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There is no fairer way to distribute coins than with a premine.
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Keynesian economics is not economics it is a crime. Those promoting it should be prosecuted. Universities promote it because it gets them more money in their pockets. Jack Lew got a $1.2 million loan as a university administrator all based off student loan debt. Ask Jack Lew for a $million loan and he will tell you off.
Have you ever tried to read general theory, it is incomprehensible intentionally. That is why the first qualification of fed chairman is to be able to produce the most non-sense that is believable. That is why Paul Krugman shows up in movies.
Sorry to be so blunt
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rwMocSaCr931jstqMWtKyLkAiPu8ih2F73
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I have 14,964 LQC to trade OBO, even nothing if no one else responds. I can't get the client to work.
I need a LQC address to send them too also. i have more in a backup wallet. So I don't want to use a gimmick to get the client working. |
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Recall that the purpose of money printing is to encourage or discourage spending. When the central bank wants to encourage spending, they print money leading to inflation. Inflation encourages people to turn cash into goods and physical assets. This increases spending in the short-run and stimulates the economy. Krugman is a clown. The purpose of savings is to spend. Savings encourages spending. A rising bitcoin encourages spending and bitcoin business creation. Deflation stimulates the economy. |
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I have 14,964 LQC to trade OBO, even nothing if no one else responds. I can't get the client to work.
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Why not use latest bitcoin/namecoin/ixcoin client with modifications to i0coin sections. Also, if we stop merged mining, maybe we could use latest bitcoin client. Smoothie just wants to pump litecoin. Unfortuantely that is how it is working in these alt-coins. Let them fail on their own. 95% chance I have the 5000. No exchange means no coin. Maybe use PPcoin. solidcoin compressed the chain once. Maybe lengthen the block time. and adjust the frequency every block. you would think empty blocks would be small.
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I might have a poor economical background, but I don't get your points: Why would money or taxes matter?
Money is not wealth. It's not a resource. If you have people starving in your country because of food shortage, then taxing the rich 100% won't solve it. Growing food for the next year will do the thing. Certainly, in a global world this is different since you can buy food from outside. But again, taxing the rich won't resolve your trade deficit issue.
In my simple vision, what an economy needs is: Millions of people survive in the USA by taxing the rich to provide food stamps. Farmers monopolizing land plant fields based on these food stamps. So money can cause action. The U.S. dollar can not be considered money according to wikipedia, because it is not a store of value. |
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Seems BTC is still just digits of electricity. Now if the new currency is gold, would not BTC collapse as we don't need BTC anymore. The only value would be ease of transactions.
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Because high taxes on the rich means overall less taxes.
The lower the overall taxes the higher economic growth, it's as simple as that.
taxing the rich more does work, without penalising the poor If the rich work less because it isn't worth the money after tax, then it does penalize the poor. That is less money for the rich to loan to the poor or to pay the poor to work for them. There are consequences. Keep believing the party line all you want, it's what they want you to believe, that is why so many loop holes exist in the first place. You really think any of the fortune 500 companies actually pay total taxes of 40, 30 or even 20%? No, they don't. In the past 10 years, a good portion of those, have paid from total tax in single digits, to tax rebates, worth millions or even billions. Doesn't sound like they are paying their fair share to me. Especially if they are suppose to be some of the most profitable companies in the world. Fact is, the super rich, boast massive million or even billions of Net profits when it comes to pleasing their shareholders. However, when it comes to taxing season, will find any way possible to make out they companies profits are low or obscured so can't be taxed or are owed a refund etc. So no, when a company can make out business is booming, I don't see anything wrong with taxing them properly and getting rid of all these loop holes. Corporations are not people they don't pay tax. However small investors pay about 80% in tax. 35% corporate 15% capital gains/dividend going up to 23.7%/40% with fiscal cliff 30% inflation (cash, capital expenditure/depreciation,capital gains tax) income tax is really paid by investors as people work for after tax wage. sales tax 10% 15% paperwork and misc taxes. ================ 80% small investors 40% Romney. high taxes can redistribute wealth gained from monopoly. |
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Investment should come from savings, not credit of a bank.
Today every company has cash on the books. You pay an inflation tax. To replace the same equipment it costs more, an inflation tax. When the stock rises you pay capital gains on the inflation.
