On Tue, Jun 4, 2013 at 1:04 PM, Sasha Pachev wrote:
> I would like to address the point mentioned earlier that you cannot have
> conspiracy with more than 2 people for very long.
>
> I grew up in a country (Soviet Union) where conspiracy involving millions
> lasted for at least 70 years, and did
On Tue, Jun 4, 2013 at 7:39 PM, Joshua Marsh wrote:
> On Tue, Jun 4, 2013 at 1:15 AM, Levi Pearson wrote:
>
>> So, like all things related to the government, there's a balance
>> that's been struck. There's good reason for it, and it bears
>> considering *why* it's set up the way it is before yo
On Tue, Jun 4, 2013 at 3:04 AM, Stuart Jansen wrote:
> On Mon, 2013-06-03 at 23:21 -0500, S. Dale Morrey wrote:
> > More eyes don't always squash bugs. I seem to remember a problem with
> > OpenSSL awhile ago where someone was initializing a pointer to 0 or
> > something when it was supposed to
On Tue, Jun 4, 2013 at 1:15 AM, Levi Pearson wrote:
> So, like all things related to the government, there's a balance
> that's been struck. There's good reason for it, and it bears
> considering *why* it's set up the way it is before you go and advocate
> rearranging everything.
>
>
I can agree
On Tue, Jun 4, 2013 at 6:39 PM, Daniel Fussell wrote:
> I've been in the bank sector, and wikipedia, et al, only tells you half the
> system; there's also a social part of it. I've watched a solid bank
> collapse under what essentially was a bunch of hair-brained idiots raving in
> forums. Only
On 06/02/2013 12:32 PM, S. Dale Morrey wrote:
A conspiracy involving more than 2 people will quickly fall apart, people
like to talk to much.
In fact the only way 2 people can keep a secret is if one of them is dead.
And the other one is missing in action. ;-)
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On 06/01/2013 05:55 PM, Levi Pearson wrote:
On Jun 1, 2013, at 5:23 PM, Bonez wrote:
Forgive my asking, and know that my question portends no doubt or rejection
... Just curious what your background is, Levi? Do you work in finance, or
simply read a lot? I'd like to learn more about our us sys
On Tue, Jun 4, 2013 at 6:19 PM, Daniel Fussell wrote:
> when anyone on the street would gladly shave your back for a nickel
>
Waka Waka DooDoo Yeah!
-John
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On 05/31/2013 10:54 AM, Levi Pearson wrote:
On Fri, May 31, 2013 at 9:43 AM, Michael Torrie wrote:
I guess time will tell. I don't believe having a prime rate of zero is
sustainable. Though it's doing a great job of enriching people at the
expense of those who are frugal savers.
If by "frug
I would like to address the point mentioned earlier that you cannot have
conspiracy with more than 2 people for very long.
I grew up in a country (Soviet Union) where conspiracy involving millions
lasted for at least 70 years, and did not quite die when the West began to
prematurely celebrate its
On Mon, 2013-06-03 at 23:21 -0500, S. Dale Morrey wrote:
> More eyes don't always squash bugs. I seem to remember a problem with
> OpenSSL awhile ago where someone was initializing a pointer to 0 or
> something when it was supposed to be there as a random value. Ended up
> causing a major exploit
On Mon, Jun 3, 2013 at 10:16 PM, Joshua Marsh wrote:
> On Sun, Jun 2, 2013 at 3:18 PM, Levi Pearson wrote:
>
>> No, the law does not allow shares to be sold to the public. There was
>> a provision that allowed it *at the time the Fed was created*, but
>> only *if* the regional banks did not meet
More eyes don't always squash bugs. I seem to remember a problem with
OpenSSL awhile ago where someone was initializing a pointer to 0 or
something when it was supposed to be there as a random value. Ended up
causing a major exploit and a huge mess. More eyes would cause political
pressure to de
On Sun, Jun 2, 2013 at 3:18 PM, Levi Pearson wrote:
> No, the law does not allow shares to be sold to the public. There was
> a provision that allowed it *at the time the Fed was created*, but
> only *if* the regional banks did not meet their funding goals through
> sale of shares to the banks a
On Sun, Jun 2, 2013 at 10:54 PM, Russel Caldwell wrote:
> On Sun, Jun 2, 2013 at 12:32 PM, S. Dale Morrey wrote:
>
>>
>> The fed arose out of a series of financial crisis that the USA was
>> undergoing at the time. It was authorized because of technocratic
>> thinking, that is to say the people o
On Sun, Jun 2, 2013 at 12:32 PM, S. Dale Morrey wrote:
>
> The fed arose out of a series of financial crisis that the USA was
> undergoing at the time. It was authorized because of technocratic
> thinking, that is to say the people of the day believed that the best way
> to manage the money suppl
On 6/2/2013 9:10 PM, S. Dale Morrey wrote:
Cash serves (in my mind) a specific purpose. It's sole purpose is to
facilitate exchange between parties, for instance I can pay taxes with it
and buy gas for my car, groceries to feed my family etc. It doesn't matter
if that cash is dollars, euros or
No it's not internally inconsistent or contradictory. You just missed my
point.
