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#31 2014-05-17 15:48:10

colak
Admin
From: Cyprus
Registered: 2004-11-20
Posts: 7,364
Website

Re: Bitcoin donation

Bloke wrote #280867:

Anyone who wants to join me: line on the left, one pitchfork each…

Hear, hear… Although I think a buldozer would be more effective than a pitchfork.


Yiannis
——————————
neme.org | hblack.net | LABS | State Machines | Respbublika! | NeMe @ github

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#32 2014-05-18 16:41:33

zero
Member
From: Lancashire
Registered: 2004-04-19
Posts: 1,175
Website

Re: Bitcoin donation

colak wrote #280865:

Hi Peter, I watched the video but I think that the shock doctrine is somehow more relevant in helping people form an understanding of the current way international business is carried out. 78 minutes is long but it’s definitely worth watching.

Thanks for the Shock Doctrine link, Yiannis, definitely well worth the watch and relevant to all.


Wondrous Healing 3 wondrous ways to a healthy old age
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#33 2014-05-18 17:27:00

zero
Member
From: Lancashire
Registered: 2004-04-19
Posts: 1,175
Website

Re: Bitcoin donation

Bloke wrote #280867:

All good stuff. Just don’t forget the antidote :-)

Somewhere between these two extreme viewpoints are some sensible lessons to be learned. Any system based on privately-funded printing of currency or cheap borrowing in which governments have to raise taxes to pay back just the interest on the loans/printing presses is a hiding to nowhere. None of the people that make the decisions — irrespective of party policy — are altruistic enough to not be in it for themselves. They have families, and self preservation is rule number one.

That’s why Bitcoin and its friends are important because decentralization of currency and the (eventual) stabilisation of that currency gives us — the people — the power back. As long as no one entity gains over 50% of the power.

Me? I’m aiming for zero debt as quickly as I can to reduce my attack surface. And if when the shit hits the fan, I’m taking a leaf from Iceland’s book and going to help hunt down the pillock bankers, financiers and politicians who put us here through greed. Anyone who wants to join me: line on the left, one pitchfork each…

Thanks for the link to the written version of the Moneyweek report Stef. The antidote above is interesting and has lots of good stuff but to me he is guilty himself of his accusation that Moneyweek’s journalistic standards are weak. He states that Moneyweek are claiming that “the 2007-08 global financial crisis and the resulting credit crunch were caused by excessive state spending, rather than the altogether more plausible theory that the current economic chaos came about because of reckless gambling and outright corruption in the financial markets, enabled by wave after wave of ideologically driven deregulations since 1979.” This is simply not true, they don’t say that, in fact they acknowledge those ‘plausible theories’ that he talks about. OK, I don’t know Moneyweek’s agenda like he seems to do but I found the the video/article’s agenda to be very helpful to me and people like me (non-investors, non-money-oriented) and no doubt to their target audience of investors they want to turn into subscribers. It is presented in an excellent manner, very interesting and easy to follow, and although it’s about Britain I feel sure it will apply equally to confused people in many countries, particularly Western Europe and those that generally follow the USA doctrine of economics.

Bitcoin to me is like early Internet – everyone said it has such potential to change the world for the better. But as soon as money and commercial interests stepped in, the net became what it is today – mostly a market for the rich and powerful to exploit. Investors and entrepreneurs are moving into Bitcoin and I fear the worse and it will just become another part of the mainstream financial universe, no doubt with a new set of billionaires who were clever enough to exploit it’s potential for their own ends.

But I am not completely pessimistic and await your custom fields development before launching my secret antidote to the world’s problems. I’m getting too old for pitchforks and bulldozers!


Wondrous Healing 3 wondrous ways to a healthy old age
Safe Reiki Harmless natural healing.

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#34 2014-06-16 13:07:27

Bloke
Developer
From: Leeds, UK
Registered: 2006-01-29
Posts: 8,813
Website

Re: Bitcoin donation

More (possibly misguided) thoughts on this topic in light of some recent media attention: BitCoin and the 51% attack vector.


