Effectively making banks and governments legacy systems.

That's the idea.

They won't let you out, so you can STARVE them out.

It can all go on the blockchain ... accounting, contracts, law etc.

Wow... someone's been paying attention! :D

I wish you knew how much that means to me.

Holy fuck I can barely read that :/

Yes. That's the problem.

All of my work would be done if any of your brains were half functional :P

I have to spoon-feed it.

Yes.

Kind of like Mastercoin no?

I see ALL this within one context: The Nobility and the Banker juice are at war. That's reality. Whatever else we "think" is happening, it's just serving THAT agenda. Within that context, the bankers have a good grip on governments/people, due to their almost complete control of the banking system, legal system, and communications systems. How can the nobility "fight" for control, and survival? When you have power, you get people to do stuff for you. So the nobility has come-up with a "plan" (that has been in the planning for many years, for what appears) to get rid of bankers, the "law society", centralized accounting, and governments that serve that particular agenda, and come out victorious, once again. Thus regain a say in all new banking system, legal system, and communications systems. So, the nobility has deployed the tools to crush the bankers, the "law society" and centralized accounting. Tools that will substitute those "societies", and bankers with a new breed (under control), and at the same time an entire new world, banking, finance and a new form of government will arise from using it: Bitcoin protocol, Ethereum code, and science. It is UNSTOPPABLE now. Too late. That's the way I see it.

http://www.youtube.com/watch?v=H_imYEe1FA8

CRYPTOLAW

Crypto-government!

http://www.erights.org/

Crypto-Bitchslap :P

That's just PART of it. A VERY TINY part.

Mackximus Minimus has the idea, but he has the scale wrong.

When you say I have the scale wrong, what are you exactly referring to, Admiral Scott? I have no idea of what you mean by scale. Thank you.

ALL of what you describe is just a TINY part of something FAR larger

Ok, I get it know. Thank you. Tiny brain, tiny scale. Ha! That something larger, is it none of my business, or may I ask questions, Admiral Scott?

By all means. Ask away! We don't have a common frame of reference. It might be impossible to answer

Remember, it took 18 months, before YOUR OWN MONEY/YOUR OWN BANK became a real thing to you. It was JUST as true 18 months ago.

"We don't have a common frame of reference. It might be impossible to answer" That's exactly what I thought. :/

I have to answer. I have to answer truthfully. I don't have to confirm your understanding... like a NOTICE ;)

http://bitcoinsinvegas.com/wp-content/uploads/batman2.jpg

I am seeing that everyone will be able to "bank" their own value with complete anonymous transactions/contracts for everything. The VALUE of anyone's time/energy is not given up to one "opinion" (where greed and deception grow), it is given to science/math, or REALITY based on each contract with its own rules. Instead of being under the thumb of large corporations, banks and governments, which only serve to diminish others' time/energy value (for YOUR OWN GOOD), they will be under our thumb, and/or inevitably disregarded. We can create anything we wish, whether it is "copyrighted" or not, and share it for whatever we wish. The "wealth" of the planet is within its men/women and NOTHING ELSE. They can freely choose what would be best for themselves, or not. Private/anonymous internet contracts, private/anonymous phone contracts would start a craze! Now EVERYONE would want that and easily pay for it!

This kinda reminds me of when the "information superhighway" first became "graphical", �if that was the correct term at the time. I took to that like "a fat kid on a smartie". Learned html right away and started creating pages all graphics and stuff! :D Then there came Dreamweaver and the like... to take over myself having to really know how to program the page and just being able to make one "wysiwyg" style... :/ This is where we can all learn to write software that just does what we want it to do. And shortly enough, someone will write software to complete a transaction according to contract "wysiwyg". Say, for instance, I have a business that has value. Someone wants something from that value but they only have debt money to pay... I/They can punch in a transaction (contract) that says, "exchange this guys shitty money of debt for BERTACOIN", and it does. I'm talking to myself here... :/

Ok Scott, let's use Paypal as an example. They are not a financial institution but they take payments (visa/debit or paypal account balances) and allow someone to send or take payments. They just hold a balance then. Of what? Just figures? Do they not just exchange a payment for a paypal balance?

