Bitcoin Forum
May 11, 2024, 04:59:09 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 [96] 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 ... 160 »
1901  Bitcoin / Press / Re: 2012-06-22 forbes.com - The Bitcoin Richest: Accumulating Large Balances on: June 23, 2012, 12:44:24 AM
Forbes seems to do a good job of not reposting the same Bitcoin story that everyone's already posted a hundred times over. It's a nice, positive article that approaches the topic from a bit of a different viewpoint.

Thanks to Jon Matonis!
1902  Economy / Web Wallets / Re: Blockchain.info - Bitcoin Block explorer & Currency Statistics on: June 22, 2012, 11:21:12 PM
May I suggest you rename it to trail analysis or something else. Taint has unfortunately become a pretty loaded word and will probably give the wrong idea to quite a few people.
1903  Bitcoin / Bitcoin Discussion / Re: [ANN] Bit-Pay introduces "Touch to Pay" for mobile and desktop wallets on: June 22, 2012, 12:17:45 AM
Awesome. Slowly but surely were getting to the point where even Gavin's grandma can use Bitcoin Grin
1904  Other / Beginners & Help / Re: Cory Doctorow discusses the Pros and Cons of BitCoins on: June 21, 2012, 12:13:57 AM
btw the correct spelling is Bitcoin  (protocol, payment system, node network) and a bitcoin or bitcoins (currency units)
1905  Other / Off-topic / Re: Facebook removes his "credits" and introduces local currencies on: June 20, 2012, 08:28:10 PM
I doubt they'll allow bitcoins but interesting nonetheless.

Actually scratch that, why focus on the negative right? I guess the good news is their experiment of digital currency failed which eliminates a Bitcoin's potential competitor.
1906  Bitcoin / Press / Re: 2012-06-19 Forbes.com - TORwallet makes legal recourse impractical on: June 20, 2012, 09:57:53 AM
Of course he does: matonis.
1907  Economy / Speculation / Re: Rally!!!!! on: June 19, 2012, 10:31:55 PM
It will be a market regulated by strictly market consumers i.e. a free market. I already told you free doesn't mean anything goes. Free means no rulers imposing arbitrary rules through violence.

That still doesn't mean anything.

The violence done to you can be arranged through several removes. You will think you are making bank when you are really getting screwed. The powerful will always be subject to the moral hazard they create for themselves, and you pay for.

This is bullshit and you know it. And if you don't, I'm going to stop wasting my time with someone who clearly has no idea how people act and why they act the way they act.
1908  Economy / Speculation / Re: Rally!!!!! on: June 19, 2012, 10:30:50 PM
It will be a market regulated by strictly market consumers i.e. a free market. I already told you free doesn't mean anything goes. Free means no rulers imposing arbitrary rules through violence.
If chodpaba's hypothesis of collusion is correct, there will be arbitrary rules imposed, through the threat of financial ruin.

Yes there would be arbitrary rules imposed, but not collectively, not with violence, and not by a ruler, but by those consumers who felt such rules are what they require before they'd be willing to do business. That's how a "free" market works.
1909  Bitcoin / Bitcoin Discussion / Re: wikileaks "Bitcoins cannot be easily tracked back to you" WTF?? on: June 19, 2012, 10:19:11 PM
so it's traceable or not?

A pretty accurate answer would be: It can be untraceable if you take extra precautions and know what you're doing.
1910  Economy / Speculation / Re: Rally!!!!! on: June 19, 2012, 10:14:15 PM
It will be a market regulated by strictly market consumers i.e. a free market. I already told you free doesn't mean anything goes. Free means no rulers imposing arbitrary rules through violence.
1911  Economy / Speculation / Re: Rally!!!!! on: June 19, 2012, 10:10:50 PM
I don't... YET.

Just like in the physical world where we do have the identities of all participants (for the vast majority anyway), if the need arises, the market will provide this service in the online world.

Here's a friendly advice, don't pretend to be smarter then the market, because you're not, no one is.
1912  Bitcoin / Bitcoin Discussion / Re: Need options to make this trade work? on: June 19, 2012, 09:33:27 PM
Get a short term loan for the escrow to cover the goods he'll send to you.
1913  Economy / Speculation / Re: Rally!!!!! on: June 19, 2012, 09:27:06 PM
You make no sense yet again. I don't understand how you can be so naive to think that you can cause trouble in a market and somehow escape your now damaged reputation by simply switching to a different market.

