Topic: Economic Devastation - page 41. (Read 504822 times)

They dont care for privacy eh? Who are the elite you refer to btw?

I dont think the elite care about privacy.


They are hoarding those too, they are well hedged and hoarding anything from fine art to gems, to metals, to cryptocurrencies.

They have a portfolio and the % allocation in each asset depends on the macroeconomic enviroment. But I guess hard assets & commodities make up most of their portfolio. I would be a miracle if they have more than 1-2% in bitcoin.

http://www.forbes.com/sites/robertwood/2015/12/04/irs-power-over-passports-signed-into-law/

PASSPORTS 50k SOMETHING SOMETHING DEVASTATIozn

what does this mean, I have a sense of what it means negative interest rates etc but id feel better if I hear it from you guys.

Well we aren't sure that it is specifically Bitcoin that they are hoarding, it could be anything from silver to gold, platinum to palladium, even property or other hard assets. Maybe they're even buying infrastructure that they can use after all the companies collapse as their assets become worthless. Who knows.

I will say that a lot of the companies that use Bitcoin will likely be among the survivors of a fiat collapse, but we have no computer models to simulate this, so it is all just speculation.

I want to use more from the fiat systems as a means of gathering more physical materials, and well, having more to utilize after the system inevitably collapses. Who doesn't. But the issue is that Bitcoin is not necessarily an end-all be all for economics after a collapse; sure it will increase dramatically in value, but there will be even fewer people that would be able to use it if Bitcoin was to spike to $1m/$2m a coin.

If they are buying Bitcoin, then I think they don't get it, because Bitcoin has no end-to-end principle privacy capabilities. I am speaking about an altcoin that will have those capabilities.

They know that that is why they are buying bitcoins. However they would also like to stall as much as possible to aquire more from the fiat system before it collapses.

You have to understand that the elite are not dumb, they are well hedged for any type of disasters.

However this will be positive for bitcoin, since the opportunist and sharp-eyed elite already hold bitcoin, while the not so bright elite don't. So when the game collapses, they will quickly hoard as much bitcoins as possible.

If that will come then a 1-2 million $ / bitcoin is also probable.

I`m from europe but we have the same shit here.

Young people fell for change bullshit, because they have no hope for the future in minimal wage jobs, and debt upon debt to survive.

The old guys are already numb and dont have anything to do, so they fell for default for the trap.

Therefor politicians target the younger age people more than the old ones.

My advice to ANYONE would be to spend less and diversify your investments.  Bitcoin counts as an investment, but I would not hold more than 1% - 3% in BTC.

Consider a small investment on in gold too.

*  *  *

Um, the younger voters voted in Obama..........  Fell for "Hope and Change".  Yet Obama has added more debt than ALL the past Presidents in history combined...  

Free Stuff, the oldest political trick in the book.  LOL, and just wait for your insurance premium rate increases coming soon.

But, the Republicans have shown NO SPINE in stopping him.

Hahaha by leaving them quadrillions of public debt on their shoulders, and 80% taxes with bank bailout-bailin series coming around the corner.

Not to mention a ponzi scheme pension system that they will have to pay for.


I`m sorry but the old generation folks really fucked up (the ones that are 50+ right now), by letting this fiat ponzi so far.

Astute. You describe some of the unique features I am designing into my "altcoin".

I may no restate my opinion that anonymity is not a priority for a currency to found the knowledge age upon, as actors would wish to create and sustain fame.
What it needs from a crypto as production entities get smaller in size and more networked is a way to orchestrate contracts with auto-orders and auto-payments that are triggered demand-side and are transmitted over a "contract-network".
Its the only way to make the jump to decentralized production, otherwise vertical and huge corps will still have the edge.

I am doing a readme soon.

But not not a web based cert.. ssl certs are stupid cause the ones that are signed which windoz accepts as valid are all derived from a root ssl cert that nsa probably controls or atleast can coerce and boom every ssl site is readable.

These are general provable and auditable certificates with the ability to encrypt data associated with that cert to the public/priv key that controls the certificate. You can transfer or edit them and only you can view them unless you open up abd remove private option.


from the website:

"Using the cryptography of the blockchain; Issue, authorize, and exchange digital certificates of any kind. With Syscoin anyone can register as a certificate issuer and issue provably-unique certificates with content of any kind to one or multiple parties on the Syscoin blockchain. These certificates can be authenticated by anyone via Syscoin’s cryptographic proof of work.
 
This allows for the creation and free exchange of a any kind of digital asset such as ownership certificates, warranties, receipts, tickets, certifications, diplomas, software licenses."


So it kinda follows your methodology of everyone being able to see a certificate exists even who owns it which points to a canonical name in a syscoin alias so its easier to understand than keys and then an exchange of data through certificates or messages that are private with only access given to whom the owner chooses.

+1


He should have a readme file if he doesn't already.

I believe the purpose of his work is to make it so you have a traceable HTTPS (TLS/SSL) certificate for a secure website which the NSA can't evesdrop on unless the authorities have issued a demand for your private key. It is well known that the NSA has probably backdoored most major HTTPS certificate companies, so they can snoop on encrypted traffic on the internet.

A certificate is an authority which says you can trust that the stated public key is the entity it claims to be.

I should explain more technical details of that to you, but I don't have the time to type it up.

P.S. now you know how I feel when I encounter math notation that I am not familiar with. Arghh. I can easily understand the concepts, but the notation is the barrier. I have been gradually pulling myself back up to speed on math notation, remembering some that I had forgotten (e.g. from Linear Algebra) and learning that I hadn't studied (e.g. that which comes from higher maths in number theory and algebraic geometry).

I always experience a twinge of annoyance whenever I see a link like this.
Hey check out my cool idea.
Click link... Critical Error ... You lack the skills necessary to continue.

I strongly suspect that when I am 80 people like me will be like the old folks of today who cannot figure out email. Coding appears well on its way to becoming a basic primary skill alongside reading writing and arithmatic.

For us older "illiterate" folks in established careers the best approach to this problem is likely an acceptance of our pending obsolesce coupled with an investment in our children and grandchildren.

I put my kids in the following program.
https://www.codingwithkids.com/#

Hopefully those that are sane have already renounced their citizenship.

Otherwise they get what they asked for, all their capital will be stolen, while they are begging for more "democracy"

They should call their representatives and complain about this

How pathetic...

I also agree with anonymints recent line of thinking and thats what led me to code up private certificates with provable ownership and history with encrypted data to your public key!

Check out my implementation https://github.com/syscoin/syscoin/blob/devstaging-servicesync/src/cert.cpp

Thank you for appreciating my realizations. Then you'll probably find these excerpts of my follow-up appealing as well:


Btw, I published a mini-"research paper" today (not a very math heavy or innovative one, rather mostly just an aggregation of data in one concise presentation with some of my insights).

I strongly agree with your recent line of thinking especially the parts I selectively highlighted above.