Topic: rpietila public diary (Read 86433 times)

The General Supernode Meeting dismissed after 75 hours of deliberation. The vote to reactivate the supernode was affirmative 16-7. The first tasks of the supernode: opening headquarters and bases, nominating officials and setting up communications.

The General Supernode Meeting will be held in Tallinn, Estonia, starting 18.1.2014 at 12:00. The invitations have been sent.

There is the class of Freemen, for people with some but less than 1,000mBTC. You did not likely ever consider the idea, or even see the OP This is a problem with forum communication, to weed out the noise, which prohibits the real talent from participating.

I also will close down. I will be back when we are 1/3 of the way there, I mean from $.11 to $300. The point is $1.4/mBTC, and then I will come back, this forum or something else. I think it reasonably demontrates that there is merit in my prediction, and also I have more than 10x the resources to carry it further.

So see you my friend, until probably further this year, or next, or never! 

I'm just interested in seeing some positive organization in bitcoin. I don't know anything about rpietila on a personal level. I've just followed his posts and support his organizational ideas. I think they are good ideas because they are type of thing that happen naturally regardless of who is the first to come up with the idea, or who actually steps forward to implement it. As you can see with what happened with rpietila's idea for the BDNA. Localbitoin ended up implementing a very similar network with the same fundamental goal. Similar enough that rpietila saw fit to pause his development of BDNA.

At least he is actually working to further bitcoin. Most people here seem to have an aversion to progress.

Human society in almost all cases gravitates towards these types of power structures. Only difference here is that I think rpietila understands that inevitable fact of life and embraces it as opposed to rejecting it. As you can see in his design of the Supernode concept.

Even the purest anarchy is just a temporary transitional state. It's not something that is very likely to be sustained. Unless there is some sort of radical cultural change with regards to how people embrace social structure. But this is almost certainly not going to ever happen, seeing as how I think it's somewhat obvious that humanity embraces social structure.

I agree with this, keep it up!

0.5% is perfectly reasonable. You're creating an elite club, not a new egalitarian society. Besides, if you make the entrance fee too low or zero, you will have lots of ppl with passing interest and no commitment. Lame result guaranteed.

Interestingly enough, many libertarians flock to Bitcoin because they are sick of the "power hierarchy" involved in money. They're tired of the corruption, money shows, and power struggles that result.

It only took a few years though for bitcoin to become full of those who would seek to make it a miniature power struggle that real world doesn't even care about. You've got people creating pseudo "foundations" that charge bitcoins for the "right" to vote on something that you can easily vote on with your money instead. You've got people trying to create business investor groups to hold down competitors while preaching libertarianism in public (false prophets). And finally you've got those who seek to make bitcoin a pissing contest instead of just using bitcoin for what it's meant for.

If all it takes to be "important" or "in control" (mining) in bitcoin is to have lots of money, then bitcoin has already failed in its decentralized goals. I have never and will never respect someone for having more money because I understand the fragility of assets, especially bitcoin, which can be forked instantly whenever the people "in charge" start fucking it up for the rest of us. Makes it really hard to take power structures and ploys for rich men seriously when the bank's very foundation and backing can be ripped out overnight and new banks can pop up the next day with a different backing.

I see bitcoin's price as being backed by the trust of developers and the current ownership of mining power. If Hitler owned all the ASICs in the world, Bitcoin would fork to something else. If Gavin was bought by the NSA to do their bidding (and a dozen other developers were threatened or bought), Bitcoin would fork to something else. Why build power structures around such temporary and easily removable backings?

In the past, progress moved slower and people had more time to adapt.  Now it is very easy to overload oneself.

Yeah. I already heard that paying 0.5% of your holdings as a registration fee is preposterous. If you are shy and do not like the social gatherings, you do not derive enough value of this.

Otoh, if there is no fee, people who like to be in high positions, will just register as Dukes, and the network will never function as intended.

Would you think, this is cool even if only 1% of the Bitcoiner population is doing it? 0.1%? I think the top of the pyramid is already well formed, and there are 200-400 people in Prince level or higher (3kBTC or more).

