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Topic: Economic Totalitarianism - page 33. (Read 345738 times)

sr. member
Activity: 420
Merit: 262
February 04, 2016, 09:45:33 AM
legendary
Activity: 961
Merit: 1000
February 04, 2016, 09:03:26 AM


Another excellent piece, trollerc.  Thanks for posting it.

Europe is on the edge of becoming a neutered country, incapable of maintaining its society along the norms of "The West".  5 - 10 years after, they will become Islamicized.  It's already starting to happen, yet the Socialist Retards running EVERYTHING over there are hypnotized...

I wonder, trollerc, if the USA and/or Australia will allow their women to be harassed like that.  My guess is "no", but who knows.  At least in the West or South in the USA the Musloids would get an immediate ticket to their heaven, where their 72 goats await them.

Again, while I comprehend the arguments (and agree with some eg the idiocy of the PC movement), the seeming thought process that supposes some kind of preordained muslim plan to over run Europe is myopic in the geopolitical sense. Yes, it is very problematic and very confronting, and there are many examples of cultural clashes and norms being abused, in many cases horrifically. I don't think there is a viable solution in an expanding population. But I suggest it goes deeper than that.

As for Australia or the US not allowing it, well I would hope not. It is a despicable thing to do. Yet, the inhumane treatment of people doesn't stop at women. The US has life sentences for juvenile's, a horrific plea bargaining system and the stain that is Guantanamo. That isn't even to mention the treatment of black people in the States.

And Australia is without doubt a horrendously racist nation, since day dot. Aside from the indigenous population, it lets children be sexually abused in detention centres and inhumanely treats raped asylum seekers as political pawns and scapegoats. The politics of Australia is perhaps at the lowest point in history, where there is bipartisan support (only so not to give the other side a point of difference) for locking a small amount of people up on an island indefinitely to send a message to others not to come here, under the guise of the newest bogeyman - the dreaded people smugglers - those soulless human beings filling a market gap left by right wing bigots intent on keeping Australia 'beautiful'.




legendary
Activity: 1050
Merit: 1001
February 01, 2016, 03:49:08 AM
It wouldn't be tolerated down here, the establishment is shilling it's PC cancer pretty hard but most people can smell the bullshit.

It seems the closer you get to the cities the more of a zombie vibe you feel, so I'd basically like to build a big wall around the city and let them have their cultural enrichment.  Tongue
legendary
Activity: 2912
Merit: 1852
February 01, 2016, 12:39:34 AM


Another excellent piece, trollerc.  Thanks for posting it.

Europe is on the edge of becoming a neutered country, incapable of maintaining its society along the norms of "The West".  5 - 10 years after, they will become Islamicized.  It's already starting to happen, yet the Socialist Retards running EVERYTHING over there are hypnotized...

I wonder, trollerc, if the USA and/or Australia will allow their women to be harassed like that.  My guess is "no", but who knows.  At least in the West or South in the USA the Musloids would get an immediate ticket to their heaven, where their 72 goats await them.
sr. member
Activity: 420
Merit: 262
January 31, 2016, 09:25:44 PM
https://forum.bitcoin.com/ama-ask-me-anything/i-m-zooko-wilcox-ceo-of-the-zcash-company-ask-me-anything-t5413.html

Quote
Hello Zooko,

I'm interested in reading your goals and motivations for taking on anonymity in general or anonymous digital cash specifically as your priority project?

Haven't you seen the new laws coming (eventually in all Five Eyes countries I've heard from reliable sources) that will ban end-to-end encryption?

To that end do you expect to support a viewkey or other way that users individually or a global backdoor, so that Zcash can be compliant with the lurch towards a 666 NWO which seems to be rapidly taking form now (and I assert will accelerate with the full global contagion sovereign debt collapse 2017 -2020)?

I am all for the ideology, but I am also pragmatic. We as society may have to fight with social networking and the political-economic revolution of a DIY economy, e.g. self-publishing, 3D printing, etc.. I have been looking at the concept of a decentralized social network. Any comments?

