illegals... contribute to the economy
This is a tautology. Can you say specifically what it is that illegals help to save? |
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Maybe the GOP, can sign off on it if RP agree to keep defense spending adjusted for inflation when he was in the service.
Ahahahahahaha. When he was in the service in World War II ?? Keep dreaming. We'd have to double our already ridiculous war spending in order to reach those levels. Not going to happen, unless you'd like to start shooting infantry to the moon? Enjoy your brokered convention fight and split vote then... |
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I've always though about this, and its terrifying because essentially yes, I think terrorists can use Bitcoin (In small amounts) to send money across the world
So you were, what, like 10 years old when 9/11 happened? Even if you believe the official conspiracy theory of 9/11, it probably cost less than $5000 per person. And the hijackers who were "known suspected terrorists" were being monitored by the CIA as they entered the country anyways (yet this fact was conveniently hid from the rest of the US government). And they were using credit cards in their own names, so all of their transactions were tracked and monitored. They weren't even using cash. So, really, I for one am sick of hearing about this "terrorism and money laundering" bullshit. Because that's 100% exactly what it is. What is your suggestion, exactly? You want to prevent people from transferring $5000 at a time? That will create far more terrorists than it will hinder. You want to monitor all transactions and turn that info over to the government? Hah, just see how many terrorist attacks that prevents. Fuck, dude. Either wake up and get a clue, join the rest of the adults here in reality. Or stop trying to bullshit us, if that's what you're doing. Don't try to tell us you're really afraid of "terrorists"... |
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I'm not commenting on BitcoinATM specifically, since I haven't looked at it.
But I have a feeling that, now that serious VC money is beginning to come into Bitcoin, it's bringing along a handful of patent trolls. Their general MO is to quickly throw together something crappy (using Windows or .NET typically) that has zero chance of ever becoming a real product, then apply for patent protection and wait for someone competent to come along to build a real business around the same, usually obvious idea.
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http://www.minnpost.com/christian-science-monitor/2012/04/americas-stuxnet-weakness-found-systems-used-pentagon-power-gridNetworking equipment supplier "RuggedCom" apparently put a poorly-secured backdoor in industrial-grade equipment used in everything from power plants to traffic control systems. It was discovered and reported to them a year ago by a researcher who got their equipment off eBay. They spent the last year ignoring the vulnerability. Two days ago it was made public. RuggedCom was recently purchased by Siemens AG, creators of the backdoor vulnerabilities used by the Stuxnet worm and, recently also, bank: The business model of the Siemens Bank has the following pillars: credit business, deposit business and risk management. no more secrets...
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I think that Satoshi was an Al-Qaeda operative who coded Bitcoin to first and foremost be a secure communication's tool, by exploiting the World's greed using an 'Economic' front end of sorts..... such as a currency ? or more specifically, a CRYPTO currency, strong emphasis on crypto (for communications purposes)....
Bitcoin is a communication tool. It communicates economic preferences. Bitcoin itself is meant to be an economic 'revolution' of sorts, that attempts to circumvent the traditional Bank's stranglehold on society...and is essentially an attack on Government-led Capitalism in itself, albeit, a small attack at this point.
Yep. Look, we all know the winter has been a long one up in Canada this year, but really? Al Qaeda? |
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This isn't a huge deal. They've already been doing all of this stuff in meatspace for a long time now, tracking innocent people and basically bungling law enforcement in general. And they've been doing most of it on the internet as well. It's just not completely out in the open.
Most people will not care about this, just as most people didn't care about NDAA or warrantless wiretapping or the literal dozens of other unconstitutional oppressive tactics used by the US government against the American people for decades now.
Most people don't care that the Treasury has used regressive taxation and twisted legal interpretation of the Constitution in order to literally sell the country to foreigners and to literally sell future generations into debt-serfdom.
Most people don't care that incompetent, unconstitutional agencies like the EPA and SEC are used as vehicles of cronyism, in order to extra-judicially punish industries and businesses that fail to curry favor with the current administration and to reward those that are politically connected and make generous campaign donations.
Most people don't care that the Justice Department shipped guns into Mexico and helped to murder US citizens in order to influence public opinion against the second amendment, or that they tried to orchestrate a race war and instigated racial violence in the Martin case in order to disparage self-defense and community policing.
