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1  Bitcoin / Bitcoin Discussion / Re: Are bitcoins your dirty little secret? on: July 25, 2011, 10:48:30 PM
Your missus is a dream killer.

My boss bought bitcoins.

My GF hopes they make me filthy rich.
2  Economy / Speculation / Re: Follow the Money on: July 24, 2011, 08:24:54 PM
What complete nonsense. The only big reason to do that rather than deal in USD is pushing large amounts of money across borders. The Bitcoin market simply isn't liquid enough to do that at the moment. Otherwise we would be seeing large volumes on at least two different currency exchanges.

3  Economy / Economics / Re: Gold vs bitcoin on: July 18, 2011, 11:20:33 PM
The bitcoin system is the miners, you can't just fabricate a new community and for that reason it will be very hard to compete with Bitcoin unless you have a compelling improvement.
4  Bitcoin / Bitcoin Discussion / Re: Happy Secession Day - Bitcoin Facebook Photo on: July 06, 2011, 04:10:28 PM
Politics don't matter to bitcoin.

Bitcoin don't give a shit.

5  Bitcoin / Bitcoin Discussion / Why Bitcoin will be bigger than The Bible on: June 27, 2011, 11:32:21 PM
This thread has been intentionally titled to raise some eyebrows but I shall explain the reasoning behind the statement and hope to convince you that what I say is in fact true. There is enough negative rubbish around here so I thought I would do something to redress the balance.

It was Margaret Thatcher that claimed that there is no such thing as Society and she was talking nonsense. We are all distinct but collectively we are more, much more. We have been able to collaborate and compete with one another through endless generations to elevate humanity beyond a mere collection of self serving individuals. The human brain is widely acknowledged to be the most complex structure in the known universe but it is small fry compared to billions of them all fizzing away on this little planet. 7 billion heads are better than one as they say.

All these brains have lots of individual challenges to overcome but in an overcrowded world it is the collective challenges that are increasingly urgent. Society is required to ensure that we can normalise with our fellow man, identify the biggest challenges and work on them together. It is not a dog eat dog world. Competition is not the rule as many would have you believe, cooperation is a much more powerful force by far. Dogs don't eat each other if they can help it, they evolve pack instincts and respect for the territory of others.

In the same way that dogs have evolved rules, so have we. Not all of us are nice but it is interesting to note that as a society we are bad enough to need rules but good enough to implment them. The diversity of our species ensures that there is plenty of room for conflict and general disagreement and to resolve this we need to apply rules. Religion offered guidance on the best practices to ensure a reasonably trouble free and painless life but things have got a little more comple that that. It seems as a species that we may in fact have gone a bit overboard with the rules, or at least it did when I came across the Korean directives on free trade of cabbages.

Money is what makes the world go round. Like it or not, it is the truth. Most of our trade is tightly controlled, groups of important men make decisions in our best interests. They make rules on how money should de distributed about, which country we should attack in defense of our interests, what level of rights to afford individuals and all of the other stuff that we need government to decide upon. The trouble is, the most valuable assets are the people who make the rules, they can punish their enemies, reward their friends and supress all challenges to their authority. The fact that a relatively small group of people can wield so much power represents a single point of failure. A system is only as strong as its weakest element and the greatest challenge to Society today is to find a way to eliminate weaknesses in our systems of governance and ensure a fairer deal for everyone.

The reason that I think Bitcoin may be bigger than the Bible is because it represents a shift in the way that we organise ourselves. It shows us what we can really do to leverage the power of the internet. Bitcoin has solved old riddles and will be ancestor to a thousand ideas in the future. It beautifully expresses the solution to a problem that has vexed mankind for as long as we can remember and gives us the confidence to ponder just how far we can go. Never before has it felt so possible that we can lift ourselves from servitude and assert our collective power. Bitcoin or one of its offspring will be the rules of exchange, encoded immutably into the fabric of our society, it will be the collective consciousness of the world, branching, merging, collaborating and competing to better itself, for us.

The genie is out of the bottle and I for one am more optimistic about our future than I ever have been.
6  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: June 24, 2011, 09:41:40 PM
In a UK Newsnight piece on Lulzsec about 1 minute ago, the BBC stated that hackers trade in Bitcoins!
7  Bitcoin / Bitcoin Discussion / Re: Watching amateur finance types flail on: June 24, 2011, 06:59:41 PM
ooo, oo, that looks just like another graph I have seen.

8  Bitcoin / Bitcoin Discussion / Re: Square²Wear Slogan Contest (win 1.5 btc) on: June 24, 2011, 01:37:40 PM
Chuck Norris doesn't wear Square²Wear T's, Square²Wear T's wear Chuck Norris.

9  Other / Beginners & Help / Re: Call me crazy but.... on: June 23, 2011, 10:36:58 PM
Just to be clear, you think that the guy who created a decentralised inernational cryptocurrency that represents the biggest advance in digital anti-forgery tech in years is the same chap who bought a shabby trading website and then saw it get pwned?

