we're on the front page of RedditThat's only on the front page for subscribers to r/Bitcoin |
|
|
|
Inflation doesn't inherently cause savings to devalue--unfair, unequitably distributed inflation does. Define "equitable distribution." I am also not arguing that bitcoin needs to be fixed, I am arguing that it is flawed. It is flawed in a very similar way to keynesian fiat currency--it has a mechanism for unfair, unproductive profit that is ripe for abuse. Holding Bitcoins doesn't guarantee profit. It is a risky act that helps to stabilize the currency, promote trade, and increase the value of the economy. The "profit" gained by doing so (or loss perhaps) can be considered the interest earned by the original resources used to purchase the Bitcoins to begin with, invested in the Bitcoin economy as a whole. This is how people become slaves to debt or to an elite.
People become slaves to debt by being born into poverty. Bitcoin doesn't cause this, and has no obligation to prevent it. It is, in fact, encouraged by the "democratic" per capita demurrage schemes you are promoting, which subsidize the creation of consumers at the expense of savers. You are free to start an altchain at any time. You are not a slave to Bitcoin. |
|
|
|
Who, in a geek forum, has mentioned douglas adams? That is gonna be a big list.
Probably, like, at least 42 people. |
|
|
|
|
I've been thinking for a while now that it would be nice to have a little app that could be used for "reputation management" with Bitcoin. It should integrate the -otc web of trust with pgp messaging and the ability to sign with Bitcoin keys. Perhaps it could be integrated with websites as well, like Bitmit, and recognize self-signed SSL certs. Basically just tie everything together, to give the average user a layer of identity services to use with Bitcoin.
|
|
|
|
|
Yes, you are correct that this is a weak point in performing a Bitcoin transaction. One way to mitigate it is with a vanity address.
1SLAND4JQt2mhypA6cR7TSh2UunW4NU4y
|
|
|
|
|
Bitcoin doesn't subsidize saving. In the long run, Bitcoin is neutral with respect to saving. And, in the short term, Bitcoin subsidizes consumption (mining).
|
|
|
|
When are they arresting Ben Bernanke for the biggest ponzi of all time ?
Stanford was just operating a pass-through  |
|
|
|
Google Has Had Enough: Files Lawsuit To Ban Multiple Apple Productshttp://www.androidpit.com/google-vs-apple-androidI knew this day would come. I can’t say that I hoped for it, but in all honesty, it was inevitable. Apple has been very busy lately in doing all it can to ban as many Android devices as it can, and HTC, Samsung, and Motorola have all got a small taste of the Apple juice lately. But something has changed: Google now owns Motorola, and aren’t wasting any time in defending their new acquisition, as they are now seeking a sales ban on the iPhone, iPad, and Mac computers in the US. Unfortunately it seems some people don't really understand the concept of mutually-assured destruction after all. 
|
|
|
|
|
So has anybody called this company yet to ask if they take Bitcoins?
|
|
|
|
what would a Biden presidency look like?
 |
|
|
|
Impressive. Domain Name: caymenluxuryproperty.com
Registrar: Name.com LLC
Protected Domain Services Customer ID: NCR-4171820
Expiration Date: 2013-08-27 18:56:30
Creation Date: 2012-08-27 18:56:30
|
|
|
|
The Seasteading Institute is requesting preliminary proposals to charter a seaworthy, 225 foot, four deck ship recently donated to the institute. As a non-profit, we are able to offer this vessel at substantially below market rates to a company or non-profit whose use will advance our mission of establishing permanent human habitation on the oceans. http://www.seasteading.org/lease-the-seasteader-i/ |
|
|
|
And yet FDR was one of the greatest corporatist fascists in the history of the Western world. And he pulled the plug on the gold standard so he could rob the savings accounts of the poorest to fund the 'Great Society'. Stand-up gent, that one...
FDR literally divided the economy into monopoly sectors and centrally-managed each one of them to produce materiel for a war that turned the US into the global hegemon to such an extent that we still have a military 6 times larger than the nearest competitor, 70 years later. He was a bigger fascist than Hitler and Mussolini could have ever hoped to have been.  |
|
|
|
Science tells us that Max Keiser is wrong about Libertarians being "intellectually lazy and idiots": http://www.plosone.org/article/info:doi/10.1371/journal.pone.0042366The Need for Cognition scale [64] is a measure of the extent to which people engage in and enjoy effortful cognitive activities. People with high need for cognition are more likely to form their attitudes by paying close attention to relevant arguments, whereas people with low need for cognition are more likely to rely on peripheral cues, such as how attractive or credible a speaker is. The measure was completed by 8,035 participants (4,242 men; 5,888 liberals, 760 conservatives, and 657 libertarians).
Results.
Table 3 shows that libertarians scored slightly higher than liberals and moderately higher than conservatives on Need for Cognition (also see Figure 4).
Interpretation.
This pattern is consistent with the libertarian valuation of logic and reasoning over emotion. Libertarians may enjoy thinking about complex and abstract systems more than other groups, particularly more than conservatives.
|
|
|
|
|
Yes, it's a globalist land grab, 100% motivated by wealth redistribution and "social justice" in favor of foreigners who have already destroyed their own countries, and their own environments, by breeding like insects.
It is no coincidence that this is being pushed by our Democrat president from Kenya, a country with twice the population density of the US and 1/20 the per capita GDP. Democrats' only goal is to create themselves permanent government jobs by herding Americans into giant, crime-ridden mega-cities in the name of equal-opportunity poverty.
Any American who accedes to this is a traitor to both his country and the environment.
|
|
|
|
|
The most you can expect is an equal opportunity and the absence of aggression. Bitcoin mostly provides that. At the least, it's a vast improvement over the status quo, so the question should be "what's the better option?"
|
|
|
|
The timing here is very suspicious, coming right after a peak in BTC price. That suggests other e-currencies were chasing BTC, a run which may have broken the LR bank.
That is interesting. |
|
|
|
|
I agree with you that Bitcoin needs a real economy. Unfortunately we are in sort of a tragedy-of-the-commons type situation right now where making that happen is extremely difficult, and the majority of early adopters don't even see it as being in their best interests.
|
|
|
|
|
Show Posts
