• Madison320's Avatar
    Yesterday, 03:00 PM
    I agree with Ron Paul. It's 100% the fault of government not Amazon. We need to stop the government from suppressing speech, not punish private companies for trying to comply.
    3 replies | 263 view(s)
  • Madison320's Avatar
    02-01-2024, 02:42 PM
    I think the reason most people can see why we'd let Puerto Rico secede peacefully and not an existing state is simply the amount of time that the existing states have existed. People think the federal government "owns" Texas because it's been part of the union for so long. One person I was arguing with said it would be theft if a state seceded. Of course they're wrong. Just because a certain amount of time has lapsed doesn't mean the state has been "absorbed" by the feds. The logic for allowing Puerto Rico to secede is the same as Texas.
    3 replies | 209 view(s)
  • Madison320's Avatar
    02-01-2024, 01:53 PM
    I think I thought of a good argument to explain why states have the right to secede. Suppose Puerto Rico decided to become a state. Would they do so with the condition that they can't change their minds and the Feds have the right to bomb them into submission if they try to leave?
    3 replies | 209 view(s)
  • Madison320's Avatar
    01-31-2024, 09:10 AM
    Why does it require a bill to be passed to protect the border? Like it's a new task that just cropped up.
    5 replies | 886 view(s)
  • Madison320's Avatar
    01-30-2024, 04:02 PM
    I would argue that there's varying degrees of representative government. Not saying it's a great system, just that it's the least bad. But there's no such thing as anarchy. You're always going to have someone with the most force in a given area forcefully making the rules. Government is force. Force exists except maybe in a Star Trek episode where when you try to shoot somebody, your weapon disappears. I used to argue that Somalia was an example of how anarchies suck, but now I don't consider it to be an anarchy. I'm not an expert on Somalia but I'd bet anything it's divided up into warlords, tribes, gangs, etc.
    1 replies | 595 view(s)
  • Madison320's Avatar
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  • Madison320's Avatar
    01-29-2024, 06:10 PM
    I'm not sure the best way the constitution should be written, but this is WAY past the point where Texas can sit around and wait for a bunch of idiots to decide what's legal. Texas needs to put out the fire first and THEN everyone can decide a long term solution. At the very minimum one possible solution would be to send the immigrants to every state based on population. It's hugely unfair to put the entire burden on a few border states. That would be like telling Texas they going to be responsible for raising all federal tax revenue. And I have a feeling the minute ALL the states get included the entire border is going to be razor wire central.
    306 replies | 11988 view(s)
  • Madison320's Avatar
    01-29-2024, 05:38 PM
    Ok, so using that logic either everything is a store of value or nothing is. There's nothing to distinguish between "good" and "bad" stores of value. Anyway you bitcoiners are wearing me out. This is my last post on this, at least until it crashes. :) To sum up my position on why bitcoin is going to fail eventually: - It has no utility - No history of maintaining value
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-29-2024, 03:49 PM
    Ok, so they should drop "store of value" off the list of criteria for money since everything is at the whim of what people are going to decide something is worth in the future.
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-29-2024, 12:47 PM
    How are all these objective valuations possible when according to you value is 100% subjective? Are you saying that supply is objective but demand is subjective? Are you saying that anything that has a stable amount of units can act as a store of value? What about a ford pinto? Another big problem is that the supply of bitcoin is infinite for 2 reasons. One is that there's an infinite supply of other crypto. Two is that bitcoin is infinitely divisible but the units will have the exact same functionality. Just divide a bitcoin into a million pieces and each millionth piece can act like a whole bitcoin. You can't do that with gold where a millionth ounce of gold has 1/million the functionality of a whole ounce.
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-29-2024, 10:30 AM
    I just want him to win for the entertainment.
    11 replies | 1394 view(s)
  • Madison320's Avatar
    01-29-2024, 09:37 AM
    Bitcoin would go way up in the short run if it was made legal tender. Not sure about the long run.
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-27-2024, 09:41 AM
    Ok, so how can bitcoin "easily fulfill" that function?
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-27-2024, 09:39 AM
    I found a few stories on MSM about this on youtube and the interesting thing is the comments are 99% in support of Texas. And these are from nbc, abc, etc. Normally the comments are 99% in support of the liberal perspective on these channels. That's obviously why the MSM is not reporting this.
