There have been ways to infringe copyrights for hundreds of years. Why is a centralised website revolutionary?
Because now we're talking about Products. Physical products from cars to ipads and nike trainers. Possibly even pharma one day.
Of course the 3D printing tech isn't there yet to make such products, but it's possible and this platform gives the designers a reason to make them.
It truly threatens the whole system that we know to be running things.
Mind=Blown. Inbefore some accidents..some deaths..and some more deaths..
I was just speculating with someone offline that Rand Paul likely just saved this poor guys a place in history as the first drone strikee on american soil. :thumbsup:
But you're likely right. It'll be an accident, possibly made to look like he was buying drugs or illegal guns and it went south. Too many interests are being threatened here.
Pretty sure Bitcoin hasn't made the slightest of dents to the banking sector, neither will it ever.
So they don't miss
that $500 million at all? They aren't concerned that this number is growing?
NOW who's underestimating the banks?
People don't give enough of a shit about the things you give a shit about for it ever to make a dent.
You make the classic mistake of not seeing the many industries that now depend upon bitcoin.
Like Cody says in the film, he'll need bitcoin to be able to do this.
Many industries online already do depend on bitcoin to exist. Gambling for Americans is one of them. (Not fully but it is heading in that direction.)
People were forced to learn how to use Paypal, right? They'll be forced to use bitcoin for things they can't buy with paypal... Or at least buy premium items that aren't available without bitcoin.
It's getting much easier with services like coinbase, instawallet, localbitcoins, and of course bitinstant. It won't take much longer for there to be another, better app than these for acquiring bitcoins, and then one after that and one after that and so on... Hundreds of coders are constantly at work on this problem.
and people don't care about it not being linked to gov't.
Jersey shore addicts? No. They don't. But enough do.
WAY More than enough do.
It has clearly be shown
in the pollings that the majority of support of bitcoin is by libertarians... And we're not talking about a couple thousand here. Don't forget that they've already put up $500 Million dollars between them.
Remember all the times I made a Ron Paul-related thread saying that the media won't reveal the true numbers of people who would vote for Paul? I stand by that point... And there is a constant discussion going on every libertarian-minded board these days about bitcoin.
For bitcoin to ever get anywhere you need to be able to pay with bitcoin in dollars/pounds/whatever currency you have from your credit card.
That will soon be reality in any sector where the government doesn't have a strong grip over the taxing structure... So obviously not the government itself and not big corporations. But all online retail that isn't a big corporation, including things like Namecheap and all kinds of Mom & pop shops both online
& offline too!
Your experience was during beta testing, basically. Things are already easier now.
Here's how I'd get bitcoins in a jiffy if i was in the US:
1. Head to walmart, cvs, albertsons, or some other store that sells a variety of gift cards. Buy as many in USD as I want to put into bitcoin.
2. Head over to
bitinstant and trade those cards for bitcoin. Simple as you could hope for, & it only takes 30 or so minutes to clear.
If I were more paranoid? I'd just use
LocalBitcoins, and buy bitcoins directly in meatspace. This is getting pretty popular now in fact... Which supports my point above about libertarians.
Not in a hurry? I'd use coinbase and just send $ from my bank account to be converted into bitcoin directly, but that takes 2 days. Fees are very low though.
Processors will never accept Paypal for bitcoin because why wouldn't you buy them and charge it back. No way the processor is recovering their loss.
Credit Card processors, not debit.
This is a shortcoming of the bitcoin system that
I personally feel is a good thing. Bitcoin can never offer that protection from scheming merchants like credit cards do, but there are other ways to deal with disreputable merchants... Meanwhile no one gets scammed in the opposite direction like they do today in USD.
If it ever even starts to catch on, it'll be made illegal for people to purchase bitcoins with their debit cards, etc anyway. Visa/etc will be forced to stop sending money to gateways that allow people to purchase bitcoins and it will all come crashing down.
Of course this has been well understood, talked about, and planned for since day 1. It will scare off some casual users, but the core base that depends on the coin is already in place, and the peer-to-peer nature of bitcoin will protect them.
With $500M already in the system, that value simply isn't just going away. Bitcoin is too strong now to destroy like that.
The value of a bitcoins will keep increasing more rapidly until no one uses it.
:error::eek7::error::uhoh2::eek7::uhoh2::error::uhoh2::eek7::error:
...I just don't know how I can argue with this 'logic.'
Are you saying that once a bitcoin is worth a million dollars it will be worth too much to use in trade or something? Remember, it is divisible down to 0.00000001 btc.
3d printing, the replicator, all lead to a road no government or corporate entity wants - the death of artificial scarcity, a world of merit.
Here here!
This fact alone should make every thinking person embrace these techs wholeheartedly.
That said, this guy probably isn't the guy to try and force that revolution before it's ready.
He does seem to look a bit angry or belligerent, doesn't he?
Matters little though, he's getting the idea out there and if/when he fumbles, there will be a thousand others to pick up the ball.