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.

What you say is true. But we need somebody to explain this to people in general, big time. What kind of a method would work, to explain I mean?

The bigger and more popular the Foundation gets, the more they centralize Bitcoin. Why? Because the PEOPLE are so used to centralization, that they naturally look for something centralized to be a leader. Just look at all the business exchanges do.

The Foundation is NOT irrelevant. It's downright dangerous to the little bit of freedom that Bitcoin has brought into being among us.

The China problem exemplifies the the Bitcoin problem worldwide.

If Bitcoin did not exist, and people wanted to trade electronic/digital/virtual currencies worldwide, what would they do? They would do what they have done. They would use regulated digital currencies like PayPal, or Western Union and Moneygram, or they would turn to unregulated things like Liberty Reserve and Egopay. We all saw what happened to Liberty Reserve, and many of us have seen what PayPal was at its beginning and what it has evolved into because of Government regulation. And what about the granddaddy of them all, eGold?

Bitcoin is a piece of unique, innovative thinking/designing/programming/implementing. Bitcoin works. It is practical. But... like as Bitcoin is unique and innovative, we now need something else that is just as unique and innovative that makes Bitcoin interchangeable with any world fiat, yet without the regulation and control of the banks.

People may be able to stop using fiat currencies when trading. But such will be difficult to implement. It will take people, or companies, from every walk of life, making and selling their products and services without the use of fiat at all. This is difficult to do in the light of Government intervention - at least in the cases of bigger companies.

We need another unique innovation. We need a method, a process, special programming, something that can integrate fiat and Bitcoin, yet something that bypasses Governments and bank censoring. There are folks working on this. Who will see it through successfully first? If MaidSafe finally becomes a reality, it just might be the stepping stone to the innovation that relieves us of all that regulation.

Think of all the exchanges that will crop up to trade the various altcoins withe Bitcoin and each other. Of course, With Mastercoin, Counterparty, and soon-to-be-MaidSafe, we might not need any exchanges. It might be automated by various programmers building on top of these protocols/platforms.

The bitcoin is in escrow with Bitquick.co. The question is, if the buyer provides a Photoshopped receipt, or the seller won't confirm that he has received the funds, how does Bitquick.co know when to release the bitcoin? Do they just hang on to it forever until the truth comes out in some wash? Or is there potential court litigation?

We need to see one of two things now. We need either to see the Safecoins showing up in our Masterchest or other Mastercoin wallets. Or we need to see the actual working MaidSafe platform. Either way, if they don't want to or can't, what choice do we have outside of litigation? However, we went into it with our eyes wide open (shut?).

Wow! I would have never guessed that something like open source heartbleed could have been found that fast.

Logic among everyday people says, don't play with Bitcoin.

Logic among those who are into computers and programming says, Bitcoin is freedom and protection from fiat.

The Bitcoin community is very small compared with the number of people on the Internet. Yet look at the volume and value of it (Bitcoin).

We need more everyday people to start using Bitcoin. And they are. It will just take a bit of time.

Fiat is legal tender, not money. You can use fiat and money to trade for things.

Money has long been described as something of value that has been "coined." Usually it is precious metals. Sometimes it is salt, depending on where you live, and the times. Fiat has no inherent value. Fiat is not money.