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  • r3volution 3.0's Avatar
    07-09-2020, 07:37 PM
    Yes, because no one buys products that use proprietary software... So will Linux inevitably become the dominant OS? They can just adopt anything any other open source OS comes up with, and no proprietary OS will be trusted, right?
    9 replies | 265 view(s)
  • r3volution 3.0's Avatar
    07-09-2020, 07:19 PM
    You make it sound as if that's trivially easy or inevitable. It's not. If it were, no dominant company would ever stop being dominant. As for BTC being the biggest, that's certainly true, and that network effect supports BTC, but that will fade over time without an underlying use-case. An asset supported by nothing but the network effect, i.e. with everyone buying only to sell to someone else, is in a speculative bubble. See above
    9 replies | 265 view(s)
  • r3volution 3.0's Avatar
    07-09-2020, 07:03 PM
    The more dollars outstanding relative gold reserves, the smaller the amount of gold available to back each dollar, i.e. the higher "price" of gold in dollars. E.G. If we take current M1 + Savings Accounts and give that a 10% gold backing, that would require a gold "price" north of $6000. The only way to get a lower price is to do a lower backing (which risks bank failures and liquidation) or to reduce the number of dollars or dollar-denominated demand deposits (which pretty much requires that same liquidation).
    173 replies | 15702 view(s)
  • r3volution 3.0's Avatar
    07-09-2020, 05:59 PM
    Another way to think about it: Suppose next year we discovered a new element even gold-ier than gold; maybe it's identical to gold, except it's more value-dense so it's cheaper to store. It would replace gold, which would go to zero. Then we discovered an even gold-ier element the next year, and so on and so forth. Once people realized that each of these metals is bound to be replaced by something better, none of them would be useful as a store of value. Barring the discovery of new elements, however, gold isn't likely to lose its value as a good. It's been almost universally valued as a good for all of human history, independent of any changes in technology, culture, etc. The Sumerians had about the same view of gold as we do. This puts gold in the same category as sugar, chicken, or pretty girls - i.e. things unlikely to go out of style anytime soon. In contrast, BTC belongs with the current model iphone, or the current model Toyota Camry, which everyone knows will become obsolete in the not too distant future. They might be great products, you might make a lot of money selling them at the moment, but you don't want to put your life savings into stockpiling them.
    9 replies | 265 view(s)
  • r3volution 3.0's Avatar
    07-09-2020, 05:48 PM
    None of that is unique to BTC. There's no reason that some other cryptocurrency can't develop the next big feature and surpass BTC. The big guy isn't always the most innovative. Now, excuse me, I'm going to go listen to my Zune.
    9 replies | 265 view(s)
  • r3volution 3.0's Avatar
    07-09-2020, 05:15 PM
    BTC isn't a good like gold. BTC isn't supported by law like the dollar. BTC's value derives from its utility as a payment processing system, like VISA, Paypal, etc. Now let's suppose for the sake of argument that BTC is the greatest payment processing system of all time. There's no reason to think it will stay that way.
    9 replies | 265 view(s)
  • r3volution 3.0's Avatar
    07-09-2020, 04:17 PM
    How are you playing it? Have you sold stock, bought puts? I've toyed with the idea, but I can't bring myself to risk losing the upside. We're entering a world of extreme volatility. We could wake up tomorrow and find that the Fed monetized half the bond market.
    173 replies | 15702 view(s)
  • r3volution 3.0's Avatar
    07-09-2020, 04:10 PM
    I don't see a return to gold even if the alternative is hyperinflation. It would mean the greatest liquidation in world history. Among other effects, entitlements and pensions would collapse. And that makes for a very tough slog come reelection time, and I think we know where the politicians' priorities lie. But, if you're right, gold will have to be revalued to an extraordinarily high level. So, whether that happens, or, as I expect, we stagger into stagflation, gold and the like is the place to be.
    173 replies | 15702 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 11:29 PM
    No, I'm not; go all in for Trump. Good luck :upsidedown:
    4 replies | 145 view(s)
  • r3volution 3.0's Avatar
    74 replies | 1338 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 11:15 PM
    A lot of older folks, many of them not too clever, now have internet access. I'm not too keen on the pig in chief abusing them for money.
    74 replies | 1338 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 11:12 PM
    Another possibility is that the reality TV character that you people elected isn't up for the job and has no idea what the fuck he's doing. ...something to consider.
    4 replies | 145 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 11:02 PM
    You're stepping around my original point (some Originalist); who enforces these penalties?
