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941  Other / Off-topic / Re: Walter Rothbard's thread on: November 19, 2013, 06:50:22 AM
Finally, a thread about one of my favorite Bitcoiners Grin
942  Bitcoin / Bitcoin Discussion / Re: The ethics of individually respected taint on: November 19, 2013, 06:46:34 AM
I'm not well versed in how Bitcoin works (sad I know), so I have this question to ask before putting deep thought into the question:

How many miners must collude to completely prevent a transaction from occurring?
943  Other / Off-topic / Re: What would you do with 25 bitcoins? on: November 19, 2013, 06:12:39 AM
Hide it Tongue
944  Other / Beginners & Help / Re: $4000 to spend, what should I do? on: November 19, 2013, 05:44:50 AM
Don't worry about mining; that part's covered by plenty of folks already.  I'd wait for a dip in bitcoin's value and put the cash in it.

Btw what's your YT channel?
945  Bitcoin / Bitcoin Discussion / Re: You don't have to buy a whole Bitcoin! You can buy partial! on: November 18, 2013, 11:53:52 PM
I have no problem with spreading the gospel about bitcoins, but I would discourage anyone from trading for them during a bull run like this. What I primarily have a problem with is their valuation; there`s no reason they should be this expensive, to the point where people should be considering buying partial coins because a full coin is too much. I think its great for people to become a part of it, but it shouldn`t be an issue of, "Hurry up before you miss the gravy train to the moon!" etc.

It seems this is unavoidable however; considering our small user base (at least, compared to national currencies) compared to how much a single BTC is worth, the price is just going to get higher as more wealth is denominated not in dollars or euros or renminbi, but in Bitcoin; since the wealth isn't changing, just how it's denominated, the price of Bitcoin will always increase so long as it's favored and adopted by more people, whose wealth is also stored there.  This is just a quality of money that can't be avoided; the only way to fix it is to figure out how society can function without money, and then get people to believe it's preferable Tongue  I think the Zeitgeisters are trying this right now...
946  Bitcoin / Bitcoin Discussion / Re: You don't have to buy a whole Bitcoin! You can buy partial! on: November 18, 2013, 11:24:29 PM
Yes, I wanted bitcoin to work, but not anymore. Aside from buying a subway sandwich in Pennsylvania, there`s very little that can be purchased with bitcoins at present. And this gives them a value of $700 a pop? It`s ridiculous, and anyone who fails to recognize that is delusional. Until bitcoin can actually build the infrastructure and means to warrant high values and mass adoption, investment is a high risk gamble that will pay off handsomely for few and result in many getting burned. I wanted bitcoin to succeed, but as a currency and not a high ROI speculation vehicle.

I agree; it would be great to see Bitcoin make it as a popular currency.

However, I don't believe swearing off it and never telling anyone about it will help merchants to adopt it, which is the only way to make it a currency.  This is exactly the reason why it's still a speculative vehicle, if I can be blunt.
947  Bitcoin / Bitcoin Discussion / Re: You don't have to buy a whole Bitcoin! You can buy partial! on: November 18, 2013, 11:03:36 PM
You both miss the point entirely. This is the perfect example of a pyramid scheme in action. As early adopters, we all had the chance to buy several coins, but now its our duty to convince others they can still get in on the action, even if they can`t buy a full coin?

It`s just a shameless effort to profit off the backs of others. For a group of people who largely consider themselves freedom fighters against the scurge of bankers and government regulators, you are all beginning to sound like you`ve found good company. Makes me sick... I did not get into bitcoins to profit off of others via investment schemes. I wanted to see bitcoin succeed. But alas, human nature is a strong force to reckon with.

You're very confusing; do you want Bitcoin to succeed or don't you?  I don't see any scenario in which Bitcoin "succeeds" and isn't worth a huge amount of wealth for each.  There is no technology which will fix that divide between the poor and the rich, and I'm sorry you falsely believed this could be possible.

And for the record, I'm not a freedom fighter; what does a firefighter do? Wink
948  Bitcoin / Bitcoin Discussion / Re: You don't have to buy a whole Bitcoin! You can buy partial! on: November 18, 2013, 10:24:21 PM
This sounds so elitist. Its like a Wall Street banker telling someone, "What, you cant afford a new Lexus? Look on the bright side! At least you can still buy the match box car version."

