It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.
And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.
Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.
Um, I'm not a libertarian. I'm actually a socialist anarchist at heart. I support Bitcoin in part precisely because it opens up an alternate form of currency and value in nations for which trust in the local currency is sketchy at best, in crippling hyperinflation at worst. Perhaps you're not aware of the fact that more people in Kenya have smartphones than they do running water. The internet itself began as a technology reserved for an entitled few, but has become *the* global form of communication, used by both rich and poor. I sense a rather smug "better-than-thou" elitism in your own words, so I don't plan to waste a lot of time trying to get you to see Bitcoin from a different perspective. But I suspect that you would have written more or less the same words about the Internet in the mid 90s - on paper with pen - and hand delivered it to a local computer user group - of largely heterosexual white males. China is rapidly becoming the dominant hub of Bitcoin activity. I don't think they would take too kindly to your claim that they are "white". In fact, they might consider you a bit of a racist. But continue to boycott Bitcoins. It really doesn't matter to anyone but you. The world will continue to evolve technologically, but there will always be those who - for whatever reason - resist progress. Also, boycott dollars. They only serve to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged. Maybe you can find someone who will accept payment in leaves or bark. Just don't oppress the trees in the process of collecting them. |
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These days I live in Holland, but I was born and raised in Poland, though today I consider myself a citizen of the world.
Unfortunately as it turns out, the World does not issue passports, and without a passport a human being is nobody.
So I am doomed to have a nationality, even though I think nationalism is stupid and inhumane
http://en.wikipedia.org/wiki/World_PassportNow accepted as a valid travel document in at least four small countries. (That said, I've considered getting one on principle. But then again, I'm also an atheist and an ordained minister in the Universal Life Church, so there you go.) |
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No, that is not what I mean.
Sorry, I added to my thoughts after you responded. And they're not directed at you specifically. |
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The PERFECT underground currency; a peer-to-peer virtual currency, free from government control and interference; free from taxation if you had worked it properly, untraceable and the ideal currency for a completely anonymous world-wide network of free marketers, buyers, sellers, investors...
..in short, a Brave New World of independence and freedom.
You mean a "utopia"? (Sorry, had to say it.) Really, the "Well, it was good while it lasted" attitude of easy surrender I'm seeing on Reddit and forums is quite frankly pathetic, IMHO. Bitcoin is bigger than us. America decides that it wants to lay a heavy hand on Bitcoin? Fine, it will just redirect itself around that "error" and succeed in elsewhere in the world. Or it will evolve to meet the challenges placed upon it by an ever-deteriorating superpower. DarkWallet, for example. Throwing up hands in despair at the first conspiratorial whiff of government intervention is juvenile. Scurrying off into ever smaller enclaves of altcoins is similarly juvenile. We live in the real world. If anyone thought the American government was going to look the other way and let Bitcoin jeopardize the future of its fiat is naive to say the least. We meet challenges head on. At least those we believe in. |
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Oh no, someone was sensationalist in the media?
I'll alert the ... oh, nevermind.
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I realize all the comments above are true but you must understand lots of people around the world are hesitant to use btc because of drugs being bought using this so maybe if btc had no connection to hackers or drug dealers more people would buy it
Tell them to take all of their paper money and burn it because it all has traces of cocaine on it. ALL of it. If they refuse to think critically, it's not your fault. If you insist on judging people before knowing their situation, it's not our fault. You know who else thinks those people are "sketchy" and will refuse them an account? Banks. You know what won't? Bitcoin. |
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Domain names,
Hosting in Iceland,
VPN,
Music,
A Raspberry Pi.
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The good news is that crashes generally happen when nobody is anticipating them.
I take reassurance in a sense of uneasiness. Blind confidence is what's dangerous.
There will be rises and drops, and rises.
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[EDIT! Also notice that the domain name has only been registered for one year. Sounds like they're fully committed.]  Forgive my ignorance, but: Domain Name: COINVALIDATION.COM Creation Date: 2013-09-20 15:32:00Z Registrar Registration Expiration Date: 2014-09-20 15:32:00Z Registrar: ENOM, INC. Reseller: NAMECHEAP.COM Registrant Name: JONATHAN WARREN Registrant Organization: JONATHAN WARREN Registrant Street: ONE PENN PLAZA Registrant City: NEW YORK Registrant State/Province: NY Registrant Postal Code: 10119 Registrant Country: US Admin Name: JONATHAN WARREN Admin Organization: JONATHAN WARREN Admin Street: ONE PENN PLAZA Admin City: NEW YORK Admin State/Province: NY Admin Postal Code: 10119 Admin Country: US Admin Phone: +1.5132561868 Admin Phone Ext: Admin Fax: +1.5555555555 Admin Fax Ext: Admin Email: COINVALIDATION736649336799@JONWARREN.ORG "jonwarren.org" [I Feel Lucky] *click* "Oh, what's this? A subdirectory called /post." *click* Uh oh. Copyrighted music. Just right out there for anyone to grab. Tsk tsk. --- Despite all that though, no contact information on the Coinvalidation website, no Privacy Policy, and a "Bitcoin Validated" logo (validated by whom?) that links nowhere. Yeah, total trust.
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And for the last time I don't give a fuck about Bitcoin's legal status, and neither should anyone else. In fact, we should assume that's illegal and make sure our infrastructure is robust enough that it doesn't matter.
Engrave this in stone. Somewhere stony. |
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"Only extremely narrow dogmatic ideological purity is permitted in this Libertarian Bitcoin Utopia. Free expression of a variety of ideas that may or may not reflect a particular opinion but rather explore the spectrum of current thinking in the realm of cybercurrency is forbidden. We're liberty-loving freethinkers here, after all."
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I will be the lowest, laziest form of scum you can imagine. I.e., I will pretend to be "poor" even though I'm not. So you will become everything you claim you despise. If you can find it in you to live a life like this, you should perhaps pursue what may be your calling.
..we will essentially all become higher order beggars and criminals.
Please don't speak for me. |
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"502 Bad Gateway" this morning.
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Not holding my breath for what I have left their either. It's not much, but as the price spikes, it pinches.
Also, who the hell is the 2.029Gh still mining there?
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Remember a couple of years ago all the conspiracy theorists were talking about one world currency, one world government, chips, all that stuff? Every day Bitcoin looks more and more similar to it. Sometimes I think we have been tricked into using a currency that offers us no privacy at all.
Yeah we may become insanely rich, but there is a price we pay for it.
They're still talking about it. And the Build-a-Bears. If it will help you sleep better at night, though, I have a Bitcoin Wastebasket in my profile. Keep the Internet clean.  |
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It is not a good idea to use the same wallet.dat on multiple computers, they will go out-of-sync after many transactions or as soon as you start adding labels. A good way to lose money, as eventually one wallet won't have addresses that are in the other.
A very good point, and can't be made enough. |
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I will cash 1BTC and spend it frivolously. And cling to the rest tenaciously.
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I've only got a few, but ...
welikebtc.com/org/net
nymbit.com/org/net
bitcoin.sl
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