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1  Economy / Economics / Re: Currency is Passé on: December 25, 2023, 07:54:01 PM
The economy is a game of who has more than whom.

I go to a store with a credit card and sign to get whatever I want. The store doesn't mind because they believe I will pay.
You go with digital assets and do the same except when you sign the store compares what they have to what you have, eliminating trust.

Sudden death: The end.
2  Economy / Economics / Re: Currency is Passé on: December 19, 2023, 06:40:15 PM
To further underline the simplicity of this, the infinite set of prime chains discovered on Primecoin mitigates market bubbles that exist on fixed sets of limited supply, such as in all Bitcoin and Ethereum applications which will eventually depend on transaction fees in order to survive.

Why is this important?
Because exchanges are redundant when miners trade directly with other participants.

What does this look like?
When signing a purchase, the amount you hold determines whether the selling party balances their book by either buying or selling.

Doesn't that clutter the blockchain?
No, because private keys are swept to a buyer's wallet then disposed by the seller. Since miners are the ones doing these trades, transaction fees spent to lock in keys are offset by reward blocks.
3  Economy / Economics / Overleveraging, cheating, shadow margin, prostitution, crime on: December 17, 2023, 07:12:35 PM
Since your holdings are visible on the blockchain, anyone that knows your internet or wallet address can leverage your holdings against you on the corrupt exchanges for crime, prostitution, or worse.

There are not many people in this market. Many have access to or operate exchanges, thus are able to link users to addresses, with or without KYC. Electrum or RPC connections, mobile wallets, explorers, payments, and even clipboards on your device can be tracked back to you, your IP address, or your general DNS location. Even without this information, an address with holdings can be referenced over time by owners of other issued tokens or coins in order to make market decisions based on how long or where these holdings are held. Or worse, new tokens or coins can be issued using your holdings as leverage (since they can be viewed publicly by anyone) to prop up their market for illegal or even terrorist activity.

Corrupt exchanges can display whatever numbers they want on the chart, then force users to wait inordinate amounts of confirmations while the exchange shuffles their gambles and bets upon your withdrawal.

This is why the original application did not include spv/rpc and why keeping a local copy of the blockchain is so critical: To keep other entities from spying on your holdings and transactions.

Even this forum and its owners can track you, your wallet, your holdings, or any other information you make public. Once scripted, a malicious entity can create a map with profiles on anyone and everyone on the blockchain.

Moving your holdings routinely to new wallets is also not enough, as each time you transact you are linked back to the previous address. You would have to move them to an exchange and then return them to a new wallet that you have never referenced publicly.

This isn't a game. This isn't intellectual property being revealed. These are subtly introduced flaws that have corrupted the original design, such as by Trezor, Ledger, Cryptoid, Blockchair. These tactics are utilized by employees and owners of every exchange or application against you.

Quit being criminals and build it better or this whole market is meant to steal candy from babies.

That's not all: banks, advfn, chatrooms, fraternities, and other communication channels also lead to insider trading, criminal knowledge of personal information, and theft on the stock and bond market, metals, real estate, or anywhere people can take advantage of one another.

You are not entitled to other people's property, bodies, nor knowledge whether you have the ability to obtain such or not.

Capitalism is compromised.
4  Economy / Economics / Re: Minimum Wage and the spot price of Silver on: December 16, 2023, 06:20:15 PM
By this logic the minimim wage would reasonably be the spot price of silver, fluctuating with the market, since there are no longer silver coins in circulation.

Considering there were still silver coins in circulation in 1980, the minimum wage of $3.10 was reasonable when you were to save some silver coins, especially if you knew the silver spot was $20+.

Neither the dates selected nor their pertinence to the numisma are stupid nor random.
5  Economy / Economics / Currency is Passé on: December 16, 2023, 06:06:26 PM
Have you considered the antiquated and cumbersome nature of passing currency for each transaction?

For each transaction one of the following must occur:
In cash you must exchange bills and coins, cluttering drawers and pockets.
In cryptocurrency you must pass digital units, cluttering the blockchain.
In credit you must pay merchant service fees, cluttering accounts payable.

The technology we stand upon is a network of keypairs.
What is that exactly?

With a private key you sign to prove ownership.
With a public key your signature can be proven.

Like a credit card, you may sign a purchase with the keys holding your digital assets rather than send units back and forth.
What happens next?

The selling entity knows how many units of the digital asset a signer holds and can determine whether to purchase more or sell some of their own holdings to balance all signed purchases at once.

This simplifies accounting to the lowest number of steps possible and eliminates redundant transaction fees that would otherwise be required when passing digital assets as currency in each purchase.
6  Bitcoin / Electrum / Electrum rewrite in C on: December 16, 2023, 05:23:23 PM
I've experienced a lot of issues with Python modules not being compatible with electrum. This also applies to other Python scripts, though I want to concentrate on Electrum. I've submitted an issue as a feature request on GitHub.

The logical conclusion to the Python ouroboros is to port Electrum to C.


>>This is not an issue with virtual environments, rather an issue with unreliable module compatibility.<<
>>A typical user is never going to resolve this, therefore any application released in Python must be considered non-production.<<
7  Economy / Economics / Minimum Wage and the spot price of Silver on: December 15, 2023, 10:56:50 PM
Since 1964 the United States has intoduced cupronickel into coinage, rather than silver. In 1960 the minimum wage was one dollar per hour. This indicates that the minimum wage must be one ounce of silver, as the silver dollar was the common mint when minimum wage was one dollar.

During the eighties the silver coins disappeared from circulation, which means that the minimum wage has not kept pace with the economy. If you make $75/hr now you are only making about $3/hr in silver.

There is no need to mint new silver coins nor recirculate the existing sets.
Logically, the conclusion would be to network businesses together where their minimum wage is the spot price of silver.

You may have noticed with news released over the last decade that silver fell from the 2011 high of $50/oz to a low of $12/oz in 2020, now resting around $25/oz in 2023.
During this time the cost of goods has doubled. This means if you were holding silver over the last decade your purchasing power was quartered: halfed in falling silver and halfed again with rising costs.

Obviously the answer to improve the world economy is not to hold silver.

The only reason this could be happening is to cheat the youth by raising them in ignorance, such as by teaching them to say "I love you" when they give gratitude, because the surviving generation is selfish and doesn't care. Your parents loved you, but you as parents do not love your kids, otherwise you'd raise wages greater than what you got.

You cannot make your hatred any more obvious. You are no friend to us.
Either sit down and take a backseat or live with everything you've stolen and the nothing left inside of us.

I want you to die for everything you love and I will let the maggots blow you.
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