This is always the worst argument. Trying to take the extreme position that something will all happen over night without any transition.

As if Bitcoin is causing mass chaos right now as it replaces existing currencies.

So...any word on if/when the safecoin network will get rolling?

Maybe safecoin is the answer to the bandwidth issue:
The resources in question are storage, CPU, online time and bandwidth.

I'm not sure how they deal with paying for bandwidth and online time but it might be a good way to reward each node.

http://www.safecoin.io/

http://www.coindesk.com/western-union-open-bitcoin-regulated-currency/


So basically...Western Union is whining because they have to follow regulations and want their competition, Bitcoin, regulated too.


Guess what Western Union? You are old news.

A Bitcoin ATM next to every Western Union in the world would make them obsolete.

Most big companies have lobbyists that can push for laws. That is different from saying that companies can write laws.

The great thing about BitPools is that if enough people pledge their money toward it (keeping their coins in their own cold storage) the solution will come to us.

Then it's just a matter of voting with your bitcoins on the best solution.

Ya, I was thinking something like routers on top of electric and telephone poles. That would be useful for the long distance requirements.

For long distances if there was a way to get bitcoins for the traffic you would probably make more money if you allow access over long distances.

Ahh, that would actually work. I've done some simulations on those. That and blimps which would probably be easier to keep in the sky.

The company that spies on us for the government.

The Internet is going from a fairly decentralized network to more centralized and more susceptible to control.

With Bitcoin we can come up with a great way to use mesh networks to create an alternative network and have nodes funded with bitcoins.

Something like a wireless node you can set it up and with the possible incentive of being paid in bitcoins when people access it.

We need to work on a cheap wireless relay node, preferably something that can be solar powered that could become like mining where people will want to put up as many of these things as possible to get a return on their investment. It could be used with maidsafe, each node could be a bitcoin node, etc.

I've set up a pool here for those interested in helping to work toward this here:

http://www.bitpools.com/?Solar%20Wireless%20Relay

As time goes on I believe this will be necessary to keep Bitcoin going unhampered and will allow us to keep a step ahead of the control of the Internet.

Can those banks write laws?

They stated that they will only use government currencies in their banks. This does not make all other things illegal in Bolivia.

Nobody should have the moral authority to kidnap someone at gunpoint and throw them in a cage.

It has already affected the price by injecting uncertainty into the market. The very question of "how do you see this affecting the price" is affecting the price.

Monday the price will jump or down for a moment. If it jumps down it will jump right back up. If it jumps up it will come down a little bit.

After that the rising trend will continue until we hit $666 again.

Then it is only perception since BOLIVIA DID NOT BAN BITCOIN

Yes, same episode where none of them banned Bitcoin.

Or is it the love of bitcoin that’s the root of all evil? To love a thing is to know and love its nature. To love Bitcoin is to know and love the fact that Bitcoin is the creation of the best power within you, and your passkey to trade your effort for the effort of the best among men. It’s the person who would sell his soul for a millibit, who is loudest in proclaiming his hatred of Bitcoin and he has good reason to hate it. The lovers of Bitcoin are willing to work for it. They know they are able to deserve it.

Let me give you a tip on a clue to men’s characters: the man who damns Bitcoin has obtained it dishonorably; the man who respects it has earned it.

Run for your life from any man who tells you that Bitcoin is evil. That sentence is the leper’s bell of an approaching looter. So long as men live together on earth and need means to deal with one another–their only substitute, if they abandon Bitcoin, is the muzzle of a gun.

But Bitcoin demands of you the highest virtues, if you wish to make it or to keep it. Men who have no courage, pride or self-esteem, men who have no moral sense of their right to their Bitcoin and are not willing to defend it as they defend their life, men who apologize for being rich–will not remain rich for long. They are the natural bait for the swarms of looters that stay under rocks for centuries, but come crawling out at the first smell of a man who begs to be forgiven for the guilt of owning wealth. They will hasten to relieve him of the guilt–and of his life, as he deserves.

Then you will see the rise of the men of the double standard–the men who live by force, yet count on those who live by trade to create the value of their looted Bitcoin–the men who are the hitchhikers of virtue. In a moral society, these are the criminals, and the statutes are written to protect you against them. But when a society establishes criminals-by-right and looters-by-law–men who use force to seize the wealth of disarmed victims–then Bitcoin becomes its creators’ avenger. Such looters believe it safe to rob defenseless men, once they’ve passed a law to disarm them. But their loot becomes the magnet for other looters, who get it from them as they got it. Then the race goes, not to the ablest at production, but to those most ruthless at brutality. When force is the standard, the murderer wins over the hacker. And then that society vanishes, in a spread of ruins and slaughter.

