Talking of Armstrong this is the first time I've seen him make an error:
"Beware of history and its lessons. Russia’s air force just provoked the West sending its long-range bombers into Western Europe where they violated the Dutch airspace and had to be forced out by sending up NATO fighter jets."
It was Sweden not Holland that got a visit from Russian air force. Obviously no big mistake but kind of funny since to reach Holland the Russians would have to fly through half of Europe.
Edit: Also the Russian jets weren't forced out by Nato jets. Nato jets were sent up too late to intercept so they just followed the Russians at a distance.
Edit2: Actually the most comical part of this story was that the Swedish air force didn't have any jets ready since it was easter holliday (last year). So if anyone wants to attack Sweden do it on a Holliday.
Topic: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat - page 7. (Read 67117 times)
April 25, 2014, 01:58:07 AM
April 24, 2014, 05:41:58 PM
Well written. Interesting to see if/what he replies.
April 24, 2014, 12:36:39 PM
Sent to the author of a blog you should make sure you are reading:
http://armstrongeconomics.com/armstrong_economics_blog/
---------------------------- Original Message ----------------------------
Subject: People aren't sheep, rather they love Communism
From: AnonyMint
Date: Thu, April 24, 2014 12:31 pm
To: "N" <[email protected]>
--------------------------------------------------------------------------
Martin,
You recently wrote that the people are sheep and can only see as far as
the rear-end of the sheep next to them.
I am sorry but after writing in public forums since 2005, you are wrong.
Roughly 75% of the poeple love Communism (see the survey linked in the
following bitcointalk post). Here read this exchange in the Bundy ranch
thread and tell me it isn't so?
https://bitcointalksearch.org/topic/m.6373991
So that is why your idea of spreading the word won't stop the coming
collapse.
I wish you would admit this publicly.
At this point, what we need to be doing is figuring out how to opt-out of
the coming collapse so we can eat popcorn while it crashes and burns.
I am asserting that a superior crypto-currency is going to play a vital role.
http://armstrongeconomics.com/armstrong_economics_blog/
---------------------------- Original Message ----------------------------
Subject: People aren't sheep, rather they love Communism
From: AnonyMint
Date: Thu, April 24, 2014 12:31 pm
To: "N" <[email protected]>
--------------------------------------------------------------------------
Martin,
You recently wrote that the people are sheep and can only see as far as
the rear-end of the sheep next to them.
I am sorry but after writing in public forums since 2005, you are wrong.
Roughly 75% of the poeple love Communism (see the survey linked in the
following bitcointalk post). Here read this exchange in the Bundy ranch
thread and tell me it isn't so?
https://bitcointalksearch.org/topic/m.6373991
So that is why your idea of spreading the word won't stop the coming
collapse.
I wish you would admit this publicly.
At this point, what we need to be doing is figuring out how to opt-out of
the coming collapse so we can eat popcorn while it crashes and burns.
I am asserting that a superior crypto-currency is going to play a vital role.
April 24, 2014, 11:43:44 AM
Cross-posting...
A female US Air Force veteran of 9 years, explains what is going on very well.
Ok, you've graduated to full-on crazy now. Go post in one of Actor_Tom_Truong's threads, he'll help you prepare for your final battle against the thirteen european bloodlines of the illuminati terrorists. Let us know how it goes!
Tell that to Hitler and the next European tyrant (Putin?) coming like him very soon, because you socialists fucks don't grasp the pathology of your philosophy.
You are ignorant. Learn who Sheriff Mack is and learn what the proper role of the Sheriff is in our Constitutional form of government:
http://www.amazon.com/The-County-Sheriff-Americas-Last/dp/B002PKCMFO
http://en.wikipedia.org/wiki/Richard_Mack
http://sheriffmack.com/
http://cspoa.org/category/sheriff-richard-mack/
Only you getting more pathological in your attempt to spin his correct statements.
Socialist megakillers such as yourself always think they are innocent and don't understand the pathology of their collective philosophy.
There is no way to reason with you chattel. We must opt-out of your hell and watch you fuck yourselves.
You make me puke. You don't deserve America (U.S.A.), rather you deserve Amerika (U.S.S.A - United Socialist States of Amerika).
I will be very happy when you and I no longer share the same citizenship.
I am not going to repeat the Constitutional points already made, because you are never going to defend the Constitution.
So just go on and continue the slide into the hell you deserve.
