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5001  Economy / Economics / Re: Will you invest in a MLM scam in early stage? on: March 24, 2017, 11:50:25 AM
If the pyramid isn't fair, how else should it work? Those at the bottom (newcomers) will earn right away?

Looking past, those that are at the top used to be at the bottom of the pyramid. They also did hard work and then those that they've recruited have done a good job. So they end up getting more referral rewards without doing that much. This is something that you'll here from an MLM promoter. "Those that are at the top were once at the bottom. Start your own pyramid now and be the upline of the new ones." or something like "It's not too late to start your own pyramid."

There are even MLM promoters that say that you don't have to do anything at all. You can just sit down and then you'll earn money. That's pretty unrealistic unless you've established your network already. But you can't earn money by just sitting down if you just joined their network.

All these MLM crap are causing me head aches.

My personal preference is everyone having a percentage of overall profits. Basically the payment system Captain Ahab's ship, The Pequod, used in the book Moby Dick.

With set wages, there isn't much incentive for people to work harder or smarter.

If someone is paid $7 an hour, they're paid the same whether they work hard or slack off.

There isn't much incentive for them to work in the best interests of their employer.

Being paid a percentage of overall profits could give people incentive to do their job better as their wage is tied to the overall well being of the parent organization.

MLM's tend to mirror the executive format of fortune 500 companies in some ways, which could be said to reinforce wealth and wage inequality as CEO's are often paid exponentially more than they should for the amount of work they do.

MLM's might also be said to reward seniority more than hard work, which could in turn reinforce the type of glass ceiling which prevents deserving people from being promoted past a certain point.

The way MLM's are structured isn't as fair or balanced as they could be imo.

But like I said from the beginning, this is my personal preference. I'm sure there are those who disagree & have their own views.
5002  Bitcoin / Bitcoin Discussion / 10 MOST WONDERFUL THINGS TO PURCHASE WITH BITCOIN on: March 24, 2017, 11:36:03 AM
Quote
For a long time Bitcoin owners have wondered whether they can purchase anything for the cryptocurrency coins they own, and now they are finally in their Elysium of abundant merchandise. Online environment is currently full of Bitcoin only retailers that offer consumers numerous items and services, such as luxurious accommodations, rare collectibles or even a ticket to the spaceship, thus, there is a list of most wonderful things the users can buy without having to exchange their digital coins.

A flight into space

Travelling to the outer space is a rare experience which is challenging to get for those who are fascinated by the beauty of the unknown. Therefore Richard Branson, the founder of Virgin Galactic Company that specializes in unusual journeys, decided to give the consumers an exceptional opportunity to see how the blue planet looks from thousands of miles above while trying to make the new horizons more accessible and to improve the life on Earth by researching the space.

Now Bitcoin holders can get a chance to join the future passengers of SpaceShip II and the price of a roundtrip is approximately 340 BTC. The spacecraft is winged, which makes travelling through space more comfortable and enjoyable. The vehicle is designed to carry 6 passengers and a small crew, making the participation exclusive. Additionally, all the participants will officially become astronauts; therefore it’s a great way to get a title along with new impressions.

Bitsat

Dunvegan  Space Systems are planning to launch a unique nano-satellite, BitSat, in the nearest future, which, in turn, will provide the wealthy consumers with an opportunity to process data and broadcast information from outer space. The product is equipped with a strong security and control systems, data storage and a solar panel power system, and has a variety of settings for a number of personal and business purposes.

Additionally, BitSat is available for Bitcoin operations with a capacity to maintain a complete blockchain, providing a consistent connection with an earthly network by an independent confirmation of each bitcoin block. The price of a private satellite is nearly 950 BTC per unit, or 18.050 for the 24-unit constellation; nevertheless spacecraft, a five-year maintenance and all further operations are included. Who wouldn’t agree to control a terrestrial business from outer space?

Robo 3D printer

The technologies of the future keep developing rapidly, and now there is an opportunity to obtain a smart Robo 3D printer for consumers in the United States, using the saved BTC. Prices vary from US $700 to $1.500, free shipping included. The brand new model has a capability to print two items at once, and consumers are able to create anything they can imagine using a digital device, after uploading a special app.

To create a variety of models at a high speed, company offers over 30 different materials with a compact print size: 8 inches in diameter, and technical support is included. All models are equipped with Wi-Fi, an automatic self-adjustment system and a removable print bed. The machines are useful for the customers who have a passion to create a lot of complicated features, and get a result as soon as possible, which makes it a fascinating purchase or gift.

