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Deflation and Bitcoin, the last word on this forum Economics
A "hoarder" must either spend the money eventually or not. If not, then it reall…
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n/a | Etlase2 | October 01, 2012, 07:11:23 PM |
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"All cryptography is breakable" criticism Bitcoin Discussion
I apologize if this has been asked here already and I missed it (it seems obviou…
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n/a | Etlase2 | October 03, 2012, 12:33:04 AM |
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ppcoin transaction fees Altcoin Discussion
I am not trying to waste your time, I am imploring you take these types of thing…
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n/a | Etlase2 | October 02, 2012, 11:24:16 PM |
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ppcoin transaction fees Altcoin Discussion
The tragedy of the commons only refers to the unreliability of altruistic compon…
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n/a | Etlase2 | October 02, 2012, 08:28:44 PM |
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ppcoin transaction fees Altcoin Discussion
Cost of transaction processing may be too low to be any incentive for rational m…
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n/a | Etlase2 | October 02, 2012, 06:02:54 PM |
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Fascinating information on saving vs. consumption Economics
I realize that we have inflation because private banks create credit, though I d…
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n/a | Etlase2 | October 02, 2012, 05:57:41 PM |
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Update on the PASCAZI’s situation and Bitcoin Legal
As you may recall, we at Mt.Gox/Tibanne started back in 2011 to use any resource…
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n/a | Etlase2 | October 02, 2012, 04:31:43 PM |
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Fascinating information on saving vs. consumption Economics
If businesses can't adjust to falling prices then sure, they will fail in an env…
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n/a | Etlase2 | October 02, 2012, 04:24:24 PM |
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Fascinating information on saving vs. consumption Economics
Here is a simple illustration, on how FRB destroys an individuals wealth, save c…
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n/a | Etlase2 | October 02, 2012, 02:42:06 AM |
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Deflation and Bitcoin, the last word on this forum Economics
I think that one can make a very strong case that there is a big difference betw…
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n/a | Etlase2 | October 01, 2012, 06:23:00 PM |
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ppcoin transaction fees Altcoin Discussion
Here are the minimal gains:1) 0 joules > X joules (as markm said) - probably not…
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n/a | Etlase2 | October 01, 2012, 05:12:01 PM |
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ppcoin transaction fees Altcoin Discussion
I am only putting my honest opinion of the work. If you cannot take it or think…
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n/a | Etlase2 | October 01, 2012, 04:47:29 PM |
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ppcoin transaction fees Altcoin Discussion
Ohnoes the invisible carrot on the invisible stick, again. Learn to take a joke,…
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n/a | Etlase2 | October 01, 2012, 04:31:52 PM |
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A Resource Based Economy Economics
Trade is about ruggedness and self-reliance
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n/a | Etlase2 | October 01, 2012, 10:51:06 AM |
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A Resource Based Economy Economics
Sorry, sorry, money is about ruggedness and self-reliance.
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n/a | Etlase2 | October 01, 2012, 10:48:49 AM |
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ppcoin transaction fees Altcoin Discussion
This also raises the issue of what kind of consensus on tx fees could possibly b…
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n/a | Etlase2 | October 01, 2012, 10:42:47 AM |
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A Resource Based Economy Economics
I think that they most of the cheap labor parts of the world would be for a much…
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n/a | Etlase2 | October 01, 2012, 10:37:23 AM |
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A Resource Based Economy Economics
Yup. You have some good points, but you need to tone it down. Even Marx (at time…
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n/a | Etlase2 | October 01, 2012, 09:50:07 AM |
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A Resource Based Economy Economics
The only point you've made here is mine. You produce something that is not dire…
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n/a | Etlase2 | October 01, 2012, 12:39:44 AM |
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A Resource Based Economy Economics
What is unnatural about a society being unable to afford that which it produces?…
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n/a | Etlase2 | September 30, 2012, 10:55:15 PM |
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A Resource Based Economy Economics
You replied to my post, but I feel like I jumped into the middle of a completely…
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n/a | Etlase2 | September 30, 2012, 08:50:26 PM |
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A Resource Based Economy Economics
And nearly every part of it is funny. If the poor were worth stealing from, the…
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n/a | Etlase2 | September 30, 2012, 08:03:58 PM |
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A Resource Based Economy Economics
There is no fool proof system for fairness in macro economics:If you like freedo…
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n/a | Etlase2 | September 30, 2012, 07:38:54 PM |
