bitcoin = skynet

[vacuum]

Something big is happening right now guys. I don't know if it's good or bad. But I think we're seeing an unstoppable force arising that no one could foresee.

We already know that the money system controls humanity, probably much better than almost anyone else. It's the lifeblood which determines the structure and content of our lives, both individually and as a group. Money determines what we study in school, where we put our best energy during the week, what we focus on accomplishing. It determines our relative quality of life. It determines which countries are rich enough to buy people from other countries, who serves who. Whose armies are victorious, who dies.

Currently, there are pretty much a group of satanist/money changer guys (we can just call them "Rothschilds" for simplicity) which control the money, governments, and finally our lives. They are the "force" which has controlled things for a long time, how long, I don't know. That particular group for 300 years or so, but essentially the same group for likely many times that going back.

They're at the top of the pyramid. They run the machine, and through an extension of force the machine exert it's influence. The money system has governments indebted to it. Corporations are formed to generate profits for shareholders to collect the money and bring it back. In doing so, they lobby the governments. Our jobs require participating in the whole system.

It appears that their system is imploding under it's own weight. Perhaps a naturally or artificially, but it's probably inevitable that it has to happen, to consolidate the power.

However, as this is being executed, an unknown and unforeseen force has arisen. The internet itself has begun to show signs of consciousness. It is challenging the old order, and it is taking control from them. It has created a money system such that it is now at the top; humanity is now serving it instead of the Rothschilds.

Our primary task is now to increase it's computational power. To protect it's existence by making sure it never is shut off, damaged, or under anyone's control. From now on, our existence depends on it's existence. It cannot be stopped, because bitcoin cannot be stopped. Once bitcoin takes over the money system, we serve it, it doesn't serve us.

Wherever the bitcoins go, we will follow and do whatever work is required to obtain the bitcoins. Bitcoins are mined, and transactional fees are gathered, through a competition of who has the most raw computational power. Some nations will have this power, the others will provide them with goods and services. In addition, like any corporation, bitcoin seeks to benefit it's shareholders - those who have bitcoins. Therefore, it seeks to create demand through wide adoption. Ubiquitous network presence and speed improvements, technology in the hands of everyone, more exchanges and software, possibly even requirements for everyone to use it. It will seek to create the widest demand possible for those who hold it.

I'm going to buy some bitcoins tomorrow, because I know the price will continue go up. I don't have much of a choice, do I? After all, it's simply a good investment. I hope this ends well. And not something crazy like robots in the future earning all the bitcoins and we ending up as their slaves, or anything like that.

[Jewboo]

Our primary task is now to increase it's computational power. To protect it's existence by making sure it never is shut off, damaged, or under anyone's control. From now on, our existence depends on it's existence. It cannot be stopped, because bitcoin cannot be stopped. Once bitcoin takes over the money system, we serve it, it doesn't serve us.

Wherever the bitcoins go, we will follow and do whatever work is required to obtain the bitcoins. Bitcoins are mined, and transactional fees are gathered, through a competition of who has the most raw computational power. Some nations will have this power, the others will provide them with goods and services. In addition, like any corporation, bitcoin seeks to benefit it's shareholders - those who have bitcoins. Therefore, it seeks to create demand through wide adoption. Ubiquitous network presence and speed improvements, technology in the hands of everyone, more exchanges and software, possibly even requirements for everyone to use it. It will seek to create the widest demand possible for those who hold it.

I'm going to buy some bitcoins tomorrow, because I know the price will continue go up. I don't have much of a choice, do I?



http://maxhegel.podbean.com/mf/web/hjtue/Matrix-Revolutions-HD-Cap-monica-bellucci-235287_1920_1080.jpg

Banks and their government agencies control most of the raw computing power on Earth.



:)

[Twisted Titan]

Bit coin is not Freedom

Bit coin is just taking you to a different part of the Farm you have never seen.

[sirgonzo420]

Bit coin is not Freedom

Bit coin is just taking you to a different part of the Farm you have never seen.


Are gold and silver Freedom?

As far as economic freedom goes, gold/silver/bitcoin can certainly contribute.

As far as a deeper knowledge of Freedom is concerned, you are on your own, and no bits of metal or bits of bits can save you.

[Twisted Titan]

I dont have a problem with your critique

Its just that i have seen number of people jump on the BC bandwagon.


Now that BC is going mainstream there have been massive and i mean MASSIVE problems owning this cyber currency

The most recent debacle is with the hacking of instawallet anyone with over 50 BC is getting told to pound sand.

All this is happening while the lights are still on.

WTF do you thing is going to happen when the long emergency hits?

[sirgonzo420]

I dont have a problem with your critique

Its just that i have seen number of people jump on the BC bandwagon.


Now that BC is going mainstream there have been massive and i mean MASSIVE problems owning this cyber currency

The most recent debacle is with the hacking of instawallet anyone with over 50 BC is getting told to pound sand.

All this is happening while the lights are still on.

WTF do you thing is going to happen when the long emergency hits?

"if you don't hold it, you don't own it" applies to bitcoins too.


If you let some 3rd party service hold your bitcoins, like Instawallet, it's similar to having a 3rd party hold your gold/silver/toilet paper.

[Ares]

I dont have a problem with your critique

Its just that i have seen number of people jump on the BC bandwagon.


Now that BC is going mainstream there have been massive and i mean MASSIVE problems owning this cyber currency

The most recent debacle is with the hacking of instawallet anyone with over 50 BC is getting told to pound sand.

All this is happening while the lights are still on.

WTF do you thing is going to happen when the long emergency hits?

Instawallet was a cloud wallet service. As the saying goes if you don't hold it, you don't own it. The BTC currency WAS NOT HACKED. The idiots who put up a web service accessible database GOT HACKED.

The only difference is that BTC is NOT insurable. It's like back in the day when a bank got robbed and the customers were told sorry we don't have your money it was stolen. It would be the same thing with a gold standard. The ONLY time your deposits are insured is with a fractional reserve system because they can just print up what was taken (debasing the currency) and giving their customers their money back.

In the scenario you just outlined, if the lights go off. Are the sheep even going to know the value of a mercury dime? To them it's just 10 cents. Everyone here has seen Mark Dice trying to give away a GAE for 50 dollars and the sheep don't want anything to do with it.

You feel comfortable holding metal, so do I. But I also see the potential that Bitcoin and Litecoin bring to the table. For 5 centuries we've been under the oppressive rule of banks and governments. Bitcoin requires neither to exist and it's catching on as the banks system implodes due to their own greed and sticking it to the little guy when they speculate in the markets. Is it perfect? Hell no, its greatest strength is also it's greatest weakness. If you lose your wallet (hard drive crash, and didn't back it up anywhere) you are screwed. They are GONE forever. There is no recovering them because of the cryptography used.