We will find a way to opt-out of your hell and laugh at you.
Indeed there is war being incited between the Communist/Fascists which is about 75% of the population, and the remaining Constitutionalists which is 25% or less of the population.
We Constitionalists will lose the country, but we will gain the victory where it matters most by opting out in way that you can't touch us and then we will watch you fucks crash and burn.
I have my popcorn ready.
A female US Air Force veteran of 9 years, explains what is going on very well.
Indeed most of the world right now deserves the Armageddon that is coming to them, because they refuse to put their lives on the line to stand their ground.
Ok, you've graduated to full-on crazy now. Go post in one of Actor_Tom_Truong's threads, he'll help you prepare for your final battle against the thirteen european bloodlines of the illuminati terrorists. Let us know how it goes!
Tell that to Hitler and the next European tyrant (Putin?) coming like him very soon, because you socialists fucks don't grasp the pathology of your philosophy.
That 'former sheriff' guy has simply got to be a plant.
You are ignorant. Learn who Sheriff Mack is and learn what the proper role of the Sheriff is in our Constitutional form of government:
http://www.amazon.com/The-County-Sheriff-Americas-Last/dp/B002PKCMFO
http://en.wikipedia.org/wiki/Richard_Mack
http://sheriffmack.com/
http://cspoa.org/category/sheriff-richard-mack/
Next we have Bundy being progressively more pathological. Lies about his land history, starts in with over-the-top racial insults, etc. Things particularly apt to get people like myself and a great many other semi-decent people pretty disgusted.
Only you getting more pathological in your attempt to spin his correct statements.
Socialist megakillers such as yourself always think they are innocent and don't understand the pathology of their collective philosophy.
There is no way to reason with you chattel. We must opt-out of your hell and watch you fuck yourselves.
Then, of course, the idea of a bunch of loons chasing away the feds who were basically trying to do their job which is pretty reasonable. Of course this will (and has) gotten casual observers baffled and alarmed that miscreants like the militia crew has so much power, and it is all because they have guns.
You make me puke. You don't deserve America (U.S.A.), rather you deserve Amerika (U.S.S.A - United Socialist States of Amerika).
I will be very happy when you and I no longer share the same citizenship.
I am not going to repeat the Constitutional points already made, because you are never going to defend the Constitution.
So just go on and continue the slide into the hell you deserve.
We will find a way to opt-out of your hell and laugh at you.
Just leaving things as they are now with the Feds slinking away achieves a pretty strong effect in forming public opinion about the power and danger of firearms of militias.
Indeed there is war being incited between the Communist/Fascists which is about 75% of the population, and the remaining Constitutionalists which is 25% or less of the population.
We Constitionalists will lose the country, but we will gain the victory where it matters most by opting out in way that you can't touch us and then we will watch you fucks crash and burn.
I have my popcorn ready.
...You can see from the survey about Global Warming that roughly 25% of the people in the USA are not idiots like you.
P.S. There is civil war coming because we don't agree with you idiots. And we demand to have a place where we can practice private property rights and limited government. And you fools need to have your own large government that kills you. We refuse to be part of your self-inflicted eugenics system.
P.S. There is civil war coming because we don't agree with you idiots. And we demand to have a place where we can practice private property rights and limited government. And you fools need to have your own large government that kills you. We refuse to be part of your self-inflicted eugenics system.
April 23, 2014, 04:39:33 PM
I don't think we will get to that, because I think humans will adjust their thinking as events worsen. But perhaps I am underestimating how engrained the mindset is that believes in government.
If we say gigadeaths, most people would dismiss us as kooks.
In any case, the features we need in a better crypto-currency have far reaching synergies in positive ways such as micro payments and fostering new paradigms in knowledge and social interaction on the internet.
So we don't need such a dire scenario of Armageddon, in order to drive a desire for a better crypto-currency than Bitcoin.
If we say gigadeaths, most people would dismiss us as kooks.
In any case, the features we need in a better crypto-currency have far reaching synergies in positive ways such as micro payments and fostering new paradigms in knowledge and social interaction on the internet.
So we don't need such a dire scenario of Armageddon, in order to drive a desire for a better crypto-currency than Bitcoin.
How powerful a scenario will be needed in order to counter the pervasive nature of the reality that's generally accepted today...
