Topic: Economic Totalitarianism - page 127. (Read 345758 times)

TPTB, thank you for clarifying many points and providing highly practical and informative insight into your projects. I'm cheered (on a depressing day when the UK has elected in a Conservative majority govt.) by your decision to seek seed capital.

If ever my social network attains sufficient popularity for the banksters to notice, there will be dozens of others vying to copy my idea and the banksters will thus be fighting a virus they can't defeat.

Ditto my strategy for crypto-currency. But it is more helpful to be anonymous in that case, because I actually want the money involved (coins owned) to be anonymous. In the case of the social network, I want the profit earned to be publicly declarable.

The concept of trying to "winner take all" is the antithesis of success and prosperity. All those fools who thought Bitcoin would "winner take all" conquer the world. Analogous to dogs chasing their tails, they wish for the poison that enables what they think they are trying to defeat.  

I explained this in the Skycoin thread.

If you are publicly sharing your plot against the "banksters" (TPTB_need_war ), doesn't the reality of your still being alive to do so necessarily imply that your efforts will not (significantly) compromise their efforts?

He banned me from his forum several years ago and everything we argued about silver, I ended up being correct on the actual outcome.


Seems you have attained significant satisfaction that your daughter has formed a union with a good man.

Women are going to need to start learning to choose men based on their reliability and not the following The False Life Plan.

Which is essentially what I am trying to do to empower the filipinas in the East-West dating scene, so they can attain that goal while also reforming/filtering the foreigners via economics.

...

It is very late for me now, and I will have more proper responses later to you TPTB.  Although you are AT LEAST partly right about passive income NOT being risk-free, the whole "usury" idea treads back into the philosophical & definitional waters I now want to decline to enter..., for now anyway.  FOFOA (whose ideas I imagine you would hate) also raised that same point: passive income is risky.

We own a smallish ball bearing import company in Peru, mostly dedicated to the automotive replacement parts sector (esp. for Korean cars).  That´s why I am still here (even though it is after our daughter´s wedding, smile).  We live in the USA.

I´ll have to read your various other points when my eyes are not glazed over, I had a loooonnnngggg day.  Productive though.

*  *  *

Pawn shops are a great place (in the USA, pay w/ cash) to get a "clean" computer for cheap that you would only use for BTC... 

 

Yes re Big Mac and libraries, etc. (10 miles from home, say, and vary your routines) re wifi.

Great Empire of Earth > United States of America

I am going to take the time to explain in more detail, because I am going to go ahead and test the waters for Private Placement (unofficially qualified investors) seed capital for crypto-currency below...


The economics have been skewed and skewered by the collectivism.

For example of my current site which is more dating focused initially (bcz generalized social networking needs large membership), some large percent (90%?) of foreigners in East-West filipina dating scene, immediately request in their first communication, "may I have your skype or fb" (fb = facebook). What this means is they want to see the lady more clearly and possibly they just want some fun (i.e. a friendly chat or camsex). There is a discord between what the marriage-minded filipinas want and what the super majority of foreigners want. Perhaps a super majority of those foreigners aren't even capable of establishing a committed relationship (for numerous reasons, including they may already married, have insufficient savings to travel to Asia, psychologically addicted to masturbating on cams, etc).

So what ends up happening is the filipinas try to go along somewhat, but they burnout and eventually fall away from the East-West dating scene. After all, the sincere filipinas are big losers, as they've had to fund the internet access and time wasted chatting with guys who were never going to help better their lives. They walk away the worse off, except for the experience gained which is causing a future generation of filipinos who hate foreigners. In the worst outcomes, many filipinas are used for sex only from a foreigner who was promising marriage and some end up impregnated and the foreigner has fled (which the NWO is going to of course take advantage of to track down those foreigners and enslave them later).

There are also the filipinas who know how to play this game and they scam the foreigners instead. But they can't scam the ones above who are scamming the good filipinas, instead they end up scamming the few good sincere foreigners in the dating scene.

This is a mess. I had set out to fix this in 2010, but got sidetracked by my illness.

Note even the top filipina dating sites (e.g. Filipinocupid.com) only allow 5 photos on each profile, so we guys had a legitimate reason to request the Facebook account so we could see more pics. But my site allows unlimited photos per profile, same as Facebook, so then the guy no longer has a justifiable reason to request the ladies' Facebook.

