking our children with her, to live with her mother. So, no children to worry about.
839  Other / Politics & Society / Re: Pope Bitcoin? Pope Francis urges global leaders to end 'tyranny' of money... on: May 17, 2013, 12:05:10 AM
I'm not sure I understand; first, he says people should not be ruled by money, but then he asks for more regulation and less free-market, and even recommends socialism, which is like saying, "People shouldn't be ruled by X, they should be ruled by Y."

Is he sure he thought this through?  Or is this deliberate?  Sounds like all he wants is a shift in power, which won't make us any better off.

The former.  He's a religious leader who's spent his life in the cocoon of the church.  I'm sure he believes what he sees on TV.   Is he capable of critical thinking?  Doubtful.
LOL... they choose religious leaders based on faith... which is the opposite of critical thinking.
840  Other / Politics & Society / Re: Let the Machines do the Work (The end of Slavery) on: May 17, 2013, 12:04:20 AM
And the difference about MY plan, is the government becomes a profitable entity that provides REAL service to its community, while working towards a fully paid-employed society.
Then maybe that should have been the focus of your post?

Just a thought.

That WAS the focus of my post, lol.
Pity it was buried in all the bullshit about murals and festivals and myrtle trees.

Which is all completely relevant.
Cheesy
No.

Yes. I already explained how to the guy with the anime avatar. I know reading makes you cry, but if you did a little more of it you would see that everything is explained.
Yes, I read your explanation. (His name is Mike, btw, you can find that right above the picture. I know paying attention makes your brain hurt, but if you do it, you don't look like an idiot)
That explanation did not tie in, in the least, to "Let the Machines do the Work." Come on, man, stay on topic.
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