To what extent can any knowledge paradigm be introduced that can counter the pretty lights and repeating patterns and alluring whispers? How can 100s of millions of people come to accept, within any measurable amount of time within their own lifetime, that most of what they've come to accept as knowing or caring about within that frame of time is incorrect? How can I convince Erich that his fascination with Call of Duty is completely meaningless, and he should instead learn about finance like he said he wanted? How do I tell Erica that she should probably have gone to nursing school instead of marrying that wifebeater that she ended up with? These people have left society in pursuit of completely useless efforts, and instead chose to live as simpler animals. How can one hope to reason that that's incorrect? I've yet to be shown that the faith in humane efforts can go that far . . as I'm not convinced that they are physically capable of going that far.
Think about it . . with IQ tests, multi-tiered verification of intelligence through Associate's, Bachelor's, Masters, Phd's, tens of thousands of further tiered certifications . . it's impossible to refute that there's a distinctive bell curve present in human capacity and desire for knowledge. With the appearance of such a curve . . one so perfectly conforming to probability . . how can this go any further . . when that very appearance of the bell implies that the potential is maximized? There used to be a very low bar for everyone to pass. What we have now may very well be the extent of what humanity can manifest . . knowledge wise. There's just no more juice. That's not to say that the pursuit of knowledge is dead, only that it's pursuit by the majority of the population is exhausted. The majority of what we're left with is debt farms.
With television, video games, endless supplies of pornography, limitless troughs of food of infinite varieties, consumer culture, and an otherwise bottomless supply of past-times . . what shift in paradigm could possibly be manifested that would foster a particular interest for integration, differentiation, chemistry, physics, programming languages, manufacturing processes, computer architecture, astronomy, creation of art, cryptocurrencies, conceptual drawing, or pursuit of other true knowledge?
Underestimating? I fear most that hive-mind is the mind, not the mindset . . that for the first time in history the hive is set to become the world rather than towns, states, countries combined. I also fear that I don't know whether or not that's something to fear at all.
Removing the Armageddon scenario from this situation requires an insurmountable force . . which may very well come to be the crypto-currency you mention. I know it's not Bitcoin, but all I can continue to do is keep reading until it decides to show itself . . or given infinite time I'll make it myself.
April 23, 2014, 04:11:11 PM
Armstrong thinks gigadeaths are a possibility.
http://armstrongeconomics.com/2014/04/23/the-two-most-dangerous-idea/
http://armstrongeconomics.com/2014/04/23/the-two-most-dangerous-idea/
Quote from: Armstrong
Europe failed to understand that it is the people who are a nation’s greatest asset and their total productivity. This is why Communism failed for it suppressed the very element that makes a country rich – the total productivity of its people. Communism was a French idea they sold to Marx. The French elite like Christine Lagarde and Thomas Piketty are at it again determined to impose their brain-dead idea of “social justice” upon the world that made Russia so hated. No other idea has been responsible for more wars and the death of millions than this French idea of “social justice”.
To survive the future, it is time to realize “social justice” suppresses economic growth and lowers the living standards for everyone. Not every country can have a trade surplus. Someone has to have a trade deficit. This theory is simply insane. It is indistinguishable from handing out the same grades in school regardless if the students show up at all for we have to be fair to everyone. This is about as stupid as thinking that landmass equals power. Both of these ideas threaten our future like nothing every before. If we are not careful, we will once again see half the population of the world killed by these two terrible ideas.
To survive the future, it is time to realize “social justice” suppresses economic growth and lowers the living standards for everyone. Not every country can have a trade surplus. Someone has to have a trade deficit. This theory is simply insane. It is indistinguishable from handing out the same grades in school regardless if the students show up at all for we have to be fair to everyone. This is about as stupid as thinking that landmass equals power. Both of these ideas threaten our future like nothing every before. If we are not careful, we will once again see half the population of the world killed by these two terrible ideas.
April 23, 2014, 01:00:23 PM
I don't think we will get to that, because I think humans will adjust their thinking as events worsen. But perhaps I am underestimating how engrained the mindset is that believes in government.
If we say gigadeaths, most people would dismiss us as kooks.
In any case, the features we need in a better crypto-currency have far reaching synergies in positive ways such as micro payments and fostering new paradigms in knowledge and social interaction on the internet.
So we don't need such a dire scenario of Armageddon, in order to drive a desire for a better crypto-currency than Bitcoin.
If we say gigadeaths, most people would dismiss us as kooks.
In any case, the features we need in a better crypto-currency have far reaching synergies in positive ways such as micro payments and fostering new paradigms in knowledge and social interaction on the internet.
