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He should open source it and stick it in their eye.
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Copper resources?
From now on all of my new threads in Politics will be self moderated.
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We will strike the $35 mark by the August (8/1/2013). That is my prediction. I have a $1000 vs 10 BTC bet wagered against someone on it  I reiterate: 300-350 by August, or at least this target ill be reached by then.
Two bold predictions for the wall of shame. |
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They already have technology that can detect if a person has seen a particular object or has knowledge of a certain thing.
They spoke of using it to put pictures of bombs or such in front of something scanning for a reaction to see if they had seen it before.
That is a very broad generalization of something I probably overheard in the background on TV.
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This thread is a good example of why just education cannot overcome the centralization of power. Some people vehemently support such power structures.
Like those who support fiat and Keynsian economics, they will fight Bitcoin. Bitcoin just has to be a better alternative and prove itself as such.
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Why do you think that power gets in the wrong hands, and what would you suggest could defeat it?
I would say that the power gets into the wrong hands with complacency and the fact that for it to get into the right hands in the first place takes a lot of effort. Effort that cannot be continued forever. My suggestion on how to defeat it? I have no idea, I am still mulling things over from an eyes wide open point of view trying to figure it out. But for sure, if the US government fell and it was replaced with some "libertarian Constitution", it would only last for a while as is. The new system needs to be so sound in its structure that it can compete against the current power of our government or a coalition of governments. And with the structure to continue. We need a system that is to democracy what democracy was to kingdoms and dictatorships. Just as Bitcoin is to gold as gold is to fiat. I believe we are at a point in time where we are ready for it. |
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It can't have moved toward a more libertarian society if not even those 10% knew what freedom meant. So clearly even in that situation, education performed a vital role.
It seems like you want to ignore all the causal factors that led up to the concentration of power in the wrong hands and say that the power in those hands is all that really matters. The power and those who wield it are a symptom of educational, cultural, and technological problems.
I agree with everything you said. It did require education for people to understand what liberty meant. There were many popular writings before the revolution, and I would say that Ben Franklin's printing press probably played a huge role in getting such ideas out to the people in as revolutionary a way as the Internet is doing today. Education, culture and technology can tip the scale back in favor of putting the power back into the hands of the people. But they have to organize, and to organize that tends to mean concentrating their power. |
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In all of this, the court is referring to Bitcoins. It does not become generalized and address virtual currencies.
So is LiteCoin not a currency and Bitcoin is?
This must be what early airline pilots ran into when the first airplane laws were created. The very fact that they were defying the laws of gravity probably left so many government officials dumbfounded by how laws should be put in place for airplanes.
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The mistake you're making is that you're saying that the way people interact with one another is deterministic; That the antisocial people will always coalesce in any given homogeneous society to form States.
All you have to do is look around to see that there is nothing deterministic about how humans interact with one another. Sometimes they are largely free, America between 1800 and 1900 (or maybe more pessimistically; 1783-1860), sometimes they're fascist, like Nazi Germany, and sometimes they're totalitarian, like Russia under Stalin.
The key point that anyone should be able to take from the Socialist/Communist experiments of the 1900's is that a village idiot (Karl Marx/Vladimir Lenin) can have a profound effect on the way people treat one another.
If a moron on a typewriter can instigate the deaths of tens of millions of people, it seems obvious that the inverse could also happen; A society could form around the ideas of people that are actually economically literate, like Murray Rothbard, Ludwig Von Mises, Hans Hoppe, etc and have a prosperous society.
Now, it can't be denied that violent societies have inevitably formed over the centuries. There has never been a large anarchistic society that has existed for any decent length of time. Defined perhaps like this;
An anarchist society is one in which there is free entry into the means of production and decision making of any field or geographical location.
("Free" only meaning that there are no predetermined rules; Only the voluntary interaction between participants in the society.)
The reason holding onto an anarchistic society is so difficult, besides the aforementioned ignorance, is simply that coercion is profitable.
Interestingly, with Bitcoin, coercion becomes less profitable. If a society were to adopt Bitcoin as its medium of exchange, it would necessarily mean the reduction of the State.
TLDR;
So in short, I'd say the optimum allocation of resources is seemingly inevitably subverted by the State because of a lack of education of the society on accurate economics, as well as the inherent profitability of coercion.
Saying that we already live in an anarchistic society, and that power is everything is a bit too simplistic and defeatist.
