So you are selling a radio that plays social media jazz???

Would you feel comfortable having a multisig/encrypted wallet somewhere on the Internet where you are required to enter a password any time you need to put money on your card?

With a bitcoin debit card the only way I could see someone stealing $700 is if you are about to purchase something worth $700, you transfer the BTC to your card and then someone who cloned it swipes the card before you.

Sweet. So I will be able to have a BitInstant credit card for day to day spending of my BTC, and a BitInstant bill pay for paying my bills.

And if I wanted to I could get my pay check in paper form and cash it at Walmart only to turn around and deposit that cash at Walmart to BitInstant turning it into Bitcoins.

Why use a bank anymore?

Are there any services now or upcoming that will offer a bill pay service?

I am thinking something like, I fill in a form with address and account number with the date and amount to send. Then I get the amount of BTC into the BTC address by that date and it gets sent out as a check.

I would be willing to pay 1% for that. With over $3k in bills every month that would be an easy $30 per month per person for a company to set up.

Look at the fringes of our current system that are outside of our socialized medicine.

Look at the price and prevalence of Lasik eye surgery. It is a surgery not covered by insurance and yet the price gets cheaper, the technology improves significantly and it is offered all over the place.

Imagine the same for every other medical treatment.

Government monopoly on airwaves.

I can choose another garbage company, and another TV/Internet company. When I lived in Texas I could choose between electric companies. Unfortunately here there is only one. My water and sewage companies are local co-ops. Run by committee chairmen voted by members(anyone who uses their service). I do not see why another water company could not come in and compete. This one has just been around for so long that there is not much demand for another one. I ran for water chair last year but lost by 4 votes. It is a very small company.

Where I live, no utility I use is publicly run. All private. Water, sewer, TV/Internet, electric. My garbage service is also private. I used to live somewhere that had a private fire department that was better than any other fire department in the state. My local fire company used to be private until the county passed a law to take all of the private companies over.

The reason it is so hard for people to imagine roads as private entities is because they have not experienced them themselves.

It will likely be like how we all pay sales taxes on our Internet transactions when the transaction is with a company in the same state.

I do that every time. Diligently.

Competing phone companies often share the same line. They 'lease' time for their customers.

Same could be done for roads.

Speech I gave at a local tea party event:

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I consider myself fairly libertarian in my thinking and don't see all that much that couldn't be privatized or left to the free market. From time to time I will bring this up to people and inevitably I get the response...

"what about the roads?"

What about the roads...

What about the roads is so great? Sure, they get you from point A to point B, but they get you there in the most inconvenient way possible. It's like dealing with the DMV on a daily basis.

What about the roads is so great...is it the long waits at red lights? Is it the amount of time wasted sitting in traffic? Is it the fact that roads are so dangerous? According to the CDC, accidents on our roads are the leading cause of death for US teens accounting for 1 in 3 deaths in this age group. The National Highway Traffic Safety Administration reports over six and a half million car accidents per year. A Federal Highway Administration study showed that 34% of serious accidents had contributing factors relating to the roadway. People are literally dying in the streets and yet we put up with it because the government owns the roads.

Let me ask a question...has anyone here ever been in a car accident? Been stuck in traffic? Waited too long at a red light?

Why do we put up with this?

The blame gets shifted to cell phone use or drunk driving. More laws to fix bad government. The real question should be, why do we put up with a road system that hasn't changed in the past 100 years?

For 50 years we lived under a government mandated phone monopoly where we were stuck with the home telephone where we pick up the handset, dial the number and talk to the person on the other end. And we were fine with this. We didn't want anyone to mess with it because it worked. But competition was allowed in and we had more choices. The telephone system got better. Now hardly anyone uses the old system, there are so many better choices out there. The same could happen for the roads.

The next time you are stuck in traffic, you are at a red light or have the unfortunate thing happen, where you are in a car accident I want you to just give this some thought. To just imagine...

Imagine...

Imagine being able to get to work with no hassle and no delays.

Imagine being able to get in your car in the morning and have your car drive you to work on the smart road while you catch up on that last bit of sleep or eat your breakfast or read a paper.

Imagine driving in an electric car that is charged by the road with wireless induction.

Imagine a world without the need for foreign oil.

All of this is possible, the technology is there.

But we are stuck in the belief that what our government has provided for us in the way of roads is the best solution.

It is time we accept alternatives, it's time that we stop accepting the same old roads as a given and allow the free market to offer us more.

What about the roads?

I agree, What about the roads!


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The original roads were not government created.

We were stuck with government controlled phones between 1934 and 1984 too. 50 years of a single company controlling the phone systems.

If roads were privatized, we would go from the single choice long distance we had back in the 80s to the advances we have today.

Perpetuating the government road system is a detriment to transportation advancement and a shame that we are stuck with it.

Now you know of some created by private industry:
http://en.wikipedia.org/wiki/Private_highways_in_the_United_States

How 20th century of them...lol

My statement (Dont use things that come from freedom if you do not support freedom) makes sense.
Your statement (Dont use things that come from socialism if you do not support socialism) doesn't make sense.

Kindly stop using the free market... Thanks

Being the loyal servant citizen that I am, I report any earning that I make in Bitcoins to my tax man. I also never carry federal reserve notes as they have trace amounts of cocaine on them and I am not willing to violate the law when it comes to possessing an illegal substance. I never bet in any office gambling pools and I make sure to inform the police if I see such legal activity going on so as not to be in collusion with such an offense.

Being the loyal servant that I am, I am wondering about the various new ways of converting BTC to dollars.

One being the BitInstant Visa card. You can put BTC in your account and when you make a purchase they convert it to dollars for you. So, what happens if the price of Bitcoins went up between the time I purchased them to the time I swipe my Visa card? BitInstant is the one who converts it from BTC to dollars and pays the merchant. So, do I pay taxes for the extra value gained in the transaction? Does the fact that I converted my dollars to BTC when I could buy 1 steak for 1 BTC then when I go to make my purchase, the value is 2 steaks for 1 BTC. Do I have to now pay taxes on the value of the extra steak? If that were the case, when I make $20 and it can then be used to buy 2 steaks, but then after some time I can now only purchase 1 steak...I cannot take a tax hit for that transaction. So, being the loyal citizen, who pays the taxes for gained value of the BTC?

Or in another case. The OpenPay scenario. You have BTC in your wallet. You go to a store and swipe your card. You pay BTC for your product and it goes into the credit card network. The merchant then decides if he wants the BTC or wants it converted to dollars. Who gets taxed there?

It is pretty straightforward when going from dollars to BTC to dollars. It is even clear for a miner to calculate gained capital minus production costs of selling BTC for dollars. But what about BTC for goods?

I am a loyal servant to my great leader Obama and would never do anything illegal (just to make that clear to any of the fine custodians of this great nation which may be reading this right now). So this may be something that would need to be addressed.

I am not saying that I approve of such careless proposals, but Ron Paul's competing currencies law would probably clear this all up. But I support our current governments laws and would never imply that they should not be followed to the T.

Googletrends!

Google trend thread revisited!

The Bitcoin price is a good indicator of how the google search traffic will be.

Use it at your own discression!