And this brings us to Bilderberg. I think when it comes right down to it, we will find that Satoshi was a Bilderberg creation - a total fabrication - probably done by one of the lesser Bilderberg families, that didn't like the way the major Bilderberg players were directing the world. They may have even had approval from Builderberg, as a backup in the event that Bilderberg plans failed. Or they may have been challenged by "reigning" Builderberg families, like, "Go ahead and try it. It won't succeed." Of course, they might have done Bitcoin in total secrecy.

Anyway, we are a long way from "proving" Bitcoin one way or another. Sure, it has had its successes. But it is a long way from even starting to challenge the fiats of the banking system.

Do you want to get into true ethics? Become like Elijah in the Old Testament. Live out in the wilds. Make no agreements with any man (or woman), especially regarding property and money. And read the Bible constantly until you have a correct sense about how to spread the Gospel among any people you might come across. But if you aren't going to do the Elijah bit, you are breaking ethics all the time, simply by living in society.

Use Bitcoin. There is less of an ethical violation than when using fiats. The Queen of England is the beneficiary of the Social Security System.

If you have a birth certificate and a Social Security Number, then you haven't removed the State. No marriage license is, however, a start.

Consider a UCC-1 filing. See http://www.abodia.com/ucc/ to begin your education.

If you already have done your UCC-1 financing statement, keep studying so that you don't wind up accidentally opting back in.

If ANYBODY ever feels that using Bitcoin is in some way unethical, spend the hour and a half that it takes to listen to http://www.youtube.com/watch?v=l428i3WAkuU. You will see that the whole world of BANKING, etc., has screwed ALL of us, ROYALLY, for the last roughly 400 years. If you get all choked up about what you hear in this video, do the research, and you will find out that it is TRUE. Then come back here and cry about ethics some more.

You might want to include in your video watching, http://www.youtube.com/watch?v=4WUzUbHAzus, which is a follow up, sort of.

Now, I'm not saying that any of the stuff in these two videos is going to do anything for your lifestyle. Use it at your own risk. But the thing that these videos does is to SHOW US WHAT HAS HAPPENED, WHAT IS HAPPENING, AND HOW THE CROOKS IN THE BANKING AND GOVERNMENTAL INDUSTRIES - yes, government is an industry - ARE NOT EVEN HONORING THEIR OWN LAWS WHEN WE PICK THEM UP AND USE THEM (the laws).

In the face of all this, Bitcoin might not stand a chance! But Bitcoin could, also, wind up being the thing that gets the SYSTEM in its Achilles heal. Wake up to life! Get of the ethical, cry-baby trip about Bitcoin.

Any idea how long yet, before I can go to the MaidSafe site, and download the install.client.exe, and click the icon in my download folder, to install it on my Windows machine?

I'm ready to donate some bandwidth and hard drive space, especially if I'm going to get paid a little.

Thanks.



EDIT: I'm actually getting fat just sitting here waiting.

What Bitcoin is or is not remains a question. However, Bitcoin is NOT the FIRST global reserve currency. The United States Dollar as we have it now is a global reserve currency that preceded Bitcoin.

The Federal Reserve Bank is the maker and controller of the USD. The Fed is an international company. The fact that it resides in the United States simply gives benefits to the people of the United States.

If the U.S. decided to shut down the Federal Reserve Bank, they couldn't do it. They might be able to make certain adjustments on how and where the Bank operated, but they couldn't shut it down. The most they could do is force it offshore.

The Fed is essentially international. The USD that it manipulates is probably the first TRULY global currency. It is a currency that is backed by debt and credit rather than value. The major difference between the USD and Bitcoin is that Bitcoin is a PRIVATE currency while the USD is public. The second difference is that the Big Banking Boys do not control Bitcoin directly. This IS because, Biotcoin, by its nature, is a private currency rather than a public one like the USD.

Bitcoin isn't attached to anything. That is, you can't "redeem" bitcoins for anything like you could redeem dollars for gold or silver in the past.

