Who here actual PURCHASED food or gas with a Bitcoin ???

[Jewboo]

http://www.couponclipinista.com/wp-content/uploads/2012/02/woman-checkout-line.jpeg
SORRY...NO FOOD FOR YOUR BITCOIN



http://blog.masslive.com/breakingnews/2008/06/Credit.jpg
SORRY...NO GAS FOR YOUR BITCOIN

:(?? anybody here ?

[madfranks]

Who here has actually purchased food or gas with their physical gold or silver?

Actually, the prospects of using BTC for food and gas is probably not very far off. Some retailers are already accepting Paypal (home depot for one), how hard would it be to set up BTC option at the checkout?

[Jewboo]

Who here has actually purchased food or gas with their physical gold or silver?

Actually, the prospects of using BTC for food and gas is probably not very far off. Some retailers are already accepting Paypal (home depot for one), how hard would it be to set up BTC option at the checkout?



At least our physical is in our hand not out there somewhere in a digital cyber-cloud.

Still looking forward to when someone here reports actually PURCHASING some food or gas with their Bitcoin.

:)

[ximmy]

http://www.youtube.com/watch?v=skv3wSIL5xI

[Shami-Amourae]

Gas, no, unless you do it indirectly:

http://www.youtube.com/watch?v=H9jC0TP-Yug#!

One of the first things purchased with Bitcoins was a pizza (https://bitcointalk.org/index.php?topic=137.msg1195#msg1195) for 10,000 BTC, which is valued at $1,950,000 as of today. It's the most expensive pizza purchased in history.


Buy SHTF food here (http://www.survivalfood.com/bitcoin/)...

Or from one of these...


Maqui Berry (http://maquiorac.com/) - Buy Maqui Berry Superfruit in powdered capsules (Miami, Florida)
Cups and Cakes Bakery (http://cupsandcakesbakery.com/) - Buy cupcakes with bitcoins (San Francisco, California)
Bitwein.de.vu (http://bitwein.de.vu/) Quality wine from palatinate - pay with bitcoin.
Chocolate Coins (http://jeffreybitcoin.moonfruit.com/) A very simple service for people to buy chocolate coins with your Bitcoins.
Artisan Chocolates UK (http://www.the-chocolate-tree.co.uk/) Buy handmade and lovingly crafted chocolate from The Chocolate Tree, Edinburgh, Scotland.
CookieEater Cookies (http://www.cookieeater.com) Oatmeal and Chocolate Chip Cookies.
Cigs.eu Cigarettes (http://www.cigs.eu) The Europe's leading discount cigarette shop now accepting Bitcoins. Cigs.eu offers a wide range of tobacco brands at a fraction of their local prices.
Muggswigz Coffee & Tea co. (http://www.muggswigz.com/wholesale/), High quality wholesale coffee and tea.
Quiggle Extracts (http://qextracts.ecrater.com/), herbs, extracts, tinctures, isolates, and seeds (does it accept bitcoin?)
Shaman Scents (http://www.shamanscents.com/), scented and essential oils, jewelry scarves and more (does it accept bitcoin?)
SUGAR (http://www.oksugar.com/), Oklahoma's Premier Wedding Cake Designer & Sugar Artist.. (does it accept bitcoin?)
BitBrew (http://bitbrew.net/), Premium and Organic Coffee
Belgian Flavours (http://www.belgianflavours.com), Belgian beers, chocolate and candy.
Edle Welten (http://www.edle-welten.de/), German Site, Oils, vinegars, teas, coffees, liquors
Bitcoin shopping (http://www.xrwh.com/bitcoin/?wpsc_product_category=olive-leaf-extract/) Olive Leaf Extract Capsules and Olive Leaf Extract with CoQ10 Capsules
honestbeef (http://www.honestbeef.com.au/) Australian Beef direct from the farmer. No additives, no preservative, gluten free.
MH-UK ethnobotanicals (http://mh-uk.net/code/page3.html) herbs and plants including ayahuasca vines, Syrian rue, Acacia confusa stem bark, chacruna & chaliponga leaves, blue lotus, passionflower, kratom and cactus pieces.
George's Famous Baklava (http://www.mandrik.com/) George's Famous Baklava has been operating locally and online since September 2009.
Stateless Sweets (http://www.statelesssweets.com/) Delectable homemade, all real ingredient candy, delivered to your home as a treat or for your next event to share.
Kereru Brewing Company (http://kererubrewing.co.nz/) Award winning New Zealand brewer that brews both traditional and gluten-free craft beer.
BitPantry (http://www.btcpantry.com) Hand made foods, custom tailoring for special requests and dietary restrictions available. Candied bacon, cookies, breads, beef jerky, and more, made when you order and shipped while fresh.
Bitcoin Coffee (http://www.bitcoincoffee.com), gourmet quality coffee at affordable pricing
Thai Food Essentials (http://thaifoodessentials.com), Kaffir Lime leaf essential oil for cooking. Recreate the taste of authentic Thai Food.
Bees Brothers (http://www.beesbros.com/) Caramels, honey, lipbalm, honey roasted almonds, and candles from Utah. Don't tread on bees!
Rollingdale Winery (http://www.rollingdale.ca/) West Kelowna, BC, Canada - specializing in organic wines and icewines - ships to certain locations in Canada only


