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This Forum overtrades options
- Thread starter bwolinsky
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Quote from bwolinsky:
Still waiting to explain productivity credits as the next step to fixing the Monetary system.
Is counting out 32 digits of hex with a # sign in the middle too much to ask elite traders?
Here ya go:
25F3F0EDEB288AA89C81E9E9#4DA77DA6
I promise that this is as random as any other 32 digit hexadecimal number with a # thrown somewhere in the middle.
WTF you want this for is no doubt well beyond the understanding of my mere mortal brain.
Quote from rew:
Here ya go:
25F3F0EDEB288AA89C81E9E9#4DA77DA6
I promise that this is as random as any other 32 digit hexadecimal number with a # thrown somewhere in the middle.
WTF you want this for is no doubt well beyond the understanding of my mere mortal brain.
Thank you.
I'm coming home from the trip to Chicago so I won't get home till early am but that is exactly what I needed. I have to do some things on my computer that I can't do on my iPhone so sit tight and I'll demonstrate what I'd do with that financially tomorrow.
Sorry to disappoint but it will be worth demonstrating tomorrow afternoon. Without my computer I can't do the manipulations but I'll get to it tomorrow.
I can't wait...Quote from bwolinsky:
Thank you.
I'm coming home from the trip to Chicago so I won't get home till early am but that is exactly what I needed. I have to do some things on my computer that I can't do on my iPhone so sit tight and I'll demonstrate what I'd do with that financially tomorrow.
Sorry to disappoint but it will be worth demonstrating tomorrow afternoon. Without my computer I can't do the manipulations but I'll get to it tomorrow.
Quote from rew:
Here ya go:
25F3F0EDEB288AA89C81E9E9#4DA77DA6
I promise that this is as random as any other 32 digit hexadecimal number with a # thrown somewhere in the middle.
WTF you want this for is no doubt well beyond the understanding of my mere mortal brain.
Here is the value in hex of the first string 25F3F0EDEB288AA89C81E9E9:
256752619012990570000
Here is the value in hex of the last string 4DA77DA6:
1302822310
Credit cards use 16 digits, but in the case where there are less than 16 digits the remainder until there are at least 4 digits of hex in the last string are used to create identification numbers in the productivity credits system.
The decimal for the first half is <b>2567526190129905</b>70000, so the account number is the first 16 digits: 2567526190129905 and your pin number is the first two digits of the second string and the last two digits of the third string <b>13</b>028223<b>10</b>: your pin is 1310.
Say you and I wanted to trade each other's productivity credits, working similarly to a credit card any monies outside of the productivity credits system will always stay inside of the system and only people who are part of the productivity credits market can trade with each other.
If you and I wanted to trade, before that happens we must have at least as many productivity credits as the other. A productivity credit is a value that maintains its purchasing power no matter where you are in the world.
You would use your 16 digit account number just as a credit card, and more like a debit card your pin number is 1310. Your pin cannot be created by you. If you forget your pin, you'll need to create another 2nd string just as long of hexadecimal numbers. That is, if you lost your pin or couldn't remember, even though that would be like forgetting your ssn, then since you put the # sign at 4DA77DA6 (but you do have an extra digit 32 digits including #) then if you made a pin that was, say, 23f459fa, your new pin is from the decimal 603216378: first two last two 6078.
Just as you would determine who should earn your productivity credits, say you know that I produce something worth as much to you as one of your productivity credits (about $1,000 in monetary value). Then the account number you generated depending on where the first # sign is and which side of the # sign has enough digits to create an account number and pin number you and I decide to trade.
What you've done is create your first layer of hexadecimal encryption.
You and I want to trade 1 productivity credit, so to do that you would essentially swipe your productivity credits account number and enter your pin to do the transaction.
Thus, what this looks like at the first layer is dependent on what the other person's account number is.
