Economic transaction costs.
The Economic transaction cost from owning multiple, free, disposable wallets?
Maybe I'm a bit slow today, but I don't see it. Could you clarify please?
They won't be doing that once the government requires them to report all BTC related transactions.
I'm referring to totally 3rd-party, off-the-record services. I guess they can go after the domain of these places but that's about it.
Since you seem to have no faith in the P2P advantage we have over the govs, I guess only time will show you what you need to see... It just makes me sad that you won't own any bitcoin before that day comes; Because they'll likely be $100's or even over $1000 USD by the time you and team Rothbard come around to supporting them.
BTC: As a last resort, can be used to buy illegal narcotics anonymously, or sell them to junkies...(and round and round) as tangible value.
The bitcoin economy
is already far larger than junkies, and frankly they don't even measure as a blip on the radar anymore.
The problem I see is that in a doomsday scenario, one gets wiped out along with the internet. while the other doesn't.
The kind of doomsday scenario that it would take to wipe out the internet these days would make even silver useless. We'd all be living like cavemen, if we live at all.
If the majority of sales (not transactions) aren't black market based, what are they based on?
There are tons of directories full of vendors that take bitcoin now.
Surely you've heard the big names like Wordpress, Namecheap, Mega, and a few others, but just like with a profitable keyword campaign, the real money is in the long tail merchants... Here is my favorite directory:
Bitcoiney (Nice but small)
The Official Bitcoin Wiki Merchant list (Big but old)
Even then, discounting all of the vendors who have "come out," you gays are still missing the bigger picture.
System D is the
#2 economy on the earth, just behind the USD economy.
I have yet to hear a good argument on how Bitcoin would fail to become that economy's favored currency... It clearly has already begun.
What other transactions would it be? Surely not public, legal transactions...
because then the obvious thing in that case is to go with the flow and do it like it be.
So there's now $800 Million USD in bitcoins just sitting there in people's hands, and you don't think companies that sell non-legal products would like any of it?
In the free market, there is this thing called a competitive advantage. I know it's a strange concept to grasp in our modern world, but the Bitcoin creates an envelope of actual Free Market around it by being anonymous and untraceable.
Therefore, competitive advantages exist with the bitcoin economy. To a company like Namecheap, that means if they sell their product for bitcoin, then they'll have a competitive advantage over GoDaddy.
So
they do.
The 60% foot the bill, while the 40% get to reap the benefits for free?
Or do you just foot the full bill for the testing, while I reap the rewards of drinking tested water?
Why do I get to live with the benefits of having water bombers in town, and my house saved because of them?
Are these examples of "unfairness" really worth the trade-offs for having a government?
Statists and obviously socialists see these examples of 'the few having to pay for some others' as the greater evil.
It is not. If you think so, then you are immoral. This unfairness doesn't result in huge, involuntary taxes or millions of lives taken. It doesn't result in a thousand things we all hate about the world today, that wouldn't be there if governments weren't doing them.
Just the Democide consequence alone should be unacceptable to any civilization, yet you statists seem to be able to constantly believe that democide won't ever happen again so it's worth the costs of having a state in order to not have to pay for others unfairly.
But democide will happen again. Possibly to you.
Then there's taxes for things you'd never approve of, which makes up a large amount of what you get taxed. Like bombing brown people on the far side of the planet. That's a real double-dose of immorality there, yet it's so commonplace today that statists defend it as necessity.
Then there's paying for HORRIBLE schooling and public services that you wouldn't use yourself but are sometimes forced to because the government doesn't like competition.
Do I need to go on? How can you defend all of this evil just so you won't be paying a bit more for some slacker someday?