More lists of things you can buy with Bitcoin:
https://en.bitcoin.it/wiki/Trade
(https://en.bitcoin.it/wiki/Trade)
Bitcoin will be used for more things when the price stabilizes. Merchants are afraid of it now since the price is so volatile right now. It was stable a year ago.

[Jewboo]

Bitcoin will be used for more things when the price stabilizes. Merchants are afraid of it now since the price is so volatile right now. It was stable a year ago.



http://i.i.com.com/cnwk.1d/i/tim/2012/07/17/Bernanke_620x350.jpg

I doubt bitcoins will even be around in another year. Albertson's and Safeway will never be allowed to accept one for a loaf of bread.

:(??

[Shami-Amourae]

I don't think they will have a choice in due time. The US government will do the most to restrict Bitcoins of any government I believe. Some countries will allow it and thrive. This is a trend. It's a long term process. The free market should rule out in the end as governments and banks collapse.

Personally I think the future is with Litecoins, not Bitcoins, but cryptocurrencies are here to stay. People are sick of Jew run currencies. We want a Jew-Free currency, and we have one. We just need to build trust in it and once we do, banks will be a thing for the history books. Cryptocurrencies are the Libertarian/Anarchist response to banking. Even if you believe they won't survive, understand that they are designed to stop the people we are all against, who have been ass fucking us for thousands of years.

[madfranks]

http://www.bigdamngeeks.com/wp-content/uploads/2012/02/borg.jpg
Resistance is futile, you cannot beat us, you cannot beat our paper money monopoly.

...
While some of us here are working on the effort to discard and move beyond the state's monopoly money, you're actively cheerleading for the state! It's almost like you love them or something.. http://gold-silver.us/forum/images/smilies/300%20%2824%29.gif

[Shami-Amourae]

Resistance is futile, you cannot beat us, you cannot beat our paper money monopoly.

...
While some of us here are working on the effort to discard and move beyond the state's monopoly money, you're actively cheerleading for the state! It's almost like you love them or something.. http://gold-silver.us/forum/images/smilies/300%20%2824%29.gif


https://twimg0-a.akamaihd.net/profile_images/2553035630/RonJermey.jpg
Some people enjoy the Jew-cock up their ass.

[Jewboo]

While some of us here are working on the effort to discard and move beyond the state's monopoly money, you're actively cheerleading for the state! It's almost like you love them or something.

http://gold-silver.us/forum/images/smilies/300%20%2824%29.gif



Not at all. Just questioning those here who also were previously cheerleaders for:



Ron Paul

Liberty Coins

Tea Party

Occupy Wall Street

Rand Paul

Now it appears that Bitcoins are their latest Hope for freedom. Anyone here tell me WHO invented Bitcoins or wrote the code? Nobody even knows. I'm just offering some counterposts to all this illogical hysteria.

