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61  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2016, 02:25:55 AM
62  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2016, 02:24:27 AM
I smell rocket fuel.
63  Economy / Economics / Re: A Resource Based Economy on: January 27, 2016, 12:12:17 AM

How will RBE deal with decision-making, and how the decisions get enforced, i`m looking for a good answer here?

Can you give an example of what you are looking for?

I`m curious how the RBE system will handle decision making. As in how will governing decisions be made, in order to keep the system transparent and decentralized.


If you cant answer that, or there is no feasable and applicable way to do that, then my gut feeling will become true, and this RBE will quickly turn into a Stalinist global totalitarian government.


If you can't implement a feasable way for transparent decision making, and a participatory voting system where you involve the average person into the economy and politics, then the system will quickly become totalitarian and the TPTB will assume control, and the system will become very ugly, very soon.
My definition of "feasible" is based on experimental psychology. Organisms behave according to stimuli, pleasure, needs, etc. Your "Stalinist" pejorative belies your education and/or bias. The problem is they tried to make Marxist ideas into a political system. Higher organisms don't become "political" until they respond to "others" outside their immediate family/group. RBE seeks to allow people to treat everyone like their own family/tribe. The principles have been studied and tested by science and have shown to have predictable results. Many clinicians and organizations use these techniques and it's simply a matter of scale.

There is nothing to enforce. The alternative of not becoming an RBE is extinction as a species. The eventual culling of the population will demand it.
64  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 26, 2016, 04:32:16 PM
I was thinking that an ideal way to eliminate spam would be for the miners/nodes to agree to not process txs that use a fee lower than 10 cents. We'd probably go down to 200-600kb blocks right away (depending the load) with plenty of room to spare - and probably everything would go in in the first block. But having prices in USD doesn't work in terms of code (which deals with BTC fractions).

It's all price controls and cartels with you, isn't it?

It's about game theory and economic disincentives in order to defend against system(+atic) abuse. If you read the Ethereum link provided above, you'll see some subtle criticism against bitcoin for leaving the abuse disincentives (fees) to be ...determined by the free market. Litecoin also didn't leave the abuse prevention fees to be determined by the free market: The imposed a fee patch. Monero also saw first hand the effects of a bloat attack and raised fees.

As you can understand this is not about me.

If you made a coin tomorrow, and someone started killing it for the lolz, you'd patch it up with some kind of fee increase / block restriction. Common sense.
Who's qualified to determine those fees, Alan Greenspan?
65  Economy / Economics / Re: A Resource Based Economy on: January 26, 2016, 08:52:58 AM

How will RBE deal with decision-making, and how the decisions get enforced, i`m looking for a good answer here?

Can you give an example of what you are looking for?
66  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2016, 05:05:30 PM
Only down 6%? Doesn't the world know we can't scale yet? Huh
Bitcoin will scale someday. It will take AI miners and developers to take the drama out of the equation. They will solve the engineering issues for us.
67  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2016, 03:39:02 PM
Viral Video Creator Sues Over 'Honey Badger Doesn't Give a Shit' Merchandise

Quote
The allegedly infringing greeting cards—apparently manufactured under Papyrus’s “Recycled Greetings” brand—are invariably formulaic and deeply, deeply unfunny.

“It’s Your Birthday!” a honey badger appears to say. Within, the heartbreaking revelation that Honey Badger don’t give a shit.

 Grin
You mean the guy that dubbed over and infringed a documentary about the honey badger?  Shocked
68  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2016, 02:35:32 PM
Bitcoin as global currency. Locally regulated and exchanged digital currencies will organically emerge. There's your scalability roadmap.


i am not sure how ?? we are still arguing over scalability.. and the argument has become more complex with more versions of bitcoin.. looks more like a big giant clusterfuk .
You don't need to know how. That's how "organic" works. Bitcoin doesn't need to buy every coffee, nor does anyone really need to use it. The blocksize argument is only a short-term adoption solution. Altcoins are the obvious and most popular solution to adoption overall to date. Exchanges have always and will always take Bitcoin. It's just that simple.

This is a single view that is frankly bizarre, only recently have statements like these become commonplace. Bitcoin was always going to record every transaction.
If it's so bizarre, then why are all the banks developing blockchains and there are thousands of experimental coins? I have been saying this all along. Local currencies will be regulated with violence and the anarchists can't do anything about that.
69  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2016, 02:33:06 PM
Altcoins are the obvious and most popular solution to adoption overall to date.

