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ryepdx
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June 29, 2011, 07:42:23 PM |
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I just ninja'd his ass. :-3 |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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MoonShadow
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June 29, 2011, 07:44:48 PM |
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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MoonShadow
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June 29, 2011, 07:48:13 PM |
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I just ninja'd his ass. :-3 And by ninja'd, you mean what exactly? |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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molecular
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June 29, 2011, 08:25:32 PM |
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This. Is. Awesome. Except, f lat money?!  +1 awesome. Especially like the ending: Money is trust in the system, be it the earth, the government, or the internet. So our question to you is this: 'who do you trust?' |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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ribuck
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June 29, 2011, 08:56:15 PM |
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This. Is. Awesome. Except, f lat money?! I think that should become the new meme. We should call all govt-issued paper currency "flat money". |
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ryepdx
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June 29, 2011, 09:02:22 PM |
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And by ninja'd, you mean what exactly?
Posted about a million comments (damn 1,000 character limit) taking his article apart point by point. |
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evoorhees
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Democracy is the original 51% attack
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June 29, 2011, 09:25:26 PM |
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shady financier
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etcetera
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June 29, 2011, 10:08:39 PM |
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Good video, nice chick. Ironic the face of Maumar Gaddafi appeared in the video spitting dollars, considering he's the loony bastard that wanted to introduce a gold-backed Gold Dinar to trade for oil with (possibly the real reason for NATO's sudden concern for the liberation of the Libyan people?) Oh, and I like "flat money" too.  |
1G8AUgSTAw8hfatNnDHuYEqBAUzC3qvAAL Bitcoin news: http://thebitcoinsun.com/Rapidlybuybitcoin here.The value of goods, expressed in money, is called “price”, while the value of money, expressed in goods, is called “value”. C. Quigley |
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dooglus
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June 29, 2011, 11:03:48 PM |
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Good video, nice chick.
http://www.youtube.com/mememolly is her. |
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SpaceLord
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June 29, 2011, 11:10:34 PM |
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Horkabork
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June 29, 2011, 11:29:14 PM |
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This and other articles on bitcoin remind me of some journalism rule of thumb that I can't quite remember. It's something like this: If someone can respond to the headline with a one-sentence answer and be 90% correct, it's either not newsworthy, you work for a tabloid, or you should be fired. |
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Anonymous
Guest
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June 30, 2011, 02:51:04 AM |
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This. Is. Awesome. Except, f lat money?! I think that should become the new meme. We should call all govt-issued paper currency "flat money". lol "flat money" Your earning power gets flattened. |
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em3rgentOrdr
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June 30, 2011, 04:47:45 AM |
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This and other articles on bitcoin remind me of some journalism rule of thumb that I can't quite remember. It's something like this: If someone can respond to the headline with a one-sentence answer and be 90% correct, it's either not newsworthy, you work for a tabloid, or you should be fired. Good point. Ill have to remember that rule of thumb! |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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Vinnie
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June 30, 2011, 05:11:49 AM |
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em3rgentOrdr
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June 30, 2011, 02:23:45 PM |
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I was just about to post this. Looks like the tides are turning over at LRC. I guess it takes some time to figure it out. How dare this blogger question the claim made by von Muses that money must arise out of an already existing commodity!? |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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Current-C
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June 30, 2011, 03:05:59 PM |
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I was just about to post this. Looks like the tides are turning over at LRC. I guess it takes some time to figure it out. How dare this blogger question the claim made by von Muses that money must arise out of an already existing commodity!? I agree the tides are turning -- we need a Bitcoin PR person to do a podcast with Lew. The idea of money having to arise out of a commodity is far more tenuous than the idea that money is anything the market wants it to be. Clearly there are a growing number of people who believe Bitcoins are money and will continue to use it as such. Edit: On a side note anyone know anyone over at www.zerohedge.com? A good post by Tyler Durden would go a long way and seems like a natural fit . . . |
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caveden
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June 30, 2011, 03:29:54 PM |
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How dare this blogger question the claim made by von Muses that money must arise out of an already existing commodity!?
I don't view the regression theory of von Mises as a claim that money must arise from a commodity. That, IMHO, is a bad interpretation. I view such theory as an explanation of how money economies started from previous barter economies. Bitcoin does nothing to invalidate such explanation, nor such theory implies that bitcoin could not exist/work. The link between the bitcoin money economy and previous barter economies was made the day some people decided to exchange bitcoins for dollars. There's a topic on this forum about it. |
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molecular
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June 30, 2011, 06:11:09 PM |
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Das System hinter Bitcoins wird seit 2007 von einer Hackergruppe entwickelt, die heute vom US-Bundesstaat Massachusetts aus operiert.
The system behind Bitcoins is being developed since 2007 by a group of hackers, which operates from Massachusetts nowadays.
What? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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