Is a Madmax outcome coming before 2020? Thus do we need anonymity?

[AnonyMint]

If we go into a Madmax world where the governments are bailing-in all the bank deposits, they are instituting negative interest rates to charge you money every month for having money, and the IMF's proposed net worth tax, etc...

Then all those who have wealth will want anonymity. And all those who don't have wealth and suck the tit of government, will not want anonymity.

Which one of those categories applies to you?

Do you think that Madmax outcome is not coming before 2020?

[AnonyMint]

Transaction time has nothing to do with confirmation time.

CC transaction is instant but takes 60 days to confirm.

It does matter when you have a retail transaction and you don't know who your customer is, for example the food markets in developing countries where any one can walk in and buy some fresh meat or vegetables. The vendor is moving fast. And most people don't have identification any way.

Also it would matter in retail transactions in the developed countries where fake identification would even be possible in some cases.

And do we really want to move to a world where we carry our identification on an RFID chip in our body in order to make it efficient!

True the merchant could accept the cost of fraud as a cost of doing business, as is the case with online merchants which accept credit cards. However, note that many retail merchants operate on razor thin margins. WalMart prefers debit cards I think.

Thus it is erroneous to assert that 1-confirmation delay isn't relevant in all cases.

And off-chain transactions do indeed bring us back to the issues of centralization required to deal with (abuse of) trust, which is of course a slippery slope just as how putting our gold on deposit in the 1800s and trading in certificates lead us to bank failures (due to fractional reserves lending of certificates, i.e. cheating) and then finally a central bank to prevent corrections (i.e. prevent debt defaults) and keep the debt increasing non-stop for the past 80 years or so without correction (thus leading to a horrific global implosion coming before 2020).

http://newsinfo.inquirer.net/542373/tacloban-mayor-says-hes-still-hurt-by-aquinos-words

Amid criticisms he should have brought in more relief to help storm victims in the Visayas, Quinapondan residents said they were happy at just seeing boxer Manny Pacquiao in person.

“Even without the relief, seeing him in person and shaking hands with him are already enough to make us happy,” said Lita Palines, 70, a Quinapondan resident.

Pacquiao had admitted the 10 truckloads of relief items he had ordered transported from General Santos City to typhoon-devastated areas were not enough and would benefit only a few people.

Meanwhile the BIR has confiscated Manny's billions accusing him of not paying taxes in the USA for his fight profits there. And the President seems to be jealous of Manny's popularity and has endorsed the BIR action against him.

But see how little they have accomplished in 12 years! All the gains in spying power have come at the expense of greatly increased information (and later monetary) freedom to everyone.

The QE ended up as dollar bond issues throughout the developing world. Thus what they've been successfully doing the past 12 years is running up the debt of the world, and preparing all the tracking technologies, for the global implosion that will begin before 2020 (and after 2015).

Proverbs 22:7
New International Version (NIV)
7 The rich rule over the poor,
    and the borrower is slave to the lender.

They have not been idle. If you and others don't see it, that means they've been even more successful in slow cooking the frogs.

And the internet has become more controlled by the large majors (e.g. one can't realistically surf the internet without Google's cookie getting into the browser with its ads on every other site) and my analysis (educated opinion) is that Bitcoin is also flawed in ways that fits right into the overall plan.

Sorry I don't see that we are winning. I see the tech savvy people fell right into the honeypot, as designed by the NSA. Satoshi was a Japanese guy. Yeah right.

[AnonyMint]

Look at the 300+% total debt-to-GDP global ratio, which means $150 trillion in global debt given a $50 trillion per year global GDP.

Factor in the $quadrillion in global credit-swap derivatives that enabled the 30+ year bond bubble illustrated below.

And the $1000 trillion of unfunded social promises by Western governments.


I will repeat a post I made in the "Economic Devastation" thread as follows.

Before I answer, here is another quote of myself from another thread:

I am not into the 666 biblical thing. I just want to stop the bastards such as the Bush clan, Hillary Clinton, Dianne Feinstein, NSA, etc from taking away my freedom.

farfiman, I've read that in the 1920s the Americans thought they'd entered a nirvana as they had been transformed in a matter of decades from an agrarian life with horses, lanterns, stage coaches communication to an industrial one with cars, radio, electricity, radio, etc..

