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Comment Re:Revolution (Score 4, Insightful) 130

Is that what you took away from my post.. Sorry but you're wrong, I'm speaking on a much more macro level of human behavior. I could just as easily say that YOU are under the impression that people **on the whole** can be squeezed indefinitely with no consequence. Congratulations on running an efficient company, hopefully, there aren't thousands upon thousands of desperate people living around you who need to survive.

The whole "adapt or starve" mantra corporate apologists like to trot out for these kinds of stories seem to forget that "adapt or starve" is called "desperation" as a synonym. People NEED A PATH to survive, and if they don't have one then you're shiny efficient business is going to look like a shiny pile of resources to people who just don't care anymore... and people like YOU put them there, so I doubt all your hard work and dedication will mean a thing to them.

Comment Revolution (Score 5, Insightful) 130

Eventually it's going to reach a tipping point where you choke enough people into poverty that eventually they're just going to say "fuck it, I have to survive somehow" ....and start just taking all those pretty coins that robotics have allowed you to save... This is just a basic fact of life, you can't make people poor and expect them to just sit there and take it.

Comment We're just bacteria (Score 1) 207

It's almost as if cities acted like petri dishes.. so weird..

When the costs associated with tearing down the old and putting up something new is comparable to just buying up new land and building on that.. then urban decay will stop.

Since that isn't something that business would do on it's own as it isn't as profitable, it's up to government to regulate it.

Comment Money != Legal tender (Score 1) 270

The legal tender law means that people in the country are FORCED and OBLIGED to accept it as a means of payment or contract value. There is no chance Bitcoin get there. We surely don't wanna people getting forced to accept Bitcoin payment. But still having it classify as a currency means you don't pay taxes when buy or sell it and can be used in a contract.

Comment Re:Bitcoin is not money (Score 2, Interesting) 270

Bitcoin is classify as money in: - Europe (Except France) http://curia.europa.eu/jcms/up... - Japan http://asia.nikkei.com/Politic... - Mexico https://sppld.sat.gob.mx/pld/i... - Afghanistan http://www.coindesk.com/how-bi... - Czech Republic http://www.rozhlas.cz/zpravy/e... - South Africa http://www.treasury.gov.za/com... I don' have links but I heard it's also consided a currency in - Russia, Switzerland and Nigera

Comment Re:cash is getting controlled (Score 1, Insightful) 270

Cash is getting hammered more and more, reducing the high value bills while still having inflation. If you carry too much, you get asked questions when spending and can your bills confiscate for no reason other than the amount you are carry (ready about civil forfeiture). I could see a use for digital currency. While you can argue that the creator have tons of bitcoin and is rich, the blockchain show early bitcoin never moved/used at all. In fact, the guy completely disappears from the map years ago... he could actually be dead and nobody knows... it's a possibility but definitely not certainty that he did that for money! Bitcoin transactions were not about privacy, they were about permissionless and censor resistant! Even if you live in an oppressive government, the bank cannot froze your account. Bitcoin adoption is slow, mainly because most governments ask for KYC policy and that's a bit awkward with any blockchain tech. If the web has been controlled by bureaucrats at start, we would have to register to surf, comments and make web sites. Just like the email and torrent protocol, the bitcoin protocol cannot be shut down, it's not going anyway... it's an experimental currency that, as you said, have a controlled and limited inflation. You can argue it's bad, there is hundreds of inflated currencies out there with inflation, let there be one to try if it's working without.

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