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861  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 16, 2013, 08:13:39 PM
And just in case you won't believe Hoppe, here's a mainstream historian:

Quote from: Christopher Pierson
The State is not an eternal and unchanging element in human affairs. For most of its history, humanity got by (whether more happily or not) without a State. For all its universality in our times, the State is a contingent (and comparatively recent) historical development. Its predominance may also prove to be quite transitory. Once we have recognized that there were societies before the State, we may also want to consider the possibility that there could be societies after the State.
The Modern State, Routledge, second edition 2004, page 27

Man, I want to believe him, hopefully he is correct.

However, if state is defined as simply the people who can successfully keep internal fighting and feuding down at an acceptable level, i could go for that. "State" concurrently being a synonym for "equilibrium" isn't a coincidence.
Now, can you imagine a "Market State?" One where the service of keeping internal fighting to a minimum is provided by competing businesses, instead of a violent monopoly?
862  Other / Politics & Society / Re: Schumer: It’s time to go after the 3-D printable guns on: May 16, 2013, 07:54:26 PM

In the words of The Pirate Bay, "Bring it."

Laws are just words on paper. Enforcement is a lot harder, and these things can build themselves.
863  Other / Politics & Society / Re: Schumer: It’s time to go after the 3-D printable guns on: May 16, 2013, 07:40:45 PM
Anyways, even if detection is more difficult (yes you have a point), the possession can still be made illegal.

Useless move of course, but then again most things they try to regulate are stupid laws difficult to implement
Yes, but... http://qkme.me/3ufhti Wink
864  Other / Politics & Society / Re: Schumer: It’s time to go after the 3-D printable guns on: May 16, 2013, 07:19:47 PM
How does one regulate a home-made RepRap? Someone should make a LOTR-themed quickmeme about this.

The same way they regulate growing pot at home: if they find one in your possession and you don't have the needed paperwork, they confiscate it and destroy it. And you go to jail.

Medical 3D printer anybody? I need it for my prosthesis
Except growing pot produces a noticeable heat signature, and sucks up a lot of juice. 3D printers are tiny, use very little power, and give off almost no heat, even in operation (certainly not enough to attract the attention of law enforcement).
865  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 16, 2013, 07:16:39 PM
And just in case you won't believe Hoppe, here's a mainstream historian:

Quote from: Christopher Pierson
The State is not an eternal and unchanging element in human affairs. For most of its history, humanity got by (whether more happily or not) without a State. For all its universality in our times, the State is a contingent (and comparatively recent) historical development. Its predominance may also prove to be quite transitory. Once we have recognized that there were societies before the State, we may also want to consider the possibility that there could be societies after the State.
The Modern State, Routledge, second edition 2004, page 27
866  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 16, 2013, 07:03:28 PM
I would say it is older than Machiavelli.
You could say that, but you would be wrong.

https://mises.org/document/1092/Myth-of-National-Defense-The-Essays-on-the-Theory-and-History-of-Security-Production
867  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 16, 2013, 06:48:10 PM
The ones simply with the ability to put a stop to the squabbling is the "government". They would basically have a monopoly on the use of force. You would not have anything less than this, due to nature of human/animal hierarchical social structures.
You do understand that the concept of a monopoly on force is only as old as Machiavelli?

Market law and rights protection would do a hell of a lot better job than a monopoly.

Tell me, how exactly would a huge bank harm the public?
The same way it does now
By influencing the government? What government?
868  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 16, 2013, 06:38:47 PM
What would motivate a large bank to buy the debt of a smaller one? They might buy up the assets (brick and mortar buildings, etc), and certainly that might be used to pay back the remaining outstanding debts, but the out of business bank will not be "merged," it will sell off whatever it can, and then fade into history.

The customer base. The surviving bank will acquire all the failed bank's customers. The customers aren't going anywhere. They're still going to need somewhere to put their gold, btc, grain, whatever the reserves are.
So, the successful banks should not be rewarded for their wise policies in not putting out too many notes?

And let's assume that that's exactly what happens: All the other banks suffer runs because they were stupid, and their assets are picked up by one big bank - or a cartel - that does a lot of business. Without the government to influence, what harm can they do?

But in reality right now, there is a government.
Yes, but you postulated a free market system. Wink

Tell me, how exactly would a huge bank harm the public?
869  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 16, 2013, 06:17:50 PM
I'm saying if you have a free market providing FRB services, which produces usable money in the form of notes and accounting entries on reserves, the vendors in this market who happen to be idiots or unlucky or victims will issue too many notes and suffer panics on reserves and therefore become absorbed or merged or bought by another FRB.
One question:

What would motivate a large bank to buy the debt of a smaller one? They might buy up the assets (brick and mortar buildings, etc), and certainly that might be used to pay back the remaining outstanding debts, but the out of business bank will not be "merged," it will sell off whatever it can, and then fade into history.