Here is my random 32 digit hexadecimal string:
1738adfda83023bc4872abcdf4#28af3
My account number from 1738adfda83023bc4872abcdf4 is: <b>1510427757470293</b>70000 and the first 16 digits is 1510427757470293. My pin is <b>16</b>66<b>43</b>: 1643
The first layer of encryption would be our account numbers, that is: 1510427757470293:2567526190129905
The second layer to complete the transaction requires us to enter our pin numbers, so the second and third layer will have the second string of account numbers with the pin of the first string of account numbers:
Like so:
2567526190129905:1643
and the final third layer that completes the transaction starts with the pin of the receiver and ends with the account number that the credits are going to:
1310:1510427757470293
The way these layers are constructed, think of them this way:
1st layer:
Which individuals or persons with productivity credits wish to transact.
2nd layer:
The purchaser is identified so we're saying that 1 gives 2 using the other person's pin which will prevent fraud and corruption by virtue of the fact that this pin is known only by the person accepting the credits. So I said that you were buying something from me for 1 productivity credit:
2567526190129905:1643
The second layer is the transaction here, and in order for the seller to receive his credits he would enter his pin to accept the transfer from the buyer, so that is why he enters his pin against your account number.
At the third layer the buyer accepts the seller's offer, so he enters his pin as 1310:1510427757470293 where the seller accepts the credits and completes the transfer by entering his pin.
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Aside from semantics, the idea is that we can create a store of value for use by private citizens that eliminates the need for monetary resources and separates the citizens from the inevitable failure of fiat currencies due to fiscal malfeasance on the part of governments. The purpose of hex is to create a system that cannot possibly be infiltrated. The pin number requirement and the fact that it is randomly generated and keeps the credits within the system means eventually all monies put into the system don't ever leave because only those who have productivity credits may buy or sell with other owners of productivity credits and this eliminates much of the fraud in our system because these numbers are so exclusive as to be impossible to know without deception, hacking, or fraud, but because no monies can ever leave the system once they are a part of it that means that it is also a more equitable monetary version of global currency. The values of our fiats will fluctuate with supply and demand and the reserve currency generally sees more appreciation and maintains its value better than others.
The mechanism that prevents fraud is by design, the fact that no one may buy or sell once they've committed their funds to this system. Owners of credits will want to use those to produce more credits, and buyers of credits buy first by placing money around $1,000 per credit and once that money becomes part of the system since only buyers and sellers of people who are part of that macroeconomy this eliminates the need for monetary resources, and eliminates fraud such as counterfeiting, stealing of information which is still possible but inside of a system that cannot be diminished itself since only holders of credits may buy or sell the system is robust in that regard in the sense that rather than acting as intermediary the bank handling the credits will always keep its capital but as an intermediary in the sense that the credits cannot ever be turned back into monetary currencies it is possible that the entire world will be united under this system, and this will eliminate the need to have to worry about what our government is doing to waste our resources, cause inflation, and deflation. I think this video from the National Inflation Association explains the problem but has absolutely no power to stop the destruction of our currency.
Please watch:
Inflation Deflation Debate Rages On:2010 Economic Collapse from the NIA on my youtube favorites scrolling down the last to http://www.youtube.com/user/bwolinsky
<iframe width="560" height="315" src="http://www.youtube.com/embed/M0Dh4RVPaWc" frameborder="0" allowfullscreen></iframe>
The point of this video is to explain how deflation and inflation act simulatenously and exaccerbate each other. Since we will never stop printing money until it loses all of its value, the issue with explaining these problems and simply assuming that some rational political person could ever reverse the damage that's been done isn't possible, no matter how much they would like you to think that it is.
My solution is productivity credits, and eventually, as fiat currencies fail the dollar will collapse unfortunately inevitably because correcting past mistakes is not possible and the government is directly responsible for this.
Putting the world's economy into a unified global currency will help in so many ways, and aside from being apocalypitc, anyone who owns paper dollars or any currency for that matter won't be worth a cent because all of them will fail, and even commodity based producing countries will fail eventually too because they will run out of resources. So what's left? United Global Currency in the form of productivity credits that has no need for backing by government entities like the FDIC, SIPC, or from segregation as in the case of a clearinghouse.
This system operates as a kind of clearinghouse and in order to trade you must have at least as many productivity credits as the other person in order to ensure both sides of the trades can make good on their fiscal promises.
