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Topic: Economic Totalitarianism - page 111. (Read 345738 times)

legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
June 24, 2015, 01:57:51 AM
Networks can grow. And you don't think when the GUI drops this thing isn't going to grow?

It's .50 cents a coin and can be mined on gpu, it has a much, much, much better chance of being more widely distributed than Bitcoin does.

It may have upside within the crypto community still. But beyond that, IMO I don't see it yet (unless something changes that I am not aware of), but everyone is entitled to their own appraisal.

There is also a real risk that Monero will be replaced by Blockstream's Confidential Transactions.

Confidential transactions are fine (despite the added steps) as long as they are left in the sc, it is the gateways that cause the problem.

Monero must grow in liquidity and network, but the core is there. Ct's are not a core application. To put it simply, "Why would I want to use a gold into cash system when there is a perfectly good cash for cash system in place? The "one-coin-to-rule-them-all" argument would stand if Bitcoin wasn't so damn inept at being cash.

I guess you gave up on making your own coin and are one of Bitcoin's lackeys now. Maybe they'll give you a nice sidechain for your efforts.

The Monero whales own more BTC than XMR. They've said that if their effort causes anonymity to be built into BTC, then their goal was accomplished.

That's not true if 1 xmr = 1 xmr and 1 untainted btc = 1 untainted btc. We're trying to replace the dollar, remember?


sr. member
Activity: 420
Merit: 262
June 24, 2015, 01:46:35 AM
Networks can grow. And you don't think when the GUI drops this thing isn't going to grow?

It's .50 cents a coin and can be mined on gpu, it has a much, much, much better chance of being more widely distributed than Bitcoin does.

It may have upside within the crypto community still. But beyond that, IMO I don't see it yet (unless something changes that I am not aware of), but everyone is entitled to their own appraisal.

There is also a real risk that Monero will be replaced by Blockstream's Confidential Transactions.

Competition is good, as it encourages better outcomes.

The Monero whales own more BTC than XMR. They've said that if their effort causes anonymity to be built into BTC, then their goal was accomplished.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
June 24, 2015, 01:37:01 AM
Not going thread hopping.

Don't expect me to repeat everything again. You can go read and become smarter if you want. Your investment decisions will be affected by this knowledge.

Monero can be 50% attacked for example, because it isn't as popular as Bitcoin.

Monero can't become popular because it isn't distributed to the masses.

Networks can grow. And you don't think when the GUI drops this thing isn't going to grow?

It's .50 cents a coin and can be mined on gpu, it has a much, much, much better chance of being more widely distributed than Bitcoin does.

Unless Bitcoin can be fungible, untracable, and unlinkable at the core, it will never be cash. It can't be put any simpler than that--now go make some convoluted argument otherwise.
sr. member
Activity: 420
Merit: 262
June 24, 2015, 01:33:25 AM
I can't be bothered to do it for you.

No need.

Sorry your Monero vested myopia is very clear.

It is sad how much politics causes us humans to retard production.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
June 24, 2015, 01:32:26 AM
Not going thread hopping.

Then you will remain ignorant.

Don't expect me to repeat everything again. You can go read and become smarter if you want. Your investment decisions will be affected by this knowledge.

Don't expect people to read every post you write on multiple threads--you aren't that interesting. Either get the argument in one place or create links to the entire discussion. If you can't be bothered to do this, I can't be bothered to do it for you.
sr. member
Activity: 420
Merit: 262
June 24, 2015, 01:26:58 AM
Not going thread hopping.

Don't expect me to repeat everything again. You can go read and become smarter if you want. Your investment decisions will be affected by this knowledge.

Monero can be 50% attacked by the DEEP STATE for example, because it isn't as popular as Bitcoin. (But no need to do that if it isn't anonymous and or will die economically anyway, which in my rough observation looks like a possibility not a certainty)

Monero can't likely become popular because it isn't distributed to the masses. Rpietila is working on that game.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
June 24, 2015, 01:24:02 AM
I'm saying it won't work without...

What won't work?

Any coin that doesn't perform the three functions (fungible, untraceable, unlinkable) won't work as a cash no matter how you distribute or cap it.

