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Topic: Decentrally mined currency has failed so far - page 3. (Read 11281 times)

full member
Activity: 154
Merit: 100
Ahahaaa.... What I get from that is that France can fuck their way to prosperity.

That explains why I am in the Philippines! I have southern French ancestry (and German and Welsh).
hero member
Activity: 518
Merit: 500
Hodl!
Ahahaaa.... What I get from that is that France can fuck their way to prosperity.
full member
Activity: 154
Merit: 100
Look your economies are going to implode. And the retirees are going to support the government to find taxes where ever they can.
Hey I am European, no problems over here.

Oh no? You've got three these albatrosses round your neck, Italy, Greece and Spain.... Cyprus, Ireland, UK, France, Germany etc.........



http://www.usdebtclock.org/world-debt-clock.html

http://suvysthoughts.blogspot.com/2014/08/europes-conundrum.html

Hey Germany was in recesssion until the formation of the Euro which was a currency war against the PIIGS, allowing Germany to devalue their manufacturing so they could undercut the PIIGS manufacturing and steal.

Europe's banks are leveraged on the order of 50-to-1, much much higher than the USA banks were before they were recapitalized in 2008. Are you ready for the Portabello?

So now you are married to the coming implosion. One for all, All for one. Isn't it bloody amicable brings tears to my armpits. Ciao.  Cool
full member
Activity: 154
Merit: 100
Look your economies are going to implode. And the retirees are going to support the government to find taxes where ever they can.
Hey I am European, no problems over here.

Oh no? You've got three these albatrosses round your neck, Italy, Greece and Spain.... Cyprus, Ireland, UK, France, Germany etc.........



http://www.usdebtclock.org/world-debt-clock.html

And when did the Euro turn down recently?

You ignore Armstrong's model at your peril.

I should keep an eye out for the possibility that Europe could bounce until 2014.675. I need to search for facts that can tell me how long this bounce is likely to last. I don't want to be too early again, as I was on China last July 2012.

As I've been expecting, looks like we will get that a deadcat bounce in capital fleeing Europe and developing markets into the USA, which may put a temporarily top on the USA equities. Safe haven bond yields in Europe are increasing (exodus from safe havens) and US Treasury yields are declining (from recent dramatic rise) which is a combination of capital coming out of USA equities taking a breather, capital coming out of safe haven European bonds, and lower PPI placing doubt on Fed's Sept. taper.

...

Remember on Exter's Inverted Pyramid, that US federal reserve notes are at the bottom just above gold. Patience goldbugs, patience...
hero member
Activity: 700
Merit: 500
If the ultimate sanction is that they turn off the internet, then there is no app for that  Smiley

But at some point they must turn it back on - or forever live in darkness...
full member
Activity: 154
Merit: 100
Oblivious shares mean that the block contents are not disclosed to the hasher. The hasher may be working on a malicious branch of the chain without even knowing about it. They may even be crushing start-up alt-coins, or embeding prayers in the block-chain.

I believe oblivious shares can be implemented using a public hash of the block data. The secret can be independent of the compilation of the contents of the block.

As I understand it, the secret can be an arbitrary length: that is the whole point of a hash function.
With oblivious shares, block manipulations possible with getblocktemplate are impossible: since a hashed header implies a read-only block.

Wait I will dig up the math to be sure. I will go eat first outside, reply when I return.

It took so long to get back to this.

The SecretSeed does not depend on the contents of the block[1]. Thus I don't see how it is incompatible with any modifications to the contents of the block.

[1] http://arxiv.org/pdf/1112.4980.pdf#page=29

hero member
Activity: 700
Merit: 500
Look your economies are going to implode. And the retirees are going to support the government to find taxes where ever they can.
Hey I am European, no problems over here.

Oh no? You've got three these albatrosses round your neck, Italy, Greece and Spain.... Cyprus, Ireland, UK, France, Germany etc.........



http://www.usdebtclock.org/world-debt-clock.html
hero member
Activity: 714
Merit: 500
But there is no point in answering that 2 "questions", because the assumption behind this 2 "question" is, that EU-countries have to give up there social model, if they do not agree to some imaginary edict and that doesn't make any sense at all.

Thanks for proving that in your case I am correct about the European psychosis.