Save us, BBQ Coin, you're our only hope!
There are thousands to choose from. Ask your local regulators which one you are required to register for.
70  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2016, 02:21:06 PM
Bitcoin as global currency. Locally regulated and exchanged digital currencies will organically emerge. There's your scalability roadmap.


i am not sure how ?? we are still arguing over scalability.. and the argument has become more complex with more versions of bitcoin.. looks more like a big giant clusterfuk .
You don't need to know how. That's how "organic" works. Bitcoin doesn't need to buy every coffee, nor does anyone really need to use it. The blocksize argument is only a short-term adoption solution. Altcoins are the obvious and most popular solution to adoption overall to date. Exchanges have always and will always take Bitcoin. It's just that simple.
71  Bitcoin / Bitcoin Discussion / Re: Apparently Chinese Mining Pools are sticking with Core! :) on: January 21, 2016, 02:01:13 PM
China's inertia is always their undoing.
72  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2016, 01:48:50 PM
Bitcoin as global currency. Locally regulated and exchanged digital currencies will organically emerge. There's your scalability roadmap.
73  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2016, 01:09:55 PM
Now is an opportunity to take advantage of China's inertia. Fork them.
74  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2016, 05:45:37 AM

Here's what going to happen. Fees will go up. A little. A tremendous amount of stupid spam and crap transactions will be forced off the chain. People who actually have a reason to use it will pay a bit more. Over time, improvements will be made in capacity and throughput, allowing for further growth.

The sky will stay up there. You can put the umbrella down now.


The sky may stay there, but it will become toxic with all the alternate blockchains sucking out all the oxygen value.
75  Economy / Speculation / Re: Warren Buffet advise not to buy bitcoin. Expect bitcoin price to collapse. on: January 21, 2016, 05:40:44 AM
Notice buffet hasn't told anybody what to do with their money in 2016...

Maybe he is secretly investing into bitcoin. But this might be against his advice. He does not see cash flow from bitcoin.

If Buffet would invest in bitcoin, believe me that he would say all the benefits it possesses. Only by speaking greatly about bitcoin, he would make its value rise from several %. He actually is very listened in stock markets.
Not likely. He files a 13F and will not publicly disclose his Bitcoin holdings until he feels it's time to sell.
76  Economy / Economics / Re: Why do people keep saying BTC is dead?! on: January 20, 2016, 11:52:00 AM
After watching "The Big Short" I understand now that there is nothing off the table for banks to maintain the status quo.
77  Bitcoin / Bitcoin Discussion / Re: Washington Post Writer Says People Loyal to Bitcoin are "Greedy and Stupid" on: January 20, 2016, 10:08:54 AM
"When you point your finger, three fingers point back to you." - old adage
78  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2016, 05:13:52 AM

Is there any current silk road for regular people, or does a person have to be savvy with technicals?   Or let's just say people in the USA who may want to buy prescription drugs, but not have to pay USA prices... ?
I don't know about silk roads, but there are there are real roads if you live near Canada or Mexico.
79  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 19, 2016, 06:56:53 AM

Actually Lightning could use any cryptocurrency in place of bitcoin. Or even multiple cryptocurrencies, with some (or all) nodes and hubs doubling as currency exhanges.  That would let users choose the combination of speed, hashpower, and transaction fees that best suits their needs.  

That would introduce security issues. There is no evidence that other cryptocurrencies could stand up to the same level of attacks Bitcoin has successfully withstood. If you are using LN, then you wouldn't benefit from the other altcoin transaction specifications anyway.
80  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 18, 2016, 07:54:31 AM
You made a declarative statement. Do you care to explain why you say "I could like it again if it somehow returned to the original plan -- with 10 times as many users perhaps than it had in mid-2010" and "I cannot like the monster into which it has mutated." What has changed that you don't like?

I wrote that too before: it became a pyramid investment scheme and a tool for crime. 

Both developments were bad for mankind, and it is hard to tell which one will be more harmful in the end.  But the first one also ruined the technical experiment: it attracted a horde of scammers and unsavory characters, encouraged hoarding, created volatility that all but destroyed its usefulness as currency, made mining into a fabulously lucrative industrial activity that was inevitably centralized, gave birth to Blockstream and their plan to sacrifice bitcoin's original goal to the spurious goal of inflating the price, and more...
Well I can't argue against that being a Resource Based Economy devotee. All I can say is that this speculation phase is temporary. I don't know why you think such a small economic tool has any significant effect on global crime, but in principle perhaps it is actually decreasing overall crime by showing that crimes can't always be covered up by big banks.
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