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1  Economy / Economics / Re: What we need is FAIR markets, not free markets. on: July 06, 2011, 02:44:38 AM
Life should be fair.

I agree. I think that it's unfair some people are smarter than others. Let's give them brain damage! Also, what about people that are better looking? Acid to the face! Lots of hair? Scalp removal! Taller than me? Chop off their feet! Skinny? Force-fed donuts!

The sooner we all sink to the same level, the sooner I can stop feeling sorry for my own personal shortcomings.



There was a short story with this concept. Beautiful people had to wear masks and such. What was it called?

There is also at least one song:

Rush - The Trees:
Quote
There is unrest in the forest,
There is trouble with the trees,
For the maples want more sunlight
And the oaks ignore their please.

The trouble with the maples,
(And they're quite convinced they're right)
They say the oaks are just too lofty
And they grab up all the light.
But the oaks can't help their feelings
If they like the way they're made.
And they wonder why the maples
Can't be happy in their shade.

There is trouble in the forest,
And the creatures all have fled,
As the maples scream "Oppression!"
And the oaks just shake their heads

So the maples formed a union
And demanded equal rights.
"The oaks are just too greedy;
We will make them give us light."
Now there's no more oak oppression,
For they passed a noble law,
And the trees are all kept equal
By hatchet, axe, and saw.
2  Economy / Economics / Re: Bitcoins have no non-monetary use-value, and why it doesn't matter. on: July 02, 2011, 03:28:57 AM
Gold is obsolete money. Will never be used as money again. Gold is only valuable for its utility.
Gold is valuable and will continue to be valuable because people remember it to be valuable.  It's part of our culture.  There will always be this.  Utility be damned.  Idiots with disposable income will always exist, as will enterprising individuals willing to sell them worthless(?) shiny shit.

Now if only we could cover Ferraris with bitcoins.
3  Economy / Economics / Re: Bitcoin capitalization eventually hit 0? on: July 02, 2011, 03:21:56 AM
As BTC approaches zero, the hoarders will realize they are sitting on a pile of nothing. The 6.8 million bitcoins really need to be spread out and sold.
^this.  Those with lots of bitcoins need to start investing in and building the bitcoin economy, or they'll be left with nothing but a lot of play money.  As somebody else said here, better to have 50% of a lot than 100% of nothing.
4  Economy / Economics / Re: Bitcoin capitalization eventually hit 0? on: July 02, 2011, 03:19:30 AM
But here's something to think about.  If I found this diamond so big that it could make all diamonds worthless...  What exactly could I do with it?  The only thing I could do is break it down into smaller diamonds and sell those.  I'd hold onto my big diamond and only buy stuff as I needed to.  It would make sense for me to keep my wealth hidden and secret, rather than destroying the world's economy.
5  Economy / Economics / Re: Bitcoin capitalization eventually hit 0? on: July 02, 2011, 03:04:21 AM
As people find deposits of precious metals and minerals today?  The world doesn't end.  Some people just get rich.
Furthermore, metals take up physical space. Please tell me where 100 times the current quantity of gold might suddenly appear, assuming, of course, that the world is running on gold as its currency.

Yeah gold is a poor analogy.  Diamonds are better.  So say one day I'm digging in my backyard one day and I find a watermelon sized perfect diamond worth fifty quadrillion dollars.  What you're proposing is about as likely.

By the time bitcoins would appreciate in value to the point a flash drive could cause serious damage, such media would be well past it's expiration date.  The data would be unrecoverable.  Plus.  I'm guessing whoever has a large amount of bitcoins today will probably spread them around a bit (if they don't, bitcoins won't be used and won't be worth much anyway).
6  Economy / Economics / Re: Bitcoin capitalization eventually hit 0? on: July 02, 2011, 02:43:08 AM
It is infinitly divisible (up to 8 decimal places right now, easily expandable with a modification of the client); so even if at one point there is only a total of 1BTC circulating in the whole world that will still  be more than enough
There are issues with that scenario that I have pointed out in other threads, but others don't seem to agree with me. Assuming the scenario you have illustrated, you must agree that it is possible that 100, or even 1,000 Bitcoins could be rediscovered, thus the World's economy, which was thriving on 1 Bitcoin, has now undergone 100 or even 1,000 fold inflation overnight if the Bitcoins are dumped on the market.

As people find deposits of precious metals and minerals today?  The world doesn't end.  Some people just get rich.
7  Other / Politics & Society / Re: Send all the libertarians to prison and beat it out of them. on: June 29, 2011, 01:24:27 AM
say that they have evidence that some terrorist group is being financed using Bitcoin

LulzSec

Quote
or they're using it to buy stuff.

Silk Road

Just wait.  There will be more.
8  Bitcoin / Bitcoin Discussion / Re: [Full Disclosure] Live mtgox.com trade matching bug. on: June 28, 2011, 04:24:16 PM
They're calling it a way to get "free bitcoins".  Good job OP.  I don't suppose you'd "fully disclose" that the "exploit" as you call it, is not, in fact, a way to get "free bitcoins".  I don't suppose you'd bother to correct the misinformation you've fostered.

You can't blame him for 'journalists' writing about matter they have little to no knowledge about.