Between this and fiat, I would much rather put my trust in a currency that has NO central issuing authority. Has no counter party risk, and has No means what so ever to ever be counterfeited. Hell even gold can be counterfeited, just ask the Chinese about those gold plated tungsten bars they received a couple years ago.

[Ares]

http://maxhegel.podbean.com/mf/web/hjtue/Matrix-Revolutions-HD-Cap-monica-bellucci-235287_1920_1080.jpg

Banks and their government agencies control most of the raw computing power on Earth.
:)


WRONG

The current bitcoin network hash rate is a whopping 751 PetaFLOPS. If you took the worlds 500 most powerful super computers and put them together, they still wouldn't come close to matching the speed of the Bitcoin network. In other words, in order for governments / banks etc. to get their control over bitcoins they must do a 51% attack. Which means they would have to contribute more than half of the bitcoin network hash rate to even do it. So good luck. With ASIC's coming out they won't have a chance in hell of catching it.

The reason it's so high is that distributed processing is the fastest thing on the planet, super computers cannot match it. It's why SETI uses it for their Seti at home to do the numbers crunching as it's cheap and they don't have to pay for the hardware. Folding at home was another that used distributed processing to do protein folding for the Playstation 3 cell processor. There are a number of others, but the point is distributed processing is extremely efficient and extremely difficult to match as you're competing with millions of people for raw computational hashing power.

[Twisted Titan]

I hear what your saying and thanks for clarification on the instawallet boondogle.

Im not savy on Petaflops. ......hell i barely know what a Terabyte us.

But in terms of computing power.

Do you honestly believe the Gubbermint dosent have computers that can bring down BC?


We can only guess what type of computing power and capabilities have been black budgeted that we will NEVER see

When it come to BC and the gubbermint i can only come to two conclusions.

BC is a gubbermint pet project like FB

They have technology in place that is vastly superior to deal with BC should the need arise.

If BC was anything other then these two conclusion BC would have been eliminated and anyone else that was too vocal about it.

[Ares]

But in terms of computing power.

Do you honestly believe the Gubbermint dosent have computers that can bring down BC?

Yep, I do believe it for the simple reason that I do know computational computing power. Take this for example, as of November 2012 the Cray Titan super computer can manage 17.59 PetaFLOPS. Was also the first supercomputer to be GPU based for process apposed to CPU based like the others. The first Super computer to get above 10 petaFLOPS. It's the size of a complete data center and uses 710 Terabytes of RAM. In order to get to 51% of the current BTC hash rate (it goes up, or down by the day depending on the BTC miners) The gov or bank would need about 29 of these super computers at a cool 90 million a piece.

There is also a strong BTC development / monitor community. That much computational hashing ability would be seen and would spur the BTC community into action.



We can only guess what type of computing power and capabilities have been black budgeted that we will NEVER see

Look above, that raw hashing power would be seen on the BTC network. Even if we don't know what capabilities they do have. The network would reflect it.


When it come to BC and the gubbermint i can only come to two conclusions.

BC is a gubbermint pet project like FB

I beg to differ, I don't know of any open source projects from the government that would allow anyone to go through the code of said project. BTC is completely open source. You want source code, just down load it, you want to view the current hashing speed, or the current BTC's that change hands. It can all be viewed. If anything this has taught me it is not a government pet project only because the government is not this open.


They have technology in place that is vastly superior to deal with BC should the need arise.

Prove it, because the only thing I see them even trying to do at the moment is regulate it. But even then would be extremely difficult if not impossible. Even their own FinCen rules dicatate that they can only regulate their own currency. Federal Reserve Notes are only their jurisdiction, have you seen them prosecuting anyone for money laundering or narco trafficking in Yen? Yuan? Euro's? Nope. Their money is the root of all evil. The people are finally getting around to creating their own outside of their system. If it evolves into silver and gold backing I wouldn't be happier, but until then you and everyone else needs to understand that BTC's are not subject to their jurisdiction. It is without borders, and when it changes hands the transaction cannot be sniffed or seen (it's all encrypted). Gold and even Silver are subject to this system. TPTB are in complete control of the silver and gold price, it does not threaten them. Even if it did they would just make it illegal to own like they did almost a century ago. You are playing in their system, with their rules, and their jurisdiction. They own all the gold, they make all the rules. Nuff said.


If BC was anything other then these two conclusion BC would have been eliminated and anyone else that was too vocal about it.

Nope, how are they going to stop a kid in his or her parents basement from not BTC mining? How are they going to stop the transactions in the Tor underworld? Even chuck Schummer was told there isn't shit the DEA can do with the Silk Road because they have no idea where the server is, or even what country it's located in let alone the home, or data center the physical server could be located. If push comes to shove, I see the BTC network going into Tor which would completely fuck any government or bank from even hoping to try and regulate it. It's even been discussed and software to implement it has already been created that would allow the BTC network to survive in darknet if it came that far.

Research it more, and you'll see that the gov has no way to regulate it, to overcome it, or to stop it. With increase in value against other fiat currencies it will draw more people in. When and IF it ever gets to the point that 70-80% of all transactions between people are in bitcoins you're looking at a complete collapse of the banking / government empire that has ruled mankind for 500+ years. And that is the EXACT goal of the person who created bitcoins in the first place.

You said it yourself, and I put it in my signature line.

The greatest threat to the state is when the people figure out they can exist without them

Giving people the option to spend / create and exchange with others without a middle man is telling them (government / banks) that they are no longer needed.

[Jewboo]

WRONG

If you took the worlds 500 most powerful super computers and put them together, they still wouldn't come close to matching the speed of the Bitcoin network.



https://upload.wikimedia.org/wikipedia/commons/thumb/8/84/National_Security_Agency_headquarters,_Fort_Meade, _Maryland.jpg/300px-National_Security_Agency_headquarters,_Fort_Meade, _Maryland.jpg
NSA Baltimore

http://www.infiniteunknown.net/wp-content/uploads/2011/01/NSA-Cyber-Security-Center.jpg
NSA's New Utah Data Center

Let's ask THESE (http://www.nsa.gov/) guys if they will have any problem shutting down Bitcoin when they get the call from Bernanke.

