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Author Topic: The government and bankers have won.  (Read 2673 times)
wallet_dat
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June 18, 2011, 02:32:22 AM
 #1

the network is in disarray, the price crashed, the exchanges give out our info to the governments, the accounts got hacked, the money stolen.

bitcoins lost to the bankers' covert action, better luck next time.
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June 18, 2011, 02:35:55 AM
 #2

Um. I already made a country on here. Be gone.

We are just getting started.

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
Zeth
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June 18, 2011, 02:37:45 AM
 #3

Price is fine
Everything's up and running at full speed
hell are you talking about?
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June 18, 2011, 02:52:41 AM
 #4

Price is fine
Everything's up and running at full speed
hell are you talking about?

He's not the one talking. It's the free coke he got to make troll posts. That's who's talking.

I made a country here. In my country you have to pay for your coke. No freebies.

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
BTC-Joe
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June 18, 2011, 03:03:30 AM
 #5

Just like they've been "winning" against P2P filesharing all this time...oh wait...
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June 18, 2011, 03:04:17 AM
 #6

Just like they've been "winning" against P2P filesharing all this time...oh wait...

This.

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
BenRayfield
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June 18, 2011, 04:35:56 AM
 #7

If governments and bankers defeat bitcoin, they will not defeat the many similar systems that are created to replace it, each designed to resist such attacks in a new way. Bitcoin was designed to resist attacks that defeated other internet money systems.

We will win because most people agree that communication is everyone's right, and Bitcoin is just a decentralized calculator, not even complex enough to have a multiply and divide, just plus and minus.

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Regulus
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June 18, 2011, 04:38:57 AM
 #8

If governments and bankers defeat bitcoin, they will not defeat the many similar systems that are created to replace it, each designed to resist such attacks in a new way. Bitcoin was designed to resist attacks that defeated other internet money systems.

We will win because most people agree that communication is everyone's right, and Bitcoin is just a decentralized calculator, not even complex enough to have a multiply and divide, just plus and minus.

Yes, I think you made a good point. It's not Bitcoin that's the threat so much as it's the cryptocurrency concept in general.

Developer of Nxs (https://github.com/Regulus343/Nxs) Nxt client
MeowMixer
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June 18, 2011, 04:50:44 AM
 #9

SURE IS FEARMONGERING IN HERE

What would you do for a bitcoin? http://forbitcoin.com
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June 18, 2011, 05:28:12 AM
 #10

*cowers in corner*    Roll Eyes

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terryfkwit
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June 18, 2011, 06:59:09 AM
 #11

for me this is about open source... i started using linux bout 8 year ago, i have resurrected machines without hard drives and converted about 6 of my friends.. it never ceases to amaze me. The concept of complete transparancy is an amazing one anyone and their dog can suggest an improvement or a tweak to any line of code at any level. Nothing is hidden... This must scare bankers sh*tless.... To me bitcoin has got to be worth a punt at the very least so get a few bob you can afford to lose and buy bitcoins... i believe in transparency it equates to honesty and integrity and strength.. that is why i will not flinch... bring it back down to pennies i will still be in.....
Bitcoin_Silver_Supply
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June 18, 2011, 07:57:10 AM
 #12

If governments and bankers defeat bitcoin, they will not defeat the many similar systems that are created to replace it, each designed to resist such attacks in a new way. Bitcoin was designed to resist attacks that defeated other internet money systems.

We will win because most people agree that communication is everyone's right, and Bitcoin is just a decentralized calculator, not even complex enough to have a multiply and divide, just plus and minus.

Largely agreed. I am rather certain there will be a US crackdown on Bitcoin within the next couple years, and that typically results in most other western governments jumping on board given the complete absence of sovereignty in monetary and security policy today. However, as with P2P there will be many Sparticus-like successors after said crackdown.

Bitcoin is already being blamed for funding illegal activities today, but if it thrives significantly into the future I imagine it will also be blamed for "currency fluctuations" and the death of the world's reserve currency. There is a great void of scapegoats on the horizon and a voluntary, open source currency will fit the bill for governments when the proverbial shit hits the fan.

Government can't ultimately win as long as people resist with innovation and defiance of immoral laws, but it sure can make things painful in the process.
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June 18, 2011, 09:37:01 AM
 #13

If governments and bankers defeat bitcoin, they will not defeat the many similar systems that are created to replace it, each designed to resist such attacks in a new way. Bitcoin was designed to resist attacks that defeated other internet money systems.