Oh I very much CAN blame him, as he started the false implication.  The journalist was merely repeating (accurately) what he read in the OP.
9  Bitcoin / Bitcoin Discussion / Re: [Full Disclosure] Live mtgox.com trade matching bug. on: June 28, 2011, 04:08:27 PM
Well.  I hope OP is happy he got what he wanted:

http://www.thinq.co.uk/2011/6/28/mt-gox-flaw-opens-door-free-bitcoins/

They're calling it a way to get "free bitcoins".  Good job OP.  I don't suppose you'd "fully disclose" that the "exploit" as you call it, is not, in fact, a way to get "free bitcoins".  I don't suppose you'd bother to correct the misinformation you've fostered.
10  Bitcoin / Bitcoin Discussion / Re: [Full Disclosure] Live mtgox.com trade matching bug. on: June 28, 2011, 04:51:16 AM
What you did is no different than what Lulzsec has been doing this past 50 days - blatantly disregarding the safety of individuals in order to make a point, arrogantly.

You say that like it's a bad thing

Fool.  You see no further than the immediate.  LulzSec did nothing more than create an excuse for the authorities to try and clamp down on the Internet and/or bit coin (how they were seen to be funded).  For an added bonus, they mixed in immigration and drug issues into their troll.  Now the average Joe will welcome the "protection" of our brand new, locked down, internet -- free from the dangers inherent to anonymity.  Technology may not exist now, or ever, but they, and the momentum they have created, will certainly create the demand.

Similarly, your actions reflect on bitcoin itself in the public eye, and you don't seem to care.  I wonder why.
11  Bitcoin / Bitcoin Discussion / Re: [Full Disclosure] Live mtgox.com trade matching bug. on: June 28, 2011, 04:37:01 AM
Happy,

Please don't repeat the OP's false insinuation that he somehow found an exploit.  It's a display bug.  Nothing more, and drawing such public (false) light to it serves no purpose but to make Mt. Gox and bit coin look bad.  Something the OP was seeking, i'd wager.  Yes, there is a time for full disclosure, but it's only after private channels have failed to fix the issue.
12  Bitcoin / Bitcoin Discussion / Re: [Full Disclosure] Live mtgox.com trade matching bug. on: June 28, 2011, 04:13:24 AM
Yeah, but your "full disclosure" was based on the assumption that the trade would execute.  It wouldn't.  It's a bug, yes, but hardly a showstopper.
13  Bitcoin / Bitcoin Discussion / Re: Place your bets on when Mt Gox will *really* resume trading - Prize is 5 BTC. on: June 25, 2011, 03:20:32 AM
i'll start - 7/1 10am tokyo time
24 hours from now.
14  Bitcoin / Bitcoin Discussion / Re: Gox me baby! Where are you? on: June 25, 2011, 03:17:04 AM

I paid 70 bucks to get an earlier flight home because I would have missed it otherwise.  Yesterday I skipped the fucking banquet at the end of the fucking conference I was at.  It is costing me a lot to be here.

Couldn't pay $5 for wifi at the hotel?
I think he was trying to say he would not have wifi in-flight.
15  Bitcoin / Bitcoin Discussion / Re: Gox me baby! Where are you? on: June 25, 2011, 03:10:45 AM
Ok.  So i'm gonna be pissed if this is delayed.  There are so many other things I could be doing than refreshing a page.

Then go do them.

And possibly miss a reopening and the opportunities that come with early access?   I am not willing to risk my money like that.  This is absurd.  I made plans based on the deadline they specified. They keep missing it.  I keep having to avoid doing other fun things (or sleeping) because i'm not sure if MtGox is going to open up while I'm asleep.  What they are doing is simply rude.  I'd accept "next week" if they could deliver it.
16  Bitcoin / Bitcoin Discussion / Re: Gox me baby! Where are you? on: June 25, 2011, 03:02:05 AM
Ok.  So i'm gonna be pissed if this is delayed.  There are so many other things I could be doing than refreshing a page.
17  Bitcoin / Bitcoin Discussion / Re: MTGOX SO SICK OF THEIR BULLSHiT Should start a class action suite on: June 24, 2011, 03:56:34 AM
Would you rather they rush and be negligent?  You can have:

1. Security
2. Speed

Pick one.
3. TradeHill

I will likely go there too (or perhaps a third option), but in the mean time, I would like to think Mt. Gox is taking the proper time to take the claims process seriously, and somebody else isn't engineering their way into my account.  You can't simultaneously criticize Mt. Gox for not taking enough time to secure their shit, and demand they hurry up, throwing security to the wind in favor of convenience.
18  Bitcoin / Bitcoin Discussion / Re: MTGOX SO SICK OF THEIR BULLSHiT Should start a class action suite on: June 24, 2011, 03:50:34 AM
Would you rather they rush and be negligent?  You can have:

1. Security
2. Speed

Pick one.
19  Bitcoin / Bitcoin Discussion / Re: MtGOX Launch . . . postponed on: June 24, 2011, 03:47:15 AM
I, for one, would rather they get it right and secure, rather than rush and end up with another fiasco.
20  Bitcoin / Bitcoin Discussion / Re: Non-Verbal Analysis of statements by Mark and Adam (MtGox) on: June 23, 2011, 06:19:54 AM
The government is not really exemplary in implementing anything.
I'll agree with you there.
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