Sincerely,
TPTB_need_war
AnonyMint
Shelby Moore III

Bold my emphasis. The proposed legislation in the United Kingdom does not ban end to end encryption. What it does however is to require those companies that provide proprietary encryption products to retain a back door key and make this back door key available to law enforcement. http://www.telegraph.co.uk/news/uknews/terrorism-in-the-uk/11970391/Internet-firms-to-be-banned-from-offering-out-of-reach-communications-under-new-laws.html?utm_campaign=Echobox&utm_medium=Social&utm_source=Twitter#link_time=1446482200 There is a critical difference here in that FLOSS end to end encryption tools remain perfectly legal and secure while proprietary end to end encryption tools would have a back door. This is not unlike the FinCEN guidance in the United States https://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html where proprietary development funding models for crypto currency (using the emission to fund development) will likely lead to a legal requirement for MSB registration while FLOSS development funding models can retain their decentralized virtual currency designation and avoid the MSB registration requirement. In Canada there was a proposed law that did not pass that required providers of email servers to retain records for law enforcement with an exception for those who ran their own mail server from their own homes.. A more relevant question to ask would have been: Given that you plan to use a portion of the emission over the next 4 years to fund your company, have you registered as an MSB with FinCEN or have you obtained guidance from FinCEN that MSB registration is not required in your case?

The pattern here is starting to become apparent. Click I agree on some company's terms for the use of proprietary software and become a slave, click I do not agree and use FLOSS tools instead and remain free.

Thanks ArticMine.

Yes I am aware that the proposed legislation in the UK (also afaik similar legislation proposed in the USA, UK, Canada, and Australia) only applies to service providers who offer encrypted services, not to open source code which users independently obtain, compile, and run on their own initiative. I was vaguely aware of this pending legislation and then I became more focused on it during my private discussions last month with the GadgetCoin team who have a P2P streaming technology named Streemo. The governments are not stupid to try to ban activity they can't possibly enforce (thus making the government look impotent), i.e. the government can't monitor/enforce against what each private citizen does in their home.

But I argue effectively the direction is to ban end-to-end encryption in general that does not provide a back door to national security agencies. The government can regulate the ISPs (internet service providers) and ban end-to-end encryption protocols that do not include a decryption key for national security agencies. I have also explained that using home computers as servers over asymmetric upload bandwidth home ISPs is a Communist economic plan (as I warned Bittorrent back in 2008 and offered them an economic solution for their tit-for-tat algorithm but they ignored me). And that protocols which allow illegal activities from unregulated home servers will be banned by ISPs and hosting providers. If you know of any technology to hide a protocol's patterns such that ISPs can't identify it, please enlighten me. There is some discussion of "Censorship resistance" in section 2.4 of Synereo's white paper, but that still seems to be inadequate.

Simply put, it is impossible to fight the government when there are choke points in the system which the government can effectively regulate. This is just common sense.

I added the following to that question for Zooko:

Edit: please be aware of a rebuttal by ArticMine (afaik is a Monero/Cryptonote developer) to my question about a possible ban on end-to-end encryption, also note the desire for an answer concerning registration with FinCEN for your plans to fund your corporation or foundation with an 11% royalty on currency emission (creation). Note I also mentioned that FinCEN issue in the "Fundamental challenges?" thread at the zcash forum. I have suggested you consider doing an ICO instead, and I think it would be wildly successful. IANAL so please do consult your own counsel, yet I will will make you aware of a thread of discussion I launched about whether crypto currencies are illegal unregistered investment securities under the Supreme Court "Howey test" in the USA. It seems likely that ICOs are illegal if openly offered to unsophisticated USA investors unless the ICO is registered with the SEC. The "Howey test" seems to be misconstrued by most interpretations and the Supreme Court explicitly stated that no obfuscation of the economic facts would diminish the efficacy of the intent of the securities law protection. Also there is some discussion about the interpretation of the FinCEN guidance which is an orthogonal issue to SEC regulations. The EU may have other regulations as well.
sr. member
Activity: 420
Merit: 262
January 31, 2016, 12:53:28 PM
https://forum.bitcoin.com/ama-ask-me-anything/i-m-zooko-wilcox-ceo-of-the-zcash-company-ask-me-anything-t5413.html

Quote
Hello Zooko,

I'm interested in reading your goals and motivations for taking on anonymity in general or anonymous digital cash specifically as your priority project?

