When a capitalist tries to sell his product or service for the highest price they can get, they are seen as greedy. When a worker tries to sell their labor for the highest price they can get, they are seen as noble and deserving. (488 points, 138 comments)
Liberals: We need to end the two party system! *Howard Schultz announces possible presidential run as an independent * Liberals: WOAAAHH THERE BUDDY SLOW DOWN! (444 points, 54 comments)
I'm looking forward to the Democratic Primary because it's going to be one giant competition on who can give people the most free things. (408 points, 132 comments)
Facebook Escapes Lawsuit Claiming the Social Network Assisted a Terrorist Group
Facebook doesn’t have to face a lawsuit by victims of Hamas attacks and their relatives who claimed that the social network unlawfully assisted the terror group, a federal appeals court ruled. In a 66-page ruling issued Wednesday, a divided court upheld a judge’s decision to throw out the case, saying an interactive computer service is not the publisher of third-party information when it uses tools that are designed to match content with consumer interests. “Facebook does not edit (or suggest edits) for the content that its users—including Hamas—publish,” the Second Circuit Court of Appeals said, noting that the company only requires users to provide basic information and therefore acts as a “neutral intermediary.” The lawsuit was among several around the U.S. testing whether victims of terrorist attacks and their families can hold social-media companies to account for allowing violent extremists to use their platforms to recruit followers. The terrorism victims attempted for the first time to argue that social-media companies could be held liable under the U.S. Anti-Terrorism Act. “If this had gone any other way than this, it’d have been a stunning surprise,” given similar decisions across the U.S., said John Samples, a vice president at the Cato Institute.“In a sense, this puts the ball in Congress’s court. “If you want a different result in this case, it’ll have to be because the laws change, and that’d be a hard task,” Samples said. Without the immunity the law confers, Facebook would be inclined to censor everything that’s controversial, said Lata Nott, executive director of the Freedom Forum Institute’s First Amendment Center. “If they were held to the standard that they’re responsible for someone else’s posts, they’d go out of business,” Nott said. The plaintiffs sued the company in federal court in New York in 2016, alleging it provided Hamas with a communications platform that enabled the attacks. A district judge dismissed the case in 2017, finding that the Communications Decency Act of 1996 prevents civil liability for claims that treat computer service providers or users as the publisher or speaker of information provided by someone else. The appeals court said that if Facebook were even partly a creator or developer of the terrorism-related content, it wouldn’t be protected under the law. But it disagreed with the plaintiffs’ arguments that the company helped developed Hamas’s content by directing it to users who are interested in the group and its terrorist activities even if they aren’t seeking it. “The algorithms take the information provided by Facebook users and ‘match’ it to other users—again, materially unaltered—based on objective factors applicable to any content, whether it concerns soccer, Picasso or plumbers,” the court wrote. One of three judges on the panel, Robert A. Katzmann, partly disagreed in a 35-page dissent, saying the decision takes a law intended to encourage service providers to shield minors from obscene material “so that it now immunizes those same providers for allegedly connecting terrorists to one another.” “Moreover, in part through its use of friend, group and event suggestions, Facebook is doing more than just publishing content: it is proactively creating networks of people,” Katzmann wrote. “Its algorithms forge real-world (if digital) connections through friend and group suggestions, and they attempt to create similar connections in the physical world through event suggestions. The cumulative effect of recommending several friends, or several groups or events, has an impact greater than the sum of each suggestion.”
Hello /r/Bitcoin! I’m Jim Harper, Global Policy Counsel at the Bitcoin Foundation. AMA!