The Second Industrial Revolution (which came as a result of the network effects of the First Industrial Revolution) caused massive technological unemployment, yet of course it also raised the standard-of-living and eventually created many more higher-skilled jobs. If we trace history, we can see this pattern repeating every 78 years = 3.1459 x 26 year maturity generations. Before the First Industrial Revolution were two soil technology revolutions which transformed agrarian productivity and caused massive unemployment.

8fold, there seems to always be a major war during each of the depressions caused by these periods of massive technological unemployment. 78 years before War World 2, was the US Civil War.

Any way, 1929 + 78 = 2007 (the year the real-estate bubble burst in USA and PIIGS and the depression started, the depression which is currently dead-cat bouncing and many are mistaking this for a recovery). The downturns typically have a duration ranging between 26 to 31.459 years. I was amazed when a recent Oxford study predicted a loss of 47% of existing jobs to automation within 20 years, i.e. by 2033.

Rival and rpietila, indeed the rich (in stored claims on manual, fungible labor) man can't generate knowledge. The poor (in useless stored claims on manual, fungible labor) can generate knowledge. The rich fool is just a usury (loans, bonds, dividends, hard-on money, and ponzi pump & dump) parasite, and I believe the knowledge revolution will destroy his ability to parasite on society and boast about it. I intend to be part of that, hopefully coming to a Bitcoin theater near you this holiday season.

Note this process isn't likely to be 100% complete ever, and certainly not even 50% complete any time soon. So stored capital remains useful for the meantime and will diminish but not entirely disappear in my lifetime. For example, the bastards still have their cartel on the energy we need to produce knowledge with (although we continue improve the efficiency of our gadgets, cars, etc).

rpietila, we can't give away knowledge. I have tried to give away my knowledge and I can't even force it down the readers' throats. Knowledge is impossible to bottle up and distribute. Knowledge is dynamic, diverse, spawns from fitness as motivated by the diverse situations that humans encounter.

Revenues will scale down with less required capital stock, due to lower costs of producing knowledge (only need a computer and home office). Thus more massive deflation ahead.

Large capital is going to running around trying to find a home, but it will be difficult to find economies-of-scale. The best investments will be very tiny.

I documented in the thread from which those quotes originate. You can click the link on a quote to go to thread (and post) where it comes from.

Specifically a recent Oxford study predicts 47% of all existing jobs will be lost to automation by 2033. This confirms we are in a period of radical technological unemployment. This appears to happen every 78 years. The difference is this time we are all tied together in socialism by central banks. You can re-read my quotes from the prior post to weigh the gravity of this thud of a realization.

If you are arguing that automation will lead to long-term unemployment, I think you are wrong.  Authors have written extensively on this subject since the 1900s (and perhaps earlier).  Many were worried that machines would replace men.  What we have seen is that automation simply results in higher efficiency and unforseen job opportunities on the automation side.  This seems obvious to me, so you must be arguing something else despite what I'm reading here.

I agree of course that technological advancement leads to more employment, not less, over a long enough horizon. The problem is the social adjustment process interim and the inertia that can't adjust fast enough and how the inertia can actually make it worse for a while. If this inertia is too strong, we go into a Dark Age as the collective will destroy itself by attacking all capital and knowledge, i.e. the Middle Ages after the fall of Rome:

http://armstrongeconomics.com/2013/08/24/yes-in-a-mad-max-dark-age-not-even-gold-has-value/

http://armstrongeconomics.com/2013/08/10/can-europe-hyperinflate/

http://armstrongeconomics.com/2013/03/27/are-we-head-to-a-mad-max-scenario/
(Armstrong spent $20 million on research to construct the silver chart on that linked page above)

http://armstrongeconomics.com/research/a-brief-history-of-world-credit-interest-rates/3847-2/

http://armstrongeconomics.com/2013/09/20/can-we-blink-before-a-dark-age/

http://armstrongeconomics.com/research/monetary-history-of-the-world/the-monetary-history-of-the-greek-world/chronology/
(there was even a Dark Age in the Greek period)

http://armstrongeconomics.com/2013/01/29/8797/
(he means the 51 year private wave, vs 309 major cycle)

http://armstrongeconomics.com/models/7219-2/
(his cycle model explained, note the computer found it by correlating the ~$100+ million of data he had collected)

