oleganza

72 ms·

661.
by oleganza 13y ago
Today there are far more people who would be very interested in risking investing in Bitcoin and accepting Bitcoin for their service, than there are people who have heard of it. Every attack on any Bitcoin business brings in more people and
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by oleganza 13y ago
But who will build the roads? We need someone to force people to do stuff in public's interest .
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by oleganza 13y ago
1. Politicians can't change the rules of the protocol. 2. Politicians can't print more bitcoin as they like. Only according to the protocol and in competition with others. 3. It's virtually impossible to censor Bitcoin transa
664.
by oleganza 13y ago
1. Your cash can be devalued by printing more cash: http://en.wikipedia.org/wiki/Quantitative_easing 2. If you move or store cash, it can be confiscated by the police: http://www.pbs.org/newshour/b
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by oleganza 13y ago
If things continue going as they were for the last years: government printing money and people trying to move savings anywhere but in the currencies, then yes, all printed currencies will become worthless and if people run to Bitcoin, it wi
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by oleganza 13y ago
Quote from article: > This past June Dutch Finance Minister Jeroen Dijsselbloem gave a Bitcoin-friendly report to Parliament. He said: «Bitcoin is not electronic money… At present its eventual I'mpact on the real economy seems negli
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by oleganza 13y ago
Nice way to allocate money extracted from taxpayers. Asteroids almost never visibly hit Earth, it's impossible to seriously protect yourself when it hits you or your neighbor, and it will sure take hundreds of billions of dollars to bu
668.
by oleganza 13y ago
I know at least 2 people plus myself who have the very same problem with Gmail IMAP and new Mail.app.
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by oleganza 13y ago
What I mean is that they will try to print bare chips on their own motherboard to save space and weight. They can afford ordering custom chips without industry standard enclosure in volume - why not do that if it saves space.
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by oleganza 13y ago
"The proprietary SSD has changed to a PCIe format, but still isn't a standard 2.5" drive." Still? It never will be because Apple tries to make MacBooks as small as possible.
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by oleganza 13y ago
I do. Their comments about repairability sound very ancient.
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by oleganza 13y ago
The crash would come from malinvestment that is caused by debasement via credit. If the purchasing power was adjusted instantly the moment you print another dollar bill (i.e. prices would grow the same second), then there wouldn't be a
673.
by oleganza 13y ago
Organized crime groups live off high prices maintained by police. Basically, any prohibition or regulation is a monopoly grant to a very few who can earn higher profits than in an open competition. These few are either legal licensees, or i
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by oleganza 13y ago
Debasement is a silent shift of wealth (aka "purchasing power") from one group of people to another. The more savings you have, the more you are punished compared to those who have less. Since in monetary economy biggest decisive
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by oleganza 13y ago
Each fiat currency is destined to crash due to constant debasement (there haven't been yet a king or a republic that did not debase its currency). But each crashed fiat currency is quickly replaced by another one, so in theory fiat sys
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by oleganza 13y ago
It's a question of comparing cost of protecting 1 ton of gold (vault, armed guards, managers, video surveillance and finger print scanners) with a cost of protecting 200K bitcoins. No matter how many bitcoins do you have, you can lock
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by oleganza 13y ago
Fiat system will end without help of Bitcoin. Bitcoin is here as a place where to run when things start falling apart (without it, some other regime's currency would prevail). Gold is not a solution since it needs to be stored and move
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by oleganza 13y ago
It is not a fiat in a sense "imposed by the ruler". The point of fiat is that someone has control over it. Bitcoin is exactly like gold: people simply agree that it has some value for them, without anyone forcing them to accept it
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by oleganza 13y ago
It was not a punishment. The guy was getting free goodies from his powerful position somewhere in the government. He proposed to kill people. He got another position with free goodies somewhere in the government.
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by oleganza 13y ago
Such a brutal punishment, indeed. A guy makes a plan to kill citizens and he's just moved to another office to continue earn money extracted from these citizens.
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by oleganza 13y ago
Satoshi does not need CV :)
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by oleganza 13y ago
Thanks for the link. People somehow don't realize that no one was punished by losing job/savings/reputation/credibility for even proposing such a sabotage. Kennedy merely "rejected" proposal which gives his off
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by oleganza 13y ago
Ponzi scheme requires breaking trust in promises. Satoshi was not giving anyone promises or taking anyone's money. Everyone voluntarily evaluates safety of the protocol and decides to mine or buy bitcoins from others.
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by oleganza 13y ago
Bitcoin 0.1 was quite buggy and was fixed constantly with a help of many developers.
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by oleganza 13y ago
When I said "owner can load BTC in machine to convert to cash", I meant that people from street will put in cash for his coins.
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by oleganza 13y ago
It's a bitcoin vending machine. Owner of a bar/cafe/shop can accept bitcoins for payments and load them in this machine to convert them to cash. Those who want to spend bitcoins don't need to find those who want to buy t
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by oleganza 13y ago
When government pays the debt with paper issued as a result of issuing more debt, it's like AAPL paying dividends per share in newly issued shares. In other words, it's de-facto default . De-jure it's not because in this cas
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by oleganza 13y ago
Killing citizens without court order is also illegal. And waterboarding in gitmo. And starting wars based on lies. And lying to congress by NSA. So many things are illegal, but those who are in charge of enforcing justice are doing them any
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by oleganza 13y ago
If gold is not moved, it's as good as a promise of the vault owner that holds it for you. History shows that this promise was constantly broken before and after invention of central banking. To own either bitcoin or gold you need to
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by oleganza 13y ago
World trade does not need any central bank to continue. People only need freedom to do transactions without constant interference. If gov currencies are to collapse, there are only to choices: private IOUs in private banks backed or not by

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