Haven't you seen the new laws coming (eventually in all Five Eyes countries I've heard from reliable sources) that will ban end-to-end encryption?

To that end do you expect to support a viewkey or other way that users individually or a global backdoor, so that Zcash can be compliant with the lurch towards a 666 NWO which seems to be rapidly taking form now (and I assert will accelerate with the full global contagion sovereign debt collapse 2017 -2020)?

I am all for the ideology, but I am also pragmatic. We as society may have to fight with social networking and the political-economic revolution of a DIY economy, e.g. self-publishing, 3D printing, etc.. I have been looking at the concept of a decentralized social network. Any comments?

Sincerely,
TPTB_need_war
AnonyMint
Shelby Moore III
sr. member
Activity: 420
Merit: 262
January 30, 2016, 12:39:00 AM
Let's not forget that Peter Thiel awarded a $100,000 grant to Vitalik. Ethereum may not be only the investment scam that it appears to be to me, but also a gambit by consortium of the world's largest 42 banks to catch up with us and outlaw us:

Note the viable solution for Ethereum may be to centralize only the verification, and keep the voting power decentralized. This is essentially what I am proposing for my PoW design.

Nick Szabo also chimed in:


sr. member
Activity: 420
Merit: 262
January 25, 2016, 09:27:23 PM
They have money (some estimated a $million) because of premine scam and then owning the masternodes which leech a double-digit annual ROI from the coin. Since there is no usership, that means the bagholder investors are financing this.
legendary
Activity: 2912
Merit: 1852
January 25, 2016, 08:48:11 PM
Dash is a scam and inept technology. You apparently don't read all my posts in the Altcoin Discussion forum, else you would have known that I found egregious flaw in the math of InstantX and for many other reasons Dash is scam.

There is no reliable anonymity technology yet (including not Monero/Cryptonote due to unprovable/uncharacterizeable meta-data correlation). Maybe Zerocash (z.cash) which is coming...maybe...

Scammers are good at going to conferences and making promotions to sucker more greater fools who don't understand the detailed issues.


That's why I ask questions, amigo.  I have enough trouble (as a non-professional) just trying to keep up with Bitcoin.  The "alts" I am leaving for later, more learning up a STEEP curve for this 59 yr old.  And your comments have been very useful in detecting bad technology that I could not have found on my own.

Of course, I asked because they were there at the show.  They paid the fee to be part the conference, so they have enough of someone's money for the booth, brochures and expenses for their personnel.
sr. member
Activity: 420
Merit: 262
January 25, 2016, 07:12:05 PM
Dash is a scam and inept technology. You apparently don't read all my posts in the Altcoin Discussion forum, else you would have known that I found egregious flaw in the math of InstantX and for many other reasons Dash is scam.

There is no reliable anonymity technology yet (including not Monero/Cryptonote due to unprovable/uncharacterizeable meta-data correlation). Maybe Zerocash (z.cash) which is coming...maybe...

Scammers are good at going to conferences and making promotions to sucker more greater fools who don't understand the detailed issues.
legendary
Activity: 2912
Merit: 1852
January 25, 2016, 07:03:17 PM
...

TPTB and anyone else

What are your takes on Dash?  I was just at TNABC, and Dash had a booth.  Very crowded when I was there.  I picked up a flyer, but, IMO, it seems to be just another "alt-coin" that may or may not have any future.

They claim over 10,000 active users.  They claim speed (1 - 4 second confirmations AND 10,000 transactions / second) as well as privacy via a decentralized mixing service (DarkSend).

