Always did good by me. And there's a bunch of others who would say the same. There's got to be more to it than this.

The answer has to do with what money is, money in reality, not what the dictionary or governments say it is.

When the price of an item at the store goes up or comes down, the price remains the same if you consider the item as the money rather than the US Dollar as the money.

Consider Bitcoin. The price of a bitcoin in relation to another bitcoin is still the same. If you want to buy a bitcoin with a bitcoin, you will always be paying a bitcoin for the bitcoin you buy. Therefore, it is not the bitcoin price that is fluctuating. The bitcoin price has never fluctuated. It is the price of the US Dollar that is fluctuating. You simply have an incomplete focus.

Why doesn't the dollar fluctuate in price with regard to all other items the way it has been with Bitcoin lately? It's because of the people and the stores that sell products and items. Actually, there is great variance of prices between stores. Just look at airline prices on the Internet. Look at appliance prices for the exact same product made by the exact same manufacturer. There is great difference in price depending on where you look. Yet, if you want to swap one refrigerator for another that is exactly the same, the "price" is the same also.

The whole point revolves around the kind of value people place on things, and the methods they have available for evaluating value.

People would be wise to become better investors with everything that they buy, by evaluating all products with the idea that the products are all different forms of money. Don't look at the dollar as money. Rather, look at gasoline as money when you are at the pumps. Look at food as money when you're at the grocer. Do it so that you start to get the feel for trading rather than placing all your eggs in the US Dollar as money.

When enough people want Bitcoin, dollars will become a thing of the past. Then, after the Internet collapses, we'll be back to barter, or gold and silver.

Of course Bitcoin will reach $1000 one day. But it won't be a full day. Then it will be headed to $2000 and beyond.

The banks will start implementing regulations that will make it difficult for Bitcoin to be cashed in. Then Bitcoin will drop back down.

Since programming is so much fun, how about an option, a checkbox, that allows a seller's price to remain at whatever high it reaches.

For example, let's say that MtGox reaches $1000. And let's say that I have my selling price set at 10% over MtGox. This would mean that when MtGox reached $1000, my selling price would automatically go to $1100, right?

Then lets's say MtGox dropped to $900. But the checkbox would allow my selling price to remain at the high of $1100 rather than dropping to the new rate of 10% over MtGox - $990.

Just a thought.

But when you have complete control over the currency, you can gradually bring a commodity under your control by offering x amount of currency for y amount of the commodity at the state-controlled banks.


Government doesn't care about looking stupid if they can nip it in the bud. Government doesn't have to control the supply of Bitcoin. That is already done in the Bitcoin parameters - 21 million. All they would be offering to do is buy your bitcoin for an ounce of silver, same as the dollar.

Difficult to ban. You would have to take industry offline just to stop industry from using Bitcoin under the table. Take industry offline and you lose all the way around as a government. Besides, the people would cry out against Internet controls.

Not "bitcoin bills." Rather, simply anyone could go to the bank and exchange their dollar or their bitcoin for, say, an ounce of silver. The point would be to place Bitcoin on an equal footing with the Dollar.

Of course, nobody would go to the bank and get an ounce of silver at today's bitcoin prices. But everyone would become a bit leery about obtaining more bitcoins for investment purposes when the bank was saying that they were willing to give them only the same amount of silver for a bitcoin as for a dollar. They wouldn't know for sure what other folks were doing. So, they would be a little slower to buy or trade for bitcoins.

Wouldn't this start to bring the dollar back up with relation to bitcoin?

See my topic, What if Gov puts the Dollar and Bitcoin on the Silver Standard, 1 to 1?, at https://bitcointalk.org/index.php?topic=333424.0.

I read on a little political forum a brief comment regarding this idea.

If government is afraid of losing it all (income taxes, and control of the whole money industry) to Bitcoin, might they not do something like this? I'm not saying that it would be a dollar an ounce of silver or anything, but maybe a tenth of an ounce of silver for a dollar, and for a bitcoin.

Sure, the Treasury might have to print more money until the thing took off, but wouldn't this successfully throw a wrench into the Bitcoin works?

Seems to me that the price of Bitcoin would gradually come down against the dollar. Somewhere along the line, things would stabilize, and then Bitcoin would just die. And if it wasn't a great boon to Government to do this, at least they wouldn't lose complete control. It would give them time to think of ways to control all the cryptocurrencies.

Of course, with the dollar on the silver standard, things would start to normalize in the money industry, wouldn't it? What do you all think?

I haven't listed my coins for sale yet, but if I do, I would ask way over MtGox price. I don't care if I sell them or not. If nobody will pay my price, I'll just keep them. They're going to go to the moon, you know. Maybe not this time. Maybe not easily. But they will.

I'd say, if you have money invested in Bitcoin from back somewhere, and you haven't gotten your principal out yet, that's what I would aim for... breaking even. Then keep the rest to see what will happen.

Just a thought...

On your site, whenever there is a box to fill info into, you have a little question mark (?) next to the box. If a user clicks the "?", they get an explanation about what the box is for. That's good.

Did you think about using the free overlib.js script from http://www.bosrup.com/web/overlib/? You simply hover your mouse of the "?" in order to get a little floating box, that disappears with mouseOut.

I would think that would be easier than clicking. You could probably still have the click option available for folks who needed to do a big study.

Just a thought. 

His business might be down the tubes. Too bad. I liked the loads at 5% or more above MtGox.

Why not Moneypaks, or a method of direct deposit to a debit card at, say, Walmart? There are many people with Walmart debit cards. Of course, I never tried loading a Walmart card at a Walmart without the card, using only the number. I think I'll try it.

By the way, since you talk about breast cancer. Personally using Jim Humble's MMS. Great stuff. Suposedly cures all kinds of things, including cancer. http://www.mmsnews.org/



Edit: Okay. I just tried it. Walmart doesn't accept loads to Walmart debit cards without the actual card in hand.