Actually, cryptocurrencies may well be the future -- for governments as well as us.
Governments love power... so I believe they will take the opportunity to embrace and extend cryptocurrencies. To the point that libertarians hate them.
You're a bit late!  They already have payment cards and non-cash transactions (free of the "inconveniences" Bitcoin comes with)...  |
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We do not live in a totalitarian system, despite what Libertarians will tell you. We still have a free, if unequal, democracy.
Heh, what's it smell like? These "free democracy" folks always forget how gold was forbidden by Roosevelt in 1933 But I never fail to remind them of this unfortunate fact... |
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All this talk of bitcoin being banned in the U.S.
Newsflash, BTC is not getting banned in the U.S. That is about as obvious as the noses on our faces. We do not live in a totalitarian system, despite what Libertarians will tell you. We still have a free, if unequal, democracy.
I'm not saying BTC is getting banned in the US. Actually, I said if it was banned (read, would be banned)... |
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I'm not saying they should drop their national currencies. Just that they don't move to ban the use of crypto currencies. They just take a hands off approach and allow it to develop and run its course.
Plenty of countries have already done that. The most friendly one being Germany I believe that declared Bitcoin private money. Any substantial displacement of some local currency with Bitcoin would mean proportional devaluation of this currency. And you still insist that governments will be nodding approvingly or just stay impartial? While Bitcoin remains some analogy of gold, it makes no sense to ban it. If it enters circulation in any considerable amount (which is very unlikely due to Bitcoin's nature) i.e. becomes a currency, there will be |
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The China/America thing was only to illustrate a point. You also have Europe, Russia, Africa, South America to consider - Basically all it takes is one country to say, 'fuck it, we love Bitcoin - do as you please' and they become the hub of all Bitcoin activity overnight. Then the fact that Bitcoin will still be functional in every other country means that there will probably still be people in those countries using it regardless of legality (as is observed with the prohibition of cannabis, for example)
What you say in pratice would mean that all those countries should drop their national currencies (or at least put Bitcoin on a par with them which would mean they don't value their own currency). How come? I'm not saying they should drop their national currencies. Just that they don't move to ban the use of crypto currencies. They just take a hands off approach and allow it to develop and run its course. I got your point... If it is banned in the USA, the ban will have devastating repercussions throughout the world. This in effect would mean that you won't be able to legally buy Bitcoin for dollars (even if you are buying outside the United States), with all ensuing consequences thereof |
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придет добрый модер и всех наградит бананами  Кое-кого можно и на пожизненную диету посадить... |
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I don't see why stunna is lowering the price, even though bitcoins is 300 dollars. Whatever the price is, I still bet the same amount. I bet around 0.1 when it was 100 and I still bet 0.1 even though it's 300 dollars. Your revenue should pretty much still be the same no matter what the price is. This is just my opinion.
Probably, number of participants increased? |
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Wow deisik, you surprised me. Your two most recent posts were astute. Indeed the First and Second Industrial Revolutions. And now we are in the First Computer Revolution which is maturing towards the coming Second.
Don't really care about your opinion, you just think too much of yourself really... Also, I didn't say anything new, and if you think that you did... then lol |
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Also, the time period you mention was marked by a train of successive economic crises at the end of each economic cycle, which had finally led to the war in Europe (known as WWI) and Great Depression in the USA. After that the gold standard was de facto dismantled
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The most productive period per annum in the history of mankind was 1871-1913, the time of the gold standard. (Disagree?) - Money supply was not only bullion, it was augmented with real bills. (Real bills can be implemented with bitcoin, if bitcoin is the quote currency.) - Debt was kept in check by the natural mechanism as debt was not money, only bullion was (and real bills acted as money without strictly being that). Actually, it all started in the early 19th centrury and primarily was due to technological advances (electricity, chemistry, railways, etc) |
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If I spelled it out for you, then I couldn't accomplish my goal. Yet I already told you upthread what my goal is; you are not paying attention.
You told me?  |
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He as a beta-male is still following his notion that the alpha-male is the one who the group kneels down to, so he is testing whether I have that political power. He doesn't understand the real alpha-male controls without being seen, because he is more rational and understands the game theory better than the beta-males do.
So what are you doing here? |
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How old are you? 49 Do you understand that with all that elitist alpha-male attitude you actually look ridiculous? Should we necessarily know about your inferiority complexes? |
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When I talk modestly, you don't pay attention. When I talk forcefully, you don't read and then try match your beta-male ego to my alpha-male. So what do you expect us elite to do? We have no choice but to manipulate you because you are not rational.
How old are you? |
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I need to be honest and point out that all the posts in this thread other than mine are batshit stupid nonsense. Sorry guys, but the elite are just laughing at you because you are such dumb cows and so easy to fool. Now let me try to explain to you, and hopefully you will slow down and try to grasp this. If not, you will have proven that the elite are correct about you and your deserved future.
<skipped the rest>
I think you talk too much with too little modesty (though I personally agree that Bitcoin's future is rather uncertain on a world scale) |
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Highly improbable but they are going to try
Dinosaurs are not in the habit of standing by idly while birds replace them
Birds didn't replace dinosaurs, they are dinosaurs which managed to live up to the present day |
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Ok guys, I lied. I gambled my winnings and doubled up  . I am now convincing myself not to try it again :p Why should we now believe you? Never trust a gambler . I guess you know what we trust in... |
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Ok guys, I lied. I gambled my winnings and doubled up . I am now convincing myself not to try it again :p Why should we now believe you? |
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I was wondering if someone had hit the top jackpot yet. Judging by the number of hits and players I'm sure there have been many times of 10000 rolled! Unless probability distribution is screwed... |
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Yes, folks... THAT WAS THE "CRASH."  Also, I was wrong. I said $400 on Tuesday. It's Wednesday and Gox sits at $400.70 as I type this. Go Bitcoin! I stake at 500$ |
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