ReptileChillock posted:

Cantorsdust posted:

i'm the enormous face that should be punched in

ReptileChillock posted:

This man was dubbed "Nerdimus Maximus" and had a stench so powerful that the pizzeria smells could not drown it out. He "lectured" about crypto history for a painful twenty minutes.

ReptileChillock posted:

I don't want to name names but I'm pretty sure this thing is either being spearheaded by or has the approval of a pretty hot-poo poo netsec firm here. The local hackerspace was all over this and they're kind of in cahoots.

Cease to Hope posted:

i'm the hot-poo poo netsec spearhead from the hackerspace

Cease to Hope posted:

i'm the hot-poo poo netsec spearhead from the hackerspace

surebet posted:

firstpagereddit.txt

Happy Noodle Boy posted:

My view on the future of Bitcoin (I have a degree in Math & Economics) (self.Bitcoin)
submitted 29 minutes ago by 11Bills
Much has been learned in the last 50 years about “money / currency”. The goal presumably to find out what the best possible money is, then adopt it. The choices made deciding our monetary policy should be a matter of political debate. This debate though has largely been out of the public eye.
One needs to realize that the type of money used by a civilization has direct consequences on the distribution of wealth, the distribution of real physical resources, and the distribution of power. How money flows through the system results in how goods & services flow. Bottlenecks and distortions in the flow of money result in distortions of the real economy.
It is generally agreed that the most resent financial collapse was caused by financial distortions. Hundreds of billions of dollars lent out against personal housing assets that were overpriced, then resold at a profit as “AAA securities”. Any repercussion for the rating agency which confirmed that rating? Any inherent moral hazard caused by the link between rating agencies, and the banks issuing the securities?
Since this crisis began four YEARS ago, governments have been acquiring real assets by drawing on an empty but limitless bank account. The government does not even need to incur the expense of actually printing money to create billions of dollars of bank credit (that can be distributed to bank shareholders). Central banks have changed their official role from maintaining a fixed, counterfeit free supply to actively trying to manipulate the economy through monetary policy. Governments have targeted inflation in a period of natural deflation (by natural deflation I am referring to the natural process of prices decreasing because of better technology, better economies of scale, and higher productivity). Because of pressures of natural deflation central banks have been in constant monetary expansion. No other globally traded asset has decreased in value more consistently than fiat money.
Government manipulations distort the economy. Several results, some more visible in one economy compared to another: 1. The effect of monetary policy in China has been to funnel credit primarily to government owned enterprises and government friendly businesses at the expense of other actors in the Chinese economy, strengthening the control of the communist party. 2. In much of the western world (Canada, US, Britain most visibly), easy money policy increased house prices drastically. The ratio of wages to rents has been steadily decreasing, which reduces disposable income for the majority of households (consumer spending could be affected which could affect the broader economy negatively) 3. Japan has been in a debt crisis for 20 years. The main benefactors of ‘Abenomics’ are holders of the Japanese equity market; including many large foreign investors.
Our economy is experiencing financialization, which is a systematic exploitation of the monetary system to move wealth from the productive economy to the financial economy. In the past thirty years we have seen: 1. An increase in the size of the financial industry with respect to all other economic activity. Rising efficiency should have had the opposite effect on the industry. 2. An increase in the role of financial controllers in the management of corporations. 3. An increase in the percentage of financial assets in all tradable assets. 4. An increase in the perception that stock market fluctuation are a determinant of the business cycle.
We must ask ourselves: ‘will the nation continue to be the most influential actor on the flows of commerce?’ Nations limit trade, limit international cooperation, and create adversarial incentives. Politicians have been spouting about free trade for a generation, but ‘free trade agreements’ are complex laws designed to protect the interests of large corporations and industries. Bitcoin is an outlet for consumers and small businesses to connect globally with zero friction. Trust is placed in an online network that is the result of a scientific breakthrough in mathematical security that cannot be interrupted by outside forces.
Today 1% of that market costs 96million. In July of 2009, the United States paid more than $19 billion in interest on the public debt.
The first step is to recognize that national paper money and fractional reserve banking are human institutions, they were built on the ideas, politics and technology of last century. They can and will change over time. They should change now. A de-centralized monetary system is more democratic and will put different pressures on society and lead to different results. A monetary system that puts more value on resources in the future (deflationary) will result in a society more willing to conserve. A monetary system that is equal across all nations will encourage reflection on the wealth inequality between nations and encourage international charity, international remittances and the support of small businesses selling their goods internationally.
Bitcoin is the first mover in the market and there is no reason to believe that Bitcoin will not be a leader over the next decade because the growth of this market has inherent positive feed-back loops. As the market grows in size the developers who believe in the durability of Bitcoin in the long term have more funds, and time to invest in technological improvements. This investment will happen on two fronts. The protocol will likely see an update that addresses malleability of transactions, and the scalability of the blockchain. These updates are being done by well educated experienced experts with extreme focus on the security and stability of the release. There will not be a Bitcoin protocol release analogous to the Obamacare website launch. The second front of Bitcoin development is built using the blockchain to establish trust. Several companies have made breakthroughs into the online payment system market, and a lot of work is being done to ease the usability and security of Bitcoin wallets (Electrum is my recommendation to you! bitcoin.org → resources → wallets → Electrum). Services that create contracts (ownership) between investors & savers will be provable on the blockchain. Bitcoin can also be the vehicle to create contracts (m of n addresses) that create a very secure escrow.
TL:DR Do not let short term market speculation by people who do not believe in the long term use of Bitcoin disrupt the development of this technology.

