Topic: rpietila Altcoin Observer - page 48. (Read 387491 times)

And what does that change? Most developed nations already use digital currency, as most payments are in electronic form. How does this affect crypto currencies though, which are stateless? Care to explain?

Sounds like AnonyMint is a tinfoil hat if he is suggesting that a centralized crypto currency like Equadors state currency, will over take Bitcoin.

The government is all about having control, they could run their own Bitcoin and force people to use it. But who would support THAT government? The rest of the world wouldn't care about it and the truth to the Equador people would get out there as long as we have the internet for communication.

In the long term anything that is controlled by one or few people, would not be supported by the rest of the crowd.

Sounds like AnonyMint is a tinfoil hat if he is suggesting that a centralized crypto currency like Equadors state currency, will over take Bitcoin.

sovereign governments.... effectively keep a portion of M2 growth ... to prop up failing banks.

Regardless of what AnonyMint actually suggests, I wonder if you have a point with Ecuador.  Suppose, in some possible world differing greatly from reported plans, that Ecuador's Central Bank clones Bitcoin Core and modifies it slightly so that the Central Bank is the sole mint which can mine the digital currency. Furthermore, in this possible world, Ecuador retires its dependence on the US dollar and mandates the new digital currency as legal tender.

Sounds like AnonyMint is a tinfoil hat if he is suggesting that a centralized crypto currency like Equadors state currency, will over take Bitcoin.

And what does that change? Most developed nations already use digital currency, as most payments are in electronic form. How does this affect crypto currencies though, which are stateless? Care to explain?

That's what the Jacobins, the Bolsheviks, the Nazis, the Khmer Rouge, the People's Liberation Army, and ISIL said.
Even winning the revolution does not constitute winning simpliciter.

And what does that change? Most developed nations already use digital currency, as most payments are in electronic form. How does this affect crypto currencies though, which are stateless? Care to explain?

Tangible things are like so totally yesterday.

Like, personal force-fields, both wearable and protecting your valuables?
Well, this is SciFi.
I love SciFi, mind.
Now, back to the present...

Economy of Knowledge

Since recorded history began, the knowledge production share of the economy is inexorably increasing, which is why the cost (i.e. relative value) of hard resources has inexorably declined over the centuries (see the chart). Iron was a precious metal 323 B.C..

My friend told me that this topic is a high quatity about altcoin.I just buy some XCR and i think this price of XCR is too low,what do u think?

Not trying to be super picky with your post...I respect your thoughts immensely.

There is one other item at Poloniex, "JLH", that is basically a basket of NXT exchange assets collected by jl7777, that I think might also satisfy the test. 

Again, not trying to be a jerk and I wouldn't expect anybody to be familiar with every obscure listing on Poloniex.  But that one might also fit.

The problem is not economy, it is the perpetrators of injustice.

...nation-states to adopt their own digital currencies.

Imagine a world where everyone is armed with individual technology which thwarts force. Then we don't need the government to protect us from warlords.

Welcome to the Knowledge Age.

We don't have much time remaining:

http://armstrongeconomics.com/2014/09/03/ecuador-will-be-the-first-country-to-start-digital-currency/

Powers-that-be are also taking control over Butthurtcoin, with mining centralized in a couple of pools, and soon the money supply locked up off-chain:

https://bitcointalksearch.org/topic/m.8649126
https://bitcointalksearch.org/topic/m.8663871

My original theory of Bitcoin was that it was created by TPTB to suck in the high-tech libertarians and keep them preoccupied on speculation and greed so they wouldn't actually develop Nick Szabo's idea into something that could actually challenge the NWO plan. It seems they are succeeding. The ETFs will be concrete boots on Bitcoin...

