Post
Topic
Board Bitcoin Discussion
Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws)
by
AnonyMint
on 23/02/2014, 01:59:08 UTC
This is the bifurcation mentioned upthread and Pentax is on the losing side where no finance survives.

and that's where we part ways.  nothing that circumvents the law, or makes any attempt to do so will survive.  period.

the answer is not to circumvent, the answer is to change the law or to see that the laws we want to protect bitcoin are passed.  to change the system, you have to work within it, like it or not.

we need lobbies and lawyers just like any other interest group if we want to do that, otherwise, you're right, this will be defanged, beaten down and ultimately destroyed.

I think people fail to comprehend that the $150 trillion debt, means $25,000 for every living human, including babies, elderly, and those billions who live in countries where the average person doesn't generate even $5000 income per year (not to mention basic needs such as food comprising a large portion of their income). When the IMF says this is a 200-year debt high, that doesn't seem to register in the mind of people can only think in terms of life in western nations during their and their parents lifetime.

The law and the system behind it is entirely bankrupt and it will be confiscating everything. Finances will not survive. Changing the law won't make it not bankrupt because the people are unable to accept a non-corrupt system because they themselves are already corrupted by the system as explained below.

Whether you like it or not, the only way to survive is anarchy. Peaking (collapsing) socialism will devolve to every man for himself either in total Mad Max chaos or in a decentralized trust system of organized anarchy, i.e. mutually agreeable rules for freedom that don't devolve into centralization (socialism).

You better pray I succeed in the latter outcome, otherwise there is only megadeath and destruction ahead.

CoinCube this genre of post is another evidence that socialism can't abort. You see my theories in action. The people can't comprehend that their system is bankrupt and that there is no possible top-down solution. Laws can't turn 60-year old people into 20-year expert computer programmers, biotech experts, nanotech experts, etc.. The socialism destroyed (appropriate to the Knowledge Age) education, reproduction, and has set up a massive failure. You've got a society with mostly the wrong skills, the wrong understanding of what is possible, etc.. Instead the people have been busy creating that $150 trillion global debt by learning and doing vocations that are useless in the coming Knowledge Age. This is what debt does. It misallocates human capital (lifespans) by allowing them to do uneconomic activities.

We can see how regulation appears to be a very loving and correct direction (listen to her charming speach). She is head of the IMF that is proposing 10% confiscation (termed "financial repression") of bank account balances across the EU to bring debt back to 2007 levels (i.e. not a solution and they will have to come back for more and more).

To see why the peaking socialism will tax itself into megadeath as it has repeatedly done throughout all human history since Mesopotamia...

Just look at the glossy eyes of the women in this Q&A debate on man-made, global warming (AGW). You can see they really believe (the "good salesman vs. bad salesman" Hegelian dialectic that has been programmed into their brains by TV and the state-school system) there are "carbon bullies" and totally fail to comprehend the truth.

And you can see practicaldreamer over there in the Anonymity thread, continuing to conflate orthogonal concepts.