It's a two way street, what part of this don't you understand?  Roll Eyes
1914  Economy / Speculation / Re: Rally!!!!! on: June 19, 2012, 08:48:58 PM
What you fail to account for is the fact that if they abused this leverage the other participants on the open exchanges would punish them eventually by refusing to do business with them. In other words you fail to realize this market regulated by strictly market consumers i.e. a free market is always a two way street.
1915  Economy / Speculation / Re: Rally!!!!! on: June 19, 2012, 08:26:43 PM
I'm sorry but you are making zero sense.
1916  Economy / Speculation / Re: Rally!!!!! on: June 19, 2012, 08:11:45 PM
Don't forget, there was a $40k wall which sparked the rally out of $5, and enormous walls have been going up and down since -- this isn't organic.

LOL. I dont have that much money, therefor it is not organic...
Okay, I guess a tiny group of people people placing $40-100k walls around is "the free market at work." Surely their intent is to do nothing but discover the current value of Bitcoin, and all will be most efficient.

ETA: Not to say I'm not bullish short-term.

Okay, so its not a 'free market at work' because there happen to be only one or a few high net worth individuals participating?

Interesting definition...

http://en.wikipedia.org/wiki/Free_market

A free market is not necessarily a fair market.

Adam Smith had some recommendations for the fair and sustainable operation of markets, including regulation against collusion and monopolies. Yeah—we are not doing that successfully.

A free market in reality isn't really free (as in anything goes kind of free), but rather it's a market regulated by strictly market consumers therefor it's up to the consumers what kind of a market a "free" market really is.

Actually, not everyone gets to choose which markets they participate in. The situation we have is that very wealthy participants get to choose between all markets, and they collude to exclude most people from participating in all the same markets they do. This gives them more leverage in the 'retail' markets compared to the average market participant.

In short, consumers get what they are handed. They get to participate 'freely' in a small subset of markets...

I don't really understand how you think you argued against anything I stated. If you can't participate, you aren't a consumer in that market by definition, but the market is still regulated strictly by it's consumers, whether that's limited to only people who can afford to participate is irrelevant or are you suggesting to force people to make participation affordable to everyone?

In other words you aren't a consumer in a market if you can't afford to be a consumer in that market.
1917  Economy / Speculation / Re: Rally!!!!! on: June 19, 2012, 07:30:51 PM
Don't forget, there was a $40k wall which sparked the rally out of $5, and enormous walls have been going up and down since -- this isn't organic.

LOL. I dont have that much money, therefor it is not organic...
Okay, I guess a tiny group of people people placing $40-100k walls around is "the free market at work." Surely their intent is to do nothing but discover the current value of Bitcoin, and all will be most efficient.

ETA: Not to say I'm not bullish short-term.

Okay, so its not a 'free market at work' because there happen to be only one or a few high net worth individuals participating?

Interesting definition...

http://en.wikipedia.org/wiki/Free_market

A free market is not necessarily a fair market.

Adam Smith had some recommendations for the fair and sustainable operation of markets, including regulation against collusion and monopolies. Yeah—we are not doing that successfully.

A free market in reality isn't really free (as in anything goes kind of free), but rather it's a market regulated by strictly market consumers therefor it's up to the consumers what kind of a market a "free" market really is.
1918  Other / Politics & Society / Re: What's so special about the NAP? on: June 19, 2012, 10:27:30 AM
I keep asking a certain question in various formats, but never get an answer. I'll try again.

How would a NAP society remain a NAP society?

I believe here's my answer: https://bitcointalk.org/index.php?topic=88184.msg972865#msg972865
1919  Other / Politics & Society / Re: What's so special about the NAP? on: June 19, 2012, 12:30:35 AM
Again your lack of knowledge in economics is showing, since suggesting a thief is going to still from the poor is the most basic case of lack of an incentive for such an act to actually occur in the real world unless of course you believe all thieves are lunatics not acting rationally in their own self interest.
1920  Other / Politics & Society / Re: What's so special about the NAP? on: June 19, 2012, 12:22:51 AM
How do you know it will not be worse, and infact will be even better?

Because you can't try to solve the problem of maybe being attacked and hurt/killed or maybe being robbed, by giving a small group of people the authority to perpetually rob you and definitely hurt/kill you if you resist.

Maybe > Definitely.

That's how.

What a significant body of economist fail to see is that there are quite a few areas where economic theory is not suited. I think you've been reading way to many of their works.

That's your baseless opinion, nothing more.
Pages: « 1 ... 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 [96] 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 ... 160 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!