That is an interesting point.  

Ebola, if it requires quarantine, could tear apart our liberties and freedoms and way of life for the socialistic "for the people".    

That is if the government (or Russians who had the bio-weapons development since they cheated the Chem/Bio weapons treaty since the 1973 treaty) didn't create the whole disease/crisis in the first place.

So the ends justify the means?
Just admit that please.

Please tell me you are being sarcastic.

Europe is NOT an example of a sustainable form of Capitalism/socialism.  It IS failing.

Capitalism does require -some- regulation, but too much and you kill the golden egg laying goose.   

And EQUALITY OF OUTCOME is not a desirable goal.   Only in OPPORTUNITY, requiring incentive and motive, as outlined in the Declaration and Constitution in protecting individual rights over group rights.  Forced charity is not charity, but force.
 
There is a myth among many that seem to think that the growing inequality between classes is the fault of the far right and extreme capitalism, when in fact it is the left or socialistic policies and 'crony capitalism' that increase that gap by obstructing class mobility;  RESULTING IN REDUCED "CLASS MOBILITY".   For example, raise taxes on the rich and what happens?  The rich pay tax attorneys who get them a lower end tax rate than the low class, or no taxes at all, while the middle class ends up with a higher obstacle to succeed and gain wealth by paying proportionally a much higher burden because we all can't afford a tax attorney.  Thus moving from middle to upper class is obstructed by socialistic good intentions.

THat is the key to maximizing personal liberty, respecting personal property, and reducing the gap between the upper and lower class; TO INCREASE CLASS MOBILITY as a goal, or the ability to move up in class,,,OR DOWN,,, if you fail, as ENRON did, GM did, and the huge bailout "stimulus" at the end of the Bush administration to save banks who were "too big to fail".  THAT was Bush's major failure; he should have let them fail, and broken them up like the baby Bells.  THAT is why we have had an anemic economic recovery, with high unemployment, poor workforce participation and the highest number of people on welfare and food stamps ever.   

Nothing or nobody is 'too big to fail' or you risk not having any risk in business which defines success for the majority. 

It is all about "CLASS MOBILITY".  To deny that is to deny human nature in working in self interest;  a mistake the Soviets made when they tried to create the "New Soviet Man" who would have no self interest, but only act in the interest of the collective.

I don't think if you look in North Korea, Russia, or China or any other socialist paradise that you will find an EPA, child labor laws, or OSHA.   

You will find how if you as a citizen of those places complain of any poor or lacking treatment, will find yourself in deep shit if you ever ask for such protections though.  You might be lucky to survive to make it to a Gulag, where labor laws are.... well you work until you are dead.  Aleksandr Isayevich Solzhenitsyn wrote extensively on that subject being one of the few survivors of that treatment.

Perhaps you missed it, but my very first statement on the post above was that for Capitalism to work there has to be morality, and charity.   The child labor was of course brutal.  The socialist system is even more so.   And 19th century Europe was by no means the highest form of the free market.
 

Look at the achievements of the respective systems, and you will find all the major advancements happening in capitalistic systems, while socialism produced,,, what,,, the AK-47?  Lake Karachay?  Yamantau Mountain?

Absolutely!

Austrian economics WORKS. (unlike Keynesian economics)
Here is a short video, actually a rap, that condenses a semester of ECON 101 into a song, and is quite entertaining;
http://www.youtube.com/watch?v=d0nERTFo-Sk

Another great book is F. A. Hayek's "The Road to Serfdom".

I disagree.  Socialism has NEVER been a practical solution to poverty.  In fact, it makes EVERYONE equally poor in practice.

I think Capitalism (which is a term created by Karl Marx to describe the free market), if it is to work, REQUIRES morality, and charity, and can very much be a horrible system at it's worst, however there is nothing that comes close to it at it's best.

And Socialism at it's worst is pure hell on earth.   At it's best, socialism cannot compete, and is incredibly inefficient, as well as inhumane.   Anyone who saw Stalin's USSR, or Mao's China, or Pol Pots Cambodia, or Kim Il Sung's North Korea will attest to the lack of ANY freedoms, and rule by terror.  

