A transcript you'll likely want to read.
Edit- Updated link as of 1-27. See comment section re: disabling javascript
Security, privacy, economics, and some on the bitcoin.
I'll be reading it a few times.
You haven't forgotten about that, have you?
Let's see FedGov and its bedmate Federal Reserve devalue that.
I still say the economic risk of using the bitcoin is magnitudes less than that of the US Dollar.
Plus, it seriously torques the .gov and the monkeys off. They can't steal bitcoins from you.
Let them starve.
Resist.
I should have included it in-line, but anyone with "clearnet" questions or commentary are more than welcome to visit:
ReplyDeletehttp://piratepad.net/LPFOWY0AjV
I'll watch comments here, as well.
Thanks for the eyes, AP.
There's some idiotic "complete one of these surveys to unlock this page" sh!t.
ReplyDeleteIf you want folks to read this, you need to clean this up.
LastBox-
ReplyDeleteAny ideas on the survey issue pointed out by Peter?
It was not there yesterday.
AP
Ah, yes - if I allow javascript there's all sorts of ugly popup. I'd assume we crossed some threshold for 'views' that activated that code.
ReplyDeleteHint: get http://noscript.net/
Never deal with that again.
Copied the body over here:
http://pastebin.com/KhCQDgRY
AP, if you can edit the point to that new link, that'd probably help the afternoon crowd not have the same frustration. I chose a poor pastebin provider. :/ Thanks.
Sorry folks - won't use tinypaste in the future.
LastBox-
ReplyDeleteDone.
Thanks for your efforts.
You operate in a realm that makes me feel like a two-year old (not just referencing this little issue).
You stay safe; we need you.
AP
Many thanks, AP. Saved me again.
ReplyDeleteYou wouldn't know I had any skillz, from the amount of egg on my face from stuff like this. ;)
I just googled Bitcoin. This is the highlights of what I found.
ReplyDeletehttp://bitcoinme.com/
http://en.wikipedia.org/wiki/Bitcoin
http://www.forbes.com/sites/petercohan/2011/06/28/can-bitcoin-survive-is-it-legal/
http://www.economist.com/blogs/babbage/2011/10/virtual-currencies
Just what I want to trade in nothing. This is a worse idea than traiding in morgage backted securities and carbon credits. So, what is the intrinsic value of a Bitcoin. Fiat Currency? So, is there a finite quantity of Bitcoins?
I got wigiets to trade! Who wants to by my wigets!
Who going to guaranty that you always have access to the net?
Hmmm...
Josh-
ReplyDeletePlease, please do not judge something based on Wikipedia or Google.
Bitcoin is not an investment, it is a vehicle to buy and purchase, it is, for me, a short term tool, although if you look, it's done rather well, performance wise.
I have, and will continue to trade in it.
It is an excellent tool, IMO.
You need to dig a little deeper into the bc, and think outside the box.
Buy bitcoins, conduct your anonymous transactions, sell what remains. In and out. It takes a few minutes.
I think it is a well-performing but very risky long term investment, if that is how you see it.
I also think looking at it in that way is wrong. Use it as you would any other fiat currency.
You don't usually "buy" USD as an investment as an American; it is your currency.
Or are you telling me you don't use the uber secure dollar for transactions???
AP
@Josh-
ReplyDeleteI'd recommend you read this - poorly titled but intelligent rebuttal of common complaints re: Bitcoin.
https://en.bitcoin.it/wiki/Myths
There are quite a few misconceptions about what Bitcoins "are". There really is no better source than the originating whitepaper:
http://bitcoin.org/bitcoin.pdf
And lastly, you can trade in Bitcoin offline with physical tokens:
https://www.casascius.com/
Hey look, I can do 15 minutes worth of research with Google and come up with rebuttals too. Derp.
No What gets me about it is the artificiality of the exchange rate. LastBox already hinted or said out right that you can manipulate and control for inflation (expand the suply of bitcoins). How about deflation (shrink the supply)?
