Bitcoin Forum
December 11, 2016, 12:37:21 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 [312] 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1808253 times)
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1022


View Profile
November 02, 2013, 10:55:52 AM
 #6221

So what do you guys think: is the idea of a "peaceful revolution and shift of power back to the people through use of sound money" viable? What needs to be done to make it possible?

Absolutely. The Internet has been a peaceful revolution on centralized media so far, despite Hollywood and old media throwing a fit and trying some legal shenanigans. These decentralized, anti-fragile systems simply hollow the establishment structures out little by little, without much fanfare.

Bitcoin will incite a much bigger reaction because banks are bigger than media, but there's not a lot that can really be done. No wars will work; centralized power just cannot beat decentralized power. It's too late now anyway, the big-time nerds are jumping aboard the ship:

http://www.youtube.com/watch?v=cOubCHLXT6A
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1022


View Profile
November 02, 2013, 10:58:08 AM
 #6222

I don't think it represents all purchasing power.  The value of all the money does not equal the value of all valuables (stocks, housing, commodities etc.).  Rather, I think you should see money as an asset class of its own, whereby all moneys represent only a certain percentage of the world purchasing power.

It's the purchasing power within the Bitcoin panarchy. That is, it's the purchasing power within the community of people who agree to use Bitcoin for trade. (Technically, only insofar as they use bitcoins exclusively, which may be your point.)
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
November 02, 2013, 11:24:54 AM
 #6223

So what do you guys think: is the idea of a "peaceful revolution and shift of power back to the people through use of sound money" viable? What needs to be done to make it possible?

Absolutely. The Internet has been a peaceful revolution on centralized media so far, despite Hollywood and old media throwing a fit and trying some legal shenanigans. These decentralized, anti-fragile systems simply hollow the establishment structures out little by little, without much fanfare.

Bitcoin will incite a much bigger reaction because banks are bigger than media, but there's not a lot that can really be done. No wars will work; centralized power just cannot beat decentralized power. It's too late now anyway, the big-time nerds are jumping aboard the ship:

http://www.youtube.com/watch?v=cOubCHLXT6A

Thanks Zangelbert for getting me back on track, I was a bit down this morning.

Still: there's dangers, we need to be watchful.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Spaceman_Spiff
Legendary
*
Offline Offline

Activity: 1400



View Profile
November 02, 2013, 12:21:21 PM
 #6224

Bitcoin will incite a much bigger reaction because banks are bigger than media, but there's not a lot that can really be done. No wars will work; centralized power just cannot beat decentralized power. It's too late now anyway, the big-time nerds are jumping aboard the ship:

http://www.youtube.com/watch?v=cOubCHLXT6A

nice vid !
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1022


View Profile
November 02, 2013, 12:34:52 PM
 #6225

Bitcoin will incite a much bigger reaction because banks are bigger than media, but there's not a lot that can really be done. No wars will work; centralized power just cannot beat decentralized power. It's too late now anyway, the big-time nerds are jumping aboard the ship:

http://www.youtube.com/watch?v=cOubCHLXT6A

nice vid !

Spread it far and wide! It already has more views that Mark Zuckerberg's talk.
hlynur
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 02, 2013, 12:46:03 PM
 #6226

Bitcoin will incite a much bigger reaction because banks are bigger than media, but there's not a lot that can really be done. No wars will work; centralized power just cannot beat decentralized power. It's too late now anyway, the big-time nerds are jumping aboard the ship:

http://www.youtube.com/watch?v=cOubCHLXT6A

nice vid !

Spread it far and wide! It already has more views that Mark Zuckerberg's talk.

thanks for posting this.
really interesting foresight theory there.
i'll throw it on documentary thread. (https://bitcointalk.org/index.php?topic=268955.0)

BitcoinAshley
Sr. Member
****
Offline Offline

Activity: 448



View Profile
November 02, 2013, 03:20:11 PM
 #6227

Agreed, Bingledert Zangleback and Molecular. There are myriad methods of oppression - probably the most important being inflationary monetary policy, but so many others. The government does indeed generate poor people, and yes, any government intervention in the economy will always end up hurting the market [in the long run]. As Von Mises would say - economic history is a long series of government policies that failed because they went against the fundamental laws of economics.
Welfare, for example, hurts poor people in the long run - because of many factors but mainly (1) its unnatural effect on prices, and (2) the issue of dependency - but most of the plebs are only interested in a short-term solution.

Vokain raised a good point - with no state, or even with a smaller state, the price of stupidity is greatly increased. It stands to reason that when the price of stupidity is increased, fewer people will be able to purchase it.  Grin This gives me hope. The "barrier of entry" to the "stupidity industry" is inversely proportional to the power of state hierarchy. 