Of course people realize they can buy partial coins, but the point is they dont want to, because they can see where this is headed.

You're making assumptions; this is a grave error, and it's simple to see why.  I have met people who are under the impression you cannot purchase a fraction of a bitcoin, only the whole thing, and so we should make people aware that you don't have to buy an entire one if you're hoping to buy.

The second error is comparing something divisible like a currency to a car; I'd call this apples and oranges, but at least those are still fruit.
949  Other / Off-topic / Re: 100 reasons why bitcoin is the best currency today on: November 18, 2013, 10:02:03 PM
okay, people might not be happy with me saying this.. but bitcoin is inherently a deflationary asset... which means value should continue to rise. the problem with that is not enough money is going to be encouraged for spending, which makes it a bad "currency." i'm not saying that it's not a currency, all im saying is that it's a quasi currency.. it can be spent to purchase goods, but it does not have all the qualities that are required to be considered a true "standalone currency."

This is only bad if you hold a lot of wealth Tongue
950  Other / Politics & Society / Re: Has Bitcoin changed your political position on: November 18, 2013, 09:59:30 PM
The topic of the moment is
HAS THE US SENATE Discussion changed your political position  Cool

Oh, yes; I am now a staunch fascist and just about ready to conquer any nation which gets in our way Tongue
951  Bitcoin / Bitcoin Discussion / Re: Why I'm boycotting bitcoins. on: November 18, 2013, 08:26:08 PM
Why are you boycotting Bitcoin then?  Why don't you boycott the people who impede and control trade who prevent these technologies from getting to people who don't have them?  Why do you insist we all go backwards instead?

You're silly and your argument is misdirected.  I'd tell you to go back to grade school, but that's likely the reason you think the way you do now.
952  Bitcoin / Press / Re: 2013-11-18: Wired: You can't beat politics with technology on: November 18, 2013, 07:54:43 PM
He has a good point. As a fellow Scandinavian I can easily follow, but we don't have the governmental fear/trust-issues of Americans and Chinese, along with a bunch of other nations.

At the same time, as a co-founder of The Pirate Bay, he is guilty of double standards. The Pirate Bay was a service mainly used (and created for) illegal purposes and therefore would never be politically accepted, contrary to Bitcoin.



You cannot escape politics; TPB is heavily entrenched in politics and is accepted by the people who partake in politics.  If you don't believe me, just ask all the people who have downloaded or even listened to an MP3 without first having paid for the right; very few of us feel guilt for this illegal act, nor do we fine ourselves for it, proving that we do not agree with our own laws.

If we don't agree with our own laws, how do we define what is and is not illegal?  Apparently, the laws we agree on via democracy are very different from the laws we agree on in reality; if we generally agree that piracy is not illegal, otherwise we should all be incarcerated and would, at this moment, willingly turn ourselves in for what we've allegedly stolen (still hasn't happened but I'll be waiting on it), then we cannot put forth that TPB is neither legal or politically accepted, because it clearly is.  Even now we've all accepted Bitcoin is perfectly legal and many of us have concluded that, even if it was made illegal in some way by the powers that be, whether the currency itself or its usages, we would still use it in the ways we choose regardless.

All that said, the writer makes an excellent point; people really need to snap out of this daze where it's assumed healthy and beneficial to let other men lead you.  People need to be aware, informed and thinking for government to work; otherwise it just devolves into a few guys calling all the shots and nobody wants another Nazi party.  Technology cannot save a person from their own sheepishness; one cannot hide from embracing reality and still expect all to be well.
953  Other / Politics & Society / Re: How long till the end of the USDollar? on: November 18, 2013, 08:41:06 AM
I can't find never in the poll, everyone is so pessimistic about USD?

Fiat currencies have never lasted through history before, why is the USD special?  Because you use it?

The thing that makes the dollar special is that the US government taxes are paid in Dollars.  As long as the USA exists as a wealthy nation of over 300 million people, the dollar will be a valuable currency. 

That doesn't make the dollar special, that makes the dollar like every single fiat currency to have ever existed.