Yes, but I am saying that any coin that doesn't distribute itself as "free money" to the masses, won't remain viable (for several reasons, please review what I wrote at the other thread carefully) and thus those three qualities won't be sustained if the distribution is not correctly done.

Not going thread hopping. My point is that I think what you wrote is a sideshow to the important properties and "free" money isn't as important as motivated money. The state forced citizens to use money. A new money must perform the same valuable service that cash does and let their primal selves motivate them to use it or it won't last. Dark markets created Bitcoin, and once people started realizing it wasn't cash, the demand faltered. And now everyone hopes that it can be made useful by sidechains or as a investment vehicle.

Who cares if a currency is free if I can't effectively pay a camgirl without my wife's divorce attorney finding out? Do you really think people are that much dumber than you and can be tricked into accepting a currency that isn't useful as cash as cash? Necessity is what will make or break a currency and I don't need a free coin; I need a useful one.
sr. member
Activity: 420
Merit: 262
June 24, 2015, 01:10:56 AM
I'm saying it won't work without...

What won't work?

Any coin that doesn't perform the three functions (fungible, untraceable, unlinkable) won't work as a cash no matter how you distribute or cap it.

Yes, but I am saying that any coin that doesn't distribute itself as "free money" to the masses, won't remain viable (for several reasons, please review what I wrote at the other thread carefully) and thus those three qualities won't be sustained if the distribution is not correctly done.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
June 24, 2015, 12:58:38 AM
I'm saying it won't work without...

What won't work?

Any coin that doesn't perform the three functions (fungible, untraceable, unlinkable) won't work as a cash no matter how you distribute or cap it.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
June 23, 2015, 11:06:18 PM

Hard money is a delusion.

What you really want is soft money that is decentralized and thus remains permission-less (censorship-free).


I'd argue what you are talking about here is a need for cash, or least the symbol of cash. And decentralization alone isn't enough to create an ecash. It has to be fungible, untraceable and unlinkable. Bitcoin's only fungible as long as you can guarantee your wallet won't become blacklisted, and as the tracking tech gets more and more sophisticated, this becomes more and more of a crap-shoot.

If I'm a "cash only" mom and pop restaurant who relied on a loan from an underworld organization to secure my business and need to pay restitution to secure my business and myself, am I going to risk using a currency that can be used to reveal all my tax revenue (credit) or (cash) one that lets me keep a profit over what I pay to my Bosses--the Mafia, the Yakuza, my kid's College Loan Syndicate?

You have to remember that most small business owners aren't technologically sophisticated and cash fills a very pertinent need in their lives. They aren't going to get a degree in sidechains or mixers or tumblers in order to perform their daily business--especially when those things still have a risk of tainting their accounts when the best of practices are followed.

The $ symbol exist and a lot of people want a digital equivalent, and BTC won't fill that demand until it is in the core. Right now  BTC symbolizes Behind Bars or worse....

I am saying that for as long as loaning money and charging it to the sovereign debt-fiat backstop (i.e. the Logic of Collective Action) is the easier way for the masses to get "free money", then all attempts at non-free money will be subsumed by that aforementioned paradigm which inherently concentrates power.

For example, the 50% attack on PoW.

So that is why if you are going to succeed, then your perpetual debasement must be high enough to compete, then you need a way to give this away (distribute it) to the masses that can't be gamed such that it really is taken by the wealthy.

I solved this design problem finally!

I'm saying it won't work without being cash, because tptb have always relied on keeping crime in check by having a cordial relationship with the underworld and the underworld needs cash to function. It's a subtle dance that has been played out since the Romans (at least since then), and has kept societies functional. I'm saying you can't have a cash that only works for the good guys and doesn't work for the bad guys. BTC isn't cash and even the banks can give the "bad guys" a better version of almost cash--do you think those guys don't get prosecuted because they aren't doing what the government wants? Please-- Roll Eyes Even if they run the government, it is still what the government wants.
sr. member
Activity: 420
Merit: 262
June 23, 2015, 10:46:11 PM

Hard money is a delusion.

What you really want is soft money that is decentralized and thus remains permission-less (censorship-free).


