Bitcoin dwarfs alts:  Currently yes it does given it has had much longer time in the crypto space than even Litecoin. Perhaps a more fair scale is to compare the marketcap of Litecoin (or other alts) at the same age (months, days, years) as Bitcoin and see how they stand up against one another. Not long ago Litecoin was at ~$1,000,000,000 and Bitcoin was at $12,000,000,000 market cap respectively. Yes, Bitcoin was 12 x Litecoin then. Now 30x. |
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The more people believes in bitcoin, the more I want to short.
The more people believed in Apple, the more you did want to short? Good luck. |
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What if someone (governments together with banks) would decide to shut down the Internet?
The governments would not survive. The whole globalized society would not survive. It would implode and disappear within days and weeks. All nuclear plants would spread its nuclear inventory into the atmosphere as soon as the power grids collapse. |
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---------------------------- Original Message ---------------------------- Subject: official digital currencies vs. gold and crypto-currencies From: AnonyMint Date: Sat, June 21, 2014 9:13 pm To: "Armstrong Economics" < armstrongeconomics@gmail.com> -------------------------------------------------------------------------- http://armstrongeconomics.com/2014/06/21/electronic-money-starting-in-london/[quote ] I see the possibility of a ray of hope in the tunnel coming from alternative crypto-currency and their adoption by the technologically astute thus providing a frontier to escape the Orwellian socialism. And this could spin off into an entirely new internet and global KNOWLEDGE AGE economy that is untouchable by the corruption. If successful, then those who don't adopt it will fall into their own Dark Age, akin to how Eastern Rome broke away from Western as the Western Rome fell into a 600 year Dark Age. This is religious science fiction. Members of christian sects who believe to prosper in a mad max environment with nuclear reactors without maintenance and cooling. So funny. |
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Would you like to place a wager?  Yes, I bet 1 bitcoin that this society's collapse will be by far the most sustainable collapse in the 10'000 years old history of the living cartoon of the human: the citizen. https://www.youtube.com/watch?v=0EBTn_3DBYoWe measurable parameters and dates in order to make a bet. Soonish™ ;-) |
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As if technology ever could exist beyond a collectivist society!
I create programs individually. There is no collectivism required. This is the Knowledge Age revolution. People will create and distribute digitally without any collectivism involved in their efforts. BS. As @onlyu wrote: Your programming environment and the whole infrastructure behind it is a hypercollectivist monstrum, which will disappear as soon as the society collapses, and it will, as all societies did. Tainter's law. That's why I as an anarchist support your efforts to create a true anonymous crypto currency. No society can survive in an anonymous environment, where nothing can be stopped. All kind of crime (you need some examples?) could be distributed, and that's never ever the ground on which a society is able to survive. Crypto is not the tool to expand the 10'000 years old society/economy (patri archy) even more. It is a tool to destroy it and bring back anarchy (self-sufficient communities), which is the norm among the homines sapientes and their ancestors (1 million and more years). Societies (homo oeconomicus/collectivism) are only short, pandemic aberrations in this grand supercycle. Knowledge(!) Age Revolution? I would rather call it a revolution of self destruction and stupidity: http://www.bcreative.al/wp-content/uploads/2011/10/Human-Evolution.jpg |
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Was having a discussion with a family member who happens to be a Councilman in Australia at the moment. Working his way up through the government at a very young age, and I believe he will be very successful.
He raised an issue that I didn't have a very good response for. Can any of you give me some in-depth thoughts on this statement he made?
"I don't see how it will avoid the currency crisis issues faced by the Gold Standard era when the US dollar was pegged to the amount of gold mined.
Bitcoin is a very similar model, and would likely lead to a supply crisis, like Gold did"
Thanks all.