There are methods for attaching bitcoins to specific material items so that they are redeemable by trading them for the actual item. Counterparty and Mastercoin are two methods that come extremely close to redeemable currencies, even though the idea of both of these is simply to use the blockchain, through the use of bitcoin, as the security method for their protocols.

The blockchain idea is a tremendous technology. When the combining of it with the idea of redeemable items comes about, there will no longer be any desire for the dollar, or for fiat currencies. Bitcoin, itself, may fall by the wayside... except for the use of its blockchain, that is.

The "price of the dollar" drops when more money is added to the currently available amount. The "price of the dollar" is in essence the purchasing power of the dollar. With regard to Bitcoin, the "price of the dollar" is the number of dollars that you can trade for so many bitcoins.

Basically, the 3 things that control the value of the dollar with regards to Bitcoin are:
1. Manipulations by the Federal Reserve Bank, including dumping more dollars on the market;
2. The increase of the number of bitcoins due to mining;
3. The value that users of the dollar and Bitcoin place on both of them.

There are $trillions of dollars that are sitting on the books, in the ledgers of the banks and the super-rich, that if they decide to dump even fractions of the amounts available to them, onto the public market place, there just might be massive inflation that could destroy the dollar. Examples of this happening abound in many currencies around the world. One of the most recent and openly documented is that of Argentina, 2 or 3 times over the last 50 years. Another is WWII Germany, when the 3rd Reich was pressured by the war so that it didn't have any choice but to print massive amounts of the Mark.

If Bitcoin starts to threaten the dollar in any substantial ways, the only REAL choice that the bankers will have for retaining their position as the "Power Elite" will be, print more dollars, or dump more of what they have on the market. But the more they print and dump, the faster their system will destroy itself with inflation. However, there is a chance - a slim chance at best - that they will succeed in hypnotizing the people into accepting Dollars over Bitcoin. It will be interesting to watch the thing play out.

Since we are talking dollars here, and not Euros or some other fiat...

I think if you research it you will find that the formal national debt of the United states is around $17 trillion, and increasing. I say United States because the dollar is associated with the United States, formally.

Part of the way that fiat money works is that, for every debit somewhere, there needs to be a credit. What this means is that for there to be a debt, a debit, there needs to be someone who owns the debt - that is, a credit(or), a credit. This means that there has to be with regard to the United States, at least $17 trillion dollars sitting around somewhere.

The U.S. Dollar remains the main fiat money of the world, even though other fiats and other actual valuables are traded as money here and there around the world. I think that if you research it, you will find that there is something like $200 trillion worth of U.S. Dollar debt in existence around the world. This means that there also needs to be $200 hundred trillion dollars worth of credit in existence. NOTICE THIS. It is only debit/credit using the Dollar as a measurement of the amount of debit/credit. It is NOT Dollars at all! even though we call it dollars.

Now, by far the largest amount of this debit/credit, U.S. Dollar money has not been printed. It is simply entries in ledgers in the banking system and elsewhere. Yet, if the system collapsed today for one reason or another, what MIGHT the value comparison between Bitcoin and the Dollar be. Simple math would suggest that something like $9.5 million to the Bitcoin ($200 trillion divided by 21 million), BUT ONLY IF Bitcoin happened to take over as the world's currency.

Why is the collapse of all fiat money imminent? Because, as has been stated above, fiat is NOT MONEY. It is simply an exchange of debit and credit when people and businesses of the world trade real materials. In other words, fiat is simply using make-believe-debts to trade for REAL goods, materials and labor. When the people realize this, they will collapse the fiat systems, because they will also realize that all the trading that they do involves handing a portion of the trades over to the bankers, increasing the bankers' wealth for nothing in return.

The question is, when this happens - fiat collapse - will Bitcoin survive? Or will people go back on the gold and silver systems? Or will there be something else? Remember, unlike gold and silver, Bitcoin could collapse with a collapse of the Internet or the power grid. And like gold and silver, you can't eat bitcoins.

