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741  Bitcoin / Bitcoin Discussion / Re: [Sci-fy topic] Searching bitcoin's intrinsic value... on: November 02, 2011, 12:28:11 AM
If an entity controlled most of the land and demanded rents higher than the value of their land, people might just teleport (break down and re-replicate) their buildings to somewhere with lower rents. The oppressive entity would starve itself - a sustained effort would prove very expensive, especially once foreign powers see the opportunity to attack. IMHO the whole matter = energy thing makes emergent monopolies of force less likely and would probably be smaller too.
http://en.wikipedia.org/wiki/Race_to_the_bottom

I'd also like to point out that in economics, land refers to the location, not the topsoil. You wouldn't trade a handful of dirt; you would perhaps trade shares of a corporation which rents out surface area and spends some of the proceeds to defend it.
http://en.wikipedia.org/wiki/Land_(economics)

While mind uploading is not yet possible, human time and labor will remain scarce too. Just because one has a replicator doesn't mean he wants to operate it himself. Perhaps a day of labor might earn you a year of relaxation!
742  Bitcoin / Bitcoin Discussion / Re: [Sci-fy topic] Searching bitcoin's intrinsic value... (best post gets 1 btc) on: November 01, 2011, 06:22:29 PM
yeah haha, you took it to the next level, good imagination, but didn't actually respond to one or two questions in the first post  Tongue

Could it be a problem?
No, scarcity IS the problem.

What would I use as a store of value?
Artificially scarce goods, land, and computers.

Could Bitcoin be our Latinum?
Possibly, but I'd think of it more like the Federation Credit since most people wouldn't need much.
743  Bitcoin / Bitcoin Discussion / Re: [Sci-fy topic] Searching bitcoin's intrinsic value... (best post gets 1 btc) on: November 01, 2011, 03:40:45 PM
I think what you describe would be a practically post-scarcity society. In such a place, the main source of value would be goods with artificial scarcity, like Second Life items and Bitcoin. If the cost of energy is significant, then it would be a good source of value too, so people would trade in joules stored somehow.
http://en.wikipedia.org/wiki/Post_scarcity

Land would also retain its value, since the total mass of the Earth (and hopefully density!) would remain unchanged. Land owners could rent the area as smart property to facilitate rapid land-backed transactions. You can just break an improvement down into energy to move easily, so switching costs would be close to nil.
https://en.bitcoin.it/wiki/Smart_Property

My guess is that by the time this happens, people might become "uploads", having scanned their brains and emulated them on computers. In this case, computing power would be the greatest asset.
http://en.wikipedia.org/wiki/Mind_uploading

If this is sci-fi enough, I'm 13K6ukroqbAcajtNezR4G8w94DyX96kVMK
744  Bitcoin / Bitcoin Discussion / Re: Why are so many people Anti-Bitcoin? on: October 31, 2011, 08:21:30 PM

Bitcoins are not anonymous.

Sorry, as long as I keep hearing this, I will repeat... "Yes they can be". Otherwise, great speech! 8D

It's the best of both worlds - you CAN make them anonymous, but you can also prove that an address has been paid.
745  Bitcoin / Bitcoin Discussion / Re: Why are so many people Anti-Bitcoin? on: October 31, 2011, 08:09:12 PM
I know no one wants to admit it now, but some of you have spent tens of thousands of dollars on hardware to "mine" bitcoins.  There are people who bought into the idea of bitcoins @ $28 each, then bought more at every step downward.  Those people are victims who were led astray by this community.
Very very few people here care about it's viability as a currency: they just want to get rich quick.

These are the exact same people.

Considering BTC is priced in fiat money and fiat money begins and ends every BTC transaction, I don't really understand how it's an alternative.

I think you're being a little hyperbolic when you say every BTC transaction. I too suspect that it's mostly currency speculation right now, but we can never tell for sure what it's all being used for.