Happy Noodle Boy posted:

My view on the future of Bitcoin (I have a degree in Math & Economics) (self.Bitcoin)
submitted 29 minutes ago by 11Bills
Much has been learned in the last 50 years about “money / currency”. The goal presumably to find out what the best possible money is, then adopt it. The choices made deciding our monetary policy should be a matter of political debate. This debate though has largely been out of the public eye.
One needs to realize that the type of money used by a civilization has direct consequences on the distribution of wealth, the distribution of real physical resources, and the distribution of power. How money flows through the system results in how goods & services flow. Bottlenecks and distortions in the flow of money result in distortions of the real economy.
It is generally agreed that the most resent financial collapse was caused by financial distortions. Hundreds of billions of dollars lent out against personal housing assets that were overpriced, then resold at a profit as “AAA securities”. Any repercussion for the rating agency which confirmed that rating? Any inherent moral hazard caused by the link between rating agencies, and the banks issuing the securities?
Since this crisis began four YEARS ago, governments have been acquiring real assets by drawing on an empty but limitless bank account. The government does not even need to incur the expense of actually printing money to create billions of dollars of bank credit (that can be distributed to bank shareholders). Central banks have changed their official role from maintaining a fixed, counterfeit free supply to actively trying to manipulate the economy through monetary policy. Governments have targeted inflation in a period of natural deflation (by natural deflation I am referring to the natural process of prices decreasing because of better technology, better economies of scale, and higher productivity). Because of pressures of natural deflation central banks have been in constant monetary expansion. No other globally traded asset has decreased in value more consistently than fiat money.
Government manipulations distort the economy. Several results, some more visible in one economy compared to another: 1. The effect of monetary policy in China has been to funnel credit primarily to government owned enterprises and government friendly businesses at the expense of other actors in the Chinese economy, strengthening the control of the communist party. 2. In much of the western world (Canada, US, Britain most visibly), easy money policy increased house prices drastically. The ratio of wages to rents has been steadily decreasing, which reduces disposable income for the majority of households (consumer spending could be affected which could affect the broader economy negatively) 3. Japan has been in a debt crisis for 20 years. The main benefactors of ‘Abenomics’ are holders of the Japanese equity market; including many large foreign investors.
Our economy is experiencing financialization, which is a systematic exploitation of the monetary system to move wealth from the productive economy to the financial economy. In the past thirty years we have seen: 1. An increase in the size of the financial industry with respect to all other economic activity. Rising efficiency should have had the opposite effect on the industry. 2. An increase in the role of financial controllers in the management of corporations. 3. An increase in the percentage of financial assets in all tradable assets. 4. An increase in the perception that stock market fluctuation are a determinant of the business cycle.
We must ask ourselves: ‘will the nation continue to be the most influential actor on the flows of commerce?’ Nations limit trade, limit international cooperation, and create adversarial incentives. Politicians have been spouting about free trade for a generation, but ‘free trade agreements’ are complex laws designed to protect the interests of large corporations and industries. Bitcoin is an outlet for consumers and small businesses to connect globally with zero friction. Trust is placed in an online network that is the result of a scientific breakthrough in mathematical security that cannot be interrupted by outside forces.
Today 1% of that market costs 96million. In July of 2009, the United States paid more than $19 billion in interest on the public debt.
The first step is to recognize that national paper money and fractional reserve banking are human institutions, they were built on the ideas, politics and technology of last century. They can and will change over time. They should change now. A de-centralized monetary system is more democratic and will put different pressures on society and lead to different results. A monetary system that puts more value on resources in the future (deflationary) will result in a society more willing to conserve. A monetary system that is equal across all nations will encourage reflection on the wealth inequality between nations and encourage international charity, international remittances and the support of small businesses selling their goods internationally.
Bitcoin is the first mover in the market and there is no reason to believe that Bitcoin will not be a leader over the next decade because the growth of this market has inherent positive feed-back loops. As the market grows in size the developers who believe in the durability of Bitcoin in the long term have more funds, and time to invest in technological improvements. This investment will happen on two fronts. The protocol will likely see an update that addresses malleability of transactions, and the scalability of the blockchain. These updates are being done by well educated experienced experts with extreme focus on the security and stability of the release. There will not be a Bitcoin protocol release analogous to the Obamacare website launch. The second front of Bitcoin development is built using the blockchain to establish trust. Several companies have made breakthroughs into the online payment system market, and a lot of work is being done to ease the usability and security of Bitcoin wallets (Electrum is my recommendation to you! bitcoin.org → resources → wallets → Electrum). Services that create contracts (ownership) between investors & savers will be provable on the blockchain. Bitcoin can also be the vehicle to create contracts (m of n addresses) that create a very secure escrow.
TL:DR Do not let short term market speculation by people who do not believe in the long term use of Bitcoin disrupt the development of this technology.

