Made new video: "Solving Bitcoin's Centralization: NXT vs Clam"

[TPTB_need_war]

Bittorrent is decentralized. Bitcoin isn't.

You can't decentralize everything. It will at the very least require on/off ramps for its beginning years (possibly for its entire existence), payment processors, exchanges, etc..

There will likely always be centralized components... even if you could decentralize one or a few of them.

Anyways.. have fun pretending you're always right to the other sheep around here. I'm out for the night.

I didn't pretend. I am frank about the challenges and I didn't ask for anyone to buy an ICO and try to fool them with a lot of bullshit like Bitshares and others do.

Rather you should just admit then that you are just here to mine the speculators and that all your idealistic bullshit (DACs, etc) is just a mirage to get other speculators to wet their pants and give up their money.

Edit: haven't you been slightly suspicious of why the MSM publicized Bitcoin so much. 3. That doesn't happen without the approval the global elite.

3. Maybe, maybe not. You are making an absolute statement, but I haven't seen particularly convincing evidence.

Thanks.

This is an interesting point to ponder. Could a revolutionary crypto coin succeed without the MSM (e.g. Bittorrent), or would the MSM cover something which was not helping the professional miners rape the Bitcoin investors to the tune of $300 million annually?

I think all of us are somewhat unrealistic (unless we were just here to mine the speculators).

This indeed worries me. It is difficult to justify killing myself to code in order to try to create revolution and then think it could all fail just because the MSM holds all the power.

I am not sure which way I am leaning on this issue. My gut tells me "It Is Just Time" for something revolutionary to happen. But my gut is very ill. Lol.

[DecentralizeEconomics]

I don't think democracy works, but I do think representative government works

Ahem what is the distinction between the two? Afaics, there is none. Martin Armstrong seems to be under some delusion that if people could vote directly on each issue of governance (i.e. each law, etc) then we would avoid the evils of the representative government we have now. Yet of course it is impossible to have a direct democracy function on anything larger than a tribe (and even for a nuclear family unit it rarely works!). And you seem to be unde some delusion that the representative government we have in the USA is functioning well. Or you have sold yourself down the river of tears that there is some rainbow of a perfect fix. Sigh. Never has been in the history of man and never will be. The Iron Law of Political Economics is immutable and insoluble. Please refute if you can (but you can't).

Or perhaps you merely accept that representative governance fails, but it is the least worst (or the only option)?

If we are just here to put some shiny new block chain ribbon on existing corruption of representative (or any other form of) democracy, then I will quit. I don't see the point. If there are efficiencies that can be gained in spite of not dealing with the fundamental issue of trustless governance, then maybe I can be convinced. But the original ideal of Satoshi's white paper was trustless governance (consensus) of the block chain.

Well, I think direct democracy is an abject failure and I think representative government is the best of the worst.  I think the representative government could be greatly improved upon with strict term limits.  I'm curious as to your opinion of what is the best form of government.

[TPTB_need_war]

BTC has a huge network effect compared to all alternative cryptocurrencies and is why I am ~50% in Bitcoin. You guys telling me that you will break Bitcoin's network effect because USD has the ultimate network effect is blasphemous.

That was not smooth's point at all. His point was that no coin is yet significant relative to USD. He didn't say that Bitcoin has 0 network effect.

But personally I am delighted to hear you are 50% in Bitcoin. Hopefully you will eat some humble pie soon if my prediction of < $150 comes true. I hope you have all your life savings in crypto as well. You are young and lesson is more valuable than not losing everything. I've lost everything more than once in my life. It was a good lesson.

So you question why everyone is combative and why we can't all get along, and then you transition to "I hope you lose all of of your money." 

Just so you can sleep tonight.. I have some physical gold and silver, 10% of my crypto portfolio is in bitGOLD/bitSILVER, and a separate portfolio with stocks/bonds and a 401k. I am well diversified.. even in my crypto portfolio owning at most 6% of any certain alt coin and ~50% in Bitcoin.

If you are not holding US stocks and USD in reasonably significant amounts, then you are not diversified for what is coming this year.