FreeMoney
Legendary
 Offline
Activity: 1246
Merit: 1016
Strength in numbers
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June 10, 2011, 08:41:56 AM |
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http://www.wired.co.uk/news/archive/2011-06/09/us-bitcoin-crackdownSuch actions would be unlikely to harm Silk Road. It can happily shift servers at will, remaining accessible thanks to the Tor network, and could easily switch to an alternative payment method. It's more likely to hurt the burgeoning Bitcoin economy, the value of which some argue is artificially inflated by speculators. If those speculators get cold feet, that value is likely to crash. I do wish they had elaborated on that. 
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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yossarian
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June 10, 2011, 08:42:31 AM |
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I just stumbled upon this "press release": http://www.newsropa.de/index.php?id=115&tx_ttnews[tt_news]=16307&tx_ttnews[backPid]=7&cHash=e445c7eebc It is poorly written, but imho there's some new information also. It says that on June 14th/15th, Bitcoin itself [sic!] will talk about its strategy and backgrounds. A member of the main developers will have a Q&A at the "2b AHEAD Zukunftskongress" (future conference) in Brunswick, Germany. So who is the developer that is gonna talk at the conference? I have no idea about the national impact of the conference, but the site makes it sound like this could likely cause some further media coverage in Germany. Wow! Will it be the Bitcoin software answering questions or just a pile of coins?! This is amazing! I wrote to http://www.2bahead.com/ asking for some clarification. I'll let you know about their answer. Or has bitcoin already evolved to some sort of AI, making the skynet prediction come true? |
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Nesetalis
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June 10, 2011, 09:01:35 AM |
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oh god Bitcoin is Skynet! D:
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ZOMG Moo!  |
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Dobrodav
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June 10, 2011, 12:28:24 PM |
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Wow! Bitcoin media myth`s - cool !
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Terpie
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June 10, 2011, 01:44:52 PM |
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One of the reasons I stopped reading that site a couple of years ago. There are a few great contributors (e.g. Walter Block), but the religious overtones and poorly constructed opinions of many of the other contributors are a big turn off. |
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Montpelerin
Newbie
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Activity: 16
Merit: 0
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June 10, 2011, 05:04:27 PM |
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Nesetalis
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June 10, 2011, 05:09:40 PM |
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a digital form of money that’s totally anonymous another fail :| |
ZOMG Moo! |
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niemivh
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June 10, 2011, 09:42:33 PM |
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I'll keep my politics out of your economics if you keep your economics out of my politics.
16LdMA6pCgq9ULrstHmiwwwbGe1BJQyDqr
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niemivh
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June 10, 2011, 09:47:13 PM |
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Gotta love their naiveté. "The tone of the senators' letter comes off as though they themselves don't know what entity they want to destroy or how to go about it. Bitcoins, by nature and general practice, are harmless; they're merely an Internet-based alternative to traditional federal banks. Silk Road is what the U.S. government is really after. Whether it will choose to crush barely-related services along its way is now in the hands of the attorney general." LOL, I just want to pat them on the head and give them a cookie and tell them to go back to watching their pokemans with gullibility such as this. |
I'll keep my politics out of your economics if you keep your economics out of my politics.
16LdMA6pCgq9ULrstHmiwwwbGe1BJQyDqr
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Drifter
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June 10, 2011, 11:19:16 PM |
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Been posted here 3 times now  . Still is nice to read that from Wikileaks though. Able to say that Wikileaks called Bitcoin revolutionary can mean a lot depending on who you talk to. |
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MoonShadow
Legendary
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Activity: 1708
Merit: 1010
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June 10, 2011, 11:32:05 PM |
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http://www.lewrockwell.com/blog/lewrw/archives/89471.htmlIt's a shame that LRC couldn't manage to wrap their heads around Bitcoin before posting this.
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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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elewton
Full Member
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Activity: 407
Merit: 100
DIA | Data infrastructure for DeFi
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June 11, 2011, 12:12:05 AM |
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It's a shame that LRC couldn't manage to wrap their heads around Bitcoin before posting this.
It's astounding how many people state that Bitcoin is worthless because they did not value its initial state. I valued it because it was cool (and should have paid more attention with BTC I bought/earned). Now I value it because it will revolutionise the world. Trading shiny lumps of metal is no more fundamental than transaction announcements. They're both pretty good. I look forward to when we can trade gold based predominantly on its industrial value. |
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MoonShadow
Legendary
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Activity: 1708
Merit: 1010
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June 11, 2011, 12:15:23 AM |
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It's a shame that LRC couldn't manage to wrap their heads around Bitcoin before posting this.
It's astounding how many people state that Bitcoin is worthless because they did not value its initial state. I valued it because it was cool (and should have paid more attention with BTC I bought/earned). Now I value it because it will revolutionise the world. Trading shiny lumps of metal is no more fundamental than transaction announcements. They're both pretty good. I look forward to when we can trade gold based predominantly on its industrial value. They also tend to forget gold's initial use value was little more than "ooooh, shiny!" |
"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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Mark Oates
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June 11, 2011, 01:29:10 AM |
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Digital Black Friday: First Bitcoin "Depression" Hits I saw that one too.  good stuff! |
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SpaceLord
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Activity: 70
Merit: 10
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June 11, 2011, 03:12:42 AM |
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 This is BIG, folks... |
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JeanLucPicard
Newbie
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Activity: 18
Merit: 0
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June 11, 2011, 03:26:33 AM |
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Depression, my ass. Volatility is given, for the next 5-10-15 years - either until most BitCoins are mined out or the US Government calls it legal tender (probably the former will happen before the latter, but I'm wishful...). What's not to lose sight of here is that even if everyone in the country buys 10 BTCs, and just hold on to it, it will do far more for BTC than any 'depression' or upswing or whatever.... BitCoin is looking for an all out adoption. This is going to take decades in the USA, and probably a lot lot faster elsewhere, especially third-world potato/cabbage countries. |
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bitcool
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Activity: 1441
Merit: 1000
Live and enjoy experiments
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June 11, 2011, 04:10:59 AM |
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It's a shame that LRC couldn't manage to wrap their heads around Bitcoin before posting this.
It's astounding how many people state that Bitcoin is worthless because they did not value its initial state. I valued it because it was cool (and should have paid more attention with BTC I bought/earned). Now I value it because it will revolutionise the world. Trading shiny lumps of metal is no more fundamental than transaction announcements. They're both pretty good. I look forward to when we can trade gold based predominantly on its industrial value. Considering myself a gold bug, this was exactly the reason I fell in love with bitcoin at first sight The ignorance exhibited by the author is truely amazing: "There already was a REAL digital currency, e-gold, that was backed by a real commodity until the Federalistas shut it down. Eventually, Bitcoin will be shut down too because of its anonymity capabilities" -- Does he know the difference between a centralized e-gold site and decentralized Bitcoin network? "Some responders have even mistakenly used Austrian economics to rationalize their views. I would suggest that before you write to me about the Austrian economics view of a medium of exchange, you should read the two books ...." -- He probably forgot to add the Bible and Koran to the list. |
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