Nothing will make me happier than seeing the end of the central banking system.
This. Times a thousand!
If I've helped just a nudge in completing this goal, my life would have had a value.
Go Bitcoin!
Topic: One of the best comments I've ever read. (Read 949 times)
This. Times a thousand!
If I've helped just a nudge in completing this goal, my life would have had a value.
Go Bitcoin!
Quote
No need to rely on ACH, SWIFT, or other proprietary and closed networks. That sound you hear? Its the inevitability of your own obsolescence.The future of financial transactions will come down to one decision. Either you integrate with this massive network, or you go down fighting like the rest of the intermediaries such as the recording industry, or those attempting to enforce intellectual property laws regardless of national boundaries.Consider carefully, ladies and gentlemen.
he point out the thing. There is no option for them, looking bitcoin is like looking the future. Just like this time when you decide to download your first mp3 and understand that it'll cost jobs to somes.It is not a happy end for every one, and there is no guaranty that the new system produce better financial(btc)/artistic(mp3 on p2p) result. The p2p filesharing still lack of some tangible buisness model, the industry is still here and there. But now both the disk industry and the bank system will have to move. The only difference is that the disk industry is in a much later stage.
What is fascinating is the inevitable side of it.
Great comment indeed. Yet it seems no one at that magazine understood even a bit (pun intended), since there hasn't been any comments further on for some time now. Or they've just ran out of possible fallacies.
Damn, TraderTimm will take up all my usable sig space.
Damn, TraderTimm will take up all my usable sig space.
Thanks for putting that up Bitcopia, great stuff. Bordering on inspirational...
Nothing will make me happier than seeing the end of the central banking system.
I like it, too. 
http://www.americanbanker.com/issues/177_210/bitcoin-likely-to-grow-poses-benefits-and-risks-according-to-ecb-report-1053998-1.html
Good article... Amazing comment by TraderTimm:
"How humorous, the same organization that is actively mediating the entire European Union crisis (and contributing to the chaos via debt vehicles and fancy financial instrument acronyms), is providing advice on Bitcoin.This is what you need to know.We're tired of a system designed to benefit only those in boardrooms and expensive suits. You are no longer just a service provider, you're an increasingly unnecessary intermediary.The "liquidity" problem isn't one, because it assumes the only function of Bitcoin is to facilitate trade between other currencies. Perhaps in the initial phase the trends seem to be on the side of favoring the edge of the network, but rest assured the end result will be utilizing the entirety of the peer-to-peer network.That's right. No more skimming outrageous wire fees for the privilege of moving ones and zeros across the planet. No need to rely on ACH, SWIFT, or other proprietary and closed networks. That sound you hear? Its the inevitability of your own obsolescence.The future of financial transactions will come down to one decision. Either you integrate with this massive network, or you go down fighting like the rest of the intermediaries such as the recording industry, or those attempting to enforce intellectual property laws regardless of national boundaries.Consider carefully, ladies and gentlemen."
Whether or not bitcoin can or will be integrated on massive scale is yet to be determined, but regardless, TraderTimm is right. Look at Dwolla. It is only a matter of time before it replaces PayPal. The future is hopeful whether it be in the hands of bitcoin or not.
Good article... Amazing comment by TraderTimm:
"How humorous, the same organization that is actively mediating the entire European Union crisis (and contributing to the chaos via debt vehicles and fancy financial instrument acronyms), is providing advice on Bitcoin.This is what you need to know.We're tired of a system designed to benefit only those in boardrooms and expensive suits. You are no longer just a service provider, you're an increasingly unnecessary intermediary.The "liquidity" problem isn't one, because it assumes the only function of Bitcoin is to facilitate trade between other currencies. Perhaps in the initial phase the trends seem to be on the side of favoring the edge of the network, but rest assured the end result will be utilizing the entirety of the peer-to-peer network.That's right. No more skimming outrageous wire fees for the privilege of moving ones and zeros across the planet. No need to rely on ACH, SWIFT, or other proprietary and closed networks. That sound you hear? Its the inevitability of your own obsolescence.The future of financial transactions will come down to one decision. Either you integrate with this massive network, or you go down fighting like the rest of the intermediaries such as the recording industry, or those attempting to enforce intellectual property laws regardless of national boundaries.Consider carefully, ladies and gentlemen."
Whether or not bitcoin can or will be integrated on massive scale is yet to be determined, but regardless, TraderTimm is right. Look at Dwolla. It is only a matter of time before it replaces PayPal. The future is hopeful whether it be in the hands of bitcoin or not.
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