Wow, this is impressive!

It means they are much more than the average terrorist organization. They don't believe in foreign paper money so they will mint their own proprietary metal coins. Did I read out of gold? Boy, ISIS is going back to the gold standard! They might become hugely successful if they do that.

Not everyone. I don't. There's more economic growth and more opportunities in the third world than in most of Europe. Note also that many rich countries are close to collapsing, with huge and ever growing budget deficits. A few people are effectively getting more than they should, but most hard working people are wasting their lives contributing to a dying system. I encourage them to move and evade tax to get a better life.

We need to make the difference between necessary and useful.

There's another topic about a central bank, that is totally unnecessary and it would be totally useless, but a foundation can be useful. It can act as a lobby group, and everybody shall remember that we live in a world dominated by huge lobby groups. So having one dedicated to BTC can help. Besides that, the latest release of bitcoin core software is 0.9.3 and we need some need kind of organization to decide what new features future releases shall get. A foundation looks like the best thing to do that.

Having said that, I understand today's foundation is far from perfect, but our politicians aren't either. Our cars are not perfect. YOU are not perfect and neither am I. Nothing and nobody's perfect, but I believe I'm useful to a few people, and so does the foundation.

A vault is a magnet for thieves. I'd rather use some free back-up service and hide my wallet files in a thousand of innocent files.

Just in case nobody noticed, this topic is 2 years old.

Time to make better the concept now. How about giving a homeless $5 for being a free WiFi hotspot for a day? He will just have to spend a day in a public place.

The comparison between a country and a family is a difficult one, because the average family doesn't produce anything.

Still, we may take the example of a farmer selling its produce on a local market. If he wants to buy furniture for his home (or a car),the value of the produce he sells on the market will have to higher than the cost of what he wants to buy. The situation will be even more difficult than for a country, since a country can run a budget deficit whereas banks won't allow that to happen in a small farm.

In the third world, where people don't have bank accounts, having a balanced budget and selling more than what you buy isn't a choice. There's just no other way around.

Back to the case of Switzerland, this is old people versus the young. The older folks want to play safe with solid gold stored at home.

Somehow, the people needs to fight back. It's about time to get organized. The taxman thinks tax evasion is a crime, I think it's salvation against evil.

Please, go back to school. It's the other way around. Germany and Japan got rich because they have been successful exporters for decades, and China's getting richer and richer because it's selling its goods all over the planet.

Let's be more precise: one currency can die. This is what happened in Germany 90 years ago.
All currencies are not equal.

Just look at the size of the market that deals with commodities trading. Every single investor in the world would want a piece of the pie, and he will buy currency from that country. After only a few weeks, value of the currency would have tripled, or more, causing every company which was successfully exporting goods to go bankrupt, causing mass unemployment. The good part being that the people who had money in the bank would enjoy unprecedented purchasing power of cheap imported goods.

Still, in a very small country which would ban currency convertibility, I guess it could work.

No recession, and no BTC. This is old people asking for this in Switzerland because they see the stock market as too volatile. They think their country should stick to less risky investments, things more material, even if the returns are less. So no paper money, no paper gold and no BTC. Only solid gold, at home, in Swiss vaults deep underground.

Who keeps the key to this address? How can you be sure you'll get the money when scheduled? How can you be sure this is a good and safe investment? If BTC's price falls down, your pension will be peanuts, and that doesn't sound good. Anyhow, this isn't better in any way than classic retirement funds.

This is a nice project, except that you have to spend some of your BTC to try it out. How about giving the user the choice of giving his own address? (Everybody has several addresses).

No, government won't need to be destroyed, it will just crash. All by itself. You just have to consider that there are more and more things out of the government's control. In most places, the government has failed against drugs, mass poverty, preserving the environment... There has to be a balance between the people who see the government as something useful, and the others who see it as useless or as a burden. The balance is slowly moving towards the latter, so the whole thing will slowly fall apart.

This depends a lot on how a bank uses its profiling software. I have a card in my pocket which I haven't used for about 6 months, because I'm not in the right part of the world to use it, but I'm confident it will work when I'll work when I'll be back in the country it was issued.

I believe American banks don't want to take risks. When their software suddenly see a big transaction from a card which has been unused for a while, it blocks the deal without giving it a second thought. Swiss banks aren't like that.

I uninstalled Bitcoin core more than a year ago, and I didn't like much Multibit. I've been using online wallets at blockchain.info for about 18 months, and I'm very satisfied with it. I don't worry about the blockchain because I know all the miners, and all the shop owners, the people doing real business with BTC have the blockchain on their computers. They just have no other choice as they need to see their transactions confirmed.

I've left my country so that should answer your question. I change countries very often, and I live exactly the same wherever I am. Countries don't matter much to me.

Check your sources. The popular vote on November 30th isn't about reinstating some kind of a gold standard at all. It's about bringing back to Switzerland some gold which is stored in foreign countries, and mandating the Swiss National Bank to keep 20% of its assets in gold (7.6% now). Comparing with the US or most countries doesn't work, as Switzerland has very little debt. Switzerland doesn't print money like the US, even if some Swiss wish it would, because the biggest problem there is how to stop the Swiss franc from getting more valuable, which hurts exports. I'm old enough to remember the days when one US dollar was buying 3 Swiss francs, check what it's worth now.

The Swiss I know are against the gold initiative because gold investments are much less lucrative than the stock market.

There are many paranoids around here, you know. I'm not on facebook nor on any social network, and I'll never join any service like that. Sorry to tell you this, but this forum fully satisfies all my social desires.

Capital gains tax is due on your gain, so that's one BTC in your case.