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7161  Economy / Speculation / Re: Yet another analyst :) on: March 30, 2013, 11:50:30 PM
Ah. Here is it. I got there in Paint  Grin



lmao... I acknowledge your perseverence.
7162  Economy / Speculation / Re: Unexpected interest in Bitcoin from random people. on: March 30, 2013, 11:43:34 PM
Hmm... I am wondering why here is only one ebay and why it is not infinitely replicated still. Ask him if you have chance please.

My comparison was Facebook, actually.....and that BTCs value is based on the network effect (hence why LTC, PPC, et al are not worth anything). I agreed with him that current BTC market activity is a bubble (IMO) but that BTCs brand appeal and role as progenitor does give it credibility in the same way that Facebook has virtually no competitors and a massive market cap, so I would not completely discount the network effect.

His problem with this is that Facebook is a company while BTC is simply a means of transferring value whose process can be replicated (a better comparison is Paypal, Moneybookers, Dwolla, Zashpay, WePay, or the other countless payment companies). He asked me to imagine if I would continue to use Paypal if I had to worry about enormous exchange rate fluctuations.....or to imagine if to make Paypal purchases I had to buy and sell its stock as a means of transfer......and he asked what problem BTC solves for the average person.

I confess, all this sudden awareness is partly my fault.  I'm constantly commenting on articles I see online, posting on Facebook, tweeting, etc.  Today I commented on a couple of articles about the Fed, saying: "Dear Fed. You really blew it, so we're taking back control of money. You can keep what's left of the dollar, as we're switching to Bitcoin. Let's see you try to quantitative ease that!"

I've even ordered some Casascius physical bitcoins to give away to the groomsmen at my upcoming wedding.  I'm not sure they will appreciate them now, but when I tell them that a version 1 Casascius coin recently sold on eBay for over $500, I'm sure their interest level will rise a bit!

But getting to your question, what problem does Bitcoin solve for the average person?

It solves two big problems.  First, it will eventually become a stable currency free from government abuse.  Once it is widely used around the world, it will stop the politicians and central bankers from tinkering with the economy by manipulating the money supply.

Second, much as email made handwritten letters virtually obsolete, Bitcoin will eliminate many of the functions (and costs) of banks.  You can send any amount of Bitcoins (that you own) to anyone, anywhere in the world, any time of day or night, for a fee of about $0.05, and the transfer will be confirmed in about an hour.  No longer will you be forced to choose between checks or ACH, which take days, or wire transfers that cost $25-50 and only work while the banks are open.

Bitcoin is Money Version 2.0.  It's easier, faster, and cheaper to use than fiat.  In fact, because it is free of government manipulation, it is perhaps the most important technological innovation of our age.

njjjhihi. so you're saying man faces 2 problems: state and banks... and bitcoin does away with both of them while being the geatest invention of our age?

Love it!
7163  Economy / Speculation / Re: Unexpected interest in Bitcoin from random people. on: March 30, 2013, 11:37:33 PM
I talked to several of my friends in IT branch, the more knowledge they have in software engineering, the more likely they regard bitcoin as a programmer's scam. Just like the other guy mentioned, from a programmer point of view, this kind of software worth nothing because it can be easily duplicated

But I think the reason is that they barely have some knowledge in finance and economics, especially people's behavior. It is time and the community build up the trust of bitcoin concept and made it valuable, not the technology behind it. But this obviously not in their best interest because they are getting well paid from existing fiat system

People should be hit by the fundamental flaw of today's monetary system before they start to consider bitcoin, normally it is difficult, but Cyprus crisis is opening a window now

nice analysis. +2 insightful
7164  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 11:25:46 PM
PS. you are usually so quiet and polite, nice to see the firebrand back. All these years can weigh heavy on a soul and you can always count on our support and the continued support from the many old-timers here.

soothing words.
7165  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 11:08:29 PM
someone made a fork of this and sent the result to me:

Quote from: anon
This is Revolution, No Mistake! (FUCK THE DEBT, CANCEL THE STATE)

I am telling the power-elite, their puppets, bankers and politicians:

YOU FUCKED US!
GET LOST.

