If he get elected now, the first thing he will do will be to try and shut down that Bitcoin thing.

None the less its an important subject.

The original client should have a miner in it. That was how it was designed from start.

If Bitcoin reaches a 100 million users who all have the original client and let it mine in the background.
That would make Bitcoin way much much safer? Even if it was only 10% that would be 10% safer and thus 10% more value for free.
Because a huge part of the real value of Bitcoin is the cost of what it takes to own or brind down the network.

Problem is this also mean more competition for the big miners.
I know that some of the people working on the client are big miners.

I see a conflict of interest in that if its not easy for avarage people to mine. And there are certainly lots of gamers with new graphic cards who would like to mine if it was easy. But cant be bothered otherwise. Only a few percent can be bothered if its much trouble.

This gives them a greater piece of the cake.
Especially now in "early" times.

Its a matter of not only democracy/decentralization but also safety.

The vision was that anyone should be able to get some Bitcoins, by turning their computers on and having the client running in the background if the wanted, to help the network and for this sometimes get a reward.

Is now gone. Its no longer easy for an normal computer user to start to mine.
Its not in the best interest of Bitcoin, but in the best interest of a few single individuals.
How come?

In the long run, those percents really counts.
Especially if a goverment or private person where to attack the network by for example hacking some of the big mining sites.

An easy way to mine should be included in the mainstream client ASAP.

This also shows clearly that a Presidentail candidate should not have things he want to keep under the carpet.
What would had happened if a evil group where to use this after he was a president to push him in certain directions?

 

It would just look silly if he payed and denied it.
Think about this.
What if they said. a million dollars to be paid in diamonds.
Would people think diamonds are bad?

Blekko is the only search engine that has come close or surpased google when I tried it a year ago.
Than fall back into habit...

Bitcoin creditcards? Bitcoin wallets like Bitcoinspinner for Android, super easy to use webwallets like coinbase and mywallet at blockchain.info.
Sending Bitcoins, via twitter, email, facebook...

What would you rather accept? A Bitcoin backed credit or a real Bitcoin...
Its possible, but with Bitcoin, what you see in your Bitcoin adress belongs to you, and you can look up that the coin is really there in blockexplorer etc. Its not just like some numbers in a bank account.

Ok, than I can guess you are using google Chrome.

But even if not, google track where you like to go, that you often go here, thus they put this site as relevant for you.

Whenever Bitcoin is not mentioned, suspect and investigate corruption. Bitcoin clearly reveals where banking - media have friends or ownership and work together to corrupt. Banks are the only one who have things to lose on Bitcoin getting known. Bitcoin appears to be a part of this story since there are two adresses.

The company that oversee the libor interest rate together with BBA is Thomson Reuters, same company who owns the worlds largest news company, Reuters. So people on the worlds largest news company, probably new the interestrate was manipulated.

Barcleys now resigning CEO Marcus Agius is also a  boardmember in nothing less than one of the worlds biggest state owned TV companies BBC.

For Bitcoins to be successful, it has to be able to replace the existing debt!

Whos debt? This reveals a thinking stuck in old system.

Should it replace, US debt? The Zimbabwe debt? whole worlds debt?
All money in the world, including chinese Yen or just the dollar?

Short answer is ofcourse: No.

There is really allready countries which has dual currency systems which works absolutely perfect.
In fact a dual currency system often works better.

Bernard Lietaer: Money diversity
http://www.youtube.com/watch?v=T9EI2PrDpmw&feature=related

It does not have to replace anything to be useful.
A glass can exist and be useful without having to replace all the old glasses.

I can get BTC10 that was not created out of debt, by selling something for them, doing some work, mining them, trading them
for debt based money.

I can trade a sock for 0.1Btc if I want. Without caring how many dollars a Bitcoin is worth.

When I have those. No need to use debt based money anymore.
(Except to pay taxes.)

Its not hard.

And Bitcoin does not belong to a single country.
Its independent.

Bitcoins are legal its just numbers...

Most likley scenario this is a planted manufactured media anti Bitcoin campaign.

How come?

There are plenty of reasons to try and hurry to get rid of a world currency that does not go down in value
and is out of their control so they cant print money.

A currency that does not spy on people and force people to give their money to banks and dont spy on them-
Before people get to understand how good it is.



If there really are hackers having the information.
There is not a single reason for them to go in public with having the information.
If they wanted money.

Not a single one.
They simply would not go to a newspaper, they would go to
where the money is.


