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Author Topic: Economic Totalitarianism  (Read 345407 times)
Xester
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November 18, 2016, 07:24:14 AM
 #2481

Not surprised, leave it to Europe to screw over the working man, regardless of what they own or how wealthy they are, in favour of people who are against their best interests, economically and socially.

It's a shame that the European governments really don't think about their constituents anymore. Or, to be honest, that might be what they want to do.

A form of government in which the state controls every aspect of the individual’s life and all opposition is suppressed. A big no to this! As a human, we all need liberty, i believe that no person shall be deprive its liberty. the individual is subordinated to the state, and opposing political and cultural expression is suppressed. i know that most of us do not want to have a dictatorial leader.
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November 18, 2016, 07:49:31 AM
 #2482

THAT would be the acid-test of a new crypto: whether the black market guys would accept it.

I disagree. I am not here in crypto-land to create black markets. I am here to create a mainstream market of billions of people using crypto-currency.
Theres more money in the large scale open trade, I cant see the cocaine trade switching to bitcoin as its too open disclosed ?  If they saw an advantage in doing so they would have moved into it already but i think they prefer dollars as a more discreet means to move and launder money.  Bitcoin is more suitable for wide distribution efficently not centralisation like the cartels focused power
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November 23, 2016, 12:49:04 AM
 #2483

@AnonyMint here deconstructing proof-of-work (which appears to be Economic Totalitarianism).

Here is the rough draft from my white paper about invisible majority hashrate attacks on proof-of-work blockchains:

https://gist.github.com/shelby3/e90a45604969f1ed64395b0b72a56487

Very provocative!


See also my deconstruction of the scalepocalypse.
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November 23, 2016, 05:40:08 AM
 #2484

http://www.express.co.uk/news/world/735031/EU-votes-to-create-Super-Army-as-defence-plan-passes-through-parliament
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November 23, 2016, 10:42:19 PM
 #2485



Ha ha.  The EU can vote however it wants to, but that does not mean they will ever have an effective military force.

I read somewhere (but of course I do not KNOW this) that the German Army only has a very few helicopters that would work on no notice.  No (few) running choppers, lousy operational capability...

And that's just Germany!  Add the others..., well it's hard to see how the Europeans can put together anything that could stand up to Russia.
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November 23, 2016, 11:05:44 PM
Last edit: November 23, 2016, 11:40:44 PM by iamnotback
 #2486



Ha ha.  The EU can vote however it wants to, but that does not mean they will ever have an effective military force.

I read somewhere (but of course I do not KNOW this) that the German Army only has a very few helicopters that would work on no notice.  No (few) running choppers, lousy operational capability...

And that's just Germany!  Add the others..., well it's hard to see how the Europeans can put together anything that could stand up to Russia.

My high school mate who reached Lt. Colonel in the Air Force (my father got a Congressman to sign for his recommendation to the Air Force Academy), Blaine Holman, told me that their NATO counterparts couldn't fight their way out of a wet paper bag and were all about time-wasting bureaucracy.

My best friend and running partner (XCountry and Track&Field) from high school died of brain cancer in 2009 (e.g. we ran a 35 minute 10K together in 1983 in the summer after High School). He was a triathlete right up until about a year before he passed. RIP bro.


(From the left: myself, my father, and Blaine)



The Euro Army may actually be intended for policing force against the Euro citizens when they start rioting.

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November 24, 2016, 07:17:18 PM
 #2487

My current stance on anonymity and the future of government regulation of crypto-currency:

I think that is the big failure of any non-anonymous currency (most of them in fact).  With non-anonymity comes non-fungible coins.  You can decide not to accept coins that come from transactions in certain countries, you can decide not to have coins that have been held by the competition (if that competition is smaller), law makers can impose different taxes as a function of where coins come from (for instance, they could make tax transferrable: if you accept coins from someone who hasn't paid their taxes, YOU should now pay them in their place).

Non-anonymous coins are not fungible.

