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Comment Re:90% (Score 1) 231

You must separate government from governance. With little representation, as we have now, we have representatives who do whatever they want with little to fear because the bar to enter office is so high. By substantially reducing this bar, the competition for entering office heats up dramatically, and at a certain level, becomes available to almost anyone. At that point, which I believe is 30,000 people, the governance of our government will be such that trillions of dollars would be cut from the budget. So increasing the annual spending on Congressional salaries by less than $2 billion, we get trillions in savings.

I had proposed a new site for TTO, but they didn't seem interested. Here is the proposed page. I think it does a better job of explaining this concept, as it is initially counter-intuitive.

Comment Re:Well the ultimate value of Bitcoin is (Score 1) 605

'Dumping' will not work with Bitcoin because the value of the Bitcoins has a minimum it will retain for those who use bitcoins, as in the first crash that saw Bitcoin drop to $5 and hold. Part of the problem is that to drive the price up, people must sell their bitcoins, and it is these same people who make money on the way up that will buy the bitcoins when they fall back to some lower value. Yes, casual investors will flea the market, but the market will not go away. It will remain continue to grow, albeit at a somewhat slower rate than before the dumping.

Banning running very small software that sends tiny packets would require a level of policing that crumble under its own weight due to the enormous manpower requirements to enforce it. Even if the process of monitoring can be identified, the cost of prosecution is something else entirely. Sure, they could do some high profile cases, but that would be a like a teardrop in a bucket. They don't actually lock up drug addicts and rarely even prosecute for this very reason - there are just too many of them. Rewards for someone's using Bitcoin would just add to the cost and ISPs cannot track encrypted communications.

As far as disarming the population, it is currently hard to get ammo not on backorder, and while the government certainly has some serious firepower, it is still trite compared with the size of the armed population of the United States, so going to war against the U.S. citizens would fail at this level alone, not to mention that it would likely work to increase adoption of Bitcoin as freedom fighters would need something transact with their vendors.

Thankfully, the media has nowhere near the influence it once had. For varying reasons, only a very small percentage of people give any care about what the media claiming, so this strategy would also fail to have any substantial effect on public opinion.

Comment Re:90% (Score 2) 231

We have too many people in each district. Thirty-Thousand.org, while they have an ancient website, does a great job explaining how the framers did not want more than 50,000 people per district. Though more focused on California, Project Represent Me does a great job at explaining the concept and why it is central to a representative democracy.

Comment Re:Well the ultimate value of a dollar is (Score 1) 605

The gold standard caused no depressions. Read up on it. Take a look at the very minor increase in the value of the dollar over 100 years. If the amount of dollars in circulation was substantially too small, then the value of the dollars would have increased dramatically. This did not happen, which destroys your entire argument.

Comment Re:Well the ultimate value of a dollar is (Score 1) 605

Knowledge is best gained in an environment that is economically productive. The greatest productivity has occurred under a gold standard. In the 19th century, the United States went from being a bankrupt, backwater country to a global superpower that produced more than any other nation. If you are truly on a pursuit to gain knowledge, I strongly recommend Henry Hazlitt's book Economics in One Lesson, a book which does a fantastic job at explaining why a gold standard is superior to fiat currency, among several other economic issues.

Comment Re:Well the ultimate value of a dollar is (Score 1) 605

Don't know what your point about pizza is, but the people in Zimbabwe and Weimar Republic Germany certainly understood that while their currency could be measured out in some amount to buy gold, it was an amount below where it was then they earned the money, representing a huge loss of wealth. The reason a static money supply is desirable is to preserve wealth. When the supply increases, wealth is removed and transferred to those who receive the newly created money. There is no need for a growth in the money supply as the value of the money will increase with the growth of the economy, thus no need to transfer wealth to the wealthy. This gradual increase in the value of money is desirable because it discourages malinvestment. When people realize that their money is going to be worthless when they retire they feel pressure to invest. With security in their wealth, then they will tend only to invest in things they understand and thus are more likely to succeed, as opposed to real estate, Yahoo!, Bernard Madoff, etc.

We are well headed towards 70s level inflation as the government has been increasing the money supply at an historical rate. The biggest difference is that now the government even more heavily manipulates the numbers that we use as metrics for economic performance. For the CPI, the lack of inclusion of most things people purchase, such as food, real estate, and energy, combined with what they call the substitution effect, means that the numbers they provide are substantially lower than what the real inflation numbers are.

The history of fiat currencies is that 100% of the time they are ultimately abused by governments to support the rich and impoverish rest. We are on our way there. Labor participation rate has fallen to the same level it was 1979, a time when women were still significantly underrepresented in the workforce.

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