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17 people and counting, everyone I truly care about now has at least 1BTC.
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Money and banking in the U.S is as much of a religion as Christianity, of course people are going to attack something like Bitcoin because it basically flies in the face of everything people like that believe in, I consider this era our financial renaissance now and just like with the people there who believed in mathematics we also are going to get persecuted for explaining something that is blatantly obvious to anyone who will willingly pay attention.
You hit the nail on the head. Capitalism is a Cult, economics is the very robust and widely-accepted pseudo-science which supports it. Bitcoin adoption is fear of the unknown vs. greed. Greed wins in the end, the only question is how long will it take? |
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True. If it was 100% certain that Bitcoin was going to the moon, it would already be there because everyone would try to exploit the loophole as long as it was open. That's not true at all. If it was 100% certain that Bitcoin was going to the moon (spoiler: IT IS), _AND_ if 100% of the human population was intelligent enough to recognize this fact, Bitcoin would already be at the moon. The problem lies in the second half of the sentence above. Most people don't even know what Bitcoin is. A far smaller percentage of the population has the pattern-recognition skills needed for certainty. If it was certain to go there, why would the major investors (like Bill Gates) [not invest?]... I suggest you read about the history of oil. I will never sell either. I am "all in." The potential good this idea can do in the world is much bigger than any personal wealth I may have. Now there's a smart - and ethical - lad. "I can see now that the Game reflects my own efforts to negotiate those old primal categories: individual, community, nation, planet. Inevitably, then, the Game comes with an attractive lure to be nationalistic, tribalistic, and provincial. It forces students to go through the process that we all go through as adults, in which we must examine, as I had done, the local cultures we come from and the world culture we might one day join. The Game makes it clear that, sooner or later, if students remain solely within their own cultures, loyal only to their "own kind," they will put the planet at grave risk. But if they embrace a larger vision, they have the opportunity to heal the planet and create peace. Students learn, in other words, that without a total collaborative effort, no one can succeed. Of course, it's tempting to hold to an individualistic view and pursue short-term gains. It's certainly possible, over the arc of the Game, to seem to be winning: to increase your territory and your assets; to enter into alliances that benefit you and hurt your adversaries; to expand your military influence; to amass wealth and power at others' expense. But these victories are only apparent. You seem to be winning, but you're actually losing. The Game forces you to learn interdependency. If you behave as an island unto yourself, ultimately you will be isolated. And no matter how many resources you might have accrued, the planet as a whole will not achieve the global peace and prosperity that are the Game's definition of victory." -John Hunter I am a citizen of the world. You can be too.  "Nationalism is our form of incest, is our idolatry, is our insanity. "Patriotism" is its cult. It should hardly be necessary to say, that by "patriotism” I mean that attitude which puts the own nation above humanity, above the principles of truth and justice; not the loving interest in one’s own nation, which is the concern with the nation’s spiritual as much as with its material welfare — never with its power over other nations. Just as love for one individual which excludes the love for others is not love, love for one’s country which is not part of one’s love for humanity is not love, but idolatrous worship." -Erich Fromm, in The Sane Society (1955) "I am against any nationalism, even in the guise of mere patriotism. Privileges based on position and property have always seemed to me unjust and pernicious, as did any exaggerated personality cult." & "Nationalism is an infantile disease. It is the measles of mankind." -Albert Einstein |
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I find that hard to believe. In any case there is a lot more starvation in our future. Every hour of the day there are more people than the hour before. I hope we don't overshoot K in my lifetime. I got some bad news. We overshot K long before you were born. Earth's true carrying capacity is approx. 2 billion human beings. We are in a population bubble supported solely by the temporary use of fossil fuels, of which we are running out.   Last 200 years:  One possible future:  A more likely possible future. In case you missed it: Waste is the reason for world hunger. The waste of greed; the waste of capitalism. |
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The first way I will address this question is by linking this important speech: Bitcoin vs. Political Power. The second, and far less important way, is by saying this: Gold is a physical asset. A supply crisis of a physical asset is what he was talking about. In no way does this problem apply to cryptocurrency. Bitcoin is a digital asset that, unlike gold, is VERY highly divisible (.00001 BTC), instantly transmittable to anywhere in the world, and can in fact exist in more than one place in the world at the same time. By sharing private keys with trusted friends anywhere in the world, you can essentially have a privately shared bank account. Couples in long distance relationships can do this right now, for free. I believe Satoshi made the cap 21 million coins because there are approximately 7 billion humans on Earth. 7x3=21. People are thinking "oh there must be at least one BTC for each person", but that is wrong. A Bitcoin is not like a gold nugget. A Bitcoin is a vault full of gold nuggets. A Satoshi is a gold nugget. People don't get that because at this moment Bitcoin is undervalued by about 9999(9?)%. There is no supply crisis because every one of you has WAY MORE BITCOIN WEALTH than you think you do. The world just hasn't figured out how rich you are yet. |