Howdy, Reddit. I'm Jim Harper, Global Policy Counsel for the Bitcoin Foundation and author of our comments to the New York Department of Financial Services on their "#BitLicense" proposal. You can find a blog post discussing some of the issues (and, of course, a link to the comments themselves) here: https://bitcoinfoundation.org/2014/10/want-to-inspect-the-garage-show-us-the-research-and-other-notes-from-our-comment-on-new-yorks-bitlicense-proposal/ Comments close next week, and if you want to weigh in, some folks in the Bitcoin community created this very cool site to help you do that: http://nyneedsbitcoin.com/ Happy to discuss the "BitLicense" and what we're doing, but I'm also a senior fellow at the Cato Institute, and worked there for the last ten years on the interface between law and technology from a slightly pro-freedom angle. I'm big on trying to correct the course of the Fourth Amendment, and I work a lot on government transparency. Even if you hate XML (and it seems everyone does), you may still like this: http://www.cato.org/resources/data I'm considering being proud of supporting D.C. United again. My Twitter handle is @Jim_Harper This is me proving I'm me. D'ya believe it? It looks kinda photoshopped. (I wrote a book counseling against the overuse of identification, but I guess it's aight here...) http://i.imgur.com/WCAW8pb.jpg Ask me anything! Thanks to Reddit and the enthusiastic Bitcoin subreddit for the chance to interact with folks here. I tried to balance my time between up-voted questions and things that are in my area. I'll make another pass and then sign off. Thanks again!
When the term "anarcho-capitalism" was coined, it was more or less synonymous with Murray Rothbard. Rothbardianism. To say you were an anarcho-capitalist in those first two decades or so more or less meant you were a Rothbardian. Even when the Mises Institute began to grow and take on new names, and publications dedicated more closely to anarcho-capitalism (and not broadly "liberty," objectivism, or libertarianism), basically everyone toed the Rothbardian line. At the same time, "libertarianism" as a larger movement existed. And it had many, many different forms. In the 60s, there was a substantial libertarian socialist revival that was trying to mix with the new right-libertarians. Rothbard opposed them. There was the counter-culture, also attaching itself to libertarianism, which Rothbard also strongly opposed. And, of course, Ayn Rand and objectivism. In the end, Rothbardian philosophy dominated over those, but split with the Libertarian Party and its more pro-state Cato group. The latter would become far more influential, Rothbard even shifting back toward it and beginning to support its policies. This is just a brief history of the ideology, to lead up to modern anarcho-capitalism. In its most recent incarnations, less than two decades old, anarcho-capitalism's biggest friend has been the Internet. And the introduction of tech-libertarianism. The idea that technological solutions, rather than political ones, will bring forth anarcho-capitalism. Bitcoin is an example. Seasteading is related to the same trend of new tech hopefulness. And another belief, that of the imminent financial collapse, has strengthened after a few major economic downturns in over the last decade. This idea of the collapse, of a gold standard, etc. was always there. But it has actually strengthened. All of these things share in common that they don't require any action: anarcho-capitalists are just waiting for anarcho-capitalism to happen by itself. The old strategy, the Rothbardian anarcho-capitalist strategy, was political. At times, he advocated and allied with people who promoted revolution. To overthrow the state. At times he advocated participation in local politics. He endorsed people for mayor and president. He hit the streets. He campaigned. He organized student groups on campuses. He allied with other anti-state movements on the left and the right. But he was always advocating for a real, tangible, physical, political goal: the end of the state. Even if he changed strategies, his goals were physical, clear, and he believed that he could accomplish them through activism and political means. Now enters what I see as the bastardization of anarcho-capitalism. This is basically a throwback to certain libertarian trends in the 60s that Rothbard criticized. In left-anarchism, they have a term called "lifestylism." This is basically the idea that anarchism is a personal philosophy, a lifestyle, that you can be an anarchist day-to-day. That every action is in fact an anarchist action. It doesn't focus on activism, or political results. It's a personal philosophy. It's not really about revolution or workers, or the state. This is a trend I see a lot of, enough that I would say it may even be dominant, on this sub. I've seen people say that we're already in an anarcho-capitalist society, that every free interaction is actually anarcho-capitalism, that no one should vote, no one should participate in politics. Two threads recently had most people saying no to civil disobedience and no to activism. There is one right now with people saying that they would not even blog about anarcho-capitalism. A lot