ErisDiscordia
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Imposition of ORder = Escalation of Chaos
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May 13, 2015, 03:09:54 PM |
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Society will much prefer to be managed from a NWO top-down system than move to total collapse.
This right here I find to be the biggest reason why we need to work on alternative, decentralized systems and do it fast. Because do we really know when the crash will happen? A basic infrastructure has to be present when the collapse of the old system gets underway, otherwise we'll find ourselves being dragged towards a fully centralized control system by popular demand and it won't even matter if the system has been premeditated by some existing power groups, or not.
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It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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justusranvier
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May 13, 2015, 03:12:47 PM |
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They exchange function for confidence, the real for the prettier illusion.
I suppose it is a risk... If you are running such a really long con, even your successors might fall for it.
100 years is such a long time that anyone working at a CB has to believe that they are following tried and tested principles. What saved the long con for so long was the 20th century population boom and technological revolutions. Those two factors created wealth at a faster rate than the central banks could destroy it. So much so, that it wasn't apparent to anyone that the central banks were destroying wealth at all. That no longer appears to be the case.
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cypherdoc (OP)
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May 13, 2015, 03:24:01 PM |
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Pruden, i think it would be PrudenT to get the hell out: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FDwHCuqI.png&t=665&c=qUsEQ_D2FNat9g)
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cypherdoc (OP)
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May 13, 2015, 03:46:46 PM |
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tell us it doesn't involve blocks
I didn't write that. then you need to explain this: In my novel new design, transactions don't have to be put in blocks in order to be confirmed. That is a very strong head scratching hint for you!
http://en.wikipedia.org/wiki/Orthogonality#Computer_scienceOrthogonality is a system design property which guarantees that modifying the technical effect produced by a component of a system neither creates nor propagates side effects to other components of the system. Typically this is achieved through the separation of concerns and encapsulation, and it is essential for feasible and compact designs of complex systems. The emergent behavior of a system consisting of components should be controlled strictly by formal definitions of its logic and not by side effects resulting from poor integration, i.e., non-orthogonal design of modules and interfaces. Your theory is all gvts are in bed together with all the banks and big retailers
And people like you said the NSA isn't recording everything until Edward Snowden leaked. please provide quote where i said that If you had compiled all the corroborating data I have, you would realize how foolish you appear to me.
any "proof" you've provided here is just plain old news articles most of us are already aware of. your interpretation of those articles is what i disagree with. you're not alone; most geeks have a doom and gloom view of the world it seems to me and are extremely paranoid like you. doesn't necessarily mean you're wrong but my assessment of the situation is different. i'm not going to waste my time outlining why, as i have already done so voluminously thru this thread. you, being a relatively newcomer here (March 2013) could be excused for not reading everything i've written in the past. but that's no excuse for making unfounded assumptions of where i stand nor their validity. and they are all going to Sybil attack us into a one world currency.
The inevitable one world reserve currency is not likely to be Bitcoin for the reasons I explained in the detailed thread (where the poll says 30% agreed). The powers-that-be are moving us into a cashless (meaning not P2P bearer) economy and control over Bitcoin while getting dumb-ass geeks to support their own enslavement has been major coup. Sheesh I have female neurobiologist researcher friend who has stronger analytical skills than some of you men here appear to have. Most of us have already thought about that. It's not likely.
Enlighten me with some delusion and myopia I haven't heard already? Maybe you can convince me, but it needs to be solid. Any altcoin of yours that excludes blocks had better be good because that is precisely what has made satoshi's Bitcoin possible.
I guess I should excuse your lack of reading comprehension because you are in an emotional fit of rage when you read my posts? i actually feel sorry for you. you seem to have fallen on hard luck despite having a modicum of intelligence. but it's hard to feel sorry for someone who claims he understands Bitcoin when you totally missed the runup from the early days and enter in March 2013 and missed the biggest runup of them all. now you claim you called it just b/c it fell from 1200. i'm not even finding your technical discussion to be that interesting b/c it involves many assumptions i don't agree with. and worse, those assumptions are based on doom and gloom political factors. but it's ok, Bitcoin needs a healthy population of skeptics on the way up. bull mkts don't go up in straight lines and can't bring everyone along. most ppl, and it looks like you're going to be one of them, will lose money in cryptocurrencies.