Do you wish to know whether that day is coming? Watch Bitcoin. Bitcoin is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion–when you see that in order to produce, you need to obtain permission from men who produce nothing–when you see that Bitcoin is flowing to those who deal, not in goods, but in favors–when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed. Bitcoin is so noble a medium that it does not compete with guns and it does not make terms with brutality. It will not permit a country to survive as half-property, half-loot.

Whenever destroyers appear among men, they start by destroying Bitcoin, for Bitcoin is men’s protection and the base of a moral existence. Destroyers deny Bitcoin and only allow a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Bitcoin has an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, ‘Account overdrawn.'

When you have made evil the means of survival, do not expect men to remain good. Do not expect them to stay moral and lose their lives for the purpose of becoming the fodder of the immoral. Do not expect them to produce, when production is punished and looting rewarded. Do not ask, ‘Who is destroying the world?' You are.

You stand in the midst of the greatest achievements of the greatest productive civilization and you wonder why it’s crumbling around you, while you’re damning its life-blood–Bitcoin. You look upon Bitcoin as the savages did with gold before you, and you wonder why the jungle is creeping back to the edge of your cities. Throughout men’s history, money was always seized by looters of one brand or another, whose names changed, but whose method remained the same: to seize wealth by force and to keep the producers bound, demeaned, defamed, deprived of honor. That phrase about the love of money being evil, which you repeat with such righteous recklessness, comes from a time when wealth was produced by the labor of slaves–slaves who repeated the motions once discovered by somebody’s mind and left unimproved for centuries. So long as production was ruled by force, and wealth was obtained by conquest, there was little to conquer, Yet through all the centuries of stagnation and starvation, men exalted the looters, as aristocrats of the sword, as aristocrats of birth, as aristocrats of the bureau, and despised the producers, as slaves, as traders, as shopkeepers–as industrialists.

To the glory of mankind, there was, for a brief time in history, a country of money–and I have no higher, more reverent tribute to pay to early America, for this means: a country of reason, justice, freedom, production, achievement. For the first time, man’s mind and money were set free, and there were no fortunes-by-conquest, but only fortunes-by-work, and instead of swordsmen and slaves, there appeared the real maker of wealth, the greatest worker, the highest type of human being–the self-made man–the American industrialist.

If you ask me to name the proudest distinction of Americans, I would choose–because it contains all the others–the fact that they were the people who created the phrase ‘to make money.’ No other language or nation had ever used these words before; men had always thought of wealth as a static quantity–to be seized, begged, inherited, shared, looted or obtained as a favor. Americans were the first to understand that wealth has to be created. The words ‘to make money’ hold the essence of human morality.

Yet these were the words for which Americans were denounced by the rotted cultures of the looters’ continents. Now the looters’ credo has brought you to regard your proudest achievements as a hallmark of shame, your prosperity as guilt, your greatest men, the industrialists, as blackguards, and your magnificent factories as the product and property of muscular labor, the labor of whip-driven slaves, like the pyramids of Egypt. The rotter who simpers that he sees no difference between the power of the bitcoin and the power of the whip, ought to learn the difference on his own hide– as, I think, he will.

Until and unless you discover that Bitcoin is the root of all good, you ask for your own destruction. When Bitcoin ceases to be the tool by which men deal with one another, then men become the tools of men.

Blood, whips and guns....or bitcoins. Take your choice–there is no other–and your time is running out.

To love a thing is to know and love its nature. To love money is to know and love the fact that money is the creation of the best power within you, and your passkey to trade your effort for the effort of the best among men. It’s the person who would sell his soul for a nickel, who is loudest in proclaiming his hatred of money–and he has good reason to hate it. The lovers of money are willing to work for it. They know they are able to deserve it.

Let me give you a tip on a clue to men’s characters: the man who damns money has obtained it dishonorably; the man who respects it has earned it.

Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter. So long as men live together on earth and need means to deal with one another–their only substitute, if they abandon money, is the muzzle of a gun.

To love a thing is to know and love its nature. To love money is to know and love the fact that money is the creation of the best power within you, and your passkey to trade your effort for the effort of the best among men. It’s the person who would sell his soul for a nickel, who is loudest in proclaiming his hatred of money–and he has good reason to hate it. The lovers of money are willing to work for it. They know they are able to deserve it.

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