@iamnotback: I'm curious to know your stance on this. Does your new coin tackle this issue (if it's really one)?

Notwithstanding my opinion on whether governments are going to tax and attempt to fragment crypto-currency, higher valued transactions are more at risk than microtransactions. I just can't fathom the government attempting to ask people to report and pay taxes on every $0.0001 transaction they do on social networking. So since I am mostly focused on scaling out crypto-currency for social networking and apps gamification (think small payments for in game upgrades, etc), then i don't view anonymity as a crucial issue for fungibility in my targeted priority area.

My opinion is that governments are going to be forced to reduce regulation of crypto-currencies not increase. Because it is a global phenomenon that they don't have jurisdiction over. One-by-one they will fall like dominoes into this reality, especially as crypto-currency becomes more and more popular.

Additionally I believe there is a global monetary reset coming 2019-2024ish, in which we will have a global financial governance established with the World Bank, IMF, and SDRs. Thus the nations will turn to this new institutional regulatory power to regulate the global crypto-currencies without impacting fungibility. (See my posts in the Martin Armstrong thread of the Economics forum on why I believe this will come)

Privacy is I think a stronger argument for why we need some form of anonymity sets in our crypto-currency. I plan to do something low overhead with offchain mixing (with a new invention I have for that) to achieve a commensurate level of privacy for the market I am targeting. For every high valued finance, I am thinking Zcash's technology may be the best. The trusted key setup does not impact anonymity, only could allow hidden debasement (inflation). I think they will figure out a way to make these private keys in a way that corporations trust the veracity. I am not sure if I still see a need for Monero's form of anonymity. Maybe, I and I need to spend more time analyzing that. Haven't had time lately to focus on anonymity. There was an issue with Monero's viewkey being superior, etc...

In the past I dreamed of a perfect e-gold wherein our anonymity was absolute. I now realize that is not feasible and would violate the fundamental laws of physics. Analogous to we can't do anything in real life without some risk of it being known to someone else, the same will be true online. It will be impossible to have perfect assurance of anonymity. So we shouldn't be modeling fungibility on the assumption of perfect anonymity. Fungibility can be I think modeled on the assumption that the people-at-large will demand that their Internet money be globally fungible. It will be considered a basic human right that Internet money and access be without borders/barriers. The globalists want this. I believe the elite created Bitcoin as a Trojan horse against nation-state and banking interests selfishness. They are using us to force a wedge between nation-states and banks, and the global village reality of the Internet. We are the partners of the global elite, not their enemy. This is why we see Richard Branson offering his private island to Bitfury group's conference:

https://www.youtube.com/watch?v=Rep37R3l3_4

This is why we see Nicholas Negroponte at the Montreal Scaling Bitcoin conference talking about Internet access and money as a basic human right:

https://scalingbitcoin.org/presentations
https://youtu.be/0SnjrdQtf8Y?t=537
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November 25, 2016, 06:52:18 PM
 #2488

I am also from India and facing this issue as well.The main reason behind this have our government is taken a huge step and banned the higher value notes to take control of black money.So peoples here are trying to either buy gold with them quickly and some who know about bitcoins want to buy it.
Every day i see in our india exchange btcxindia.com,the price of bitcoin is just inreasing.

Is gold viable as a currency? How do you trade a gold necklace for a hamburger?

Wouldn't an instant currency transfer with your mobile phone be more practical?

Aren't Indians very fond of having a smart phone as soon as they can afford one?

The government can't stop people from using crypto-currency unless they block the Internet.

Am I correct that Indians hate to pay taxes?


Sadly yes indian dont love to pay taxes but i am totally against it because there is a huge lot of black money in our country which is slowing down country's progress for sure,thats why that strong step being taken to remove all those black money.

Bitcoin can be an option but still to buy bitcoin people have to first deposit their cash to bank account and then buy bitcoin and i that way government can track that big amount is being deposited but yes they can never know how much bitcoins have been holded and hence cannot take tax for that.

