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1  Other / Beginners & Help / Re: How long till BitCoins become outlawed? on: July 30, 2011, 07:32:05 AM
it seems to me that persons are free to utilize whatever medium of exchange they choose in free countries.
2  Other / Beginners & Help / Re: spread bitcoin on: July 30, 2011, 07:30:25 AM
how old is this movement? anybody know?
3  Other / Beginners & Help / Re: Introduce yourself :) on: July 30, 2011, 04:04:13 AM
Hi,
I am a Canadian farmer, politician, scholar and entrepreneur. I would like to receive messages from the founders of bitcoin. I am moving monies into bitcoin and have had experience raising venture capital. I possess two graduate degrees including an MBA and currently due global business development for a great agricultural manufacturing company.

I have been on 5 continents, in 12 countries in the last five months. I am intrigued by bitcoins because the need for sovereign currency may be passe. In many ways bit coin could aid in diminishing corruption as is endemic in so many countries.

Hope people say hello. 
4  Other / Beginners & Help / Re: Bitcoin Businesses and Developers, Let's Get Started! on: July 30, 2011, 03:19:52 AM
I would like to issue bitcoin  bonds in sovereign currencies that mature in bitcoins.
5  Bitcoin / Bitcoin Discussion / Soveriegn Debt Crisis and the Arab Spring Coupled with the Debt Ceiling on: July 30, 2011, 03:17:36 AM
What is money except an agreed medium of exchange between two parties. Bitcoin seems to answer a huge question at a critical time in history; why does currency need to be sovereign?
The internet and current computing power means that computing control is really more democratic and universal and need not have government involved with my money if the software and infrastructure is there to allow me to bypass them. This may not be of top concern in a first world country with rule of law and sound banks; however in a country undergoing the Arab Spring where the currency is devaluing with no cheap safe haven bitcoin becomes a timely answer.
In Greece where the default is being delayed as the underlying structural problems are not addressed the chance to decouple from the Euro default and convert to bitcoin would seem a very viable option. Such actions would cause an increase in inflation and interest rates in the EU and indeed globally. In turn a rush to bitcoin could ensue as the hedge against this inflation.
As I write this commentary I am one of the first 35,000 members to bitcoin. The study of internet bubbles and their expedited growth could culminate in bitcoin because it is bigger than music, larger than a social site and more important than search engines; it is the reinvention of money.
As bitcoin is designed to be inherently deflationary it allows the crisis of the debt ceiling as the tipping point to allow the replacement of sovereign currency. Money is an agreed upon medium and is premised on trust. Whether trust really exists, with fractional banking allowing for the financial mess as it exists, is a matter to be measured by the exponential flow of global currencies into the bitcoin.
This process would remove sovereign government's direct ability to tax without consent. This means as well that without economic cooperation from participation with sovereign currency the political power of the central state may be greatly diminished. It would seem difficult for the Peoples' Republic of China to have their Army commit human rights abuses in the absence of being able to pay their soldiers as their currency has devalued to worthlessness. This could have implications globally for armaments, health and education as well as free trade and rule of law.
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