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5041  Economy / Marketplace / Re: btco.in url shortening service. on: November 11, 2010, 03:57:03 AM
Yay!
I lost almost all my old bitcoins in the 0.50$ panic. Now I can recoup my losses.

What kind of communists speculate on the free market?
5042  Economy / Economics / Re: Bitcoin Deflation will cause a Meltdown OMG! on: November 11, 2010, 03:23:59 AM
I'm not much of a money expert, but this guy seems like he has no idea what he's talking about.
We talked alot about hoarding and why it isn't that bad for our bitcoin economy, as long as businesses see bitcoin as a (widely accepted) currency and not as a commodity.

Yeah, the guy is clueless ... money as a medium of exchange exists exactly for the purpose of being exchanged for goods and services, that's its purpose, duh. If you hoard it that means you can not buy anything for it ... so tumblr can feel free to live in a cave with 1,000,000 bitcoins being happy that he has cool numbers on his account rather than real things like house, car, computer, food etc. If you do not plan to buy anything for it, what's the point of having it? It is clearly an oxymoron. So if you hoard it and never spend it, nobody cares ... if you do spend it, cool more liquidity into the market ... where is the danger again?

tumblr is a blogging platform.
5043  Other / Off-topic / Re: Useless intellectual work on: November 11, 2010, 01:05:49 AM
When you are rich you have a layer of insulation from the world that blinds you from the hardships and bad luck of the poor. Contrary to what you think, they're not lazy scroungers.

You can't have a healthy body if the head is well but the legs are sick. Likewise a society needs everyone to be well to benefit the whole. Many movers and shakers come from a poverished background and it's the responsibility of the more well off in a society to help them transgress class boundaries. I don't know why or when it became fashionable to be selfish bastards, but it's disgusting.

I didn't say anything about the poor being lazy scroungers. That's YOUR words. I don't have anything against helping the poor and so on.

But, I am against stealing. Taxation is a form of stealing. It's wrong, period. Like I said, it doesn't matter if you tax the poor or the rich. Nobody deserve to have their property being stolen, no many how selfish you are or how rich or poor you are.
5044  Bitcoin / Project Development / Re: Letter to the CCC on: November 10, 2010, 09:08:00 PM
If anybody have actual connection with the CCC. Speaks up.

The EFF letter posting was successful with somebody's connection to the EFF. So a genuine connection would probably help me contact the CCC.
5045  Bitcoin / Bitcoin Discussion / Re: The Illusion of the Infallibility of Gold as Money on: November 10, 2010, 09:05:28 PM
Make gold? Why not mine nearby asteroids for gold?

I'm sure we will get there eventually, as a species, if we aren't wiped out by one of those asteroids first.

If we could build a tower for launching spaceships, we can reduce the cost of escaping earth's gravity.
5046  Economy / Speculation / Re: Bitcoin Technical Analysis on: November 10, 2010, 09:03:04 PM
People might think it is some kind of spams.

It does not help if the people posting in questions have a low post history.

When you promote bitcoins on other forum, please establish yourself with the community in questions. At least 100 posts.
5047  Economy / Economics / Re: To make bitcoin a success, make it convenient for normal people to buy/sell them on: November 10, 2010, 09:00:39 PM
OMG! I developed a whole web site for exactly this puropse a month ago and nobody uses it. I didn't do a very good job of promoting it, I have to admit:
www.bitswap.cz.cc

I told You already what is wrong with it, this website is terrible and untrustworthy.
Looks very unprofessional.

Looks unprofessional?
5048  Bitcoin / Bitcoin Discussion / Re: The Illusion of the Infallibility of Gold as Money on: November 10, 2010, 08:59:23 PM
Make gold? Why not mine nearby asteroids for gold?
5049  Other / Off-topic / Re: Useless intellectual work on: November 10, 2010, 04:17:45 PM
ok, well I have no moral problem taxing the rich to provide free healthcare and pay for science. Fine by me.

Free healthcare is not a free lunch.

Even so, taxing the rich is just as evil in taxing the poor.

Some rich people actually contribute to the economy, ya know?
5050  Economy / Economics / Re: Bitcoin Deflation will cause a Meltdown OMG! on: November 10, 2010, 05:17:03 AM
It is becoming an annoyance if Macho keep polluting economic threads with his anti-speculation worldviews, anti-gambling worldviews.

I propose we should move all Macho anti-speculation posts into his own little thread.
5051  Economy / Economics / Re: Too much speculation on: November 10, 2010, 05:04:59 AM

It's just that, as I was reading your post, when you were talking about exploited and starving to death people, it seemed to be very very far away from the reality of the society I live in.  There are problems in our society, but ... starvation ?  Hum, I don't think so.


I can get two large french fries and a coke for 5-6 bucks. Yummy.

It's not exactly the most healthy thing in the world, though.

