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Comment Re:Last straw? (Score 1) 533

BTW France and the UK never did repay the loans for WWI. They thought that the US was being greedy. I guess 116,000 American lives plus the billions the US spent on a war that had nothing to do with the US was not enough.

That's okay. Eisenhower broke them over the 1956 Suez Crisis. The UK, in particular, was taught a hard lesson about its new role in the world.

Interestingly, the major point of leverage against the UK was their debt held by the US government. Ike threatened to dump their debt, which would have destroyed their currency.

Comment Re:Overstamp twice. (Score 1) 133

See... why we should require the manufacturer of every firearm to include microstamping technology, where the serial number will be imprinted on the cartridge of every round fired.

As long as you believe in fairy tale technology like microstamping, why not just require every crime lab have a CSI-type "enhancing" microscope? That way you could code a GUI in Visual Basic and then have the computer tell you who committed the crime.

For those who are uninformed, read about how cartridge microstamping (doesn't) work in practice, and even if it *did* work, think about how trivial it is to defeat. The microstamping system is supposed to use a rather weak force to stamp a tiny serial number? Nope, I can't see how that could ever be trivially defeated, even if it *did* work in the first place.

Comment Re:They're all frauds (Score 1) 53

As long as you have a tax-collecting state, the tender used for taxing will keep value.

Don't be autistic. Yes, technically the value of these hyperinflating currencies is infinitesimally above zero. That does not count as "keeping value" when practically speaking it takes wheelbarrows full of currency notes to buy a loaf of bread.

So, no, you're wrong. History has repeatedly shown that simply having a government insist on taxation in the form of a currency they issue is an insufficient backstop for value in the face of loss of confidence in the populace.

People aren't stupid: they exit the currency in favor of other, more stable stores of value (other currencies, land, tampons, whatever), get paid in kind, or simply resort to barter. They convert into the worthless government currency later to pay taxes. They don't ride the sinking ship.

Comment Re:They're all frauds (Score 3, Insightful) 53

So you are saying guarantee of US laws and belief of bitcoin fans are the same thing?

You posed the question incorrectly.

What we're saying is that US laws mandating the value of the USD are only worth as much as people believe. There were laws mandating the value of the Mark in the Weimar Republic. There are laws mandating the value of the Zimbabwean Dollar. Obviously, those laws weren't/aren't sufficient to make people trust the currency and they collapsed.

Now, asking whether people *should* find the BTC to be as trustworthy as the USD is an appropriate question. The answer to that is obviously "no".

What we take issue with is the perspective that there is some divine providence conferred on national currencies that make them trustworthy, when clearly there is no such intrinsic property like that.

Comment Re:Constitutional Amendment (Score 2) 239

The 4th and 5th amendments are not enough to assure personal freedom from search in the digital & wireless age. Only an amendment to the constitution that spells out this freedom can prevent it's continued abuse.

So what you're saying is that the federal government refuses to abide by the Constitution. Okay, I agree that is what they do. Your argument is that we will get them to stop breaking the rules by making a rule that says that they can't break the rules?

The federal government has been wiping its ass with the Constitution ever since FDR. Trying to constrain or restrain the federal government via written law is a fool's errand.

Comment Re:here's an idea (Score 1) 57

Telling your bank, no, but placing a free 1-year freeze on your credit with the credit reporting agencies does work. Rinse and repeat each year, and turn it off before you apply for credit.

...or just place a permanent freeze on your credit, like I did a decade ago. When you want to apply for credit you temporarily lift the freeze for a few days whereupon it reverts to frozen. It works much like making your Bluetooth device discoverable.

Comment Re:Here's a great idea... (Score 1) 481

It doesn't track road miles (and people will claim they don't drive on roads, and demand exceptions!), or vehicle weight (see the ratio of road wear per vehicle weight and cringe).

Sorry, but the odometer won't be enough.

Hard to believe statistical models couldn't be employed to arrive at essentially the same figures detailed big-brother GPS tracks would provide.

It is unnecessary to be hyper fair in collection or distribution of tax revenues nor is it necessary to consider behavior of outliers.

Exactly. How many of these pedants would have their mind blown when they consider that use tax is supposed to be paid based on tax jurisdiction they are in. Okay, perhaps that's not mind blowing, but now consider you bought a pizza and are eating it while driving in a car passing through various tax jurisdictions while doing so. What counts as "putting to use" in terms of eating pizza? Chewing, digesting, extracting the food energy for biological processes? If it's the last one, what happens when the pizza is vomited out in a different jurisdiction? Does one apply for a tax credit?

Uh oh, our sales/use tax system has boundary conditions! Therefore sales tax is completely inviable! Herp derp.

The odometer approach is a good, workable idea.

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