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3581  Economy / Service Discussion / Re: Trading with Non-License Money Transmitters (aka lending BTC to ANYONE) on: May 26, 2013, 09:58:26 PM
Again, I feel you.  But I disagree with this:

"Were I a free man, rather than a subject of the Empire, I would be a lot better off both financially and personally."

I fear a mad max world.  

I realize there are many many things that could be better but I have faith in human kind that we will get there.  Here in Colorado we just legalized recreational cannabis for the first time in more than eighty years.  I hold that the future is ours to make as we see fit and old ways do die in favor of change.  I will not lick anybodies boot but I would gladly pay to be licensed as a money transmitter if that is what my state regulators decide I must do.

(I mine and buy bitcoin).

I think we've gone seriously off topic, but I would like to pursue this more. I'm out of time today, but I'll be back around. I am not opposed to licensing, per se, but I am opposed to the way it's done now. And I am SICK of the way our rulers use the money they steal via such schemes. Practically everything they do is either aimed at or the result of being to short sighted to avoid exactly that mad max scenario.
3582  Bitcoin / Mining speculation / Re: Are BFL Jalapeņos worth it? on: May 26, 2013, 09:34:50 PM
This whole thing is a clever scam, think about it for a minute it's common sense. If you own the hardware that gives you a 10x advantage over the competition and make tons of money why would you ever sell them for pennies on the dollar and significantly decrease your profit?

Those are simple circuits that can be mass produced at large quantities once the design is done, what's happening is they needed money to get the initial order in so they hang a carrot in front of everyone then used preorder money to fund their orders and use the resulting hardware to make a lot of money themselves. You are essentially funding their profit center with a 0% interest rate, by comparison you make the US government look smart....  To keep the mobs down, they ship a few 5 GH/s only boxes to appear legit, which is nothing but a drop in the bucket.  

They will never mass ship those higher boxes in any large quantity until a time when the difficulty makes them irrelevant.  If they were selling the 5GH for $2000 and 50 GH for $15000 then i would at least give them the benefit of the doubt they are legit and focused on hardware sells.  The price they are asking is just a clever way to fund their own hardware.

We have so many smart people here, cant believe most dont realize this. I guess btc does make you go blind...

I keep seeing this, but I've seen nothing about the network jumping massively, except with ASICMiner, who were out in the open.

Now, I do believe them to be at best a bunch of liars, and at worst the long con, but I don't think it's about mining bitcoins. It's more about selling the promise of shovels. Miners, whether dirt or digital, are always a small minority of the general interested population. More short term money is to be had from SUPPLYING (or fleecing) the miners. The ones who strike it rich don't mind, the rest get stuck. (Full disclosure, I pan gold. Not real good at it, but broke even on my hardware long ago) Smiley
3583  Economy / Economics / Re: Billionaires hate Bitcoin. on: May 26, 2013, 09:27:22 PM
Those that went out and earned it, probably would like bitcoin.

Not necessarily.  Even if you look at the philanthropy by these billionaires you'll notice often that the use of public funds is either a contingency or ultimate goal.  Again, billionaires benefit from the status quo.    Bitcoin disrupts that and the power they hold.

Billionaires also benefit from playing the risks and knowing, or at least correctly guessing, when the status quo is no longer ante Smiley
3584  Economy / Service Discussion / Re: Trading with Non-License Money Transmitters (aka lending BTC to ANYONE) on: May 26, 2013, 09:25:18 PM
I empathize with your sentiment.  However those of us who have families and don't want to live on the run as a cowboy-outlaws should probably stick to the rules.

*sigh* Where possible, and to the extent I must. I have a family. Were I a free man, rather than a subject of the Empire, I would be a lot better off both financially and personally. The "rules" are put in place to keep all of us producing for a class of "people" (using the word VERY loosely) who seem hell bent on destroying everything I value.

Eventually, all of us who wish to remain human are going to have to do more than bitch. I'm almost there.

In my youth, a lot of my friends went off to foreign lands, had a good time, but were eager to come home. In the last 15 years, about half of them left on vacation and never came back. The Empire is failing, badly. It's superficial entertainments (bread and circuses) have ceased to be enough. If you have ambition, you will be shut down. If you care about other people, you will be shut down. If you don't lick their fucking boots, you will be shut down.

