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Author Topic: another +1 for bitcoin  (Read 870 times)
yeponlyone
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June 15, 2011, 04:36:15 AM
 #1

I often find myself thinking of ways to explain just why bitcoin is so amazing, and I thought of something earlier that a lot of us probably know, but maybe have not thought to put into words. One of the reasons the coin is so good for society is because it advances every aspect of what humans do - science, entertainment, archaeology... whatever. Now, all these fields have been constantly advancing and improving for as long as they have existed, but what bitcoin changes is, the RATE of advancement. So if you thought technology was advancing fast the last 30 years, well.. "you ain't seen nothin' yet!"
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Mark Oates
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June 15, 2011, 04:48:10 AM
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One of my favorites attributes of bitcoin is that it provides a currency incentive for lightweight, international collaboration.
wumpus
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June 15, 2011, 05:50:24 AM
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One of my favorites attributes of bitcoin is that it provides a currency incentive for lightweight, international collaboration.
Yup. It is going to be the perfect currency for open source/indie projects which now have trouble being taken serious by banks and payment providers.

Things like this won't happen:
http://www.rockpapershotgun.com/2011/04/26/google-can-indie-stone-have-their-money/

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
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June 15, 2011, 10:51:29 AM
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bitcoin wipes the slate clean, no regulation, no tax, no borders, complete freedom for the flow of currency.

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