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761  Bitcoin / Bitcoin Discussion / Re: Let's show them what Bitcoin can do. on: June 28, 2013, 09:19:35 PM
There is not much of an explanation here.

How is this going to make Bitcoin "the fastest and most powerful financial network anywhere"?

762  Other / Meta / Re: Post count reduced on: June 27, 2013, 10:19:41 PM
It was an attempt to make it more difficult for spambots to get high forum ratings, but it also confuses many real forum members, and irritates others.
763  Bitcoin / Bitcoin Discussion / Re: Bitcoin blunder - The story of Bitcoin2Cash on: June 27, 2013, 03:52:50 PM
Bitcoin2Cash implemented buy low, sell high correctly.
764  Bitcoin / Bitcoin Discussion / Re: Bitcoin blunder - The story of Bitcoin2Cash on: June 27, 2013, 03:27:41 PM
In early 2011 there was a site called Bitcoin2Cash. It offered to exchange Bitcoins for physical US Dollars delivered in the mail. The exchange rate was staggeringly low but at the time it was the only game in town for getting cash for Bitcoin.

For 1 Bitcoin you would get 0.006 cents.

And people sold to this guy! He raked in over 75,000 BTC (currently worth over 7.5 million USD) during the sites short time of operation.

I personally sold him 5000 BTC in what I consider to be my biggest Bitcoin blunder.

Surely you jest.
765  Bitcoin / Bitcoin Discussion / Re: Run 'Round FINCEN Rules. Bitcoin Exchanges without Registering on: June 26, 2013, 09:48:22 PM
I doubt that would happen unless opening an account on LocalBitcoins and actively trading was transformed into a "cool" social activity (and not a nerdic activity).  A "hero of the revolution" or something.
I don't think that's impossible to achieve.

Not impossible.

Imagine thousands of people eager to be an Independent Bitcoin Mercenary.

Identified by a cool logo or graphic on their laptop computer, iPad, cap, or clothing.

Using the free Wifi at thousands of Starbucks, McDonald's, and other locations.

Conducting face-to-face transactions between Bitcoins and cash, with an aura of excitement and adventure.

With well-timed, discounted loss-leaders such as flash drives, android tablets, etc. that can only be purchased with Bitcoins.

Advertised via internet social media.






766  Bitcoin / Bitcoin Discussion / Re: Run 'Round FINCEN Rules. Bitcoin Exchanges without Registering on: June 26, 2013, 08:46:42 PM
If 10000 US Bitcoin users opened accounts on LocalBitcoins and started actively trading, there would be little anyone could do about it.

I doubt that would happen unless opening an account on LocalBitcoins and actively trading was transformed into a "cool" social activity (and not a nerdic activity).  A "hero of the revolution" or something.

And Craigslist is another possible fertile field.


767  Bitcoin / Bitcoin Discussion / Re: Bitcoin Foundation receives cease & desist letter on: June 24, 2013, 06:46:56 PM
OH THANK YOU LORD, my prayers have been answered.

These stupid fucks got exactly what they deserved for anointing themselves The Official Bitcoin Politburo.

Congratulations, fuckwads.  You proclaimed to the world that you were in charge of bitcoin and deserved all the credit for anything good that became of it.  Instead you get only the blame.

I found this post amusing.  Thank you.
768  Bitcoin / Legal / Re: Bitcoin Foundation receives cease and desist order from California on: June 23, 2013, 04:20:32 PM
The Bitcoin Foundation needs to move elsewhere.

☐ California
☑ Texas
769  Bitcoin / Legal / Re: Bitcoin Foundation receives cease and desist order from California on: June 23, 2013, 03:56:08 PM
California’s Department of Financial Institutions decided to issue a cease and desist warning to conference organizer Bitcoin Foundation for allegedly engaging in the business of money transmission without a license or proper authorization

California is officially evil (if there was any doubt).

California’s Department of Financial Institutions is the protector of inefficient banking monopolies.
770  Bitcoin / Bitcoin Discussion / Re: BitCoins for Edward Snowden. on: June 23, 2013, 03:06:42 PM
If all that everyone did were knowable to everyone...
Would anyone bother with lies, would there be shame?
Anger, violence, theft?
Would we be left
with only honest dealing based on our efforts?
Are we now closer or further from finding out?

