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Topic: Economic Devastation - page 25. (Read 504820 times)

sr. member
Activity: 420
Merit: 262
May 01, 2016, 08:03:36 PM
I really doubt any result but remain is what occurs unless Im somehow missing some vast but hidden harbour of discontent or apprehension at EU policy.  Its possible and probably would even be accurate to the situation but the average person is more guided by their own impression of EU money flow to them personally I think.   Many land owners receive cash for otherwise fairly useless open land on their large estates so are likely in favour of continuing subsidies and similarly those in power and also the wider public love the idea of free money scheme 'initiatives' ;that is probably the perception of EU.

  Also the common argument seems to be along the lines of but I like Europeans as if UK will cast adrift into the Atlantic if a vote should be made to distance from the EU, not only does business stop and any travel plans but literally UK leaves europe.  To me the vote is on politics and unbound and expanding budgeting power of EU, its quite reasonable to leave and if you really want return a decade later, meanwhile we trade with europe anyway because that's what companies do to profit.

You affirmed the red text in my post. And thus affirmed my 2010 prediction has remained correct.
STT
legendary
Activity: 4102
Merit: 1454
May 01, 2016, 07:47:51 PM
Using leverage on an already volatile system seems an unneeded complication to life.  Or at least play it both ways if you are a trader then fair enough


Quote
and BREXIT result is "Remain"

The polls show a reasonable chance either way apparently, however I would reference the polls of the early nineties showing a Labour victory as evidence that people answer differently to a poll then their actual vote.  Exit polls probably not so much as its all done by then.   However the British public are very news minded and want to influence the debate in their answers while actually being set on voting otherwise.

I really doubt any result but remain is what occurs unless Im somehow missing some vast but hidden harbour of discontent or apprehension at EU policy.  Its possible and probably would even be accurate to the situation but the average person is more guided by their own impression of EU money flow to them personally I think.   Many land owners receive cash for otherwise fairly useless open land on their large estates so are likely in favour of continuing subsidies and similarly those in power and also the wider public love the idea of free money scheme 'initiatives' ;that is probably the perception of EU.

  Also the common argument seems to be along the lines of but I like Europeans as if UK will cast adrift into the Atlantic if a vote should be made to distance from the EU, not only does business stop and any travel plans but literally UK leaves europe.  To me the vote is on politics and unbound and expanding budgeting power of EU, its quite reasonable to leave and if you really want return a decade later, meanwhile we trade with europe anyway because that's what companies do to profit.

  This is just about governments, nothing wrong with the system UK used for a few hundred years but Im guessing people now fear the change of leaving EU not realising the bigger changes will occur if UK stays in - but hopefully Im wrong multiple times there
sr. member
Activity: 420
Merit: 262
May 01, 2016, 07:25:24 PM
Or I can wait until a real decentralized exchange exists...

You are jealous:

Note I also contributed the key technical insight[1] into how to make decentralized exchange work so it can't be jammed.

[1] Find my posts in this thread and note that TierNolan is one of the original inventors of the DE protocol, but it had a jamming flaw until I fixed it: https://bitcointalksearch.org/topic/atomic-swaps-using-cut-and-choose-1364951
legendary
Activity: 2044
Merit: 1005
May 01, 2016, 07:20:10 PM
Cool ill hold my coins and buy more if possible and sell usd
Or you can try putting in to a trade platform on an exchange and use it to leverage against the usd and make even more than simply selling it.
Or I can wait until a real decentralized exchange exists and then use it to leverage against the USD and watch my coins explode upwards until then.
sr. member
Activity: 420
Merit: 262
May 01, 2016, 07:12:46 PM
The red text was predicted by myself in 2010 in the essay "Understand Everything Fundamentally" which is linked in CoinCube's OP of this thread and which was widely syndicated on the internet "goldbug" websites such as gold-eagle.com, financialsense.com, marketoracle.co.uk, silverbearcare.com, etc..

Follow up to my prior post:

Cool ill hold my coins and buy more if possible and sell usd

Your illness combined with jealousy dismember your reading comprehension. MA didn't predict anything about crypto-currency. The prediction is for USD to go down through end of 2017 (if the 117 level of the Euro is breached to the upside and BREXIT result is "Remain"). Thus you are not being contrarian to my predictions, which you've incorrectly stated always made your trades correct.

