Politics, statism, anarchism, racism; split from: Wall Observer thread

[NotLambchop]

But I'm not asking for proof--I'm willing to settle for a show.

Many of us are asking for the show. All we get are weenies crying for regulation. It's like they're scared that it might turn out that the regulation emperor has no clothes so they can't permit something to remain unregulated. Leave Bitcoin alone and when it crashes to nothing, you can point and sing "I told you so". Suits me fine.

No, weenies are telling you to man up and stop imagining that you're a failure because regulations.  You would be a lulzier failure without regulations.  Some high school kids would've prob'ly tied you to their bumper and dragged you around some Costco parking lot for luls.

You want no regulations?  Stop bawwing about it, and overthrow them statist oppressors, you whiny man-child.

[brg444]

Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency.  Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics.  Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.

Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation.

Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system.

[nanobrain]

I believe in consumer protection.

Go play with some fiat. Bitcoin is for adults, not children.

Would you want to go to a doctor that doesn't have a license that is overseen by a board that makes sure he/she is qualified to treat you? Or would you be okay with dying knowing that eventually the free market will get rid of that doctor....and either another unfit doctor will take his place (and will be replaced once negilance occurs  by the free market) or maybe you will get a good doctor to take their place? Or maybe it doesn't matter since you'd be dead anyways right?

So glad Harold Shipman turned out to be a fraud and not a fully licensed doctor. I was worried for a bit there.

If there was complete deregulation there would be Shipmans on every street corner -- in Victorian England there were.   Hardly a credible argument.

One question:

If self-regulation in Bittopia works, how come all the evidence suggests it has failed miserably thus far?

[njcarlos]

If self-regulation in Bittopia works, how come all the evidence suggests it has failed miserably thus far?

Not that I agree with the premise, but what makes you think it couldn't succeed given time to adapt and build? Or does success have a time frame?

[NotLambchop]

Your logic, in a nutshell:
We have cops, but we still have crooks.  Therefore, if we didn't have cops, we wouldn't have crooks.  Shit will take care of itself because mises.org.  Because positive energy going into positive projects.
Because don't give me concrete examples of fail in Bitcoinland 'coz who's got time for that?  I gots life outsid of Bitcoin

What have I missed?

No, we have cops but we still have crooks. If we didn't have cops, we would still have crooks. Police departments are, on occasion, more crooked than the communities they police. If municipalities didn't monopolize policing authority and allowed for community-organized and competing policing authorities, the market would do a better job than the centralized governmental monopoly. See how I'm not for anarchy but for anti-authoritarianism? Pretty simple, not rocket science. You're likely the type to think citizens are smart enough to elect good government leaders but not smart enough to mind their community and person. That's definitely more logical. And if you need me to list the positive businesses in "Bitcoinland," you're just being disagreeable You know perfectly well that the majority of bitcoin business is successful.

The state does not have a monopoly on policing, see security guards, body guards, mall cops, etc., etc.   Educate yourself before typing.
And again, "there are cops more crooked yadda yadda."  Yes, there are.  There are 426 Hemi builds that can't outrun a Prius.  Extrapolating anything meaningful from that is simply idiotic.
The stale argument that "if you can elect a president, you can come up with sound working regulations for the nuclear industry" is just beyond duh

[njcarlos]

The state does not have a monopoly on policing, see security guards, body guards, mall cops, etc., etc.

Those are private entities and have no public authority. Those guards call governmental police. Now you're just being an idiot, and I was letting your passive aggressive snarky comments slide because they're childish, but really? And I said "on occassion," or do you like to mince words to suit your argument? No where did I say most, or even many, police departments are more crooked. Christ. /conversation.

[NotLambchop]

Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency.  Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics.  Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.

Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation.

Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system.

Yeah yeah yeah.  Fiat's buying power has TRIPLED relative BTC in the year 2014.  

"We just never had a chance to make it work, IF we did, it woulda been awesome!"  Sure.  Show me some product

[NotLambchop]

The state does not have a monopoly on policing, see security guards, body guards, mall cops, etc., etc.

Those are private entities and have no public authority. Those guards call governmental police...

What authority would you like them to have that they do not have already?  You guys have so many daddy issues...