University degree

Educational institutions acknowledge the need for alternative ways of paying tuitions, and the innovators are heaving in sight. The University of Nicosia, the most popular university in Cyprus that offers academic courses in English, is the first explorer to accept bitcoin. Furthermore, the institution has launched a free online course which is intended to present cryptocurrencies, their technical characteristics and history.

Moreover, the Alma Mater has invented a Masters of Science degree in Digital Currency, that can be obtained online or on school grounds, and addressed to young developers, business representatives, accountants, entrepreneurs and anyone else interested in the expansion of the growing market. To get a new-wave education the future students need to pay tuition fee at the rate of approximately 23 BTC (US $16,250), a fair price for getting acquainted with likeminded specialists during the learning process.

Mini-submarine

For fans of underwater world, there is a luxury submersible that has a capability to dive 300 meters deep with up to 3 passengers. The mini-submarine has an exceptional design and a relatively small height, which allows it to be placed at any superyacht with the use of special equipment. In addition, the underwater craft is geared up with 6 effective thrusters to cope with the tides along with an air conditioning system and effortless embarkation.

The side-hatch makes the core of the submersible easily accessible for necessary checkups while staying on board, and the lithium-ion battery system allows owners to travel for 12 hours. Should unexpected complications occur, the safety components will ensure passengers’ protection, including 4 days of life support. The submarine costs 2,046.325 BTC and might diversify the lives of millionaires, who long for new impressions.

Tri-Deck Mega Yacht

Once prosperous customers have a hold of the submersible, they might be willing to purchase a yacht, and that can also be done with Bitcoin, for the price reduced by US $ 5 million, and it is still negotiable. The average cost of a yacht is US $20 million, and here a consumer has a chance to obtain a new watercraft for US $ 6,300,000 million, or 5,710 BTC. The length of the boat is 120’, and it’s currently located in California, USA.

The Mega Yacht features 8 spacious staterooms, a captain’s stateroom, a sky lounge, 2 bridge decks, an engineer cabin, a salon and a dining room. The fuel capacity is 5,000 gallons, and the water capacity is 650 gallons, which is great for long journeys. Taking into consideration the number of VIP rooms, the mega yacht can serve as a luxurious water house for a big family, or as a cost-effective investment with prospects for future rent.

Precious metals

According to the latest data, Bitcoin is often called the modern gold, and now consumers have an opportunity to acquire some precious metals for it, as there is a Canadian company that accepts the cryptocurrency. Veldt Gold launched in 2012, has been focused on providing tech lovers with expensive rarities in exchange for the digital coins. Most of the transactions are processed online, however, phone orders are also possible should consumers prefer that option.

Additionally, the company offers free shipping for purchasing gold and silver ingots, while displaying rare collectibles. For instance, 100 gram Pamp Suisse Gold Bar is retailing at approximately 6 BTC, and 10 oz Sunshine Mint Silver Bar is only 0.27BTC. Veldt Gold doesn’t require a registration for the sellers and makes trading cost-effective for all parties involved. Purchasing precious metals is a great way of keeping funds and exchanging them back for coins, if there is such a necessity.

Macintosh 128K

For the collectors of rare electronics there is the first Macintosh 128K, widely known as the Apple Macintosh, presented by Steve Jobs, who changed the world of technology in 1984. Within 5 months from its presentation 70,000 items had been sold for US $2,495 each, until the next model was released. The legendary personal computer has a 23 cm monochrome screen, a keyboard, a mouse and a special handle on top for an easy transportation.

The original model is equipped with a 68000 microprocessor, a 128KB RAM built-in memory, and an extra 64 KB ROM chip. Back in 1984 the new interface caught the interests of consumers, who had not been fascinated by computers before. Now it is available for purchasing with the cost of 5.833 BTC in Spain, but can be shipped worldwide for the extra cash. The value of the first creation of Apple grows in proportion to its popularity.

Thailand luxury villas

Bitcoin sector has grown in many areas, including the real estate, which encouraged the development of property listings with a variety of houses and apartments included. For example, customers favoring recreation in the sun, while keeping up with new technologies, will fully appreciate Thailand luxury villas in the rapidly developing city of Chaing Mai. All villas are smart homes that let the owners to get a full access to the main technical functions with the use of a remote control.

