Thanks Dutchman for the resources. The idea of an instantaneous, almost-anonymous and difficult-to-trace payment network is bound to get attention from any government that uses payment surveillance as a crime-fighting tool method of control. FTFY, author's political bias removed. |
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I'd accept homelessness before reinvesting my wealth into murder-money, AKA nation-state fiat.
That is pretty strong. What country do you live in? United States?  |
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I'm much more addicted to being connected to all the brilliant minds on these forums than I am in the fiat exchange value of Bitcoin.
That said, I do have bitcoinwisdom as a homepage tab. The reason we check is because we're waiting for something we all know is coming.
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I'd accept homelessness before reinvesting my wealth into murder-money, AKA nation-state fiat. Least of all the dollar.
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Most people I know have heard of Bitcoin but, know very little about it, and what they think they know is usually the bad stereotypical stuff. You said it. That's pretty much the rule for any new concept, it's like a wave that emanates in this case from the most tech-savvy twenty-somethings outward in every direction. Fear always travels faster than wisdom.
The systematic lying from the power elite doesn't help. False sense of security is dangerous situation. Puts us in this dystopia we have now. Dollar is doomed. Fallout from dollar implosion will be terrible if too few dollar-holders get off the sinking ship and onto crypto lifeboat in time. Deathtoll incalculable. |
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No One would actually code and help develop something as complicated as Bitcoin without getting paid or it. Except Satoshi Nakamoto, who as of this post has not touched a single penny of his/her/their BTC wealth. This may come as a surprise to the capitalists of the world, but money-making is not then only motivation for human behavior... |
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LOL, Fox "news"   |
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Radical is the winning strategy.
Remember that "government" is just a word - there is no monolithic entity with that name. Instead, there are a large number of individuals who all have their own individual goals and motivations. The extent to which they cooperate to enforce certain policies on the rest of the population is a function of how well their individual goals and motivations align with the goals of the organization itself.
Regulators can't stop Bitcoin any more than the RIAA could stop P2P file sharing, so there's no need for Bitcoin users to self-censor out of a misplaced hope that doing so will protect them.
Every time regulators attempt to stifle Bitcoin and are unsuccessful, Bitcoin will gain more credibility and more users - and very importantly many of those users will be "defectors" from the government side. As governments are finding themselves unable to stop Bitcoin, their organizations will slowly start to fill up with Bitcoin users. Identifying the positive feedback loop in this scenario is left as an exercise for the reader.
Provoking conflict with the regulators is, in fact, the best thing that can happen for Bitcoin in the long term.
You nailed it, well said and thank you. Dear everyone,
Fear not, as we have already won. Love, Beliathon |
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I support bits as a reasonable alternative to 0.0000_ BTC
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FinCen and Treasury experts expect bitcoin to be one of the world's top 20 currencies within 20 years.Who would rather aim for top 10 within 7 years.  yeah, i guess 20 years in our days is such a long time. lets say in 10 years, ill go with that. 20 years comes with the implicit assumption that there will be no major fiat implosions (sending masses toward safety of crypto) within that time frame. I find this to be a dubious claim. |
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Whats with concerns about price. Imo btc price is next to irrelevant. Not irrelevent, we need to keep it under 1,000 for as long as possible. If it goes up too quickly, it could be dangerous. The transition process from fiat to crypto must be slow and careful, keeping things as equal as possible. The transition must be orderly, carefully-paced. Not a mad rush as the whole world realizes whats happening at the same time - entire national economies could get trampled! This is a very serious issue! |
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It is not only millennials that use Bitcoin. Definitions should be precise and accurate. I would call cryptocurrency "information age money", "digital money", "global money", "future money", and "Earth money".
A form of money based on pure mathematics... Without being hyperbolic, I would describe cryptocurrency as the "be all end all" of money.
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BEWARE PAPER BACKED BY BITCOIN!!! Bitcoin is money as gold is money. Currency always starts with money backing, then the paper currency politically loses the backing, for the kids or to stop terrorism or some other BS, and then we're fucked all over again with tyranny. Tyranny goes hand in hand with corrupting, insidious banks and their fractional reserve fraud! I feel it's important to note here the distinction between a bank-note, which is an "I owe you" from some central organization - and a paper wallet, which is actual money on the blockchain. |
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Not being able to leave your residence is a huge punishment not nearly as bad as jail, but it would cause me to lose my sanity.
Depends on the length of time, but generally I agree. Our primate brains are wired for novelty, experience, challenge, exercise, sunlight, and human social interaction - meaning affection/touch, and sex. A lack of any one of these elements will have negative effects on our mental health. A nearly ubiquitous lack of affection, connection, and social interaction is driving the 30 year rise in mental illness in the USA. This is why I refer to the placement of non-violent criminals into cages / dungeons / prisons as cruel and usual punishment. Related: 7 reasons the 21st century is making you miserableRelated: Ending the War on Drugs with compassionRelated: The Long Reach of ReasonRelated: On truth: The Tyranny of Illusion |
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Satoshi is watching us from his large, comfortable spaceship. When he finally returns you can buy a ticket for only 10 BTC.  where's he takin' us I don't really give a damn as long as it's a place without fiat scrip, politicians, lawyers, bureaucrats, and organized religion. |
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I went all-in on Bitcoin with my life savings when a BTC was worth only $87 each. I did this not to get rich, I had no idea if BTC would go up or down from the ~$100 mark. I didn't merely invest in Bitcoin, I deliberately divested from the Dollar. I did it to get my life savings as far away from the dubious dollar as possible. The dollar is in a bubble, it's value is HUGELY artificially inflated, and sooner or later the market is going to correct itself. Don't let your wealth get destroyed when that happens. Related: Dead Dollar WalkingRelated: Wealth Inequality in America |
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The longer the price stays under 100, the more people who will get in "super early", the more equally distributed the future bitcoin economy will be at the post-fiat outset, the healthier that economy will be.
A prolonged low-value fiat exchange rate is healthy for Bitcoin, long term.
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Nope, it is a cycle of panic mass buying and panic mass selling. Yep, everyone is just trying to escape from the hell that is wage-work in capitalism. They are all speculating on whether Bitcoin is their ticket to freedom, or yet another cruel financial trap like so much else in our lives. |
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