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A Resource Based Economy Economics
You were talking about "the entire economy of the world". This was a grotesque…
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n/a | Etlase2 | September 30, 2012, 07:31:19 PM |
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A Resource Based Economy Economics
No, I'm sorry but I do not share this very peculiar view of the world economy.It…
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n/a | Etlase2 | September 30, 2012, 07:11:53 PM |
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A Resource Based Economy Economics
LOLSo you don't think the monetary system and the interests of government are in…
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n/a | Etlase2 | September 30, 2012, 06:54:50 PM |
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A Resource Based Economy Economics
Yeah but what's your plan exactly to provide the means for people to have the co…
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n/a | Etlase2 | September 30, 2012, 06:48:58 PM |
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Fujitsu Cracks Next-Gen Cryptography Standard Bitcoin Discussion
It is true that shorter bit length keys in known crypto systems like ECDSA and R…
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n/a | Etlase2 | September 29, 2012, 08:16:35 PM |
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"All cryptography is breakable" criticism Bitcoin Discussion
Nor would breaking bitcoin's blockchain security give you access to anyone's vau…
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n/a | Etlase2 | September 29, 2012, 07:04:49 PM |
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"All cryptography is breakable" criticism Bitcoin Discussion
Very simple counter-argument: "online banking uses cryptography too (HTTPS), do…
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n/a | Etlase2 | September 29, 2012, 06:24:18 PM |
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Fujitsu Cracks Next-Gen Cryptography Standard Bitcoin Discussion
Isn't the point that as long as we use sufficiently large key sizes, it doesn't…
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n/a | Etlase2 | September 29, 2012, 04:50:21 PM |
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Deflation and Bitcoin, the last word on this forum Economics
I disagree. If they are both effects, then they are both effects of the busines…
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n/a | Etlase2 | September 29, 2012, 04:15:25 PM |
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Deflation and Bitcoin, the last word on this forum Economics
Which, in your view, is the cause and which is the effect?They are both effects…
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n/a | Etlase2 | September 29, 2012, 03:47:18 PM |
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Decrits Proposal: Solution for an unbound, energy-related, stable value currency Altcoin Discussion
It wasn't a post about my goals. I don't know why people would be interested in…
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n/a | Etlase2 | September 29, 2012, 12:23:29 PM |
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Privacycoin/Anoncoin Altcoin Discussion
Having a built in coin mixer or tumbler is pretty crucial I suspect.And I think…
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n/a | Etlase2 | September 29, 2012, 11:31:40 AM |
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Privacycoin/Anoncoin Altcoin Discussion
Actually, I thought about it a bit more, and specifically under the Decrits syst…
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n/a | Etlase2 | September 29, 2012, 06:30:59 AM |
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Privacycoin/Anoncoin Altcoin Discussion
Well you're posting about bitcoin but it's in the alt currency section so I'll r…
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n/a | Etlase2 | September 29, 2012, 06:16:25 AM |
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Deflation and Bitcoin, the last word on this forum Economics
Fractional reserve lending was fraud before 1913 in the US. You cannot rational…
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n/a | Etlase2 | September 29, 2012, 04:05:13 AM |
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General Credit Corp Altcoin Discussion
That link is far from an enlightening answer to my question. Crossfire RPG has n…
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n/a | Etlase2 | September 29, 2012, 12:14:20 AM |
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General Credit Corp Altcoin Discussion
A Corp that uses various virtual currencies to conduct its business, including m…
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n/a | Etlase2 | September 29, 2012, 12:02:03 AM |
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Deflation and Bitcoin, the last word on this forum Economics
The brits did try it at least once, and the results were about as effective.But…
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n/a | Etlase2 | September 28, 2012, 10:48:08 PM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
Ok, but are you saying that "hoarding" (saving without direct lending) provides…
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n/a | Etlase2 | September 28, 2012, 08:25:42 PM |
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Deflation and Bitcoin, the last word on this forum Economics
Fiat only in the sense that the standard units were fixed by a matter of edict,…
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n/a | Etlase2 | September 28, 2012, 08:56:23 PM |
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Deflation and Bitcoin, the last word on this forum Economics
Yes, it is. As you correctly stated a wide range of money has been explored, pre…
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n/a | Etlase2 | September 28, 2012, 05:29:23 PM |
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Fascinating information on saving vs. consumption Economics
I am aware of what banks should do in an honest economy, pretendo, and I am also…
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n/a | Etlase2 | September 28, 2012, 04:08:14 PM |