For the price of 1245 BTC consumers can obtain an eco-friendly house with solar roof panels, water heaters, and a rainwater catchment tank. The villa is earthquake resistant, and supplied with a panic room and a nuclear fallout shelter, while high security level ensures the protection of inhabitants using the CCTV security system. Such houses can be used as a holiday homes, or as business investments, since the location is popular among tourists.

Lamassu Bitcoin ATM

Users looking for a profitable venture, can opt for Bitcoin ATMs, considering the fact the machines bring their owners thousands of dollars a year. The first Lamassu Bitcoin ATM was created in 2013 and used to function as a vending machine only. Nevertheless, by the middle of 2014 it was improved with the addition of a floor cash dispending stand, Santo Tirso. The machine has an ability to support every existing currency with preliminary settings, however, only one at a time.

Consumers can purchase the unit for 9.158 BTC, with shipping services or courier arrangements. Yet, before launching the ATM, the owners should study the list of Bitcoin ATM regulations, that depend on the location, or contact a lawyer. But the cost of the machines is usually covered within the first three months of use, making generous return on the investment. Thus, if customers wish to multiply their Bitcoins, obtaining an ATM is a smart way to start.

Bitcoin keeps spreading worldwide, giving the retailers and business owners an opportunity to keep abreast of the digital payments and innovations. Furthermore, the educational system is changing to create new specialists in the field of cruptocurrencies and to start recognizing the need to increase the variety of deposits. In addition, Bitcoin sattelites in space lead the experts to the conclusion that the digital currency has a bright future ahead.

https://worldcore.eu/blog/10-wonderful-things-purchase-bitcoin/

Seems like a decent & comprehensive list of luxury items.

340 BTC for a trip into space. Have to admire the vision of Virgin Galactic and Elon Musk for thinking to calculate their prices in btc.

Anyone have anything they might add to this?  

5003  Economy / Speculation / Re: Bitcoin Price Up And Down on: March 24, 2017, 10:31:55 AM
AFAIK its due to the uncertainty and fear in the market, caused by bitcoin unlimited and their hard fork.

If there's another reason for it, I totally missed it.

As long as BU's hard fork is hanging over bitcoin's head, like a dark cloud of doom, the price will likely continue to fluctuate.
5004  Economy / Economics / Do you believe in the NWO? What economic effect could it have on bitcoin? on: March 24, 2017, 10:05:14 AM
The piece below was written in response to the late David Rockefeller's passing & re-posted on anonymous news.

It goes into detail about the "shadow government" of globalist bankers who invest a considerable amount of time and money into influencing world events to suit their own agenda.

Its a good read, I recommend it.   Cool

Quote
David Rockefeller’s Chilling 1991 Speech At A Bilderberg Meeting

With the passing of David Rockefeller, I started to reflect on his views of the world. Time and time again he pushed for a New World Order and a one world government, which would allow the elite and world bankers to hold complete control over the global population. This got me thinking: Do people even understand the gravity of the situation at hand, or what a one world government would mean?

WHAT THE NEW WORLD ORDER WOULD LOOK LIKE

Throughout history, numerous politicians and members of the elite have spoken out about their support for a one world government or a New World Order, and the shadow government that’s pushing for it, but what do all of these terms mean?

The New World Order is the supposed goal of a handful of global elitists who are pushing for a one world government and a heightened national security state. This group, often referred to as the cabal, has been using foreign threats to heighten security, strip us of our rights, and invade other countries. The entire world is practically covered with U.S. military bases, with the exception of Russia and a few other countries.

Those pushing for the New World Order are the same members of the elite class who control the U.S. government, otherwise referred to as the “shadow government.” Numerous politicians have publicly discussed the people who secretly control the U.S. political system, creating laws and bending them.

John F. Hylan, former Mayor of New York City, explained:

The real menace of our Republic is the invisible government, which like a giant octopus sprawls its slimy legs over our cities, states and nation . . . The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both parties . . . [and] control the majority of the newspapers and magazines in this country. They use the columns of these papers to club into submission or drive out of office public officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government. It operates under cover of a self-created screen [and] seizes our executive officers, legislative bodies, schools, courts, newspapers and every agency created for the public protection. (source)(source)

Senator Daniel K. Inouye, a high ranking Asian-American politician, has also stated: “There exists a shadowy government with its own Air Force, its own Navy, its own fundraising mechanism, and the ability to pursue its own ideas of the national interest, free from all checks and balances, and free from the law itself.” (source)

Canadian economist Dr. Michel Chossudovsky, who is the University of Ottawa’s Emeritus Professor of Economics, also gave a great speech at the International Conference on the New World Order. You can check that out and read more about it here. Who is this group of elites? Well, Dr. Chossudovsky believes it originates with those who control the U.S., Israel, and other allies, but who is controlling these countries and this massive global agenda?

