If I were the government trying to stop Bitcoin I'd first get the mainstream media propaganda machine to put out some serious spin on the ideological aspect of it and then I'd move to shutdown all the online exchanges and at the same time forbid any online payment system from dealing with any such exchanges in the future.

I think that's what it ultimately is going to come down to. And it's whether or not we can keep our exchanges open and running despite obviously being attacked with money laundering, illegal trade facilitating, ect charges.

All the recent posts that people are making about the scary deflation monster and other "fatal flaws" of the Bitcoin design made bit uneasy about trusting people to be smart enough and to refuse any such proposals in the future.

I believe that we are all currently slaves under the fiat monetary systems around the world and the only reason for that is lack of economic literacy. People simply don't know they are getting ripped off by an invisible hand of inflation. I believe media propaganda and the public school indoctrination play the crucial role in keeping everyone in the dark.

Since I'm still not exactly sure how many clients would have to start using new rules for the whole Bitcoin network to switch and since I learned to fear the ignorance of the general public I had this idea that maybe it would be smart to add some Austrian economic lessons to the client. Either links to key articles or key youtube videos or key books on amazon or at least something to keep the Bitcoin users informed.


What do you think? Are my fears baseless or is this a good idea?

It's very simple.

Prices for anything are determined through supply and demand. Since the supply of Bitcoins is fixed it will only come down to the demand and if we assume the demand is going to always grow because of more people using it then pricess of Bitcoins is also going to always rise. Rising price of Bitcoins means falling prices of goods and services offered for Bitcoins.

And that's it.

Sorry but that is total fail.

Wouldn't it be funny if we had a Hitler finds out about Bitcoin video in this topic? 

Yes there are no chargebacks. If you mess up, the only way you can get them back is voluntarily almost like cash on the street.

Price is driven by the supply and demand. You know what the supply is so it all comes down to the demand. No one is promising you rising prices all the time as they haven't been in the past. People sell and people buy when people buy and people sell. You are not missing anything except maybe that in order to make a profit you have to have the right timing on when you buy and when you sell and that it's not as easy as you might think.

I don't know if this made any sense but I hope I helped.

There were no coins in the beginning. When the first block was mined, first 50BTC were created. That's how it started.

That was my point. At least according to the American constitution, Americans were suppose to be all sovereign induviduals. I'm not sure the rest of the countries have the same wording used in their founding documents.

That's because they are nothing without it.

Well if anyone still doesn't understand that we are all slaves as long as we live under a state rule, here's your proof.

He basically said: "How dare you, mundane, come up with such a preposterous idea of issuing your own money. Don't you know this sort of right is reserved only for your kings overlords and masters?! Now be a good slave and quit this nonsense or else!"

Off topic:

What? Hushmail opened the mailboxes?! How is that possible if they said that if I lost my password there's nothing they could do??

Oh damn, and I did do a search before I made the thread 

Buckle up and fasten your seatbelts, this mike be a big boost:

http://www.youtube.com/watch?v=2GiQEECNcZM


EDIT: Btw horrible timing for the wiki pages to be down. Anyway we can get that fixed ASAP?

Would this be a valid way of how to explain it?: http://forum.bitcoin.org/index.php?topic=10502.0

Has the OP heard of http://bitbills.com/ before?

Could I get a few opinions on whether or not there is a need for such a video and I should invest my time into one?

same here..

Somehow I just can't watch the whole thing. There's this reflex in my right hand that almost automatically clicks the upper right X somewhere around 5-7 seconds in.