Hey, I just realized. I have 0 LimitCoins. I'm Rich. Lets go to Vegas. It's on me.

OK, I got it.

Have you thought about that ?

If everyone can only have 22 Million and everyone already has 22 Million, the moment you spend the first transaction, you'll give someone more than 22 Million. so, actually there will be a possibility of 22 Million * 5 Billion or so.

Then, with the ∞ divisibility, one could become infinitely wealthy.

I'm not following your thought process here. Maybe a better explanation.

Currently our wealth is 22M-X especially with an ∞ divisibility. Without a root basis point of a satoshi, measuring up is useless. Measuring down as in your example 22M-X makes more sense. The apparently agreed solution to attrition is to divide further when necessary creating a new basis point yet to be determined. I disagree with this solution but I'm nobody.

If however, I follow your thought process. You give everyone 22 Million VC units to start. May I ask, how do you distribute them and to whom?

Interest is another way of saying Entropy.

Fractional Reserve banking in of itself is not bad. People running it, might make it seem bad. Without FR banking, banks would have to charge you to hold your money, they wouldn't pay you interest. (lol, not like they really pay you interest anyways).
Plus they got a little out of hand with their leverage amounts for FR Banking.

Decentralized diversification as far reaching as possible is Nature's way. It gives one or many the best chance at surviving for the longest possible time. Unfortunately, this doesn't bode well for governments. Originally, our United States was such a system. 50 petri dishes doing their own thing but providing for a common defense and system of commerce. If one petri dish was failing the other petri dishes learned from the mistake. If one petri dish flourished, the others followed suit.

Internet organization CAN follow nature's way. The key is setting up the system for a common defense and system of commerce with the now added need for effective communications between organizations/entities. Sending 'encrypted' messages is like sending up a flare saying: "Look over here." So in order for a system of such to communicate, there would need to be a method of indoctrination to communication protocols at different levels over a period of time that prohibits the effectiveness of infiltration into these organizations. Such organization exist. We know one of them a the Masonic Lodge.

In order to attract members, the Charter of any said organization must be laid out and plainly stated and strict adherence to its bylaws must be maintained. Power of the organization must never be concentrated in any one entity or group. It would more be like a swarm. Ironically another organization is similar, Anonymous.

Hmm... Seems like history does repeat.

"• [BUSINESS SECRET] – a libertarian networking project that should change the world."


Shh... The Skull and Bits organization is secret. Except when it secretes.

NOT TRUE.


  In fact, 100 bitcoins of holdings from 'the beginning', has earn you one heck of an interest rate. Saving coins seems to be better than lending coins without the added risks. (Might not always be true though). Satoshi could sign the int and end it all.

OP-

   Scenario 1:

                 You have a $20 bill but want 20 $1 bills and then want to take the $1 bills and turn them back into another $20 bill.


   Scenario 2:

                You are altruistic and like being part of something.

   Scenario 3:

                Refer back to Scenario 1.

Following the Yellow Brick Road will lead to Satoshi. The NSA is very good at following roads but they aren't to good at going through a field of poisonous daisies.

In any case, is 20 years up so I can finally sign the int?

Meh... Ok

It was the irrelevance of the number itself. 10 kinds of people, etc... at first glance you divide 5 get it, 5 don't get it. Same with 4, 2 get it, 2 don't get it.

Better yet would be: There is 1 kind of person that gets binary, the one that does and the one that doesn't.

LOL, I guess you missed it.

You've made a point that I've made before. Sending encrypted data is sound a horn, hey look at me. That's why you send your grocery lists in encryption. Sending visible encrypted data that appears as non-encrypted data sails by without notice. The down side is the time for encrypting a 'non-ecrypted' message can be lengthy. Time is an enemy of cryptography. If you can't encrypt it fast enough, it's useless usually. Same with decrypting, if it takes you 10 years to decrypt a message, the original message is useless.

Deterministic OTP's can be very useful. The base (any easily ready material, Bible, PowerBall, etc...) can be used as a base for creating an ∞ amount of OTP's

One Time Pads are proven to be uncrackable. Except the Rubber Hose technique, but even then a OTP could decrypt into many messages depending on how it was encrypted. Rubber Hose decryption = "Nixon did it", and the real decryption = "Obama did it".

In California, drive a Tesla.
In the mid-states, drive a F-150 Lariat.
In the North East, drive a Mercedes.
In Florida, drive a golf cart.

Oh, and pay for diner.

Wouldn't that be 4 kinds of people?

Are you planning a transition out of Admin?

I thought you had already picked a group of people to act as Treasurers and Trustees etc... for this purpose.

Not that I want to do it, I don't. Not worth the headaches.

Good Luck tho... knock on wood.

Im transferring from one source to MTGox... <--- IS an external Wallet.

Plus, this can be normal if no fees were used. Send an inquiry to MTgox.

I am BTC_Bear, I am CNBC News.

SSBhbSBCVENfQmVhciwgSSBhbSBDTkJDIE5ld3Mu


So seriously, you work in the media but are the source. Is that self fulfilling?

Hmm... This would probably work like a pawn shop transaction. You give the BTC to them, they give 30% of its value, but you still own the BTC. You must then make payments, if you miss a payment by 30 days or so, the BTC is then theirs to be liquidated.

Of course, you must trust them more than they trust you to repay.

100 BTC > $7000 * 30% > $2100 loan + 10% APR Amortized for the duration of the loan.

It could work. Not sure why you would do it tho... Unless you're leveraging with the USD Loan to buy more BTC... You'd have to hope for a 10% rise at least. Doable (lol).

But if there is a fall, you're in some trouble for the 'pawn shop' could sustain a 70% fall and still make money.

I responded here, because of the 'pawn shop' idea. I thought it be interesting to have a Casa Coin 1 oz. Gold Bitcoin 'pawned' at the Pawn Stars. I'm wondering if they'd add value to the gold because of the Bitcoin. If even a few bucks, it'd be good advertising.

Until the Lights go out in Georgia.

Yes, yes, why spend?  Well, you will reach a point in the curve where saving doesn't do you much good. The flow into and out of bitcoin will make more sense based on what other fiats are doing.

The Gresham Law Attack is just a consequence of time, the war comes much later on.

The biggest challenge is to increase the user base and put pressure on the blockchain to force adaptation to a large amount of transactions.

Just an opinion.