AnonyMint (OP)
|
|
August 24, 2013, 09:52:32 AM |
|
To successfully play the inheritance tax the riches should employ layers of legal structures like trusts over holdings over corporations and so on. Easier is put your money in a perfectly anonymous decentralized digital currency, then transfer it to your heirs anonymously. One might tell the government they bought gold bars and buried them, but they were stolen. Disclaimer: I am not giving financial nor tax advice, consult your own professional advisor. Oh no. The anonymity does not work in the long-term and is quite expensive. For anything important consider it nonexistent. Next, there is a big difference between breaking the law (as your solution suggests) and getting around it. And with numerous jurisdictions and almost infinite amount of badly written laws there is no need for big money to break the law. Big money is going to die any way in the coming massive deflation. Socialism is going to attempt to confiscate all wealth. Anonymity can work long-term. It is for people who want to survive. The rest of you can stand in line at the rationing stations and assisted suicide (ahem I mean national health care) booths. Yes, but what exactly kind of inflation? Are you going to propose adding the interest to each coin proportionally? Miners get it. Everyone can be a miner with GPU-resistant PoW. A free market. No equality. No socialism. Capitalism. If you don't like it, buy the SocialistCoin instead and let's see who comes out on top.
|
|
|
|
AnonyMint (OP)
|
|
August 24, 2013, 09:54:15 AM Last edit: August 24, 2013, 02:18:51 PM by AnonyMint |
|
BRIC share of world (global) GDP had risen from 37% to 50% in a decade: If the chart above doesn't appear, click here. http://www.marketoracle.co.uk/Article41956.htmlToday, the four BRIC economies are four of the world's ten largest economies, placing them at an entirely different rank of global damage potential, relative to the Asian NICs of the 1990s. The striking slowdown in BRIC growth rates is shown by a few figures. In 2007 China’s economy expanded by an eye-popping 14.2%. India managed 10.1% growth, Russia 8.5%, and Brazil 6.1%.
In 2013, using often disputed and controversial data form different sources including the IMF, China will probably grow by 7.5%, India by 5%, Russia by less than 2% and Brazil by 1.75%. India's rupee crisis signals that the above-cited forecast, for India, is already too optimistic. Present outlooks for Brazil place its likely 2013 GDP growth rate in real terms at about 1.6%. http://www.bloomberg.com/news/2013-08-19/clouds-gather-over-asian-economies-as-capital-flows-back-to-u-s-.htmlAsia’s role as the world’s growth engine is waning as economies across the region weaken and investors pull out billions of dollars.
The Indian rupee fell to a record low today, Thailand is in recession and Indonesian stocks have slumped about 20 percent since their peak. Chinese banks’ bad loans are rising and economists forecast Malaysia will post its second straight quarter of sub-5 percent growth this week.
The clouds forming in Asia as liquidity tightens and China’s slowdown curbs demand for commodities and goods are fueling a selloff of emerging-market stocks, reversing a flow of money into the region in favor of nascent recoveries in the U.S. and Europe. Emerging markets from Brazil to Indonesia have raised borrowing costs in 2013 to try to aid their currencies as the prospect of reduced U.S. monetary stimulus curbs demand for assets in developing nations.
“The eye of the storm is directly above emerging markets now, two years after it hovered over Europe and four years after it hit the U.S.,” said Stephen Jen, co-founder of hedge fund SLJ Macro Partners LLP in London and former head of foreign-exchange strategy at Morgan Stanley. “This could be serious for Asia.”
