I think Bitcoin is going to rob gold of approximately 80-90% of it's value within 5 years. I think Bitcoin will act as the safety net for every nation state fiat-scrip implosion over the course of the next 50 years, or until fiat scrip no longer exists, whichever comes first.

I also don't think anyone can accurately predict when any given nation's fiat scrip will implode. But we know they all eventually will. No empire lasts forever.

They will indeed have a great deal to say. But for the first time in history they can't say it while pointing a gun at the competition.

And with each passing day the world will listen to them less and less. With each new financial crisis the world will get sicker and sicker of hearing their lies.

With each new violent act the world will tire more and more of supporting their blood money. The banksters' days are numbered friends, believe me.

This is the end for them. A total paradigm shift. This is the beginning for the rest of us. Take heart, brothers and sisters.



We are the future, and they are the past.

Jump to the 3 minute mark for the pitch (a "special report" on gold they're trying to sell you).

Or better yet, don't waste you're time watching this garbage. It's an advertisement and sales pitch posing as an informational video.

The future isn't going to involve gold any more than it will involve horse and buggy or steam ships.

Laws designed to protect the monopoly of the massively profitable banking cartel. Don't fuck with the banksters, cause they own this country.

Until Bitcoin renders them obsolete, anyway.

https://www.youtube.com/watch?v=JszfLU4ysEM <- Watching now and will tentatively add to list because I like you.

It's mostly just for fun, but also to push the World Citizen concept. Also pushing class consciousness (especially for Temporarily Embarrassed Millionaire Americans) and solidarity. As well as the importance of compassion now, at the dawn of humanity's Age of Empathy.

“Nationalism is our form of incest, is our idolatry, is our insanity. 'Patriotism' is its cult... Just as love for one individual which excludes the love for others is not love, love for one's country which is not part of one's love for humanity is not love, but idolatrous worship.”
-Erich Fromm, The Sane Society



P.S.
The Empathic Civilization RSA Animate

Thanks for the tip, I removed that link

Updated the OP, added:

Blog article - Bitcoin: Economy of the Eternal Now

article - Why You Should Care About Bitcoin: Money is going digital and it is impacting the biggest growth industry of the past 75 years Medium.com from Sept. 2013

article & links - Accelerated Learning for Bitcoin: How I got up to speed on bitcoin in about a month. Medium.com from Nov. 2013

video - Jeff Garzik TED talk - Bitcoin the Organism

video - Andreas Antonopoulos on Bitcoin | Maker Faire 2014

video - Bitcoin 101: Why Bitcoin's growth is normal

video - The Evolving Digital Commerce Ecosystem

video - Bitcoin can fulfill the role of cash in a digital society

video - Bruce Fenton: Bitcoin and the New York "BitLicense" proposed regulations



Bless all forms of resistance,

Yours in compassion and solidarity,

World Citizen Beliathon

Correction... we ARE our own banks.

I don't feel like I am being bled dry. But then again, I went all in before China.

Too true. For those who can't find him on the list, it's because he's way down at #81. Do an edit -> find "hearn"

Recommended watching: https://www.youtube.com/watch?v=qHUPPYzzZrI

Look at the remittances market, that alone is worth over 500 billion a year. And mark my words, Bitcoin will eat every penny. You know why? Because Western Union and the others are parasites who steal 20-30% of the money they process. 20-30%! It's outrageously greedy price-gouging highway robbery.
How long until people realize they are needlessly throwing their hard-earned money - and these are POOR people we're talking about here - down the toilet? They will ALL switch to bitcoin, just like EVERYONE stopped using Blockbuster video to pay $5 for one movie rental once Netflix came online.
This will happen sooner rather than later, because people prefer to have money rather than throw it away.
--> http://www.coindesk.com/philippines-startups-fulfil-bitcoins-remittance-promise/

Iran exports around 200 thousand barrels of oil to China every day. That's $20 million worth of oil being exported every day. The Iranian and Chinese are not idiots. So there is or will emerge at some point a HUGE MARKET DEMAND for being able to transact $20 million of value in cyberspace every day.
The daily volume currently traded in Bitcoin is MINISCULE relative to the potential volume. A tiny fraction of a fraction of it's potential use-cases. Ask yourself how much the bitcoin price would have to rise to make the daily volume $20 billion, for example.

