Re: 5 reasons grids should avoid BitCoin
Good article. I've been guilty of accusing the US of "just print more money" syndrome. But as you imply, the banking industry has more control over it than the feds do. About all I do with Bitcoins...
View ArticleRe: 5 reasons grids should avoid BitCoin
1. Bitcoin wallets are now encrypted - I can send you mine if you like. Try and hack it. The enforcement system is the encryption. It doesn't require police.2. No backers means no point of failure -...
View ArticleRe: 5 reasons grids should avoid BitCoin
The enrichment of early adopters isn't unfair, think about it- someone had to actually "make" the currency in the first place. Was the gold rush unfair because some people made it to Alaska first and...
View ArticleRe: 5 reasons grids should avoid BitCoin
Bitcoin is backed by its inherent value as "good money". If you don't think that matters just hand over the gold you have, that's also unbacked. No fees, easy to use, no inflation, near instant...
View ArticleRe: 5 reasons grids should avoid BitCoin
The banking industry sits in the FED board, so yeah they have ALL the control. And yes they print money for themselves at your expense.
View ArticleRe: 5 reasons grids should avoid BitCoin
more on the dollar printing for the banksters : http://gw.gd/backed_or_not( this is official FED data ) USD is not backed more than bitcoins are, and you could be more at risk if you have all your...
View ArticleRe: 5 reasons grids should avoid BitCoin
I agree with most of the comments that this article misses the point of bitcoins, and invests a bit too much faith in fiat money and the governments that back them. Some of us are concerned about the...
View ArticleRe: 5 reasons grids should avoid BitCoin
There is very little seignorage in mining using GPUs -- so if a bitcoin is worth $6, $3 or more went to the electricity (using U.S. residential average rates). New technology (FPGA) are much more...
View ArticleRe: 5 reasons grids should avoid BitCoin
> And yes, I am a big fan of the current financial system
View ArticleRe: 5 reasons grids should avoid BitCoin
The problem here with this article is Maria Korolov has been educated with 'old skool' economics. Bitcoin is a completely new invention. The economics of the old world mostly no longer apply. I had...
View ArticleRe: 5 reasons grids should avoid BitCoin
Your comment about Biebercoin indicates that you don't (want to) really understand why Bitcoin is not Linden $s, or WoW gold, or Faceboot credits, or Canada's MintChip, or whatever. Bitcoin is not any...
View ArticleRe: 5 reasons grids should avoid BitCoin
More BTC/SLL trading occurs at VirWoX than USD/SLL. BTC/SLL is not about 60% of EUR/SLL even. - http://bitcoincharts.com/chart... A good amount of this volume is because VirWox is about the only...
View ArticleRe: 5 reasons grids should avoid BitCoin
"Our modern financial system is a pretty darn amazing invention" ?I'd suggest a healthy dose of this : http://www.youtube.com/watch?v...
View ArticleRe: SpotON3D woos Linda Kellie for big PR coup
Wow... just wow! I really do hope you have a biiiiiiig hat on because the sky really is falling over you isn't it? Poor love you! First of all claiming rights over a way of using something someone else...
View ArticleRe: SpotON3D woos Linda Kellie for big PR coup
Very well said Jessica. You make all the points that are in my head that I am unable to express. Thank you.
View ArticleRe: SpotON3D woos Linda Kellie for big PR coup
Please leave the discussion on point and avoid using straw-man arguments, name calling and other ad hominem characterizations of me when debating the issues at hand. As I explicitly stated in my...
View ArticleRe: SpotON3D woos Linda Kellie for big PR coup
@Jessica Random What a load of rambling crap! You complain the objectors want to close SO3D down but the objectors are actually worried that SO3D wants to close their competitors down by using patent...
View ArticleRe: SpotON3D woos Linda Kellie for big PR coup
SpotOn3D didn't "pull me on board". They just had their door open and I walked through. And yep I do change my mind alot Gaga. You and I have been over and over this. This is what happens to people who...
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