They grow the ecosystem! Just think how many people got interested in speculating on BTC because they were interested in speculating on an altcoin. All the PR on altcoins contributes to the snowball of market mass for crypto in general. Come on man! Not everyone are only interested in HODLing a better gold. Some are interested in smart contracts, decentralized blogging, Crypto Kitties, etc..
This is such an important point! |
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A corollary is that women are not (generally speaking) going to compete to produce the most innovation and profitable work because again, “the gender roles can not be swapped, because women will not work hard to compete to possess and provide for multiple men and the offspring of those men (because for one reason she can not impregnate multiple men!)”. Women will typically be motivated work to achieve societal goals such as more surety and safety (e.g. working in research to solve health care issues but not from profit driven perspective and in fact often they deplore the prioritization of a profit motive), not maximizing return-on-capital. Highly educating females merely empowers leftism. There is no other applicability really (really we do not need females for the innovation, we need to maximally motivate males in order to maximize innovation and production which means avoiding leftism). Please tell me it isn’t so. Most if not all intelligent man dream of having a wife who is his intellectual equal and best buddy. I gave up on trying to find a female mate who has male intellect. Who here has a female philosopher or writer they follow seriously for her insights? Simply does not exist. Do you need some convincing (and archived)? I fear you're more or less correct. Ayn Rand's philosophy may be an example, no? I also am not sure we can let women off the hook here. They are absolutely to blame for the way things have gone. They are responsible for choosing the fathers of their children and I'm not willing to let them off that easy. In fact I'd say that women have been extremely sheltered from any scrutiny and it's part of the reason they've become so messed up. There is no ostracism for women being whores these days. In fact it's called "slut shaming" to do so. We need to be very careful that we don't absolve women from blame. With great power, comes great responsibility. Playing white knight and only blaming ourselves (men) only helps promote their destruction. Not saying that is what you're doing, but it's something we really need to be careful of. We need strong women, but not in this 21st century, "independent woman" bullshit type of way. We need strong women that are capable of fulfilling their roles in the marriage/family equation and not treated like little fragile, princesses. If only women could take pride in their reproductive gift and see how their finite eggs can't just be given out to fucking dirtbag, abusive assholes and liberal voting cucks. sigh. Women have been duped into thinking they have nothing of value to offer if they can't keep up to men physically and intellectually, which is beyond sad and depressing. Both sexes need to start taking pride, full responsibility and recognizing what they are by nature and stop being so fucking scared and manipulated into thinking it's somehow sexist and wrong to acknowledge reality. Maybe women are more susceptible to this sort of manipulation, but then why are 21st century men so fucking pathetic too? |
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Nevertheless it is possible for Bitcoin’s bubble to move higher than even $10,000 before the next crypto winter. Whether it is likely or not, is not a speculation I am commenting on. I try to avoid speculating too much as well as pretty much anything is the norm in cryptos. My only though is that with LedgerX (CFTC regulated) derivatives now here, I'm especially hesitant to say we'll see a crypto winter, at least not before we see much higher prices. The crypto winter keeps repeating, yet you imply it never happens. You’re provably lying or misrepresenting the facts. History is on the side of repeating bubbles/crashes, so to think that won't happen again is very naive. I can see a time when we're truly in a bubble, like the tech stock bubble x10! Maybe in a 2 - 5 years or something, when BIG money is in the game on a world wide scale and we'll be in the Trillions for combined MCap. The time when most ICOs have had a few years, and still haven't produced anything tangible and they actually run out of greater fools. Then we'll see something like a true crypto winter that could last for years. The Amazons of the crypto space will still be here (BTC, LTC, ?,?) and the Facebooks will be developed at that time. The rest will be wiped out and people will come to their senses, realizing that ICOs were just ridiculous. In that event BTC would likely take a huge hit in terms of price, so always best to be diversified and keep an eye on new developments. |
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Anybody know when this service is launching? I am in need of financing and really want to try this out!
