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1821  Economy / Economics / Re: Has anyone made a comfortable living only investing in crypto trends? on: August 09, 2014, 12:33:59 PM
These people do exist but they need a lot of money to process volume and they need computer bots / scripts to day trade for them. .  but it's still not fool proof.
1822  Economy / Economics / Re: Solution to poverty - Socialism or Capitalism? on: August 09, 2014, 12:27:16 PM
The market cannot be ignored or you end up with a failing war communism or the article I posted about revolutionary Catalonia.

Regardless a lot of the root issues we see at the moment isn't due to capitalism but from accumulation, inflation and regulatory-tyranny.

 If someone is homeless in the United States then they get put into a homeless shelter or they sleep in some back alley.  If someone is homeless in Africa or the Middle East then they build themselves their own home.  The irony is if today laws were present back in the 1890s then some civil bureaucrat would deem all those farm homes to be "illegal constructions".


1823  Economy / Economics / Re: Technological unemployment is (almost) here on: August 09, 2014, 12:41:03 AM
By the time robots remove most manual labour most white collar work would be gone too.

Sure It's easy to replace truck drivers as they drive on a static circuit of roads which never really changes.  

It's another to replace something like a plumber who has to navigate through obstacles (conduits, underneath buildings, ladders, et cetera) in an unmapped strange environment and then constantly problem solve.  You'll sooner see legal software replace most paralegals and lawyers.  Likewise software and rudimentary robots which can replace General Physicians and Nurses.






1824  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: August 09, 2014, 12:16:03 AM
There are more than 48,000 on the waiting list atm. That will indeed take weeks before you get credited if they are screening each account one by one.

Current stats: https://www.stellar.org/stats/

yeah , that is amazing .... 48'000 wallet  in less 2 days xd

It really is, especially considering that there are only about 500000 active Bitcoin users :O

Conservative estimates are more like 1-2 million persons using Bitcoin.

Facebook authentication can be easily gamed.  For years Blackhat hackers have been selling stacks of verified Facebook accounts for money and even for likes.  Facebook officially admits itself that up to 10% - 15% of its' accounts are blatantly fake and some other estimates suggest 20%, those are the sort of the accounts which are gaming the give away.

Besides that's actually a trivial thing when considering Stellar-Stripe ("SS") controls a 96% of the total supply and somewhere like 93% of all tradeable Stellar.   That allows them to easily manipulate the coin to all ends and they're going to come out of this very wealthy.  The peasants are excited to have 500 - 10,000 Stellar while Stellar-Stripe has 5 billion plus any additional coins they've probably bought since launch.


1825  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: August 08, 2014, 10:13:05 AM
Keeps decreasing the free distribution amount, its hardly fair. Its not as if they are running out of Stellars, they are holding onto most of them anyway.

Seems the initial relatively higher giveaways were just to hype it up.

It was a 99.7% premine days ago and I think it's now 99.6% as they've given out 400 million now.

The issue here is if you keep only giving out $10 (or less), and the capitalization continues going up & up, you eventually reach a plateau as the amount given out decreases (eventually down to 5-10 stellar per signup) and thus they'll be sitting on that premine forever.

1826  Alternate cryptocurrencies / Altcoin Discussion / Re: Does anyone else ignore coin threads that contain "PoW" ? on: August 08, 2014, 10:05:27 AM
I'd assume all but the get rich quick newbies (ie suckers) avoid 99.9% of the Ann threads.

True but your point being..?

A lot of people blind buy on the exchanges
1827  Other / Politics & Society / Re: State Atheism on: August 08, 2014, 09:55:30 AM
There are a few Atheist churches in the world. .  where people congregate for service. .
1828  Other / Politics & Society / Re: ISIS executes 1,500 Iraqi POWs on: August 08, 2014, 09:40:48 AM
Doesn't matter if the Kurds are Sunni or Confucian.  This has nothing to do with religion.

The ongoing conflict is not an Arab-Iranian conflict, but a Sunni vs Shiite conflict. The Sunni Arabs are fighting against the Shiite Arabs. So it has everything to do with religion.

It's the continuation of Arab-Persian going back 1500+ years.  Kurds are to Iranians as are Bavarians to Germans.  Arabs don't like Iran or anything to do with Persian history.

Right now the Iranian revolutionary guards are fighting alongside the Shiite Iraqi army. So that argument is wrong.

There were Arabs who sided with the Persian Empire in ancient history.  Mesopotamia (Iraq) was Zoroastrian under the Persian Empire and they were fighting against the initially Pagan and later Islamic Arabs.

This has nothing to do with religion.  It's a continuation of a 1500+ year old war between Arabs and Persians.  The "Shiite" Arabs are really just the descendents of those Arabs who sided with Persia a long time.  Much like Sunni ISIS (Arab) is fighting Sunni Kurds (Kurds who are descendents of Persia)



It's politically correct to write this all off as a religious thing when there's many atheists, people of the same religious branch, Christians, and secularists fighting and they're either picking the side of the Arabs or the Iranians (religion isn't the conflict here). 

There's the whole Caliphate thing among ISIS but that's state level rhetoric and probably an element of revanchism to restore an Arab Empire (not sure whom they are blaming the fall of the Arab Empire on but it's probably been scapegoated on Jews, Shiites and Christians.  When the real source of the decline was due to the succession crises which occurred in Arab dynasties, in part because of too many male offspring due to multiple wives and dynastic violence was tolerated as well.  So you often had good heirs that were murdered by jealous less competent rivals).