Happy Noodle Boy posted:

There will not be a Bitcoin protocol release analogous to the Obamacare website launch.

surebet posted:

10. A large loss in confidence and trustworthiness in the existing exchange system, for a variety of reasons.

TVarmy posted:

Heh, somebody on BitcoinTalk just discovered the TRUTH re: @aantonop:

USSMICHELLEBACHMAN posted:

i dont follow this closely enough to understand what this is about

USSMICHELLEBACHMAN posted:

i was not so subtly asking for some to clarify for me

i guess it was too subtle for you

Dex posted:

bitcoiner thinks a retarded teenager and a retarded man in his 30s are the same person thanks to logic

TVarmy posted:

I'm not sure how kosher it is to share the court record per the forum's rules. It's nothing damning or anything.

Have something he posted re: drones a year ago. He has the sensible stance that giving police officers drones will lead to abuses of power, which I agree with completely. But halfway through, he starts making an interesting point.

Robawesome posted:

Doesnt exactly build confidence if a coin can just vanish.

TVarmy posted:

Long story short, Atlas was a weird teen who kept coming up with dumb ideas and getting in fights on BitcoinTalk, so he'd get banned and create a new identity that was an obvious sock puppet because he talked like an Ayn Rand character who picked random words from the thesaurus to try to sounds smarter.

He also donated to these forums a few times when he saw us making fun of him.

Someone thought Bitcoin Jesus was his latest sock puppet.

TVarmy posted:

because he talked like an Ayn Rand character who picked random words from the thesaurus to try to sounds smarter.

Sneaking Mission posted:

i just can't believe these bitcoin folks!

SynthOrange posted:

Combing through bitcoin's source code starting with 'What does #include mean?'.

Happy Noodle Boy posted:

My view on the future of Bitcoin (I have a degree in Math & Economics) (self.Bitcoin)
submitted 29 minutes ago by 11Bills
Much has been learned in the last 50 years about “money / currency”. The goal presumably to find out what the best possible money is, then adopt it. The choices made deciding our monetary policy should be a matter of political debate. This debate though has largely been out of the public eye.
One needs to realize that the type of money used by a civilization has direct consequences on the distribution of wealth, the distribution of real physical resources, and the distribution of power. How money flows through the system results in how goods & services flow. Bottlenecks and distortions in the flow of money result in distortions of the real economy.
It is generally agreed that the most resent financial collapse was caused by financial distortions. Hundreds of billions of dollars lent out against personal housing assets that were overpriced, then resold at a profit as “AAA securities”. Any repercussion for the rating agency which confirmed that rating? Any inherent moral hazard caused by the link between rating agencies, and the banks issuing the securities?
Since this crisis began four YEARS ago, governments have been acquiring real assets by drawing on an empty but limitless bank account. The government does not even need to incur the expense of actually printing money to create billions of dollars of bank credit (that can be distributed to bank shareholders). Central banks have changed their official role from maintaining a fixed, counterfeit free supply to actively trying to manipulate the economy through monetary policy. Governments have targeted inflation in a period of natural deflation (by natural deflation I am referring to the natural process of prices decreasing because of better technology, better economies of scale, and higher productivity). Because of pressures of natural deflation central banks have been in constant monetary expansion. No other globally traded asset has decreased in value more consistently than fiat money.
Government manipulations distort the economy. Several results, some more visible in one economy compared to another: 1. The effect of monetary policy in China has been to funnel credit primarily to government owned enterprises and government friendly businesses at the expense of other actors in the Chinese economy, strengthening the control of the communist party. 2. In much of the western world (Canada, US, Britain most visibly), easy money policy increased house prices drastically. The ratio of wages to rents has been steadily decreasing, which reduces disposable income for the majority of households (consumer spending could be affected which could affect the broader economy negatively) 3. Japan has been in a debt crisis for 20 years. The main benefactors of ‘Abenomics’ are holders of the Japanese equity market; including many large foreign investors.
Our economy is experiencing financialization, which is a systematic exploitation of the monetary system to move wealth from the productive economy to the financial economy. In the past thirty years we have seen: 1. An increase in the size of the financial industry with respect to all other economic activity. Rising efficiency should have had the opposite effect on the industry. 2. An increase in the role of financial controllers in the management of corporations. 3. An increase in the percentage of financial assets in all tradable assets. 4. An increase in the perception that stock market fluctuation are a determinant of the business cycle.
We must ask ourselves: ‘will the nation continue to be the most influential actor on the flows of commerce?’ Nations limit trade, limit international cooperation, and create adversarial incentives. Politicians have been spouting about free trade for a generation, but ‘free trade agreements’ are complex laws designed to protect the interests of large corporations and industries. Bitcoin is an outlet for consumers and small businesses to connect globally with zero friction. Trust is placed in an online network that is the result of a scientific breakthrough in mathematical security that cannot be interrupted by outside forces.
Today 1% of that market costs 96million. In July of 2009, the United States paid more than $19 billion in interest on the public debt.
The first step is to recognize that national paper money and fractional reserve banking are human institutions, they were built on the ideas, politics and technology of last century. They can and will change over time. They should change now. A de-centralized monetary system is more democratic and will put different pressures on society and lead to different results. A monetary system that puts more value on resources in the future (deflationary) will result in a society more willing to conserve. A monetary system that is equal across all nations will encourage reflection on the wealth inequality between nations and encourage international charity, international remittances and the support of small businesses selling their goods internationally.
Bitcoin is the first mover in the market and there is no reason to believe that Bitcoin will not be a leader over the next decade because the growth of this market has inherent positive feed-back loops. As the market grows in size the developers who believe in the durability of Bitcoin in the long term have more funds, and time to invest in technological improvements. This investment will happen on two fronts. The protocol will likely see an update that addresses malleability of transactions, and the scalability of the blockchain. These updates are being done by well educated experienced experts with extreme focus on the security and stability of the release. There will not be a Bitcoin protocol release analogous to the Obamacare website launch. The second front of Bitcoin development is built using the blockchain to establish trust. Several companies have made breakthroughs into the online payment system market, and a lot of work is being done to ease the usability and security of Bitcoin wallets (Electrum is my recommendation to you! bitcoin.org → resources → wallets → Electrum). Services that create contracts (ownership) between investors & savers will be provable on the blockchain. Bitcoin can also be the vehicle to create contracts (m of n addresses) that create a very secure escrow.
TL:DR Do not let short term market speculation by people who do not believe in the long term use of Bitcoin disrupt the development of this technology.

Cantorsdust posted:

before bitcoin can prosper the following issues must be solved:

1) the Saarland
2) the Sudatenland
3) all of Austria
4) the rest of Czechoslovakia
5) Poland
6) France
7) Britain
8) the USSR
9) the Jews
10) all other inferior peoples of the world