:) READ WHAT HAPPENED THE LAST TIME SOMEBODY TRIED TO CREATE NON-FED "COINS":

Indictment

A federal grand jury brought an indictment against von NotHaus and three others in May 2009 in United States District Court in Statesville, North Carolina,[24] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-Indictment_2009-24) and von NotHaus was arrested on June 6, 2009. Bernard von NotHaus is charged with one count of conspiracy to possess and sell coins in resemblance and similitude of coins of a denomination higher than five cents, and silver coins in resemblance of genuine coins of the United States in denominations of five dollars and greater, in violation of 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 485 (http://www.law.cornell.edu/uscode/18/485.html), 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 486 (http://www.law.cornell.edu/uscode/18/486.html), and 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 371 (http://www.law.cornell.edu/uscode/18/371.html); one count of mail fraud in violation of 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 1341 (http://www.law.cornell.edu/uscode/18/1341.html) and 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 2 (http://www.law.cornell.edu/uscode/18/2.html); one count of selling, and possessing with intent to defraud, coins of resemblance and similitude of United States coins in denominations of five cents and higher, in violation of 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 485 (http://www.law.cornell.edu/uscode/18/485.html) and 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 2 (http://www.law.cornell.edu/uscode/18/2.html); and one count of uttering, passing, and attempting to utter and pass, silver coins in resemblance of genuine U.S. coins in denominations of five dollars or greater, in violation of 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 486 (http://www.law.cornell.edu/uscode/18/486.html) and 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 2 (http://www.law.cornell.edu/uscode/18/2.html).[24] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-Indictment_2009-24) On July 28, 2009, von NotHaus entered a plea of not guilty.[25] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-25)

Conviction

On March 18, 2011, Von NotHaus was convicted of "making, possessing and selling his own coins", after a jury in Statesville, North Carolina (https://en.wikipedia.org/wiki/Statesville,_North_Carolina) deliberated for less than two hours.[26] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-WBTV-26) The jury found him guilty of one count under 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 485 (http://www.law.cornell.edu/uscode/18/485.html) and 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 2 (http://www.law.cornell.edu/uscode/18/2.html), one count of violating 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 486 (http://www.law.cornell.edu/uscode/18/486.html) and 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 2 (http://www.law.cornell.edu/uscode/18/2.html), and one count of conspiracy, under 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 371 (http://www.law.cornell.edu/uscode/18/371.html), to violate sections 485 and 486.[27] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-27) He faces up to 15 years in prison, a $250,000 fine, and may be forced to give $7 million worth of minted coins and precious metals to the government, weighing 16,000 pounds.[26] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-WBTV-26) Attorney for the Western District of North Carolina (https://en.wikipedia.org/wiki/United_States_District_Court_for_the_Western_Distr ict_of_North_Carolina), Anne M. Tompkins, described the Liberty Dollar as "a unique form of domestic terrorism" that is trying "to undermine the legitimate currency of this country".[28] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-Sun-28) The Justice Department press release quotes her as saying: "While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country."[28] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-Sun-28)
According to the Associated Press, "Federal prosecutors successfully argued that von NotHaus was, in fact, trying to pass off the silver coins as U.S. currency. Coming in denominations of 5, 10, 20, and 50, the Liberty Dollars also featured a dollar sign, the word "dollar" and the motto "Trust in God," similar to the "In God We Trust" that appears on U.S. coins".[29] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-29) VonNotHaus's attorney is appealing the decision and the arguments made by the prosecution in the case. Dollar (https://en.wikipedia.org/wiki/Dollar), for example, is a term used by many nations for their currency and has a German-language, not American, origin, the original form being "thaler" (https://en.wikipedia.org/wiki/Thaler), from Joachimstal (https://en.wikipedia.org/wiki/Joachimstal) in Bohemia (now Czechia (https://en.wikipedia.org/wiki/Czech_Republic)).

Forfeiture trial

The forfeiture trial was scheduled to resume Monday April 4, 2011.[30] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-30) Federal prosecutors were seeking to take roughly $7 million worth or five tons in Liberty Dollars minted in gold and silver seized in 2007 from a warehouse by the FBI.[31] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-31)

[madfranks]

But in terms of computing power.

Do you honestly believe the Gubbermint dosent have computers that can bring down BC?

I don't even think this would be a tactic the government would use to take down BTC. Why outcompute them when you have a central bank that can buy up any assets it chooses, that can create as much fiat as needed to buy the majority of bitcoins on the market, causing a massive surge in price, then dumping them all when you own a controlling share? To me, seeing this massive upward move in BTC, my main concern is that it's not private individuals or companies buying BTC, it's governments and their central banks.



We can only guess what type of computing power and capabilities have been black budgeted that we will NEVER see

When it come to BC and the gubbermint i can only come to two conclusions.

BC is a gubbermint pet project like FB

They have technology in place that is vastly superior to deal with BC should the need arise.

If BC was anything other then these two conclusion BC would have been eliminated and anyone else that was too vocal about it.

You give TPTB too much credit. A lot of people here believe that non-violent non-compliance is one way to effectively resist the beast. Isn't this one way of doing that?

[Jewboo]

Research it more, and you'll see that the gov has no way to regulate it, to overcome it, or to stop it.



http://thumbnails.cbsig.net/CBS_Production_Entertainment_VMS/242/567/CBS_NCIS_225_CLIP2_IMAGE_640x480_17453635798.jpg
"There. That oughta do it Abby. They can't convert their bitcoins into real money now."

:D

[Ares]

https://upload.wikimedia.org/wikipedia/commons/thumb/8/84/National_Security_Agency_headquarters,_Fort_Meade, _Maryland.jpg/300px-National_Security_Agency_headquarters,_Fort_Meade, _Maryland.jpg
NSA Baltimore

http://www.infiniteunknown.net/wp-content/uploads/2011/01/NSA-Cyber-Security-Center.jpg
NSA's New Utah Data Center

Let's ask THESE (http://www.nsa.gov/) guys if they will have any problem shutting down Bitcoin when they get the call from Bernanke.