When global society recognizes the need for substantative reform of the monetary system, there is too much entrenchment to ever get rid of currencies like the dollar, yuan, yen, etc.
Since every currency has value only to the extent that they are strictly limited in supply the requirement of only accepting productivity credits and not cash means the system will be able to support itself and start a new currency system that should unite us.
As far as saving the dollar the US Government will default and has already defaulted. Why the dollar should be worth as much as it is is the fact that proportionally our dollars printed were printed at a rate that even though it is higher than historical standards other countries have flooded their markets with too many dollars and while their currencies might see some benefit from induced inflation the reality is that only productivity credits will be able to solve our monetary problems because far from being an instrument of corruption the use of these should become mainstream as more people find that they will become unable to buy or sell anything without them.
2 of 3
The mechanism that prevents fraud is by design, the fact that no one may buy or sell once they've committed their funds to this system. Owners of credits will want to use those to produce more credits, and buyers of credits buy first by placing money around $1,000 per credit and once that money becomes part of the system since only buyers and sellers of people who are part of that macroeconomy this eliminates the need for monetary resources, and eliminates fraud such as counterfeiting, stealing of information which is still possible but inside of a system that cannot be diminished itself since only holders of credits may buy or sell the system is robust in that regard in the sense that rather than acting as intermediary the bank handling the credits will always keep its capital but as an intermediary in the sense that the credits cannot ever be turned back into monetary currencies it is possible that the entire world will be united under this system, and this will eliminate the need to have to worry about what our government is doing to waste our resources, cause inflation, and deflation. I think this video from the National Inflation Association explains the problem but has absolutely no power to stop the destruction of our currency.
Please watch:
Inflation Deflation Debate Rages On:2010 Economic Collapse from the NIA on my youtube favorites scrolling down the last to http://www.youtube.com/user/bwolinsky
<iframe width="560" height="315" src="http://www.youtube.com/embed/M0Dh4RVPaWc" frameborder="0" allowfullscreen></iframe>
The point of this video is to explain how deflation and inflation act simulatenously and exaccerbate each other. Since we will never stop printing money until it loses all of its value, the issue with explaining these problems and simply assuming that some rational political person could ever reverse the damage that's been done isn't possible, no matter how much they would like you to think that it is.
My solution is productivity credits, and eventually, as fiat currencies fail the dollar will collapse unfortunately inevitably because correcting past mistakes is not possible and the government is directly responsible for this.
Putting the world's economy into a unified global currency will help in so many ways, and aside from being apocalypitc, anyone who owns paper dollars or any currency for that matter won't be worth a cent because all of them will fail, and even commodity based producing countries will fail eventually too because they will run out of resources. So what's left? United Global Currency in the form of productivity credits that has no need for backing by government entities like the FDIC, SIPC, or from segregation as in the case of a clearinghouse.
This system operates as a kind of clearinghouse and in order to trade you must have at least as many productivity credits as the other person in order to ensure both sides of the trades can make good on their fiscal promises.
When global society recognizes the need for substantative reform of the monetary system, there is too much entrenchment to ever get rid of currencies like the dollar, yuan, yen, etc.
Since every currency has value only to the extent that they are strictly limited in supply the requirement of only accepting productivity credits and not cash means the system will be able to support itself and start a new currency system that should unite us.
As far as saving the dollar the US Government will default and has already defaulted. Why the dollar should be worth as much as it is is the fact that proportionally our dollars printed were printed at a rate that even though it is higher than historical standards other countries have flooded their markets with too many dollars and while their currencies might see some benefit from induced inflation the reality is that only productivity credits will be able to solve our monetary problems because far from being an instrument of corruption the use of these should become mainstream as more people find that they will become unable to buy or sell anything without them.
2 of 3
This replacement of the dollar will give our government some way of getting out of its dollar denominated obligations that are so high rather than completely destroying our economies we'll let the government go bankrupt and if they're smart they'll see this as a solution because it allows them to still offer monetary resources without still being engulfed by the overwhelming amount of debt inherent in any capitalist economy that supports any form of socialization. Socialization does include government welfare programs like medicare, medicaid, and social security but far from being impossible to finance under our current level of obligations only this conversion to productivity credits will allow us to have confidence in the future value of our economies and should provide such greater economies of scale than even the largest dollar denominated asset could possibly bring because fiat currencies are baseless, and when the train stops it will have probably been doing something like in the movie Speed crashing and jumping the track while possibly keeping the passengers safe even though their livelihood is endangered and prosperity is next to impossible when any government prints money simply to pay its debts.
