Do you like bitcoin, what's your reason?

[pengcqu]

Do you like bitcoin, what's your reason?

[1714025673]

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[pengcqu]

I think btc stands for the feature of finance.

[knight22]

There is TONS of reasons why bitcoin is so great but most of all: Freedom

[Mike Christ]

[cypherdoc]

storage of wealth

[IncreaseMyT]

Simply put, it cannot be taken away by the powers that be, just imagine if all those who lost their pensions in the auto meltdown would have had Bitcoin, they would still have their full pensions.

[gadman2]

Simply put, it cannot be taken away by the powers that be

Tell pirate/knight that.

[IncreaseMyT]

I am a newbie so you would have to explain that to me, I meant it loosely, as in print money and or just cut your pension or bottom out your 401K.

[madmadmax]

Simply put, it cannot be taken away by the powers that be

Tell pirate/knight that.

His statement stands, they can only take paper BTC or BTC converted to fiat (or simply fiat)

[Mike Christ]

His statement stands, they can only take paper BTC or BTC converted to fiat (or simply fiat)

True, but all that BTC won't do good if you're stuck in prison.

[IncreaseMyT]

True, but if you got it legally they would have to put you in jail first  

If Bitcoin is to achieve even half it's promise, it cannot be viewed by the majority as an easy way to evade the law.  

I think I heard somewhere less than 1% of BTC transactions are in relation to illegal activity?  I don't know how accurate that number is or how in translates into reality.

[zoinky]

Cause I feel naked without it.

[Jace]

Because Bitcoin = giving banks "the finger".

They have been messing with society for way too long now. Bitcoin brings an alternative so we no longer need banks. Just like email presented an alternative so we no longer need snail mail for written communication. Huurray for technology!

[madmadmax]

His statement stands, they can only take paper BTC or BTC converted to fiat (or simply fiat)

True, but all that BTC won't do good if you're stuck in prison.

Lol what the hell does that have to do with anything? You could still give it to your children, open a brainwallet that uses a certain hash to generate a private key and just remember the password and repeat it every morning for prayers.

You are more than welcome to start a decentralized blockchain of exchanging bungholes in the shower if you want to.....

[icedicedavid]

because wiring money from one country to another shouldn't be charged $50 fee!

[Mike Christ]

Lol what the hell does that have to do with anything? You could still give it to your children, open a brainwallet that uses a certain hash to generate a private key and just remember the password and repeat it every morning for prayers.

You are more than welcome to start a decentralized blockchain of exchanging bungholes in the shower if you want to.....

The point I'm making here is, if you have 100 BTC hidden from sight, and you're slapped with a fine worth somewhere close to that 100 BTC worth of $, then your wealth is going to be sapped either way; the ability to hide BTC is no protection from anything but what happened in 1933, but even then, if BTC is criminalized, BTC doesn't have much use when no legitimate business can operate with it; then it really would be used only for drugs.

Of course they will! If you still have money left to bribe the system hire a good lawyer, your chances of getting out of prison greatly increase!

He he I wonder how well pirate will fare in this case

[dragonkid]

Actually since I got into Bitcoin 2 weeks ago. I have become a changed man. For the better, I now take investment and money more seriously. I have learn so much in the last 2 weeks it is shocking. I am now investing in different areas of Bitcoin, and try to use it as effective and as invest it as profitable as I can.

I also have more investment goals now. Even getting into the world of trading and currency exchange. And understand many ways of moving money around.

All I can say is, thanks to the people who created Bitcoin. I am more serious in my finance now. Never had a saving account. Now I got a few opened for different purpose. 

[IncreaseMyT]

Lol what the hell does that have to do with anything? You could still give it to your children, open a brainwallet that uses a certain hash to generate a private key and just remember the password and repeat it every morning for prayers.

You are more than welcome to start a decentralized blockchain of exchanging bungholes in the shower if you want to.....

The point I'm making here is, if you have 100 BTC hidden from sight, and you're slapped with a fine worth somewhere close to that 100 BTC worth of $, then your wealth is going to be sapped either way; the ability to hide BTC is no protection from anything but what happened in 1933, but even then, if BTC is criminalized, BTC doesn't have much use when no legitimate business can operate with it; then it really would be used only for drugs.

Of course they will! If you still have money left to bribe the system hire a good lawyer, your chances of getting out of prison greatly increase!

He he I wonder how well pirate will fare in this case

The government already said it is not illegal though....... so problem solved.  I know one Bitcoin merchant that already has 10k business wanting to use them.  When the FED said that it is subject to money laundering laws, that in of itself says its not illegal, nor is it going to be.

If they were going to make it illegal, they would have done so right then and taken far more than 10 million from Mt Gox.

I don't believe they will ever make it illegal.  They cannot stop the use of Bitcoin, making it illegal risk's sending the exchanges overseas and letting other countries gain more market share in the US market.  They will NEVER lose out on all that money.

Plus the efficiency in which you can donate to charities speaks bodes, and I am sure they will capitalize on that too.

Just think about small things like being able to donate to your kids public school and the anonymity it could provide.  I cannot donate much so I can't make it public, and would feel awkward handing my kids teacher cash.  But if they had a Bitcoin wallet, I would have no problem shooting some satoshi's over every now and again.  A lot of teachers ending up spending money out of their pocket for kids supplies, and they cannot directly ask parents either.  This would save me the trouble of going to the dreaded auction style events held at the school to raise money.  This is just one way my community could benefit from Bitcoin directly.  That is off the top of my head.  The possibilities are endless.

[eafdeafd]

The total lack of regulation is my favourite aspect of BTC.

[will1982]

Lack of regulation, limited supply, great community. It really makes being a Bitcoin user enjoyable.