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821  Other / Off-topic / Re: Seals are raping penguins and scientists don't know why on: November 18, 2014, 06:58:24 PM
Why? because penguins are freakin hot, that's why!  Cheesy
822  Economy / Economics / Re: why do people agree to pay taxes? on: November 18, 2014, 06:33:41 PM
...
The same reason they think fluoride is good for their teeth, the government "would never hurt them" ...

  ~Your Beneficent Reptilian Overlords.
Yes. They will tell you it is essential for proper growth of bone and teeth. What a load of government crap. There are no bones in our bodies.  Roll Eyes pfft.

Now as for paying taxes for the services we want. I would like 100% of my taxes to go to abortion clinics.
823  Other / Politics & Society / Re: Obama says FCC should reclassify internet as a utility on: November 18, 2014, 05:05:56 PM
I think I'll take my chances with Obama.
He is the smartest president of my lifetime and i trust him on this.  Wink
824  Bitcoin / Bitcoin Discussion / Re: ISIS to create own coin. How can we convince to use Bitcoin? on: November 18, 2014, 04:54:47 PM
If they do consider gold coins (you don't know, the desinformation fog is thick), the reason could be that they expect an attack on a paper money system, consisting of a competing gang of thugs printing false notes and spread them, draining resources from the country and sending the fiat into hyperinflation. It has been done.

Minting gold coins and spread them in the IS would not work, the extra coins would be just as good as the islamic coins. Making coins that looks like gold is not easy, and can be detected by anyone.


I think such an effort would work to dramatically hurt the utility of their coins. What they are issuing is a gold standard coin. It's value is based on it's commodity value and not determined like a fiat currency. That means that a fake coin does not contain the value the user expects.
While there are always ways to spot a counterfeit coin, it could be made difficult in a practical sense. The idea is to get shop owners, etc. to favor other currencies and not trust IS coins. That suppresses the value and reduces the income for the issuing authority. It would be a big operation however, and there are a lot of problems to getting them in circulation.
825  Other / Politics & Society / Re: What makes a currency meaningful? on: November 18, 2014, 04:43:39 PM
Take for example the "qualified investor" in the U.S. To be qualified you must have a million dollars and expect to make 500k this year. How insulting is that!?! It implies that the poor are to stupid to invest their own money and that just having money shows how smart you are. The system is rigged to keep normal people from investing and living off of capitol gains, exactly how the rich make their money.

The point of identifying who a "qualified investor" is isn't to exclude poor people from investments, it's about identifying a situation where there are no investors the SEC needs to protect. There are certain securities or transactions that don't need to be registered if they deal with only qualified investors. The point is to identify a transaction that doesn't need SEC oversight or registration since a "qualified" investor is deemed to have the experience or resources at his disposal to figure out for himself if the deal is legitimate or or not. It's true the SEC equates financial sophistication with wealth or level of income, but that doesn't seem to be an unreasonable correlation to me. The question comes down to financial sophistication, and the SEC has decided that the rich are more financially sophisticated than the poor, and are able to better understand the risks of investing in an unregistered security, which is riskier than a registered security. To a lesser extent, this identifies situations where the government doesn't need to get involved so it can lessen its regulatory burden, but it's mostly about situations where the government doesn't have to oversee or register the securities because everyone involved can take care of themselves.
I see what your saying but the implication that having wealth equals financial knowledge is false. If one were born mentally challenged but a millionaire he/she would qualify while another person with an advanced degree in economics will not qualify if they are not rich. The only reason why this law exists is to protect the wealthy from normal people entering into investments.
Why for example can't a normal person invest $500 in a startup? Even if their poor stupid self invests unwisely, they wont go broke. And there is nothing to keep a wealthy person from investing in a ridiculously bad option. It is not about protecting anyone. It is about the fact that the wealthy do not work for a living, they invest. If everyone could do that then the rich would face competition from the people who are supposed to be busy making them money. 
826  Economy / Economics / Re: why do people agree to pay taxes? on: November 17, 2014, 09:27:11 PM
A lot of people here find taxes tyrannical. But who will commit to not using the services they pay for? That would strengthen the case for not paying. I can respect that. If you are using all the benefits of taxation but not paying, then you are just sticking your bills to another person who will have to make up for you. I can't respect that. 

I don't mind paying my share, but I want the government to go after dead beats if it means I will have to pay for them. 

The problem isn't all services and all taxes.  The problem is the cruise missiles that cost $1 million each, and all the other military hardware that only makes us less safe.  Our enemy has become a body of ideas, and by waging a war of force, we are creating more orphans, who are the most vulnerable to radicalization.
I'm with you on that bro! For me there is a difference between the idea of taxation and how it is spent.
827  Bitcoin / Bitcoin Discussion / Re: How I Used Bitcoin To Feed The Homeless on: November 17, 2014, 06:59:03 PM
You sir are a bit-hero.  Cheesy
828  Bitcoin / Bitcoin Discussion / Re: Founders of Counterparty are making an AMA in /r/bitcoin. on: November 17, 2014, 06:13:22 PM
Oooo. I'm interested!
829  Other / Politics & Society / Re: What makes a currency meaningful? on: November 17, 2014, 06:01:48 PM
I liked your post. But I don't think cryptocoins are going to address human greed. The only way to discourage hoarding of anything is to devalue it. Doing that destroys it's utility and will keep anyone from using it.