It's time to leave. I just don't know where, yet. I am hoping that bitcoin will be part of my exit strategy, as until converted it cannot (yet) be considered income.
3585  Economy / Service Discussion / Re: Trading with Non-License Money Transmitters (aka lending BTC to ANYONE) on: May 26, 2013, 09:15:50 PM
sublime declared treason in a pm to me, which I will not post here.  He is neither registered as an MSB or a money transmitter, just like tradefortress above.  I wonder how many other rule breakers will come and attack me as if I am the one in the wrong... let's see!!

Hey Sublime, do you pay taxes on those profits you earn in your boat business and one the side bitcoin exchange?  Just curious.

You are in the wrong. Not that you are likely INCORRECT, but morally? Regulation, outside of the meaning of "like for like" or equal measure, is just plain immoral.

In my arrogant opinion, being called a criminal by the Imperial Court United States Government is a badge of honour.
3586  Economy / Service Discussion / Re: New Asics selling site on: May 26, 2013, 09:06:19 PM
Thanks, but at the rate new sites to sell pre-orders are popping up, it seems like it would just be better to make a new site and sell pre-orders, than to actually have the mining equipment on hand to make bitcoins.

LOL.

How many of them are scammers?

I have some nice potential beach front property in Arizona to sell also. California will fall into the ocean soon !


 Grin

Nah. California is WAY to evil to fall. When the big one hits, everything east of the San Andreas fault will drop into the atlantic.
3587  Bitcoin / Bitcoin Discussion / Re: What happens when the US makes crypto-currency illegal? on: May 26, 2013, 09:03:47 PM
I would almost posit that you cannot be both a citizen and a human.

Is a ''citizen'' the same as a ''human''?

If the correct answer is ''no'', then you cannot be both a human and a citizen at the same time.

Let me give you an example: is a ''lampshade'' the same as a ''human''. If the correct answer is ''no'', then certainly you cannot be both a human and a lampshade at the same time, can you?

I would like to hear from people (i) believing they are both humans and citizens or (ii) believing a human is the same as a citizen.

Well, you already got my opinion, but just to firm it up:

No, I do not believe you can be a human and a citizen. To be a citizen is to ABDICATE individuality, which is a fundamental condition of humanity. You are either a human, or something rather less.
3588  Bitcoin / Bitcoin Discussion / Re: I am NOT 100% Convinced Bitcoin Is Money... on: May 26, 2013, 08:48:31 PM
Or perhaps, Bitcoin is not compatible to gold, or fiat, because Bitcoin is a new class of its own. Really it isn't as it does not work in any way like the currencies preceded it beyond the analogs of physical gold mining built into it and the ability to spend it for goods and services as a bartering medium.

Barter>Metal>Fiat>Crypto



I am willing to entertain that idea. It still parallels fiat more than gold.
3589  Bitcoin / Bitcoin Discussion / Re: What happens when the US makes crypto-currency illegal? on: May 26, 2013, 08:37:07 PM

Got any candidates? (Not snark, I mean it. I hate what the USA has become. It doesn't even resemble the nation I grew up in, and I am only middle aged.)

Although I agree significantly, I'm not really completely convinced that the US has ever been all that angelic.  The Vietnam war and the Latin American activities which transpired during at least part of my early lifetime were pretty repulsive.  It is true, however, that the spoils of our 'activities' have been more evenly distributed in times past.  Of course that does not excuse morally wrong activities, but it does add incentive to not wish to participate.  And as sure as eggs are eggs, an increase in income gap brings with it the need for enhanced internal security apparatus.

The Assange thing knocked Sweden way down no my list of interesting options and elevated Ecuador to near the top.  As best I can tell the actual people of Ecuador themselves had some understanding of the Wikileaks/Assange details, and support their government's actions.  To me this says a lot about the people.  Like most folks though, I've mostly thought about such thing and have made little concrete action.



Agree thoroughly with the 1st paragraph. I too am old enough to remember the Southeast Asia War games. Was very young, but old enough to remember. But the domestic police state and it's broad acceptance is pretty new. Kids didn't get arrested for having a plastic steak knife or a heated argument when I was a young adult, let alone a kid. Hell, most of us brought our rifles to school on the opening day of hunting season as late as 1980 in Wyoming.

