It's very simple actually. They want the banks to remain solvent. They want those who made poor investment decisions to be compensated. They want government to create economic stimulus. They want the economy to recover. They want lower consumer prices and interest rates to remain low. They want higher wages, more benefits, and more jobs. They want the federal budget balanced and the debt paid off. And they want reduced taxes. Is that so much to ask?
What they want may not be so simple, but what they need is simple. 1. Corporations are not people 2. Money is not speech 3. Roll back the Reagan tax cuts |
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phoenix rising
The dead are rising. heh |
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After viewing the recent LA Townhall presentation, I realized that a monetary market system that wasn't based on debt or interest is something that Peter Joseph hasn't yet heard about. I think that if he learns about and understands bitcoin, he would be able to promote it or at least mention it to the rest of the Zeitgeist Movement. Don't worry about them. You understand what bitcoin is about, but don't expect others to. Groups like that are well to develop a Ripple type system. Eventually, people will realize the senselessness of money, even bitcoin. |
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I've choreographed a spirit dance with the public/private keypair encoded into the chant and dance. I plan to pass this down for generations so when in 200 years or so, when bitcoin get's back up to $30, my great-great-great-grandchildren can buy a cup of coffee.
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hmmm? another bitcoin wannabe?
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It's the Washington Times (A News Corp company) actually. The enemy of my enemy. hehe Thanks, I corrected that. Honestly, all this titles of american newspaper names sound the same to me. How many Something Times and Something Post do you guys have? I would not have mentioned it, but I take exception with News Corp publications and broadcasts.  |
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The conclussion of the article: But there is some reason to be hopeful because very bright and creative folks are experimenting with private monies on the Internet. Advances in computing power and encryption technologies are increasingly making it possible for people to get around the destructive government money monopoly. With some luck and some support from countries that are not part of the U.S. dollar, euro and Japanese yen blocs, free money might yet succeed. If not, we will continue to be doomed to a life of boom and bust, and inflation and deflation, as the central banks continue to nail all of us on the cross of government monopoly money. Wonder what he is talking about  The whole article is worth the read: http://www.cato.org/pub_display.php?pub_id=13798It's the Washington Times (A News Corp company) actually. The enemy of my enemy. hehe |
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We'll see. I'm definitely intrigued but I wouldn't be surprised if the Elliot Wave theory doesn't quite work out as people expect. But If it does go like that I'll certainly be a believer and take it more seriously in the future  That kind of movement does make sense to me on some level so I'm somewhat prepared for it in my trading strategy. But I'm also prepared for the alternate which is that the theory doesn't quite apply to Bitcoin in the way people think it will. Right, I think Bitcoin follows traditional patterns to a point, but will eventually break the forces holding within traditional frameworks. |
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Using other charts, it looks we will have a short term rally, but still bull.
Using elliot wave theory, I would suggest we are in "B" state, when we have a minor rally before the final downward direction.
So what does Elliot Wave theory say about this "final downward direction." What is the finality? |
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With QR codes this would be so easy to do.
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And they'll reduce home invasions where someone with a metal detector can find your overpriced silver and gold for anyone smart enough to convert those to bitcoin.
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Bitcoin is a step toward RBE. You may not see it because it has transcendent properties. Wait for it.
Excuse my ignorance but what exactly is RBE besides Radeon Bios Editor ? Thanks. It's a not yet viable economic system that allows efficient distribution of useful resources for a sustainable and progressive civilization. It precludes the use of money, which is a value system based on scarcity, rather than abundance. Some things will always be scarce. But we don't need the essentials of modern civilization to be scarce in order to satisfy our greed. Money will still be used for luxury and there are no limits to that once Mankind has reached this point. The system I envision would just provide access to technology to fulfill these essentials and every Man would have to justify only to himself and the peer group. We don't need to abandon profit, just share profits which can be shared freely. There will always be people willing to do more than that and not even that but I think overall Mankind has evolved to the point where it is no longer applicable to withhold wealth which already is abundant. Agreed. If we don't use something like bitcoin, then we will become extinct when our environment kills our species. [edit] IOW, we must learn to manage our economic resources efficiently before we can manage our natural resources. |
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Bitcoin is a step toward RBE. You may not see it because it has transcendent properties. Wait for it.
Excuse my ignorance but what exactly is RBE besides Radeon Bios Editor ? Thanks. It's a not yet viable economic system that allows efficient distribution of useful resources for a sustainable and progressive civilization. It precludes the use of money, which is a value system based on scarcity, rather than abundance. |
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Socialism gnaws at the soul. Who said anything about socialism? That's a strawman. |
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Bitcoin is a step toward RBE. You may not see it because it has transcendent properties. Wait for it.
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it's easier to tell you what a dumb cunt you are.
Why are you so full of anger and hate? It sounds like righteous anger to me. It's God that hates the greedy Wall St moneychangers. |
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How hard would it be to make scratch-off cards with bitcoin key pairs? I'm not sure what the legality of these would be. This might be a killer app for bitcoin.
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but you can still trace them, after they have received the bitcoins. you can't do that with cash.
If that is true, then bitcoin will make it even easier to electronically monitor organized crime as well. |
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Why do people fear bitcoin? Some say that an anonymous currency increases the chance of crimes compared to fiat money. For instance, if a kidnapper or other violent criminal asks to be paid in bitcoin, it will be impossible to catch them at the dropoff. This is true. I'll talk more about that in a minute. But think about the crimes that will be decrease because of bitcoin. Identity theft will be nearly impossible without credit cards and bank statements. Mugging for cash will be nearly impossible because bitcoin is secure. Bank robbery will become moot. Counterfeiting will disappear.
We need to get rid of the anonymity factor. I don't want to see a sniper posting a bitcoin address for ransom to prevent a random killing or kidnapping to become profitable and more safe. These are sociological problems that need to be dealt with, but we should not make it easy for criminals. It takes time for payment verifications to secure a transaction. Can we open up the bitcoin network to law enforcement so that such a payment can appear to go through, but then be secretly tagged and traced?
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