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molecular
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May 13, 2015, 03:49:16 PM |
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Happened for a few hours today as well. Japan, then Europe. Again though, someone stepped in. This is really interesting. I think it goes back to a fundamental flaw in debt-based money, particularly when FRB means that 95% of a currency is not even government printed "fiat". The flaw is interest, specifically that debt-money which attracts interest is only sustainable long-term if real GDP grows faster than the real interest rate which debt-money requires to service it. Otherwise most money is drained from the productive economy and winds up at the banks where the only cleansing mechanism is bank insolvencies which returns money to the economy. Since bank insolvency is pretty much "banned" by CBs as banks are backstopped by printed money, then wealth transfers and economic distortions continue to build up relentlessly. Equity-based money and asset alternatives (Gold, silver, real-estate, Picasso paintings) do not have this flaw, however, until Bitcoin was invented, none of them were suitable for 21st (or even 20th) Century long-distance, fast moving commerce. Paradigm change. Your time is coming!yes from the article: You do realize gold and silver are THE only monies out there that are not “credit based” or derive their values via the credit markets
author doesn't know yet ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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cypherdoc (OP)
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May 13, 2015, 03:49:21 PM |
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Armstrong opened my eyes to reality.
this explains right here why you are such a doom and gloomer. i used to casually read his writings, especially the ones when he was behind bars. but ever since he got out, he has been selling his conferences on world collapse in a shameless way. i've stopped listening.
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Fabrizio89
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May 13, 2015, 04:40:53 PM |
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Gold up, Bitcoin... well. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Went long on Gold on 1broker anyway, good shit for now.
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Adrian-x
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May 13, 2015, 05:32:21 PM |
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Agreed with all. I think it's obvious of the implications of debt based economy if mismanaged.. Although long term it's impossible to manage due to greed and fear. The reason It was done was because economy simply would stagnate and not grow from the 70s on who knows if Internet would have been invented.. Although the system was the best at the time it's not one to look back on and say we totally failed.
Perhaps it was the global roll-out of the telegraph from the 1870s which was the beginning of the end of the gold-standard. Long-distance commerce needed a monetary system which could play out at the same speed, and this transition was complete by 1971. So the debt-money system that resulted was the best that could be done. It's really interest rate targetting that is the foundation of the system and it's pretty sound according to John Nash although not ideal. Gold standard is less ideal howver Bitcoin seems to be better than both on paper.. In practice who knows. I personally believe nash purposely doesn't acknowldge it because he had a hand in designing it and it may be definition of what he calls ideal money. It would probably result in a big credit crunch lasting years before we prosper so it really depends on if enough people can be convinced of the long term solution giving up some short term pain.
And this is what is failing because it has all but hit the zero-bound and staying there year after year: in the US, Eurosystem, Japan, UK and Switzerland - simultaneously. CBs are tinkering with ideas like negative rates, and want to restrict the use of physical cash to just small transactions, forcing people to stay in electronic money where negative rates might get traction. Desperate stuff. No wonder there are seismic cracks in the credit markets. And that is why gold as money worked for so long. Yes there were cycles, but since money never extended too far beyond the base money (M0 gold), the busts were relatively small.
With debt money, as you said 95% of money in use isn't even printed yet, and on top of that is further leverage. This means that the bust would be massive and crushing in a manner that could never happen under a gold standard.
What the US traded was a series of small but easily recoverable busts that continuously cleansed out the system, for a system that appears stable but in reality is not, the series of small busts are simply being allowed to build into one massive bust.
Absolutely. However, governments are now such control freaks (unlike in 1907 when the crash then was considered more like a force of nature, and allowed to work itself out), that the one massive bust to come may well be met with one massive bout of money printing! They exchange function for confidence, the real for the prettier illusion.
I suppose it is a risk... If you are running such a really long con, even your successors might fall for it.
100 years is such a long time that anyone working at a CB has to believe that they are following tried and tested principles. All good stuff thanks all involved so concise. Reading this I couldn't help but relate the idea of demurrage to negative interest rates in practice they are a way to apply demurrage to fiat. Funny thing is the idea was/ is being tested in one of the first Alts, Peercoin is still doing well in the top 10 Alts.
