Economic Totalitarianism - page 31. | Bitcointalksearch.org

TPTB_need_war

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Quote from: RealBitcoin on February 18, 2016, 01:00:07 PM

Quote from: OROBTC on February 17, 2016, 02:35:39 PM

...

Maybe ZIRP and NIRP deserve its (their) own thread, but individual ("guerrilla") level work-around suggestions to avoid getting NIRP-ed might be welcome. If they escalate their "War on Cash", then other solutions for us are needed.

A unusual suggestion (for larger-scale wealth preservation in a NIRP Environment) would be collecting Rolex watches! Cheesy

Maybe a basket of top tier altcoins?

Analyze altcoins with small volatility, and build up a basket of them in relative % of allocation by their volatility.

Excluding new ones like ETH and other suspicious ones like Riple.

That should be a good idea isnt it? (even for big whales)

...

Quote from: TPTB_need_war on February 18, 2016, 02:14:25 PM

Quote from: Blazed on January 14, 2016, 06:12:20 PM

Pretty much every alt coin is all about the hype. What alt is actually used or useful currently?

There is no altcoin that exists which has 10,000 regular users who not also investors.

Ethereum $400 million market cap for shit that doesn't scale and has no adoption.

Of course everything is about mining the speculators, because you all just chase scams all day.

RealBitcoin

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Quote from: OROBTC on February 17, 2016, 02:35:39 PM

...

Maybe ZIRP and NIRP deserve its (their) own thread, but individual ("guerrilla") level work-around suggestions to avoid getting NIRP-ed might be welcome. If they escalate their "War on Cash", then other solutions for us are needed.

A unusual suggestion (for larger-scale wealth preservation in a NIRP Environment) would be collecting Rolex watches! Cheesy

Maybe a basket of top tier altcoins?

Analyze altcoins with small volatility, and build up a basket of them in relative % of allocation by their volatility.

Excluding new ones like ETH and other suspicious ones like Riple.

That should be a good idea isnt it? (even for big whales)

TPTB_need_war

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Merit: 262

Quote from: TPTB_need_war on February 18, 2016, 05:06:43 AM

Until now, all crypto coins have been marketed to investors.

Quote from: https://bitcoin.org/bitcoin.pdf

The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation.

Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.

Bitcoin the better gold.

Word.

Quote from: TPTB_need_war on February 18, 2016, 06:07:47 AM

Quote from: sandiman on February 18, 2016, 05:13:56 AM

This redudancy + partionning paradox is extremely hard to understand for a newbie who's native language is not even english...

It would be really appreciated if someone could rephrase this paradox summing up with easy terms what is the issue and its consequencies Grin

I am years ago of your computer science knowledge and I may stay years ago of your knowledge in this field for the rest of my life since it isn't my study field.

Thank you in advance. Grin

Hopefully r0ach and others can offer their laymen's summaries.

What you need to know is that Ethereum as it is currently designed can't scale just as Bitcoin can't scale, but the level of scaling which the current Ethereum can do is much less than even Bitcoin's current limitation because verification/validation of Serpent scripts takes more resources than verification/validation of ECDSA signatures.

For both Bitcoin and Ethereum, this is not just an issue of block size limitation. The issue is that in order to scale, the mining becomes more centralized. I think you will should note that Bitcoin and all other major coins are entirely centralized already and on the precipice of failure (all of them! study my links!).

Thus Ethereum proposed Casper which is a design that attempts to use sharding (a.k.a. partitions) to improve scaling decentralized. But I explained in this thread, that can't work. To reduce electricity consumption, Ethereum also proposed PoS-like consensus-by-betting with forfeitable deposits. PoS has known failure modes that violate Nash equilibrium.

So the point of all this is that Ethereum and all the rest of the crypto coins have not yet solved the fundamental issue of decentralized consensus.

If you want to read a theoretical discussion of why, I did that too.

Okay that is enough from me. Adios.

OROBTC

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...

Maybe ZIRP and NIRP deserve its (their) own thread, but individual ("guerrilla") level work-around suggestions to avoid getting NIRP-ed might be welcome. If they escalate their "War on Cash", then other solutions for us are needed.

A unusual suggestion (for larger-scale wealth preservation in a NIRP Environment) would be collecting Rolex watches! Cheesy

TPTB_need_war

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Quote from: TPTB_need_war on February 17, 2016, 05:32:08 AM

Of course Bitcoin is already broken, because the Chinese mining cartel controls 65% of the hashrate and they lied about the Great Firewall of China being a problem[1] because they really want to veto block size increases so they can maximize their profits via spiraling transactions fees which I predicted in 2013. And remember my point that on the next block reward halving (this year I think) then the lowest cost miners will survive and the marginal miners will lose profitability and thus China's 65% share will increase significantly. I also believe Chinese miners are operating with near 0 cost electricity with a "wink and a handshake" charging the electricity cost to the collective society.