:(?? WHO invented Bitcoins and wrote the code?

[Shami-Amourae]

It doesn't matter who invented it since it's no longer in his control. It's an open sourced project that is now developed by the crypto-anarchist community.

Here's some FAQ based on the myths of Bitcoin. I recommend you look through it:
https://en.bitcoin.it/wiki/Myths

[Spectrism]

Not at all. Just questioning those here who also were previously cheerleaders for:



Ron Paul

Liberty Coins

Tea Party

Occupy Wall Street

Rand Paul

Now it appears that Bitcoins are their latest Hope for freedom. Anyone here tell me WHO invented Bitcoins or wrote the code? Nobody even knows. I'm just offering some counterposts to all this illogical hysteria.

:(?? WHO invented Bitcoins and wrote the code?


Hmmm... that makes me wonder... if I may thread drift a post or two.... who are you a cheerleader for? Lemme guess.... Yassar Arafat, Muhammad the land pirate, Ahmadinejad?

[Jewboo]

... if I may thread drift a post or two.... who are you a cheerleader for? Lemme guess...



Oh. You don't know anyone either who actually purchased food or gas with a bitcoin.

Thanks for stopping by this thread that asks this simple question.

http://www.sternchatbb.com/boards/images/smilies/wave.gif

[Jewboo]

It doesn't matter who invented it since it's no longer in his control. It's an open sourced project that is now developed by the crypto-anarchist community.



They have actual names? Faces? Who pays them for all this time-consuming work?

:(??

[Santa]

Since gold and silver are such lousy and arcane investment tools, everyone is unloading those and rushing to convert into bitcoins. Yahoo! :)

Why would anyone buy food or gas with bitcoin when it's skyrocketing to the moon? Yippee! :D

Free money. Free Money. FREE MONEY.

Money for nothing and bitches for free. ;D

[cpy911]

So a bunch of Nerds have tweaked their computers/hardware/software to mine bit coins at a fast rate (creating out of thin air?) and a bunch of idiots in Cyprus decide its the best way to store their wealth and buy said bitcoins from the Nerds for 1000X the cost to mine them. Sounds like a Ponzi to me. REVENGE OF THE NERDS! They even call it "mining". What a bunch of BS. If you can't stand in front of it and defend it with a Winchester 94 lever action carbine, you don't own it.

https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcQH2R5ySY4oPqa1xnW6hPSxQqQwQaq4f mBpzA874VUpHmpwJCGm

My favorite...

http://1.bp.blogspot.com/-8J3OzOFjgtg/TdA6uxlXHgI/AAAAAAAAE_s/ZTj93tjCLI0/s1600/Luke+22-36.jpg

[mamboni]

ZALUCHI (after some laughter from the group, stands)


I also don't believe in bitcoins. For years I paid my people extra so they
wouldn't do that kind of business. --


[Tattaglia whispers something to his aide]


ZALUCHI (continues)


-- Somebody comes to them and says, "I have bitcoin miners; if you put
up three, four thousand dollar investment -- we can make fifty thousand
distributing." So they can't resist. I want to control it as a business,
to keep it respectable


(then, as he slams his hand on the table)


I don't want it near schools -- I don't want it sold to children! That's an infamia.
In my city, we would keep the bitcoins in the dark people -- the colored.
They're animals anyway, so let them lose their souls...


VITO MAMBONI


I hoped that we would come here and reason together. And as a reasonable man
I'm willing to do whatever's necessary to -- find a peaceful solution to these
problems...


JEWBOONINI:


Then we are agreed. The traffic in bitcoins will be permitted, but
controlled -- and Don Mamboni will give up protection in the East -- and there
will be the peace.

[Spectrism]

Oh. You don't know anyone either who actually purchased food or gas with a bitcoin.
Thanks for stopping by this thread that asks this simple question.

http://www.sternchatbb.com/boards/images/smilies/wave.gif

I never got into "bitcoins" and have not been interested. So, I let it alone. When I don't know about something or do not have much interest, I tend to keep silent about it rather than do two fatal things: show my ignorance laced with stupidity, or slander something that might be good.

