Right. It would be so awesome to live in a lawless country where the equivalent of wallet hacks and exchange hacks and all the other crazy stuff in the bitcoin community were pervasive to the entire society.
Do you realize that we have governments all over the world and thefts are happening left and right? (In most cases by the same people that has promised to protect you). |
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is theory is wrong in my opinion, but its application does some short-term good in a highly controlled economy where the national currency is the only one the market can use and credit issuance is centralized, and therefore deflation results in a lack of liquidity due to the lack of alternate currencies.
What Keynes missed is that government inflation solves a problem caused by centralization of the economy, but that it promotes the very centralization that caused the problem in the first place by increasing the role of government in the economy. Very well said. |
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I agree, but I think a fork is coming anyway. "Bitcoin" is tainted and unless something dramatic happens, well on it's way to being the Lawn Dart and Ford Pinto of 2011. I think as far as I and most merchants are concerned at this point the Politicals are welcome to it. At this point there is no reason to fight for deckchairs on the Titanic. Merchants process- not invest. Since we don't keep our assets in Bitcoin and don't have any legions of Bitcoin customers awaiting us, we have no reason to board a ship full of unfriendly passengers that is taking on water. We'll stand on the dock and see if you sink  If Bitcoin stays afloat, and the media is comfortable with the politics, we can come to terms with the politicals later, but to be honest I'd prefer to have another fork with a clean name I did not have to defend to my clients. Look at EFF- and more will come, no one wants to "run the Bitcoin banner up the flagpole and see if anyone salutes" anymore. Crypto-Currency is here to stay, it's not like losing one version of it will matter much in the long run. Call it a prototype- lessons learned. Honestly I feel ofended by your tone here. Tainted? Tainted by what? A ship of unfriendly passengers that is taking on water? Bitcoin is at the moment the most succesful alternative currency of the last 100 or 200 years. That might have something to do with the ideas that founded it (and its ok that you dont understand them, I was a social-democrat until I was 27). Now, it is true that we need more merchants on board and it is true that its going to take some time and efforts. But it is not the politics behind the community that is creating the problem, its the very same nature of the currency. Its the part that you dont really understand about monetary policy (and this is ok, Im ignorant about a lot of stuff, life is short) that is making Bitcoin successful while at the same time is worrying a lot of people at the top. Both things are unseparable. Dont take this the wrong way, but I feel you dont undertand how a currency system works, specially regarding the nature of Bitcoin. A decentralized and pseudo-anonymous fork will have the same problems with the politicians and other critics that Bitcoin has, no matter the political ideas of the people behind it. And if the "fork" is not decentralized (it wont really be a fork then) it will just be another Paypal system, and I dont think there is much market for another competitor. How are you going to make a fork with the characteristics that make Bitcoin great, but at the same time without those same characteristics because it worries some people? At the end, p2p file sharing also worried a lot of people at the top, they fought it, but it is here to stay. Because of its decentralized nature, nobody could fight it. Now everybody listens to more music and the bands have seen more interest for them playing live. But at the begginning a lot of people said it would not work because nobody would go with it. Bitcoin is the same and has the potential to bring a new era of trade and welfare for everybody. You might not want to take the lead in some market, thats understandable and completely fine, but keep in mind that being the first business to operate in a new market gives you a name recognition that is a lot of times an unbeatable advantage (just check MtGox). You might not be willing to take the flag that might come your way (and again its fine, its your decission) but the person that do, will be in a great position. I have a friendly prediction for you: In the future you will regret not jumping onboard and be the first business in your sector that opens to the Bitcoin economy. |
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Great, so Bitcoin- in it's very essence, at the core of it's code is a libertarian "plot". It's bad enough we have Masonic symbols on our paper money- but you go pointing out that Libertarian/Anarchist/Anti-Establishment propaganda is "hidden" in the base CODE? What side are you on? Are you TRYING to sink Bitcoin?
Do you get that these are NOT the talking points you really wanted to put out there? That when the mainstream media like Fox gets that it's not a Drug currency- worse it's a SUBVERSIVE POLITICAL currency they will have a fricking field day?