You think that you can have an unsustainable tax and redistribute economic model and not have to confiscate the wealth. Duh.

And therefor you assume implicitly that a non-compliant Bitcoin won't be used to hide wealth.

Look your economies are going to implode. And the retirees are going to support the government to find taxes where ever they can.
You are just ignoring the fact that the USA has major economic problems without a social system, there was a world wide crisis which affected most countries including the USA and it had nothing to do with any social system.
hero member
Activity: 518
Merit: 500
Hodl!
Look your economies are going to implode. And the retirees are going to support the government to find taxes where ever they can.
Hey I am European, no problems over here.

Oh no? You've got three albatrosses round your neck, Italy, Greece and Spain.... and guess who pays the highest pensions in EU.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
Filipinos don't plan and don't care about the future. They live for the moment. They make great entertainers and perform well in any social work. But don't ask them to do silent engineering (the non-Chinese ones). This is rare.

They are just a pawn of the powers such as the USA, China, and Japan.

Any way, I think this discussion have been taken far off topic. And this is not useful to me. We need to stop this. I don't want to spend my time on irrelevant topics.
Curmudgeons are boring when they talk about politics. You really don't get Filipinos. Maybe not planning or caring about the future isn't such a terrible way to live. Their culture has never been defeated. Their culture has served them and remained intact for 40,000 years. That's why they are welcome everywhere. Manifest destiny re-branded as NWO is dead.
full member
Activity: 154
Merit: 100
Hey I am European, no problems over here.
full member
Activity: 154
Merit: 100
But there is no point in answering that 2 "questions", because the assumption behind this 2 "question" is, that EU-countries have to give up there social model, if they do not agree to some imaginary edict and that doesn't make any sense at all.

Thanks for proving that in your case I am correct about the European psychosis.

You think that you can have an unsustainable tax and redistribute economic model and not have to confiscate the wealth. Duh.

And therefor you assume implicitly that a non-compliant Bitcoin won't be used to hide wealth.

Look your economies are going to implode. And the retirees are going to support the government to find taxes where ever they can.

hero member
Activity: 714
Merit: 500
turvarya,

You do realize that decentralization and the European social model (tax and redistribute) are incongruent?
A decentralized currency(!) and the European social model are not incongruent?
There are not just this two extrems: Either everything is decentralized or everything is centralized.
There is also not just that outcome, that Bitcoin succeed and every fiat disappears or Bitcoin disappears.

If your imagination is just limited to think of 2 possibilities, than I finally understand, what your big problem is.

You realize you didn't answer the second and third question.
It's hard to answer someone, who always edits his posts.
But there is no point in answering that 2 "questions", because the assumption behind this 2 "question" is, that EU-countries have to give up there social model, if they do not agree to some imaginary edict and that doesn't make any sense at all.

I see, that you are camouflaging, assumptions as questions. That just doesn't work on me.
Answer me this:
When the sky will fall to earth, would you rather live in a common house or a bunker? And if you are rather live in a bunker, why are you wasting your time on a forum, instead of building one?
full member
Activity: 154
Merit: 100
Okay cbeast we get your point. You think I am a delusional maniac in the mold of Alex Jones Massacre.

Perhaps you can try to refute my point about Europe.
I didn't come to the Philippines to get all stressed about Western culture and ideologies. Do you not realize that you are surrounded by the most unique culture and people in the world? If you want to think about something deep, ask yourself why Filipinos are so sought after as workers worldwide. Hint: it's not just because they work cheap. If you want to make a difference in the world, talk to them about Bitcoin. You will be surprised at their understanding and the unique position they are in to benefit from Bitcoin on a global scale.

Filipinos don't plan and don't care about the future. They live for the moment. They make great entertainers and perform well in any social work. But don't ask them to do silent engineering (the non-Chinese ones). This is rare.

They are just a pawn of the powers such as the USA, China, and Japan.

Any way, I think this discussion have been taken far off topic. And this is not useful to me. We need to stop this. I don't want to spend my time on irrelevant topics.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
Okay cbeast we get your point. You think I am a delusional maniac in the mold of Alex Jones Massacre.

