How about bitcoin baby-sitters?
I understand space exploration is nice, but I would be happier if bitcoin gets a larger share in our daily life.
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You forgot freedom. Bitcoin brings the long-awaited opportunity to make business operations without being under the umbrella of any central bank. Unregulated business! Without any documents, nor the taxman collecting its share, just like the Mafia's doing in Sicily.
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Bitcoin requires electricity and an Internet connection, and it's difficult to imagine they would remain constant and unaffected in case of a global conflict. Then, from what I've seen, even with my very limited experience of war, war is about survival, meaning that only physical goods remain valuable. When there's only one bread left in a shop, the shop owner will only sell it to the guy paying with hard currency.
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Before thinking about the organization, we should start by defining precise, common goals. That, while keeping in mind that bitcoin doesn't belong to anyone, since the only person who could claim bitcoin ownership has disappeared. I mean that there could be a syndicate, but that it will never been able to speak or act as a legal bitcoin representative.
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Trust comes with time. When paper money was launched, many people refuse them. They wanted gold or silver coins, heavy and bulky, but reliable and accepted everywhere. It took several decades for paper money to gain wide acceptance. Bitcoin is a 5-year old child...
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The trade would have been in dollars, nobody would have complained about the currency.
There were drug dealing 5 years before bitcoin was invented and I doubt anyone could prove that drug trade has increased because of bitcoin.
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There's a lot of theory here. I've never done any transaction of less than 1 cent, and I don't think I will ever. Faucets? Websites that give free money? They're all doomed. Can anyone seriously believe they will keep on giving money forever? When we will have reached the 21 millions limit, nobody will give out satoshis anymore.
That make gambling sites the ones with the most to lose here, but I'm sure they can adapt. Right now, in Las Vegas, you can't play less than a dollar.
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You can also mix the virtual and physical systems by storing your bitcoin wallet on an USB key, and putting that key in a safe deposit box in a private bank vault.
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I'm still quite new here, but count me with the people against all regulations regarding bitcoin.
That doesn't mean I am against all laws and morals. I understand the need of preventing murder and rape, but you can't harm anyone with virtual currency.
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Someday in the future, the world will run out of oil. But that doesn't scare millions of drivers today.
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I'm afraid bitcoin is too high tech for Zimbabwe. A scheme like M-Pesa is much better since it works with text messages. We should also consider that many transactions seen as important there, will be seen as dust in America or Europe.
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Am I the only one to remember that the bitcoin's inventor was so smart, he did it anonymously?
Nobody knows who he is, or who she is, and it would be a sad ending for his project if bitcoin was now seen as the regular currency of a small foreign country. We don't need countries. They were not a good invention. Please, let's keep bitcoin outside the regulated world.
Even if bitcoin is adopted by a country, that country won't have the power or ability to regulate it. That's kind of the point of bitcoin. On the other hand, it would play at the whole "country" game, and give bitcoin an advantage by allowing it to outmaneuver other countries' regulations. If a country doesn't mind losing the power to regulate its currency, it could as well adopt the US dollar or the Euro, and this has already happened in several parts of the world. When the local currency is weak, people favor American banknotes. Some of them may switch to bitcoin, but I fear the worst if it becomes official. Many politicians in Europe right now are going mad about offshore banking, and they would be even angrier if a small country would adopt a cryptocurrency without any control. Everyone has preconceptions and/or misconceptions about any country, so I really think it's better for bitcoin not to be associated with anyone of them to keep a clean and new image. Imagine North Korea makes bitcoin legal tender!
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Am I the only one to remember that the bitcoin's inventor was so smart, he did it anonymously?
Nobody knows who he is, or who she is, and it would be a sad ending for his project if bitcoin was now seen as the regular currency of a small foreign country. We don't need countries. They were not a good invention. Please, let's keep bitcoin outside the regulated world.
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If money's needed, I guess I wouldn't mind watching some adverts on every page.
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Hooking the value of bitcoin to the value of a product, any product, is just not doable. Nobody has the authority nor the power to do so. But it might be interesting to compare the value the value of bitcoin against some basic product. We most often compare bitcoins to the U.S. dollar, we may compare it to oil, gold, or big mac hamburgers.
I'll tell my grandchildren that in my time, I could get about 40 big macs for one bitcoin. That will make them take a pause and think about it, when one bitcoin will pay for 500 big macs.
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The independent nature of bitcoins is by far the most appealing. Uncontrolled by banks or governments, bitcoins are worth what ordinary people think they're worth.
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Haven't you ever experienced a power shortage? Or being in a place where you couldn't get an Internet connection?
Bitcoins would be useless and without any value in case of a major disaster like an earthquake, whereas gold would keep some of its value.
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It would be difficult to set up, because you would need thousands of people to host the blockchain. And you would still need a domain name and name servers to make the website reachable by anyone. That name server could still victim of a DDOS attack.
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Bitcoin QT, Multibit and Blockchain.info.
Wallets are free so you can have many. I also have several bank accounts, it's just normal.
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