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1701  Economy / Economics / Re: Bitcoin major fail - doesn't allow credit creation (aka deflationary currency) on: December 08, 2012, 01:04:34 PM
The world has used gold as money for thousands of years because its purchasing power cannot be inflated away by governments and banks. Gold is mined at roughly the same pace as the increase in world population.

Well, you are forgetting 17th century southern Europe when Spain imported so much plundered gold from the New World that it caused widespread inflation.

This raises an interesting questions: Is bitcoin (or something like it) the final nail in coffin of nationalism? Once everyone's using the same money... doesn't that largely remove the need for government beyond the local level?



By itself, no. 
1702  Other / Politics & Society / Re: How Libertarianism was created by big business lobbyists on: December 08, 2012, 12:58:23 PM
Just ask a few questions, laugh at the right idiocies, and the sociopaths will do the rest of the job of neutralizing themselves.

While correct, that's still trolling; you know that, right?

Is it still trolling if you troll the trolls?

The answer is in the question.

Then let me rephrase:
Is it still murder if you kill a murderer?

Depends upon the conditions, of course, since the very word "murder" implys an unjust killing.
1703  Other / Politics & Society / Deck the Halls with Macro Follies.... on: December 07, 2012, 10:08:46 PM
http://cafehayek.com/2012/12/the-very-talented-mr-papola.html

New bit from EconoStories
1704  Other / Politics & Society / Re: How Libertarianism was created by big business lobbyists on: December 07, 2012, 09:44:01 PM
Just ask a few questions, laugh at the right idiocies, and the sociopaths will do the rest of the job of neutralizing themselves.

While correct, that's still trolling; you know that, right?

Is it still trolling if you troll the trolls?

It's "trolling" when I say the truth. It "isn't trolling" when he calls me names, or OP posts a slanderous fabrication that will anger many libertarians.

Remember when I spoke about the tactic of insulting? OK, so... there you go.

You are proving my point.  And no, responding to slanderous fabrications with more of the same isn't helping.
1705  Other / Politics & Society / Re: How Libertarianism was created by big business lobbyists on: December 07, 2012, 09:42:28 PM
Just ask a few questions, laugh at the right idiocies, and the sociopaths will do the rest of the job of neutralizing themselves.

While correct, that's still trolling; you know that, right?

Is it still trolling if you troll the trolls?

The answer is in the question.
1706  Economy / Service Discussion / Re: Mt. Gox skims off the top? on: December 07, 2012, 09:22:41 PM
Are you making an accusation?  Or just speculating?

A, B, and C:

wanting someone to tell me whats going on

MtGox openly takes a small percentage of the transfer as a fee.  It's been a while since I messed with MtGox at all, but last I checked, they state that orders should execute at the actual price plus fee even if the bid amount is higher than the ask.

and im assuming if someones selling at 13.50 and another at 13.49 if someone bids 13.50 they should first takeout the guy selling at 13.49 not skip him,


That's been my experience, yes.

Quote
but they always charge the bid price, so where does that extra money go?!

Nowhere.  While I have done this kind of thing (not recently and not at this kind of price level), when I put in a bid that is over that of the best ask, I'm charged for the best ask for as many bitcoins as were available at that price.  My account balance doesn't change based upon how much I bid, but how much that actual sale was for, plus fee.
1707  Other / Politics & Society / Re: How Libertarianism was created by big business lobbyists on: December 07, 2012, 09:17:39 PM
Here is the deal: statists will say any lie to prevent the truth of what the state does from being discovered and propagated.  When they run out of lies, they switch to the tactic of insulting. At this point, their sociopathic tendencies are pretty obvious from their behavior. Their while goal (even as they are not aware of it) is to sabotage any thought that might expose their belief system as sociopathic. That is why they spare no vitriol for voluntarism.

Once you understand this as their goal, their character as ebwitting saboteurs, my job becomes much easier. I am not out to convince the sociopaths - that would be sisyphean and futile - I am only out to have them expose themselves.

