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Topic: Economic Totalitarianism - page 124. (Read 345758 times)

sr. member
Activity: 420
Merit: 262
May 10, 2015, 01:40:07 AM
And you wonder why I don't try?!

Wow, this thread just went full retard (Simple Jack).

WTF! is wrong with you?   Angry

I will kick your ass in spite of my illness.  Angry

I made extensive and important ontopic posts upthread and there is also a human element to development too. Where the fuck is your humility and compassion?

Wow, this thread just went full retard (Simple Jack).

I apologize for going off-topic.

No you don't have to apologize to that snot fuck. Why do you let him brow beat you and use peer pressure to lower your sensibility and humanity?

Call him out instead. Embarrass him for his lack of human spirit.

I'm sorry to hear about the MS. A colleague of mine had a spouse with MS and I saw the effects in her last few years. I'm having trouble making logic of the comment you make in the thread you just linked, however.

...

I'm having trouble with those 2 bolded statements in particular. I'm trying to imagine being 50 years old, having MS, and running a sub-5 second 40 yards... and I just can't.

I apologize in advance to other readers to introduce so much personal information into the thread (and surely you know I take a great risk that none of you are willing to take by putting your real photos in public!! I avoided this for 2 years!!), but perhaps it is necessary this one time in order to clarify a few points. So let's try to make it once only.

I have always been a jock or athlete, in addition to being a nerd or hacker of sorts. It is rarer combination, but I am not the only one of those. For example, I had a friend and competitor Brad from Bevelry Hills H.S, who had higher SAT scores than me and he beat me in the 800 meter race (the 2nd time, I won the first meet). I think he went on to do something more mainstream than hacking, but I didn't keep in touch. In high school, I ran a sub-4:30 mile, sub-16 min 5K, 35 minute 10K (on a whim and not in best trained shape), yet I also ran 4.5 second 40. For most of my youth, I was in American football (my natural sport since age 5), then I shifted to XCountry and Track when I moved from my birthplace New Orleans, LA to Culver City, CA in 1980. My athleticism is more focused in power and not endurance, but I did the endurance sport because I was in love with the social aspects (running from Culver City to Hunnington Beach and watching the sunset, etc) of it at that age and also I like different challenges and experiences. Frankly I never reached my peak potential in endurance running, because I had too many nerd distractions such as creating WordUp in the mid-1980s which was one of the world's earliest full-feature WYSIWYG word processors.





Here is a pic of myself in 1993-1995 when I worked on what became now Corel Painter:



In 1999, I was at the peak of my career with CoolPage running up to 335,000 published websites users (million or so downloaded copies) and athletically I was in incredible shape. See photo below on the day (Dec. 1, 1999) I was attacked and lost vision in my right eye.



After that my personal life went into disarray and I'd rather not mention all the details out-of-respect for the other party involved.

By 2004 or so, I had recovered physically and emotionally, and in 2005 I started to realize there was a problem in the global economy (my suspicions had started with 9/11) and had discovered gold, silver, etc..




In any case, in 2006 I believe I was infected with a high strain of the HPV virus, and I believe that was a strong contributing factor to my decline thereafter. I still was able to run and even got 2nd place in my 35+ age group for 5K, but it wasn't the same. I didn't have the same oomph and endurance. But it wasn't yet debilitating, just a reduction in my performance. Yet from 2006 to 2010 or 2011, I was still able to pretty much go in the gym or any athletic activity and perform with a lot of power and speed. The deleterious effects up to that point were mainly sustaining energy and endurance and recovery time the next day.

In 2010 or 2011, my feet started to swell, tinnatus in my ears, severe cramping, etc.. The neuropathy had kicked into high gear. You can see the severe eye bags on me in 2010 in the following photo yet also notice how muscular I am (more so than in my 20s).



By 2012, I was hospitalized for h.pylori infection, and after that my body went into a tailspin.

Yet through most of this, I didn't lose my speed and power, except starting around 2013/14, I started to lose power especially on my left side. And in 2014 it was getting so bad that I was getting very desperate. I suppose due to my lifelong athleticism and my continued attempts to fight the M.S. with athletics, I was able to sustain longer than others do with the illness, but yet I was succumbing to it.

But you can see even in this pic in 2014, I was still athletic even though I was struggling every day with debilitating symptoms, I just have incredible will power because of of the long distance running I did over the years where I had to endure extreme pain as a matter of sport and competition:



On my other computer I have photo that shows my face covered with welts and extreme fatigue that was taken also in 2014. Sorry I didn't take many photos of myself when I was feeling horrible. I took photos on those days where I had a burst of energy. M.S. is relapsing thus there can be a good day out of a month. And I would go full blast athletics on those rarer good days.