The foreigners have become accustomed to using these free social networks (Skype, Facebook, Viber, Wechat, Yahoo Messenger, etc) and they demand the ladies to go there and chat them at no financial compensation to the lady for her time and effort. The ladies initially do this as they are so excited about the possibility of marrying a foreigner (more handsome and better life). And they sincerely want to make a family and have children. This is not golddigging. And in fact, filipina culture is that they don't want to ask for money because they believe love is not based in money. And so they sacrifice everything for love.

So what I've realized is that to fix this, I need to educate the filipinas to refuse to chat in free venues. And to demand that any foreigner that wants to chat them must do so in my site wherein the foreigner must pay a very minimal amount which is shared with the ladies in order to give them some help with their expenses. Filipinas don't even have enough money for their basic daily needs and then traveling to and renting a seat in a netcafe (or maintaining internet connectivity on their phone) is an extra expense they really can't afford. So if the serious guys will pay a little amount that is shared with the ladies then the ladies will be online more and the entire economics will be improved a lot. Imagine if we charge say 10 cents per videochat minute (messaging is free), then a 30 minute chat is less expensive than what the guy spends on his lunch or the daily dogfood. If the lady is less important than his lunch or dogfood, then he isn't really serious to that lady and is wasting her time. Also by being free, he can be playboy to 100s of ladies fooling them all at the same time (yes they really do this!).

When I explained it that way to a few of the ladies to test their reaction, they said, "why didn't you do this years ago!". They immediately got it and agreed. They realized that having the site legitimize a daily income from dating interaction, is not gold digging because the foreigner know exactly what he is paying and will not be subject to unexpected financial requests. It is a much superior system because all problems of mismatch between supply and demand are resolved by economics (e.g. the more sincere guys won't be competing against the insincere ones who don't want to pay and the insincere ones will pay for what they value enough to pay for, even if it is camsex). And don't think most filipinas will get induced into camsex this way. No! The minimal payment is not enough to incentivize a filipina to embarrass herself and degrade her values. The ladies who do that camsex stuff, will request a higher per minute payment (5 cents a min is not enough!).

So I will make a video for new female members of my site to watch.

If this strategy will be successful, then the word will spread and the ladies will quit the free dating sites (and paid ones that don't share revenue with the ladies) and also stop using free social networking for new dating contacts (only use the free social networking for their family and long  standing friends).

In this way, I can force the economic change now and start to kill the banksters' paradigm.

Also my intention is to use a similar type of clever disruptive strategy to morph my site into not only dating but also general social networking. It is time to put economics back into social networking and get people off these time wasting addictions which are destroying themselves and the world! Btw I chose a site name which is not dating specific. It is a _____.asia domain but I also have the _____asia.com name to and both redirect to the same site.



One of my objectives is to have a mainstream reportable income, so I can justify to authorities my lifestyle expenses.


The idea of what I want to work on would actually synergize with and help Bitcoin, Monero, and all coins and internet activity be more anonymous. There will actually be an altcoin tied in with this, but it will be a competitive ecosystem where other coins can participate.

In short, a win-win, synergistic plan. I like those.

I am going to now test the waters to see if we have enough seed capital that is interested.

What should happen is that first there are a few guys who provide seed capital (so I have operating capital and focus more on the crypto-currency and less on the social networking project) and then I put in the effort the thresh out all the finer details and specification, then can go to an anonymous crowdsourcing stage where all the details have been professionally explained. The crowdsourcing could be used to return some of the seed capital invested, if we decided that is the agreement.

The social networking site needs to be completed and already be on autopilot before the crowdfunding stage, then after that it is 95% time focused on competing and launching the crypto-currency project.

So I will now offer a request for those who are capable of investing $10,000 in seed capital, to please contact me now on Bitmessage. My Bitmessage public key is below. You can download and run Bitmessage on any Windows computer (but not Windows 8 as it is spyware, Windows 7, Vista, or best is XP). Please try to use a computer that you are reasonably sure isn't littered with viruses (that would ruin the anonymity Bitmessage offers).

BM-2cVBYC5ABoBmG7Rx5QZWZbw2z395RqLNMN (this is not a Bitcoin address)

If I decide to go forward after private discussions (on the specifics of the investment and plans), then those seed capitalists will be told the name of my social network (so they can evaluate my recent work performance) and many other details that I am not revealing in public here.

I would evaluate carefully whether I think i can trust the seed capitalists to protect my anonymity w.r.t. to the proposed crypto project (obviously my identity is not hidden from anyone on this forum who really wants to know it).

I am not promising to proceed this way. I am testing the waters and trying to evaluate what is the most efficient way to achieve our goals.

