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Twitter update.

This is going to have bigger implications than we can imagine.

This notion of "arbitration firm" will require coercive force totaling at-least the biggest party in the agreement; leaving the minor party the weakest and vulnerable to coercion from both the "arbitration firm" and major party.

The intentions of "major party" and "arbitration firm" underpin your whole argument.


[Rant]

Further to me "arbitration firm" is an "institution", an will require a "coercive payment". This actually shows that coercion arises from the selfish nature of agents that occupy all three parties. Major and minor parties know that both parties will on average behave in a selfish manner therefore there is the need for arbitration, but this arbitrating party also puts itself at risk therefore requires compensation. For any "fair transaction" to occur then an arbitrating party will always be necessary.

Eureka! To me this shows that no matter what practical ideology you have there will always be coercion/coercive payment........ To coercion arises because of the selfish nature of agents. Not because of guns, muscles, etc, but intentions.

The coercive potential of a party is defined as:

C.P(party) = Strength(party) * Intention(party);

Lets assume that Strength(party) is a measure of energy/mass.

Therefore given two parties Party(1) and Party(2) with C.P(1) and C.P(2) respectively and lets assume for "human interactions" to work there needs to be an arbitrator with C.P(arbit.) equal to max(C.P(1),C.P(2)).

Now approximate the cost of arbitration by the size of Strength(Arbitration-Party) and use this as the "taxation cost".

So given that

Taxation = Strength(Arbitration-Party) then
Taxation = max(C.P(1),C.P(2))
Taxation = C.P(Major-Party)
Taxation = Strength(Major-Party) * Intention(Major-Party).

But lets assume that we live in a universe where the Major-Party will take from the Minor-Party if Strength(Major-Party) > Strength(Minor-Party), then
Taxation = Strength(Major-Party)

Interpretations

Taxation can be reduced by a more altruistic intention.

Reduce the cost of taxation by shaping parties intentions.

For arbitration to be effective in a universe containing only selfish agents, taxation needs to be equal to Strength(Major-Party).

Notes

The intention of Arbitration Party is expected to be fully altruistic and fulfill its role as Arbitrator.

http://www.urbandictionary.com/define.php?term=pissing+kool-aid

This is how I describe statists.

We've already seen the results of unregulated capitalism in this country at the beginning of the 20th century - with workers earning just barely enough to survive, paid in company scrip that could only be redeemed on overpriced items at the company store.

I don't see how anyone could argue in good conscience that we should go back to that unless the only things they've ever read on the subject were highly-biased works by stuffy economists with a vested interest in ignoring or discounting the suffering of regular people. You owe it to yourself to read books from more diverse points of view. I'd recommend you check out The Jungle by Upton Sinclair. It's old enough to be in the public domain, so you can read it for free: http://www.gutenberg.org/ebooks/140

And wikileaks is largely a psy-op.

Wonder why they never cover anything damning regarding the US or the UK?  Just tabloid stuff but for enemies of NATO they release more groundbreaking stuff.  Google the Cass Sunstien and his connection to wikileaks for starters.

They'll never use bitcoins too risky. They want cash. How would they turn bitcoins into cash without the transaction being tracked?

Russians are extremely interested:
1) Ease way to move money. Even high corruption level did not help with avoiding high taxes and fees in that field anymore. At list for regular citizens.
2) Way to save money. Instability of Ruble is known, and regular citizen have no even a bit of trust in government regulation of it. 1998 year was harsh, and will not be forgotten for next 30-50 years (next 1 or 2 generations).
  2a) Russian citizens cant trust the dollar, for their savings - that paranoia is in our genome. Looks like it good practise (my own paranoia  ).
  2b) We see, that for unknown reason Russian government trust dollar to much, and that makes us more suspicious to our government and                   dollar both. ( Russian mentality always counts government like somebody who wants to cheat you. And, of course, you should answer with cheating  government when possible, but this is another story).
  2c) We cant trust in euro, because it is wired to tight with IMF (and they wired to $).
  2d) We cant trust in oil prices, because oil prices are instable.
  2e) We hardly can use gold, diamonds and precious metals, - they are overtaxed (Prisons here are not so comfortable).
3) Opportunity for FREE (relatively) money. Price of electricity  is steel low, relatively to European country's.
4) We just like to try something new (well, you should not be surprised - 1917, 1991 as fresh examples).
5) We are ambitious and lazy together. I am doubt that you will find any Russian immigrant  working in some dumb  house cleaning business more than 5 years after arriving in new country.

Well, there is always something else. Maybe i am mistaken somewhere. Feel free to discuss.

Sorry, but here the price of silver is 824€/kg... What's the weight of a bitcoin? 1oz or 1kg?