Bitcoin has that problem of onboarding, but Steem(it) does not. And there is a better clone/kind of Steem(it) coming which I think is going to make it very easy for the people to get crypto-currency without needing to go through an exchange. And then the world will change. I say this, because I am the person who is creating this new project.

Why is not paying taxes bad for your country? The government is the most inefficient use of resources, so keeping resources out of the government's hands should be the best for growing the economy.

An elephant is a mouse built to government specifications.”  ― Lazarus Long

You think the government is the only entity which can build roads, schools, and provide food and health care to the indigent?

Rather the problem in India is your country doesn't allow foreigners to invest there without a lot of corrupt bureaucracy. The problem of India is all the corruption. I read there are corrupt police and officials and it is very difficult and dangerous to attempt to do business there.

So what you really need in India is to stop the caste system and stop the corruption.

With crypto-currency and the Internet, we can empower the people of India to rise above the corruption, because the government officials can't control the Internet, the way they can control the lands, the licenses to build infrastructure and do physical business. The virtual economy is global and the people can increasingly go to it to earn income which can't be corrupted.

This is the future.
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November 26, 2016, 09:10:44 PM
 #2489

Some notes on the Social Contract, and our present condition.

I'm going to begin with something of a workaround. I'll posit that,
to the extent that God exists, he created an economic system such that
the individual had only to work in his own informed best interests to
create the greatest common good. That allows the Invisible Hand, and
some basic concepts of the Social Contract to coincide.

Some would argue that in practice, this doesn't work, that the mass
of the population gives up the burden of becoming informed and even
thinking for themselves in return for protection and a structured
existence. Put simply, if the economy produces four percent per annum
surplus goods, and two percent goes to the elite and the peasants
share the rest, everybody is, if not happy, perhaps satisfied with
the contract.

Since in theory all citizens in an economy participate equally, it
could be said that the society tolerates theft by the elite up to a
level where it becomes unacceptable.   

This limit of tolerance is somewhat narrower than might be supposed.
Historically, rates between zero and one percent real GDP growth are
much more common than the four percent or greater growth experienced
by most of the people alive today. The rising tide lifts all the boats.

It's reasonable to suppose that our present condition may not last
much longer, but before pursuing that, it's worth thing about where we
are now. We've had perhaps a generation, perhaps more, that has never
seen the need to challenge the established order, and the established
order, the Elite, TPTB, have never been called to account for their
privilege.

Such an arrangement encourages corruption. Such arrangements encourage
the exclusion of "squeaky clean" candidates for promotion. Corruption,
carried to extreme, and given time, may ultimately produce a kakistocracy.
Once established, such an arrangement may be impossible to remove absent
a revolution.

Accumulation of wealth gradually, over many years increases inequality
in the society. Strategies are devised to conceal or justify the theft,
but a city built on a hill cannot be hid. Those closest to it can be bought
off but the elite will find they cannot buy off enough sectors of society
without causing the fabric of that society to tear, or if they compromise
their income from monopolies of scale and captured legislatures, they fail.

It is tempting to dive into one of the many topics that should immediately
spring to mind. But I have a different question. What happens when the
play changes into a zero-sum game? Or put differently, when the elite
owns everything, who gets to decide what happens?   

That's a rhetorical question, obviously. Asking it merely shows that we
find ourselves in unfamiliar territory. If you doubt this, would you
believe blatant theft from the poorest people on this planet by their
elected government?
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November 30, 2016, 03:51:04 AM
 #2490

Arielbit the problem I found with BBHN & HSMM  is that it's a headache to connect wirelessly to these nodes (maybe easier for non n00bs), there's also project byzantium which I found interesting (I haven't tried it out yet), it looks easier to deploy without needing to find too many pieces of odd hardware or geeks capable of getting it all up and running.