-B-
Bitcoin (and Crypto in general) is not a tool to expand the society/economy (collectivism) even more. It is a tool to destroy the society (patriarchy). It's a tool to bring back anarchy, a world with those self-sufficient communities, which had been destroyed 10'000 years ago. |
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Those who are expecting dollar collapse and hyperinflation are clueless about history. Never in the history of the world, not even in Rome, has the global reserve currency collapsed. It doesn't happen. Only revolutionary governments which can't sell their own bonds collapse into hyperinflation. Rather what is happening now is the "borrower is slave to lender". The USA is taking control of the globe now and the dollar will become very strong. They will track down all wealth globally and confiscate it. All the pawns of the USA (Europe, Japan, etc) and the fake antagonists (Russia, China) are on board this plan to share information to track down "tax evasion" which is a code word for Totalitarianism. Again find the link in my prior post and read that entire Mad Max thread so you can re-educate yourselves. Civilizations (problem solving societies) collapse because of the diminishing return on additional investment in additional complexity. Tainter's Law. http://www.jayhanson.org/page134.htmNo they collapse because of socialism and collectivism when the private sector shrinks to for example 25% of GDP (and govt+regulation compliance is 75% of GDP as is the case in the USA and Europe now), which is an orthogonal property to knowledge formation. Here are a few examples of the cancer upon us now: http://armstrongeconomics.com/2014/05/21/unions-out-of-control-the-real-poison-pill/http://armstrongeconomics.com/2014/05/21/how-bureaucrats-undermine-everything/Don't conflate the perils of collectivism with the beauty of technological advance. We already had this discussion in two other threads already and I am not going to debate you again, as I already shown the idiotic illogic of your conflation of the two: https://bitcointalk.org/index.php?topic=564097.msg6513193#msg6513193Armstrong and you know really nothing about anthropology and civilization, when I compare it with Tainter. As if technology ever could exist beyond a collectivist society! Collectivist society is a tautology. |
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Savings? Funny. That's DEBT on the other side of the balance sheet! The more savings in the world - the more debt.
You really have to set your imagination free, and start to question what you are served by the masters. There really is money, which is bills and coins. These work just like bitcoins. Then there is debt. Debt hast two parties, is set to be paid back at some point in the future, and normally the debitor has to pay interest. Debt extends the money, and reduces the value of the money unit. Any debt works like that, even the casual loan of a few dollars you give to a friend. Although debt is a nice function that can increase freedom, debt is not necessary for the world economy to function. Without debt, the money would just have higher value. Any venture any size could still be done, you just need to summon more people to take part in your project. Who told you those fairytales? Debt was on top of any kind of money from the very beginning. The first debt was the tribute (tax) to the masters and rulers. This started the economy and all kind of money. Untaxed, ungoverned people who live beyond the state didn't know tribute, tax and debt, and therefore they didn't need the derivative of the tax, which is money. They are self-sufficient. Read Graeber: http://en.wikipedia.org/wiki/Debt:_The_First_5000_Yearsand Paul C. Martin: http://cdn.preterhuman.net/texts/wars_and_weapons/us_weapon_export_guide/Machttheorie-Martin-Symp.pdf |
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Savings? Funny. That's DEBT on the other side of the balance sheet! The more savings in the world - the more debt.
Well done you've completed your transition to join the darkside become treasury secretary Is a farmer saving a crop for the winter a poorer man for it. He could just sell it at market but instead he saves it. Is he in debt, no he just saved production. That is the origin of savings, our modern muddle of traded debt as money with more debt to pay the interest makes it all a joke. In that case maybe you are correct, savings just represent a greater obligation for payment. With nothing to back the dollar absolutely, savings just become a negative but in that case you should be saving something of worth not denying the whole idea of saved production http://www.youtube.com/watch?v=16ywzJ3U7rgThe Japanese are saving money, which ist debt: 500 percent of GDP. |
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Civilizations (problem solving societies) collapse because of the diminishing return on additional investment in additional complexity. Tainter's Law. http://www.jayhanson.org/page134.htm |
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having a currency backed by nothing, over printing the currency and unregulated derivative banking policies.
The currency is backed by debt, and debt isn't inflating as fast as before. That's the reason why we are far away from inflation. Over-indebted economies (Japan, Europe, US) can hardly expand debt/credit anymore; therefore we don't see infation in those economies. You mistakenly included Japan into this list. While I agree that US and Europe private sectors can hardly expand debt currently, for Japan the situation is different. Japanese are unwilling to borrow, not unable. In fact, they have enormous savings stash compared to the rest of the world. Savings? Funny. That's DEBT on the other side of the balance sheet! The more savings in the world - the more debt. |
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having a currency backed by nothing, over printing the currency and unregulated derivative banking policies.
The currency is backed by debt, and debt isn't inflating as fast as before. That's the reason why we are far away from inflation. Over-indebted economies (Japan, Europe, US) can hardly expand debt/credit anymore; therefore we don't see infation in those economies.  |
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Get your head out of your ass and read about the history Mindanao where I am now, and the tribes in the mountains of Luzon.