Our debts have become so massive that I'm suggesting recognizing the bankruptcies of every western economies in order to move on to what may be beyond capitalism and this is a form of socialization but a positive form because the nationalist viewpoint is that monetary sovereignty is helpful but not when everybody trades through our dollar as the reserve currency and if the reserve currency cannot ever be prevented from depreciating then this is our only way out, and everybody's way out.
I've thought about how best to explain, and I think the failure of our economies is from corruption. Corruption like the promises of social security. The promises of paychecks to government workers for producing zero value to our society or any other society.
These productivity credits will at first have to trade with outside people, but the end result is to get all of the worlds currencies stacked in a global currency of productivity credits and the use of triple layer hexadecimal encryption will prevent such corruption from ruining the system because inside of it monies earned from work of the old system will store value so much better than what we have today, but in terms of sovereignty it is necessary to propose this at the United Nations because there is no point in waiting for catastrophic collapse of US Dollars, and since I know that it is impossible for nations to truly admit they cannot possibly grow their way out of their problems, their solutions to keep spending are completely unsustainable, fascist, socialist, corrupt, sacrificing for the good of a greater number is as communist as Marx's manifesto so to continue spending is an admittance that we cannot escape from past financial commitments, and even though I might seem crazy for proposing this, it has been pre-ordained since the beginning of time and the objective of so many empires to gain as many inhabitants and resources as possible to finance global ambitions.
If I were to point out this is a little off topic I can say maybe I'll send a productivity credit your way whenever I get the chance. The use of hexadecimal isn't required, but the recognition of economic failure that cannot possibly be averted is what's going to make this plan succesful. I can't tell you how scared I am to be in a position to propose this, out of all the years of financial research I've had to do, by far the best plan ever for solving macroeconomic monetary and fiscal misallocations leading to resources being sent to where they shouldn't be (ie:solyndra) and otherwise using money wastefully.
This is our only option, and I'm definitely in a position to propose it to private citizens at first then eventually once the market for these credits becomes mainstream allowance of limited government use whereas the ability to print money by selling treasury notes will come to an end, but as far as preventing collapse it is not possible but only through massive inflation.
I hope you'll respect these ideas for what they are, grandiose though they may be, I believe this is the future and I hope if you have questions you'll ask me, because I am perfectly capable of finding an IT solution to implement this, without seeming like some nutcase who cannot work from within the constructs of our current macrostructure.
If you want to know what we'll need to do to be as prosperous as we have in the last 30 years then I hope you'll understand it is an idea we will see me try to implement even if it cannot be established as a true currency the point is to provide stores of value outside of the irresponsibilities of governments, and very well could unite all of humanity if it is used positively but as far as crime and fraud prevention it is impossible to hack, and impossible for anybody to ever "steal" anything ever again, and that's by design since it keeps every resource that enters Productivity Credits Card Numbers should be given to all populations at birth like SSN's, only instituting these ideas will require some thought, just as iCAPMAPTCM will even though the foundation is there I am sure that this will be proposed possibly by our next President, and if it is not, it's probably because of the appearance on an options forum but since I seem to be talking about unknown financial topics like options it seems only fitting that elitetrader be the bearer of this great news.
If you know anybody who wants a currency that does not decline in value, which is everybody, then please tell them about what I've written here. PM me, or e-mail. Both are fine, and I hope this explains a real solution that doesn't include financing of government enterprise which is an oxymoron in itself.
The use of these credits is to prevent corruption and encourage equitable fair transfer and store of value which can be implemented as long as there could be a place that might take the chance on these ideas and that place is centered solely around my financial enterprise.
3 of 3
Thank you for reading and please pm me with feedback if you're inclined to do so.