Paypal is accounting and off-the-shelf financial services. Paypal is just a facilitator. It's not even an exchange

But in the way one can use it, with ethereum software, it "could" be an exchange then? Or what that could look like?

Paypal integration would be easy through its api. In fact you could tell paypal to ONLY accept api calls for your account.

So, much of this is already halfway set up with online payment facilitators as Paypal. Its the other half that is busy developing for private banks/private banking. I guess its all based on transactions as all transactions are in fact contracts for value :D. Value is whatever people choose.

That's the idea

So where does the belief that Bitcoin itself is valuable in some US figure amount, and has seemingly become its greatest asset? Like a currency trade?

LARGE VOLUME Currency trade

To get rid of debt money then?

When 1 BTC =10000 Euros, you have serous financial clout. Now...imagine 700,000 BTC hitting the market then.

THAT is the final "nuke" in the war. Banks will collapse.

Ahhh, just demonstrates the value that people decide they are going to put into it. Also demonstrating how much value people put into gov't "money"...

We'll be the only ones left standing

I'll tell all my friends! Oh wait... I already did and they "pishawed" it.

Ok, so... I don't want this to be "stain shit" or anything... but comparatively, the Bills of Exchange Act basically outlines money=contracts FOR VALUE, the value being based on a promise to pay(work/time) at a later date (gov't regulated debt notes and shit). Now that we have come to realize these negotiable instruments (contracts) come in various forms we did not realize we were getting into via the NAME and using it deception, and authorized use/benefits of said NAME as security transactions (birthright) etc... Now these blockchain private/unregulated/anonymous contracts will be based FOR VALUE as of right now (already accumulated), eliminating the "future" payment (time) with no stipulated rights/benefits forfitted FOR VALUE. Basically, you can attach a digital signature to a contract/transaction which states the terms of the contract within it, such as "This signature means "contract which stipulates _____".

That not bad Beverly! You are starting to get your head around it.

Yes! And with your acknowledgement, I can explain it to others where it explains what "money" is... as well as personal control of its TRUE VALUE...

This ia TRANSACTION-BASED currency, not DEBT-BASED currency. YOU are the value.

:D THE JOY...

But the value will be continually based on having something that others would want... so if you choose a life of playstation time... you likely have nothing others would want, hence should provide an objective for performance. This is not unlike what is the required today, other than the VALUE is already expended (spent by others) into the future...

We are trying to wrap our heads around what anyone's value is worth from this point... how it would be "ranked" with a universal dollar's worth amount. It would have to be based on something that everyone would want or not... If whatever the time is spent on isn't interesting to anyone, it would just not be as valuable?

:D

If you choose a life of playstation time you likely have nothing others would want, except those others that also chose a playstation time life :-P

A playstation has a GPU and can answer name queries. They'll make a few dollars ;)

If anyone wants to throw some simple examples out for myself to try and understand this it would help alot. I'm totally lost and getting frustrated with my lack of understanding...

Should we make videos?

Yes

Are ya gonna talk like Vitalik? :(

No. I will talk like Scott Duncan :D

cool

cause when scott Duncan does a plug he does it hardcore.

scott your videos are cool ..

Dumb it right down man :(

THIS is FUN.

:D

Eamonn O Brien : If I understood correctly this is a public ledger system similar to bitcoin. Every computer in the swarm has a copy of the blockchain which contains every single transaction/contract since the inception of the system (in this case Ethereum). Am I making cents?

Philosophical questions also need to be asked. In that respect there needs to be a shift of focus away how this decentralized technology works towards creating a vision of a pirate utopia never before attainable until now. Once people can envision what can be achieved with this it is easier to set about learning whatever skills are necessary to start implementing it. For example you don't need to have an engineering degree or even to be a mechanic in order to drive a car.

"utopia"? You do know that "utopia", literally means "not a real place", right? :D Look it up :P

So if one is freed from a particular place they are free to travel on whatever highways they please or to venture into uncharted waters.