Their website: www.dash.org

Discussion welcome!

sr. member
Activity: 420
Merit: 262
January 25, 2016, 06:42:46 PM
Please put a pause on all your well-intended but rather useless (never ending) noise (drivel) about derivatives, what the government should do, evil of central banks, evil of debt, etc and all these superfluous issues that you can neither change nor which will determine the direction global society is headed. Let me have your undivided attention please. (RealBitcoin et al just please STFU for a while please since you won't grasp the relevance of the following)

Getting back to my writings (written in 2010 - 2012) which were the main theme of the OP of this thread back in 2013, and based on a recent paradigm-shift revelation on the markets for the crypto currency I am working on, I have now seen the light of how specifically the Knowledge Age I've been predicting will take form.

And glorious it is our future.

The key insight is that I now see how Knowledge Age producers (workers) will be paid digitally directly by Knowledge Age consumers, and the middle man can't exist (because the competition will be to remove him). I am not yet going to tell you exactly why this is so and all the mechanics because I need to retain this a secret for the time being while I am implementing this.

So what this means is that anonymity was never the way we were going to restructure government and fix society. Instead it is the coming social media metaphorsis of commerce such that there can't be a middle man which the government can expropriate. This is a critical distinction from the game theory in which the world operates now, because when the government can take on debt, promise everything to the masses, and then charge the costs of the taxes and/or end game regulatory capture to the large corporations (rich and upper middle class), then the majority (masses) are in no way incentivized to resist. This game theory is summarized in Some Iron Laws of Political Economics. CoinCube has also discussed this game theory upthread and I have some where in AnonyMint's archives better summarized and justified the Iron Law of Political Economics (I think the Dark Enlightenment thread and/or possibly upthread in this Economic Devastation thread).

So what happens when the majority earn their income and are paid directly by the consumers of the produced Knowledge Age work, is that the government can't charge the cost of the end game collapse of debt to any one! It is when the government can steal from the minority and buy off the majority with debt financed socialism, that the government power grows without bound until the minority is depleted and a Dark Age is entered. Luckily throughout history technology usually (but not always which is why there have been 600 year Dark Ages where only food was money) rescues society and the majority is able to recover its ability to earn income more directly. Examples of such past technological innovations would be soil management technology for agriculture, the spread of knowledge via the printing press, etc..

When the majority is directly earning the lion's share of the income in society, then the government will find it politically implausible to steal from the majority to redistribute, because the majority will refuse. It is only by appeasing the majority making them dependent on socialism and then stealing from those middle men who aggregate the capital, that the elite at the top are able to fool the majority into stealing from the minority and handing all the power to a super-minority elite. Without a minority to expropriate, the governments' debt collapses (this also includes the expectation that crypto currency can be redesigned to remain decentralized and thus the government won't be able to simply turn it into fiat again and print money out of thin air which steals from everyone and this also includes that even if they could, they will no longer be able to use that funny money to aggregate middle man controls... the entire paradigm of the Iron Law of Political Economics hinges on the existence of middle men extracting rents...this was a key epiphany)

Anonymity is entirely unrealistic and doesn't address the political-economic structural issue (that is why I have recently admonished Monero to look at anonymity as a way to make public block chains RELIABLY private, End-to End principled, and efficient but not for the purpose of avoiding taxation and encouraged them to look at making simple scripting private not just currency and thus I assert they need Zerocash/zk-snarks and not Cryptonote nor RingCT). Whereas a new way of thinking about social media and microtransactions does. Stay tuned for the second coming of Satoshi has arrived. And this will be the real deal.
sr. member
Activity: 420
Merit: 262
January 24, 2016, 06:35:14 PM

Now what is really fucking amazing is that the link quoted above worked correctly a few days ago when I issued it. Apparently someone in the Monero thread communicated to Bittorrent folks and had the entire archive of the Bittorrent forum removed from the archive.org. I am not joking and I am not hallucinating.

What possible basis could do you have for such an accusation and how does the allegation relate to the topic of technology vs marketing?

Because I viewed the linked archived content (and saw the existence of the Bittorrent forum archive going back many years even before 2008) when I made the post in the Monero Speculation thread, and now as you can see the entire archive is gone. And that was only a few days ago. So the probability that the sudden removal of that archive did not result from me pointing out that Bittorrent is in bed together with the corruption of the Net Neutrality movement is approximately Nil.