This process happens over and over and over and over until there are only a very few big players with all the reserves all pooled up in just a few places. They then cartelize. When a cartel in something as important as creating the money supply gets big enough, it starts influencing the government.
And let's assume that that's exactly what happens: All the other banks suffer runs because they were stupid, and their assets are picked up by one big bank - or a cartel - that does a lot of business. Without the government to influence, what harm can they do?
870  Other / Off-topic / 10,000! on: May 16, 2013, 05:50:39 PM
Help me celebrate the colossal amount of time I've spent on here, writing.

If you've got some real gems of mine, really good or really bad, quote 'em here, and pat me on the back or laugh at me. Treat this thread like a roast.

Don't hold back, I can take it!
871  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 16, 2013, 05:40:15 PM
So much fallacy...
872  Economy / Economics / Re: USA Debt Repayable on: May 16, 2013, 05:37:37 PM
Why do so many people find it hard to accept that things are fine?
How much are you paid per post, Hawker?

Not as much as you Mr. 10k posts Shocked
This is a labor of love. I don't get paid.
873  Economy / Economics / Re: USA Debt Repayable on: May 16, 2013, 05:31:29 PM
Why do so many people find it hard to accept that things are fine?
How much are you paid per post, Hawker?
874  Other / Politics & Society / Re: Schumer: It’s time to go after the 3-D printable guns on: May 16, 2013, 05:04:55 PM
Wait, so we can print bongs on demand, our choice of shape and size now?

Yeee HAW!!!
Um.
Thermoplastic.
Probably a bad idea.

Edit: Thingiverse is, of course, way ahead of us on this:
http://www.thingiverse.com/thing:25491
You just need one non-printed piece.
875  Economy / Economics / Re: Fractional Reserve Banking and the creation of the Debtcoin on: May 16, 2013, 04:35:43 PM
Lots of people borrow to their credit limit and rely on the repo man to provide them with motivation.
Think about why they do that. Does the base inflationary system encourage savings, or borrowing? Would a base deflationary system encourage savings, or borrowing?
876  Other / Politics & Society / Re: IRS APOLOGIZES FOR TARGETING CONSERVATIVE GROUPS on: May 16, 2013, 04:26:34 PM
Since this has started back in 2010, I'm going to put on my tinfoil hat and come up with a theory. What does Obama have to gain from targeting Tea Party groups? Answer is almost nothing. On the other hand, establishment Republicans have considered the Tea Party a huge threat from the start. Tea Party does populist politics and astroturfing really well, attracting common Joe Shmoe, but pick really awful, terrible candidates. Most of the Tea Party candidates that won primaries in 2010 were downright fucking nuts, and most of them didn't win, because they only appealed to the loony fringe. Republicans fought them during the primaries, and were always under a threat from the Tea Party of being primaried in otherwise safe "red states," which would divide the vote, and cause the state to turn blue (which actually happened in 2010). So, some high ranking Republican Senators and/or House members secretly instructed the IRS to target Tea Party groups, and make it as hard for them to raise money and participate in politics as possible. As a result, they were able to regain a lot of the seats they lost in the 2012 elections. And if they get caught, they can just blame it on Obama, since it would be "obvious" to everyone that he is the "Scary Black Man™ who is only in office because he cheated, and he is the only one with incentive to attack Tea Party I mean Republicans."

FWIW, Adam Curry agrees with you. But he proudly flies his crackpot flag, so take that how you will.
877  Other / Politics & Society / Re: Schumer: It’s time to go after the 3-D printable guns on: May 16, 2013, 04:19:12 PM
How does one regulate a home-made RepRap? Someone should make a LOTR-themed quickmeme about this.
Ask, and ye shall receive.
http://qkme.me/3ufhti
878  Other / Politics & Society / Re: IRS APOLOGIZES FOR TARGETING CONSERVATIVE GROUPS on: May 16, 2013, 03:32:08 PM
The head of the IRS has resigned (aka was fired), even though he likely had nothing to do with this, since he was somewhat newly appointed, and this started years ago. So... there you go.
Blame (for getting caught) has been assigned, back to business as usual.
879  Other / Politics & Society / Re: Police State? on: May 16, 2013, 03:14:27 PM
http://www.naturalnews.com/040358_Boston_Marathon_bombing_police_state_martial_law.html
880  Other / Meta / Re: Why did my topic (with replies!) disappear? on: May 16, 2013, 02:44:17 PM
That was not begging, that was an offer to sell a digital content embedded in that post. It seems to be relatively legitimate business (in comparison with many scammy posts on this forum).
It was begging, because you offered nothing in return except exhortations to send money. If you want BTC, offer something of value to the community. You'll note that most of the old-timers have addresses in their signatures. These are "tip jars." If someone feels you have provided value, they will respond in kind.
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