In today's Q&A, I'll be addressing the following questions:
00:11 - What do you think would happen with cryptos if a fully democratic run America were in place?
03:42 - With the upcoming hard fork...how to handle the Bitcoin that you own?
05:00 - What will happen to Bitcoin where there are no coins left to mine?
06:45 - How is crypto going to solve its massive usability problems?
09:44 - How/Where to access airdropped tokens like OMG
10:40 - Thoughts on Clif High's Web Bot Reports
Both Hillary and Sanders are communists on the Road to Serfdom described by F. Hayek. They would likely shoot or imprison everyone involved like they do in Venezuela.
Leftists (in charge, with power, not the dumb millennials who think they are leftists and live in their parents basement) view cryptocurrencies as a way to evade taxes and protect wealth from the all powerful state. They are big time statists and thus the number 1 enemy of crypto.
It amazes me how naive millenials are. They look a lot like the young, long haired youth in Cuba that believed Communism would let them live freely on only to be later shot dead by Che Guevara at La Cabaña prison for listening to rock music. Those who weren't shot were later sent to the UMAP concentration camps for gays and hippies and live as my neighbors in Miami today. My grandfather spent 15 years in prison at la cabana, he was no hippie but understood communism was worse than the plague thanks to chinese migrants who told him in advance.
To summarize:
Left: Enemy #1 of Crypto
Right (Neocons): Enemy #2 of Crypto, they need to keep printing money for their wars as well
Libertarians: Friends and fathers of Crypto
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I totally agree with you on this stuff.
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Ugh, please. I really can't take one more ancient libertarian lecture without any grounds to basics of economics. It's funny, most of the libertarians read 2 authors in their whole life; Hayek or Friedman (sometimes also Rothbard). They fell in love with their ancient theories. And of course, we're in the age of cynicism, so any cynical theory will be adopted as "realist", even if those theories are proven wrong million times by now.
As a public service; let me just summarise, Hayek's assumptions on business cycle are debunked by theoretical maths; and the economic sum of libertarian policies in practice is already proven to be less than collectivism sum where all other factors are equivalent (Piketty).
I should've stopped reading this comment because it claimed Sanders as communist. Then I realised it even claimed that Clinton was a communist. Then I started laughing at the level of ignorance. Not that I'm a fan of Clintons or establishment Democrats, but you gotta give to the comedian that lacks the basic knowledge on definitions of economic/political ideologies.
Giving examples from socialist/communist states is straw man at best. Capitalist states such as pre-globalism India or Mexico were just as miserable or violent; 1960s Greece or Spain were just as authoritarian, post-globalism USA or Turkey is just as in decline. First thing that they teach you in statistics class; correlation doesn't equal to causation. Make sure there aren't other variables involved.
As for cryptocurrency; this also can go either way depending on other variables involved. If you are ignorant enough that bitcoin, or other hoarder-awarding currencies are the end game, you probably are a libertarian. If you believe the utility currencies and decentralised networks can scale down the "consolidation of power" (whether it's government or corporations) then we might be onto something.
Think about it. Yes, Bitcoin introduced the decentralised transaction ledger; but that's still just for storing. What is the first real convenient utility that Ethereum introduced to cryptocurrency world? SMART CONTRACTS. What is the most basic definition of "government"? You guessed it, "a contract between people to use synergy and increase value". This is how the societies come together. Nations, empires, even EU started that way. Because when humans are involved, 1+1=3 (synergy theory). This is where cryptocurrencies can lead to. A decentralised contract between people, that prioritises the collective value so that synergy can be harvested and interests of everyone, not just the few, can be protected. I'm guessing that Sanders would be proud of that last sentence :)
First image source: groupthink.kinja.com
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Yeah right, Sanders is not a communist, Clinton is not a communist, Castro was not a communist, Chavez was not a communist, etc etc. No one is a communist until they are in power, the economy goes down the crapper, they start killing people to stay in power and shit gets real.
