It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.
And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.
Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.
It's fine, unlike the legacy monetary system, you don't have to use it if you don't want to. |
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The qt isn't the only wallet out there. I suggest web wallets for new people who only a have a mbit or two.
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Lets make a list of the top 100 reasons bitcoin is the best currency today. Then when someone asks "what makes bitcoin better than the X", we can point them here.
1. No central authority
2. It's nearly untrackable
3. Created by the people
4. Very low transfer fees
5. No inflation
6. Fully open source
7. predictable amount of coins in circulation at any give time.
8. honest
9. no charge backs
10. It will be worth more later then the day you purchased it
11. Large, active and supportive community
12. Drug purchases made safe
13. Easy access
14. Not bound by boarders
15. The creator(s) is(are) anonymous
16. simple!
17. Sexy
18. Earlier LTC, NMC, ....
19. Can be used to transmit messages.
20. Not controlled by corrupted people.
21. No ID required
22. Fast and free (Almost free Grin) *Worldwide* Transfers
23. Voluntary participation. No "must be accepted for all payments..." laws.
24. You can transfer it over the Internet.
25. Huge amounts of constant innovation
26. Perfect for online gambling
27. Has a market that runs 24 hours a day, 7 days a week and 365 days per year
28. It's a great way for people to learn more about free and open source software!
29. Fractional to 8 places after the decimal
30. Bitcoin is the most track-able currency to ever grace the planet. You just can't reveal who owns what address.
31. You can loan only Bitcoins you really have
32. Can be used as proof of ownership for other items
33. Can bring the evil ship of US down which in turn would lead to less expensive lifestyle around the globe.
34. Able to make anonymous donations to charities such as Wikileaks.
35. Gets the developer geeks thinking about economics
36. Allows everyone the same ability to buy and sell, regardless of if they are rich or poor
37. Each person can have nearly an unlimited number of accounts
38. The government cannot easily confiscate/freeze your funds!
39. It's completely unbiased on age. A seven year old can use bitcoin the same as someone 100
40. Because of the divisibility, it's great for donations
41. There is cool live data on all the transactions on the network
42. No known uses to fund war
43. Favourable to evade criminals and thieves
44. No law mandating the technical implementation
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Yeah, but at least he can say he mined some Bitcoins  Also to consider he still have the miners so he can mine more, he can mine alt-coins or he can sell the miners. |
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Got my payment as expected, thanks Stunna great deal. I hope to see the new payment terms soon.
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it's already flying, so far there isn't a problem with people wanting to spend btc, the problem is that people find it too hard to get btc.
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Yes! I've watched that one about 4 times now all the way through! |
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That's what I love about bitcoin, there is always more to learn. Only Satoshi is at level 4  . Really it's hard for me to imagine how someone could have come up with such a concept and implemented without all the knowledge which we now have, really pretty amazing. I think it's better that we don't know who he is now, but I'd be happy if he wrote a book anonymously so we can get an idea of what he was thinking. |
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Isn't this how everyone who has ever known about anything ever knows things to different levels.
1. Some have no clue
2. Some have a bit of a clue
3. Some know a lot
4. Some know everything
ha yeah I like that! |
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I've been spending a lot of time the past month trying to learn more and more about bitcoin with each week my efforts increasing even more than the previous week. I started to look at the understanding path as having four main levels.
1. Know nothing, or have only heard about bitcoin
2. Understand bitcoin from a user perspective
3. Understand in theory the full architecture and design of bitcoin
4. Understand bitcoin down to the code level
I feel hopeful about bitcoin in that getting from level 1 to level 2 only took me a short time, maybe a week thinking about it here and there, then finally starting to use it to buy a few things. I believe level 1 will be where 99.99% of users will be once bitcoin is mainstream. Now I feel like I'm somewhere in the middle of level 3, I have a good grasp of the theory of how the mechanics of the system work, however this step has taken a lot of time for me. I've literally watched hours of youtube videos on various encryption, networking and programming subjects, this was a big effort but I feel good that it's understandable now. I want to continue on and really understand how the code is functioning, how the protocol is working, etc, eventually I'd like to contribute in some way, even if that way is explaining bitcoin to folks in a new, maybe easier way.
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thanks for making the video, but for me I don't like text only videos, I like to hear someone speaking.
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I think more than a few people have voted female by mistake.
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I see that this is a few weeks old but I want to bump it up because I would have thought there was a better answer out there.
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Hi all, Right now I have a few projects on going, some I've already finished and others I'd like to work on in the future. Today I'm using google docs (see my page for example at www.Ecurb.info), and I have sort of a template I use which works ok. The main need I have is to have a web based place to document, manage and share these projects. So my question is, is there anything better, maybe more professional looking than what I have, which is also easy to use and inexpensive? |
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Post including this one: 298
Date: 17.11.2013
BTC address: 18uTaHgmAhyNuFJnFDi7zcxXTHYtqZeAof
Thanks,
Bruce
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I'm reluctant to join, simply due to the fact that it's easy to cut off the head of a centralized source; the last thing I'd want to do is surround myself with other libertarians, I'd rather just put a giant red target on my back.
or could it be that separated, one is easily not noticed when gone? |
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