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1861  Other / Politics & Society / Re: Who is More Evil? on: August 06, 2014, 12:59:20 PM
North Korean concentration camps?  I hope that sarcasm because it's documented that China has plenty of forced labour camps themselves, with millions in confinement and they're political prisoners.

There's the US prison labour population which makes sweat shop goods.  
1862  Other / Politics & Society / Re: Federalization : Good for Ukraine but bad for Siberia on: August 06, 2014, 12:25:37 PM
What Moscow wanted for the rebels is not what the rebels necessarily want for themselves.  The rebels thought a token uprising would get them annexed like Crimea and they would get all the freebies (increase in pension and reconstruction funds).  Instead Russia wants them to remain in Ukraine and get federated.


Reality is, after reading on this subject for tens of hours, Moscow won't fully support the rebels due to

1.  Strelkov and his gang.  There's a weird combination of Stalinists and reactionaries who don't like liberal democracy in Russia and many of them dislike Putin.  Someone literally hanged a Brezhnev portrait outside of Strelkov's office (which is ironic as Strelkov plays dress up as a white reactionary and he has religious Cossacks and some Muslims backing him).

2.  Muslim insurgents supporting the DPR which creates an awkward situation.

3.  Threats of sanctions by EU


The situation for Russia is actually as good as it gets.  If Ukraine is occupied with the rebels and/or goes bankrupt, it won't press for Crimea to be returned and Russia wins.
1863  Alternate cryptocurrencies / Altcoin Discussion / Re: Ether or Stellar ? on: August 06, 2014, 11:50:56 AM
i guess people like Stellar coz it;s free Wink

It's bait and not even worth that much.  Only $10 they are giving out (if they give out that much, many report getting far less).

Stellar-Stripe ("SS") have 5 billion tradeable Stellar versus the 300 million they traded out.  They're also sitting on a 99.7 premine being 99.7 billion out of 100 billion coins.

It's one thing to receive free coins and to dump.  It's another to buy coins as Stellar-Stripe pretty much controls almost all of it.  It's pretty much Ripple but with a free buy in which is popular with blackhat hackers with fake facebook accounts and third world people.  Many people are saying they acquired millions of Stellar by advertising to people in India to claim Stellar with their facebook accounts and sending it them to for $5.



1864  Other / Politics & Society / Re: ISIS executes 1,500 Iraqi POWs on: August 06, 2014, 10:00:47 AM
Well we can thank Bush and Blair for this nightmare in Iraq, the only liberation that happened was Western liberation of Iraq's oil supplies.

Still waiting for them to find Saddam's elusive WMD's.....

Too bad there was no liberation of the oil.  Western oil companies are taxed more in Iraq than they are in the oil producing regions in the United States and Canada.  Iraqis are also exporting oil to China and even to countries hostile to America.

How Iraqi money comes to the west is the US government makes them to overpay for obsolete military hardware or monkey model Abrams (and the juicy maintenance contracts).  Iraqi government also has to employ a lot of foreign firms for engineering and civil projects (which to be fair they can't really do themselves.  That's like the pipeline project in Libya, Gaddafi didn't do that it was technically German-Italian firms.  Much like Dubai says they want to send a man to Mars but it'll probably be American space companies doing the literal work).



1865  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Logo Voting Has Begun[Updates & Discussion] on: August 06, 2014, 09:11:12 AM
The implementation would be the jurisdiction of the ournem webmaster.  The brief outline would be:

1.  Learn about Amazon affiliate

2.  Integrate it into Ournem website.  It could be a tab called "Support NEM" next to the other tabs called the home / technology / updates / links.

3.  Supporters of NEM can encourage others on the NEM threads to use the link for their Amazon shopping.  If you really want to support NEM then just shop for stuff you need on Amazon through the link. Remind people that it's the exact same as Amazon (same prices / same interface) and that the proceeds will be used for NEM development.
1866  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Logo Voting Has Begun[Updates & Discussion] on: August 06, 2014, 08:46:51 AM
The guy I recommended for a celebrity stake, who is an internet radio pioneer, regularly talks about about his business finances and his revenue raising methods and some of them can be applicable to NEM development funds.

He uses Amazon affiliate as one source of income (and does mention encourage, occasionally, on the air for people to use the link).

  How that works is you click the Amazon link and it brings you to Amazon (normal prices / looks like normal Amazon) and he gets between 2% - 10% of the product price in referral income.  The NEM threads altogether, going back to January, have had around 200K+ views.  So if NEM had an affiliate link since the beginning it could had raised 1000s or 10000s for development that way.

