I would personally suggest trying to push for more "clean" and legal ideas (as in not gambling or other grey-market things).
Bitcoin needs more press and publicity for legit non-sketchy things. It doesnt really need any more of a reputation for being a drug and gambling currency if our end game is to get larger mainstream usage down the road.
My thoughts exactly. Sometimes I feel like BTC's worst enemy is its own user base. Agreed, I think Bitcoin is used in to many illegal things. Such as gambling and SR. It is used in many illegal things for a reason. And the more things become illegal, the more illegal things will be using Bitcoin. Imagine the extreme scenario. A 1984 type of environment or jews under Hitler's Germany. Imagine trying to buy a bible or a book that is not authorized by the dictatorship. Or imagine trying to buy a loaf of bread beyond what you are allowed to buy even though your family is starving because of rationing. You would not use a credit card or use your bank account for such a thing. The regime would be able to track your purchase and punish you. The best way to do so would be to use Bitcoins. You could do so anonymously and not be tracked by the oppressive government. As it is now, there are only a few things that the regime has deemed illegal to purchase such as drugs and gambling. Same thing, you use Bitcoins because you cannot be traced. They have an advantage in that aspect beyond all other payment systems. As governments become more oppressive, Bitcoin will fill that role. There is an advantage to using it for such things and thus the market is responding. Once there is a large enough advantage to using Bitcoins in our day to day purchases, it will fill that role. |
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Here is an idea that I just thought of.
Start an investment in Bitcoins where you promise to pay people a certain percent each week say 5-10%. As people start investing, just use those new investments to pay people that 5-10%. Eventually it will become popular as so many people are getting such a steady and good return on their investment. The money will keep flowing in more and more and you will get more and more Bitcoins.
Many people will be happy and you will be rich.
Or another idea on how to get a lot of Bitcoins would be to get a large boat and sail it on the high seas and attack other boats, board them and steal all of their Bitcoins as you go port to port and have adventures and swashbuckling.
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No mention of bitcoin because it is all in jibberish. |
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I believe that Satoshi staying anonymous is the best thing for Bitcoin and likely best for Satoshi.
Sometimes when someone has a great idea and you cannot beat the idea, it is easier to attack the character of the person who had the idea.
"You use Bitcoin? You do know that the creator is a huge racist/homophobe/anti-semite/pervert/<insert your slander here> don't you?"
MLK - womanizer
Mohammad - pedophile
Ron Paul - racist
Thomas Jefferson - slave owner
etc...
one heck of a random group of people there..... Just people I could think of off the top of my who had an idea or principles that were attacked not on the beliefs but on the person's character. |
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Most Daily Paul folks are very gold bug oriented so their hostility toward Bitcoins comes from that angle as opposed to those who see the dollar as a valid currency.
Getting past the "I want something I can hold in my hand" mentality is a big hurdle.
The best approach for that is the fact that if the government gets so bad that you have to jump ship, they are likely searching your bags on your way out taking any gold you may have on you. But with Bitcoin you can just memorize your key or put it on a piece of paper and you are all set.
Then the "what if there is no electricity" crowd pokes their heads in...
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A shave and a hair cut used to cost 2 bits ($.25).
Now you could get the same for $25.00.
That is a 1,000 times increase.
1 BTC is currently $14/BTC.
Why is it unreasonable that it too could not have a 1,000 times increase? Your example is of a 1,000 times decrease in value. A 1,000 increase in the value of a "shave and a haircut" (with regard to the dollar). Am I the only one here who sees the math mistake which keeps getting repeated over and over? You are all talking about a factor of 1000 when it is actually a factor of 100! lol...oops |
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So Bitfloor still takes ING p2p deposits? I was on their site and could not find it.
I am currently at work so I cannot access the page but could someone show me where I go to do this?
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In the future kids will be too busy flying cars and eating space cheese to worry about breaking an encryption algorithm.
