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2941  Bitcoin / Pools / Re: GHash is at 48% WTF on: June 08, 2014, 05:15:34 AM
So much paranoia on these forums, and so much forgetting about rational self-interest. What do you think happens to the fool who destroys the wealth of tens of thousands of hackers?

Nothing good.
2942  Bitcoin / Pools / Re: GHash is at 48% WTF on: June 08, 2014, 05:09:34 AM
I'm not worried, but that's probably just because I'm smarter than you.
2943  Bitcoin / Bitcoin Discussion / Re: [IDEA] Print paper wallets on pocket printer. on: June 07, 2014, 09:10:42 PM
I understand why you think this is necessary, but I assure you the technology will quickly evolve to make such a cumbersome device obsolete.

Soon Bitcoin theft will become impossible. Did you know your heartbeat rhythm is as unique as your fingerprint?

In the near future, you will wear a bracelet that detects this rhythm and locks your wallet the moment the bracelet is removed. The device will also ask for your confirmation via smartphone anytime a transaction occurs.

Or perhaps it will be a google-glass type device that scans your retina for every transaction. Who knows?

What's certain is that the problem of crypto theft will soon be solved, because profit finds a way to be made, and solving that problem will be extremely lucrative indeed.

WHEN this happens, fear will be completely removed from the bitcoin space, and we will have a glorious outburst of economic activity in the bitcoin sphere.
2944  Bitcoin / Project Development / Re: Help doabitofgood.com pick its background music for its explainer video on: June 07, 2014, 08:49:59 PM
This song.
2945  Bitcoin / Bitcoin Discussion / Re: Are transaction fees expected to rise over time? on: June 07, 2014, 04:49:21 PM
Stop thinking in terms of USD. Soon the USD will have no value to speak of. Thinking in terms of BTC will be far more fruitful.
2946  Bitcoin / Bitcoin Discussion / Re: Stefan Molyneux Bitcoin vs. Political Power (Must see if you haven't yet) on: June 07, 2014, 03:27:15 PM
This is a great speach.
Possibly the most important speech in our lifetimes, for Americans at least.
2947  Bitcoin / Bitcoin Discussion / Re: It's Clear That The Future Of Bitcoin Is Not In The US on: June 07, 2014, 02:50:11 PM
...since they censor history, so hell, why not censor a currency?
All nation-states censor history by necessity. If they were honest about their history to their children, the state would be abolished in one or two generations.

Nation-states must employ hierarchy-based violence in order to continue to exist. In an honest nation, any reasonable human being would see that this is selfish, cruel, and utterly unjustifiable behavior.

"The most dangerous man, to any government, is the man who is able to think things out for himself... Almost inevitably, he comes to the conclusion that the government he lives under is dishonest, insane, and intolerable."
-H. L. Mencken, The Smart Set, December 1919
2948  Bitcoin / Bitcoin Discussion / Re: If I cannot touch it, it does not exist threshold that needs to be overcome on: June 07, 2014, 02:33:49 PM
You can't touch the stripper. Yet you still go to the club.
2949  Bitcoin / Bitcoin Discussion / Re: It's Clear That The Future Of Bitcoin Is Not In The US on: June 07, 2014, 01:27:15 PM
Especially when you consider that the US is really two nations in one. The cutting edge coastal cities of the east and west coast, and the sleeping giant of the middle country and most of the south.
2950  Bitcoin / Bitcoin Discussion / Re: Use A Crypto Currency, End A War on: June 07, 2014, 12:44:34 PM
Some funny circle jerk going on in this thread with pseudo-intellectuals who think themselves 'enlightened' LOL Smiley

Why is it that they all sound as if they have rebellious daddy issues?

Everyone likes to feel smart and clever, especially the naive and stupid ones Smiley
Thanks for adding the most asinine, useless post to the thread, and welcome to my ignore list.

P.S.
http://www.hollabackhealth.com/2010/12/five-reasons-to-stop-using-emoticons/

For the rest of you, carry on. I've really enjoyed reading the conversation.
2951  Bitcoin / Bitcoin Discussion / Re: If I cannot touch it, it does not exist threshold that needs to be overcome on: June 07, 2014, 12:37:50 PM
Fun fact: Out of the amount of US dollars 'on record', as in sum total balances of accounts etc, there is only enough physical money to represent 3% of it.


People are already accustomed to not being able to touch it...they just don't realize it.
Probably because most people in the US are broke.

2952  Economy / Speculation / Re: Who wishes they had bought bitcoin when it was $540 or so? on: June 07, 2014, 12:35:22 PM
Just buy every month a little amount without looking at the price, hold them and never sell for 5 years, then enjoy your richness.
Wise words. It may not even take five years, massive adoption could happen very suddenly, possibly as soon as 2-3 years.
2953  Economy / Speculation / Re: post your average price of buying back in - 2014 ONLY on: June 07, 2014, 12:32:38 PM
I never sold.  I  hold.
Same, I've been buying in with any fiat I get my hands on, and will continue to do so for a long time.