Now look at cash transfers in Africa, look at MPESA, http://www.economist.com/blogs/baobab/2014/06/cash-transfers-africa
Look at the situation in Argentina. https://www.youtube.com/watch?v=e__m-w4N7NI

Point is, there's a cornucopia of industries, services, dire situations, and absolutely awful inflated, worthless fiat-scrip currencies just BEGGING to be swallowed up by Bitcoin.

The only question for each of them, is when. Not if, when.

USA = ,
EU = .

Correct.

Recommended reading: http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/
Recommended watching: https://www.youtube.com/watch?v=qHUPPYzzZrI

Look at the remittances market, that alone is worth over 500 billion a year. And mark my words, Bitcoin will eat every penny. You know why? Because Western Union and the others are parasites who steal 20-30% of the money they process. 20-30%!! How long until people realize they are needlessly throwing their hard-earned money - and these are POOR people we're talking about here - down the toilet? They will ALL switch to bitcoin, just like EVERYONE stopped using Blockbuster video to pay $5 for one movie rental once Netflix came online. This will happen, because people prefer to have money rather than throw it away.
--> http://www.coindesk.com/philippines-startups-fulfil-bitcoins-remittance-promise/

Iran exports around 200 thousand barrels of oil to China every day. That's $20 million worth of oil being exported every day. The Iranian and Chinese are not idiots. So there is or will emerge at some point a HUGE MARKET DEMAND for being able to transact $20 million of value in cyberspace every day. The volume today traded in Bitcoin is EXTREMELY LOW relative to the potential volume. A tiny fraction of a fraction of it's potential use-cases. Ask yourself how much the bitcoin price would have to rise to make the daily volume $20 billion, for example.

Now look at cash transfers in Africa, look at MPESA, http://www.economist.com/blogs/baobab/2014/06/cash-transfers-africa
Look at the situation in Argentina. https://www.youtube.com/watch?v=e__m-w4N7NI

Point is, there's a cornucopia of industries, services, dire situations, and TERRIBLE inflating worthless fiat-scrip currencies just BEGGING to be swallowed up by Bitcoin.

The only question for each of them, is when. Not if, when. As far as I'm concerned $100,000 per bitcoin is a conservative estimate. We will see it before 2020.

This statement ceased to be true the moment Bitcoin first came online. Now there is only one investment that will outperform every other in history.

You need to read this: http://trilema.com/2014/the-woes-of-altcoin-or-why-there-is-no-such-thing-as-cryptocurrencies/

There can only be one, and Bitcoin is it.

P.S.
http://trilema.com/2013/things-that-matter-these-days-things-that-dont-matter-these-days is a related and also very excellent read

Only 2.3 million people have seen this. https://www.youtube.com/watch?v=iFDe5kUUyT0
Even if you assume 100% of them are Americans, that's less than 1% of the population

1.6 million people have seen this one: https://www.youtube.com/watch?v=tGk5ioEXlIM

Fortunately, this one at least has been seen by 15 million and counting: https://www.youtube.com/watch?v=QPKKQnijnsM

Young people today spend more time learning online by pictures and videos than any generation previously.

I hate when people are both younger than me and also more successful... but I can't hate anyone involved in working with Bitcoin, a technology that will without any doubt make this world a better and more peaceful place for humans to coexist.

I'm fond of Hive Wallet, but bitcoin-qt is just fine for most. Coinbase is another option if you're from the USA.

I hear a lot of good things about Electrum and Armory but have never used either myself.

Shit, does this actually work? Cause I could use some free money.

One of these graphs has 1,200 data points. The other graph has 1 data point. Which do you think is more useful?

Exceptionally intelligent folks are also better at pattern recognition than the rest of the population, which is why they tend to spot trends early, long before the rest of the herd catches on.

Indeed. The beautiful thing, is what you begin to see when you extrapolate those curves outward a bit..



Difficulty, hash-rate, and adoption all look like this.

Price follows sooner or later, it's a mathematical inevitability. Demand is going nowhere but up, while supply becomes more and more scarce (hashing difficulty).

This ain't rocket surgery folks.

I believe bitcoin will replace fiat, and statistically speaking there's an approximately 93% chance I'm more intelligent than you.



Take from that what you will.