Bitcoin is the Swiss army knife of finance... so freakin useful! 
No, that would be OpenTransactions. Bitcoin is one of the knives.
Topic: Bitcoin is... (Read 1561 times)
No, that would be OpenTransactions. Bitcoin is one of the knives.
Bitcoin is the Swiss army knife of finance... so freakin useful!
A new way of storing digital information in a permanent, time-stamped, unalterable form, the most obvious use of which is as money, but the full potential of which most people haven't even begun to grasp.
Doesn't the value of government US dollars come from the Euro, since we trade billions of dollars for billions of euros every day? So, isn't our dollar backed by euro, which is backed by Germany?
Yeah, it's kinda like that
If only I understood how bitcoin works.
You say this thing evades gov't. But isnt it their money we trade it for? Where does the value of a bitcoin come from? Gov't backed value?
You say this thing evades gov't. But isnt it their money we trade it for? Where does the value of a bitcoin come from? Gov't backed value?
Doesn't the value of government US dollars come from the Euro, since we trade billions of dollars for billions of euros every day? So, isn't our dollar backed by euro, which is backed by Germany?
Yeah, it's kinda like that
... a fiat of Unicorns and Rainbows. to provide World Peace, solve World Hunger, and bring Nirvana itself to Mankind.
Or perhaps not
Or perhaps not
LOL
... a fiat of Unicorns and Rainbows. to provide World Peace, solve World Hunger, and bring Nirvana itself to Mankind.
Or perhaps not
Or perhaps not
Some variant of SCP-1900?
If only I understood how bitcoin works.
You say this thing evades gov't. But isnt it their money we trade it for? Where does the value of a bitcoin come from? Gov't backed value?
I am so confused
if bitcoin has the potential to act as a force against inflation, if the dollar fails, bitcoin fails.
We have dollar denominated world(USD is world reserve currency and quite stable against bitcoin), bitcoin is the attempt by a few to get dollar rich with little effort(im not complaining), but if bitcoin soars in dollar value, it means the dollar failed. The world wakes up and realized all the debt/military backed fiat, is actually not worth anything, bitcoin is now back to square 1?
What is a bitcoin worth?
The rest of your visionary ideas, I do applaud them, but are grandios delusions of money, and that of a world that DOES NOT exist other than in a small corner in your mind. Again I applaud you for envisioning them, but What is a bitcoin worth without govt money?
Not to mention the other dozens of things that can bring it down, everything from ElectroMagneticPulses, Gov't ASIC mining, corporate computing power, deflation.
And yet beyond all that, I see it working out in favor of the adopters amazingly well.
You say this thing evades gov't. But isnt it their money we trade it for? Where does the value of a bitcoin come from? Gov't backed value?
I am so confused
if bitcoin has the potential to act as a force against inflation, if the dollar fails, bitcoin fails.
We have dollar denominated world(USD is world reserve currency and quite stable against bitcoin), bitcoin is the attempt by a few to get dollar rich with little effort(im not complaining), but if bitcoin soars in dollar value, it means the dollar failed. The world wakes up and realized all the debt/military backed fiat, is actually not worth anything, bitcoin is now back to square 1?
What is a bitcoin worth?
The rest of your visionary ideas, I do applaud them, but are grandios delusions of money, and that of a world that DOES NOT exist other than in a small corner in your mind. Again I applaud you for envisioning them, but What is a bitcoin worth without govt money?
Not to mention the other dozens of things that can bring it down, everything from ElectroMagneticPulses, Gov't ASIC mining, corporate computing power, deflation.
And yet beyond all that, I see it working out in favor of the adopters amazingly well.
I envisage a libertarian world of small co-operating communities where freedom is not just a word but a fact.
That has been the case most of the time in the history of human being, within matrilineal blood-communities, just until the patriarchal hyper-collectivism arrived on this planet, about 10'000 years ago. Since then, male gods, theocrats and state terrorists terrorize the world with organized violence, and the people are forced to pay protection money in an unnatural, perverted construct: the monogamous pairing family/harem family (homo oeconomicus) for the purpose to generate surpluses for the rulers.
Bitcoin, Bitmessage etc. could hopefully be some of the tools, which end this inhuman stupidity. Stateless communities do not need an economy, because they are autark / selfsufficient.
magic internet money
actually james joyce described money as solidified energy, which is my favourite definition of money
bitcoin is *exactly* that
actually james joyce described money as solidified energy, which is my favourite definition of money
bitcoin is *exactly* that
Bitcoin is...a seed. Many will cultivate it, some will exploit it, some will simply let it set there until a better growing season. In the end, its fruits will be born regardless 
You believe so?
If not bitcoin, something better evolving out of the experiment? worst case
Bitcoin is...a seed. Many will cultivate it, some will exploit it, some will simply let it set there until a better growing season. In the end, its fruits will be born regardless
You believe so?
Bitcoin is...a seed. Many will cultivate it, some will exploit it, some will simply let it set there until a better growing season. In the end, its fruits will be born regardless
more please!
bitcoin is a mysterious invention that many people are trying to exploit while fearing the inevitable fascist oppressive tyrannical strong arm that will inevitably crush it.
bitcoin restores full autonomy to each individual on the planet for the first time in human history. Its that big!
The consequences of that are unknown but potentially revolutionary in that it could remove the current banking system, remove the current governments of nation states, remove despotic heads of rouge states and religions. I envisage a libertarian world of small co-operating communities where freedom is not just a word but a fact. and the surplus of each one after sustaining themselves and their community will go to the greater good of all. reg.
The consequences of that are unknown but potentially revolutionary in that it could remove the current banking system, remove the current governments of nation states, remove despotic heads of rouge states and religions. I envisage a libertarian world of small co-operating communities where freedom is not just a word but a fact. and the surplus of each one after sustaining themselves and their community will go to the greater good of all. reg.
revolutionary!
genius!
Bitcoin is the most amazing idea, with the most prickly community. Don't worry, I love you guys!
But sometimes, I shake my head.
But sometimes, I shake my head.
Bitcoin is going to be a success. Whether it succeeds on its own or through a successor, nobody knows, but it's set the bar higher than anything before it.
Bitcoin is monetary freedom
Bitcoin is...
...to money as internet and email were to information and communication.Jump to: