Governments are backed by people, so when a government backs, say, the dollar, then that means people's backing is transposed onto the dollar.  As I posted in the other thread, a backing is an endorsement; bitcoin is backed by the people who say, "Yes, this is money!"  With every person who claims this by owning, trading and acknowledging that bitcoin has value, this backing becomes stronger.

One thing the world's states can't compete with is the fact that they have a limited amount of users to back their product; bitcoin is a global phenomenon, and as such, it can potentially be backed to a far greater extent than any single nation's currency.

You back a money like you back a leader; neither count without believers, otherwise gold would just be shiny yellowish metal and a leader would be a regular Joe.  In the case of money, a backing is a measure of how many people endorse that object as their choice of money.

When a money is represented by another object, let's say in paper form, then the paper itself isn't money, but currency; the intention for the paper is not to act as money, but to act as a convenient way to trade money, to act as representations of that money, and so that currency is considered "backed" by, say, gold, which is then "backed" by endorsement; all is well at the moment.  To say one day, "Our money is no longer going to be backed by gold" is quite the perversion, then; the backing placed in gold, which the paper represented, was taken away, but the belief in the paper remained; the paper then wrongfully took that backing into itself, and, like all paper currencies do, that belief is steadily slipping away and back to where it rightfully belongs, in money.

So while money is backed by endorsement, paper which fails to represent money is backed by bait-and-switch.

Sounds like most of my birthdays; I don't really care for them myself, so I don't expect anyone else to.

I'll take you seriously once you list any other way this would've worked without a central authority.

As you can see, the threat that anyone caught selling CP will be punished/ostracized has resulted in CP being sold in secret.  The only way to reveal these secret trades is to put a stop to privacy.  Thoughts?

If you gotta ask...

It's caused by overactive Si, which is worsened by Te; see here and here for the most obvious examples.  These are your rule-followers; bible-thumpers and government lapdogs, and their main job, when it comes to social concerns, is to ensure everybody else is following the rules as well.  Nothing you'll ever say will convince them to believe otherwise; they believe what they believe and you should, too.

In comparison, Ni-Fe users are rule-makers; see here and here.  These are, in recent times, very frequently the libertarians and anarchists, who are against the status-quo since it gets in the way of their own rules.  These two groups clash with each other because the former wants the latter to follow the accepted rules, and the latter wants the former to accept the new rules.  Not to mention, they make sense within their groups, but not at all between.

I like the political views, I don't like the economic views.

The top comments on all of these articles are always pro-bitcoin; so long as this remains the norm, I'm happy.

Naysayer's gonna say nay


And in the end, it was just a troll article   Someone paid this guy good.

Perhaps it's disallowed after the poll has been created; if you go to the create poll tab, there should be a check box for it.

It speaks the world to me that you equate "normal" with "fear".

I think it's up to the poll creator to allow this option.

It truly bothers me how many people believe a lawless society is even possible, let alone bad; a lawless society means everyone is actually in agreement.  You create rules only when someone will break them; if people actually got along, they would have no need for them.  This is impossible.

To judge how well any given society is doing, all you need to do is see how many laws they have; the more, the worse off they are.

If Bitcoin was finished then why ain't it done?

Me: 1
OP: 0

The problem isn't unskilled people, the problem is a shrinking economy; the obvious answer is, "Just go out and make your own job", but this is killed with higher and higher levels of regulation until the only option you have is applying for some other business who can afford the extra fees of operating a business (odds are, this is a corporation; this is not a coincidence.)  All America has to do is unclench its regulatory asshole and we'll be fine, but that doesn't seem to be happening; people are actually asking for more regulation.  When people have more wealth, they have more time with less exhaustion, and when they have more time and more energy, they have the opportunity to become more skilled, and so the economy improves as more work emerges and more wealth is spreading around.

Americans are trained to attack anyone who lives with their parents; you can find examples of this all over the site.  As such, they have this idea that they must live by themselves, even if it means sacrificing their potential futures, just to ensure nobody thinks lesser of them.  Once this condition is met, the individual is then accepted as a participating member of society, and never a moment before.

Never ever heard of it.

14 BTC was the max I held at one time   I got it through selling my painting services.