    49 replies | 1183 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 10:46 PM
    Oh, but it was done; we're living this experiment. The whole political theory of the enlightenment was absurd: well intended, but absurd and hopelessly naive. That describes the Founders, their whole generation: great, laudable, and utterly naive idealists. ...who actually thought that words on paper would magically restrain state power. ...which almost sounds like something from the dark ages, actually: sprinkle some Saint water on the parchment and we're all set.
    49 replies | 1183 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 10:35 PM
    It's not a question of the clarity of the writing or of penalties. Write it more clearly, including automatic crucifixion for anyone who violates it, and pin it on your wall. Why would anyone follow it? Why would this be any different than any other scrap of paper in anyone's drawer anywhere in the world? The problem, as I said above, is that the people entrusted with enforcing this rule written on paper are the same people which it's meant to bind.
    49 replies | 1183 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 10:15 PM
    7 replies | 290 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 10:04 PM
    Okay You object to my claim that the state can't be bound by law because the state itself enforces the law. So, I ask you, who enforces the constitutional law which purports to bind the state? If the Constitution says, for instance, that the state can't fund a program called Medicaid, who forces them to not do that?
    49 replies | 1183 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 09:50 PM
    To be enforced by whom? The SCOTUS who ignore the constitution? The Congress who ignore the constitution? The POTUS who ignores the constitution? Perhaps the voters who ignore the constitution?
    49 replies | 1183 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 09:46 PM
    ...pretty sure I did. If you have a specific objection, other than calling my comment "retarded shit," I just might be able to give a more specific answer.
    49 replies | 1183 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 09:42 PM
    I must be wrong.. It isn't the case that the US government ignores the constitution. There is a magic constitution fairy which forces them to abide by it. ...which is why we presently enjoy constitutional government.
    49 replies | 1183 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 09:38 PM
    What does "globalism" mean to you, dannno? Is it a reservoir for all things that you dislike, a basically meaningless term, like "swamp" or "deep state"?
    74 replies | 1338 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 09:26 PM
    Someone, who will remain unnamed, negged the above with the comment "globalism is the opposite of liberty." No, state power over the individual is the opposite of liberty. Such state power manifests itself, inter alia, in the form of: --restrictions on the movement of human beings across borders --restrictions on the sale of goods across borders
    74 replies | 1338 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 09:15 PM
    The Carlson monologue tonight was about how Trump's been "trying" to bring the troops home from Afghanistan, but the evil Deep State congress has of course been standing in the way (and Hillary would have been worse and, for good measure, let's call CPUd names). This is, of course, bullshit. The President can do exactly as he pleases with troop movements (one of the reasons that D.C. people were so afraid of Ron). There are laws permitting Trump to fight wars; there are none requiring him to fight wars. And yet no one will challenge this, Tucker will never admit that he was lying, and the world will turn, with there continuing to be such a creature as an anti-war Trump supporter (until Trump loses, at which point everything he was doing, which Biden continues, will either be called soft on or, and perhaps simultaneously, warmongering).
    121 replies | 5716 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 08:57 PM
    What good do you think he's been doing?
    43 replies | 1427 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 08:55 PM
    What's $6 trillion between friends? That's only $47,000 per household. They won't mind, so long as the country is sufficiently MAGAerficatified. The Chinese are robbing us! SAD!
    8 replies | 377 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 08:45 PM
    Correct Culture - music, food, etc - is very important to the individual's enjoyment of life, but it has precious little to do with politics. I'm in favor of individual liberty, with happiness being defined as whatever people want to do, provided they don't violate the rights of others.
    74 replies | 1338 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 08:29 PM
    Molyneux, Carlson, and Trump are representatives of "conservatism" insofar as that means socialism lite coupled with traditional cultural values. They fight people like that Young Turk guy, Maddow, and Sanders (same thing but different cultural values). Who cares? I don't. I'm delighted to see Molyneux banned, but there's a near-unlimited supply of leftists on youtube, so it doesn't much matter.
    43 replies | 1427 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 08:09 PM
    I miss the days when RPF didn't mindlessly support the sprint toward socialism because of delusions relating to race and culture.
    74 replies | 1338 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 07:52 PM
    As I said, enjoy your Biden, you've earned it.
    74 replies | 1338 view(s)
  • r3volution 3.0's Avatar
    07-07-2020, 07:51 PM
    No helmet, no diaper, no medicine, no food, no books, no thoughts, no problem. Who said human evolution is dead? This may be one of those punctures in that whole punctuated equilibrium business.
    7 replies | 290 view(s)
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