I had noticed that in all the remedies I had experimented with, only the high dose vitamin D3 that I had tested for 1 week in 2012 (and again for 1 week in 2013) had on both occasions eliminated most if not all of the ill health symptoms. But I was afraid to continue that high dosing of vitamin D3 due to risks of kidney damage. So then my M.S. worsened.

Around the end of March, I got into a horrendous argument with my mother because she expressed no sympathy for what I am going through. I got so pissed off, I felt I didn't care any more if I destroyed my kidneys and I was tired of being this fucking whining ass loser that I become relegated to that my mother could look down on me, when in fact I had accomplished much more in my life (before allowing my life to get involved with the wrong people and venues which lead to my downfall).

My mom and I on better days back in 1995:



So I redid the research on the vitamin D3 and found much  more information than in 2012, such as video from the Brazilian neurologists (graduated and interned in the USA) and his claims on curing 95% of 3000+ M.S. patients.

So I decided to renew the vitamin D3 treatment and sustain it, hell or high water.

And thus far, it is working reasonably well and I have a lot more energy and have been working up to 18 hours daily lately. Unfortunately my M.S. got much worse since 2012, thus the vitamin D3 is not giving me the complete cure in 1 week as it appeared to do before. But the quality of my life is drastically improved already and I am hoping for continued improvement.

So back to your main contention, even when I had these horrendous symptoms 2012 - 2015, I would still force myself with superhuman willpower to go out and exercise hard and I could still run fast or do some power activity, but I could not sustain it long. My sprints dropped from 10 x 150 meters to 1 or 2 x 150 meters.

Since I got on the high dose vitamin D3 (since April 1 at least), my endurance and energy is rising. One day I did 350 pushups, then immediately 8 minutes for 2 kms, then 4 x 150 meters sprints. It is no where near what I used to be able to do and what I am sure I could still do if I wasn't sick, but it is a significant improvement and I am grateful.

My problem right now is I am in a financial stress, because my savings is held by a precious metals dealer and they can't seem to give it all to me. They dole it out a little by little and I am afraid they may stop. And thus I am surviving with very little cash cushion.

And I am diverting my energies onto to projects (hoping to raise cash more surely and quickly) which are much less important than what I think I could probably contribute in crypto.

P.S. when I was 26 I looked like I was 16. The following pic was taken in New Orleans in 1991.

sr. member
Activity: 420
Merit: 262
May 09, 2015, 11:15:32 PM
Don't say I haven't tried!

The objective is to prevent the sybil nodes from controlling propagation of transaction, block and consensus propagation.

That is the Achilles heel of your current consensus design. You will eventually have to abandon it and move to my solution. We should be synergizing, because my solution was inspired by the discussions we had upthread.

https://bitcointalksearch.org/topic/m.11327393

(read my posts from the linked post to end of page 1193)

Also for all your impressive technical prowess, it won't help you solve the marketing hurdle that no altcoin has surmounted. You need my combination of design, marketing, and coding skills. But can our egos co-exist?

Skycoin, seriously it is time to stop messing around. Why are we not working together?

Before I asked you to have a discussion on BitMessage but you did not engage. I am making one more attempt to ping you.
sr. member
Activity: 420
Merit: 262
May 09, 2015, 09:41:21 PM
yes, why not use that 51% of power to mine 51% of the BTC rewards plus fees which is a guaranteed calculable process?

why instead would they perform a 51% attack to double spend a cup of coffee at a retail store?

As for the Sybil attack, it seems pretty outlandish to imagine all that conspiracy stuff going on just to mess with the network once, lose the opportunity to do so again probably forever, and not actually succeed in destroying Bitcoin anyway. Not to mention this would ideally (for the attacker) have to be actual hashing power in hand, not a pool.

The DEEP STATE doesn't want to double-spend nor destroy Bitcoin. That is myopic, childish thinking. They have $trillions already (admitted on national TV by for Head of D.o.D. Donald Rumsfeld on the eve of 9/11). What they want is control and to enforce the legal bullshit they enact with their control over government. They can use the Sybil attack to force you to submit your identification when you submit a transaction or to delay or blackout transactions from people who challenge their totalitarian grip on power over the NWO and the inevitable one-world reserve currency regime coming.

Bitcoin is part of the grand plan for Global Technocracy and total top-down digital control. And it is a marvelous success. You suckers are falling for it.

And of course there's a nicely generalizable argument that even managing to destroy Bitcoin just allows any of the myriad other networks to adapt based on the attacker's strategy and come back meaner than Bitcoin ever was. It's not a viable strategy: a decentralized swarm can cycle the OODA loop far faster than any centralized entity.

