|
431
|
Economy / Economics / Re: Rollback is BS
|
on: June 19, 2011, 11:50:12 PM
|
|
Exchanges cancel orders all the time for various reasons.
If you don't like it, open another exchange. The greed on display here is disgusting.
|
|
|
|
|
432
|
Bitcoin / Bitcoin Discussion / non-profit bitcoin exchange
|
on: June 19, 2011, 11:19:27 PM
|
|
-community funded
-open-source
-all profits get reinvested in both exchange and large bitcoin development efforts
--
could be a good way to bootstrap bitcoin development in terms of being able to offer bounties, pay coders, etc and also have an open-source exchange.
|
|
|
|
|
435
|
Economy / Marketplace / Re: The Bitcoin Lottery
|
on: June 19, 2011, 04:42:02 PM
|
|
Having an accessible record of the outcome of all rolls and their associated transfers could go a long way towards having people trust that the odds they are presented with are actually their odds.
|
|
|
|
|
436
|
Other / Politics & Society / Re: This is where I stop believing Obama is possibly a rational, intelligent man.
|
on: June 19, 2011, 04:39:52 PM
|
even the most cursory libertarian analysis of the last few hundred years would show that the vast vast majority of ownership is very much tied into a coercive and violent system and was gained through some combination of force, slavery, and state+corporate power I agree with you but the reason why my answer still stands is because the keyword is record. There's no way to determine who the rightful owner is without some sort of record. If I bought a parcel of land from Alice, who bought it from Bob, who bought it from Carol, and so on, then all that is considered legitimate unless you can demonstrate that at some point it was stolen from someone, for example Carol stole it from Dave. Otherwise, the current titles can be considered legitimate. If you disagree then you have some sort of burden of proof. Also, I did mention "eminent domain" in the post you're responding to. So you can't say that I didn't already acknowledge your point before it was even made. There is ample proof and historical record that all of North America was stolen from its indigenous population through State-sponsored conquest - first the European colonial powers, then the fledgling US government itself. There is no debate about this, it is all quite out there in the open. There is ample proof that common arable fields in the UK were stolen through enclosure laws via landlords empowered by the King - often in open armed conflict with the peasants. Your desire to rely on written land contracts that specify transfers from person to person as an unbroken chain is a nonsensical invention, as much of the land stolen from those that had a natural right to it (through mixing it with their labor, according to AnCaps) were often not using contracts or deeds and/or holding land in common and/or had no concept of individual private property. |
|
|
|
|
439
|
Economy / Economics / Re: The Labor Theory of Money w/ regards to Microeconomics...
|
on: June 19, 2011, 04:08:35 PM
|
|
I think most people here would agree with your assertion that the injection of dollars will bring about inflation and that the use of this money to buy up worthless assets has done little but enrich state/corporate cronies
--
But, I don't think you have said much regarding the labor theory of value here. I think the labor theory of value is quite important, but I think you will find most people here would argue instead for marginal utility theory and further argue that there can be no normative theory of value -- that is, nothing "should" be worth anything -- as long as all exchanges are voluntary everything is "worth" whatever the traders agree to give each other for it and that labor is no different from diamonds or pizza in this regard.
I believe that the concept of "voluntary" is quite abused by Libertarians and especially the Austrian school in not recognizing the inherent power differentials and coercion that creep into any relationship where one is selling one's labor to another.
|
|
|
|
|
Show Posts
