Everyone understands that this wont last right? - page 2.

Sjalq

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Quote from: Jdumond on June 11, 2011, 12:46:06 PM

Quote from: BombaUcigasa on June 11, 2011, 05:33:03 AM

Quote from: Jdumond on June 10, 2011, 08:27:50 PM

THE GOVERNMENT WILL CRUSH THIS.

Which one? The one that's bankrupt and only influences 6% of the Earth's population? Do you know about some places on your planet called "Europe" and "Russia"?

A combination of governments or whatever.

As soon as their is a soapbox to standon (silkroad) the politicians will get involved. Sex trafficking, drugs, weapons. its a politicians wet dream.

One successful exchange on the planet could bring the debt based money monopoly to its knees. If only one government allows it or simply fails to contain it their fiat money will be rejected by the market. The overwhelming evidence of stability and growth will flock investment to that region and the idea will be verified. Governments will also not be able to successfully outlaw all trade with that country simply on the basis of its citizens having the freedom to transact in bitcoin.

If there is not complete co-ordination, everyone from Venezuela to North Korea to Washington to Vienna to Mauritius to the Isle of Man to Chile to Zimbabwe to Somalia there will be no way of "crushing" it with legislation.

Jdumond

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Quote from: BombaUcigasa on June 11, 2011, 05:33:03 AM

Quote from: Jdumond on June 10, 2011, 08:27:50 PM

THE GOVERNMENT WILL CRUSH THIS.

Which one? The one that's bankrupt and only influences 6% of the Earth's population? Do you know about some places on your planet called "Europe" and "Russia"?

A combination of governments or whatever.

As soon as their is a soapbox to standon (silkroad) the politicians will get involved. Sex trafficking, drugs, weapons. its a politicians wet dream.

Sjalq

sr. member

Activity: 280

Merit: 250

"The very thing that verily vexes me to visceral unhappiness is that the vilified method of transactional verification, "bitcoin" has no v's visible in it's spelling."

Oldminer

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Quote from: Jdumond on June 10, 2011, 08:27:50 PM

I saw a post today with some dude running a server with a mask on,

Sjalq

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On the topic of Wikileaks, I believe they were kicked of Amazon on a Thursday and had attacks against their dns provider? By the Sunday night Google was returning new their IP as the top result for them and there were 208 exact copies of the sigh up and running.

If they go after Bitcoin they will create insane interest in BTC in the rest of the world. If bitcoin goes down, something better will just replace it.

BombaUcigasa

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Quote from: Jdumond on June 10, 2011, 08:27:50 PM

THE GOVERNMENT WILL CRUSH THIS.

Which one? The one that's bankrupt and only influences 6% of the Earth's population? Do you know about some places on your planet called "Europe" and "Russia"?

Stardust

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Quote from: Cluster2k on June 10, 2011, 11:11:29 PM

There is an easy way to effectively shut down bitcoin: go after the exchanges. Shut down MtGox and a few other popular ones, or bury them in red tape and lawyers. Imagine if the US government required MtGox to get photo ID from all users, or they pressured other banks and organisations to not accept MtGox withdrawls. The Euro zone would follow soon afterwards. Just closing a few exchanges would collapse the value of bitcoins as people see the dollars they pumped into the system may not necessarily be pumped out.

How will they accomplish that? Do you believe all goverments will join to destroy the exchanges, when they did not do that for more important issues? Even so, destroying the exchanges will accomplish nothing, P2P trading will go on. Destroying Bittorrent and Wikileaks would be far more easy than Bitcoin.

Actually goverments will need Bitcoin, as more and more people wake up to what b***s**t fiat currency really is. And nope, people will not choose an inflationary fork to Bitcoin.

Sjalq

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Quote from: bittersweet on June 11, 2011, 03:25:00 AM

THEY WILL CRUSH BITCOIN JUST LIKE THEY CRUSHED FILE SHARING AND ANONYMITY NETWORKS!!1

+1

Worrying though is that what if bitcoin fails this test, that it is too transparent. That means something else will replace it, something that will have the benefit of the bitcoin experiment and less flaws, that something is what will destroy our investments in bitcoin.

Findeton

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Hey bitcoin is NOT anonymous. It's only anonymous if you both use tor and a bitcoin mixer.

hugolp

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Radix-The Decentralized Finance Protocol

Quote from: alxs on June 10, 2011, 08:42:26 PM

had to register to comment on this one...

I think its going to be tricky as anything GOV does has to factor in linden dollars, facebook, etc.

A bigger concern is what gavin, jeff et al intend to do as per:
http://www.cbsnews.com/video/watch/?id=7368784n&tag=contentBody;housing

We are working with the government to make sure indeed the long arm of the government can reach Bitcoin[/b]
Jeff Garzik, Bitcoin Developer

Bitcoin and Agorism
http://rulingclass.wordpress.com/2011/06/09/bitcoin-and-agorism/

I watched the same and did not like it a bit. I really hope they are just working Bitcoin as a trojan horse, giving the most kind face to the authorities so they let Bitcoin exists and it becomes big enough so they can not go down on it because there is a big mass of people using it and the political backslash would be considerable.

bittersweet

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THEY WILL CRUSH BITCOIN JUST LIKE THEY CRUSHED FILE SHARING AND ANONYMITY NETWORKS!!1

westkybitcoins

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Firstbits: Compromised. Thanks, Android!

