Source: Facebook

  • Question: —“Curt, does Bitcoin meet this Criteria? Is Bitcoin superior to Gold

    Question: —“Curt, does Bitcoin meet this Criteria? Is Bitcoin superior to Gold in terms of means of exchange?”—

    Steven,

    Interesting question. Lets look at the list.

    1) Scarcity (no. as long as people want them we can create more of them at a constant rate – the problem is actually the opposite: requiring constant adjustment to the weights to require enough work to maintain consistent value. Otherwise we could produce them infinitely without cost.)

    2) Commodity Utility. (no. it has no intrinsic use.)

    3) Non-perishability (no. because like the stock market they require infrastructure for redemption.)

    4) Volume and weight to value ratio (yes)

    5) Nearly universal convertibility (not yet, and until we get to 10 second blocs, which kind of defeats the purpose, I suspect we wont get there.)

    6) Functional unit of account, store of value, and medium of exchange. (not yet. Not enough volume).

    UNDERSTANDING THAT BITCOIN ISN’T MONEY – IT’S FRACTIONAL SHARES OF THE BITCOIN NETWORK.

    A bitcoin consists of a fractional share of stock in the bitcoin network. What separates the shares of stock in bitcoin from shares of stock in other publicly and privately traded stocks, is (a) that one need not go through a clearing house (anyone with a wallet can clear an exchange), and (b) that one can sell a fractional portion of a share of his stock (a bitcoin).

    Just as any other business can fail, so can the bitcoin network. It is fully open sourced, fully transparent organization, operated by pretty good incentives, but that does not mean it cannot fail, and that those shares cannot be worthless. (In fact, it’s just as likely as not.)

    BItcoin provides low transaction costs. And I suspect that it will result in a lower cost means of transferring money, rather than as money itself.

    Now, I know a lot about the subject of what is money and what isn’t. Technically speaking, bitcoins are fractional shares of stock usable under some conditions as a money substitute that we call token money, for the purposes of decreasing transaction costs.

    It is an ingenious way of funding a business. It is however, not ‘money proper’. Or, in classical language ‘money in the narrow sense’.

    (Of course, that won’t stop a zillion imbeciles from spewing nonsense at me but that’s the reality of it.)

    It is very unlikely that anything will surpass gold as a currency of last resort. And in truth, the currency of the reigning world powers will except under shocks, always be a better store of value than gold because prices are harder to manipulate than the price of gold, since governments work hard to insure that they are the exclusive manipulators.


    Source date (UTC): 2014-08-22 14:21:00 UTC

  • FIGHT THE RIGHT BATTLE: ITS NOT ANTI-BLACK ITS ANTI-MALE (innovative idea) The u

    FIGHT THE RIGHT BATTLE: ITS NOT ANTI-BLACK ITS ANTI-MALE

    (innovative idea)

    The unpleasant truth is that the USA is anti masculine; and black males are more masculine – with much more testosterone and much more impulsivity – so black males endure disproportionate suppression of their masculinity, and exhibit a disproportionate intolerance for submission to the state.

    This is the real, unstated, incognizant origin of black criminalization: suppression of natural male behavior.

    In no other country is it so prohibited. In no other country are black males so suppressed. In no other country are males so suppressed.

    I will leave America because I understand that the war on black men is just the front line of the war on men, in the most feminist country on earth.

    God forbid men should resist enslavement by the state, and suppression of their masculinity so that privileged white men and their silly women can feel a sense of superiority through altruistic punishment.

    Free all masculinity and take black men off the front lines of the war against masculinity.

    The first problem is to know the correct enemy, and your enemy’s motivations.

    Fight the right battle.


    Source date (UTC): 2014-08-22 13:59:00 UTC

  • OVERSING UPDATE Getting much closer to feature complete. Not sure yet how long f

    OVERSING UPDATE

    Getting much closer to feature complete. Not sure yet how long from feature complete to release, but feature complete s getting close, and it is becoming very clear that nothing on the market compares.

    So cool.


    Source date (UTC): 2014-08-22 13:23:00 UTC

  • David says… Duh

    http://medicalxpress.com/news/2014-08-children-autism-extra-synapses-brain.htmlAs David says… Duh.


    Source date (UTC): 2014-08-22 12:03:00 UTC

  • “That we have immoral politics for thousands of years does not make crass politi

    —“That we have immoral politics for thousands of years does not make crass politics any less evil.”– David Macdonough.