So we don't need such a dire scenario of Armageddon, in order to drive a desire for a better crypto-currency than Bitcoin.
April 23, 2014, 04:16:23 AM
This is what we've got to opt-out of. Roughly 75% of the population is going to defend the Titanic as it sinks.
The above two comments are indicative of how Americans don't know their own Constitution, and thus the Constitution is dead.
If you two dumbfucks had any clue, you would understand that from my prior detailed post:
News flash Annoyneymint; nobody reads your bullshit.
Your 5000 dingbats include about 50% provocateurs(*) in a big honeypot designed to ident the tiny few actual nutcases. This so that TPTB can point to them and scare the bejesus out of 200x10^6 more or less normal people. Boilerplate social engineering in modern Americana. I don't like it any better than the next guy, but I can at least identify a winner and a loser, and your looney-toons are going to be the big losers in any conception of the future that you (profess) to have.
Actually, here's what very possibly could happen: The Feds will enlist your 'patriots' to serve as right-wing death squads. With free ammo and carte blanche to shoot anything which moves (including women and children) these types will be as happy as a clam.
* I was looking into things a bit and saw that guy bragging about their strategy of putting their women and children in front of the big bad malitia dopes so they would get shot first by the evil Federales. I mean, it's possible to have no skill at PR, but it's simply not possible to be THIS bad at it!
Crash and burn idiot. You will along with the Titanic you are clinging to.
You've identified the losing side. I guarantee you. A study of history is on my side. Collectivism -> Fascism -> Totalitarianism has repeated throughout the history of mankind. Ifmegadeath and egregious collapse is your idea of normal, then go ahead and reap what you sow.
FYI, I know for a fact that some readers are reading my posts, because they private message me and thank me for it. You can go look at the votes on my threads, and see 33% support what I have to say. You can see from the survey about Global Warming that roughly 25% of the people in the USA are not idiots like you.
P.S. There is civil war coming because we don't agree with you idiots. And we demand to have a place where we can practice private property rights and limited government. And you fools need to have your own large government that kills you. We refuse to be part of your self-inflicted eugenics system.
Gigadeaths this time... The above two comments are indicative of how Americans don't know their own Constitution, and thus the Constitution is dead.
If you two dumbfucks had any clue, you would understand that from my prior detailed post:
News flash Annoyneymint; nobody reads your bullshit.
Your 5000 dingbats include about 50% provocateurs(*) in a big honeypot designed to ident the tiny few actual nutcases. This so that TPTB can point to them and scare the bejesus out of 200x10^6 more or less normal people. Boilerplate social engineering in modern Americana. I don't like it any better than the next guy, but I can at least identify a winner and a loser, and your looney-toons are going to be the big losers in any conception of the future that you (profess) to have.
Actually, here's what very possibly could happen: The Feds will enlist your 'patriots' to serve as right-wing death squads. With free ammo and carte blanche to shoot anything which moves (including women and children) these types will be as happy as a clam.
* I was looking into things a bit and saw that guy bragging about their strategy of putting their women and children in front of the big bad malitia dopes so they would get shot first by the evil Federales. I mean, it's possible to have no skill at PR, but it's simply not possible to be THIS bad at it!
Crash and burn idiot. You will along with the Titanic you are clinging to.
You've identified the losing side. I guarantee you. A study of history is on my side. Collectivism -> Fascism -> Totalitarianism has repeated throughout the history of mankind. If
FYI, I know for a fact that some readers are reading my posts, because they private message me and thank me for it. You can go look at the votes on my threads, and see 33% support what I have to say. You can see from the survey about Global Warming that roughly 25% of the people in the USA are not idiots like you.
P.S. There is civil war coming because we don't agree with you idiots. And we demand to have a place where we can practice private property rights and limited government. And you fools need to have your own large government that kills you. We refuse to be part of your self-inflicted eugenics system.
April 22, 2014, 11:06:03 PM
This is what we've got to opt-out of. Roughly 75% of the population is going to defend the Titanic as it sinks.
The above two comments are indicative of how Americans don't know their own Constitution, and thus the Constitution is dead.
If you two dumbfucks had any clue, you would understand that from my prior detailed post:
News flash Annoyneymint; nobody reads your bullshit.
