core dev team where so few as 5 completely control the code
OP does not understand how open source projects are developed. Why bitcoin? That's easy, it's not an inflationary scamcoin like fiat. Nor is bitcoin backed by coercion and violence. No other currency with a 3bil+ market cap in the history of Earth can make that claim. |
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End? We've barely even begun.
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Above all else, Bitcoin is poised to solve forever the problem of trust in money creation and exchange in a capitalist system.
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When the total value of bitcoins exceeds gold? M1? Global Product? All of the above in rapid succession, probably at some point in the not too distant future. |
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I blame everyone except me.
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You only need to spend a few thousand dollars early on to be very wealthy in late 2013, and that assumes you give away or lose 1/2 of your coins! I would invest at least $20,000 so I can have plenty of room for fun and sharing.
Yea sharing... It's always easy to share the money you don't have and then you hit a jackpot and turn into a scrooge.  “The strategic adversary is fascism... the fascism in us all, in our heads and in our everyday behavior, the fascism that causes us to love power, to desire the very thing that dominates and exploits us.” -Michel Foucault |
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Let us hear how would you make your millions in case you had a time machine to come back to 2009.  Start funding the creation of a decentralized darknet marketplace, so it'd be both anti-fragile and voluminous today. |
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they are trying to hard to kill bitcoin price with all those troll news, despite all the 230 mark is still holding strong
they should at least back up their claim, why they don't try to abuse the blockchain then?
This. Either that, or insiders know something that's why they are selling. No one is more of an insider than Satoshi Nakamoto, and Satoshi has not sold a single dollar's worth of bitcoin! Everyone here needs to grow a pair and  Or get out of the way and remain irrelevant. |
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My optimistic ego says "Well, eventually all internet users will use BTC at some point, it's inevitable", while my pessimistic side says "yes, maybe, but will happen within the next 100 years" This is like asking, in 1994, if it will take 100 years for the internet to blow up. The answer is no, it will not. Fiat money doesn't have 100 years to live, it will be lucky to see 2025. Only one thing stands between Bitcoin and mass adoption: time, but not much of it. |
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They are traceable as hell, the NSA has backdoors in your HARDWARE unless you are using a pre ~1995 machine.
Assume all your communications can be intercepted and behave accordingly.
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The carrying capacity of the earth is not static. Technological advancements continually expand it. We aren't living in a glass bottle, but a rubber balloon.
Yeah, about that...  What do you think happens on this graph now that we're slowly running out of fossil fuel? |
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Unless OP represents a nuclear power, OP's proposals to nation states are irrelevant.
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oh look, a new shitcoin from a noob account, let me download it and get rich.
But PenisCreamCoin can't possibly fail! It's got all the bestest features! |
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"Look, bitcoin tanked from 1200 to 800 so fast, this MUST be the buy time, there's no WAY it'll go any lower than that!"
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"Bitcoin just hit 150, this is the peak for sure! It's only worth $100 per btc max, I'm selling all my coins!"
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American "libertarianism" is growing only among sheltered suburban white males with republican parents. Most healthy teenagers grow out of childish Randian philosophy before they turn 17. Only those who stop reading other philosophical works, the fundamentalists, remain libertarians.
You can call them simply middle class taxpayers  . What middle class? This isn't 1965, the middle class has been replaced by Chinese, Indians, computers, or robotics such as in automobile manufacturing.  And this trend is going to continue until an American employee has a lower cost of living than their labor competition in Asia. Or the total collapse of the system, such as if one day Americans get pushed one inch too far from their "dream" (a fantasy), one inch too close to third world living conditions. |
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American "libertarianism" is growing only among sheltered suburban white males with republican parents. Most healthy teenagers grow out of childish Randian philosophy before they turn 17. Only those who stop reading other philosophical works, the fundamentalists, remain libertarians. You know what I'm going to ask don't you? You didn't read the chart. The very bottom line says "Source: Public Religion Resource Institute, American Values Survey 2013" and so on. |
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What some dead French philosophers think we should consider the word "democracy" to mean is basically *irrelevant* (or do we have to run votes now to determine what people mean by words?).
I can't speak for anyone else, but I'm more fond of certain dead French philosophers than I am of most living American politicians. |
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Yes, they do. The miners decide which coins to mine, the miners decide which fork survives in a hard fork, the miners decide which bitcoin patches are used and which are not.
Hmm... okay - so you mean deciding which version of the software to run - still it isn't "democratic" as if forks happen then miners can choose to stick with a fork (there is nothing to force them to do otherwise). Saying a miner can stick with a dying fork is like saying a miner can stick with a dying altcoin. Yes, they technically can, but will they? Will any miner pay the electricity bill for that shit? Not for long. Note: I'm not speaking of hobbyists on their laptops here, but people with real money invested in mining as an enterprise. Those with farms and such, the real players. |
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