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Topic: Economic Totalitarianism - page 77. (Read 345758 times)

hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
August 24, 2015, 02:02:04 AM
Since this thread is about practical solutions, I will post about an idea that I had when watching pawn stars.

In an episode Rick is selling silver to a costumer and the Old man says: “We buy silver, we don’t sell it” and then Rick makes fun of his father.

When I saw this, my first thought was: Hey that’s a good idea. A person with enough resources could create a pawn shop hire people and manage the business as usual with the exception that the business will buy gold and silver but not sell it.

This will be a way to obtain gold and silver without drawing to much attention to yourself, not only that if well managed you’ll obtain a thriving business and the possibility of buying gold and silver at cheap prices.
legendary
Activity: 3444
Merit: 1061
August 23, 2015, 11:27:59 PM
aside from networking i see two other major crypto currency hurdles for rural areas.

1.) cheap way to harness energy for electricity, these network devices should only need little energy from solar, wind or water steam to be online and transmitting signals.

2.) putting physical coins in common people's pockets..and the coins denominations. simple minded common people don't want operating systems (windows, linux, android or IOS) to transfer their money, they only need their hands.
sr. member
Activity: 420
Merit: 262
August 23, 2015, 10:38:54 PM

arielbit, thanks for this. I'm still looking into the pros and cons of shortwave for this application - plenty to learn! For instance, do you know how/if the "Rural Mesh Network" above could be adapted to be independent from the internet?


yes the "Rural Mesh Network" can be independent from the internet..it is like a separate internet from "the internet" but being disconnected from the internet will prevent you from accessing servers from a different location (e.g. google.com)

http://wirelessafrica.meraka.org.za/wiki/index.php/DIY_Mesh_Guide_Download

using dd-wrt, an open source hack to cheap routers gives some advanced routing features needed for networking. even Linux pc's can be used as routers. https://www.pfsense.org/

i think we should still interconnect any network (e.g. rural wireless mesh, shortwave/HAM radio) to the internet because internet is already inside peoples homes, in their pc's and gadgets..this will greatly increase adoption of crypto currency. These networks should function as backup network or an alternative route for transactions..just like being able to get your money from an ATM in Bank A and an ATM in Bank B even though your money is deposited in Bank C (their ATM networks are interconnected)


One of the arguments for being able to withstand the government's documented moves towards controlling Bitcoin[1], is that mining can move to any jurisdiction and any means of internet connection, even low bandwidth shortwave or HAM radio.


Who ever is rolling on this with professionalism will receive funding to help make it a reality for common people, if any coin I am involved with reached fruition.

So do your homework now.
legendary
Activity: 3444
Merit: 1061
August 23, 2015, 10:27:49 PM

arielbit, thanks for this. I'm still looking into the pros and cons of shortwave for this application - plenty to learn! For instance, do you know how/if the "Rural Mesh Network" above could be adapted to be independent from the internet?


yes the "Rural Mesh Network" can be independent from the internet..it is like a separate internet from "the internet" but being disconnected from the internet will prevent you from accessing servers from a different location (e.g. google.com)

the application from this as stated in the paper is voice over IP, electronic mail etc.. imagine rural areas without telecom landlines or cellphone signal, or simply being able to communicate without using services and paying telecom companies, all this using only open source software.

since the network is maintained by the community..the question is the cost? is it cheaper this way?

http://wirelessafrica.meraka.org.za/wiki/index.php/DIY_Mesh_Guide_Download

using dd-wrt, an open source hack to cheap routers gives some advanced routing features needed for networking. even Linux pc's can be used as routers. https://www.pfsense.org/

i think we should still interconnect any network (e.g. rural wireless mesh, shortwave/HAM radio) to the internet because internet is already inside peoples homes, in their pc's and gadgets..this will greatly increase adoption of crypto currency. These networks should function as backup network or an alternative route for transactions..just like being able to get your money from an ATM in Bank A and an ATM in Bank B even though your money is deposited in Bank C (their ATM networks are interconnected)


One of the arguments for being able to withstand the government's documented moves towards controlling Bitcoin[1], is that mining can move to any jurisdiction and any means of internet connection, even low bandwidth shortwave or HAM radio.

legendary
Activity: 1050
Merit: 1001
August 23, 2015, 10:20:46 PM
A form of government in which the state controls
every aspect of the individual’s life and all opposition
is suppressed.

