bitcoin-truth

4 ms·

1.
by bitcoin-truth 12y ago
Right, it makes more sense in the world of a 'backed dollar'. As it is, it is a debt to repay $1 for each $1 bill. You might well ask, $1 of what? Since the government doesn't produce anything, it is a strange kind of debt. $
2.
by bitcoin-truth 13y ago
http://unqualified-reservations.blogspot.in/2013/01/how-bitc...
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by bitcoin-truth 13y ago
Jews and Gentiles in Moldbug's terminology.
4.
by bitcoin-truth 13y ago
you are referring to monetization of debt. monetization per se is the process of becoming a money. Mises is a good read. > (which isn't just _a_ marketable commodity.) You got that right. It's _the_ marketable commodity. > W
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by bitcoin-truth 13y ago
a) the treasury would take seignorage. b) money is a free-market good as in your example above. all the government was doing was weights and measures standardization. c) only fiat (paper) money is a liability of the government because the o
6.
by bitcoin-truth 13y ago
\o/ this guy gets it!
7.
by bitcoin-truth 13y ago
The process of rapidly becoming a marketable commodity is called monetization. Bitcoin is in a hypermonetization melt-up phase.
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by bitcoin-truth 13y ago
... on HN
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by bitcoin-truth 13y ago
This is how they deal with their cognitive dissonance. http://www.amazon.com/Mistakes-Were-Made-But-Not/dp/01560339...
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by bitcoin-truth 13y ago
Scientific theories are falsifiable: they make testable predictions. Austrian Economic theory comes closest to this ideal.
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by bitcoin-truth 13y ago
Wait, you can't use logic when it comes to money! What are you, Satoshi Nakamoto?
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by bitcoin-truth 13y ago
I tried doing this on MtGox with a buy limit price of 1$. I didn't get any bitcoin :( I do have a friend with 900btc though: I told him I was in the market for a dollar, and he just gave it to me, no questions asked. I wonder where he
13.
by bitcoin-truth 13y ago
Has bitcoin?
14.
by bitcoin-truth 13y ago
There are indeed people at this stage.
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by bitcoin-truth 13y ago
You own it only while you remember the password. Gold won't just disappear one day though your memory might.
16.
by bitcoin-truth 13y ago
Yes indeed. The first time they actually scraped the blockchain.info website, this time they've finally figured out that the blockchain is public and parsed a local blockchain.dat The New World is built on the results of that generatio
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by bitcoin-truth 13y ago
I think the parent poster meant that the witch hunts in the 21st century related to bitcoin only grow trust in the bitcoin community that witchhunts are destined to fail. More people see that having financial privacy is a good thing, and tr
18.
by bitcoin-truth 13y ago
> Why? Because the forced deflation is a Dick Move of epic proportions: favoring early adopters for no good reason. No good reason? Does there have to be one? If the protocol succeeds despite your assertion that there is no good reason t