of people have said they don't expect a revolution or political change, but are just waiting for the state to collapse or become obsolete. Meanwhile, they're trying to avoid or sidestep the state. Ideological preppers. Yet others think they can flee from the state in enclaves, seasteads, or spacesteads. This I am sympathetic to, it may be possible in the future. But what it amounts to in practice is people avoiding real political action. All of this is a part of the "bastardization of anarcho-capitalism." I know there are still a few Rothbardians here. A lot of them are sort of ostracized. A few are the so-called militants. Hoppe gets no love for being "racist," but moreover, I have not seen a single person endorse Hoppe's strategy as outlined in "What Must Be Done." Specifically to take over local governments. The closest thing to Hoppe's strategy is the FSP, which is often ridiculed here because it's too statist. And that's when it is discussed, which is rarely. So has anarcho-capitalism degenerated to the 60s-style libertarianism Rothbard opposed - the libertarian equivalent of left-anarchist lifestylism- thw idea that libertarianism is not a political movement, anarcho-capitalism is not a political goal, but both are a lifestyle, an ideology, a way to view the world. Anarcho-capitalism is the "personal liberation" version of libertarianism, the belief that it was about how you lived your life freely, that Rothbard mocked? If someone says "vote for Trump" or "go to a protest" it's an unpopular opinion. Nonaction is defended with sophistry. You're an anarcho-capitalist if you have a job and make money, because capitalism. I often see the left-anarchists and think that Bakunin, or Emma Goldman, or the CNT, would have hated the SJW culture. Instead of worker revolution they are too busy focusing on an obscure sexual preference. Anarcho-capitalists today seem to have the same relationship to the Rothbard of old. Instead of focusing on actual political goals and strategy, be they voting or picking up arms, or protesting, or writing a book, it's this strange ideological circle of people alternating between complaining about the state and then doing nothing at all. Hey, Rothbard complained about the state a lot too. But a lot of what he wrote was about strategy. A lot of the time he spent was in the streets, or really in the universities, trying to forge actual alliances with real people, to put pressure on real politics. He was doing. What happened to that anarcho-capitalism? I wrote "the bastardization of anarcho-capitalism," but I could have just as easily called it "anarcho-capitalism is dead." At the very least, real Rothbardianism is dead.
Initiative Q invites - few invites left if interested
What and who is Initiative Q?
Initiative Q is a project aiming to build a new payment network. According to Wikipedia, it is created by Israeli entrepreneur and professional poker player Saar Wilf. It is backed by Cato Institute economist Lawrence H. White. To help get early adopters, Initiative Q are giving away their own currency or points, called Qs. It's 100% free. There is currently a lot of news and speculation about whether it's an opportunity or a pyramid scheme type scam. All that is known is, it's not another cryptocurrency like Bitcoin, and Initiative Q is only going to gain traction, or potentially hold monetary value if adopted on a global scale. No one knows; at the moment Initiative Q is a mystery. Since we're only sharing a name, email address and password, (which we use with any other social network anyway), I personally see it as a potential opportunity. As long as your Initiative Q login details are unique i.e. you do not use them with anything else. NB: They're not asking for any money. This is what made me feel it's potentially not some type of scheme; more of an ambitious project, and something for early adopters to gain from, if it takes off in later years. Why I'm trying it out. The only thing they can gain from us is our chosen email address, username and password. Worst case scenario... ...they are out there to make money off us, by selling the login details to advertisers, like many companies already do that we sign up to. Or even worse by trying to break into accounts that use the same login details: this is easily avoided by using unique login details with a new Gmail account, when signing up for Initiative Q. Alternatively... (if they get this off the ground) they can make money by taking a small percentage for each Q currency transaction. Which would be worth something at that point. This would make sense as a legit currency company. If uncertain (which is understandable), and yet curious enough like myself to try it out... ...register a new separate Gmail address to use when signing up. Just in case, I suggest using a unique username and password that is not affiliated with anything important to you, example your bank details etc.... Rather be safe than sorry. Now, if this is legit and we all use safe username and passwords, there is only to gain in the future. And if nothing comes from this, then so be it. Years ago Bitcoin was also under scrutiny... ...whether it was real or a waste of time. No comparison, except that Initiative Q is ambitious.
