Bitcoin Nation

[bryant.coleman]

I do not know where you got your source, and you may be right, but "extortion" costs 10% to 15% of profit, and provides services that are not just protection from theft, vandalism, and other crime. That is actually less than what many people in rest of world pay for police and military, and services like arbitration and business contract dispute.

You misunderstood me. I was saying that 50%+ of all mafia revenues come from extortion and other illegal activities. I didn't said that every business firm pays 50% of their profits as extortion money.

[Hideyoshi]

I do not know where you got your source, and you may be right, but "extortion" costs 10% to 15% of profit, and provides services that are not just protection from theft, vandalism, and other crime. That is actually less than what many people in rest of world pay for police and military, and services like arbitration and business contract dispute.

You misunderstood me. I was saying that 50%+ of all mafia revenues come from extortion and other illegal activities. I didn't said that every business firm pays 50% of their profits as extortion money.

I am also sorry, I did not say you were wrong that 50% of their revenues come from extortion. Just that I do not know your sources. I believe much of their revenue also comes from grey market business, such as manufacturing things in workshops. I was only pointing out that this extortion is not large part of profit for businesses that they extort, and even if such service is technically considered illegal by law, it still provides services we have to pay for (and are forced to pay for), but at maybe cheaper rate.

[Bitcoin-hotep]

New thread was made about a similar topic
https://bitcointalk.org/index.php?topic=621322.0

[Skele]

You mean Bitcoin World, i wonder if other planets with advanced lifes sustain their economics like Bitcoin will do soon or later in Earth...

[Bitcoin-hotep]

You mean Bitcoin World, i wonder if other planets with advanced lifes sustain their economics like Bitcoin will do soon or later in Earth...

I think that other life is probably more like plants, since MOST life on Earth is plant life or similar life. Not many things have stomachs, just the big things.

And ALL life on Earth uses electro-chemicals (drugs) whether it be humans with Adrenaline and Dopamine, or Plants with THC and Theobromine, or ants with pheromones, or Toads with 5-HO-DMT, etc. And electro-chemicals/pheramones don't really lie.

So I personally assume that all life outside of Earth is more plant like, and drug based.

[Bitcoin-hotep]

Would anyone here want to be on a podcast (via Google hangouts) next week and talk about some of the stuff in this thread?

[Bitcoin-hotep]

Israeli Skytran (150-200 MPH air car track)
http://en.wikipedia.org/wiki/SkyTran
http://www.rawstory.com/rs/2014/06/24/california-based-skytran-to-build-futuristic-levitating-public-transit-system-in-israel/

Maybe the technology can be applied to something a little less horrible in the future.

[Bitcoin-hotep]

Has anyone made an Altcoin to finance a political campaign ever? Like "Suppot X Candidate by mining and donating X coin"

And someone should make a Joe Rogan coin, he would probably think it was awesome and it would get coverage on not only this thread, but it would probably get pretty good traction in the thread on JoeRogan.net and he would probably talk about it on his podcast at some point.