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http://againstpolitics.com/2008/12/09/the-presumption-of-liberty/ I recommend you investigate De Jasays work on the presumption of freedom. Stealing/theft is a violation thereof
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Do you have evidence?
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You are studying libertarianism, so what literature have you read on this sub-topic?
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Maybe this whole debate is just a confusion over a subtelty. Mises regression theorem explains an apparent paradox of how to untangle that we want to explain a media of exchange (of which money is the most widely and readily accepted kind) 's purchasing power by reference to the demand for the media and that we would explain the demand for the media
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[quote user="Peter Šurda"]It will never reach 21 million. It's a convergent series. Around 2140 the reward will drop from one satoshi (0.00000001 BTC) to zero.[/quote] Hard for me to understand what you are saying. if you envisage the 'reward' for bit coin creation dropping from one satoshi finally to zero.. (The reward
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so when the block creation tops out at 21million then the transfer of bitcoins must cease ?
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Is there any computational relationship between the transaction of a transfer of ownership of a bitcoin between two wallets and the coining of a new bitcoing ? Are entirely independant processes?
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http://mises.org/daily/5598/Have-Anthropologists-Overturned-Menger http://archive.mises.org/18371/murphy-replies-to-david-graeber-on-menger-and-money/
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how is inflationary bitcoin impossible? isn't it in fact designed with a rate of inflation in mind? arent bitcoins *mined in cpu's* or some such. ? But its an interesting question who can/does set the rate of inflation on something like that.
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[quote]But what ends can be serviced with what inputs depends on what else you have, hence the marginal utility of the fourth tire can be greater than that of the third--just as the marginal utility of the fifth can be less.[/quote] You are a hairs breadth from the Austrian conception with the first half of the sentence at least... Yes, your ranked