Ayn Rand | Bitcointalksearch.org

Spendulus

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Quote from: mckmuze on May 13, 2013, 04:35:19 AM

Quote from: myrkul on April 25, 2013, 05:21:22 PM

Quote from: Digicoiner on April 25, 2013, 05:17:56 PM

Will bitcoin become "the motor of the world"? Wink

Heh, no.

But it might become that static motor John came up with before he disappeared.

http://nanoholdings.com/
These guys are on it as far as the "motor of the world" is concerned.
Think Ayn Rand knew something we dont?
she did see a Rothschild.
Powerful people with powerful ideas usually have some insider info.

Well, she also predicted the shale oil bonanza we are currently experiencing. But Nanoholdings has no vise grip on scientific advances, so called "nanotech" is a very, very broad term and there are quietly, every day advances occurring in it.

mckmuze

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Quote from: myrkul on April 25, 2013, 05:21:22 PM

Quote from: Digicoiner on April 25, 2013, 05:17:56 PM

Will bitcoin become "the motor of the world"? Wink

Heh, no.

But it might become that static motor John came up with before he disappeared.

http://nanoholdings.com/
These guys are on it as far as the "motor of the world" is concerned.
Think Ayn Rand knew something we dont?
she did see a Rothschild.
Powerful people with powerful ideas usually have some insider info.

Spendulus

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Activity: 2912

Merit: 1386

Doesn't really matter what they call it or how they market it, it's a real estate development project for a golf course resort.

From the description, it has little or nothing to do with implementing principles of capitalism per the model of Galt's Gulch. I will illustrate briefly from their web page:

Numerous cutting-edge technologies are currently available to the community, which are not readily found in today's society, such as 100% natural microbial mixtures for reviving and maintaining optimal soil health, affording the communiy nutrition dense and flavor rich crops without the need for pesticides, herbicides and fertilizers...water filtration and ionization technologies, affording significant health benefits to the residents of the community...as well as many other highly beneficial technologies, which members of the community will have at their fingertips.

Was Galt's Gulch top down organized along such principles? Nope, it was simply top down non organized, to allow capitalism to flourish.

The concept that the community would choose or promote or in any way tax for someone's scheme of organic farming is completely opposite to Rand. Particularly in this area, the expert opinions of farmers and ranchers on the use of pesticides and best methods are required, such that their profit and self interests are maximized.

rockinride

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Has anyone seen there is a group in Chile who have formed a community "Galt's Gulch" ? http://galtsgulchchile.com/

myrkul

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FIAT LIBERTAS RVAT CAELVM

Quote from: Spendulus on April 26, 2013, 08:23:57 PM

Quote from: myrkul on April 26, 2013, 08:20:59 PM

Quote from: Spendulus on April 26, 2013, 08:16:35 PM

I always thought storing at the Perth Mint in AU wasn't a terribly bad idea.

They give out "warehouse receipts" and are not a bank or subject to banking regs.

Of course, we might expect the long arm of the Takers to reach out in every direction possible.

Now that's interesting. Are those "warehouse receipts" transferable?

Sorry, but I don't know that part. You can download a brochure from the guys at Perth or just ask them. I have not used them, but I have been in gold bug type meetings where people spoke highly of them.

I had the impression that it wasn't one of these places where for every ounce of physical gold, they write up one hundred receipts.

Looks like they're more of a storage facility, than anything. The certs have your name on them, so presumably are not transferable without going through some transfer process. Which is a shame, 'cause you could have a viable, legal secondary currency there, if the transaction costs could be kept to a minimum.

Spendulus

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Quote from: myrkul on April 26, 2013, 08:20:59 PM

Quote from: Spendulus on April 26, 2013, 08:16:35 PM

I always thought storing at the Perth Mint in AU wasn't a terribly bad idea.

They give out "warehouse receipts" and are not a bank or subject to banking regs.

Of course, we might expect the long arm of the Takers to reach out in every direction possible.

Now that's interesting. Are those "warehouse receipts" transferable?

Sorry, but I don't know that part. You can download a brochure from the guys at Perth or just ask them. I have not used them, but I have been in gold bug type meetings where people spoke highly of them.

I had the impression that it wasn't one of these places where for every ounce of physical gold, they write up one hundred receipts.

myrkul

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FIAT LIBERTAS RVAT CAELVM

Quote from: Spendulus on April 26, 2013, 08:16:35 PM

I always thought storing at the Perth Mint in AU wasn't a terribly bad idea.

