Search found 427 matches

by LC475
Fri Jul 21, 2017 1:06 pm
Forum: Other Discussions
Topic: Bitcoin Costs More than Gold?
Replies: 110
Views: 44991

Re: Bitcoin Costs More than Gold?

I believe that bitcoininthevp is here with an open mind and wishes to interact with a community of posters with broad-ranging views. I never said he wasn't! Please stop the condescending schtick, LC475, or you will be banned. This is your last warning. You can start by deleting the last post. I thi...
by LC475
Fri Jul 21, 2017 10:17 am
Forum: Other Discussions
Topic: Bitcoin Costs More than Gold?
Replies: 110
Views: 44991

Re: Bitcoin Costs More than Gold?

I don't know how to delete a post.
by LC475
Thu Jul 20, 2017 10:06 am
Forum: Cash
Topic: All America Bank 1.5%
Replies: 88
Views: 39192

Re: All America Bank 1.5%

You may be right, or you may be wrong. When it comes to end-of-republic promises, I won't put much value in FDIC or treasury promises. The most likely scenario would be inflating away the obligations, in which case both would suffer more or less equally. OK, let's break this down. There is a scenar...
by LC475
Thu Jul 20, 2017 9:33 am
Forum: Cash
Topic: All America Bank 1.5%
Replies: 88
Views: 39192

Re: All America Bank 1.5%

It would be fatal to their ability to borrow money at reasonable rates if the gov't decided to default on Treasury Notes. Would it really, though? How much of the purchases of gov't debt is from our central bank, or foreign central banks (with printed dollars) vs those who can't conjure money out o...
by LC475
Wed Jul 19, 2017 2:49 pm
Forum: Permanent Portfolio Discussion
Topic: 600 Members Coming Up
Replies: 67
Views: 21292

Re: 600 Members Coming Up

Welcome, sweetbthescrivener. Now we have enough people to hold off the Persian army twice! 8)
by LC475
Wed Jul 19, 2017 11:39 am
Forum: Other Discussions
Topic: Bitcoin Costs More than Gold?
Replies: 110
Views: 44991

Re: Bitcoin Costs More than Gold?

bitcoininthevp wrote:I believe future value of many (all?) of the ICOs (Initial Coin Offerings) and altcoins are likely to trend to zero.
Including Ethereum?

By the way, did you take the five minutes? ;)
by LC475
Tue Jul 18, 2017 11:43 am
Forum: Cash
Topic: All America Bank 1.5%
Replies: 88
Views: 39192

Re: All America Bank 1.5%

All America Bank Savings (Mega Money Market) acct is at 1.5%, max. $35,000. Thanks for posting, Allen! I am always skeptical of these high rates, though. Since free lunches are few and far between in this world of ours, something about giving me a higher-than-average rate makes a bank seem higher-t...
by LC475
Tue Jul 18, 2017 11:18 am
Forum: Other Discussions
Topic: Bitcoin Costs More than Gold?
Replies: 110
Views: 44991

Re: Bitcoin Costs More than Gold?

You don't seem to know anything about the topic at hand yet are trying to seem like you do. Think me blustering if you wish! Don't worry -- it won't hurt my feelings. I think I have proven that I am willing to hear good points from all sides and respond thoughtfully. But your response is completely...
by LC475
Fri Jul 14, 2017 4:20 pm
Forum: Other Discussions
Topic: Bitcoin Costs More than Gold?
Replies: 110
Views: 44991

Re: Bitcoin Costs More than Gold?

Bitcoin's most impactful original idea was uncensorable money. Could you explain why you think Bitcoin is "uncensorable"? Perhaps I am just too imaginative, but it seems to me if I were in the government I could come up with a number of effective ways to "censor" it. I think the onus is on you to e...
by LC475
Thu Jul 13, 2017 5:33 pm
Forum: Other Discussions
Topic: Bitcoin Costs More than Gold?
Replies: 110
Views: 44991

Re: Bitcoin Costs More than Gold?

bitcoininthevp wrote:Bitcoin's most impactful original idea was uncensorable money.
Could you explain why you think Bitcoin is "uncensorable"?

Perhaps I am just too imaginative, but it seems to me if I were in the government I could come up with a number of effective ways to "censor" it.
by LC475
Fri Jun 16, 2017 1:24 pm
Forum: Other Discussions
Topic: Bitcoin Costs More than Gold?
Replies: 110
Views: 44991

Re: Bitcoin Costs More than Gold?

Libertarian666 wrote:There is indeed something lastingly and sustainably decentralized.

You may have heard of it: it's called "the market".
Yes, I agree. I love the market!

Here, maybe this better explains the idea I'm trying to convey:

http://urbit.org/blog/dao/
by LC475
Wed Jun 07, 2017 1:28 pm
Forum: Other Discussions
Topic: The political re-alignment of our time
Replies: 124
Views: 25703

Re: The political re-alignment of our time

Trump is definitely cunning, and his intuition is incredible. These are both "shoot from the hip" type traits, and Trump is nothing if not spontaneous in taking advantage of currents and forces that are just under the surface that nobody else notices, talks about, or knows what to do with. It works...
by LC475
Wed Jun 07, 2017 1:13 pm
Forum: Other Discussions
Topic: Bitcoin Costs More than Gold?
Replies: 110
Views: 44991

Re: Bitcoin Costs More than Gold?

If your point is that everything starts out as an idea in some single individuals head (and then their code) and therefore it is centralized in the beginning, then its hard to disagree with that. I'm just unclear on the productivity of such a definition and it borders on a truism. No, my point is d...
by LC475
Wed Jun 07, 2017 1:05 pm
Forum: Other Discussions
Topic: Bitcoin Costs More than Gold?
Replies: 110
Views: 44991

Re: Bitcoin Costs More than Gold?