I like the bit about "hollowing out" these archaic systems without much fanfare.
Spaceman_Spiff
Legendary
*
Offline Offline

Activity: 1400



View Profile
November 02, 2013, 06:09:21 PM
 #6228

I don't think it represents all purchasing power.  The value of all the money does not equal the value of all valuables (stocks, housing, commodities etc.).  Rather, I think you should see money as an asset class of its own, whereby all moneys represent only a certain percentage of the world purchasing power.

It's the purchasing power within the Bitcoin panarchy. That is, it's the purchasing power within the community of people who agree to use Bitcoin for trade. (Technically, only insofar as they use bitcoins exclusively, which may be your point.)

I feel we might be talking past each other here.  I interpreted part of your earlier post as "the sum of all monies represents the sum of all of the purchasing power".  And "purchasing power" to me is a term that is a synonym for the value of an asset, and can be used for all assets, not just money (so you car has purchasing power too, because you can trade it for something else).  So I disagreed that the sum of all monies corresponds to the value of all assets on the world, but perhaps this is not what you were saying.
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1022


View Profile
November 03, 2013, 05:11:06 AM
 #6229

Bitcoin will incite a much bigger reaction because banks are bigger than media, but there's not a lot that can really be done. No wars will work; centralized power just cannot beat decentralized power. It's too late now anyway, the big-time nerds are jumping aboard the ship:

http://www.youtube.com/watch?v=cOubCHLXT6A

nice vid !

Spread it far and wide! It already has more views that Mark Zuckerberg's talk.

thanks for posting this.
really interesting foresight theory there.
i'll throw it on documentary thread. (https://bitcointalk.org/index.php?topic=268955.0)

Whoah, cool thread - hadn't seen that before.
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1022


View Profile
November 03, 2013, 05:12:56 AM
 #6230

I feel we might be talking past each other here.  I interpreted part of your earlier post as "the sum of all monies represents the sum of all of the purchasing power".  And "purchasing power" to me is a term that is a synonym for the value of an asset, and can be used for all assets, not just money (so you car has purchasing power too, because you can trade it for something else).  So I disagreed that the sum of all monies corresponds to the value of all assets on the world, but perhaps this is not what you were saying.

What's happening here is I'm not really sure what I was saying there. Need to think about it a little more.
oakpacific
Hero Member
*****
Offline Offline

Activity: 798


View Profile
November 03, 2013, 06:22:42 AM
 #6231

The limited supply and wild price fluctuation maybe Bitcoin's greatest advantage over anything else.

As for the issue of helping the poor: anything that is/was designed to help just a specifically defined group of human beings almost inevitably ends up disastrously, Bitcoin is awesome because it's designed to give everyone who really wants a chance a chance. I don't like to say there is an issue of government not helping the poor, I would like to say it's an issue of the established shying away from creating a world where everyone is given equal opportunities.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
Spaceman_Spiff
Legendary
*
Offline Offline

Activity: 1400



View Profile
November 03, 2013, 09:14:18 AM
 #6232

I feel we might be talking past each other here.  I interpreted part of your earlier post as "the sum of all monies represents the sum of all of the purchasing power".  And "purchasing power" to me is a term that is a synonym for the value of an asset, and can be used for all assets, not just money (so you car has purchasing power too, because you can trade it for something else).  So I disagreed that the sum of all monies corresponds to the value of all assets on the world, but perhaps this is not what you were saying.

What's happening here is I'm not really sure what I was saying there. Need to think about it a little more.
I appreciate people who are honest about that.  Sometimes our thoughts need some time to crystallize. I have to admit I had to rethink my posts a few times too.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
November 03, 2013, 04:25:55 PM
 #6233

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
November 03, 2013, 04:41:25 PM
 #6234

why are all these ppl bashing gold? Tongue

http://www.youtube.com/watch?v=_4QFErOdTag

Ringos?  hadn't heard of that one, lol!
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
November 03, 2013, 04:55:35 PM
 #6235

what's that sucking sound?

oh yeah, mofo.  get the hell outta the way!
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
November 03, 2013, 04:58:30 PM
 #6236

clearly James D'Angelo has been reading this thread.

is he "World"?
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
November 03, 2013, 05:59:18 PM
 #6237

oh so good.

the second economist had it so right:

using money laundering against Bitcoin is not an argument; it's a double standard.

http://www.youtube.com/watch?v=JB0jTL0iyzM&feature=youtu.be&t=4m35s
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
November 04, 2013, 10:44:45 AM
 #6238

Gold collapsing.  Bitcoin UP.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
November 04, 2013, 02:32:54 PM
 #6239


conspirosphere.tk
Legendary
*
Offline Offline

Activity: 1876


Revolution will be decentralized


View Profile WWW
November 04, 2013, 02:39:56 PM
 #6240

I am waiting for a correction from 2 weeks with monies on the exchange but this b*tch just goes up and upper.
Could someone please dump a load and crash the price for a minute?

Pages: « 1 ... 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 [312] 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!