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Is Capitalism flawed? I used to believe that Capitalism solves issues, but if I really look around me, it actually only creates more issues that were not here before. I cringe when I see somebody ask the question without first defining the term "Capitalism". First, tell us how you define Capitalism because otherwise you will get a hundred answers, none of which may even be addressing the same idea. I'll answer your questions using what I consider to be the traditional definition, from Dictionary.com CAPITALISM - "Also called free enterprise, private enterprise. an economic system based on the private ownership of the means of production, distribution, and exchange, characterized by the freedom of capitalists to operate or manage their property for profit in competitive conditions" So the distinction that needs to be made is whether you are referring to a free market system (purely private property) or a mixed socialist economy (where the government intervenes when it sees fit). The essence of Government is being a monopoly on the use of force. In other words, if you don't comply, men with guns will eventually kidnap you and throw you in a cage. When the Government pokes its finger into the natural, voluntary, free movement of individual exchange, it is much the same as stepping on an Ant hill or maybe burning down part of a forest ecosystem. People will simply route around the inefficiency e.g. black markets. If you define Capitalism as what you see in most Western countries today, than you won't agree with me. For the sake of argument and simplicity though, I think it makes sense to view the Economy as an ecosystem or natural order composed of Billions of actors working independently, yet also cooperatively through free exchange. The saying, "Live and let live" really sums it up well I think. The people that seek to intervene, manipulate and control the economy are extremely arrogant, economic illiterates who probably do not even have their own lives or families sorted out yet, most likely due to their own uncertainties, fears and lack of moral compass, they wish to impose their will on through the power of state legislation instead of leading by example. > There are many rich people with tons of capital but there are more unemployed people that will not have access to that
> People are living in luxury mansions and driving very expensive car, and then kids are starving in other places
> Profits of companies is going up, but real wages going down, people are living paycheck to paycheck
> Everyone is in debt, nobody has any savings, and most people are working part time jobs
> Nobody has a house, nobody can afford one, yet real estate speculators own thousands of them
> Banks have trillions of $ of money, but they still charge you 50$ / transaction because of their greed
> People have no future prospects, no career opportunity, they just live from paycheck to paycheck trying to pay off the debt and buy some shit GMO food filled with poison, because why sell healthy food to the public when the GMO food is more profitable?
It looks to me like Capitalism is flawed. Nobody has any money and everyone is suffering. I think a universal income must be implemented as fast as possible.
There will always be rich and poor. Dominant or weak. Free markets will not create a utopia where everyone is equal, however they will give everyone the best chance. Government exacerbates the problems you've highlighted because the rich and corrupt simply capture it and use legislation to make themselves richer. It's the collective delusion that state power is legitimate, which gives these sociopaths the opportunity to control us. Why do you think Bill Gates can't just create mandates and expect people to obey? Because he has no coercive authority! Microsoft is nobody, but call yourself a Government and now you have legitimacy in the eyes of the slaves. In fact, Slaves will beg you to increase your power because they believe it's moral and legitimate. In a free market, entrepreneurs must necessarily provide value to many people in order to become wealthy. They need to persuade you to buy their products. Unrestricted competition keeps their greed in check. In socialism, government claims they need to forcibly intervene to keep business in check. In other words, people (government) claim that using coercive power is sometimes necessary because the market is inherently flawed. Once you go down the road of excusing violence, you never come back! So in my opinion, Free Market Capitalism is not flawed, nor is it a "system" that has been imposed. It is simply the natural order or an ecosystem composed of billions of individual actors, exchanging voluntarily. When somebody violates your private property by using physical force or fraud, then they should be punished obviously, but we don't do that by granting a complete and total monopoly on that "justice system" to a government. If we do, then the question is, who will regulate the regulators? Who will investigate the investigators? Crony Capitalism, Crapitalism or Socialism are the terms I would give to the corrupt systems we currently have in the West. If you want to define Capitalism this way, than I would completely agree with you that it's very flawed. |
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If you truly believe this, than you clearly don't understand Cryptocurrency.
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Anyone else think OP is a fucking idiot?  |
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Although I don't really want this to happen because it may negatively affect BTC price, I almost hope BTC forks into two competing solutions. One with SegWit /Lightning and one as Bitcoin Unlimited or something along the lines of what Craig Wright is talking about. I simply have no idea what to believe anymore and I'm not sure anyone else know what the best solution is until we see them compete side by side for a number of years.
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Well it is true that anyone can fire up a new Shitcoin on a whim, but just because you can easily create a new currency doesn't guarantee it will have value or take market share from Bitcoin.
I think a reasonable analogy would be to ask if creating a new corporation and listing it on a stock exchange would hurt other publicly traded companies. To a certain degree, yes some investors may choose to buy your stock over another stock, but the reason they buy it is because they believe the company is providing value or will provide value in the future.
In the case of Cryptos, they are going to need to be innovative or provide a unique use case in order for people to value them in the long term. Short term we really have no way of knowing outside of pure speculation and we may not know if something has a long term purpose for years. ETH at this point is still pretty much 100% hype and promises. At least BTC has an 8 year history of being a rock solid, immutable store of value.
I would also add that if we had 10,000 alt-coins right now, it's doubtful the other 9000 would have much, if any MCap. There are simply not enough use cases and having 10,000 potential options is just spreading way too thin. Chances are that most of the wealth would remain in the top 100 with everything else just being excessively illiquid.
