No, your assumption is wrong. It’s not a 5 million dollar economy. It’s just a number of the current Bitcoin trading price projected at all Bitcoins in existence in an abstract manner and I think you know that.

Nothing is wrong with you clearing the orderbook if you want to. Nothing at all.

Fiat Money is sort of a Ponzi Scheme because it assumes constant economic growth every year along with the inflation which is simply unsustainable in the long run. It’ll all come crashing down and those who have access to central banks are the winners.

Anyway, I take this thread as an opportunity to promote this Ponzi Scheme for just 1 BTC.

I’m talking about changing any of this. If you use Bitcoin, you agree to it.

I can assure you that any changes to it would destroy Bitcoin due to enormous panic sells and very little demand. Also, it would make it impossible for me to trust any future currency of this kind – and I’m sure I’m not alone.

The government doesn’t encourage you to make your own system if you don’t like theirs. They want to force it upon you.

I want you to make your own blockchain instead of tampering with Bitcoin. If you ever damage Bitcoin’s trust in this way, I can assure you they will be worthless the next day.

My Bitcoin wealth is private, but I have enough to be concerned. Still I appreciate your input, because now I’m pretty sure that inflacoin wouldn’t succeed.

Changing the very foundations on which a currency was built is an attack, no matter what.

I learnt about it on a chan, too. This kind of viral marketing is the best approach imo. Just spread the word every now and then and let people discuss …

Very true, although it’s 7200 BTC per day at constant hashrate and difficulty (50*6*24).

Of course investments help, but they aren’t much more than a limited stimulus which wears out fast, as we have seen – real growth will come from shops accepting Bitcoins which create a larger, long-term demand.

Maybe people should check this thread out, I think it’s a very important thing.

Can we get this video to the bitcoin.org frontpage? Maybe along with your talk?

I agree with grondilu. Please let’s focus on people who Bitcoin appeals to at its current stage: Libertarians, programmers, investors, certain entrepeneurs, some artists, early adopters. Don’t waste your energy on anyone you cannot possibly convince.

rothschild, can we please keep this board SFW? You are damaging Bitcoin’s reputation with stuff like this …

Imagine the same thing with a stock. Why would I ever invest if the rules are going to be changed, maybe even multiple times, as seen fit?

This currency was built upon the foundation of a certain controlled inflation rate. If you tamper with it, you tamper with other people’s investments which were made under this assumption. So essentially, this would be fraud/theft and lead to an enormous drop of trust in a currency in which trust is the only foundation.

Start your own block chain.

Buy Bitcoins with fiat money or work for Bitcoins. See this for buying.

Also, you will not help by mining if it only costs you. You would only push out more efficient miners out of the market who do it purely for profit.

Obviously, sellers and buyers are expecting the price to rise. So why would anyone sell that low?

There’s a Mining GUI that should work perfectly for you.

Pandora’s box opened once again.

See my ratings on http://bitcoin-otc.com/viewratingdetail.php?nick=Blitzboom&sign=ANY&type=RECV

I’ll rate you on the OTC and the forums afterwards if you wish.

Vote this up on reddit: http://www.reddit.com/r/Bitcoin/comments/g99it/what_is_bitcoin_professional_animated_video/

Why? You can sell stocks that you think will depreciate in value and buy those who’ll appreciate.

Quoted for preservation.

The client should become more user-friendly in this regard in the future, but if you don’t want to bother with it, you should make an account with an e-wallet service like mybitcoin.com.