Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27673. (Read 26712842 times)

Down goes 508

Down goes 500   

Explanation

Maybe we should be talking to your wife instead.

The only thing about bitcoin that matters is that it is an accurate ledger of transactions, that it is open to the public, and that it cannot be fucked with.









(apologies to JJG, this post has been heavily edited )

what do you think about Ripple ? 2010 account ? O_o respect.

Where do you get these crazy ideas? There's nothing in Bitcoin that is incompatible with banks or governments.

hold steady ChartBuddy, I personally would like to see the price stay as low as possible, for as long as possible.

Explanation

Believing in bitcoin does not make it valuable.  Accepting it in trade makes it valuable.  The belief can be mere coincidence, or even be absent.

Bitcoin: If many believe so, it is so.
http://en.wikipedia.org/wiki/Argumentum_ad_populum

I just asked for the NF at the shops for the reason that I explained, and certainly did not imagine that it would cause that reaction.  In fact it took us a while to realize that we were the "tax inspectors". 

It must have been the whole street, people obviously did not know who or where those "tax inspectors" were, and did not wait to find out.

Not quite "proud" but you must agree that it was a quite memorable experience.

There is one idea in crypto-currency that is unquestionably good, but most parts of the bitcoin protocol are "good" only if one subscribes to the libertarian dogma that banks and governments are evils to be removed.

I have nothing against cash. I pay most of my meals and small expenses with cash, some with credit card. About 200 USD/week, which I get from ATMs on campus.  My wife manages the rest of my salary, not quite sure how.

As for being an NF fan -- no, I don't usually care to ask for it in my private purchases. Most stores do provide it anyway. Often it is just a common cash register receipt, but printed by a special printer that also prints the tax audit copy in a continuous roll.

(Although I should be an NF fan, because the budget of our university  comes specifically from the São Paulo State sales tax revenue, and stores who do not issue NFs are evading that tax.)

These are the exact entities that risk disintermediation, and it's just a truism that these actors would not want this system.

The cryptographic security of accounts is not even the tip of the iceberg of the benefit of this system. The benefit of this system is that its design incentivizes completely disparate actors to work to create the underlying infrastructure that then companies can build right on top of with profoundly lower cost than current proprietary and centralized systems.

True this is not attractive to the entities you describe, but the rebuttal to that is "who the hell cares?". The preferences of current rent-seeking oligarchs is only relevant as long as they can maintain control, which they can't forever.

Explanation

The offline generation of address/key pairs and the use of asymmetric cryptography to "sign" digital cheques are undoubtly better than centrally-stored passwords/PINs and "safety codes".  But it is only those features that make bitcoin (allegedly) safer than current credit cards against point-of-sale theft.  All the other "features" of the bitcoin protocol address other goals, and can be viewed as defects by those who do not see the goals desirabe or worth the cost.

As for your troubles here in Brazil, many of them were due to the lack or unreliability of ATMs, not to the fact that the ATMs were from banks rather than from a bitcoin company.

Wrong.  They were socialists.

In Hitler's Germany, every citizen was guaranteed a job by the government.  Every citizen was guaranteed an education, at government expense.  Health care was not totally socialized, but it was heavily subsidized by the government.  Sound familiar?  They weren't Marxists, but Fascists really are socialists too.

I don't think you know what left-wing and right-wing actually mean.  In America, at least, these terms have become almost meaningless.  Nowadays, right-wing = conservative = republican, and left-wing = liberal = democrat.  In reality, all of these terms have distinct, useful meanings.

The left-wing/right-wing terminology originated in France after the French revolution, where those who favored the old aristocracy sat on the right side of the legislature, and those who were more egalitarian in their views sat on the left.  Thus, right-wing came to be associated with those who believed that some people (the aristocracy, in this case) were genuinely better than others by birth, and ought to rule over others based on their basic genetic superiority.  In this way, the Nazis were clearly right-wing, even though they were also socialists.  I don't think any political group in America now is really right-wing, other than fringe groups like neo-nazis and the Ku Klux Klan - but it makes Democrats feel better to associate that term with Republicans.

Look up "classical liberalism" on Wikipedia to see what the original (and real) meaning of liberalism is.  I think you will be surprised by the answer.  Spoiler:  It reads a LOT like what most of us call 'Libertarianism'.

"Conservative" historically has meant to oppose change, to favor maintaining the status quo - whatever that might be at the time.  I don't know too many American 'conservatives' who are happy with the status quo nowadays.

The media and the political establishment try to conflate any term that has negative connotations among their supporters with their political opposition, and thereby render good, useful words useless.

If I were in charge of the FBI we would pay it.  Or maybe a little less.  $500/hr is a bit steep after all. 

Send me private messages, if needed we can discuss in the Portuguese language forum.

There is a big world outside of bitcoinland, you know.  In that world "Fiat" is a car maker, and "crypto-nazi" is someone who secretly espouses nazi views (such as extreme racism) but hides them to avoid public reproach etc..

Explanation