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341  Economy / Economics / Re: A Resource Based Economy on: February 15, 2014, 12:09:45 PM
It's not a matter of belief, it's the limitation of their optics. They operate under presumptions set forth by authorities without question.

Out of curiosity, how are you linking "profit" and "authority?"
Until there is a multidisciplinary correlation supporting the hypothesis that profit is a measure of goodness, it appears to be a fallacy. Fallacies are the bread of authorities. It is far too easy to falsify and support the opposite view that profit leads to pain, pain leads to suffering, and someone loses a hand.

That's such a wishy washy statement, anything can lead to pain, are you saying that the act of profit making actually inflicts pain? Can you give an example?
Howabout the obvious one. Slavery.

We're talking about free markets and voluntary exchanges, slavery is not a voluntary exchange.

How convenient to define the conversation to your arbitrary parameters. I am sure everyone in the world agrees with your worldview.
342  Economy / Economics / Re: A Resource Based Economy on: February 15, 2014, 11:42:02 AM
It's not a matter of belief, it's the limitation of their optics. They operate under presumptions set forth by authorities without question.

Out of curiosity, how are you linking "profit" and "authority?"
Until there is a multidisciplinary correlation supporting the hypothesis that profit is a measure of goodness, it appears to be a fallacy. Fallacies are the bread of authorities. It is far too easy to falsify and support the opposite view that profit leads to pain, pain leads to suffering, and someone loses a hand.

That's such a wishy washy statement, anything can lead to pain, are you saying that the act of profit making actually inflicts pain? Can you give an example?
Howabout the obvious one. Slavery.
343  Economy / Economics / Re: A Resource Based Economy on: February 15, 2014, 10:56:17 AM
It's not a matter of belief, it's the limitation of their optics. They operate under presumptions set forth by authorities without question.

Out of curiosity, how are you linking "profit" and "authority?"
Until there is a multidisciplinary correlation supporting the hypothesis that profit is a measure of goodness, it appears to be a fallacy. Fallacies are the bread of authorities. It is far too easy to falsify and support the opposite view that profit leads to pain, pain leads to suffering, and someone loses a hand.
344  Bitcoin / Press / Re: [2014-02-14] Video - Let's Get Real: Will You Ever Use Bitcoin at Walmart? on: February 15, 2014, 09:16:12 AM
For awhile I had to go into Wal-Mart to use moneygram for Bitinstant. Now I need not darken their door.
345  Economy / Economics / Re: A Resource Based Economy on: February 14, 2014, 08:37:46 AM
It's not a matter of belief, it's the limitation of their optics. They operate under presumptions set forth by authorities without question. Limiting ones measure to only profits demonstrates that only tools that measure profits are used and any other data is discarded. This is called observational bias.

Do you have an example of an objective measurement of goodness that I (and everyone other human being from the beginning of time until today) missed?

I have no doubt that you can come up with any number of subjective measurements that just by sheer coincidence happen to support your views.  Any fool can do that, and plenty have.
When you use words like "goodness" and you define them as subjective, you have already dismissed any objectivity. Measuring phenomena is multidisciplinary. There is no need to rely solely on "subjective measurements." It is easy enough to measure objective qualities of goodness. Qualities such as pleasure, nutrition and health, productivity (in general terms), social connectedness, etc. could partially define goodness. I would not interpret goodness in any moral sense, but in the overall wellness of people that tend to be generalized as good. This way we can independently measure factors that discern perceived goodness from acceptable norms. I'm not talking about a "school of thought," but demonstrable quantities subject to falsification and used for making useful predictions. This is an oversimplified explanation, but that's what science is. A truth can be told easily, but it's explanation is almost never easy when it comes to epistemological terms.
346  Economy / Speculation / Re: We have cheap coins now... so stop complaining!!! on: February 14, 2014, 07:59:46 AM
But they will get even cheaper. yay...  Undecided
This is the Saint Valentine's Day Bitcoin Massacre.
347  Economy / Speculation / Re: The Saddest Day on: February 14, 2014, 07:37:52 AM
Even if whales wanted to buy in, there are not enough exchanges to handle any volume.
348  Economy / Speculation / Re: silk road 2 hacked on: February 14, 2014, 06:49:35 AM
Let's hope the SR 2 folks turn themselves in to the authorities before their customers find them.
349  Other / Alternate cryptocurrencies / Re: The Mastercoin Foundation is awarding $100,000 in BTC for February! on: February 14, 2014, 05:41:48 AM

"Go out and build a "Database of FUD" about the Master Protocol in the various other communities, and successfully engage people spreading FUD about us. No aggressive behavior, but rather careful communication and analysis"

Really? Is this project owned by the Church of Scientology?
350  Economy / Speculation / Re: And the Downfall continues on: February 14, 2014, 02:52:43 AM
Lets see what happens when you can actually pull you coins out of BTC-e, Gox, And BitStamp. 

the Irony is that all the smack talk of being shady that BTCe has lived through they are the most legit..  coins still flowing in and out with no issues.
They did a quick wallet update the other day which was less than a few hours and the only issue they had was DDoS a few times

