Bitcoin Forum
October 19, 2019, 11:57:32 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: 1 2 3 [All]
  Print  
Author Topic: 2012-08-28 huffingtonpost.com - Chomping At The Bitcoin - The Ups And Downs Of C  (Read 5578 times)
julz
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
August 28, 2012, 01:12:50 AM
Last edit: August 29, 2012, 01:50:07 AM by julz
 #1

Video - with Roger Ver (Bitinstant/memorydealers),Brian Armstrong (coinbase) , Drew Little ('new economist'/founder of producism) , Neils Vanderlanden (don't buy bitcoin guy!), David Wolman (author of The End of Money)

Quote
Chomping at the Bitcoin - The Ups And Downs Of Cyber Money

Host: Janet Varney
2012-08-24


http://live.huffingtonpost.com/r/segment/5037b5b402a76066bd0000da

also here: http://www.dailymotion.com/video/xt4m31_chomping-at-the-bitcoin_lifestyle

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
1571529452
Hero Member
*
Offline Offline

Posts: 1571529452

View Profile Personal Message (Offline)

Ignore
1571529452
Reply with quote  #2

1571529452
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1571529452
Hero Member
*
Offline Offline

Posts: 1571529452

View Profile Personal Message (Offline)

Ignore
1571529452
Reply with quote  #2

1571529452
Report to moderator
1571529452
Hero Member
*
Offline Offline

Posts: 1571529452

View Profile Personal Message (Offline)

Ignore
1571529452
Reply with quote  #2

1571529452
Report to moderator
1571529452
Hero Member
*
Offline Offline

Posts: 1571529452

View Profile Personal Message (Offline)

Ignore
1571529452
Reply with quote  #2

1571529452
Report to moderator
cablepair
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1000


Buy this account on March-2019. New Owner here!!


View Profile WWW
August 28, 2012, 01:23:06 AM
 #2

Video - with Roger Ver (Bitinstant/memorydealers),Brian Armstrong (coinbase) , Drew Little ('new economist'/founder of producism) , Neils Vanderlanden (don't buy bitcoin guy!), David Wolman (author of The End of Money)

Quote
Chomping at the Bitcoin - The Ups And Downs Of Cyber Money

Host: Janet Varney
2012-08-24


http://live.huffingtonpost.com/r/segment/5037b5b402a76066bd0000da

thanks for the link

I find it quite hilarious that the person who was against Bitcoin's qualifications were to the extent that he "made a youtube video series about not buying into Bitcoin."
also when she screwed up and said that Roger from Memory dealers is the  CEO of the largest Bitcoin company in the world? hahahaha


lmao

beckspace
Hero Member
*****
Offline Offline

Activity: 932
Merit: 500

CryptoTalk.Org - Get Paid for every Post!


View Profile
August 28, 2012, 01:47:57 AM
 #3

Little upper-left window keeps buffering live content:

Can't... watch... help...


 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
Report to moderator
FreeMoney
Legendary
*
Offline Offline

Activity: 1246
Merit: 1011


Strength in numbers


View Profile WWW
August 28, 2012, 02:12:39 AM
 #4

Video - with Roger Ver (Bitinstant/memorydealers),Brian Armstrong (coinbase) , Drew Little ('new economist'/founder of producism) , Neils Vanderlanden (don't buy bitcoin guy!), David Wolman (author of The End of Money)

Quote
Chomping at the Bitcoin - The Ups And Downs Of Cyber Money

Host: Janet Varney
2012-08-24


http://live.huffingtonpost.com/r/segment/5037b5b402a76066bd0000da

thanks for the link

I find it quite hilarious that the person who was against Bitcoin's qualifications were to the extent that he "made a youtube video series about not buying into Bitcoin."
also when she screwed up and said that Roger from Memory dealers is the  CEO of the largest Bitcoin company in the world? hahahaha


lmao


How big is memory dealers?

Or do you mean accepting bitcoins isn't enough to be a "bitcoin company"

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
grue
Legendary
*
Offline Offline

Activity: 2058
Merit: 1208



View Profile
August 28, 2012, 02:13:08 AM
 #5

>"...isn't backed by gold or silver like the way we think our conventional money is backed"
HAHAHAHAHHAA

It is pitch black. You are likely to be eaten by a grue.

