oleganza

65 ms·

631.
by oleganza 13y ago
Only this year Bitcoin price went up from $14 to $200 and counting. The all-time high $266 (this April) can be reached once again before Christmas.
632.
by oleganza 13y ago
"unsubstantiated statements" you say? How about "But that's the moral argument and it's a simple one, I don't see government force as illegitimate and therefore I'm fine with taxation, regardless of who is
633.
by oleganza 13y ago
I don't see why people should not be allowed to figure out what standard is better for them without violence-backed regulations. If micro-usb is better, then people will buy other products and Apple would have to adjust to that. Either
634.
by oleganza 13y ago
I have no problem with people voting "no" with their money. I just don't want any regulation crap to ban those who want to vote "yes" from doing so.
635.
by oleganza 13y ago
"Who else can require corporations/individuals to release correct/non-fraudulent financial data" People will figure this out. And if they don't, who is to come with a gun and tell them how to live? In many cases it&
636.
by oleganza 13y ago
In an experiment you not only measure, you also conduct an experiment. And in an economy every decision affects everyone to varying degree. Especially government's because only violent actors can reach those who would otherwise not be
637.
by oleganza 13y ago
I yet have to find anyone in my family who cares about micro usb connectors. Their iPads and iPhones work just fine without them. Should we have SWAT team come to Apple HQ to force them redesign iPhones to include standard that you like? No
638.
by oleganza 13y ago
It's very good that you ask this question. There was always and always will be scarcity in the world. Everyone wants more than it's available right now. To avoid poverty we need ways to save, build capital and insure ourselves aga
639.
by oleganza 13y ago
Say, I would like to be an astronaut. I'm thus unemployed because no one will voluntarily take me to an orbit just because I want that. Is it bad for society? Well, who knows? But I sure can find million other jobs to work at until we
640.
by oleganza 13y ago
I was just listing aspects of Bitcoin that are "unregulatable". Regulation = laws = rules = instructions to cops when to apply rubber hose. 1. Cash transactions require meeting in person. This makes people more vulnerable to meeti
641.
by oleganza 13y ago
Talking about cost. We can only evaluate things when we are free from coercion to run experiments and measure the results independently. If there is a huge federal government monopoly on economic policy, there's no way we can find out
642.
by oleganza 13y ago
Unemployment will always be voluntary. I'm not employed on Sundays, Saturdays and during vacations absolutely voluntarily. I'm employed 16 hours in a row some days absolutely voluntarily. Unemployment is involuntary when there are
643.
by oleganza 13y ago
Ok, my bad. The currency itself can hardly be called "coercive". Coercion is done by people to people. When I was talking about economic policies, I meant this recipe: 1. Establish a government-issued currency that it can print wh
644.
by oleganza 13y ago
Protection from being fired comes with a cost. Less people are willing to open companies and easily hire people to do job if they are afraid that they wouldn't be able to fire inefficient workers. All "unemployment" is govern
645.
by oleganza 13y ago
So you are saying you have evidence that without government you necessarily end up with pirates running around with guns? Remember that Somalia is in this state due to utter failure of government in the first place.
646.
by oleganza 13y ago
Gold and USD is even easier to steal because it's damn too expensive or impossible to protect them. You never actually own USD, by the way, it's always in some banker's balance sheet. See also: http://en.wikipedia.
647.
by oleganza 13y ago
USD is "legal tender" which is direct coercion (you must accept USD as payment for a debt). Indirect coercion is multitudes of currency controls, capital controls, taxation, banking licenses etc. All the laws and regulations backe
648.
by oleganza 13y ago
As a speculator the government is no better than any other speculator. It will compete on par (more cash is simply more risk). And big players trading bitcoin is a good reason for many more players to jump in this market. The governments ar
649.
by oleganza 13y ago
In ten years there won't be any meaningful US tax revenue.
650.
by oleganza 13y ago
Hoarding (saving) will never become a problem because the value of currency is derived from all savers willing to hold it. Why would I store money in an altcoin if Bitcoin has bigger number of savers and I project that it will only increase
651.
by oleganza 13y ago
Two and a half years ago 1 BTC was 200 times less valuable - around $1. Give it two more years and it will be 10% of US tax revenue. Than everything will be possible.
652.
by oleganza 13y ago
The inflationary economy already created huge inequality. Do you think all Fed's printed dollars are equally distributed to the poor? In reality, they all go to banks that loan them to the poor. Increasing prices on energy and food + m
653.
by oleganza 13y ago
That would be very expensive for government. First, it will basically give away a lot of money and invite 100 times more people and capital in the bitcoin economy. Then, after selling its stash it will affect the price much less (because it
654.
by oleganza 13y ago
See my answer below in sibling comment thread.
655.
by oleganza 13y ago
The world black market is estimated to be 2 trillion dollars ( http://en.wikipedia.org/wiki/Black_market ). It will only be bigger, but governments will still be able to tax land, real estate and big companies. However,
656.
by oleganza 13y ago
Then, governments cannot longer be "socialistic" by promising something for nothing. To do new awesome "government service" they'd have to raise taxes and then the lie will become obvious. Since no one really wants
657.
by oleganza 13y ago
That's the best answer.
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by oleganza 13y ago
Bitcoin owners become wealthy not by stealing, but because government is stealing from people via money printing and capital controls and regulations. Then, "wealthy bitcoiners" gladly share part of their investment and teach ever
659.
by oleganza 13y ago
Some economists suggest a better measure: establish a coercive currency and print it as they like to pay for public goods. Just put a gun to people's face when they don't want fiat currency and then print all you want. Very practi
660.
by oleganza 13y ago
More than 90% of gold value is speculative. This all will move to Bitcoin as it's superior by all measures. Storing and transporting gold is just way too expensive. The universe wants one money: http://blog.oleganza.com&#x2F

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