Quote:
Originally Posted by adultmobile
Maybe not bitcoin (due to a few issues, for example that you mine and find gold coint with cpu power which is a geek niche, I think coin should be purchased from dollar, euro, metals etc.) but something like this - done different - may have relevance in future, given the real economy is a joke like a video game lately, so let it be a video game officially.
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The CPU power thing is only a clever way to fairly distribute the Bitcoins. There's really no other way to make a decentralized "mint". Plus, it's optional.
The real economy is a joke? I hear ya...
Also, you can buy/sell Bitcoins from a growing number of exchangers around the globe.
Here is a partial list of them:
bitcoinusa.com (USA / ACH and wire payments)
britcoin.co.uk (UK / Linked to online banking?)
bitcoin4cash.com (Canada / Cash in the mail)
bitcoin2cc.com (Global.. convert Bitcoins into a virtual VISA card)
nanaimogold.com (Money order, Liberty Reserve, HD Money, and a ton more)
coincard.ndrix.com (convert Bitcoin into PayPal / Pizza.. yes! Pizza! lol)
coinpal.ndrix.com (PayPal -> Bitcoin. They only do very small amounts at a time, apparently)
Quote:
Originally Posted by adultmobile
Anyway the real issue of any pay or exchange thing is the law and lobbies who pay the governments who does the law. Whoever does not remember e-gold, read here:
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I completely agree, and I remember e-gold. On a side note: did you see what happened to Liberty Dollar?
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Originally Posted by adultmobile
But govts can still put in jail whoever you catch using it, especially merchants - from the moment such system become popular.
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I can't see how just running the application would imply you are a criminal. A court wouldn't be able to prove that you even moved a cent with the application. It's like that by design.
Also, it seems like governments can bend/twist almost any law to throw any of us in jail for any reason now.
"The more corrupt the state, the more numerous the laws." - Tacitus
Quote:
Originally Posted by adultmobile
will be same if you support wikileaks with a biller - can't stop wikileaks but you can close all their processors, paypals and banks, so let the..
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Funny you would mention that. Check this out:
http://www.pcworld.com/businesscente...u rrency.html (Could the wikileaks scandal lead to a new virtual currency).
Quote:
Originally Posted by adultmobile
So I think these systems can work for small number of geeks who find it fascinating, but if for some reason one of these systems become big in transactions and number of merchants (as it was egold) will be made illegal (just the fact you can't say for sure who is the sender, who is the receiver, and for what the transaction is made, make it illegal today) and if can't stop it as not centralized, the bigger merchants using it can be spanked hard enough to give up.
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As long as there are countries that don't make it illegal, it will survive. You could just host your sites in a freer country and keep accepting Bitcoins as payment.
Plus, you have to keep this in mind: they have bigger fish to fry. "They" seem to be more concerned with copyright infringement anyway.