Time to investigate a resource based economy!
RBE requires a willing populace, and most people are brainwashed. Let's take it one step at a time  Once we have the globe on an acceptable level of education (e.g., the majority aren't drones for corporation X), then we can talk about RBE. This... Economics is the science of housekeeping of scarce resources. A non-resource based economy is an oxymoron.
... is an example of the brainwashing. |
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I've been using them since November. As a broker, they are not subject to false order books like exchanges allow. If you place an order with NSF, you may risk credit rating or possibly legal repercussions. I think brokers like these will improve the legitimacy and image of Bitcoin. Direct deposit is the only added value and you pay dearly for that.
In what way do you pay? |
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What a bunch of FUD. I can't even begin to point out all the nonsense. Before I intended to respond, I read the Acton Institute Core Principles and realized that this organization is a wolf in sheep's clothing. Monetizing their religion by dictating "free market principles" is nothing new. Bitcoin doesn't need these moneychangers.
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http://www.prweb.com/releases/bitcoin/bitcoin-review/prweb10651826.htmForexMinute is the world’s leading forex news website, providing investors all the required tools to become a top class forex trader. The ForexMinute.com team offers global investors an array of resources, including financial news by the minute, fundamental analysis, technical analysis, forex tools and much more. The aim of ForexMinute is to provide investors the leading forex education tools, so they can visit their leading forex portal whenever it suits them.
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It's wonderful you hold these societies in such high esteem. Surely they will bring your salvation when the barbarians are darkening your doorway as has happened to every civilization in history. Your politicians and economists have the answers you are looking for.
Either that or humanity will die out. It's always been the freedom-fighters and paradigm-shifting philosphers that have led the revolutions and evolution of every new social system. In fact, they are the ones that pay the highest price to defend humanity against itself. It's your politicians and economists that shy away from progress and lead toward austerity and a more Modest Proposal. Those freedom fighters didn't hoard tokens to inherit their decedents for them to become the new elite. Are you saying that politicians don't hoard money for their progeny? Are you saying they are freedom fighters? Yes. Bitcoiners are non-violent freedom fighters. Bitcoiners don't hoard like politicians, they don't brainwash populations like economists, and they don't build WMD's like scientists. Their battleground is virtual and their ammunition is cognitive dissonance. |
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It's wonderful you hold these societies in such high esteem. Surely they will bring your salvation when the barbarians are darkening your doorway as has happened to every civilization in history. Your politicians and economists have the answers you are looking for.
Either that or humanity will die out. It's always been the freedom-fighters and paradigm-shifting philosphers that have led the revolutions and evolution of every new social system. In fact, they are the ones that pay the highest price to defend humanity against itself. It's your politicians and economists that shy away from progress and lead toward austerity and a more Modest Proposal. Those freedom fighters didn't hoard tokens to inherit their decedents for them to become the new elite. Are you saying that politicians don't hoard money for their progeny? |
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It's wonderful you hold these societies in such high esteem. Surely they will bring your salvation when the barbarians are darkening your doorway as has happened to every civilization in history. Your politicians and economists have the answers you are looking for.
Either that or humanity will die out. It's always been the freedom-fighters and paradigm-shifting philosphers that have led the revolutions and evolution of every new social system. In fact, they are the ones that pay the highest price to defend humanity against itself. It's your politicians and economists that shy away from progress and lead toward austerity and a more Modest Proposal. |
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Bitcoin isn't a flawed technology.
It is just not designed to function as a practical system to build a society on. It was meant as a proof of concept and was hijacked by a weird libertarian cargo cult.
That word has become meaningless in today's Jerry Springer world. This post-modern patriot plutocracy needs a new technology, flawed or not. That's why the first non- experimental cryptocurrency which comes after Bitcoin has the greatest potential for long term success. Essentially Bitcoin aims for the same kind of plutocracy we had in the past, that's why it will ultimately become irrelevant. That word has become meaningless in today's quantum-relativistic pot-smoking Sagan-worshipping, post-modern neo-scientism world. Everything is an experiment. Nothing is black and white, right and wrong like they used to be in the good old days. One day people will look back at how good we had it with Bitcoin and troll the message boards about it. Not in reality. The academic societies of Economics, Computer Science and Mathematics don't really care about our sub-culture here. And the one where it comes to Business and Politics cares even less. It's wonderful you hold these societies in such high esteem. Surely they will bring your salvation when the barbarians are darkening your doorway as has happened to every civilization in history. Your politicians and economists have the answers you are looking for. |
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Be sure to save bitaddress.org and run it offline for extra security.
