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The thing that Americans generally have in common is that they are either immigrants or descended from immigrants. This means that they tend to be somewhat more venturesome than average. Either they or their ancestors were explorers, or more motivated and less risk averse than their cohorts.
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I think that the generations and the principle of 'regression to the mean' has pretty much nixed that for us old-timers. We being recognized generally by having Caucasian features. We have a strong contingent of more recent arrivals however, and this spark can be observed statistically in some of their behaviors. Work ethic, propensity for education, etc. Yes, I have Mayflower blood in me, (Capn Standish) and lots of mixing with all that have come since. More in every generation until now. If it continues... Recent activities by TPTB against the citizenry may make it much less attractive going forward though. The bloom may be off the rose. I get asked by many, where to emigrate? Where is the land of the free and the home of the brave? Possibly Southern hemisphere somewhere. Needs infrastructure though, so that is both a problem and an opportunity. |
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Thanks so much  Just bought myself another. Guess I'll hang onto mine until the guy is done selling his. I've seen maybe four Dutchmans since their release in 2012, one being on Ebay for $450, but that was way outside my price range. Nice catch. I am going to have to watch your thread more carefully! Folks are feeding you the deals. |
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The full architecture of bitcoin predates 2005.
Interesting, what's our evidence for this? Forum/newsgroup chat from Satoshi? No. Just something we can discuss sometime though. |
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Or Kraken.
And yet, no one seems to care - it's not like it's hard to get LTC for BTC when you have BTC from fiat anyway.
That's why the "Mt.Gox will adopt litecoin" hope train is pretty much irrelevant.
Kraken is non-US, correct? So Kraken for EU and CoinMKT.com for US? |
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If we are getting into the second wave of interest by the public, then I really could see a LTC rally happen. Bitcoin's price is "too high", but there is this litecoin, "which is the same as bitcoin but like silver to gold and will be worth 1/4th of bitcoin because there will be 4x of them and they are only 2.5 USD and if you bought bitcoins at $2.5 you would be rich now".
This +1 We are still very early in the process. If LTC wants to go anywhere it needs to be in one of the 3 major exchanges, so it can be traded easily. Which is to say that once it is, it will go somewhere so buy now? |
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There are a few more sites popping up that allow for the direct purchase of Litecoins with fiat, so the reliance on Gox is for the ignorant, IMO.
CoinMKT.com, for example. |
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If there are any documentaries that are looking for BITCOIN SPECIE for use in production, let me know.
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A legislative cap will discourage extraordinary measures to save children that are currently standard.
Healthcare = the death business.
The provider incentive is to keep you alive and dieing as long as possible on the highest margin profitable treatment.
The consumer incentive is not to die (which hasn't ever happened).
The secondary incentive is not to be impoverished or uncomfortable.
These incentives will be the same whether it is free market or non-competitive governmental single-payer.
These incentives get a little bit skewed when it is the same entity that pays the survivor benefit (pension/social security) as pays for the healthcare, because there will be an age bias toward killing off those that would collect the benefit and are no longer "contributing".
The question is...
What can Bitcoin do to fix this? Anything?
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Having been all over the world, people are more similar than not, though the political structures and regimes are as different as can be. Stereotypically there are some big differences, which are fine to use categorically, but generally wrong when applied individually. The thing that Americans generally have in common is that they are either immigrants or descended from immigrants. This means that they tend to be somewhat more venturesome than average. Either they or their ancestors were explorers, or more motivated and less risk averse than their cohorts. This is a slight skew to the population from this, often this is a good thing, sometimes it is not. Yes, the US has implemented most of Marx's communist manifesto's and hasn't come to terms with it. Yes, we deserve your sympathy and perhaps your pity. We have a massively burdensome government that is becoming ever more intrusive into our lives and yours, using fear and "terror" to accomplish that, and we struggle to bring any sanity to our polity. We thank you for your help and understanding with all of that, no one is perfect. The miss steps will always be more obvious than any good that may be done. Americans also often blame the people of other countries for that other country's government, this is usually a mistake. It makes little sense to generalize, but we do it. Sorry for that, and will try not to hold it against you when you do it to us. |
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Happy premium discount day!