They give out "warehouse receipts" and are not a bank or subject to banking regs.

Of course, we might expect the long arm of the Takers to reach out in every direction possible.

Now that's interesting. Are those "warehouse receipts" transferable?

Spendulus

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Activity: 2912

Merit: 1386

I always thought storing at the Perth Mint in AU wasn't a terribly bad idea.

They give out "warehouse receipts" and are not a bank or subject to banking regs.

Of course, we might expect the long arm of the Takers to reach out in every direction possible.

Rassah

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Merit: 1035

Quote from: Hawker on April 26, 2013, 12:11:16 PM

Quote from: myrkul on April 26, 2013, 11:29:10 AM

Quote from: Hawker on April 26, 2013, 10:18:07 AM

Quote from: Rassah on April 26, 2013, 10:10:13 AM

...snip...

But worst come to worst, people who own those assets can sell them and convert the proceeds to bitcoin, too. Then if things get too bad, perhaps they can emigrate elsewhere.

They can already do that with gold or any other commodity.

No, not really. Ever tried to store gold in your brain, to avoid confiscation at the border?

Hmmm. I was thinking of Greece and Cyprus where borders are porous. But if you wanted to move money from Germany or the like, then yes, you are right?

Another issue is storage. Hard to store a lot of gold at home, and storing it at a bank is not a good idea either apparently:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/23_Sinclair_-_Swiss_Bank_Just_Refused_To_Give_My_Friend_His_Gold.html

Hawker

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Quote from: myrkul on April 26, 2013, 11:29:10 AM

Quote from: Hawker on April 26, 2013, 10:18:07 AM

Quote from: Rassah on April 26, 2013, 10:10:13 AM

...snip...

But worst come to worst, people who own those assets can sell them and convert the proceeds to bitcoin, too. Then if things get too bad, perhaps they can emigrate elsewhere.

They can already do that with gold or any other commodity.

No, not really. Ever tried to store gold in your brain, to avoid confiscation at the border?

Hmmm. I was thinking of Greece and Cyprus where borders are porous. But if you wanted to move money from Germany or the like, then yes, you are right?

myrkul

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FIAT LIBERTAS RVAT CAELVM

Quote from: Hawker on April 26, 2013, 10:18:07 AM

Quote from: Rassah on April 26, 2013, 10:10:13 AM

...snip...

But worst come to worst, people who own those assets can sell them and convert the proceeds to bitcoin, too. Then if things get too bad, perhaps they can emigrate elsewhere.

They can already do that with gold or any other commodity.

No, not really. Ever tried to store gold in your brain, to avoid confiscation at the border?

Rassah

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If you don't give up your bitcoin holdings, and no one knows how much you actually have, then I guess you can just say you can't pay your taxes, because you don't have the money. They can put a huge debt on you, which will make borrowing through official channels more difficult, and I guess they can confiscate your whole house and business, which will suck, but they might leave your business soft of alone if it's big enough, and doing so will cause a lot of people to lose jobs and make the politicians look bad... Eh, either way, it's a mess, but at least it's somewhat of an alternative.

As for gold, that won't really work, since that gets confiscated at the border. If the country falls THAT far, we may end up with closed borders like USSR had, and they inspected everything that people carried out. Someone even tried to smuggle out diamonds inside watermelons (inserted while the melons were still young), and they even found and took that. This is also why I think that a border fence to keep illegals out is a horrible idea, but that's also a whole other topic.

Hawker

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Quote from: Rassah on April 26, 2013, 10:10:13 AM

...snip...

But worst come to worst, people who own those assets can sell them and convert the proceeds to bitcoin, too. Then if things get too bad, perhaps they can emigrate elsewhere.

They can already do that with gold or any other commodity. The thing is, that would be selling at the bottom of the market. Most people won't move country at all and those that are willing to move country rarely include the asset rich classes.

For that class of person, where Bitcoin does feature is if you are old and facing the end. Sell your assets, convert into Bitcoin and distribute them among your heirs. Your family thus avoid inheritance tax and none of them have broken any laws. But that's off topic to poor Ayn Rand.