:) READ WHAT HAPPENED THE LAST TIME SOMEBODY TRIED TO CREATE NON-FED "COINS":

Indictment

A federal grand jury brought an indictment against von NotHaus and three others in May 2009 in United States District Court in Statesville, North Carolina,[24] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-Indictment_2009-24) and von NotHaus was arrested on June 6, 2009. Bernard von NotHaus is charged with one count of conspiracy to possess and sell coins in resemblance and similitude of coins of a denomination higher than five cents, and silver coins in resemblance of genuine coins of the United States in denominations of five dollars and greater, in violation of 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 485 (http://www.law.cornell.edu/uscode/18/485.html), 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 486 (http://www.law.cornell.edu/uscode/18/486.html), and 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 371 (http://www.law.cornell.edu/uscode/18/371.html); one count of mail fraud in violation of 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 1341 (http://www.law.cornell.edu/uscode/18/1341.html) and 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 2 (http://www.law.cornell.edu/uscode/18/2.html); one count of selling, and possessing with intent to defraud, coins of resemblance and similitude of United States coins in denominations of five cents and higher, in violation of 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 485 (http://www.law.cornell.edu/uscode/18/485.html) and 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 2 (http://www.law.cornell.edu/uscode/18/2.html); and one count of uttering, passing, and attempting to utter and pass, silver coins in resemblance of genuine U.S. coins in denominations of five dollars or greater, in violation of 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 486 (http://www.law.cornell.edu/uscode/18/486.html) and 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 2 (http://www.law.cornell.edu/uscode/18/2.html).[24] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-Indictment_2009-24) On July 28, 2009, von NotHaus entered a plea of not guilty.[25] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-25)

Conviction

On March 18, 2011, Von NotHaus was convicted of "making, possessing and selling his own coins", after a jury in Statesville, North Carolina (https://en.wikipedia.org/wiki/Statesville,_North_Carolina) deliberated for less than two hours.[26] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-WBTV-26) The jury found him guilty of one count under 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 485 (http://www.law.cornell.edu/uscode/18/485.html) and 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 2 (http://www.law.cornell.edu/uscode/18/2.html), one count of violating 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 486 (http://www.law.cornell.edu/uscode/18/486.html) and 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 2 (http://www.law.cornell.edu/uscode/18/2.html), and one count of conspiracy, under 18 U.S.C. (https://en.wikipedia.org/wiki/Title_18_of_the_United_States_Code) § 371 (http://www.law.cornell.edu/uscode/18/371.html), to violate sections 485 and 486.[27] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-27) He faces up to 15 years in prison, a $250,000 fine, and may be forced to give $7 million worth of minted coins and precious metals to the government, weighing 16,000 pounds.[26] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-WBTV-26) Attorney for the Western District of North Carolina (https://en.wikipedia.org/wiki/United_States_District_Court_for_the_Western_Distr ict_of_North_Carolina), Anne M. Tompkins, described the Liberty Dollar as "a unique form of domestic terrorism" that is trying "to undermine the legitimate currency of this country".[28] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-Sun-28) The Justice Department press release quotes her as saying: "While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country."[28] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-Sun-28)
According to the Associated Press, "Federal prosecutors successfully argued that von NotHaus was, in fact, trying to pass off the silver coins as U.S. currency. Coming in denominations of 5, 10, 20, and 50, the Liberty Dollars also featured a dollar sign, the word "dollar" and the motto "Trust in God," similar to the "In God We Trust" that appears on U.S. coins".[29] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-29) VonNotHaus's attorney is appealing the decision and the arguments made by the prosecution in the case. Dollar (https://en.wikipedia.org/wiki/Dollar), for example, is a term used by many nations for their currency and has a German-language, not American, origin, the original form being "thaler" (https://en.wikipedia.org/wiki/Thaler), from Joachimstal (https://en.wikipedia.org/wiki/Joachimstal) in Bohemia (now Czechia (https://en.wikipedia.org/wiki/Czech_Republic)).

Forfeiture trial

The forfeiture trial was scheduled to resume Monday April 4, 2011.[30] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-30) Federal prosecutors were seeking to take roughly $7 million worth or five tons in Liberty Dollars minted in gold and silver seized in 2007 from a warehouse by the FBI.[31] (https://en.wikipedia.org/wiki/Liberty_Dollar#cite_note-31)

Yeah... so?? The machine that the NSA is creating is a massive archive center out in Utah, not even close to be a super computer. Just think of it as a MASSIVE database. I have read that they are looking to create a large super computer to attempt to crack AES-128. Good for them I wish them luck. lol AES-128 isn't even close to the cryptographic strength of SHA-256. While no encryption is uncrackable, it just isn't going to happen in our lifetimes. Outside of quantum computing SHA-256 is secure for a long time to come.

About von NotHaus, yep that sucks for him.. The only problem is that he was a central issuing authority. He built his business around it. Whose the central issuing authority for bitcoins? Who are they going to arrest?

[Jewboo]

About von NotHaus, yep that sucks for him.. The only problem is that he was a central issuing authority. He built his business around it. Whose the central issuing authority for bitcoins? Who are they going to arrest?



You don't get it. FEDs only need to stop those few central clearing Cashiers that convert bitcoins into real money.

Explain WHO exactly hands you real cash for your bitcoins so you can actually buy something in the real world.

:(??

[Ares]

You don't get it. FEDs only need to stop those few central clearing Cashiers that convert bitcoins into real money.

Explain WHO exactly hands you real cash for your bitcoins so you can actually buy something in the real world.

:(??

No you don't get it. How are they going to stop an Exchange in Japan? China? All North Korea would have to do is open one up charge a premium and no reporting rules to the fed. Name a country that isn't exactly friendly to the US and you can most likely start a BTC exchange with little investment.

Who gives me cash if I sell a bitcoin? The person who wants to buy one. Can even get on the local BTC market if you just want to meet up at a cafe during your lunch break and sell some coins. So whose going to stop a cash transaction?

And there are a number of retailers accepting bitcoins to buy something in the real world.

Every business on this site accepts bitcoins.

https://www.spendbitcoins.com/places/

[vacuum]

These people are willing to buy and sell them:
https://localbitcoins.com/

[Jewboo]

These people are willing to buy and sell them:
https://localbitcoins.com/



Most "local" exchanges are for CASH in some neighborhood parking lot.

:D

[chad]

when i can use bitcoins online at walmart.com, amazon.com, etc. i will get excited about them. so long as they are regulated to being accepted at places like greatbaklava.com, i will keep my opinion that they are retarded.

[Uncle Salty]

I don't even think this would be a tactic the government would use to take down BTC. Why outcompute them when you have a central bank that can buy up any assets it chooses, that can create as much fiat as needed to buy the majority of bitcoins on the market, causing a massive surge in price, then dumping them all when you own a controlling share? To me, seeing this massive upward move in BTC, my main concern is that it's not private individuals or companies buying BTC, it's governments and their central banks.




You give TPTB too much credit. A lot of people here believe that non-violent non-compliance is one way to effectively resist the beast. Isn't this one way of doing that?

I agree. I think this bitcoin surge is a pump and dump by TPTB to get people into bitcoins and then crash their world to shake confidence in the whole digital money realm.

That being said, a few bitcoins or litecoins might be a good thing to have on hand. But like I have said before, as of right now, real wealth can't be stored in bitcoins. Try buying and selling a few million dollars worth in a 48 hour period and see what kind of haircut you get when you cash out.

