|
If AI can do every job a skilled and creative human can, you've got a lot more to worry about than your naughty bits.
--
I agree that automation doesn't nec hurt workers, but it doesn't nec help them either under the current arrangement, as most of the profit from that productivity gain gets captured by the super-rich. If we lived in a different socioeconomic system, I'd be a lot more excited about advancements that allow productivity to be gained, because then it is much more liekly that people will actually have the choice to work less and maintain a basic standard of living - eg the mythical world where the dripfeed essentially provides you basic shelter and food for next to nothing and one can build on top of that.
|
|
|
|
|
You need to more specifically layout your assumptions about how many Ghash you will be able to build for every X dollars, why you have the technical expertise to run a small farm of computers, what your assumptions are about future difficulty increases, what your cooling costs are in a hot state, why you think mining at a cost of XX/kwh is going to be profitable when people can mine at YY/kwh etc etc etc.
|
|
|
|
On a side note, Camp BX is the only exchange that supports both Market and Limit prices. As you start trading more, you will find this feature indispensable.
I like CampBX (see my sig!) but this is not nec. true. VirWox for example offers bother market and limit orders. Also can a mod move this out of newbies section, especially if this is to become the official CampBX Q&A thread? |
|
|
|
Our argument is actually that Bitcoin is neither money nor a currency. I haven't got much feedback on our Bitcoins = Zynga Poker Chip argument but if anyone would like to read our position you can find it at http://btcsportsbetting.com/is-it-legal. I think it is an interesting argument. I don't think idle speculation on a forum will help you clarify it though. What does your legal counsel say? Could be an interesting precedent to set. Linden Labs obviously did NOT take this argument -- but Linden Labs has a huge vested interest in being able to take US credit cards. Honestly, the argument that online gambling is legal from the US if you are using BTC is less interesting to me than the fact that for those companies that want to ignore US laws, BTC effectively completely eliminates the chokepoints of dealing with processors. No more large fees to pay or long waits for transactions and no more central chokepoints for frozen funds. Honestly, I forsee a major bitcoin exchange getting shut down well in advance of any gaming operation being shut down. It took years before the DOJ finally cracked down on FTP and Stars for example, and that seems more because they had reached the point of buying their own banks to be able to move around rather than offering play to US customers (which the DOJ doesn't seem to care about). One of the interesting things is that the DOJ has openly said they were most concerned by the fact that the actions that FTP/Stars were taking to circumvent UIGEA were creating a "black hole" for money launderers. That is it wasn't the circumvention of the law itself that was of primary concern, but that in doing so they were creating all these pots of money moving around with inaccurate transaction codes, etc etc. Bitcoin of course is one large black hole. Which is why I expect to see action by some government against an exchange at some point. |
|
|
|
If you're in Costa Rica, why do you care about US, France and Italy laws? Do these governments have agreements with the Costa Rica one to hunt you down or something? Because maybe they want to step foot in those countries again? Because maybe they want to pursue licensing games to US based corps (as mentioned). Because maybe they want to build a company and go public someday? Because maybe they don't want to take the legal risks associated with UIGEA as the US govt is showing an inordinate amount of interest in cracking down on online gaming at the moment? Not saying I agree with the reasoning, but until you are the one taking the legal risks, try not to be so flippant about the risks others may choose to take/not take. |
|
|
|
The issue is the redistribution of wealth that has been acquired through force, without this a Canarchist society would rather quickly evolve into feudalism.
Yes, that is why asking how existing wealth should be dealt with is one of my litmus tests for whether or not I think that an anarcho-capitalist is serious about building a better world, or whether they are just arguing for an intensification of the status quo. |
|
|
|
Other casinos have an easier time, because their payment providers do the heavy lifting to prevent US transactions (which, btw, is actually what the law is about: Payment transactions for gaming involving US financial instruments, not the gaming itself). With BTC, while it's arguable that our site never touches the US banking system, we think it's best for the currency and for the long-term survival of our site to do everything in our power to respect the spirit of US law, rather than trying to argue our way around it.