I do agree and believe this is the Trojan horse planted by the engineers who created Bitcoin knowing full well that the DEEP STATE would commission others to do it if not them, so they might as well enable the possibility for us to upend Bitcoin.

And damn, I am going to (attempt to) do just that! (especially if I can get some minimal financing to cover my meager expenses so i can work full-time on crypto)

Add: actually I don't want to upend Bitcoin. I just want to provide an alternative that has a compelling use case as well fixes the centralization hole in Bitcoin. I do think Bitcoin will spread out to the masses, regardless of anything I do. I am leveraging Bitcoin as a reserve currency for the altcoins and thus I don't need to disparage Bitcoin for that role. I am not unrealistically trying to stop the inevitable one-world reserve currency new order, rather I am trying to find a way to co-exist with it and maintain my personal liberty.


Therefore we can conclude that the only entities who could do this would not be motivated by profit and not fear legal responses.  But much cheaper and easier for those entities to declare bitcoin illegal.

Laws are impotent (and nullified) if they are unenforceable. Example, an anti-jaywalking law for isolated rural dirt roads.

The Sybil attack vector is another facet of enforcement and control. The Sybil attack vector is also the historical modus operandi profile of the banksters because they love to have a paradigm where the masses believe the ideology ("one CPU, one vote", "decentralized mining") yet the truth is they insidiously and covertly control the strings behind the curtain.


He's just jealous

There are much more enjoyable vocations I would rather be doing than this shit, like hanging out at the beach at my advanced age with a beautiful lady or raising a family (I am 50 but said I look 30s face and body despite the Multiple Sclerosis). Instead I slog away because I don't want to live in a totalitarian world with no options coming Orwellian global economics collapse starting in earnest 2017 or 18 (with initial effects in at least Europe starting October, 2015).


Here's a thought about Gmax's "big block attack" where powerful miners try to eliminate their competition by producing very large blocks that the smaller miners can't handl...

are you sure (bolded part)? the bigger the network bandwidth, the faster a bloat block constructed by an attacking large miner would propagate thus increasing their chances of tormenting smaller miners.  conversely, the smaller the bandwidth, the higher the latency and thus the higher probability of the bloat block being orphaned resulting in failure of the attack.

I'm very much not sure since I'm not familiar with mining technicals, but I think that's what I was saying: the lower the bandwidth in the network, the higher chance of failure of the attack...

Higher orphan rate favors the larger pools since they are going to be better connected and thus will mine the orphaned blocks less frequently. This is related to some of the points and math from the selfish mining paper.

Larger blocks = more centralization (whether it is covert or not is irrelevant). As I said, they can't get a solution without changing to my solution.

Perhaps some of you didn't see that I revealed my math on the solution to selfish mining in my refutation of gmaxell.

btw, shame on pwiullie and gmax for pushing this boogie man attack FUD.

Shame on you for conflating individual degrees-of-freedom with groupwise molasses inertia.
legendary
Activity: 2828
Merit: 1515
May 09, 2015, 08:58:00 PM
The idea of stiff economic control, in my opinion, is strictly to keep inflation down and prevent another economic crash. I would never call it "totalitarianism" because the fact is, we are pretty much free to do what we want with our money, invest it as we please, spend it as we please (for the most part) wherever we'd like. It's not something I am against as well. For the "greater good", if you will.

The Gyfts business (you launched?) is great example of the Knowledge Age.

Why are you convinced that a slide into financial repression totalitarianism isn't lurking?

I actually agree with some of your statements, but from a different Big Picture conceptualization. Yes we are free to avoid ZIRP (and NIRP) by avoiding passive investing and seek out the Knowledge Age investments such as your innovative Gyfts concept (did it prosper or fail?).

That has been precisely my point that the NWO morass is destroying itself, and we are free to sidestep it.

But my argument is that eventually we will need anonymity to continue to sidestep, because NWO paradigm is failure directed[1] and thus needs to parasite on the productive sector to the degree it will destroy the productive sector.

Edit: Perhaps I was mistaken about Gyfts. I thought I had seen a business that was offering to let people buy things on Amazon with Bitcoin.


[1] Sorry it won't prevent economic collapse. Inflation is not the threat. Rather it is massive deflation that threatens due to the $200+ trillion in global debt much of which is insolvent.


Well to be honest I was just thinking about fiat currencies. What totally went over my head was the control and regulation of Bitcoin. The IRS and US government entities are having a heart attack over Bitcoin and trying to regulate the hell out of it. Didn't even cross my mind, despite being on "Bitcointalk"  Roll Eyes  I do agree with you there is stiff economic control in that aspect.
sr. member
Activity: 420
Merit: 262
May 09, 2015, 07:53:35 PM
Something that's more interesting than the anonymint noise is the under-appreciated fact that Satoshi believed Bitcoin's profit incentives were so strong that even if an individual accumulated a majority of the hashing power their desire to be profitable in bitcoin terms would be so strong that they wouldn't use that power to attack the network.