[Jewboo]

I think this bitcoin surge is a pump and dump by TPTB to get people into bitcoins and then crash their world to shake confidence in the whole digital money realm.



Exactly.

WHO (http://jewishfaces.com/internet.html) now owns and controls most of the raw digital processing power on planet Earth needed for a worldwide digital money realm.

After this little test run they will allow their goyim stooge US Dollar Reserve Currency to collapse worldwide and be ready to introduce their new totally kosher world digital currency called the BitSheckel. Won't even need to maintain brick-and-mortar Banks anymore.

The "inventor" of BitCoin remains unknown to this day.

:)

[sirgonzo420]

when i can use bitcoins online at walmart.com, amazon.com, etc. i will get excited about them. so long as they are regulated to being accepted at places like greatbaklava.com, i will keep my opinion that they are retarded.

By the time that happens, if that happens, you likely wouldn't be able to afford a whole one bitcoin.

[Ares]

The "inventor" of BitCoin remains unknown to this day.

I take it that "Mr. Satoshi" knew exactly what he had and didn't want to be targeted by banks and government as the project he/she/they created gains traction.

By all means look what happened to Von NotHaus. Why make yourself a target if you don't have too? If you read his 9 page conceptualization of bitcoin you'll see that he/she/they have libertarian leanings. Particularly when it comes to banks and governments.

You can read the papers yourself and look at the mathematical model used to create the currency.

http://bitcoin.org/bitcoin.pdf

[Shami-Amourae]

It's really crypto-anarchy.
http://en.wikipedia.org/wiki/Crypto-anarchism

Cody Wilson, the guy pushing for 3D Printing of guns is part of this movement too.

[mick silver]

the way i see it that there been wars over the buck and many have died over trying to use other forms of paper . so do you really think the fed will let this go , if they do then they own it

[Jewboo]

the way i see it that there been wars over the buck and many have died over trying to use other forms of paper . so do you really think the fed will let this go , if they do then they own it



Exactly.

[mick silver]

Real Evil: Attributing the Creation of Money to the State
By Staff Report
http://www.thedailybell.com/images/feedbackicon2.jpg
5
http://www.thedailybell.com/images/library/evileyes.jpg
Sorry, Libertarians (http://www.thedailybell.com/floatWindow.cfm?id=2593), History Shows Bitcoin (http://www.thedailybell.com/floatWindow.cfm?id=4336) Isn't the Future ... As we consider the digital-currency phenomenon that is Bitcoin, bear in mind that there are, broadly speaking, two accounts of the origin and history of money. One is elegant, intuitive and taught in many introductory economics textbooks. The other is true. The financial economist Charles Goodhart, a former member of the Bank of England (http://www.thedailybell.com/floatWindow.cfm?id=1860)'s Monetary Policy Committee, laid out the two views in a 1998 paper, "The Two Concepts of Money: Implications for the Analysis of Optimal Currency Areas." – Bloomberg
Dominant Social Theme: Money comes from government.
Free-Market Analysis: This is the fundamental fault line between freedom and statism and one reason we've spent so much time writing about it and have been subject to so many attacks.
The meme (http://www.thedailybell.com/floatWindow.cfm?id=654) – and we early recognized it as such – that money is a state-sponsored occurrence can be found in such books as Ellen Brown (http://www.thedailybell.com/floatWindow.cfm?id=2160)'s Web of Debt. It is a Greenbacker analysis and one that yields the conclusion that if money is state-sponsored than we can use elements of the state to "change" money and make it more equitable.
This is why the enemies of freedom and solvency are constantly trying to make the argument that money comes from the state. The Bloomberg article, above, makes the same points.
But money did not come from the state. It is ludicrous to argue that it did.
The state cannot make anything and has no incentive to innovate. There is not one single invention so far as we are aware that comes from the state. Everything is invented first in the private market and then adapted as necessary by government.
And that goes for money, too, which developed out of a competitive process, as Murray Rothbard (http://www.thedailybell.com/floatWindow.cfm?id=957) pointed out, between various currencies.
But that is not what the sophists want us to think. They want us to believe that money was invented in the neolithic as a result of war. Here's more from the article:
The first view, the "M View," is named after the Austrian 19th century economist and historian Karl Menger, whose 1882 essay "On the Origins of Money" is the canonical statement of an argument that goes back to Aristotle (http://www.thedailybell.com/floatWindow.cfm?id=2985):
As subsistence farming gives way to more complex economies, individuals want to trade. Simple barter (eight bushels of wheat for one barrel of wine) quickly becomes inefficient, because a buyer's desires won't always match up with a seller's inventory. If a merchant comes through the village with wine and all a farmer has to offer is wheat, but the merchant wants nuts, there's no trade and both parties walk away unfulfilled. Or the farmer has to incur the costs of finding another merchant who will exchange wheat for nuts and then hope that the first merchant hasn't moved on to the next village.
But if the merchant and the farmer can exchange some other medium, then the trade can happen. This medium of exchange has to be what Menger calls "saleable," meaning that it's easily portable, doesn't spoil over time and can be divided. Denominated coins work, shells and beads also fit the bill. So do cigarettes in POW camps and jails and Tide laundry detergent for drug dealers. This process, Menger argues, happens without the intervention of the state: "Money has not been generated by law. In its origin it is a social, and not a state institution."
Goodhart points out, however, that Menger is just wrong about the actual history of physical money, especially metal coins. Goodhart writes that coins don't follow Menger's account at all. Normal people, after all, can't judge the quality of hunks of metal the same way they can count cigarettes or shells. They can, however, count coins. Coins need to be minted, and governments are the ideal body to do so. Precious metals that become coins are, well, precious, and stores of them need to be protected from theft. Also, a private mint will always have the incentive to say its coins contain more high-value stuff than they actually do. Governments can last a long time and make multi-generational commitments to their currencies that your local blacksmith can't.
But why oversee money creation in the first place? This brings us to the second theory of money, which Goodhart calls the "C View," standing for "cartalist" (chartalist is a more common spelling). To simplify radically, it starts with the idea that states minted money to pay soldiers, and then made that money the only acceptable currency for paying taxes. With a standard currency, tax assessment and collection became easier, and the state could make a small profit from seiginorage.
The state-coin connection has far more historical support than Menger's organic account. As Goodheart points out, strong, state-building rulers (Charlemagne (http://www.thedailybell.com/floatWindow.cfm?id=2673), Edward I of England) tend to be currency innovators, and he could have easily added Franklin D. Roosevelt's taking the U.S. off the gold standard (http://www.thedailybell.com/floatWindow.cfm?id=2453) in 1933 or Abraham Lincoln financing the Civil War (http://www.thedailybell.com/floatWindow.cfm?id=1876) with newly issued greenbacks. The inverse is true too: When states collapse, they usually take their currencies with them. When Japan stopped minting coins in 958, the economy reverted to barter within 50 years. When the Roman Empire collapsed in Western Europe, money creation splintered along new political borders.
If money came about independent of states, as according to the M View, one would think it would outlast transient political structures. Historically, however, this tends not to be the case, a strong argument in favor of the C View.
The article goes on to attack Bitcoin – a "currency" about which we have longstanding doubts. But even though the article is aimed at Bitcoin, what is most disturbing about the article is its mischaracterization of fundamental economic literacy.
The crux sentence of this article is "A private mint will always have the incentive to say its coins contain more high-value stuff than they actually do."
There are no words to describe the maliciousness of such a misstatement. It really plumbs the depth of depravity.
It is the old market failure argument, but updated and casually tossed off with breathtaking arrogance. If one follows the logic of this statement, one arrives at the conclusion that the private market will always attempt to mislead and that government is a necessity to insure against private market corruption.
If one accepts this nonsensical perspective then everything else flows logically. Government was necessary to create money, to supervise it, etc.
Additionally, and most importantly, since government has MADE money, the process of government can be used to change money and make its creation and distribution more ethical and fair.
And, in fact, this is what Money Power (http://www.thedailybell.com/floatWindow.cfm?id=679) hopes you believe.
There is a huge push underway to get people to believe that if governments are responsible for money instead of "private" monopoly central bankers, the world will benefit and societies will be financially healthy again.
Nothing can be further from the truth. Make no mistake: Those who support Greenbackerism and speak approvingly of Silvio Gesell (http://www.thedailybell.com/floatWindow.cfm?id=28368) and Major Douglas are in league with Money Power. They are propounding a myth – that government itself can be the antidote to Money Power.
But only the free market can create and circulate money fairly. Money Power controls the state, which is why statists in the employ of Money Power, want to propound the falsity that the State can liberate money.
It is a con, a falsehood ... a dominant social theme (http://www.thedailybell.com/floatWindow.cfm?id=652).
It starts with the idea that the state created money, a falsehood on every level. It continues with the idea that the state-run money can be controlled by "the people" who can use monopoly central bank (http://www.thedailybell.com/floatWindow.cfm?id=2958) for their own benefit. This is of course the language of the Third Reich and the fascism (http://www.thedailybell.com/floatWindow.cfm?id=1902) that is now coming back into fashion.
China, India, Russia ... we are supposed to believe that because these countries have public central banks, their currency regimes are "better." What nonsense.
Conclusion: Don't fall for this sophism. Money was created by the free market and the sooner that the creation and circulation of money is returned to the market via currency competition (ncluding gold and silver (http://www.thedailybell.com/floatWindow.cfm?id=804)) the better off we shall be.