And don't just pick one thing and answer it.  Here's what you're responding to:

...
The state does not have a monopoly on policing, see security guards, body guards, mall cops, etc., etc.   Educate yourself before typing.
And again, "there are cops more crooked yadda yadda."  Yes, there are.  There are 426 Hemi builds that can't outrun a Prius.  Extrapolating anything meaningful from that is simply idiotic.
The stale argument that "if you can elect a president, you can come up with sound working regulations for the nuclear industry" is just beyond duh

[marcelus]

Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency.  Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics.  Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.

Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation.

Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system.

Yeah yeah yeah.  Fiat's buying power has TRIPLED relative BTC in the year 2014.  

"We just never had a chance to make it work, IF we did, it woulda been awesome!"  Sure.  Show me some product

Don't worry, it's coming.

[NotLambchop]

...

Yeah yeah yeah.  Fiat's buying power has TRIPLED relative BTC in the year 2014.  

"We just never had a chance to make it work, IF we did, it woulda been awesome!"  Sure.  Show me some product

Don't worry, it's coming.

Trust me, I'm not worried

[Adrian-x]

Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency.  Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics.  Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.

Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation.

Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system.

Bitcoin has an inelastic supply, so it is inflating faster than fiat, however the market demand is inflating at a few orders of magnitude grater than than supply, the net result is deflation, don't like it save your fiat in a bank.

If we lived in a Monetarists world, the algorithm would be inflating the supply to stabilize the price, anyone who thinks this is a good approach to managing economic energy i.e. rationing the finite resources of our limited planet, robbing 99.9% who dont know any better, hiding market identified needs, through the smoke of regulating, all the while pushing the agenda that your are protecting them from the bad actors, is supporting a bunch of moral delinquents.

[brg444]

Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency.  Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics.  Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.

Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation.

Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system.

Yeah yeah yeah.  Fiat's buying power has TRIPLED relative BTC in the year 2014.  

"We just never had a chance to make it work, IF we did, it woulda been awesome!"  Sure.  Show me some product

Bitcoin did not appear in 2014.

I'm not sure what is more tragic, your short-sightedness or the fact that you literally spend hours on this forum trying to convince yourself you are right.

A quick look shows me you average 40 post per day on this board this month. If, as you have mentioned earlier, trading is not a cooperative game, then why are you here? Surely not for trading advice or insights.

Your insolence and high horse approach is certainly not helping anyone reconsider their interest for Bitcoin as well. So what is your purpose here?

Why are you so obsessed with Bitcoin.
 

[NotLambchop]

Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency.  Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics.  Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.

Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation.

Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system.

Bitcoin has an inelastic supply, so it is inflating faster than fiat, however the market demand is inflating at a few orders of magnitude grater than than supply, the net result is deflation, don't like it save your fiat in a bank.

No, you're wrong.
Bitcoin's price, in relation to USD, has fallen by two thirds this year, while the supply has increased by ~9%.  Basic supply/demand equilibrium suggests that the demand has ... decreased

[noobtrader]

Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency.  Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics.  Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.

Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation.

Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system.

Yeah yeah yeah.  Fiat's buying power has TRIPLED relative BTC in the year 2014.  

"We just never had a chance to make it work, IF we did, it woulda been awesome!"  Sure.  Show me some product

Bitcoin did not appear in 2014.

I'm not sure what is more tragic, your short-sightedness or the fact that you literally spend hours on this forum trying to convince yourself you are right.

A quick look shows me you average 40 post per day on this board this month. If, as you have mentioned earlier, trading is not a cooperative game, then why are you here? Surely not for trading advice or insights.

Your insolence and high horse approach is certainly not helping anyone reconsider their interest for Bitcoin as well. So what is your purpose here?

Why are you so obsessed with Bitcoin.
 

isnt it is obvious that he was paid troll, maybe paid by the bank

[JayJuanGee]

Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency.  Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics.  Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.

Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation.

Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system.

Yeah yeah yeah.  Fiat's buying power has TRIPLED relative BTC in the year 2014.  

"We just never had a chance to make it work, IF we did, it woulda been awesome!"  Sure.  Show me some product

The bitcoin product is already a tangible item and it is successful with a network of infrastructure built around it and the blockchain, and it is likely going to continue to receive building around it and the blockchain and imitations etc. etc. 

Bitcoin is also more probable to get bigger, rather than smaller with the passage of time.  Surely, bitcoin and the blockchain could die in the next 2-5 years; however, the odds seem to be against that and on the other hand, the odds seem to be in favor of the building on and around the blockchain is going to continue to take place to such an extent that bitcoin and the blockchain are going to become more and more common in more and more niches throughout the world.