Bitcoin will probably never approach $1,000,000,000 per Bitcoin. But it just might outlast the Dollar when the fiats all crash. But you never know. When fiats are about to crash, banks might make gigantic ledger entries in a last-ditch attempt to stall the crash.

Bible:

Matthew 13:31,32
He told them another parable: “The kingdom of heaven is like a mustard seed, which a man took and planted in his field. Though it is the smallest of all seeds, yet when it grows, it is the largest of garden plants and becomes a tree, so that the birds come and perch in its branches.”

Matthew 17:20
He replied, “Because you have so little faith. Truly I tell you, if you have faith as small as a mustard seed, you can say to this mountain, ‘Move from here to there,’ and it will move. Nothing will be impossible for you.”

Luke 13:19
It is like a mustard seed, which a man took and planted in his garden. It grew and became a tree, and the birds perched in its branches.”

Luke 17:6
He replied, “If you have faith as small as a mustard seed, you can say to this mulberry tree, ‘Be uprooted and planted in the sea,’ and it will obey you.

I would like to know the absolute correct way of doing A4V (AFV), and the absolute correct places to send it so that it is effective for anything. Thanks.

My feeling is that the above statement is correct. If people had used Bitcoin quietly, it might have slowly become big without all the problems that it has had. And there wouldn't be so many banks and governments out to shut it down. It's all in the greed of the people who have tried to milk Bitcoin for all it's is worth that is the biggest danger to it.

eGold lost the game because it was centralized. The Feds had a focal point to go for. They went for the centralized focal point. Same with Liberty Reserve.

If they managed to take down Bitcoin somehow, there would be Litecoin, Namecoin, PPcoin, and a thousand more altcoins with new ones popping up all the time.

Bitcoin isn't a money and trade thing as much as it is a whole new way of life. The only way that they will be able to shut Bitcoin down is to shut down freedom entirely, and to cap all the new electronics and Internet innovations. Governments have been trying to do this virtually since the beginning of time, and they haven't mastered it yet. They never will.

That's all nice and cozy when you are sleeping. But the central banks aren't asleep. From the banks' points of view, the only reason for their existence is to tax people through inflation, and to tax governments through creating fiat out of thin air, and then loaning it to them, and then making them have to borrow more fiat to pay the interest on the loans, and then borrow more to pay the interest on THOSE loans, etc.

To the banks, it's all about taking up ownership of the world. The banks play the protect-everybody-from-depressions-and-hyperinflation game so that they can continue to rape the people and the governments of the world. There is no other reason. The banks are farming. And we and the governments of the world are their cattle.

Bitcoin completely throws a monkey wrench into their plans to take up ownership of the whole world!

Usually I keep a copy of the terms when I join. But I don't have any for Bitfloor. Maybe they don't have any. Try https://bitfloor.com/docs/.

Let's not try to compare decentralize with socialize. They are two completely different things. Yet they can be present simultaneously.

In the case of Bitcoin, decentralize means no central manipulative control by the few over the many. Yet socialize means everybody and his brother and sister swapping bitcoins for products and services, right from lowly person-to-person trades, to gigantic trades between giant corporations.

Socialize all you want. But keep Bitcoin decentralized.

MaidSafe recommends that we use the EldoS Callback File System for Windows. They also seem to say that the CBFS is not necessary, but that things run better with it. All I can find about pricing for this software is in the thousands of dollars, even for a single computer.

How necessary is the CBFS?
How much better would it make the MaidSafe system run?
Are we each going to have to spend $thousands just to get MaidSafe to run on our individual computers like it should?
Or is there a free version somewhere?

https://www.eldos.com/cbfs/order.php#product
https://www.eldos.com/cbfs/price-list.php

If Munger meant that Bitcoin users are the rats, and that Bitcoin is going to kill them, consider this.

In the event of an Internet shutdown, or a grid failure, or an EMP attack, Bitcoin holders just might lose everything Bitcoin that they have. What about people who use dollars? If they don't hold at least a little cash in reserve, such disasters as listed might be just as bad for them.

Keep a protected copy of your wallets, on a drive that is protected from EMP. Keep a paper copy of all your wallets.

