What everyone's takeaway should be is that Newsweek professes an editorial filter and not only let through this garbage, but featured it. WWPGD? Hell-ban Newsweek seems the appropriate measure.
Chartalism is the school of thought that's been rebranded as modern monetary theory. In a free-floating digital currency regime, the government charges inflation to quantitatively influence the inflation-deflation dynamics of the total user base.
When more people begin to look at money from a systems approach and user base, more things will be possible.
I probably need to build a quantum shor computer so the brightest minds can get back to engineering optimizations and efficiencies for our very finite lives so we can all experience rich non-Internet lives again.
TCP/IP is the original decentralized communication system. With the exception of the Thaler, the Internet has the largest social graph.
Obfuscating communications with ever increasing orders of complexity in the quest for internet privacy is a wasteful endeavor according to Goedel's incompleteness theorem.
This is just Rado's busy beaver game by a different name. At the halt, we will have moxie talking to himself. How social is that?
We've lost two decades of PhDs to structured finance and now we look poised to lose a couple more decades worth in pursuit of Internet privacy only to realize public places are not private places.
The European Union is only hanging on by a thin fibre. These values are certainly admirable, but that doesn't make them scalable from a systems engineering perspective.
Like natural resources, it's called human resources for a reason.
Everyone needs to remember that TCP/IP is the original decentralized communication system. The raw CPU power, massive storage capabilities and physical infrastructure that we have today makes mass surveillance a trivial objective going forward. The rest of the world has just realized and accepted this and that's why the NSA has come under attack in 2013.
No expects to privately have sex on the 50 yard-line at half-time of the Super Bowl. Why not?
Everyone expects to privately sext-message, or whatever, on radio frequencies. Why?
Most people here probably understand encapsulation, so why is it so hard to grasp that private activities and private information needs to be restricted to private modes, mediums and forums for communication?
When the smartest people in this community turn the corner and approach the internet as an unprivate place and refocus their creative talents towards increasing the signal-to-noise ratio of the public information, it will be a landmark-shift for society.
The world absolutely needs a way to access timely public information that doesn't require running through bureaucracies prior to meaningful distribution. People learned how to read and people are now learning to question information sources.
BTC establishes trust through transparency, not privacy. The next big internet trend is transparency == Who? What? When? Where? Why? How?
Technically, you'd be looking at BTC fiat CONVERSION cost + traditional TRANSACTION cost on the secondary party's ensuing transactions.
Fundamentally, money is nothing more than a unit by which to quantify value. Fiats can temporarily solve some problems like the issuer's spending constraint caused by a lack of units. The problem is that the unit is not standardized and thus becomes undesirable for trade as contracts for future goods/services become speculative beyond the operating complexities.
Which is longer: 2.54 cm or 1 inch?
The traditional transaction cost of the legacy financial system depend on the legal system perpetuating. Without the legal system and administrators (government) and its users (everyone), there are no contracts, no taxes and no fiat money.
This is why global legal harmonization is critical in the context of preserving the status quo. As discussed in the HyperMusic thread, changes in IP law in one "stable" country can engender massive economic flows to less regulation or more regulation depending upon who is favored.
BTC and its forks represent a parallel financial system that could possibly facilitate the preservation of much of the world's functionality in the event that the present legal system doesn't survive its next iteration to global force.
He's just salty that he didn't mine any. Bitcoins are almost as cool as Elon Musk, but the Muskoin will go where no cryptocurrency has gone before...Mars! Hold your breath y'all.
The anonymity issue is really two parts: 1) Is anonymity a right on a public piece of infrastructure? 2) Is it viable on a piece of public infrastructure?
In the case of part one, I cannot argue that anonymity on a piece of public infrastructure is a right, but I can argue it is a luxury that some will create and some will pay for.
In the case of two, with the scaled information systems we have today and the non-distributed connectivity infrastructure enabling the Internet today, anonymity is no longer viable even if part one was rightful.
When Oprah says people are dissatisfied with President Obama and his administration because he is black and offers that no one is saying it, but are certainly thinking it there are a few things to consider in this context. Should these phantom black-American haters she speaks of feel comfortable loudly proclaiming these things in, say, a busy Starbucks? Oprah's phantom black-American haters certainly have the legal protection to do so today, but why aren't they and to what degree is it or is it not a good thing they are not verbalizing these positions in public forums? Depending upon where you stand here, why should a public information exchange be any different?
Back to part two; I get it. The Internet has been a place that little people could make big statements about the government and powerful people without consequence. I don't believe that will ever go away, even if anonymity is further diminished. The internet isn't just a public forum, it is a public record and there is physical distance between parties. If anything, I think the technological diminishing of anonymity on public Internet forums is a good thing because it promotes coherent argument instead of trolling ad hominem.
Anonymity and privacy will always exist in the same form they have for centuries: in the non-public, non-digital world we know as the real world. People violate their own privacy right by doing stupid things on public Internet forums, not Google, Microsoft, Facebook, etc.
Until further notice, you can still take a private shower in the nude in the privacy of your home. If you want private sexual relations, don't record the memory. If you want to critique public policy, you will be much more authoritative and effective if you offer a strong coherent argument for the public record.
Spam, porn and trolling are destructive to the Internet. Those are the problems and the solutions will be what they are.
OTOH, maybe spam, porn and trolling is the Internet and everyone is pretending otherwise.
I expect the Chinese to expand support of cryptocurrencies to strengthen their geo-political position through a peaceful strategy like this. All other financial strategies involve interfacing with legacy financial warehouses and inventory systems which limit their leverage.
You're on the right path... Multi-node is key, but insufficient itself. The general public in the western world doesn't care enough to make much noise, but each day is one day closer to a lot of upset people demanding answers.
A public media infrastructure is at least as important as Linux. It's coming.
It's normal here because of the ubiquity of dollars. Germany has nothing to protect making the hunting of barter market participants just another government cost.
So your solution is more bureaucracy? I take it you believe the bureaucracy will be good with their extraordinary privileges "this time"?
Get out of here, shill!!!
People should lose all hope of online privacy and the sooner that value-reality-is embraced by the many, the sooner everyone can regain a healthy balance between online and offline lifestyles.
Repeat after me: I only have the perception of a private life online. Anything I say or do online will be stored forever and used against me and my progeny as the prevailing
laws and law enforcers deem appropriate.