Buying more Bitcoin after the halving peak (June or August) is very risky though. Definitely you won't see great gains from this. And the downside risk is very great. So that would be a contrarian-to-my-predictions trade on your part and I hope you go 100% of your net worth into it, so you will be finally gone from this forum when you are bankrupted.



BitFomo, the argument that the government won't care about the securities law violations in crypto IPOs, instamines, PoS coins, masternode coins, coins paying debasement to the developers (Z.cash), seems reasonable because the elite have bigger fish to fry.

However, the period of 2018 to 2020 is going to be utter scorched earth economic collapse followed by a coordinated monetary reform into a one-world reserve currency system, thus we could see governments become very totalitarian in terms of going after all illegal actions wherein they can confiscate people's money due to some law broken. They will hunt those with significant money, not nickels and dimes.

I would steer clear of violating laws as much as possible, if you have any money. As for thinking you can hide your money from the government in Bitcoin, the centralization (centralized control) of Bitcoin will eventually kill that.

Do you really think TPTB, the mainstream capital flows that are short the dollar+gold+Bitcoin, and the world's socialism is going to allow the "rich" (i.e. the upper middle class) to ride away with gains in gold and Bitcoin as the rest of the people become impoverished by the economic collapse Huh

If you want to ride through this coming apocalypse unscathed, then you need to be extra diligent on not providing simple legal justification for confiscation of your wealth.
sr. member
Activity: 252
Merit: 250
BetcoinRakeback.com
May 01, 2016, 06:52:21 PM
Cool ill hold my coins and buy more if possible and sell usd
Or you can try putting in to a trade platform on an exchange and use it to leverage against the usd and make even more than simply selling it.
legendary
Activity: 2044
Merit: 1005
May 01, 2016, 06:38:16 PM
Cool ill hold my coins and buy more if possible and sell usd
sr. member
Activity: 420
Merit: 262
April 30, 2016, 05:53:45 PM
sr. member
Activity: 420
Merit: 262
April 27, 2016, 04:43:52 PM
The purpose of mining is to create a permanent decentralized exchange, which thus results in a permissionless system.

And even better than Bitcoin will be the coin where those newly mined coins are mined by the millions and billions of users, not by few 100s of professional miners (which is where Bitcoin is rapidly centralizing to). The only way to achieve this is to make mining unprofitable. I've explained this design, yet so many people remain skeptical. I'll finish the 'plaining in a white paper after it is too late to copy the design.

Absent an automatic means in the economy where money naturally moves from the power law distribution wealthy back to the masses, then Socialism erects to do the job, which is then captured by the same power law which ends up in periodic 600 year Dark Ages.

It is time for something better. Even better than Bitcoin. At least we have a somewhat decentralized Bitcoin in the meantime.

I have work to do.



Then get your a$$ back to work!

Smiley    Tongue    Smiley    Tongue


I can write that because I'm older than you are, smile.  But, really, do what you have to do...

World changing accomplishment completed (links to the solution are at the other thread):

Today afaics I have completely solved Philip Wadler's famous Expression Problem in the remaining area where it wasn't solved which are collections! A known unsolved problem in computer science for at least a decade and half.

Philip Wadler is the famous computer scientist professor co-creator of Haskell.

Essentially afaics my proposal is combining first-class type unions, first-class trait intersections, a global hash dynamic dispatch, and optional immutability to allow for first-class heterogeneous collections which are open in both dimensions of Wadler's Expression Problem, i.e. can add new data types and new interfaces orthogonal without restarting from before what one already has at any location in the source code. And this apparently eliminates subtyping entirely (which typeclasses didn't have any way, e.g. Haskell, Rust, and PureScript).
legendary
Activity: 2968
Merit: 1895
April 26, 2016, 08:48:36 PM
The purpose of mining is to create a permanent decentralized exchange, which thus results in a permissionless system.

And even better than Bitcoin will be the coin where those newly mined coins are mined by the millions and billions of users, not by few 100s of professional miners (which is where Bitcoin is rapidly centralizing to). The only way to achieve this is to make mining unprofitable. I've explained this design, yet so many people remain skeptical. I'll finish the 'plaining in a white paper after it is too late to copy the design.