    306 replies | 11988 view(s)
  • Madison320's Avatar
    01-27-2024, 09:24 AM
    Do you have a link? He literally wrote that paper dollars have no intrinsic value and I'm supposed to just accept from you that he meant the opposite? Yeah, but pretty much everything can be considered subjective if you use the dictionary definition. The constitution is subjective. Laws are subjective. That doesn't add much "value" (ha ha) to something to call it subjective. Why doesn't your definition of subjective mean arbitrary? What is it that makes subjective values non-arbitrary?
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-27-2024, 08:52 AM
    If value is 100% subjective, what criteria are you using to determine that bitcoin is a store of value?
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-26-2024, 04:50 PM
    But if people don't know the money supply has doubled, why would they subjectively decide for the value to go down?
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-26-2024, 04:28 PM
    I'm going to take a wild guess it's because it would make Biden look bad.
    306 replies | 11988 view(s)
  • Madison320's Avatar
    01-26-2024, 04:12 PM
    I've been checking google news and this story isn't even making it there. I wonder why?
    306 replies | 11988 view(s)
  • Madison320's Avatar
    01-26-2024, 03:59 PM
    How do you know Ron Paul was using meaningless terminology? That's your subjective opinion. Ha. Ha. Suppose the Fed secretly doubled the supply of money. Would the value of the dollar go down?
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-26-2024, 03:02 PM
    Yeah well, most economists said that printing money doesn't cause inflation so I'm a little skeptical of the profession. Besides that Ron Paul disagrees with you. Can you tell me where the critical part is in that video? Since economic value is subjective, what's wrong with a paper dollar?
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-26-2024, 02:49 PM
    Ron Paul disagrees with you too: "The Case for Gold" by Ron Paul "But the paper dollar, with which Americans are paid today, is not real money. Almost no real work is required of the government to produce the mass-printed paper dollar bill. So with its marginal cost of production almost zero, our paper money has no real underlying value. Nor is the paper dollar linked to anything of real value. Yet it is legal tender. That is, the U.S. government requires Americans to accept
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-26-2024, 01:38 PM
    I prefer debating in my own words, not referring to links and making rude comments.
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-26-2024, 01:36 PM
    One of the reasons commodities are used as money is the "subjective value based on certain characteristics" puts a floor on the value of the money. For example if you're using cattle as money and the value of cattle falls to the same value as a rock, you're just going to keep the cattle for yourself. That puts a floor on the price. But if the "subjective value based on certain characteristics" is low, like a piece of paper, there's no reason to keep it at any price so there's no floor on the price. That's why, in the long run bitcoin is probably going to zero.
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-26-2024, 01:04 PM
    As I said in my previous post, most of the time you can tell what most people are going to subjectively value an object based on certain characteristics. Do you agree?
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-26-2024, 11:55 AM
    If I'm trying to decide what to invest in, I'm not worried about the rare case when I'm stuck on a desert island. If I see a rock and a car, I can tell you, without knowing the price of either, that the car is worth more than the rock 99.999% of the time. Why is that? You're confusing blockchain with bitcoin. Bitcoin, by itself, has no utility or whatever word you want to use. The act of trading is not the same as the item you are trading. Besides I can trade for free already.
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-26-2024, 11:28 AM
    I support the right of anyone to buy and sell crypto. I'm just predicting it's not going to work and therefore it's not going to help in the fight against cbdc.
    21 replies | 3031 view(s)
  • Madison320's Avatar
    01-24-2024, 08:42 PM
    Can we at least agree not to get hung up on "intrinsic" or "utility" or "usefulness" word games? My question is "Why is a house almost always worth more than a picture of a house". Forget about anything I said previously. Pretend you're hearing that question for the first time. Are you really saying it's just a coincidence?
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-24-2024, 08:18 PM
    Thank you. Just to summarize for the home audience, here was my question: "Why is a house usually more valuable than a picture of a house?" Here's your answer: "Because houses tend to be valued more highly than pictures of houses."
    76 replies | 3128 view(s)
  • Madison320's Avatar
    01-24-2024, 07:51 PM
    In other words, you can't answer the question.
    76 replies | 3128 view(s)
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