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Wesley

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Posts posted by Wesley

  1. How are they supposed to regulate it? They haven't even figured this out yet.

     

    Stable as in if they tried to regulate or they threw in more price fluctuations or something, bitcoin would still make it. In the past, it may have scared people off it for many years.

  2. SMA is simple moving average. 50 day and 200 day are referenced.

     

    If something is a bubble in the short term (which is not proven for bitcoin) then you would look toward these moving averages to determine when the bubble would burst and a decrease would ensue.

     

    Short-term speculators or long term investors looking for a good entry point may use this information to forecast their trading decisions.

  3. I have been pretty surprised by how much negativity I have read about bitcoin. Even in libertarian circles. Like Peter Schiff, he talks about how bad the government and federal reserve is, but then when a non-state solution comes up he bashes it.

     

    Discussing bitcoins with people I would get a frustrated feeling, as I have in the past when talking about god or government. FDR help me understand I was having a logical argument about god or government but with that person's traumatized past. I think it may be the same thing when discussing bitcoins.

     

    Could it be possible that people are ready? I believe, I've heard Stefan talk before about the fact that even if the government ended today it would most likely be replaced by another or something to that effect. Because the people aren't mentally healthy enough, I would still want a government to recreate their parenting.

     

    Considering if bitcoin did become the dominant currency, it would effectively end governments as we know them. It would make sense that our fellow slaves would fight tooth and nail to not let this happen.

     

    I know Stefan has done podcasts about bitcoin and the blockchain, and all their uses. I starting to believe bitcoin will fail and it will have nothing to do with bitcoin itself. It might just be something that needs to stick around until after the philosophical parenting of a generation.

     

    Does anyone else see this as an issue?

    How would people shut it down or it go away?

     

    I do not think bitcoin is ready for mainstream yet and there will be a decent portion of time where cryptocurrencies exist with fiat next to it and the state figuring out how to regulate it in the frame of the old system.

     

    Bitcoin in itself will not end the state, however. What it does do is weaken the state and the arguments for the state as money, contracts and disputes can all be easily solved without any counter-party (including the state).

     

    Bitcoin, even if it doesn't work out, is an idea that cannot be put in the bag and will fundamentally and progressively change society. It is a small push that accelerates humanity to change like the Gutenberg press or the internet.

     

    Bitcoin is too stable now, and by the time that the average person or the state actually realize what bitcoin is, then I think it will be too late to do anything about it.

     

     

    Which viewing bitcoin as only a currency is (to quote Peter Joseph, but actually have facts to back it up) a very narrow and truncated view of what bitcoin actually is. Stefan began to touch on this idea in one of his recent bitcoin videos about how bitcoin fundamentally is not a currency, but a way to have a distributed, encrypted ledger. This idea will change the world no matter what happens to bitcoin the currency.

  4. -- You don't have to download the entire blockchain. There are already bitcoin clients like Multibit, Electrum, and eWallets like Coinbase and Blockchain.info that store the blockchain for you on servers

    I would like to highlight this portion.

     

    I would generally advise against web wallets except for petty cash or amounts you are actively in process of spending, however you can download desktop clients that also allow very quick start-up time and no blockchain download.

     

    Not to mention that any moderate to large amounts of bitcoin should be in cold storage which obviously does not even need a client at any time until maybe when you are looking to spend the coins.

  5. This is how I understand the easiest way to prove that Muslims are irrational.

     

    1. Muslims believe in God.

     

    2. Muslims define God in contradictory terms (as all of the Abrahamic religions define God similarly).

     

    3. Contradictions cannot exist.

     

    4. Since (3) and (2) the Muslim God cannot exist.

     

    5. It is irrational to believe things exist that cannot exist.

     

    6. Since God cannot exist (4) and it is irrational to believe in things that cannot exist (5), it is irrational to believe in God.

     

    7. Since (6) and (1), Muslims are irrational.

     

    Something like this is why Islam and most other religions are irrational and crazy.

  6. The UFC. I'm not saying it is a government organization, just that it has ties to government at every level. One of it's major sponsors is the US military.

    I am looking as much as I can and it appears that the US Marines have sponsored UFC. They do not seem to be a biggest supporter and I have not yet seen a logo on the mat or on a uniform (though maybe it is at some point).

     

    Probably every mainstream news, TV, radio, etc has had an ad from some military or government thing at some point. I don't consider someone who hosts a show on a station that once had a government sponsor to be getting their money from a statist organization.

     

    I do not think it will matter if Joe Rogan becomes an anarchist. As long as he still hosts the UFC effectively or whatever he does, it should not matter at all.