If the disasters occurred, which would have a better chance of coming back online when things were fixed, the banks or Bitcoin?

If everyone tried to cash out his bitcoins in dollars, it would drive the price way down. So the whole fractional reserve idea with regard to bitcoins is either way more complicated or way simpler.

If everyone tried to cash out his savings account in cash - run on the banks - we would come to see that the true value of the dollar is ridiculously low. I mean, try cashing out your dollars for dollars when there is inflation in the mix. The longer you hold dollars, the less value they have.

Bitcoin is the far greater value.

China just might be the place where Bitcoin comes of age.

In America and Europe, there are many money institutions that allow transactions, knowing full well which ones are dealing with bitcoins and which are not, dealing directly, that is. If China banks decide they are going to filter all transactions, and totally disallow people that are dealing with bitcoins, what will happen? China didn't invent the Internet, but it is the place where the computers and all sorts of electronics are manufactured.

If the Chinese banks won't deal with people who use Bitcoin, the people just might stop dealing with the banks, since they have the electronics to deal with Bitcoin, and Bitcoin is far better in most ways that fiat. It may not happen overnight, but it just might be that China is the one that - against the will of her rulers - delivers us from fiat.

In America money usage is rather easy. We have a lot of freedom with how we use money, although that is changing somewhat. So, what do we do? We play with Bitcoin rather than using it. We dabble in bitcoin while living with fiat. If China banks deny fiat to Chinese people who use Bitcoin, what will the people do? Will they switch to Bitcoin, or remain with the banks? I suspect that they will find ways to deal with Bitcoin in a serious, non-dabbling way, all behind the banks. Meanwhile, we will continue to dabble.

The problem is that people don't look at everything as money. If people would stop considering fiat as money, and consider everything else in the world as money, their whole attitude would change.

If you trade Bitcoin for anything else in the world, world governments want to force you to give them a little fiat for making the trade. They want you to think that fiat is a special kind of money because the banks control it. So, whatever trading you do, even if it has nothing to do with fiat, governments and banks want to force you to go out and get some fiat and give it to them, simply because you made some kind of a trade.

Bitcoin is or could be a form of money that is entirely outside of the domain of fiat. Yet, almost any trading done using Bitcoin traffics within the domain of fiat at least a little, thereby making it part of the fiat system, sort of. The reason for this is that fiat has become so widespread, that it touches almost everything in the world and in life. And the few things that fiat does NOT touch, are talked about by bankers and governments in ways that suggest that they would want to them into the realm of fiat; and they will get around to bringing them in sooner or later if they can.

There is one method that I know of, that is respected by governments and bankers around the world, that remains outside of the fiat system, if it is used properly. The reason it remains outside of the fiat system is that the bankers want something else to fall back on whenever they need it this way. And they DO use it all the time between and among themselves. Also many rich of the world use it.

You hear about certain people and businesses, that are in some cases among the biggest in the world, yet they pay no income taxes for one reason or another. Many of these people and business use this strategy in everything that they do. This strategy or method is held almost sacred in the eyes of the super wealthy.

What does this have to do with Bitcoin and the price of Bitcoin? If common people wanted to use this strategy method entirely, implementing it in everything they do, while dropping the use of fiat at the same time, and trading using bitcoins for money among themselves, done properly, they would NOT be liable for taxes. As it is right now, without special implementation of some special strategy, if a person does NOT use fiat at all, he just might be able to eliminate fiat taxes from his life.

The point is, when the common people of the world finally figure out what this strategy/method is - I am not going to explain any more about it here; it's in use all over the place in many different forms - and when they implement it among themselves properly, then will be the time that they will TRULY start to throw off the various fiats of the world and become free. When they do this, Bitcoin will start to come into the true value position that it SHOULD hold.

Remember. Neither Bitcoin nor fiat have any inherent, intrinsic value in themselves. Their value is in the fact that people hold them to be valuable. Make Bitcoin valuable by making it the popular "money" of the world... or at least of your little section of the world.