Outside of the office he is one of the core developers of Project Byzantium (http://project-byzantium.org/), a live distribution of Linux for rapidly and easily setting up ad-hoc wireless mesh networks to replace or extend damaged communications infrastructure during emergencies. Subsequently, the Project Byzantium core team was deployed by FEMA to Brooklyn, New York to assist the community and first response teams after Hurricane Sandy when prevailing conditions made field communications unreliable.

Bryce A. Lynch: https://www.youtube.com/watch?v=1f_-1QyhJhs

Drop him a line: https://bitcointalk.org/index.php?action=profile;u=17
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December 05, 2016, 09:08:44 PM
Last edit: December 09, 2016, 07:19:08 AM by trollercoaster
 #2491

https://news.bitcoin.com/techfin-alibabas-jack-ma-bank-account/

http://www.dallasnews.com/news/dallas-city-hall/2016/12/08/dallas-police-fire-pension-board-ends-run-bank-stops-154m-withdrawals

https://www.youtube.com/watch?v=NrmMk1Myrxc&feature=youtu.be
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December 16, 2016, 04:32:16 AM
 #2492

The Australian government is destroying everything for money: http://www.topherfield.net/ato-takes-hutt-river-province/
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December 16, 2016, 06:54:34 PM
 #2493

...

I had an interesting conversation yesterday with a realtor here in town.

He (he and his wife are from Spain and maintain connections to their friends & families there) told me that European countries will definitely raise taxes (esp. on the "rich"), as they WILL NOT cut spending (no votes in cutting spending).

And they will do things like introduce NEW taxes, apparently real estate is not heavily taxed (it is kind of heavily taxed here, it varies by state, but 1% - 2% of real estate value goes to "Property Tax").

Europe already has high Income Tax as well as a VAT that is typically 17% - 21%.

He was NOT optimistic re Europe and "Economic Totalitarianism", he is getting inquiries from Norwegians, etc. who are looking to US property as a "Plan B" (smile).
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December 16, 2016, 10:09:19 PM
 #2494

I was a little interested in the US myself, property is incredibly cheap compared to this communist shit hole.
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December 17, 2016, 12:04:17 AM
 #2495

...

I had an interesting conversation yesterday with a realtor here in town.

He (he and his wife are from Spain and maintain connections to their friends & families there) told me that European countries will definitely raise taxes (esp. on the "rich"), as they WILL NOT cut spending (no votes in cutting spending).

And they will do things like introduce NEW taxes, apparently real estate is not heavily taxed (it is kind of heavily taxed here, it varies by state, but 1% - 2% of real estate value goes to "Property Tax").

Europe already has high Income Tax as well as a VAT that is typically 17% - 21%.

He was NOT optimistic re Europe and "Economic Totalitarianism", he is getting inquiries from Norwegians, etc. who are looking to US property as a "Plan B" (smile).

Taxes will rise on everything tangible (including precious metals) that is why you hide your assets in crypto-currency where they can only tax the fiat on/off ramps (exchanges).

That is why precious metals are inferior because you can't spend them directly (and this will unit-of-exchange feature never come back for metals! Not even in a mad-max collapse scenario) and thus they are taxed/confiscated at the exchanges/dealers or when you travel with them; whereas, for example with the new social network I will create on a crypto-currency, your crypto-currency will be very liquid.

Precious metals are so stupid now. You can't even move without having them confiscated. Keep them in a vault business and the government knows where to go confiscate them.
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December 17, 2016, 02:38:04 AM
 #2496

I was a little interested in the US myself, property is incredibly cheap compared to this communist shit hole.


That's interesting, I would not have guessed that property in Oz would be expensive, so much land and all.  Maybe GOOD property (without the snakes, etc.) or along the beach I could see being pricey.

Land itself has gone up a lot over the past few years (esp. like farmland in places like Iowa), but I have not looked at it nor read anything in about a year.  Right now we are concentrating on selling our ocean-view condo, then we will move into a smaller one (& cheaper, inland some).

trollerc, either here or elsewhere, drop us a line about TYPE of real estate you might like, wow, that could be a LOOOOONG thread...

