well, if we want to be precise, we should note that the financial crysis originated from two anglo-saxon countries, from USA globally and from Germany's unfair economical procedures in the european area, but I see your statement in a provocatory/joke way and I'm smiling behind the keyboard   note that I don't want to start any kind of war, mine also was a provocation, I have relatives and I have lived in the USA, and now I live in Germany and I totally love both places and the people of both countries, southern countries mainly have to learn from them  

By the way, I agree that commas are usually unnecessary, but when the numbers start to get bigger than a billion, they might be useful, expecially when the digits aren't just zeroes  

Noted. Probably part of the reason Southern Europe is so shit at managing their finances if they don't know where the decimal point should go!


Agreed fully. I don't usually use commas myself. We are in the truly globalised information and monetary world now and commas in numbers are an unnecessary affectation!

I was smart to sell those coins. It was not long before bitcoin was at 2.01. I was personally waiting for it to drop to the $1.00 range to buy in again and I was planning on buying in big. Oh well, missed my buy in point but was close enough.

Bitcoins now should be worth more than they were in early 2012 when I wrote that. It has been out longer and the technology tested better. However, the $800 price for a bitcoin is still crazy in my book and unsustainable.

I would assume they do, but Im retarded when it comes to many things.

I know if you buy a whole bitcoin for $840 right now, you verify that next "notch" in upward price movement by "accepting" someone's price.

Does the act of buying 0.5 BTC have the same effect on pushing up the price?  Or only 50% of the effect?

Thanks.

Beacause they can?
The ignorance level here is over 9000

I really hope they take it seriously and implement demurrage in the USD.  That would send people to BTC in DROVES.

and also, on the economics side... if you know about bitcoin and you live in Argentina or Zimbabwe, are you going to stand by while you watch all your money lose value? destroying your way of life, not just of yourself but your whole country? This is a voluntary action you need to take, the government doesn't have to be involved to save your money. Some countries have gone directly to the Euro or the USD. on a world wide scale BTC will be accepted by those who fear losing their way of life the most because of inflation, all these small currencies across the planet losing value, how much are they all worth together in dollars?

If a proper infrastructure is created, Safe transactions, good merchant clients, Trust worthiness ratings for merchant addresses, merchant verification signatures, instant verifications... why would we need banks, when everything that a bank provides can be safely implemented from within your own home?

How much is the Bank infrastructure costing the economy? 10 billion world wide? 100 billion? 4 trillion dollars a year!!  that is massive... just imagine the savings. everything you buy could be half price, more movement for the economy, the speed of money will be 1000's of times faster thanks to removing this banking bottleneck to the economy.

and i'm not even getting into the possibilities of the blockchain, ownership verified products, legal document time stamps, open sourced corporations, Decentralized governments, etc.  All we have to do is just get all the features that people want into the software... It's open source, the best fit for your needs is what you will use.

It won't be the first world that sees the true possibilites of cryptocurrencies it will be the poor countries that no one wants to do business with, provide credit or money services that will start to piece the economic infrastructure together, they will finally be able to be part of the world economy and purchase goods from around the world from the safety of their own homes.