And that is the whole point behind locking down the currency claiming they care about money laundering because of terrorists and drug dealers.

It is all about getting their cut.

There are all of these rules and laws about "money laundering" to make it sound so scary and evil like Scarface moving his dirty money.

But what is money laundering anyway? Someone commits a crime involving money and does not want that money traced back to them for that crime, so they launder the money.

So essentially, these are monetary crimes. And since the law enforcement cannot solve the crime or catch the "bad guys" they have to lock down the whole monetary system just in case "bad" money makes it through.

So because some people may use money for bad things and they are too incompetent to catch them, the government must know every transaction that anyone ever makes with money?

Why stop there? Why not have ID checks at every corner of every city of every country so that if a crime happens on one street they can trace the crime by knowing who was on that street at that time? Oh, but those of us who would be against that would be "supporting terrorists" or drug dealers and criminals.

Sure, if someone steals money from someone else it would be nice to track that money down. But is it worth locking down a whole currency because of it?

Me at a Chinese massage parlor.

A shape.

Sure I do, I wish them the best of luck.

But with the lack of purpose and just anger, they will end up just like Occupy Wall Street.

If it were a CIA operation, the work would already be going on behind the scenes to turn the protest into a government take-over. Like Egypt and Iran in '78.

Not angry, just supportive of the idea but not when the creator's answers to everything is "yes, we will give you that too". It turns a good idea into a non-feasible idea.

And when most people think Bitcoin town with no government and no taxes they think of a libertarian/ancap town. Not a commune.

Dog

I sent you .002 BTC from the address: 1Primep7DMN8qCtByac7L29ntRjd7X3KCL

A ring.

Alex Trebek

Redistribute all of the wealth today and in 10 years we will be exactly where we were yesterday.

If the US is behind it like in Egypt then the government will fall. Otherwise it will survive.

“Dreams come true all the time, just not for the dreamers"
 - Eoin Colfer

This. Bill Gates thinking tomorrow that it would be good to have a million bitcoins is not considering any trendlines.

Gavin deciding tomorrow that he has enough bitcoins to pay off the mortgage on his house is not following trendlines.

That would limit me to buying something locally. That limits my choices. And your $500,000 to 'help bitcoin' would only help local people in your area to be able to purchase food with bitcoins.

Hell, even FinShaggy asked for $2 million and in exchange for your $10k investment you got a piece of land, a house, computer and a TV.

I actually bought some organic dog food for my dogs with bitcoins last month.

It did not raise the price of bitcoin one bit.

Ya, that is the whole point of venture capital. They invest in your company early on when your company is in the early stages so that they can get a large share of your business so that if your business is successful they will get big returns. Almost like mining or buying bitcoins in the early stages so that the share is larger if it takes off.

It is a speculative gamble of buying low, hoarding your shares and then selling high.


So you want money to spend on something so that we can all benefit from the existence of your business? How kind of you.

I can buy food with bitcoins in several places. Amazon, Burger King, Applebees, Sams Club, etc.

CtrlAltBernanke420: Hi, I need half a million dollars to start an organic farm so I can sell food to people.
Bank: Ok, what is your business plan? What will you use as collateral? What is your farming experience? How many other successful businesses do you have? Would you be willing to put down 20% ($100,000) toward the loan? Let me check your credit score and credit history. What is your current salary? Can you show proof of past history that would justify the returns you expect to be able to pay back $500,000?

or...

CtrlAltBernanke420: Hi, I need 3850 bitcoins to start an organic farm so I can sell food to people in exchange for bitcoins!
Bitcoin investor: Ok, what is your business plan? What will you use as collateral? What is your farming experience? How many other successful businesses do you have? Would you be willing to put down 20% (770BTC) toward the loan? Let me check your credit score and credit history. What is your current salary? Can you show proof of past history that would justify the returns you expect to be able to pay back 3850 bitcoins?
CtrlAltBernanke420: I will pay you $6/BTC for 3850 bitcoins.

Well, when it comes down to it...if you are choosing between buying BTC now or paying for a rig that will cost you $90/BTC you have to remember that by the time you get your mining hardware the difficulty will be a lot higher and the cost could be over $130/BTC.

I personally will not order an ASIC because by the time I get it the return on my investment may be lower than if I just buy BTC now.

What is a "black guy"?