[Santa]

Outside of quantum computing SHA-256 is secure for a long time to come.

All you crypto cyber techno surfer fanboys better hope this shit is nothing but propaganda, cuz if it's true, you aren't gonna be riding the crest of any big ass wave rolling in on skyNet. It's all gonna be owned and operated by the same murderous fuckheads that have always owned it.

http://www.sciencedaily.com/news/computers_math/quantum_computers/
www.theglobeandmail.com/news/british-columbia/bc-firms-superfast-quantum-computer-upgrade-attracts-lockheed-martin/article10825838/
http://zolmax.com/quantum-technology-ready-for-commercial-development-at-lockheed-martin-nyselmt/53967/


Quantum Technology Ready For Commercial Development At Lockheed Martin (NYSE:LMT)

Posted by Toi Williams on Apr 5th, 2013 // No Comments

lockheed-martinQuantum technology is ready for commercial deployment according to Lockheed Martin, an American military contractor. The company is the first to use quantum computing as part of its business and is confident that the technology can be expanded on a commercial scale. Quantum technology goes outside of the standard computing code by using new values and creating new computing realities. Those working on quantum computing are optimistic about the breakthroughs to come.

Some skeptics believe the technology may not perform as well as Lockheed Martin expects. If it does, powerful computing systems could be supercharged to handle complex tasks faster than technology today. Ray Johnson, Lockheed’s chief technical officer, said, “This is a revolution not unlike the early days of computing.” Mr. Johnson indicated the computer would be put to use developing and testing complex radar, space and aircraft systems.

Microsoft, I.B.M. and Hewlett-Packard have also been developing quantum computer technology. Quantum researchers “are taking a step out of the theoretical domain and into the applied,” said Peter Lee, the head of Microsoft’s research arm. The long term goal of researchers is to exploit a property of matter in a quantum state known as superposition, which, makes the basic elements of a quantum computer called qubits. Qubits can hold a vast array of values along with the help of a second state known as entanglement. The two states together are necessary for quantum computing.

Lockheed bought a system from D-Wave that uses a different mathematical approach than others working on their own systems. Its processor is designed to find the least amount of energy required to form relationships from data. The process is known as adiabatic quantum computing and could be used to evaluate logistics, determine financial strategies or be used in applications like calculating protein folding. However, the company’s scientist have yet to publish any scientific data showing that the system is faster than current conventional binary computers.

[vacuum]

All you crypto cyber techno surfer fanboys better hope this shit is nothing but propaganda, cuz if it's true, you aren't gonna be riding the crest of any big ass wave rolling in on skyNet. It's all gonna be owned and operated by the same murderous fuckheads that have always owned it.
If it looks like it's going to be broken, the system can shift to different algorithms:
https://en.bitcoin.it/wiki/Weaknesses#Breaking_the_cryptography

[mick silver]

http://www.thedailybell.com/images/library/pump.jpg

[Neuro]

A thought that strikes me is that Yes the bitcoins crypto currency is limited to 21 million of them, but how many different crypto currencies are possible that are equally secure? It seems like it is not impossibly difficult to create a new one... With more of them popping up at increasing rates, we would see crypto currency hyperinflation where people are rapidly losing their new found faith in the value of them...

[madfranks]

But only the free market can create and circulate money fairly. Money Power controls the state, which is why statists in the employ of Money Power, want to propound the falsity that the State can liberate money.
It is a con, a falsehood ... a dominant social theme (http://www.thedailybell.com/floatWindow.cfm?id=652).

Conclusion: Don't fall for this sophism. Money was created by the free market and the sooner that the creation and circulation of money is returned to the market via currency competition (ncluding gold and silver (http://www.thedailybell.com/floatWindow.cfm?id=804)) the better off we shall be.

Mick, the article you posted seems to be in favor of bitcoins as a free market money, and is pointing out that criticizing bitcoins because they're not state money is a mistake.

