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341  Other / Politics & Society / I just got a link to an infomercial called "Edison's Revenge" on: December 11, 2013, 10:18:22 PM
Somebody produced a professional bitcoin ad...

http://moneymorning.com/ext/bitcoin/videos/video-bitcoin.php

EDIT:  It's full of investment bullshit, but it's very well done.
342  Other / Politics & Society / Re: US health care mandate (Obamacare) on: December 11, 2013, 08:46:30 AM
...snip...

We all had access to health care before.  Again, health care access is something different than heath care insurance.  Only now, my own health care insurance plan nearly tripled in premium costs from 2013 to 2014 to cover myself, my wife and five children.  And no, I didn't have to go onto any exchange to get it, it's exactly the same as it was before, only more expensive.

So you are happy with your insurance based model.  The idea that other people get the same treatment for less doesn't bother you in the least.  

That means you are a typical American.  And as I said, as long as you guys are happy to pay more, well, more power to you.  

No, it doesn't bother me that some people get similar treatment for less.  Most markets vary with region or other factors.  People in Argentina get well made beef steak for about a fifth what I pay.  I get petrol for about 20% less than people in California pay.  So what?  What bothers me is that some people get special treatment as some kind of class of people to be favored by government largesse.  My premiums didn't go up because the real costs of my plan went up, or even because of the number of children in my care; my premiums went up so much because the regulatory overhead increased so dramaticly.  I don't benefit from Obamacare, and I don't know anyone who would.  My nephew and his family couldn't afford insurance before Obamacare, and they can't afford it now' and yet my nephew's newborn son was in Childrens' Hospital intensive care for weeks, and was recovering from his second surgery when he died at four months old.  Even the funeral service was paid for by others.  The medical bills & funeral costs were funded by several charities that exist for the benefit of young, struggling families like my nephew's.  Obamacare didn't make any difference to them whatsoever.  It didn't make any difference for my mother-in-law's triple bypass heart surgery either; likewise paid for by charities that exist to support people like my mother-in-law.  Government had nothing to do with it, insurance had nothing to do with it, and taxpayer funds had nothing to do with it.  Hell, her heart doctor did the surgery for free, and the primary charity was his own creation.  I would suspect that he gets quite the tax break for doing such things, and that the hospital does as well.  More power to them all.
343  Bitcoin / Bitcoin Discussion / Re: Why OFF-CHAIN transactions are not the solution on: December 11, 2013, 08:09:59 AM
Without competition against off-chain by on-chain means eventually it devolves to the strongest cartels controlling the off-chain system.

And the problem with transaction fees is precisely why Bitcoin's design is flawed.

Luckily this all (and more) can be fixed in an altcoin.

It can be "fixed" in Bitcoin, if it actually proves to be a problem.
344  Other / Politics & Society / Re: US health care mandate (Obamacare) on: December 11, 2013, 08:08:23 AM
I don't know, since the US has done this pretty much consistly for 100 years, but we don't have a 'right' to healthcare.
If you pay taxes, why wouldn't you have a right to healthcare?

Taxes are supposed to be for infrastructure and defense, not individual needs.  Do you have a right to food?  Would food insurance, subsidized by your taxes, be a good idea?

Surely a decent health system is infrastructure?  

Verily, however heath care is distinct from health insurance.  The health care system in the United States is, undeniablely, first rate.  The great debate is not about quality of care, or even access to said care, but who gets to pay for that care.  I don't contest that the way this was/is done in (generally) in the United States prior to Obamacare was unjust, unfair and generally 'un-American'; but that doesn't mean that greater socialism (in a society that prizes individual responsibility and merit) is a path to improvement.  Quite the contrary, I would argue that most of that afore mentioned un-American distribution of heath care funding was largely due to the decades of government intrusion into the health care market since WWII.  If you think that single-payer style heath insurance, as can be found in many other former colonies of the British Empire, is somehow more eifficient, more "fair" or more advanced; you are free to believe such things, and free to move there if it matters that much to you.  But the facts don't support your position.

Obamacare is an extension of the existing insurance based system


That's just nonsense.

Quote
and since Americans seem to be happy to overpay, its your right to do so.


Value is always subjective.  What is 'overpay' is also relative.

Quote
 Comparative surveys show that the single payer systems are more efficient

That's comparing apples to oranges, and you know it.  It matters a great deal what the perspecives of the researchers are towards what 'efficient' means in the context of health care.

Quote
than what you have but that doesn't mean single payer is the best possible basis for a system.  Perhaps at some point when the waste of money bothers enough American voters, you might make something better.
I would love too, but the politicos keep wanting to get more into my personal business.

