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Buffet's Rat Poison |SQUARED| profile picture
Cryptography Mailing List
Bitcoin P2P e-cash paper
2008-11-13 22:56:55 UTC
James A. Donald wrote:
> It is not sufficient that everyone knows X. We also
> need everyone to know that everyone knows X, and that
> everyone knows that everyone knows that everyone knows X
> - which, as in the Byzantine Generals problem, is the
> classic hard problem of distributed data processing.

"The proof-of-work chain is how all the synchronisation, distributed database and global view problems you've asked about are solved."

-Satoshi
Jeff Booth · 140w
This is what real investigative journalism looks like. Ian Burrell, who was a big #Bitcoin sceptic, came to Africa with us with an open and curious mind. Through the trip and meeting people where the...
Buffet's Rat Poison |SQUARED| profile picture
"As former development minister Rory Stewart said in a lecture at Yale, Britain gave £4.5billion over half a century to this southern African country corroded by corruption and bad governance, yet it ended up “if anything, poorer than it was when we started”.

Foreign Aid allows corrupt governments to cinch the economic noose tight, because the standard of living of corrupt governments are funded via pilfering the foreign aid.

Absent foreign aid, corrupt governments would need to sustain their standard of living via taxation of the local economy, and would thus loosen the economic noose to allow the economy to grow, and thereby be capable of greater tax harvest. meh...no one said human farming was easy.

While foreign aid 'feels nice' for westerners, it has a counterproductive effect of keeping an economically oppressed people oppressed.

What they need is economic liberty and sound property rights that allows for the accumulation and efficient allocation of capital.
🤙1
MartyBent · 140w
To threaten people with a felony charge for not playing the role of tax collector on behalf of the IRS is one of the most despicable and insulting things that has come out of the US government in rece...
Buffet's Rat Poison |SQUARED| profile picture
Marty, you're an employer, yes?

Have you not already been deputized as an IRS collection agent via mandatory employee tax withholdings?

I'd agree, these new laws are an inane overreach. But so are employee withholdings.

They effectively prohibit anyone from hiring an individual unless they accept the role of tax collector on behalf of the IRS.
Dr. The Daniel 🖖 · 140w
“We’ve all seen the logarithmic bitcoin chart. You have to remember that the vast majority of people in the world have not seen that chart.” — nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27r...
Buffet's Rat Poison |SQUARED| profile picture
Now put US national debt chart in log scale...and you'll see that its an exponential increase as well.

Same with that image of USDollar purchasing power. If you don't put that in LogScale the last 50yrs look fairly benign.




Michael Matulef · 140w
My philosophy is based on the principle of self-ownership. You own your life. To deny this is to imply that another person has a higher claim on your life than you do. No other person, or group of per...
Buffet's Rat Poison |SQUARED| profile picture
From this, one can derive that personal consent is what matters, in all things.

Just Powers are derived from consent of the governed.
Yet, there is no personal consent mechanism.
Thus, there are no Just Powers (absent a personal consent)

'But whether the Constitution really be one thing, or another, this much is certain - that it has either authorized such as government as we have had, or it has been powerless to prevent it. In either case, it is unfit to exist"

(because it portends to be a legal binding contract which no one alive has consented to, because it lacks a personal consent mechanism)