Bitcoin has a loooonnnng way to go.
2954  Bitcoin / Bitcoin Discussion / Re: It's Clear That The Future Of Bitcoin Is Not In The US on: June 07, 2014, 12:04:46 PM
The future of Bitcoin is not in the US, you're right. But that's only because in the future, the US (and all other nation-states) will exist inside the Bitcoin (sovereign) economy.

Bitcoin is the beginning of the end for the nation-state as we know it, and that's good for everyone who likes reason more than violence, and peace more than war.
2955  Economy / Speculation / Re: Who wishes they had bought bitcoin when it was $540 or so? on: June 07, 2014, 05:53:17 AM
How many of these threads has this forum seen over the course of the last 2-3 years? Always the same theme, "oh, it was such a great deal at ______$, now it's too expensive"

People just don't get it. It's not going to stop.
2956  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Dystopian Future on: June 06, 2014, 06:54:01 PM
Capitalism = violence. Nation-state = violence. Neither one of these can survive without systemic application of violence down a hierarchy.

An atmosphere of violence suffocates reason. Reason = peace. Abandon capitalism and the nation state, and your children can inherit a world of reason, rather than the world of violence and lies you grew up in.

I like you. You'd like this.
2957  Bitcoin / Bitcoin Discussion / Re: Use A Crypto Currency, End A War on: June 06, 2014, 06:51:12 PM
So how exactly does crypto stop wars?
http://Tinyurl.com/BTCvsPolitic

If you're not going to take the half hour to actually learn something, shut your ignorant mouth.
2958  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin ever be more than a 'fringe' asset? on: June 06, 2014, 04:13:58 PM
I have long thought positive thoughts when it comes to Bitcoin. In theory it's a really good thing.

A few recent events have started to shake my belief slightly, for the following reasons:

- Although there is more acceptance, there doesn't seem to be a growing 'mainstream' acceptance.
That's because of the ENORMOUS resistance. You have to understand the incredible power money has over our lives. There are a lot of Very Important Assholes who have a serious vested interest in their local fiat scrip! What, did you think we the people could rob them of the power of money overnight? No. They will fight this tooth and nail, long and hard. All for naught, as there is no stopping it now. The genie is out of the bottle, the cats out of the bag, pandora's box has been opened, etc.

It is still too difficult to use and way too difficult to understand for the vast majority of people.
Every day it gets easier, safer, faster, and more secure. When making investment decisions, one should not look at the present-day situation, but study the trends. See where they go. Where do you think this is going? Study hard and think carefully, because the implications of the choices you make now could be very dramatic in the near future.

There's no incentive for buyers to use Bitcoin.
Some companies are already offering discounts for Bitcoin use. Bitcoin is cheaper for businesses of all kinds to use because it is a relatively "frictionless" currency. No middle-men taking there share, either - it's just the internet. The blockchain is a truly genius innovation. I'm not smart enough to invent something like that, but I'm damn sure smart enough to recognize it! If you do your homework here, look at the mathematics, read the whitepaper, I'm sure you are too.

Why spend one's fiat to buy Bitcoin to spend on a product when one could just spend the fiat directly?
Imagine for a moment you are not a typical American citizen, and instead have some actual savings in the bank. The US dollar loses 2-4% of its value year over year due to inflation. Consistently. Bitcoin rises year over year.

Why would you keep your wealth stored in a form of money that is burning away!?  Think on it.

Talk of impending financial collapse in the US and the collapse of the dollar at first would appear positive for Bitcoin. When one takes into account the likelihood of civil unrest leading to martial law and the internet kill switch, suddenly a hoard of Bitcoins look less like the smart move.
Typical American thinking. The world is bigger than America, friend. There's a whole wide world out there, and Bitcoin is global, unlike the doomed dollar.

It's not nice to say, but the hard truth is that the currency of a military empire has literally a snowball's chance in hell of surviving in a future where war is obsolete.

And that is exactly what's coming, as we awaken to the reality of our oneness.

2959  Bitcoin / Bitcoin Discussion / Re: 304517 -- A BIG Block! on: June 06, 2014, 04:02:22 PM
It seems arbitrary to me to point to the block and say, "look, that is important!"

The individual transaction(s) are the important data, not the particular block they happen to fall within. You know what I mean?
2960  Economy / Economics / Re: Have people become wealthy before, like with bitcoin? on: June 06, 2014, 03:57:16 PM
I think becoming wealthy is what a lot of people here hope.
Hope?

It's not so much that we're getting rich, dear reader. It's that everyone else is getting poor.


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