Quote from: BitCoinNutJob on December 23, 2014, 09:04:03 AM

Quote from: Rassah on December 23, 2014, 02:52:56 AM

Who will be in charge of resource allocation?

who is in charge of the information resource allocation on the internet? seems like a bit of everyone?

Information is not a limited resource (thus people don't consider intellectual property actual "property"). So there is no need to allocate it. An individual can come and take it, and it won't diminish the supply of the original. So it's not a good comparison to actual physical resources.

Quote from: ngupowered on December 23, 2014, 01:15:15 PM

Quote from: Rassah on December 23, 2014, 02:59:23 AM

.
You said that all capitalism is, is people trying to enrich themselves at the expense of others. I gave you an example of capitalism: I trade my $40 for your video card. Since capitalism is done at the expense of others, you must point out to me at who's expense this trade was done.

Actually, i merely added "possibly at the expense of others" to your 'capitalism is just two people trading' ... So, responding to your '$40 for a video card'-hypothesis, how do you know those resources could not be better spent elsewhere, benefitting mankind?

You did actually say that capitalism is something done at the expense of others, since your point is that capitalism is exploitative. And regarding your question, that's not an expense, that's a hypothetical. Plus we know those resources could not be better spent elsewhere, because if they could be, I would be offered more than $40 for it by someone else, or you would have spent that $40 on something you needed more than the card. The very fact that I traded the card for $40, and you traded that $40 for the card, means that we as individuals chose this as the best use of our resources in this situation.

Quote from: ngupowered on December 23, 2014, 01:15:15 PM

Quote from: Rassah on December 23, 2014, 02:59:23 AM

Ok, I'll answer. I own those bitcoins. Those bitcoins are my property. The raw materials I work to create are my property. Yes, I can own a sequence of bits, or more specifically the secret that lets me control those sequence of bits. I own my thoughts and my ideas, the secret securing my private keys being one of them.

Thanks, now you only have to define 'own' and 'private property' for me to properly respond to your claims.

Own as in I have control over it, can claim objective ethical right to it (I used my own body and mind to create or obtain them without forcing them out of anyone else), and have the support and agreement of society that these coins belong to me, since those I am involved with agree that I obtained them fairly.

Private property as in things that I can rightfully claim to belong to me. That I own.