Economic Totalitarianism

[smooth]

Thanks for the replies/edits TPTB. Very interesting.

[username18333]

I have debated Chomsky for example on Hume. I aced the course in Philosophy at the university and even I have corrected an IQ test on a philosophical test question. I can go there, but please not here and not now. Because for one reason is I am a reductionist and will pour energy into sieving the generative essence which consumes much effort, especially when we are referring to the wide open abstractions of philosophy.

(The fitness, as it pertains to the debate of color, of the blind is that of the non-Postmodern Epicurean as it pertains to the debate of ontology—illusory [i.e., non-veridical])

The wealth required by nature is limited and is easy to procure; but the wealth required by vain ideals extends to infinity.

Thou shalt take no interest of thy brother, interest of money, interest of victuals, interest of anything that can be lent upon interest: of a foreigner thou mayest take interest, but of thy brother thou shalt not take interest; that Jehovah thy God may bless thee in all the business of thy hand in the land whither thou goest to possess it.

Economy is the controlled implosion of conceived value, via the infinite blueshift of idle want, within a social Schwarzschild wormhole that terminates with one's person.

He who is not satisfied with a little, is satisfied with nothing.

All gain should seem infinitesimal relative to the More of boundless want—a demigod.

[TPTB_need_war]

Economy is the controlled implosion of conceived value, via the infinite blueshift of idle want, within a social Schwarzschild wormhole that terminates with one's person.

You always come back to the idiotic theme of the only economy is no economy, i.e. man is an island.

Even the Bible recognizes for example in the Parable of the Talents that not conducting trade and commerce is more evil than burying your talents (capital or shekels) in a hole.

The following explicitly argues against producing everything yourself and instead build economies-of-scale and trade:

Leviticus 19:19  Ye shall keep my statutes. Thou shalt not let thy cattle gender with a diverse kind: thou shalt not sow thy field with mingled seed: neither shall a garment mingled of linen and woollen come upon thee.

[username18333]

You always come back to the idiotic theme of the only economy is no economy, i.e. man is an island.

Tribe is hyperreal and begets possession. Possession is [hyper-]real and begets money. Money is hyperreal and begets state. State is [hyper-]real and begets hyperreality.

Death does not concern us, because as long as we exist, death is not here. And when it does come, we no longer exist.

For a presumption of existence, the acknowledgment of nonexistence would seem lunacy.

[TPTB_need_war]

Please take your Biblical preaching and existential philosophical wanderings to own thread. It is OT here. Start a thread on that and I will join you over there.

Money does not inherently beget State and is compatible with tribalism. I am working on that paradigm shift now. I explained already upthread(in Economic Devastion because I attempted to move the discussion there please) that technology and not money is what caused the current state-of-affairs.

Your theory of money and economy is too myopic.

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.

A heterarchical currency enables every individual holder of the currency to draw against the balance of every other holder of it. In the case of the G.E. coin, an individual holder's inflation of the monetary base (effectively) draws capital from other holders in accordance with the magnitude of their GEC holdings, mitigating each holder's personal losses while, simultaneously, maximizing their provision. (Furthermore, it incentives one to minimize [perhaps, through destruction] its currency holdings.)

Let me see if I can bring this thread back on topic.

The above quote was an OT post to an OT discussion in the Economic Totalitarianism thread. I wish we attempt to discuss monetary theory in an appropriate thread, so readers can follow threads.

The entire point of my (AnonyMint's) seminal essay linked from the opening post of this thread, is that production in the Industrial Age and prior epochs required great economies-of-scale in fixed capital, e.g. factories, mechanized farming, Egyptian slaves for pyramid building, etc..

Production in the Knowledge Age is the creation of new knowledge (not just the consumption of existing, although learning is a form of knowledge creation), e.g. software, 3D printing/CNC mill design patterns, marketing, writing, etc.. This notion (genre) of production can not be financed with interest bearing capital (read my seminal article!), and the capital resides with the individual and not with economies-of-scale (e.g. The Mythical Man Month).

Thus the generative essence of the problem has been not money nor free market capitalism itself, but the power that the technological state of mankind imparted to money.

The Knowledge Age is solving this problem.

Money will return to its roots (as an improvement over non-fungible barter) of being a unit-of-exchange, and less of a store-of-value.

This is the why Industrial Age and socialism are going totalitarian into a NWO, one-world reserve and governance outcome (go big or die is their necessary mantra). Because the paradigm is dying.

So we don't want an anti-money (whom can free-for-all coinbase nilly-willy debase faster race into the abyss) shitcoin that is designed to perniciously, self-destruct into a mutual chaos. Instead you want a money that is designed to primarily to be the best unit-of-exchange and which has extensive ability to resist totalitarianism. Money must debase and the best way is when it debases the most for those who do not transact so as to encourage the greatest unit-of-exchange. The power-law distribution of wealth is a pump that must be constantly reprimed, i.e. the concentrated wealth must be pumped back out to the masses to spend it again so it can return to those who concentrate wealth via their greater skill, fortitude, effort, etc..