If the cash on the books increased with deflation, the company could install better capital faster and give bigger dividends to shareholders.
Steve Keen GFY.
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Heh. You didn't actually read that article did you? in Billions Federal Government $6475 (social security, government pensions, and other intergovernmental holdings) Foreign Governments $5135 Investors $1229 (many may be offshore) Mutual Funds $854 Private Pensions $586 State And Local $436 Depository Institutions $307 (banks and foreign banks in US) Insurance Companies $254 State and Local Governments $189 Savings Bonds $185 It is not individuals it is government. Government loaning themselves money. Why do they do that? They do that becasue the interest rate is lower than they create it. Thus they make money. |
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If someone can address the memory problem in i0coin they said they would return
the exchange back.
Dear Lightlord,
we stopped the trading and support of I0C because of the huge memory requirement of the wallet. We are running our servers in a datacenter, a 2GB memory VPS costs you in the range of 30 USD to 50USD monthly. And looking at the growth of the chain, we are anticipating a growth of 80MB per month, hence sometime end of next year the wallet will require 3GB of memory. Unless the memory usage isn't addressed, I see no possibility of supporting the I0C chain.
Regards
Your Vircurex Team
Translation: "Please fix I0coin so vircurex will reopen I0coin trading so I can dump all my I0coins."   Not the reason but -.- Just sad to see i0coin a community worked currency died. Btw the other alt-currencies that the creator started with some to pocket weren't legit mining, I actually legit mined mine. And I haven't sold any of mine yet for a year, even when an exchange was up and running, and at prices of 0.0005 and above. I am going to open up a 10,000 i0coin BOUNTY,To anyone that can fix this problem. I second that And just for the fun of it - I add 20,000 i0coin to the bounty ... I will add 5,000 if I can find them. |
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iocoin is my favorite coin. Hopefully someone will take lead in the project and vircurex will start the chain back up.
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For people seriously interested in this subject, Steve Keen has done a lot of work on dynamic nonlinear economics. Steve Keen is an embarrassment. He is a joke. He wants the government to give a debt jubilee to deadbeats in debt. Fractional reserve lending is nothing more than a fancy name of stealing your money. Get your money out of the bank asap. |
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...and the system will eventually be forced to survive on transaction fees when it's vibrant enough. It's really a brilliant setup.
You can eventually force a coin to survive on transaction fees today. This is another reason you should not be so upset at early adopters, 1/2 the coins are still out there. I would not call it brilliant, it is really a flaw. However, it did get a lot of interest in the coin. Someday the coin is going to have to survive on transaction fees. Basically you guessing whether it can. |
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So you are saying somebody may have doctored the chain? I noticed some days 20 BTC worth are sold at vircurex. Today we are up to 3. Why can't iocoin, ixcoin and the other chains also be broken?
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LQC is broken intrinsically What does that mean? It is still traded at vircurex. Does it have a future? mining level and price has increased. |
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1. Why? Bitcoin isn't fair; unknown early adopters (not you) mined with little competition for the first half of it's existence. They can crash the currency value if they want or cash out for hundreds of thousands of dollars. Deflation: A 10,000 BTC pizza is now a 10,000 BTC Mercedes. Other alternate coins have had launch problems: selfish premining, monopolizing landrush on low difficulty launch, easy denial attacks.
2. How do we launch a new currency that otherwise is identical to Bitcoin? Delayed mining!:
-The first N blocks have no reward,
-The genesis difficulty is high (~100,000 vs Bitcoin's current 3.3M),
-Insertion of full coinbase block reward into generated block only becomes valid if the previous difficulty period was > 1 million
-"pre-launch" blocks may either have only this 0 generate value, or optionally a maximum testing value of 0.01 if deemed necessary.
1. Bitcoin is fair. Somebody had to make that pizza risk it on bitcoin. Over 1,000,000 of BTC are traded monthly on MTGOX. Most of the early adopters have sold their bitcoin. People have bought them. People have advertised them, billboards have been put up, commercials paid for. It has been on t.v. shows. There once was a coin you propose fairbrix. 2. The fairest way to make a coin is to pre-mine them all. That way the economy grows on its own. The supply is limited with no inflation and things can really grow as people adopt the medium of exchange. Mining is no different than Ben Bernanke printing money to give to his banking buddies. The system should survive on transaction fees. |
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