Quote

 Meanwhile, at least all of you have access to health care now.

We all had access to health care before.  Again, health care access is something different than heath care insurance.  Only now, my own health care insurance plan nearly tripled in premium costs from 2013 to 2014 to cover myself, my wife and five children.  And no, I didn't have to go onto any exchange to get it, it's exactly the same as it was before, only more expensive.
345  Bitcoin / Bitcoin Discussion / Re: 1 guy owns a 30th of all the bitcoins in existence!? on: December 10, 2013, 11:35:01 PM
This thread gets more interesting by the minute.  I wonder if Satoshi is scared to come out to the public, or if he/they ever will.  Maybe if bitcoins get super mainstream, he'll come out as a hero of some sort and open his own country with the money he has o_0

Why would Satoshi have to reveal him/her/themselves in order to do this?
346  Bitcoin / Bitcoin Discussion / Re: 1 guy owns a 30th of all the bitcoins in existence!? on: December 10, 2013, 11:33:46 PM
I don't think it's a great thing that there are some people with all these coins, just too much power, but nothing we can do about it, just hope they use them for good.

A large accumulation of bitcoins implies only spending power, and nothing more.  They have no more authority to effect another person's transactions or costs than you do.
347  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: December 10, 2013, 11:31:51 PM
So, I just watched this years Nobel price ceremony on TV, and it struck me that if Bitcoin becomes the revolution some of us think. And if the person(s) behind the name Satoshi Nakamoto can be identified, He/she/they will most likely be awarded the Nobel prize in economics.

Edit: Witch would be rather ironic since that prize was added in 1968 by the Swedish national bank.

Which would be the reason that this is never going to happen.
348  Bitcoin / Bitcoin Discussion / Re: Who is Satoshi Nakamoto? on: December 10, 2013, 11:30:20 PM
But I think if Satoshi is DPR then Ulbricht is a patsy, and the whole thing doesn't make a lot of sense.

I'm pretty well convienced that Ulbricht was a patsy anyway, and wasn't ever the true DPR anyway.  I've seen no evidence to convince me that Ulbricht was more than a hired administrator.
349  Other / Politics & Society / Re: US health care mandate (Obamacare) on: December 10, 2013, 11:26:46 PM
I don't know, since the US has done this pretty much consistly for 100 years, but we don't have a 'right' to healthcare.
If you pay taxes, why wouldn't you have a right to healthcare?

Taxes are supposed to be for infrastructure and defense, not individual needs.  Do you have a right to food?  Would food insurance, subsidized by your taxes, be a good idea?

Surely a decent health system is infrastructure? 

Verily, however heath care is distinct from health insurance.  The health care system in the United States is, undeniablely, first rate.  The great debate is not about quality of care, or even access to said care, but who gets to pay for that care.  I don't contest that the way this was/is done in (generally) in the United States prior to Obamacare was unjust, unfair and generally 'un-American'; but that doesn't mean that greater socialism (in a society that prizes individual responsibility and merit) is a path to improvement.  Quite the contrary, I would argue that most of that afore mentioned un-American distribution of heath care funding was largely due to the decades of government intrusion into the health care market since WWII.  If you think that single-payer style heath insurance, as can be found in many other former colonies of the British Empire, is somehow more eifficient, more "fair" or more advanced; you are free to believe such things, and free to move there if it matters that much to you.  But the facts don't support your position.
350  Bitcoin / Bitcoin Discussion / Re: Why OFF-CHAIN transactions are not the solution on: December 10, 2013, 11:13:15 PM
The point is that users have a choice; to either manage the security and costs themselves, or contract out to another party.  Currently, consumers using fiat currencies don't have this choice.  Not really, anyway; as all real banks are part of the particular central banking system that they must adhere to.  If it's your central bank that is untrustworthy, it's a real competition among banks that is desired.  Bitcoin can offer that, but it does not garrantee it.
351  Bitcoin / Bitcoin Discussion / Re: Who is Satoshi Nakamoto? on: December 10, 2013, 04:58:07 AM
what about this scenario? the admins from p2pfoundation where satoshi talks in 2008 1st time about bitcoin. they can check his profile and get the logs-history and get possibles ip.. i am sure for that time satoshi not was thinking in dissapear and he use his REAL ip. so those things can give a IDEA from wich country he connect. city.. etc.... i think that he is only 1 guy not a group. and HE just kill satoshi identity and have another. or severals user on this forum.. and he is already multi millonarie

Nope.  Satoshi was planning on hiding from the get go.  We know this now, for no one is that good at not being found on the Internet without prior planning.
352  Other / Beginners & Help / Re: Buying bitcoin is a pain. on: December 10, 2013, 02:12:44 AM
Head over to localbitcoins.
I promise you that you will surely not be disappointed.

