well not really, see individuals do not really hold that much wealth compered to the state, and state instituions. It takes over a trillion $ a year just to keep NY state education system going, See Mr. Bloomberg on point when he responded that his wealth was just a drop in the bucket, if that in response to why he did not just fix the state education system. As Bloomberg said people do not comprehend the scale of public monies. For example Bill Gates has collected $10 off everyone for a OS, which is really nothing compared to your daily cost of living every day, day after day. The redistribution of the private wealth is like changing a round error to the distribution of wealth. The problem is people have been educated to look at the "new gods" gates, Zberg, Jobs" and aspire to be and are told to aspire. This is the biggest lie ever. In fact there are many people smarter and harder working, it just came down to being in the right place at the right time. If Jobs was born and lived in siberia, it wasn't going to happen.

The idols are held out to perpetrate the myth that you too can achieve this sort of wealth or even a minute fraction of it if you work hard, come up with an idea. This message is made out in many way some overt some subtle, eg school, movies continually tell you you can win out, and be what you want. The reality is the system is completely stacked against you, by historical advantages, vested interests, and  quota systems of Unversity as state regualtors from fields licensed fields of work, mainly in health, which in fact eats up perhaps the largest share of Govt spending in many countries, in combination with education.

There is so much in error, the more I look the F....ked up it is.

Orwells comment

"If you want a vision of the future, imagine a boot stamping on a human face - forever."

has never been more true, except it is worse than he imagined. The boot turned out to be invisible, so you can see everything you cannot have, and are told that you have to much. You are told you are free and so it is your fault, the government provided the freedom so you made your own choice, the government thus has no blame.

The Justice sustem is a farce, excluding the majority in many ways.

Look at books like "afluenza" complete rubbish, we get trinkets, plastic crap, yes too much of that. The real value things however health care, houses, access to opportunity become less obtainable every passing year. And they are so easy to solve. Eg why oh why we do not learn medicine as a core subject for ages 8 - 18 would allow us to treat ourselves much more competently than any GP could ever hope to. The saving by prevention would be massive. It would be the biggest leap forward in human health probably ever.

Bitcoin at 1 million a coin, will still not be that much, but it will be a start. Consider that Forex in London does 1.6T day and about twice that globally a day.

Consider that every venture to date has required someone stand infront of a bank, or the already wealthy and beg/obtain money. Gates, Zberg, Jobs and any one else you care to name all relied on a bank somewhere or the already wealth to give them FIAT, gold or whatever to get of the Ground, except of course Satoshi. What Satoshi has done, is incalculable. I think some one else would have hit upon a solution eventually, but the idea of "satoshi" rather than the individual. This is the closet think we have had in a long time to self actualisation and escaping from the invisible boot, and also the invisible hand, the latter because we will all become the invisible hand. At 1 million the transfer of wealth occurs in the private sphere. The interesting thing a good proportion of those who first got in and held to this point will be the type to actually make the whole system stronger.  Bitcoin is uniquely self reinforcing, in a way nothing else has been. I am not saying Bitcoin will do it, it could be an alt, but the idea is out, and proven to be be able to go to $10B Mkt cap. Just a few years ago this would have been laughed at by everyone who "knew". This is a watershed for human history, it will probably go down in history as one of the most pivotal moments.

soooo, Gareth.... interesting day at the office?

a question though, since you deal in FIAT to buy things you are effectively stealing from others by every transaction due to  nature of FIAT. FIAT steals work/value from individuals.....by a myriad of scheme e.g. no competition of currency, differential of taxation, quantitative easing, only state issuers. It's merely we are educated to look upon the en-masse stealing of use of state issued FIAT as legitimate.