Indeed, and most seem content to put up with it..
newbie
Activity: 42
Merit: 0
August 23, 2015, 10:14:46 PM
A form of government in which the state controls
every aspect of the individual’s life and all opposition
is suppressed.
legendary
Activity: 1050
Merit: 1001
August 23, 2015, 07:45:27 PM
I guess all I can do about it is facepalm myself as history repeats once again.
sr. member
Activity: 420
Merit: 262
August 23, 2015, 03:48:53 PM
Oreo and Trolcookies,

When this stuff started in Nazi Germany, everyone was as nonchalant and non-alarmed as we are now.

It won't happen to us.  Roll Eyes
legendary
Activity: 2940
Merit: 1865
August 23, 2015, 03:14:20 PM
...

trollerc

Now THAT is pretty sick of Spain!  She even took the photo down.  Next time she ought to put the photo up in a more anonymous place.

This would also seem to fit Martin Armstrong's idea that .govs everywhere are just going for the money. 

Money, nada mas!
sr. member
Activity: 420
Merit: 262
August 23, 2015, 03:11:10 PM
These are not addressing the block size scaling constraint. They are just referring to how fast nodes can verify transaction signatures. The former is the bandwidth elephant in the room and can't be scaled with existing consensus technology unless the mining is centralized on fiber connected servers.

In fairness there are many fiber connected homes now. Not everyone and not everywhere but it's become fairly common.

I can't even get reliable 3 Mbps download with 512 Kbps upload where I am. Many users will be on wireless devices.

Yes I as I said it isn't everywhere, but you don't need everywhere either, just "enough" places. I'd add that I've had 100-ish megabit wireless for quite a while too (and I sometimes use a location in a G7 country that just got upgraded to the ultra-speedy 3mb/384mb after many years stuck at 1.5/128!).

No if you want to maximize resiliency against a bezerk totalitarianism, you need to be able to mine from any where and any connection. We don't even know if they will shut down the internet. We have to be prepared for everything.

You love to argue just to argue don't you? How about cutting to the chase? Or do you really don't want to win.

I don't disagree that massive blocks or fast blocks are problematic with a Bitcoin-style chain (nor that being functional over ham radio, mesh networks, etc. would be preferable) but I'm not sure that "increasing" centralization is inevitable with simple scaling either. It is a race between capacity and available connectivity. Six years ago when Bitcoin started the availability of even 10 megabit connections was far narrower. Gavin may be wrong overall but there is some merit in his approach too.

It depends on the threat environment. I'd prefer ultimate resiliency given there are no tradeoffs and it is simply better in every way.
sr. member
Activity: 420
Merit: 262
August 23, 2015, 09:18:26 AM
Well I thought eMunie might be a competitor to what I am doing and a potential solution to the totalitarianism, but now I highly doubt it:

Evaluation of eMunie

CN = consensus node = holds local information regarding the state of the ledger, and likely peripheral repository content.
IN = issuing node = challenges CN to insure they hold the correct data
SN = service nodes = only they can earn trust, and only if they respond to services timely. Thus CN and IN must be SNs.
TXN = transaction creation node = seed the trust earning process for each txn for a chosen service. Unclear how the network reaches consensus on trust awarded.

To start, one nitpick is there is no reliable concept of time in a consensus network, so instead you must base decay on blocks elapsed. If you entrust consensus on time, it adds another complex attack vcctor.

If I understand the general conflict resolution concept (ignoring for the moment possible attack vectors created by the bandwidth optimization that need more study), transactions are propagated over the network and counter signatures (CS) weighted by trust of the SNIDs propogate telling each node which of each set of transactions (amongst each double spend set) are the "first seen" transaction.

The attack vectors are DoS (especially on network propagation), Sybil attacks (spreading trust around to infinite nodes in order to control the transaction propagation order legally in the protocol), and collusion of nodes (legally within the protocol).

