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I don't know what country you are in, but in the USA only Congress is legally able to issue money. I would be careful calling Bitcoin money in America. As a foreign currency, it seems to be acceptable for now.
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Well, if you want people to accept Bitcoin, you need to have a good reason why they should.
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Even Bitcoin laundry services will be unusable because it will be illegal to spend or accept unregistered non-green addresses which will be tagged by the nation in which they are used. No more inflation and your money saved will go up in value (on average, despite speculation) ensuring some security. Why would China for example enforce US laws? If funds are unlawfully transfered to an unknown address and then it passes into a laundry service (or legit business in china) with tens of thousands of other transactions what are you going to do then? You do understand you can't track a Bitcoin because they don't exist? Bitcoins are merely an abstraction of balances in accounts. You can only track balances. So what happens when "stolen" money and lawful money are both transferred into the same address? Consider anything from that address illegal until the end of time. What if a billion Bitcoins are transfered into the same addrress as 100 stolen Bitcoins? Are all Billion now bad? Have you actually looked at how Bitcoin works? I don't even know if this idea for bitcoin is even being discussed for incorporation yet, but I'm sure there are plans for it. The Silk Road is the biggest objection to Bitcoin. However, all transactions are public record. Sure, you could spend non-green Bitcoin in a state that did not allow registration, but that would also be a matter of record via IPs. If a billion (HA!) Bitcoin are transferred to the same address as 100 stolen Bitcoin, and the 100 are proven to be stolen, then the 100 would be traced and returned to where they came. If someone is dumb enough to use a publicly known address for a billion Bitcoin transaction, they deserve to have their account frozen until it is investigated. Registering an address can be as easy as an encrypted message to a treasury server using PGP. Hopefully someday this will make Bitcoin appealing to every treasury department. |
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FUD will dissipate as Bitcoin becomes stronger and more secure. We need positive memes. Given the timeframe for this project, I wouldn't worry about hackers since people are getting smarter (including me) about encryption and backups.
Bank heists won't be possible not because police will detect the robbery, but because wallets will be encrypted. Even if they are decrypted, anywhere Bitcoins are spent they will be traceable at both ends of the transaction. Even Bitcoin laundry services will be unusable because it will be illegal to spend or accept unregistered non-green addresses which will be tagged by the nation in which they are used. No more inflation and your money saved will go up in value (on average, despite speculation) ensuring some security.
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Or to put it perhaps into a more E-Prime form which avoids the "is" of identity, and to speak of ones own perceptions/preferences as opposed to some assumed absolute God-like objectivity etc.: Bitcoin: works for me. If you like E-Prime. Check out gendo language. |
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My experience with producing tv, radio, and newspaper ads (before the internet days) tells me that Bitcoin would not be served well by tv spots. Radio spots on popular radio talk shows may be the best value.
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I would like to see mock-up software
...
The next attribute is obvious. Obscure securities based on credit and margins could not be bailed-out by printing fiat money.
Please add to the list.
Thats to much information for 15 seconds. no matter which way you cut it 15 seconds inst enough to say anything about bitcoin. for real we would need a 2 hour film called "Intro to bitcoin" this is why i say the commercial should just give one clear message :: "Bitcoin ... go check it out online" heh, yeah it would be difficult to do all of that in a short spot, but not impossible. I guess the simplest message about Bitcoin is that it re-invents the piggybank. (credit to slush for his avatar) |
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I would like to see mock-up software and devices that show the real strengths of Bitcoin. IMHO the biggest strength is not anonymity, but transparency. Privacy is great, and should be protected, but we live in a culture of laws we create. Law enforcement can be given the tools to make every Bitcoin transaction transparent and traceable. No more money laundering, no more incentive for organized crime. Don't give me the Big Brother bullshit, that boat sailed long ago. In fact, so much money would be saved in law enforcement that because crime would decrease, prison population would decrease, and folks would save a fortune in taxes. The social benefits of Bitcoin are numerous.
The second best attribute of Bitcoin is security. It can't be stolen if properly stored and backed up. No FDIC needed. Mugging would be rare for people that don't wear jewelry.