Machiavelli averred, and correctly I believe, that no new human institution can be created except under absolutist authority. (Discourses on Livy) Then how was government created? Well, it depends what you mean by government (which can mean many things involving "governance," including wholly volun...
by LC475
Tue Jun 06, 2017 3:44 pm
Forum: Other Discussions
Topic: The political re-alignment of our time
Replies: 124
Views: 25703

Re: The political re-alignment of our time

Trump himself has turned out to be much more incompetent and immature than I thought, and has been unable kick out the neocons and Heritage Foundation types. I think you are totally right (in a way), but do not know how right you are. This is the fundamental truth at the root of things: The Congres...
by LC475
Tue Jun 06, 2017 3:17 pm
Forum: Other Discussions
Topic: Bitcoin Costs More than Gold?
Replies: 110
Views: 44991

Re: Bitcoin Costs More than Gold?

Bitcoin started out the same way in that Satoshi could have unilaterally made changes to the project to steal peoples money. But he didnt. If Satoshi did that, it would have consequences. The later he took unilateral action in the project life the worse the consequences. Stealing money is not the o...
by LC475
Fri Jun 02, 2017 12:29 pm
Forum: Other Discussions
Topic: Bitcoin Costs More than Gold?
Replies: 110
Views: 44991

Re: Bitcoin Costs More than Gold?

Another thing about ethereum that rubbed me the wrong way was that someone took advantage of one of the smart contracts to "steal" money. Instead of living by their mantra "the code is the law", the people running ethereum decided to "undo" the stealing. Essentially they were acting as a government...
by LC475
Fri Jun 02, 2017 12:15 pm
Forum: Permanent Portfolio Discussion
Topic: PP exit strategy
Replies: 24
Views: 12136

Re: PP exit strategy

An exit strategy implies that there's some background, normal, safe allocation to retreat to. The PP is that allocation. True, I love and share this sentiment. However, I would submit that there is an exception, just as Hal and a couple have mentioned: The only circumstance I can conceive would be ...
by LC475
Mon Mar 06, 2017 9:32 am
Forum: Other Discussions
Topic: Everything costs too much and everybody is wrong about it and who the hell knows how to fix it?
Replies: 142
Views: 35814

Re: Everything costs too much and everybody is wrong about it and who the hell knows how to fix it?

There's actually a huge body of literature addressing the problems inherent to intelligence testing. Exactly! Thank you for your 100% agreement with me. Your word "actually" in the above sentence is redundant. You just re-stated exactly what I stated. Ah, but this begs the question, "What kind of p...
by LC475
Mon Mar 06, 2017 9:25 am
Forum: Other Discussions
Topic: Everything costs too much and everybody is wrong about it and who the hell knows how to fix it?
Replies: 142
Views: 35814

Re: Everything costs too much and everybody is wrong about it and who the hell knows how to fix it?

I already answered. Read again. How about *you* stick *your* neck out and make a claim, and then maybe I'll think about "backing up" some of mine. Maybe. Claim: Somebody needs a nap. :) I generally just ignore all these meaningless posts, being above them. But since several of you -- including a Mo...
by LC475
Mon Mar 06, 2017 9:03 am
Forum: Other Discussions
Topic: Everything costs too much and everybody is wrong about it and who the hell knows how to fix it?
Replies: 142
Views: 35814

Re: Everything costs too much and everybody is wrong about it and who the hell knows how to fix it?

I am happy to see so much interest in the topic of intelligence. I optimistically hope some of it is actual interest and not just expressing certitude at having it all figured out. The journal Intelligence would be a good and interesting source to learn about the latest research, theories, and devel...
by LC475
Sat Mar 04, 2017 3:04 pm
Forum: Other Discussions
Topic: Everything costs too much and everybody is wrong about it and who the hell knows how to fix it?
Replies: 142
Views: 35814

Re: Everything costs too much and everybody is wrong about it and who the hell knows how to fix it?

Regarding intelligence of Africans, I have two questions: 1. What is the standard deviation of intelligence of both populations (African and non-African)? Non-African as in the rest of the world? Are you sure this is your question? Maybe you mean the deviation or difference between those population...
by LC475
Fri Mar 03, 2017 4:35 pm
Forum: Other Discussions
Topic: Bitcoin Costs More than Gold?
Replies: 110
Views: 44991

Re: Bitcoin Costs More than Gold?

Per ounce?

Arrgh, Libertarian666 beat me to my joke!

Bitcoin does, indeed, have an extremely high per-ounce price.
by LC475
Fri Mar 03, 2017 2:11 pm
Forum: Other Discussions
Topic: Everything costs too much and everybody is wrong about it and who the hell knows how to fix it?
Replies: 142
Views: 35814

Re: Everything costs too much and everybody is wrong about it and who the hell knows how to fix it?

(raises hand) ooh! ooh! is it race? O0 Edit: oh, but back a few pages, you wrote Each race has taken its turn at civilization, and right now the Northern European Barbarians are taking their turn. If this civilization collapses, though, there's no more promising high-IQ barbarians waiting in the wi...
by LC475
Fri Mar 03, 2017 12:01 pm
Forum: Other Discussions
Topic: Everything costs too much and everybody is wrong about it and who the hell knows how to fix it?
Replies: 142
Views: 35814

Re: Everything costs too much and everybody is wrong about it and who the hell knows how to fix it?

OK so now it seems like you are saying group and not race (African) and for groups there is variation because of the things i listed as needing to be equalized.. i see that i also mixed and matched race and group so a lack of clarity is on me here as well... i don't think you can say Africa (the co...