Your 5000 dingbats include about 50% provocateurs(*) in a big honeypot designed to ident the tiny few actual nutcases. This so that TPTB can point to them and scare the bejesus out of 200x10^6 more or less normal people. Boilerplate social engineering in modern Americana. I don't like it any better than the next guy, but I can at least identify a winner and a loser, and your looney-toons are going to be the big losers in any conception of the future that you (profess) to have.
Actually, here's what very possibly could happen: The Feds will enlist your 'patriots' to serve as right-wing death squads. With free ammo and carte blanche to shoot anything which moves (including women and children) these types will be as happy as a clam.
* I was looking into things a bit and saw that guy bragging about their strategy of putting their women and children in front of the big bad malitia dopes so they would get shot first by the evil Federales. I mean, it's possible to have no skill at PR, but it's simply not possible to be THIS bad at it!
Crash and burn idiot. You will along with the Titanic you are clinging to.
You've identified the losing side. I guarantee you. A study of history is on my side. Collectivism -> Fascism -> Totalitarianism has repeated throughout the history of mankind. If megadeath and egregious collapse is your idea of normal, then go ahead and reap what you sow.
FYI, I know for a fact that some readers are reading my posts, because they private message me and thank me for it. You can go look at the votes on my threads, and see 33% support what I have to say. You can see from the survey about Global Warming that roughly 25% of the people in the USA are not idiots like you.
P.S. There is civil war coming because we don't agree with you idiots. And we demand to have a place where we can practice private property rights and limited government. And you fools need to have your own large government that kills you. We refuse to be part of your self-inflicted eugenics system.
The above two comments are indicative of how Americans don't know their own Constitution, and thus the Constitution is dead.
If you two dumbfucks had any clue, you would understand that from my prior detailed post:
News flash Annoyneymint; nobody reads your bullshit.
Your 5000 dingbats include about 50% provocateurs(*) in a big honeypot designed to ident the tiny few actual nutcases. This so that TPTB can point to them and scare the bejesus out of 200x10^6 more or less normal people. Boilerplate social engineering in modern Americana. I don't like it any better than the next guy, but I can at least identify a winner and a loser, and your looney-toons are going to be the big losers in any conception of the future that you (profess) to have.
Actually, here's what very possibly could happen: The Feds will enlist your 'patriots' to serve as right-wing death squads. With free ammo and carte blanche to shoot anything which moves (including women and children) these types will be as happy as a clam.
* I was looking into things a bit and saw that guy bragging about their strategy of putting their women and children in front of the big bad malitia dopes so they would get shot first by the evil Federales. I mean, it's possible to have no skill at PR, but it's simply not possible to be THIS bad at it!
Crash and burn idiot. You will along with the Titanic you are clinging to.
You've identified the losing side. I guarantee you. A study of history is on my side. Collectivism -> Fascism -> Totalitarianism has repeated throughout the history of mankind. If megadeath and egregious collapse is your idea of normal, then go ahead and reap what you sow.
FYI, I know for a fact that some readers are reading my posts, because they private message me and thank me for it. You can go look at the votes on my threads, and see 33% support what I have to say. You can see from the survey about Global Warming that roughly 25% of the people in the USA are not idiots like you.
P.S. There is civil war coming because we don't agree with you idiots. And we demand to have a place where we can practice private property rights and limited government. And you fools need to have your own large government that kills you. We refuse to be part of your self-inflicted eugenics system.
April 22, 2014, 08:57:16 PM
Why we need anonymity.
http://armstrongeconomics.com/2014/04/21/how-your-cell-phone-threatens-your-liberty/
http://armstrongeconomics.com/2014/04/21/how-your-cell-phone-threatens-your-liberty/
Quote from: Armstrong
We have to realize the tremendous risk that technology has brought. People once could just hop on a plane and leave with a suitcase full of gold to start over in a new land. Those days are long gone.
I am surprised that Armstrong seems to have not paid any attention to cryptocurrency.
In theory cryptocurrency can restore the ability to hop on a plane and take all your wealth with you.
However, to achieve this the link between a particular cryptocurrency account a particular individual must be severed.
He thinks the powers-that-be can shut it down at any time with their control over the internet and their ability to regulate the exchanges.
I've tried to email and explain that decentralization, anonymity, and other technologies (in an improved altcoin that is not Bitoin) might be able to overcome. He has not responded on those points.
I expect his unspoken stance is that:
- Show me, don't talk.
