What policy forces people to have debt and who is "we" that determined it? People have debt because of their own doing. Blame yourself for your debt, not someone else.
You are right sir. I guess most of the world population could just live in the street... or you know, not eat. That way they would be free of debt. FREEDOM!
Why is the ever increasing value a problem? Multiply the number of BTC that exists (or that will ever exist... about double what we have now), per it's price in USD. Now compare that to the world GDP... it's much, much lower, so no... BTC is not overpriced, in fact, far from it in case it want to become a real currency.
It would be a bit dumb to whoever has 20% of the coin to just dump it. He would loose a huge amount of money that way.
What would happen - assuming that person had an average or above average IQ - is that he will start selling it's bitcoins slowly.
At the moment, if you sell 1000 BTC in MtGox over the course of a day (so, 20 BTC per hour), the impact in the price is minimal, so that person could cash out 1 million dollars per day without affecting the price considerably./b>
So while I agree that both should be unacceptable, the reality is that one is much more unacceptable as a direct result of [arbitrarily long time frame] in which women have been treated as either property or second class citizens.
So I guess that a group of black people came and enslaved you wouldn't feel it was that much unacceptable, right? I mean, after all it's just a direct result of [arbitrarily long time frame] in which women black people have been treated as either property or second class citizens.
Step 1: Require that the companies collect the information and retain it.
Sure, because the only thing I would like more than, for the US government to have access to all my online life, would be for a US corporation to have access to all my online life.
If you consider that being denied access to certain aspects of the outside world while being held in jail waiting to go to court, is worst than being sodomized and stabbed in some American jail, then yes, USA is certainly better in that regard.
My grandmother stored enough money to buy a car 40 years ago under her mattress and now it's enough to buy an hamburger. I stored enough money to buy an hamburger in my bitcoin wallet 1 year ago, and now is enough to buy a car.
what's the one thing people use BC for at the moment in addition to speculating? Paying for suspicious goods or services online
I always pay for my Humble Bundle game deals with bitcoins. OMG, are you telling me Humble Bundle is actually a Pedofile, Terrorist, Marxist organization??? I knew it! I knew it all along!
Sure, if more places accepted bitcoins it would be fine, but the day my local grocery store or my electric company starts accepting bitcoins, that will be the day the government will make sure that they get their cut of the taxes and people will no longer be interested in using bitcoins for the reasons they use them today.
My grocery store doesn't accept electron for payment, and still, I can go to an ATM machine, exchange some electrons to some green paper and pay my groceries. Using Bticoin, I first convert some electrons on bitstamp to other electrons in my bank account, then go to an ATM... well, you get the idea.
Ok, for the sake of convenience I'll pass over the part where you plug in your computer to the electricity, press the power butoon, and open your browser. I must assume that at least you know something.
1 - Write: www.bitstamp.net in your browser address space
2 - Put your user name
3 - Put your password
4 - Press the enter key (it's that big one on the right of your keyboard)
5 - Transfer your bitcoins to the address provided in the bitstamp.net page (sorry mate I can't help you with this one since I don't know what bitcoin wallet you use).
6 - Click: Sell bitcoins
7 - Go to the withdrawals page
8 - Fill in your bank details
9 - Click "withdraw money"
I know, it's quite an obscure and difficult process, but this is a brave new world, and things like clicking in the internet explorer icon and login in onto a website are only easy for those crazy early adopters of technology. Just keep trying there and one day you'll make it like the other genius that accomplished the feat before you.
1000 BTC is a trivial amount of shares, at much you would loose 5% of their value in dollars if you sold them all in one transaction. MtGox has several transactions like that every day,
I don't know where you work, perhaps you have one of those very few and very specific jobs where you don't have to show up with anything but the clothes on your body for work. Well, most of us don't, I have to carry a messenger bag, most people at least carry a briefcase, so yes, I do expect people to put a grocery bag in there since it's basically weightless.
