there are literally thousands of laws just in the US about cryptography. believe me - any time the g feels like pressing charges they will. they don't need any new laws.
While I acknowledge this, you have not provided any statutes that back up your claim that "Bitcoin is already illegal in most places. even in the US." nor will i. do your own research. start here, if you need a hint: http://en.wikipedia.org/wiki/Export_of_cryptography_in_the_United_Statesthere's plenty of citations, *.gov sites, and references for even the most steadfastly masochistic. |
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and if my kidneys go bad, i will never accept dialysis...
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Human beings only have two ways to deal with one another: reason and force. If you want me to do something for you, you have a choice of either convincing me via argument, or force me to do your bidding under threat of force. Every human interaction falls into one of those two categories, without exception. Reason or force, that's it. ummm... no. sex. mutual lust is not forced. but i don't believe the data is at all supportive of the idea that 'reason' enters into it even a little. in fact, the most common conclusion by those who study love, sex, and lust professionally, is that it is its own particular form of insanity. chemically-induced, apparently. and then the argument could be made that civilization exists for the protection and nurture of the offspring of that lust. but we'll save that for another day. |
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I don't see paypal getting much bigger  Also, my logic is if in my example, 21 million bitcoins were used to buy 70 billion dollars worth of stuff, then 1 bitcoin was used to buy 3333.33 dollars worth of stuff. If my logic is in error please correct me if i'm wrong. i guess the issue i see is that there aren't 21 M BTC. you're comparing the current strength/numbers of paypal to the known numbers but unknown strength of Bitcoin - in the year 2040. and by the time there are 21 M BTC, either paypal will be dramatically weakened - and possibly out of business - or BTC will mean nothing. |
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I am not a marxist or an austrian, I think they are both absurd.
I know that you think they are absurd. I am not interested in what you think. I am more interested in if you can justify it. don't tell me what you believe - tell me what you do, and i will tell you what you believe. ~MB |
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couldn't you just enable keyboard assistance (or whatever it's called in windows or MacOS), and use your mouse to enter passwords?
Sure, but you can swipe mouse events just as easily. hmmm. my understanding is that you can only capture mouse position events, no? use a different keyboard layout every time... |
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couldn't you just enable keyboard assistance (or whatever it's called in windows or MacOS), and use your mouse to enter passwords?
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Bitcoin is already illegal in most places. even in the US.
do a little research into the legalities of cryptography....
Please try to "prove" your statement. FYI: Some cryptography programs cannot be legally distributed on USA servers, but they can be used by end users. One simple example is http s (SSL); If cryptography itself was as illegal as you imply, then there would be no eCommerce, correct? are you in the US, and do you connect to slush's pool in the czech republic? did you download the Bitcoin client from a server located in another country? i believe the case could easily be made (by Department of Commerce's Bureau of Industry and Security) that you have committed a felony. the difference between a good bureaucrat and a bad bureaucrat is that one will look through the lawbooks until he finds a law that says you can do what you want to do - but the other will look until finding a law that says you can't. there are literally thousands of laws just in the US about cryptography. believe me - any time the g feels like pressing charges they will. they don't need any new laws. |
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My two cents.. Lets compare to paypal http://en.wikipedia.org/wiki/PaypalPaypal does 70 billion in transactions in a year. If bitcoin gets the same size then 70,000,000,000 USD 3333.33 USD ----------------------- = -------------- 21,000,000 BTC 1 BTC $3333.33 USD / BTC paypal does 70M transactions in this year. but there aren't even 7M BTC minted. so really, your equation works out to over $10,000/BTC. now. but once Bitcoin starts eating into paypal's business - soon now... very soon - it will tilt to an even higher exchange rate. |
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Who cares that the random hash generated has lots of 0s? me. |
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Bitcoin is already illegal in most places. even in the US.
do a little research into the legalities of cryptography.
it pretty much depends on how various governments choose to interpret and use the laws they already have on the books. there's probably a good reason why the chinese haven't taken much to Bitcoin - my understanding is that a license is required there, to use any kind of crypto.
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hey... what happened to satoshi? didn't he used to be somewhere out in the middle of the atlantic ocean? |
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So, a little more than 4 weeks to $100. Around 9 weeks for $1000.
You are right on the money, so to speak. If it does not burst in the meantime, that's the way a bubble inflates, exponentially on the upper slope. If I were to have any bitcoins I would hold on to them and plot the daily/weekly view count of the "We use coins" video. Sell when the view rate levels, or, for the most adventurous, when it starts to decline. that might have been valid a few weeks ago - but no longer. Bitcoin has gotten so much attention, so much press, and so much word of mouth, that any one expository link is almost irrelevant. i've gotten two other folks involved with Bitcoin - and sent neither of them to that video. and - incidentally - neither of them are mining. one is buying, and the other is putting together a business plan to sell goods for BTC. |
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Wait for Facebook or Apple to jump on the bandwagon first, or some other tech giant. Possibly Google, in response to banks rejecting NFC payments. "Representatives of three of the country’s largest banks, Bank of America, Citigroup and U.S. Bank, attended a meeting last month organized by the Merchant Advisory Group… to talk about the new opportunities that mobile technologies, such as NFC, will create for the payments industry.
“You know what they (banks) told us? There’s just not a business case right now,” Dodd Roberts, head of the merchant group, said last week http://www.chyp.com/media/blog-entry/different-dreams-about-the-future-of-posI just wonder if and how the network could hold up against mass adoption. Wouldn't Facebook, Google or Apple simply set up there own block chain? every day i say a little prayer to whatever gods there be, thanking them for steering Satoshi away from the idea of calling his invention iMoney... |
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i'll stick with our most reliable prognosticator: vladimir.
so...
$20 by the end of july.
$100 by the end of the year.
$1,000 by the end of 2012.
i'm talking about reasonably stable exchange rates, with a clearly established floor within +/-10-15%.
at this point, i'd be expecting a correction of some weight by june 15-20. not that i care.
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"serious brokers" won't be able to do with Bitcoin what they have historically done with fiat currency: privatize profit and socialize losses (i.e., foist off their losses on the public taxpayers).
they can't. there's no Bitcoin government to print more Bitcoin to pay them off.
so i don't really care if they want to get involved. all the credit-default swaps in the world won't change how many Bitcoin there are.
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Yeah more people obviously need to sell on e-bay.  batcoins? ooooo - i loooovvvvvve baseball. and al capone. can you sell me some? |
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fascinating.
we have a country.
and john adams (Izsaver) stands up for the british who fired at the boston massacre.
truly fascinating.
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How about this... anyone should be able to send any amount of money to anyone, whenever. Liberal or conservative. (as if there's a difference)
agreed. and i'll point out that it's quite possible. given the Citizens United decision, all you have to do is incorporate. |
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