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I always answer 'ahoy' as Graham Bell wanted.
Do not deviate from the proper phone answering words!
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A shave and a hair cut used to cost 2 bits ($.25).
Now you could get the same for $25.00.
That is a 1,000 times increase.
1 BTC is currently $14/BTC.
Why is it unreasonable that it too could not have a 1,000 times increase? Your example is of a 1,000 times decrease in value. A 1,000 increase in the value of a "shave and a haircut" (with regard to the dollar). |
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A shave and a hair cut used to cost 2 bits ($.25).
Now you could get the same for $25.00.
That is a 1,000 times increase.
1 BTC is currently $14/BTC.
Why is it unreasonable that it too could not have a 1,000 times increase?
You focus too much on the value of 1BTC.
They could have just as easily called 100BTC "one bitcoin". or .001 "one bitcoin".
In your scenario of the richest man buying all of the Bitcoin of the world...
What would happen if Bill Gates advertised that he was buying all of the Bitcoin of the world? Would you sell your 1 Bitcoin to him for $14/BTC or would you hold out for more? How much would you sell it for if he had all Bitcoin except for your 1 BTC? Would you still only take $14? Or would a couple of million dollars be worth it?
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It would be easy to pay the $30/year subscription for meetups that are losing their subscriptions. You get an instant e-mail list of a bunch of liberty supporting folks.
I am a member of my local Ron Paul meetup. They mainly just send out e-mails now about every other thing that the government is doing wrong.
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I believe that Satoshi staying anonymous is the best thing for Bitcoin and likely best for Satoshi.
Sometimes when someone has a great idea and you cannot beat the idea, it is easier to attack the character of the person who had the idea.
"You use Bitcoin? You do know that the creator is a huge racist/homophobe/anti-semite/pervert/<insert your slander here> don't you?"
MLK - womanizer
Mohammad - pedophile
Ron Paul - racist
Thomas Jefferson - slave owner
etc...
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I don't get how Caucios coins blew up so fast. I mean anybody could make physical bitcoins and sell them, I don't get how he's on Bitcoin Wiki and everything.
OT: I'd definitely buy one of these, basically like a Physical Bitcoin Wallet aha. It'd be cool if there was a bar code, and then the BTC are loaded onto the card, so the only way to actually spend the BTC is if you had the card, and then there could be other security features added like a pin. iPhones, Androids, basically any phone with a camera have Bar Reader Apps to check prices on items and compare, so something can be developed.
Casascius came up with the concept of creating a holographic sticker that could have the private key imprinted on it and the coin holder would need to strip off the sticker in order to retrieve the actual bitcoin value. It is not like he just stamped out a bunch of brass coins and sold them as "physical bitcoins". And it was not really a business venture meant to me hugely profitable, more as a way to help bitcoin in general. He's on a lot of things related to bitcoin because he is involved in many things. |
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1: Knock Knock
2: Who's there?
1: CP
2: CP who?
1: You'll never be able to mine Bitcoins that way!
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If ASICs are being sold at a pace by 2015 where every Bitcoin miner is using them, then the ASIC companies will have enough money to re-tool the mining rigs and start selling upgraded versions a lot faster than they are now. They will have vetted out most of their processes by then and have staff to push it through.
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I do not have my cell phone with me but I had two that I checked constantly.
One was a Bitcoin price app and another had Bitcoin news. Basically an rss feed from somewhere.
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Capitalism.
I do not entirely agree on this point though I understand your description.
Capitalism - an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.
I do not see Bitcoin as an ecnomic system. Bitcoin is more accurately, capital itself. Also when considering mining pools where many individuals cooperatively produce wealth it goes against the definition. Bitcoins could just as easily be used by a communist country that forces people to pay Bitcoin in order to stay out of jail.
You could change it to just say "property: that which a person owns; the possession or possessions of a particular owner".
Bitcoin could just as easily become public property as it is private property.
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