I'd argue what you are talking about here is a need for cash, or least the symbol of cash. And decentralization alone isn't enough to create an ecash. It has to be fungible, untraceable and unlinkable. Bitcoin's only fungible as long as you can guarantee your wallet won't become blacklisted, and as the tracking tech gets more and more sophisticated, this becomes more and more of a crap-shoot.

If I'm a "cash only" mom and pop restaurant who relied on a loan from an underworld organization to secure my business and need to pay restitution to secure my business and myself, am I going to risk using a currency that can be used to reveal all my tax revenue (credit) or (cash) one that lets me keep a profit over what I pay to my Bosses--the Mafia, the Yakuza, my kid's College Loan Syndicate?

You have to remember that most small business owners aren't technologically sophisticated and cash fills a very pertinent need in their lives. They aren't going to get a degree in sidechains or mixers or tumblers in order to perform their daily business--especially when those things still have a risk of tainting their accounts when the best of practices are followed.

The $ symbol exist and a lot of people want a digital equivalent, and BTC won't fill that demand until it is in the core. Right now  BTC symbolizes Behind Bars or worse....

I am saying that for as long as loaning money and charging it to the sovereign debt-fiat backstop (i.e. the Logic of Collective Action) is the easier way for the masses to get "free money", then all attempts at non-free money will be subsumed by that aforementioned paradigm which inherently concentrates power.

For example, the 50% attack on PoW.

So that is why if you are going to succeed, then your perpetual debasement must be high enough to compete, then you need a way to give this away (distribute it) to the masses that can't be gamed such that it really is taken by the wealthy.

I solved this design problem finally!
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
June 23, 2015, 10:30:09 PM

Hard money is a delusion.

What you really want is soft money that is decentralized and thus remains permission-less (censorship-free).


I'd argue what you are talking about here is a need for cash, or least the symbol of cash. And decentralization alone isn't enough to create an ecash. It has to be fungible, untraceable and unlinkable. Bitcoin's only fungible as long as you can guarantee your wallet won't become blacklisted, and as the tracking tech gets more and more sophisticated, this becomes more and more of a crap-shoot.

If I'm a "cash only" mom and pop restaurant who relied on a loan from an underworld organization to secure my business and need to pay restitution to secure my business and myself, am I going to risk using a currency that can be used to reveal all my tax revenue (credit) or (cash) one that lets me keep a profit over what I pay to my Bosses--the Mafia, the Yakuza, my kid's College Loan Syndicate?

You have to remember that most small business owners aren't technologically sophisticated and cash fills a very pertinent need in their lives. They aren't going to get a degree in sidechains or mixers or tumblers in order to perform their daily business--especially when those things still have a risk of tainting their accounts when the best of practices are followed.

The $ symbol exist and a lot of people want a digital equivalent, and BTC won't fill that demand until it is in the core. Right now  BTC symbolizes Behind Bars or worse....
sr. member
Activity: 420
Merit: 262
June 23, 2015, 06:41:55 PM
We must fix the internet so as to maintain the fundamental End-to-end principle. The designers forgot to build Tor into it when they designed it. And Tor has serious flaws; most importantly it can be Sybil attacked.
Tor has been praised for providing privacy and anonymity to vulnerable Internet users such as political activists fearing surveillance and arrest, ordinary web users seeking to circumvent censorship, and women who have been threatened with violence or abuse by stalkers. The U.S. National Security Agency (NSA) has called Tor "the king of high-secure, low-latency Internet anonymity".

americanfolklore.net/folklore/2010/07/brer_rabbit_meets_a_tar_baby.html

https://blog.torproject.org/blog/thoughts-and-concerns-about-operation-onymous

https://blog.torproject.org/blog/hidden-services-need-some-love

https://www.google.com/search?q=Tor+correlation+attack

https://www.google.com/search?q=Tor+sybil+attack

https://www.google.com/search?q=Tor+exit+node+attack

https://en.wikipedia.org/wiki/Tor_%28anonymity_network%29#Exit_node_eavesdropping

Furthermore, Egerstad is circumspect about the possible subversion of Tor by intelligence agencies:[101]