  7. Sure it doesn't, but the moment any bank endorses it, bitcoin will become mainstream.

    It will become mainstream to some extent on its own. There is no reason it needs to be pushed along or get bank support of any kind.

    I am wondering if this move is an admission of sorts that this currency cannot be manipulated and thus further demonstrates it's strength.

    Yes, it is evidence of its strength and shows that the state hasn't figured out how to inflate their money supplies/ tax in a bitcoin environment yet, but this makes a lot of people who are not where we are (namely the regulators and politicians) very uneasy.

  8. Bitcoin doesn't need banks, so it doesn't matter at all for bitcoin, though it may be slightly more difficult to exchange into and out of them.

     

    My guess is that they originally saw a ton of advantages and how it was a great tool, especially if things go south as far as the value of USD or American debt goes.

     

    Then they realized that they will have trouble inflating the money supply, collecting taxes, and other things in an environment where a ton of people switch to bitcoin (which helped lead to the large recent price rise).

     

    Thus, the current position is more of a wait and see, but still make sure that bitcoin is viewed as a legal second-class money rather than a true competitor or option to state-run money. There are many potential ways things could develop in the future.

  9. I am so sorry for what you had to go through. I felt a lot of sadness and anger reading your post. No child should be subject  that that crap.

     

    There is no "how you should feel." You feel what you feel, and now you are free to feel and talk about it. Posting here just the beginning. Have you seen a therapist? If not, find one and just start talking. Find people who will listen and who want to hear about you. Most of all, listen to yourself. Write, journal, talk. Do now what you couldn't, or weren't allowed to do, as a child. That is how you undo the paralysis. 

    For emphasis.

  10. My rule of thumb is that they know what they are doing is wrong when they inflict the opposite on others. Otherwise, there may be obvious proof that they have no knowledge that an action is wrong in which case they would be in a "state of nature" until informed.

     

    Let me give some examples:

     

    A parent hits a kid because they were hitting a sibling and hitting is wrong. This shows they fully comprehend that hitting is wrong and they still hit.

     

    There are more subtle ways that this may happen, but you can generally ask people if assault is wrong and 99.999% of people will say yes (assuming not self defense and all the proper caveats). However, if you ask American parents if they hit their kids then 80-90% will say they do.

     

     

    The other standard was that they had obvious proof that they had no idea that it was wrong. For instance, they think hitting is perfectly acceptable and randomly hit kids, randomly hit cashiers, randomly hit their parents, randomly hit cops.

     

    You can see that this type of person almost never exists as they would quickly be corrected and informed that hitting is wrong and will then be responsible for not hitting people or face consequences.

     

    There is the rare situation where they still cannot comprehend this, but then they are severely mentally deficient or insane and thus are not responsible for their actions.

     

    It gets very complicated for a child as you go through a gray area from which you are mentally deficient into able to mentally comprehend things. When you are a baby you have 0 responsibility for hitting someone. When you are 18 I would probably consider it close to 100%, though I haven't totally reasoned it out and it may be earlier or later.

     

    The biggest factor is if they do something that they know is wrong. I think that there can be partial responsibility and a portion of restitution or apology should be made for actions committed as a child with the understanding that the environment was so bad and a large contributing factor.

     

    Once you do something that you know is wrong (either by asking or by not randomly doing it to people) then you have responsibility in the action. It may be difficult to determine with random actors, however you already know this about people who are in your life or about yourself in the past.

     

    I hope the explanation made sense, feel free to ask questions.

  11. The 3rd one you posted is unavailable. 

     

    The difference between the other two is $50 (80 after rebate) and 1 GB vs 2 GB of graphics RAM.

     

    For gaming, you will notice this difference, but you need to decide if it is worth the money or not.

     

    It is hard to tell exactly how it does for the mining, but the chart seems to show little variation in the 7850 range based on the memory. I wouldn't know how best to figure this out except to post on a dedicated forum to bitcoin/litecoin mining and see what hash rate others get with very similar cards.

  12. I believe there was a city in the US that was considering passing a law to make swearing illegal. Adam Kokesh got a bunch of spotlight in the media for talking about it.

    They were going to pass a law to make it a violation where you just get a $20 ticket or something. This was because it technically was a felony, but it was never enforced. Also, near the main business street young kids would hang out in front of the stores and the thought was you could charge them money for every swear word and eventually drive them away.

     

    He went and talked to a cop and asked him what swear words were bad and if he could say fuck or shit. The cop basically said that they had the discretion to do whatever he wanted so he arbitrarily didn't arrest him.