Of the $155.6 billion investors poured into developed-market equity exchange-traded products in the first seven months this year, North American funds received $102.4 billion or 65.8 percent, according to BlackRock Investment Institute. Japan attracted a record $28 billion, while Europe-focused funds got $4.3 billion. In contrast, $7.6 billion flowed out of emerging-market funds. Swinging Back
“The pendulum is swinging back in favor of the advanced countries,” said Shane Oliver, Sydney-based head of investment strategy at AMP Capital Investors Ltd., which oversees about $130 billion. “It’s one of these things that happens once a decade or so when you see a turn in relative performance. We’ve entered a tougher, more difficult period” for Asia. Capital is shifting as it always does: http://armstrongeconomics.com/2013/08/22/no-single-investment-will-ever-be-perpetual-it-all-changes/India is falling over the cliff: http://soberlook.com/2012/05/indias-gdp-growth-hits-wall.htmlhttp://www.businessweek.com/stories/2008-07-01/indias-economy-hits-the-wallbusinessweek-business-news-stock-market-and-financial-advicehttp://www.businessweek.com/news/2013-08-14/india-restricts-foreign-exchange-outflows-to-stem-rupee-s-plungeIndonesia is falling over the cliff: http://www.ft.com/intl/cms/s/0/f88cb13a-fb45-11e2-8650-00144feabdc0.htmlhttp://www.economist.com/news/asia/21584032-rise-economic-nationalism-compounds-broader-worries-about-south-east-asias-giant-slippingThailand has entered recession: http://www.bbc.co.uk/news/business-23751846Brazil is falling apart physically and financially: http://www.theguardian.com/business/economics-blog/2013/jul/25/brazil-real-economic-crisis-pope-francishttp://www.ft.com/intl/cms/s/0/7dd98ed6-059f-11e3-ad01-00144feab7de.htmlhttp://www.businessinsider.com/5-key-charts-on-brazils-economy-2013-6http://www.financialsense.com/contributors/john-mauldin/2011/08/12/the-geopolitics-of-brazil(see the geographic issue and map at above link) China's collapse is underway, with debt growth outpacing GDP, meaning it has to borrow more and more just to sustain what it already borrowed, and it is accelerating away in a spiral: http://www.businessinsider.com/chinas-credit-bubble-charts-2013-6http://blog.mpettis.com/2013/08/the-changing-debate-over-chinas-economy/#comment-233The strength in the Euro has been "capital contraction", which caused a slight blip up in GDP but will implode into itself: http://armstrongeconomics.com/2013/08/21/thailand-enters-recession/(correct link even though it is about Thailand, it mentions Euro) But even Germany is bankrupt: http://armstrongeconomics.com/2013/08/22/the-european-debt-bomb-unbelievable/The NET debt-to-GDP ratios are higher for the core of Europe, e.g. Germany, France, Spain, and Italy than for the other PIIGS. -------------------------
|
|
|
|
smolen
|
|
August 24, 2013, 10:23:43 AM |
|
Miners get it. Everyone can be a miner with GPU-resistant PoW.
I know a thing or two about GPU miners Yes, you can prevent GPU mining. BTW, scrypt is a bad way to do it But I know one and the only one way to prevent ASIC mining - copyright or patent PoW function and explicitly forbid ASICs in the license agreement. I guess you don't like such kind of things. Anyway, if there will be such a battle, ASICs will be created in matter of months. And I most probably will be a hired gun. Hired by that big money you intent to destroy
|
Of course I gave you bad advice. Good one is way out of your price range.
|
|
|
AnonyMint (OP)
|
|
August 24, 2013, 10:34:57 AM |
|
Miners get it. Everyone can be a miner with GPU-resistant PoW.
I know a thing or two about GPU miners Yes, you can prevent GPU mining. BTW, scrypt is a bad way to do it But I know one and the only one way to prevent ASIC mining - copyright or patent PoW function and explicitly forbid ASICs in the license agreement. I guess you don't like such kind of things. Anyway, if there will be such a battle, ASICs will be created in matter of months. And I most probably will be a hired gun. Hired by that big money you intent to destroy I know how to defeat ASICs. First, I defeat GPUs with my nested Scrypt, thus also forcing ASICs to access 16 GB of DRAM. Since the ASICs can be made much cheaper than the DRAM, then users will plug an ASIC chip into their USB 3.0 port (or perhaps PCIe) and access the DRAM on their system. The point is the ASIC won't be cheaper for the non-PC owner, but more expensive, because they have to go buy 16 GB of DRAM too. I will level the playing field. I have already explained how to do this technically, it is buried in my posts at bitcointalk. I solve energy-efficiency too.
|
|
|
|
digitalindustry
|
|
August 24, 2013, 01:12:32 PM |
|
I'm about to read your linked piece on Germany being bankrupt - i bet it relies on the assumption that Germany will fund the rest of the EU, in which case it is dead wrong of course.
at a point Germany will "opt-out" .
|
- Twitter @Kolin_Quark
|
|
|
SlyWax
|
|
August 24, 2013, 01:21:30 PM |
|
Ok but what is your plan to redistribute money equally. Your decentralized digital currency won't solve this problem. If it succeed it will only allow the rich to escape tax.