The problem with direct collaboration with for example Monero or Skycoin, is that they have some different ideas and priorities. Much better if I create something which helps all the coins and then after they can start to see the vision I have in action and then the synergies would become more apparent and realizable.

It is best not to argue and instead go make accomplishments that turn your skeptics into your allies.

Do not do this with monetary capital that you desire to be anonymous and immune to confiscation. Do this only as a ruse to establish legitimacy to the authorities that you have some skin in their game and you paint yourself as lower middleclass with small bond investments. Also the same criticism that was leveled upthread against Singapore's corrupt ("the Club" and "you ain't in it") city-state applies to Asia in general. The Taipans intend to remain in top-down control. You will find that I am trying to disrupt the Taipans from the bottom-up (which will be explained more in my next post).

Confiscation likely through excessive taxation such as a perhaps coming net worth tax as the "99% attack the 1%" which will really mean the "0.01% attack the 50%" middleclass with the remaining impoverished 49.99% to fall into NWO slavery.

Any capital that you want to be anonymous, you need to be moving into anonymity carefully now (or when BTC bottoms but you must test your methods now and be ready). You need to use physical cash as the vehicle while physical cash is still available (is being quickly phased out). You get one chance to transfer your net worth into the crypto-currency Knowledge Age. The stampede into it will come later and you want to be in before that.

http://armstrongeconomics.com/archives/30199


The authorities can see your original holdings, they can ask what happened to them. If you have anonymous gains (e.g. BTC from $100 to $1000), they won't know this if you can say the private keys were lost or stolen.

Much better they never knew you acquired BTC (i.e. the Localbitcoins method I described), then you can claim you were holding that income as physical cash but you've spent the cash interim (or the cash was canceled so you discarded it).

This is yet another reason I argue against physical gold as a large holding. How can you justify to the authorities you spent that? They know it is unrealistic to spend gold in large quantities, and you must sell to a dealer. They will demand receipts, otherwise punish you.

The authorities can see your income, e.g. OROBTC's (family business) auto parts store revenue.

P.S. OROBTC did you say before you also have a ball bearing factory?

Either I was quoting my past writings some where, or more likely I just did the quotes for emphasis as if I was verbalizing in the present to the reader separately from the main text.

Had to reply to this one because after arguing with TPTB for what seems like forever we have finally returned to an area where we completely agree.

My favorite quote from Understand Everything Fundamentally


TPTB you put this in quotes. I am curious who is the source?

Since this is a thread on practical solutions, however, and some readers may have an interest in carrying the scorpion over the river. One possibility is government bonds. Thirty year US treasuries for a few years and before transferring to Asian bonds Hong Kong or Singapore for a few more.

Problem is you need an exit strategy as this is a plan predicated on the greater fool theory. Success requires finding another frog before reaching the middle of the river and once you do you are back in the same bind that you were when you started.

All the BTC you are buying for investment, you should make sure you are sourcing and holding it anonymously. This is important for many reasons, and one reason is that if ever you seed capital invest in an anonymous altcoin development, then the developer may require your coins are anonymous (since otherwise the personal relationship may reveal who the developer is).

Let's brainstorm ways to acquire and hold BTC anonymously.

Do NOT rely on Tor to make your internet connection untraceable to you. Tor is known to be compromised by the NSA and The Five Eyes countries. I am confident this data will be shared with all nations in the future to track down "tax evaders and terrorists" (i.e. investors).

The simplest way I've used is to obtain an internet connection that can not be traced to me. So this means for example using a free WiFi in a public venue (e.g. McDonalds or public library or driving around to see who didn't put a password on their WiFi router) with a virgin computer (or Smartphone) that you haven't and will never use for other activities (because each computer has a footprint that can be seen online and thus correlated to your other identifiable activity on that same computer). Perhaps make sure the WiFi doesn't have surveillance cameras, or that these won't be archived long enough, but realistically the videos will probably never be reviewed for this sort of activity. An attractive alternative to public WiFi (which I have used) is to purchase a prepaid USB 3G dongle in some countries (such as Philippines) these don't have to be registered in your name. And to use that far from your house (because activity can be triangulated with cell phone towers to target your location and correlate activity from your home on other internet connections traceable to you).