Look, I'm sure the people that run this place write awesome code but Bitcoin has gotten beyond that. Hire someone, recruit someone corporate- anything. Keep control if you need, but get some better advice and strategy. This is not about how smart people like you guys think, you need to be prepared for how dumb people think. Jessy Kang, I liked your threads around the forum, but I think you are wrong on this one. Just for the record, I, as a market anarchist, was supporting that the bitcoin exchanges should be and actively look to be regulated ( here and here) Im a market anarchist but I am pragmatical and aware of the world we live in. Bitcoin needs the political influence, otherwise it will loose all credibility. Why? Its very simple. Bitcoin, as we all know is a decentralized currency, and the implementations of the rules rely on the majority of the network. If a big majority of the people using Bitcoin changed the rules the rules would change or at least there would be a fork and two different Bitcoin currencies, the one with the new rules and the old one. We have seen already in the forum people and crancks with weird ideas about currencies saying or even demanding that the Bitcoin protocol should be changed or otherwise it will never work (according to their more or less lunatic economic theories). If the Bitcoin project looses its heart, the sound money influence, and a majority changes its rules towards a more inflationary currency Bitcoin will start to decline until it collapses. The funny thing with inflation is that it produces a long term destruction process that its not obvious initially, so people not well versed in economics or without personal experience in a inflationary collapse, go along with it and dont realize what they have done until the collapse is happening. If we do what you are asking Bitcoin is probably doomed. Now, you are right in one thing: This forums are bad PR for the Bitcoin project. But it is not because of libertarianism. I have the same opinion that the forums are not right. For me its two factors: the afluence of people only interested in getting rich quick and a massive attack of trolls. Go check the forums when Bitcoin was starting. I was there and I can tell you it was much more civil. Now the forum lives on histeria, its even stressing. I believe that the trolls are doing their job mocking everybody, confusing people and basically getting everyone angry. This tension is transmited and we start talking to each other more aggressively. Its not good. I myself am guilty of this, and regret the tone of some comentaries I have made lately. We agree something needs to be done. In my opinion the forum deseperately needs more moderation. Specially not allowing anyone to start new threads with similar tematic as another (basically if anyone starts a redundant thread just join it together with the original one). We need to regain the civil discourse that we had at the begginning. This way people will be much more calm and the way they expose their ideas will be more paleatable to other people. |
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I'm a Market Anarchist, and that includes defense of the free market.
Property, in the way that it is perceived by Capitalists, is impossible in an Anarchist society.
I don't understand though how you can have a free market without property rights. I dont think he is talking about completely abolishing property rights. He is proably talking about some form of "weak" property rights, like right of exclusive use or similar. |
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Ok, let me try to get what's going on in this thread. OP Jessy Kang, the Madam whore who runs an SM and Bondage business(check out her website) with several "ladies" in NY is concerned that respectable businessmen will be scared away from using bitcoin because of libertarian extremist wackos on the politics forum. And that respectable and completely legal business's like hers wouldn't be caught dead using bitcoin. She is now no longer accepting bit coin for this reason. Am I getting this right so far?
Don't get me wrong, I found many of her posts excellent, and this is one of the best threads I've ever come across. She truly is an"intellectual whore". Even though I am a life long libertarian, I for one am in favor of at least moderating the politics board because other unmoderated libertarian boards I've been on have degenerated into Neo-Nazi, racist, and antisemitic playgrounds. This is just a troll. |
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Ok. So I finally got things working with LinuxCoin with persistance in my test computer. But when I rebooted my mining rig into LinuxCoin it started to load it and then hang with a black screen.
Is there a problem with installing LinuxCoin in one computer with a determined hardware and then move it to a computer with different hardware?
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The currency is unstable because it is a small market. Look at any small market and you will see similar stuff. It hardly has to do with being open 24hours a day.
But maybe I am wrong and you are right. If you really feel like a non 24hr exchange market is the way to go you can open one and maybe you will find out that a lot of people think like you and will use your service.
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We're lazy nerds doing this for fun. If it works, that's good enough. CSS is hard and boring.
LOL, have you actually seen the syntax of CSS? Its as simple as it gets in web design. CSS might not have complex syntax, but it is boring and over-engineered as hell. |
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There's a fair amount of libertarians on this forum, so I guess this question is not completely out of place here: how does libertarianism handle the problem of externalities? I'm thinking in particular of problems such as acid rain (some of the younger ones may not remember this, but it used to be a serious problem in Europe and the US back in the 70s and 80s, though the situation has largely improved since the introduction of strong regulations on sulfur emissions from power plants), or a more contemporary example like CO2 emissions and their role in anthropogenic global warming.
Feel free to point me to some external resource that you feel presents a good libertarian solution to this problem. I'm genuinely curious.
In addition to what bitcoin4cash has linked I want to point that when pollution started to be an issue in the USa people naturally went to the courts to sue the ones that were polluting their property. And the courts where handeling it. Its common sense. But the government got in the middle, took away the environmental property rights from the people, promising it would regulate and take care of it. The regulatory system has obviously lead to a corporate takeover. If environmental property rights were applied the BP gulf oil fiasco would have never happened (and even in the case it would have happened BP woold be bankrupt now and the people compensated). |
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USWest is not working for me. I had to change to USCentral.
I seem to choose the server that will fail next. I was in UK first and it went down, changed to NL1, and then when it starti failing changed to USWest, which is the one failing now... So proabably the next one failing is USCentral. You have been advised...
