Bitcoin !! i dont get it !!

After enjoying the fruits of your labors, we all need a place to chill. This is that place. Totally senseless irrelevant banter encouraged.
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Intrinsic
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Bitcoin !! i dont get it !!

Post by Intrinsic »

bentech wrote:you cannot make a currency finite when labor and production are infinate


thats why currences linked to resources like the gold standard are a scam.
theres no more frontier,
we live on a globe,

the understanding of that is what forced fiats into dominance and thus what propelled humanity into civilization
So now are you saying with the truthdig article
there is value in having a limited fiat system such as the gold standard would supply. A plus for bitcoins
Or the fact it models after the Gold standard indicates a non workable system, if one believe using the gold standard is bad. A negative for bitcoins
Last edited by Intrinsic on Fri Dec 27, 2013 7:27 pm, edited 1 time in total.

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Tangent alert:

Post by Intrinsic »

It all eventually boils down to an optimization problem with population limit as a constraint; Population control. No system will stabilize if the ratio of people per resources is continually get larger. One can not change that with just using a different (limited or unlimited) fiat system to model an economy.

A sin or a good idea?
As of 2013 no country used a gold standard as the basis of its monetary system, although some hold substantial gold reserves.
http://en.wikipedia.org/wiki/Gold_standard" onclick="window.open(this.href);return false;

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Bitcoin !! i dont get it !!

Post by bentech »

nope!

not saying that...
merely passing along all im reading on the subject... all sides


after reading THAT article my feelings about bitcoin has turned decidedly for the worse PRECISELY because of the further questions that caveat their illuminating brings up...


found this,
lots of nuts and bolts most of this other editorials completely miss


http://bitcoin.org/en/faq" onclick="window.open(this.href);return false;
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https://www.myplanetganja.com/viewforum.php?f=48
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Bitcoin !! i dont get it !!

Post by bentech »

heres of interest,

an explaination of how terrible libetarian ideals forced into policy are
using bitcoin

i dont follow the tie-in
you?

http://www.alternet.org/tea-party-and-r ... s-and-anti" onclick="window.open(this.href);return false;
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https://www.myplanetganja.com/viewforum.php?f=48
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Bitcoin !! i dont get it !!

Post by MadMoonMan »

bitcoins being "captured" i.e. taken world wide by government agencies chasing down world wide criminal empires.

search it.

bit coins are currency


but wut if de inner net goes down?
Just because I can't spell misanthrope doesn't mean I'm completely stupid.

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Bitcoin !! i dont get it !!

Post by MadMoonMan »

after SHTFan

here I will sell you 1 zillion innernet coins.
for the gold in your teef.

pulls out gun shoves it in your face!

hands you a pair of pliers.

then he grits his few teef and cocks the trigger.

" ah needz dem gold teef so hard way or dead way."
Just because I can't spell misanthrope doesn't mean I'm completely stupid.

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Bitcoin !! i dont get it !!

Post by MadMoonMan »

everything is going tracking.

temporary skin implants tattoos whatever.

world wide control would seem to be most efficient but its not

Central control doesn't work because it doesn't allow for human nature to want to avoid being fucked up the ass.
Just because I can't spell misanthrope doesn't mean I'm completely stupid.

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Bitcoin !! i dont get it !!

Post by MadMoonMan »

GOVERNORMENT MAN/WOMAN/TRANS SHOWS UP AT DOOR WITH RUBBER GLOVES ON

"Don't panic." as your are surrounded by black rubber encapsuled beings with weapons of some kind.
Just because I can't spell misanthrope doesn't mean I'm completely stupid.

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Bitcoin !! i dont get it !!

Post by MadMoonMan »

you go for the .45 1911 on your cross draw shoulder and your instantly stunned with a shotgun. *BullButtSlug. right up in the ass .. hole.. talk about instant loss of virginity .... talk about the PAIN! no lets talk about violation of our.. anal rights!

This is much more than a violation of moral laws butt.

Ok I know I kinda starting smiling there a bit but its cause getting shot in the asshole is so painful its kinda funny in a awful way.

smirk.. sorry..

hits button

transfer complete

oh wait.. duh its SHTF they ain't no inner net.?

where's my pliars?
Just because I can't spell misanthrope doesn't mean I'm completely stupid.

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Bitcoin !! i dont get it !!

Post by MadMoonMan »

do you take credit cards?

oh right.

EMP

sunspots

terror hacks

electric grid is down
Just because I can't spell misanthrope doesn't mean I'm completely stupid.

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