Exactly how is regulation at fault for the massive scamming and lack of restitution in bitcoin ? Please indicate where anything remotely similar to this was stated in this thread. As we said above corruption =/= fraud. Two separate problems. With different solutions. Reputation, escrow, blacklists. All partial solutions to fraud. There are many others... but I get the feeling that you are changing the subject. Nevertheless the Bitcoin economy is the perfect experiment of how those solutions will be tested and implemented (with a great deal of trial-and-error), and prove superior to the alternatives... which is not a perfect world without wrongdoers, but Paypal, Credit cards, bank wire transfers and the traditional banking system and financial world, which are not fraud-proof or scam-free as far as I can tell. We'll see which one works best once Bitcoin matures (it takes time) and the dust settles. But please let's be fair and compare between real world alternatives, not between imperfect reality and ideal/imaginary perfection. Remember that Bernie Madoff's scam was overseen and regulated by the SEC and was bigger than anything that has ever happened in the Bitcoin world. |
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No, I just dont see any solution to get from where we are to a better place. All I hear on this forum is extremism with no answers to the transition.
People advocating removing everything all at once dont see how disastrous it would be.
Well.. read "The Machinery of Freedom" for starters.. it has a full chapter on transition called "How to get there from here". The book is available for free online. |
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Exactly how does having complete anarchy deal with corruption ? For that is the real issue that neither full regulation or anarchy can deal with in any way. Telling people that removing all rules will sort out the mess is the thinking of a retarded child.
If there was any effective measures in place the corrupt would be in jail right now but that hasn't happened. Just as with bitcoin you can scam and get away scott free so I dont see complete unregulation as the answer either.
I'm sorry.. are you worried about corruption or fraud? They are two different things. To corrupt or bribe a politician, they need to have power. They need to be able to decide over other people's money. Take away the power and you reduce the incentive to corrupt and the possibility to be corrupted. By definition. As for "private corruption" (ie: bribing an executive to decide against the best interests of his own company) there are powerful ways, both positive and negative, to fight it, as well as strong incentives to do so... as companies where corruption is rife tend to be a bad investment. Fraud and scams are a completely different issue and there are a number of answers, none perfect, but many arguably better than "let's put someone in charge who will punish the wrongdoers" precisely because that "person in charge" immediately becomes the perfect target for corruption. That you have never even heard about these probably marks you as a victim of government brainwashing aka "education". |
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Is he meaning to endorse Bitcoin here? If he is, it would be major ammunition for libertarian audiences. Unfortunately, whether coincidental or not, the photo isn't clear enough to tell it's not shopped.
Photo is not shopped. I was present when it was made. But ask DF himself what he means by it, he is quite responsive to comments in his blog: http://daviddfriedman.blogspot.com |
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The pic was taken in Madrid, Thursday 24th Jan, so pretty recent.
He knows more about Bitcoin than he lets on, but his knowledge of the Bitcoin ecosystem is off by about 6 months... things are just moving very fast, and he is almost 70yrs old.
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Fractional reserve banking. Fiat money. Central banking.
All key causes of the business cycle and its latest iteration. None result of "unregulated" markets, but rather of regulations designed to give banks special privilege.
Read about regulatory capture please...
Not to mention the entire response to the bust: bailouts, QE, ZIRP... All designed to prevent liquidation of bad debt, save the banks and screw savers, Main st and taxpayers.
But go on believing that politicians and regulators are your friends....
..on a completely unrelated topic... You look like a discerning and intelligent young man... are you interested in my risk-free, double your Bitcoins in a week, FDIC-guaranteed bitcoin pyramid?
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His father Milton was one of the first to envision a mathematical "monetary rule" which would make central bankers unnecessary. ...and of course his son Patri Friedman is the founder of the Seasteading Institute.
His book (written 40 years ago) also has a an entire chapter called "The Market for Money" in which he advocates for private currencies.
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Ancap guru and author of "The Machinery of Freedom" David Friedman and Bitcoin  |
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Seguramente a las 20:00 Por cierto... David Friedman |
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...y habrá que hacer una demostración, así que espero que hay muchos voluntarios potenciales con monedero instalado en el móvil.
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El 23 de febrero daremos una charla sobre Bitcoin y monedas alternativas en el Instituto Juan de Mariana: http://www.juandemariana.org/Para los que no podáis asistir, la charla se retransmitirá por streaming y se colgará después en YT. Los ponentes seremos vescudero y yo, pero la haremos altamente participativa. Pido ayuda a todos los foreros para que la presentación sea completa, sencilla y útil. Todas las ideas son bienvenidas. |
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Nice. Hoping that you add UK and Spain soon.
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Jon Matonis: Bitcoin Casinos Release 2012 Earnings http://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/SatoshiDice reported first year earnings from wagering at an impressive ฿33,310. BitZino reported first year earnings from wagering of ฿10,137. Seals With Clubs would be earning at least ฿20 per day on 4,000 raked hands dealt (or ฿600 per month on average). The operator does not make details available down to that level so we have no way of knowing with certainty. |
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@OP
I believe you are comparing apples and oranges: I see a bitcoin exchange which is charging trading fees compared to an online store yet you are listing the trading volume of the exchange along with the actual sales of the store.
That's how it's done: http://finviz.com/Every investor understands that revenue (or NII) for a financial co. does not mean the same as revenue (sales) for a retailer, margins are different, but it is still listed... That's why profit is the more useful number here. |
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bitstamp's monthly "sales" is 1,3M if you want to treat them the same as mtgox $ or BTC ? |
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Quizás funcionase mejor un flyer que sólo pusiera "¿Qué es bitcoin?"
Yo ya tengo un folleto... las fotocopias son lo más barato del mundo. Pero no quiero distribuirlo al azar... hay que buscar el público objetivo... |
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