Just rrk a few questions, laugh at the right idiocies, and the sociopaths will do the rest of the job of neutralizing themselves.

While correct, that's still trolling; you know that, right?

Rudd-O, I often cring when you jump into a conversation, because I both tend to find your participation to be both provocative & content-lite, as well as often arguing on my own side.  As a moderator, I find this to be an aggravation.  For while I often find your comments funny, they usually lack any particular merit.  This very comment is more civil than your norm, but otherwise typical.
1708  Other / Politics & Society / Re: How Libertarianism was created by big business lobbyists on: December 07, 2012, 09:00:35 PM
What makes anyone actually think the interpretation of this cartoon is the foundation for anything that qualifies as rigorous argument?

No one, but it's fun to watch you guys flop around.
1709  Economy / Service Discussion / Re: Mt. Gox skims off the top? on: December 07, 2012, 08:59:12 PM
Are you making an accusation?  Or just speculating?

A, B, and C:

wanting someone to tell me whats going on

MtGox openly takes a small percentage of the transfer as a fee.  It's been a while since I messed with MtGox at all, but last I checked, they state that orders should execute at the actual price plus fee even if the bid amount is higher than the ask.
1710  Other / Politics & Society / Re: How Libertarianism was created by big business lobbyists on: December 07, 2012, 08:56:09 PM
art peace love liberal: About 4,910,000 results (0.61 seconds)

art peace love libertarian: 4 results, and then it says "Results for similar searchs" with about 1,120,000 results.

Ooh! A new one!

Your logical fallacy is...

This really is quite fun. Like playing Whack-a-mole with fallacies. Whack-a-fallacy.

Yeah, that's the first time I've ever seen a popularty/bandwagon argument used on an Internet forum, although it's a pretty common one to be used by my wife's family.

It's certainly the first time I've seen him use it. (Other than, of course, his constant reliance on Democracy.)

Hmm, yeah I guess faith in democracy would be a special case of this.  I wonder if simply referencing opinion polls would qualify, since I've done this one myself. I know that polls don't actually count as an argument, but I wonder if there is a finely definable limit as to what their usefulness as supporting evidence actually is.
1711  Other / Beginners & Help / Re: USD cash deposit for BTC. on: December 07, 2012, 08:52:31 PM
Bitinstant.com or Coinbase.com are two good ones.
1712  Economy / Service Discussion / Re: Mt. Gox skims off the top? on: December 07, 2012, 08:50:21 PM
Are you making an accusation?  Or just speculating?
1713  Other / Politics & Society / Re: How Libertarianism was created by big business lobbyists on: December 07, 2012, 08:47:04 PM
art peace love liberal: About 4,910,000 results (0.61 seconds)

art peace love libertarian: 4 results, and then it says "Results for similar searchs" with about 1,120,000 results.

Ooh! A new one!

Your logical fallacy is...

This really is quite fun. Like playing Whack-a-mole with fallacies. Whack-a-fallacy.

Yeah, that's the first time I've ever seen a popularty/bandwagon argument used on an Internet forum, although it's a pretty common one to be used by my wife's family.
1714  Bitcoin / Technical Support / Re: Compressed vs. Uncompresed Private Keys on: December 07, 2012, 06:48:05 PM
Well, I guess I was the one confused.
1715  Bitcoin / Technical Support / Re: Compressed vs. Uncompresed Private Keys on: December 07, 2012, 06:38:20 PM
One of us is confused.  The public and private keypairs are just really big numbers, and are not compressible.  The leading 5 on a bitcoin address denotes a private key expressed in bitcoin's own format, with a built in checksum.  I know not what the others represent, but could represent keys expressed raw, or keys expressed in the format for the testnet.
1716  Bitcoin / Technical Support / Re: Why was this transaction not included in a block? on: December 06, 2012, 10:13:42 PM
Looks like it was included in a block.
1717  Bitcoin / Technical Support / Re: Why was this transaction not included in a block? on: December 06, 2012, 10:10:58 PM
Okay now I'm quite confused. is there a soft maximum number of transactions included into a block?