We sent out a request of information regarding Ecuadorian bitcoinpolicies to the central bank of Ecuador since we recently have imported the first Lamassu bitcoin ATM machine into the country. You can read the responses from the Ecuadorian Central Bank and the Superintendencia de Bancos y Seguros here: https://www.mediafire.com/?lbmdn0677s8tx1e

So Ecuador are following in the footsteps of Bolivia and have decided to effectively ban every business model that has to do with Bitcoins and seize total control of the money system. The central bank will launch their own "electronic money"-system based on the USD later this year.

So right now we need to get rid of the Lamassu ATM-machine. It's completely new. I can ship it with FedEx anywhere in the world. And it can be picked up in Quito, Ecuador as well.

Taking bids on the machine, will sell to highest bidder! Price new was $5000 and it was a 3 month waiting time to get it delivered. If you buy it from me, you will have it sent straight away with FedEx or any other courier you wish to use. It is possible to do escrow on the deal as well.

Who am I? I used to sell bitcoins on localbitcoins under the name BitcoinsEcuador : https://localbitcoins.com/accounts/profile/bitcoinsecuador/ Until someone hijacked my localbitcoins-account, so the account has unfortunately been banned, but you can search for BitcoinsEcuador on the localbitcoins forum and those posts will explain the situation surrounding the hijacking. I'm back on localbitcoins as bitcoinsecuador2 : https://localbitcoins.com/accounts/profile/bitcoinsecuador2/ If you contact me and are interested in buying the machine I can give you more verification of my identity.

Matthew at Lamassu is also aware of our situation regarding the ATM, you can talk to him as well. [email protected]

For more information on the Lamassu bitcoin ATM read more on https://lamassu.is

E-mail: [email protected]

 Ecuador is planning to create the world's first government-issued digital currency, which some analysts believe could be a first step toward abandoning the country's existing currency, the U.S. dollar, which the government cannot control.

The virtual currency, which Central Bank officials say they expect will start circulating in December, does not yet have a name and officials would not disclose technical details, though they said it would not be like Bitcoin. The amount of the new currency created would depend on demand.

Deputy director Gustavo Solorzano said it is to exist in tandem with the greenback and, by law, be backed by liquid assets. It would be geared toward the 2.8 million Ecuadoreans - 40 percent of participants in the economy - too poor to afford traditional banking, officials say.

Users initially will be able to make and receive payments at minimal cost using their cellphones, Solorzano said. Such mobile payments schemes are already popular in African nations including Kenya and Tanzania, where they are privately run.

The new currency was approved, and stateless crypto-currencies such as Bitcoin simultaneously banned, by Ecuador's National Assembly last month.

http://hosted.ap.org/dynamic/stories/L/LT_ECUADOR_DIGITAL_MONEY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-08-29-08-28-04


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That's socialism for you: ban what is free and open and make it closed and not free...  

And your remedy to the situation is what? First of all, I am a little surprised of your continued compliance. We would not need any coins if all the people just decided that enough is enough. The problem is not economy, it is the perpetrators of injustice.

I somewhat agree this is often the case, but generalising and saying "no force full stop" turns it into an utopian anarchy which exists only in fools' dreams.

If there isn't someone entitled to the use of force to mantain order, someone else will just decide to use force to his own advantage: this is anarchy.

So, unless you plan to become a Warlord in a world controlled solely by Warlords (in that case please let me know and I'll consider moving into your territory if that happens), you should aim to fix the government, not just to bash it.

It might satisfy it, I don't really know what Supernet is.  Very possibly it does, from what I've read of it.  Ethereum has perhaps a similar issue.
Certainly none of the other items on offer at poloniex would satisfy that test.
Open sourced distributed developed software money is neither a common enterprise, nor does it depend solely on the efforts of#4.
Centralized development can become problematic however as it pushes the line closer to #4.

#2 Expectation of profits...  There seems to be quite a bit of that being promulgated.

When it comes to Ethereum the ether itself may of may not meet the test, but I fail to see how the promise to create or deliver the ether in the winter or 2015/2015 does not meet the test.

https://www.ethereum.org/