But you did not answer my question, did you? What is it that you like? Are you a Mohammad-the-pedaphile fan?

[madfranks]

So a bunch of Nerds have tweaked their computers/hardware/software to mine bit coins at a fast rate (creating out of thin air?) and a bunch of idiots in Cyprus decide its the best way to store their wealth and buy said bitcoins from the Nerds for 1000X the cost to mine them. Sounds like a Ponzi to me. REVENGE OF THE NERDS! They even call it "mining". What a bunch of BS. If you can't stand in front of it and defend it with a Winchester 94 lever action carbine, you don't own it.

Well, holding their wealth in fiat money issued by their government wasn't working out very well for them, so why berate them for seeking an alternative? Not everyone in the world can simply enter a coin store and exchange their life savings into gold. Those folks who were ahead of the game and converted as many of their Euros as they could into Bitcoins made a gamble that paid off for them. And not a single one of them has been held up at the border with a gun in their belly while the state goons take their money.

[ximmy]

I haven't purchased food or gas with gold or silver. I have owned bitcoins. I was able to to convert them back into dollars at a nice profit then repurchased more bitcoins. I did this one time then they were stolen in the interwebs.

[cpy911]

Maybe they should not have been holding their wealth in fiat money issued by their government in the first place. Bitcoin? Have a nice ride.


Well, holding their wealth in fiat money issued by their government wasn't working out very well for them, so why berate them for seeking an alternative? Not everyone in the world can simply enter a coin store and exchange their life savings into gold. Those folks who were ahead of the game and converted as many of their Euros as they could into Bitcoins made a gamble that paid off for them. And not a single one of them has been held up at the border with a gun in their belly while the state goons take their money.

[Horn]

Money for nothing and bitches for free. ;D

If Sting starts singing about Bitcoin, its all over.


http://www.youtube.com/watch?v=O7GroZ60UYc

[JohnQPublic]

If Sting starts singing about Bitcoin, its all over.


Too Much Information
The Police
adapted by JohnQPublic

Too much information running through my Dell
Too much information mining my bitcoins
Too much information running through my Dell
Too much information mining my bitcoins

I've mined the whole net six times over
Churned my GPs and Maxed out my Bandwidth
I've mined the whole net six times over
Churned my GPs and Maxed out my Bandwidth

Overkill, overmined
Over my dead PC
Over me, over you
Over Fed'ral Reserve

Too much information running through my Dell
Too much information mining my bitcoins
Too much information running through my Dell
Too much information mining my bitcoins
Too much information running through my Dell
Too much information mining my bitcoins
Too much information running through my Dell
Too much information mining my bitcoins
Too much information running through my Dell
Too much information mining my bitcoins
Too much information running through my Dell
Too much information mining my bitcoins
I've mined the whole net six times over
Churned my GPs and Maxed out my Bandwidth
I've mined the whole net six times over
Churned my GPs and Maxed out my Bandwidth

Overkill, overmined
Over my dead PC
Over me, over you
Over Fed'ral Reserve

Too much information running through my Dell
Too much information mining my bitcoins
Too much information running through my Dell
Too much information mining my bitcoins

[osoab]

If Sting starts singing about Bitcoin, its all over.


http://www.youtube.com/watch?v=O7GroZ60UYc


You found the edited version? You must be a Costa Rica Canadian.

Sheesh.


http://www.youtube.com/watch?v=iwDDswGsJ60
http://www.youtube.com/watch?v=iwDDswGsJ60

[Horn]

I found a way to gauge Goo-popularity,

If you type "what can i purchase with bi" into the Google searchbar you need the i to get to bitcoin before it will popup in the list adjacent.

When it hits with just typing the b, then it will be good as gold.

Wait a second, gold doesn't popup with a g :)

[Horn]

http://blog.masslive.com/breakingnews/2008/06/Credit.jpg
SORRY...NO GAS FOR YOUR BITCOIN

:(?? anybody here ?

My goodness I just noticed how many different selections of Octane rating this woman has.

Is that a new line of Fall fashion?

[ximmy]

My goodness I just noticed how many different selections of Octane rating this woman has.

