I am pretty confident we are the new wealthy elite, gentlemen.

[MoonShadow]

~10% daily growth!

For now.  Keep in mind that we've had several bubbles already, and a 10% daily growth rate screams "bubble!".

This has been nothing but a staircase.   I don't see a bubble.  We had 10% daily growth rates over.... and over ... and over .... and yet all we've done is gone up.

then you haven't been around here long enough.  I've seen at least three bubbles pop since I've been here.  It's like the Bitcoin economy is moving along at 10 times the speed of the greater economy as it grows.  I don't doubt that we'll see a $10K BTC before 2020, and maybe before 2016; but it's not all up.  Nothing is ever all up.

[Tirapon]

Looks like Bitcoin is about to stick a needle in the Gold Bubble.   

These gold comparison numbers are arbitrary since gold is priced per ounce and BTC is priced per BTC

But the comparisons have psychological impact

Lol at that tiny blip which is the April bubble and crash.

[arklan]

Lol, look at the 2011 one.

[wachtwoord]

Lol at that tiny blip which is the April bubble and crash.

And the crash that is still in our future will look the same in hindsight

[Tirapon]

Lol, look at the 2011 one.

Where? I can't see it!

[Erdogan]

This is sailing on flat water. Beware when it doubles in less than 8 hours.

[BittBurger]

As would be appropriate, it looks like this thread has gained notoriety:

http://www.cafepress.com/mf/77134713/bitcoin_bumper-sticker?productId=810966879

Sweet...!

[chriswilmer]

As would be appropriate, it looks like this thread has gained notoriety:

http://www.cafepress.com/mf/77134713/bitcoin_bumper-sticker?productId=810966879

Sweet...!

Cool, but I think the "pretty confident" is an important part of this thread... (as opposed to "confident")

[wachtwoord]

As would be appropriate, it looks like this thread has gained notoriety:

http://www.cafepress.com/mf/77134713/bitcoin_bumper-sticker?productId=810966879

Sweet...!

Cool, but I think the "pretty confident" is an important part of this thread... (as opposed to "confident")

I'm pretty confident!

[rpietila]

As would be appropriate, it looks like this thread has gained notoriety:

http://www.cafepress.com/mf/77134713/bitcoin_bumper-sticker?productId=810966879

Sweet...!

Cool, but I think the "pretty confident" is an important part of this thread... (as opposed to "confident")

I'm pretty confident!

I am confident and my wife is pretty.

[Bitcoinpro]

[GigaCoin]

Congrats on your New Ferrari

[Bitcoinpro]

Congrats on your New Ferrari

its just a good picture symbolizing the strength of crypto's

[dadach]

how lame...

[Bitcoinpro]

[manuel]

Bitcoiners advocating taxation?!  For shame!

[Arriemoller]

What is your solution then? Hoe does your ideal  society pay for the common utilities?
Does everyone get to sponsor their own street light for example?

[tvbcof]

Bitcoiners advocating taxation?!  For shame!

Taxes don't bother me excessively.  I don't mind pushing the wagon a little when it is weighted down with those who've had less fortune than I and could use a hand.  I'm much less thrilled about it when otherwise capable tax cheats climb aboard for a free ride.

[Anon136]

What is your solution then? Hoe does your ideal  society pay for the common utilities?
Does everyone get to sponsor their own street light for example?

does everyone sponsor their own toilet paper? no they just buy it if they want it... If you want something than you buy it, if you dont than you dont. its pretty simple.

for the rare case where free rider problems could potentially cause big problems, like national defense, if you care about the cause than it becomes incumbent upon you to take non violent measures to ensure that it gets funded.

Check the database of all people who contributed, if one of your friends isnt on it than confront him about it, if he still refuses than stop being his friend and tell all of his friends and encourage them to stop being his friend. Criticism lights up the exact same part in most peoples brains that physical pain does.

If you are an employer than automatically deduct it from your employees paychecks and use it to advertise the fact that you have a patriotic company.

If you are an entrepreneur than create a social contract, not made up statist bullishit social contract, i mean an actual piece of paper with actual words on it that people can chose to sign or not sign. You could use the crowd funding esque model where the contract only kicks in if X percent of the population sign it. In that contract people who value having national defense can formally agree to economically ostracize people who do not also sign that same contract and people can be held legally accountable for violating those terms. Assuming most of the people in the world value having a national defense, this would reverse the incentives and make it not in the interest of anyone to freeride, even the people who would have been willing to.

This could go on forever and ever. There is no need to wave guns around to force people to obey you unless what you are asking them to obey is a command for them to not to attack you.

*edit* this is off topic so if you want to discuss it at length than send a pm or make a different thread.

[Arriemoller]

No need to discuss. I used to be a libertarian so I know what you mean. I just slowly realized as I got older that it is as utopian as the communist societies.
Taxes are actually the simplest and easiest way to fund some things and democratic decisions are the easiest, and in some ways, fair way to decide how to distribute the taxes.
Having said that, I don't approve of the high taxes in some countrys.