One thing the critics are right about is we have too many speculators in Bitcoin, what we need are merchants so that everything spreads out and people are using the currency for ordinary stuff rather than just messing with exchange rates, once we get that the prices should eventually stabalise because the speculators won't be able to have so much influence just from pouring in a few thousand into the exchanges.
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Don't call for bans, that's how the rest of the world deals with stuff they don't like, just ignore them or mock them
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I've decided I'm going to take the jump and trade goods purely for Bitcoins, I think the problem isn't greed, it's the fact that we have a deflationary currency tied to an inflationary currency and we also don't have many people adopting it for common use yet, people will probably have to not be so finicky about Bitcoin prices as well in regards to the exchange rate if they want to see more merchants around.
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Bitcoins are fundamentally flawed for this reason. Why should anyone spend now what will be worth more tomorrow? Why should anyone invest in anything or buy anything when tomorrow you could buy twice as much? People have to spend, it isn't a luxury all the time and it isn't something that can be forced, people save so that they can buy something more expensive than they can normally have, why is that so difficult for people like you to understand? You can't force people to go out and spend money which is what neo-keynesian economics seems to be all about. I was thinking of writing a really complicated response but then I realised I'm overthinking this entirely, not only that, you're probably either you're trolling or you're a neo-keynesian who's trolling a board that's filled with mostly Anarchists/Libertarians. I'm in this for the long run regardless, I don't think I'll be selling Bitcoin in the exchanges any time soon, I'll be using it as a currency, it amazes me how people are still utterly convinced that paper money is 'real' money.
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Open source solutions for stock exchanges and currency exchanges would be a great idea, but there doesn't seem to be any will or funding behind it for now.
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Bitcoin should have stayed decentralized.
80 % of all Bitcoin trade ? WTF ?
The great thing about an unregulated market is these guys will go out of business and the next people will have to be better rather than get a bailout.
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The one thing I have every faith in is that when they get desperate our leaders will just make things ten times worse, the federal reserve and other central banks have been trying to control Gold and Silver prices for years but they've kept on failing miserably. Bitcoins seem to be following the same pattern of simply pricing the paper money for what it is so we're probably going to see a big rise again after awhile depending on how badly the central banks fuck things up again.
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Can we post links? https://bitcointalk.org/index.php?topic=121471.0 I'm working on my artwork so I can make a manga and I'll be posting stuff on my main site soon, I've also just got an order for some extra tools I needed so now I'll be able to start making lots of Jewellery and not that art and crafts crap either >_< .
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What matters in an economy is that it's managed well, it doesn't really matter what ideology you follow in the long run but you are right MonkeyBear68, for Americans, even though they'll never admit this. It's the propaganda they've been hit over the head with, because they don't have the Soviets to be afraid of now they've imagined a new enemy out of thin air called the Socialist. Obama for instance isn't really a socialist even though the Republicans yell it all the time. In fact I remember watching a clip of the Colbert Report and this guy who was the leader of the actual Socialist party came along and was really annoyed about how people were claiming Obama is a Socialist when he clearly wasn't. The mainstream parties that most of our countries have are in fact wannabe Imperialist parties but they know if they go around with portfolio's saying they want to conquer the world again they'd get no votes. For Americans:http://dictionary.reference.com/browse/Imperialist?s=timperialist Use Imperialist in a sentence im·pe·ri·al·ism [im-peer-ee-uh-liz-uhm] Show IPA noun 1. the policy of extending the rule or authority of an empire or nation over foreign countries, or of acquiring and holding colonies and dependencies.2. advocacy of imperial or sovereign interests over the interests of the dependent states. 3. imperial government; rule by an emperor or empress. 4. an imperial system of government. 5. British . the policy of so uniting the separate parts of an empire with separate governments as to secure for certain purposes a single state.
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The thing I found is, there will be girls who won't give a shit, but there are also girls that will lie on these polls and say they're men so they don't get creepy stalkers after them, or they'll put it on their profiles that they're men lol You won't ever find out how many girls are actually on the internet for sure never mind Bitcointalk, not unless the polls are 100% anonymous anyway but even then.
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I think this may have been panic selling triggered by all the trolling from supposed 'expert' traders claiming that Bitcoin is a bubble, it doesn't look like a correction to me, if a correction does happen though, I don't necessarily think this will be a bad thing at all.
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1) don't sell, problem solved 2) the heat on media scare stories is really cranking up 3) If you do sell, be a good doobie and pay your taxes
You're right, since it seems that Bitcoin has been legally defined as a 'commodity' ( lol ) despite more and more people accepting it as a currency you could just trade for stuff in Bitcoin and you wouldn't have to pay taxes, the only time you'd ever have to pay taxes is if you're dealing purely in paper with the classic utility companies and so on.
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It won't be a superpower but it will certainly benefit from having a lot of Bitcoins, it's a bit like precious metals, people are buying Bitcoins now to preserve there wealth the same way people would buy up all the gold and silver during the world wars, what Bitcoin will likely do is preserve a lot of peoples wealth and the ones who choose to stick with the paper money will end up with nothing.
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Stock prices and Bitcoin are fundamentally different he can't just compare the two as if they're the same, I also found the quote you put up funny It's like they're actually trying to argue against the idea of the poor being better off which is what deflationary currencies do for us and that's just madness as far as I'm concerned. Maybe someone should make an inflationary version of Bitcoin as an experiment and then we can finally see which ones would last under the exact same conditions and rules.
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It's what spoilt traders do when things stop going their way, you see it happening a lot on financial news networks as well, so they'll claim that such and such stock is a bubble or it's going to collapse to get people to sell and then when the price drops they buy it all up again.
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I get this sometimes but I mainly get it when I want to work on my art, I think people like us are destined to suffer bouts of insomnia until we get our work done there are times as well when I'm working on the story in my head and such where I just have to stay up to finish it because my brain is so active I won't be able to sleep anyway. This is just a symptom of enjoying the work you do I suspect I don't hear about office workers and the like suffering from these kind of problems
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It is almost getting insulting for me that people can think they can post this bullshit up and assume we'll believe it, the biggest signs are how melodramatic they write it or how their situation is a lot worse than other peoples, that either makes them look like cunts if it's true or if it's not gives them away entirely.
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I'm no gun nut, but you've seen how big those magazines are right? They won't need to aim
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Typical sick commie mindset, rejoicing at someones death.
Ironic when you consider what happened when Osama Bin Laden was announced dead, people on 'that' side had the exact same reactions, fucking brainwashed morons.
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