They've been the smartest folks in the room for a long while


I have a feeling that at BTC-E, incompetence is not tolerated and is dealt with severely. Just saying.
351  Economy / Speculation / Re: MtGox the only reason for bitcoin crash? on: February 14, 2014, 02:43:50 AM
Apple bans blockchain app
Russia bans bitcoin
Major exchanges are broken and locked down due to protocol bug discovered in 2011 that was never patched
Silk Road 2 hacked; coins stolen

am i forgetting anything?

at this point, mtgox is only a small part in the crash



Yes. You forgot all the FUDsters crawling out from under their rocks that don't know what they are talking about.
352  Economy / Speculation / Re: MtGox the only reason for bitcoin crash? on: February 14, 2014, 02:27:29 AM
Mt Gox should switch to Litecoin instead of Bitcoin
353  Bitcoin / Bitcoin Discussion / Re: Today, We all saw how weak bitcoin is on: February 14, 2014, 02:11:59 AM
Check China,  also fall the same as gox !
Noob. We are playing people like you. Big fish eat little fish. Bigger fish eat them. If you're smart you either become a very big fish or a successful parasite.
354  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 14, 2014, 01:59:26 AM
We need a sportscaster to call out the play-by-play live action during these events.
355  Economy / Economics / Re: A Resource Based Economy on: February 14, 2014, 01:13:34 AM
Quote
Because here in reality, what corporate raiders do is find companies that are inefficient and that can be broken up and the assets sold.  Sold means that someone else is buying, which then strongly suggests that the buyers are able to make better use of those assets.  Basically the opposite of waste.

Yeah, maybe i was exaggerating. That process can be a good purge.
What i was talking about is more like hostile takeovers where one firm takes over a competitor just to rip it apart.
Meanwhile, the efficiency you talk about is not directly related to the quality of the product or service the company delivers. Maximizing profits is more often than not the goal for these gutting operations.
That is for the good of the shareholders, not for the good of people in general.

See?  This is why I usually just skip over this thread.

Profit is the only objective measure of goodness that the world has.

I find it nearly impossible for you or any rational sane person to believe that.
It's not a matter of belief, it's the limitation of their optics. They operate under presumptions set forth by authorities without question. Limiting ones measure to only profits demonstrates that only tools that measure profits are used and any other data is discarded. This is called observational bias.
356  Bitcoin / Bitcoin Discussion / Re: Today, We all saw how weak bitcoin is on: February 14, 2014, 01:05:43 AM
Correction.

Today, We all saw how weak PEOPLE who use bitcoins are.

True Dat! Bitcoin is SOLID- human beings can be all wimpy and squishy though  Smiley
You are talking about long pig, of course. Meat bags filled with disgusting liquids, decaying flesh, and micro-organisms. Bitcoin is too good for them.
357  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATMs and fake money problem? on: February 13, 2014, 11:06:31 AM
They've come a long way from the days when an eleven year old could Xerox a single to get change at laundromat and buy a Coca-Cola. Not saying, just saying.
358  Economy / Speculation / Re: And the Downfall continues on: February 13, 2014, 10:39:26 AM
If we're lucky, the fudsters can scare the price down one more time to pick up cheap coins. Boy, it would be expensive if we had to pay them.
359  Economy / Speculation / Re: Where's all the optimists? on: February 13, 2014, 10:22:00 AM
We're too busy buying cheap coins to be arsed to respond to trolls and permabears.   Grin
360  Bitcoin / Bitcoin Discussion / Monopoly vs Competitive Centralization. on: February 13, 2014, 04:30:10 AM
I think a lot of people don't understand the distinction that Bitcoin brings to distributive decision making. Mathematicians hypothesize behavior models for network administrators, social scientists, and other useful arts, but they tend to work within the limitations of the parameters set forth by their theories. This isn't the fault of the scientists, it's just how science works. We always have to be wary of overstepping our optics and avoid overgeneralizing our hypotheses. This is where philosophy steps in. Bitcoin is disrupting not just our institutions based upon discrete resources, but also our faith based financial institutions.

I'm talking about the very nature of the philosophies designed by economists. Many of our financial institutions are not based on sound mathematical principles, but instead on idealistic philosophies with very little science backing them up. Because they offer little in the way of predictive modeling, they depend on authoritative regulation and administration in a similar manner as any large religious institution.

Bitcoin is a new set of optics for financial behaviors with its transparent ledger and open ended architecture. It will open up new opportunities for scientists and mathematicians to observe and hypothesize new predictive tools for the betterment of societies. One of these new tools will be large network hubs that collect large amounts of data. Without alarming conspiracy theorists, this data can be used in blind studies without any need for identifying specific subjects of study. In fact, they can be used to create the tools to provide individuals with maximum privacy yet high levels of personal financial security. An even greater opportunity for Bitcoin is how even these large hubs are also subject to an open universe of competitive models and tools. This competition will breed the best financial science models that scientists can devise rather than depend on philosophical models that only work through authority.
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