bmoney9
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June 20, 2011, 05:46:45 PM |
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hey all..good luck mining!
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Aptitude
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June 20, 2011, 06:03:12 PM |
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Hi, I am Aptitude, aaand 3 more posts to go...
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Harry
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June 20, 2011, 07:09:05 PM |
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So I need another few posts.
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Harry
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June 20, 2011, 07:09:51 PM |
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So I need another few posts.
To this thread to get...
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JazzyJ
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June 20, 2011, 07:10:13 PM |
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It may be better to start a new thread with your question scar.
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Harry
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June 20, 2011, 07:11:08 PM |
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So I need another few posts.
To this thread to get... The permission to write to another thread where my writing is on topic so long
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Harry
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June 20, 2011, 07:12:39 PM |
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The permission to write to another thread where my writing is on topic Still not enough, so here goes another one.
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101100100110
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June 20, 2011, 07:30:57 PM |
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Hey all,
I'm a writer based in Chicago. I'm not a miner or trader, but I am very interested in the sociology and economics of the Bitcoin experiment.
I also find the goldbuggery / currency crankery that Bitcoin tends to attract to be personally hilarious. I was around for the adoption of the web, and I see something around Bitcoin that is very familiar to something I saw on USENET and early forums: a huge volume of dramatically wrong utterances espoused by so many people that the world as we knew it was over, man.
Right. Fifteen years later on, giant corporate monoliths are actually bigger, the biggest piles of capital are still pushed around by idiots whose only qualification is to have been pooped out of elite business schools, and with very few exceptions, internet entrepreneurship has created investment bubbles rather than substantive change in value creation.
Cryptocurrency is awesome. It isn't going to make economic libertarian whackos happy, though. The only thing that will do that is weed.
Anyway, I love P2P stories and I find Bitcoin amazing.
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zargon
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June 20, 2011, 07:47:16 PM |
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howdy y'all
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CJYP
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June 20, 2011, 07:49:24 PM |
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Hello.
We're really allowed to just say hello and knock off 1/5 of the requirement to become jr. member?
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zargon
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June 20, 2011, 07:51:12 PM |
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Hey all,
I'm a writer based in Chicago. I'm not a miner or trader, but I am very interested in the sociology and economics of the Bitcoin experiment.
I also find the goldbuggery / currency crankery that Bitcoin tends to attract to be personally hilarious. I was around for the adoption of the web, and I see something around Bitcoin that is very familiar to something I saw on USENET and early forums: a huge volume of dramatically wrong utterances espoused by so many people that the world as we knew it was over, man.
Right. Fifteen years later on, giant corporate monoliths are actually bigger, the biggest piles of capital are still pushed around by idiots whose only qualification is to have been pooped out of elite business schools, and with very few exceptions, internet entrepreneurship has created investment bubbles rather than substantive change in value creation.
Cryptocurrency is awesome. It isn't going to make economic libertarian whackos happy, though. The only thing that will do that is weed.
Anyway, I love P2P stories and I find Bitcoin amazing.
are you suggesting that the internet has not noticably changed the world?
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Solution
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June 20, 2011, 07:52:24 PM |
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Haha bitcoins. In.
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CJYP
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June 20, 2011, 07:52:36 PM |
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are you suggesting that the internet has not noticably changed the world? That's what it looks like he is saying.
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101100100110
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June 20, 2011, 08:05:28 PM |
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are you suggesting that the internet has not noticably changed the world?
From the point of view of the rich, yes, that is what I am saying. To the rich, the net has provided new avenues for venture capital, and expanded the opportunity for investment in net-related technologies, but these by and large have been bubble investments. And the rich were already profiting from bubbles - for example, nobody needed the web to invent mortgage-backed securities. Generally, very little change there. Sure, there are exceptions, but by and large, the "immutable bylaws of business" have continued to accrete capital to the rich. In 1996, the wild-eyed among us were certain that capital itself was being democratized and decentralized (such as Bitcoin/P2P cryptocurrency is often said to be doing). That is, to say the least, not the case a decade and a half later.
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btcsquirrel
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June 20, 2011, 08:19:36 PM |
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Noob miner reporting for duty.
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MarketAnarchist
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June 20, 2011, 08:20:21 PM |
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So, because the rich have gotten richer we should all just abandon this and let the Fed run the world.
Nice try, Ben Bernanke.
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NF6X
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June 20, 2011, 08:29:35 PM |
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Hello.
We're really allowed to just say hello and knock off 1/5 of the requirement to become jr. member?
Yes. P.S.: Hello.
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zargon
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June 20, 2011, 08:45:44 PM |
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From the point of view of the rich, yes, that is what I am saying.
To the rich, the net has provided new avenues for venture capital, and expanded the opportunity for investment in net-related technologies, but these by and large have been bubble investments. And the rich were already profiting from bubbles - for example, nobody needed the web to invent mortgage-backed securities. Generally, very little change there.
Sure, there are exceptions, but by and large, the "immutable bylaws of business" have continued to accrete capital to the rich. In 1996, the wild-eyed among us were certain that capital itself was being democratized and decentralized (such as Bitcoin/P2P cryptocurrency is often said to be doing). That is, to say the least, not the case a decade and a half later.
well, thats merely side of the coin now isn't it. I do beleive it(our beloved internet) has atleast mildly shrunk the gap and allowed many people to elevate themselves, and made it much cheaper for the little guy to try and get ahead, share information, get around the big bad fortune 500'ers and other rich fat cats. many of the rich are rich for a reason, they are ruthless and/or smart and of course use new tech to stay richer
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lilika
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June 20, 2011, 08:48:25 PM |
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Hi I'm lilika from Brasil, and that's my 2nd post......need 3 more
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