1829  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Doge coin is bad on: August 08, 2014, 09:21:07 AM
Doge spent all its' money on Nascar and now it's dead.   Cry
1830  Economy / Economics / Re: Solution to poverty - Socialism or Capitalism? on: August 08, 2014, 08:47:01 AM
There's no such thing as a "socialist traits" with a plural S.  Socialism if we break it down is just the idea that workers control capital.  The Soviet Union was state capitalist as everything was a government industry and you as a worker had no control over anything, unless you were one of the bureaucrats.

The most pure form of socialism would likely be Syndicalism (where committees and unions, often direct democracy, control capital) and Syndicalism only occurred once in history in Bracelona during the civil war in Spain.

http://en.wikipedia.org/wiki/Revolutionary_Catalonia
1831  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [AИN] NODE - Official Discussion Thread! Distributing the coins! on: August 08, 2014, 08:16:08 AM
NxT hasn't it even recovered to the $80-$110 million capitalization it had in early 2014 and you think it will hit $1.  

This was purely due to BTC price that were close to $1,000 back then. There have been a lot of swings. LTC was over 1 billion dollars market cap 6 months ago ($40  per LTC once) . It's down to 200 to 300 million. Peercoin was #3 for a long time (as high as $7 pre PPC), it's slowly on the down trend.  Nxt still has the best chance to make it top -- better than anyone else. Lets see how Node does, but it's no threat to Nxt -- not even close.


It wasn't $1200 or $1000.  By February, before NxT dropped, BTC was around $750 to $850 range.   This number nitpicking is besides the point as the real point (abstract) is that NxT hasn't maintained parity with BTC or better yet grown (NxT's capitalization has stagnated and lost real value).


By the way I was using NxT in 2013 (and early 2014) and NxT functionality / build back then was worse than NODE's current version.


1832  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [AИN] NODE - Official Discussion Thread! Distributing the coins! on: August 08, 2014, 04:34:49 AM
NxT hasn't it even recovered to the $80-$110 million capitalization it had in early 2014 and you think it will hit $1.  



NxT is slowly dropping to $40 million and could hypothetically return to the $20 million it was back in April.  Even on the NxT official forum, in their price speculation thread, people there aren't bullish and are concerned about whether the coin has a future due to a lack of new users coming in (the culprit they claim is most people are scared off by NxT's distribution, which is rightly so).




 
1833  Economy / Economics / Re: Solution to poverty - Socialism or Capitalism? on: August 08, 2014, 02:46:58 AM
Warlords?  What is your point again?  If you don't pay your taxes then armed men with guns will take you to prison.
1834  Other / Politics & Society / Re: Breaking: Obama considering airstrikes in Iraq on: August 08, 2014, 01:34:23 AM
The headline is false.  Apparently there's confirmations on twitter that aircraft is already flying and bombing in Iraq.  ISIS social media is saying its' taking huge causalities from bombardment.


It somewhat echos what the US media said when the US was redeploying its' Navy to the Black Sea and sending help to the Ukrainians, the help was sent before it was even announced as 'being considered'.

It makes me wonder if the US military is the Kwantung Army.  It can do whatever it want and Obama has to accept it. The Kwantung Army was a Japanese Corp which invaded Manchuria without the permission of the Japanese Diet (democratic council), the Diet was forced to accept it and the Kwantung army soon became the de facto ruler of Japan.
 
1835  Other / Politics & Society / Re: ISIS executes 1,500 Iraqi POWs on: August 08, 2014, 01:30:56 AM
Doesn't matter if the Kurds are Sunni or Confucian.  This has nothing to do with religion.

It's the continuation of Arab-Persian going back 1500+ years.  Kurds are to Iranians as are Bavarians to Germans.  Arabs don't like Iran or anything to do with Persian history.

By the way the Arabs often dislike Turks too, they've been going after what few Turkic people remain in their lands as well.


1836  Other / Off-topic / Re: Why I Support Mars Colonization on: August 07, 2014, 08:52:47 AM
That's actually a labour problem more than anything else.  It's already possible to live in the desert - it's called living underground or pitching a tent near a water source.  It also an economic issue - nobody wants to be impoverished in the desert so they'ld need jobs.


http://en.wikipedia.org/wiki/Coober_Pedy

Coober Pedy could be the world's first underground city due to necessity.  If the Australians extract the oil near by then it's hypothetically possible you could have 50K people living in underground caverns.  It's an interesting town as it is and it could be bigger in the future.
1837  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [AИN] NODE - Official Discussion Thread! Distributing the coins! on: August 07, 2014, 08:41:21 AM
Yes there will be a bunch of weak hands who'll dump as soon as it enters the exchanges.

Have to remember there is a lot of impatient people who just want quick cash, broke teenagers in developed countries and then people in developing countries where $100 is a weeks' income.
1838  Alternate cryptocurrencies / Altcoin Discussion / Does anyone else ignore coin threads that contain "PoW" ? on: August 07, 2014, 08:39:54 AM
I sure have and haven't regretted it since making the decision.  New PoW coins all seem to die as they get dumped by the professional miners (the hardware kings) who are more concerned about short term profit than long term holding.
1839  Economy / Speculation / Re: Back over $600 again, here we go? on: August 07, 2014, 08:28:55 AM
Sell in May and go away is an old saying.  There'll probably be a rally in the autumn.

1840  Economy / Economics / Re: You work your butt off, and a rich dude does nothing and gets rich - how? on: August 07, 2014, 08:24:45 AM
It's too soon to make any definite conclusions on real estate prices.  I have a feeling when most of the boomers run out of money (as most people do not get defined pensions anymore) or die from old age, there'll be a lot of them dumping properties at the same time and nobody will be buying as most Generation X and Y are broke.  There isn't enough Starbucks sipping Yuppies to buy all the homes that'll flood the market.   That means a $500K equity becomes $100K overnight.







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