So I've amended the list and made a few other improvements. I threw out scarcity and replaced it with consistency. I was debating between consistency and predictability and in the end decided that predictable doesn't quite capture the certainty of the fixed supply, soundness is also an option that I'm still considering. I changed the description of tangibility. I followed the advice given and replaced virtually with mathematically. Decentralization I felt needed a bit clearer description so I changed it. I replaced capitalism with a lot more politically neutral and philosophically clearer self-ownership.

I also found the 10th principle to round up the number of principles:

If that is indeed accurate, wow! 

WTF what is this, $130k bid vs $100k ask fight?!

I also think a lot could be improved how this is communicated to new users. For example the warning "Don't Forget Your Password!
As your password is not shared with us it is extremely important to remember it, if necessary write it on a a post-it note now. There is no password recovery process! " Is in normal sized letters in dark blue color on a light blue background..

Why not make it BIG RED letters and in a pop up before they can even enter anything with a 3 second delayed close the popup button? And why not make this message more concise?

If I were you my message would read: WARNING: Lost passwords are UNRECOVERABLE and will results in LOSS of ALL of your bitcoins!

Covered under practicality and integrity.

I was thinking predictability as a principle for Bitcoins fixed supply. I somewhat agree that scarcity may be a poor choice of words since Bitcoins aren't really scarce per see, especially not right now.

There would need to be a hell and it would need to freeze over before I'd do that. And Bitcoin is not fair. What it is however is built on integrity, which I included.

You are mistaken. They are but a voice, just like everyone else.

Don't like that.


Yup. Changed it already.


I don't think that's accurate.

I'm looking for principles not engineering methods.

EDIT: on second thought, you just gave me a brilliant idea! I looked at http://thesaurus.com/browse/anarchy and to my dismay this word's meaning is generally used completely differently than how I use it. I 100% realize the meaning of words is just a commonly shared subjective preference and therefor it's a very good idea to use the most commonly shared preference if one's goal is to best communicate one's ideas.

So I replaced anarchy with decentralization and the idea you gave is to start calling anarcho capitalism decentralized capitalism!

Got a better word to describe the same principle?

What would you say to the following list and descriptions of the principles Bitcoin is built upon:

• finiteness - unlike the infinite supply of fiat currencies the total supply of bitcoins to ever exist is forever arbitrarily limited and fixed
• tangibility - issuing new bitcoins requires labor in the form of finding a specific number by solving a cryptographic math problem
• transparency - all Bitcoin transactions are public and forever stored in the blockchain for anyone to see
• anonymity - all Bitcoin transaction are only between cryptographical pseudonyms without the need to have their true identity revealed
• security - all confirmed Bitcoin transactions are with mathematical certainty irreversible, all bitcoins are with mathematical certainty non-counterfeitable
• decentralization - Bitcoin has no central authority and is voluntarily run by consenting autonomous peers in a peer to peer network
• self-ownership - only the owner of a pseudonym gets the password to spend his bitcoins in effect making them his property unless he chooses otherwise
• integrity - all bitcoins are counted equally(are fungible), virtually can’t be frozen or blocked from being spent
• practicality - Bitcoin works anywhere, for anyone, non-stop, and the protocol allows for many practical layers on top, just like email, http..
• rationalism - the Bitcoin software is written under the MIT open source license and is not a logically inconsistent intellectual property of anyone but merely organized information everyone can use as they wish

Did I miss/too loosely describe anything?

That's a bit of a slap in flatfly's face, wouldn't you say? I hope you talked to him before you did that..

+1

I'm trying to spread this: http://www.dailypaul.com/269672/gata-begins-accepting-donations-in-bitcoin

but it doesn't look like I'm getting any traction.

You mean translations?

He is a complete moron if it wont.

Yes, desperately.

It's certainly no worse than Silk Road with drugs and whatever else the corporate media claims one can buy there.. And Bitcoin should be used wherever it fits it's use case.

That does not an agreement make.

It does however mean that for YOU individually euros are a more marketable commodity than dollars because past experiences have taught you that people in your area are willing to trade them for other stuff, plus a small gang of thugs (also knows as the government) demands you hold euros when they want to rob you (also known as when you have to pay taxes). It could happen and it probably will happen very soon that this will change and the preferences of people around you will drastically change where they will not want to exchange their stuff for your euros anymore and they wont break any agreements doing so.

For once I 110% agree with you.

But where is the hold up? Can you specifically list the problems? I mean it's pretty hard to imagine someone like bitpay or bitinstant or mtgox or even bitstamp wouldn't sacrifice some of their capital in order to fund a website overhaul and relaunch..