You mean their payment processors do the heavy lifting to allow workarounds for US players to /be able/ to get money onto their site  As a US-based player I am of course biased (though the swipe at people that can figure out proxy servers but can't figure out how to lobby their government was a bit of a low swipe. Many US players have been involved in lobbying and other efforts), but I am eagerly looking forward to the growth of more casinos that are either actively using bitcoin that don't care about US gambling laws (like bodog, etc) or ones that are ready to argue that since bitcoin avoids the US banking system that UIGEA doesn't come into play. BUT I certainly respect your stance, given that you personally and other partners are the ones shouldering legal liability and definitely applaud the stance of going through verification before taking someone's money, rather than before giving it back -- thanks for your transparency and honesty in this thread. Sportsbooks have always been the primary target of the DOJ, so it is interesting to me that both of the major bitcoin sportsbooks have no problems taking US money. One that just ignores the regulations, the other is making the argument that it doesn't violate US laws because bitcoin is an internet currency. |
|
|
|
|
you can start a fire well before the cards will shut off. especially in a crawl space like that. can't you just steal electricity from a neighbor or something?
|
|
|
|
|
well perhaps it is about interrupting someone's profit, but the large swings possible because of the long time to readjust difficulty could really leave NMC open to huge vulnerabilities as even more miners move in and out. There should be some sort of 24 hour adjustment period if the "instant difficulty" strays too far from the last difficulty. I agree that "secrecy" isn't the way to fix this problem (and merged mining will fix it, if that goes through) but it is still a problem above and beyond and miners profit concerns because a huge mining exodus leaves the network so vulnerable
|
|
|
|
|
This is why I think that a SE site maybe not the best idea. SE has historically had a very specific audience (programmers), only recently branching out, and anyone that finds the site now essentially just sees a frozen site where they can't ask any questions....
|
|
|
|
Adam Curtis's documentaries are all good The Century of the Self The Power of Nightmares The Trap — What Happened to our Dream of Freedom All Watched Over By Machines of Loving Grace http://en.wikipedia.org/wiki/Adam_Curtis |
|
|
|
The progressive dream is becoming a reality. The state will control everything, for your own good obviously.
Hopefully more people like you will refuse to comply, its the only way it will stop. Im in Europe too and wont comply if implemented in my country.
Using the police state against undocumented immigrants isn't a progressive dream. It's a plan being pushed by the far-right in every country where it is being implemented - including across the US and Europe. Progressives generally argue for more open borders. I'm sure that they love you in the little world that you live in, but this one doesn't really look anything like that one. Huh? Nearly every European country seeing a resurgence of the far-right, it has been with strong anti-immigrant rhetoric leading the platform. From Sweden to Austria to Germany to France etc etc etc http://www.telegraph.co.uk/comment/telegraph-view/8014466/The-rise-of-the-far-Right-Europes-worrying-trend.htmlYou do realize that any libertarian worth their salt is for 100% free and unrestricted borders, don't you? |
|
|
|
I don't think a lot of you realize that things aren't expensive forever.
Except energy. Which has been extremely cheap for about 200 years and now will start getting more expensive for the rest of your (and my) lives. |
|
|
|
Sorry but your theorizations, models,and datasets don't hold much water when taking into account factual information from real events.
ok. you win thread. |
|
|
|
|
yeah we def need more established SE users to join up....
|
|
|
|
So if a network of comparable size to that of bitcoin miners instead devoted itself to generating addresses, they could feasibly get ~1 trillion/sec. This would get a collision in ~38,000 years. Not bad, but a lot sooner that the obscenely huge numbers posted in the thread.
Sounds profitable |
|
|
|
|
ah, look at that tremendous fiscal responsibility under Reagan!
|
|
|
|
|
Why would you link to google searches? Where is this common practice?
If I click a link that says "Bitcoin Clients" I expect to get a list of clients, not get redirected to a search. if I wanted to go to google and search for "bitcoin clients" I would have done so.
Just remove the forum link altogether or something, the unannounced google search link is bizarre and feels passive aggressive.
|
|
|
|
|
Show Posts
