Highly pro-regulatory bias.
And Vessenes and Liew disgust me.
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Bitcoin was the fruit borne of 20 years of crypto-anarchist/cypherpunk advocacy. Its purpose is to carve out a new territory of freedom, as Satoshi himself said.
Don't let any Wall Street bigshot tell you otherwise. Don't let any venture capitalist tell you otherwise.
It ain't meant to be a slightly better Paypal. It's mean to obviate the need for the current corrupt financial system.
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It is the same distinction as between "do unto others as you would have them do unto you" versus "do to others what they do to you."
By accepting social security money, she causes the government to collect that amount of money from younger workers in the government-enforced ponzi scheme.
By not accepting social security, she would have, in a very small way, reduced the required amount of money taken from these younger workers, and remained true to her principles.
But she had money taken from her when she was young to pay for the elderly of that time. Ordinarily, she'd have used that money to save for her old age. In her old age, she did not have that money, nor the returns from any potential interest/investment. There's nothing hypocritical with her accepting it back. A person might think that the FDA's monopoly on drug evaluation kills more lives than it saves. Yet they would not be hypocritical in taking FDA-approved drugs. It's the system they live in. They're not obligated to sacrifice themselves in order to believe a market for drug evaluation would be a better system.
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I feel that principle is the same as "it's ok to steal from someone that stole from someone else." It makes as much sense as selfishness as a moral positive. If I were to hold a strongly held belief against a certain system, I would not participate in anyway that I was free choose to, as voluntarily participating would be endorsement. I would not think her a hypocrite if she chose to become homeless and suffered her condition without medical care, because she did not have the funds to sustain herself near the end of her life. At the very least, she should have lived at the mercy of the charity of any supporters she had.
I personally find hypocrisy to be morally repugnant, but each person is different.
I have no affinity (or disaffinity) for Ayn Rand, but I don't see any hypocrisy. She does not believe her money should be taken from her to fund the social security program. Yet funds are taken from her. In her old age, she accepts that money back. What's wrong with that? Why shouldn't she accept her stolen money back? In her ideal world, no money would be taken from her, and she'd take none back. In the current world, her money was taken from her. She has every right to take it back. No hypocrisy.
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There are some things that I believe in that are not libertarian, for instance, I believe there should be subsidies to get broadband internet service to every rural household in America, just as there was for telephone service and electricity. I'm against subsidies not because I don't support the end sought (broadband for rural folks), but because subsidies distort markets and are fundamentally anti-competitive. The sentiment is just as wrong as "Every person should own a home" or "Every person should have their college loans paid for" both of which have had disastrous results. I believe in the right of a group of people to band together and bargain for higher wages and safety standards with a large company or corporation. Libertarians are all about free association so I don't think any libertarian would disagree with the above. I believe that people and corporations should be made to account for degrading the environment without paying for it (socializing a cost), while making a profit. Libertarians are pro-property rights, so dumping waste onto others' property or the commons is a big no-no. The argument is about the solution: whether it be central control, or whether it be by privatizing the commons (like has been done with fish stocks) or pigouvian taxes. Libertarians generally prefer the latter because it avoids creating another tragedy of the commons: ensuring the regulatory apparatus is not captured.
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The Somali argument is such complete nonsense. It's in sub-saharan Africa. Pretty much every country in that region is poor and violent. Heck, Zimbabwe is an even worse basketcase and it's a socialist country. What does that really prove?
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chessnut, do you have a chart for that?
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Folks,
Let's keep this thread real. "Posting in real time" does not mean posting completed trades once they're complete. That's too easy to be selectively biased about, i.e., only posting successful completed trades and omitting completed trades gone bad.
Rather, it means posting both the opening of the trade and the closing of the trade independently at different times.
Obviously, the primary motivation is to show off.
But I think there's a better purpose here: to be honest with yourself, track your record in public, and learn from your mistakes. It can only pay off long term.
I suggest some sort of common format. Something like:
Open: Bought 1.4BTC @ $500
Or something similar. I'm open to suggestions.
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Just shorted 120 LTC/USD @ $20.00 USD
Now that is both ballsy and in the transparent spirit of this thread. I applaud you, sir.
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Lets see it OP. Post your entire trading history
I'm not a trader, but I am a speculator. My original buy price is $120ish. Actually, my original original buy price was $12 but those coins were stolen. So my current buy price is $120. Regardless, the spirit of this thread isn't about what someone has done in the past, as that's easy to fake. It's about posting in real time. I don't plan on selling any time soon. But when I do, I will post it here as I do.
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While everyone rejoices, let me be the wet blanket:
Licensing is fundamentally anti-competitive. This is crony capitalism.
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Some additional thoughts:
1) It would be nice to post positions as amounts and prices, but many people won't post amounts due to privacy concerns.
2) People should bold the actual trades, and leave the rest of the prediction/analysis/justification in normal text. Something like:
"I just bought 20 BTC @ $620. I think with the news of NY State accepting applications for exchanges, the price should go up because this will create an easy way for Wall Street to get into the game."
(Note that I didn't buy anything--just an example)
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Lots of people on here act like gurus, writing stuff like, "I bought at this price and sold at that price. Look at how badass I am".
Here's a real challenge: post trades in real time. It's much hard to bullshit others that way.
Further, it would make for a much better Speculation forum as the real gurus would separate from the wannabes.
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New York’s Superintendent of Financial Services, Benjamin M. Lawsky, has issued a public order that confirms the state is now accepting applications for digital currency exchanges. You can find article in Bitcoin Discussion under Bitcoin news every day latest post. This will be a leap forward. Now we are talking "Consumer Protection". People are used to keeping currency in a bank this will serve that purpose. Exchanges you can trust that changes everything and leads to more people adopting BTC.
You really think laws will keep the exchanges secure?
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So is it true that the Chinese govt has given implied approval of Bitcoin trading/buying/selling given the fact that the exchanges are seeing heavy volume?
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Well, I have solved a major problem. I've been trying to do my taxes for a while but lacked my account trade data since Gox went down. Today, I got it back.
What a crazy world we live in: Gox can't give me my own trade history, but hackers can!
Thank you hackers!
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I haven't downloaded anything due to fear of malware, but would I be able to get my trade data off this? I need it to do my taxes.
You can download it, its ZIP with plenty of CVS files (harmless text files). Do not run EXE files, or open PDF. If you know your user guid (long hexa string you received with your registration), you can find yourself in the dump. Crap, I don't have my user id. What I do have is an excel file that's a partial list of trades. For example, it has trades #53-#110. What I don't have is trades #1-#52. I thought I had downloaded all the trades, but for some reason my file only had some of them. Would I be able to use information from my excel file to identify the rest of my trades? It has various tid's for some trades, and it also has bitcoin addresses that I used to move my coins elsewhere.
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