Stay tuned...that money (with extensive mathematical innovations over any existing altcoin and potentially a Bitcoin killer) is coming soon to a cinema near you...

[username18333]

Money does not inherently beget State…

For a presumption of existence, the acknowledgment of nonexistence would seem lunacy.

"tates" (generalizethis), as well, are not "physical" (generalizethis) and, therefore, cannot, within the real, "wield physical force" (generalizethis): those subject to the "virtual reality" (i.e., hyperreality [i.e., any network of symbols that, exclusively, references symbols]) do so (in reality, not in effect [for their collective delusions about the constitution of Real]).

Soc. We shall know better, my good friend, in a little while. The point which I should first wish to understand is whether the [capital] or [money] is beloved by the [1‱] because it is [money], or [money] because it is beloved of the [1‱].

(Germaneness mine.)

[username18333]

I quoted the post for you. Edited prior message.

It was the friction of high fixed capital investment of the Industrial Age which prevented optimal network scaling.

You write as though such “friction” could be indeliberate and unplutocratic.

[TPTB_need_war]

Greece will default.

No it won't!

Your model of the goal and outcome is wrong. Read my my post at the following link:

https://bitcointalk.org/index.php?topic=1082909.msg11937734#msg11937734

The entire EU will brought into debt crisis and only then will there be a monetary reset in a NWO slavery system.

Dumb ass European people can't even see what is so obvious to me since 2010 when I predicted this outcome.

[TPTB_need_war]

http://www.valuewalk.com/2015/01/u-s-vs-china-tax-system/

http://www.china-briefing.com/news/2014/06/30/china-agrees-fatca-compliance.html

http://www.forbes.com/sites/taxanalysts/2015/01/13/chinas-fiscal-roadmap-tax-like-america/

Fatca is the seed planted by uncle Sam which will eventually develop into a global tax system, it builds the foundation for them to launch their NWO coin, to streamline tax collection and crush terrorism, tax evasion and underground activities which the masses will be begging for after the global economy melts down.

After 2020, try to invest in Asia if you can hide it from your home countries' capital controls and virtual/proxied internment of yourself where ever you may roam.

There is supposed to be a bank secrecy law in the Philippines, but it doesn't apply any more if you are an American:

http://globalnation.inquirer.net/126363/u-s-and-ph-sign-anti-tax-evasion-pact

As I said, Asia will bottom by 2020, because it has much more upside:

http://business.inquirer.net/195694/aquino-signs-into-law-2-economic-game-changers

[Hueristic]

Please stop feeding that troll who wants to pump his nebulous Great Empire Coin™ into every discussion that is proximate to the nature of money and society. It is burying this thread in pages and pages of neologisms and obscure philosophical quotes which are all OT of this thread which as stipulated in the opening post of this thread is supposed to be about practical solutions to Economic Totalitarianism. (note I have been very patient with him over the past year, so please don't accuse me of not being open to tangential discussion)

I just wish he would stop his apparently intentional efforts to take practical discussion off on philosophical abstractions which are often not even clearly correct or at least not precisely relevant. I mean we are in a crisis mode right now and need to focus our energies on tangible efforts.

I have debated Chomsky for example on Hume. I aced the course in Philosophy at the university and even I have corrected an IQ test on a philosophical test question. I can go there, but please not here and not now. Because for one reason is I am a reductionist and will pour energy into sieving the generative essence which consumes much effort, especially when we are referring to the wide open abstractions of philosophy.

The solution is simple and it will never become a reality. All value is based on time.

[username18333]

The solution is simple and it will never become a reality. All value is based on time.

Potential infinity refers to a procedure that gets closer and closer to, but never quite reaches, an infinite end.

The wealth required by nature is limited and is easy to procure; but the wealth required by vain ideals extends to infinity.

[generalizethis]

Please stop feeding that troll who wants to pump his nebulous Great Empire Coin™ into every discussion that is proximate to the nature of money and society. It is burying this thread in pages and pages of neologisms and obscure philosophical quotes which are all OT of this thread which as stipulated in the opening post of this thread is supposed to be about practical solutions to Economic Totalitarianism. (note I have been very patient with him over the past year, so please don't accuse me of not being open to tangential discussion)

I just wish he would stop his apparently intentional efforts to take practical discussion off on philosophical abstractions which are often not even clearly correct or at least not precisely relevant. I mean we are in a crisis mode right now and need to focus our energies on tangible efforts.

I have debated Chomsky for example on Hume. I aced the course in Philosophy at the university and even I have corrected an IQ test on a philosophical test question. I can go there, but please not here and not now. Because for one reason is I am a reductionist and will pour energy into sieving the generative essence which consumes much effort, especially when we are referring to the wide open abstractions of philosophy.

The solution is simple and it will never become a reality. All value is based on time.

