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BitcoinGirl325 (OP)
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April 14, 2015, 12:24:50 AM |
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Really great Bitcoin 101 speech: http://youtu.be/EzFOwFXlR48 |
If you enjoyed my post or found it helpful, please feel free to donate BTC to me at: 15UKsghaHeLAtidySEHmPXBWRjBMM1Tw4u
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gkv9
Legendary
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Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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April 14, 2015, 11:53:45 AM |
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Good one, informative...
Thanks for sharing such an awesome video...
Very true said by the person that it's about our freedom and using our money without any boundaries...
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kelsey
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Activity: 1876
Merit: 1000
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April 14, 2015, 12:33:52 PM |
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shame though despite all the talking up bitcoin is very centralised  |
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Beliathon
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April 14, 2015, 01:03:07 PM
Last edit: April 14, 2015, 01:19:02 PM by Beliathon |
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Think of the changes wrought by the end of feudalism and the idea of separating church and state. Now imagine how the world might change when we separate money and state. It'll be great for the vast majority, and awful for the tiny few who prefer monetary policy which produces this:  |
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neoneros
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April 14, 2015, 01:34:14 PM |
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Nice graph, but I think decentralising money will not topple the glass and spread out even, there is greed in everyone of us, how tiny it may be. Some will try harder to get more and more scamming and stealing. And to no surprise it will be the same top 20% who have scammed and stolen the whole of society. Nothing will change.
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AtheistAKASaneBrain
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April 14, 2015, 02:33:25 PM |
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shame though despite all the talking up bitcoin is very centralised How is it "very centralized"? The protocol itself is decentralized. Some people owning a lot of currency is a side effect of the free market. Everyone was free to get in at the beginning. |
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gkv9
Legendary
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Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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April 14, 2015, 02:58:59 PM |
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How is it "very centralized"?
The protocol itself is decentralized. Some people owning a lot of currency is a side effect of the free market. Everyone was free to get in at the beginning.
But what about people who were unknown to it??? How can everyone be said free without the exposure done at a global level in order for everyone to get a fair chance to get in??? |
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JayCoDon
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Merit: 0
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April 14, 2015, 03:55:45 PM |
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How is it "very centralized"?
The protocol itself is decentralized. Some people owning a lot of currency is a side effect of the free market. Everyone was free to get in at the beginning.
But what about people who were unknown to it??? How can everyone be said free without the exposure done at a global level in order for everyone to get a fair chance to get in??? Because the opportunity to know it was there. You have Internet, you have the ability to comprehend and create, so you could have been made aware of bitcoin early on. Whether you did or didn't is a separate topic. |
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ashour
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April 14, 2015, 06:30:49 PM |
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How is it "very centralized"?
The protocol itself is decentralized. Some people owning a lot of currency is a side effect of the free market. Everyone was free to get in at the beginning.
But what about people who were unknown to it??? How can everyone be said free without the exposure done at a global level in order for everyone to get a fair chance to get in??? More people will hear about bitcoin and get interested in it . They will have a chance to buy in and have a piece of bitcoin economy, the distribution probably won't be fair since many early adopters hold huge amounts of bitcoins. |
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ashour
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April 14, 2015, 06:32:48 PM |
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shame though despite all the talking up bitcoin is very centralised How is it "very centralized"? The protocol itself is decentralized. Some people owning a lot of currency is a side effect of the free market. Everyone was free to get in at the beginning. Bitcoin is inherently decentralized, but the bitcoin ecomony is highly dependent on fiat currency, which is controlled by banks and the governments they own. That's why the reality is that bitcoin will be centralized until it breaks free of dependence on fiat, which means mainstream acceptance by merchants and consumers. Banks will soon or later realise that they can't fight bitcoin and will try to regulate it will laws and etc. But bitcoin will be an alternative to the financial institutions and banks or bitcoin and will banks will live together and each one will use the technology of the other one. |
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johnyj
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Merit: 1012
Beyond Imagination
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April 15, 2015, 02:01:37 AM |
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Great video. Not so many people have a good insight about the fiat money system as him
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coinpr0n
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April 15, 2015, 09:39:50 AM |
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Nice sharing. Always for looking for good presentations like this on Bitcoin. Thank you.
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SpanishSoldier
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April 15, 2015, 09:49:04 AM |
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I watched the full vid. Scott is great as usual. Just I think that the mention of Marijuana & Porn was unnecessary to prove freedom. That does not go well with mainstream... |
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Jeremycoin
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𝓗𝓞𝓓𝓛
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April 15, 2015, 10:22:35 AM |
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I never watch a video like this, because it's full of English. Usually I will easily get boring, but with this topic (BTCitcoin) I become more interested and suddenly I just can understand it. This is so great, and made me more confident to use BTCitcoin.
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faucet used to be profitable |
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Kprawn
Legendary
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Activity: 1904
Merit: 1073
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April 15, 2015, 11:49:50 AM |
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I think once we have huge merchant adoption of BTC, we would for the first time feel, what decentralized money means... until then, we will have semi-decentralized money. I did enjoy the video, but I also feel we should concentrate on the positive things associated with Bitcoin and close the books on the negative stuff. {Silkroad / MtGox etc.} The future is bright for Bitcoin, if we focus on the positive things.  |
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