Yet you are surrounded by ample evidence in the current era to the contrary. The debt-based monetary system has led to the obviously unsustainable position that all economic output, global GDP is now being consumed up by interest payments on outstanding debt, it is baked in to the mathematics of compounding interest. Probably not worth following this discussion much further if you are going to deny facts.

Paper debt money and other promises-of-payment money really, truly are competitive ... as long as it operates as a monopoly is what you are really saying isn't it? E.g digital money backed by gold (crypto-gold) or commodity baskets and etc hasn't even been allowed to compete, yet. Raising obfuscations like horses and carriage technological analogies is conveniently ignoring legal tender laws and other market-distorting regulations that outlawed competing monetary technologies and innovations since the late 1800's.

Bitcoin is far in advance of any monetary product on the market today technologically, as a requirement for it to operate in such a highly anti-competitive environment, and that is why it is kicking asses, taking names and enabling digital black markets. The stupid, lazy, greedy people involved in monetary technologies, central bankers and their foot soldiers in mega banks, financial institutions and economic academia, could never come up with something as sophisticated as bitcoin in a 1000 years, yet cryptographers hacked it together in a couple of years as a side project.

Diss it as much as you like from haughty economic academic standpoints. Fact is we made it work and it is a reality, all you seem to have are theories of why it shouldn't work.

You actually are against the guvenmint ... you just haven't connected enough dots to know it yet.

EDIT: my reason for buying bitcoins ... "It just feels right".

At some point the physical market will disconnect from the paper/digital gold markets.

There will be an independent quote of gold coin market averages that differs from the "official" gold spot price (which may have 7 years delivery delays and other hooks attached, etc).

For whiners and grinches like you the fee is doubled.

Bitcoin Nazi says: NO BITCOINS FOR YOU!

Bitcoins are being created at the rate of 3600 per day and they appear to be fulfilling a particular niche demand for money rather well, is that not a solution?

Alternate crypto-currencies are also being created if there are further demands for money also.

The economies of the world have many other serious problems, in addition to lack of credit issuance.

... except all his assets are mostly still frozen by the FBI under Proceeds of Crime type laws. He has been living on the goodwill of others since January last year.

Not bad at all, because you can vote with your wallet and get out of it if you choose.

With state fiat monopoly deflation there is no escape and they exacerbate it by criminalising gold and alternate currencies in such situations. In order to support the failing system they lock everybody in to "share equally" in the misery of the elites who are losing their wealth and status.

Wow ... you are the ETF trader for your firm and this is how you are thinking? That's revealing. If you don't mind me asking are you trading in a sizeable fashion ... small, medium, large, or etc?

shut up and take their money 

we need to lighten their load. 

There's at least $275 million that says you are just plain wrong (hint it is very little backed by drugs) .... and yet here you are arguing the opposite of the reality staring you in the face,
reality check scoreboard 

Ha!, Mr. Lee has changed his tune considerably ... and scored himself a gig at Forbes.

(Note to self: remember to send a thank-you to Mr. Forbes.)

Okay i wasn't going to say anything except you've persisted in derailing a currency restriction thread topic into USA health care wtf??? your neuron wiring may need some looking at their chump?

Back on topic.

The damage to an economy with cash restrictions cannot be estimated, since much of the cash economy is unmeasured and unmeasurable. They are playing with some serious fire. Restricting ANY economic activity at this time is lunacy, just look at Greece, Spain and Italy, all these economies have gone into a serious tail-spin since cash transactions became restricted. These are exactly the actions of facist, totalitarian economies, and usually when going into their end-of-life phase. I would warn against investing at all in France and getting funds out of there if you have any there.

And as John M. says in the article it is the small to medium enterprises that are most likely to be trading in the cash of the size that they will impact. It will hit the working poor the hardest, not the people you want to restrict economic activity since these are major drivers towards improvement. The desperately poor and living-off-the-state poor are not going to be driving any economy anywhere.

tl;dr
Cruel, stupid move against the working poor who are trying to better themselves by the French Socialists govt.

meh ... think this was just a matter of time, maybe already priced in ... reddit already had bitcoin spirit running the veins i think, still GS though

What I want to see those tossers on slashdot start to recant all the crap they've spewed against bitcoin, that will be sweeter. Slashdot used to be on the edge now its the old sys-admin, crew-cut and pocket-protector brigade talking the walk and resting on their laurels.

I dunno .. that could be a one hell of a huge stilletto ... means we are heading higher, like much higher north of $40.

I was expecting correction to $20, but that might be all we get is what we saw today. Next stop $32 ... choo-choo.

Just tried the latest version and seems to work ok ... well done Atheros, this looks like a really promising piece of work.

Any idea when security audit might get done?

pure awesomeness ... of course 

I'm liking that the "monetary freedom" meme is gaining traction ... amongst thinkers and talkers, etc.

The regulatory capture provided to the fed. res. banking system with their monopoly money, aka constitution-cheating contract law debt notes, is a major source for all the other problems, in many areas of society.

Yep and it is quite a bit like how a bank works, sans 'interest' paid on deposits.

I'm waiting for the fireworks when the banksters start defending their turf from likes of Amazon, Google, Apple and Facebook for when they try to become banks, issuing their own monies, holding deposits and etc... it's gonna be great showdown! and the polictico whores will be prostrating themselves this way and that, changing the rules, switching sides, should be a good sh1t fight ... hopefully they'll all be distracted enough with their monetary power struggles that bitcoin will stay in the "Too Hard" basket ... and we can get on with gobbling up market share.

Bitcoin has opened up pandora's box and there is no closing it now, a period of massive monetary confusion is now upon us, opportunity and danger abounds.  

Monetary Freedom is a most basic of human rights.

khalahan is now the lead dev., that said he can be troublesome to get hold of ... try here http://dot-bit.org/IRC_Channels or here also http://dot-bit.org/forum/index.php