The Supernode concept needs to be developed over time and marketed so that people can become aware. I don't believe it is something that most people understand the potential of. I think in time people can come to understand the benefit of a social organization such as the Supernode network.

It's somewhat similar to the Lions Club or Freemasonry. But potentially on a much bigger scale as since the network is based around bitcoin, it grows while bitcoin grows.

There is value in that. But I believe the idea is not obvious for many people in bitcoin. And it needs to be communicated in such a way so that people can have a better understanding.

I mentioned in the Wall Observer that I had sold some bitcoins, and at least the following 5 pages are discussion of my mental illness.

Also needed to disclose some facts:

- I am currently located in a closed mental institution run by the City of Helsinki, with 1-2 weeks to get out hopefully. They took my communication things away for about 16 days when they found out that I was so public in the Internet. Now I am recovering and could take part in trolling (if there was any price action).

- I have more than 2,400,000mBTC, after selling some today because I feel medium-term (1-2 months) bearish. Otoh I have less than 35 million mBTC. I am a large player since at one time I manipulated the price from 117 to 97.52 with the help of only one other wallmaker. There is at least 100 richer people in the world though.

- I have a wife and a kid 11 months old.

- The picture with silver bowls in my head is taken from our Silvervault teaser video, and the guy is me about 3 years ago.

- I still own, manage or run about 4 companies that deal with gold, silver, bitcoins and currencies. They are incorporated in Finland and Estonia.

- The BDNA is a serious concept but I don't know whether it will gain any traction. The Supernode is a real-life action roleplay, and also is not immediately gaining traction.

- Soon I will expand Silvervault to fully accept incoming Bitcoin transfers, which would make bitcoin<->"physical investment silver"<->"physical gold" transactions easier than ever before. This will likely be my greatest contribution in the following 2 months (apart from me getting better that is).

Thank you. I am more and more sure that I don't need to do so much. My greatest contribution to bitcoin economy was the calculation that 1 Bitcoin is worth $300,000 U.S. Dollars. Anything else I do is secondary. Especially now as I cannot think or do much due to my hospitalization. I just wait while the others' actions realize the $300k. I think Jeremias' Localbitcoins.com is currently the toughest thing going on in Bitcoin.

Now this could become an interesting discussion. Two extreme personalities meet.

The diary resumes

Funny. I am in a mental ward, and now I can post freely. But there is not so much to post. My family came to see me. Astrid/they have come every single day during the communication lockup, as she knows how important it is to maintain contact. During the lockup I really did not have much to do. It is the whole idea of this treatment. The patient must be detached from everything he has done to effect a sufficient cooloff. It hurts. But it is required (the same can be accomplished with stronger medication, but Finland is not a place for that).

After I was sufficiently normal, about 2 days ago, they gave me the iphone and macbook back, and now I can go outside 2 times per day (which is pretty much enough, since I cannot go outside the compound anyway. There are 5 light meals per day, and during meals you cannot go out anyway. Also you must sleep in your room. There are as many people as stories. Some are quite horrendous, some are just sad and concern divorce court cases where there are unborn children involved. Most patients are here willingly, I was asked, whether it is OK that I am unwilling. (Read the sentence again and be surprised.)

I ate all the meals, saw my wife, and Hilla played on the bedrock that is visible in the middle of the compound. Was so hungry that ate 2 raw chocolate snack bars. Tried to smoke a cigar, but it kept on dying. I have smoked more cigars here than days, I think the maximum was 5 per day. And we are talking good 10+ euro stuff. Still don't know whether I will quit or continue the habit after they let me out.


 

I started a new thread for postings about the Supernode concept. I am still resting but I made some contribution here during my communication lockup.

BITCOIN DEALER NETWORK ASSOCIATION (BDNA) WORKING PAPER


This was moved to its proper location in another thread. Please move the comments also there. This thread will be diarylike. Readership has fallen due to time that many highly technical and economical issues have been discussed, and I have not been willing to write light stuff in the middle of heavy ones. Soon you'll hear about my conditions in the psych ward etc., I am sure that'll bring the readers back

Mr. R. Pietila is hardcore

Welcome back, it was getting boring without you!  I'm sure the break has done you good