If you don't want to carry it around... well it's your choice, but pay for it like the law implies.
See, that's why we need a fee. Because ignorante uninformed and lazy people like you don't understand those exact same bags you talk about already exist for years and are for sale for a: "1 time fee, exchange for a new one as many times as you want", in many supermarkets.
So yeah, it's no wonder the government has to charge money form ignorants like you, since otherwise they will never learn.
Tough luck that most of the money invested in Bitcoins stopped being USD some time ago. If the US government outlawed BTC, bitcoin price might take a dip but would continue going on with the Chinese/Rusian/European market after a while.
I wonder why the technical oriented sites that actually value privacy don't start posting the judges names/email/FB for this kind of cases so that we can "gently" harass them on the internet. Cause, seeing this straight, the judge ordering Lavabit to show all it's good to the FBI, was actually the one to blame for the worst that happened.
Could say exactly the same about gold and diamonds... heck I could even say the same about printed money. Non basic goods have exactly the value that society as a group accepts they have. This goes for absolutely any non basic goods.
Sure, it's hell to live in these backwater countries of European Union... we are obviously afraid to go out in the streets because you know guns are outlawed here so everyone is shooting everyone else around because of that, oh the humanity!
Good thing Adam Lanza was too young to have a concealed carry license.
Yeah, I heard an unicorn gave him the guns, it obviously had nothing to do with the fact that it was easy for someone else to buy those guns and then for Lanza to just pick them and use them.
Dunno, perhaps if the USA stopped being a 3rd world country - in that regard - where everyone is allowed to go around with a gun, they didn't really had to be afraid that the student would do anything more than just play around with his iPhone game, would they?
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But, all the cars over here already have a back door and its quite visible. We call it trunk.
What policy forces people to have debt and who is "we" that determined it? People have debt because of their own doing. Blame yourself for your debt, not someone else.
You are right sir. I guess most of the world population could just live in the street... or you know, not eat. That way they would be free of debt. FREEDOM!
Why is the ever increasing value a problem? Multiply the number of BTC that exists (or that will ever exist... about double what we have now), per it's price in USD. Now compare that to the world GDP... it's much, much lower, so no... BTC is not overpriced, in fact, far from it in case it want to become a real currency.
I guess when they discovered gold, there was someone saying exactly the same.
It would be a bit dumb to whoever has 20% of the coin to just dump it. He would loose a huge amount of money that way.
What would happen - assuming that person had an average or above average IQ - is that he will start selling it's bitcoins slowly.
At the moment, if you sell 1000 BTC in MtGox over the course of a day (so, 20 BTC per hour), the impact in the price is minimal, so that person could cash out 1 million dollars per day without affecting the price considerably./b>
So while I agree that both should be unacceptable, the reality is that one is much more unacceptable as a direct result of [arbitrarily long time frame] in which women have been treated as either property or second class citizens.
So I guess that a group of black people came and enslaved you wouldn't feel it was that much unacceptable, right? I mean, after all it's just a direct result of [arbitrarily long time frame] in which women black people have been treated as either property or second class citizens.
Step 1: Require that the companies collect the information and retain it.
Sure, because the only thing I would like more than, for the US government to have access to all my online life, would be for a US corporation to have access to all my online life.
Damn, some way in which the USA is better?
If you consider that being denied access to certain aspects of the outside world while being held in jail waiting to go to court, is worst than being sodomized and stabbed in some American jail, then yes, USA is certainly better in that regard.
My grandmother stored enough money to buy a car 40 years ago under her mattress and now it's enough to buy an hamburger. I stored enough money to buy an hamburger in my bitcoin wallet 1 year ago, and now is enough to buy a car.
what's the one thing people use BC for at the moment in addition to speculating? Paying for suspicious goods or services online
I always pay for my Humble Bundle game deals with bitcoins. OMG, are you telling me Humble Bundle is actually a Pedofile, Terrorist, Marxist organization??? I knew it! I knew it all along!
