|
myrkul
|
 |
September 01, 2012, 07:29:05 PM |
|
If you're earning wages and paying into social security,
you're already getting fooled. The con is just longer,
but the basic principle is exactly the same.
mind=blown. I hadn't thought of it in those exact terms before. I knew SSI was BS, but I hadn't made a connection to it being an actual Ponzi. That's exactly what it is, though, isn't it? If obligations are paid with later deposits, that's a damn Ponzi. Hey... I don't suppose you can cash out all your SSI benefits all at once?  |
|
|
|
|
|
|
|
|
|
|
|
|
The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
sadpandatech
|
|
September 01, 2012, 07:33:50 PM |
|
|
If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system.
- GA
It is being worked on by smart people. -DamienBlack
|
|
|
|
nimda
|
|
September 01, 2012, 07:59:13 PM |
|
It's all part of a maturing free market.
|
|
|
|
|
jojo69
Legendary
 Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
|
September 01, 2012, 08:07:05 PM |
|
If you're earning wages and paying into social security,
you're already getting fooled. The con is just longer,
but the basic principle is exactly the same.
mind=blown. I hadn't thought of it in those exact terms before. I knew SSI was BS, but I hadn't made a connection to it being an actual Ponzi. That's exactly what it is, though, isn't it? If obligations are paid with later deposits, that's a damn Ponzi. Hey... I don't suppose you can cash out all your SSI benefits all at once? welcome to the red pill brother |
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
|
|
|
|
myrkul
|
|
September 01, 2012, 08:12:21 PM |
|
If you're earning wages and paying into social security,
you're already getting fooled. The con is just longer,
but the basic principle is exactly the same.
mind=blown. I hadn't thought of it in those exact terms before. I knew SSI was BS, but I hadn't made a connection to it being an actual Ponzi. That's exactly what it is, though, isn't it? If obligations are paid with later deposits, that's a damn Ponzi. Hey... I don't suppose you can cash out all your SSI benefits all at once? welcome to the red pill brother Oh, I took that a long time ago. My issues with SSI were just coming from a different angle. Realizing that it is not only a government program I'm forced to pay into but a government Ponzi that I'm forced to pay into was just a little shocking.  |
|
|
|
kokojie
Legendary
Offline
Activity: 1806
Merit: 1003
|
|
September 10, 2012, 02:44:52 PM |
|
If you're earning wages and paying into social security,
you're already getting fooled. The con is just longer,
but the basic principle is exactly the same.
mind=blown. I hadn't thought of it in those exact terms before. I knew SSI was BS, but I hadn't made a connection to it being an actual Ponzi. That's exactly what it is, though, isn't it? If obligations are paid with later deposits, that's a damn Ponzi. Hey... I don't suppose you can cash out all your SSI benefits all at once? welcome to the red pill brother Oh, I took that a long time ago. My issues with SSI were just coming from a different angle. Realizing that it is not only a government program I'm forced to pay into but a government Ponzi that I'm forced to pay into was just a little shocking. Social security is not a ponzi, the money is invested in bonds, that generate real returns, and pays out using those returns. It may end up to be in deficit due to unrealistic promises and mis-calculation, and require government intervention (for example raising the retirement age, as they have done before), but it is not a ponzi. |
btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
|
|
|
JoelKatz
Legendary
Offline
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
|
|
September 10, 2012, 05:50:59 PM |
|
George Bush said it best... well, he said it anyway: http://www.youtube.com/watch?v=eKgPY1adc0A |
I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
|
|
|
|
Poll
