Greenie wrote:Invest in league pass and watch other teams.
I get that people might not understand technology. But you do understand theft via inflation?
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Greenie wrote:Invest in league pass and watch other teams.
earthmansurfer wrote:Greenie wrote:Invest in league pass and watch other teams.
I get that people might not understand technology. But you do understand theft via inflation?
Greenie wrote:earthmansurfer wrote:Greenie wrote:Invest in league pass and watch other teams.
I get that people might not understand technology. But you do understand theft via inflation?
Ok
earthmansurfer wrote:Clyde_Style wrote:earthmansurfer wrote:Clyde_Style - Without going too deep (and I can as I know the technology very well) - I'll just say it is not THE answer but it is AN answer. It is a step in the right direction. And when banks are apparently in danger of failing all around the world, these currencies may just be the straw that breaks the camels back, not alone their undoing. That will be our job and it will need to come from our hearts as well as our minds.
And we can't go through the banks as they just print money in which to defend themselves and attack the planet. We need to go around them, somehow.
I understand Torrent is not as valuable as money (yet) but the governments have been unable to shut it down - another protocol. I get the feeling one land may make Cryptos illegal but most will not and there is the proxy of interest. Notice how China accepts Bitcoin as a commodity and they also recently stated they will not accrue any more US Dollar Debt (forget the amount).
Will be interesting to watch the worlds largest social experiment of the people unfold. And the bigger point here is not the money (e.g. btc) it is the blokchain they reside on (BTC) - Very bad they call both the same thing, brings up confustion. That is the biggest network in the world and what can be built on it, and is being built on it, is down right EXTREMELY disruptive and not something to be made illegal. This is a Trojan horse.
The ability for us to see where these cryptos are going is really beyond our event horizon imo.
You know more about it than I do, but it seems likely it will be co-opted in any way possible. Hedge funds have been formed around Bitcoin speculation, Wall St. analysts are issuing target prices and every angle on how to profit from it is being dissected right now. The profiteers are staking their ground. We'll see what governments do next. If there is a compromise made to allow parallel currency streams flow through state regulated apparatuses, will be as disruptive? I'm not sure I understand that yet.
Certainly there is a current issue of power developing between technologists and statists. The idea has been floated around Silicon Valley to create a separate island state that allows their tech fantasies to run amok.
It does seem there is a question of whether governments become Technocracies next or not. They may not have the brain power to run it all and certain functions of digital infrastructure remains privatized, but in still centralized states like China we'll get a better clue about the technological capacties of the state. America is too fractured politically to judge and where this country does exert its ability to mine technology it seems to be for the purposes of its spy infrastructure, not addressing due process, economic and citizen infrastructure needs.
If Chinas C-party falls to populist pressure, then many things will change globally. Hard to predict.
Anyway, I'm not versed enough in Bitcoin to respond to your last points. I started off from an even more macro level in identifying what is our species most pressing concern. But certainly what economic system we pursue will impact the greater question of survival. Outside of virtual reality which is what currency is basically, the ability of technology to solve pressing issues can be profound. Mankind put themselves up against the wall with technology and they're going to have to save the planet now using it.
Came across this old post... Think Bitcoin was around $700 at the time of the post, but it came crashing down for a long bear market there after.
4 years and now at $4,000, not bad eh? Watch Bitcoin go to over $10,000 in less than a year from now...
Capn'O wrote:earthmansurfer wrote:Clyde_Style wrote:
You know more about it than I do, but it seems likely it will be co-opted in any way possible. Hedge funds have been formed around Bitcoin speculation, Wall St. analysts are issuing target prices and every angle on how to profit from it is being dissected right now. The profiteers are staking their ground. We'll see what governments do next. If there is a compromise made to allow parallel currency streams flow through state regulated apparatuses, will be as disruptive? I'm not sure I understand that yet.
Certainly there is a current issue of power developing between technologists and statists. The idea has been floated around Silicon Valley to create a separate island state that allows their tech fantasies to run amok.
It does seem there is a question of whether governments become Technocracies next or not. They may not have the brain power to run it all and certain functions of digital infrastructure remains privatized, but in still centralized states like China we'll get a better clue about the technological capacties of the state. America is too fractured politically to judge and where this country does exert its ability to mine technology it seems to be for the purposes of its spy infrastructure, not addressing due process, economic and citizen infrastructure needs.
If Chinas C-party falls to populist pressure, then many things will change globally. Hard to predict.
Anyway, I'm not versed enough in Bitcoin to respond to your last points. I started off from an even more macro level in identifying what is our species most pressing concern. But certainly what economic system we pursue will impact the greater question of survival. Outside of virtual reality which is what currency is basically, the ability of technology to solve pressing issues can be profound. Mankind put themselves up against the wall with technology and they're going to have to save the planet now using it.
Came across this old post... Think Bitcoin was around $700 at the time of the post, but it came crashing down for a long bear market there after.
4 years and now at $4,000, not bad eh? Watch Bitcoin go to over $10,000 in less than a year from now...
Damnit all. I looked at Tesla at $80 and bitcoin around the $600 and chickened out of both.