- It won't gain enough scale fast enough to make a difference
- Substantive solutions will always be collectivized
I think it is our challenge to prove there is a new Knowledge Age paradigm. I understand his skepticism.
Also I think he is very concerned about the chaos that is going to hit the world, regardless of any such crypto-currency.
I hope he will admit that rescuing some of private capital is better than let it all be destroyed.
April 22, 2014, 08:50:56 PM
April 22, 2014, 08:24:54 PM
Why we need anonymity.
http://armstrongeconomics.com/2014/04/21/how-your-cell-phone-threatens-your-liberty/
http://armstrongeconomics.com/2014/04/21/how-your-cell-phone-threatens-your-liberty/
Quote from: Armstrong
We have to realize the tremendous risk that technology has brought. People once could just hop on a plane and leave with a suitcase full of gold to start over in a new land. Those days are long gone.
I am surprised that Armstrong seems to have not paid any attention to cryptocurrency.
In theory cryptocurrency can restore the ability to hop on a plane and take all your wealth with you.
However, to achieve this the link between a particular cryptocurrency account a particular individual must be severed.
April 22, 2014, 05:41:15 AM
Cross-posting...
You can see some photos of the mall where I was today.
Young employees of the DENR (Dept of Environment and Natural Resources) were handing out brochures with "Global Warming" in scary red blood dripping vampire-like font.
The global conspiracy is paying the people to spread this nonsense as gospel.
I tried to explain to these youthful employees that this is all lies and it is part of a global plan to indoctrinate the people how to be good slaves and submit to various taxes and multi-national corporate control.
We are moving into the end game of Fascism and headed into Mad Max totalitarianism.
By the time you boiling frogs realize it, it will be too late for you already.
Click my name and then click "read latest posts" to dig into the supporting evidence I have posted over the past few weeks.
For those who want to opt-out of this coming hell, you had better figure out which train to board...
...and stop wasting your time reading all of this bla bla bla, which can't help you.
Young employees of the DENR (Dept of Environment and Natural Resources) were handing out brochures with "Global Warming" in scary red blood dripping vampire-like font.
The global conspiracy is paying the people to spread this nonsense as gospel.
I tried to explain to these youthful employees that this is all lies and it is part of a global plan to indoctrinate the people how to be good slaves and submit to various taxes and multi-national corporate control.
We are moving into the end game of Fascism and headed into Mad Max totalitarianism.
By the time you boiling frogs realize it, it will be too late for you already.
Click my name and then click "read latest posts" to dig into the supporting evidence I have posted over the past few weeks.
For those who want to opt-out of this coming hell, you had better figure out which train to board...
...and stop wasting your time reading all of this bla bla bla, which can't help you.
April 22, 2014, 05:28:09 AM
Here comes the Mad Max...
http://armstrongeconomics.com/2014/04/21/uk-hunting-the-rich-abandon-uk-before-you-cannot/
http://armstrongeconomics.com/2014/04/21/uk-hunting-the-rich-abandon-uk-before-you-cannot/
Quote from: Armstrong
UK Hunting the Rich – Abandon UK Before you cannot.
A reader posted this new ad campaign in Britain. These politicians have squandered everything and now they are hunting down capital everywhere and the view is people have to pay whatever they demand or you are just a criminal. Nobody even bothers to look at what they are doing to the world economy. These advertisements are appearing everywhere and they will only succeed in created the worst economic collapse since the Great Depression.
Putin is raising taxes for taking Crimea.
A reader posted this new ad campaign in Britain. These politicians have squandered everything and now they are hunting down capital everywhere and the view is people have to pay whatever they demand or you are just a criminal. Nobody even bothers to look at what they are doing to the world economy. These advertisements are appearing everywhere and they will only succeed in created the worst economic collapse since the Great Depression.
Putin is raising taxes for taking Crimea.
April 21, 2014, 05:14:29 PM
Here comes Peter Thiel (Paypal) taking over Bitcoin from every angle (see also upthread posts about his role in Bitpay):
Good that he likes the word 'peer'
Facebooks is going to ask for a bank license so it can distribute peer-to-peer money transactions.
It took over Transwise, which already did more as a billion in transactions and together with whatsapp and facebook, which is installed on almost every smartphone its going to be the new number one.
Backed with Peter Thiel, In-Q-Tel an investment department of the CIA, which are also sitting in Facebooks Board they have the tech Elite and Governmant support.