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So what does this chart mean for bitcoin? Speculation
Can anyone offer an explanation for this phenomenon?Somebody drew a line on a gr…
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n/a | Etlase2 | September 28, 2012, 03:34:58 PM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
The POINT Roger, as I have been arguing, is that it does not make a difference.…
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n/a | Etlase2 | September 28, 2012, 03:32:51 PM |
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Fascinating information on saving vs. consumption Economics
Either way it does not work, since the core problem now is over-production, even…
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n/a | Etlase2 | September 28, 2012, 09:21:48 AM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
Because saving money in a bank moves the currency through the economy via loans.…
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n/a | Etlase2 | September 28, 2012, 01:54:26 AM |
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Fascinating information on saving vs. consumption Economics
FRB doesn't work as I have illustrated, it exists not because of demand but by d…
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n/a | Etlase2 | September 28, 2012, 02:50:08 AM |
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Deflation and Bitcoin, the last word on this forum Economics
In a healthy economy, rational people should prefer a slightly deflationary curr…
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n/a | Etlase2 | September 28, 2012, 03:11:53 AM |
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Deflation and Bitcoin, the last word on this forum Economics
Historically, free people that could explore and freely choose the money they wa…
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n/a | Etlase2 | September 28, 2012, 02:12:07 AM |
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Deflation and Bitcoin, the last word on this forum Economics
Actually there already were some ideas lingering before bitcoin. Most notably: h…
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n/a | Etlase2 | September 28, 2012, 01:34:21 AM |
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Deflation and Bitcoin, the last word on this forum Economics
I don't remember discussing it with you. A quick check of posting history sugges…
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n/a | Etlase2 | September 27, 2012, 06:29:21 PM |
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The Tomato Soup Index - Inflation Sucks Economics
But that this is effect is similar to when one person releases savings: they get…
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n/a | Etlase2 | September 27, 2012, 05:52:53 PM |
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Possibility of an economic attack on bitcoin? Bitcoin Discussion
It's certainly possible, of course. You're asking if there's a way to prevent th…
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n/a | Etlase2 | September 27, 2012, 05:22:40 PM |
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The Tomato Soup Index - Inflation Sucks Economics
If you want to know why I think the old man situation is better when choosing a…
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n/a | Etlase2 | September 27, 2012, 02:31:41 PM |
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Deflation and Bitcoin, the last word on this forum Economics
Deflation: The Biggest MythsUnder point #1:"If they anticipate a future decline…
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n/a | Etlase2 | September 27, 2012, 03:06:27 PM |
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Bitcoin - The First Five Questions Bitcoin Discussion
Well, very factually, I can send a zero fee transaction on the bitcoin network b…
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n/a | Etlase2 | September 27, 2012, 02:44:09 PM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
I guess I come back to my argument that it's impossible to save without lending,…
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n/a | Etlase2 | September 27, 2012, 11:15:04 AM |
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The Tomato Soup Index - Inflation Sucks Economics
The old man benefits because he planned for his future by saving, and also incur…
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n/a | Etlase2 | September 27, 2012, 10:24:37 AM |
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The Tomato Soup Index - Inflation Sucks Economics
Nor does it prove anything. Because you could do EVEN BETTER THAN THAT in a defl…
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n/a | Etlase2 | September 26, 2012, 09:13:46 PM |
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Decrits Proposal: Solution for an unbound, energy-related, stable value currency Altcoin Discussion
Share holders will have to remain online at all times.What is the least uptime a…
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n/a | Etlase2 | September 26, 2012, 04:24:23 PM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
Sorry, but that doesn't seem to answer my question. Obviously, "rewarding people…
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n/a | Etlase2 | September 26, 2012, 02:01:21 PM |
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Bitcoin - The First Five Questions Bitcoin Discussion
It's not for sure that fees will be "huge" in future, for whatever reason. And f…
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n/a | Etlase2 | September 26, 2012, 03:54:03 PM |
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Bitcoin - The First Five Questions Bitcoin Discussion
Well that's almost correct. Fees are near to zero. While transaction speed... we…
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n/a | Etlase2 | September 26, 2012, 03:13:28 PM |
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Bitcoin - The First Five Questions Bitcoin Discussion
lol @ zero transfer fees and instant transactions
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n/a | Etlase2 | September 26, 2012, 02:51:33 PM |
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What are people thinking? Altcoin Discussion
Feel free to critique the proposal in my sig.