Adblock for annoying signature ads | Enhanced Merit UI
cablepair
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1000


Buy this account on March-2019. New Owner here!!


View Profile WWW
August 28, 2012, 02:27:45 AM
 #6

Video - with Roger Ver (Bitinstant/memorydealers),Brian Armstrong (coinbase) , Drew Little ('new economist'/founder of producism) , Neils Vanderlanden (don't buy bitcoin guy!), David Wolman (author of The End of Money)

Quote
Chomping at the Bitcoin - The Ups And Downs Of Cyber Money

Host: Janet Varney
2012-08-24


http://live.huffingtonpost.com/r/segment/5037b5b402a76066bd0000da

thanks for the link

I find it quite hilarious that the person who was against Bitcoin's qualifications were to the extent that he "made a youtube video series about not buying into Bitcoin."
also when she screwed up and said that Roger from Memory dealers is the  CEO of the largest Bitcoin company in the world? hahahaha


lmao


How big is memory dealers?

Or do you mean accepting bitcoins isn't enough to be a "bitcoin company"

I don't mean that at all, sorry Roger has been on these forums for a long time it was just humorous to me to hear him referred to as the CEO of the worlds Largest Bitcoin company!

which was a mistake, I believe she was talking about Bitinstant which he does marketing for or something, and I am not even sure Bitinstant is the "largest"

what was with her joke about her being the only Girl there? did I see her on the Girls of Bitcoin reddit board Wink
nimda
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


0xFB0D8D1534241423


View Profile
August 28, 2012, 02:43:30 AM
 #7

Lol, "largest"
Largest volume? MtGox/Silkroad
Most transactions? SatoshiDICE
Most company members? BitInstant (?)
Biggest deposit taker? Bitcoin Savings & Trust

...

Largest is such a funny word

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
kiba
Legendary
*
Offline Offline

Activity: 980
Merit: 1007


View Profile
August 28, 2012, 04:23:17 AM
 #8

"It's Mathematically IMPOSSIBLE!"


LOLZ!

MemoryDealers
VIP
Legendary
*
Offline Offline

Activity: 1051
Merit: 1055



View Profile WWW
August 28, 2012, 09:43:53 AM
 #9

Does anyone know how to download the video and put it on youtube?

Brian of coinbase.com made this funny photo from the video:


Matthew N. Wright
Untrustworthy
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


Hero VIP ultra official trusted super staff puppet


View Profile
August 28, 2012, 09:46:04 AM
 #10

Lol, "largest"
Largest volume? MtGox/Silkroad
Most transactions? SatoshiDICE
Most company members? BitInstant (?)
Biggest deposit taker? Bitcoin Savings & Trust

...

Largest is such a funny word

Largest company members: Bitcoin Magazine, no contest.

molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
August 28, 2012, 09:48:59 AM
 #11

hilarious: that host doesn't know how to say "financier" and thinks conventional money is backed by gold and silver.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
hazek
Legendary
*
Offline Offline

Activity: 1078
Merit: 1001


View Profile
August 28, 2012, 10:21:19 AM
 #12

I thought it was a very good round table! Even the anti stuff was quickly squashed.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
World
Hero Member
*****
Offline Offline

Activity: 743
Merit: 500



View Profile
August 28, 2012, 12:13:37 PM
 #13

Does anyone know how to download the video and put it on youtube?

use File Juicer http://echoone.com/filejuicer/ file>Browser Cache

Supporting people with beautiful creative ideas. Bitcoin is because of the developers,exchanges,merchants,miners,investors,users,machines and blockchain technologies work together.
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
August 28, 2012, 01:40:10 PM
 #14

I thought it was a very good round table! Even the anti stuff was quickly squashed.

yeah, I'd like to have seen demurrage discussed more deeply (not because I think it's a good idea, but because I think it can't work), but maybe these forums are a better place than a mainstream tv format with a (deliberately) dumb blonde.