Perhaps you can try to refute my point about Europe.
I didn't come to the Philippines to get all stressed about Western culture and ideologies. Do you not realize that you are surrounded by the most unique culture and people in the world? If you want to think about something deep, ask yourself why Filipinos are so sought after as workers worldwide. Hint: it's not just because they work cheap. If you want to make a difference in the world, talk to them about Bitcoin. You will be surprised at their understanding and the unique position they are in to benefit from Bitcoin on a global scale.
full member
Activity: 154
Merit: 100
turvarya,

You do realize that decentralization and the European social model (tax and redistribute) are incongruent?
A decentralized currency(!) and the European social model are not incongruent?
There are not just this two extrems: Either everything is decentralized or everything is centralized.
There is also not just that outcome, that Bitcoin succeed and every fiat disappears or Bitcoin disappears.

If your imagination is just limited to think of 2 possibilities, than I finally understand, what your big problem is.

You realize you didn't answer the second and third question. Are Europeans going to rail against AML laws that aim to prevent tax evasion so they can avoid AML compliance for Bitcoin?

If yes, the tax evaders can just route everything through Bitcoin.

I am glad you are disagreeing with everyone who thinks Bitcoin will be a really big and dominating phenomenon. So your argument is Bitcoin is irrelevant. Okay.

Readers Europeans do tie themselves in logical knots when it comes to their social model. They think they can have that and have some idealistic concepts about "freedom" or rational "decentralization" or some other conflicted psychosis.
full member
Activity: 154
Merit: 100
Okay cbeast we get your point. You think I am a delusional maniac in the mold of Alex Jones Massacre.

Perhaps you can try to refute my point about Europe.
hero member
Activity: 714
Merit: 500
turvarya,

You do realize that decentralization and the European social model (tax and redistribute) are incongruent?
A decentralized currency(!) and the European social model are not incongruent?
There are not just this two extrems: Either everything is decentralized or everything is centralized.
There is also not just that outcome, that Bitcoin succeed and every fiat disappears or Bitcoin disappears.

If your imagination is just limited to think of 2 possibilities, than I finally understand, what your big problem is.
full member
Activity: 154
Merit: 100
turvarya,

You do realize that decentralization and the European social model (tax and redistribute) are incongruent?

Do you think the mainstream will give up their beloved social model to prevent an edict to use only approved AML compliant Bitcoin service providers? They will choose to destroy their tax collections?

 Roll Eyes

Even Switzerland voted 74% against a 20% gold backed money in a referendum this week. The EU demographics are old and old people want their government guaranteed retirements.
hero member
Activity: 714
Merit: 500
I still have no idea, what are talking about, when you say "turvarya, are you not aware of all the seizures of cash and gold of Europeans crossing borders?". There are limits of how many cash your are allowed to bring over a border. If you bring more, it get seized.

Oh I see that seizure of money and capital controls are not evidence of USA style authoritarianism which you claimed doesn't exist in your nirvana.
Do make one thing clear:
I am not generally against governments enforcing laws. Also when it comes to people who want to avoid paying taxes. There is nothing "USA style authoritarianism" about that. I was asking for examples, where someone with some common sense of law, would say it was not ok, to seize that money.

You are raffling random stuff...

Information is noise to those who can't do addition or who are willfully vested in ignoring information.

You pretend to be dumb.
You didn't provide any information to my questions. So there is nothing to ignore, it is just not there.

So there is your answer. You think tax and spend (at 60% of GDP) is sustainable. You think capital controls are freedom.

So you embrace an authoritarian megadeath outcome. I know you don't realize it always results in that outcome, and that is because you are European and you guys repeat the same outcome over and over throughout history.

The American situation is very "in your face" obvious because there is a still a lot of resistance to the concept (even though many people like the government handouts, they still believe they should have freedom too). In Europe there is no conceptual resistance. They believe in giving up freedoms in order to have a better collective order. So the outcome will be as easy as a hot knife through warm butter over there. I doubt you all be able to put up any resistance to the European Commission edicts which are in the back pocket of the USA.

Or if you do finally put up a resistance, that is when you will see the boots come out. But it won't take much as nobody owns a gun over there.
And again, you just show, that you just don't know anything about the EU. There is a lot of resistance here against EU-edicts, especially when it is about commercial agreement regarding the USA.
Currently we are fighting TTIP.
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