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The Turkish Government Is About To Find Out Why Bitcoin Is Not A Bubble!!!
The Turkish government has exercised its censorship chops in banning Twitter in an attempt to quell distribution of anti-government recordings, and in the process has materially popularized the service, to wit: Forbes - Streisand Effect Takes Hold As Turkey Bans Twitter
In an attempt to halt widespread allegations of corruption, Turkish prime minister Recep Tayyip Erdogan has shuttered Twitter – but so ineffectively that the number of tweets sent in the country has remained unaffected.
Last night, Erdogan announced that, following a court order, Twitter was now disabled in the country. “We’ll eradicate Twitter,” he said. “I don’t care what the international community says. Everyone will witness the power of the Turkish Republic.”
The Washington Post reports,Turkey bans Twitter — and Twitter explodes.
Of course, the Islamic leaning Aljazeera.com says "Twitter users ridicule Turkey ban".
Of course, the Islamic leaning Aljazeera.com says "Twitter users ridicule Turkey ban".
 Leaked recordings shared on Twitter include one in which Erdogan allegedly instructs his son to dispose of cash [AP]
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Turkish and global social media users have mocked moves by Turkey's government to restrict access to Twitter. The hashtags #TwitterisblockedinTurkey and #Turkey blockedTwitter became the top trending topics globally on Friday, just hours after the Turkish government imposed the ban. The number of tweets from Turkey reportedly rose by 138 percent as savvy Internet users, including the country's president Abdullah Gul, found it easy to circumvent the shutdown. "The whole world is laughing at you #ErdoganBlockedTwitter," users tweeted, as dozens of images mocking the ban - including one showing Twitter birds covering Prime Minister Recep Tayyip Erdogan's head in droppings - were shared on the platform. Another popular tweet shared a poster of the prime minister on a Barack Obama campaign poster with the message, "Yes, we ban". Erdogan on Thursday night promised to "root out" and wipe out" the social media platform after users published claims of corruption against him. Leaked recordings shared and linked on Twitter include one in which Erdogan allegedly instructs his son to dispose of large amounts of cash from a residence amid a police corruption probe. |
One method of ridicule was to go around the the blocking if the Twitter domain name by using Google's DNS (Domain Name Server) services which allowed anxious and potential Twitter users to find the Twitter website through Google's machinations. So, what does the Turkish government do? They blocked Twitter at the IP level and then went so far as to bank Google's DNS. This means that Turkey is attempting to block out a portion of the Internet, to wit: Turkey Blocks Google DNS as Erdogan Defends Twitter Action
Now here comes a quick education for the old fogey-type folk that declare Bitcoin is a bubble, ponzi scheme currency with no intrinsic value. If you recall my many videos that declare the value of Bitcoin is in the protocol, and not the unit of account that everyone is calling a currency, then you may realize that the Bitcoin technology can literally take the Turkish government down.
(go to time market 1:10 in the video for the explanation)
Those that know the Bitcoin protocol well know that it is an ideal method of overcoming centralized control in regards to value transfer. Well, it's easily assumable that website data access is value transfer as well. If anybody in Turkey is reading this, then email me and I'll show you how to step around even Erdogan's Google DNS ban using the Bitcoin derivative known as Namecoin - A peer-to-peer, censorship resistant, alternative DNS root and data storage technology. Using that "tulip" technology with "no intrinsic value", Namecoin facilitates cryptographically secure decentralized name and data storage.
According toWikipedia: Namecoin (sign: ?; code: NMC) is a cryptocurrency which also acts as an alternative, decentralizedDNS, which would avoid domain namecensorship by making a new top level domain outside of ICANN control, and in turn, make internet censorship much more difficult, as well as reduce outages.[3][4][1][2][5][6][7][8]
Now, we all know that Krugman and Roubini and all of the not so technologically inclined macro economists may not believe that Bitcoin, et. al. has any intrinsic value, but if somebody like me led a "Coin" revolt in Turkey, do you think Erdogan would believe the economists or me in regards to the intrinsic value of this technology.
If you think Namecoin can be disruptive to the status quo, you aint't seen nothin' yet. Wait until the launch of UltraCoin, when those little Haitain kids in shacks out trade the Goldman prop desk on that BTC/AU pair trade.
That's right, I'm teaching 3rd world children how to trade using cryptocurrency derivatives and plain old fashioned derivatives. I'm comfortable pitting them against the names that the developed world worships, as long as its using this new tech. Let's see how they fair...
I just love the smell of creative disruption in the air. These pics were taken after some training sessions in Port au Prince, Haiti this weekend.
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I was refering to this statement in particular concerning revisionist history.
the versions I'm finding now are saying the systems were already on fire when operators were unplugging the batteries but were still able to transmit and recieve.