DEFINITELY check with me if you're interested in Washington DC!  [Our daughter is a realtor there]

Smiley
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December 17, 2016, 04:12:41 AM
 #2497

I would only consider real estate in the US if there wasn't so much bureaucracy involved with getting a green card, I would consider living in Texas, Arizona or Florida, North Korea seems more appealing than Australia at the moment.
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December 17, 2016, 04:26:20 AM
 #2498

I was a little interested in the US myself, property is incredibly cheap compared to this communist shit hole.


That's interesting, I would not have guessed that property in Oz would be expensive, so much land and all.  Maybe GOOD property (without the snakes, etc.) or along the beach I could see being pricey.

Land itself has gone up a lot over the past few years (esp. like farmland in places like Iowa), but I have not looked at it nor read anything in about a year.  Right now we are concentrating on selling our ocean-view condo, then we will move into a smaller one (& cheaper, inland some).

trollerc, either here or elsewhere, drop us a line about TYPE of real estate you might like, wow, that could be a LOOOOONG thread...

DEFINITELY check with me if you're interested in Washington DC!  [Our daughter is a realtor there]

Smiley

Suffering from the same disease as Vancouver. Didn't get hit by the 08 crisis - China's build everything stimulus bailed us mining dominant countries out. Then interest rates began following the rest of the world down as our mining sector boomed. Prices went up all over. As Chinese and anyone else looking for an easy carry trade or a place to safely store their wealth figured out, Australia is pretty good (ala Vancouver, London etc)

Western Australia and Northern territory prices have dropped sharply as mining boom dies but eastern australia is ridiculous. I could give plenty of anecdotes regarding the stupidity of our local populations attitude to property, to crazy shit from overseas buyers to the complicitness of the media and government in pushing this rapidly expanding ponzi scheme. But, ill only give a few.

- "i have to buy now, borrow 100% of loan because ill get priced out if i can. It will never go down because the government wont let it. They're also building a road/train line/hospital etc in 5 years so get in now"- at every BBQ in Syd, Melb, Brisbane.

- friend of mine, his neighbors house was bought by a chinese guy. its a run down 3 bedder in a good area. mate talks to buyer who says 'if you know anyone who wants to sell, ill pay cash'. mate asks what he will do with this one he just bought? chinese guy says 'nothing'. he sold it 6 months later to another chinese buyer for a 300k profit, didn't move in, didnt do a thing.

- Oz sold 96k apartments nationwide to June 2016. In next year new builds coming on to market are around 93k. this doesn't include old inventory or the fact that a % of buyers can't get finance anymore and have to forfeit deposit. Government has again changed laws to enable foreign buyers to pick up this excess stock. Wouldn't want developers to go bust or the market to slow knowing our private debt to gdp is crazy.

- one real estate spruiker who owns hundreds of properties and is levered up was recently asked how he will cope if there are big problems in China? he said 'who cares about china!'

i dont think the real estate bubble will pop by itself, at least not due to domestic factors, we are too attached to it politically, culturally and socially. but once shit happens overseas, we are goners and we'll deserve everything we get.
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December 17, 2016, 05:04:01 AM
 #2499

Nicee  Roll Eyes
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December 23, 2016, 02:32:23 AM
 #2500

Not surprised, leave it to Europe to screw over the working man, regardless of what they own or how wealthy they are, in favour of people who are against their best interests, economically and socially.

It's a shame that the European governments really don't think about their constituents anymore. Or, to be honest, that might be what they want to do.

The Turner Diaries is non-fiction:

"The "System" begins by implementing numerous repressive laws on various forms of hate by repealing laws against rape (as rape laws are often viewed as "racist"), by making it a "hate crime" for white people to defend themselves from crime by non-whites even after all weapons are confiscated, and by pushing for new surveillance measures in order to monitor its citizens, such as a special passport required at all times and in all places to permanently monitor where individuals are."


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