After reading many articles, including the Forbes.com article below which has a positive outlook on it, some are saying it is a scam/pyramid scheme, and others an opportunity. You can decide for yourself. Forbes article states: "While it is imperative for people to question all financial decisions they're presented with, a company simply cannot exist as a pyramid scheme if there is no information - let alone money - to float up the pyramid." Personally, if this may be the new best thing I do not want to lose out. At the same time we should use unique login details for security purposes, just in case. I see it as, if one does not try, one shall never know. One way or another we're going to find out.
Suggest doing your own research via Google or YouTube.
Eventually replace the use of the current credit card system
1Q = $1 (US)
It’s by limited invite only, and I currently have 10 invites.
Click or tap my personal invite link: https://initiativeq.com/invite/SeUZXICiX After clicking the link and I confirm your invite I get extra Q points, and you get the chance to start building up your own.
Here's My Annotated List of 7 Companies with Libertarian Leaders. What companies and people can we add to this list?
Companies With Libertarian Leaders Company: Whole Foods Founder: John Mackey According to Mackey's Wikipedia page, he says used to be a democratic socialist. Now he's a free-market Libertarian. He is an admirer of Ludwig von Mises, Friedrich Hayek, Ayn Rand, and Milton Friedman. Learn More:Article: Mackey: Hippy, Libertarian, and CEO Company: L.L. Bean Heiress/Owner: Linda Bean Linda Bean is the granddaughter of the founder of L.L. Bean and she owns a large stake in the L.L. Bean Company. While she has also been known to support republican and conservative causes, she seems to lean towards libertarianism. In a 2012 CNN article, she was quoted as saying, "I've been for Ron Paul for years... He doesn't waver from the Constitution and I like that very much." She has also run for congress I the past and lost. Learn More:CNN Article | Linda Bean on Wiki Company: Overstock.com CEO: Patrick Byrne Byrne has been the CEO and chairman of Overstock since 1999. He is a self-described Libertarian and an outspoken supporter of Bitcoin. Recently he's been in the news for adding Bitcoin to Overstock's payment options. Learn More:Pat Byrne: LibertarianByrne's Wiki Company: Koch Industries (Conglomerate) Leaders: David H. Koch & Charles G. Koch Kohn Industries is the second-largest privately-owned company in the United States. They are involved in energy, plastics, and commodities. They've donated sums of money to Cato Institute and Heritage Foundation. Learn More:Koch Family Wikipedia Company: Penn & Teller Leaders: Penn & Teller Are they a company? I'm not really sure, but they're definitely outspoken libertarians in the business world. They've got a Vegas magic act which had libertarian messages when I saw it last year. Their Showtime Hit TV Show, "Bullshit," was strongly Libertarian. I don't know if they're a company, but I'm adding them to this list anyway. Learn More:YouTube: Penn on Why I am a Libertarian | Every Episode of Bullshit on Youtube Company: Amazon Founder: Jeff Bezos I wasn't sure whether I should include Jeff on this list because I haven't read too much about his Libertarian-leaning political views. But his Wikipedia page says he's probably a Libertarian, so that's good enough for me. Learn More:Bezos Wikipedia Company: Gold and Silver Pawn Shop (PawnStars on TV) Owner: Rick Harrison In an interview with Mark Levin, Harrison describes himself as a "total Libertarian." He talks about the need for government to get out of the way of business. Learn More:Interview with Levin | Article About Harrison What other companies and people can we add to this list?
"Cato Institue: Bitcoin will be replaced by cryptocurrencies with superior features."