There is currently a hard data size limit for a block at one MB, and a soft data size limit for all transactions that do not pay the minimum fee of roughly 10% of that, or about 100KB.  Since the average transaction is about 1.5 KB, it'd only take about 70 free and low fee transactions to hit that soft limit.  Eventually, though, such transactions do make it in.

Quote

And is my transaction even valid if it's listed on blockchain.info but has not had a confirmation yet, if it was a 'double spend' for example it wouldn't even be listed on there right?

Blockchain.info can't really know if your transaction is part of a double spend attempt or not, because such conflicts are sovled by a race of sorts.  When a transaction is broadcast to the network, it is received, checked for validity, and forwarded to all that node's peers.  If any node has already seen a transaction that spends particular inputs, any other transaction that it sees afterwards that attempt to spend those same inputs will be invalid, and will not be forwarded.  So what happens is the two competing transactions will move across the p2p network trying to capture as much of the network as possible before they meet at a front.  Once a block is solved, whichever of the two transactions that particular node saw first will be included, and the other becomes forever invalid.  Once that block is accepted by the part of the network that saw the losing transaction first, the losing transaction is droped from their transaction queues altogether.  So under such conditions, the transaction that hits the p2p network first has the advantage.  Right now, the edge to edge propogatin time for the entire network is only about 10 seconds, so it's a very small window of opprotunity.
1718  Economy / Service Discussion / Re: Bitcoin-Central, first exchange licensed to operate as a bank. This is HUGE on: December 06, 2012, 09:11:42 PM
I give it two months before there are real problems between Paysius and their fiat banking partners.  It won't be their fault, of course, but this will not last.
You confuse Paysius with Paymium.
Sorry about that.
Quote

Also quoted, let's check back in two months.

I'd love to be proven wrong.
Quote
I don't really see why this would fail, there's business to be made by everyone, re-read all that has been posted about the MACARAJA v. CIC case. The judges had absolutely no problem with Bitcoin, they had a problem with Karpeles arguing that he did not need any license to do what he did.

We did our homework, you can never control everything, but we did what we had to.
I believe that you have done your homework, and I believe that it's perfectly legal.  However, I also am aware that there are vested interests for which any advancement for Bitcoin is a threat.  I am also aware that some of these vested interests really don't care whether or not Bitcoin is or should be legal.  Pressure will be imposed upon your trading partners to abandon you, for whatever excuse that they can conjure up.  Ultimately they will all conclude that the business that they stand to gain from working with you is far outweighed by the business that they stand to lose from other sectors.  Paypal is much larger than the whole Bitcoin economy, but they were strong armed to not permit users from places in the world for which the US federal government lacks influence.  There is no gain for Paypal to exclude potential markets, either; but that is what has happened.  You have just become a single point of failure for the Bitcoin economy in Europe, and aspects of your life are about to turn crazy and beyond your own control.  I will add you and your family to our prayer list, because that is the extent for which I can do anything.  I would caution you to retain a good lawyer, if you have not already, and set up a bitcoin address for legal donations, should things really start to spiral.
1719  Economy / Service Discussion / Re: Bitcoin-Central, first exchange licensed to operate as a bank. This is HUGE on: December 06, 2012, 07:17:38 PM
I give it two months before there are real problems between Paysius and their fiat banking partners.  It won't be their fault, of course, but this will not last.
1720  Other / Politics & Society / Re: How Libertarianism was created by big business lobbyists on: December 05, 2012, 10:13:36 PM
Had the government not taxed the wealth that funded that research, those who produced that wealth would have used it for things they value more.

Only time will tell. The past doesn't necessarily corroborate your views.

Time will not tell.  That is the very point.  We can't have two versions of society running side by side, with a government control and an anarchist experiment.  Well, we can sort of.  That was the original idea behind the seperate soverignty of the individual states of the US, but we don't really have that experiment anymore.  Some people simply aren't willing to let the experiment be long enough to have a conclusive outcome.  It's simply against their nature.
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