It's more the reverse I think. If it is used more widely then the value relative to other currencies will go up. But there is causation the other way too.

It would be pretty hard to buy a house with bitcoin right now since you would need more than all of them, but as you went to get them you'd drive the price up yourself. The trouble is that the deal is hard to work out, what do you say buy bitcoins until you've spent $2M USD and give me that many? That doesn't exactly give incentive to get the best price on them. The other way has the same problem "Keep giving me coins until I've sold them for a total of $2M" now I don't have much incentive to get a good price and we're denominating in USD anyway.

So wider trading will allow bigger trading which will open up more opportunities making the economy wider... but it won't happen all at once.

Speculating (by buying now) that it will happen eventually will help it to happen faster too. Offering to trade goods and services will help the most though.

It looks like Luke is the one to contact.

http://www.youtube.com/user/lukebessey#p/a/f/0/QG4jhlPLVVs

I listen to stef a lot. Hadn't seen this, it is nice.

I'd do $7 for you on PP, but I don't have AlertPay, sorry.

I realize that you aren't getting paid here. I just want to say that I think getting paid for showing people where to get content is absolutely fine. And a whole lot of people agree with me too, they just freak out when it gets direct for some reason. If you had a site that linked to freely given content like what you provided and had ads on the side nobody would complain.

 

I can't even find it at all.

Instead of insisting on 5 by a set date and shutting down if you don't make it why not trigger a release, for example, on the first Monday after you get 5 qualified articles?

Also it isn't a real problem if 4 or 5 of the articles are yours in the beginning. It's pretty unreasonable to think that high quality stuff is just going to appear in the beginning, it needs to be cultivated. If you are willing to do a magazine by yourself you may as well use it to transition to the community mag that you want.

Cool, inevitable imo. I amp and I'm going to mail a little and promise more when an onsite address appears.

I doubt something of that strength will matter much at all. Bittorrent is used over and over and over to distributed works that are 100% copywritten with no ambiguity, but there hasn't been much success shutting that down.

I think a few more assumptions can get it even higher. Even at our current low rate of wealth creation there will probably be 50% more wealth in 10 years or so. Plus if bitcoin is a better and freer money then wealth can be produced even more quickly. So maybe double that 10 million. Also if people are confident in the money and in future growth they may be even more willing to save in bitcoin as opposed to consuming quickly (on the margin at least).

Ultimately I think this high level will not be fully reach because there will be other good ways of saving value that will be found or created.

He said equal food. Maybe he meant more and equal, but that's not possible. The drag of the equality bureaucracy guarantees insufficiency. 

Guns and rules don't get us more food, they equalize our food by reducing it by limiting who can make food because if people are just making food all over the place it is hard to control and measure and standardize and tax and charge monopoly prices.

If people are free they will eat it is as simple as that. 

This is what I meant. I thought maybe you just used Xtranormal to show your script.

What? Don't they work for you? If you don't get service that you like stop paying, they aren't going to force you to keep paying, they aren't the criminals.

/sarcasm

Interesting for sure. The bitcoin extranormal is a place holder I'm guessing?

I like the shared urban garden thing. The guy says strange things though. "If we decide it's a good idea" Getting permission from the nonexistant "we" means nothing ever happens. "Everyone should get the same amount of food" That's awful. We don't all need or want the same amount of food or water or clothes or houses. And having that as a goal sets you up for needing a hell of a lot of guns and rules.

I would expect a lot of places that need water can't get a lot from the air. But the fog machine is cool for where there is fog.

These problems have one source that will be clear if anyone takes action to solve them directly. It's the idea that people can legitimately rule over each other. It will be cool if the video will say so explicitly.

I'm happy to keep giving feedback as you make it. Or to stop if you want 

Jason, quoting is helpful. I find it more helpful if the quote is on top, maybe just because I'm used to it. I think other are the same way.

These are all problems that can be solved in many ways. Choosing a solution isn't in bitcoin's domain imo. 

There is no space on the dollar for a message either. Messages are a different thing and should be dealt with separately. 

No nation no national debt. The best part about this is that it's already true! The nation is an illusion.

I for one would hate to be on the lender side of a debt with no names attached.

Oh snap, selling all coins now. How did we not think of this?

I for one thought that ~150 transactions a day would be plenty. I can't believe we forgot about spam.

If you want to accept P2P money for your business you choose the one that actually has people securing the chain and people spending and accepting it. There would need to be a pretty compelling reason to start a new system.

Imagine if a new fax machine was invented 5 years after the original fax machine, but it didn't work with any other machines already in use. It would have to be a lot better to overcome that. I think it would have to be a whole new thing not just an improvement.

I'm sure it will be tried though so we'll see. I bet there will be an inflatocoin tried.

The government settles disputes between itself and others in America. The only thing clear about the process is that they control it.