We are taking charge now by introducing a new kind of money. A true free market money. We welcome all other money to enter the competition. May the best money win.

Bitcoin: People's Money. You are your bank. Bitcoin is a tool we use to be our own banks. You control your money, and you control the money supply. No banks needed. Just sound money.
We don't need to fight the establishment. We live decently and work hard. We are not aggressive. We just happen to use our own money, thanks.
POINT: Bitcoin is not for gathering wealth. Bitcoin is for freedom. We demand freedom of financial speech.
POINT: Our economy is built on a pack of lies. Corporate monopolists dominate an economy made of people, and we measure it's performance in some braindead value (called GDP), not in the happiness of the people in it.
POINT: Our current monetary system is dead. Central banks worldwide are racing to the bottom. FIAT-Currencies are causing massive market distortions to keep GDP up. Capital is flowing towards bubbles and false price signals. Saving is impossible and people are forced to burn money by spending, spending, spending. Interest rates are manipulated. The economy is sick... sick with bad money.
POINT: The fiat-money regime has spun a web of illusions and democratic values. Parliaments in Europe are installed with puppets. Democratic values are disregarded daily. These technocrats were not elected by anyone, yet they shape policy, legislature and the whole regulatory environment. They manipulate rules governing police and military. These puppets are installed with orders by their backers.
They execute orders, and we swallow. They disrespect us all the fucking time. They don't care.
But you care. You respect yourself. You represent and you care about yourself.
The internet is not surveillance tools like Facebook or Google. The internet nurtures creativity, personality and culture, and should respect your thoughts and conversations.
Internet where people publish without fear, couple's whisper in private and amateur photos are posted in public, uncensored. Internet money is shared freely and privately. We have rights to social, sexual, intellectual and economic speech.

Consider what the regime is doing: Every inch of your life is under surveillance. War propaganda is pumped out daily. At the end of most fiat currency regimes, there is a war. Currency collapse is used to cover up the scam and keep it going one more time.

They are driving everyone's faces into the mud in a race to the bottom.

We offer a way to avoid this:
   transition to money uncontrolled by central powers and withdraw support for war.

State controlled capitalism is called fascism. What do we call capital-controlled statism? Well whatever it is, it's sucking life from our minds and won't stop until we're all zombies ready for the second coming of Hitler.

Nationstates are reaching the end of their time, and the corporate led democracy is collapsing under pressure from its own weight.

This is the era of people!
Never before in history have we had such a unique opportunity to take back and defend our rights. Technology is revamping the social landscape by equipping and empowering entire new swathes of thought and individuals throughout society.
Don't be a slave. Don't be told by institutionalized robots how to act and think. Don't be controlled by mass-channeled propaganda. Be free. Start a business. Research through internet.

So what to do?

Here are some guidelines:
Keep educating people on Bitcoin and what it really is, freedom of financial speech.
Live a prosperous life. Seriously: look after yourself, then look after others.
Don't work for or support more than necessary the government, police, military or monopolist corporation.
Actively select the sources of your information, talk to people, connect to their hearts.
Be open to everyone and critical of any information you receive.
Keep the internet alive and as free as possible for everybody.
Use Bitcoin wherever you can.
Network. Make contacts and encourage everyone to trade, perform services and create contracts between yourselves.
Don't evangelize Bitcoin. Bitcoin is not a religion, just the currently best solution to a problem. Emphasize currency competition and freedom of people.
Sell Bitcoins to anyone who wants to buy, and remember to restock. Everyone needs Bitcoin.
You can ask payment for your service, but don't exploit your customers and demand extortionate fees. You are not a monopolist, you are a market leader.
Less following, more leading.
We are one world, all connected. Be responsible and mindful.
Be bold and overcome fear. We all fear, but fear should not paralyse us.

All these cryptographic functions do not ensure your personal well-being per se.
All this digital gold does not make everyone equally wealthy.
But what this cryptographic type of money does is to enable a functioning economy that serves the people who are inside it.
Our other problems will have to be fought in a different arena, not that of money.
It's not always the money, but the people behind it too.