Maybe he was right and maybe he was wrong, but the people who are insisting that Bitcoin mining is too centralized should at least start out making their arguments by acknowledging that position and explaining why they believe it is incorrect.

Yes, but profit based incentives only work if you assume the adversary is motivated by greed. Excepting a major technical failure or something better appearing, the only foes I worry about with respect to bitcoin already own printers - and they aren't afraid to use them!

Inspired to see you understood and/or agreed with my point, despite "Lol" slandering me in your prior post and not quoting or acknowledging that I had made the same point as you did in the post immediately before yours as follows.

Any way, I think the profit motive crap is total nonsense and I expect he [Satoshi] knew that. The pools don't have any large investment in hardware. Thus they are free to maximize revenue by any paradigm which does so, including collusion and selling out to the banksters who captured the State and the fiat levers. Economics rules, not morals.

Upthread I broke down the argument that the miners who own the hardware are in control. Sorry (in theory and maybe in practice already) the Sybil attack which are the pools is in control.

If you want to convince me that crypto isn't just another paradigm that falls right into the control of the problem we are trying to fix with crypto, then we need that fundamental tenet of decentralized trust.

The power held by the banksters who have captured the government through the power vacuum of the Iron Law of Collective Action, is not limited to printing money at the Central Banks. This DEEP STATE has the power to do 9/11, unmask 100s of Tor .onion hidden services, and more saliently to our discussion they can render competition insolvent with regulatory requirements they create with the government they control (i.e. democracy is a lie and a power vacuum, and I was making the analogy that pools are also).

If you want to defeat this paradigm, you are going to have to think more out-of-the-box, because it patently obvious to me they designed Bitcoin.

Regarding my design solution to this problem, once you see my solution you will have an epiphany and realize there are a gamut of choices of what we centralize and what we decentralize, and it is those choices which determine whether the crypto-currency falls into the power vacuum or not.

You can start by showing me some mutual respect, which I will then return in kind. Or not. It won't stop me in either case.

P.S. I seriously have Multiple Sclerosis. If you had any clue what it is like to battle this (debilitating headaches, dizziness, and chronic fatigure, etc), you might understand why I was incapable of a lot of coding action from 2012 to 2015, until I discovered what appears so far to be a viable treatment a month ago.


His entire argument about the security of multiple confirmations fails in the presence of concentration, since it relies on the premise of an attacker being a price-taker with respect to hash power. If he felt the profit motive of a majority miner were enough to render the system secure, he wouldn't bother with the probabilistic game theory. It is quite clear to me that the later is much stronger than the former.

That is an elegant way of arguing what is the more fundamental tenet or key aspect of Satoshi's contribution and invention, which was my point.

We also have to admit it was likely a ruse to suck us into wetting our ideological underwear and falling into the trap of a centralized public ledger Digital Kill Switch.


The question then becomes whether or not any technical solution is possible against attackers who have printers and aren't afraid to use them.

There is. I was very skeptical and had basically given up on finding a solution. But it turns out that I was thinking about the problem the wrong way. Paradigm shift epiphanies are like this. And of course the blinded won't believe it until you spell it out for them.

Wouldn't it suck to implement countermeasures against such attackers that not only won't work and also hinder legitimate use or, even worse, make attacks more likely instead of less likely?

Of course. But again I detect that you are likely playing politics and preparing to slander something again which is your past pattern of behavior.


The pools don't have any large investment in hardware. Thus they are free to maximize revenue by any paradigm which does so, including collusion and selling out to the banksters who captured the State and the fiat levers. Economics rules, not morals.

huge inconsistency in logic for someone who claims to be logical.  or maybe it's just from someone who lacks comprehension of how Bitcoin incentives work in practice?

so if the pools didn't invest in their hardware, then logically you're referring to pools that aggregate individual mining power.  if that is the case, how can pool operators freely collude and sell out to banksters or any other attacker when those same individuals can just as freely yank their power out of the pool and point it elsewhere as we saw in ghash?

Did you completely fail to read the post I made about pools being a Sybil attack vector?

You have no way of knowing if a Sybil attack in occurring now at the pools. You don't have to see an overt attack.

Did humanity see an attack on their government over the past 80+ years while the DEEP STATE has been festering?

If you were trying to grow Bitcoin into a global centralized ledger, would you reveal your hand too soon and cause the frogs to jump out of the pot? Of course not!