The shadow government includes billionaire families like the Rockefellers and the Rothschilds, members of the financial elite like George Soros, and large corporations and big banks. The following video from THRIVE Movement, a documentary created by the heir to Proctor & Gamble, Foster Gamble, perfectly explains how this system works:

https://www.youtube.com/watch?v=SXyJ_3-h-GU

The shadow government can manipulate, or in some cases, create legislation through either close ties to politicians or even organizations like the American Legislative Exchange Council (ALEC).

ALEC is a conservative group comprised of state legislators and corporate leaders that allows corporations to help write, or in some cases, just hand over legislation that the “official lawmakers” can then take credit for and formally propose. ALEC has been responsible for numerous immoral bills including those that aim to lower minimum wage, suppress voter rights, pro-gun laws, ag-gag (animal cruelty) bills, and more.

Political satirist John Oliver explains this in detail below:

https://www.youtube.com/watch?v=aIMgfBZrrZ8

It’s clear that corporations have a strong hold on government regulations; why else would chemicals be put in our food and the environment? Even the U.S. Environmental Protection Agency has strong ties to oil companies, despite the fact that they’re supposedly the government agency that protects the environment (learn more here). Some have even speculated that the Trans-Pacific Partnership was designed to enable a one world economy.

Other countries are publicly recognizing the role the elite plays in the U.S. government. For example, after Bill Clinton accused Poland and Hungary of turning into a “Putin-like” and “authoritarian dictatorship” last year, their governments saw right through it.

Hungarian Prime Minister Viktor Orbán responded by saying, “The remarks made about Hungary and Poland … have a political dimension. These are not accidental slips of the tongue. And these slips or remarks have been multiplying since we are living in the era of the migrant crisis. And we all know that behind the leaders of the Democratic Party, we have to see George Soros.”

He went on to say that “the mouth is Clinton’s but the voice is of George Soros.”

In order to successfully create a New World Order, some of the tactics this group uses are false flag terrorism and the fear of global threats, which enable them to increase security measures on domestic populations (like Bill C-51) and thereby justify the invasion of other countries (like Iraq and 9/11, for example). You can read more about that in our CE article here.

DAVID ROCKEFELLER’S 1991 SPEECH AT A BILDERBERG GROUP MEETING

Although David Rockefeller just died, it’s inevitable that his family legacy will live on, quite possibly through the implementation of a one world government. As an elitest and a globalist, David was always a strong advocate of a one world government and was proud to support the New World Order.

The transcript from a 1991 Bilderberg group meeting in Baden, Germany, was released, proving how deluded Rockefeller’s views truly were. Bill Clinton also attended this meeting, I’m sure along with many other members of the elite class. Rockefeller stated:

We are grateful to the Washington Post, The New York Times, Time Magazine and other publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But the world is now more sophisticated and prepared to march toward a world government. . . . The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries. (source)

This quote is extremely revealing, as it proves that not only has he been striving to create a one world government since well before 1991, but mainstream media (MSM) news outlets were aware of it and chose not to disclose this information to the public. It’s disturbing that MSM turned a blind eye to this; however, it’s not really surprising given the fact that the elite people attending these types of meetings are the very people who fund and control these corporations.

MSM exercises extreme control over the masses, expertly keeping the general population ignorant and oblivious to the events going on all over the world. If you live in the U.S., you probably have no idea what’s going on with Syria or Russia, because the elite loves to keep you in the dark and feed you propaganda and misinformation (you can read more about that in our CE article here).

Despite his wrongdoings, Rockefeller was a proud member of the elite, and he voiced this pride on numerous occasions.

In 1994, Rockefeller was quoted at a U.N. dinner as saying, “We are on the verge of a global transformation. All we need is the right major crisis, and the nations will accept the New World Order.”

Could this crisis have been 9/11, an orchestrated and planned demolition by the elite? Or perhaps he’s referring to the current events in Syria? Either way, it’s no secret that the elite use false flag terrorism to manipulate the masses.

