- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: 40% of Bitcoin Exchanges Fail; only 30% of those refund your Bitcoins...
Posted on 4/29/13 at 4:06 pm to Poodlebrain
Posted on 4/29/13 at 4:06 pm to Poodlebrain
quote:
Any event that causes a loss in confidence in Bitcoins as a commodity will be detrimental to Bitcoins' survival. I think the chances are that a catastrophic event will occur before Bitcoins become widely distributed among those who wish to use Bitcoins as currency rather than commodities.
0
Posted on 4/29/13 at 4:09 pm to Poodlebrain
I've been following here and there with the bitcoin topics but has it been discussed with what would happen in contract disputes with bitcoin payments?
Posted on 4/29/13 at 4:10 pm to Poodlebrain
quote:
I think the chances are that a catastrophic event will occur before Bitcoins become widely distributed
If that happened, do you think that the idea of a decentralized digital currency will die with it?
Posted on 4/29/13 at 4:12 pm to Cdawg
quote:
I've been following here and there with the bitcoin topics but has it been discussed with what would happen in contract disputes with bitcoin payments?
It's all free market based, at least right now, so if chosen, both participants could utilize the services of a contract enforcement agency.
However, going deep down the rabbit hole, the bitcoin protocol actually has contract management capabilities built into its protocol, among other features, like built in escrow. If you're really interested, you can watch this video: The Future of Bitcoin
It's a discussion of the features in the bitcoin protocol that haven't been developed yet.
Posted on 4/29/13 at 4:15 pm to WikiTiger
quote:Like the Russian mafia??
participants could utilize the services of a contract enforcement agency.
Posted on 4/29/13 at 4:20 pm to LSURussian
quote:
Like the Russian mafia??
Shhhhhhh, there is no Russian Mafia
Posted on 4/29/13 at 4:22 pm to Vols&Shaft83
quote:Oh yeah, there is.
Shhhhhhh, there is no Russian Mafia
I personally had to deal with them twice when I worked in Moscow.
And they did exactly what wike described.....they were private, contract dispute settlers.
Posted on 4/29/13 at 4:25 pm to LSURussian
only twice?
All businesses over there have & use contract dispute settlers.
All businesses over there have & use contract dispute settlers.
Posted on 4/29/13 at 4:26 pm to Cdawg
quote:Twice was enough....
only twice?
Posted on 4/29/13 at 4:27 pm to WikiTiger
Right now I think it's easier to sit on the sidelines and see how bitcoin develops or fails and I get to read the great MB threads.
Posted on 4/29/13 at 4:29 pm to Cdawg
quote:
Right now I think it's easier to sit on the sidelines and see how bitcoin develops or fails and I get to read the great MB threads.
Totally understandable. It's going to be a fun ride. You are witnessing world changing developments happen right before your eyes. You are watching the equivalent of the development of the printing press.
Posted on 4/29/13 at 4:32 pm to WikiTiger
quote:Exaggerate much?
You are watching the equivalent of the development of the printing press.
Posted on 4/29/13 at 4:33 pm to WikiTiger
quote:
WikiTiger
I have a question for you.
You have called my views on economics "authoritative", which is not true at all. You have called central banks evil and a scourge on the world. You have called bitcoin a free market currency. You have stated that you will take liberty above all else. You seem to dismiss/dislike almost any centralized entity I have seen brought up to you.
So my question is that if liberty is your primary objective, do you truly believe that a world without any centralized "authoritative" entity has more liberty than one that does? Also, do you believe there is such a thing as a world with no centralized form of power?
This post was edited on 4/29/13 at 4:38 pm
Posted on 4/29/13 at 4:40 pm to BennyAndTheInkJets
Your questions would make a great thread on the Political Board.
Posted on 4/29/13 at 4:42 pm to BennyAndTheInkJets
quote:
You seem to dismiss/dislike almost any centralized entity I have seen brought up to you.
I would agree with your assessment.
quote:
So my question is that if liberty is your primary objective, do you truly believe that a world without any centralized "authoritative" entity has more liberty than one that does?
I'm not utopian. I don't pretend that a world free of government coercive violence will be perfect. It won't be. But there is a difference between collective institutional violence and violence committed by individuals or groups of people. I think CS Lewis sums up my thoughts on this quite well in this comment:
quote:
Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience.
quote:
Also, do you believe the is such a thing as a world with no centralized form of power?
I believe that that is the path we're on, and that we are slowly evolving our political and social systems to reach that point. Separating money and state is one major step in that process, just as removing political power from blood lines and giving it to a plurality was a necessary step. Sure, our current system isn't perfect, but it's certainly better than a monarchy. And the next iteration will allow for even more individual liberty. Decentralized currency is just going to be a facilitator that will help to dilute the power of the state. Will it happen overnight? Of course not. Will there still be violence and danger? Yep.
But ultimately, life will continue to get better as we get freer.
Posted on 4/29/13 at 4:42 pm to LSURussian
Do not want that shitstorm. I honestly just want Wiki to answer this one, don't have the patience to answer the responses I would get there.
Posted on 4/29/13 at 4:43 pm to WikiTiger
quote:Absolutely not. However, the insurmountable obstacle I see is dispute resolution. There will always be disputes, and without an enforcement mechanism with widespread acceptance disputes can not be resolved in manners that will be satisfactory to potential users. That will always be the stumbling block for any decentralized currency.
If that happened, do you think that the idea of a decentralized digital currency will die with it?
Posted on 4/29/13 at 4:46 pm to WikiTiger
And one last question: Do you believe that government has a lot of, or any, control over the poplulation?
Posted on 4/29/13 at 4:50 pm to Poodlebrain
quote:
However, the insurmountable obstacle I see is dispute resolution. There will always be disputes, and without an enforcement mechanism with widespread acceptance disputes can not be resolved in manners that will be satisfactory to potential users.
I'm not sure why courts wouldn't enforce a contract denominated in bitcoins. Unless the contract itself is illegal (which is really bitcoin's primary use rigtht now).
But assuming wiki hates courts as much as he hates all other sorts of governmental entities, I assume the answer is something like "well if you break contracts it will become known and in the future people won't contract with you." That or kneecapping.
Posted on 4/29/13 at 4:52 pm to BennyAndTheInkJets
quote:
Do you believe that government has a lot of, or any, control over the poplulation?
That depends. The ability to control is very tenuous and can disintegrate very rapidly (for example, 72 hours without electricity in a major urban area will likely be enough for temporary chaos to develop), however, even though the control that government has over the population is fleeting, it is still very real in the 'perception is reality' sense. In other words, people believe the government is in control so they act accordingly. Once they lose faith in the ability of a government to control the populace, well, then it all crumbles, and either breaks down completely leading to a period of violence and infighting as different groups fight to fill the power vacuum, OR, the existing government goes tyrannical to maintain power.
My vision of a world without government would ideally be developed gradually over time as technology and resource abundance allows for less dependence on government, where the power of government would gradually dissipate so as not to cause any mass panics.
This post was edited on 4/29/13 at 5:39 pm
Page 2 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News