Cash serves (in my mind) a specific purpose. It's sole purpose is to
facilitate exchange between parties, for instance I can pay taxes with it
and buy gas for my car, groceries to feed my family etc. It doesn't matt
On Sun, 2013-06-02 at 19:53 -0600, Stuart Jansen wrote:
> On Sun, 2013-06-02 at 17:37 -0500, S. Dale Morrey wrote:
> > Please elaborate. I'm very interested. I like knowing where I am wrong.
> > It makes me smarter. I'm a bit like a Pakled in that regard.
> > http://www.imdb.com/title/tt0708768/q
On Sun, 2013-06-02 at 17:37 -0500, S. Dale Morrey wrote:
> Please elaborate. I'm very interested. I like knowing where I am wrong.
> It makes me smarter. I'm a bit like a Pakled in that regard.
> http://www.imdb.com/title/tt0708768/quotes
> :)
Unless you're a technology company, putting your mon
On Sun, Jun 2, 2013 at 4:37 PM, S. Dale Morrey wrote:
> On Sun, Jun 2, 2013 at 5:18 PM, Stuart Jansen wrote:
>
>> >>On Sun, 2013-06-02 at 17:03 -0500, S. Dale Morrey wrote:
>> >>My opinion is that ALL currencies are just a medium of exchange and it
>> >>needs to flow freely.
>>
>> >> Longterm sto
On Sun, Jun 2, 2013 at 5:18 PM, Stuart Jansen wrote:
> >>On Sun, 2013-06-02 at 17:03 -0500, S. Dale Morrey wrote:
> >>My opinion is that ALL currencies are just a medium of exchange and it
> >>needs to flow freely.
>
> >> Longterm stores of value would be things like gold, silver
>
> >Wow. Just..
On Sun, 2013-06-02 at 17:03 -0500, S. Dale Morrey wrote:
> My opinion is that ALL currencies are just a medium of exchange and it
> needs to flow freely.
> Longterm stores of value would be things like gold, silver
Wow. Just... wow.
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The question that really needs to be answered is how do you view the US
Dollar?
Is it a long term store of wealth or a medium of exchange to facilitate
transactions?
My opinion is that ALL currencies are just a medium of exchange and it
needs to flow freely. As long as it move
Currency in my mind
On Sun, Jun 2, 2013 at 12:11 PM, Joshua Marsh wrote:
> On Sat, Jun 1, 2013 at 5:14 PM, Levi Pearson wrote:
>
>> And you say "beholden to its anonymous shareholders" like that isn't how
>> all corporations work.
>>
>
> This is coming from someone who listens to the No Agenda show, so take it
> wit
A conspiracy involving more than 2 people will quickly fall apart, people
like to talk to much.
In fact the only way 2 people can keep a secret is if one of them is dead.
The fed arose out of a series of financial crisis that the USA was
undergoing at the time. It was authorized because of techno
On Sat, Jun 1, 2013 at 5:14 PM, Levi Pearson wrote:
> And you say "beholden to its anonymous shareholders" like that isn't how
> all corporations work.