It took over Transwise, which already did more as a billion in transactions and together with whatsapp and facebook, which is installed on almost every smartphone its going to be the new number one.
Backed with Peter Thiel, In-Q-Tel an investment department of the CIA, which are also sitting in Facebooks Board they have the tech Elite and Governmant support.
Good that he likes the word 'peer'
April 21, 2014, 05:12:52 PM
Why we need anonymity.
http://armstrongeconomics.com/2014/04/21/how-your-cell-phone-threatens-your-liberty/
Problem is Bitcoin isn't anonymous and the mining is 51% controlled by two pools and few major holders of ASICs.
http://armstrongeconomics.com/2014/04/21/how-your-cell-phone-threatens-your-liberty/
This is another reason I think bitcoin will succeed. Zerohedge claims the US may go after Putin's $40 billion dollars in financial assets stored in Switzerland:
http://www.zerohedge.com/news/2014-04-20/means-war-us-target-putins-personal-40-billion-stash
Whether you agree or disagree that Putin's fortune is "fair" and whether you agree or disagree that it is right for the US to take his wealth, I believe that if you were in Vladimir Putin's position you'd feel more comfortable with a cool billion (2.5% of his financial wealth) sitting in a secure brain wallet, and perhaps another billion or so in carefully planned m-of-n wallets.
I wonder if Vladimir understands bitcoin.
http://www.zerohedge.com/news/2014-04-20/means-war-us-target-putins-personal-40-billion-stash
Whether you agree or disagree that Putin's fortune is "fair" and whether you agree or disagree that it is right for the US to take his wealth, I believe that if you were in Vladimir Putin's position you'd feel more comfortable with a cool billion (2.5% of his financial wealth) sitting in a secure brain wallet, and perhaps another billion or so in carefully planned m-of-n wallets.
I wonder if Vladimir understands bitcoin.
Problem is Bitcoin isn't anonymous and the mining is 51% controlled by two pools and few major holders of ASICs.
April 21, 2014, 05:09:07 PM
I might buy a hot dog from a seller in a stadium, even if I never saw the guy before; but not from a stranger in a run-down street who wears a ninja costume and a ski hood...
That is why this new anonymity coming will be superior as it won't be differentiated and stand out negatively that way.
In the political context: anonimity may be a valuable "tactical weapon" when fighting an oppressive illegitimate government. However, by the time it is necessary, it will be very difficult to obtain.
You sure proclaim a lot without knowing all the technical details.
Moreover, it is not very effective -- because anonimity is essentially act of cowardice, an admission of weakness and defeat. It is fleeing rather than fighting, the way of the rat rather than of the badger. The most effective time and way to fight such governments is before they take power -- openly, not anonymously.
Can't fight openly because by the time the masses realize, it is already too late.
Fighting by blending in is the most successful war strategy in history, guerrilla war fare.
Not weak at all. It has never been defeated. Because the State can never figured out if they've killed the last guerrilla.
April 21, 2014, 03:53:12 AM
[...] What makes society work it is the network of person-to-person interactions, where the parties know and trust each other. In anonymous interactions, outside the reach of government, there is no incentive to honor deals or build a reputation.
You entirely missed the upthread point made that reputation does not require personal identity.
Btw, we always had anonymity with cash, now we are losing it. And so now we move to the slavery State if we don't have anonymity.
Yeah, sorry, I skipped several pages.
Cash itself may be anonymous, but most cash transactions are not.
I have lunch at the corner cafe every day; the owner notes the amount down on a 3x5 card, and every Friday I pay whatever he says I owe, with cash; and he doesn't mind waiting until next Monday if I am out of cash in my "hot wallet". That is because we both know and trust each other. But I would not send cash in an envelope to pay for a bill, of course.
Even when the parties have never met before and don't know each other's name, they can tell a lot about each other, with passable confidence, just from their appearance and context. The mere fact that the other guy is NOT hiding his face may be sufficiently reassuring. I might buy a hot dog from a seller in a stadium, even if I never saw the guy before; but not from a stranger in a run-down street who wears a ninja costume and a ski hood...
In the political context: anonimity may be a valuable "tactical weapon" when fighting an oppressive illegitimate government. However, by the time it is necessary, it will be very difficult to obtain. Moreover, it is not very effective -- because anonimity is essentially act of cowardice, an admission of weakness and defeat. It is fleeing rather than fighting, the way of the rat rather than of the badger. The most effective time and way to fight such governments is before they take power -- openly, not anonymously.