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Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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Peter R
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May 13, 2015, 05:34:24 PM |
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Here is nice piece from Brian Forde, director of the MIT Cryptocurrency Initiative. His article draws our attention to the following four problems with Lawsky's proposed BitLicense regulation: 1. Updates to "apps" would need approval before they could be rolled out. 2. Start-ups would require approval from the NYDFS before they could raise new funds (if a new investor provides an investment for more than 10% of the company). 3. Companies engaged in money transmission would still need a Money Transmitter License in addition to a BitLicense. 4. Open-source wallet developers would apparently fall under the regulation as well (even though a wallet like Electrum does not have access to the user's funds).
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Adrian-x
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May 13, 2015, 05:36:44 PM |
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Here is nice piece from Brian Forde, director of the MIT Cryptocurrency Initiative. His article draws our attention to the following four problems with Lawsky's proposed BitLicense regulation: 1. Updates to "apps" would need approval before they could be rolled out. 2. Start-ups would require approval from the NYDFS before they could raise new funds (if a new investor provides an investment for more than 10% of the company). 3. Companies engaged in money transmission would still need a Money Transmitter License in addition to a BitLicense. 4. Open-source wallet developers would apparently fall under the regulation as well (even though a wallet like Electrum does not have access to the user's funds). Thanks for the summary I was a little to distracted to read it.
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Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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rocks
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May 13, 2015, 05:44:25 PM |
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Agreed with all. And that is why gold as money worked for so long. Yes there were cycles, but since money never extended too far beyond the base money (M0 gold), the busts were relatively small.
With debt money, as you said 95% of money in use isn't even printed yet, and on top of that is further leverage. This means that the bust would be massive and crushing in a manner that could never happen under a gold standard.
What the US traded was a series of small but easily recoverable busts that continuously cleansed out the system, for a system that appears stable but in reality is not, the series of small busts are simply being allowed to build into one massive bust.
Absolutely. However, governments are now such control freaks (unlike in 1907 when the crash then was considered more like a force of nature, and allowed to work itself out), that the one massive bust to come may well be met with one massive bout of money printing! And this already started in 2008 after which we have seen the largest globally coordinated money printing spree in human history. The thing to remember though, is you can't print money. You can only add units to the ledger, which has the effect of devaluing (I'd call it stealing) current units and replacing them with new units, however the total monetary value of all the units remains the same. What can happen is people simply lose confidence in the existing monetary system and stop subscribing value to it. When this happens the total value of all the units actually decreases. This is why for example during Germany's hyperinflation no one had money to buy anything despite the fact the government was putting wagons full of money in people's hands. Sure Germany was printing units, but the total value of all units (old and newly printed) crashed. So governments can be control freaks to whatever extent they want. But once people stop subscribing value to their units of money, their ability to control crashes.
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rocks
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May 13, 2015, 05:48:26 PM |
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Here is nice piece from Brian Forde, director of the MIT Cryptocurrency Initiative. His article draws our attention to the following four problems with Lawsky's proposed BitLicense regulation: 1. Updates to "apps" would need approval before they could be rolled out. 2. Start-ups would require approval from the NYDFS before they could raise new funds (if a new investor provides an investment for more than 10% of the company). 3. Companies engaged in money transmission would still need a Money Transmitter License in addition to a BitLicense. 4. Open-source wallet developers would apparently fall under the regulation as well (even though a wallet like Electrum does not have access to the user's funds). Just the fact that an unelected bureaucrat can propose such sweeping control and power over individuals, without being laughed at and run out of the country, demonstrates that "The People" on which the US was based have failed.
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Wekkel
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yes
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May 13, 2015, 06:17:32 PM |
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Armstrong opened my eyes to reality.
[...] he has been selling his conferences on world collapse [...] I like his ramblings about history but don' t like his simplifications of opponents or people with a different view. It really went south for me when he avoided a factual debate with Denninger on his 'one dollar of capital' suggestion in relation to fractional reserve banking. But I guess we are all Marxists... ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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NewLiberty
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May 13, 2015, 06:18:08 PM |
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To me they seem less depressing and more simply incomprehensible.