Technically speaking if you had a group 2000 people use that link and they spent $300+ (buying regular stuff), they would had contributed something like $10K - $15K to NEM development.  

I've used Amazon several times myself (spending 100s) in 2014 but NEM didn't have an affiliate page, so I wasn't able to use it.

 
1867  Other / Politics & Society / Re: what do you think about the way college tuitions keep increasing out of control on: August 06, 2014, 05:32:35 AM
Ivy league tuition is going up because of the competition to get in and it is the preferred destination for rich families to send their children (thus they'll sign the dotted line no matter if the tuition is $3K or $100K per semester).

Contrary to belief - even education is affordable in the US. ....
No.

The difference is that pre 1985, a person could work and put themselves through college with minimal debt.

Now, it's massive debt.  And that's debt owed to the US Government.  And they like that.  First, rig the situation where you need college, then rig the prices where you need debt, then print money and supply the debt.

Beats trying to sell Tbills.  Certainly a nice income producer along with Tbills.  Big difference in income, though.

I just explained to you something called in state tuition (which is heavily subsidized and even near-free in certain US states).  $200 textbooks aren't landing people into debt, either.  It's the interest payments from the student loans people take to cover the COL.

Pre-1985 the reason people back then didn't take loans was because summer jobs (after adjusting for inflation) paid way more than today.  We saw the deindustrialization of the United States in the 1990s which removed a lot of those good paying summer jobs



1868  Economy / Economics / Re: You work your butt off, and a rich dude does nothing and gets rich - how? on: August 06, 2014, 04:56:10 AM
Rich dude: I engage with the government and lobby for changes that help me.
Poor dude: I complain to other internet users about how shitty the government is.


Rich dude: I keep complete control over my money and make it work for me.
Poor dude: I got a payday loan to buy the newest Sony TV.


Rich dude: I manage a diverse and balanced portfolio to maintain my wealth.
Poor dude: I invest in lotto tickets and own many beanie babies.


Rich dude: I follow economic trends and study any relevant developments.
Poor dude: I heard on infowars that secret societies can read your mind.


Nice one.

Rich dude study the game and play along while the poor dude complain injustice rather than play along.

No it's terrible rhetoric.  You are taking two extreme opposites while ignoring the mainstream middle.  You can't have anyone relate to the poor person as the average person does not consider the lottery to be an investment (actually a gamble) and not many people own beanie babies.  That must be one dumb rich person because that's called a false dichotomy, a logical fallacy.

There's many people in the middle who are suffering due to the decisions of the rich, such as clawing back on defined pensions for most Americans or the funds who are gambling away people's pensions.


Many people are playing by the "rules" of society, as in working hard through college, hard in their careers, having 2 to 4 kids to ensure the reproduction of the workforce, saving and investing for a later retirement.

How has society rewarded these people?  Sub prime made many middle class people lose their homes and pensions, while the rich people got a bail out.  Recent college graduates are being forced to work jobs that were a decade ago reserved for those who flunked highschool.  While the rich have seen no change in their lifestyle in comparison.



Becoming an educated professional is one of the hardest things to do in this world - a Doctor and a Lawyer is someone who I can respect.   Whereas many rich people got to where they are through familial inheritance or networking through relatives or getting lucky on investments (or even engaging in fraud such as Mark Karpeles who lives in one of the most expensive condominium buildings in Tokyo).

1869  Other / Politics & Society / Re: what do you think about the way college tuitions keep increasing out of control on: August 06, 2014, 03:59:24 AM
Ivy league tuition is going up because of the competition to get in and it is the preferred destination for rich families to send their children (thus they'll sign the dotted line no matter if the tuition is $3K or $100K per semester).

Contrary to belief - even education is affordable in the US.  If you are a state resident then most states in the US have subsidized universities for people born in the state and the tuition costs rival countries like Britain / Canada or are even cheaper.

As well there's always the option to do your first two years at a community college near home to cut down on living expenses. 
1870  Other / Politics & Society / Re: Argentina default, why didn't bitcoin go up more? on: August 06, 2014, 03:47:13 AM
Cyprus was an oversea tax haven or an oversea bank account with better rates.  Maybe the wealthiest Russian oligarchs got their money out of Cyprus but then you have guys like that guy here on Bitcointalk who lost $600K (and he wasn't even the 1% as those funds were for his business).

the people who put money into Cyprus thought it was safe when it wasn't.  So when they got their money taken away many looked into alternatives like Bitcoin.


