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em3rgentOrdr
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April 26, 2011, 07:16:21 PM |
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Omfg rofl! And the carrot!!!
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"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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Mahkul
Sr. Member
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Every saint has a past. Every sinner has a future.
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April 26, 2011, 10:26:33 PM |
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Omfg rofl! And the carrot!!! Would also be nice if the heat was coming from some miner's GPUs ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) The carrot ROCKS.
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The Script
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April 27, 2011, 12:40:32 AM |
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This is fucking funny. I burst out laughing when I saw the carrot in his mouth. From now on, in this forum, whenever someone writes a post and attempts to make an argument which is patently illogical I'm just going to say: USE CARROTS! That should be a sufficient reply.
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xf2_org
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April 27, 2011, 03:35:07 AM |
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Gentlemen (and ladies)... please take this 4chan picture crap to another thread.
This generates useless noise in a thread whose purpose is to collect bitcoin press links.
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allinvain
Legendary
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April 28, 2011, 02:31:39 PM |
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bitcoin needs a 4chan meme...that will increase bitcoin popularity 100 fold...
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MoonShadow
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April 28, 2011, 07:23:36 PM |
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bitcoin needs a 4chan meme...that will increase bitcoin popularity 100 fold...
Already did.
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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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N12
Donator
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April 29, 2011, 05:07:23 PM |
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Prze_koles
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April 29, 2011, 05:19:01 PM |
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We should put all those press hits from TIME and Forbes on Bitcoin's home page. It'd increase our credibility alot.
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1FzTJh1C58m1gqnNzxLTt2ryNYkuk1YdfN
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allinvain
Legendary
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April 30, 2011, 03:37:21 AM |
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Perhaps those two press mentions explain the recent huge rally in the BTC/USD exchange rate....suffice it to say I'm happy as a carrot in the ground ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Don't use me!
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kiba
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April 30, 2011, 05:42:19 AM |
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Perhaps those two press mentions explain the recent huge rally in the BTC/USD exchange rate....suffice it to say I'm happy as a carrot in the ground ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Don't use me! Correlation != Causation.
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allinvain
Legendary
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April 30, 2011, 06:53:09 AM |
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Perhaps those two press mentions explain the recent huge rally in the BTC/USD exchange rate....suffice it to say I'm happy as a carrot in the ground ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Don't use me! Correlation != Causation. Perhaps I should've underlined the word perhaps :p
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xc
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April 30, 2011, 08:44:12 PM |
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Brief mention in Washington Post Opinion (second page): "While there have already been some attempts to create a true electronic currency, such as Bitcoin, these have had difficulty getting off the ground. It is not hard to see why. If it is possible to imagine one private electronic currency, then it’s possible to imagine several, and there would be no guarantee that other people would accept the particular electronic money you use." http://www.washingtonpost.com/opinions/imagining-a-world-without-the-dollar/2011/04/26/AFjawKEF_story_1.html
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grondilu
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May 01, 2011, 03:42:46 AM |
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"If it is possible to imagine one private electronic currency, then it’s possible to imagine several, and there would be no guarantee that other people would accept the particular electronic money you use."
IMO this is an interesting issue that hasn't been addressed enough on this forum. To me, there is no guarantee that other people would accept any currency anyway, unless they are forced to. Money should not get its value from coercion, but social acceptance. Moreover, even in a word with many competing cryptocurrencies, commercial transactions with anyone are possible, as long as there is an efficient currency exchange market.
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eMansipater
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May 02, 2011, 07:13:08 AM |
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"If it is possible to imagine one private electronic currency, then it’s possible to imagine several, and there would be no guarantee that other people would accept the particular electronic money you use."
IMO this is an interesting issue that hasn't been addressed enough on this forum. To me, there is no guarantee that other people would accept any currency anyway, unless they are forced to. Money should not get its value from coercion, but social acceptance. Moreover, even in a world with many competing cryptocurrencies, commercial transactions with anyone are possible, as long as there is an efficient currency exchange market. Yes but in the BitCoin model (which is the first to solve the double-spend problem without relying on a trusted entity) there is a massive first-mover advantage because everyone using the same blockchain gives everyone increased security compared to multiple blockchains. Without specific differentiating features it would be foolish to use anything but the most secure cryptocurrency--as a result electronic currencies will experience social selection amongst their features, but not arbitrary proliferation. So in answer to the original quote there is indeed the best possible guarantee--a mathematical one.
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If you found my post helpful, feel free to send a small tip to 1QGukeKbBQbXHtV6LgkQa977LJ3YHXXW8B Visit the BitCoin Q&A Site to ask questions or share knowledge. 0.009 BTC too confusing? Use mBTC instead! Details at www.em-bit.org or visit the project thread to help make Bitcoin prices more human-friendly.
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Mahkul
Sr. Member
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Every saint has a past. Every sinner has a future.
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May 02, 2011, 02:55:26 PM |
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"If it is possible to imagine one private electronic currency, then it’s possible to imagine several, and there would be no guarantee that other people would accept the particular electronic money you use."
IMO this is an interesting issue that hasn't been addressed enough on this forum. To me, there is no guarantee that other people would accept any currency anyway, unless they are forced to. Money should not get its value from coercion, but social acceptance. Moreover, even in a world with many competing cryptocurrencies, commercial transactions with anyone are possible, as long as there is an efficient currency exchange market. Yes but in the BitCoin model (which is the first to solve the double-spend problem without relying on a trusted entity) there is a massive first-mover advantage because everyone using the same blockchain gives everyone increased security compared to multiple blockchains. Without specific differentiating features it would be foolish to use anything but the most secure cryptocurrency--as a result electronic currencies will experience social selection amongst their features, but not arbitrary proliferation. So in answer to the original quote there is indeed the best possible guarantee--a mathematical one. I think in the past before the first banks were formed people were not forced to use IOUs? They chose to do so for convenience, I think? We are going OT with this.
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Anonymous
Guest
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May 03, 2011, 11:19:13 PM |
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Anonymous
Guest
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May 03, 2011, 11:20:20 PM |
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Currencyfair is a great site. When I signed up for an account there i asked them to accept bitcoin but they havent decided yet.
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