Bitcoin and the internet empower us to ensure our freedom, well-being and prosperity of both the human culture/society and also each of the individuals inside it.

Start behaving like it.

Be the change you want to see!
7166  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 10:46:20 PM
It think I got it:

YOU FUCKED UP,
NOW PISS OFF!

good?

YOU FUCKED UP,
WE'LL TAKE IT FROM HERE!


wow! I think that's it.
7167  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 10:34:52 PM
I share a lot of the sentiment about revolutions and paradigms (peaceful of course!) but hearing it from others makes me itch to press the good old Sell bitcoins button, or would do if I held enough bitcoin for that to be worthwhile. Grin

Bubble, anyone?

Don't be afraid, it'll work out.
7168  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 10:32:56 PM
This is exactly what bitcoin doesn't need!

its not a cause, its a way to transfer wealth!

The more people think its got political overtones, the less support its going to get.

Just let the free market decide if bitcoin survives.

Having a manifesto seems to suggest that it can't survive on its own! Wink



Sorry if it came accross as such. I didn't mean to write a manifesto, just to express my feelings and share some of my thinking. The intention was to deny the possibility of a bubble in BTC/fiat rate.

And yes, of course, "let the free market decide". Thanks for saying that.
7169  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 10:29:25 PM
This is exactly what bitcoin doesn't need!

True. The original post is interesting and good, but it can't be a bitcoin manifesto, for sure.

wasn't planned as one. Just an excerpt of my thinking and feeling. Maybe inspires some and brings people back on track Wink
7170  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 10:04:38 PM
Bitcoin needs a manifesto to appeal to the OWS crowd and this is pretty good. Stay away from the term "experiment" no matter who said it. Satoshi isn't here anymore. Bitcoin is here to stay no matter what the FUDsters say. This is a revolution, indeed.

word!
7171  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 09:34:00 PM
Actually, the original incentive to write this post was to write something that would convince people we're not in a bubble. I wonder wether or not that was successful.
7172  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 09:31:17 PM
It think I got it:

YOU FUCKED UP,
NOW PISS OFF!

good?


Humorous, but I think it needs something a little more serious.
The 'fuck' part already gives away the 'free speech' thing, now it just needs something more friendly to add up.

true. also I'd rather have something motivating to the individual...
7173  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 09:16:52 PM
It think I got it:

YOU FUCKED UP,
NOW PISS OFF!

good?
7174  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 09:14:18 PM

It's better, but I'm not content. Will change for now.

They're not in our way, that's why I don't like it... how about "now we try" or "let us try".


There is no 'try'.
Don't be so certain.
Even Satoshi said this was an experiment.

I agree, though. There's no doubt we will succeed: so let's make it "WE'LL TAKE CARE OURSELVES"?
7175  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 09:10:36 PM

fuck that, I'm a capitalist.

Show your capital, capitalist Smiley))

My capital are my skills, my knowledge and my friends.
7176  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 09:09:44 PM
"NOW WE DO IT OURSELVES".... grr. still no good, is it?
7177  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 09:08:25 PM
This is absolutely brilliant, molecular.  Great work!  Five stars!  Ten out of ten!  You've taken my, and most everyone's, thoughts and condensed them into this sweet little package.  From a glance, everything looks to be in order.  But I do agree, that first bit, "You fucked up, our turn!" implies it's time for us to fuck up Tongue  Perhaps "You fucked up, now we're in control?"  Not sure...

Oh wow, thanks man! I'm not sure I would've even posted without accidentally clicking "post" instead of "preview".

Now I'm glad I did.
7178  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 09:07:00 PM

It's better, but I'm not content. Will change for now.

They're not in our way, that's why I don't like it... how about "now we try" or "let us try".
7179  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 08:57:11 PM

good point... suggestions?
7180  Bitcoin / Bitcoin Discussion / Re: make no mistake... this is a revolution on: March 30, 2013, 08:55:13 PM
You may want to rethink your slogan:



YOU FUCKED UP,
OUR TURN!


why?
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