   
Quote
If you actually look in to where these Tor nodes are hosted and how big they are, some of these nodes cost thousands of dollars each month just to host because they're using lots of bandwidth, they're heavy-duty servers and so on. Who would pay for this and be anonymous?
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
June 23, 2015, 02:43:12 AM
We must fix the internet so as to maintain the fundamental End-to-end principle. The designers forgot to build Tor into it when they designed it. And Tor has serious flaws; most importantly it can be Sybil attacked.
Tor has been praised for providing privacy and anonymity to vulnerable Internet users such as political activists fearing surveillance and arrest, ordinary web users seeking to circumvent censorship, and women who have been threatened with violence or abuse by stalkers. The U.S. National Security Agency (NSA) has called Tor "the king of high-secure, low-latency Internet anonymity".

americanfolklore.net/folklore/2010/07/brer_rabbit_meets_a_tar_baby.html
sr. member
Activity: 252
Merit: 250
June 23, 2015, 02:04:22 AM
We must fix the internet so as to maintain the fundamental End-to-end principle. The designers forgot to build Tor into it when they designed it. And Tor has serious flaws; most importantly it can be Sybil attacked.
Tor has been praised for providing privacy and anonymity to vulnerable Internet users such as political activists fearing surveillance and arrest, ordinary web users seeking to circumvent censorship, and women who have been threatened with violence or abuse by stalkers. The U.S. National Security Agency (NSA) has called Tor "the king of high-secure, low-latency Internet anonymity".
legendary
Activity: 2912
Merit: 1852
June 22, 2015, 10:29:14 PM
...

FATCA is a beautiful example of Economic Totalitarianism.  If the US .gov wants your money, it is getting harder to keep it away from them.  I have not heard of any overseas banks welcoming deposits of Americans.  None do in Peru.  Maybe there might be handful in rogue states (?)

FATCA was designed for just this: to corral Americans, nicely put TPTB.  There is no question that the USG pushed this onto banks around the world, thereby demonstrating plenty of power.

*   *   *

trollercoaster

Another example of USG power abroad.  Touché!
sr. member
Activity: 420
Merit: 262
June 22, 2015, 06:40:49 PM
Nope, it is confirmed there is no global elite.

http://armstrongeconomics.com/archives/33771

Greece’s former representative to the IMF, Panagiotis Roumeliotis, testified in front of the special parliamentary committee concerning the outstanding Greek debt. He revealed that the IMF has been training journalists to support the Trioka.

Roumeliotis testified:

    “The IMF trained [journalists so that] Greek journalists can promote the positions of the IMF and the European Commission in Greek media.”
sr. member
Activity: 420
Merit: 262
June 22, 2015, 10:15:37 AM
On a different topic...I don't recall if you said you had MS or ALS.  In either case, I do recommend the following information if you've not run across it already.  Garth Nicolson:  weaponized mycoplasmas - snowshoe films.

https://www.youtube.com/watch?v=sT25HhAVhhU

This Nicolson guy gives every indication of being for real and knowing his shit.  I seeked around for some other material to verify this and did so successfully.

I personally am a gulf war I vet and I can tell you we got a ton of shots.  I never felt that they did me any harm and for a long time I wrote off the complaints as being from whiners.  Now not so much.

Until I saw the guys presentation I was not even aware of the organisms known as mycoplasmas and I pride myself on being aware of such things.  Just from a science point of view the presentation is quite interesting.  A decent way to kill an hour.

I stopped at 18:35 where he mentions the 20 - 30 vaccines that troops receive over a 2 - 3 day period. I personally know of people that served in Iraq and who are loaded with autoimmune disorders. And my best friend and running partner from high school, Blaine Holman, died of brain cancer in 2009 at the ripe age of 44. He reached Lt. Colonel in the USAF. My father was the well connected attorney who got him a Congressman's endorsement to the USAF Academy.

In my case, I think I acquired my problem derivatively via sexual transmission, but also I pretty much destroyed my gut bacteria by dosing frequently with antibiotics such as Metronidazole and being on the computer too much is probably another factor.

What I suggest to you now as an immediate precaution, is make some fresh salsa lightly seasoned with sea salt (no iodine) and instead of putting in the frig, put it in a glass jar submerged in its own juice (lime or lemon added) for 2 days to populate it with the wide array of good bacteria that can not be obtained via probiotic supplements.