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n/a | Etlase2 | September 26, 2012, 02:48:38 PM |
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Qubic - Quorum-Based Coin Altcoin Discussion
It's enough to defend. Sybil attack is like 51% attack in Bitcoin world. Do we h…
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n/a | Etlase2 | September 26, 2012, 02:07:50 AM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
Ahhh, good point. That was sort of in the back of my mind as I wrote that. It's…
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n/a | Etlase2 | September 25, 2012, 05:20:21 PM |
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Fascinating information on saving vs. consumption Economics
Let me get this out the way Quote Does bitcoin ring some kind of Marxist vibe fo…
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n/a | Etlase2 | September 25, 2012, 03:56:34 PM |
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Qubic - Quorum-Based Coin Altcoin Discussion
You claim a sybil attack can't be mounted easily, but the only defense you seem…
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n/a | Etlase2 | September 25, 2012, 04:13:00 PM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
But creditors are not spending real wealth because they are not buying anything…
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n/a | Etlase2 | September 25, 2012, 02:38:20 PM |
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Qubic - Quorum-Based Coin Altcoin Discussion
The same with already existing qubics. It's necessary to ask some providers if t…
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n/a | Etlase2 | September 25, 2012, 09:39:34 AM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
But isn't trade (like virtue) its own reward? Voluntary exchanges occur when bot…
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n/a | Etlase2 | September 25, 2012, 09:22:48 AM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
Okay so basically its fancy talk for the money printing required to keep prices…
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n/a | Etlase2 | September 25, 2012, 08:58:51 AM |
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Qubic - Quorum-Based Coin Altcoin Discussion
From what I gather this is somewhat based off of the Chaumian-style digital cash…
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n/a | Etlase2 | September 25, 2012, 03:50:33 AM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
You are the one constantly talking about the market running out of loans, credit…
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n/a | Etlase2 | September 24, 2012, 07:53:28 PM |
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Fascinating information on saving vs. consumption Economics
The gold standard is a form of fractional reserve banking; fractional reserve ba…
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n/a | Etlase2 | September 24, 2012, 04:44:52 PM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
Inflation usually refers to an inflation in the money supply. Prices in said eco…
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n/a | Etlase2 | September 24, 2012, 03:54:51 PM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
No it wasn't. Pointing out that people aren't likely to accept a bland assertio…
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n/a | Etlase2 | September 24, 2012, 03:19:07 PM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
I am not saying it is bad I'm just calling it what it is. You even mention "new…
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n/a | Etlase2 | September 24, 2012, 01:52:24 PM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
"Unbounded" - That's also called inflation.No, it's not. Inflation is a general…
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n/a | Etlase2 | September 24, 2012, 08:34:24 AM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
"I am assuming real growth causes deflation"Exactly!And what is the cause of eco…
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n/a | Etlase2 | September 23, 2012, 07:15:02 PM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
That was cool. You managed to combine an appeal to authority fallacy with an ad…
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n/a | Etlase2 | September 22, 2012, 05:27:05 PM |
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Bitcoin up 7300% in one year! (w charts) Speculation
$6 = 6c?
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n/a | Etlase2 | September 22, 2012, 01:41:11 PM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
On the other hand there are successful businessmen, with records of running prof…
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n/a | Etlase2 | September 22, 2012, 01:29:43 PM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
Businesses don't inherently need loans to function. A profitable business can fu…
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n/a | Etlase2 | September 22, 2012, 11:55:25 AM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
But we can't assume whatever rates we want. It seems so simple to throw out figu…
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n/a | Etlase2 | September 22, 2012, 10:35:20 AM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
You said it wasn't an alternative, which it certainly is. Getting an interest ra…
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n/a | Etlase2 | September 22, 2012, 09:45:43 AM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
I don't know why you think I've said it's impossible. It's just not necessary to…
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n/a | Etlase2 | September 22, 2012, 09:22:27 AM |
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Bitcoins are experimental beta software. It will be replaced. Bitcoin Discussion
Bitcoin is not just software. Bitcoin happens to be a protocol, and as it become…
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n/a | Etlase2 | September 21, 2012, 07:41:48 AM |
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Fascinating information on saving vs. consumption Economics
I said "benevolent in this sense", as in, not using his wealth to manipulate the…
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n/a | Etlase2 | September 20, 2012, 06:51:13 PM |
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Fascinating information on saving vs. consumption Economics
I can't defend the argument. It's hard to know if a particular person's consumpt…
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n/a | Etlase2 | September 20, 2012, 06:24:43 PM |
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Fascinating information on saving vs. consumption Economics
I assume the argument goes: if a person defers consumption and the velocity of m…
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n/a | Etlase2 | September 20, 2012, 06:05:51 PM |
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Fascinating information on saving vs. consumption Economics
Those who control Money, have a mechanism to transfer the wealth without being p…
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n/a | Etlase2 | September 20, 2012, 06:01:50 PM |
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Fascinating information on saving vs. consumption Economics
With a commodity money substitute like Gold you control it by force (empire)What…
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n/a | Etlase2 | September 20, 2012, 05:54:17 PM |
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Bitcoin is a Zero-Sum Game - Long-term interest bearing instruments viable? Economics
But inflation is an effect, not a cause. I mentioned somewhere else that it isn'…
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n/a | Etlase2 | September 20, 2012, 05:30:50 PM |
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Fascinating information on saving vs. consumption Economics
I think the paradox of thrift would be counteracted to a large degree and be mor…
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n/a | Etlase2 | September 20, 2012, 04:53:48 PM |
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Fascinating information on saving vs. consumption Economics
Regarding criticism of Austrian and Keynes schools of thought on economic growt…
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n/a | Etlase2 | September 20, 2012, 04:29:33 PM |
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