And by control you mean trusting a mysterious third party who developed this whole thing, then trusting money changers to convert your fiat money into some kind of electronic form, then trusting the exchanges to not just disappear with your money or bitcoins, then trusting that the difficulty never gets so low that a real blockchain attack could through the whole thing into disrepair, then finally trust that a vendor who accepts your bitcoins won't just vanish with them because you cannot prove that your bitcoins went to someone else (yay anonymity).
Mysterious development: You don't need to trust Satoshi, you can check the code and compile it yourself. Or if you lack those skills, you can find a trusted party to do it for you.
You can exchange with anyone. If for some reason you trust me, I will sell you Bitcoins.
Bitcoins are not anonymous. If you're worried a vendor will deny payment, get them to sign their receiving address so you can post a block explorer link proving you paid.
746  Other / Off-topic / Re: I.Goldstein's charity ponzi on: October 31, 2011, 01:25:06 PM
Matthew, since this is what you do for a living, please post your supervisor's phone number.

What would be hilarious is if I responded with Atlas's phone number.


lol I'm glad you take this as seriously as I do Wink
747  Other / Off-topic / Re: I.Goldstein's charity ponzi on: October 31, 2011, 01:01:29 PM
Matthew, since this is what you do for a living, please post your supervisor's phone number.
748  Other / Off-topic / Re: I.Goldstein's charity ponzi on: October 30, 2011, 07:32:48 PM
I personally believe all pure chance gambling should be illegal, but since like poker this is a game of skill where you interpret the actions of others it is a little less problematic.

If only pure chance games were illegal, would people just add some teensy unimportant skill element to otherwise pure chance games?
749  Other / Off-topic / Re: Self-referential poll on: October 30, 2011, 04:48:12 PM
Here's a fun article:
http://en.wikipedia.org/wiki/Superrationality

I assumed most of you would employ similar strategies to my own.
750  Other / Off-topic / Re: I.Goldstein's charity ponzi on: October 30, 2011, 03:57:27 PM
"Mr and Mrs Goldstein! Hello, my name is Matthew, I'm with the South Korean police and I've been reading your son's posts on the internet. DID YOU KNOW your son is unstable and makes all these UNTRUE claims about unrecognized imaginary internet money?

No, I haven't formally opened up a case, I've just been reading these forums on my own time...

Well YES, I am a grown man. Wh...

Now you hold it right there. I MAJORED in child psychology! I can diagnose your kid with...

Hello? Hello? DAMMIT I WILL CALL INTERPOL ON THESE ABUSIVE PARENTS!"
751  Other / Archival / Re: delete on: October 30, 2011, 06:05:18 AM
I think that would be a fun read! You should post the log here if you do it.
752  Other / Meta / Re: The Case against Solidcoin, and it's place on bitcointalk.org on: October 29, 2011, 12:20:00 AM
IMHO the best bet is to just move it from "alternate cryptocurrencies" to "off-topic". I don't think we should ban/scamtag suspected socks unless an admin confirms identical IPs, like checkuser on Wikipedia. I just don't want to see some epic conflict that the media would portray as infighting.
This is reversing what was done previously. Solidcoin was moved from Off-Topic to Alt Cryptocurrencies.

Ok, so let's reverse what was done previously and move it back. It's not a cryptocurrency. It's a Paypal-like online payment system.
753  Other / Meta / Re: The Case against Solidcoin, and it's place on bitcointalk.org on: October 28, 2011, 11:43:09 PM
IMHO the best bet is to just move it from "alternate cryptocurrencies" to "off-topic". I don't think we should ban/scamtag suspected socks unless an admin confirms identical IPs, like checkuser on Wikipedia. I just don't want to see some epic conflict that the media would portray as infighting.
754  Alternate cryptocurrencies / Altcoin Discussion / Re: A Declaration of War to Solidcoin on: October 28, 2011, 12:49:39 PM
Why bother? SolidCoin is fatally flawed and it will die on its own. Let's just focus our energy on providing useful services and software for Bitcoin.

Wars are for governments.
755  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: October 28, 2011, 12:34:45 AM
On a note, there seems to be a LTC selloff going on on BTC-E...