Now, SAYING that could get you arrested.

Land of the free, my Cherokee ass!
3590  Bitcoin / Bitcoin Discussion / Re: What happens when the US makes crypto-currency illegal? on: May 26, 2013, 08:28:55 PM
Literally, someone who lives in a city.

Someone (human?) living in a city (densely populated area / building saturated area?).

Then if a human lives in a rarely populated area / building unsaturated area, such a human cannot be a citizen (therefore is not a citizen)?

Well, having done both, I would almost posit that you cannot be both a citizen and a human. To live in a city requires so much loss of self/autonomy as to fundamentally alter you.

But, yes, the original meaning did exclude the rural folk. It's an old, largely useless concept, and in its modern/Roman conception, anti-human.
3591  Bitcoin / Bitcoin Discussion / Re: What happens when the US makes crypto-currency illegal? on: May 26, 2013, 07:23:22 PM
Hi Bitcoiners,

At some point in the not too distant future, the government of the United States will figure out that Bitcoin is a very high risk to its Hedgmony. (See http://en.wikipedia.org/wiki/Hegemony, Alan Greenspan loved this word.) The United States will make cryto-currency illegal because it will threaten the government's form of money (Federal Reserve Notes). Something similar happened on April 5, 1933 with Executive Order 6102. (See http://en.wikipedia.org/wiki/Executive_Order_6102). History tends to repeat itself.

Those who disobey the upcoming Executive Order or new law will learn what truly backs a Federal Reserve Note, that is, the force of its military and growing internal police state.

What is the solution to prevent the United States government from implementing such an action against cryto-currency?


move to a real country . . .

Got any candidates? (Not snark, I mean it. I hate what the USA has become. It doesn't even resemble the nation I grew up in, and I am only middle aged.)
3592  Bitcoin / Bitcoin Discussion / Re: What happens when the US makes crypto-currency illegal? on: May 26, 2013, 07:20:40 PM

Do you actually have any evidence there are such mysterious objects in this universe as citizens?

Do me a favour and tell what a citizen is factually.

A citizen is an undead cartoon of a human, an enslaved payer of protection money to the state/church mafia, farmed in monogamous pairing families.

This is an opinion. I asked for facts. I wanted him to tell me what a citizen is factually.

BTW, I find your opinion on what a citizen is 99% in concordance with mine  Grin

Literally, someone who lives in a city.

I mostly agree with the above opinion as well. Through no choice of my own, I am a subject of the Empire, but I refuse to bend the knee so far as to be called a citizen.
3593  Other / Politics & Society / Re: How do you deal with the thought about taxes on: May 26, 2013, 07:13:32 PM
My point exactly, Anarchism is atheism in regards to politics.

and Libertarianism is agnosticism.

Depends on how far you take it. The libertarian that follows the party, yeah. The Rothbardian or SEK3 version is most definitely anarchic.
3594  Bitcoin / Bitcoin Discussion / Re: I am NOT 100% Convinced Bitcoin Is Money... on: May 26, 2013, 07:10:17 PM
Bitcoin is digital gold. Is gold money? No. So bitcoin is not money.
Gold is not "money" in the usual meaning because it lacks certain essential and practical features. Bitcoins solves that (and more).

Otherwise you can also say: Dollars are bits on a bank's server. Are bits money? No. So Dollars are not money.

Anyway:
I don't know why people are talking about this still, Evoorhees nailed it.
This.

For all of you who missed this, here's Erik's excellent article once again: http://evoorhees.blogspot.com/2013/05/bitcoin-2013-role-of-bitcoin-as-money.html?m=1 ← Read this!

I have to take issue with this. The 'standard' definition of money has been Aristotle's for more generations than the very concept of fiat.  To whit
Quote
Within such frame work, Aristotle defined the characteristics of a good form of money:

1.) It must be durable. Money must stand the test of time and the elements. It must not fade, corrode, or change through time.

2.) It must be portable. Money hold a high amount of 'worth' relative to its weight and size.