>
This is coming from someone who listens to the No Agenda show, so take it
with a grain of salt. I'm more concerned about the fact that the Fed
On Sat, Jun 1, 2013 at 7:14 PM, Levi Pearson wrote:
> Wages rise over time and safe investments are available that do retain value
> over time as well as provide economic value, which hoarding cash does not.
Can you give some examples of such investments?
-Dan
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On Jun 1, 2013, at 5:23 PM, Bonez wrote:
> Forgive my asking, and know that my question portends no doubt or rejection
> ... Just curious what your background is, Levi? Do you work in finance, or
> simply read a lot? I'd like to learn more about our us systems.
I work in the tech field, like mos
On Sat, 2013-06-01 at 15:47 -0600, Joshua Marsh wrote:
> You seem to be suggesting that the US dollar hasn't been manipulated by
> people with similar things. The Fed isn't as bright and wonderful as most
> people seem to think. At the end of the day, they are still beholden to
> their anonymous sh
Forgive my asking, and know that my question portends no doubt or rejection
... Just curious what your background is, Levi? Do you work in finance, or
simply read a lot? I'd like to learn more about our us systems.
On Jun 1, 2013 5:14 PM, "Levi Pearson" wrote:
> On Jun 1, 2013, at 4:01 PM, Charle
On Jun 1, 2013, at 4:01 PM, Charles Curley
wrote:
> On Sat, 1 Jun 2013 15:47:13 -0600
> Joshua Marsh wrote:
>
>> You seem to be suggesting that the US dollar hasn't been manipulated
>> by people with similar things. The Fed isn't as bright and wonderful
>> as most people seem to think. At the
On Sat, 1 Jun 2013 15:47:13 -0600
Joshua Marsh wrote:
> You seem to be suggesting that the US dollar hasn't been manipulated
> by people with similar things. The Fed isn't as bright and wonderful
> as most people seem to think. At the end of the day, they are still
> beholden to their anonymous s
On Sat, Jun 1, 2013 at 3:25 PM, Levi Pearson wrote:
> Yeah, instead of the Fed controlling the stability of the currency
> according to a strict legal mandate, the value of Bitcoin can be
> manipulated by anyone with a couple million bucks and a Twitter
> account. Sounds *way* better to me.
>
>
On Fri, May 31, 2013 at 11:43 PM, Jessie A. Morris
wrote:
> Volatile currencies aren't subject to corruption, favors, etc. Or, at least,
> Bitcoin isn't in the same way that government controlled fiat currencies are.
Yeah, instead of the Fed controlling the stability of the currency
according to
On Friday, May 31, 2013 23:25:19 Daniel wrote:
>
> Thanks for your help. I prefer an imperfect regulatory system over a
> volatile currency.
>
> --Daniel
Volatile currencies aren't subject to corruption, favors, etc. Or, at least,
Bitcoin isn't in the same way that government controlled fiat c
> > Levi,
> >
> > You talk of the Fed as a regulatory body that keep the inflation in
check.
> > If there is a decentralized monetary system how do you
regulate/influence
> > inflation?
>
> Well, I gather that preventing inflation was one of the reasons that
> bitcoin has a fixed supply. A another
A
On May 31, 2013 2:17 PM, "Daniel" wrote:
>
> Levi,
>
> You talk of the Fed as a regulatory body that keep the inflation in check.
> If there is a decentralized monetary system how do you regulate/influence
> inflation?
Well, I gather that preventing inflation was one of the reasons that
bitcoin
Levi,
You talk of the Fed as a regulatory body that keep the inflation in check.
If there is a decentralized monetary system how do you regulate/influence
inflation?
-Daniel
On Fri, May 31, 2013 at 10:54 AM, Levi Pearson wrote:
> On Fri, May 31, 2013 at 9:43 AM, Michael Torrie wrote:
>
> > I g
On Fri, May 31, 2013 at 9:43 AM, Michael Torrie wrote:
> I guess time will tell. I don't believe having a prime rate of zero is
> sustainable. Though it's doing a great job of enriching people at the
> expense of those who are frugal savers.