David Rockefeller wrote in his 2002 memoirs: “Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure — one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”

FINAL THOUGHTS

It’s clear that the elite are pushing for a one world government, as it serves their best interests. They would gain further control of the population and make more money in the process. However, the elite has tried to spin this like it would be a good idea for the global society, which is far from reality.

Thankfully, there are other governments that see through their lies, highlighting the corruption that takes place within the U.S. government. The danger doesn’t lie within the idea of a one world government, but rather with the people who would control it.

CE strongly advocates for oneness and breaking down separatism and division, but that is not what this type of New World Order is about. The elite have been working against our best interests for a long time, which David Rockefeller plainly admitted in his 1991 Bilderberg speech.

The type of one world government that Rockefeller proposed would allow the elite to strengthen their leash on the general population and expand their reach. So far, they’ve proven that their goals are to strip us of our money and our rights, poison us through our food and the environment, and brainwash us using MSM and entertainment. Why would we want these people controlling the entire world?

It’s important to reflect on what role you, as a citizen, play in all of this. Are you supporting the organizations that the elite govern? Are you participating in and falling victim to the very systems that keep perpetuating their control over the system? While it may be difficult to admit, this is at least in part a reflection of you, because you are part of the collective; however, the good news is that you can be part of the solution. You vote with your voice and your dollar every single day — make it count!

http://www.anonews.co/david-rockefeller-1991/
5005  Bitcoin / Bitcoin Discussion / Re: BTC models on: March 24, 2017, 09:53:30 AM
There are visual models in the video lectures of this course.

https://www.coursera.org/learn/cryptocurrency/home/welcome

I think other sites like khan academy that do bitcoin info courses have some as well.

There are also tons of btc infographics that can be found by searching for "bitcoin visual model" in google & clicking on the image tab.
5006  Economy / Economics / Re: Passive Income on: March 23, 2017, 05:36:09 PM
Years ago, I had zazzle and cafepress stores which were an ok source of passive income

Today, I have none.

Definitely have to look into obtaining some.

 Smiley

5007  Economy / Economics / Re: Next generation money on: March 23, 2017, 05:24:58 PM
The closest currency to bitcoin I know of is this.



In past eras rocks hewn into particular shapes were used as currency.

In some ways, these old forms of currency resembled bitcoins cryptographic functions, in that printing/production of currency was limited by design.

Rather than limited by a form of regulation.
5008  Economy / Economics / Re: Will you invest in a MLM scam in early stage? on: March 23, 2017, 04:25:00 PM
MLM / pyramid structures aren't fair.

Those at the top don't have to do much. Its success is based upon how hard those at the bottom work.

Its not a good design for long term growth or sustainability.

Would prefer to have an arrangement similar to what the Pequod had in the book Moby Dick.

That seems like a good business structure for long term growth & keeping everyone active and motivated.
5009  Economy / Economics / Re: Why not just print dollars? on: March 23, 2017, 03:58:39 PM
"Printing money, excessively" is like young teen boys exaggerating the size of their dicks?

They might get away with it initially. Eventually, reality has a way of catching up?

Economic stats like unemployment and economic growth always remind me of kids exaggerating how big it is.
5010  Economy / Gambling discussion / Re: UFC 212: Aldo vs Holloway Info and Prediction Thread on: March 22, 2017, 03:45:11 PM
Aldo says he will pursue the knockout against Holloway.

Most of Aldo's success has come against fighters shorter than him, with less reach.

The title defenses Aldo had the most trouble with were against fighters near to his size: Conor McGregor & Korean Zombie.

I'm looking forward to seeing Aldo fight Holloway.   Grin
5011  Bitcoin / Bitcoin Discussion / Re: Why should people use Bitcoin? on: March 22, 2017, 03:37:05 PM
One reason people should use bitcoin, it changes the way people think about money & could give them a different perspective on what is possible regarding economic & financial systems.

Arguably, people have grown too reliant on governments and corporations as providers necessary for survival.

The public taking power and influence back, in any way whether it be by using bitcoin or other methods could be what society needs to progress & effect positive change.
5012  Economy / Gambling discussion / Re: Any Sport Betting Challenge? on: March 22, 2017, 03:21:53 PM
These are the only two sites similar to that I know of.

http://ggfantasy.com/
https://www.mvplineup.com/

Unfortunately, they both might be inactive / dead.