     

    Later he had a very profane rally that got a bunch of media attention. My favorite part was that he had a voluntaryist shirt where it was a yellow "circle A" where the circle read:

     

    people are bad so we need a government made up of people are bad so we need a goverment made up of people

     

     

    It was a shirt called circular logic put out by rational apparel, but I can no longer find their website.

     

     

    The point is that it wasn't making it illegal, but downgrading it from a felony to a violation. So +1 to statist logic!

  13.  

    The astronomical rise in the value of bitcoin—which has surged more than 8,000 percent over the course of 2013—has created a new breed of digital currency multimillionaires.

    The 34-year-old Roger Ver began investing in bitcoins in early 2011—and made his first million from the virtual currency that same year—which saw prices skyrocket from around $0.30 to $32 before settling at $2. He bought his first bitcoins at around $1.

    (Read more: Bitcoin's surge due to 'excess liquidity': Faber)

    With prices currently hovering above $1,000, his virtual wealth has since exploded. Ver says he doesn't feel "richer" but that his wealth is "much more liquid than it would be in a normal bank account."

    Ver is one of hundreds of investors that have struck it big with bitcoin. But his association with the virtual currency extends far beyond just owning it.

    Alternatives to Bitcoin
    There are dozens of crypto currencies that are riding high on bitcoin's wave. Julia Wood takes you through some of the other major players.

    He has helped seed about a dozen different businesses involving bitcoin and actively promotes the currency, earning him the nickname "Bitcoin Jesus."

    "I believe Peter Vessenes [chairman of the Bitcoin Foundation] gave me the title when we were at a BBQ together. I was explaining bitcoin to about two dozen high school kids. The kids were all enthralled by bitcoin, and hanging on my every word," he told CNBC.

    (Read more: Bitcoin breaks $1,000 barrier for the first time)

    "Peter then commented that 'it's like you are a Bitcoin Jesus, and you have all your disciples around you'," he added.

    His venture MemoryDealers.com, a website that sells discounted computer parts, became the first mainstream business to accept bitcoins as payment. It's also worth noting that it was through this business that he made his first million, in dollar terms, back in 2003.

    Ver's nickname is as colorful as his past. Born and raised in Silicon Valley, he moved to Tokyo, Japan in 2005 after serving 10 months in federal prison for selling a product called "Pest Control Report 2000"—which he described as a firecracker used by farmers to keep animals away from their cornfields—on eBay.

    Why the bitcoin economy could go mainstream
    Patrick Murck, Principal & Founder at the Bitcoin Foundation, thinks innovation in the protocol and infrastructure will help drive the virtual currency into the mainstream.

    Before that, in 2000, he tried his hand in politics, running for California State Assembly as a Libertarian, but lost.

    Bitcoins are 'incredibly cheap'

    Bitcoin's meteoric rise in the recent weeks has led to concerns that it may be a speculative bubble, but Ver doesn't believe this is a concern for him.

    At $1,000, Ver regards bitcoin as "incredibly cheap," noting that if it gains in popularity as he anticipates, each bitcoin would be worth tens or hundreds of thousands of dollars.

    "The rapid price rise is due to people with money starting to realize how important of an invention bitcoin is," he said.

    "Bitcoin will experience many bubbles along its way to improving the lives of everyone on the planet. I'm not concerned with the short-term price fluctuations," he added.

    Ver, who currently uses bitcoins to pay factories in China to produce electronics components for his company, says he plans to use them "to promote the ideas of Voluntaryism and economic freedom" in the future.

    This past weekend, Ver made the largest-ever bitcoin-based charitable donation. Ver donated 1,000 bitcoins (more than $1 million) to the Foundation for Economic Education—an American organization that promotes the principles of laissez-faire economics, private property, and limited government to students.

    Read More: http://www.cnbc.com/id/101237537

  14. Obviously it's going to be limited by the size and weight of whatever will fit in the box.  Although the box itself looks like a perfectly re-usable container in itself, it seems like it might be cool if the drone shut off, allowed the person to remove the items and then it took the empty box back.  But I suppose Amazon won't want anyone to touch the thing.  Safety is obviously a concern.  I could see a dog charging this thing and getting its face shredded.  But there's probably less danger in this than in the cars we all drive everyday despite all the death and carnage.  Well hell, even if it didn't land at all and just dropped the box into your yard from 15 feet in the air that might not be all that different than what regular packages endure in the conventional shipping systems.