Could you be more specific please? Because my posts were very specific. You have not stated what specifically I enumerated which you think is incomprehensible? And you post the following which supports my thesis: Incomprehensible likely because I've not yet discovered your thesis. Thus, I'm not arguing for or against you. The war on cash has been long and ongoing. Bitcoin is as of now the most stalwart defense, but it is in its infancy. From what I've gleened so far, I would offer this observation: It fundamentally does NOT require any conspiracy when incentives are naturally aligned, (as they are with the many governments beholden to central banks). These entities do not even need to collude. Basic economics and game theory teaches us this, if nothing else.
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cypherdoc (OP)
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May 13, 2015, 06:26:44 PM |
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see last line of slide: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fiwc2Ujx.png&t=665&c=527iXpNk_P3sjw) apropo to whether or not our 1MB core devs will allow Bitcoin to develop as mobile money which is necessary for it to develop as digital gold.
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cypherdoc (OP)
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May 13, 2015, 06:52:12 PM |
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real trouble in bond land: investment grade: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F1Fajott.png&t=665&c=ns-wWhU-bgjt9Q) junk: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FZvSV3yZ.png&t=665&c=xssgVnvm25ENXw) muni: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FXDspjOC.png&t=665&c=px93z_ql6f9W2g)
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cypherdoc (OP)
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May 13, 2015, 06:54:21 PM |
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everything US turning down: TLT: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FvVc95KZ.png&t=665&c=x4_swSQFsqnLFg) $DXY: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fh4bn2Zv.png&t=665&c=6EiOnj8oUUVsiQ)
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cypherdoc (OP)
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May 13, 2015, 06:58:38 PM |
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the only thing left is the stock mkt.
the Transports look like they will crack support. once that happens, the flood gates should open. if the $DJI cracks it's secondary low point, we will have confirmation of the long standing multi-month non confirmation which will really open the gates of hell.
sell in May and go away.
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Erdogan
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May 13, 2015, 07:08:34 PM |
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They exchange function for confidence, the real for the prettier illusion.
I suppose it is a risk... If you are running such a really long con, even your successors might fall for it.
100 years is such a long time that anyone working at a CB has to believe that they are following tried and tested principles. What saved the long con for so long was the 20th century population boom and technological revolutions. Those two factors created wealth at a faster rate than the central banks could destroy it. So much so, that it wasn't apparent to anyone that the central banks were destroying wealth at all. That no longer appears to be the case. I like this view.
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NewLiberty
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May 13, 2015, 07:19:42 PM |
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They exchange function for confidence, the real for the prettier illusion.
I suppose it is a risk... If you are running such a really long con, even your successors might fall for it.
100 years is such a long time that anyone working at a CB has to believe that they are following tried and tested principles. What saved the long con for so long was the 20th century population boom and technological revolutions. Those two factors created wealth at a faster rate than the central banks could destroy it. So much so, that it wasn't apparent to anyone that the central banks were destroying wealth at all. That no longer appears to be the case. I like this view. Its pretty accurate. In the last decade though, they have been getting pretty greedy. The TARP bailout sort of broke the model harshly in their favor. The age old model is that when the banks get out of control, a few fail (or a few hundred) and it resets as the survivors scoop up the remains. Now with the use of state power, they have taxpayer funded bailouts, bail-ins and all sorts of new ways to destroy wealth. The war on cash includes most of the AML powers along with it. When the reporting requirement of US$10K was enacted in the 70's it was quite a chunk of cash. Now with a bit of inflation mixed in, it is not an uncommon monthly pay for folks in large US cities. But that isn't happening fast enough, so banks must keep a record of transactions as small as US$1K cash and report on as small as US$2K transactions. http://www.fincen.gov/financial_institutions/msb/materials/en/bank_reference.htmlCurrency Exchanges of More Than $1,000 Currency exchangers must keep a record of each exchange totaling more than $1,000 in either domestic or foreign currency.
How to record a currency exchange:
1. Record customer information. 2. Record transaction information. 3. Keep the record for 5 years from the date of transaction.
Suspicious Activity Reporting Requirements Certain money services businesses – businesses that provide money transfers or currency dealing or exchange; or businesses that issue, sell, or redeem money orders or traveler’s checks – must report suspicious activity involving any transaction or pattern of transactions at or above a certain amount:
$2,000 or more; $5,000 or more for issuers reviewing clearance records. You have 30 calendar days to file a SAR after becoming aware of any suspicious transaction that is required to be reported.
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