2012-08-28 huffingtonpost.com - Chomping At The Bitcoin - The Ups And Downs Of C

[World]

I don't think she understands.

you can explain to her,i think she is here 
https://bitcointalk.org/index.php?topic=15672.msg1137784#msg1137784

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[greyhawk]

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? 

[giszmo]

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 ) for them.

[beckspace]

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 ) for them.

+1.

Bitcoin, come fly with us.

[n8rwJeTt8TrrLKPa55eU]

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]

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]

I don't think she understands.

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

[molecular]

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

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

[molecular]

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.

[giszmo]

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.

[molecular]

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 ) 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.

[molecular]

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.

[molecular]

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?

[herzmeister]

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

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. 

[giszmo]

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

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. 

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.

[herzmeister]

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

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.

[justusranvier]

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

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]

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

[giszmo]

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.

[Rygon]

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...