It's a process called the Road to Serfdom, the only book I'd say you need to read and understand. You use many fancy words, likely taught by a loser liberal professor at an expensive university you are still paying for, but still, you fail to understand the basics of how the world works my friend. Not only did I read the books, I lived under that system for 25 years so I know exactly how it works. Dumb naive young people like yourself are always massacred first by the totalitarian machine as explained by this soviet defector here:
Oh BTW, your cartoon is a laughable piece of liberal loser propaganda. How do you explain that the freest countries on earth are also the ones with the best economies and happiness indices if liberty is so bad for the individual? Why are Cuba, Venezuela and North Korea always at the bottom of the list?
Another question: How is Sanders going to steal (aka tax) wealth from rich people if they can protect it with crypto and just leave to a freer country? Castro confiscated all gold, jewelry and property of people who left the country but with crypto people can leave with their wealth in their brains.
https://www.usnews.com/news/best-countries/articles/2016-11-29/these-are-the-freest-countries-in-the-world
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Well, no surprises here. Personal attacks when a libertarian is left without arguments :) Let me try to pick up some words from your limited vocabulary: "dumb naive young" people like myself, huh? First of all, I wish I was young :) But I'm well above 30. I hope I'm naive, I take this as a compliment to be honest. As for dumbness, I can't be the judge of that, maybe I am. My title in my company says "data scientist leading multinational teams". But that doesn't prove smartness, so again, I'm not the judge of that. As for understanding how the world works... Let's see. I lived in USA, Russia, Central Europe, Middle East and UK. Travelled to over 40 countries. Does that qualify?
If we're done with personal insults, let me repeat my answer to your country-related questions: Correlation doesn't equal to causation. There are many variables involved in a country's development (and as I gave examples; opposite scenarios are quite common too). Sometimes one variable, interacting with different variables can lead to completely different results.
Hayek's approach is delusional. Maybe in his time, with the amount of information he had, he might have thought his theory made sense. Here's the thing. There's a discipline called "operations research" - where you break down problems into equations and then optimise these equations with relevant variables and constraints. Hayek proposed a utopia. Let alone its non-applicability, his utopia was sub-optimal!!! He completely ignored "synergy theory" and the constraints you can use to achieve the synergy and at the same time avoid tyranny. This is why we have checks and balances in democratic societies - that is until we can automate those constraints and make it into an algorithm (perhaps even a smart contract!), this way we'll avoid a populist like Trump tricking people into voting against their interest.
PS: The cartoon was just for humour, of course it's simplifying libertarians' approach. But the basic context is accurate.
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Hahah, if I were attacking you I would just downvote you and not talk to you at all, just let you walk by yourself into the abyss and see you your ass crash like I've seen so many others. I'm just trying to shock you into reality. The only reason I haven't done that is because I think you can be slapped out of it.
You have to understand. Most people are not ready to be unplugged. And many of them are so inured and so hopelessly dependent on the system that they will fight to protect it.
Morpheus (The Matrix)
If I call you dumb and naive is because you are. It's easy to tell you never read the book because I've just been trying to explain how socialist policies inevitably lead to communist totalitarianism (what "The Road to Serfdom" is about, the only book from him I've recommended to you) and you keep trying to assassinate Hayek's work in its entirety for some reason, as if that proved anything.
It sounds a lot like the typical liberal professor in today's universities dismissing a particular author because he once said something that doesn't conform to their views. You are just blindly repeating their bias and cognitive mistakes.
I'm only wasting my precious time with you because I think you are a libertarian who doesn't even know it yet because you are into crypto and liberty. It's time you let go, dig deeper and take the red pill. The rabbit hole is way deeper than you think. Socialism has always been, is, and will always be a total failure that leads to poverty and mass murder, starting with young, dumb, naive people like you...
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-facepalm- Did you even read my message? :) I’m interested in discussing theories or practical data, not in personal attacks or insults.
-facepalm- Also, did you even read my message? :) I take “young and naive” as compliments, because I’m not young, and innocence is a virtue.
-facepalm- And once again, did you even read my message? :) I read the book and what I was explaining about the “constraints” was exactly addressing the main plot of Road to Serfdom. In mathematics, constraints assign boundaries to an algorithm to reach the optimal value. In countries, policies help the country to optimise its synergy-value and prevent tyranny. The question is which constraint to apply. Many countries, mostly in Europe these days, figured this out and are able to utilise their synergy value without ending up in tyranny. Clearly Venezuela or Soviets didn’t. Clearly USA, UK, Turkey, India or anarchist tribes in Africa didn’t figure this out either; even though they’re much closer to libertarianism than socialism. I'm diverging - Hayek's discredited work ignores the constraint element (I'm doing a deduction from mathematics to politics here, if it isn't clear).