Still true: nice round and good to see more mainstream coverage. It could've at least been longer, though.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
August 28, 2012, 01:48:25 PM
 #15

just managed to watch it to the end... that blonde really cracks me up:

Quote from: roger ver
<roughly quoted> the government can't shut down bitcoin unless they hsut down every single computer on the internet, it's mathematically impossible.

Quote from: blonde
*pounds table, screachy voice* THIS IS FASCINATING! *puts hand to head* I don't understand! I don't understand.

I really do think fundamentally understanding how bitcoin works is necessary to be able to trust it.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Technomage
Legendary
*
Offline Offline

Activity: 2058
Merit: 1048


Affordable Physical Bitcoins - Denarium.com


View Profile WWW
August 28, 2012, 01:59:58 PM
 #16

I really do think fundamentally understanding how bitcoin works is necessary to be able to trust it.

+1

That is a very good point. In my experience people definitely trust Bitcoin more when they understand it better.

New Denarium Decennium Gold Bar now on sale! Check it out from here!
Piper67
Legendary
*
Offline Offline

Activity: 1106
Merit: 1001



View Profile
August 28, 2012, 02:05:39 PM
 #17

I really do think fundamentally understanding how bitcoin works is necessary to be able to trust it.

+1

That is a very good point. In my experience people definitely trust Bitcoin more when they understand it better.

The problem is that you need to understand several different areas fairly well in order to get the complete picture:

- P2P networks
- Code and Open Source
- Cyrptography
- Economics
- Law
- Markets

And I'm probably missing a few.
kwukduck
Legendary
*
Offline Offline

Activity: 1941
Merit: 1000


View Profile
August 28, 2012, 04:04:33 PM
 #18

Very nice video, too bad it was so short and we didn't really see a discussion .

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
yogi
Legendary
*
Offline Offline

Activity: 947
Merit: 1022


Hamster ate my bitcoin


View Profile
August 28, 2012, 04:29:53 PM
 #19

I don't think she understands.

Transisto
Donator
Legendary
*
Offline Offline

Activity: 1732
Merit: 1000



View Profile WWW
August 28, 2012, 05:19:42 PM
 #20

Very nice video, too bad it was so short and we didn't really see a discussion .
Yep, I'd have spent a whole evening explaining her the laws of mathematix and stuff, Not on-line though Roll Eyes
World
Hero Member
*****
Offline Offline

Activity: 743
Merit: 500



View Profile
August 28, 2012, 05:34:50 PM
 #21

I don't think she understands.
you can explain to her,i think she is here  Cheesy
https://bitcointalk.org/index.php?topic=15672.msg1137784#msg1137784

Supporting people with beautiful creative ideas. Bitcoin is because of the developers,exchanges,merchants,miners,investors,users,machines and blockchain technologies work together.
greyhawk
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1000


View Profile
August 28, 2012, 07:20:00 PM
 #22

Lol, "largest"
Largest volume? MtGox/Silkroad
Most transactions? SatoshiDICE
Most company members? BitInstant (?)
Biggest deposit taker? Bitcoin Savings & Trust

...

Largest is such a funny word

Largest company members: Bitcoin Magazine, no contest.

Did you put on weight or something?  Huh
giszmo
Legendary
*
Offline Offline

Activity: 1582
Merit: 1000


¡ɥɔʇɐʍ ʇsnɾ &#7


View Profile
August 28, 2012, 07:37:14 PM
 #23

yeah, I'd like to have seen demurrage discussed more deeply (not because I think it's a good idea, but because I think it can't work), but maybe these forums are a better place than a mainstream tv format with a (deliberately) dumb blonde.

I'm still intrigued by the idea of demurrage and would love to see a big experiment on it but it would not work with a store of money and only with a governmental money that can be printed at will. Anyway, there is discussion about this here in the forum already and I turned sort of into a skeptic of combining demurrage with a bitcoin-based currency. Most likely it is impossible. (20% new money every year would have that effect but with anonymous users and a proof of work that would mean 20% of the world economy would go into mining. With "proof of identity mining" it could work with a massive incentive to trick the system and also I want bitcoin for it being cash online.)

I don't like/understand your comment on the "dumb blond". She is not into bitcoin for 2 years posting hundreds of questions. Also she asked the questions from a standpoint prior to her own research and did not at all make the impression of a deliberately dumb person.