3.) It must be divisible. Money should be relatively easy to separate and re-combine without affecting its fundamental characteristics. An extension of this idea is that the item should be 'fungible'. Dictionary.com describes fungible as:

"(esp. of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind."

4.) It must have intrinsic value. This value of money should be independent of any other object and contained in the money itself.

Gold meets all of that. Little else does, bit coin included. It misses on part 4, as despite its decentralized nature, it IS a fiat currency. A novel approach, but still...
3595  Economy / Economics / Re: Billionaires hate Bitcoin. on: May 26, 2013, 06:53:01 PM
*sigh*

"the rich hate/love {insert current bullshit}"

"the poor hate/love/are oppressed by {insert current bullshit}"

There is no monolithic entity called "billionaires". It's merely a statistic. People are people, as diverse and dichotomous at all levels. I've know poor folk who didn't give a shit about anyone and rich folk who were trying their damnedest to improve humanity and the living conditions of the many. And vice versa.

There are some very specific rich people who love bitcoin. There are some very specific rich people who hate it. There are a bunch of rich people who don't give a shit, and a bunch more that are interested but essentially neutral.

How a man got to be a millionaire/billionaire will tell you a lot more about where he stands on most any issue than the amount of his wealth. Those that went out and earned it, probably would like bitcoin. Those who inherited it and are living off their daddy probably don't care. Those that stole it (banksters/politicians and such) would very much hate bitcoin as it is potentially a threat to their rapine.

Careful mate, common sense and rationality aren't strong points of bitcointalk.


Or any other fora. I wish I understood stupid better. Stupid people are unstoppable.
3596  Other / Off-topic / Re: Best Music to Listen to on Drugs Guide <<OFFICIAL>> on: May 26, 2013, 05:33:29 PM
Dont take any drugs , dont put your health in danger, seriously

Ok, I'll be sure to stay away from penicillin, antihypertensives, NSAIDs, caffeine, antihistamines such as Diphenhydramine, disinfectants, topical antibiotics...

Making blanket statements makes you look like a ftool.
3597  Bitcoin / Bitcoin Discussion / Re: What happens when the US makes crypto-currency illegal? on: May 26, 2013, 01:55:05 AM

Again with the "living document" horseshit.

No. It. Is. Not.

It's at best a contract, and a contract CANNOT be unilaterally altered. It has within it provisions for making a change. Those provisions DELIBERATELY make it very difficult to change.

The constitution is difficult to change, but it can change (there have been 27 amendments), and those changes are a reflection of our societies views at that point in history.  

How exactly is that not a living document?
that is an AMENDED document. Under the living document argument, it means whatever the PTB say it means (read Oliver Wendell Holmes, I believe he coined the term).
3598  Bitcoin / Bitcoin Discussion / Re: I am NOT 100% Convinced Bitcoin Is Money... on: May 26, 2013, 01:51:34 AM
Operatr, you are an idealist. I know my tribe  Wink
3599  Bitcoin / Hardware / Re: Off-Topic on: May 26, 2013, 01:39:40 AM
Have a good weekend, Amir. I have been watching you in the Klondike thread as well. So far I am cautiously optimistic. Though I think KnC might beat you to market.

I haven't been in the game long enough to be totally jaded yet. Cool
3600  Bitcoin / Bitcoin Discussion / Re: What happens when the US makes crypto-currency illegal? on: May 25, 2013, 10:38:25 PM
the one thing all Americans should agree on is Constitutional rules are the ones which ultimately matter.

I agree with that, but would add the caveat that the Constitution is a living document, and the rules within changes and grows with our society.

Again with the "living document" horseshit.

No. It. Is. Not.

It's at best a contract, and a contract CANNOT be unilaterally altered. It has within it provisions for making a change. Those provisions DELIBERATELY make it very difficult to change. You and your heroes in Washington have made a mockery of that. As Spooner said, If the constitution does not PREVENT the sort of government we have, OR if it ALLOWS the government we have, then it is unfit to exist.

If it can be changed by the will of the government, or ignored at their will, then it is, as GWB, just a goddamned piece of paper.

Jefferson was wrong. Evil is NOT necessary. Further, enshrining it as something sacred and giving it power and legitimacy is just plain stupid,
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