The totalitarianism comes all at once at the end game. You can remain blissfully ignoring that possibility if you want. Most humans cows do and so do frogs that boil in the pot. Bitcoin was designed to suck you into complacency and disbelief in (cognitive dissonance groupthink slander of logical, rational) dissension.

I suggest you retract your pitiful attempts to slander whether I am logical. You won't likely win a logic debate against me. Smooth might, but you are not capable.


so give me some evidence that the USG is performing a Sybil attack on all the pools.

Apparently you don't understand well that a Sybil attack can be not detectable, especially when the power it wields is not yet being fully utilitized in every facet. If I were the DEEP STATE, I would continue to lay the ground work of growing Bitcoin adoption and not disturbing that, while testing and insuring the Sybil attack vector is going to work as planned once Bitcoin reaches the point where they want to turn on the Digital Kill Switch.

also, explain to me how the USG controls Chinese mining pools in Mongolia.

If you don't believe the Chinese leadership is in bed with the Rockefellers on the planned Global Technocracy, then I suggest you watch Aaron Russo's video explaining about what Nick Rockefeller told him and then do some googling about Nick Rockefeller and China.

But all of your post belies the main point, which is a Sybil attack hole exists. And we should close that hole.

all i hear is a bunch of FUD.

You have not refuted the economics and technical points that indicate that a Sybil attack vector exists with the pools.

You have chosen to remain a frog boiling in the pot, because the former double-digit pools have been dissolved into single-digit pools, but you can not prove that there are not multiple single-digit pools that are owned by the same entity.

You can choose to remain blissfully ignorant of the fact that a Sybil attack is possible (and likely because of the economics of pools which I had explained in the link I provided to you) and perhaps already occurring (in testing and lie-in-wait mode).

You are just being disingenuous now.


2.  i think that the majority of ppl in this world want to be honest and wish to live in a society that has order.  no one wants to live in chaos.  everybody loses.  in order for society to continue to progress and evolve, order, dependability, and a semblance of honesty is needed.  thus, in a system with so much potential to do good, like Bitcoin, the overwhelming desire is for participants to want to do what makes the system thrive.  to the extent that cheating, dishonesty, and colluding erodes confidence and threatens that goal, most participants will avoid those activities.

That is the same faith we put into a top-down democracy. Fact is a power vacuum sucks in those who can maximize the exploitation of the power vacuum.

You are violating the fundamental tenet of Satoshi's white paper which is decentralized trust, meaning we don't have to trust that people are honest.

you fail to comprehend what i was saying.  the above is simply an observation of mine on human behavior which i think is valid.

Can you not read? Try again to read above. I didn't fail to comprehend your point, I was disagreeing with it. Can you not comprehend the logical distinction between not comprehending and disagreeing? That is a category (a.k.a. taxonomy) logic error.

B-listers (or I suspect C-lister in this case) have such poor logic and rationality, it is almost pointless to try to argue with you, because you can't even recognize your illogic.

Satoshi's brilliance was that he designed what appears to be a rock solid system that allows it's participants to fulfill their desired behaviors w/o fear of widespread cheating.

Precisely that is the fundamental tenet I am referring to upthread where I am thinking about the "one CPU, one vote" and the probabilistic math of Proof-of-Work, but I am arguing that it is not immune to centralization and thus it is an (intentional or not) ruse that is very ideologically compelling.

the incentives programmed into Bitcoin align with their desired behaviors and in fact fosters them.

Subsequent (to yours quoted) posts by myself, inca, and smooth (at least and many others else where such as the Skycoin thread) had argued that the mutual profit motive is not sufficient.

the need for trust is removed for the early adopters.

That was the ideology but the reality is that it ain't so.

bootstrappers like me saw this brilliance and have invested accordingly

Cognitive bias.

and each day that goes by that the protocol doesn't get hacked or that a miner or a cabal of miners fails to perform a 51% is evidence that the system is getting stronger and stronger and more resilient.

How did that work out in the past with governments that get stronger and bigger and then always implode. As Warren Buffet says, "when the tide goes out, we know who wasn't wearing underwear".

How did that work out for the quants and the derivative bombs that finally exploded. Etc, etc.

I think you need to read some of Nicholas Taleb's books on Blackswans, Anti-fragility, etc..

Or simply the common due diligence statement, "past performance is no guarantee of future performance".

what's quite obvious is that more and more deep pocketed investors are climbing onboard

Indeed. Bitcoin is succeeding. And the DEEP STATE is I am sure quite thrilled.

which makes it much harder for gvts or any bad actor to interfere. we're experiencing a growing economy.

