Those that don't do currency will have it done to them.
Fuck the retard masses, they can get with the program or starve.
You make an excellent point. There's no reason to convince anyone about the merits at bitcoin. IMO it will continue to rise in use and value due to it's nature. Those who disregard it do so at their own loss. When I buy things I offer to pay in bitcoin whenever possible and those who have ears will want to know more. I bought several products this past week this way. I spend bitcoin only because I earn a good portion of my income in bitcoin and I have to liquidate some to cover day-to-day expenses. With that said, I save as much as possible and only spend what I have to. |
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One feature that would be useful would be the ability to redeem a private key. Currently the choices for this are limited from a mobile. The MtGox live app on Android will do this but only wiht the app installed and only to a Mt. Gox account. Blockchain.info will also do this but it requires login, so unless you already have an account it takes a little extra seconds to set up an account. But if Easywallet were to have this feature (to redeem a private key), I could then hand a paper Bitcoin to someone and then that person can use a mobile to go to Easywallet.org, click Redeem, scan the private key QR code and be done. After the transaction confirms they can spend it. That's easy!  Great idea! I love to see the innovation around here. EasyWallet.org is one of my favorite wallets to use when introducing people to bitcoin. I especially like the currency display preferences. I wish blockchain.info had this functionality as well - I hate having to do conversions before paying someone. |
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Great job Charlie! It's great to see Adam enthusiastic as well. I sent over a few coins to his show just for that.
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do u have Trace's presentation on video?
I don't but the Libertopia folks may make it available. See http://libertopia.org |
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Lot's of buzz around bitcoin this weekend at Libertopia 2012 San Diego. Trace Mayer gave an excellent talk and scolded registrants who paid their registration fee with credit cards at such an anti-state gathering. "Now you're really on the list" is basically what he said. Good discussions on crypto-currencies with an excellent presentation on the potential of Open Transactions when stacked on top of bitcoin. If attendees hadn't heard about bitcoin before this weekend they sure did now. It's becoming very apparent to freedom-seekers that bitcoin solves many problems and I can sense a "tipping point" coming. Jonathan Logan and Frank Braun also gave excellent presentations on Bitcoin, Agorism and Tradecraft. There was a great speech by Doug Casey as well (although he didn't mention bitcoin): http://youtu.be/ryD5lqRM-TwUPDATE: When listening to Casey's speech again, he basically points out all of the problems that bitcoin helps solve. |
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For some reason that barcode scanner (with the zebra) is not working on my iPhone... |
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Awesome - you just keep making it better!
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Excellent show! Wait, why is everyone splitting hairs over James Turk's show of concern about tangibility and things like that? My interpretation is that he already has plans for some kind of hybrid product that enables gold transactions with the help of Bitcoin technology, and the real purpose of the interview was to carefully market the idea. That's how marketing is done.  Yes, I suspect this was his way of letting the market know he's warming up to bitcoin and that he's setting the stage for future options. I see no other plausible reason why he would put out this video. |
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goldbugs demand tangibility, what they actually mean is :
I want to be able to be the only one who can touch it.
when someone translates them that their word "tangibility" means "absolute ownership"
they should be able to get on the right track to understanding advantages of bitcoin
and about backing,
it is backed by me not wanting to sell it (cheap)
to use Turk's language, the gold bugs do not want any "counterparty risk". Bitcoin fulfills that definition completely. Yes, and Mr. Turk overlooks that obvious fact that when you hold a GoldMoney account you are also subject to "counterparty risk". You risk the potential inability of Mr. Turk to redeem your digits digital warehouse receipts for physical gold. All his customers' gold sits there as a fat, juicy target for existing power structures. Just ask Mr. Douglas Jackson how that business model worked out for him. |
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The mind, like a parachute, has to be open to work. Most people are just followers anyway and very few are willing to actually do the hard intellectual labor of thinking. Let alone the harder intellectual work of changing how others think!
I suspect the run to bitcoin (pardon the pun) will start when the upper-tier deleveraging becomes more apparent to the mainstream investor. Rumors of QE3 and now the actual event makes everything look rosy at the moment but the buzz won't last. RUNTOBITCOIN.COM!!!  LOL! |
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No need to use Mises regression theorem (to me bitcoin is a good proof that this theorem is limited/wrong).
As I understand Mises's regression theorem per Rothbard: "[money] must develop out of a commodity already in demand for direct use, the commodity then being used as a more and more general medium of exchange." Bitcoin follows the theorem perfectly if it's perceived in its environment: the network. TCP/IP itself has already been commoditized long ago and IP addresses, domain names and network access themselves are all commodities. Bitcoin is a natural evolution of the network and trading on it, just as gold, silver and seashells were natural progressions of trade in the meatspace. +1 Yes, pre-existing commodities/assets have been re-organized into a new form (the essence of entrepreneurship) to create a new commodity that is valued in the marketplace. |
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I just call Bitcoin the Future of Money. It works in my opinion. Calling it Internet money or something like that makes it sound like Monopoly money in some peoples' ears. The OP's suggestion is definitely very crowd specific, as a general definition that is horrible but in some circles it might be very good.
+1 |
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I believe tools like the following for "in person" exchanges can be beneficial to avoiding the use of banking services: http://TradeYourBitcoin.com |
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Lol, they buy you $3000 worth of bitcoins for payroll and the market crashes or Gox is hacked, by the time you receive it in the morning it's now worth $1500. If you had EFT deposit, and were a gambling man you could easily set up your account to receive payroll and sweep funds to a bitcoin exchanger automatically or have it sent to an ATM payroll card you've mailed to an exchanger to pay you out. Just hope the price per coin doesn't plummet
Of course the inverse could happen too - your paycheck doubles by lunchtime and you call in sick for the next two weeks!  |
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Seems like we are wasting a lot of computer cycles just to stitch blocks together  We should focus on solving world peace. By wrestling control of the monetary system out of the hands of central planners you effectively strip away their ability to tax. No taxes means no funding for endless wars. Sounds like a great way to bring about world peace to me.  |
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