Our debts have become so massive that I'm suggesting recognizing the bankruptcies of every western economies in order to move on to what may be beyond capitalism and this is a form of socialization but a positive form because the nationalist viewpoint is that monetary sovereignty is helpful but not when everybody trades through our dollar as the reserve currency and if the reserve currency cannot ever be prevented from depreciating then this is our only way out, and everybody's way out.
I've thought about how best to explain, and I think the failure of our economies is from corruption. Corruption like the promises of social security. The promises of paychecks to government workers for producing zero value to our society or any other society.
These productivity credits will at first have to trade with outside people, but the end result is to get all of the worlds currencies stacked in a global currency of productivity credits and the use of triple layer hexadecimal encryption will prevent such corruption from ruining the system because inside of it monies earned from work of the old system will store value so much better than what we have today, but in terms of sovereignty it is necessary to propose this at the United Nations because there is no point in waiting for catastrophic collapse of US Dollars, and since I know that it is impossible for nations to truly admit they cannot possibly grow their way out of their problems, their solutions to keep spending are completely unsustainable, fascist, socialist, corrupt, sacrificing for the good of a greater number is as communist as Marx's manifesto so to continue spending is an admittance that we cannot escape from past financial commitments, and even though I might seem crazy for proposing this, it has been pre-ordained since the beginning of time and the objective of so many empires to gain as many inhabitants and resources as possible to finance global ambitions.
If I were to point out this is a little off topic I can say maybe I'll send a productivity credit your way whenever I get the chance. The use of hexadecimal isn't required, but the recognition of economic failure that cannot possibly be averted is what's going to make this plan succesful. I can't tell you how scared I am to be in a position to propose this, out of all the years of financial research I've had to do, by far the best plan ever for solving macroeconomic monetary and fiscal misallocations leading to resources being sent to where they shouldn't be (ie:solyndra) and otherwise using money wastefully.
This is our only option, and I'm definitely in a position to propose it to private citizens at first then eventually once the market for these credits becomes mainstream allowance of limited government use whereas the ability to print money by selling treasury notes will come to an end, but as far as preventing collapse it is not possible but only through massive inflation.
I hope you'll respect these ideas for what they are, grandiose though they may be, I believe this is the future and I hope if you have questions you'll ask me, because I am perfectly capable of finding an IT solution to implement this, without seeming like some nutcase who cannot work from within the constructs of our current macrostructure.
If you want to know what we'll need to do to be as prosperous as we have in the last 30 years then I hope you'll understand it is an idea we will see me try to implement even if it cannot be established as a true currency the point is to provide stores of value outside of the irresponsibilities of governments, and very well could unite all of humanity if it is used positively but as far as crime and fraud prevention it is impossible to hack, and impossible for anybody to ever "steal" anything ever again, and that's by design since it keeps every resource that enters Productivity Credits Card Numbers should be given to all populations at birth like SSN's, only instituting these ideas will require some thought, just as iCAPMAPTCM will even though the foundation is there I am sure that this will be proposed possibly by our next President, and if it is not, it's probably because of the appearance on an options forum but since I seem to be talking about unknown financial topics like options it seems only fitting that elitetrader be the bearer of this great news.
If you know anybody who wants a currency that does not decline in value, which is everybody, then please tell them about what I've written here. PM me, or e-mail. Both are fine, and I hope this explains a real solution that doesn't include financing of government enterprise which is an oxymoron in itself.
The use of these credits is to prevent corruption and encourage equitable fair transfer and store of value which can be implemented as long as there could be a place that might take the chance on these ideas and that place is centered solely around my financial enterprise.
3 of 3
Thank you for reading and please pm me with feedback if you're inclined to do so.
Quote from bwolinsky:
Atticus, there's not a thing incoherent about the explanation here on Productivity Credits.
If reading comprehension is difficult please read about schema, or ask your local high school english professor what incoherence means.
17ZKEEXYRMK8KRJVYXVKX#HHVUQ6AB72KN
You think I wasted precious time reading your gibberish? You read some primer on bitcoin and proceeded to rant. You're too stupid to be dangerous but profoundly annoying.
Now HTF is this remotely on topic? Stick to the topic or fuck-off.
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