Universal security cameras, at least in "public" places.
771  Bitcoin / Bitcoin Discussion / Re: The First Political Zone to Officially Recognize Cryptocoins on: June 23, 2013, 01:40:28 AM
For a society with ~100% internet connectivity, and a Bitcoin-based method of secure voting, is it possible to have something like a pure democracy?

Do we really need over 500 (mostly permanent) "elected representatives" voting on new laws every year?  The corruption is enormous.
772  Bitcoin / Bitcoin Discussion / Re: open source bitcoin presentation on: June 22, 2013, 10:48:26 PM
I thought the presentation was concise, and it addressed the major questions an intelligent person might have about Bitcoin.

Possible addition:

Some current real world applications of Bitcoin:
  • Preservation of wealth in an inflationary economy
  • Transfer of wealth from a confiscatory environment
  • Transfer of wealth into a restricted environment
  • International purchases
  • Purchase of restricted items
  • Participation in international internet commerce
  • Instant internet "tip jar"
773  Bitcoin / Bitcoin Discussion / Re: 512-qubit Quantum Computer acquired, is bitcoin doomed? on: June 22, 2013, 04:24:41 PM

It is like one of those Yin-Yang kind of things, but not exactly.
774  Bitcoin / Bitcoin Discussion / Re: Ted Nelson really reavealed Satoshi Nakomoto's identity (not Shinichi Mochizuki) on: June 22, 2013, 04:03:32 PM
That strange sensation that you feel is smoke being forcibly exhaled up your nether regions.
775  Bitcoin / Bitcoin Discussion / Re: The First Political Zone to Officially Recognize Cryptocoins on: June 22, 2013, 03:54:24 PM
^^ That was a very long post.

776  Bitcoin / Bitcoin Discussion / Re: Do we want to work with money regulators, or keep Bitcoin unregulated? on: June 21, 2013, 10:52:29 PM
Interesting stuff.

Democide
https://en.wikipedia.org/wiki/Democide

"The more power a regime has, the more likely people will be killed. This is a major reason for promoting freedom." Rummel concludes that concentrated political power is the most dangerous thing on earth."

Bitcoins make the world a safer place.  TippingPoint
777  Bitcoin / Bitcoin Discussion / Re: Do we want to work with money regulators, or keep Bitcoin unregulated? on: June 20, 2013, 12:46:08 PM
Options include:

  • Work with the money regulators
  • Don't work with the money regulators
  • Work with the money regulators, but only with the intent to remain unregulated (North Korean style).  Get concessions and institutionalize any advantages (gain wider public acceptance), stall, delay, fork the software, decentralize
778  Bitcoin / Bitcoin Discussion / Re: BitCoins for Edward Snowden. on: June 11, 2013, 07:44:26 PM
He does not sound like a ChiCom to me:

The Guardian describes Snowden as intensely passionate about the value of privacy; his laptop displays stickers supporting internet freedom organizations including the Electronic Frontier Foundation (EFF) and the Tor Project.  In the 2008 presidential election, Snowden voted for third-party candidates. He said he "believed in Obama's promises," yet "he continued with the policies of his predecessor."  For the 2012 election, political donation records indicate that he contributed to the primary campaign of Ron Paul.
779  Bitcoin / Bitcoin Discussion / Re: BitCoins for Edward Snowden. on: June 11, 2013, 05:15:45 AM
If you want to send him bitcoins, don't send it to him directly...


I was thinking the opposite.  If we could be absolutely sure that we had a valid Bitcoin address for the real Edward Snowden, this would be a great opportunity for him, freedom, privacy, and for Bitcoin.

Donations should come from everyone in this forum, most people who use Bitcoins, and (drum roll please) many freedom-loving people all over the U.S. and around the world who would instantly have a reason to download a Bitcoin wallet and put something in it, so that they could help Edward Snowden, wherever he goes.  The blockchain would document the overwhelming support that he has.

Do we have any trusted boots on the ground in Hong Kong to try to contact Edward Snowden and take a photo of him holding up a note with a hand-written Bitcoin address?

I am ready to give him a donation.  I think he needs help.



780  Bitcoin / Bitcoin Discussion / Re: BitCoins for Edward Snowden. on: June 11, 2013, 12:42:38 AM
From what I have read, these are facts:

  • He was not working for a foreign government
  • He did not reveal the info for money
  • He concluded that his agency was breaking the law
  • He was selective about what he revealed
  • He went public at a great personal cost
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