    (Note, I just wanted to capture this response here, as a good illustration of the familial origins of morality. In this reply, I’m trying to suggest why government must be not just rational but scientific. Because, as most of you know, I have become very hostile to the pretense of reason, given the pseudoscientific attack on the west during the 20th century.)

    David,

    CASES

    A population ISLE is on a large island with Crete’s climate, plenty of sea resources, fertile volcanic soil, and they prohibit marriage until the couple can afford to buy their own home, so they practice late marriage and reproduction. This controls their population. They are all closely related so they out-breed. They conduct internal and sea trade.

    A population FOR lives in a land of forests and rivers, with a temperate climate of hot but bearable summers and cold but bearable winters, fertile soil, and they prohibit marriage until the couple can own their own home, so they practice late marriage and reproduction. Most neighboring populations practice very similar manners, ethics, morals, and traditions, and they conduct land and river trade. They are all closely related so they out breed at least locally.

    A population PEN lives on a peninsula that provides adequate but not good terrain and soil. They are surrounded on all sides by very different peoples, all of whom seek control of trade routes and taxes to fund the costs of keeping competitors at bay. They practice traditional families. Only the upper classes control their breeding. They practice non-egalitarian inheritance to keep property in the family. They breed largely with close friends and relatives.

    A Population STP lives on an steppe of horsemen with limited resources, no transportable rivers or sea lanes, harsh winters and warm short summers. All local resources are scarce so they move their herds constantly across vast areas and constantly come into competition with other similar groups. The do not control their breeding and they in-breed to keep limited portable property in the family.

    A Population DES lives on a desert of horsemen with no resources, hot days and cold nights, useless soil, and they sustain themselves by migratory herding. There are no local resources so they move their herds constantly across very fragile terrain and compete ruthlessly to obtain or hold what they have. They do not control their breeding and they in-breed almost exclusively to keep limited portable property in the family.

    While the assessment of criminal, unethical, immoral and conspiratorial conduct remains constant in all cultures, the TOLERANCE or INTOLERANCE for criminal, unethical, immoral and conspiratorial conduct varies between these groups. The degree of demonstrated morality one practices reflects the degree of outbreeding one practices.

    Cooperation is a reproductive strategy. The only rational reason for abandoning violence is that it is more rewarding to cooperate than conflict. The only reason to engage in ethical behavior is because it is more rewarding than engaging in deception with out-group members (the market) and in-group members – because they will ostracize you. The only reason to engage in moral behavior is because other members of your group will ostracize you for not. But one doesn’t care about out-group members, upon who we can impose costs at will whenever possible.

    Westerners make the mistake of confusing the universal ethics of the market, with the strategic reproductive ethics of the polity.

    No one other than westerners makes this mistake. When other civilizations complain about capitalism, it is the attack on their family structures that it represents, in no small part, they are reacting to – justifiably.

    In then end analysis, under unmitigated fully ethical, but morally neutral capitalism, over time, the most parasitic peoples that breed the fastest will conquer those that attempt to concentrate and accumulate capital.

    (See **Altruistic Punishment**. ie: suicidal tendencies.)

    I don’t make ‘should’ arguments. I make ‘is’ arguments. What we do with the world as it is, is a competitive advantage. That is why scientific arguments are a competitive advantage. A competitive advantage for the tribes and families that use them. Everything less scientific is merely a disadvantage.

    Curt Doolittle

    The Philosophy of Aristocracy

    The Propertarian Institute

    Kiev Ukraine


    Source date (UTC): 2014-08-22 10:32:00 UTC

  • Untitled

    https://petitions.whitehouse.gov/petition/mike-brown-law-requires-all-state-county-and-local-police-wear-camera/8tlS5czf

    Source date (UTC): 2014-08-22 09:42:00 UTC

  • am a big fan of the 100% transparent law enforcement initiative. If you want it,

    https://petitions.whitehouse.gov/petition/mike-brown-law-requires-all-state-county-and-local-police-wear-camera/8tlS5czfI am a big fan of the 100% transparent law enforcement initiative.

    If you want it, then this is the only way you can have it.

    I usually recommend juries as the solution to most political decisions. And social media is a better manager of bureaucratic behavior than hierarchy.