You address the Sybil attack due to trying to impart trust to self by creating spam transactions, but you don't address the Sybil attack designed to control propagation order. Additionally your proposed solution to transaction spam is flawed because if the transaction fees are greater than what is earned by any node(s), then eventually the money supply must go to zero (and that is true even if you create new money supply in other ways since the game theory will be holistically connected).

Also what is the financial incentive for these nodes to participate? Game theory can't be analyzed without that information.

You will have a very difficult challenge to beat me in terms of designing a better consensus network. Seriously. Good luck.

P.S. you have decent coin name. Perhaps you may consider abandoning your (what appears to me to be a) faulty design and joining me.

No personal offense intended, and I will not harp on this. Again good luck.

sr. member
Activity: 420
Merit: 262
August 23, 2015, 07:45:26 AM
sr. member
Activity: 420
Merit: 262
August 23, 2015, 07:04:51 AM
1. TPTB have no conception of themselves benefiting from a Knowledge Age if they don't expand their monopolies. They are fighting over a smaller pie and have even stated that is their goal, e.g. Georgia Guidestones et al. Individual members may avail of anonymous means of hiding wealth and as anonymous competition within their ranks.

2. Boomers are philosophically against self-control and survival without a State. The State and hedonism are their glorious creation. They'll abandon it only when they're dead. The boomers drove the education and culture of the society of the generation after the X gen (my generation observed the transition and the State breaking the family unit so we rebelled, at least in the USA and I don't know about Europe). It is only the X gen (my generation) would are somewhat prepared en masse. From the latter generations in the West, there are a some exceptions on an individual basis and especially in the USA. Outside the West, the people are more prepared in the sense that many grew up surviving in difficult circumstances, even agrarian; and they have lower debt and State unfunded actuarial social welfare liabilities. But most in the developing world even though they didn't have the State take care of them, are very much socialist and want to copy the Western socialism asap.

3. So the likely outcome is very similar to Rome's fall. First the waterfall collapse, then as Constantine did, a renewed socialism religion towards global socialistic contract via a one world reserve currency with all axis powers sharing a vote in its global central bank. The youth of the world will follow starry-eyed into the NWO eugenics. The Knowledge Age will marching ahead growing much faster than that political morass. The political morass will be attempting to parasite the Knowledge Age with expropriation and taxation. I think in the end, that unproductive old world economy dies. But it will die hard because TPTB and boomers did such a glorious job of indoctrinating the world into socialism.


------------------------------------------------------
I know how fast things escalate (according to history et al) in a down-wards spiral - but spurred by your recent posts about the fall of Rome, I was contemplating that the real suffering in Europe/west likely won't come before a generational shift. Yes, we will likely see a waterfall event - and fall down very fast - however, we still have a two generations that have a lot of know-how. However, the young generation seems to largely have lost that - for several reasons. One being they never learned to take care of themselves (in many ways, physically, mentally, growing food, repairing things, hedonism, innovate etc) because the state does that for them. The older generations still have some of all that knowledge inherent in them. Secondly the thought is that the large rates of unemployment escalates this issue, where most young people in their most productive and years, where they should learn the most, are not learning anything new. They are not being handed any knowledge - in fact many places we see them being handed inferior knowledge (purposefully or not, e.g. Common Core).. And many are not seeking it themselves either.(i.e your point about Westerners being fucking lazy... most of them..)

By saying all that, I'm not disregarding things turning to shit real fast. I'm probably arguing why it will continue to keep falling down.

I am also thinking that if TPTP are smart(er) and not just self-propagandized to believe that top-down control rules everything, then they should allow for a knowledge age to flourish in which they themselves can benefit. If they tread too hard and too much they suffer themselves (in what's available etc.)

------------------------------------------------------
Aug 23

Armstrong's computer predicts that political divide in the USA but it might take longer than a few years. Looks like the USA will swing hard to the right politically this Nov 2016 election, then riding the up to the 2017.9 peak and then after fall into the economic abyss. 2018 forward is going to probably pandemic, war, chaotic shift in personal financial status every where.

So if I were you, I'd be preparing a plan B bug out for 2018ish, just in case you need it. If you don't need it, then great. But better to be prepared than not.
sr. member
Activity: 420
Merit: 262
August 23, 2015, 07:03:05 AM
EDIT:  If we act as optimists (to a degree anyway), there is a case for PLATINUM, as its use is likely to increase with an increase in world GDP (as a catalyst -- much needed in China for example).  But, being optimistic seems to be dangerous now (DJIA down 1000 points last week).