I really do think fundamentally understanding how bitcoin works is necessary to be able to trust it.
I studied maths and consider myself predestined for understanding bitcoin. Still barely a day goes by that I don't feel like having more insight today than yesterday. I see it as our job to answer all questions of interested people in a profound and easy way so that they can answer questions with confidence knowing whom to point to for more detailed questions so that the 3rd line can know people that know people that really know bitcoin and trust it. You will never get 7 billion people to understand bitcoin. Most likely not even 7 million.
It would actually be a dramatic waste of time to force feed the bitcoin white paper to everybody in the world yet that would be only the bare minimum to understanding bitcoin.
I hope for a world where people know that they can still use bitcoin tomorrow because experts checked it just like people know they are able to fly cause experts built planes (or wing suits Smiley ) for them.

Learn easier with FluxCards (my creation) – Ƀ¡ɥɔʇɐʍ ʇsnɾ ˙ǝƃuɐɥɔ ɐuuoƃ s,ןɐǝɹɃMycelium Wallet (I'm the Android Lead Developer) – Ƀ
beckspace
Hero Member
*****
Offline Offline

Activity: 932
Merit: 500

CryptoTalk.Org - Get Paid for every Post!


View Profile
August 28, 2012, 07:43:14 PM
 #24

I hope for a world where people know that they can still use bitcoin tomorrow because experts checked it just like people know they are able to fly cause experts built planes (or wing suits Smiley ) for them.

+1.

Bitcoin, come fly with us.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
Report to moderator
n8rwJeTt8TrrLKPa55eU
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
August 28, 2012, 08:06:28 PM
 #25

Regarding Bitcoin's gender skew, some good news.

I just noticed this woman has made two videos...and both of them are about Bitcoin!

https://www.youtube.com/user/gwendolynbell

Not sure how influential she is or can be, but perhaps she will eventually become a female spokesperson for Bitcoin, which could help make the idea & technology less intimidating in certain contexts.
jimbobway
Legendary
*
Offline Offline

Activity: 1405
Merit: 1008



View Profile
August 28, 2012, 08:27:35 PM
 #26

Regarding Bitcoin's gender skew, some good news.

I just noticed this woman has made two videos...and both of them are about Bitcoin!

https://www.youtube.com/user/gwendolynbell

Not sure how influential she is or can be, but perhaps she will eventually become a female spokesperson for Bitcoin, which could help make the idea & technology less intimidating in certain contexts.

I prefer ladybytes.
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
August 28, 2012, 10:43:55 PM
 #27

I don't think she understands.


yeah, lol. well, true... but!!! she's in the spirit!

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
August 28, 2012, 10:44:28 PM
 #28

Very nice video, too bad it was so short and we didn't really see a discussion .
Yep, I'd have spent a whole evening explaining her the laws of mathematix and stuff, Not on-line though Roll Eyes

you'd end up fucking her... not the worst of options available.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
August 28, 2012, 10:48:44 PM
 #29

yeah, I'd like to have seen demurrage discussed more deeply (not because I think it's a good idea, but because I think it can't work), but maybe these forums are a better place than a mainstream tv format with a (deliberately) dumb blonde.

I'm still intrigued by the idea of demurrage and would love to see a big experiment on it but it would not work with a store of money

there has been a "big" experiment in some village in austria or switzerland, I don't recall... (someone chip in!). I think it only works at gunpoint and more valuable (storable) currencies will eventually take over.

I'm not sure about the ethical implications.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
giszmo
Legendary
*
Offline Offline

Activity: 1582
Merit: 1000


¡ɥɔʇɐʍ ʇsnɾ &#7


View Profile
August 28, 2012, 10:53:27 PM
 #30

yeah, I'd like to have seen demurrage discussed more deeply (not because I think it's a good idea, but because I think it can't work), but maybe these forums are a better place than a mainstream tv format with a (deliberately) dumb blonde.

I'm still intrigued by the idea of demurrage and would love to see a big experiment on it but it would not work with a store of money

there has been a "big" experiment in some village in austria or switzerland, I don't recall... (someone chip in!). I think it only works at gunpoint and more valuable (storable) currencies will eventually take over.