It is ironic that the system of Socialism claims to work "in the name of the people", never seems to fulfill that promise.  In fact, Socialism's security is diametrically opposed to, and opposite of Capitalism's freedom, in a zero sum equation;  The more of one, the less of the other.   And the worlds worst atrocities have been done under socialist pogroms, upwards of 40 million innocent Soviet civilians under Stalin's purges (did you see the Russian movie I posted above The Checkist?) and upwards of 60 million Chinese in Mao's cannibalism in the Great Famine and cultural revolution.

Given the choice, I would rather live in absolute freedom, risking anarchy, than the jack boot of big government on my neck.

Socialism has been around for over 100 years now, and it has never worked.

NEVER.

Actually the quotes as Marx defined are;

Capitalism: Privately owned means of production.

Socialism/fascism/Nazi: Government controls the privately owned means of production.

Communism:  Government owns and controls the means of production.

Not mentioned by Marx is "Crony Capitalism", which falls after capitalism and prior to Socialism, where government and private industry conspire against their enemies, and with disregard to the free market.  
-This is where we are today-.

The bottom line is either you love freedom, or you will sacrifice freedom for social security, or socialism/communism.  Upwards of 100 million civilian deaths in the 20th century will attest to this, as per "The Little Black Book Of Communism".

An interesting, yet horrifying film the Russians themselves made after the Cold War is "The Checkist", which I can barely watch.
http://www.youtube.com/watch?v=_RQVSHfuPCQ

It should be required, as should Alexander Solgenitzen The Gulag Archipelago.

Chuckee might have somewhat more credibility if he didn't resort to the Ad Hom attack as a default.  I just don't engage in those discussions because that resort is proof of a lost argument.  As such I suspect the agenda of WHY someone would even waste his/her life on a message board trying to make such negative arguments.  Sorry Chuckee, but my bullshit-o-meter is pegged when I see these tactics in argument.

Sgbett on the other hand, has reflective thoughts that are not only proving research he has done, but cautions that even he can be wrong.  That makes me think he is credible. 

The artificial depressing of the BC by the whales can only be done at increasingly high cost/pressure against upward prices, to eventually slam shut like the jaws of a bear trap.

Eventually prices will move toward the equal balance that only the market can dictate.  The resistance against market price rise is eventually going to collapse.  And it will be all at once.  And it can happen at any time.

Ok I get it.  There is nothing like an off line paper wallet for security, but the hassle for the non familiar is a major detriment to using Bitcoin.   That is why I believe Circle and Coinbase have started the insurance of their accounts to make Bitcoin more usable.  And If people were losing their bitcoins from their coinbase or circle accounts it would be made known far and wide, and Mt Gox is already the example to avoid for these companies.

I know the paper wallet is the ultimate, but I am more likely to lose my bitcoins by losing the key or a hard drive crash or screwing up the process to create the paper wallet.  It looks complicated to the uninitiated.

There will have to be trust in these institutions in order for the average idiot like me to have trust in Bitcoin.

I am hoping (not for a dollar collapse) and hodling, but my concern is that in 14 months 1 Bitcoin, or $560,000 only buys a gallon of milk.  Certainly ,I will promptly pay off my mortgage.   Whether either has any value is my question.

Hey!  /\What she said /\

With all the good news surrounding Bitcoin recently, this is the only realistic explanation with the prices lately. 

I am thinking to buy and HODL.

Best post of the thread. 

The cheapest energy is what?  Coal? 

Heck, I want to invest in relocating a large bc mining operation to the Alaska north slope to facilitate cooling, right next to a large coal fired power plant! 

Heck, I will even supply a free coffee barista 24/7 for all employees!

1- month $100-300

1-year 5000. (At the halving in 2016)

5-years 200,000

I am wondering what you think will replace capitalism?  The alternatives are rather terrifying.

It is hard to tell if anyone on this thread is serious.

Exactly.  I'm just glad that for the first time I found something I am early into, and make no mistake we are very early into Bitcoin's life.  The volatility alone is just one indicator, and we are seeing wild daily swings of 10 percent or more, and for some perspective, a normal stock fund putting out 9 percent returns a year is considered good.

This is going to be like riding a bucking bronco for a while, and if you don't want to get hurt you don't ride the bronco at all, but if you want to win you nut up, hang on tight and at least try to enjoy the ride because this could be fun.