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Cdecker
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June 08, 2011, 10:13:38 PM |
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This piece just earned my price for "most fud-complete article". it has everything (list for english-only speakers): - link to very negative german bvdw press release
- common misinterpreattion of Jason Calacanis ("most dangerous")
- "mining not profitable due to high swiss power prices" (they used CPU to determine that fact)
- fear-mongering about p2p infecting your computer with shit
- reference to silk-road (not by name)
- "danger of bubble"
The comments are extremely uninformed, just commented a lot pointing to mybitcoin.de, bitcoin.org. Unfortunately they have to be manually accepted ;( Yes, 20min is incredibly good at being bad  |
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MoonShadow
Legendary
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Activity: 1708
Merit: 1010
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June 08, 2011, 11:36:42 PM |
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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JeanLucPicard
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Activity: 18
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June 08, 2011, 11:56:36 PM |
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I heard somewhere that legislating morality and ethics does not work. One cannot force a junkie to be clean. You can lock him up, but you won't force him to be clean. One cannot force a cheater to be a loyal husband/wife. You can divorce him/her, but she/he won't be forced to be loyal and committed to his/her spouse. We once tried to force alcoholics to be clean by prohibiting alcohol. We only drove alcohol and alcoholics underground. When are we going to learn that a indecent person will not be forced or legislated into decency unless that person arrives at his or her own beliefs about the pros and cons of living a decent life? See, shutting down Silk Road is not good enough, because BitCoin and Tor will allow the creation of a new one. Next, we are going to go after BitCoin, until BitCoin "The Sequel" emerges, if it hasn't already in another way shape or form as I have been reading/learning on this Forum. Are we going to shut down the internet next in order to force responsibility on people? Are we going to then put cameras and wiretaps on every phone in the USA to force people to be responsible? The only reason I am driving this to an extreme is because FORCE does not work. LET PEOPLE BE IRRESPONSIBLE BEFORE THEY CAN GROW INTO RESPONSIBLE ONES. There is no SHORTCUT to responsibility - everyone has to walk the road to responsibility, bumpy and thorny as it may be, at least, so it seems to me.... Yes, I know it's tragic to have 13 year olds smoke marijuana or crack.... or is it more tragic that parents are so fucking absent from that kid's life that he will be drawn to marijuana and crack? Which do we put first - the horse or the cart? It's a catch-22. Legislating ethics and morality never pays off. Allowing people to arrive at their own conclusions of whether something works or does not work - DOES work, while we protect ourselves in the process. Do I say NO GOVERNMENT at all? fuck no. If someone rampages on streets with an Uzi - by all means, apprehend and kill him and I am willing to pay for that kind of protection 24/7, a cut from my paycheck - but leave it at that - MINIMAL government. The libertarians are apparently going to get their way with BitCoin. Long live BitCoin, Libertarians and all the people of the world, all 6.8 billion! |
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em3rgentOrdr
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June 08, 2011, 11:58:50 PM |
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LoL!!! The article keeps mentioning "through an anonomyising site" but never mention what it's actually called, "TOR". |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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JeanLucPicard
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Activity: 18
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June 09, 2011, 12:13:57 AM |
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em3rgentOrdr
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June 09, 2011, 12:20:11 AM |
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I like the subtitle: "Shock: people buy drugs with currency" |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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June 09, 2011, 12:29:14 AM |
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From the article: "Bitcoins are an anonymous way to make any online purchase, including drugs," said Millitzer. "You can sign up for a BitCoin account and then transfer money from your PayPal or other account to pay for them. Hey guys, where can I sign up for a bitcoin account? |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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em3rgentOrdr
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June 09, 2011, 12:39:46 AM |
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"Bitcoins are an anonymous way to make any online purchase, including drugs," said Millitzer. "You can sign up for a BitCoin account and then transfer money from your PayPal or other account to pay for them. Hey guys, where can I sign up for a bitcoin account? LOL...people are really showing their ignorance today. Whatever happening to fact checking before positng news articles... |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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MoonShadow
Legendary
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Activity: 1708
Merit: 1010
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June 09, 2011, 12:43:02 AM |
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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foo barf
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Activity: 24
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June 09, 2011, 06:01:04 AM |
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sorry it's already been posted, but the other night Al Jazeera English picked up the Silk road story and briefly mentioned Bitcoin as a tool for 'anonymous' currency exchange.
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SgtSpike
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Activity: 1400
Merit: 1005
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June 09, 2011, 06:31:03 AM |
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I like the subtitle: "Shock: people buy drugs with currency" Lol, that is pure win right there. |
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JeanLucPicard
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June 09, 2011, 06:58:53 AM
Last edit: June 09, 2011, 07:31:36 AM by JeanLucPicard |
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JeanLucPicard
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June 09, 2011, 07:27:24 AM |
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MoonShadow
Legendary
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Activity: 1708
Merit: 1010
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June 09, 2011, 07:31:33 AM |
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The Wall Street Journal Online is epic! |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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JeanLucPicard
Newbie
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Activity: 18
Merit: 0
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June 09, 2011, 07:34:31 AM |
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The Wall Street Journal Online is epic! I'm calling it: < 6 months before an institutional investor dumps more USD into BTC than all BTC enthusiasts so far. |
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elewton
Full Member
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Activity: 407
Merit: 100
DIA | Data infrastructure for DeFi
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June 09, 2011, 08:40:21 AM |
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Interesting. Through that lnk, I saw this. It would appear that it is illegal to trade a virtual currency for a physical item or service in China. I wonder how long before they crack down on that. The poor Chinese might find be the first to find out what it's like when the old guard fights back. |
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tymothy
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June 09, 2011, 02:08:12 PM |
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Interesting. Through that lnk, I saw this. It would appear that it is illegal to trade a virtual currency for a physical item or service in China. I wonder how long before they crack down on that. The poor Chinese might find be the first to find out what it's like when the old guard fights back. Like mining world of warcraft gold and selling it for physical currency? |
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dacoinminster
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Activity: 1260
Merit: 1031
Rational Exuberance
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June 09, 2011, 03:17:49 PM |
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