Replies to mjd

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  1. luke luke

    @mjd oh i just came on GS to ask how the stormis treating you?

    about 7 hours ago from quitter.se in context
  2. ydunaimtings ydunaimtings

    @mjd @pettter @dolus @lnxw48a1 @clacke same: just created this account to reply to @strypey, might keep 'cause other ideas!

    about a day ago from quitter.se in context
  3. strypey strypey

    @lnxw48a1 @mjd @pettter @dolus @clacke I second that

    about a day ago from quitter.se in context
  4. lnxw48a1 lnxw48a1

    @clacke @pettter @strypey @dolus @mjd

    I must say it is refreshing to have discussions with people of varying viewpoints without it degenerating into name-calling. Thanks to all!

    about a day ago from nu.federati.net in context
  5. strypey strypey

    @mjd proxies currencies can be just a useful as a medium of exchange as state-backed currencies if they are accepted widely enough

    about a day ago from quitter.se in context
  6. strypey strypey

    @mjd a currency doesn't need state backing to be useful, but it does need to be practical for buying and selling lots of things people want

    about a day ago from quitter.se in context
  7. strypey strypey

    @mjd i.e the people who are organising to make sure core code development optimizes store of value over medium of exchange

    about a day ago from quitter.se in context
  8. strypey strypey

    @mjd I'm not sure how you define "organised political constituency" because it appears to me to have a very organised constituency

    about a day ago from quitter.se in context
  9. strypey strypey

    @mjd they do this at the expense of engineering # to be a useful internet currency for buying small amounts of actual goods and service

    about 2 days ago from quitter.se in context
  10. strypey strypey

    @mjd at present # engineering is controlled by BitBugs, who are using it as a store of value or a speculative hedge
    http://qttr.at/1r1c

    about 2 days ago from quitter.se in context
  11. strypey strypey

    @mjd again, I'm not arguing for this. It would only be likely if # was used frequently in real transactions not just currency speculation

    about 2 days ago from quitter.se in context
  12. strypey strypey

    @mjd "The same transaction in # means # has to acquire Bitcoin somehow" in this hypothetical, by accepting it in payment of tax

    about 2 days ago from quitter.se in context
  13. strypey strypey

    @mjd running a budget surplus does, so in hard times govt. deficits are a good idea, which is one reason austerity is "handbag economics"

    about 2 days ago from quitter.se in context
  14. strypey strypey

    @mjd paying the government portion of such balance of payments debt doesn't reduce the amount of money in the domestic economy AFAIK

    about 2 days ago from quitter.se in context
  15. strypey strypey

    @mjd when our governent buys "cloud" services from MS, this creates 'balance of payments' debt just as it does if I buy MS services from NZ

    about 2 days ago from quitter.se in context
  16. strypey strypey

    @mjd I think you're confusing 'budget deficit' (what you're talking about) with 'balance of payments' (what I'm talking about)

    about 2 days ago from quitter.se in context
  17. strypey strypey

    @mjd I'm not arguing for this though, to be clear, I'm just saying it would change the status of BTC from proxy currency to money

    about 2 days ago from quitter.se in context
  18. strypey strypey

    @mjd or the government could use it to pay down government debt to foreign actors willing to accept it

    about 2 days ago from quitter.se in context
  19. strypey strypey

    @mjd surely if there is a will there is a way? eg the tax department could batch sell BTC within the country for its own currency

    about 2 days ago from quitter.se in context
  20. strypey strypey

    @mjd do you think your counterargument still applies if a government accepts taxes in BitCoin as *one option*, not the only tax currency?

    about 2 days ago from quitter.se in context
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