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4201
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Economy / Economics / Re: Inflation and the end of 50 BTC per block (from technical discussion)
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on: December 17, 2010, 06:52:29 PM
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My issues with BitCoin come from the unfairness of money creation, which is essentially a technocratic central bank issuing currency. If you have enough CPU-power and energy, you can originate most significant amount of new BTC into the market.
Technocratic central bank issuing currency? WTF? You buy CPU cycles in the hope that you make more money than you would in loss. It's not technocratic but based on economic calculus. Bitcoin doesn't exactly grow on trees. That is the fairest way we can think of distributing the currency. The experts aren't issuing the currency, bitcoin speculators who sunk tons of money into their mining rigs are. |
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4202
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Bitcoin / Project Development / Re: Bitcoin Wiki
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on: December 17, 2010, 06:39:55 AM
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The intention of WTFPL is to show that you don't care a shit about copyright laws. At least that's my interpretation.
I don't even care about attribution. That why I asked MT to use WTFPL rather than anything else.
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4204
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Economy / Economics / Re: RFC: Deflationary Spiral Wiki Article
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on: December 17, 2010, 06:02:26 AM
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Blah, I don't make that argument. Silly people who think bitcoin is going to collapse because of deflationary growth do. So, there's the article.
Feel free to add your content to the counterargument section.
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4205
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Bitcoin / Bitcoin Discussion / Re: Bitpredict Update Thread
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on: December 17, 2010, 05:57:04 AM
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I am having trouble with bid and user.funds checking. However, there's still a bunch of work elsewhere such as creating a CSS file for the site, so I did that in absence of progress.
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4209
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Economy / Economics / Re: RFC: Deflationary Spiral Wiki Article
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on: December 17, 2010, 02:22:41 AM
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This article will probably be removed, for it has no reference whatsoever. It very much looks like original work, which is forbidden in wikipedia.
Um, it's a bitcoin wiki article, not wikipedia. |
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4211
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Bitcoin / Bitcoin Discussion / Re: is it possible to launch an independent bitcoin network ?
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on: December 17, 2010, 01:23:50 AM
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Why would anybody use a region specific currency when you can trade with American, Brazilian, and other people not from central Europe?
we think that the global market is a huge fallacy if it does not have grassroots in the local interactions of people who trust each other Why it is a fallacy? The logic of division of labor, comparative advantage, and specialization is unassailable. |
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4213
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Bitcoin / Bitcoin Discussion / Re: is it possible to launch an independent bitcoin network ?
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on: December 17, 2010, 12:59:59 AM
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Hello world,
We would like to launch a peer2peer currency bounded to a specific community®ion (i.e. central europe) and therefore we found it more practical to have our own network, parallel to the main bitcoin thread, independent from the speculations of GPU miners.
Speculation is an healthy activity part of any economy. However, you wouldn't get far if you bounded your currency to a specific community. Specialization and interconnection of our global economy lead to greater prosperity and world peace. |
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4215
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Economy / Marketplace / Re: Kiba's Art Thread
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on: December 16, 2010, 09:57:24 PM
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The USB stick still looks like a cigarette to me. Maybe if she had the plug end showing, instead of being in her mouth?
The plug is sticking out. I guess it wasn't obvious enough. The upper arm still looks a little like it's coming from someone behind her. I think it might look better if the lower edge of the arm ends in a curve that marks the start of her elbow, instead of going on in a long straight line as if the elbow is far away under the cloak? But I'm lousy at drawing, so I don't know.
Ok, I'll make the curve more obvious. By the way, I love the way the socks/tights reach different heights up her legs. All the best nerds are disorganized in some way about their appearance.
Not true. The knee cap is on a different level. |
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