Absent an automatic means in the economy where money naturally moves from the power law distribution wealthy back to the masses, then Socialism erects to do the job, which is then captured by the same power law which ends up in periodic 600 year Dark Ages.

It is time for something better. Even better than Bitcoin. At least we have a somewhat decentralized Bitcoin in the meantime.

I have work to do.



Then get your a$$ back to work!

Smiley    Tongue    Smiley    Tongue


I can write that because I'm older than you are, smile.  But, really, do what you have to do...
sr. member
Activity: 420
Merit: 262
April 26, 2016, 07:46:35 PM
The purpose of mining is to create a permanent decentralized exchange, which thus results in a permissionless system.

And even better than Bitcoin will be the coin where those newly mined coins are mined by the millions and billions of users, not by few 100s of professional miners (which is where Bitcoin is rapidly centralizing to). The only way to achieve this is to make mining unprofitable. I've explained this design, yet so many people remain skeptical. I'll finish the 'plaining in a white paper after it is too late to copy the design.

Absent an automatic means in the economy where money naturally moves from the power law distribution wealthy back to the masses, then Socialism erects to do the job, which is then captured by the same power law which ends up in periodic 600 year Dark Ages.

It is time for something better. Even better than Bitcoin. At least we have a somewhat decentralized Bitcoin in the meantime.

I have work to do.
sr. member
Activity: 420
Merit: 262
April 23, 2016, 09:33:51 PM
Since economics is a zero sum game

Nope. Because saplings grow to oak trees, but oak trees don't grow to the moon and beyond, they rot and decay.

The larger your wealth, the less fast you can grow it because your economy-of-scale is too large for the smaller faster growing opportunities. The new minnows race past you, and the cycle repeats over and over again.

Sorry the fundamental matter of the universe is cyclical, because without friction the speed-of-life would be infinite and thus past and future would collapse into the nothingness of an infinitesimal point in spacetime. We exists only because of friction and cycles.



We exist only because of friction and cycles.

Which backs what I said about a zero sum game when even the universe probably is one.  That everything you look around and see is the more long drawn out equivalent of a quantum fluctuation, some type of energy or matter briefly appearing then disappearing back to the void.

The "no free lunch" zero energy universe:

https://en.wikipedia.org/wiki/Zero-energy_universe

Sorry incorrect again. The Second Law of Thermodynamics (which Einstein remarked is fundamental because it is due to the irreversibility of the forward change in time) insures the entropy of the universe is always trending to maximum, not to some limit. So our diversity and opportunity are always increasing.

Man r0ach, don't be so depressed. Life is great!
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
April 21, 2016, 03:47:54 AM
Bitcoin and the crypto economy is doing pretty well in this global recession.

I mean wages are dropping worldwide, taxes increse, jobs losses over the board, young guys cant find jobs,etc..

Yet people here earn pretty well, because investors fund our bitcoin project, and we all benefit from it in some way.

I just hope more people will join us, actually i dont just hope, i try to make it happen as well.
legendary
Activity: 2044
Merit: 1005
April 21, 2016, 12:25:52 AM
No way to fix the system, equity markets which drives our economy today can be though of as organic mechanisms because they comprise of companies which behave like organisms which are born, live and die (because they can't keep up with innovation).. thus you will have one economy "die" and another born out of innovation and realization of a technology or idea that will uplift confidence enough for people to jump in. That is where we are at now, internet brought us through the last bubble but we are due for a bigger realization of how we work and live, and thus we need to see the current business models "die" and new ones emerge like offspring based on the new tech, which will take years (hence decades of depression like living)... theres no way around it, you can't take 100+ years of a system that has grown out of control and expect to change it on the fly, too much friction both top and bottom.

There will always be pockets of robust health even in an unhealthy and overall depressed system. Once you identify the near term trajectory as toxic or depressed the next step is to identify and join one of these pockets.   
we are talking about society as a whole, pockets are outliers.
legendary
Activity: 1946
Merit: 1055
April 20, 2016, 10:36:49 PM
No way to fix the system, equity markets which drives our economy today can be though of as organic mechanisms because they comprise of companies which behave like organisms which are born, live and die (because they can't keep up with innovation).. thus you will have one economy "die" and another born out of innovation and realization of a technology or idea that will uplift confidence enough for people to jump in. That is where we are at now, internet brought us through the last bubble but we are due for a bigger realization of how we work and live, and thus we need to see the current business models "die" and new ones emerge like offspring based on the new tech, which will take years (hence decades of depression like living)... theres no way around it, you can't take 100+ years of a system that has grown out of control and expect to change it on the fly, too much friction both top and bottom.