That does not logically follow, when the bad guys are the government. They will regulate later. Regulation won't kill Bitcoin at that stage when it is already mature. It can enable the Digital Kill Switch where they can turn off your number if they don't like you (i.e. prevent political free speech, expropriate wealth via the ruse of unconstitutional directly apportioned taxation, etc).

You are blacksliding because there doesn't appear to be any solution the fact that pools become concentrated due to the variance cost to them not. It is pure economics.

what centralization?  i see the charts decentralizing.  and the proof in the pudding is that there are still no 51% attacks despite your FUD and Bitcoin keeps on growing.  and ghash has been reduced to a shadow of itself.

I have already addressed this point.


all i hear is a bunch of FUD.

You have not refuted the economics and technical points that indicate that a Sybil attack vector exists with the pools.

You have chosen to remain a frog boiling in the pot, because the former double-digit pools have been dissolved into single-digit pools, but you can not prove that there are not multiple single-digit pools that are owned by the same entity.

You can choose to remain blissfully ignorant of the fact that a Sybil attack is possible (and likely because of the economics of pools which I had explained in the link I provided to you) and perhaps already occurring (in testing and lie-in-wait mode).

You are just being disingenuous now.

actually, i submit the onus is upon you to prove that the Sybil attacks are occurring especially since we haven't seen any evidence to that fact.  w/o it you are just a troll and Bitcoin continues to gain more acceptance.

Repeating yourself redundantly doesn't make your illogic any less so.

I will simply quote myself again above since you clearly refuse to address what I wrote. Asserting that the onus is on me to prove that something that can't be detected is disingenuous. You are not arguing the point, rather just trying to cover your ears and say "nanana".

Apparently you don't understand well that a Sybil attack can be not detectable, especially when the power it wields is not yet being fully utilitized in every facet. If I were the DEEP STATE, I would continue to lay the ground work of growing Bitcoin adoption and not disturbing that, while testing and insuring the Sybil attack vector is going to work as planned once Bitcoin reaches the point where they want to turn on the Digital Kill Switch.

...

But all of your post belies the main point, which is a Sybil attack hole exists. And we should close that hole.
sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
May 09, 2015, 05:33:15 PM
Im all for privacy and anonymity, but there's always a downside. Who would pay for the welfare for the people that really need it (because some do really need it). If nothing is public anymore, how in hell would that be deal with? I don't see it would work in a 100% anonymous individual society.


G.E. coins are “spent” into existence in input-less transactions. Accordingly, civil society can (at least, in part) dictate monetary policy.

Code:
sendfreetransactions=1
Code:
sendtoaddress [address] [balance + amount]
sr. member
Activity: 770
Merit: 250
May 09, 2015, 02:06:57 PM
Privacy/anonymity is the only cure for the rampant destruction of individual rights that's happening throughout the world as spying tech advances(Hello nsa, google etc...) both in economic and social matters.
Im all for privacy and anonymity, but there's always a downside. Who would pay for the welfare for the people that really need it (because some do really need it). If nothing is public anymore, how in hell would that be deal with? I don't see it would work in a 100% anonymous individual society.

Oh I don't mean a "100% anonymous individual society". I mean where your individual economic and social activities are by default private/not being spied on.  Currently in this society, the "default" is transparency, where everything is transparent and in order to preserve your privacy, you have to take measures of your own, It should/needs to be the other way around. And that's becoming a very serious issue, our very phone calls, emails, google searches, and more are spied on, not to mention our economic purchases through credit cards, banks, etc.

Hell, the NSA even implanted software in the Windows operating system to monitor computers.

http://www.nytimes.com/2014/01/15/us/nsa-effort-pries-open-computers-not-connected-to-internet.html?_r=0
http://www.npr.org/blogs/thetwo-way/2014/01/15/262650392/nsa-reportedly-has-surveillance-software-on-100-000-computers
legendary
Activity: 1512
Merit: 1005
May 09, 2015, 01:39:33 PM
Privacy/anonymity is the only cure for the rampant destruction of individual rights that's happening throughout the world as spying tech advances(Hello nsa, google etc...) both in economic and social matters.
Im all for privacy and anonymity, but there's always a downside. Who would pay for the welfare for the people that really need it (because some do really need it). If nothing is public anymore, how in hell would that be deal with? I don't see it would work in a 100% anonymous individual society.