Isn't that essentially all you are born with? Time (*and space)? Perhaps this is why the idea (value) of martyrdom is so powerful: you sacrifice your current time and space for a chance to expand your value into the greater expanse of communal time and space?

Bringing it back OT: Isn't this what a POW system represents: Input of time + space (energy?) = symbolic output?

[username18333]

Bringing it back OT: Isn't this what a POW system represents: Input of time + space (energy?) = symbolic output?

That's a labor theory of value and, thus, inaccurate. PoW merely ensures that one's (monetary) interests are best served through a coin and not against it (for the non-trivial investment that is the common PoW-coin mining operation).

[trollercoaster]

http://www.forbes.com/sites/robertwood/2015/03/07/undercover-tourist-tax-spies-in-greece-then-private-bounty-hunters-for-irs/

[generalizethis]

Bringing it back OT: Isn't this what a POW system represents: Input of time + space (energy?) = symbolic output?

That's a labor theory of value and, thus, inaccurate. PoW merely ensures that one's (monetary) interests are best served through a coin and not against it (for the non-trivial investment that is the common PoW-coin mining operation).

Time + space = non-trivial investment 

[username18333]

That's a labor theory of value and, thus, inaccurate. PoW merely ensures that one's (monetary) interests are best served through a coin and not against it (for the non-trivial investment that is the common PoW-coin mining operation).

Time + space = non-trivial investment  

What's being gotten at, however, is that the investment itself does nothing to bolster the assorted (sensible) valuations of a PoW-coin: it prevents the coin from coming under attack by malevolent-thereto miners (or, in other words, "crypto- assassins").

[TPTB_need_war]

All value is based on time.

Nonsense.

Value is based on relative fitness.

One of the generative essence of my theory of everything (see the last two articles in my blog unheresy.com and also my Understand Everything Fundamentally essay), is that fitness can not be characterized with any holistic (aggregate or macroscopic) metric. Fitness is inherently local and individualized.

Someday I will write some more carefully thought out essays to unify all the detailed arguments. But not now. I am busy being a programmer again.

There is not one growth rate in an economy. Efficiency of production of some things grows faster than other things. Thus it is impossible to design a basket weighting for GDP or purchasing power which has the same relative impact on every member of society, since distinct demographics, personalities, and situations impact personal consumption priorities.

Who is to decide whose priorities are paramount?

The only scenario that is not redistributive is one where the currency is debased at a rate equal to the aggregate economic growth in the economy. This is the point of equilibrium where idle savings maintain purchasing power but do not grow or decline.

There is no measurable equilibrium point because the economy has diversified personal metrics.

Rather the only metric I have been able to identify is the one I stated in my prior post:

3. Due to that squared law explained in #2 and coupled with the fact that small things and investments grow faster, the upcoming wealthy gain more from debasement than the egregiously wealthy. Thus debasement is a very natural, efficient allocator of wealth to the maximum production. The super wealthy can't focus their investments to the most productive because their wealth is too large to allocate efficiently. They are more concerned about safety, economies-of-scale, and return of capital, which retards production in the economy. [implication is that the more wealthy someone is, then the more reliant on usury for return-on-investment instead of non-guaranteed return (a.k.a. return versus risk)]

Thus raising the debasement rate redistributes capital from lower efficiency investment (and thus production) to higher efficiency investment and production. Thus benefiting everyone in society.

Thus the debasement rate should be set as high as such that a super majority of society can receive an increase in their personal purchasing power (personal priorities) that exceeds the debasement rate. This will not stop members of society from competing for higher return-on-investment, because to be in that super majority you must compete.

Whereas, if it were true that everyone had the same priorities and we could set the debasement to one monolithic purchasing power metric, then no one would have an incentive to compete. This is yet another example of why uniform distribution is lifeless. I mentioned this abstract concept in my two blogs, The Universe and Information is Alive!.

[generalizethis]

That's a labor theory of value and, thus, inaccurate. PoW merely ensures that one's (monetary) interests are best served through a coin and not against it (for the non-trivial investment that is the common PoW-coin mining operation).

Time + space = non-trivial investment  

What's being gotten at, however, is that the investment itself does nothing to bolster the assorted (sensible) valuations of a PoW-coin: it prevents the coin from coming under attack by malevolent-thereto miners (or, in other words, "crypto- assassins").

What you're missing is that if you are evaluating the non-trivial investment, you can't disengage it from what makes it a non-trivial investment if you want to do a an honest (thorough) evaluation.  

[trollercoaster]

http://mynorthwest.com/76/2782087/Report-Committee-considers-eliminating-singlefamily-zoning-in-Seattle

[username18333]

What you're missing is that if you are evaluating the non-trivial investment, you can't disengage it from what makes it a non-trivial investment if you want to do a an honest (thorough) evaluation.

The investment is relevant only insofar as it renders an assault on a PoW-coin unprofitable, for the defense from an attack is what keeps the coin from being valued less for its having suffered some manner of compromise therefor.