 Undecided
5013  Bitcoin / Bitcoin Discussion / Re: What to do with the people who don't like Bitcoin? on: March 22, 2017, 01:24:49 PM
Many schools are geared to teach people to hate religion, guns, the constitution... and bitcoin.

Safe spaces prevent students from coming into contact with different views.

Negative things said about bitcoin often reflect a collection of prejudices people were indoctrinated into believing.

Convincing them bitcoin isn't evil, is like convincing those who think the world is flat, that the world is really round.

It shakes people.

They don't respond well sometimes.

5014  Bitcoin / Bitcoin Discussion / Re: Meni Rosenfield speaks: "I support Core" on: March 21, 2017, 10:12:54 PM
I support core.

I want BU, segwit and others to prove their technology works and is viable before risking the future of btc on their tech gamble.

None of them have done that.

All they've said is "bigger blocks".

That by itself isn't sufficient evidence to prove their approach works.

5015  Economy / Economics / Re: Hacks & puppets & forks - how to destroy bitcoin on: March 21, 2017, 06:32:21 PM
They are not going to increase the number of bitcoin in the circulation but without doing that we can still buy a cup of coffee using bitcoins. But that will only happen if the confirmation rate will be much faster than before and the miners fee will be lesser and reasonable. Anyway bitcoin is already a global currency since it can cross borders all around the world but it will never replace the fiat currency.

I like what OP said on that, here:

Quote
What about “scalability” doing many many fast-transactions/lightning network?
there are many options and none of them have to involve changing bitcoin. with fiat you have outside counterparties assigning responsibility for fast coffee transactions, i.e. Visa network or MasterCard network. Come up with a counterparty solution or let another coin become a credit-card or have a startup either become a trusted solution or develop a sidechain or some trustless solution.
Last i checked, its been clear that many of us around the world have been able to send/receive bitcoin with no issue - as so many of our friends have been doing in Japan, India, Russia, Greece, America, China, Nigeria, various South American countries, the UK. all around the world bitcoin transactions have been happening for already for years and are happening even as i type this.
“scalability” forced upon bitcoin would destroy bitcoin’s primary use of store of value.
hack.

They make very good points about bitcoin primarily being a holder of value with stability being a key element of that and lightning transactions being better suited to alt coins or 3rd party solutions.
5016  Economy / Economics / Re: Hacks & puppets & forks - how to destroy bitcoin on: March 21, 2017, 09:23:51 AM
Excellent post, Central.

I have a few questions, if you don't mind answering them.

Quote
bitcoin actually keeps up in value for you to be able to afford higher cost of rent, education, healthcare, vacations, etc. (due to its beautiful combination of scarcity, a ceiling of 21mill coins, immutable, permissionless->not controlled/influenced, secure, and being established/developed).

is it possible that someday that the groups influencing bitcoin (those controlling mining or those involved with coding development, or the rest buy/transacting in bitcoin) would (either out of ignorance/misunderstanding or out of vested-interest to undermine bitcoin) start demanding (even slight) changes that may contradict the store-of-value that bitcoin is???

That is the big question that if the answer starts looking like yes…then value would plummet as bitcoin no longer be seen as a store of value but would eventually turn into another app coin (i.e. Ethereum) that can do many amazing things but not the one store-value amazing thing that it has done these past few years. the price would be zero-bound (compared to what we’ve been accustomed to with bitcoin today).

The price of litecoin has historically been low in comparison to Dash or Ethereum.

Could litecoin's lower price be attributed to its lack of scarcity? Litecoin's 84 million coin cap versus Dash 15 mill.

There's a youtube clip where Roger Ver of bitcoin unlimited says he wants to make bitcoin *more* available to everyone worldwide, to a point where its normal for people to use btc to buy coffee:  https://www.youtube.com/watch?v=TIA8w5tfr70

There are also some who support transforming btc into a global currency.

This might be interpreted to imply, their goal is to eventually uncap the btc hard limit on coins and increase supply, which would reduce scarcity.

Am I right in thinking, if reducing scarcity didn't work well for litecoin, it could be catastrophic for btc?

Am I incorrect in thinking a higher btc cap would be necessary for bitcoin to be a truly globalized currency?

The concept of btc globalization seems opposed to some of the points you made.

