Good points, and I agree with them all.

What is money? Here is what money is, nothing more and nothing less: Money is the stored up labor of the people. In the short term, the act of exchanging money is what causes the various forms of labor to increase or decrease in value with relation to other forms of labor. Money itself is simply stored up labor.

You need to keep an eye on the Bitcoin client when doing transactions. I have caught my client making mistakes. Of course, they could have been my mistakes, or maybe I need a new keyboard or mouse, or a better OS, but the point is to double check everything all the way.

Just a thought. Their support site is the same one CampBX uses.

Again, it isn't always what the people are doing directly. It's what they are trusting the governments to do. Once the governments do what they do, the people will fall in line, if they like it. See my fourth post at https://bitcointalk.org/index.php?topic=438564.new#new, post #11 if nobody deletes any of their posts.

Actually, it is government agencies who are developing conversion aspects of Bitcoin. Right now the CIA, NSA and FBI, along with their counterparts in governments around the world, are developing methods to readily convert bitcoins back and forth between the world currencies. You've heard of government slush fund accounts. What better way for gov agencies to finance slush fund accounts than through Tor and Bitcoin Fog-like conversion houses that you and I know nothing about?

Like the Internet was made practical so that the military could use it, and like Tor was and is backed by the navy, and like we all use the Internet and many of us use Tor, we will be able to use the worldwide, Bitcoin exchange houses that the espionage agencies are setting up around the world.

Good, bad or indifferent, Bitcoin is here to stay.

Basically, they are going to try to adapt Bitcoin into the "system." They don't know how they are going to do it. They will have to rewrite all the banking and money laws from scratch.

Doesn't sound like good news to me. The good news would be to repeal all the laws. Why? Because any laws can be applied against anybody, even the lawmakers. And they take away freedom.

The only thing that should be in place is, laws as warnings and instructions and guides. ALL litigation should be based on harm and damage done by someone against someone else, not on laws.

As for Bitcoin, the good news is that they aren't going to try to shut it down directly.

Actually, it IS the value that people place on all these things. However, it isn't always direct value.

We wouldn't have a military if people didn't place trust in government officials to provide a military. So, indirectly, it is the value that people place on the military.

Now that people can see more and more how the banks and government and the military are NOT doing what they want, the people are turning to Bitcoin to overcome the problems that they see in the system.

It all has to do with the value people place on everything.

Yeah, I know. All that bandwidth and such.

A lot of people enjoy fearing things, period.

The only thing that backs Bitcoin is the same thing that backs the fiat currencies, stocks and bonds, and anything else. It is the value that people place on it.

Bitcoin has expanded by virtue of what the people think, in 5 years, so that it is becoming a threat to the fiat currencies, currencies that have been around for as long as hundreds of years. It all has to do with what the people think. And what the people think has to do with what the banks and governments have trained them to think. Now it is starting to backfire on the banks and governments through Bitcoin.

How about changing the Bitcoin client so that certain bitcoin transactions can be backed in redeemable fashion by certain dollar bills (or $100s).

Every dollar bill has its own serial number that is unique to it and it alone. Why not change the client scripting a little so that a person can lock a specific piece of currency to a certain Bitcoin transaction. Doing this might stabilize the big Bitcoin value fluctuation a little.

I don't have a clue what would happen in the real world, but think about it and reply with your thoughts.

Bitcoin has not become popular enough among people that it can be used to buy all the food and clothing, etc., that you need to live. Because of this, every pro-Bitcoin person needs to look at all the issues regarding Bitcoin.

People in governments who are anti-bitcoin, are keeping part of their focus on what Bitcoin might do to the fiat currency system. Bitcoin might collapse the whole structure of money if it can't be controlled, or if the people that use Bitcoin can't be controlled. Something like this could change the wealth structure in the world. It could shift the wealth, and the governments don't like this because they would lose control.

If Bitcoin crashed the fiat currencies (which will crash on their own, anyway), and if it was done before the people are using Bitcoin for all the things they do in life, there might be a lot of pain and death until things settle down.

Think of how many people are fully dependent on government checks, and their retirement accounts in the corporate world, with no other source of income or method to obtain food.

Think of all the big inner-city dwellers who would have no way to even grow their food. The fiat currencies will crash. We need something that is better to take their place. Bitcoin could be that something. But in moving into position, Bitcoin will actually help to destroy the fiat currencies.

So you see? There might be a lot of anti-bitcoin talk among the people who depend on the dollar, the government and the banking system. It shouldn't be this way. But people have let themselves be enticed into a hole called socialism. And the thing that backs socialism as it is today is money. When the money collapses, socialism will collapse. The people who depend on socialism don't like Bitcoin, because it is helping to promote the collapse.

People don't understand that the BIGGEST area of crime is the crime done by the banks and the governments. But even if they did, they have grown dependent on the banks and government so that they cannot live without them. This is part of the reason for talk against Bitcoin.

Anyone with an account could post the info you are looking for. But MoneypakTrader would rather you take the time to sign up and get the info that way. It's part of the understood rules.

You can easily get any number of online email addresses if you don't want to use your main email when signing up.

Once signed up, if you don't like what you see on the MPT site, simply delete your email account wherever you have it, and find another trader.

It's easy to do this, and it would be according to MPT rules.

Most of the info you would be looking for is available in the help section, or in this forum on the main page. The process is very simple. You will find very little info beyond what is posted here and publicly on the site. It's that simple.

Thanks for your good wishes. There are holes in everything, even potential holes in Bitcoin.

If Hitler had only waited a year longer, we might all be speaking German as our first language. There are holes in everything.

Forget the pyramid scheme aspect, and focus on Bitcoin and Gifting.

Lots of folks play cards and other games around the table, and bet for matchsticks or toothpicks. Matchsticks and toothpicks have value. They can be used for something useful... just like Bitcoin. Folks play the games for fun and bet for excitement, not to get rich. And this is all that people would be using the gifting for, at least at its beginning. After awhile, they would be thanking their lucky stars that they had been shown a way to give gifts to their kids and grand-kids while letting them get in on the greatest freedom-maker in the economic world.

I agree. "Bitcoin is the way forward," at least until something better comes along.

Freedom from the centrally controlled banking system that siphons off value whenever you use their fiat currencies, and more if you simply save them in a bank.

The only problem is the active supply in use. Imagine that there was only one bitcoin actively traded, because all the rest of them were hoarded or lost. That one bitcoin would have long since been split into its basic satoshis, each of which would be worth a fortune. Perhaps some form of scripting would be applied to the clients that would make satoshi kids and grand-kids (dividing the satoshi), just so that there would be enough of that single bitcoin to go around the world.

Then, watch the bubble burst when 90% of the rest of the bitcoins come into action in one day. Never happen.

There is no problem with lost or hoarded bitcoins.

The one major reason Bitcoin matters is

FREEDOM