I am not saying necessarily that any particular Monero community member was responsible for the removal of the archive. I am saying that someone who reads the Monero thread and/or who reads all my posts was responsible. And it is very likely that TPTB are watching very closely all my posts, because they understand (as do many astute readers) that I am one of the brighter minds on the forum who is very truly anarcho-Libertarian oriented and that I have the marketing skills to actually make something happen on a large scale.

However, TPTB shouldn't fear me, because I am not going to do anything illegal.

The most important point to take from the post I made is that Bittorrent is a political gimick used to fool the masses into submitting to taxation of the internet bandwidth via Net Neutrality. Bittorrent was never economic. It is a fraud and those who are stealing content deserve their fate by buying into an uneconomic lie.

And this pertains to the Technology vs. Marketing thread in the context of we are discussing whether potential markets and technology are viable. It makes no sense to state marketing or technology are important, if we don't understand how delusions about each can be foisted upon us. Also I was responding to an upthread post claiming that we can replace centralized social media with decentralized variants. And to address that possibility, I must talk about the foundational issue of decentralized file storage. That should have been obvious from the post (and its context) that you are reacting to.

Also for those who don't fully grasp my economics point, the point is that if we try to force ISPs to give away bandwidth for free, then we in effect socialize ISPs. And then the government can step in with Net Neutrality taxation to make it "fair" by compensating some ISPs for others or what (but in essence what we have done is attempted to steal and thus the government is called upon to take over and steal from all of us). We are fucking idiots!

For those can't deduce the implications, without stealing bandwidth by doing file transfers P2P (taking the expensive upload bandwidth that ISPs have statistically allocated for client-server model paradigms) then we can't have file storage that is resistant to regulation and thus we can't steal copyrighted content (as I explained in my prior post that hosting content on servers will be regulated by the hosting provider's Terms of Service). Afaik, the reason upload bandwidth is expensive for ISPs, is because telcom "last mile" technology is focused on maximizing download bandwidth for the client-server model of HTTP. It is a natural law of physics that you would not run a main line water/gas pipe from the substation to each home, instead use multifurcation from the main to progressively smaller diameter pipes.

P2P can not be a bandwidth driven paradigm! Fuhgeddaboudit.

The problem for humanity is that ISPs are playing along with this Net Neutrality takeover (even while pretending not to), because of course it is a plan by which the internet can be monopolized and controlled by an oligarchy. So our problem is that paradigms such as Bittorrent which foster this theft, are less expensive to host content with. And thus this is why the new Bittorrent browser is receiving funding because TPTB have decided this a good direction to go and further their control of the internet. How can we can compete with the download costs of stealing it from the collective. We probably can't. So fucking clever how TPTB fooled us into thinking we had won (after they closed Napster and we thought we fought back), and yet we dug our own grave. Because stealing is evil. But the problem is that this lower bandwidth cost (by stealing it) paradigm can also be used for distributing legal content.  However Bittorrent does have the weaknesses that files are slower to start loading (i.e. higher latency), it isn't interactive, and it only applies to files that many users are simultaneously downloading. So thus we still have a means to fight back if we are clever.

When will fools learn that anything pumped up in the MSM is always a fraud to fool us. Kim Dotcom is being made into a martyr to fool us into believing that we must fight for Bittorrent every where and to give a boost to the launch of a Bittorrent web paradigm. We will be totally fucked with Net Neutrality.




It is amazing what they have done in the past few days since I made my post. They have gone back and restructured the content in the archives before the one I linked to, so as to remove the section where I had posted my thread about the economic issue. This has occurred since I made my post. This is no accident.

Also on the later dates they have removed the content and are instead pretending they were receiving an HTTP 302 error at that time.

I should probably kiss my life goodbye.

Nope.  He is saying the entire bittorrent archive was removed due to some kind of collusion between people reading his posts because he is a world changing, brilliant cryptographer. 



Now I know who is likely paying you to troll me. You are likely the mole in this forum. Your resume is a paid security consultant with some weak education credentials. You are here to make sure the readers are fooled.