Quote
What about bigger block-size?
If there were attackers spamming transactions, it is a lot more digestible to withstand 1mb blocks, but bigger blocks could open door for bigger spam, larger bloat of the blockchain - hindering small folk and consolidate power to the well resourced.
Also, say if most the mining competition were to go-away for some reason, you or myself can take a standard computer and internet connection and be able to mine-away with a 1mb block.
..if you were to double this to 2mb block, or even larger, this becomes a lot more difficult over time and our standard internet connections would begin to be much less adept for throughput required.
such a move in block-size would again consolidate power to the well-resourced.

Very interesting points!

5017  Economy / Economics / Re: Big Message in A Small Package on: March 21, 2017, 07:54:37 AM
Secretly helping the 'enemy' during World War I would seem in character to me.  Most people still don't know the point of that war, and specifically, why Britain sent so many of its people to die.  The real point of that war was to destroy the strength of Germany so the US, the lone remaining strong country, would take over global monetary and financial hegemony.  A friendly US would help Britain avoid a hard-landing burst of its financial bubbles, which would have been disastrous to its banking elites, as they would be solely blamed by the political class for the ensuing economic pain.  (The same situation holds today -- with the US playing Britain, China playing Germany, and India playing the US.)

If the war had ended too early, even with German defeat, Germany would have retained more strength and the reparations demanded of it would have been less (and less enforceable because of German strength.)

This also would seem in character.  The US has never wanted a stable Afghanistan.  It did everything it could after the Soviet withdrawal, and after the post-9/11 invasion, effectively, to destabilize the country.  A stable Afghanistan can only mean one thing: unity under one of the major Mujahadeen forces that fought the Soviets, and had real Afghan respect and support.  Unfortunately for America, the Mujahadeen were famously independent and probably wouldn't have followed Washington's plans, for example, to strengthen India against Pakistan.

So, if what it took to prevent the independently-minded from coming to power was to install Western stooges on the government with no local respect and support, leave the country in endless civil war, and (as you reveal) help strengthen the Taliban, so be it.

The imperial system, at any time, consists of alliances among 'winner' groups, to jointly benefit from using state power to inflate the values of financial assets.  This amounts to theft against all other groups, that is not visible until the bubble bursts.

Starting in the early 80s, symbolized by the coming to power of Reagan and Thatcher, there was a seismic shift where the political elite were forced to abandon major voter groups and rejoin the banking elites to form a new alliance.  This was forced by national debts, having ballooned over the postwar decades under the alliance with voters, that threatened to implode.  The repeal of Glass-Steagall was the icing on the cake for the bankers.

The entire event was cast, in the popular imagination, as a shift to free-market economics.  (There is nothing free-market about effective state guarantee of bank debt.)

Amen!

The global imperial system doesn't have enough 'hard power' to run the whole world.  It must rely partly on 'soft power,' which, in reality, is deception.

Great post, btw. Sorry for late response, I kept putting it off.

The info about world war I being extended years longer to empower war profiteering comes from an old documentary from the 1930's entitled "Dealers in Death". Its really old but should probably be required viewing before people decide whether to support wars in the middle east or with russia.

The rest can be found via google. "US soldiers guard taliban opium fields." "Opium production up since afghan US war." "Glass steagall and its impact on the 2008 economic crisis." Some of the things I said might sound crazy but info on those topics which support what I said is very easy to find, I would imagine.

I think I learned some things from your response also.
5018  Economy / Gambling discussion / Re: UFC 210: Cormier vs Johnson Info and Prediction Thread on: March 21, 2017, 07:47:53 AM
Bellator 175, King Mo versus Quinton Rampage Jackson is also on march 31st.

Daniel Cormier says he will KO Anthony Johnson standing.

I don't know about that.  Undecided

Cain Velasquez has been out on injury for a long time. When Cain is injured, Daniel Cormier usually can't get his full training in. He needs Cain for sparring.

I think Anthony Johnson could get the win.
5019  Economy / Economics / Re: The best time to invest. on: March 20, 2017, 08:17:35 PM
Based on charts, I think historically the best time to invest in bitcoin is september to october.

Two of the biggest spikes in bitcoin history peaked around december and christmas time.

Getting in september - october has historically been the best time to buy.
5020  Bitcoin / Bitcoin Discussion / Bitcoin holders, are you diversifying in case the fork proves catastrophic on: March 20, 2017, 09:38:35 AM
Is anyone using their btc to buy cars or houses in case the BU fork hits bitcoin hard?

Maybe converting btc to fiat or another crypto?

If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?

 Undecided
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