On Tue, Aug 1, 2017 at 6:03 PM, \0xDynamite wrote:

What bitcoin needs to do is limit transactions to online transactions or (more exclusively) the internet. If it enters the old money marketplace, it simply engages too much confusion.

"Old money" is a representation and medium of work. One cant't just wish a new DC validity and valuation upon people from the FSM, one has to work for or exchange into a currency. No, that happens validly everywhere, online/internet, interpersonal barter, etc. Yes, it may usefully be hideable from old, as in Zcash / Zencash.

You see the old money works because it's tied to actual value, not merely scarcity. Officially or not, it's based on a valuable commodity, namely oil.

No it's not. One cannot obtain anything fixed from its issuer (The Federal Reserve) in exchange for them. Everything else from all others floats, be it freedom from jail for taxes, or petrol, eggs, jeans. Same for BTC and DC's. NO sane oilman will give you a forever and indefeasible futures contract per liter denominated in either any fiat or any DC.

Bitcoin should devise a way to tie itself to CREATIVE works and produce more bitcoin (to prevent inflation) when more creative works are produced.

aka: Mining, though it's asymptotic, approaching valuation of demand, as a currency should be. It's also known that people can't grok, due to fiat indoctrination school, and thus hate fixed quantity issuance because they failed to get in, so they foolishly demand inflation and manipulated markets as a crutch, instead of standing upon fixed (relative deflation compared to LOL of fiat) as a benefit. The fixed Q DC's posit that mutually enforced scarcity *is* the value in itself, among other new deep thought values. It's expected and normal for people to stay out till they grok that.

The untold secret of the G8 economy is that they print new money when a few key players decide

Duh. Now various DC's require their only participants to drive the print contract, and they will never ever inflate it like fiat, otherwise they lose as self suicide, just like they are murdered by fiat.

that value in the industrial economy has been produced. That's actually not a TOTALLY bad policy, but eventually it drives the planet towards entropy unless that industrialism is producing MORE order rather than less.

Are shit products from China "order"? What about raped Earth? And pointless US consumerism? Whose policy decides that?

Bitcoin can figure out a fair solution to deciding when creative value is produced. If it really wanted to be try something new, it could also value all non-material works, including academic work, patents, rather than just creative.

DC's are now programmable genesis codebase autonomous ICO's, so you may create your own valuflation order models in a new coin. Good times indeed.

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One cant't just wish a new DC validity and valuation upon people from the FSM,

DC = digital cash, FSM = finite state machine?

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one has to work for or exchange into a currency. No, that happens validly everywhere, online/internet, interpersonal barter, etc.

This doesn't make sense.

The flying spaghetti monster doesn't just drop [a] viable and valuable coin on you, you have to mine/trade/buy/work into owning some. Although people now are begining to experiment with various forms of airdrops such as AUR in Iceland, and ACT/BTX/GBYTE/XLM/WCX ... Even faucets / benevolents are evolving into devices for change... https://www.blockchainedu.org/ https://hypethon.cryptofriends.io/

No, that's not how it's done, policy-wise.

Whichever way it's done, old oil and fiat are become too much of a political game of texas holdem for many to play, thus rise of new DC game.

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Bitcoin should devise a way to tie itself to CREATIVE works and produce more bitcoin (to prevent inflation) when more creative works are produced.

aka: Mining, though it's asymptotic, approaching valuation of demand, as a currency should be.

Yes, how can you do that with fixed-quantity currency?

Mining and other ops are a (or the) tied creative works (particularly that allows a currency to move), mining and tx verification activity are paid. Tx fees, plus the intrinsic variables of a DC, plus the market work to always reward the work, both pre and post mining of the fixed quantity.

The ABSOLUTE best application of BitCoin is for the implementation of World Game credits, whose very purpose is to CLEANSE the old-money system and output a completely CLEAN money, free of all karma of history. See .

It's clear that old-money views such cleansing and DC's as intolerable ethnic crime against themselves (bankers, politics and cronies). Perhaps this time these new "criminals" will win.

On Thu, Aug 03, 2017 at 11:40:09AM +1000, Zenaan Harkness wrote:

On Wed, Aug 02, 2017 at 06:04:39PM -0400, grarpamp wrote:

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No, that's not how it's done, policy-wise.

Whichever way it's done, old oil and fiat are become too much of a political game of texas holdem for many to play, thus rise of new DC game.

Very insightful, grarpamp!

Old money? somewhat constipated, significantly unbalanced, evidently loaded with design choices which are in the interests of, ultimately, the few over the many, cyclical chaos, etc etc.

The IMF/WB/old money elite have been gunning (literally and figuratively) for a one world order, one world currency, feverishly trying to smash every holdout (Libya anyone?) of the hegemonic control system.

DCs are absolutely nipping at the heels now, and one has to wonder whether the oldmoneygarchs are "demonstrating lack of self awareness" :)

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Perhaps this time these new "criminals" will win.

There's quite the possibility.

Point being, the literal holding out (for eff knows what? the outcome's known now...) of their reset pursuant to their regime change exercises is putting the old money bullshit on display for the world, thus, as you correctly pointed out, adding some serious fuel to the fire of hope driving DCs. Over and over we witness the old-timers actually missing their best moments to move, then missing the next, then ... Thus we see quicker and more significant changes at this point in time than we would otherwise. When the truth of your insight is finally accepted by the oldmoneygarchs, it'll most likely be too late for them to have any real influence on the new game in town. All in the nature of humans...