I know what you mean by "stealing" and I agree, but thats a very obvious clear form of stealing that is no where near the stealing/acquisition of value and wealth transfer made by every transaction by every FIAT actor.

this would diminish the presumption of innocence. A cardinal feature of rule of law/justice.

chargeing someone is not a conviction

When it comes to the operation of Law, the Govt has a million ways to get you, arrest you charge you and then the courts to find you guilty.

don't take my word for it, here's a D.A. on point.

http://www.youtube.com/watch?v=6wXkI4t7nuc

Given the scale of money laundering that goes through major banks, and that some people high up eg CEO level must know something about it, yet they never seem to be arrested fits with the status quo of the whole "Bankster" Govt, arrangement.

The military industrial complex was said to be feared, we now have a new system, Banking/Gov/debt  outsourced slavery/ mass servitude complex.

No matter what you don't or do do, there is almost always a way to find you guilty because you will have contravened a law at some point, retrospectively impartiality of the judiciary and the rest has nothing to do do with it, They simply don't function. The Armoury of the sate is unlimited and built on your tax/money devaluation, then used against you.

this is the nightmare situation....I really feel for you....

have to invest in computer that never goes online and signs transactions.

yes, of course BTC or PeerCoin will do it, a more relevant/ interesting question at this point is will it reach 1 million a coin.

Just noticed this in the LTC presentation, LTC adopting doge meme....

I like both and hold both and just noticed this.

I thought Fontase was a rip off of fontas

eg one of the fontii as I coined them (the hydra form of fontas, cut off his head and 2 more will grow)

1BTC worth of PeerCoin last FEB 2013 would be worth near 20 BTC today.

Peercoin will bet about 0.05~0.1 BTC by end of 2014 if not higher, and at least $100 each, likely will go over LTC this year.

People don;t realise it bu there are much less Peercoins being produced that LTC or BTC now

people don't get that the big money is not in retail depreciating assets, essentially ebay, amazon and new egg, sell 95% junk and 100% depreciating assets. If anything they sell down the price as your currency is exchanged to fiat by bitpay.

Peercoin is aimed at appreciating assets, long term store of value and back bone currency.

This is super high value and actually useful. For big purchases, currency swaps, asset backing, off chain backing, balancing the nightly.

for this you need $1 mill per coin.

PPcGAbX5ZyjNtbCLX6uvHJcCQMxjc3JLNk

whats the story here??, and who's this other person with the robot t-shirts lost 70+ BTC?

there is no issue with the fund raise. People are free to spend their money as they choose

also who said it occurs in us jurisdiction.

PeerCoin hit its low just then, (look at zoomed out graph). It was going up anyway, to at least 0.01, soon.

This news is the icing on the cake. You realise how great PeerCoin is when you download the block chain and its so quick!

isn't that what an OS does?

Ever wondered how to explain BTC's effects on FIAT [once BTC reaches critical mass / [it's] Schwarzschild radius ..., which may have already passed]

now you have it....

....Fiat in the event horizon of BTC....

Fiats not coming back

retailers don't matter that much, they don't make much money nor are they that larger part of the economy, they are small money depreciating assets. The real money, big end and backbone is in apreciating asset classes and currency backing/swaps/balancing the nightly/forex

eg forex in London a day is around 1.6T, that just blows retail out of the water

wall street is imaterial except for the fact all the value is being sucked out of their Fiat in the event horizon of BTC, the ones that don't get it are extinct

hardly anyone sells, you looking at 10% ~ 1% of that.

another guy with no idea

John Stephenson, portfolio manager at First Asset Investment Management, says that Bitcoin's price is driven by more than rational fundamentals, despite recent acceptance by some.
"Every time a new vendor comes on, that's positive for Bitcoin," says Stephenson. "But, the reality is this is just a total mania; there is absolutely nothing behind this."

1st they don't understand this competition of currency, something that no stock, bond or other trade can even comprehend or has experienced they are confined to currency

second, the block chain tech can replace about 1/2 of the worlds entire banking system, buildings servers, it costs, employees etc, that alone gives it a value of 2Trillion plus.

Think of all the money banks spend on, buildings, IT, employees, land, servers etc etc, thats at least 1T a year

there just one point, bam easily 2T market cap.

no PeerCoin, I will not trade