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I wish I had never left my money on mybitcoin... Used the same password as my mtgox... Stupid? Yes, very stupid. I won't divulge the exact amount, but it was pretty substantial as I am one (was one?) of the early adopters. Happened at 10AM this morning, coins went to this address: 1MAazCWMydsQB5ynYXqSGQDjNQMN3HFmEu  Anyone else in the same boat? Just looking for some people to commiserate with... Sorry to hear that. |
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yeah, like telling them at what speed they should screw him over .... if he's lucky.
Lie down with dogs and you get fleas.
If he's not doing anything illegal why should the regulators get involved at all? Governments need to be reined in, not encouraged to expand ... has no one been paying attention recently? You are right, but we live in the world we live. I dont think there are other options. Governments are going to get into Bitcoin related companies whether we like it or not. Its not a choice, its just a matter of how and when, so you might as well look for the best "deal" (and yes, its going to be nasty and governments are not going to play "fair"). Lets be realistic: One exchange going heroic and figthing against the system is not going to acomplish anything. Probably its going to be contraproductive because it will give bad press to bitcoins. Let them regulate the exchange so people have a easy way to get into bitcoins and we can fight the system from within. |
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Donald Norman from bitcoin consultancy sounds like he is fast getting out of his depth. He mentions in one breath about the genesis block referring to "bailouts for banks" and in same interview unashamedly is asking for UK regulator assistance to run his Britcoin operation ... one conflicted individual.
I am a market anarchist but I think its good that they want regulation of the exchanges. How can that be? Some people will distrust bitcoins, and some others will try to attack it. By seeking to be regulated they are shielding themselves from this types of attacks. Also, its not like the governments were going to let them be. Governments were going to go for them anyways at some points, so you must as well do it on your own. And remember that Bitcoin is imposible to regulate, they are just regulating the exchanges. Btw, I am still shocked that Peter used the concept of intrinsic value when he knows very well instrinsic value does not exist. |
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Lol, the CNBC reporter thinks that Bitcoin is primarily based in the UK and Europe.
I know. There are a couple more fuck ups in that video. But that is what you get for watching mainstream media. |
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It has been mentioned before in this thread, but if you are using unetbootin to write the ISO to the flash drive, you need to edit the syslinux.cfg file in the root directory and add "persistent" to the first append line. Unetbootin overrules the boot configuration in the ISO and uses its own.
The step by step sequence that I've been using is:
1) plug new flash drive into a linux box (an existing one, or write the linuxcoin ISO to a CD and boot that for this step)
2) find the device name, and unmount it if it automounted.
3) use fdisk to create 2 partitions. Partition 1 is 1GB, type "b" or "c", active. Partition 2 is all remaining space, type 83, not active.
4) use mkfs.ext4 to create a filesystem on partition 2 (probably /dev/sda2 or /dev/sdb2)
5) plug the drive into a windows box
6) go to disk management, format partition 1.
7) use unetbootin to write the ISO
8 ) edit syslinux.cfg
9) remove the flash drive from windows, boot the new box with the drive.
Optional steps if you are doing a lot of boxes:
10) accept the AMD license
11) install ntp
12) copy over my startup and restart scripts (generic versions with CHANGEME as the worker name)
13) shut down, boot from the CD again, and use dd to clone this prepared drive onto other drives
Why do you need to format from windows? Why not use unetbootin from linux also? |
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The only way for an inflationary currency to work is impose it using violence.
absolutely untrue. they just have to become the standard currency somehow, violence being one way. in fact, the first inflationary currencies were NOT imposed by violence. gold smiths took gold on deposit for receipts, which became currency. guess what happened. Ok, this thread is officially retarded. Enjoy. |
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There would be still be demand for their value as transactional tokens. Presumably you agree they are useful for that. If not, what exactly are they for? Currency is a medium of exchange. Gold for example is scarce but although this makes it highly valuable it isn't used for international trade. The dollar is. I thought bitcoins would be extremely useful for global trade, you think I'm wrong in thinking that?
Ok, stop pissing off and be honest. The dollar is only accepted because the USA government imposes it by force. Ive seen enough of this. IOm done. Go and start your own currency. |
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you are already proven wrong.
currencies are accepted today even though there is inflation. Is this a joke? Inflationary currencies are being accepted because the government forces them. The USA had three central banks before the Fed. Everytime they lost the monopoly on money imposed by the government and they tried to stay in business they went bankrupt. Dont tell me that people accept inflation voluntarely, people are forced to accept inflation. built-in devaluation as is proposed here is just an "honest" form of inflation, i.e. you don't see the value of your money decrease, but you actually see your money decrease.
there isnt much difference, acceptance-wise. Yes there is, because people know that this currency will lost value if they hold it so they will just drop it until nobody accepts it. The only way for an inflationary currency to work is impose it using violence. But please, start your own currency and prove me wrong. |
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