My research reveals that the good bacteria are the critical factor in maintaining good health against the threat of chronic illness.

I am 2 weeks into the this new fermented salsa routine and it appears to have radically boosted my energy level. The past 3 days I slept very soundly and only needed a modicum of sleep and my head was mostly clear of the usual brain fog and fatigue.

I urge you to do this immediately to nip any chronic disease in the bud so to speak, before it gains a foothold as it has in my case.

Btw, I am sincerely trying to develop solutions for cryptocurrency and I should probably go quiet. I think the proof is in the pudding and if I want to make an impact (along with the work that others are doing such as Blockstream of course) then I need to shut up and be a programmer and not a forum iconoclast/educator/antagonist.

I hope we have sufficient core of people who are willing to evaluate cryptocurrency logically over the coming months and year, and so we can hopefully get the best outcomes.
sr. member
Activity: 420
Merit: 262
June 22, 2015, 09:24:06 AM
Because scientists are not Truther-idiots and do not believe that changing the composition of the atmosphere does not lead to a change of the climate. One has to be an ideologue or an idiot to spread such formulas.

Holly mother of fucktards, you were thoroughly debunked upthread on the science of the matter and you come back for sloppy seconds. Slurp.

You are not debating. No. You are obfuscating with political noise in a contest of who can filibuster the thread long enough to bury what was already argued beyond any reasonable doubt.

And it was pointed out to you that at least 33,000 scientists (and 9,000 PhDs) signed a petition (many years ago and this number has surely swelled as much as Cypherdolt's head interim) attesting to the junk science of the other "scientists" who have been bribed to fabricate erroneous temperature data (and yet the temperature decreased so much they had to stop reporting it, then they changed their propaganda to "man made global cooling") and ignore basic scientific facts.


New poll above reminder.

tvbcof's troll poll with a similar result.

Actually I suggested (and didn't receive a further reply) to Gregory Maxwell in a very brief private exchange that they recognize that 2/3 of the "voters" (have been mind controlled by Gavinmike + Cypherdolt and) would incorrectly think that Blockstream is against "progress" and thus they should stop resisting (bad for their PR) and try to maintain some position on the technical implementation helm of Core long enough to complete their side chains work to make alternatives available before those greater fools destroy Bitcoin Core.

They know damn well that pegged side chains are inevitable regardless of whether the block size is increased or not, and they are just very concerned that there won't be any Core remaining to be a side chain of, after the greater fools have their brutish way. But please do not cite that as a quote of anyone other than myself because I have inserted my own colorful language.


And I view that example as a failure of US economic policy. Instead of the banks accepting those US customers and spying on them as originally intended, those foreign banks are doing the opposite of what the USG wants. It's rejecting those customers outright which makes their actions go dark as they figure out work arounds.

In effect,  the USG is losing its influence abroad.

How does forcing its own citizens into a corral correlate with USG losing its influence?

Clearly the policy was intended to shut off the escape routes for the citizens to escape tracking by the State, thus the refusal to accept US citizens is exactly what was intended.

The DEEP STATE in charge of the global NWO plan are squeezing the people of every nation between a Troika of powers, USA, China, and Russia.

And you are included in that squeeze. If you think they cut out a special deal for you, then you will learn how they turn on you when they done using you.

How does the fact that the USG's legislation and enforcement was able to have any effect whatsoever on the policy of banks which are not under the legislative jurisdiction of the USA territories, imply that the USG is not able to exert legislative impact outside its territories.

If you want to argue that the USG has not foisted global legislation on world, then you must show that their actions were ignored.

The FATCA law wasn't ignored. It was so feared that every government and bank around the world either implemented strict reporting requirements against or refused service to US citizens (even those who are dual citizens of their country where the bank is domiciled).

Arguably, the act of refusing service to its own citizens (not just US citizens) and to any people of this world, is a contributing factor driving the velocity of the money into the toilet and will cause a global collapse into economic desolation greater than anything any person living today has ever experienced.



The pitiful display of illogic in this thread is an exhibit of gross ignorance.
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