And the big difference compared to the early 1900s is we now have central banks in every country which have prevented the bank runs and mini-depression corrections that were regularly seen in the 1800s. Thus the collectivism has backstopped itself and run up the debt of the world to roughly 300% of GDP, meaning all of us would have to not eat for 3 years to pay it off. There is this erroneous (linked author Michael Pettis is a widely respected economist) notion that debt doesn't have to be paid and it is an illusion.

Let me link together some puzzle pieces for you that most do not see.

Worse, the $quadrillion of derivatives kept the world's capital locked into a (going on 31 years) bond bubble.

Here is a quote from the link above:

What is nonsense regarding backwardation? (My guess - markets are so rigged that nothing just matters)

Armstrong explained it:

http://armstrongeconomics.com/2013/03/06/gold-backwardation-the-real-story/

The Gold backwardation has been distorted as all sorts of reasons for everything. Normally, this is the market condition wherein the price of a forward or futures contract is trading below the expected spot price at contract maturity. Consequently, the resulting futures or forward curve is “inverted” whereby it is negative because gold is trading at even lower prices. This is simply driven by interest rates.

Backwardation in this case is not indicative of any shortage whatsoever or a collapse in “trust” of the dollar. The dollar has been rising! Just look at German interest rates on short-term paper went negative by 0.6%. This has NOTHING to do with fiat and people losing faith in paper money –yada, yada, yada. If that were true, interest rates would not COLLAPSE, they would SOAR because people would not trust government bonds and they would have to pay up.

Backwardation in gold is a money issue and it is simply the yield curve – nothing more. It has gone negative just as US government T-Bills went negative.

The carrying cost of gold in a future's contract is related to the cost of short-term borrowing. Armstrong claims that he showed the Islamists how to earn "interest rates" by selling gold forward in futures, since they could not religiously earn interest in normal ways.

This is (at least one reason) why the $quadrillion derivatives credit-swaps are holding up the financial system. This is how the Arabs get the oil money into the gold futures markets and keep the western central banks ZIRP policy going.

You've just read something that nobody else ever published (as far as I know).

Now you know why I know there is a global implosion coming.

The chart below shows the declining interest rates since 1981, which is the bond bubble because gains in bonds are the inverse of interest rates because as the current rate declines the bonds paying the older higher rate are worth relatively more (they pay more interest to the holder), i.e. those who purchased 30 year Tnotes 30 years ago are at their maximum gains now in price appreciation. We can't relate the same implications for the peak in 1920, because at that time interest was paid in gold (you could go to the bank and demand gold for your paper dollar), thus it was impossible to write derivatives because someone could call them in (crash them) just by cashing dollars for gold (as France was doing in the late 1960s causing Nixon to close the gold window in 1971). So our situation is inverted now with money and interest.

It will be a difficult adjustment for most people. They will futilely resist. As was the case for the Luddites in the Industrial Revolution. We are in the First Computer Revolution. Second will be quantum computing.

I don't think they'll resist at all.  It doesn't take long for people to embrace something that (ostensibly) makes their life easier/happier/etc.

They are resisting now. What do you think socialism and central banking is all about? Why is Obama so popular?

[AnonyMint]

It is good to see that 71% (5 of 7) of the people do not expect a Madmax outcome with socialism and the debt implosion confiscating (and taxing to death) all savings, capital, and retirements.

Because if 71% saw what I believe is coming, then we could perhaps avoid the bad outcome by acting sooner to prevent it.

Note I voted yes, so it is better to exclude my vote when calculating the above percentage.

Thus we definitely need anonymity, and the 29% (2 of 7) will be using it and I believe sustaining their capital. I believe the rest will go over the cliff with the Titantic.

[beetcoin]

if this were the case, i better buy me some gold to stash. i don't think it's happening though.. the rich elite rule the world, and they do it in tandem with big brother.

