http://www.shtfplan.com/precious-metals/liquidate-iras-and-401ks-or-suffer-grievous-losses_12082010

"This means that at some point in the future, when government comes under pressure from debt buyers to raise interest rates in order to offset the risk of a depreciating dollar and potential for default, the interest payments on our debt will rise significantly. Some estimates suggest that 60% of our outgoing payments will eventually be interest – a number so large that it will literally destroy the US economic system as we know it. At some point, our international line of credit (provided by China, Russia, Japan, et. al.) will be cut off.

"In a last ditch effort to prevent complete financial, economic, political and social collapse, the government, like those in Argentina and Hungary, will move to seize private assets of Americans. Those assets are primarily held in IRA and 401k retirement accounts and they will become the targets of government intervention."

Yep. They definitely exist, but no way that 3 out of the first 10 or so people that clicked on this have that many...

Love it.

I was happy when it stayed at $5 for many months... those were productive months.

Just curious

Why would anyone give you money at the lower rate of 3.5%/week when you're just going to pass it through to pirate?

This.

Ah hahahha nice

I just buy some coins every month, regsrdless of the price. It's too much stress worrying abousomething you cannot predict, so that's why I'm slowly dollr cost averaging. I'm getting for the long haul with bitcoin, for all of its stated benefits, not for the price potential (although that would be nice too.)

Speaking on that point, someone told me that if the illegal drug trade moved to btc exclusively, then each coins would be $15000. I didn't check his math or sources thougl but it sounds believable.

(blame my ipad for the typos)

Whew, this is a huge relief.

This looks interesting. Any chance the charity could be used to pay people to work on core bitcoin? If so, then I may toss in some coin since block-chain compression needs to be addressed.

A lot of the questions were misleading...

For example, I came across far more economically leftist in this study than I should have. Questions like "is it okay if profit is the only goal for a corporation" and I said no since it depends on how it generates those profits: justly, or unjustly? For example, a cult or MLM scam harms many people even though it's a business in the free market.

But just because I think corporations do have social responsibility, it doesn't mean that I think the government needs to be involved. I don't even think corporations should exist as they do now anyway; they're an invention of government. In the end, I basically desire some of the same end-results that a lot of the left wants (good medical care for everyone, etc.), it's just that I believe the only means to get there is through freedom, not big government.

I don't think we need to organize. It's probably best that each person do the donation themselves directly to those that implement the necessary compression features. Otherwise there could be disagreement on how to distribute the pledges, for many reasons...

This thread is just to give incentive to solve the blockchain bloat problem. It's up to each individual to follow through on their personal pledges.

I really like the concept of ultimate blockchain compression.

I don't have the time nor the expertise to contribute code to implement etotheipi's idea, but I do have the coin. I hereby pledge 10 BTC to the person or persons that implement ultimate blockchain compression. With such a scheme in place, I would feel much more secure about Bitcoin's future.

If you feel the same way, then lets make this a pledge thread.

Addendum 8/21/2012: Ripper has been entrusted to manage a bounty wallet, so send coins here:

Just took it and basically got the same score as you, about 2 boxes further to the right.

YESS!!! +11111111

I know this is going to sound harsh, but it's amazing to me how ignorant most people are about the nature of good money. I think they don't fully understand money in a theoretical sense: they rarely if ever have questioned the green paper in their pocket, despite the vital role it plays in their life.

If they don't get bitcoin after a bit of explaination, that's fine - it just means cheaper coins for us prior to critical mass adoption. No need to bring them up to speed. And for those who do get it and dislike it because of its properties ( because they're keynesians or whatever ), they don't deserve to benefit from it anyway.

That said, there are risks with a new technology, but I think it would be silly to not at least buy some coins if you comprehend it's potential. It wasn't long ago that they were 6 cents each and everyone was having fun with this "play money"...

As Gavin said: "It's a startup currency, which has never happened before." Great quote.

Wow, so you took the full plunge!

I haven't yet, but I'm thinking about it.

Now that's a prediction!