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According to a friend, he sent some ETH and received a specific number of EOS. You can see their calculation here: https://www.eos.io/instructionsNumber of EOS to purchaser = A * (B / C) A = Number of ETH you contributed B = Number of EOS allotted to current distribution round C = Total number of ETH contributed in current distribution round (Let's just assume ETH is $200 USD for the sake of simplicity and that total ETH contributed for period is 200,000. Actual amount is here: https://etherscan.io/address/0xd0a6E6C54DbC68Db5db3A091B171A77407Ff7ccf) So for example if I want to contribute 10 ETH ($2000 USD) then we'd go 10 * (200,000,000/200,000). I'd receive 10,000 EOS, which means I'd be paying $.20 USD per EOSLet's say I buy tomorrow instead and at that point they've raised 400,000 in ETH So, 10 * (200,000,000 / 400,000) = 5000 EOS , which means at current ETH price I'd be paying $.40 per EOSI'm not that good at Math. Can somebody please explain what this means? How do we determine the total number of EOS distributed at any give time relative to the 200,000,000 for this period? They don't say that on the website (yet). Also, it would seem that every day that goes by, as more ETH are contributed and assuming the price of ETH is the same, then I'd receive less EOS for my ETH? What? Can somebody please make sense of this? Thanks! |
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ETH will be dead from too many rollbacks, scams, ICOs. ETC will become the more trustworthy token.
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Yep I think I'm out too. Page loaded for me finally, then clicked on "Get EOS" and that page won't load. What a joke! $4 Million in the first 20 min. Talk about hype! https://ibb.co/drKDq5 |
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Because the whole reason ZenCash launched was Zclassic doesn't have a funding model to fund development, 100% goes to miners - in my view, no chance of competing these days without a development funding model funded with a share of the block reward. But this is my opinion only. Why not ZClassic? It's like Zen without the unnecessary extras.
Lol so, "let's fork ZCash because we don't like the 20% founders reward... oh wait we need some money to continue development cause who would work for free?" For fuck sake. |
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Why not ZClassic? It's like Zen without the unnecessary extras.
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As others are saying, don't worry too much about it.
If you were to move out of BTC temporarily though, please for the love of God, do not look at ETH as some sort of safe-haven!
ETH may have value, dont' get me wrong, but it is not a store of value or currency. It's a highly speculative token on a DApps platform, that has already shown it's untrustworthy as fuck. Please read about the DAO incident if you haven't.
On top of that, if you're worried about BTC taking a big hit over scaling fears, how are you not concerned with ETH taking a bit hit since it's gone up 40X in the past few months?
If you're looking to the preserve your wealth in USD terms, the only coin right now worth sitting in for a while would be LTC. Right now it is very stable relatively speaking.
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Quoting as he requested. I think the key design point to overcoming @dinofelis’ observations is that we need system that values fungible money up to some moderate natural limit with diminishing utility from that moderate peak economy-of-scale. Existing blockchain consensus algorithms and the historical social organization/governance systems of society all have the flaw that they winner-take-all reward a constant (non-diminishing) utility of economies-of-scale (in capital, political power, for PoW/PoS in hashrate/tokens, etc). This was the entire point of my essay quoted in the OP of Economic Devastation, that knowledge production can not be captured by finance nor governance, thus it would naturally force decentralization. Then I discovered the importance of the Inverse Commons in this process. Then I realized we could accomplish consensus in an Inverse Commons. The point being that we can in theory have a blockchain consensus which is immune to tragedies-of-the-commons (e.g. winner-take-all non-diminishing utility) and then due to the points I made my aforementioned essay, then accumulating economies-of-scale becomes a weakness with diminishing utility (analogous to the Mythical Man Month concept in an abstract comparison).
I intend to make a more detailed exposition about all of this as my health improves and Bitnet comes closer to reality. Also I will want to explain in more detail why the above combined with computer technology meaning no more physical black markets as all money will be electronic, means that epoch where precious metals are valuable and money has come to an end. The Bible is correct and everyone will throw their gold and silver into the streets as it becomes useless shiny metal trash (aluminum foil is shiny also, lead is heavy also) and actually a liability labeling the tinfoil hat as a terrorist to be imprisoned. When the West starts to collapse in earnest, it is going to be a very rapid transformation and those who were complacent are likely to get trapped unprepared. We are at the end of millennium epoch of civilization.
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Ledger Nano hardware wallet!
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Is it too late to buy ZClassic and get 1:1 for Zen? Is Zen actually launched?
Launched already, so too late :/ DOH! |
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Is it too late to buy ZClassic and get 1:1 for Zen? Is Zen actually launched?
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Putting this here so I can revisit later. It turns out that it will be almost exactly 3 years until we see $50,000.
BTC - $50,000 USD - June 2, 2020
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