My personal stance on this is that satoshi intentionally deleted the private keys used to receive the early mining subsidies, despite his advice not to delete privkeys ever. His motivation to mine was to bootstrap the network and have transactions confirmed, not hoarding coins. He may be keeping some hundreds/thousands of BTC mined in 2010/2011 but probably those coins have already been moved. So we have both a) he has a lot of coins, b) early subsidies will never move.
Another plausible option is that he keeps them, but plans to cash them out gradually and going backwards in time, starting with the most recently mined blocks, so the market gets no sudden surprise over old coins moving. As older subsidies are spent our suspicion it's him will gradually grow and at some point we'll be totally sure but a lot of time will have passed and the market will have discounted it.
So why wouldn't he just make a huge giveaway and give like 1 BTC to random people? it's way better than just having a shitton of coins that will be lost forever.. |
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most of the gold in the US is gone, replaced as tungsten bars coated in gold (check google, some interesting bombshells there).
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Satoshi should be cryogenized, he must be there once all Bitcoins are mined and reveal itself.
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So how many verys would you use for these that own thousands of Bitcoin effortlessly due mining and buying in the cents to 1$ period? these are the very very early adopters to me.
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or "How I Learned to Quit Worrying and Love the Volatility."
How can one love volatility unless you are a trader with inside info? The average joe (99%) is supossed to use Bitcoin as a payment method. Do you think a payment method will be used for daily needs with such high volatility?: let me answer that for you: Nope. |
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"Doesn't really exist", should have explained fractional reserve lending to him (would have blown his tiny little mind).
Yup, but at the end of the day, most people will think that something exist given his impact on his daily life. When people go out and everyone accepts dollar and they can buy/sell anything for dollars, it's very real and it's very hard to argue with them how "bitcoins are more real" so to speak. |
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Those are pretty good questions.
My opinion of Peter Joseph is that he is a brilliant critic in the same sense Marx was an brilliant critic of Capitalism.
But PJ has the same problem as Marx. The RBE is not a realistic goal because there can't be a transitioning process without massive disruption
You really expect things to go on forever the way they are without disruption? disruption is a given, if what we get after is RBE or a madmax scenareo is another history. Disruption will happen as a natural result of our current system. |
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1) Demand for human employment is not something that needs to be "maintained". I would actually prefer not to work. Why is further economic growth a goal? What collective decided this? Yes, there is an incentive to reduce resource use, he refers to it in the video, it's the incentive to maximize profit. Price keeps the supply and demand for a resource in balance.
2) If machines were providing all of our needs (not that this is even possible), and the market only demanded goods produced and services provided by those machines then those who needed or wanted jobs would have to get a job repairing or maintaining those machines.
3) Why should someone who doesn't want to work have the same income as someone who wants to work 40 hours a week? The inequity in labor income is a function of supply and demand in a free market economy.
So you are proposing an economy where the only needed labour is a basically repairing the machines and you expect this to work? |
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Im not going to start counterargumenting these which would be easy... I'll leave it for other posters for now. What im going to say tho is: Besides trying to counterargument the 3 points, you have to PROPOSE solutions. TZM proposes solutions, let us hear yours.
Also, the last time I saw Molyneux vs Joseph Molyneux got obliterated, only a fanboy would think otherwise.
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Bitcoin.de >filter flag with UK
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You are NOT forced to pay, and if no one paid, Bitcoin would be dead because miners need incentive. Do you want that?
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I think we need to shave it's goatee, shear off it's dreads, buy it contact lenses and take it shopping at Abercrombie and Fitch.
This man knows how marketing works. Also there needs to be a BIG buy with BTC button in the ebay articles. |
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Good work but need to improve some of the grammar on there.
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...Can we blame capitalist that hoard as much wealth as possible leaving only a thin slice of the .pie for the average guy to share among themselves?
Nope, it's the corrupt politicians and bankers. It's the monopoly on the ability to create money that is the problem, not capitalism. Ok, you may go in here and reply to these 3 questions, you and everyone else in this thread, it's relevant: https://bitcointalk.org/index.php?topic=854589.msg9507742#msg9507742Very interested in your replies. |
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Nothing more solid than actual metals. You cant trust gf, you cant trust your family, you cant even trust Bitcoin as much as you can trust your metals. |
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https://www.youtube.com/watch?v=6xGyKuyGhaEThe Three Questions: ( please watch video before answering the below as the premise is explained as in great detail. ) 1) Given the market economy requires consumption in order to maintain demand for human employment and further economic growth as needed, is there a structural incentive to reduce resource use, biodiversity loss, the global pollution footprint and hence assist the ever-increasing need for improved ecological sustainability in the world today? 2) In an economic system where companies seek to limit their production costs (“cost efficiency”) in order to maximize profits and remain competitive against other producers, what structural incentive exists to keep human beings employed, in the wake of an emerging technological condition where the majority of jobs can now be done more cheaply and effectively by machine automation? 3) In an economic system which inherently generates class stratification and overall inequity, how can the effects of “Structural Violence” - a phenomenon noted by public health researchers to kill well over 18 million a year, generating a vast range of systemic detriments such as behavioral, emotional and physical disorders – be minimized or even removed as an effect?
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It's like im reading nothing. The article lacks a certain grammar level of im severly retarded.
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i don't like that idea of a pseudonymous developper behind something as ambitious as bitcoin, that's shady for non-tech people and not good for mainstream adoption and common perception of crypto currencies in general.
You don't know who invented the wheel, or algebra, or concrete, yet you have no problem using them. If there was a tipping option, I would tip for this comment. Now I can only say QFT Actually would be dope to have a tipping system embeded into the forum, like rating posts and if they are great you can tip the poster directly instead of putting your address on there and hoping for the best. Like on reddit where you can tip automatically. |
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Because the poor don't want respect. They just want a job, wife, kids, house, and 2 cars.
That's pretty stupid thing to say. Everyone wants to be treated with respect regardless income. |
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If BTC will fail, it will be very hard for people to trust again on alts.
On the contrary, the death of BTC would free the alt market. I don't think the altcoin market would be able to thrive without the help of bitcoin. The fact that bitcoin has been so successful in such a short period is the reason why there is such a demand for the shitty altcoins If Bitcoin dies the altmarket is DEAD. Bitcoin = crypto. Bitcoin dead = the dead of crypto. Simple ass that. |
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