I see you took it up a notch yet again Shelby the third.  Someone really needs to crowdfund some serious psychiatric help for you and I dont mean the outpatient kind.

Typical methods of a disinformation agent. The record of your obnoxious trolling is upthread for everyone to read.
sr. member
Activity: 420
Merit: 262
January 24, 2016, 05:43:57 PM
I think social media can possibly be taken over by cryptocurrency/decentralized/blockchain technology. Think about it... Facebook has a market capitalization of 266.3 billion. What if a portion of their net profit was distributed to its users instead? Which service would you use... one that makes money off of you providing you nothing in return, or one that pays you to use its service? There are likely a few projects attempting to capitalize on this space. The only one off the top of my head I can name is Synereo and I am on the fence as to whether it is is a legit project or a P&D... I am waiting on the sidelines for now. http://www.synereo.com/

One of the foundational technical challenges is decentralized, permissionless file storage (and databases); otherwise if a corporation is providing centralized file storage then they control the content and can monopolize.

Afaik, the current attempts such as Storj and Maidsafe have a fundamental economic flaw. That is they are selling for free that which is not free— the bandwidth (and most saliently the asymmetrically more expensive upload bandwidth) of the ISPs. I had warned Bittorrent about this flaw in their economic algorithm and had suggested a fix in 2008:


Quote
Did Bittorrent become popular without MSM coverage?

I'm not really sure.

Yes, it did.  The Bittorrent whitepaper was a breakthrough in p2p not matched until Satoshi came along.

All the cruft of Gnutella (anti-leech arms race kludges, supernodes, etc) was swept away by Bram's brilliantly elegant tit-for-tat algorithm.

Well someone did come along before Satoshi in 2008 and that was me (Shelby), but I was apparently ignored. I basically predicted the Net Neutrality shit we have now and was trying to improve Bram's concept:

https://web.archive.org/web/20130401040049/http://forum.bittorrent.org/viewtopic.php?pid=178#p178

Did Bittorrent implement my proposal? I never followed up (my life went on a tangent).

You can detect some more coherence in my writing back then because that was before I became so ill. I am amazed in hindsight that I understood the concepts of Bittorrent so well having absolutely no experience whatsoever as a developer in P2P.


Now what is really fucking amazing is that the link quoted above worked correctly a few days ago when I issued it. Apparently someone in the Monero thread communicated to Bittorrent folks and had the entire archive of the Bittorrent forum removed from the archive.org. I am not joking and I am not hallucinating.

What I had written there in 2008 (which luckily I reread a few days ago so my memory is refreshed) was I explained to the Bittorrent developers that their tit-for-tat algorithm was orthogonal to their optimistic unchoking algorithm, and that they could improve the tit-for-tat algorithm by have the two peers that exchange a shard of data to encrypt those shards. Then after the shards had been received by both peers, the decryption keys could be exchanged. The economic benefit is that the bandwidth has already been exchanged before each peer can use the data. Thus neither peer has any bandwidth cost reason to cheat. The reason this was important is because typically download bandwidth is much greater than upload bandwidth, so by forcing all peers to trade equally, it would mean that peers could only download as much as they could upload. Bittorrent didn't like this suggestion because they preferred to leech the upload bandwidth of those who have higher allocations with their ISPs thus forcing those ISPs to pay for the upload bandwidth that the other peers at the ISPs with lower upload bandwidth allocations do not incur.

I warned Bittorrent that without my suggested fix, then the ISPs would end up blocking and rate limiting Bittorrent, which is exactly what has happened as I predicted:

http://www.pcworld.com/article/145786/isp.html
http://guides.wmlcloud.com/windows/how-to-bypass-torrent-connection-blocking-by-your-isp.aspx
https://www.quora.com/My-ISP-has-blocked-all-the-P2P-downloads-Is-there-any-way-I-can-bypass-them

Note that any solutions to the problem of ISPs blocking P2P apps that involve a TURN (when STUN tunneling fails or is blocked), VPN, or other server in the middle, defeat the entire point of extracting the value of the bandwidth allocation of users provided by their ISPs, because then one is paying for the bandwidth of the server to relay the shards.