It will also allow the poor and middle class to escape tax (and debt collection), and they pay most of the tax. When you are poor you have no money, and even more you have no money to put in a virtual currency. The solution is not to tax the rich more (impossible), but to tax everyone less, and shrink the parasites who rely on taxation.
Taxation is used to build the common (road, school, etc...) If the people who manage taxation use are bad, then the problem is not taxation, but the way you chose those managers (politician) ! What you are proposing will be the tragedy of the common. I am not going to argue with a communist socialist. I aim to destroy your ideology, i.e. make it impotent and bankrupt. LOL, I guess the only one you are able to argue with, is yourself. And if you think we are living in a socialist world, boy you are to far in your head to be reached.
|
|
|
|
digitalindustry
|
|
August 24, 2013, 01:24:10 PM |
|
very messy Anony..
you are stating that Germany is bankrupt because :
Hans-peter-Busson said some German municipalities are already bankrupt , and doesn't state which ones he claims are, and doesn't give any number to the statement or any evidence what so ever.
he works for Ernst Young and was pushing "privatization" as a solution , maybe we need to know which places are bankrupt first , and perhaps the Germans can decide if selling off land is the answer.
or what about just - oh you know, leaving the Euro?
|
- Twitter @Kolin_Quark
|
|
|
digitalindustry
|
|
August 24, 2013, 01:27:44 PM |
|
if you are talking about "Taxation" you have been necessarily distracted there is a reason the income Tax came in a year after the Federal Reserve Act in the US.
there is plenty of productive capacity , take a step back.
|
- Twitter @Kolin_Quark
|
|
|
AnonyMint (OP)
|
|
August 24, 2013, 02:21:45 PM Last edit: August 24, 2013, 02:36:40 PM by AnonyMint |
|
My reply is come back to me in 2016 when you see how correct I am about all of this.
I don't have time to waste arguing. I am working on a solution (but it won't help the socialists, they will perish, including Germany).
And now that I know I was arguing with Europeans, no wonder you don't make any sense.
P.S. productive capacity is useless when global contagion collapses your exports. German banks are bankrupt too.
|
|
|
|
digitalindustry
|
|
August 24, 2013, 02:44:03 PM |
|
My reply is come back to me in 2016 when you see how correct I am about all of this.
I don't have time to waste arguing. I am working on a solution (but it won't help the socialists, they will perish, including Germany).
And now that I know I was arguing with Europeans, no wonder you don't make any sense.
P.S. productive capacity is useless when global contagion collapses your exports. German banks are bankrupt too.
i'm sure you are , i'm sure you are... yes of course , Germany has no scope what so ever to shift who they export too, and in that same sense , a generalized and localized "northern" withdrawal from the Euro Currency, of course well that couldn't happen... But then of course , stupid me I didn't think , why would they want to do that , they have to accept economic destruction because , wait, you said it would happen right ? let me just get the German foreign minister on the telephone/...... {yes sir , that's right , yes AnonyMint Sir, ok yes ok, I'll tell him....} Anony - Germany says you are right , and they are going to throw in the towel , government is hereby dissolved , they asked if you have your solution ready yet ?
|
- Twitter @Kolin_Quark
|
|
|
AnonyMint (OP)
|
|
August 24, 2013, 05:05:23 PM |
|
There won't be any country to shift exports to, as the entire world will implode into debt collapse circa 2016.
|
|
|
|
digitalindustry
|
|
August 24, 2013, 05:28:32 PM |
|
There won't be any country to shift exports to, as the entire world will implode into debt collapse circa 2016.
Um, what about the nation's that are not running huge debts , and the debts that they are running , that could get dissolved , if say , the structure of the monetary system shifts , I'm talking of course about the commen knowledge that Brics nations might move to a direct swap basket of currencies. Do they get destroyed by debt in that scenario ?
|
- Twitter @Kolin_Quark
|
|
|
smolen
|
|
August 25, 2013, 03:02:24 AM |
|
I know how to defeat ASICs. First, I defeat GPUs with my nested Scrypt, thus also forcing ASICs to access 16 GB of DRAM. Since the ASICs can be made much cheaper than the DRAM, then users will plug an ASIC chip into their USB 3.0 port (or perhaps PCIe) and access the DRAM on their system.