The next attribute is obvious. Obscure securities based on credit and margins could not be bailed-out by printing fiat money.
Please add to the list.
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When Nefario gets settled, perhaps he can help me recover the lost account.
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Maybe we should suggest bit-pay? As far as I know bit-pay is easy to integrate in websites and they don't have to deal with price fluctuation/money conversion so this could save some work for their staff.
This should be communicated to the US branch though because bit-pay only operates there.
The donator is still not traceable wit bit-pay. After all, the guberrmint doesn't want money laundering going on with those commie wiki folks.  |
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If your time horizon is 10 years you are going to be disappointed. I say maybe if Bitcoin is very lucky in 20 years it might have Paypal like acceptance (which is still only about 2% of VISA transaction volume). To put it into perspective Bittorrent (probably the most successful p2p application ever) is about 10 years old and only a tiny fraction of the world uses it.
Maybe so, but do you notice that everything is going faster every day? Population is growing geometrically. Communication technology is growing exponentially. Social changes are happening faster. Timelines are shrinking. I don't think ten years is unrealistic at all. |
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Why the hell would VISA do that. If I was a shareholder I would move for the CEO to arrested for violating fudiciary duty.
Hey we have this ultra profitable near global monopoly with massive transaction volumes and no real competitors ...
Lets scrap all that and move to a network when anyone can be out competitor and our gross profit margins fall 90%+.
If VISA is unable to compete with Bitcoin based money processors, then the CEO would be in violation of fiduciary duty for not remaining competitive. Besides, who knows where the global economy will be in ten years? Complete transparency of all financial transactions may become the only thing that saves us from the ravages of corporate/political corruption. Bitcoin can provide that. |
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And here I thought I only needed the username and secure password.
Exactly. Very confusing. Although once I understood how the system worked, I started to like it. You will be among the very few that will understand it or like it. |
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And here I thought I only needed the username and secure password.
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It's unlikely your account got hacked. Afaik the password asked is only used locally to en-/de-crypt local storage of keys.
Did you export the account keys/id/... before using the Export feature?
Maybe you deleted the local storage of your browser somehow which contains the keys and ids for the account (don't know exactly in what way this is done). That would be bad if you didn't export them.
Yep, that's what happened. |
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Looks like it is back up again.
yes, thanks nefario!!! It is still down for me. Maybe try to log out completely and re-enter the password? It won't bring me to the login page. It only asks for a PW without a UN. UN? This page: https://glbse.com/client/glbse/index.html always loaded for me, even when glbse was "down" (was just the backend). What do you mean by "login page"? UN = username. I get a password page. It accepts my password, then it goes to the account management page, but shows no account. All I can do is register, import, export and clear. Maybe my account was hacked? [edit] It appears I did not understand the procedure regarding backing up the private key. Ah well, I did not have many bitcoin invested. I still do not understand the procedure for recovery even if I had backed up the private key. |
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How would 20 entities be worse than 1 private entity. Is there any other industry that you think a single monopolistic power is best?
That would make counterfeiting much more lucrative. I don't pay for a happy meal with junk bonds, though that may be appropriate. No need for it to be paper money. Honestly there is very little need for paper money. You could just buy your happy means with electronic payments. VISA currently processes 100+ different currencies globally. Adding a few private versions wouldn't be much more difficult. The only difference is that you would be paying in xyzBucks instead of USD. Well sure, local currencies are fine when I'm traveling. If VISA can offer a lower exchange rate and processing fees than a Bitcoin based exchange and money processor, then good for them. Personally, I think VISA will migrate to Bitcoin, change their name, and restructure their entire business within ten years. |
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How would 20 entities be worse than 1 private entity. Is there any other industry that you think a single monopolistic power is best?
That would make counterfeiting much more lucrative. I don't pay for a happy meal with junk bonds, though that may be appropriate. |
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Looks like it is back up again.
yes, thanks nefario!!! It is still down for me. Maybe try to log out completely and re-enter the password? It won't bring me to the login page. It only asks for a PW without a UN. |
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Looks like it is back up again.
yes, thanks nefario!!! It is still down for me. |
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