[Vod]

Thus we definitely need anonymity, and the 29% (2 of 7) will be using it and I believe sustaining their capital. I believe the rest will go over the cliff with the Titantic.

Over the cliff with the Titanic?  Interesting analogy. 

I do believe we are headed for complete economic collapse, but not by the year 2020.  The US will manage to borrow enough to stay afloat until then.   2030 is a more realistic goal.

[AnonyMint]

The elite are purposefully blowing up the world with $150 trillion in debt employing the stealthy QE to expand debt into the developing countries since 2008, so they can bring us to a Technocracy, which means where they track and control all commerce with centralized control. All countries are complicit in this NWO plan, including China and Russia. There are no friendly major nation governments. This is what a carbon tax with the lie about man-made global warming is about. This is what smart electric meters on every home are about. This is what Bitcoin (without built-in anonymity) is about. Etc.

I don't believe it will make it to 2033 by any chance. 2033 will actually be the bottom of the crisis where it ends.

I expect the global downturn to begin 2016, or at the latest 2018. See this link for the research.

Gold will indeed skyrocket after 2015, as Bitcoin will probably collapse in price (see first linked thread above for more on that theory).

But Gold is not a panacea, because you can't move it and spend it easily without being noticed. Thus gold hoarding leads to a collapse in commerce and a Dark Age. It makes everything worse.

The only solution is a truly anonymous crypto-currency. Bitcoin isn't.

[knarzo]

This is what a carbon tax with the lie about man-made global warming is about.

Did your Exxon Attorny Daddy tell you that or do you honestly believe that firing millions of tons of fossile products has no impact on our climate? The only lie is the carbon tax which just helps greedy Exxon&Co to make more money. Bloody bastards!

[Rassah]

I do believe we are headed for complete economic collapse, but not by the year 2020.  The US will manage to borrow enough to stay afloat until then.   2030 is a more realistic goal.

2030?! Don't you know that economics follows a cycle based on some arbitrary number that has nothing to do with economics, which is Pi, or something?   

[dank]

This is what a carbon tax with the lie about man-made global warming is about.

Did your Exxon Attorny Daddy tell you that or do you honestly believe that firing millions of tons of fossile products has no impact on our climate? The only lie is the carbon tax which just helps greedy Exxon&Co to make more money. Bloody bastards!

You know, all our fuel would be renewable and leave a negative carbon footprint if we grew hemp biodiesel.  But that's illegal.

[Rassah]

You know, all our fuel would be renewable and leave a negative carbon footprint if we grew hemp biodiesel.  But that's illegal.

Except it wouldn't be, because when a plant grows, it pulls stuff out of the ground, and when it dies and decomposes, it puts stuff back into the ground, but if you remove that plant, you basically just end up pulling stuff out of the ground untill there is nothing to pull. We would essentially switch from oil based energy to fertilizer based energy.

[dank]

You know, all our fuel would be renewable and leave a negative carbon footprint if we grew hemp biodiesel.  But that's illegal.

Except it wouldn't be, because when a plant grows, it pulls stuff out of the ground, and when it dies and decomposes, it puts stuff back into the ground, but if you remove that plant, you basically just end up pulling stuff out of the ground untill there is nothing to pull. We would essentially switch from oil based energy to fertilizer based energy.

Good thing hemp is a great fertilizer as well.

[AnonyMint]

Please don't lump me in with religious fanatics. I mention the Bible correlations to help them understand logic.

Another factor is that LTC ASICs are likely to hit next year. LTC skyrocketing will probably boost BTC instead of the usual relationship. Because good press for any crypto helps all cryptos.

As far as I know LTC uses Scrypt, which prevents ASICs from working. Is there something I'm missing?

Search for user JasinLee on here - his startup is going to have them available in six months. He says hashing power will be 960 KH/S!

OT: Chinese are good at hardware and replicating algorithms, yet as far as I see not so much at software innovation and new algorithms. At least not in the century in which I and my grandparents have been alive. I am hereby predicting the most significant innovation on proof-of-work will come from someone in the software industry in the west. And this is another (among many) reason I don't believe Satoshi was Asian. I am waiting for the day that Asians are dominating the open source innovations. I originally was enthused and wanting to teach and be a leader among them, and then I fell down to the reality of the cultural stigma against blatant individualism and decentralized authority. Risto and I argued on the phone a year or so ago, as he may have felt I am rascist. No. Rascism is where one uses non-scientific opinions based on race. Whereas, I use statistically valid measured factors of race to help guide myself, so I don't waste time.

