Yeah, and then the government spends all that surplus and all services disappear. Come on, man, think further than two months down the road.

You must not realize that in the US currently the government only has until Dec. 12th of this year (that's like 5 days from today) of money left to cover the expenses of the services. After the 12th Congress has to authorize the access to more funds. And that surplus you mention is actually owed...it would be eliminated by the National debt.

You're cynical, it's ok, it's understandable. Government, more specifically politicians, give us a lot to be jaded about.

But, you're wrong (I say this with respect).

The system is driven by the vote. If we organized the ballot measure (which isn't hard) and the people voted for it the government would be legally required to enforce it.

How do you think the recreational use of marijuana becomes LEGAL in Colorado, Washington, Oregon, and Washington D.C.?

It's not a capital offense, it's the People's system. It's beautiful. It only has one flaw, people have to organize and vote for it.

The USA will pay their debts as soon as the People vote the government to do so.

It's as simple (and as difficult) as that.

It's hard to call it stealing in a democracy. The US citizens have the power of the vote and if they wanted to reduce or eliminate the debt or taxes they could vote to do so. Unfortunately, there's not organized effort to pool that voice, err vote, and make that desire a reality.

The government doesn't rule the people of a democracy, they only operate within the freedom and the ability granted to them by the People.

There's no real incentive to pay it off as long as the US can keep addressing, servicing the interest AND they can control the money supply.

What would be really cool though is if a US President centered his platform around reducing the debt, and only that. If he/she spent the 4 year term not spending more money, not introducing new programs, not ignoring all the waste. That would be really historic, they'd be remembered in the history books for such a great accomplishment. Unfortunately human nature has us wired differently. Every president needs to "make their mark in history" and as such tries to introduce some new legislation or plan, even when it's not needed.

Who said IRS wants Bitcoin? What's your source?

So what was the discussion about? What did Andreas say about Bitcoin? How did Rogan respond?

Thanks in advance for the summary.

Since you've made this post there's not pre-meditation, sounds like you're planning to do this, which would also likely make it illegal and increase the penalty.

What country do you live and what are you trying to sell?

In the US people agree to pay taxes by voting for it, people WANT the taxes - the taxes pay for common services that the public and large wants to be provided.

You make it sound like the people don't have a choice, in the US they do. IF the US voters assembled they could vote to have very little to no taxes, of course that would result in the disappearance of all services we have, which would lead to some chaos pretty quickly.

I believe "groups of tens of people" could quite easily be taken over by the government.

Wow! This statement is grossly stereotypical at a minimum and racists at a maximum.

Any facts or evidence to support your claim that people in Africa have "no culture of hard work"?

To the OP, what does the article say?

Lack of access to computers and the internet would be a significant barrier to BTC use in many parts of Africa.

Why do we have to read some article to respond to this thread? Can't you summarize the article, state your thoughts on it and just provide the link as a source...how many ppl actually have interest in going to another site to read an article just to comment here?

Since 2004 it's gone up over 150%. I'm now making over 250% of what I was in 2004. Same industry, different role. 2009 was a no-raise year for us due to the recession.

This issues is talked about a lot but not often side by side with working to find better opportunity. It's a law of nature that there won't be enough of the best "meat" for everyone to catch and eat. Competition is natural and I feel like this requirement in nature is ignored in this conversation. Opportunity exists for everyone to increase their income, complaining only defers action.

Right now Bitcoin is kind of backed by the fiat currency (dollars, etc) we all use to purchase it. At a minimum that's what influences the price, which influences how much goods and services are per BTC.

The reason the Dollar was backed by gold (long ago) is because gold was something tangible (which means you can hold it, it's real), it's finite (there's only so much that exists or has been mined out of the ground), and it's valuable (which means people collectively place a value on it.)

It would be cool if Bitcoin were seen as this stand alone thing because it has a finite volume (only so many exist or will exist once all are mined) and people collectively believe it's valuable. The tangible part is harder to prove or agree on since you can't hold it in your hand but our definition of tangible may need to change in the internet age.

Does Bitcoin need to be backed by anything?

and here's a succinct list of mintage counts by coin by series.

www.spotcoins.com/bitcoins/casascius

interesting question, what makes you think that an explosion in prices is "most likely to happen?"

Are you interested in options investing? (I use the word investing loosely in that sentence.) Options are easier to get into and easier to get payoff from then many if not all of the share mining or cloud mining investment choices.

I'm a new fan of CoiNut.com (see my signature).

They have a great user interface, transactions are quick, and response from them on this forum is VERY quick.

I don't think anyone has mentioned ActionCrypto yet, but the downside with them is that they're not available in the US (or from a US computer), so if you live in the States they aren't really an option for you.

CoiNut offers binary options and I suspect are trying to figure out to make vanilla options possible.

Good luck to you.

Irfan, why are you hassling Wangxinxi? You're currently advertising for a competing Bitcoin options company in your personal message so your opinion on whether and how Coinut is using escrow for their signature campaign payments is irrelevant.

The people that actually join Wangxinxi's campaign can handle getting the information they need to assess the campaign's ability to fund its obligations. And Wang and the escrow agent have been very open with communication.

Your continued comments are just noise...I hope Bit-X.com isn't paying you for your "ummmm thanks" comment, it's worthy of getting you banned from a signature campaign to begin with!