After 2020 or maybe not until 2032. Not now.
sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
August 22, 2015, 10:24:46 PM
A hierarchical monetary authority (e.g., the digital economic system whereupon a certain poster to this thread claims to labor) would not resolve the issue the citation below invokes in a manner that favors the non-plutocrat. (See the below.)

http://www.zerohedge.com/news/2015-08-16/zero-hedge-what-should-we-do

this is an interesting read for those of you who follow zero hedge.

He is stating the obvious (financial markets are rigged, economic indicators are manipulated, etc) and asking for real suggestions on how we can chan[g]e the world for the better.

One main problem is the money these bankers/governments/militaries control.  The money gives them power to do anything, buy anything, and buy anyone.

So how could BTC make a difference?  If the elite are able to get into BTC, I don't see how it would be any different than the current system in place.
legendary
Activity: 2940
Merit: 1865
August 22, 2015, 09:57:57 PM
You did say that but small is unqualified and often people include their illiquid assets in the calculation.

I though you might have 5% of total networth in gold, thus perhaps up 20% of liquid networth. At those levels, I sense goldbug fever.

If you are safely within reasonable diversification, then my apology for prying into your personal matters.

I just get offended by "gold price manipulated" and other tinfoil hat-speak because I allowed myself to get suckered into that and held 80% of my liquid networth in silver and ended up being destitute by now partially because of that decision. Not because I didn't issue sell orders per my prediction of top at $45, but because in order for my physical silver to follow me to the Philippines it had to be placed with a local dealer who then ... I'd rather not say...


10-4.  I do not believe that gold's price is any more manipulated than anything else.  It's too large a market.  There *may* be some manipulation around the edges, but, IMO it is pretty meaningless.  And I don't care anyway.

SILVER, ahh, the "Devil's Metal"...  I have a tiny holding, mostly as a small hedge for a serious TEOTWAWKI.  On the other hand, silver has NOT been used in any of the recent countries that have had hyperinflation.  Silver was NOT used in Peru during their hyperinflation (1980s).

You write gold may be over-hyped.  Bet you have a good take re Ag hype...   Smiley


EDIT:  If we act as optimists (to a degree anyway), there is a case for PLATINUM, as its use is likely to increase with an increase in world GDP (as a catalyst -- much needed in China for example).  But, being optimistic seems to be dangerous now (DJIA down 1000 points last week).
sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
August 22, 2015, 09:56:27 PM
I just get offended by "gold price manipulated" and other tinfoil hat-speak because I allowed myself to get suckered into that and held 80% of my liquid networth in silver and ended up being destitute by now partially because of that decision. Not because I didn't issue sell orders per my prediction of top at $45, but because in order for my physical silver to follow me to the Philippines it had to be placed with a local dealer who then ... I'd rather not say...


Which confirms this post.

(I.e., your valuation of a precious metal is derived from its "physical properties" [username18333].)
sr. member
Activity: 420
Merit: 262
August 22, 2015, 09:52:10 PM
You did say that but small is unqualified and often people include their illiquid assets in the calculation.

I thought you might have 5% of total networth in gold, thus perhaps up 20% of liquid networth. At those levels, I sense goldbug fever.

If you are safely within reasonable diversification, then my apology for prying into your personal matters.

I just get offended by "gold price manipulated" and other tinfoil hat-speak because I allowed myself to get suckered into that and held 80% of my liquid networth in silver and ended up being destitute by now partially because of that decision. Not because I didn't issue sell orders per my prediction of top at $45, but because in order for my physical silver to follow me to the Philippines it had to be placed with a local dealer who then ... I'd rather not say...

Silver and gold are fine as long as you don't really expect to ever sell them, which sounds like your case.

I found them to be a major hassle. I couldn't even transport them without having to pay bribes.
sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
August 22, 2015, 09:45:36 PM
I do not hold gold to trade it.  "Paper gold" is worth less to me than the real thing.  So for me to monkey around with the GLD (etc.) is a non-starter.

Which confirms this post.
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