You may want to read
The End of Money, David Wolman, 240 pp, Da Capo Press, 14 February 2012
insofar as it suggests that turning your smartphone
into a branch bank makes all other forms of money
irrelevant. Perhaps especially digital cash.
--dan
__
Hmm... Where have I heard of that idea before...
http://disattention.com/78/digital-currencies-crypto-finance-and-open-source/#ot
https://github.com/FellowTraveler/Open-Transactions
https://github.com/FellowTraveler/Open-Transactions/wiki/FAQ
"UNTRACEABLE DIGITAL CASH? … FOR REAL?
> Is this the r
[Another key bitcoin flaw is that it's not particularly anonymous
in the face of NSA-level network surveillance. Cash *is* (remains)
under these conditions.]
On 2012-02-27 10:26 PM, lodewijk andré de la porte wrote:
Working on this. And the network problem.
What is the plan?
Seems to me tha
>
> > 1. No offline transactions, which makes Bitcoin useless for
> > a large class of transactions.
>
> On Mon, 27 Feb 2012, James A. Donald wrote:
> > Smartphones.
>
> The implicit assumptions here, namely that
> * everyone who wants to make financial transactions carries a smartphone
> * smartph
Someone whose name has overflowed my nested-quoting stack wrote
> Perhaps you just need a short list of reasons why Bitcoin
> is not going to replace government issued currencies:
>
> 1. No offline transactions, which makes Bitcoin useless for
> a large class of transactions.
On Mon, 27 Feb 2012,
From: "James A. Donald"
>Warren Buffet correctly argues that gold will, on average,
>lose value. However there is a significant risk that
>everything except gold will lose value.
There is no risk that potable water or salt or (properly maintained) rifles
with ammunition will lose value. Gold
On 2012-02-27 1:28 AM, Benjamin Kreuter wrote:
> If the US Dollar were to fail, Bitcoin would be the last
> thing on anyone's mind; we would probably wind up switching
> to some other government's currency while we sorted out the
> mess (Yuan perhaps), or we would just spend our time
> killing eac
On 2012-02-27 1:28 AM, Benjamin Kreuter wrote:
If the US
Dollar were to fail, Bitcoin would be the last thing on anyone's mind;
we would probably wind up switching to some other government's currency
while we sorted out the mess (Yuan perhaps), or we would just spend our
time killing each other a
See 2011 shareholder letter
www.berkshirehathaway.com/letters/2011ltr.pdf
Warren Buffet's argument leads to the conclusion that had Roman in the
time of Caesar invested a talent in land, or deposited some money with
the money lenders to earn interest, his descendents would now be worth
10^67
d...@geer.org wrote:
> Warren Buffet's arguments are, to my eye, aligned with
> yours. He argues that gold has no intrinsic value, unlike
> farmland or a company like Coca Cola. In that way, his
> evaluation is as instrumentalist as is yours, to the extent
> that I understand the both of you. H
On 27/02/12 03:00 AM, Bill St. Clair wrote:
You've just made a very good argument for eliminating money, at least
government issued money. Yes, governments just love to assess taxes,
fees, and fines. No, I have no need of any of that.
Maybe, maybe not. The princes, bandits argument is not on
On Sun, Feb 26, 2012 at 10:08 AM, Benjamin Kreuter wrote:
> On Sun, 26 Feb 2012 08:48:05 -0500
> d...@geer.org wrote:
>
>>
>> Well put, James. Warren Buffet's arguments are, to my eye,
>> aligned with yours. He argues that gold has no intrinsic
>> value, unlike farmland or a company like Coca Co
On Sun, Feb 26, 2012 at 11:40 AM, Benjamin Kreuter wrote:
> On Sun, 26 Feb 2012 11:00:15 -0500
> "Bill St. Clair" wrote:
>
>> On Sun, Feb 26, 2012 at 10:08 AM, Benjamin Kreuter
> I do not follow your argument -- how does eliminating government issued
> money stop governments from collecting taxe
On Sun, 26 Feb 2012 11:00:15 -0500
"Bill St. Clair" wrote:
> On Sun, Feb 26, 2012 at 10:08 AM, Benjamin Kreuter
> wrote:
> > On Sun, 26 Feb 2012 08:48:05 -0500
> > d...@geer.org wrote:
>
> > Money and government go hand in hand. Governments need money in
> > order to manage taxes, fees, fines,
On Sun, Feb 26, 2012 at 10:08 AM, Benjamin Kreuter wrote:
> On Sun, 26 Feb 2012 08:48:05 -0500
> d...@geer.org wrote:
> Money and government go hand in hand. Governments need money in order
> to manage taxes, fees, fines, and so forth; yet money becomes valuable
> because of the legal structure
On Sun, 26 Feb 2012 17:57:14 +1000
"James A. Donald" wrote:
> > On 2012-02-26 1:18 AM, Benjamin Kreuter wrote: The demand
> > for Bitcoin as a currency is driven by its properties as a
> > digital cash system; people still need to get their
> > nation's currency at some point
>
> Frau Eisenm
On Sun, 26 Feb 2012 08:48:05 -0500
d...@geer.org wrote:
>
> Well put, James. Warren Buffet's arguments are, to my eye,
> aligned with yours. He argues that gold has no intrinsic
> value, unlike farmland or a company like Coca Cola. In that
> way, his evaluation is as instrumentalist as is your
Well put, James. Warren Buffet's arguments are, to my eye,
aligned with yours. He argues that gold has no intrinsic
value, unlike farmland or a company like Coca Cola. In that
way, his evaluation is as instrumentalist as is yours, to the
extent that I understand the both of you. His discussion
> On 2012-02-26 1:18 AM, Benjamin Kreuter wrote: The demand
> for Bitcoin as a currency is driven by its properties as a
> digital cash system; people still need to get their
> nation's currency at some point
Frau Eisenmenger writes in her 1919 diary:
http://www.wolf1168.us/misc/Articles%20of%20I
On 2012-02-26 1:18 AM, Benjamin Kreuter wrote:
You left out, "...and that they can eventually exchange it for their
nation's currency." The demand for Bitcoin as a currency is driven by
its properties as a digital cash system; people still need to get their
nation's currency at some point (e.g.
On Sat, 25 Feb 2012 13:36:50 +1000
"James A. Donald" wrote:
> On 2012-02-25 12:53 PM, ianG wrote:
> > It is also a singular lesson in the emotive power of cryptography
> > to encourage large numbers of people to hash their intelligent
> > thought processes. What we are seeing is otherwise rati
>
> That's it! Now, leave aside the libertarian hopes and the politics and
> the freedom bias and right to code and the "this time it's different" and
> all that crap -- and ask yourself.
>
> Where do you want to invest your future?
>
I will invest my time and skill to improve the people's knowle
>Then you'll find out about Santayana's curse - those that don't study
>history are doomed to repeat it. For reference, start with read John
>MacKay, _Extraordinary Popular Delusions and the Madness of Crowds_.
MacKay turns out not to be all that accurate.
The definitive work on financial bubb
On 2012-02-25 12:53 PM, ianG wrote:
> It is also a singular lesson in the emotive power of cryptography to
> encourage large numbers of people to hash their intelligent thought
> processes. What we are seeing is otherwise rational people invest much
> time & effort into what amounts to a ponzi or
I changed the title so those only interested in pure crypto can delete
and move on.
On 25/02/12 04:24 AM, lodewijk andré de la porte wrote:
This was an offtopic discussion from the start. The original paper does
not include anything about crypto.
Yeah, except Bitcoin is a cryptograp
25 matches
Mail list logo
