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1 posted on 04/12/2013 11:33:56 PM PDT by djf
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To: djf

your credit card may have a $100k limit... but without the ability to contact the credit agencies... it’s just a piece of plastic


2 posted on 04/13/2013 12:49:44 AM PDT by sten (fighting tyranny never goes out of style)
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To: djf
A good summary.

Bitcoin trivia: Mt Gox gets its name from "Magic: The Gathering Online Exchange" back from when it used to be a venue for trading cards.

Maybe that's the problem. Crypto-currencies like BTC require the construction of purpose-built exchanges in order to achieve their full potential.

And BTC has potential. It's not a 'printable' currency - the creation of each unit requires non-trivial work. More importantly BTC is not a fiat currency: no-one is forcing anyone to use it.

Also: BTCs have real world value, albeit of a rarified kind. BTCs can be used as cypher-keys or one-time-pads for the secure validation of long-range transactions. Using BTC as money is a subset of that ability.

BTC is an alternative currency with unique properties. Those of us trapped in the global fiat system should support the existance of non-fiat alternatives; even if we don't use them ourselves.

3 posted on 04/13/2013 12:59:40 AM PDT by agere_contra (I once saw a movie where only the police and military had guns. It was called 'Schindler's List'.)
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To: djf
That technology will be passé very soon.

It's only to make everything fair for all.

9 posted on 04/13/2013 6:30:04 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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