Mindanao? Patri archy has been created 10'000 years ago. Anarchy died 10'000 years ago. As I told you already: Both your head and your ass do not know anything about the history of the homines sapientes. I've never written such a thing. I said people are rising up because they don't feel represented. I never said I prefer to replace it with a representative government. Instead I've written that democracy is always a power vacuum and thus always ends up where we are now.
Anonymint, the collectivst wrote that there is nothing wrong with local governements and that the global one is the only problem. I'm aiming for a Knowledge Age, where each person is entirely free of governance and corporations.
That would be the first time in history, that such (labour dividing) perversion of the community would work. The communists also tried to pervert the community. The results of such hyper-collectivist experiments are well known. My disagreement with you is you are conflating things. You think technology can only exist with governance and corporations. I think technology can exist and boost individual prosperity in an anarchistic manner. You instead want everyone to remain a caveman without any technology. You better get rid of the hunting bow and discovery of fire too.  Bullshit over and over again. Nomades never lived in caves. Neither in the past nor today. |
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Well folks you see how politics devolves into an invasion into personal privacy and choice.
The issue was property rights, but the Communists will always try to divert it from that of course.
The thread is basically dead, because there is nothing more to discuss.
Opt-out and let the Communists do the megadeath ritual.
Only collectivists (Communists and Capitalists) demand property rights. Real humans (communities beyond the society) don't. Communism/capitalism is the perversion of the community. Thus you agree to let me cut off your penis. It is not your property. Your penis is a nomad that should roam and not be possessed nor owned. Conflating property rights with collectivism is a signal you are losing your sanity. A brain (if you have one) is not a property. It's a brain. Demanding state-guaranteed rights is a collectivist behavior,whether your state is 'local' or global. I never said anything about state guarantees for property rights. It is about the sovereign's ability to protect his rights, and that includes the fruit and food sources of your tribal jungle nirvana fantasy. This is what anonymint, the notorious collectivist is telling us: "When a government attacks its own people it becomes illegitimate. The people have a right to a representative government." He wants to be governed and patronized. He thinks that there are legitimate governments out there. What a 'living' cartoon of an anarchist! |
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Well folks you see how politics devolves into an invasion into personal privacy and choice.
The issue was property rights, but the Communists will always try to divert it from that of course.
The thread is basically dead, because there is nothing more to discuss.
Opt-out and let the Communists do the megadeath ritual.
Only collectivists (Communists and Capitalists) demand property rights. Real humans (communities beyond the society) don't. Communism/capitalism is the perversion of the community. Thus you agree to let me cut off your penis. It is not your property. Your penis is a nomad that should roam and not be possessed nor owned. Conflating property rights with collectivism is a signal you are losing your sanity. A brain (if you have one) is not a property. It's a brain. Demanding state-guaranteed rights is a collectivist behavior,whether your state is 'local' or global. I never said anything about state guarantees for property rights. It is about the sovereign's ability to protect his rights, and that includes the fruit and food sources of your tribal jungle nirvana fantasy. You should study tribal life. It was fraught with continuous war and kidnapping of women. Bullshit. These are wellknown fairytales of civilized collectivists, distributed by Jared Diamond et al. They don't know anything about anarchy, the times before the invention of patri archy. http://gerhardbott.de/das-buch/summary-in-english.html |
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Well folks you see how politics devolves into an invasion into personal privacy and choice.
The issue was property rights, but the Communists will always try to divert it from that of course.
The thread is basically dead, because there is nothing more to discuss.
Opt-out and let the Communists do the megadeath ritual.
Only collectivists (Communists and Capitalists) demand property rights. Real humans (communities beyond the society) don't. Communism/capitalism is the perversion of the community. Thus you agree to let me cut off your penis. It is not your property. Your penis is a nomad that should roam and not be possessed nor owned. Conflating property rights with collectivism is a signal you are losing your sanity. A brain (if you have one) is not a property. It's a brain. Demanding state-guaranteed rights is a collectivist behavior,whether your state is 'local' or global. |
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Anyone an idea about what triggered this mass buy?  3d MACD crossed, bots buying Probably just a load of orders triggered at 500. Still feels like a pump and dump to me. Again. (EDIT: I mean 450) Forget it strawbs ..  |
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