I'm not sure about the ethical implications.

If you are referring to the "original" experiment conducted in Wörgl, this I am aware of. I would like to see an experiment of this scale being repeated and well documented. It's really hard to get scientific data on the Wörgl experiment.

Learn easier with FluxCards (my creation) – Ƀ¡ɥɔʇɐʍ ʇsnɾ ˙ǝƃuɐɥɔ ɐuuoƃ s,ןɐǝɹɃMycelium Wallet (I'm the Android Lead Developer) – Ƀ
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
August 28, 2012, 10:54:52 PM
 #31

yeah, I'd like to have seen demurrage discussed more deeply (not because I think it's a good idea, but because I think it can't work), but maybe these forums are a better place than a mainstream tv format with a (deliberately) dumb blonde.

I'm still intrigued by the idea of demurrage and would love to see a big experiment on it but it would not work with a store of money and only with a governmental money that can be printed at will. Anyway, there is discussion about this here in the forum already and I turned sort of into a skeptic of combining demurrage with a bitcoin-based currency. Most likely it is impossible. (20% new money every year would have that effect but with anonymous users and a proof of work that would mean 20% of the world economy would go into mining. With "proof of identity mining" it could work with a massive incentive to trick the system and also I want bitcoin for it being cash online.)

I don't like/understand your comment on the "dumb blond". She is not into bitcoin for 2 years posting hundreds of questions. Also she asked the questions from a standpoint prior to her own research and did not at all make the impression of a deliberately dumb person.

I really do think fundamentally understanding how bitcoin works is necessary to be able to trust it.
I studied maths and consider myself predestined for understanding bitcoin. Still barely a day goes by that I don't feel like having more insight today than yesterday. I see it as our job to answer all questions of interested people in a profound and easy way so that they can answer questions with confidence knowing whom to point to for more detailed questions so that the 3rd line can know people that know people that really know bitcoin and trust it. You will never get 7 billion people to understand bitcoin. Most likely not even 7 million.

this!!, couldn't agree more.

It would actually be a dramatic waste of time to force feed the bitcoin white paper to everybody in the world yet that would be only the bare minimum to understanding bitcoin.
I hope for a world where people know that they can still use bitcoin tomorrow because experts checked it just like people know they are able to fly cause experts built planes (or wing suits Smiley ) for them.

I've been "trying to invent" "online money" back in the nineties. So maybe I'm pre-supplied with necessary bits of knowledge... but I still think understanding how bitcoin works is possible for anyone sane, even for 7 million individuals.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
August 28, 2012, 10:56:22 PM
 #32

Regarding Bitcoin's gender skew, some good news.

I just noticed this woman has made two videos...and both of them are about Bitcoin!

https://www.youtube.com/user/gwendolynbell

Not sure how influential she is or can be, but perhaps she will eventually become a female spokesperson for Bitcoin, which could help make the idea & technology less intimidating in certain contexts.

I prefer ladybytes.

+1, too bad she wont be at the conference.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
August 28, 2012, 10:57:56 PM
 #33

yeah, I'd like to have seen demurrage discussed more deeply (not because I think it's a good idea, but because I think it can't work), but maybe these forums are a better place than a mainstream tv format with a (deliberately) dumb blonde.

I'm still intrigued by the idea of demurrage and would love to see a big experiment on it but it would not work with a store of money

there has been a "big" experiment in some village in austria or switzerland, I don't recall... (someone chip in!). I think it only works at gunpoint and more valuable (storable) currencies will eventually take over.

I'm not sure about the ethical implications.

If you are referring to the "original" experiment conducted in Wörgl, this I am aware of. I would like to see an experiment of this scale being repeated and well documented. It's really hard to get scientific data on the Wörgl experiment.

thanks for chipping in relevant bits ("Wörgl"). You think it might work? Did it work out in Wörgl?


PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
herzmeister
Legendary
*
Offline Offline

Activity: 1764
Merit: 1007



View Profile WWW
August 28, 2012, 11:12:35 PM
 #34

It's really hard to get scientific data on the Wörgl experiment.