Is that a new line of Fall fashion?

They need an "unleaded minus" for really shitty cars...

[Silver Rocket Bitches!]

Gas, no, unless you do it indirectly:

One of the first things purchased with Bitcoins was a pizza (https://bitcointalk.org/index.php?topic=137.msg1195#msg1195) for 10,000 BTC, which is valued at $1,950,000 as of today. It's the most expensive pizza purchased in history.



LOL - now I don't feel so bad for spending 6 bitcoins on mushrooms last summer!

[Jewboo]

While some of us here are working on the effort to discard and move beyond the state's monopoly money, you're actively cheerleading for the state! It's almost like you love them or something.. http://gold-silver.us/forum/images/smilies/300%20%2824%29.gif



http://www.tribbleagency.com/wp-content/uploads/2010/12/bernankebills.jpg

Dow, S&P 500 close at record highs Today

Bitcoins Drop 50% In Six Hours Today

Linky (http://www.cbsnews.com/8301-505123_162-57578884/dow-s-p-500-close-at-record-highs/)

:(?? facts is facts

[madfranks]

I bet that makes you happy, doesn't it.

[Jewboo]

I bet that makes you happy, doesn't it.



Accepting reality is better for us than wishful thinking. I'd like to see us here focus more on actual practical Preps instead of this stuff. Evolve into a more realistic 2013 cyber community than just being a nostalgic version of GIM1 when gold and silver appeared to be the sane haven. Explore ways of maybe coping with the reality of Homeland Security surveillance and control. Get ready for the imminent crash when blood runs in our streets.

Get more real than this Bitcoin stuff...

:)

[madfranks]

Accepting reality is better for us than wishful thinking.

I'm sure the founding fathers would agree with you. :rolleyes:

[Horn]

Explore ways of maybe coping with the reality of Homeland Security surveillance and control. Get ready for the imminent crash when blood runs in our streets.

Franks might have a tough time trying to moderate bullet placement,

so you may want to more than only tithe towards him.

[Jewboo]

Franks might have a tough time trying to moderate bullet placement, so you may want to more than only tithe towards him.



I posted THIS THREAD (http://gold-silver.us/forum/showthread.php?68577-This-thread-has-gone-viral-in-Cyber-Man-World&p=624381&viewfull=1#post624381) at GSUS especially for Madfranks because he is an architect and should appreciate this viral over-one-million-viewer topic.

Demonstrates the value of common-sense Building Codes but I imagine that would be too "statist" and evil.

:(?? Madfranks didn't even give me a Thanks for posting it...lol.

[madfranks]

I posted THIS THREAD (http://gold-silver.us/forum/showthread.php?68577-This-thread-has-gone-viral-in-Cyber-Man-World&p=624381&viewfull=1#post624381) at GSUS especially for Madfranks because he is an architect and should appreciate this viral over-one-million-viewer topic.

Demonstrates the value of common-sense Building Codes but I imagine that would be too "statist" and evil.

:(?? Madfranks didn't even give me a Thanks for posting it...lol.

Lol, now you're trying to make it personal. I'm tempted to spell this out for you, but one thing I've learned is that it really is useless to try and explain things to you. Freedom is scary to some people, I guess I shouldn't be surprised. Well, I and others will continue to live our lives as free from state intrusion as we can. In the meantime, enjoy your bernanke dollars and FDIC guarantees.

[Jewboo]

Lol, now you're trying to make it personal. I'm tempted to spell this out for you, but one thing I've learned is that it really is useless to try and explain things to you. Freedom is scary to some people, I guess I shouldn't be surprised. Well, I and others will continue to live our lives as free from state intrusion as we can. In the meantime, enjoy your bernanke dollars and FDIC guarantees.



Let's ask everyone who lost 50% of their "investment" in Bitcoins within six hours today just how free they feel now.

:D

[madfranks]

Let's ask everyone who lost 50% of their "investment" in Bitcoins within six hours today just how free they feel now.

