I'd say we're looking at 3-5 years for massive global adoption, but we'll see.

Watch this video and you'll understand: The Biggest Scam In The History Of Mankind - Hidden Secrets of Money 4

Yeah, use one communal bitcoin address and share the private key. Trust each other. That's the future anyway, more trust, less central authority.

You don't understand what I'm saying to you. Cryptocurrency liberates the people from the currency-monopoly, and thus the authority, of the nation-state.

Credit scores are being rendered irrelevant! If you divest from the dollar into crypto, your debts are rendered irrelevant too, as over time they are eroded into only a tiny fraction of your wealth!

Think about it. Let's say I've got 60,000$ of student debt. The law says I've got to pay back 60,000 DOLLARS... now if Bitcoins value continues to increase relative to the dollar year over year... eventually that very large sum of money will actually be a tiny fraction of the value it once represented in your life. This is financial liberation of the highest caliber!

That's right!!! That's exactly why the internet - and Cryptocurency is so good for the world! The age of government bullies getting their way through force and violence is over!

What healthcare? I'm one of the millions of Americans who is STILL without any healthcare to speak of. I'm also under-employed, with no retirement benefits to speak of.

My Bitcoin brain wallet is my bank, and they can't block it. Short of outright torturing me for my brain wallet passphrase, they're powerless to touch me financially now.

If they don't send men with guns to my door, they ain't touching my daily activities. If they do send men with guns to me door, well I've got guns too, and I know how to use them. *shrug*

Read this thread: If Bitcoin had existed in 1930

Everyone keeps citing that we'd be evading taxes, while completely missing the fact that cryptocurrency makes enforcement of the tax laws 9999999 times more complex and difficult.

So the IRS is tracking Bitcoin transactions? Okay cool, there are like 60 other cryptocurrencies we can use in that case, and more are being created every single day.

Have fun expanding the size, scope, and budget of the IRS by a factor of 60.

The harsh reality is this:
Very soon the IRS will be more expensive to run than the amount of money they bring in for the government. They are being rendered obsolete, and will go the way of Blockbuster Video. Ditto the NSA.

Guess what: You also can't download movies and music "legally", but millions of Americans download hundreds of terrabytes of culture every single day, without any fear whatsoever.

Cryptocurrency liberates money in the same way that torrents liberated culture.

The governments are powerless against decentralization. Useless. And I personally hope no one bails their sorry asses out, because fuck those tyrants, liars, and slavers.

Bingo. Smart crypto players keep a small percentage of their crypto wealth in a public (government visible) account, such as Coinbase, and the other 90-95% of their wealth in an anonymous blockchain address.

The most common misconception I hear from friends and family is that Bitcoin has "peaked" in value, and that they're "too late" to benefit from investing now.

I've tried my best to explain why that's illogical, but the argument comes from an emotional place (regret, envy of early investors), and people seem largely immune to logical arguments.

Yeah, the "convenience" of the big banks and the governments who have financially strangled their populations for generations... because THAT'S what everyone desires.

Because THAT'S what is making Bitcoin so popular in all the places in the world with hyper-inflating fiat currencies.

You are delusional, pal. Everyone is sick of the greedy big banks and their evil, manipulative bullshit.

It is cryptocurrency's liberatory power from those very institutions that has gained it so much traction so quickly in the first place!

The next time a government tries to coerce its people into a war, those people will divest from that government's clownish monopoly money, and invest in crypto, thus liberating themselves from empire slavery.

Cryptocurrency is the death of the tyranny of the nation state.

Notice the only discussion of renouncing US citizenship is listed under the "travel" section of the government.
http://travel.state.gov/content/travel/english/legal-considerations/us-citizenship-laws-policies.html

That's because, up till now if you reside in US-government occupied territory (including entire continental USA), you have no choice!

"You live on this land, you obey our rules, you give us our cut, or we treat you as an enemy of the state."

Sound familiar? Yeah, that's right - it's the logic of the fucking mafia! "we own this property. You live here, we own you".

Cryptocurrency is eroding this neofuedalist bullshit, and exposing the lie - the injustice of wealth extracted at the point of a gun.

In the near future, as the costs of being a citizen pile on, and the benefits dwindle, I expect many current residents of the USA will be renouncing their citizenship.

As we rob nation-states such as the USA of their power, this paradigm will shift toward respecting the natural rights of individuals, and away from the tyranny of central authority.

Desperate times call for desperate measures.

They had a form of money that gave themselves a monopoly on power through control over the printing (=inflation) of currency.

We invented a far superior form of money, completely transcending their greedy, selfish system.

Is anyone surprised they now want a piece of our pie? They're bullies! They've always been bullies.

Look, the IRS could have chosen the path of reason and logic, convinced us of the merits of government and the reasons we should support it (as crypto-enthusiasts are doing every day!). Our government could have chosen to solicit donations and raise awareness of the value of roads, schools, fire departments, police, water treatment, recycling, and garbage collection. But they didn't.

Every government has this choice between reason and force. And all of them have chosen coercion and force, because up until cryptocurrency, this was the path of least resistance. They felt justified because "we're the federal government!", just as feudal lords felt justified in the use of force against disobedient peasants, because "We rule by the will of god!". Both are bullshit, of course.

Cryptocurrency is making that path - the path of force and violence - impossible and irrelevant as we speak. This is a great thing for all the people of the world excluding the oligarchs!

In the future, governments will need to justify their existence through virtuous action, rather than impose their existence and their will on the people by force, deception, and manipulation.

Technology (specifically augmented reality), and the ever-accelerating speed at which information flows, will soon make deception obsolete and useless as a method of getting what you want. Any authority which relies on the combination of deception and force will melt away, like early-spring snow in the first light of dawn.

Nation-state governments will either adapt to this new environment by changing their ways (for the better of all humanity) or they will destroy themselves by struggling to cling to their ill-gotten power.

Wrong.

*shrug*

By 2020 fiat will be dead, and the advent of cryptocurrency will have changed the socio-political make up of our planet in profound and far-reaching ways.

O RLY? Cool! Now it's not 28 people, but 28,000 people in my consensus-based, communal money mining pool.

Please tell me how the IRS will go about legally proving me a liar when I make this claim.

One more thing I forgot to mention. It's also pseudonymous - our pool, I mean. We don't know the others identities, only how many of us there are.

All decision making happens on a public internet forum. Now what?

The slaves have invented their way out of fiat-slavery, and there's nothing you can do about it. Or the IRS.

Fixed that for you.

The IRS wants to have it's cake and eat it too.

"It's not money! ...err...  but we're going to have to ask you to give us some of that money, please."

What a joke. Our Congress legislates slower and slower, while technology moves faster and faster. They are hopeless. Doomed. Irrelevant. Obsolete.

This is going to end the same way the copywrong war ended. Individuals win, central authorities lose.

IRS and every other nation's fiat-money enforcement departments = Blockbuster Video = OBSOLETE

Taxation by what nation? How can a nation-state tax international income that supercedes the sovereignty of the nation-state? Sorry, does not compute.

Let's say our group received this money as a donation - we didn't mine it ourselves. Let's say we can only spend it by group consensus.

An international partnership which transcends any single nation's laws! If the USA can tax the PRINTING/ GENERATION of international, worldwide money, can every other nation do the same?

So each time we mine BTC we are forced to pay income taxes to all 14 of the nations in which all of us live? Does that sound reasonable to you? No, it doesn't. Because it's highway robbery.

BITCOIN IS SOVEREIGN. LEARN IT. ACCEPT IT. LOVE IT.