User talk:Sharonnhcl

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[edit] MpglfQpZwNlnEoMqRz

Resources are utterly westad on the manufacture and maintenance of locks, vaults, and armies. If only we could all agree on certain basic (and just) principles, principles that certainly everyone would agree to anyway if they were interviewed one-at-a-time, then we could forgo all of those costs and live in peace and harmony.While the early days of Bitcoin gave it a reputation as a waste of resources, perhaps we should learn to see those resources as the very real cost of human nature, no different than the cost we pay to have a well-maintained police force in our own communities and certainly must less than the cost we all pay now with the current system based on the IMF, the Federal Reserve, etc. Any statement that Bitcoin is wasteful certainly should qualify itself with a quick recitation of the COSTS OF OUR CURRENT SYSTEM: The hidden tax of inflation, especially on our poor and elderly. The high personal cost of the federal income tax, which just barely covers the amount of our interest payments on the national debt. (No, it doesn't pay for any of your government services, or anyone else's, surprised?) The national debt itself, which presumably must be defaulted on at some point, or inflated away, in either case devastating the savings of our elderly and forcing them to rely more on taxpayers for their medical and other care. This will unfortunately drive a cultural attitude of negativity against the elderly, when previously they were the ones with the most resources (and wisdom) in any family. While women are a great benefit and value to the workforce, the fact remains that many of them only work because they have to, not because they desire to. This is because the cost of living is so high, due to the income tax and its secondary effects on the rest of the economy. Many do not realize that the high personal cost they pay every day, as their children are raised in government farms, is directly and solely in order to service the national debt. The cost we pay in terms of the wars that are financed by our national debt wars that otherwise the powers that be would be unable to afford through direct taxation, yet now have foisted upon us to pay through the blood of our children, and the mortgaging of their future to the banks. The cost we pay in terms of having a monopoly banking system, which has control over our money supply, the life's blood of our economy! We all know that banks are bureaucratic and slow, and frustrating it's because they have a monopoly! And our economy pays the price of having a monopoly banking system, just as the Soviet Union paid the price for central planning, and just as ordinary, hard-working German citizens paid the price during the Weimar Inflation, when all of their savings was stolen from them by an elite eventually leading to the rise of the Nazi party. The cost we pay in terms of the Great Depressions that are cyclically brought upon our nation through the misallocations that are consequential to the mistake of allowing a central committee of corrupt bankers to have direct spending access to everyone's savings and retirement. The cost we pay in terms of our rights and freedoms, as the income tax is then used to shape our behavior in terms of the penalties, incentives, and deductions that are built into the system. Designed, of course, by lawyers and lobbyists for powerful corporations, passed by Congress, and imposed upon you, and your parents, and your children all in order to shape your behavior, and to structure the system so that working for one of those corporations is the only way you can afford to pay your bills. The cost we pay in our general standard-of-living, while our children are raised in government schools and by MTV: because we are all too busy working (with no vacation), as the infrastructure of our once-great nation crumbles all around us, along with her culture. Anyone can see the roads have potholes after a rain. Will today’s Western Man, having grown dull and fat amidst all his luxury, awake to find the Empire of the West has crumbled around him along with its morals? Do not the other nations have the same access to western economic knowledge and theories of government to become as powerful as we? Do we think that we are so much better than other people, such that living in less luxurious circumstances than we are currently accustomed is somehow outside of the bounds of our reality? The cost we pay in terms of our personal security, and that of our women and children, as our economy declines and our military might necessarily declines with it. (And as the decline in culture and economy leads to higher costs of blood and treasure due to increases in crime, as happened to Argentina in 2001 when she ceased to be the tenth richest nation in the world, and instead became a place where families had to eat out of garbage cans.) The cost we pay as we age, and are forced into government-hospital-projects, and government-elderly-care-and-quality-of-life-facilities, and as our children are funneled into government employment opportunities building dams, nation-building, UN patrolling, ditch digging, driving trucks and burying bodies for Uncle Sam, because the economy sucks so bad that no one can get a normal job or start a company anymore because the institutions that once acted as our agents protecting our freedoms, with one-representative-per-every-30,000 people with every neighborhood having a voice have instead become tentacled abusive nightmares, answering only to bankers, large corporations, government employees unions, and sporadic voter anger. The cost we paid in terms of our skill-sets, competitiveness, education, and off-shored industry, as a result of being allowed to grow dull and fat through several decades of economy misallocation by way of the world's use of dollars as a reserve currency. They sent us their microwaves, their automobiles, their minerals, and their agriculture, while they starved and worked in slave mills, in return for worthless paper dollars, while we sat around playing video games and flipping real-estate, jumping from bubble to bubble like drunken fools, laughing at the worry of our grandparents towards our generation. Well, they say that in a downturn, money returns to its rightful owner a lesson we are likely to learn at the hands of China.Bitcoin is wasteful of resources??? Let's get some perspective here, people. Otherwise we are entirely blind, and deserve our fate. My people are destroyed for lack of knowledge: because you have rejected knowledge, I will also reject you, that you shall be no priest to me: seeing you have forgotten the law of your God, I will also forget your children. Hosea 4:6

[edit] Aline

There's a natural limit to how much ctpmuoation will be applied. We can expect the cost of mining to approximately equal the price of the new bitcoins awarded. New bitcoins are a small portion of the bitcoin economy, and the proportion shrinks dramatically as time goes on.As bitcoins get pricier, it will become worthwhile at some point to build custom-designed ASICs to mine them. These will likely be much more power-efficient, but costly. In that case people will spend most of their mining investment on hardware, rather than electricity.

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