Every time someone says bitcoins is a dumb idea all the people who use bitcoins go on a warpath bashing them. Kinda like religious nut cases. Then again if you did invest in something so stupid you would defend your actions at all costs because you don't wanna seem like an idiot for doing so.
I own no bitcoins at all. Nada. I'm just one of many freedom lovers who would prefer their vast benefits over all alternatives.
Using the words "religious nut cases" on me was obviously designed to get under my skin... But if you read my response above you'll see no "faith" at all... Just appreciation of an elegant solution to mankinds' needs.
If you don't see it that way then you are totally ignorant of bitcoins and how they work.
But anyone here who actually believes in this bitcoin shit being a real currency... what kind of fantasy world are you living in? How stupid can you be to actually think this could ever work?
The fact that our overlords have Tanks and bombs and would gladly use them on me to stop this from taking grasp tells me you may be right... But for no other reason at all.
If the world was full of intelligent people who valued freedom, they would have risen up against our overlords long ago... And a Bitcoin-like currency would already have been the worldwide standard.
As it is we're just fuckin' fish in their barrel.
The problem is the dollar is pretty much has a monopoly in the currency world.
It's not the dollar itself; it's the power it represents to the owners who will kill you to keep that power. -Nothing more at all.
It's like you trying to create your own operating system when microsoft was at its peak. Except its 100x worse than that because.
1. your operating system sucks.
It's actually far, far superior. You should read up, son!
2. nobody knows who you are.
It's designed that way because anonymity is highly prized! Hell, the designer of the entire project went to great lengths to stay anonymous & distance himself from it so the shitstorm coming one day won't fall on him.
Really, you should really read up. It's the most elegant solution imaginable to the many problems with currency, and if you don't see it that only proves that you aren't intelligent enough to understand.
4. you hardly add anything of value.
A currency that can be transferred in any denomination anywhere in the world without exposing any identities? Are you kidding? Or do you just hate freedom?
A currency that can be broadcast to other freaking planets because it has no physical ties at all? Seriously?
A currency that is literally IMPOSSIBLE to counterfeit? This adds no value over gold or fiat monies?? What are you smoking???
5. the whole process is a pain in the ass.
Enlighten me on how painful it is to 'process' Bitcoin. Appears as easy as processing USD online to me... Far easier in places like public wifi spots where you don't want anyone grabbing your insecure credit card numbers!
6. and if you somehow managed to make it big enough to become a fly on the radar of government. You would be squashed like a bug.
Finally you've got one point. But keep in mind that it wouldn't be that easy for them... Being so anonymous and border-free, killing bitcoins would be like killing every cockroach in new york as long as there are people somewhere willing to trade them with each other.
I really can't say how long it would take to kill bitcoin, but I do know to even attempt to squash them totally, the powers that be would have to blatantly kill many people, and I even believe would have to threaten the world directly not to use them, thereby exposing themselves for the first time.
It's shaping up to be one extremely interesting battle.