The big difference with something like bitcoin is not that it will keep the greedy away, but they must compete equally with you. Take for example the "qualified investor" in the U.S. To be qualified you must have a million dollars and expect to make 500k this year. How insulting is that!?! It implies that the poor are to stupid to invest their own money and that just having money shows how smart you are. The system is rigged to keep normal people from investing and living off of capitol gains, exactly how the rich make their money. The poor are expected to work and create the real value that the rich are cashing in on.
830  Bitcoin / Press / Re: [2014-11-17] Feds to auction 50,000 bitcoins from Dread Pirate Roberts on: November 17, 2014, 05:42:10 PM
This may be a good chance to get a bulk amount of coins at a bargain price. It will be a closed bid. If I remember correctly, last time Draper won all of them. So he must have bid high.
831  Other / Politics & Society / Re: Obama's Net Neutrality Statement: What it Really Means on: November 17, 2014, 05:38:07 PM
It shows how far we have sunk. Now people just react based on politics without a clue as to what they are talking about. "oh, he's for it? Them I'm against it!". Roll Eyes
832  Other / Politics & Society / Re: Anyone following the ebola outbreak? on: November 17, 2014, 04:44:56 PM
I think the numbers coming out now are crude estimates. It's just to unsafe to get a reliable count in the hot zone. It may have to burn itself out.  Cry
833  Economy / Economics / Re: why do people agree to pay taxes? on: November 17, 2014, 04:32:05 PM
A lot of people here find taxes tyrannical. But who will commit to not using the services they pay for? That would strengthen the case for not paying. I can respect that. If you are using all the benefits of taxation but not paying, then you are just sticking your bills to another person who will have to make up for you. I can't respect that. 

I don't mind paying my share, but I want the government to go after dead beats if it means I will have to pay for them. 
834  Other / Politics & Society / Re: Obama's Net Neutrality Statement: What it Really Means on: November 17, 2014, 04:01:30 PM
Hi guys, fucking communist dumbass here.  Cheesy

It looks like it's working. Vast numbers of people have been signing petitions and they are making their way into the hands of lawmakers.

http://www.change.org/p/tom-wheeler-save-net-neutrality
https://petitions.whitehouse.gov/petition/restore-net-neutrality-directing-fcc-classify-internet-providers-common-carriers/5CWS1M4P
http://cms.fightforthefuture.org/tellfcc/
https://www.aclu.org/secure/FCC_preserve_net_neutrality
http://www.savetheinternet.com/sti-home

Cheers.
835  Other / Politics & Society / Re: Is there a reliable charity organization ? on: November 17, 2014, 03:47:51 PM
The United way is the largest charitable organization in the world and they take bitcoin. They pass on their donations to many, many smaller campaigns.

http://www.unitedway.org/
836  Bitcoin / Bitcoin Discussion / Re: The transaction fee is just ridiculous. on: November 17, 2014, 03:45:21 PM
What about those moments when people accidentally omit a few zeros and end up sending transactions with 0.1 BTC worth of fees?
In that case I'm afraid it's bad news.  Undecided
Or if you are the miner who included your block, It's good news.  Smiley
837  Bitcoin / Bitcoin Discussion / Re: ISIS to create own coin. How can we convince to use Bitcoin? on: November 17, 2014, 03:37:59 PM
We all know how Isis is being funded and its good old dolla dolla bill yallz....
Ffs people... Fool me once..... Fooled me you can't get fooled again!!!

IS receives it's funding from several sources. Initially most of the money came from wealthy patrons in gulf states and from unwitting charitable donations. Once they started winning on the battlefield they developed new revenue from looting antiquities and eventually from selling oil at captured refineries. They also sell slaves and captured military equipment.

The oil is sold in Turkey for gold using intermediaries in the gulf and even to Assad's regime. I think that is why the Caliphate is going with gold coins. Of course, they also will practice Islamic banking. They will not allow loans (usury), as it is a sin in Islam. It used to be a sin in Christianity also, but so did all sorts of things we do everyday. Christians just ignore many of their Gods laws now.

What can we do about it? Hmmm. if I were a player in the CIA I would start printing identical gold plated coins. I would insert millions of them into the region and destroy the trust that one must have using gold coins. If you can't prove a coin is gold then you are a lot less likely to accept it.

EDIT: Hey next time I'm in the area I'll see if I can get a wax impression of one of these coins! Maybe I'll make some phony ones for fun? I think that is legal? I'll be there in a few months.
838  Other / Beginners & Help / Re: Will bitcoins price increse when theres none left to mine? on: November 17, 2014, 03:18:22 PM
When there is none left to mine, only a few miners would keep on mining to move transactions in the network. And because of the insufficient miners, the tx over the network would be slow.
Not at all.
If you read the whitepaper you will see that miners will continue to be paid as long as the system exists. They will not be profitable finding block rewards, but they will receive Tx fees. Over time this will become the most important revenue stream for them.
Satoshi's system has many rewards and disincentives to keep the traffic going. The fee will be a function of the lowest value that miners will accept, whatever that fee is. Right now if you fail to include a Tx fee, your transaction will likely go through. Once blocks are rare and Tx fees are the main revenue, you will need to include a fee or your transaction will likely be orphaned. 

Starting mining now will require a very large investment in equipment. It's not a home business anymore. IMO.
839  Economy / Economics / Re: why do people agree to pay taxes? on: November 14, 2014, 09:56:13 PM
I pay my taxes and I'm certainly not afraid of my government. I don't always like how they spend it, but the basic idea of taxes is an idea is so successful that it is used in almost every part of the world.

For me the biggest problem is that we all pay wildly different taxes. Furthermore, the wealthiest people often pay the lowest rates. And corporations have gamed the system to a point of corruption.  They get tax breaks for sending jobs out of the country and are rewarded by paying almost nothing (or nothing). Of course the bills still come in and that leaves you and me to pay for their breaks.
840  Other / Politics & Society / Re: Malaysia Airlines flight MH17 was shot down by an air-to-air missile on: November 14, 2014, 09:44:20 PM
Russian propaganda is great at tricking Russians. The rest of the world just laughs at it.
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