Quote from: wikipedia
the "experiment" was terminated by the Austrian National Bank on the 1st September 1933[4][5]

that's scientific (observational) data enough for me.

and our Chiemgauer you can observe all the time.  Cheesy

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
giszmo
Legendary
*
Offline Offline

Activity: 1582
Merit: 1000


¡ɥɔʇɐʍ ʇsnɾ &#7


View Profile
August 29, 2012, 04:27:13 AM
 #35

It's really hard to get scientific data on the Wörgl experiment.

Quote from: wikipedia
the "experiment" was terminated by the Austrian National Bank on the 1st September 1933[4][5]

that's scientific (observational) data enough for me.

and our Chiemgauer you can observe all the time.  Cheesy

Another quote from the German Wikipedia: "Nach Androhung von Armeeeinsatz beendete Wörgl das Experiment im September 1933."
(After threatening to use the military, Wörgl terminated the Experiment in September 1933.)

With scientific data I did not mean clear signs of the experiment having been a success by the banks sending the cavalry. Rather a repeated experiment with today's scientific standards.

Learn easier with FluxCards (my creation) – Ƀ¡ɥɔʇɐʍ ʇsnɾ ˙ǝƃuɐɥɔ ɐuuoƃ s,ןɐǝɹɃMycelium Wallet (I'm the Android Lead Developer) – Ƀ
herzmeister
Legendary
*
Offline Offline

Activity: 1764
Merit: 1007



View Profile WWW
August 29, 2012, 09:00:59 AM
 #36

Economics is not an exact science. You can't isolate humans with some soil and resources into a laboratory.  Angry

It's a social science. And I'd say for a regional currency demurrage is essential,
* because it encourages spending this currency instead of the national, thus boosting the local economy, and
* because otherwise in such a small economy, some will hoard too much, distribution would become too uneven and the money supply would become unstable.

But I'm for something like Ripple for a regional economy anyway, we don't need monetary systems with centrally managed supply anymore, as we're living in the information age.

And in the global scope, like intended with Freicoin, demurrage still doesn't make much sense for me. As many on this board would say, it's the production and not the consumption that matters.

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
justusranvier
Legendary
*
Offline Offline

Activity: 1400
Merit: 1006



View Profile
August 29, 2012, 01:24:55 PM
 #37

Economics is not an exact science. You can't isolate humans with some soil and resources into a laboratory.  Angry

It's a social science.
The standard disclaimer of social engineers everywhere to preemptively explain why their policies always seems to make everybody (except them and their friends) worse off.

* because otherwise in such a small economy, some will hoard too much, distribution would become too uneven and the money supply would become unstable.
This statement does not parse into something comprehensible unless "hoarding" is understood to mean, "retaining purchasing power earned by deferred consumption" and "unstable" is understood to mean, "impossible for the issuer to counterfeit in large quantities without attracting pitchforks and torches".
bitlane
Internet detective
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250


I heart thebaron


View Profile
August 29, 2012, 01:27:51 PM
 #38

Oh Janet....
I would drink a gallon of her pee, just to see where it came from.

giszmo
Legendary
*
Offline Offline

Activity: 1582
Merit: 1000


¡ɥɔʇɐʍ ʇsnɾ &#7


View Profile
August 29, 2012, 04:43:18 PM
 #39

Oh Janet....

Why so disgusting and sexist? I don't have a clear picture of your overall post quality but this post alone is worth an ignore.

Learn easier with FluxCards (my creation) – Ƀ¡ɥɔʇɐʍ ʇsnɾ ˙ǝƃuɐɥɔ ɐuuoƃ s,ןɐǝɹɃMycelium Wallet (I'm the Android Lead Developer) – Ƀ
Rygon
Hero Member
*****
Offline Offline

Activity: 520
Merit: 500


View Profile
August 31, 2012, 04:12:55 PM
 #40


I really do think fundamentally understanding how bitcoin works is necessary to be able to trust it.

I don't think most people fundamentally understand what it means to say that the US dollar is only backed by the "full faith and credit of the United States government." Yet, people still trust it because it has worked for them in the past.

Of course, past performance is not an indicator of future success...
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
August 31, 2012, 09:14:15 PM
 #41


I really do think fundamentally understanding how bitcoin works is necessary to be able to trust it.