If by "frugal savers" you mean people who essentiall
On 05/31/2013 02:05 AM, Levi Pearson wrote:
> Anyway, there's plenty of places where the Fed's actions could be
> criticized, but it has generally done an excellent job in recent years
> of keeping inflation low and stable. Although I'm sure there's
> corruption there, as there is pretty much every
> >> Unfortunately, I don't see cryptocurrency being the sweet spot between
> the
> >> two. Frankly, it reminds me a lot of the Tulip Bubble.
>
> >Indeed. It's got some interesting features, and it may hang on in a
> >niche, but it's never going to be a major currency.
>
> No wireless. Less space
On Thu, May 30, 2013 at 7:40 PM, Daniel Fussell wrote:
> On 05/29/2013 08:45 PM, Levi Pearson wrote:
>> Fiat currency is specifically a kind of currency that is by definition not
>> pegged in value to any commodity. Gold-backed currency does not meet that
>> definition, and thus it is not fiat cur
On 05/29/2013 08:45 PM, Levi Pearson wrote:
On May 29, 2013, at 5:30 PM, "Jessie A. Morris"
wrote:
On Wednesday, May 29, 2013 16:56:31 Michael Torrie wrote:
Speaking of economics, I know that a few pluggers are diehard
libertarians. What do libertarian-mind people think of bitcoin? In
some
On 29 May 2013, at 21:15, Levi Pearson wrote:
> You can see here what separates a real currency like the dollar from a
> "wannabe currency" commodity like the bitcoin. Without a sizable market in
> real goods and services as a currency, calling bitcoin a currency and
> pretending it has value
On May 29, 2013, at 8:24 PM, "S. Dale Morrey" wrote:
> Todd you might want to double check that information.
> If you lose your wallet it's gone there's no getting it back.
> There are clients that let you use deterministic keys, however those keys
> are only as secure as your password.
> Also it
On May 29, 2013, at 5:30 PM, "Jessie A. Morris"
wrote:
> On Wednesday, May 29, 2013 16:56:31 Michael Torrie wrote:
>> Speaking of economics, I know that a few pluggers are diehard
>> libertarians. What do libertarian-mind people think of bitcoin? In
>> some respects it's more like a gold stand
Todd you might want to double check that information.
If you lose your wallet it's gone there's no getting it back.
There are clients that let you use deterministic keys, however those keys
are only as secure as your password.
Also it is not a feature of the opensource bitcoin client, just some of
No rumblings about attrition that I know of. There is a central database
that keeps track of where bitcoins are at. It's not strictly required for
bitcoins to work at all. It is possible, because of that and the network,
that if you lose your wallet, then you could recover it through
that--assum
Are there any rumblings about how bitcoins as a form of exchange will deal with
currency attrition? What I mean is - if bitcoins are hoarded by individuals or
wallets are lost, that will decrease the overall currency in circulation. Are
bitcoins able to be divided into smaller increments? Also,
Yep that about sums it up.
On Wed, May 29, 2013 at 5:56 PM, Michael Torrie wrote:
> On 05/29/2013 11:26 AM, Levi Pearson wrote:
> > Inflation and deflation speak about *prices*, not directly about
> > currency value. If the value of your currency goes up, then as a
> > result prices in terms o
Well, personally, I love them conceptually.
Many libertarians subscribe to the idea of competing currencies as a
preferred alternative to an actual "gold standard." Dentralized currencies
are always a plus.
Bitcoin isn't entirely decentralized, but there are competing currencies,
and the barrier t
On Wednesday, May 29, 2013 16:56:31 Michael Torrie wrote:
> Speaking of economics, I know that a few pluggers are diehard
> libertarians. What do libertarian-mind people think of bitcoin? In
> some respects it's more like a gold standard in that there is a finite
> amount of bitcoins that can eve
On 05/29/2013 11:26 AM, Levi Pearson wrote:
> Inflation and deflation speak about *prices*, not directly about
> currency value. If the value of your currency goes up, then as a
> result prices in terms of that currency will drop, thus deflation. If
> the value of your currency goes down, prices
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