    In this instance I wouldn't be worried about the package as much as getting hit by a flying Kindle.

     

    :blink:

     

    Which could present a new sport of package catching as well. I feel like that is something that other people... would try to see if they could do.

  15. The funny thing about this is that you are describing the experience of going to church for a catholic. They don't really know what any of that shit means either, like why you would symbolically eat the flesh or drink the blood of the savior of the human race. Or how jesus is the son of god, but also is god (his own father), and where exactly the holy spirit fits into this trifecta of crazy. Most of them are just imitating whats others do.

     

    Source: Me, being raised catholic as well as going to 'bible study' classes 0_o

    All Christians have fully processed that they are worshiping a zombie who was created by their God by raping a young girl while metaphorically practicing cannibalism and bowing in front of an ancient torture symbol (while carrying another torture symbol around their neck).

     

    There is no way that those actions would be evil or cult-like, so they easily understand and have chosen the correct holy actions and that all of the ritual are appropriate to show and teach to children.

  16. I was looking at Coinbase today, thinking it was time to put in a modest sum towards, say, 0.1 to 0.2 BTC.  Unfortunately they only allow holders of US bank accounts to register.  After doing a bit of research online, VirtEx (https://cavirtex.com/home) was recommended in several forums as the best option for Canadians who don't want to go through the hassle of setting up a US bank account.

     

    Does anyone here have any information about the reliability and security of VirtEx or any other Canadian BitCoin sellers?  Since multiple exchanges have either been shutdown by governments, or been hacked into, I'm a bit unsure what is the best course of action.  I'm thinking about going with something like LocalBitCoins.com, but I have no idea about the reputations or track records of these various outfits, especially when it comes to handling bank account information.  If anyone has had good experiences dealing with Canadian or offshore organizations, I'd love to hear from you.

    I do not live in Canada, and thus cannot help you out a ton.

     

    However, localbitcoins.com is a great site for getting bitcoins without having to deal with banks.

     

    Just to keep in mind there are a few good practices when trading bitcoin in person.

     

    Go to a busy, public place (preferably where you are positive there will be security cameras). Banks, fast food restaurants, and malls are great options.

     

    Second, make sure the transaction is confirmed at least a couple times. 6 confirmations is considered a "guaranteed" transaction.

     

    Pull out your phone and keep checking the balance and wait for the confirmations ( blockchain.info/ [your address]). You do not want to leave after handing off a few hundred only to find the transaction did not go through.

     

    Make small talk. People will be more forgiving and be patient for confirmations if they know you are ok and aren't trying to jip them. Make sure they see that you have money and just want to make sure it goes through before you give it to him. It can be a great opportunity to ask some questions about bitcoin or the other person's experience getting into bitcoin.

     

    Overall, localbitcoins.com is amazing and relatively anonymous way to get your hands on bitcoin as long as you are smart about it and do not do anything risky that you wouldn't do in buying physical silver off of craigslist or something.

  17. The OP can correct me if I misinterpreted. The question isn't around liability or spelling or anything like that.

     

    I think it is around the idea that the name is a family name. That your parents gave you and the last name (in the US) specifically denotes that you came from a line of people and carry on the prestige of the family in that way.

     

    When one may go through a defoo process or go through therapy to remake yourself, changing your name (especially the surname) may be desired.

     

    Creating a name that you have a choice in that can define you could be an experience of defining the steps that you wish to take in your life or to separate from past traumas and traumatizers.

     

    I have had this idea, myself where I would change my surname away from my family's name.

     

    I still am considering this for the point where I get married where my wife and I both choose a new family name as a part of the marriage by which we want the marriage defined. Creating marriage where people still had family surnames or one family's surnames seems silly in a family that would be trying to break the cycles of their family especially.

     

    Then there is the ambivalence as maybe it is more courageous to take hold of the name you have and make it yours as a sign of what your have conquered and to be your history and to still have come out as a new and healthy person.

     

    Even if there is no emotion associated with "owning" your given name, it is an irrational waste of time to change the name as very few people nowadays associate the name with where you came from unless you are a Kennedy or something (at least in the US).

     

    I think this would be an interesting discussion even if the OP didn't mean this, but that is how I interpreted the question.

  18. Personally, I think that people swear too much because they were punished for it and people punish others for swearing because they were punished for it.

     

    If things are not psychologically processed, you often get this re-infliction or rebellion position with anything, but this includes swearing.

     

    Your mother also told you that it was because others might look down on you guys (and by extension her) so she fears these other people as it is very likely that this profanity censorship was also used against her friend group and family.

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