I'm not disputing an EMP can't fry batteries.
And on a little digging.
http://www.history.com/news/a-perfect-solar-superstorm-the-1859-carringt...
On the morning of September 2, the magnetic mayhem resulting from the second storm created even more chaos for telegraph operators. When American Telegraph Company employees arrived at their Boston office at 8 a.m., they discovered it was impossible to transmit or receive dispatches. The atmosphere was so charged, however, that operators made an incredible discovery: They could unplug their batteries and still transmit messages to Portland, Maine, at 30- to 90-second intervals using only the auroral current. Messages still couldn’t be sent as seamlessly as under normal conditions, but it was a useful workaround. By 10 a.m. the magnetic disturbance abated enough that stations reconnected their batteries, but transmissions were still affected for the rest of the morning.
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Someone else can explain to everyone why the keys and electromagnets didn't fry also along with the battery since we are off on a tangent here. For anyone who wants to read furthur.
http://www.w1tp.com/pertel.htm
HISTORY, THEORY, & CONSTRUCTION OF THE "ELECTRIC TELEGRAPH"W1TP TELEGRAPH & SCIENTIFIC INSTRUMENT MUSEUMS: http://w1tp.com
Because the Internet is decentralized. Junctions in one country simply shut down that country, it does nothing to disable the internet. In addition, you'd have to shut down nearly every peer/node in every country in order to eliminate the 'net. That's a lot of shutting down, eh? Interested parties better get started, It's going to be a long century.
Once EMP weapons are deployed, maybe Antarctica will survive unscathed. Maybe a few nodes will survive if they are hardened but consumer grade PCs and mobile gear will go bye bye. You'll have an internet with no clients surviving.
EMP only really affects closed circuits. Meaning, any device that is not powered on or has the battery removed during the event will remain perfectly functional. The case of a computer is designed to shield the internal components, as long as it is plugged in and turned off.
Major government buildings like the Fort Meade are built as faraday cages, to protect against this very scenario. I would not be surprised if AT&T and Google did so, as well.
The main problem with an EMP from a nuke or coronal mass ejection is that it will fry all the transformers on the power grid all at once.
Wrong wrong wrong. Unpowered transistorized devices will most certainly fry. I laughed out loud at the computer case being an effective shield against EMP. Do a search on 'EMP transistor junctions'.
What kind of EMP are you talking about? A CME or nuclear weapons? If there are nuetrons and ionizing radiation coming through your house and through your computer case, you are likely dying from acute radiation poisoning, so losing your bitcoins and not being able to turn on your computer are really not priorities.
Like I said, with a CME there is about 72 hours advanced notice, so we should be warned and have plenty of time to wrap everything up in chicken wire and tinfoil, ground it out and unplug it all.
You claimed that people had 3 days advance notice of the Carrington Event which was from a CME. It took place in the days of the telegraph so that was bullshit.
We were talking about the EMP from a nuke and clearly you know nothing about transistors, faraday cages, how an EMP reverse biases transistor junctions, etc.
You're not worth arguing with because you're a bullshitter.
1. I already admitted I was wrong, and that it was detected 18 hours prior, not 72. Still looking for source on telegraph operators unplugging in advance.
2. You think that communication over telegraph was much slower than today? Why? Was electricity slower back then?
3. First of all, people were just saying "EMP", not "nuclear strike" and I asked for clarification. Second, as I already said, in the event of global thermonuclear war, you are going to be dead or dying so worrying about whether you can spend bitcoins or get on Facebook will not be a priority.
4. I never claimed anything about transistor biases.
Fail. You made the ridiculous claim that "any device that is not powered on or has the battery removed during the event will remain perfectly functional". That's why I said you don't know shit about transistors. The rest of your comment above consists of evasive maneuvers.
I look forward to seeing the details on how I can charge my cell phone overnight using a solar charger. Reminds me of a joke about Polish solar expeditions.
https://www.kickstarter.com/projects/249225636/solarpad-kit-genuine-5-wa...
It has a storage battery on it that you use to do the charging with. That is how you can charge a cellphone battery at night.
This one is an opensource project designed for outdoor use but can just as easily be used in your backyard or in your apartment window for example.
I can think of lots of applications for having a solar panel with a battery storage like this built into a hiking backpack for starters. But that would require using a hair of critical thinking.
Yes, fonestar has one of these and actually used it to troll many websites including this one with an Android fone while staying in a bivy one weekend.
I just walked a week in the Amazon gold prospecting and surely wished I'd taken a 6" solar panel for my digital satellite phone.
Easy Cheatum How, you're hurt'in them! It's a Ponzi! A Bubble! Remember???
