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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2028280 times)
msin
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January 27, 2015, 10:05:09 PM
 #20701

http://politics.slashdot.org/story/15/01/27/1525202/valves-economist-yanis-varoufakis-appointed-greeces-finance-minister

Quote
One such step has been to appoint Valve's economist Yanis Varoufakis to position of Finance Minister of Greece. For the past three years Varoufakis has been working at Steam to analyze and improve the Steam Market but now has the opportunity to improve one of the most troubled economies in the world.

Never understood why Valve/Steam didn't go into Bitcoin in a big way, integrating into games, etc. Maybe this guy who is new leftie greek finance minister was the reason.

Because until recently, there wasn't much in the way of payment processing on that kind of scale.  Bitpay can handle now.  Expect to see Valve accepting BTC soon.
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marcus_of_augustus
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January 27, 2015, 10:14:33 PM
 #20702

http://politics.slashdot.org/story/15/01/27/1525202/valves-economist-yanis-varoufakis-appointed-greeces-finance-minister

Quote
One such step has been to appoint Valve's economist Yanis Varoufakis to position of Finance Minister of Greece. For the past three years Varoufakis has been working at Steam to analyze and improve the Steam Market but now has the opportunity to improve one of the most troubled economies in the world.

Never understood why Valve/Steam didn't go into Bitcoin in a big way, integrating into games, etc. Maybe this guy who is new leftie greek finance minister was the reason.

Because until recently, there wasn't much in the way of payment processing on that kind of scale.  Bitpay can handle now.  Expect to see Valve accepting BTC soon.

Bitpay has been around since 2011. Valve are big enough to create their own bitpay in house if they wanted to. Basically, they are followers not the leaders they used to be in tech .... is what it comes down to. I agree Valve will 'accept' bitcoin soon, because it is safe, microsoft, dell, etc, etc but I highly doubt they'll be doing anything innovative with it inside their games, in-game currencies, user-wallets, etc ... probably just dump it back on the xchanges for the commie fiat.

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January 27, 2015, 10:15:55 PM
 #20703

http://politics.slashdot.org/story/15/01/27/1525202/valves-economist-yanis-varoufakis-appointed-greeces-finance-minister

Quote
One such step has been to appoint Valve's economist Yanis Varoufakis to position of Finance Minister of Greece. For the past three years Varoufakis has been working at Steam to analyze and improve the Steam Market but now has the opportunity to improve one of the most troubled economies in the world.

Never understood why Valve/Steam didn't go into Bitcoin in a big way, integrating into games, etc. Maybe this guy who is new leftie greek finance minister was the reason.

Because until recently, there wasn't much in the way of payment processing on that kind of scale.  Bitpay can handle now.  Expect to see Valve accepting BTC soon.

I recall a statement from Gabe Newell some time ago that indicated they weren't really interested in bitcoin implementation.

edit: and what marcus said.
msin
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January 27, 2015, 10:56:32 PM
 #20704


Bitpay has been around since 2011. Valve are big enough to create their own bitpay in house if they wanted to. Basically, they are followers not the leaders they used to be in tech .... is what it comes down to. I agree Valve will 'accept' bitcoin soon, because it is safe, microsoft, dell, etc, etc but I highly doubt they'll be doing anything innovative with it inside their games, in-game currencies, user-wallets, etc ... probably just dump it back on the xchanges for the commie fiat.


I agree, but Bitpay didn't have the infrastructure/reputation they do now.  Valve will implement BTC, it's only a matter of time, maybe when they release Half-Life 3  Wink
silverfuture
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January 28, 2015, 12:25:45 AM
 #20705


How 'bout this?

https://www.youtube.com/watch?v=AE1rUqecfA0

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79b79aa8d5047da6d3XX
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January 28, 2015, 03:20:38 AM
 #20706

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

iCEBREAKER
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January 28, 2015, 03:28:14 AM
 #20707

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

He's a hard-left SYRIZA neo-liberal idiot who has been (mal)educated far beyond his intelligence.

Of course he hates the idea of honest money beyond the control of the State.

