Bitcoin Forum

A big thank you to the big banks, the Too Big To Fail, the Too Big To Jail, the corrupt, the cronyism, the political shielding, the ineffective regulation, TARP, QE, negative IR"S, the naked shorting, the insider trading, the robosigning, the grifters, the con men, each and every last one of you.

Why?

Because you were the catalyst for bitcoin.

Bitcoin was born because of you and the environment you created allowed it to flourish. Your excesses and failures allowed the technology to get a footing. The population was ripe for the picking without really knowing it.

Marvellous.

I understand you are really frustrated by the banks right?

Really frustrated?
He is grateful and happy!  :)

banks are like sex whn you were a teenager (or single/lonely), very frustrating until you bang one and get it out of your system, then you can get on with your life without thinking about it :D

getting it out your system is always best, no point arguing about it.

Would rather not have had the banks being massively greedy and corrupt in the first place to be honest. Everyone has been screwed thanks to the irresponsible actions of banks and governments.

Sure Bitcoin was born partially out of the mistrust of banks and the restrictions they impose on our own money - but this alone tells a story about what is wrong with the world.

Gratitude is only appropriate if it was the banks' (CEOs, boards, shareholders) intention to create Bitcoin as a result of their cronyism. In other words: gratitude presupposes intent.

Edit: Human rationality and human morality comes from our consciousness and therefore a deed can only be moral if it is intentional, meaning that it has started in the consciousness. And since the banks did not intend to foster a good Bitcoin environment, we have nothing to thank them for.

Gratitude is a perfect response:
The "evil" system produced an environment where something better could be created, and for that we are grateful.  :)

politics, government and bank are the enemy.
http://cdn.inquisitr.com/wp-content/uploads/2012/09/718838-julian-assange.gif-e1348713447423.jpg

If having an "enemy" helps us improve, then that is reality.
The thread topic is about being grateful for the amazing opportunities we currently have.

Thought I'd add a thank you to the mainstream media.

Such a biased, compromised, status quo loving industry that you are, filled with vapid party line toe-ing talking heads, scammers and sensationalists.

I've always despised the way you can destroy the credibility of those that threaten.

It has always been said that 'the pen is mightier than the sword', but in a supreme dose of irony, the clicks are mightier than that.

You're an industry flailing to counter the free flow of information and have resorted (for the most part) to fear mongering, especially in regards to btc.

This gets you the hits on your website and some short term gain but in the long run it keeps bitcoin alive and fosters growth.

rant over./

I hope bitcoin can help in a true revolution. It's about time people woke up from their sleepwalking.

after 3-4 years, i think ...

This one speaks wisely. The banks deserve nothing but our disgust.

Do you also thank organized religion for all the crusades, jihads, witch-hunts, burning at the stake, and other forms of unimaginably horrific torture throughout the ages for producing ATHEISM today?  No, you don't.

Fuck the gods, fuck the masters, fuck the banks, fuck the politicians and the corporate laywers, fuck the nation-state dominated world that has been governed by violence instead of reason. All of this trash should be swept into the dustbin of history with great enthusiasm.

It may be one of the reasons bitcoin emerged, yeah. Satoshi even included that one headline in the genesis block, true. But I guess he more viewed the whole thing as some kind of experiment and didn't care that much about the political and economical implications. But of course in the meantime the experiment (bitcoin) attracted a lot of liberal people who, of course, embrace the idea of a deflationary currency not dependent on the success of some bank.

I don't think it's just banks but also payment processors and governments who can easily seize or steal funds. All together they essentially contributed to the birth of bitcoin.

Think in essence I might be saying the same thing as you in a slightly more passive aggressive way. Of course I am not brushing over the fact that millions lost their livelihood, homes, savings etc. i too have lost at their hands. What I am doing though, is marvelling at the fact that their behaviour has been the catalyst for their downfall.

Atheism would be the wrong analogy, perhaps the birth of the enlightenment period would be more fitting. And of course, the enlightenment was a result of the excesses of religion, the subordination and repression of the masses. It produced an eventual positive effect on society, profoundly changing the power structures in society.