TL/DR: Link to article title via Cyrptocurrency News: https://www.cryptocoinsnews.com/cato-institute-bitcoin-will-displaced-cryptocurrencies-superior-features/ First, Dogecoin isn't mentioned in the article or eBook except in the phrase "cryptocurrencies with superior features." (At least, that's the way I choose to take it.) The article is brief. The section referenced is as follows Quote from ebook discussed in article: "Nonetheless, in the longer run, Bitcoin is almost certain to fail – and this is no bad thing. The pioneers in any industry are rarely the ones who last: who remembers Betamax from the early days of the video industry? Bitcoin might have been the first successful cryptocurrency, but it is not yet clear whether being the first mover in this area is even an advantage in the longer term. After all, any major design flaws in the Bitcoin model are set in concrete and competitors can learn from them. The cryptocurrency market is also an open one and a considerable number of new competitors have already entered the field. These include, among others, Litecoin, Namecoin, PPCoin, Freicoin, Ripple, Primecoin, Terracoin and Feathercoin.27 Most of these will probably soon fail, but, as competition in the market develops, no one can predict which cryptocurrencies will be best suited to the market and achieve long-run success. For what it’s worth, the author’s guess is that Bitcoin will eventually be displaced by other cryptocurrencies with superior features. The ideal – one is tempted to say, the gold standard in this area – would be one or more cryptocurrencies that were able to achieve stable purchasing power through elastic but fully automatic and hence non-discretionary supply schedules when real demand changes, and which also have the ability to maintain state-of-the-art security. Going further, the ultimate possibility for those who believe in private money is that cryptocurrencies might eventually become so widely accepted that they drive government currencies out of circulation and expel the government from the monetary system once and for all.
"How are they created? New coins are generated, or “mined”, by a network node each time it solves a specific and difficult mathematical problem. In technical terms, mining involves calculating the hash of a block header. This header includes a reference to the previous block, a hash of a set of transactions and a unique 32-bit value called a “nonce”. Bitcoin blocks are generated every 10 minutes, on average, in a process that will continue until 21 million bitcoins are created, which is expected to occur around 2140. At this time, Bitcoins will continue to be traded, but will no longer be mined."
Am I the only one who still to this day has difficulty understanding this? Am I stupposed to brush this over as one of the things in life on not trying so hard to understand it? I love the concept of bitcoins but I guess I just feel more comfortable understanding it more as I know how many things nowadays are so manipulated. Imagine for a second Bitcoin was covertly made by Tavistock, Cato institute, IMF... I feel someone paid to have BTC developed and then use it to shock-test the public and observe and report for new legislation
Cato Institute. Is the SEC Violating the First Amendment Rights of ICO Operators? Cato Institute. Forthcoming Book Review in Cato Journal Examines ‘The Bitcoin Standard’ January 13, 2019 by Paul de Havilland 0 Comment Is the SEC Violating the First Amendment Rights of ICO Operators? Is the SEC's gag order tactic in enforcement action settlements a breach of the First Amendment? The ... The Cato Institute aims to meet that need with its new series, Pandemics and Policy. Read the Pandemics and Policy essays; Fiscal Policy Report Card on America’s Governors 2020 . Governors play ... When Bitcoin’s price spiked in 2017, so did public mentions of the cryptocurrency, as measured by a Google n-gram plot. When William Jennings Bryan promoted bimetallism during his run for ... The World's Most Trusted Source for Reliable Cryptocurrency Info, News, Tools and Investment tips. r/dogecoin: The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The new innovative …
This video is unavailable. Watch Queue Queue. Watch Queue Queue Lawrence H. White is a professor of economics at George Mason University, and a senior fellow at the Cato Institute. He is considered an expert on banking and monetary policy, and has written a ... Max Raskin, Research Fellow at the Institute for Judicial Administration at NYU Law, explains the theory and logic behind Bitcoin, what Bitcoins can be used for, and how Bitcoin has transformed ... Dr. Edwin Vieira, Jr. discusses how Bitcoin, crypto currencies, and other currencies will be suppressed by the IRS and other government taxes. The alternative currency must be implemented through ... He has been invited to lecture at The Cato Institute, The Institute for Energy Research, the Young Britons’ Foundation in the United Kingdom, the State Policy Network and Lehigh University. He ...