Rassah

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Quote from: Hawker on April 26, 2013, 09:53:08 AM

Quote from: Spendulus on April 26, 2013, 08:14:40 AM

Quote from: Rassah on April 25, 2013, 10:00:35 PM

Quote from: myrkul on April 25, 2013, 05:21:22 PM

Quote from: Digicoiner on April 25, 2013, 05:17:56 PM

Will bitcoin become "the motor of the world"? Wink

Heh, no.

But it might become that static motor John came up with before he disappeared.

I still prefer to think of Bitcoin as Galt's Gulch, which we can easily disappear into if we wanted to "exit" the economy.

A rather interesting idea with implications. Consider the case of some country under severe economic duress and facing near term collapse. The ready and fluid availability of an alternative and substitute currency places a limit on the extent to which that government can impoverish it's subjects.

That's a game changer.

Its not really. Most people don't have cash - they have assets like houses, farms and businesses. A country under server economic duress will always have the option of taxing those assets.

But worst come to worst, people who own those assets can sell them and convert the proceeds to bitcoin, too. Then if things get too bad, perhaps they can emigrate elsewhere.

Hawker

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Activity: 1218

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Quote from: Spendulus on April 26, 2013, 08:14:40 AM

Quote from: Rassah on April 25, 2013, 10:00:35 PM

Quote from: myrkul on April 25, 2013, 05:21:22 PM

Quote from: Digicoiner on April 25, 2013, 05:17:56 PM

Will bitcoin become "the motor of the world"? Wink

Heh, no.

But it might become that static motor John came up with before he disappeared.

I still prefer to think of Bitcoin as Galt's Gulch, which we can easily disappear into if we wanted to "exit" the economy.

A rather interesting idea with implications. Consider the case of some country under severe economic duress and facing near term collapse. The ready and fluid availability of an alternative and substitute currency places a limit on the extent to which that government can impoverish it's subjects.

That's a game changer.

Its not really. Most people don't have cash - they have assets like houses, farms and businesses. A country under server economic duress will always have the option of taxing those assets.

Spendulus

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Activity: 2912

Merit: 1386

Quote from: Rassah on April 25, 2013, 10:00:35 PM

Quote from: myrkul on April 25, 2013, 05:21:22 PM

Quote from: Digicoiner on April 25, 2013, 05:17:56 PM

Will bitcoin become "the motor of the world"? Wink

Heh, no.

But it might become that static motor John came up with before he disappeared.

I still prefer to think of Bitcoin as Galt's Gulch, which we can easily disappear into if we wanted to "exit" the economy.

A rather interesting idea with implications. Consider the case of some country under severe economic duress and facing near term collapse. The ready and fluid availability of an alternative and substitute currency places a limit on the extent to which that government can impoverish it's subjects.

That's a game changer.

AgeraS

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Quote from: abbyd on April 25, 2013, 12:23:52 PM

Quote from: Templeton on April 25, 2013, 10:34:46 AM

Actions speak louder than words. Ayn Rand may have put on appearances of free-thinking and libertarianism, but the "cult" she organized around her was authoritarian and relied heavily on group think (insofar as, you were OUT if you didn't tow the randian line). For further reading I'd direct you to this short and entertaining Murry Rothbard essay:
http://www.lewrockwell.com/rothbard/rothbard23.html

+1 - Rothbard doesn't buy her brand of crap. Currently reading his "For a New Liberty".

MANY Randkooks don't really know that much about her. There is also the matter of her diary entries praising a serial killer:
http://www.nakedcapitalism.com/2012/08/mark-ames-paul-ryans-guru-ayn-rand-worshipped-a-serial-killer-who-kidnapped-and-dismembered-little-girls.html
You can't make this stuff up.

+ 1 I have read "The Ethics of Liberty" by Rothbard, It is an awesome read!

Rassah

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Quote from: myrkul on April 25, 2013, 05:21:22 PM

Quote from: Digicoiner on April 25, 2013, 05:17:56 PM

Will bitcoin become "the motor of the world"? Wink

Heh, no.

But it might become that static motor John came up with before he disappeared.

I still prefer to think of Bitcoin as Galt's Gulch, which we can easily disappear into if we wanted to "exit" the economy.

Gordonium

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Who is Satoshi Nakamoto?

myrkul

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FIAT LIBERTAS RVAT CAELVM

Quote from: Digicoiner on April 25, 2013, 05:17:56 PM

Will bitcoin become "the motor of the world"? Wink

Heh, no.

But it might become that static motor John came up with before he disappeared.

Topic: Ayn Rand (Read 5193 times)