[1]	We know they are lying because they can put a pool abroad and send only a block hash across the GFW thus bandwidth is not an issue. They are clearly lying!

trollercoaster

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http://nymag.com/daily/intelligencer/2016/02/us-marshals-forcibly-collecting-student-debt.html

TPTB_need_war

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Patriotism in the USA (strange to see people chanting "USA!, USA!, USA!"):

https://www.youtube.com/watch?v=rZ-QceqDll4

trollercoaster

legendary

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http://www.filmsforaction.org/articles/scihub-tears-down-academias-illegal-copyright-paywalls/

RealBitcoin

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Quote from: hdbuck on February 12, 2016, 07:36:16 PM

The 8 Principles Of The Newer Normal:

Quote

Is this what we have to look forward to?

1. Ban cash
2. All-digital currency
3. No more crime
4. -10% rates
5. 70% deposit tax
6. 20% "Bail-In" Charge
7. You're broke
8. Unicorns

Because less (freedom) is more, right?

http://www.zerohedge.com/news/2016-02-12/8-principles-newer-normal

inb4 bitcoin Cool

Deposit tax? Lol why?

Isnt't it supposed to be withdraw tax instead?

Banks love when you deposit money, but they hate when you withdraw (because it destabilizes their ponzi)

trollercoaster

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Haha yeah, and watch everything come to a screeching halt Cheesy

hdbuck

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The 8 Principles Of The Newer Normal:

Quote

Is this what we have to look forward to?

1. Ban cash
2. All-digital currency
3. No more crime
4. -10% rates
5. 70% deposit tax
6. 20% "Bail-In" Charge
7. You're broke
8. Unicorns

Because less (freedom) is more, right?

http://www.zerohedge.com/news/2016-02-12/8-principles-newer-normal

inb4 bitcoin Cool

Anddos

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Do you really expect a presidential candidate to actually come with useful ideas to help the people? That's just naive.

trollercoaster

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http://www.wsj.com/articles/swedens-central-bank-cuts-main-interest-rate-further-below-zero-1455180702

generalizethis

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Facts are more efficient than fud

On the good guy front: http://thehackernews.com/2016/02/hacking-wireless-router.html

If only there were a virus that could distribute itself when someone is trying to spy on you--it would be like a hot naked woman walking into a biker bar with a sign on her chest that reads "I had razor blades surgically implanted in all my orifices, wanna fuck?"

TPTB_need_war

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China kidnapping dissidents in foreign lands:

http://www.usatoday.com/story/news/world/2016/02/09/chinas-message-dissenters-flee-if-you-dare/80043556/#

http://www.theguardian.com/world/2016/feb/10/hong-kongs-business-community-freaking-out-over-chinas-crackdown

China appears determined to prevent a contagion of bad news that could send their currency and economy tumbling.

TPTB_need_war

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Quote from: trollercoaster on February 09, 2016, 04:16:10 PM

http://www.digitaltrends.com/cool-tech/microsoft-cortana-sexual-harassment/

Fines for offending your virtual assistant!? when. Wink

The hacking of Cortana's personality will probably end up equivalently ridiculous but in the opposing direction of attitude ("can you say bend over and ask which hole..."). Tongue

trollercoaster

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http://www.digitaltrends.com/cool-tech/microsoft-cortana-sexual-harassment/

Fines for offending your virtual assistant!? when. Wink

TPTB_need_war

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Quote from: trollercoaster on February 09, 2016, 04:48:38 AM

http://thestar.com/#/article/business/2016/01/26/nervous-canadians-hoarding-record-amounts-of-money-in-cash.html

Corrected link: http://www.thestar.com/business/2016/01/26/nervous-canadians-hoarding-record-amounts-of-money-in-cash.html

trollercoaster

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http://thestar.com/#/article/business/2016/01/26/nervous-canadians-hoarding-record-amounts-of-money-in-cash.html

TPTB_need_war

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Quote from: tabnloz on February 06, 2016, 07:45:05 AM

Quote from: TPTB_need_war on February 06, 2016, 05:36:51 AM

Quote from: tabnloz on February 05, 2016, 08:35:43 PM

Quote

But it goes much deeper than that. Include the Western governments propping up puppet regimes in the Middle East which created all kinds of imbalances.

Agree, big part of it, if not the main reason. Sunni minority rule when removed equals chaos. Shia rule when undermined equals chaos. Proxy armies everywhere. Saudi, US, Russia, Iran, Turkey, Lebanon etc etc

I am very curious to hear how you are omniscient[1] because you were able to make the speed-of-light infinite[2] and thus you know what decentralized annealing would have done otherwise.

You won't understand my point, yet it is a rebuttal and I don't have time to teach any more.

[1] https://bitcointalksearch.org/topic/m.13704711

[2] https://bitcointalksearch.org/topic/m.13705829

1. Obviously I'm not
2. Ditto

I probably don't, but I'm assuming it is: problems are deeper than geopolitical because of man's attempts to control the uncontrollable. Neither I, nor anyone else, can ascertain what outcome will occur from any given action (and therefore my "when removed = " statement is untrue.) Only the invisible hand can (the decentralised annealing you are referring to?), and Western governments in attempting to control have been supporting countries that are unbalanced (unsophisticated as a whole 'computer', yet making a fortune) and relying on one thing (oil....or mining etc). Like markets they are destined, or rather need, to revert to the mean, hence the chaos as the process takes place.

Good. Thanks.

Topic: Economic Totalitarianism - page 31. (Read 345738 times)