D.J D.'s List: financialmess

• Meanwhile, Andresen must also wrestle with a serious problem with Nakamoto’s design. The Bitcoin network is incapable of processing more than seven transactions a second, a tiny volume for a technology with global ambitions. (Only about one Bitcoin transaction is made per second today, but most people who own Bitcoin do so to speculate on its price, not to pay for goods or services). Visa processes almost 480 transactions a second worldwide and can handle up to 47,000 a second at peak times.

• • post-familialism will prevent this from working www.joelkotkin.com/content/00631-rise-post-familialism-humanitys-future

• First, it is a way of getting things done in the the community without the need to borrow money and pay interest. The city would simply be taking advantage of its right to raise taxes to encourage particular types of action. But unlike normal taxes, even people with no financial resources would be able to contribute.
  

  • nullthe thing about civics is that that don't have to be implemented only by the state or the city. any community i.e any group of people with the ability to make union decisions can decide to put such a tax on itself. the tenants in a building for example can decide that instead of paying the regular building committee fee they decide to pay part regular money and part civics which they invent and manage. they also decide about tasks for which such civics can be earned. like cleaning the building, organize thing for kids, organize building parties, take care of the garden' put plants/ what ever/ and thus the building can achive much more while paying much less regular money/ if one of the neighbors don't want to pay the civics he can by them from a neighbor who earned more the he need and so actually working in your community can earn some people a living.the activity of such a building than can spread to the neighborhood where again people put the tax on them selves as a mutual decision in order to things together in their community. -- 2014-08-07
    this is why BT is so appealing. its self organization and reward at the lowest level, but has no mandate other than what people agree on between themselves -- 2014-08-07
    

• A long time ago a states­man said that a gov­ern­ment could not exist with­out a pub­lic debt and a large bud­get.

  • How would BT handle this?

• Anyone who sells goods should charge no more than the cost to himself of acquiring these goods.

  • I disagree. If a person wants to pay more for something. So they get put to the front of the queue. There is nothing wrong about that. The only thing I I dislike is that some people may try to misrepresent what actually went into a unit of work to get more than they're due.
• all kinds of labour should be regarded as equally effective in the value-creating process, and he advocated therefore equality of wages and salaries."^[36]

  • Even in jobs like programming. Different people have different skill levels and the reward should be partially apportioned based on the ability to do a better job.
• Mutualists argue that association is only necessary where there is an organic combination of forces. For instance, an operation that requires specialization and many different workers performing their individual tasks to complete a unified product, i.e., a factory. In this situation, workers are inherently dependent on each other – and without association they are related as subordinate and superior, master and wage-slave.

  • nullthis is something i have a hard time with. if i take on risk tryin to create a large endeavor. say i saved all my hours. shouldnt i get more of the pie because i stand to lose more? in thus situation again i dont mind there being subordinates. however people should be able to leave and trade their time with one another without a third party like a dollar which might prevent the trade from happening altogether if neither party has the proxy object (medium of exchange) -- 2014-06-27
    lets say for example jordy works 8 hours and two employees work 8 hours each. so 24 hours total have been put into a product. now there is some risk of whether anyone will pay jordy. he already paid the two employees. so in that situation if he had pos hours that were free and clear by several degrees. the employees have nothing to worry about. jordy does have to worry. so he asks for a 2x multiplier on the product. if there is no risk it seems unfair, but if there is risk and there always is then i dont mind as much. -- 2014-06-27
    

1 more annotation...

• separate the "monetary and credit   functions" of the banking system.

• “Prosperity requires not just investment in economic capital, but investment in social capital,” Carney argues, having defined social capital as “the links, shared values and beliefs in a society which encourage individuals not only to take responsibility for themselves and their families but also to trust each other and work collaboratively to support each other.”

• A fiat currency based financial systems produces illusion, not illumination.  Money now dominates our financial and social worlds but in a healthy economic and social system, currency would function as a tool and not a master.

• unit of accoun

  • I would argue we have never had a unit of account because all currencies have either inflated or deflated meaning the best we get is one loaf of bread is 1/3 a bottle of wine rather than one loaf of break is $2 and one bottle of wine is $6.

• Poking around inside the HTML, I saw that images were stored as base64 data loaded with the data: URL scheme, a trick I hadn't run across before:
  
  <img src="data:image/png;base64,......." />
  

• The FBI investigates mortgage fraud in two distinct areas: Fraud for Profit and Fraud for Housing. Fraud for Profit is sometimes referred to as "Industry Insider Fraud" and the motive is to revolve equity, falsely inflate the value of the property, or issue loans based on fictitious properties. Based on existing investigations and mortgage fraud reporting, 80 percent of all reported fraud losses involve collaboration or collusion by industry insiders. Fraud for Housing represents illegal actions perpetrated solely by the borrower. The simple motive behind this fraud is to acquire and maintain ownership of a house under false pretenses. This type of fraud is typified by a borrower who makes misrepresentations regarding his income or employment history to qualify for a loan.

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