I can't conceive someones motive in engaging in that but the hashrate already seems affected and the next difficulty adjustment seems to be down!  Shocked

What gives?  I thought the whole idea of the cpu intesivity was to allow BTC miners the ability to mine simultaneously. Why aren't we seeing that in the hashrate.  Now we see a difficulty drop.  Time to panic and sell? 

There are other CPU cryptocurrencies, they could be mining those for now. The only reason this doesn't happen with Bitcoin is because it's got so much inertia already. Eventually merged mining will solve this, so I wouldn't panic... But don't trust anyone's speculation on this forum.  Roll Eyes
756  Economy / Service Announcements / Re: [ANNOUNCE] Bitcoin Fog: Secure Bitcoin Anonymization on: October 28, 2011, 12:06:36 AM
If you're worried about honeypots, you can reduce your risk by using multiple anonymity services in series. If at least one works as advertised, you should be OK.
757  Bitcoin / Bitcoin Discussion / Re: Casascius phishers demanding a ransom on: October 27, 2011, 10:57:15 PM
It's not THAT clever... Some day the market cap will be so high, and laundering so effortless, that scum like this will even use Bitcoin when kidnapping human beings. I'm sure I'm not the first one to realize this.

I realize Bitcoin has the potential to bring much more good to the world, but early on this was hard for me to accept.
758  Other / Politics & Society / Re: 9-9-9 on: October 27, 2011, 05:37:15 PM
You continue to make the confusion that if you think the spending is wrong, then the tax must be wrong too.  

On the other hand some confused people think that if the spending is right, then the taxing (theft) must have been right too.


No that's not confusion.  If you have decided to spend money, you will have to raise the money.  Taxation is one way of doing that.

I don't disagree that taxation is a way of raising the money.

But so is a Great Train Robbery.


You'll find it very hard to get elected on a platform of spending money that is raised by robbing trains.

That's an appeal to popularity, it doesn't resolve ethical problems. Not to say it proves you wrong, but it doesn't prove you right.

Sorry but if a more popular way of paying for public services than taxation comes along, its going to happen.  There is no ethical issue here - once you decide to spend money it has to be raised and the method is whatever the electorate will tolerate.

Just so I'm less confused, are you talking about "is" or "ought"?
759  Other / Politics & Society / Re: 9-9-9 on: October 27, 2011, 05:32:45 PM
When a poor man invests in a bicycle to increase his wealth, he's taxed regardless of outcome. When a rich man invests in stocks, he's only taxed if he profits.
Huh?

If you view the bicycle as an investment to buy and resell later, then the poor man can claim a capital gain or loss on sale.  If he claims a loss, he would pay no taxes on it, and could potentially offset prior or future income with said loss.

Otherwise, a poor man pays no taxes on the purchase of a bicycle (except sales taxes in some states, but talk to the state governments about that).

If you're talking about the money that was used to purchase the bicycle, well, think about it.  The poor man would have received money from a job he worked, paying taxes on it (or maybe not if he had enough deductions).  The rich man would have received money from prior investments, which he did pay capital gains taxes on.

So what's your point?  How are you correct in what you said?

I am including sales taxes, such as the federal sales tax proposed by Cain. I didn't mean to imply that anyone would sell the bike, just that it would be a means of increasing future wealth.
https://bitcointalk.org/index.php?topic=49883.msg594593#msg594593
760  Other / Politics & Society / Re: 9-9-9 on: October 27, 2011, 12:57:27 PM
You continue to make the confusion that if you think the spending is wrong, then the tax must be wrong too.  

On the other hand some confused people think that if the spending is right, then the taxing (theft) must have been right too.


No that's not confusion.  If you have decided to spend money, you will have to raise the money.  Taxation is one way of doing that.

I don't disagree that taxation is a way of raising the money.

But so is a Great Train Robbery.


You'll find it very hard to get elected on a platform of spending money that is raised by robbing trains.

That's an appeal to popularity, it doesn't resolve ethical problems. Not to say it proves you wrong, but it doesn't prove you right.
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