The price of silver in bitcoin has remained below .175 for two weeks, so we get our premium adjusted to the new level. Yay Bitcoin!
We may be in for another one before too long if this bitcoin rise keeps its pace up and silver stays so low.
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Western Union should buy MtGox.
It would save both companies.
Both will die if they do nothing.
Damn good idea actually. I gotta wonder if it is not to late for one or both of them already though. I've been short NYSE:WU for a while as bitcoin eats away at their business. If they make any major bitcoin purchase (MtGox would be ideal for them) I go long instead. WU would give Gox all the MTL licenses it could ever want and compliance in most major economies worldwide. In return, Gox would give WU a future. Together they would be like localbitcoins on steroids, with branches globally and in most currencies. WU also has the legal muscle to renegotiate the fees owed in the different jurisdictions and has been doing major investment in compliance and compliance workflow automations. It is almost as if they are engaged to be married already. Must not be doing so well on that short.... WU has had a nice stable uptrend for some time now. Its in the money, including dividends, its not a new position. |
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I think it is inevitable that some of the prominent strongholds of the old financial elites will defect and switch over to Bitcoin once they understand they are on a losing side of history. I just don't think it will happen before they try to give a good fight to keep their current entrenched position and extraordinary privilege - and such fight have barely started yet.
We agree, and so I remain shorting WU stock. |
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This is sort of nonsense...
For there to be only a single money, there would be no money, as nothing could be exchanged with it.
All things are a type of money when there are people that exchange them.
I think your getting confused between money and currency. two different things. This comment is almost useful. Money and currency are distinct, yes. Which of the many distinctions is the difference that matters for this analysis? If there were to be only a single money. It would not be bitcoin anyway. It would be time. This is what I mean when I say that for there to be only a single money, there would be no money. |
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"Eventually, says Roger Ver, an investor in Blockchain.info, bitcoin will be able to do everything better than Western Union’s current services, but it will take time for the infrastructure to develop."
Roger is visionary, just not visionary enough...
If WU bought MtGox... MtGox would have all the money service business and money transfer licenses it needs for global operation.
WU would have a future, and Bitcoin would have a global banking operation and a list of places for those Bitcoin ATMs to be useful.
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I like the lab scenario, it's highly likely he ran lots of machines to simulate a small sized P2P network
I believe this also, he would've had to have been almost too insightful with his various "goldilocks" values and also with the innovative distributed database in order to be happy that 0.1 worked well enough, and for none of these values (50 BTC blocks, 2016 block difficulty adjustments, 10 minute average block solutions) to run into trouble in real world use. This mystery of the clue to the construction of the genesis block only highlights this further IMO: Satoshi clearly had a range of self developed software tools that he used to test and develop the system in a networked setting, but only released the source for 0.1 client and the White Paper to the public. This would have been very much a long term project for Satoshi, whether he was tackling it full time or in spare time. He devoted quite some resources to it. He was also highly motivated to seeding the network and concept amongst the public (or at least amongst interested computer programmers). The (still supposed) effort to produce the Genesis Block he wished for via trial and error also indicates strong motivation. Satoshi was working on it for many years before the implementation in 2009 and the whitepaper in 2008. The full architecture of bitcoin predates 2005. |
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This is sort of nonsense...
For there to be only a single money, there would be no money, as nothing could be exchanged with it.
All things are a type of money when there are people that exchange them.
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Also, someone (or someones) ought to take the task of writing up a clear, concise and supported "timeline and fact summary" to brief these folks and speed the process.
Preponderance of evidence in civil matters is important.
Both sides are going to need to do this. Without it getting legal assistance is going to cost you a lot more as you pay for the time, including the time it takes to explain it all. |
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This is going to be an "attractive nuisance"  |
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I have a theory. There is a big player slowly accumulating bitcoins across all of the exchanges. Basically there is a very big, invisible bid wall.
There are more than one. |
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