We will win because most people agree that communication is everyone's right, and Bitcoin is just a decentralized calculator, not even complex enough to have a multiply and divide, just plus and minus.

There is a great void of scapegoats on the horizon and a voluntary, open source currency will fit the bill for governments when the proverbial shit hits the fan.

The machine controls the shit and the fan. Bitcoin is taking control of the fan or the shit depending on whom you ask.


Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
BenRayfield
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June 18, 2011, 09:39:40 AM
 #14

If they outlaw arithmetic (buyer subtracts and seller adds), then there are simpler things that decentralize their power. For example, counting is simpler than arithmetic, but what would happen if somebody offered a lot of money to count the number of federal laws in USA and prove it to the standards of science (not even including the state and city laws, something simple to start with). Many people, motivated by the large offer of money, would start to research just the quantity of laws in USA and, to their surprise, would find that nobody knows or can calculate it. So you offer a lot of money to count something simpler, to work up to counting the laws... Offer money to count how many letters are in the USA constitution, proven to the standards of science. It's an integer. Prove what integer it is, and you win X amount of money. Somebody does that. They continue offering money prizes and counting more and more complex things, motivated by the observation that after each thing is counted people start to notice more things wrong with the system as it is now, until somebody offers a million dollars to count the number of people carrying guns in a certain area the government thinks is important. And all of a sudden, the government outlaws counting. First they outlaw arithmetic then outlaw counting. When people see how rediculous that is, things change.

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Coinographer
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June 18, 2011, 09:50:18 AM
 #15

Are the bankers making fake accounts again? lol
you2
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June 18, 2011, 09:54:24 AM
 #16

I don't think, that anybody will win against bitcoin.

Its the power of many!

How to access ALL file hoster with just one account? With the file hoster proxy leech.io! (http://www.leech.io/) -- Accepting bitcoins!
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June 18, 2011, 11:08:44 AM
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If they outlaw arithmetic (buyer subtracts and seller adds), then there are simpler things that decentralize their power. For example, counting is simpler than arithmetic, but what would happen if somebody offered a lot of money to count the number of federal laws in USA and prove it to the standards of science (not even including the state and city laws, something simple to start with). Many people, motivated by the large offer of money, would start to research just the quantity of laws in USA and, to their surprise, would find that nobody knows or can calculate it. So you offer a lot of money to count something simpler, to work up to counting the laws... Offer money to count how many letters are in the USA constitution, proven to the standards of science. It's an integer. Prove what integer it is, and you win X amount of money. Somebody does that. They continue offering money prizes and counting more and more complex things, motivated by the observation that after each thing is counted people start to notice more things wrong with the system as it is now, until somebody offers a million dollars to count the number of people carrying guns in a certain area the government thinks is important. And all of a sudden, the government outlaws counting. First they outlaw arithmetic then outlaw counting. When people see how rediculous that is, things change.

Smiley

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
prof7bit
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June 18, 2011, 11:19:09 AM
 #18

Plot the price with semi log scaling. The chart looks perfectly ok, still no singns of trend reversal, only a massive rally and its inevitable 50% correction afterwards.

If you ever spent some time (years!) trading the markets you will notice this looks completely normal in volatile markets, 50% correction of any given price-difference between start of the rally and end of the rally (on all time scales, minutes, weeks, years, etc.) happens all the time in all markets. The 50% is a significant number, traders place orders at these levels and patiently wait for it to happen.

Old Bitcoins recycling and disposal: 1N7ZcHoe77JncRYAg27RVqJZbrjqUQ77WE
Blockchain.info -> Multibit converter (and much more) https://github.com/prof7bit/wallet-key-tool
TheBlinding
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June 18, 2011, 11:29:42 AM
 #19

lame attempt at lowering prices is lame.
BitCoinsForGold
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June 18, 2011, 11:30:50 AM
 #20

Well, the banks I cant attest victory or defeat to, but i can say as far as governments go, they cant win the fights with thier own currencies, let alone bitcoins.

Bitcoins have something that the world has almost forgotten the true concept of. The free market.

The real death of the the bitcoin will be when u can start depositing them in chase bank and use them at 7-11 for a soda
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