I know one who would - you. That's one that really need it who is saved. Or, did you think it would be someone else who should pay, not you?


legendary
Activity: 1358
Merit: 1014
May 09, 2015, 01:23:32 PM
Privacy/anonymity is the only cure for the rampant destruction of individual rights that's happening throughout the world as spying tech advances(Hello nsa, google etc...) both in economic and social matters.
Im all for privacy and anonymity, but there's always a downside. Who would pay for the welfare for the people that really need it (because some do really need it). If nothing is public anymore, how in hell would that be deal with? I don't see it would work in a 100% anonymous individual society.
legendary
Activity: 1204
Merit: 1028
May 09, 2015, 09:35:37 AM
The only way the morally bankrupt can find solace is by dragging as many people as they can down with them. They need to be able to say, "See, you're no better than me" when somebody else slips and falls into the cesspool in which they live every day. You see, when the corrupt can no longer find "happiness" in the the drugs, ill-gotten gains and sexual deviations, they find it in watching others stumble into the same traps that they are stuck in
sr. member
Activity: 770
Merit: 250
May 09, 2015, 01:02:26 PM
Privacy/anonymity is the only cure for the rampant destruction of individual rights that's happening throughout the world as spying tech advances(Hello nsa, google etc...) both in economic and social matters.
full member
Activity: 196
Merit: 100
May 09, 2015, 07:51:57 AM
Quote
Armstrong: There's nothing left, where you can tuck his money in good conscience. Maybe it will again give you the opportunity in America after the bursting of the sovereign debt bubble [after October 1, 2015], after a pullback in equities to enter. But then at some point it's over.
the translation's allright(as in not misleading).
thought I'm a bit confused, didn't he forecast a dow low before october? did that move or will there be a second, (bigger?) pullback at the end of the year?
Bonus question: if so, should europeans buy before or after october?
hero member
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May 09, 2015, 06:26:23 AM
Following
sr. member
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May 09, 2015, 05:43:11 AM

Centralized shitcoin does not count. 1.5 billion  coins and scrypt. Exchange non existent. Not listed on coinmarketcap.com. Much success for a coin that has been around since September 2014. No privacy and offers sweet fuck all in innovation. Go peddle your bullshit somewhere else. Homero Garza will think that you have the next PayCoin.


One more comment about altcoins and being a Monero bug. The video above is quite accurate on the state-of-affairs of 100s of shitcoins and Bitcoin (and basically nothing else).

To attain significant sustainable adoption and a long-term future, a crypto-coin must have something that Bitcoin doesn't that is really needed.

Okay Monero has ring-sigs onchain anonymity (but doesn't have network anonymity and afaik the planned I2P is just another alias for Tor's unreliable network anonymity...did fluffypony ever finish the I2P integration?).

But Monero's use case is mixing and then exchange back into Bitcoin and hold Bitcoin. There is no reason to actually hold Monero's long-term, because there is no compelling case that users are going to use it as a currency and that it will thus experience network effects. It is just a decentralized mixer. That is all Monero is. No network effects. No Reed or Metcalf law exponential effects on adoption and growth.

You personally may wish to hold Monero for the added anonymity of blockchain anonymity, but this is pointless in terms of ROI if most users don't care and thus the network effects accrue to Bitcoin instead.

So sorry, I see a very big hole in the market that still needs to be fulfilled.

The challenge has always been how to correct Bitcoin's designed flaws (Bitcoin was designed to become a bankster centralized coin without anonymity) and do so in way that creates transaction demand and network effects.

To do this is going to require creating transaction demand for the altcoin. I believe I have the only design that can do this. I suspect the greatest demand for Bitcoin was coming from sites like Silkroad before 100s of Tor's hidden services were unmasked by the FinCen and Europol (probably with the NSA's help).

You've got to be an expert in marketing and an expert programmer and an expert at technical design of crypto. Very very few people will have all those traits, myself being one of them.

So are we going to stop losing precious time and get down to business or not?

I need angel funding if you all want me to focus my energies here now.
sr. member
Activity: 420
Merit: 262
May 09, 2015, 05:09:06 AM
8. I have been a "silver bug" in a sense that I regarded it as a great investment and was overweight, in 2006-2013, then I was a Bitcoin bug for a short time, and now have been a Monero bug, because it now holds the same promise that the previous ones did earlier. (Monero is so cheap that I am not even much weighted, because the potential upside is so great.) Both silver and bitcoin are now relegated to wealth preservation roles in my thinking, both still having the potential of large upside though.

9. I have never been a gold bug but have occasionally owned some gold.

10. Neither a lender nor a borrower be. Knowledge economy does not have a place for debt (obligation to pay a fixed sum regardless of the outcome of the venture) in it. Crowdfunding in all forms is the way to go.

11. The role of financial capital is to enable the most effective use of knowledge capital, and even before Bitcoin was invented, my productivity has not much been hampered by the lack of financial capital. I am content with the amount that I have, and in the long term more is probably coming when one of my current or future long-shots matures. The excess I have keenly donated to charitable purposes, although finding worthy recipients is difficult.