April 20, 2014, 11:51:48 PM
[...] What makes society work it is the network of person-to-person interactions, where the parties know and trust each other. In anonymous interactions, outside the reach of government, there is no incentive to honor deals or build a reputation.
You entirely missed the upthread point made that reputation does not require personal identity.
Btw, we always had anonymity with cash, now we are losing it. And so now we move to the slavery State if we don't have anonymity.
Yeah, sorry, I skipped several pages.
Cash itself may be anonymous, but most cash transactions are not.
I have lunch at the corner cafe every day; the owner notes the amount down on a 3x5 card, and every Friday I pay whatever he says I owe, with cash; and he doesn't mind waiting until next Monday if I am out of cash in my "hot wallet". That is because we both know and trust each other. But I would not send cash in an envelope to pay for a bill, of course.
Even when the parties have never met before and don't know each other's name, they can tell a lot about each other, with passable confidence, just from their appearance and context. The mere fact that the other guy is NOT hiding his face may be sufficiently reassuring. I might buy a hot dog from a seller in a stadium, even if I never saw the guy before; but not from a stranger in a run-down street who wears a ninja costume and a ski hood...
In the political context: anonimity may be a valuable "tactical weapon" when fighting an oppressive illegitimate government. However, by the time it is necessary, it will be very difficult to obtain. Moreover, it is not very effective -- because anonimity is essentially act of cowardice, an admission of weakness and defeat. It is fleeing rather than fighting, the way of the rat rather than of the badger. The most effective time and way to fight such governments is before they take power -- openly, not anonymously.
April 20, 2014, 08:07:32 AM
Sometimes I wish this site wouldn't allow n00bs newbies to post in my threads, until they've gained some reputation. I wish I had a moderator setting for that. I could delete their posts, but that would make it look like I have no counter-argument.
It's too bad that there's no legitimate way to automatically measure whether or not someone's new here, a lot of people recycle their identities into new profiles. The repetitive bashing that results is fantastic though.
Quote
* I am very skeptical of anonimity as a "weapon of freedom". On one hand, one cannot build a functional society only with anonymous interactions. What makes society work it is the network of person-to-person interactions, where the parties know and trust each other. In anonymous interactions, outside the reach of government, there is no incentive to honor deals or build a reputation.
This logic is pretty fuzzy. When I go to an ATM and deposit cash . . and then use those funds to purchase something online . . it's effectively an anonymous transaction as far as the merchant is concerned. They don't have any way of knowing that it was my own cash from my own wallet that ended up in their account. They never have. They take the bank's word, on trust, that I paid for what I purchased and that the money is in their account. In this situation, the bank(s) are acting as a type of escrow.
You said that the parties trust each other. That is wrong. The parties trust the bank when a debit or credit card is involved. This has become pretty much every single time. It's now increasingly rare for people to use cash. Even people that have trust in cash have even more trust in their cards: http://www.nytimes.com/2014/02/03/business/newly-wary-shoppers-trust-cash.html?_r=0
Also, I feel like you're severely limiting the interpretation of anonymous transations, and using that to try and justify your main point. You have every ability to make the tx's non-anonymous by exchanging them in person or using a trusted escrow system(where trust takes the place of mistrust in anonymity). This system can be manifested through an actual person or group, or automated like the paypal or now
This institution has already been built on anonymous transactions. This can easily be carried over and repeated with anonymous internet money.
Afterthought: Actually this is one of my major focuses that I'd like to work on. If anonymous currencies were to exist, and someone were to develop a banking system on that foundation . . what types of parallels would we expect to see with the current system of exchanging money through a bank?
Does bitcoin, with a traceable blockchain history, negate the need for banking because of the lack of trust necessary? Does an anonymous solution invite them? If we were to fit this into our present solution to inspire trust amongst consumers and merchants by using banks, would creating them again be the only way an anonymous coin would work?
Apart from those questions, the need for anonymous transactions would still be fulfilled in a world where banks built trust in anonymous currency . . because you'd still have the ability to find someone in the world who accepts your cash that trusts you personally to not screw them on the deal (without it being able to be recorded back to you). In this sense, there is quite a bit of anonymity and you only give it up to develop trust in situations where there can be none (for whatever reason).
Also, by saying 'trust' I only mean for the particular transaction. Not that you'd be comfortable sharing details of murder with the person. Just one simple instance of trust.
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