Fuck him.  I hope the German bankers repossess his entire country and put his lazy pontificating academic ass to work in a salt mine.   Smiley


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
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marcus_of_augustus
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January 28, 2015, 03:40:26 AM
 #20708

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

wow ... good catch, no wonder Valve was so anti-bitcoin.

Here's one that will blow Varoufakis tiny mind wide open.

http://aeon.co/magazine/technology/are-we-ready-for-companies-that-run-themselves/

Quote
Which vision will win out? That will depend less on the specific capacities of the technology than on the ability of governments and electorates to grasp what it is and what it means. One way or another, it looks like RoboCorp will be able to look out for itself. In the meantime, we need to get our own house in order.

sort your shit out, robocorp is coming  Smiley

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January 28, 2015, 03:56:51 AM
 #20709

sort your shit out, robocorp is coming  Smiley

Isn't the Silk Road random purchasing bot caught and awaiting trial?
cypherdoc
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January 28, 2015, 04:03:00 AM
 #20710

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

wow ... good catch, no wonder Valve was so anti-bitcoin.

Here's one that will blow Varoufakis tiny mind wide open.

http://aeon.co/magazine/technology/are-we-ready-for-companies-that-run-themselves/

Quote
Which vision will win out? That will depend less on the specific capacities of the technology than on the ability of governments and electorates to grasp what it is and what it means. One way or another, it looks like RoboCorp will be able to look out for itself. In the meantime, we need to get our own house in order.

sort your shit out, robocorp is coming  Smiley

yeah, that is a good catch.

the guy sounds radical.  my hopes for Greece just took a dive.
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January 28, 2015, 04:16:33 AM
 #20711

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

Yeah, what a piece of shit, I hope he chokes on a Gyro and I hope Greece goes down in flames.

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TEMCO

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January 28, 2015, 04:27:42 AM
 #20712

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

Yeah, what a piece of shit, I hope he chokes on a Gyro and I hope Greece goes down in flames.
Greece doesn't have the balls that Iceland or Switzerland have. They will sell out their people and lands.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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January 28, 2015, 05:13:58 AM
 #20713

I hope Greece goes down in flames.
wishing hardship on people. nice conversation stopper.

iCEBREAKER
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January 28, 2015, 05:20:52 AM
 #20714

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

Yeah, what a piece of shit, I hope he chokes on a Gyro and I hope Greece goes down in flames.
Greece doesn't have the balls work ethic that Iceland or Switzerland have. They will sell out their people and lands elect more corrupt socialists and demand more free shit funded by wealth confiscation.

There, I fixed it for you.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
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justusranvier
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January 28, 2015, 06:05:29 AM
 #20715

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

Yeah, what a piece of shit, I hope he chokes on a Gyro and I hope Greece goes down in flames.
Greece doesn't have the balls work ethic that Iceland or Switzerland have. They will sell out their people and lands elect more corrupt socialists and demand more free shit funded by wealth confiscation.

There, I fixed it for you.
Median age in Greece is over 43 years old.

Every young person with any kind of talent or ability has fled.

It's a country full of ageing people who are desperately trying to believe that when they get too old to work they'll be able to pay the younger generation that doesn't exist to take care of them with the money they won't have.
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January 28, 2015, 06:50:40 AM
 #20716

Median age in Greece is over 43 years old.

Every young person with any kind of talent or ability has fled.

It's a country full of ageing people who are desperately trying to believe that when they get too old to work they'll be able to pay the younger generation that doesn't exist to take care of them with the money they won't have.

And when private enterprise attempts to create jobs, it is met with protests and arson.

http://www.businessinsider.com/demonstrators-protest-greek-gold-mine-2013-11



That truck is a metaphor for the entire country.  They made their socialist hellhole, and now they can burn in it.

Did these idiots forget that without the Athenian silver mines they'd all be speaking Persian?