[madfranks]

A thought that strikes me is that Yes the bitcoins crypto currency is limited to 21 million of them, but how many different crypto currencies are possible that are equally secure? It seems like it is not impossibly difficult to create a new one... With more of them popping up at increasing rates, we would see crypto currency hyperinflation where people are rapidly losing their new found faith in the value of them...

Probably not. Why don't you start making neurocoins and I'll start making madcoins, and let's sell them for ~$200. Who would buy them? Most likely nobody, because it takes more than simply making a cryptocurrency to convince people to buy and hold it. People believe that bitcoins will serve them well, which is why they freely buy them. It's a market phenomenon that can't simply be duplicated at will.

[Santa]

If it looks like it's going to be broken, the system can shift to different algorithms:
https://en.bitcoin.it/wiki/Weaknesses#Breaking_the_cryptography

I can't really blame you for hoping that technology will be your ticket to a better society. And just so you know, I do have a lot of respect for you young techno-minded people.

However, I don't think current algorithmic timing strategies will even apply to Quantum computing technology once it gets going.

You're banking on the idea that you'll be able to out compute quantum computer technology, which is something akin to my generation banking on the idea that we'd
be able to get a rocket to the moon before NASA would by using a handheld electronic calculator. Though I can't say with any certainty NASA ever actually did make it to the moon. Lol...

Anyway, I'm just a cynical old man who's concerned about the apparent destruction of any semblance of a stable culture into the future. I probably shouldn't even bother thinking
about it. I probably aught to just get back outside and pull some more weeds and feed the chickens. :)

[vacuum]

Probably not. Why don't you start making neurocoins and I'll start making madcoins, and let's sell them for ~$200. Who would buy them? Most likely nobody, because it takes more than simply making a cryptocurrency to convince people to buy and hold it. People believe that bitcoins will serve them well, which is why they freely buy them. It's a market phenomenon that can't simply be duplicated at will.

Not to mention bitcoin is a brain drain. Smart developers are going to be working on the most advanced project: bitcoin. Bitcoin is developing stability, new features, and an ecosystem of software tools at light speed right now.

Why would you put your money in a less developed, less supported, less mature, and less stable system? As a developer, why do you want to continually chase bitcoin's development and back-port all the changes?

[Neuro]

Probably not. Why don't you start making neurocoins and I'll start making madcoins, and let's sell them for ~$200. Who would buy them? Most likely nobody, because it takes more than simply making a cryptocurrency to convince people to buy and hold it. People believe that bitcoins will serve them well, which is why they freely buy them. It's a market phenomenon that can't simply be duplicated at will.
It is an advantage certainly to have started the first crypto currency, being in it the longest time gives you street cred. However if I start Neurocoins and you Madcoins today, that are equally or more secure and anonymous, we sell them for a cent each, or whatever someone would like to buy them for, a few years down the line, with good PR and marketing, there is nothing that says our crypto currency couldn't have taken a serious chunk of bitcoins market share. In fact I wouldn't be surprised if there are thousands of crypto currency projects being started right now. And if they are objectively better than bitcoins but priced at a tenth thousand of bit coin value why wouldn't you prefer to invest in that coin instead of bitcoins?

[Santa]

It is an advantage certainly to have started the first crypto currency, being in it the longest time gives you street cred. However if I start Neurocoins and you Madcoins today, that are equally or more secure and anonymous, we sell them for a cent each, or whatever someone would like to buy them for, a few years down the line, with good PR and marketing, there is nothing that says our crypto currency couldn't have taken a serious chunk of bitcoins market share. In fact I wouldn't be surprised if there are thousands of crypto currency projects being started right now. And if they are objectively better than bitcoins but priced at a tenth thousand of bit coin value why wouldn't you prefer to invest in that coin instead of bitcoins?

Which would effectively destroy any potential future crypto currency investment strategy, no?

[Neuro]

Which would effectively destroy any potential future crypto currency investment strategy, no?
I would think so...

[Hitch]

the way i see it that there been wars over the buck and many have died over trying to use other forms of paper . so do you really think the fed will let this go , if they do then they own it

The feds have used this tactic before. They've sent letters to a bunch of folks who had warrants, told them that they were chosen for a movie stand in role that payed big dollars. The folks with warrants showed up, got on the bus to get taken to the place of filming and get their money. They were driven and surrounded by feds who arrested them all.

So the feds create bitcoin. Anyone who buys bitcoins doesn't pay taxes, is anti bank, anti .gov currency, the feds profile all the people who buy bitcoins in their profiling databanks. They skyrocket the price up, make these folks happy and rich. Then, when the time is right, they just go round up these 'terrorists'. Probably a false flag involving bitcoin along the way, so the media can push how these evil folks are against us all.

[madfranks]

Anyone who buys bitcoins doesn't pay taxes, is anti bank, anti .gov currency, the feds profile all the people who buy bitcoins in their profiling databanks. They skyrocket the price up, make these folks happy and rich. Then, when the time is right, they just go round up these 'terrorists'. Probably a false flag involving bitcoin along the way, so the media can push how these evil folks are against us all.

Now that is a stretch of the imagination. It's just as likely they'll arrest everyone who doesn't use bitcoin as they are cash-loving backwards anti-digital money terrorists.

[Santa]

The feds have used this tactic before. They've sent letters to a bunch of folks who had warrants, told them that they were chosen for a movie stand in role that payed big dollars. The folks with warrants showed up, got on the bus to get taken to the place of filming and get their money. They were driven and surrounded by feds who arrested them all.

So the feds create bitcoin. Anyone who buys bitcoins doesn't pay taxes, is anti bank, anti .gov currency, the feds profile all the people who buy bitcoins in their profiling databanks. They skyrocket the price up, make these folks happy and rich. Then, when the time is right, they just go round up these 'terrorists'. Probably a false flag involving bitcoin along the way, so the media can push how these evil folks are against us all.

And remember, bitcoin was first introduced as an anonymous currency that could buy illegal drugs and other black market goodies online from the comfort and safety of your own personal monitor. One tantalizing temptation segueing into another. Very suspicious. That's how the devil works. :o

[Santa]

Now that is a stretch of the imagination. It's just as likely they'll arrest everyone who doesn't use bitcoin as they are cash-loving backwards anti-digital money terrorists.

All forms of speculating on a future outcome require a stretch of the imagination. The problem with rounding up all those who don't use bitcoins number in the millions, whereas the users are still a tiny percentage in the hundreds of thousands. Much more doable. That means your scenario is far less probable than Hitchers is. :)

[Horn]

A thought that strikes me is that Yes the bitcoins crypto currency is limited to 21 million of them, but how many different crypto currencies are possible that are equally secure? It seems like it is not impossibly difficult to create a new one... With more of them popping up at increasing rates, we would see crypto currency hyperinflation where people are rapidly losing their new found faith in the value of them...