Quote from: Jdumond on June 10, 2011, 08:27:50 PM

THERE IS NO WAY THIS WILL LAST SO HAVE FUN BUT KNOW THAT THE GOVERNMENT WILL CRUSH THIS.

Like they crushed torrents and filesharing? Like they crushed Wikileaks?

You might just find that good ideas are a bit more resilient than you thought.

dgamer5000

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An article by the Chicago Tribune AND a review by a Yale graduate?

Shit is going down, man.

Cluster2k

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There is an easy way to effectively shut down bitcoin: go after the exchanges. Shut down MtGox and a few other popular ones, or bury them in red tape and lawyers. Imagine if the US government required MtGox to get photo ID from all users, or they pressured other banks and organisations to not accept MtGox withdrawls. The Euro zone would follow soon afterwards. Just closing a few exchanges would collapse the value of bitcoins as people see the dollars they pumped into the system may not necessarily be pumped out.

casascius

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The Casascius 1oz 10BTC Silver Round (w/ Gold B)

Quote from: Bazil on June 10, 2011, 10:37:45 PM

Bitcoin already exists, and the number one man has already disappeared and no one knows who he was.

Maybe he quit to go start the Silk Road to help bait the media for the purpose of propping up the value of his million bitcoins, since he knows cryptocurrency is boring geek news that won't go past Slashdot but a mail order drug website using cryptocurrency will go viral. And maybe he runs the Silk Road on a hacked server at some telemarketing outfit or donut factory somewhere, so that if and when the authorities finally find the actual server it's running on (after spending a billion taxpayer dollars to find it), the sorry underqualified guy who's job iswas system administrator won't have a clue it was ever there or how it got there, and that fact will be corroborated by a lifestyle that is clearly inconsistent with dealing drugs or owning a million bitcoins. And Satoshi will be getting the last laugh on a beach or a cruise somewhere with a laptop and a towel and a copy of Tor, slowly selling BTC to sail the seven seas while checking his e-mail once upon a time, and codes his next big idea, like a decentralized crypto-based stock exchange anyone can list themselves on, so he can make NASDAQ and NYSE obsolete. The end.

Bazil

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I think governments will try to wreck bitcoins, but I think they will fail. Trying to kill bitcoins would be like trying to hold jello down by hammering it with a nail. They can't get rid of it just by throwing the developers away and seizing their assets like they did with eGold and the liberty dollar. Since Bitcoin's value is in the coin in your computer and not in someone's store house of commodities. Bitcoin already exists, and the number one man has already disappeared and no one knows who he was.

Jdumond

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Quote from: onesalt on June 10, 2011, 08:31:32 PM

Oh please, bitcoin doesn't have any oil, theres no way the US government will do anything other than crush it completely if it's used to fund terrorism.

which if its untraceable, and goes beyond our borders our politicians A wont understand and B exactly what you said is what they will think.

What makes you think they WONT think its funding terrorism?

Jdumond

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alxs

Awesome links, I really enjoyed them both.

This is what has peaked my interest, very in-depth, and looking for feedback.

http://www.scribd.com/doc/55491049/Bitcoin-An-Innovative-Alternative-Digital-Currency-SSRN-id1817857

alxs

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Merit: 100

had to register to comment on this one...

I think its going to be tricky as anything GOV does has to factor in linden dollars, facebook, etc.

A bigger concern is what gavin, jeff et al intend to do as per:
http://www.cbsnews.com/video/watch/?id=7368784n&tag=contentBody;housing

We are working with the government to make sure indeed the long arm of the government can reach Bitcoin[/b]
Jeff Garzik, Bitcoin Developer

Bitcoin and Agorism
http://rulingclass.wordpress.com/2011/06/09/bitcoin-and-agorism/

LastReplaySC

newbie

Activity: 8

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Quote from: Jdumond on June 10, 2011, 08:27:50 PM

Like seriously, a peer regulated currency?

Going great now, but there was just a Chicago tribune article and now a review by a Yale JD candidate. Eventually this will get shut down because its was to easy to send money to people our government, your government, or any government does not want receiving money.

anyone heard of the patriot act?

Are we all just deciding to operate in this bliss?

I saw a post today with some dude running a server with a mask on, really this inspires confidence?

THERE IS NO WAY THIS WILL LAST SO HAVE FUN BUT KNOW THAT THE GOVERNMENT WILL CRUSH THIS.

lets have some fun but realize that this will end, government regulation or hack will end bitcoin.

Enjoy the ride

listen to what Govts are up to

http://www.youtube.com/watch?v=gTQex6Xzsfo

pls stop bending over in this form, you can't be thar devote!!!

Topic: Everyone understands that this wont last right? - page 2. (Read 8928 times)