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Thu Oct 09 10:20:39 UTC 2014  <assbot>   Nope, China’s economy hasn’t yet surpassed America’s – Quartz

Wed Oct 08 23:17:54 UTC 2014  <pete_dushenski>   mircea_popescu: yet somehow the bitcoin crowd is supposed to have forgotten why it got into bitcoin in the first place, and apply the inflationary economy it's ran off from here << they didn't forget as much as were attracted by the *new shininess* in the first place. now new thing is shiny.

Wed Oct 08 23:03:46 UTC 2014  <bounce>   they can charge quite a lot before it becomes more economical to buy non-chicken cpus

Wed Oct 08 20:33:39 UTC 2014  <jurov>   i see some conflation of technical and economical arguments

Wed Oct 08 19:20:27 UTC 2014  <mircea_popescu>   yet somehow the bitcoin crowd is supposed to have forgotten why it got into bitcoin in the first place, and apply the inflationary economy it's ran off from here

Wed Oct 08 18:45:34 UTC 2014  <Apocalyptic>   nubbins`, the blocksize limit also incudes a lot of economic consequences regarding transactions and fees

Wed Oct 08 14:32:29 UTC 2014  <nubbins`>   mats_cd03: it'll breathe more life into the local economy? :P

Tue Oct 07 19:36:11 UTC 2014  <rithm>   economics is scientific and mostly theoretical, chief scientist sounds legit on a spaceship

Tue Oct 07 04:10:25 UTC 2014  <gribble>   Cash transfers in Africa: Bitcoin for the poor | The Economist: http://www.economist.com/blogs/baobab/2014/06/cash-transfers-africa; How Bitcoin Could Help the World's Poor | Acton PowerBlog: http://blog.acton.org/archives/67759-bitcoin-help-worlds-poorest-people.html; Lessons From Mobile Payments: Bitcoin Will Not Help the Poor or ...: (1 more message)

Mon Oct 06 14:34:26 UTC 2014  <assbot>   Who's Afraid of the Workers' Revolution? : The Freeman : Foundation for Economic Education

Sun Oct 05 18:40:58 UTC 2014  <mircea_popescu>   because totally, the fact that we can actually do the above now is not economical or valuable.

Sun Oct 05 18:40:47 UTC 2014  <mircea_popescu>   "it is unclear if bitcoin has any economic value", says nobel prize laureate.

Sat Oct 04 22:19:31 UTC 2014  <gribble>   Bush On Economy: "This Sucker Could Go Down" - Business Insider: http://www.businessinsider.com/2008/9/bush-on-economy-this-sucker-could-go-down-; Talks Implode During a Day of Chaos; Fate of Bailout Plan Remains ...: http://www.nytimes.com/2008/09/26/business/26bailout.html?pagewanted=all; Warren Buffett: I Have Greater Appreciation of Pres. Bush's Handling ...: (1 more message)

Sat Oct 04 16:38:57 UTC 2014  <TheNewDeal>   I don't believe the price of bitcoin can go negative, alas I'm not an economics expert

Sat Oct 04 16:25:34 UTC 2014  <mircea_popescu>   ok. so then. satoshi didn't proceed towards this goal or that goal, as presumed by this or that purpose-built theory of economics.

Sat Oct 04 16:25:23 UTC 2014  <Dimsler>   but the logic isn't very sound in many of th eposted economic studies

Sat Oct 04 16:23:55 UTC 2014  <Dimsler>   you have no idea about economics

Sat Oct 04 16:22:47 UTC 2014  <Dimsler>   satoshi had no idea about economics

Sat Oct 04 16:22:11 UTC 2014  <mircea_popescu>   "Contrary to popular belief, a rising bitcoin price ends up damaging liquidity instead of improving it. Miners are encouraged to cashout their huge gains by a rising price. This leads to volatility across the board via crashes. The volatility makes it too difficult to perform economic calculation in BTC."

Sat Oct 04 16:21:33 UTC 2014  <mircea_popescu>   "I want to make this clear. This is not the result of a conspiracy or collusion. This is the outcome of flawed economic incentives and the reaction to them by participants. Hardware used to mine is irrelevant. The underlying rationale regarding distribution of newly created bitcoins is flawed."

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