I don't think most people fundamentally understand what it means to say that the US dollar is only backed by the "full faith and credit of the United States government." Yet, people still trust it because it has worked for them in the past.

Of course, past performance is not an indicator of future success...

Bitcoin doesn't have that luxury. It has to earn the trust. Earning it by "usualness" (I just looked that up for lack of a bette word) takes way too long and I don't think that's how the US dollar initially earned it's trust. It might be how it retains it, but it's not how it gained it in the first place. We need something else to support widespread trust and I don't think "this crypto-freak I know said it's safe and many people already use it" is quite sufficient.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
finkleshnorts
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250



View Profile
August 31, 2012, 09:25:04 PM
 #42


I really do think fundamentally understanding how bitcoin works is necessary to be able to trust it.

I don't think most people fundamentally understand what it means to say that the US dollar is only backed by the "full faith and credit of the United States government." Yet, people still trust it because it has worked for them in the past.

Of course, past performance is not an indicator of future success...

Bitcoin doesn't have that luxury. It has to earn the trust. Earning it by "usualness" (I just looked that up for lack of a bette word) takes way too long and I don't think that's how the US dollar initially earned it's trust. It might be how it retains it, but it's not how it gained it in the first place. We need something else to support widespread trust and I don't think "this crypto-freak I know said it's safe and many people already use it" is quite sufficient.

+1 molecular

I had to read a lot of crypto-freaks before I trusted bitcoin. It always takes so much explaining, and people are still skeptical. I usually go for the "open-source, vigorously and academically tested" route. I have no way of proving to anybody that it's secured by the laws of mathematics. I have gotten a lot of people very interested in bitcoin, but I haven't gotten anybody to actually buy some yet. I found out about it on my own, and once I decided it wasn't some elaborate scam, I HAD to buy some because I thought they were so revolutionary.
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
August 31, 2012, 10:06:14 PM
 #43


I really do think fundamentally understanding how bitcoin works is necessary to be able to trust it.

I don't think most people fundamentally understand what it means to say that the US dollar is only backed by the "full faith and credit of the United States government." Yet, people still trust it because it has worked for them in the past.

Of course, past performance is not an indicator of future success...

Bitcoin doesn't have that luxury. It has to earn the trust. Earning it by "usualness" (I just looked that up for lack of a bette word) takes way too long and I don't think that's how the US dollar initially earned it's trust. It might be how it retains it, but it's not how it gained it in the first place. We need something else to support widespread trust and I don't think "this crypto-freak I know said it's safe and many people already use it" is quite sufficient.

+1 molecular

I had to read a lot of crypto-freaks before I trusted bitcoin. It always takes so much explaining, and people are still skeptical. I usually go for the "open-source, vigorously and academically tested" route. I have no way of proving to anybody that it's secured by the laws of mathematics. I have gotten a lot of people very interested in bitcoin, but I haven't gotten anybody to actually buy some yet. I found out about it on my own, and once I decided it wasn't some elaborate scam, I HAD to buy some because I thought they were so revolutionary.

Exactly the same situation here. I have 2 close friends and I talk to them about bitcoin a lot. It's fucking hard to explain to someone with close to no background. They only "trust" bitcoin because they know me for a along time and trust me. This gets them excited enough to acquire 50 or 150 bitcoins (I don't know their exact balances). I'm pretty sure if they had the same level of understanding that I have, they would try to get their hands on a lot more bitcoins.

Interestingly these 2 friends greatly differ in understanding money and the powers around it: the one just stubbornly holds on to his "real money" (fiat), the other one buys metal and even some survival stuff, wants to buy land. As different as their perception is about monetary issues in general, as united they are in not fully trusting bitcoin. Why? Because they do not understand it and I think the possibility that bitcoin is a huge well-done scam that even screwed over their close friend molecular still lurks in the back of their heads.

I think we might have use for an much longer "weusecoins" video that explains how bitcoin works in detail.