And Bayer factories produced Zyklon-B... but you don't see people complaining about that when they take an aspirin, do you?
Sure, if more places accepted bitcoins it would be fine, but the day my local grocery store or my electric company starts accepting bitcoins, that will be the day the government will make sure that they get their cut of the taxes and people will no longer be interested in using bitcoins for the reasons they use them today.
My grocery store doesn't accept electron for payment, and still, I can go to an ATM machine, exchange some electrons to some green paper and pay my groceries. Using Bticoin, I first convert some electrons on bitstamp to other electrons in my bank account, then go to an ATM... well, you get the idea.
How do you go short on bitcoins? Details please.
Ok, for the sake of convenience I'll pass over the part where you plug in your computer to the electricity, press the power butoon, and open your browser. I must assume that at least you know something.
1 - Write: www.bitstamp.net in your browser address space
2 - Put your user name
3 - Put your password
4 - Press the enter key (it's that big one on the right of your keyboard)
5 - Transfer your bitcoins to the address provided in the bitstamp.net page (sorry mate I can't help you with this one since I don't know what bitcoin wallet you use).
6 - Click: Sell bitcoins
7 - Go to the withdrawals page
8 - Fill in your bank details
9 - Click "withdraw money"
I know, it's quite an obscure and difficult process, but this is a brave new world, and things like clicking in the internet explorer icon and login in onto a website are only easy for those crazy early adopters of technology. Just keep trying there and one day you'll make it like the other genius that accomplished the feat before you.
until you can directly exchange Bitcoin to currency this will just be an elaborate hoax.
I do that about, hum, let me see... every day.
Yep, that's correct. Bitcoin is designed to be ridiculously scarce in the long run.
So is gold.
1000 BTC is a trivial amount of shares, at much you would loose 5% of their value in dollars if you sold them all in one transaction. MtGox has several transactions like that every day,
I don't know where you work, perhaps you have one of those very few and very specific jobs where you don't have to show up with anything but the clothes on your body for work. Well, most of us don't, I have to carry a messenger bag, most people at least carry a briefcase, so yes, I do expect people to put a grocery bag in there since it's basically weightless.
If you don't want to carry it around... well it's your choice, but pay for it like the law implies.
See, that's why we need a fee. Because ignorante uninformed and lazy people like you don't understand those exact same bags you talk about already exist for years and are for sale for a: "1 time fee, exchange for a new one as many times as you want", in many supermarkets.
So yeah, it's no wonder the government has to charge money form ignorants like you, since otherwise they will never learn.
True, Venezuela has many problems as we can see, but - unlike some 3rd world countries - they don't have the death penalty as you are implying.
Tough luck that most of the money invested in Bitcoins stopped being USD some time ago. If the US government outlawed BTC, bitcoin price might take a dip but would continue going on with the Chinese/Rusian/European market after a while.
I wonder why the technical oriented sites that actually value privacy don't start posting the judges names/email/FB for this kind of cases so that we can "gently" harass them on the internet. Cause, seeing this straight, the judge ordering Lavabit to show all it's good to the FBI, was actually the one to blame for the worst that happened.
Could say exactly the same about gold and diamonds... heck I could even say the same about printed money. Non basic goods have exactly the value that society as a group accepts they have. This goes for absolutely any non basic goods.
Sure, it's hell to live in these backwater countries of European Union... we are obviously afraid to go out in the streets because you know guns are outlawed here so everyone is shooting everyone else around because of that, oh the humanity!
Good thing Adam Lanza was too young to have a concealed carry license.
Yeah, I heard an unicorn gave him the guns, it obviously had nothing to do with the fact that it was easy for someone else to buy those guns and then for Lanza to just pick them and use them.
Dunno, perhaps if the USA stopped being a 3rd world country - in that regard - where everyone is allowed to go around with a gun, they didn't really had to be afraid that the student would do anything more than just play around with his iPhone game, would they?