There will always be pockets of robust health even in an unhealthy and overall depressed system. Once you identify the near term trajectory as toxic or depressed the next step is to identify and join one of these pockets.   
legendary
Activity: 2044
Merit: 1005
April 20, 2016, 07:32:16 PM

will take generations because its pretty much embedded within our gene's... its been there since homo erectus.

Only way to evolve in thsi case is seeing pain, a multi decade depression might help.

No that doesnt help, because then people will forget what prosperity and happiness is.

Its how CoinCube mentioned Plato's cave, if a person is kept in the shadow all his life, he will probably never know anything better.


I think its the exact opposite that we need, we need huge technological innovation, that can show the masses that capitalism works, and it will make socialism obsolete once AI robots will perform surgeries on people. The free healthcare and education bullshitters will go away.



I think only technology can liberate humanity, but it depends how it's used, because those AI terminator robots are also a concern

No way to fix the system, equity markets which drives our economy today can be though of as organic mechanisms because they comprise of companies which behave like organisms which are born, live and die (because they can't keep up with innovation).. thus you will have one economy "die" and another born out of innovation and realization of a technology or idea that will uplift confidence enough for people to jump in. That is where we are at now, internet brought us through the last bubble but we are due for a bigger realization of how we work and live, and thus we need to see the current business models "die" and new ones emerge like offspring based on the new tech, which will take years (hence decades of depression like living)... theres no way around it, you can't take 100+ years of a system that has grown out of control and expect to change it on the fly, too much friction both top and bottom.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
April 20, 2016, 06:53:21 PM

will take generations because its pretty much embedded within our gene's... its been there since homo erectus.

Only way to evolve in thsi case is seeing pain, a multi decade depression might help.

No that doesnt help, because then people will forget what prosperity and happiness is.

Its how CoinCube mentioned Plato's cave, if a person is kept in the shadow all his life, he will probably never know anything better.


I think its the exact opposite that we need, we need huge technological innovation, that can show the masses that capitalism works, and it will make socialism obsolete once AI robots will perform surgeries on people. The free healthcare and education bullshitters will go away.



I think only technology can liberate humanity, but it depends how it's used, because those AI terminator robots are also a concern
legendary
Activity: 2044
Merit: 1005
April 20, 2016, 04:36:00 PM

Greed makes sure this never happens ... wanting to be ahead of peers and acquire more wealth than them.

Well then we have to find a way to make it like that, because that is the only sustainable long term solution for humanity.

Otherwise we either end up with totalitarian monopolies, or barbaric brutalism of the lazy masses.

will take generations because its pretty much embedded within our gene's... its been there since homo erectus.

Only way to evolve in thsi case is seeing pain, a multi decade depression might help.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
April 20, 2016, 03:19:52 PM

Greed makes sure this never happens ... wanting to be ahead of peers and acquire more wealth than them.

Well then we have to find a way to make it like that, because that is the only sustainable long term solution for humanity.

Otherwise we either end up with totalitarian monopolies, or barbaric brutalism of the lazy masses.
legendary
Activity: 2044
Merit: 1005
April 20, 2016, 09:40:05 AM

Well said.

You can almost say the market runs on greed. I mean in the sense that wanting more money and success means you must necessarily create value for others, who will voluntarily buy what you're producing. There is the saying that if you can find a way to help a million people or solve a problem they have, then you will necessarily be wealthy in return.

Competition in free markets is the only thing that can provide the balance you speak of. This "mixed economy" aka socialist non-sense is where greed gets out of check and rewards profiting from other peoples misfortunes.

Of course, the only honest way to earn value is to create it.

Every person has some demand, and every person has some ability that can fill another persons demand.

If a perfect global, ultra connected market is established (which it is, with all these wonderful decentralized technologies + internet), then capitalism will ascend to another level.

Because only many entangled global voluntary markets can create a peaceful human society.

Greed makes sure this never happens ... wanting to be ahead of peers and acquire more wealth than them.
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