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Author Topic: Introducing bitcoin to facebook and social connections - is this too defensive?  (Read 1102 times)
notig (OP)
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February 18, 2013, 07:51:19 AM
 #1

This is just a first draft on something I am writing up so bear with me.

    In the coming future... maybe it will be 1, 2 or 3 years you will see a media attack against something called bitcoin. The reason why you will see this is because residing in bitcoin is one of the most powerful tools of freedom mankind has ever had. It may seem an exaggeration when I say this considering that it is still relatively unknown and new, but it's potential as an instrument of freedom is comparable to the internet itself. Bitcoin is a new form of money born of this internet age. No one owns it and there is no controlling entity. It's decentralized and therefore out of the power and hands of governments and in the power and hands of regular people. Because of that governments and banks will not like it.

    Making a propaganda attack usually goes as follows: if you want to take down something good then try to slander it or make an association to it with something bad so that it also seems bad. For instance, let's take a 20 dollar bill and slander it. It's not bad or good right? And yet, quite frequently 20 dollar bills are actually used to do "bad" things. Buy some drugs. Gamble at poker. Strippers... but does that mean a 20 dollar bill is evil?

    This is essentially the slander attack they will use on bitcoin. Bitcoin was created to be a better form of money than what was before it. Because it is better people will use it. That includes good people and bad. So just like the 20 dollar bill it can be used to do what some people consider is wrong. Yet the reason why the media will go after it is not because bitcoin is wrong or evil (since that is logically flawed), but because governments don't control it.

    Lets consider another example... cell phones. Do criminals use cell phones? Probably. Why does a criminal use cell phones and not morse code through the telegraph system? Because cell phones are a better and more convenient form of communication which is why they replaced corded phones which replaced the telegraph system. Just like bitcoins are a better form of money than what we currently have.

    So you may be wondering how it is better or an "instrument of freedom". There are several examples. 1: No one can print more bitcoins therefore if you earn bitcoins or have them your wealth can't be confiscated through the printing of more. 2: Payment processors and credit card companies have the power to shut off the funding to anything they deem undesirable. 3. With bitcoins you can store them in a variety of ways... and you can completely avoid the need for having a bank if you wish. You can send your money to another part of the world at little to no cost, whether that money is $100 or $100,000 dollars. It's a borderless, global and secure form of payment and it beats the heck out of using something like western union and paying for exchange rates into other currencies.

    
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February 18, 2013, 08:50:48 AM
 #2

I like it.

notig (OP)
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February 18, 2013, 09:09:36 AM
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thankyou. It's still a work in progress. I found this quote "Bitcoin is useful for all the same reasons that any currency is useful: it is a medium of exchange. The advantage of being decentralized is that you do not have to rely on a third party for security. Thus, bitcoin is more useful than digital dollars for the same reason that digital dollars are more useful than paper dollars, or paper dollars are more useful than gold: it is just easier to pay people with them. No banks means less headaches, in the same way that no gold means there is a lot less weight you have to lug around. Bitcoin is thus a better answer to a problem humanity has been slowly solving for millenia: how do we remove barriers to payment?
 "

I want to incorporate it somehow.
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February 18, 2013, 10:38:39 AM
 #4

 
Quote
Why does a criminal use cell phones and not morse code through the telegraph system?

AFAIK, there is no telegraph system anymore.

Anyway, I don't like it. Posts like these is a reason people are starting to hate facebook, because people use it as their little soapbox and not just a way to communicate with friends, it'll go right next to the poltical posts and the religion posts. It also reaks of conspiracy theory, another thing most people hate, only people who like the subject matter in it are ok with them.

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