Argentina on the other hand, due to having a weak peso for the past decade(s), was detached from world finance to an extent and Argentina was never an oversea bank account for foreigners.
1871  Economy / Economics / Re: Solution to poverty - Socialism or Capitalism? on: August 06, 2014, 03:23:17 AM
With capitalism you have opportunities to climb the economic ladder if you are smart and work hard.
I am wondering, why still exist so naive believers in corporate propaganda!
I have personally climbed the economic ladder. My family was poor when I was growing up, and there were some days when I was unable to eat. I was able to graduate high school with a 3.9 GPA, get a full scholarship to college, get a scholarship to grad school, worked my way up the corporate ladder and am now making over 6 figures at a major technology firm.

Fast forward to age 65 - still making the same salary with four kids, no corporate pension and coming to the stark realization that you don't even get a corporate pension and have to work past retirement age..  no savings as you spent all your money on the mortgage for your McMansion.  Then at age 70 they terminate you for being too old and a liability.  You end up where you began.

http://hereandnow.wbur.org/2013/09/25/retirement-never-comes


1872  Bitcoin / Bitcoin Discussion / Re: A Reddit user is claiming to be a whistleblower from the Federal Reserve... on: August 06, 2014, 03:12:14 AM
The thing is crypto currencies don't even work like real world currencies, they operate more like commodities due to speculation.

  Dot com bubble in the late 1990s was $7 trillion while the M1 monetary supply (IIRC) is close to $3 trillion now.  Does that mean Dot com overtook the $Fiat?   Cheesy

I think it's possible for crypto currencies to be worth trillions in the upcoming years.
1873  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Alt coin to invest in 2014 on: August 06, 2014, 03:05:28 AM
Ora right now is only like $55K capitalization and it's undervalued I think. 
1874  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: August 06, 2014, 12:54:45 AM
I think the reward halving to 500 stellar per account is very good.. in this way this will avoid cripto noobs to just register to get some mbtcs in exchange and not even read a little about stellar.

You somehow think Stellar invented the: "throw money on the street to get noticed" trick, when it's one of the oldest tricks in the book and it can't be sustained forever.  As we speak Stellar used to give out thousands (even 10K) to the earliest birds just days ago and are now only sending out 500 - which is leading to complaints that it's not remotely fair distribution.

It was never intended to be fair.  Stellar-Strip ("SS") right now has 5 billion coins it can trade while it gave out 300 million to the public, many of which were fake facebook accounts.  Each professional blackhat hacker has thousands of facebook accounts and knows all sort of loopholes.

1875  Other / Politics & Society / Re: Why has the left wing abandoned Israel? on: August 05, 2014, 11:53:56 PM
On Monday Obama approved to send 225 million dollars in emergency aid to Israel.
This money is to help replenish the rockets they used in their "Iron Dome" defense system.
Do you guys think they will also use some of the money to replace rockets that they shot into Gaza to murder people?

Are you happy to see your tax dollars being spent in appropriate ways?


there was an episode on the daily show last week talking about how john kerry was urging a ceasfire (on both sides).. yet we are stocking israel with the weapons they are using to kill palestinians. that's why the U.S. has no right in policing other countries, because we enable them after all.
The Obama administration also banned flights to Israel as an attempt to strong-arm Israel into agreeing to a cease fire.

They can ban flights just like that?   Huh
1876  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Logo Voting Has Begun[Updates & Discussion] on: August 05, 2014, 11:35:47 PM
August 8 and August 11 not far into the future.  NEM to hit $1500?  NxT and AE is going to the moon soon.
1877  Alternate cryptocurrencies / Altcoin Discussion / Re: [NFO] Ethereum = Scam on: August 05, 2014, 11:33:24 PM
It's another Mastercoin.  People invested huugeeee money into that and would had saw more ROI had they invested into Doge or NXT.  Ethereum is $12 million and there's no guarantee (after it stabilizes after the initial hype buy at launch) it'll go above $80 million.  Sure you might say that is a 7x return but many early crypto currencies bring way more ROI than that.