With bitcoin seizing funds may become more difficult, but a government could continue seizing your assets or effectively force you to reveal your private keys or otherwise put you in jail for example. It's not a question of what's possible or not, the state retains its legislative and executive power!

yes of course we all say thankyou though it could become retrospectively irrelevant either reactively forthwith or proactively past tense

There's only so long things like these can last before people have enough, bitcoin is just a solution to a corrupt system.


You talk a lot of nonesense.

Bitcoin won't eliminate banks or regular currencies. Even if it ultimately should do so, expecting that outcome here and now seems to be rather delusional, I'd say. We can be optimistic, but should remain at least somewhat realistic when it comes to the expectations we have for bitcoin!

don't try and pretend you didn't understand what i said

and my post history reflects exactly wat you said, is that why you quoted me ?

Ahh yes, I stand corrected. The Renaissance would be the result.

I think we are witnessing something similar now with the birth of the internet triggering a "Neo-Renaissance", the dawn of the information age. Bitcoin is part of that.

Dualism. When one side gains too much power, the other side fights back.

I said about a year ago that they had better let up on their gold suppression or watch bitcoin gain traction.

Well, guess what, assholes, here we are, and bitcoin is gaining traction.

And you'll find that bitcoin is all kinds of worse than gold ever was, easy to hide, easy to transport, easy to assay, hard to regulate, global in nature.

Invention is often born of necessity.

The current system is an unsustainable scam that is 300 years running. This system has absolutely failed everyone in every way except those controlling it.

We needed something to replace this heap of fail. Bitcoin (blockchains) are it.

What you'll actually find is that it's a law enforcement officer's dream. On a small level: yes, it requires no centralized point, and that's great if you want to transport value stores without regulation. The problem is that centralization is required for general purpose use. As soon as you have that, you have KYC laws coming into effect (check out the proposed BTC regulation in NY State from earlier this week). KYC laws + public ledger = much much much better than gold for LEOs (edit: or cash, frankly).

There could potentially be some great things about bitcoin, but anonymity and the death of centralized banking is certainly not one of them. There is exactly a zero percent chance that will happen.

Have you been paying attention to Dark Wallet, CoinJoin, various things like DarkCoin or even just the ability to trade BTC -> LTC -> BTC and vanish on the Blockchain?

Bitcoin might not be perfect, but it's more than enough to enable the step after very very easily.

Nope, centralization is only required for integrating into the legacy financial system, which is only a temporary measure. What were you referring to specifically, as necessary centralization?

Yes, but I think it's extremely unlikely that a) it will still be very easy when bitcoin has reached any level of significant traction, and b) even if it remains easy, most people will not do this which will give the authorities, among many other people, a fairly easy to follow trail. Doesn't mean it's impossible to commit crimes, but it makes it far shittier to just be a regular person.

Mostly that no one wants to manage a wallet themselves, which will have the wallet providers functioning as banks. Tons of other services that will spring up around bitcoin will also provide centralization. It's just like the internet: sure it's "decentralized" but there are still a few key backbones and a few key regulating powers on it.

Dear Gov,
If you could just shut down the Internet so we can build strong mesh networks, that would be great.

Why does everyone say, that low regulation is bad for the rich people and institutions? If you hold a lot of bitcoin you can communicate with your rich friends and influence the market etc. etc.? In germany most rich people are for less regulation (FDP/CDU), the normal/poor people want more regulation, taxes etc and vote for SPD. Isn't that the same?

Well of course that rich ppl doesnt want regulations, as regulations, regullary take their wealth away from them. Regulations and high taxes doesnt have to be bad things. Look at most Nordic countries. They have crazy taxes, but wealth if spread around the country, so everyone is able to live good if they work. Manager get's hes share of a pie, plummer gets it's share of a pie etc. Regulations, if done correctly are not bad thing for themselves. Problem is when regulations are made so they protect rich ppl at cost of poor ppl (which is most common way they are done).

Well hopefully one of the alts can work out the anonymity thing eventually because bitcoin certainly isn't enough.