So YOU'RE the Reggie that I see excoriated all over ZH for being Barry O's butt buddy!
Dude , your kinda famous. Just remember to keep it up.
Wait until the launch of UltraCoin, when those little Haitain kids in shacks, using the Internet?, out trade the Goldman prop desk on that BTC/AU pair trade.
Which haitian whore is gonna provide her bastard kids with an internet connection?
Wireless Internet is everyone, and free in most places, you just need a decent prepaid cellphone, which are widely available. There are android tablets under $100. The developing world is skipping right past home computers and outrageous ISP bills and going straight to the latest and greatest.
cellphones, like Nike shoes and New York Yankees ball caps, are status symbols that are more important than food or shelter to many people.
Allow me to translate for "Wireless Internet is everyone" Matt:
I know nothing about anything but I like to bullshit about things I know absolutely nothing about. I get all my information from my hot pocket eating friends on Twitter and FaceBark. I do know about Nike shoes and ball caps though because they are kewl.
No, I've actually been to the Caribbean in person and seen real live local poor people with cell phones accessing the Internet through Wi-Fi and their cell providers, thank you very much.
You've been to the Caribbean? Well, alrighty then.
You need to be hip to every new jive and dance like a monkey. You dig?
BUY BITCOIN!!!
Lot's of options for cryptocurrencies reggie.
Wake me when I can pay my taxes with just one.
Time to wake up! (and learn to Google)
fonestar is a awake and fully googled!
Reggie, really? It's too late. The future's changing and bitcoin won't be in it. Another moment like this will be, however: http://flic.kr/p/kyKgtF $6 bitcoins
Oooh! The spikey-crashey-scary! fonestar better sell now!!
Thread to be taken over by Bonestar comments in 3...2...1...
I have to ask Reggie, what is the intrinsic value of Bitcoin?
I love you Reggie, your doing a good job.
The fiat value went from the mid 550s to 591 this afternoon.
More bitcoin silliness for my bank account.
Of course it went to 569 on stamp as we speak right after that. More bitcoin silliness.
There is no "intrinsic value" in Bitcoin because there is no "intrinsic value" in anything. There is only temporal-situational value.
So food doesn't have an intrinsic value?
Who are you arguing with Colonel?
It was a question to the village idiot.
If you mean fonestar, I can't see his comments for some reason. Hmmm.
Lucky you then.
Oh yeah, sure he can't see fonestar's comments. You just don't like fonestar's comments because he offers cream-glazing perspective into the modern world of crypto-anarchy and an exciting gatehole into the deep web.
Aren't you ignoring your job as an Obamacare website guide?
fonestar who rules over cnbc.com
food has temporal value (while it is fresh) to humans. To other species it may be a poison.
cue madtechnician in 3..2...1... to say there's no such thing as intrinsic value (LOL)
So, you don't think value is subjective? Because it cannot be both subjective and intrinsic.
Absolutely value can be both simultaneously.
A gold atom has various physical properties. Those properties are value.
How many gold atoms you have & their configuration adds physical value because 1 alone can't do what a thousand or a million can do and the shape, the spacing between the atoms, also matters.
Now, so far we're working only with the physical, intrinsic, nothing subjective.
The benefit or damage to you by the use of such a configuration now could be subjective. A person could use it to make a better chemical weapon and kill you. That's a very large negative value to you.
And you could also use the same type of nano-catalyst configuration to make a more efficient, dense, cheap fuel for your machines which is a positive value, perhaps large, perhaps not, depending on what benefit you get from the machines themselves.
See, that's the subjective. The subjective is a multiplier, potentially negative, of the physical intrinsic value.
When a thing has no intrinsic value it has no subjective value though it can have speculation value.
What's the difference?
Intrinsic value exists right now. Not just in the future.
Subjective value is also in the immediate now. It can be changed variously depending on who does what but it's immediate and coexists with the subjective.
What is speculative is neither intrinsic nor subjective because it doesn't even exist yet and may never. This is a potentially failed future prediction of future value which by definition is not intrinsic value because that which is intrinsic doesn't newly exist later nor cease to exist any more than physics itself ceases to exist or is newly invented.
If you're not very bright, or perhaps very young, could be these concepts are over your head.
J. Baird Callicott, referring to Kant, states that in the case of the Devil's Hole pupfish, value can be both subjective and intrinsic.
http://ejap.louisiana.edu/EJAP/1995.spring/callicott.1995.spring.html
I find curious that this "intrinsic" value still needs a "valuer" and therefore will vary depending on the "valuer"... not something I would have thought of something "intrinsic"... the comparison to relativity might be more relevant than the one to quantum physics?
Maybe it would be better to talk about "collective" value as the sum (or average of) values given by all the "valuers"?