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Even if the price went back to $0.01, I think BTC would still survive. Everyone would be picking up coins left right and center at that price
I would disagree. If we managed to get that low people would have considered the whole thing as a big failure and left it alone. You're wrong, Light is right. Too much is invested now, Bitcoin would not die so easily. Killing Bitcoin by dumping won't work for the same reason that killing it by buying won't work. In the former case, you are essentially giving away your wealth to all those who are clever enough to accept it (buy while you continuously sell, driving price down). In the latter case, you are giving away your wealth to all those who are clever enough to accept it (sell while you continuously buy, driving price up). Bitcoin is organic, sort of "alive". Difficult to explain, but you must trust me, I'm absurdly smart. |
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The biggest problem "inherent to capitalism" is that people do not know what it really is and they believe the crap taught it school and on TV. In case you do not know, real free-market capitalism is an ideal condition to work towards achieving.. These "capitalism would be perfect if only we were DOING IT RIGHT" pipedream arguments remind me of something... now what could it be? Ahhh yes, fundamentalist Christianity. Wake the fuck up, capitalism is a living nightmare for most of the world, even though it's been a pretty sweet deal for Elder English-speaking White Males. Capitalism is a Cult, and economics is the pseudo-science which supports it.It is the direct descendant of feudalism, our last ties to an era characterized by violence, slavery, and exploitation. For god's sake we're still paying RENT in 2014!! We peasants paying LAND-LORDS for the RIGHT to LIVE in decent shelter. There are no barbarians trying to kill us these days, the LORDS do nothing to protect the LAND, yet still we PAY THEM. WHY? Tradition, ignorance, obedience, nation-state indoctrination, and stupidity - that's why. If you want a decent future for your grandchildren to live in, you must accept that decent food, shelter, healthcare, and education are a BIRTHRIGHT for ALL HUMAN BEINGS.Any economic philosophy - capitalism included - that tells you humans must WORK for the right to EXIST is a LIE! Capitalism is ignorance, and therefore it is evil. "All that is required for evil to triumph is for good men to do nothing" "There is only one good: Knowledge. And one evil: Ignorance" -Socrates |
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linking the bell curve of bitcoin's adoption with IQ points makes me cringe.. almost everything statistically follows the bell curve. i think that's a stretch. It's just a theory. No need to cringe, far better to test the theory against your own observations. You may be surprised at what you find. |
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No. It shows immaturity and poor judgment on the part of those who created it. Along with other comments they've made implying that they're absolutely fine with another 911 happening because of their creation. Jesus fucking christ, another 911 happening because of dark wallet? Really? You a conservative, BittBurger? Enough with the politics of fear bullshit. 9/11 was fucking EARNED, with blood. Yeah I said it. Stop demonizing TOOLS, you goddamn luddite. Tools are ALWAYS neutral! Never good, never evil. And money is about power. It always has been. Read this book, free your mind from the tyranny of illusion:  Welcome to the Desert of the Real, by Slavoj Zizek. "There is only one good: knowledge. And one evil: Ignorance." -Socrates |
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You could become a millionaire much quicker by doing technical analysis. Utter nonsense. I still think it is a better strategy then buying and holding *Cough* - choke - what? No. -B- What he said. Safest, surest way to increase the value of your wealth is by melting shitmoney (AKA fiat) into Real Money (AKA crypto), and holding on for dear life. People ask me all the time, "at what price-point will you sell?" and my answer is always the same: "I will never sell, I will hold onto my Bitcoin wealth until fiat no longer exists, and then carry on with life as normal." If you're smart enough to comprehend why I'm linking this, you're smart enough to get filthy-rich with Bitcoin, even if you're poor. Sell your body if you have no fiat wealth to melt, being liberated from the chains of wage-slavery for the rest of your life is worth it, I assure you. |
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reminder:  I suspect a strong correlation between that graph and this one:  Don't frustrate yourself, OP. Everyone will come around in time, all you can do is wait. Be patient. Imagine how someone as smart as Satoshi must feel about society. Frustrated, I imagine, since I am - and I'm no Satoshi. Being exceptionally intelligent is a curse as much as a blessing. |
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Anarchism = is a political philosophy that advocates stateless societies often defined as self-governed voluntary institutions based on non-hierarchical free associations.