That's not a promise that you can make.  The experience with localbitcoins vendors is likely to vary significantly between regions and vendors.
353  Other / Politics & Society / Re: US health care mandate (Obamacare) on: December 10, 2013, 02:10:04 AM
I don't know, since the US has done this pretty much consistly for 100 years, but we don't have a 'right' to healthcare.
If you pay taxes, why wouldn't you have a right to healthcare?

Taxes are supposed to be for infrastructure and defense, not individual needs.  Do you have a right to food?  Would food insurance, subsidized by your taxes, be a good idea?
354  Bitcoin / Development & Technical Discussion / Re: Is anybody working on pruning on the main client? on: December 09, 2013, 09:32:25 PM
What is on the agenda here, forcing most of the nodes to switch into SPV mode - this is an indirect attack on the decentralization, which is an extremely important property of this currency and a major factor in its market value.

You can pretend having a good intentions, but your objective is clearly hostile.

Bitcoin was never intended to run on every user's machine.  Absolute decentralization isn't a requirement, and it's long been expected that Bitcoin will scale as much as it needs to scale, and will naturally centralize as much as it needs to do accomplish that scaling.  That said, SPV mode & pruning are both among the early plans to reduce the need for this as much as is reasonable.  There is no doubt that the whole blockchain will persist somewhere, and that this is more likely to be done by an institution for many reasons. 
355  Other / Politics & Society / Re: US health care mandate (Obamacare) on: December 09, 2013, 09:23:23 PM
lol what sort of fucked up country doesn't provide healthcare for the poor and sick?

I don't know, since the US has done this pretty much consistly for 100 years, but we don't have a 'right' to healthcare.
356  Bitcoin / Bitcoin Discussion / Re: Bitcoin "bumper sticker" mottos on: December 09, 2013, 03:31:31 PM
Oooh, I love this. Hope nobody minds if I do make a sticker or two out of these.

Dude, that is literally the point.
357  Bitcoin / Bitcoin Discussion / Re: Who is Satoshi Nakamoto? on: December 09, 2013, 02:51:05 PM
Who is John Galt?

An electrical engineer, reportedly.
358  Bitcoin / Bitcoin Discussion / Re: Who is Satoshi Nakamoto? on: December 08, 2013, 02:19:42 PM

Interesting. That IP address wouldn't be 192.168.0.1 per chance?

No, its not that one.

It was a trick question, the entire set of addresses that start with 192.168.x.x are part of a reserved block of addresses for a class C intranet.  There are no Internet providers that use that subnet.
359  Bitcoin / Bitcoin Discussion / Re: Bitcoin decentrilization myth on: December 08, 2013, 02:11:22 PM
There is no minimum amount of hashes that one needs to produce to contribute to Bitcoin mining. It's totally parallelizable.

Nobody is going to run a machine for a few cents or dollars, or run at a lose of electricity cost. Even if they run a small unit just to sort the network,  their 10gh is nothing compared to THs and PHs large miners will deploy so end of the day, your small miner becomes smaller and smaller share of the network.



I'm doing it right now, because I need heat in my basement anyway, and electric service is 7.5 cents per KWH where I live.  That's about the same as the cost of propane, which is my other choice.  So why not, since I have the rig?

Can't compare us to the rest of the population, who will never run a miner.


We don't need everyone to run miners.

Quote
Secondly you running that 1 rig doesnt matter. As the network grows your share of the network decreases for people to keep it decentralized they need to keep adding hash as the network grows. The big guys will keep getting bigger while the small will get smaller.


So?  Do you think that wasn't foreseen?

EDIT: When we say that Bitcoin is decentralized, we mean that the network has no 'center'.  There is no node with more authority than others.  Massive mining centers could be shut down by fedco, but so what?
360  Bitcoin / Bitcoin Discussion / Re: Bitcoin decentrilization myth on: December 08, 2013, 05:43:22 AM
There is no minimum amount of hashes that one needs to produce to contribute to Bitcoin mining. It's totally parallelizable.

Nobody is going to run a machine for a few cents or dollars, or run at a lose of electricity cost. Even if they run a small unit just to sort the network,  their 10gh is nothing compared to THs and PHs large miners will deploy so end of the day, your small miner becomes smaller and smaller share of the network.



I'm doing it right now, because I need heat in my basement anyway, and electric service is 7.5 cents per KWH where I live.  That's about the same as the cost of propane, which is my other choice.  So why not, since I have the rig?
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