Yes, I believe more will start popping up because the velocity has to slow on the current Bitcoin program.

Slower velocity will equal other brand competitors to jump into for profit.

If they all don't get hacked to ribbons firstly 2140 is a long way off.

[Horn]

http://www.youtube.com/watch?v=0J2QdDbelmY

The coins need to expire if not being used. Like a caterpillar that can't make its way out of a cocoon.

[Neuro]

Yes, I believe more will start popping up because the velocity has to slow on the current Bitcoin program.

Slower velocity will equal other brand competitors to jump into for profit.

If they all don't get hacked to ribbons firstly 2140 is a long way off.
Sir, would you prefer to invest your $1000 in 4 bitcoins, or would you prefer to invest that amount in 100,000 bitecoins, a modern version with better safety profile and user friendliness. Peak bitcoin dynamics is going to be interesting... It's a bit like buying petrol from an unlimited oilfield where the first explorer got a very limited pumping right, but surely their oil products must be worth much more, than later developers tapping into the field?

[Horn]

Sir, would you prefer to invest your $1000 in 4 bitcoins, or would you prefer to invest that amount in 100,000 bitecoins, a modern version with better safety profile and user friendliness. Peak bitcoin dynamics is going to be interesting... It's a bit like buying petrol from an unlimited oilfield where the first explorer got a very limited pumping right, but surely their oil products must be worth much more, than later developers tapping into the field?

You shoulda been a salesman, tell me how does a Sweed get such a command of the English?

These things bug me Neuro, why couldn't have silver poked through back in 2007?

I may buy one just to say I was a hipster "Bit" cat, like I sow my old GIM coin designs nowadays.

[Neuro]

You shoulda been a salesman, tell me how does a Sweed get such a command of the English?

These things bug me Neuro, why couldn't have silver poked through back in 2007?

I may buy one just to say I was a hipster "Bit" cat, like I sow my old GIM coin designs nowadays.
Us Suedes has commandeered the English for centuries, secretely. For me it was the manipulating business, I am too introvert and honest to be a salesman I have to believe in what I am offering.

How about a Neurocoin? Each one worth the equivalent of a chiropractic visit, not unbacked like the cryptocurrencies out there today?

[Horn]

How about a Neurocoin? Each one worth the equivalent of a chiropractic visit, not unbacked like the cryptocurrencies out there today?

You will need to denominate them in the number of human vertebrae.

[Horn]

I gotta deal for you Neuro, you go ahead & purchase one,

then I will see if I can steal it by right clicking thru your avatar Duck's toilet drain... :)

[mick silver]

Mick, the article you posted seems to be in favor of bitcoins as a free market money, and is pointing out that criticizing bitcoins because they're not state money is a mistake.

mad i am not saying this is bad but if it smell to good then something is up , like i have said there been wars and many have die over paper money so what make you think the gov will let this go unless they started this , just my two cent

[madfranks]

mad i am not saying this is bad but if it smell to good then something is up , like i have said there been wars and many have die over paper money so what make you think the gov will let this go unless they started this , just my two cent

Mick, you are probably right, that we haven't yet seen the full wrath of the establishment attack cryptocurrencies. Like shami said before, they don't understand it, but once they realize the threat, you're right, they'll attack it with all their might. But, this decentralized technology may just be the one thing they can't beat. It's a worthy battle, one worth fighting for and at least worth cheering for.

[Horn]

Mick, you are probably right, that we haven't yet seen the full wrath of the establishment attack cryptocurrencies. Like shami said before, they don't understand it, but once they realize the threat, you're right, they'll attack it with all their might. But, this decentralized technology may just be the one thing they can't beat. It's a worthy battle, one worth fighting for and at least worth cheering for.

Shami needs to start her own, and I will be the architect, not you, or anyone else.

Only me, unlike Shit-o-shi or whatever his name is,

I will need Shami to stand up with me in the spotlight of Fame & as the "Destroyers of Empires" as Ares says...:)


http://www.youtube.com/watch?v=UvPiv7F1lfE

Actually, after today, I understand why Shit-o-shi hides. :)


You say the hill's too steep to climb
Climb it.
You say you'd like to see me try
Climbing.

You pick the place and I'll choose the time
And I'll climb
That hill in my own way.
Just wait a while for the right day.
And as I rise above the tree lines and the clouds
I look down, hearing the sound of the things you've said today.

Fearlessly the idiot faced the crowd
Smiling.
Merciless the magistrate turns 'round
Frowning.

And who's the fool who wears the crown?
And go down,
In your own way
And every day is the right day
And as you rise above the fear-lines in his brow
You look down, hearing the sound of the faces in the crowd.

[Shami-Amourae]

Shami needs to start her own, and I will be the architect, not you or anyone else.

Only me, unlike Shit-o-shi or whatever his name is,

I will need Shami to stand up with me in the spotlight of Fame & as the "Destroyer of Empires" as Ares says...:)


Actually, after today, I understand why Shit-o-shi hides. :)

I'm a dude actually.

I have no interest in starting up a cryptocurrency, though I honestly could if I REALLY wanted to. It's not profitable for my time and effort. I'm more of an 3D artist than a programmer. My future is in 3D printing, and my current field: designing and maintaining content for virtual worlds. Why design a currency when I can design an alternative reality itself. I spend almost all of my time in this alternative reality, and I'm very happy there, and I no longer wish to have a normal life. It's who I am now.

I'm on the art end of this sort of stuff anyways.

I still think the best thing to do is to get into a cryptocurrency EARLY that you think will take off. That's why I stand with Litecoins now, and recommend others do the same if they are willing to take that risk.

[Horn]

I'm a dude actually.

Oooops sorry dude, there's no Adam's apples visible on the internet. :)

Do you play Soccer, at least?

[Shami-Amourae]

Do you play Soccer, at least?

I'm not European, no.

[Horn]

I'm not European, no.

We might have a chance at making something work then, I'm not either... :)

Well directly anyway.

[Jewboo]

Why design a currency when I can design an alternative reality itself. I spend almost all of my time in this alternative reality, and I'm very happy there, and I no longer wish to have a normal life. It's who I am now.



Horn is having some fun with inside jokes, but I'll be a little more serious. In previous threads you mentioned your desire to soon move to Idaho. I did so thirty years ago and am in Boise. Not in some alternative reality. Boise. Idaho. Planet Earth.

:)