Ethereum language is a liability.  It took a decade plus to get all the bugs in Java and C++ worked out and to educate a generation of developers to program in that language.  Ethereum only has Vitalik who can program in his own language and Vitalik is likely to jump ship when Ethereum launches to resume his studies at UoT or he'll be taking an early retirement due to the millions he'll be pocketing.  That means you're stuck with a coin which has no competent language programmers and nothing much happening at the Ethereum HQ since 2-3 developers isn't enough to do things like bring in the sort of features you see in a coin like NxT.
1878  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Alt coin to invest in 2014 on: August 05, 2014, 11:27:42 PM
It's a fork of Ripple with a 99.7% premine at the moment and Stellar Stripe ("SS") controls 94% of tradeable Stellar.  They'll be sitting on that premine for years like Ripple.  They already reigned on their promise on giving $10 to sign ups (they've been sending less or none at all).
1879  Alternate cryptocurrencies / Altcoin Discussion / Re: Ether or Stellar ? on: August 05, 2014, 11:21:21 PM
Both are pretty crooked.

Ethereum is an open ponzi scheme ran by wealthy investors and there's the Goldmansach's connection.  To see any ROI (compared with the risk involved) on it, unless you invest six figures or more, you have to wait for Ethereum to hit billions..   when there is no incentive for subsequent investors to come in.  Ethereum videos on YouTube only have hundreds of views (minus the odd video which gets thousands) and  obscure media articles.  There's nothing there to build an million user base like Bitcoin.

By the way - it took Java and C++ a good decade to work out all the bugs and to educate a generation of developers to program in that code.  Ethereum creating a new language I think is more of a liability than a plus.

Stellar is a fork of Ripple with it being "free", the free part is almost a joke since right now it is a 99.7% premine and Stellar-Stripe currently controls 94% of tradeable Stellar at the moment (they have 5 billion versus the 300 million they issued so far).  The "SS" (Stellar Stripe) can easily manipulate prices much like the Ripple.  This is obviously a capitalization scam like Aurora was before the air drop (which made the Aurora developer very rich) and it can be compared with Marine Coin and Solar Coin and even Ripple.

SS promises they plan on distributing the remainder of their 99.7% premine but Ripple made the same claim years ago and reigned on it.  SS right now is doing the same.  They claim they are sending people $10 worth of Stellar but are sending less or none at all (accompanied with a congratulations email).  As well I don't see how they can get millions of users anytime soon, so Stellar will be sitting on a 99% premine for years.
1880  Economy / Economics / Re: 11 countries close to bankruptcy....... on: August 05, 2014, 11:36:24 AM
When the next debt crisis hits it is gonna be a masterpiece!  Blah Blah Blah.. wait and see

I don't think it'll be long before it does hit. Economists are already warning it will be worse than the sub prime crisis.

How can it be worse than sub prime?  Sub prime wiped out the construction industry (which hasn't come anywhere close to recovering in terms of jobs).

There's nothing left to wipe out anymore unless it's oil jobs, government jobs or office jobs..

Sub prime cost between 14 - 22 trillion dollars according to which estimate is closer

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

http://www.businessinsider.com/fed-study-financial-crisis-costs-incalculable-2013-7


http://www.huffingtonpost.com/2013/02/14/financial-crisis-cost-gao_n_2687553.html

The next one  could be worse due to monetary expansion used to "fix" the sub prime..

http://www.forbes.com/sites/mikepatton/2014/02/11/why-the-next-financial-crisis-could-be-worse-than-2008/

What could be worse that that?Huh

Derivatives meltdown...or 20 - 25% of $710 trillion ..even if its only 5% that's twice the size of the last one

Buffet says its coming
http://www.forbes.com/sites/robertlenzner/2014/04/30/seking-shelter-warren-buffett-limits-receivables-from-major-banks/

This shows the size..growing every day

http://www.abc.net.au/news/2014-06-12/kohler-controlling-derivatives/5515666

We don't know when as all Govts are doing everything they can to delay/avoid/ lessen the impact..including cooking the books

We dont know how big

We do know it will come eventually as it always does

What I meant is how does it hurt the working or middle class people.  A lot of people still haven't recovered to pre-2008 as sub prime literally wiped out construction and supporting industries.  So there's nothing to wipe out this second time around.   If I am wrong and it's bad bad well that comes down to the expression break a few eggs to make an omellete.  I don't think anyone thinks capitalism on a society basis has worked since the 1960s.



Sounds like you are concerned about a potential economic crisis that would actually hurt the banking class for a change.  Though using hurt is a bit of an understatement.  I wish I knew that feeling to downgrade from a Lamborghini to a Mustang.



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