I was not saying that we live in an anarchistic society, but an anarchist, survival of the fittest world. If you plop everyone down onto this world as babies they are not born with "inherent rights" or "natural laws". They have no laws whatsoever. That is anarchy by definition. As the babies grow and begin to form groups, those with the power will be the ones to determine which laws are in place and those without power will be doomed to follow the laws of those in power. Sure, history shows that sometimes we move toward a more free society through some social upheaval such as the Revolutionary War and rebellions. But that is the thing, only 10% of American society actually agreed with those who revolted against the British but those 10% had enough power to put their ideas at the forefront and win the war and thus holding that same power they were able to implement their ideals (because they had the power). Imagine if all of the US military were libertarians and the top libertarian general one day decided that the US should be libertarian. It would not take long for the US to then become libertarian. Because of the power. But just as with the United States, that power was passed on to people who did not share that same revolutionary spirit. Our forefathers retired and the other 90% worked their way into positions of authority, thus bringing us back to the original ideals of Britain that we had fought against. So if there is ever another revolution or push toward freedom. Just keep in mind that it will need to ensure that those who support freedom are kept in charge of the power, for generations. Thomas Jefferson's plan to do this was saying that "the tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.". This did not happen. |
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I wonder if the FBI would even have the infrastructure in place to confiscate all of SR's bitcoins.
One person in the loop knows the private key and they are suddenly rich.
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I believe there were several early highlights of vulnerabilities including some sort of x-ray or such imaging device. At the time it was just a cool thing to have and Bitcoin was worth about $10/BTC so such extreme attempts were dismissed.
I imagine I would likely only buy them for cold storage or as gifts. Not for actual trade.
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And again, a full country could have all of their capital in 1 Bitcoin and still be fine.
As long as it's fine with being *bought* for one bitcoin  Just like how the US is fine with being *bought* for 18 trillion dollars? Where does buying a country come into play? That amount of currency does not exist outside of US. To make things simple, let me point out that when a country's entire currency consists of a single bitcoin, and i have *two* bitcoins, that country shouldn't be traded with Edit: You do understand that i could toss that country's economy into a tailspin by simply showing them my two bitcoins *exist,* right? Perhaps, but that's assuming that you are extremely strange, and don't just spend your 2 BTC when they are worth $1,000,000,000 each, which they would be before that point. Also, while the inflation would be tragic... I don't think the effect would be as bad as you think: the U.S. has quadrupled the money supply since 2,000. You could also use it in a way where there would be at least short term benefits. I should have been clearer: The post i was responding to suggested that a single bitcoin would suffice as the sum total of a country's currency (presumably because one bitcoin is divisible enough for everyone to trade in fractions). I tried to point out that it would be impossible for the simple reason that there's another 10+ million BTC, just like the one used by the unfortunate country, out in the wild. If that country valued that single bitcoin at, let's say, $200 billion (the printed total of fiat the country swapped for the bitcoin), then the other bitcoins would also be valued the same ($200 billion *each*). This, you must agree, is nonsense, unless 1 bitcoin was worth that much to begin with. As things stand right now, with 1BTC = $105 (had to look up at the tab), trying to convert *a single country's* monetary system to use *a single bitcoin* is functionally equivalent to reducing all the fiat within that country to $105, while the rest of the world is still flooded with dollars. Something like that. It is a simple explaination to those who believe that hoarders will cause the end of Bitcoin ("It might die to gambling"). They speak as if there will not be enough bitcoins left over because of all of the hoarders. But one does not need millions in circulation as the 1 BTC for a country's economy highlights. And by saying that one would simply just cash out your hoarded bitcoins if it reaches that high of a price kills the whole hoarding killing Bitcoin argument. |
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It is not very easy here in Afghanistan.
Though I do not know the goat/BTC price at the moment.
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There are only about 20 hoarders with 99% of Bitcoins.
Evil early adopters and gambling sites.
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irony is having 10,000 spoons when all you need is a knife
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And again, a full country could have all of their capital in 1 Bitcoin and still be fine.
As long as it's fine with being *bought* for one bitcoin Just like how the US is fine with being *bought* for 18 trillion dollars? Where does buying a country come into play? |
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And again, a full country could have all of their capital in 1 Bitcoin and still be fine.
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2 - Gambling sites are globally earning more bitcoins than they have to spend to keep their business on
When you earn more money than you spend, that is called profit. Where do company profits usually go? A. Paid to investors B. Invest back in the business C. All of the above |
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they are too capitalist to do this...
I agree. Capitalists hate capital. |
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What a great plan that all of these gambling companies have. 1. Start gambling site. 2. Hoard all of your earnings, pay for everything out of pocket. 3.  4. Profit! |
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