That's a good idea about making hashing core dirt-cheap and have memory size be the limiting factor for hashing. There is a bottleneck in your solution, the bus throughput depends on memory access pattern (or packet size in case of USB), and it seems to be possible to adjust that pattern for bulk scrypt calculations. Regarding ideologically loaded part of the conversation - sorry, I withdraw myself from it.
|
Of course I gave you bad advice. Good one is way out of your price range.
|
|
|
AnonyMint (OP)
|
|
August 25, 2013, 04:03:53 AM |
|
I know how to defeat ASICs. First, I defeat GPUs with my nested Scrypt, thus also forcing ASICs to access 16 GB of DRAM. Since the ASICs can be made much cheaper than the DRAM, then users will plug an ASIC chip into their USB 3.0 port (or perhaps PCIe) and access the DRAM on their system.
That's a good idea about making hashing core dirt-cheap and have memory size be the limiting factor for hashing. There is a bottleneck in your solution, the bus throughput depends on memory access pattern (or packet size in case of USB), and it seems to be possible to adjust that pattern for bulk scrypt calculations. Regarding ideologically loaded part of the conversation - sorry, I withdraw myself from it. Sounds like you are quite knowledgeable about hardware considerations as they impact the design of the hashing algorithm. If you don't mind (?), I will send you a PM when I want my code to be evaluated. Note I may be sending it from a new anonymous identity, so I hope you won't ignore my PM at that future time. Thanks.
|
|
|
|
AnonyMint (OP)
|
|
August 25, 2013, 04:08:35 AM |
|
digitalindustry, the BRICs are pumped up by excessive debt for domestic fixed capital investment (e.g. China) and/or exports driven by debt-driven developed country demand. Both of these will implode and there is nothing that can stop it.
After that, from a much lower level, the world can grow again.
|
|
|
|
|
smolen
|
|
August 25, 2013, 05:20:13 AM |
|
If you don't mind (?), I will send you a PM when I want my code to be evaluated.
I don't want to be involved into politics. The world is already gone mad and my efforts will only make things worse. The code (or whitepapers in Primecoin or MC2 style) published for open discussion would be quite OK. BTW, take a look at posts from FPGA era. There was a lot of brilliant ideas, now they are useless for Bitcoin and too heavy for altcoins.
|
Of course I gave you bad advice. Good one is way out of your price range.
|
|
|
digitalindustry
|
|
August 25, 2013, 09:29:52 AM |
|
digitalindustry, the BRICs are pumped up by excessive debt for domestic fixed capital investment (e.g. China) and/or exports driven by debt-driven developed country demand. Both of these will implode and there is nothing that can stop it.
After that, from a much lower level, the world can grow again.
As I suspected you have rudimentary just learned understanding of economics , you have the numbers side of it, that's Not a problem , and I know your intentions are good , but just pair back the arrogance a bit and you will more efficiently get objectives achieved. If you participate , even if you don't believe in the project you will see that you will achieve small objectives that sum to something you probably did not first conceive .
|
- Twitter @Kolin_Quark
|
|
|
AnonyMint (OP)
|
|
August 28, 2013, 08:08:29 AM Last edit: August 28, 2013, 08:38:35 AM by AnonyMint |
|
Best to click the following link to read the context of the discussion, in which I explained that Keynes(ism) never proposed to run deficits year-after-year, yet the failure of Keynesism is he assumed government was rational and self-limiting. https://bitcointalk.org/index.php?topic=279771.msg3024388#msg3024388Agreed, but don't conflate and then assume it is because of a gold standard that the 1800s were more prosperous. They were because the USA was a frontier and the government was less than 10-20% of the GDP ( now is it roughly 60 - 80% if include cost of complying with regulation and local govts, especially when the $5 trillion per year unfunded liability deficit is considered). And don't conflate and say that inflation is bad. It is centralized inflation that is bad, because it helps to build the government. Decentralized inflation is absolutely necessary, M2 and nominal GDP grew by 5% per annum since 1790 in the USA. Without inflation, you can't grow the economy. The USA never had ONLY gold and silver as money, there were always fractional receipts from private banks. It was the decentralized nature (private banks making fractional receipts for gold) of the debasement that made the USA great during the 1800s. The downfall was that the receipts were fractional reserves. This allowed JP Morgan to bail out the Treasury and bankers took over the government by 1913. The decentralized digital currencies solve this problem, but Bitcoin has a flaw in that debasement stops (very bad). Please read the math: https://bitcointalk.org/index.php?topic=160612.msg2895021#msg2895021And more discussion on that (follow the sub-links too): https://bitcointalk.org/index.php?topic=160612.msg2930843#msg2930843
|
|
|
|
|
|