It bothers me that so many western freedom fighters think (are deluded that) the former Communist killers nations Russia and China are somehow going to fight against the NWO, as if the elite in those countries are not also motivated to participate in the coming global Technocracy in order to control the population and maintain their supremacy over the common man. China's standard-of-living will increase because they were held down for so long (it is just time), but that is orthogonal to whether the Iron Law of Political Economics can be different in some nations than others. No the law applies every where.

(For the Biblical followers such as Risto, in 1 Samuel 8 and 15, the Lord explains and carries out that Law I linked to above.)

As far as I know Baidu is not a counter-example, although I should endeavor to find out more about it. As far as I know, it is a walled garden that we are prevented from competing with by the language and other barriers erected by the government and the fact that Chinese pirate all software and thus discourage software investment. I was told by a mainland Chinese man to not invest in producing Android apps in China because the people will not pay for software. So the Chinese devalue anything that can't be tangibly manufactured because their culture is one of theft, not respecting intellectual property.

I would love to see Americans go back to being rugged individualists, yet integrated in the global economy by the internet for maximum division-of-labor. This is what made us unique from the Europeans. John Wayne types. I know some of you are out there.

> The only way to fight these assholes is to break the world into many
> very small countries, maybe county size, like the old Germany...

Breaking things into smaller parts is precisely the way to defeat the NWO, except note it must have superior economies-of-scale and maximum division-of-labor as the coming regional blocs (this is why it must be virtual and not physical, i.e. internet based). Whereas the world is moving towards regional blocs. The ASEAN comes into effect in a couple more years. The Middle East oil producing countries are forming a common currency. Etc..

Yet the freedom fighters are deluding themselves that the controllers of 1.3 billion population are a small country. The Taipans (Communist Party) got rich milking their own people. They aren't about to give up that power. They are merely transitioning the economy from export based to internal consumption based, just as the USA transitioned from the 1800s manufacturer to the 1900s consumer.

Did the USA become less controlled by the cartel in the 1900s? No. The consumer debt increased and the Americans became the controlled zombies they are now. The same will happen to the Chinese.

The Taipans don't have anything to gain by attacking their brethren in the cooperative Trilaterist NWO. Their wealth is by keeping the control over the masses. If they attack their fellow global cartel, then the world disintegrates into many small things, then the Taipans lose wealth and momentum.

For the Biblical, the move towards the 10 Kings (regional blocs) can't be stopped. Nor can the 666. Because the masses are not aware and can't be made aware (see the linked Iron Law above). However, those who wish to opt-out of that system can do it. An anonymous crypto-currency (Bitcoin isn't and can't be) doesn't need the entire world to use it, in order to be useful to us. You don't have to believe in the Bible to apply this logic.

Let me explain something about virtual versus physical in the context of networking topology. The most efficient distribution network is bifurcation or multifurcation, i.e. it is more efficient to have a main trunk line pipe from the water district to the local area, before forking off in branches to individual homes than a separate pipe from each home to the water district (for one thing the friction in a pipe is related the diameter, also the cost of the metal is greater per cross-sectional area for smaller diameter, also economies-of-scale). Thus the physically connected internet has a similar furcating (spoke-and-hub) physical structure. However, the virtual software (aka. logical) layer that sits on top of IP is a fully connected mesh network. I can ping any IP address from my computer. I don't have to figure out the physical routing.

[AnonyMint]

The carbon tax is all about a global Technocracy where the elite will track everything you do (e.g. Smart Electric meters...to save the earth of course!), and tax you into slavery.

This is what a carbon tax with the lie about man-made global warming is about.

Did your Exxon Attorny Daddy tell you that or do you honestly believe that firing millions of tons of fossile products has no impact on our climate? The only lie is the carbon tax which just helps greedy Exxon&Co to make more money. Bloody bastards!