Then ideally you need to purchase your Bitcoins in a manner that can't be traced to you. One way is a personal meetup arranged on Localbitcoins.com, but this is sort of risky (remember BurtW got caught in a sting and also you could get mugged). What I have done is use Localbitcoins.com to arrange that I make a bank deposit. Here in the Philippines, I can make a bank deposit without showing my id. Then make sure you use a fake name in Localbitcoins.com

An alternative to Localbitcoins.com is to purchase Monero coins on an exchange using your traceable internet connection. Then using your UNtraceable connection described above (because Monero does not make your connection anonymous!) then use Monero's one-time ring signatures mixing technology to obscure which coins on the blockchain are yours. This method is less absolutely anonymous than the Localbitcoins method, because there are some theories that Monero anonymity can be unmasked with some algorithms (I had contributed one such theory to their devs). But if you mixed and mixed over a period of months, I would say you'd probably be safe. Note Monero charges a transaction fee each time you mix.

Do not rely on centralized coin mixers a.k.a. tumblers or laundries. These can not be proven to be anonymous and are more likely to be honeypots. Plus research revealed most of them can be easily unmasked.

As for holding your BTC, I think the best would be an electronic wallet on Blockchain.info backed up with a paper wallet for all your private keys (maybe use a single hierarchal deterministic private key wallet system).

Hardware devices which could manage all this for you with one-click are coming...but I am not following the extent to which these are already available and viable. In theory, in the future you won't need to buy a computer, just one of these hardware devices and go to a public WiFi.

OROBTC, passive income (a.k.a. usury!) can't exist without the corruption that you want to cease. That is another example where you are falling into the trap of a dog chasing his own tail. I am confident you are smart enough to realize this once it is explained clearly to you. Passive income means you don't take an active role in determining whether the investment will be viable and you don't want to have any risk. Thus you implicitly require a public backstop (a power vacuum that must be captured by the banksters) because of the moral hazard it creates.

There is simply no way to retain passive income (a.k.a. usury!) and have prosperity. Passive income dies in the manner of this global economic collapse underway (ZIRP, NIRP, financial repression) where the moral hazard cancer has to kill the host because the entire paradigm is bankrupt.

There must be risk and active knowledge applied to your investments. Besides you will become incredibly more wealthy investing your money, but first you've got to make one very important change which has plagued your investment choices up to now.

Do NOT invest in that which you didn't personally understand from the get-go. Don't go follow some "groupthink" trying to sell you an idea which is psychologically fit to your pre-existing myopia. Here is an example of how you gold-bugs got hoodwinked. You really wanted passive income. Thus you were predisposed to being suckered with the illusion of "HODL". You were easily brainwashed into thinking it was a sure thing and very similar to passive income ("just HODL"!):

http://silverstockreport.com/



I would buy BTC at the coming bottom (when both gold and BTC bottom over the next several months) some where in $100 - $150 range. You want to buy things when most others think it is dead (bcz we are confident Bitcoin is not dead, there is no replacement as a reserve currency of altcoins and the most liquid crypto-coin). That is the ideal price to buy when everyone else has capitulated.

Liquidity is a very important consideration when making an investment. The lower the liquidity, the more risky the investment. Gold is for example not highly liquid. We are relegated to a few dealers and the government can take down those dealers anytime. As you lamented, you can't buy gold at spot in the third world. Actually I found a foreigner in the Philippines who owns a refinery that processed ore from the small mines and was able to deal with him near spot, but this backfired on me because the government attacked him and I may yet again lose another $20,000 or so (I've lost $100,000+ from shady dealings and mistakes fooling around in gold, silver, and the options market, but my excuse is I was delirious with Multiple Sclerosis). So please stop telling me gold is more safe than Bitcoin. No way! (unless you don't intend to ever trade it then what use is it? it won't be able to help your kids, gold will become a relic which no one uses and only the large institutions of the NWO will use gold as an accounting but this won't enable you as an individual to cash out without being confiscated)

The idea of trading your gold to individuals for goods & services is a non-starter. Most people don't want, and if ever the collapse enticed people to accept your gold in trade, then you have the problem of being a marked man once you make one trade. It is unrealistic to expect people not to gossip. Crypto-currency is just so much more viable. I have used Bitcoin to pay for all the domains and hosting I needed for my new social network (I did that not because it is anonymous, which it isn't, but because the credit card company can't reverse the charge 6 months later and shut off my domains or site)

Then I would use small portions of that core BTC holding to invest in any altcoin or other crowdsourced investment that is a "no-brainer" from your own due diligence. Now when doing due diligence you need to check your own myopia at the door and be careful to be objective. Admit to yourself what you do not or can not know and predict and adjust your risk calculation accordingly.

Diversification means not just across asset classes, but also diversified bets on ventures.

