Top 5 reasons why Bitcoin will remain strong

[Akarbb]

I have compiled a list of what I think are some of the best reasons why Bitcoin will remain strong in a global economy.

You can read the article here!

http://bit.ly/ghU51O

Please discuss here, or if you like the article, leave a comment on The Daily Bitcoin.

http://thedailybitcoin.blogspot.com/2011/03/top-5-reasons-bitcoin-will-stay-strong.html

[1714840104]

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[1714840104]

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[Alex Beckenham]

Can you post the full link?

[Akarbb]

Can you post the full link?

Done!

[Alex Beckenham]

they have an account that is immune to taxing

How is immune to taxing? Taxation departments can look at blockexplorer just like anyone else.

[Stephen Gornick]

#6) Consider the competition:
  Nooch, coming Summer 2011:  http://www.youtube.com/watch?v=l8K0bwhZ4I4

[Edit: added links and img]

  http://www.docstoc.com/docs/71574449/Nooch-Pitch-Deck
  http://www.facebook.com/NoochMoney

[Alex Beckenham]

#6) Consider the competition:
  Nooch, coming Summer 2011:  http://www.youtube.com/watch?v=l8K0bwhZ4I4

Nooch:
Nutritional yeast, the pungent yellow vitamin B-12-filled flakes loved by vegans everywhere.

http://www.urbandictionary.com/define.php?term=nooch

Coming to an exchange near you!

[Akarbb]

#6) Consider the competition:
  Nooch, coming Summer 2011:  http://www.youtube.com/watch?v=l8K0bwhZ4I4

Nooch:
Nutritional yeast, the pungent yellow vitamin B-12-filled flakes loved by vegans everywhere.

http://www.urbandictionary.com/define.php?term=nooch

Coming to an exchange near you!

Gross....

[Anonymous]

now you can pay nooch for hooch ?

[Akarbb]

now you can pay nooch for hooch ?

If it's yeast, you could use nooch to make hooch

[smellyBobby]

1. Immunity to global inflation

Thats a poor reason. People dislike inflation because it makes prices unstable and when currency is created it facilitates the transfer of wealth from the poor to the rich. Bitcoin will do the same effect on prices, except it will be deflationary, this should be like number 5. on the list.

[no to the gold cult]

#6) Consider the competition:
  Nooch, coming Summer 2011:  http://www.youtube.com/watch?v=l8K0bwhZ4I4

[Edit: added links and img]

  http://www.docstoc.com/docs/71574449/Nooch-Pitch-Deck
  http://www.facebook.com/NoochMoney

Nooch looks like a potential competitor to bitcoin, $0.20 transaction fees however. All Nooch reserves to be turned into US T-Bills...

[Alex Beckenham]

Nooch looks like a potential competitor to bitcoin

Uuuh, okay... From Facebook:

We are ensuring we are compliant with all relevant financial regulations.

[no to the gold cult]

Nooch looks like a potential competitor to bitcoin

Uuuh, okay... From Facebook:

We are ensuring we are compliant with all relevant financial regulations.

For the majority of people it seems on paper to offer everything bitcoin offers. That's not what I think, but if you were to show both concepts to a guy on the street and ask which was better, he'd shrug and say "I dunno, Nooch maybe?"

Remember most people consider themselves mostly law-abiding citizens and don't care about regulations. Probably Nooch won't survive the process in tact however.

[N12]

Nooch charges 0.2$ for every transaction. See page 8 of the pdf.

[no to the gold cult]

Yes, I mentioned that already, see my post above.

Let me make it clear, I think Nooch is crap.

[Jered Kenna (TradeHill)]

Yes, I mentioned that already, see my post above.

Let me make it clear, I think Nooch is crap.

It's going to have support out the gate which is huge.
It doesn't really have to build it's self, just get made if that makes sense.
I guess I'd say it's like comparing AC/DC to NSYNC.