Don’t worry though, your precious time isn’t wasted. I’m hoping that you’ll read these, and read more on mathematics (operations research), economic theories (social contract and its relation to economies of scale - maybe start with Habermas, because it’s closer to your view) and study practical data (e.g. Piketty is a good start) and you’ll find the right way too. For the record, I don’t know what to call the right way. It definitely isn’t individualistic, sub-optimal libertarianism. My approach of algorithmic, smart-contracted, synergy-optimising government isn’t adopted much in the world. But if you want a traditional definition, yes, Democratic Socialism would be the closest.
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Ok, since we are putting ourselves in boxes I would say I'm kind of a minarchist though eventually I would like to see an anarco capitalist system in place but it's too early for that, you are an example of this, most people are just not prepared for that level if liberty, they are content as statist sheep for as long as the debt bubble doesn't burst and they can more or less live a life of endless slavery watching tv and paying credit cards forever.
Speaking of bubbles, I'm sorry to burst yours but "Democratic Socialism" is an oxymoron. Socialism is based on coercion, you have to impose it on the masses of people with guns and murder by an elite of opportunistic rulers. Every time naive people try to make it work, opportunistic dictators take over the revolution, like the Castros did, and murder or exile the naive like yourself.
It has never worked in history, just like anarcocapitalism (so far, let's hope Roger Ver's island is a success), I have to admit, but minarchism is the best option we have for now.
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Every country in the world has a certain amount of socialism. European countries have significant amount of socialist policies, they're much closer to socialism than capitalism and they're more democratic than more capitalist countries, such as USA. On the other side, the populated countries that are closest in the world to your anarcho-capitalism are isolated African tribes or Sentinelese. They're doing alright, huh?
You pulled me to your level! Discussing specific examples is irrational. There are thousands of other variables involved why European countries are more democratic or advanced than isolated tribes. "That they are more social" could be one, but there are many more. I'll go back to theories and actual data.
Anarco-capitalism inherently pushes for full-on privatisation, where each individual's goals are unaligned, which is sub-optimal considering that more than 1 person lives in the world. You'll understand this if you study advanced mathematics a little.
"Socialism is based on coercion". The biggest problem of socialism is that it assumes a trust within societies towards a common goal. It makes an assumption on the Game Theory's outcome. Now, I believe that this assumption is correct OVERALL. Because the whole society should benefit from their commonly created synergy.
But soon, what I think won't matter, because this assumption won't be required. Game Theory's outcome can be maintained via a trustless system! Hmm, I wonder where I heard that before? That's right. Blockchains... A smart contract between all parts of society to achieve a common goal, where the benefit of "coming together" (i.e synergy) is distributed to all society, not only those who have immediate access to that benefit? That's music to socialists' ears.
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Hey man!! Been a follower on your YouTube channel for quite a while, figured it was time to start supporting you on Steemit!!
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wow, never seen how its work !!!! Thankss
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I may not have answers to your questions but i will be checking the answers others members will be posting
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Every question very important bt I think every body cannot answered this
Nice post I resteem this post
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good continuation
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wow grate post ....i like this..
i have some post .....you can check
here @letsmakes
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Thanks for this video, I really like that you want to go further in your explanations
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Great post, again,! Thank you for what you're doing. Upvoted @ 100% my friend. Keep up the good work.go ahead.we are with you all time.best of luck
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Awesome post, once more,! Much obliged to you for what you're doing. Upvoted @ 100% my companion. Keep up the great work.go ahead.we are with all of you time.best of good fortune
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mon amis c'est très bien de @bakabou159704
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Amazing post...
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Trump is american reality...enough people voted for him. So that only shows disarray and stupidity of people.
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Trump is an American nightmare, can't wait for anything from him.
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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 106.47 SBD, based on the pending payout at the time the data was extracted.
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The btc will become obsolete the no coin left to mine.
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