What makes the USD special?
954  Bitcoin / Bitcoin Discussion / Re: Federal Reserve Chairman Bernanke: I love bitcoin on: November 18, 2013, 05:09:44 AM
Ben is Satoshi!  Cheesy

Figures he'd be in the last place you'd look.
955  Other / Politics & Society / Re: Real Time Socialist Train Wreck (again) Happening Now in Venezuela on: November 18, 2013, 05:04:24 AM
All right great, just making sure you weren't actually advocating for this to happen again Grin  I've met a fair share of people who see these systems and what they've accomplished and say, "but this time it'll be better!"  I once heard a guy say, "Stalin's death count isn't even that big, and besides all those people who died were rebels anyway."  That one really hit me in the nads.
I am not advocating, but I fear that the same could soon happen again in Europe - far-right parties gaining popularity, even Anders Breivik-supporting party got a lot of votes in the Norway recently!
Adolf Hitler came in the power with some support from the population, and his success was largely predetermined by Great Depression and big unemployment.

P.S. If I am right about technological unemployment problem I described in another topic AND no measures will be taken to mitigate this problem - rise of new totalitarian ideology is very probable/inevitable.

Yes, we often forget that Adolf was democratically elected; we didn't learn our lesson, but it's probably because we forgot.  The only way the Europeans can change this is by taking control over their own government; this is also true for the Americans, and everyone else in the world.  No matter what we do, if we don't make the conscious decision to take charge of our own lives, we will always drift into totalitarianism; at that point, the left and the right become indistinguishable, the beginning of the end (for that empire anyhow) finally occurs and, depending, they either own the world and self-destruct.  The two options given in your thread seem to play directly into the hands of the state, which increases their power and further pushes them into totalitarianism; this is solely because you still seek reliance on the state, as opposed to pushing away from it.

I do believe socialism is possible, but it seems to only function with a society of rational players acting in self-interest.  Socialism on the opposite end, when a lot of irrational players act in the interest of the state, leads very quickly into fascism, which isn't something I'd like to experience.  I compare the spanish anarchists, who were communist, with the USSR and those like them, who were also communist, and compare the death tolls excluding war, and it's clear which form of government is more beneficial to our survival as a species based solely on how well we can live to reproduce.
956  Economy / Speculation / Re: BREAKING: U.S. government to greenlight Bitcoin. Price will go up on: November 18, 2013, 04:49:20 AM
http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html

"The Department of Justice and Securities and Exchange Commission are telling a U.S. Senate committee that Bitcoins are legitimate financial instruments, boosting prospects for wider acceptance of the virtual currency."

"Ben Bernanke, chairman of the Federal Reserve, is also weighing in on the hearing, saying that it has no plans to regulate the currency."

Woohoo!

Does this mean no federally backing for Coin Validation?

Plans can change, and they can be lied about too.  Who knows?
957  Other / Politics & Society / Re: Real Time Socialist Train Wreck (again) Happening Now in Venezuela on: November 18, 2013, 04:43:30 AM
You're aware that Mao's system and leadership led to the deaths of tens of millions of his own people, yes?
It is obvious fact. As well as Hitler, Mussolini, Stalin, Pol Pot, Pinochet and other totalitarian dictators.

All right great, just making sure you weren't actually advocating for this to happen again Grin  I've met a fair share of people who see these systems and what they've accomplished and say, "but this time it'll be better!"  I once heard a guy say, "Stalin's death count isn't even that big, and besides all those people who died were rebels anyway."  That one really hit me in the nads.
958  Other / Politics & Society / Re: Real Time Socialist Train Wreck (again) Happening Now in Venezuela on: November 18, 2013, 04:35:43 AM
May be I have mistaken mentioning Mao - I thought one-child policy in China and forced abortions, which in fact started in 1979, i.e. after Mao death.

You're aware that Mao's system and leadership led to the deaths of tens of millions of his own people, yes?
959  Other / Politics & Society / Re: Real Time Socialist Train Wreck (again) Happening Now in Venezuela on: November 18, 2013, 04:11:17 AM
This is why capitalism always wins in the end - even a thousand Lenins, Stalins and Maduros will never change the human desire to seize opportunities to make money.
Don't be so confident, advancements in biotechnology and the government like under Mao Zedong or Pol Pot could make human desire for profit just as article in the history schoolbook Grin

Judging by your other thread, I'm not sure if you're serious Sad
960  Other / Meta / Re: Abuse of the trust system by Vod on: November 18, 2013, 03:11:01 AM
Society would crumble without our present day Judeo-Christian values.

Yes; wherever would we be without sacrificing our children at the command of God?
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