I think the 3 hot dogs a day diet with drinks are a far cheaper diet, yet far more unhealthy diet.

The problem is not the lack of food, but the lack of cheap, healthy food in our society.
5052  Economy / Economics / Re: Too much speculation on: November 10, 2010, 04:44:31 AM
5 Ways How to Not Persuade Your Audience The Macho Way:

1. DO NOT build rapport with your audience. You must insult, call them names, and so on.

2. Always argue against strawman version of the audience.

3. Claim every logical argument the audience made as a construct of authority figures regardless or not if the argument in question is true.

4. Call your audience EVIL.

5. Always claim morality superiority.
5053  Other / Off-topic / Re: Who is themonetaryfuture? on: November 10, 2010, 03:15:00 AM
If he does have an account here, we didn't know.
5054  Other / Off-topic / Re: Who is themonetaryfuture? on: November 10, 2010, 02:32:57 AM
Jon Matonis.
5055  Other / Off-topic / Re: Useless intellectual work on: November 10, 2010, 02:30:17 AM
You need to encourage an free intellectual atmosphere so that science will prosper. In the past, nobles and rich persons would fund scientists & mathematicians, since they were seen as a type of art. Their followers were seen as artisans. You can't pick and choose the science/tech you do want- it doesn't work that way.

I can't understand why you would attack intellectuals who choose to work in academia over the larger pay they would receive working in industry. If it's bad then it's benign compared to other government industries like war.

If you still believe that discoveries all eventually will arise, then why through history did some civilisations discover some things that others didn't? Western civilisations had boats when the Incans didn't although Incans had an advanced culture to rival any other. Or the Chinese who had firearms a full 2 centuries before Europe. You can find many examples and they show that not every discovery is bound to happen.

On the contrary, I am not against academia, or dynamic innovative culture, or any of that stuff. What I am merely against is coercion.

I believe that we should fund academia, if such is a good thing in the first place, with money voluntary donated or paid from the people.
5056  Other / Off-topic / Re: Useless intellectual work on: November 10, 2010, 02:22:48 AM


I see lots of videos always throwing around the broken window fallacy. But despite that, the link here is tenuous at best. The broken window fallacy (better known as the parable of the broken window) actually refers to the consequences of destroying others property. It isn't really a fallcy either in the common sense of the word. That's unrelated to your point that all discovery would have eventually happened.

That's not the lesson that Bastiat taught. You're missing the point.
.
Destroying windows mean that window maker benefit, but the shoemakers would have to spend it on replacing window rather than buying shoes. The lesson here is about the fact that "making work" doesn't mean increased productivity or greater wealth to society and individuals as a whole.
5057  Economy / Economics / Bitcoin Deflation will cause a Meltdown OMG! on: November 10, 2010, 12:01:45 AM
http://undergroundeconomist.tumblr.com/post/1528511369

I say bollocks due to time preference theory.

Regardless of deflation or inflation, there will be a need to buy food OR DIE.
5058  Bitcoin / Bitcoin Discussion / Bitcoin Low Latency Incentive on: November 09, 2010, 11:15:50 PM
A conversation between me and Ethereael about the idea of incentivizing users for providing good latency:

Quote from: Etherael
Ok so here's my idea, see if you can sanity check it for me,
      basically think peer to peer service for lowering latency between
      two given endpoints, the problem with this though is it's harder to
      guarantee low latency than it is to guarantee high bandwidth, cause
      even if you're pushing over choked pipes if there's 10,000 people
      doing it the sheer volume is enough to contribute positively to the
      speed of the download, which is why bittorrent

 So think that, except instead of sucking down pieces of a
      file from disparate sources, you're trading endpoint contacts with
      disparate sources.

 You then take your contact latency to the endpoint in
      question + the latency they have to your target endpoint to get
      your theoretical latency to your endpoint, and you pick the lowest
      latency.

 Latency guarantees are harder to make than bandwidth
      guarantees, people will likely want incentive to participate, the
      more incentive, the more participants, the more value the entire
      network has.

 Right, so if you could earn say bitcoins by providing routes
      on the peer to peer network, and spend bitcoins to buy routes on
      the peer to peer network... would that make sense?
5059  Bitcoin / Project Development / Re: Letter to the CCC on: November 09, 2010, 10:53:03 PM
I just send another email wondering what's going on. Will check tommorow to see if anything is happening.
5060  Bitcoin / Project Development / Re: Chrome Bitcoin Extension Bounty(300 BTC pledged) on: November 09, 2010, 08:49:37 PM
So...how is development going?

It's still going. I haven't had as much time to work on it lately. I've tweaked a few things but nothing big enough to make a new release. I'm also working with Mt.Gox to build a clientless version that may also support trading.


Can you clarify  what a clientless version mean? What this talk of trading?
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