The majority will not care when they start revoking passports and instating capital controls. And the majority will not care about whatever comes next, whether "voluntary" work camps or more false-flag terror attacks and a military draft or just ramped-up jack-booted police state, engineered economic stagnation and financial repression.
It's far too late in the game to be outraged over formalities like these. Just get your shit together, learn to stand up for your rights and ignore nonsense like this because it's irrelevant anyways.
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They said they found Bitcoin to be "far superior" to any of the community currencies the device was intended to be used with.
That is interesting if the device was specifically designed to work with community currencies. The P2P comm does seem like a good model for a farmers market. |
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Bitcoin may be working but the dates on that chart don't seem to be.
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Remember, the term "dollar" and the term "pound" was just two different units of gold mass, pretty much like kilogram and ounce.
Silver actually, just to nitpick. |
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Charlie said he used the device, he didn't say it even sends/receives bitcoins. It's a really cool concept but it's not going to work for bitcoin
While there are several reasons to believe that it won't work very well for anything at all, since it looks like it combines about four different technologies that aren't really particularly mature, there's not any reason to think this wouldn't work for Bitcoin. All you really need is a network connection and some basic processing. |
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Great, a Bitcoin tracking device. I wonder which government agency is funding this.
Watching the video, I assumed this was just a stock promo from the card manufacturer, but if you look closely it actually says "bitcoincard.org" on there. So that's interesting.
And I'm going to have to also request pics because this looks like complete vaporware.
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Who can argue with feeding people for less?
People who understand the concept of resource depletion. |
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Value in an economy is created by specialization and trade. (Velocity, by the way, is just a metric used to measure specialization and trade.) Specifically, by relying on the market to provide for things that you need, but otherwise could not economically produce. In this way, capital is invested efficiently. Yet there is risk involved. What if the market doesn't produce what you need? What if a monopoly arises and the price is too high? So there is a tradeoff.
The best currencies reduce or eliminate this risk. They do so in different ways. Some (commodity currencies) are valuable in and of themselves. This creates a buffer of resources that can be used whenever markets fail. Fiat currencies, on the other hand, rely on government force in order to simply steal and redistribute whatever the market lacks. Fungibility and liquidity are related, and just refer to the ease with which a currency can be exchanged. Highly fungible and highly liquid currencies reduce the risk that you will not be able to trade away your currency if necessary.
While not technically currency, there is a lot of activity lately in gold and silver exchange-traded funds, which are more liquid than physical metals while (ostensibly) still backed by the commodities themselves. Some fiat currencies (Canadian and Australian dollars) achieve stable value by virtue of their country's vast commodity wealth, restrained monetary policies and the notion that these resources back the currency.
Litecoin, for what it's worth, will never have much value, because there are people out there who have the computing resources to crush it overnight. That is too much risk for a currency.
Bitcoin doesn't have that problem. As a currency, Bitcoin is now extremely resistant to failure, is infinitely fungible, is not reliant upon fiat or government force, and is slowly reaching a stable value. Yet it still has difficulties with liquidity. And the value of Bitcoin is not readily apparent. It is almost identical to precious metals in this regard.
If there were a nuclear war, you could use a bar of gold to re-build modern civilization. Eventually. But you can't use it to buy a hamburger.
Same with Bitcoin. If you lose your job, you could use Bitcoins to trade for almost anything you need, as long as you can wait a week or so. But you can't use them to pay your water bill.
The difference, of course, is that while you will never be able to buy a hamburger using gold barring a complete collapse in world population, Bitcoin has a decent chance of eventually achieving this level of liquidity and, thus, value.
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  I'm not so sure. |
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Bitcoins have no implied value, so they aren't subject to this type of regulation to begin with. They aren't gift cards.
No calling card minutes have implied value? They fall under FinCen definition of "stored value" the lack of legal precedent doesn't meet Bitcoin won't meet the same definition it just means it hasn't happened yet. Nonsense. What value is stored? How is it denominated? Who is storing it? How is it redeemed? |
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I'm so glad this wasn't Thomas Friedman.
I think Milton, though, is probably just expressing a preference for more local currencies over supra-national and global ones. And that makes sense. Personally I don't even tend to see Bitcoin as a global currency. I see it as an alternative to national currencies. And it may be more local, or less depending on how it is used.
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