bill cosby
Gee, I wonder who could have added that...
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As if $1B isn't enough.
You know, when I first came across this idea of buying up city blocks in Detroit to turn into a Libertarian city, the idea was more along the lines of buying cheap houses and taking them away from the morons who ran Detroit into the ground in the first place. Not giving them more money.
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I'd been aware of them for a while, and always thought it was a good idea very poorly executed.
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Note the mans commentary
There are supposedly two different versions floating around, one with a bit more political fluff than the other. It is likely that one is a product of a third party seeking to manipulate the situation for political purposes, as we have seen before in instances like the Romney tax return extortion.
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As long as the fiat economy is mostly functional, Bitcoins are likely in very strong hands. We'll see how many are selling in a few months, though.
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Then why not the US? http://www.forbes.com/sites/eamonnfingleton/2013/02/06/paul-krugman-says-it-again-japans-stagnation-is-a-myth/during the decades of Japan’s alleged stagnation, living standards have actually improved faster in Japan than they have in the United States. And why is this? What does Japan have that the US (no longer) has? A closed system. Strict immigration controls. Trade protectionism. It turns out that responsible monetary policy actually leads to economic improvement under those conditions. Who knew. Just look at Japanese corporations. Virtually without exception they have continued to boost their revenues — and maintained their employment levels — in the face of a constantly rising yen. Yet more empirical evidence that Keynesianism only makes sense under the un-physical fantasy-land assumption of infinite growth.
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I hope you know that in the star trek universe there is no need for money as you can get anything you need? Why would the banks help establishing that?
It's not about getting whatever you need. That's just the sales pitch. It's about getting rid of cash and replacing it with digital "credits" which are, of course, doled out by the banks. http://betterthancash.org/about/our-members/
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It occurs to me that if you accept a couple of, admittedly non-intuitive, premises, a few interesting connections emerge. This is mostly speculation, but hear me out. The premises are: 1) Large-scale weather modification technology exists. 2) The Communist movement is the creation of, or has been co-opted by, large banks, in order to promote collectivism and centralization within the current economic model. So, let's assume weather modification is real. If so, then where did it come from? Nikola Tesla was the father of AC electricity, and performed the very first experiments involving radio power transmission. Let's say that, during the course of his experiments with wireless power, Tesla discovered that it was possible to manipulate the weather. His experiments were famously shut down by his financier, JP Morgan. The given reason is that, obviously, Morgan was opposed to "free" energy being distributed to the masses, without metering. But, what if that wasn't the real reason? What if JP Morgan just wanted to keep this weather modification technology a secret? What would you do, as a banker, if you could control the weather? Manipulate commodity prices, duh. And what is JP Morgan Chase, today? Nothing less than the largest commodity trader on the planet. Interesting connection #1. But, what else? What happens when you manipulate the price of food commodities? How else can you profit from the side effects? Well, obviously what happens is that people starve. Governments step in to re-distribute food. It just so happens that JP Morgan also has the exclusive contract to manage the food stamp system, EBT cards, for the US government. Interesting connection #2. So, that leads us to our second premise. If you are a bank, manipulating the weather to profit from commodity trading, and people are starving because of this, you want to make sure those people have a voice, to demand that their government do something about it! You want to make sure that governments create and fully-fund the food stamp programs, that you can then manage and manipulate for profit. Perhaps you might go so far as to help form a little group of Communist agitators, and make sure to give them an ironic name. Like, the Weathermen. And, what else happens when weather manipulation leads to crop failures? How will people respond? Mass migration. http://www.thelibertybeacon.com/2013/02/01/death-of-america-leaked-us-army-document-outlines-plan-for-re-education-camps-in-america/Invest in detention camps! Perhaps take the opportunity to re-educate those who aren't quite as enthusiastic about the new banker-led collectivization scheme. Your Communist agitators can be in charge of that. Maybe go ahead and eliminate some of these "national security threats" who insist on having things like rights and private property as well, in the process. FBI infiltrator discusses the plans of the Weathermen.But first you've got to get your man in the White House. He has to be willing to go along with the programme. And, of course, he also has to be bought and paid-for by you, the big banks. He has to be willing to disarm Americans, to tax them, to force them to go along with the collectivization scheme, and to give the proceeds over to the banks. Do we know of anyone who might fit the bill? Anyone with connections to the Weather Underground, bought and paid for by the big banks, and willing to kill Americans? Perhaps... Just, whatever you do, don't fuck it up
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http://www.infowars.com/captain-kirks-predecessor-star-trek-was-rand-corporation-predictive-programming/“The things that intrigues me the most”, Hunter said, “is that it is actually based on the Rand Corporation’s projection of things to come. Except for the fictional characters, it will be like getting a look into the future and some of the predictions will surely come true in our lifetime.” Predictive programming as a way to introduce certain “possible” technologies is an aspect highlighted in great detail by researcher Alan Watt. Watt, naively described on Wikipedia as a “conspiracy theorist”, is the first to accurately and thoroughly communicate the concept of predictive programming:
“A subtle form of psychological conditioning provided by the media to acquaint the public with planned societal changes to be implemented by our leaders.