If hackers wanted to get payed in Bitcoin.
They would not go public to a newspaper with that info.

Since it would mean the value of Bitcoin could be negatively affected.

If real hackers wanted to get payed.
They would not publish the adress in public in a newspaper.

Because now he cant pay.
Since its public it would be like showing everyone he is guilty.

Thus it becomes impossible to pay.


The fact that its in a newspaper.
It specifically mentions Bitcoins as the payment method.
The adress is published so everyone can look at it.

And even tells everyone what it is they should look at.
Its a joke.

The first rule of a true extortion, to NOT reveal the info you want to get payed for.

But there are plenty of nice reasons to create such a fake campaign.

1. Fool Obama team to send Bitcoins to the adress. WIN

Get journalist a reason to show everyone that he did pay his taxes.
Make Mitt Romney appear as a hero. Who have nothing to hide. WIN

Make Bitcoin look like a bad payment system. WIN.
Buy cheap Bitcoin and get it regulated. Value goes up. Tripple WIN.

Or get a public consensus created a reason to crack down on Bitcoin. Tripple WIN.

So no obviously absolutly no reason to go to a small newspaper if this was real.
Plenty of reason to go to a small newspaper and "plant the made up story" if this was fake.


Another reason if its a fake.

2. Mitt Romney really is guilty. Publish it as something "hackers" found out. Mitt Romney is stuck. He cant pay so the documents will be released. Win. Make Bitcoin look like a bad payment system Win.
Buy cheap Bitcoin and get it regulated. Value goes up. Tripple win.

Or a created a reason to crack down on Bitcoin. Tripple WIN.


Its simply a campaign to connect Bitcoin with something bad.
The selected the tax info papers, because noone would get harmed and they ofcourse know that he had nothing to hide.

They made the misstake to publish the Bitcoin adress, so people would think it was something real.
Oh look, it even has a adress, it must be real by those hackers.


What really gives it away is that.
They didnt think of the fact that if it was real.
The adress would never hade been published and a newspaper never contacted.
Since it means he absolutly can not pay


Ofcourse they are not going to buy a lot of Bitcoins and send to a adress.
They just cant do that.

In short it screams a manufactured media campaign written all over it.


They want people to think they what they need is money that spy on them.
Their family, friends, mothers and fathers, politicians, judges etc.

Your Credit Card Is Spying on You
http://www.newser.com/story/85372/your-credit-card-is-spying-on-you.html

Well, people will need to pay tax with the countrys currency.
So there will be a need and use of that countrys currency and I dont think citizens of a country would want to totally get rid of their own currency.

Its also an opportunity for any country. Like the internet. Creating jobs and getting millions in money.
The countries first to adopt new technology will earn most on it.

In fact if I where a government I would like my citizens to hold highest amount of Bitcoins possible as it might be the currency of the future on internet. It can be regulated by random inspections.

Though .com, .net, .org should be avoided at all cost.
They can be pulled away.

I´m not sure they will bother that much right now either.

Bitcoin needs to grow to $150 to be more than a tiny tiny problem.
Its so small it would be allmost embarrasing right now for them to care.
Thats what I think, but I might be wrong. They might not have to much to do.

Though in reality Bitcoin benefits every single human in the world. Except the 100 bankers who own the majority in the big banks.

No trust in them.

They have to prove themselves FIRST.
Like lots of other organizations have done.

Thats why economic downs are called depressions

Yes, sell some when you are making a profit.
Save that money to buy in when price goes to low.
Than you will start to look at it like an oportunity.

But in the long run. Dont worry.
Bitcoin is the worlds only real digital currency you can own there are billions of people just waiting to discover what Bitcoin really is.

Why should you learn everything you possibly can about Bitcoin?
Let me give you four reasons.

1. As Bitcoin spreads like a viral each coin could easily go to $100-$5000.
You simply do not want to be left in the dust if/when that happens.
2. You and everyone around you need a digital system with sound electronic money, you own. Not the corrupt banking kartel.
A system of money not created out of thin air but out of energy.

3. It might be unstoppable.

As long as there is atleast one person who have downloaded the blockchain containing every single transaction. Which you do with the default program.
The network can allways start again.
Why? Because anyone can forward transactions by mining. This means that Bitcoin could
be virtually unstoppable.


Something like that.

How about if they raise their fees to 1%?

That happens when you pay your friend back lunchmoney with Bitcoins.

If you want them to go up, you should spend some and in that way support the growth.

Love it.

And then we will take over the world No stupid.