For example, let's say I launched (serious, committed) work on an altcoin and you were a seed capitalist that took a very small stake because at that stage it is a more risky investment. Then let's say the project matured and was gaining adoption, then you might increase your investment by an order-of-magnitude. Then at some point, you start selling as it rises and back into BTC so you can make other investments.

Over time your experience as an investor will improve and you will be able to minimize the mistakes you've learned from.

Your greatest enemy is yourself. You want to HODL (sit back, be lazy, have it easy, and don't have to monitor your investments) and that is what is causing you to fail.

P.S. Please stop thinking Bitcoin will go to $10,000. Bitcoin is not likely to be a 100 bagger again (that is usually reserved for unknown things that grow big as when Bitcoin was $1). Set your sights for another run on $1000 and the next time be prepared to sell some as it rises and not get stuck HODLing too long. Remember the market cap at $1000 will be at least double what it was in 2013, because many new Bitcoins have been minted interim. Also if that $1000 comes in 2017, the dollar will be peaking so $1000 will be relatively speaking as a percentage of the global economy to be worth more than it was in 2013 (although the global economy will have shrunk considerably). I would perhaps sell 50% in that $1000 range, sell another 25% at $3000, etc..

(of course I know what an .onion address is)

That is one of the reasons I said you were providing a good example on how to fail with an altcoin.

If you assumed your adopters all have Tor enabled or want to hassle with Tor just to read your link, then you have no clue whatsoever about marketing. Study the importance of attrition rate on new leads.

Besides Tor is compromised and arguably a honeypot. Why should I use it when it is telling the NSA to focus extra effort on tracking everything I do!

If we are going to fix the internet, we need to fix it so that is works well for regular people with a single-click, no hassles, and no technobabble.

The second reason is this. And the third reason is IMO the chosen name is good for a fantasy game but not a serious currency (but Doggiecoin may beg to differ).

If someone care to know: jobless rate depends only on tax level, welfare level, and red tape. These distort the labour market.

The government want you to believe that they have created all jobs (and hung up the moon), and that you will have to pay to the elites to fix the current problem.

Techology advances is not in the formula, except in the form of capital distortions. In some situations, the price of capital (including automatic machines) is too low.

Many of us seem to be increasingly content with being spoon-fed and unwittingly institutionalized - a comforting cotton-wool return to infancy in effect. It's ironic that what was once promised to be an infinite choice of options in the marketplace has actually been directed into a seemingly amiable authoritarian guiding hand towards consumer “decisions”; an illusion of choice.

So, with your new social media site you are striving to encourage users to be less passive and more creatively interactive, and I guess enjoy an ultimately more rewarding experience – bottom up rather than top down, yes?

I appreciate the financial imperative of fixing finances before resuming the crypto project. I'd like to think that enough people understand that an effective anonymous crypto so much needs to happen that they (a proportion at least of the, was it 60k followers on here?) would crowd-fund you even without any promises. I can see that even if you developed one anonymously, and if such a crypto were to appear and disrupt the best laid plans of the-powers-that-be, you would be high on the list of “suspects”. A tricky one. But who will achieve the “right” altcoin in time for the late 2017(?) USA down turn if you don't? A collaboration appeared tantalizingly close for a while; is that still remotely achievable, or out of the question? I can understand the urgency of non-compromise. It would be kind of elegant if Kim Dotcom could embrace a project like this, and keep hands-off?

People become a hassle when you want their stuff.

...

Alas, username18333, I used to get sort-of decent income in the past.  Call it 5% from the banks or bonds or stocks, and for a while better than inflation.

Perhaps that is part of the plan of the "Other TPTB" (the 0.1%, the ones with LOTS of blood dripping from their filthy hands...), cut us off from making any money.  Losing our independence...

Bastids.

Gold is still OK, but no income.  BTC is good too, but no income.

The bastids..., but I repeat myself...

Where is the "Gun Emoticon" up there anyway?

Sorry, mate: "income" (OROBTC) is reserved for a global elite and their henchpeople.

...

OK, one practical problem I am having is ZIRP and even worse: NIRP (negative interest rates).

I can´t find income that does not come along with very high risk...  PASSIVE income being what I like best.  Our Peruvian company is on the verge of finishing all its debt payments to me.  So what do I do with the money?

ALL bonds seem way overpriced.  I don´t want to manage "Section 8 Housing", though I do know a guy who is doing very well with that.

Some time ago at my now-defunct blog (two years ago?), I asked my readers and anyone else where INCOME could be found.  The OIL ETFs looked pretty good then, now of course, not so.

Any ideas on how to get income?  Stodgy stocks that pay out decent dividends perhaps...?

Did you check your Tor connection?