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Just a suggestion, but I am still hoping someone will create a program that will produce these from a deterministic wallet. |
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Hydrocarbons are too volatile to be used for the building blocks for life. It's a wonder we don't all just explode! Or maybe volatility is what makes life possible. Viva le volatility!
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Bitcoin isn't a flawed technology.
It is just not designed to function as a practical system to build a society on. It was meant as a proof of concept and was hijacked by a weird libertarian cargo cult.
That word has become meaningless in today's Jerry Springer world. This post-modern patriot plutocracy needs a new technology, flawed or not. That's why the first non- experimental cryptocurrency which comes after Bitcoin has the greatest potential for long term success. Essentially Bitcoin aims for the same kind of plutocracy we had in the past, that's why it will ultimately become irrelevant. That word has become meaningless in today's quantum-relativistic pot-smoking Sagan-worshipping, post-modern neo-scientism world. Everything is an experiment. Nothing is black and white, right and wrong like they used to be in the good old days. One day people will look back at how good we had it with Bitcoin and troll the message boards about it. |
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Bitcoin isn't a flawed technology.
It is just not designed to function as a practical system to build a society on. It was meant as a proof of concept and was hijacked by a weird libertarian cargo cult.
That word has become meaningless in today's Jerry Springer world. This post-modern patriot plutocracy needs a new technology, flawed or not. |
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Outstanding! This will be very useful for People that use Bitcoin ATMs and don't want to use smartphones. I'm a big fan of paper wallets and hope the development continues into deterministic wallets.
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What are you all talking about? Transactions are irreversible, remember?
They are only irreversable when sufficiently confirmed. I agree about backing up the private keys and re-spending them with a fee. |
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http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htmSchmidt also revealed that Google wanted to create a rival to Internet peer to peer currency Bitcoin. The company planned to call it "Google Bucks." Though Schmidt said peer to peer currencies like Bitcoin are "a great idea," Google Bucks never got off the ground because these currencies are illegal in many countries. It's not illegal now. Let's see Google try to make a rival to Bitcoin, and then eventually end up mining Bitcoin. If google were ballsy enough to make a bitcoin mimic, that would be the end of bitcoin. Googles reach is far, bitcoins is small. Does anyone have an estimated on how many active bitcoiners there are? 1 million, 2 million? Google has an audience of what 1 billion, 2 billion? And they could easily incorporate into google checkout, with the funds to not have to stress if someone trades a $40,000,000 house. http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htmSchmidt also revealed that Google wanted to create a rival to Internet peer to peer currency Bitcoin. The company planned to call it "Google Bucks." Though Schmidt said peer to peer currencies like Bitcoin are "a great idea," Google Bucks never got off the ground because these currencies are illegal in many countries. It's not illegal now. Let's see Google try to make a rival to Bitcoin, and then eventually end up mining Bitcoin. If google were ballsy enough to make a bitcoin mimic, that would be the end of bitcoin. Googles reach is far, bitcoins is small. Does anyone have an estimated on how many active bitcoiners there are? 1 million, 2 million? Google has an audience of what 1 billion, 2 billion? And they could easily incorporate into google checkout, with the funds to not have to stress if someone trades a $40,000,000 house. Shhhhh... don't give them ideas! It is not just Google, even Facebook, Twitter and and all sorts of other sites could pull the rug under Bitcoin's feet if they decided to utilize their user base. The coins would def be different in terms of the technicalities, they certainly would not require mining. I think the only plus(for us) is that most big companies would probably be to stubborn and would make the coins centralized around there own branch of companies similar to how gift cards work. An advantage for "them" would be that the system would turn a few blind eyes when it comes to regulations, we all know the law loves to fall on side of the big guy. If Google, Facebook, Twitter, and Yahoo all tried to start their own cryptos, they would all try to 51% attack each other. Nah, better they mine Bitcoins. If any of them tries to 51% attack Bitcoin, the others would defend Bitcoin to make sure they don't profit unfairly. They would each start their own Bitcoin mining pools for their customers. Competitive capitalism at its finest. |
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Coinlab is intended for primarily HNW customers.
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As long as you want Bitcoin to stay highly volatile and useless as a currency, then they are fine. They will constantly attract DDOS attacks, if you enjoy that kind of thing.
I detect no reasoning behind these claims. 1. Use Bots to cause volatility using algos. 2. Volatility causes panic buying/selling. 3. Panic attracts DDOS attacks and in turn amplifies panic. (This is speculative, but generally accepted.) 4. Market crashes. |
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The Bitcoin community of active miners is larger than the staff of Google, yet their stock is valued over $600. That hardly seems fair that we have to pay so much for something issued by so few people.
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As long as you want Bitcoin to stay highly volatile and useless as a currency, then they are fine. They will constantly attract DDOS attacks, if you enjoy that kind of thing.
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