Unless there is fiat chasing after bitcoin, this will be the trend. Lots of VC going into businesses...but not bitcoin itself.
Sort of off-topic, but I noticed you have the bitcoin foundation member avatar, I am also a member - how do I get my badge to show here on the forums?
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Nick Szabo, just like Dorian, and many others, have categorically DENIED being Nakamoto. You know who HASN'T denied being Nakamoto? Saddam Hussein. Thanks, Obamacare!
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OP is right, Bitcoin vs. Political power is an absolute must-see. Seriously, this is the best and most important talk on Bitcoin ever. I've started watching other Molyneux vids as well, and am quickly realizing this is a brilliant and prescient individual. If you're interested, check out his lecture on Ending the War on Drugs. people continue to believe no one is out there attempting to take your wealth.. why is the average person such a fucking sheep. Just world fallacy is indeed a huge problem, especially for the 'murican sheeple. But we're waking up - slowly.
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For many it was their first exposure to crypto and I imagine the majority kept their coins on there. The majority of morons, maybe. The red flags were there months before Gox imploded, months before they stopped allowing BTC withdrawals.
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Bitcoin was always under governments pressure? No, for many months Bitcoin was "under the radar" of governments so to speak, it didn't really come to negative attention until it started being worth 500 times more than the US dollar. ...its regulation (especially in USA). Is it temporary situation or permanent? Temporary. Just like the Copywrong War, the War on Drugs, the War on Terror, and everything else in this life and the next. All things come to pass in time.
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Any ideas? This is a 600 page book written by a statistician. I'm about 200 pages in, this is heavy and dry material! Caveat Emptor! But if you do decide to dive in, some excellent companion reads are -A brief history of neoliberalism -The Empathic Civilization (Jeremy Rifkin) -First as Tragedy, then as farce (Slavoj Zizek) -A People's History of the United States (Howard Zinn) -Confessions of an Economic Hitman -The Shock Doctrine: The Rise of Disaster Capitalism (Naomi Klein) -Earth in Mind (David W. Orr) -Guns, Germs, and Steel The data and analysis are sound, but I strongly disagree with the conclusions the author draws. He tells us that capitalism has systemically driven INEQUALITY all throughout history - and shows us the data to prove it! Then he says the only times inequality AREN'T increasing are times of extreme government intervention, such as the New Deal just after the Great Depression. So capitalism naturally causes inequality, wealth basically behaves like objects in space affected by gravity. Larger masses of wealth attract wealth from smaller masses. I read this book as a total condemnation of capitalism itself (disclaimer: I was already an anti-capitalist before reading), but the author says we should just repeat the cycle of massive redistribution of wealth from the elite 1% down to the masses, again and again and again. This horrible cycle of half a century of suffering, he wants us to do the SAME THING WE DID LAST TIME. Fuck that, and fuck him. Capitalisms got to go. Fuckers gots ta GO!!As far how Bitcoin is going to join the conversation, you should probably watch this Bitcoin vs. Political Power if you haven't already. Share it with everyone.
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Concealed handguns are pretty cool, but concealed Shuriken (ninja stars) are WAY cooler.
Can you teach me how to be effective with ninja weapons?
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I would be concerned about too little time to react if something goes wrong at such high speeds. If anything goes wrong at those speeds, your little shuttle becomes a railgun shell. A kinetic energy weapon of massive destructive power. At least your death will be instant and painless. pay BTC at the terminal and be in tokyo before the payment gets 6 confirms Only if you're a cheap tipper. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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bitcoin doesnt need sponsorship
thats like saying the dollar or the pound needs sponsorship. The difference is, impatient fools aren't trying to use the dollar or the pound as a get rich quick scheme. All this sponsorship buzz and similar "ZOMG WE'VE GOT TO MARKET BITCOIN!" bullshit is about greed. You're right, Bitcoin does not need sponsorship of any kind. What Bitcoin DOES require, however, is patience. Maybe we can sponsor some sort of non profit organization? Then our money/BTC would be going towards a good cause... Not likely.As someone who worked in the Non-prof sector for six years, I promise you that it is every bit as corrupt and despicable as any other entity dealing with large sums of American money. Those at the top pay themselves exuberant salaries, all the focus is on raking in maximum donations as possible, the hell with the "mission" - that's just another tool to get people to throw money at your organization, in the vast majority of cases. The proliferation of "Corporate partnership" with non-profits is the big red flag...
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I understand there will be fluctuation, but i'm seeing on average a 400 KH/s rate for the 3 when I was expecting a 800-900 KH/s average. What made you have this expectation? I have a hunch the source of the problem is your expectation, and this may or may not be related to (typically dishonest) product marketing. Next time just buy Bitcoins, at 430, BTC's fiat exchange rate has almost assuredly reached a nadir.
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How may I solve this problem? I'd go with 10,000 $ per coin.
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You are Satoshi Nakamoto.
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ITT: Agent provocateur attempting to discredit Bitcoin foundation.
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How is this better than just, you know, sending the crypto directly to their wallet - or to their coinbase account - or printing out a paper wallet for them?
What is the problem your application is attempting to solve?
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Didn't 80% of the forum already agree to move to bits?
Stop with the asinine polls people, we've already reached a consensus.
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All technology is exactly as you described, when viewed on a long enough timescale. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fhvelleca.files.wordpress.com%2F2012%2F09%2Fs-curve.gif&t=663&c=o1kSqxigDY-OqA)
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But we really need is McDonald's to be affiliated with bitcoin, you know how many people buy fast food. If we get all the fast food chains to buy with bitcoin than it would get a lot of attention
McDonalds! Let's get Monsanto while we're at it, and go for that big pharma dollar too! Seriously though.
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Long term is looking pretty good too: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fmedia.coindesk.com%2F2013%2F10%2Fchart1-bitcoin-transaction-volume.png&t=663&c=WPqkWaIqqiS5Pg)
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