12. The theses do not consider the "industrial-age" situations where pooling of massive resources under a centralized command was necessary. Some projects still have these attributes, but most of them could already be reorganized, power politics are hindering the progress.

Risto the entire post was excellent. I thought maybe we were further apart in our thinking, but on the surface of that post it seems we are close to total agreement. Perhaps you've made some changes in your thinking lately?

My quibble is going to be on the fact that silver and Bitcoin are not anonymous[1] and aren't you at all concerned about shielding wealth from socialism deathstar expropriation?

And my other quibble remains that you are not technically qualified to know whether Monero is sufficient to be the big winner. I strongly suggest you need to be more diversified in altcoins if you want to hit the jackpot. One day you are going to learn that in this area (just like you learned on the castle which I warned you was under threat from Russia), my capabilities in some cases exceed aminorex and others you may rely on for technical appraisals (and theirs exceed mine in other cases). Smooth has outsmarted me at times and to the extent he can be objective (considering his close association to Monero) then I would advise trusting his appraisals of any technical writings I make. Aminorex is very smart, but he appears to me to be more of a math guy than a programmer (although my interaction with him is minimal). Smooth is the most astute programmer in altcoins that I have had discussions with. Perhaps there are others but I haven't been able to engage them in productive discussion (e.g. fluffyponey, tacotime, etc).

However, I will admit I don't know of any other altcoins that have sufficient feature sets and ecosystem that give them a better shot than Monero, at least in the anonymity focused subset of altcoins. So in that case I would have to agree with you on the Monero bet up to this point in time. I must mea culpa that I haven't been following altcoins much lately, and I don't know whats up with latest on Nxt, jl777's work, Boolberry, Dogecoin, etc.. I don't even load the coinmarketcap any more.

I am cognizant that you may become complacent/overconfident and miss something. Well I guess it never hurt you to be late and miss the IPO. You missed it for both Monero and Bitcoin. So perhaps it isn't your role to be one of the earliest adopters. And thus I should not be focusing my energy on trying to explain any technical innovation too early in the development cycle. Ditto OROBTC and others. You all can't understand. You all come in much later after the technical experts have already jumped on board. In short, you all must be followers because you don't have the first hand technical acumen.

[1] Anonymity with Bitcoin is is riddled with potential pitfalls. IP anonymity is tricky for any crypto-coin, and Bitcoin doesn't have onchain anonymity. Upthread I already made the case that physical metals will not be anonymous.
sr. member
Activity: 420
Merit: 262
May 09, 2015, 04:56:58 AM
#99
4. Accumulated capital preservation is difficult, therefore it makes sense to only hold a smallish amount and diversify it to combat threats.

Can you elaborate?

How to delineate the taxonomy?
sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
May 09, 2015, 04:54:21 AM
#98
Risto I am not sure it is productive to debate those who appear to me to be high on drugs (or just in "lala" land). Even if all the mythology was true, he is far from making his points relevant.

It's not your system you discuss, and it didn't appear spontaneously: abandon Enki's system.
sr. member
Activity: 420
Merit: 262
May 09, 2015, 04:50:04 AM
#97
As for the existence of Ag on earth, I have written a book about it, with my university Economics-Geology background.

Did you write a book about all the gold Enki had removed from earth?

Risto I am not sure it is productive to debate those who appear to me to be high on drugs (or just in "lala" land). Even if all the mythology was true, he is far from making his points relevant.

It is a damn shame that he is cluttering this thread with useless noise and obfuscating the useful discussion here.
sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
May 09, 2015, 04:48:15 AM
#96
As for the existence of Ag on earth, I have written a book about it, with my university Economics-Geology background.

Did you write a book about all the gold Enki had removed from earth?
sr. member
Activity: 420
Merit: 262
May 09, 2015, 04:47:28 AM
#95
1. Savings are deferred consumption/investment, which can be used for consumption/investment later.

2. Previously, savings without knowledge were able to provide a positive return on capital, in the 1700s this was about 5% but has steadily declined. Now it is hardly possible to get more than 2%. Taxation by inflation (capital "gains") is the main way how this is accomplished lately.

I posit savings had long-ago moved to NIRP in the form of inflation and now with deflation taking over, the NIRP has moved to interest rates.

In short, savings (idle monetary capital) will never again generate positive ROI. You must actively invest now to get positive ROI.

This is why I said say 5% debasement for altcoin (as an alternative to tx fees if the holistic design is viable) was not anything inconsistent with reality. Your appreciation gains far outstrip the debasement (and make the level of debasement basically irrelevant), otherwise you shouldn't be holding it as investment any more (use it as a checking/savings account) in which case 5% is roughly about what banks charge in fees on a small checking account balance.
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