    (My product also works a bit like this. Management always has perverse incentives.)


    Source date (UTC): 2014-08-22 07:27:00 UTC

  • Entrepreneurship. Identify and satisfy demand. 🙂

    Entrepreneurship. Identify and satisfy demand. 🙂


    Source date (UTC): 2014-08-22 07:21:00 UTC

  • on Ray Percival’s commitment to reason. STIPULATIONS It is rational to hold opin

    http://www.amazon.com/The-Myth-Closed-Mind-Understanding/dp/0812696859/ref=cm_cr_pr_product_top/181-2526688-3304011Thoughts on Ray Percival’s commitment to reason.

    STIPULATIONS

    It is rational to hold opinions.

    It is rational to hold desperately to opinions.

    It is rational to hold desperately to opinions even in the face of overwhelming argumentative evidence that one cannot refute.

    It is rational to hold to opinions and beliefs as a deliberate choice if one prefers to imagine the world as one wishes, versus represent it correspondingly.

    It is rational to hold to opinions and beliefs and to conduct constant selection bias because there exist a multitude of applications in which arational, and seemingly irrational behavior are beneficial strategies, immune to argumentative change.

    THEREFORE

    The rationality of a belief is not a truth proposition post-hoc, but a volitional necessity given the preconditions set by one’s ignorance.

    This constrains rationality to constituent ignorance.

    ??No opinion then is criticizable as irrational?? Or is it that only simple and well constructed ideas are criticizable as irrational.

    ABSENT FROM CONSIDERATION

    The opportunity cost of erroneous ideas is neutral.

    The cost of conducting persuasive argument is immaterial.

    The difference in cost between the construction and distribution of various false and deceptive arguments, and truthful and honest arguments is immaterial.

    The persistence of human cognitive biases, of metaphysical assumptions, of religious, philosophical, intellectual, and normative convictions, are rational tools, and therefore immaterial.

    FALSE DICHOTOMY

    First criticism as a false dichotomy:

    1) Irrational: a statement that is internally inconsistent in construction, and we cannot determine if it would produce desired outcomes, or if it would produce undesirable outcomes.

    2) arational: a statement that is not internally consistent in construction but whose use produces desirable outcomes.

    3) rational: a statement that is internally consistent, and whose use produces desired outcomes.

    As far as I know, an arational argument is scientifically demonstrable (knowledge of use), even if scientifically inexplicable (knowledge of construction).

    As far as I know, a rational argument must be both explicable (knowledge of construction), and demonstrable(knowledge of use).

    As far as I know, an irrational argument is neither explicable (knowledge of construction) nor demonstrable(knowledge of use).

    FURTHERMORE

    The absence of a logic of cooperation renders all moral arguments extant untestable, yet all political arguments are governed by moral constraints. As such no moral arguments can be rational?

    The use of language consisting of aggregated meanings (functions) masks the underlying assumptions and renders arguments untestable, and deceptive.

    The use of in-group identity bias literally ‘pays’ people to believe things that are irrational as stated, but rational to pursue for their group’s purposes. In other words, religious and cultural ‘beliefs’ produce high returns, and therefore may not be rational, or irrational, but arational.

    CONCLUSIONS

    Therefore unlike the calm, timeless, costless world of scientific philosophy, and its pursuit of platonic truth, the opposite is true, particularly under democracy: we are fighting, always, to use the violence of government to extract money from some purpose to apply it to some other purpose, in real time, with real consequences, and ignorance is a luxury in the philosophy of science but not in life.

    Scientists consider the pursuit of truth independent of cost. No one else has that luxury. Scientists are a privileged class and advocate the belief systems of a privileged class. Unlike scientists, who are not temporally bound, or theologians who are neither temporally, or existentially bound, human action requires we compensate for temporal and existential constraints, as well as opportunity costs.

    Because the purpose of thought is action. We do not live in the garden of eden. And that is the culture of the Academy: the Cathedral. The pretense of costlessness in a world constituted of the necessity of human action guided entirely by prices.


    Source date (UTC): 2014-08-22 06:46:00 UTC

  • Pretty girls, stray cats, graffiti. Its the people that make a place downtrodden

    Pretty girls, stray cats, graffiti.

    Its the people that make a place downtrodden, not the property.


    Source date (UTC): 2014-08-22 05:22:00 UTC