Bitcoin doesn't need the "help" of regulators to make that happen anymore than did Gates need their help to spread DOS.
Oh, that's right. THAT "US" has been replaced by a much "stronger" US through "diversity" and as we all know, "weakness is strength", "war is peace", etc.
I'm sure Musk is aware of this but really, it just seems to make sense to find the best cryo valve guy in the world and give him one and only one full time job: Make sure the damn things work!
Taxing the net liquid value of assets at modern portfolio theory's risk free interest rate, rather than taxing economic activity, is the way out of this abominable situation in which independent inventors are put through the meat-grinder.
Of course, the wealthy will oppose this in every way since they currently benefit from the protection of their property rights without having to pay for that protection, while those producing wealth pay the taxes.
This means political solutions are out of the question.
So, rather than having the corrupt, evil, stupid and/or ignorant drag down the rest of us into political economic Hell, all inventors should demand sortoracy: Sorting proponents of political theories into governments that test them.
OK, so, I'll admit that the simple fact that the job-crash following the massive increase in STEM immigrants circa 1995 to 2002 doesn't prove that increasing STEM immigration damages the economy, but by the same token it can hardly be taken as evidence for the relentlessly argued position that STEM immigrants create more jobs than they take.
You underestimate how unenlightened is the self-interest of our tyrants.
They have intransigently pursued a narcissistic course creating a civil infrastructure so fragile that it hardly requires organized or coordinated attacks to inflict unacceptable cost. Mere recognition that one should, entirely at one's convenience and leisure, inflict whatever damage one can get away with on the supply lines to the cities, is sufficient to bring down the tyranny.
Since I just turned 59, I've a senior's license to wax loquacious on the topic:
A young Nebraska farmer's son went to war against Germany and came back with code-breaking skills, as well as good DoD contacts. His name was William Norris. He started Control Data Corporation with a young engineer named Seymour Cray and, with 34 people out on Seymour's farm in Wisconsin (only one of whom was a PhD and he was a Jr. programmer) built what is widely regarded as the first supercomputer -- even as IBM's armies of PhD's and unlimited resources foundered in the effort much to the dismay of IBM's CEO, Thomas Watson, Jr.
Somewhere along the line, they hired me.
What I learned was that both Bill and Seymour had very strong feelings about the national security implications of an increasingly urbanized population. That's one reason Seymour had his lab out in the north woods of Wisconsin. Bill, as CEO of CDC, had made this allowance for Seymour while keeping CDC HQ in Minneapolis St. Paul (right across from the airport).
The reason I signed on with them was the promise that I could fulfill part of Bill's vision for America:
National security through dispersed population structure -- both its preservation as an American heritage and its promotion as recovery from the recent urbanization that threatened that heritage. Basically, its virtually impossible to take out a decentralized society -- whether you are a nuclear superpower or an international terrorist organization.
My particular part in this effort was that I was to prototype a mass-marketable version of the PLATO network, which I did circa 1980. I won't go into the details of that network except to say that the contribution it would have made to national security would have been to connect "smart" rural homesteads with information, education and business resources that would contribute to their self-sufficiency. Yes, I know, this is starting to be realized today, but a lot of water has passed under the bridge since 1980, no?
The rest of Bill's vision was that these smart homesteads would be energy and food self-sufficient.
The reason you never heard of these things is that they were in direct conflict with Wall Street's interests and Wall Street made no secret of its hatred of Bill's vision.
I succeeded in prototyping the mass market PLATO system and it was quashed by a mutinous middle management more identified with Wall Street than the "crazy old koot" in the executive suite. Unlike many of Bill's other technology directions in support of decentralized population structure, the PLATO system was poised to make immediate profits and roll out mass produced Macintosh equivalent network computers for a service that would have cost $40/month in 1980 dollars -- and that includes terminal rental. So it was particularly egregious that this technology was killed for the noble purpose of making America vulnerable to 9/11 type attacks.
Bottom line, as technology advances, there is an increasing call for oppression to maintain the centralized population structure, just as there was to create it by moving the boomers out of their small midwestern towns, through universities and into the sterilizing urban environments in which they could not afford children -- but the attack on national security was conducted by Wall Street against the traditional American way of life. Any discussion, nowadays, about the threat to national security represented by attacks against centralized symbols like the World Trade Center on 9/11/2001 is utter misdirection.
Its the fact that you have disenfranchised the people who support you.
Ultimately, it will be trivial for them to cut the supply lines to cities and there will be f***all you can do about it.
So, just keep it up...
Second, if you're a
his measure would create a required minimum 'Return on Investment' scale that corporations need to follow to be viable, and these types of metrics are very industry specific.
doesn't stand up to even cursory arithmetic. To wit:
The liquid value of an company can be considered the cash value invested in it since, as the liquid value, it can be exchanged for cash. The decision not to exchange it for cash is an act of investment or re-investment depending on one's perspective. The liquid value of a company is calculated by taking its projected future profit stream, adjusting it for risk (which gets larger as you go into the future so the risk-adjusted profit stream trends toward zero with time) and then asking how bit of a loan you could pay off with that risk-adjusted profit stream at what modern portfolio theory calls the "risk free interest rate" which is basically the long term average of the return on short term government treasuries, like 3-month T-Notes.
So now we have a basis from which to talk about "return on investment" because we have defined exactly what we mean by "investment".
On this, mathematically correct, definition of "investment", as the liquid value of the company, we can see that Stallman's plan taxes only the return, regardless of the investment. Moreover, in this mathematically correct definition of investment, its clear you should tax only the risk free return on "investment" aka "liquid value" -- as that is what keeps network effect monopolies from getting huge profit streams that get bigger just because they are the biggest. For example Bill Gates had a network effect monopoly bootstrapped when IBM distributed MS-DOS on its PC's and made everyone dependent on paying Gates money or else they wouldn't be able to run most of the software on the market -- and software developers had to write software for MS-DOS because that was where the market was.
Clearly these esteemed institutions have failed in their mission.
"But what we need to know is, do people want nasally-insertable computers?"