If Storj and MaidSafe max out the consumption of each user's upload bandwidth (thus leeching off users with higher allocations charging the costs to those users' ISPs), they will also be blocked by ISPs. Additionally STUN tunnelling often fails and thus a TURN relay server has to be employed (or using the other peers as relays thus leeching the upload bandwidth of those ISPs who don't block tunneling).

In short, P2P for bandwidth consumption between ISP hosted user accounts is not going to be reliable. Many users will have frustrations when trying to be a storage provider. It will not be the case that every user in the system can also be a storage provider. And it will probably end up being the case that the most efficient storage providers will be hosted on dedicated servers.

In other words, it is a fantasy to think we can get decentralized file storage without paying for it.

We can try to design decentralized, permissionless file systems that correctly incentivize the storage and bandwidth providers, and the users of the system need to pay for it somehow. Whether or not these can remain permissionless given the need to host these on servers is open to further contemplation and study. Most all hosting providers include in their Terms of Sevice a restriction on hosting illegal copyrighted content, so unless one can provide a mechanism for which illegal content is removed from the system, it seems to me that hosts will be forced to ban the protocol (system).

So where I am headed with this line of thinking is that we ought to just give up on illegal content and illegal uses of anonymity. It isn't going to work. It is a fantasy.
full member
Activity: 208
Merit: 103
January 21, 2016, 07:05:21 PM
"Goldman Sachs backs pro-EU campaign with 'six figure donation'"

Just had a pro(paganda)-EU marketing newspaper stuffed through the letterbox full of scare tactics, just like with the referendum on Scottish independence.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
January 21, 2016, 11:00:51 AM

I seriously disagree, look at the growth of wealth inequality since 2009, "the rich are getting richer and the poor are getting poorer".

If they "join bitcoin" I have no doubt they will pump/dump/manipulate the price to a point that they can accumulate enough bitcoin that they have total control over it.  Then it would be like any other centralized/elite controlled currency.

Unlikely, they cannot get rich from pump & dump, the elite got rich from comissions rather than trading.

All major banks are middleman, and hardly trade anything, that is to protect their wealth.

Plus their main income source is derived from printed money, bitcoin is a closed system.


That being said, by joinning bitcoin, they will pump up the price so much, that it will become a real safe haven, and they will have no choice but to stick with it, when the financial collapse comes.


Bonds, stocks, estate, all of it will deflate in price, that is not a good way to make money, especially if the bank or broker you are with will just go bankrupt. In  a systematic failure you cannot trade the classical way.


Most rich people just buy up cheap land in poor countries to look for a safer haven, so they are desperate to save their wealth.


Bitcoin would be the perfect safe haven for them, and they will eventually start using it.
hero member
Activity: 952
Merit: 1000
www.pumpmycoin.com
January 21, 2016, 10:54:48 AM
when we speak, whether there is something already built or what is built does not suit us , whether those functions laid down in them all of us or meet us there hand on heart something removed or what we know and what we believe, giving us the right to change it; we talked about what we build and that opens new opportunities we have gained the right, giving us shape and the ability to change anything and that having learned the lessons we were breached, we were not satisfied and that we do not have the loss; now we are talking about is created by us and is entitled to decide whether us what we have; of course the form is built on the values ( although other forms are not coming to mind ) and this form as a global form and that somewhere is not ocluzie and which is cumbersome and that valid well to electronics set vector, direction, and although the right of disposition values is still owned by the state and laws, but the quality and the quantity and level values regulated banks and question banks this regulation should apply on the level and that people as potential values for delimited and with these values the right to dispose in full, and that getting this right, the person will not stop and will not give a shadow of a doubt and a reason to degrade, though ; the achieved level, of course, makes you wonder, but perfectly acceptable and pleasant although the full picture is not visible and that the digital list values are likely to bring our plans to mind and we will expect and the speed of processing and the pleasantness of the service, but still repeating shape has the appearance of what is, while the options and thoughts from different parties can be a lot and this is only a form for discussion, one reminder in this "project" to be calm and not to spend on pointless thoughts a lot of time though, lol
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