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You can use this piece of software to calculate hashing power/cost ratio I will be updating this program frequently to make sure its very accurate
That way you will know how much money to invest for your desired hashing power.
http://www.2shared.com/file/ik aqZJP8/ hash_calculator.html
That way you will know how much money to invest for your desired hashing power.
http://www.2shared.com/file/ik aqZJP8/ hash_calculator.html
You can use this piece of software to calculate hashing power/cost ratio I will be updating this program frequently to make sure its very accurate
That way you will know how much money to invest for your desired hashing power.
here is the download link : ....
That way you will know how much money to invest for your desired hashing power.
here is the download link : ....
I imagine a lot of people losing motivation to create new products if they can't copyright and patent them.
Obviously it hasn't happen so we can't be for sure.
What inspires people to create new products in this world where they can't hold on to their IP?
I'm talking about business and profit minded individuals not products that are designed to make the world a better place / non profit art etc.
I'm saying would we have a "microsoft windows" etc, (maybe we'd be better without in this case).
Obviously it hasn't happen so we can't be for sure.
What inspires people to create new products in this world where they can't hold on to their IP?
I'm talking about business and profit minded individuals not products that are designed to make the world a better place / non profit art etc.
I'm saying would we have a "microsoft windows" etc, (maybe we'd be better without in this case).
You're right. There's never been a successful operating system created without a profit motive or copyright. There's also never been anyone who has tried to make a profit with anything in the public domain or with any ideas they couldn't use the gov't to force others not to copy.
OK b2c, basically you think that intellectual property shouldn't exist and property should. Interesting considering the concept of property has to come from the mind of a human.
But the concept of property is not property.
You cannot steal anything you cannot exclude.
So if you can't stop me from taking something, it wasn't yours to begin with?
Every person and business has costs of exclusion.
This argument is mostly moot anyways as the internet has effectively removed any effective means of enforceable copyright. Those who adapt will prosper, those who fight the change will stagnate and die.
That's not my problem any more than if you were to invest in a business based on a dying market. So you started a buggy whip company and now you need to recoup those expenses plus make some profit. Good luck with that. I guess you want to enforce that with guns too?
I don't see anywhere that he mentioned using force to recoup his expenses and profit. His point was that he can't profit from his creation if you steal it and give it away. Amazing how you turn that around to him using force.
Also, comparing losses due to theft of a product to an unmarketable product doesn't make any sense.
You cannot steal anything you cannot exclude.
1. If lots of people want something, the price goes up relative to what it would be if fewer people wanted said product (and vice-versa)
Higher production volume often results in lower price (as you mention in your next argument...)2. If lots of people have and/or produce something, the price goes down relative to what it would be if fewer people supplied said product (and vice-versa).
Unless for instance the higher production volume creates a strain on neccessary resources.When I said 'relative,' I meant to imply all other things being equal as opposed to implying an 'absolute' outcome if that happens. If the word 'relative' did not suffice for that, I apologize.
Economics is 99% common sense applied rigorously.
However, just because it is not complicated, does not mean it cannot be hard.
However, just because it is not complicated, does not mean it cannot be hard.
Economics is no more common sense than math is, and probably even less so.
1. If lots of people want something, the price goes up relative to what it would be if fewer people wanted said product (and vice-versa)
2. If lots of people have and/or produce something, the price goes down relative to what it would be if fewer people supplied said product (and vice-versa).
3. Incentives matter.
Most everything follows from there (if applied rigorously), and point 3 is the most important point in most cases.
Just because it is not complicated, does not mean it is not hard. However, most of the 'hardness' comes from having to undo all the mental gymnastics that you're put through to explain why, all of a sudden, the opposite of core economic principles apply in this special case.
Remember, folks...
Mises.org's books are free(well, the digital edition at least) thanks to the hardworking anti-intellectual property movement.
P.S. We need a bitcoin address for mises.org.
Mises.org's books are free(well, the digital edition at least) thanks to the hardworking anti-intellectual property movement.
P.S. We need a bitcoin address for mises.org.
A bitcoin address for LewRockwell.com would be good as well (guy who founded mises institute).
What's labor value, and why do I value it?
It is work, commodity based money like gold retains its value because it is rare and recognized as money. It is also fiat, but can act alone as a bitcoin type currency. Labor on matter is wealth and money involves trade between two forms of wealth.
Is all labor on all matter wealth?
Wrote up a short piece on the issue: http://bit.ly/hWHUoY
Mostly normative for now. Will probably get into what is actually happening in detail tomorrow.
Mostly normative for now. Will probably get into what is actually happening in detail tomorrow.
Here's my two cents (posted elsewhere previously):
Since regulation looks imminent, and the DOJ is not going to be able to keep seizing payment processors after it's explicitly legal in the US, they're going for one big score before it becomes impossible. Especially since they know no one they indicted will show up in the US For court. They're just trying to get them to pay money for the promise that they'll be able to enter the US market again once it's legalized.
Since regulation looks imminent, and the DOJ is not going to be able to keep seizing payment processors after it's explicitly legal in the US, they're going for one big score before it becomes impossible. Especially since they know no one they indicted will show up in the US For court. They're just trying to get them to pay money for the promise that they'll be able to enter the US market again once it's legalized.