I haven't spoken to my father since 2003. Before 2000, I hadn't spoken to him much since 1990 (when I was 25). So don't think my father and I see eye-to-eye on all issues. My father went much higher than West Coast division attorney at Exxon. I am not really clear how high up he went because that was after we stopped communicating. I recognize his intellect.

Any way, that is irrelevant to my views on ClimateGate and the other complete fraud of man-made global warming (read the 27 comments of "Shelby" on the linked page).

Here is a sample comment:

@Bennet, can you read? I wasn’t arguing against GW (global warming vs. AGW which is anthropogenic, i.e. man-caused global warming).

I will ask you though if you passed a basic statistics course, because how can you draw any statistically meaningful conclusions of doom based on recent century or two, when then lag time for CO2 correlation is 600 – 1000 years, and they were farming grapes in the UK and then skating on the Thames within the past several hundred years.

Do you also believe in Peter Pan, Three Little Pigs, and peak oil.

Fear shuts down the pre-frontal cortex.

See also these links documenting the AGW fraud, such as how they fabricated temperature data, and even moved thermometers from shady locations to next to concrete mass in direct sunshine to falsify the data:

https://www.google.com/search?q=site%3Aesr.ibiblio.org+AGW

http://blog.jim.com/category/global-warming


Since we've established above that knarzo thinks man-made carbon could influence the climate, when in fact the carbon produced by man is dwarfed in orders-of-magnitude by the carbon released from the oceans as they warm 600 - 1000 years after the warming begins! (as documented above), then we can consider his recent tirade in this context of his ignorance:

@knarzo:

Some monkeys would rather the group dies than for one monkey to be admitted to be a natural leader.

Those groups perish.

(implication is I won't be joining your group)

I'm happy that those doom and gloom glorifying folks, NWO racists, religious wackos and people like you, which are experts on everything and think to know everything but spending a lifetime on a forum trying to proselytize, will never join the group i'm in. At least we agree on this

You can see that he thinks I am rascist, and you can read my prior post where I explain the difference between rascism and objectivity.

Also he is basing his opinion of me being a rascist on a prior argument we had about drugs. (he is conflating race with not discriminating against drug users) In general he thinks he is not a socialist, but he doesn't realize that mathematically any one who is for equality is a socialist. Freedom requires disagreement, and thus orthogonal smaller things, not a monolithic agreement.

Because life is not equal. Humans are diverse and have various strengths and weaknesses. CoinCube recognized where I had defined this:

Meh.. He seems to try to skim the cream off 100+ different fields of study, attempting to make connections between various scientific curiosities and real-world events. While a lot of it seems kind-of coherent, I noticed (while lightly reading/skimming) :

He is and in my opinion does so successfully.
If he is correct (and I believe he is) this is the equivalent of someone in 1927 claiming that the economy was
going to collapse soon. Easy to disregard (lots of good times in 1928) but very important to think about before dismissing

He defines knowledge here
http://unheresy.com/Information%20Is%20Alive.html#Thought_Isn't_Fungible

Let me quote from that linked blog of mine:

Every possible model of the brain will lack the fundamental cause of human creativity— every human brain is unique. Thus each of billions of brains is able to contemplate possibilities and scenarios differently enough so that it is more likely at least one brain will contemplate some unique idea that fits each set of possibilities at each point in time.

[AnonyMint]

@AnonyMint, I find a lot of your views make a refreshing change from the Libertarian monotony here, but in this case I wonder if you're making some flawed assumptions with the fundamentals. Unlike Libertarians, I don't see governments as "basically evil because use their coercive powers to coerce unwilling participants into doing things they don't want to do, and the free market is better and more efficient for pretty much everything."

No, I see the situation more like this:
-something will fill a power vacuum no matter what.
-free markets are always overseen by some higher-level entity that makes the rules. There is no "free" free market.
-a lot of the pro-free market propaganda ignores the above. "Competition is more efficient" they say, but they conveniently neglect to mention: "an unregulated market is a type of power vacuum, and a series of mergers and acquisitions will result in a monopoly that becomes a de-facto regulator which, left unchecked, will eliminate innovation in that space."

Astute and agreed. I have tried to explain that to people, and they seem to conflate many issues and can't separate out the orthogonal factors.