Anarchist writer Peter Lamborn Wilson (Hakim Bey) whom I had the pleasure of meeting a couple of times back in the 1990's coined the term "Pirate Utopias in his 1995 book Pirate Utopias: Moorish Corsairs & European Renegadoes as secret islands once used for supply purposes by pirates. [T]hese pirate enclaves were early forms of autonomous proto-anarchist societies in that they operated beyond the reach of governments and embraced unrestricted freedom". http://www.scribd.com/doc/44385837/Crypto-Anarchy-Cyber-States-And-Pirate-Utopia

<<Socialist Presidential candidate Norman Thomas said, "The American people will never knowingly adopt Socialism. But under the name of 'liberalism' they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.">>[http://www.rense.com/general79/amake.htm]

You guys have no secrets to tell here. Stop studying it. Look FORWARD, not back

My point is that "liberalism" and "libertarian" are trap words.

I am not 'left wing' or libertarian. Personally I can't stand their pseudo intellectual clap trap. My politics is simple ... leave me the fuck alone and no-one gets harmed.

Any pigeon-hole label is a "Trap" word. I'm a Noble who thinks he doesn't have the right to rule you. I think illiteracy should be a jailable offense, and that you should be locked up if you have an imaginary friend. I think all knowledge should be free, and that LAW should be implemented through CONTRACT. Aside from that, I think you should be as free as birds... Pigeon-hole THAT :P

I would be a ScottDuncanist :D

There is one thing saying illiteracy should be a jail-able offence but you can't account for wilful ignorance. The book in question is relevant to the discussion notwithstanding the categorisations thrown about. It is not some conspiracy drivel from the likes of Rense or anything from GCN which ironically seems to host a whole load of 'libertarians'.

Libertarianism would expose the weak/worthless, and empathy would create collective socialism, and start the communism cycle again. That's what happens when Libertarian principles become policy. All of this has played out, over and over. Willful ignorance means the IGNORANT HAVE SURETY. MAKE THEM PAY! ...because if you don't, you will always have what we have now; A decaying debt-based economy, and selectively enforced policy, if you DON'T make them pay.

So this is going to change the graphic of economy as we've been knowing it?

HELL yes.

Assume you will be wealthy in the new order. The pioneers ALWAYS get the first take of the rewards. ALWAYS. Just think of it like the internet 20 years ago; Those who learned enough to USE it, had a head start. When the process became automated and commonplace, EVERYONE was the same... except if you were "old school" you just knew more, and could DO more. It's the same thing here. LOTS of naysayers, and people who like to say I'm "crazy", but I'm still right, and I will still win. It will happen. Just like everything else I do.

"Assume you will be wealthy in the new order." The new world order?

Wealthy maybe but what about power? Who will have it?

Janick, we are a tiny part contributing to a new order. It's not a secret. Power? We are not qualified to HOLD power. :/ Whoever creates this new order, holds the power. He who creates, controls.

So we are making the Nobles/Elite get there new world order and we are compensated for it by being in on how it will happen. As for our freedom, we get all the info to get it back for ourselves and our descendents. As for power, we are not qualified to hold that position. So that means we will have to be extra carefull not to get caught up in slavery again and/or they will get ride of us, when and/or if they have no more use of us, just like the bankers.

Math will control the power. Those best suited to do a job, will get it. It will be VERY simple. You get to choose who you want to be. Math will care for the rest.

Math is the TRUE universal language. it is fundamental in the understandings of your environment and to the universe. Math is the true knowledge of "Gods"

I intend to destroy it ALL. Nobility gets no reprieve. I am going to replace it all with the RIGHT ANSWER.

:D

" I am going to replace it all with the RIGHT ANSWER. " You know what Scott's talking about Max?

Like Bitcoin, I'm just going to turn it all loose, and watch the world burn :D

Nobody will know where it came from, and nobody will believe you if you told them.

Wanna get purged Derek Hill ?? :D

for what purpose?

Sorry Pete , I just delete his content-free stuff. I didn't know you wanted to play. :D

I don't really have much time to play these days, but I HATE these stupid remarks....."The world need a good purge" ......what the fuck this shit mean exactly ?

http://www.economicpolicyjournal.com/2014/04/bitcoin-breaks-under-400.html