We all need paciencia to witness the evolution of these expansions of the blockchain along with bitcoin.   And, that part of the reason why we have this expression... cut your goose loose!!!!, and get into bitcoin while the getting is good... otherwise we will see you later down the road.. you will still be welcome to enter into bitcoin, but the entry price will be a bit higher.

[Adrian-x]

Why are you so obsessed with Bitcoin.
 

i have to communicate to the LamChop through all of you, i have him on ignore, i have been on here almost 3 years and he is the first troll i had to ignore, my apologies to the rest of you who are subject to his belligerent and persistent ignorance.

I am officially LamChop's ignorant, and it is bliss.  

[brg444]

No, you're wrong.
Bitcoin's price, in relation to USD, has fallen by two thirds this year, while the supply has increased by ~9%.  Basic supply/demand equilibrium suggests that the demand has ... decreased

2014 is not going to help you much longer. Use it at your dishonest convenience while you still can  

[NotLambchop]

Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency.  Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics.  Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.

Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation.

Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system.

Yeah yeah yeah.  Fiat's buying power has TRIPLED relative BTC in the year 2014.  

"We just never had a chance to make it work, IF we did, it woulda been awesome!"  Sure.  Show me some product

Bitcoin did not appear in 2014.

I'm not sure what is more tragic, your short-sightedness or the fact that you literally spend hours on this forum trying to convince yourself you are right.

A quick look shows me you average 40 post per day on this board this month. If, as you have mentioned earlier, trading is not a cooperative game, then why are you here? Surely not for trading advice or insights.

Your insolence and high horse approach is certainly not helping anyone reconsider their interest for Bitcoin as well. So what is your purpose here?

Why are you so obsessed with Bitcoin.
 

Bitcoin did not appear in 2014.  Neither did the dollar.  WTF does that have to do with anything?
And no, I'm not looking for advice or insights, don't be absurd.  I consider eradicating idiocy my noblesse oblige.
U don't even need to thank me.

[nanobrain]

If self-regulation in Bittopia works, how come all the evidence suggests it has failed miserably thus far?

Not that I agree with the premise, but what makes you think it couldn't succeed given time to adapt and build? Or does success have a time frame?

Gox put the project back significantly, indeed we are still picking through the rubble.  How many more such 'adaption events' do you think we would need?  Would you prefer the 'patient' dead?

For me, regulation has always been on the agenda for the Bitcoin and there was an opportunity (early days) to take control and self-regulate but it was squandered due to misplaced idealism.  In the history of human evolution we have shown our need for rules and structure to survive and thrive; the idea that something as fundamental as 'money' could be left to an anarchic 'structure' was pretty naive.

The BTC 'community' provided its own rope to hang itself with by allowing Shrem, Karpeles, Brewster etc etc to get any away with their schemes/incompetence; by the communities inaction/naivete they showed their inability to self-regulate and thus opened the door for external agencies to regulate instead.

You are probably familiar with the phrase:
"Charity begins at home"

but probably less so with the second line...
"justice begins next door"

[JayJuanGee]

Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency.  Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics.  Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.

Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation.

Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system.

Yeah yeah yeah.  Fiat's buying power has TRIPLED relative BTC in the year 2014.  

"We just never had a chance to make it work, IF we did, it woulda been awesome!"  Sure.  Show me some product

Bitcoin did not appear in 2014.

I'm not sure what is more tragic, your short-sightedness or the fact that you literally spend hours on this forum trying to convince yourself you are right.

A quick look shows me you average 40 post per day on this board this month. If, as you have mentioned earlier, trading is not a cooperative game, then why are you here? Surely not for trading advice or insights.

Your insolence and high horse approach is certainly not helping anyone reconsider their interest for Bitcoin as well. So what is your purpose here?

Why are you so obsessed with Bitcoin.
 

isnt it is obvious that he was paid troll, maybe paid by the bank

Should be pretty obvious, that LambChops is a paid shill and disingenuous and engaged in tactics to distract from meaningful discussions in this forum by continuing to spread incorrect, misleading and garbage information regarding bitcoin.. and though at times it appears that he makes attempts at being entertaining, with those many cute cartoons that he is paid to find and construct.. though when in reality, he is a BIG ASS jerk... who is attempting to deceive people regarding their considerations about bitcoin and about BTC price movements and about the future of BTC.