Thus you understand why without anonymity, we are just blowing hot air in the wind.

Anonymity is the critical feature of crypto-currency. I explained it here:

https://bitcointalk.org/index.php?topic=351712.msg3934640#msg3934640

Bitcoin can't survive as a store-of-value if it is not also providing some needed function, because its store-of-value can be replicated at-will. Etlase2 is correct.

The possible functions a crypto-unit might provide are which might have a Buffetesque moat due to network-effects:

1. Anonymity

2. Decentralized medium-of-exchange.

3. Decentralized ledger of value.

Bitcoin doesn't really have #1 because your anonymity depends on what the other users do since it is only valid if a process of elimination isn't going to work. Bitcoin doesn't have #2 because capital gains taxes are due on Bitcoin but not on legal tender, which can be enforced because of lack of #1.

The utility of #3 is pretty much destroyed without #1, due to net worth tax coming (because current global debt is $150 trillion).

See how everything hinges on #1?

P.S. Many are concerned the government will crack down on an anonymous currency. But think about this. If there is a way to hide assets with very high confidence, the politicians will rob the government blind and government will collapse faster than the blink of an eye. I think that would be perfect. A very anarchist outcome. Still not think the Madmax is coming?

Given the above, a lot of the whining I've been hearing about Socialism lately makes me suspicious on 2 levels:

Firstly, political systems around the world cannot and should not be generalised into one-word slogans. It's just silly. The lack of nuance, e.g.: calling Europe "Socialist", makes it meaningless and only useful as propaganda to promote some alternative.

Let me make it more simple. Government is socialist. Period. Here is the Iron Law:

http://esr.ibiblio.org/?p=984
(that is Eric S Raymond the 150 - 160 IQ genius who wrote Cathedral and the Bazaar which catapulted the open source revolution)

Secondly, I wonder who has the most to lose from the evils of government regulation? The monopolistic corporations! If we follow their history, it often seems to go like this:
-there's a fresh new industry that never existed before, so it's unregulated.
-mergers and acquisitions happen, and now there are only a few players.
-eventually, the government steps in to stop the industry from getting too monopolistic.
-the monopoly cries "Rape! Wolf! Socialism!" to draw attention to their plight.

Wow you are in delusion on that one. The monopolies are never broken up by government. For example the telcom breakup in the USA hasn't worked out, and internet access is slow and overpriced in the USA because the telcoms and cable companies are still operating as a cartel.

The government only pretends to break up cartels. Have you forgotten that all government is in the back pocket of the cartels?

[Rassah]

No, I see the situation more like this:
-something will fill a power vacuum no matter what.
-free markets are always overseen by some higher-level entity that makes the rules. There is no "free" free market.

This is how I saw it as well until a few years ago. I may have asked you this before, but what is your opinion on going from a democratic vote to decide who will control us, to a democratic vote to decide who will not control us, such as through anonymous assassination markets? As deplorable as the idea may be (to some), at the core it's basically a way to add rather severe negative costs to being in power (those costs stemming from increased security expenses, not necessarily from actually having the market contract fulfilled)

[AnonyMint]

Politicians crave power. Any idealism is feigned or self-delusion (often with drugs and sex to sustain) to cover for their lust for power. I don't see your point.

Politicians raid/rob the government because that is where the power and money is. Just another form of legalized thieves.

They asked a famous bank robber why he robbed banks, and he said, "because that is where the money is".

[stompix]

if we get into a Madmax scenario , we would need lots of ammo , gas and a few cargoboats of faith and hope.
Who the hell cares about anonymity when you're facing starvation?

[BadBear]

if we get into a Madmax scenario , we would need lots of ammo , gas and a few cargoboats of faith and hope.
Who the hell cares about anonymity when you're facing starvation?

Who's going to care about cryptocurrencies at all in a situation like that really?

[stompix]

if we get into a Madmax scenario , we would need lots of ammo , gas and a few cargoboats of faith and hope.
Who the hell cares about anonymity when you're facing starvation?

Who's going to care about cryptocurrencies at all in a situation like that really?

Well , at least there is some porn in the blockchain , if you're the only one left in your entire state .