Bitcoin requires a hell of a lot more trust than you think.

Organizations and agencies aren't evil, the people controlling them are evil.

There are quite a few evil people in Bitcoinland too.

Your ideas aren't exactly new and have had limited success.

Well, they already know it is for bitcoin so my sister/I can't go and tell them something else.

The whole concept of "lending is good for economy" is a scam, it is an excuse for banks to rob people with interests and doing fractional reserve practice to collect more interest...

Sometimes watching this forum is like watching kids grow up. That's not a negative thing. In fact, it's kind of cool to watch especially with someone that has taken a hard line view for a long time. Then some major event happens like Pirates Ponzi and they come to the realization that things work the way they do for a reason. You can almost see them saying in their heads, "now I know why fraud controls exist, now I know why the Fed is there, now I understand the reason for banks and lending, now I understand international trade controls, now I know the reason for legislating financial controls, now I know why the barter system was replaced, now I know why you don't trust strangers.........

Stop right now, and look at the wall. No, seriously, stop what you are doing and look at the wall. I don't know if your wall is papered with wallpaper, or if you have paneling, or if it is simply painted. But whatever it is, how do you know that there is anything behind/beyond the surface of the wall?

You might have seen the wall built. You might have only tapped the wall with your knuckles, and it felt solid. You might have even put your fist through that wall at one time or another. But how do you know for a fact that there is anything behind/beyond the surface of that wall right now? For all we know, observing the substance behind the surface of the wall is the thing that brings that substance into existence, and that it really wasn't there before we brought it into existence through some form of observation.

The point is, how much evidence do you have to see in nature before you can postulate within yourself that God must indeed exist? EVERYTHING in life exists partially by faith. Nature seems to show that God exists. The surface of the wall seems to indicate that there is some kind of solidity behind the surface. But until you stand face to face with whatever, you have to live, at least a little, in faith.

ALL people live in faith many different ways throughout their whole lives. Meeting God in person is the only pure proof for His existence. But the evidence that He exists is great, far greater than the constant babbling of the scientists that evolution exists. In their babbling they live in faith just like everyone else.

I think there is a very big difference between trusting a professional managing/handling your money and trusting some stranger that you recently dealt with from not stealing from you when they have the opportunity after the fact.

too early to talk about bubble, we are still in a downtrend.

you know how much i enjoy putting up news that verifies that we, as Bitcoiners, are not hacculinating or existing in an echo chamber about past details regarding moral hazard/corruption in the financial system...

Back in 2004 I had it all mapped out in my brain: sell real estate, buy gold, then silver. Wait 5-10 years for the inevitable real estate crash, sell PMs (I was predicting $3k - $5k per oz) and buy real estate again. Obviously my friends and rels said I was nuts. In retrospect it was a pretty good plan...

but I hadn't counted on those bitches at the Fed and their desperate need to keep the banks afloat at all costs...

I have no idea what this said "Jody's Log" is all about.. I just wanted an up date man.

I don't think we will ever see any kind of trading in the form of paper bitcoin. This would simply be too risky for the person accepting/receiving the paper bicoin. Even if the merchant were to check the balance associated with the paper bitcoin wallet prior to giving goods to the buyer, the buyer could still transfer the balance out of the address at a later point until there is a confirmed TX out of the address associated with the paper bitcoin.

This concept would only work if you are dealing with someone who is very trusted or if you are giving this as a gift to someone.

...if a large enough number of customers of a specific bank want to get their money back, the bank wouldn’t be able to meet the demand...

so that we can have btc fractional reserve which most of us already hate ? But there are people out there are cool with fractional.

the good news is i think he's hitting a BTC bottom.

Decided I'll sell 50% of my gold tomorrow and buy 4-5 BTC with the cash  

Lol, well, av smoked a bit in ma time, n man enuff tae ken when I'm both strong or weak.. right now, your 6 times weaker in all abilities, bar 1.. and that dont seem to matter..  hence tonight I win.. whatever lol

So your (officially) 6 times dumber then?

so what you been smoking?