Good triremes weren't cheap, and neither are F-16s.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
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January 28, 2015, 07:36:07 AM
 #20717

they always make one giant mistake when announcing their views on bitcoin: that bitcoin cannot adapt or evolve.

some people are arguing with the limited number of transactions, but keep in mind that this limit is only here because the majority of users (and miners ofcourse) agreed to have it in place. it is by design open to changes.
similarly, and yes i know it would have much greater implications, the inflation of bitcoins can be adjusted. if we really one day come to the point where the newly generated bitcoins plus the transaction costs are not able to pay for the network security that we think is needed at that given point in time, it would be a possibility to hardcode a constant inflation of eg 2% pa into the bitcoin system.
we would not necessarily be forced to sit and watch bitcoin collaps because it turns out that transaction costs aren't enough to pay miners (hypothetical intellectual game).

that is more control than every single central bank has within its own zone of influence, see the struggling of the ecb to fight an imminent deflation within the euro zone.
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January 28, 2015, 08:17:05 AM
 #20718

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

Yeah, what a piece of shit, I hope he chokes on a Gyro and I hope Greece goes down in flames.
Greece doesn't have the balls work ethic that Iceland or Switzerland have. They will sell out their people and lands elect more corrupt socialists and demand more free shit funded by wealth confiscation.

There, I fixed it for you.
Median age in Greece is over 43 years old.

Every young person with any kind of talent or ability has fled.

It's a country full of ageing people who are desperately trying to believe that when they get too old to work they'll be able to pay the younger generation that doesn't exist to take care of them with the money they won't have.

One of my college friends of Greece descent moved to Greece several years ago at the age of 33(ish) to work in his wife's father's business. This was after going through law school and working for several years in the US.

He said no one in his office would believe him when he told them this was not his first job, because in Greece no one works below 30 and everyone retires by 50/55, and this is so ingrained in Greek society that no one could accept it was possible he had a full career in his 20s.

I don't wish ill on anyone, but such a zero work ethic society can never survive.

I believe my friend was incorrect though and many Greeks do work in their 20s, its just that all the productive ones leave Greece and apply their productivity in another country.
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January 28, 2015, 08:46:40 AM
 #20719

Here's one that will blow Varoufakis tiny mind wide open.

http://aeon.co/magazine/technology/are-we-ready-for-companies-that-run-themselves/

Quote
Which vision will win out? That will depend less on the specific capacities of the technology than on the ability of governments and electorates to grasp what it is and what it means. One way or another, it looks like RoboCorp will be able to look out for itself. In the meantime, we need to get our own house in order.

sort your shit out, robocorp is coming  Smiley

That's a great read, thanks. Sometimes I wonder if Satoshi's most impactful and valuable invention might turn out to be the invention of the first DAC.

Bitcoin as money is a mechanism to regain what we lost and help return to the principles of sound money that we had under the gold standard (albeit with a much better payment function).

But the invention of the first DAC enables entire new concepts that we've never had before, and can help disintermediate functions for society that have always required government or middle men before. This has potential we don't understand yet, and will probably take a long time to develop, but will be revolutionary.
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January 28, 2015, 08:59:10 AM
 #20720

Here's one that will blow Varoufakis tiny mind wide open.

http://aeon.co/magazine/technology/are-we-ready-for-companies-that-run-themselves/

Quote
Which vision will win out? That will depend less on the specific capacities of the technology than on the ability of governments and electorates to grasp what it is and what it means. One way or another, it looks like RoboCorp will be able to look out for itself. In the meantime, we need to get our own house in order.

sort your shit out, robocorp is coming  Smiley

That's a great read, thanks. Sometimes I wonder if Satoshi's most impactful and valuable invention might turn out to be the invention of the first DAC.

Bitcoin as money is a mechanism to regain what we lost and help return to the principles of sound money that we had under the gold standard (albeit with a much better payment function).

But the invention of the first DAC enables entire new concepts that we've never had before, and can help disintermediate functions for society that have always required government or middle men before. This has potential we don't understand yet, and will probably take a long time to develop, but will be revolutionary.

I remember reading that theymos likes Iain Banks' sci-fi Culture novels. It was probably apparent to him early on that Bitcoin is a currency that would fit into that civilization. I think that DACs go to the next level with incredible potential, easily the backbone of an economy this size of the Culture.
Back on Earth, the future world economy will be transformed, and far more efficient, if DACs take off.

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