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2521  Economy / Economics / Re: The current Bitcoin economic model doesn't work on: June 07, 2011, 12:22:31 PM
I just made an account on this forum, and I must admit the ignorance shown here by these fake "opponents" to the currency is nauseating at best. All they can do is reference to past event's and out-dated theory's that simply do not apply to bitcoin. I have been reading up on these coins for 2 weeks now, and to be honest with you, they seem so attractive to me, that my original plan of exchanging them for money immediately as I mine them has gone completely out the window! You trolls are only motivating people who are learning about bitcoins, and who see the pure brilliance behind them, to back them up EVEN MORE. Who the hell says that bitcoins were made to be used as a highly speculative investment ponzi scheme? Maybe the ill-intentioned trolls like Suggestor draw people to these conclusions, and maybe there are people out there trying to drive the "ponzi scheme", but we have to realize that these people simply do not understand the system. They think they can play ponzi with it because they don't believe in the systems resiliency, they think it will either be hacked, or taken down by the government at some point, but they are wrong.

We know this because the system that's been designed is beautiful, and was built with resiliency in mind. Don't you think all of these things were already foreseeable by the developers? Bitcoins are just like any other currency, except more predictable, and secure. I see collapse next to impossible, and the envy that I see in this forum by some stupid people who only wish they would of thought of it(or even had the remote brain capacity to even understand what the system really is) is a truly desperate attempt to shun the brilliance that is bitcoin. Some people thrive on the status quo because they can't see themselves evolving with times, either because their scared, or simply to stupid, and these people are what I call dinosaurs. I am here now, and though I heard about bitcoins a long time ago I have to admit I didn't grasp what they really were until they were reintroduced to me by a friend, and after 2 weeks of steady research (videos,articles,wiki,forums,MSM) I can honestly say you guys have my support 100%. I am here, remember that, and there a millions of us out there who support you and don't even know it yet. These people (like me) will invest in this economy JUST TO PROVE THE TROLLS WRONG. I believe in my heart that the developers, and the community as a hole has nothing but good intentions in mind for this project.

We truly don't even need the government backing us, or anyone for the matter including MT.GOX or any of these exchange markets. The key lies in strengthening our economy and I am already seeing it happen right before my eyes. I mean look at bitmunchies.com for god sake. The idea is genius, I can't wait to start saving hundreds of dollars on groceries just by buying from bit munchies.  They even got Chefboyardee  Grin

You have to be a fool not to know the true value of what has been built here. I do agree with some people that bitcoins are actually worth even more than they are trading for now, and while that may seem hard for anyone to imagine it's totally feasable. First you have to admit that FIRST MATTERS , if it didn't there would be no Bill Gates, Steve Jobs, or even dare I say Barack Obama.

YOU CAN BUILD A WEBSITE LIKE AMAZON.COM , BUT IT WILL NEVER BE AMAZON.COM . GET IT?

FIRST MATTERS NO MATTER HOW MUCH YOU TROLLS BRING UP COUNTER CURRENCY'S THAT DON'T EVEN EXIST YET, AND THAT ARE ALL FLAWED IN THEORY ANYWAY.

This system relies on three very basic things that I think are notable:

1. It's decentralized, to the point where no single entity can take over all of the nodes. If I read correctly in a previous post,the top 500 worlds super computers can't amount to our nodes, making it virtually impossible for anyone to shut us down. They would be better off investing their time and resources mining, and using it to back up their own reserves...
2.It's predictable, sure there will be bumps down the road, and I expect the market to fluctuate viciously. But they will never be able to stop people from using them for goods and services. And once again that is the key to this projects survival.
3.It's intelligent, I know its hard for people to humble themselves in this new "modern age", but for FFS you gotta admit when something is smart, and has the potential to change this entire planet as we know it.

That is my 2cents, see you guys around the forum, I will def be showing pictures of the rig I am going to be building this week for mining. I am also going to be putting in the little savings I have into all bitcoins. YEAH I'm putting my money where my mouth is, and even if the market fluctuates, I truly and deeply believe in the end result, that none of you will be able to stop. God I'm loving it  Cheesy !

And BTW I'm a Democrat, you don't have to be a conservative, libertarian, or anarchist to believe in this system. If you ask me it's a PERFECT check/balance to the current monetary system that we have now. It will finally put accountability back into the equation that bank's and world governments can't control, something that is purely ran by the people, and that will only make the existing monetary systems stronger, because then they will finally have true competition, and start taking their debt/taxes/budget management ALOT MORE SERIOUS.

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