Who would invest their life savings in fiat currency?

Not sure why you would back up your wallet.dat online. That sort of defeats the purpose of everything else.

Also, your fingerprint scanner saves the fingerprint data on your computer actually making it less secure if you actually use it instead of passwords.

For me I have a separate computer that I never ever put online, it comes with physical hard drive encryption. The BIOS is password protected, the hard drive is password protected and the Linux I installed is encrypted and password protected. That is all before getting to the Linux login.

The only thing installed on there is the Bitcoin Core which I used to create Public and Private keys which are stored in an encrypted file on the computer.

I create a separate file with just the public keys which I then burn to a CD-R.

I move the CD-R to my online computer. I send my bitcoins to the addresses on that list breaking it up into small amounts as to not attract attention to a big address. I literally just burned all CDs with any public addresses in a fire yesterday.

I do not trust USB drives as I do not trust that there could not be extra software built into the hardware or part of the USB software (look up thumb drives and how Iran's Nuclear facilities were infiltrated).

I do keep some bitcoins online for day to day spending but if those were stolen it is not enough to be too upset about even though I use 2FA.

So the World Bank is not a ponzi as long as they have the power of guns to force people to keep using their product. Without that power people would stop using it and it would all collapse.

Bitcoin has no such guns forcing people to use it.

Is this a distinct disadvantage of Bitcoin? Should we start pushing for the backing of guns so that we can compete with banks?

more electoral votes from the rest of California outside of San Fran and LA would help us all.

Ya, I didn't realize how cool the Koch brothers were until I watched a Chris Hayes (is that the MSNBC liberal dude's name?) hit piece on them telling about their history. Talked about his time in the Libertarian Party, their fight for free market economics, etc.

I used to think they were two rich douches trying to take over Ron Paul's Tea Party movement.

I will still reserve judgement until I do my own research but they don't really affect me so there's no need.

The very idea of race is a collectivist notion.

Obsessing about collectives is a weakness shared by racists.

Only one person (probably OP) voted Yes.

Does not matter.

1 bitcoin could be used for the economy of a small country.

"What the Tea Party is."
 -Author: someone who doesn't know what the Tea Party is but wants you to believe what they think the Tea Party is as to discredit it.

In the early 1900s people used pennies for every day purchases.

They were not looking for alternatives because there were so few dollars in circulation.

The early 1900s prices of "shave and a haircut, 2 bits (1 quarter)" is the future bitcoin "shave and a haircut, 2 millibits".

If it has the same buying power as $3 million then it is.

Considering there are over 6 billion people in the world, if bitcoin was the world currency the average wealth would be around 3 millibitcoins.

If you buy 1 bitcoin right now, you will likely be rich in 10 years.

Newegg....check
Dell...check

IBM? I worked for them, they don't sell computers anymore (services and solutions). They sold their computers to Lenovo.

Winklevoss ETF...coming soon

Wall Street...will probably come with the NY regulation and ETFs

Amazon... http://purse.io

Getting there.

Anyone who will take less for their tainted coins let me know.

Most of the companies I have worked with always buy dells. As more companies like this accept bitcoins, then companies that purchase their equipment via Dell will  be able to keep some of their bitcoin sales for making purchases.

I also tend to tell family to buy a Dell when they ask me what kind of computer to buy. Sure I could give them an idea of the best hardware out there and what gives the best speed and performance, etc. But when it comes to just a simple computer that you can use to surf the web and open M$ Office documents, Dell does what it needs to do.

People who hold dollars will lose them soon enough anyway. Look at all of the people in Zimbabwe who were millionaires. Now everyone in Zimbabwe is a millionaire. If the dollar crashes, it is not because bitcoin takes over...but because it failed as a currency. With the fortunate timing that bitcoin is there as a lifeboat, otherwise we would be like Germany and people would start trading in bottles of whiskey and cigarettes. You wouldn't blame the crash on booze and cigarettes.

As bitcoin catches on, it will eventually replace certain percentages of the economy. Right now it is about .0001% of the economy. As people start using it it may move up to 1% of the economy. Reasonably that would mean that people might have 1% of their wealth in bitcoins. Once bitcoin reaches 10% of the economy people might have a few millibitcoins that they spend when it makes the most sense (paying for things online, sending money overseas, etc).

As it reaches 50% of the economy, people getting new jobs will start asking to be paid in bitcoins as they see the benefits to the dollar. So it will be like living on the border of Mexico, you keep dollars and pesos and pay with whichever currency is used. As it approaches that 100% mark, most people will not be using the dollar anymore. The rich will still be rich because the reason they are rich is because they are good with their money and will notice the inflationary nature of the dollar and look for a sound alternative.

Sure, if bitcoin replaces the dollar tomorrow, then you might have a point. But how would bitcoin replace the dollar tomorrow? It has to achieve gradual acceptance with more and more businesses accepting it and more people getting paid in bitcoin before that will ever happen.

If bitcoin replaces all other currencies...what will people be paid in?

You have a point considering people can only buy in denominations of 1 bitcoin at a time. And when it comes to spending no less than 1 bitcoin is accepted.

I have never considered this. If only bitcoin was divisible into much smaller units. Alas...Satoshi let us down on that one.

According to the MonkeySphere the optimum community size is about 150 people.

http://www.cracked.com/article_14990_what-monkeysphere.html

Party A will blame Party B. Party B will blame Party A.

In war, the truth is always the first casualty.

Bitcoin will eventually be bitcoin 2.0.

It is bitcoin .9.2.1 right now.