:D

What do you know about building anything from scratch? Currency or buildings? Yes, as you astutely pointed out, I am an architect, I know how to construct things from the ground up. What do you know about it? Nothing? Who would hire you for advice on the correct way to build anything? Nobody? Folks here who had the foresight to buy in when gonzo started his thread about bitcoins being on par with silver spot are currently up 5 to 6 times their investment. You just don't understand, do you? Your love of the state is getting in the way of you being able to discern reality from your beloved hallucination of state supremacy.

[Shami-Amourae]

Let's ask everyone who lost 50% of their "investment" in Bitcoins within six hours today just how free they feel now.

:D


I sold all of my Litecoins near the top of the crash since I saw what was happening, bought back in, sold, bought back in. I actually have more Litecoins now than yesterday, and the Litecoins I have in total are worth more than they were yesterday.

I feel pretty damn fucking good.

[Jewboo]

Yes, as you astutely pointed out, I am an architect, I know how to construct things from the ground up.



Exactly. And yet you don't even click on THIS (http://gold-silver.us/forum/showthread.php?68577-This-thread-has-gone-viral-in-Cyber-Man-World&p=624381&viewfull=1) thread that demonstrates how one guy exercises his precious Freedom to construct what over one million internet viewers regard as a joke.

Perhaps, if you viewed the link in that thread, you might better appreciate Building Codes and other common-sense "statist" conventions.

Why can't there exist common-sense beneficial government? You know....God forbid...enforceable Building Codes and meat inspections and keeping drunk people off our roads? Seems to work in my town...

:(??

[madfranks]

Exactly. And yet you don't even click on THIS (http://gold-silver.us/forum/showthread.php?68577-This-thread-has-gone-viral-in-Cyber-Man-World&p=624381&viewfull=1) thread that demonstrates how one guy exercises his precious Freedom to construct what over one million internet viewers regard as a joke.

Perhaps, if you viewed the link in that thread, you might better appreciate Building Codes and other common-sense "statist" conventions.

Why can't there exist common-sense beneficial government? You know....God forbid...enforceable Building Codes and meat inspections and keeping drunk people off our roads? Seems to work in my town...

:(??

Building codes. Wow, you just totally changed the point. I think you just lost an argument, didn't you?

[Horn]

An Architect starts out knowing very little about anything and
is educated to know less and less about more things such that he
ends up knowing nothing about everything.

An Engineer starts out knowing very little about anything and
is educated to know more and more about less and less so that she
ends up knowing everything about nothing.

A Contractor starts out knowing everything about everything but ends up
knowing nothing about anything primarily due to his association with
architects and engineers.
....

[Jewboo]

Wow, you just totally changed the point. I think you just lost an argument, didn't you?



You apparently totally ignoring THIS POST (http://gold-silver.us/forum/showthread.php?68598-Who-here-actual-PURCHASED-food-or-gas-with-a-Bitcoin&p=625100&viewfull=1#post625100) above and refusing to even click on that Building Construction thread...I guess you can preemptively declare yourself debate victor...lol.

:D

[mamboni]

I sold all of my Litecoins near the top of the crash since I saw what was happening, bought back in, sold, bought back in. I actually have more Litecoins now than yesterday, and the Litecoins I have in total are worth more than they were yesterday.

I feel pretty damn fucking good.

I am happy for you. But I hope you'll agree that trading in bitcoins is pure speculation, not investing in real money.

[madfranks]

I am happy for you. But I hope you'll agree that trading in bitcoins is pure speculation, not investing in real money.

At this point it is definitely speculation. Once (if?) businesses begin to contract and engage in economic calculation with bitcoins, then it'll be a different story.

[Cebu_4_2]

You apparently totally ignoring THIS POST (http://gold-silver.us/forum/showthread.php?68598-Who-here-actual-PURCHASED-food-or-gas-with-a-Bitcoin&p=625100&viewfull=1#post625100) above and refusing to even click on that Building Construction thread...I guess you can preemptively declare yourself debate victor...lol.

:D

That is seriously funny!

[Shami-Amourae]

I am happy for you. But I hope you'll agree that trading in bitcoins is pure speculation, not investing in real money.