If only I knew how to explain it without losing people on the way.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
nimda
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


0xFB0D8D1534241423


View Profile
August 31, 2012, 10:37:41 PM
 #44

My problem with explaining it is that it is too revolutionary. It has so many properties that I don't know where to start.
-Decentralized
--No central authority
---No central point of failure
---No inflation at said authority's whim
---Can't be taken down

-Relies on cryptography
--Can't be stolen no matter how good the excuse

-Pseudonymous
--Can be totally anonymous if done correctly

-Near-instant transactions
-Near-zero fees

-Open Source
--Tested by a large number of people
--Anyone can audit it or submit bugfixes

-Distributed fairly to those who help secure the network against attack
-Created at a predictable rate

-Blockchain enables many cool things like SatoshiDICE's provably fair gambling

Etc etc. That's a lot of meaningful points, and it's hard for people to get their heads around all of it.

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
n8rwJeTt8TrrLKPa55eU
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
September 01, 2012, 03:33:59 AM
 #45

My problem with explaining it is that it is too revolutionary. It has so many properties that I don't know where to start.

Yes, it's funny, this happens to me also, the damn thing is too brilliant.  It's a great floor wax and a delicious dessert topping, simultaneously.

I guess a better way to go about it would be to ask people a single question: what do you hate the most about your bank (or credit cards, or the financial system).  Then, depending on the answer, zero in and describe how Bitcoin solves that particular problem, without mentioning all the other benefits.
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1005


Gerald Davis


View Profile
September 01, 2012, 04:00:23 AM
 #46

I think time will also help.  When Bitcoin is still around 10 years after genesis even those who don't understand exactly how it works but first heard about it in a CNBC snippet 7 years prior will have a little more confidence it isn't some pyramid scheme or HYIP.  SR also helps.  It is an "must have site" for some users and the only way they can pay is Bitcoin.  Not saying Bitcoin should rely on SR but having things that people want which require Bitcoins is useful.  People are more likely to try somethng new if they "have to" rather than just because "it isn't PayPal".
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
September 01, 2012, 09:04:59 AM
 #47

My problem with explaining it is that it is too revolutionary. It has so many properties that I don't know where to start.
-Decentralized
--No central authority
---No central point of failure
---No inflation at said authority's whim
---Can't be taken down

-Relies on cryptography
--Can't be stolen no matter how good the excuse

-Pseudonymous
--Can be totally anonymous if done correctly

-Near-instant transactions
-Near-zero fees

-Distributed fairly to those who help secure the network against attack
-Created at a predictable rate

-Blockchain enables many cool things like SatoshiDICE's provably fair gambling

Etc etc. That's a lot of meaningful points, and it's hard for people to get their heads around all of it.

yes, deathandtaxes, time will help. but I'm impatient and the fiat system might collapse sooner than later. We better be ready to jump in.

The above features of bitcoin I quoted are secondary properties (I removed opensource) that can be derived from the fundamental properties (what's in satoshis paper). Satoshis short paper alone is sufficient to figure these out.

I think it's much better to try to explain these "dry math fundamentals" and let people figure out the implications for themselves.  That's much more effective in my mind than yelling at them: "but, but, it's decentralized therefore no govt. can shut it down!". Maybe the specific individual targeted doesn't even put much weight on this (or any other) particular feature.

If only it wasn't so damn hard to understand! We're so deeply involved ourselves that we don't even appreciate how hard it is.

Like the mathematics professors usual answer when asked some comprehension question ("I don't understand this or that"): "What exactly don't you understand? It's all right there... trivial to see.". There's nothing "exactly" that isn't being understood by the confused student, it's the big picture he's missing. He's missing it because he doesn't see how the cogs and wheels all work together in concert because his mind doesn't yet have the capacity to hold all the detail info at once. He can see this cog driving that wheel or whatever and all the little details one at a time, but in the end, he understands exactly nothing. He doesn't see the woods for all the trees and it doesn't help to yell at him: "look: the woods, all the animals that thrive in it, isn't it beautiful?!".

He has to figure it all out by himself, in quiet mind, only then he will have his heureka moment and be able to appreciate the beauty and really trust the "secondary properties" that derive from the "boring" technical details.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
yogi
Legendary
*
Offline Offline

Activity: 947
Merit: 1022


Hamster ate my bitcoin


View Profile
September 01, 2012, 03:28:32 PM
 #48



So when is this book coming out?

Pages: 1 2 3 [All]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!