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#35 2019-06-04 01:58:10

ax
Member
From: Germany
Registered: 2009-08-19
Posts: 150

Re: Bitcoin donation

Gocom wrote #280554:

That said, I do have a very rich (with 8bit air, that is) Bitcoin address: 1LSUKQoGbLJukYgQSKeTPe912keenCgovm, which anyone is free to use it instead of that PayPal link.

This is an old thread, and at this time one Bitcoin was 450$, now it is over 8.000$. Therefore, the 50$ in this Bitcoin wallet in 2014 are 850 Euro today. Hopefully, gocom still remembers the password :-).

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#36 2019-06-04 05:53:15

philwareham
Core designer
From: Farnham, Surrey, UK
Registered: 2009-06-11
Posts: 3,210
Website

Re: Bitcoin donation

I still don’t understand what bitcoin does apart from destroy the environment. We need to stop this shit ASAP.

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#37 2019-06-04 06:06:17

colak
Admin
From: Cyprus
Registered: 2004-11-20
Posts: 7,364
Website

Re: Bitcoin donation

philwareham wrote #318364:

I still don’t understand what bitcoin does apart from destroy the environment. We need to stop this shit ASAP.

I so much agree with you, although I believe that the ever expanding dematerialisation of cash in favour of credit cards will eventually result in the proliferation of crypto-currencies.

There is one project regarding cryptocurrency mining i fully support.


Yiannis
——————————
neme.org | hblack.net | LABS | State Machines | Respbublika! | NeMe @ github

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#38 2019-06-04 07:08:34

gaekwad
Admin
From: People's Republic of Cornwall
Registered: 2005-11-19
Posts: 2,633

Re: Bitcoin donation

ax wrote #318362:

This is an old thread, and at this time one Bitcoin was 450$, now it is over 8.000$. Therefore, the 50$ in this Bitcoin wallet in 2014 are 850 Euro today. Hopefully, gocom still remembers the password :-).

Fun fact: that donation was from me, in thanks for rah_* plugins.

I amassed 0.1212 BTC from various activities related to cdnJS when I was a librarian there, and I have a very vague memory of getting a small amount from an unconnected GitHub docs commit way back in the day. When BTC peaked at 25,000USD I occasionally thought what Jukka might do with that ~3000USD worth of BTC…perhaps some replacement Sennnheiser headphones.

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#39 2019-06-04 07:09:45

gaekwad
Admin
From: People's Republic of Cornwall
Registered: 2005-11-19
Posts: 2,633

Re: Bitcoin donation

philwareham wrote #318364:

I still don’t understand what bitcoin does apart from destroy the environment. We need to stop this shit ASAP.

You missed “drive up the price of graphics cards”.

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#40 2019-06-04 12:44:48

Destry
Moderator
From: Haut-Rhin
Registered: 2004-08-04
Posts: 4,285
Website

Re: Bitcoin donation

philwareham wrote #318364:

I still don’t understand what bitcoin does apart from destroy the environment. We need to stop this shit ASAP.

+1

There’s a pretty smart guy (‘old tech command-line linux guy’ as I call such type) in the fedi that sometimes takes blockchain apart. I admit I don’t know much about it (other than the HUGE demands on electricity), but after reading a couple of his calm and rational rants, I wonder why anybody but the most immoral towards the environment would go near it.

colak wrote #318365:

There is one project regarding cryptocurrency mining i fully support.

That is indeed cool. Makes me want to set that rig up. ;)
Honestly, if mining was all done by renewable energy, I wouldn’t have a problem with it.

I believe that the ever expanding dematerialisation of cash in favour of credit cards will eventually result in the proliferation of crypto-currencies.

I hope not. I’d rather see something like local currency take hold in regional economies. Plus you get to use cool looking bills (the design of which would be fun to do).


Wordworkin’ for you.

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