I want it to be money in the future, but right now it is very speculative until more people get involved, and all the kinks get worked out. This will be the money, whether its by the free market or government decree, and I'm not referring specifically to Bitcoin (though possibly), but the cryptocurrencies themselves. The chances of Gold/Silver becoming money seems small, but still possible if it's done like the GoldMoney system is, and I think the only hope for something like that is from Asia.

This technology can be perverted and turned into the dreaded cashless society we all fear too if it becomes too centralized.


The biggest issue now is Mt Gox's market dominance as an exchange.

[Horn]

I want it to be money in the future,

Things you'll need.

1.) Security - which could then lead to another 3rd party.

2.) Market - people using them. (expire if not used)

3.) No government intervention - (probably impossible) they might just be the Pandora's box to cap the internet into a T.V.

None of the above would exclude it from becoming an underground store of wealth and transfer, which you should want it to remain, or which it already was.

[mamboni]

I want it to be money in the future, but right now it is very speculative until more people get involved, and all the kinks get worked out. This will be the money, whether its by the free market or government decree, and I'm not referring specifically to Bitcoin (though possibly), but the cryptocurrencies themselves. The chances of Gold/Silver becoming money seems small, but still possible if it's done like the GoldMoney system is, and I think the only hope for something like that is from Asia.

This technology can be perverted and turned into the dreaded cashless society we all fear too if it becomes too centralized.


The biggest issue now is Mt Gox's market dominance as an exchange.

Any digital money is just an encrypted computer file. You have no guarantee that the government does not already have a backdoor to the encryption. Also, any file moving across a network from computer A to computer B can be tracked and recorded by the government. That government will tax it and could potentially sanction it seems inevitable. To me, this is not secure wealth. As a temporary currency it is fine.

[Shami-Amourae]

Any digital money is just an encrypted computer file. You have no guarantee that the government does not already have a backdoor to the encryption.
The code is open sourced. Anyone can read it. There are no backdoors. Period.



Also, any file moving across a network from computer A to computer B can be tracked and recorded by the government.
Not exactly. I mean it could if you really didn't know WTF you were doing, and they somehow were focusing in on you MAYBE, but you give them too much credit. They are complete morons you know. There are many ways to mask identities, encrypt (http://www.truecrypt.org/), and hide information you're sending. You can send $10 million in Bitcoin by turning your wallet into a PDF file in and E-mail to someone that is encrypted. How do you think they can track that? They can only REALLY track the stuff dealing with the Federal Reserve System, and they already do a shitty job with that despite their fusion centers and big budgets.

Cryptocurrencies were specifically designed to be free of government. It's an anarchist concept (crypto-anarchy (http://en.wikipedia.org/wiki/Crypto-anarchism)).

[osoab]

Any digital money is just an encrypted computer file. You have no guarantee that the government does not already have a backdoor to the encryption. Also, any file moving across a network from computer A to computer B can be tracked and recorded by the government. That government will tax it and could potentially sanction it seems inevitable. To me, this is not secure wealth. As a temporary currency it is fine.

I read a thought on another site that would be an easier method to crash bitcoin.

What if they are the ones buying and selling in the markets? They (the Fed and .gov) have the endless digital frns to move the market. They don't have to own all the bitcoins just keep the marketplace in such a frenzy (ups and downs) that no one will be willing to support it (ie buy into it).

What merchant will accept bitcoins for product when that bitcoin valuation could fall 75% in a few hours?

[Shami-Amourae]

They don't even need to do that. The real mayhem comes from all the DDOS attacks...

[Jewboo]

The real mayhem comes from all the DDOS attacks...



Too funny. A run on the bank isn't a DDoS attack. It's all the victims trying to get their money out of Bitcoin at the same time.

:D

[Horn]

Too funny. A run on the bank isn't a DDoS attack.

Regardless, now that I know about Bitcoin, I would want it to stay well underground and away from the market for at least another 20 years. Maybe then it would have enough network to support it.

Right now any of them will be Bernies popcorn.

[irmatvep]

I've come to the conclusion that bitcoins are just another big scam designed to bilk the naive out of their money.