There will be blood.

[Timo Y]

The internet already caused a huge turnover of power in the period 1997-2007. The elites lost control over the flow of information. What did they do while they were losing their power?  They were asleep, mostly, until eventually they crudely awoke to a world they didn't comprehend.

Hardly any blood was spilt during this first wave. Now comes the second wave. Bitcoin marked the day the internet stopped being a toy for 95% of its users.

[1713473298]

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[1713473298]

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[1713473298]

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[DamienBlack]

If you have a GPU and I have a GPU, and my GPU reaches ACROOOOOOOOOOOOOOOOOOOOOOS the room and starts to mine your coins... I MINE YOUR COINS... I MINE THEM UP!?!

Another happy silk road customer.

[Anonymous]

Allow me to go point by point.

1)Governments are parasites:
Government spending is a portion of GDP which means that resources are not destroyed by the government, merely reallocated. Additionally, they address externalities which could not be handled by the private sector. While the proper scope of government can certainly be debated, and I might agree that it is currently too large, to dismiss all governments as parasitic is incredibly ignorant.

Erm, why does an individual's labor need reallocation through the threat of violence? Also, it is destroyed through inefficiency and greed.

2) Governments have a monopoly of force:
There are currently 192 governments, which is no indicative of a monopolistic market. Rather, it in indicative of a competitive market with high entry costs. It is true that a cannot individually enter the "force market". I also cannot build my own cars. This does not mean that car manufacturers are a monopoly.

Look at our monetary system, the banks and the Rothschilds and you'll see it isn't as competitive as you would like it to be.

3) Countries are controlled by central banks:
First off, this isn't true. Second off, who cares?

Oh, but they are. They need to acquire their debt from somewhere.

[niemivh]

Which parasites?

Before asking Atlas a question just open up Atlas Shrugged and read a passage from that.  You'll get the same response.

=^D

JK, Atlas.  <3.

 

[Scientician!]

The parasites can't collect taxes on money they can't see.

You read a lot of Ayn Rand, don't you?

Meh. I can respect some of her positions but mostly she was an overly-pragmatic, pompous bitch.

You named yourself after her most famous steaming pile of hypocritical bullshit.

Let me guess - you're a teenager with fairly well off parents who thinks he's figured it all out with the sheer brilliance of his own sparkling intellect.

Your sneering narrative voice is a dead giveaway.

[Anonymous]

You named yourself after her most famous steaming pile of hypocritical bullshit.

Libel.

Let me guess - you're a teenager with fairly well off parents who thinks he's figured it all out with the sheer brilliance of his own sparkling intellect.

Your sneering narrative voice is a dead giveaway.

Your opinion is your own. All I know for certain is that I know nothing.

[DamienBlack]

The parasites can't collect taxes on money they can't see.

You read a lot of Ayn Rand, don't you?

Meh. I can respect some of her positions but mostly she was an overly-pragmatic, pompous bitch.

You named yourself after her most famous steaming pile of hypocritical bullshit.

Let me guess - you're a teenager with fairly well off parents who thinks he's figured it all out with the sheer brilliance of his own sparkling intellect.

Your sneering narrative voice is a dead giveaway.

You don't have to be mean, he was born that way. But seriously, Atlas is clearly above average intelligence. We all went though our ethical egoism phase. He'll grow out of it. Maybe. Personally I like Atlas's unwavering dedication to a cause. It is more than most people have. (I'm just teasing, Atlas is good people)

[nereer]

Let me guess - you're a teenager with fairly well off parents who thinks he's figured it all out with the sheer brilliance of his own sparkling intellect.

Your sneering narrative voice is a dead giveaway.

I have no opinion on Atlas (actually I think he is a good guy ), though personally I hate the Objectivist philosophy (a great watch that articulates my feelings well is the recent Adam Curtis doc called 'All Watched Over By Machines Of Loving Grace'), but man have I met a lot of the type of libertarian you describe. They are the bane of the reddit economics and politics boards.

[Coma]

The internet already caused a huge turnover of power in the period 1997-2007. The elites lost control over the flow of information.

I don't think elites lost control. I think they are loosing it right now, and what is happening on Spain, Greece, Ireland, Portugal, Egypt and Siria are consequence of this.
And there's plenty of blood there.

[Scientician!]

Libel.

I dream of my day in court shouting down Rand's zombie corpse ERRRRRRRRRRRRRRR Paul Ryan..

 

Your opinion is your own. All I know for certain is that I know nothing.

My opinion is that you think you know for certain that you know more than people who think they know for certain but only rely on opinion for their knowing.

In that respect, you're probably right.

[bittersweet]

There are currently 192 governments, which is no indicative of a monopolistic market.

You are wrong, they have a monopoly of violence over a specific territory. They generally agree who has the monopoly where. If there are some disagreements between them, there is a tension that eventually ends up with a violent war. And then they fight each other over the turf like common street gangs do. The only difference is that a lot less civillians die in gang wars.

[DamienBlack]

There are currently 192 governments, which is no indicative of a monopolistic market.

You are wrong, they have a monopoly of violence over a specific territory. They generally agree who has the monopoly where. If there are some disagreements between them, there is a tension that eventually ends up with a violent war. And then they fight each other over the turf like common street gangs do. The only difference is that a lot less civillians die in gang wars.

I wish I could hold so tightly to such a simplistic view of international politics. Exaggeration and unbridled hate is certainly easier that nuance and understanding.

[bittersweet]

I wish I could hold so tightly to such a simplistic view of international politics. Exaggeration and unbridled hate is certainly easier that nuance and understanding.

Please share you nuanced viewpoint about international politics. This post of yours lacks any meaningful substance.

[foxcartier]

I'd argue the world is some form of an oligopoly.

[Scientician!]

There are currently 192 governments, which is no indicative of a monopolistic market.

You are wrong, they have a monopoly of violence over a specific territory. They generally agree who has the monopoly where. If there are some disagreements between them, there is a tension that eventually ends up with a violent war. And then they fight each other over the turf like common street gangs do. The only difference is that a lot less civillians die in gang wars.

I wish I could hold so tightly to such a simplistic view of international politics. Exaggeration and unbridled hate is certainly easier that nuance and understanding.

Taking an argumentative position supporting any form of government to someone who belives (falsely, of course) that any form of government is corrupt and evil is an excercise in force cancellation.

Trolling birthers and the "9/11 WAZ AN INSIDE JAWBBB" crowd is equally effective, and far more entertaining.

[Scientician!]

My nuanced point about international politics and politics in general throughout history:

http://farm3.static.flickr.com/2648/4240414622_2bef0903aa.jpg

[Coma]

We who have the coins, makes the noise?

[Vandroiy]

The only true enemy of Bitcoin is blind activism of politicians who want to do something, as in anything. That's not the kind of thing to start a focused war, now is it?

I think the reason for blood will be when too many people have too extreme expectations and lose money. Possibly, money they didn't own in the first place; funds borrowed for speculation.

But a war against a currency? Mmh, maybe, but I don't see it yet. Nobody really hates them, they're just another kind of asset. If people find ways to track drug dealers in the block chain, which might very well happen, there's not all that much to be angry about concerning BTCs.

[Coma]

I think the reason for blood will be when too many people have too extreme expectations and lose money. Possibly, money they didn't own in the first place; funds borrowed for speculation.

And how may there be blood there? As it is I think people woudl just go to jail. Where there's blood, but not necessarily.

[Vince Torres]

Where would violence come from? Austrian commandos storming the Federal Reserve? A nuclear exchange between Mt.Gox and Paypal?

I don't see it.

Lol