If and when these changes are put through, the public will already be familiarized with them and will accept them as ‘natural progressions’; thus lessening any possible public resistance and commotion.” As Daniel Brandt wrote in his article Philanthropists at War, the interlocking system of “foundations” and think tanks after WWII were part of the push by central banks to establish, by stealth, a one world government. And this global system of control, as Carroll Quigley brought to light in his Tragedy and Hope, would not be some idealized “let’s all come together in peace” sort of political utopia. Rather this thousand-headed creature was forced into being and controlled by the major central banks on the planet acting in concert. So, what predictions from Star Trek do you think have already become reality? I have a few ideas... http://en.memory-alpha.org/wiki/Amanda_RogersPicard, suspicious about the accident, told Data to investigate the deaths of Rogers' biological parents. It seemed that the circumstances were very rare; a tornado escaped the weather modification network and landed right on Rogers' house with a force which was inconsistent with the size of the tornado.
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I hadn't actually even seen this before now, but this guy seems to have come to the same conclusions around the same time as I originally made this post: http://www.youtube.com/watch?v=oZC51TDYKsUAward-winning meteorologist Scott Stevens spent a decade studying weather modification, and says in this interview that hurricane Sandy is being manipulated to create as much rainfall as possible (this was before it even made landfall). He even decided to relocate to a small, self-sustained community in the mountains of Colorado as a result of his research.
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DIY hydro power is very cheap if you have a stream waterfall on your property.
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You said that point can't ever be reached. I say it can be reached tomorrow.
I said it won't be reached. It could be reached tomorrow. The important thing is that it can't be reached 30 years from now.
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You could, if the total number of Bitcoins were unlimited and if the block reward didn't decrease over time. But, since it does decrease, we will never reach that point.
This has nothing to do with Bitcoins being limited, or fixed block reward halving. Besides, mining rewards are 25 atm, plus the transaction fees. Awards to be made from Bitcoin mining are unlimited. If the price of Bitcoin went to $20.000 overnight (from $20 at this moment), you would see a 1000-fold increase in mining, simply because it would be so profitable. So, there is a price point, where all the energy in the world is used. (Of course I'm simplifying because, at some point the energy prices as well would go up, due to Bitcoin mining.) See now what I mean by intrinsic anti-value? The more the price of Bitcoin is, the more energy it (indirectly) uses. Yes, I understood your point. Did you understand mine? The "intrinsic anti-value" that you point out is a direct consequence of Bitcoin's current inflationary state, and will cease to exist once that inflation ceases. At that point, the energy used will be limited by Bitcoin's utility as a means of value transfer. Regardless, the theoretical maximum energy use is actually only 50% of the total economy, not 100%. Furthermore, this is a feature of all inflationary currencies, not just Bitcoin. The difference is that, with Bitcoin, it will eventually end.
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It is an example of the BTC monster using its own currency to acquire the resources it needs to grow though.
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There is a connection between Bitcoin price and energy required for mining Bitcoin. So, there exist a Bitcoin price point where world's total energy output is consumed by Bitcoin mining.
So, could we say that Bitcoin has intrinsic anti-value?
You could, if the total number of Bitcoins were unlimited and if the block reward didn't decrease over time. But, since it does decrease, we will never reach that point. cf. fiat currencies
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Literally every part of this plan is idiotic and unworkable. Buying a 982 acre island for $1 billion. Putting 35,000 people on it. But mostly, the idea that anyone would pay $300,000 to live in Detroit.
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No hedge fund can break bitcoin if there are enough early adopters that are willing to stand up to them.
This is very shortsighted thinking. Central banks print at a rate of 2-3% per year. After a hundred years, they can break anything. They can break the entire economy. You won't even notice until it's too late. If you care for bitcoin, you should sell when prise is rising and buy when price is falling!
No, if you care for Bitcoin, you should learn to play the long game as well as they do.
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