Topic: Martin Armstrong Discussion - page 167. (Read 647054 times)

Interesting, mine was also unchecked by default. I understand it because I get non stop newbies spamming me shit, but I would like some updates by CRED.me.




Still haven't seen a good reply by you addressing how gold's supposed "organic total supply" is better than following hard-coded rules. Money it's all a social construct so people don't kill each other... why not have it as a clear, open source set of rules rather than a random "organic supply" which can make your wealth crash if a ton of it is found somewhere? also the fact that gold is useless in the 21th century still applies. There are cameras everywhere, scanners.. forget about financial privacy with it. I don't see why goldbugs always don't see that while claiming financial privacy digitally is impossible.

Bitcoin going up and down is a given, let's see when it's half gold's marketcap.

mine had been unchecked. and i sure didnt do anything.

Interesting. Though on checking my profile just now, “Allow newbies to send you PMs.” is checked (I've never edited the setting). Have they changed it back again I wonder?

Europe's Central Bank is not printing money anymore and giving it to the Governments. This decrease in money supply will cause interest rates to go up because there's still demand from Governments to borrow money. Short term this will increase interest rates and will attract investments. However, if interest rates go up too much, it's going to destroy the economic confidence, and things go down hill. All this info is not 100% correct, just summarised points in my interpretation.

oh thanks for that even if not for me!
hey that part you quoted ^ I was trying to help
there was tonnes of spam from newbies recently...
good luck

If y’all are wondering why you’re not receiving replies…

As predicted, if y’all click your Profile →Profile Settings →Personal Message Options, you’ll notice that “Allow newbies to send you PMs.” is unchecked. This change was apparently made automatically recently to every established member’s account so as to prevent Newbies like myself from private messaging you (about for example an update on my health).

@OROBTC, I don’t think @CoinCube reads this thread. You may wish to notify him.

Who wants to bet this forum is controlled by people who are bought. The question is bought by whom.

(To the naive who are messaging me asking about if Raiblocks has solved anything important, please learn to use Google to search my archives by keyword. Raiblocks is and always was nonsense, but even nonsense with technobabble hype has a speculation value during this crypto bubble)


Well at least Theymos could stop asking for microBTC when the damn fee for sending it is 1000X higher. Can he be pragmatic and accept BCH? Or just be honest and ask for milliBTC to whitelist a newbie. I think I could afford it, lol. But at the time, I had no BTC only BCH in my accessible wallet and the minimum exchange to BTC via ShapeShift or Changelly was several hundred $ worth. I wasn’t willing to pay that just to be able whitelist an account that’s likely to get banned any way.

"Anyone".. really? you are anyone, can you raise the 21 million coin limit right now? And last time I checked, BCH is an altcoin, and everyone knows that, it's a separate network, different EDA, and so on. I have never seen anyone being able to raise the 21 million coin limit on actual Bitcoin, have you?

Bitcoin is supposed to be used by high finance moves, so if this theory is correct, then the price will keep growing along with the fees. So if you have to pay $1000 but BTC is worth $1million, then so be it? It's still cheaper than pretending to move $1million worth of gold around undetected.

Also, you didn't address my point on how it's not clear to me if "organic supply" of gold is better than a man-made total supply that we all know about. Like I said before, if you or your family live long enough to see a discovery of an huge gold mine, your/their gold's purchasing power will plummet. Meanwhile, if Bitcoin is still a thing, it's purchasing power will be unaffected or go up as a result.

Also, how do you even know you are not living in a computer simulation? maybe there is no such thing as "gold's organic supply" and it's also coded by whoever created the computer simulation.. and so on. So I would rather have clear rules that we all have to follow than just hoping your holdings don't collapse if we find massive amounts of gold somewhere in the future.

Can anyone explain today's Armstrong s posts on euro?

Can anyone explain what Armstrong has written in the two posts in HS blog today?

Anyone because PoW does nothing to force convergence of rough consensus attacks (aka forks or altcoins).  This is because cryptocurreny is inherently non-fungible.  It doesn't matter if you mix inputs to hide sender/receiver; that does nothing to solve the problem.  Assumptions go into the white paper that things like the longest chain rule will prevent two coins with the same algo from existing at the same time and that PoW will force convergence, yet BTC and BCH both exist at the same time with the same algo, clearly nullifying that assumption.

You agreed with my example that cryptourrency does not actually have scarcity because Vitalik can create one billion scamcoins in his basement by snapping his fingers then do it again five seconds later.  The fact PoW does nothing to solve rough consensus attacks means proof of work is in the same boat.  It just happens through slightly different mechanisms.  

So called "network effect" does absolutely nothing to force convergence either, because bitcoin has built-in usurious middlemen called transaction validators who want a cut of every transaction.  Since block space is highly limited, the success of bitcoin is it's own worst enemy, increasing fees exponentially and giving it a reverse Schelling point - driving users to OTHER chains to avoid usury fees, compounding the inability of PoW to force convergence even further.

It’s a social construct. Keep fighting it but this simple truth won’t go away.

Who on Bitcoin can snap his fingers and create money out of thin air? It may be true with Ethereum and any other crypto that has a visible leader which has insane amounts of power and influence (basically the creator tends to have this cult following), but who would be allowed to hardfork Bitcoin unilaterally to raise the total limit supply?

Also as it it really artificial scarcity? The power to generate the coins is very real and exists on the universe (which is why I don't believe in non-PoW proposals thus far). The curve of inflation is what's coded... but once coded it cannot be changed realistically. It's an interesting thing to think about.

In any case, are you sure "organic scarcity" is good and better than an strict set of rules which everyone has to follow?

Suppose you are holding gold, then technology allows us to go into asteroids and we find an insane amount of gold somewhere else. You may not see this but if you have kids or family that inherits your gold, they would, then their gold purchasing power would collapse as huge amounts of gold are found interplanetary or in asteroids. At that point you are fucked, but if Bitcoin is still working, Bitcoin holders would be the winners.

Jews using same game plan in the US as they used in the USSR:

https://dailystormer.red/new-south-carolina-law-will-make-it-illegal-to-criticize-israel/

Confiscate all assets under communism (or just let the fed print money and buy all the stocks), give people the death penalty if they criticize jews, then implode the system and jewish oligarchs get first dibs to buy all assets for pennies on the dollar.

I'm surrounded by scamming baboons:

Would you say that bitcoin is a cuckold movement?

Google: IQ test + police job assessment usa

lol

I saw those videos, and more. Did you see that Marshal put that Teacher in handcuffs and forcing her out the door? Hardcore. They ended up not pressing charges (because they have no grounds). I think they're abusing their powers when somebody speaks out and they want to shut them up. It's uncalled for. You can see in their actions they're corrupted.

Then let's get back on track.  Armstrong has two new pieces re .gov over-reaching:

https://www.armstrongeconomics.com/international-news/rule-of-law/judge-throws-out-govt-case-against-bundy/

Note Armstrong's emphasis: “flagrant prosecutorial misconduct”


https://www.armstrongeconomics.com/international-news/police/are-police-acting-like-thugs-because-judges-refuse-to-defend-the-constitution/

Cops acting like thugs.  Unpossible!