I thought Anarchism came from Anarchy? As per Dictionary >>> ------------------------------------------------------------------------------ anarchya state of disorder due to absence or non-recognition of authority or other controlling systems. As you can see, "anarchy" is not the same as "anarchism". Similar is some ways, but not the same. "The measure of the state’s success is that the word anarchy frightens people, while the word state does not. We are like those African slaves who believe that their master is their benefactor, or those Russians who still believe that Stalin was their guardian." -Joseph Sobran Most fundamentally, anarchism is about the belief that human beings are inherently compassionate creatures, and that we can do better than capitalism. We DO NOT need armed men, coercion, deception, and violence to organize ourselves and distribute resources in a way that benefits everyone. Homo Sapiens are not chimps. We are Bonobos. We are hyper-sexual primates. We are neuro-biologically wired for empathy, kindness, and trust. As a species, we are collectively suffering immeasurably as a result of our ignorance about our true nature. If you want to learn about REAL anarchism, read an anarchist FAQ. |
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Don't worry too much. I have heard about certain (zero tx fee) transactions, where it took almost 48 hours for them to get confirmed. So... in the end the transaction will get confirmed... but it is going to take a lot of time.
I know, it is more the uncertain nature of waiting that bugs me. I don't need the coins to spend right away, but if it was a critical situation like that I'd be annoyed. Still, I guess it's a lot better than using a bank. People complain about a NO-FEE transaction taking 48 hours, but then sit by and allow their banks to collect ALL KINDS of unjustifiable fees, while bank transfers take 2-5 business DAYS. People really just like to complain.  |
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No. If they did it would probably be utterly fucking worthless by now. Judging by their track record.  |
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Bitcoin is a consensus based network. BINGO! I don't think most people realize how important this is, how radical and brilliant the solution of [the blockchain] crypto is, to the problem of [trust] money. Bitcoin is the internet of money, it cannot be stopped. As such its dominance over all things financial is a matter of WHEN, not IF. All global fiat wealth visible in top bottle; crypto in bottom. |
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Mostly agree, but let me play devils advocate.
Banks spend millions on security.....
Average user PC is vulnerable. Have this conversation again in 18 months, and Banks will still be spending millions of their worthless fiat, but the average Bitcoin user will be totally invulnerable to theft. You can quote me on that. |
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Very good. Every human is fundamentally anti war, do what you can do abolish this war state which exists to provide revenue to the big defense contractors, fuck them all. Well said. The warmongers and murder-profiteers will extract every last drop of blood-profit they can from humanity, until we strip them of all power. Bitcoin just happens to be the first effective way to achieve this goal. "I can see now that the Game reflects my own efforts to negotiate those old primal categories: individual, community, nation, planet. Inevitably, then, the Game comes with an attractive lure to be nationalistic, tribalistic, and provincial. It forces students to go through the process that we all go through as adults, in which we must examine, as I had done, the local cultures we come from and the world culture we might one day join. The Game makes it clear that, sooner or later, if students remain solely within their own cultures, loyal only to their "own kind," they will put the planet at grave risk. But if they embrace a larger vision, they have the opportunity to heal the planet and create peace. Students learn, in other words, that without a total collaborative effort, no one can succeed.
Of course, it's tempting to hold to an individualistic view and pursue short-term gains. It's certainly possible, over the arc of the Game, to seem to be winning: to increase your territory and your assets; to enter into alliances that benefit you and hurt your adversaries; to expand your military influence; to amass wealth and power at others' expense. But these victories are only apparent. You seem to be winning, but you're actually losing. The Game forces you to learn interdependency. If you behave as an island unto yourself, ultimately you will be isolated. And no matter how many resources you might have accrued, the planet as a whole will not achieve the global peace and prosperity that are the Game's definition of victory."
-John Hunter, World Peace and Other 4th Grade Achievements  |
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So basically the same old shit as the folks at the top of the fiat pyramid? You mean a new kind of money didn't magically resolve the problem of power being a corrupting force? * GASP* Cryptocurrency did not create the problems inherent to capitalism, and cryptocurrency is not going to solve them.To do that, we must shift the paradigm of culture."Premise Four: Civilization is based on a clearly defined and widely accepted yet often unarticulated hierarchy. Violence done by those higher on the hierarchy to those lower is nearly always invisible, that is, unnoticed. When it is noticed, it is fully rationalized.
Violence done by those lower on the hierarchy to those higher is unthinkable, and when it does occur is regarded with shock, horror, and the fetishization of the victims." -Derrick Jensen, Endgame. |
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That's the wrong question. Try this for a thought experiment: "Government regulators - Taunting both legitimate Bitcoin entrepreneurs and organized professional criminals.. hmmm is it really a good idea?" NO, it's a fucking horrible idea. Now I'm no criminal, but still... "You fuck with my money, I fuck with your life." is my attitude toward government officials. It all comes down to violence in the end, doesn't it? That's capitalism for ya. |
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Just wanted to note, in two years as we are here, bitcoin had an apreciattion of 10000%  |
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