No. I have no evidence but I have a hunch that they are not the same guy.
10  Bitcoin / Bitcoin Discussion / Re: Did you hear all the good news about bitcoin? on: June 23, 2011, 09:35:38 PM
I absolutely agree. I think that Bicoin embodies an idea that will be too irresistable to too many people around the world. The idea of a cheap, truly international, decentralised medium of exchange that is safe from your wise leaders is but the first step of many to a bright future.

It is not often I get seriously obsessed by an idea so when I do, I know it must have something. Bitcoin is really serious. All the while I am still alive, there will be a market for Bitcoins.

11  Bitcoin / Bitcoin Discussion / Re: Doug Casey on Bitcoin on: June 23, 2011, 09:24:32 PM

good. then calculate the likelihood of something like that happening in your lifetime, and there is your risk for gold.

The rate of change in technology and society is increasing, its more likely than you think.

Its beginning to sound more plausible the more we continue these discussions.

The salt analogy is really a striking one. Roman soldier were paid in salt.

Here's an interesting story:

Mahatma Gandhi led at least 100,000 people on the "Dandi March" or "Salt Satyagraha", in which protesters made their own salt from the sea, which was illegal under British rule, as it avoided paying the "salt tax". This civil disobedience inspired millions of common people, and elevated the Indian independence movement from an elitist struggle to a national struggle.

Sound familiar?

12  Bitcoin / Bitcoin Discussion / Re: Doug Casey on Bitcoin on: June 23, 2011, 12:02:15 PM
Bitcoins have a History of being traded, albeit a far shorter one.

If a history of tradability is all that one requires in order to be 'backed' then Bitcoins are likely to far better backed in the long run as they have unique properties that Gold simply does not. Try sending gold by Morse code for example.
13  Bitcoin / Bitcoin Discussion / Re: Doug Casey on Bitcoin on: June 23, 2011, 11:56:51 AM
Guess who has all their money in Gold?

Aside from being a pretty and maleable metal, I do not understand why Gold is valued any more highly than Bitcoins aside from the history of trading. Gold is no more 'backed' than Bitcoins, you can't eat either at the end of the day.
14  Bitcoin / Bitcoin Discussion / MtGox Role Playing Game. Can you do any better than MagicalTux? on: June 22, 2011, 03:03:39 PM
Not sure if this is done already but it made me laugh:
15  Bitcoin / Bitcoin Discussion / Re: The Forgotten Lessons We Learned & Mt Gox. on: June 22, 2011, 02:09:09 PM
I use Britcoin. Does that mean I am playing a different game to you lot?

That's okay, I can kick back with the Polish and watch you lot talk yourselves into the ground. Have fun!
16  Bitcoin / Bitcoin Discussion / Re: The Mt Gox Master Plan on: June 22, 2011, 12:17:31 PM
You know what the main problem with this Bitcoin forum is?

It is the number of paranoid fantasists that are attracted to it. I can't wait until more normal, rational folk get involved.
17  Bitcoin / Bitcoin Discussion / Re: [Reality Check!] Strong Indication MtGox Is Packing Up to Run w/ Money and BTC? on: June 21, 2011, 10:07:52 PM
Why did they intentionally set-up a system that will keep us waiting, worrying, fighting, and debating for at least 3 more days, and causes much more needless work for MtGox?

Have you ever tried to rollback a database using just a transaction log? Depending on how prepared they are to do it, it could either be relatively simple or an absolutey fiendish bastard. I'll bet it is the latter.

It is not like they are there calling the shots, they are well up against it and they are probably sat there sweating and typing as fast as their fingers can go making decisions minute by minute in a marvellously frezied ad-hoc panic. Good luck to 'em, but I don't think they are going anywhere. sit tight.
18  Bitcoin / Bitcoin Discussion / Re: Awaiting the great MtGox Cash Out on: June 21, 2011, 05:47:07 PM
i was skeptical at first about bitcoin but the more this stuff seems to be resilient the more i believe in it's longevity

+1. If it doesn't kill you it will only make you stronger. Never been truer than with Bitcoin.  Cheesy
19  Bitcoin / Bitcoin Discussion / Re: I'm Kevin, here's my side. on: June 21, 2011, 12:38:38 PM
6,6 million coins in existment

WTF does 'existment' mean?!?

This sounds like the first real news all day!!!
20  Bitcoin / Bitcoin Discussion / Re: The Flamers Are Back! on: June 21, 2011, 11:46:28 AM
My details were leaked, before this I had no problem with MtGox. Now I think they are fucking idiots and deserve everything they get. No FUD, no agenda or axe to grind. I have my own security precautions so I am not all that bothered by the leak but I can see why some are.

If you stand on the backs of giants you should know that it will be a long fall when you lose your footing.
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