ReplyDeleteSo good for exchange of goods, one time transactions, as you said, AP. I already got crap paper money that does that. Well I guess now I can do it over the Internet.
What's the intrinsic value of a bitcoin coin?
Sigh....open sorce and permanit log of every transaction. Where is this log kept and who has access to it.
That AP was my point of warning. It has all they same pitfalls as other currencies. And you do have to go through an exchange it's just the program and those who over see the program.
It's just another medium of exchange that uses something that I can't tast or use. Like currency its just another commodity it's subjected to supply and damand.
I was just point out the pitfalls Anonymous dude.
I have very little choice on the dollar front snd I don't keep a lot of it slowly losing buying power in a saving account either.
:-)
P.S. you don't trust wiki but you will trust sn open dource program.
;-)
P.S. I hate Anonymous jackass.
ReplyDeleteDerp.
I guess thats what I get for thinking for myself.
Let me cirrect my mistake.
AP Briliant post as always keep up the good work and don't change a thing.
;-)
"thinking for myself" looks shockingly close to "offering my completely ignorant opinion" to anyone that read the source material provided that DIRECTLY ADDRESSED your knee-jerk reactions.
ReplyDeleteI'll agree w/ anon @ 02:34 - Derp.
Sigh... How are you anonymous genius going to spend your precious bitcoins with out access to the internet. Let's see SOPA, PIPA that bill last year trying to give the President an Internet kill switch. The only value I see in bitcoins is there ability to be traided over the internet between "trusted" parties.
ReplyDeleteThey lose that and they are worthless.
Out of the virtual, what I like to call the RL, there are much better things to horde and barter with; precious metals, ammo, food, time, tools and socks.
Little Econ lesson.
Value is mostly determined by the buyer/market. If I see a demand or a use for somthing then it has value for me, if not piss off.
Like I said Jackasses.
Josh-
ReplyDeleteYou have to have internet to buy them, too. So...I don't get it.
Your internet concerns are not a worry. If the internet is "cut off", then we're in a new phase anyway. See how much your dollar buys when (if) the internet is cut off.
As for the b/c, Buy them, use them, done. Every argument you use against the b/c can be used against the dollar.
The "jackass" bit is not necessary, nor is it warranted.
No one is forcing you to use b/c, only pointing out what they see as the flaws in your reasoning.
BTW-
What does it matter if someone uses "anon" as opposed to a screen name?
Argh.
Sometimes people talk on the internet as if words have no consequences. In real life, someone talking like they do online would earn a punch in the damned mouth.
AP
So, they call me ignorant and I canr call them ignorant right back?
ReplyDeleteI would say, however, that "ignorant" has a completely different -and less negative- meaning than "jackass".
ReplyDeleteYou offered a few limited articles obtained through a google search to support your blanket condemnation of the b/c.
.....
Having said all that, the use of the word "jackass" is acceptable. ;-)
Say it all you want.
Just not advisable, or conducive to continued discussion. Neither is the word "ignorant", based on its modern-day mostly-negative connotations.
I, for one, am largely ignorant on many subjects.
Then again, I'm a jackass on many as well... ;-)
AP
Some clarification from "anon" would be good...
They where trying to be slick... with there use of Derp. I was like what the f$%^ is Derp? Oh, they're basically calling me a jackass.
ReplyDeleteI was just trying to be straight foreward in giving my opinion of them back.
They set bitcoins up to run like a gold exchange. "You mine bitcoins" and the like. If people find value in it use it, I never said not to. I only gave my opinion, you would of thought I kick their favorite puppy.
Basically, if they're going to call me a jackass and hide behind anonymous, I have no respect for them, and my ability to talk to them like an adult slips down into school yard name call. I can be childish that way. Besides I wouldn't want to talk over their heads that would be rude. (Oops, now I'm just being mean.)
;-)
Neither is the word "ignorant", based on its modern-day mostly-negative connotations.
ReplyDeleteThat was not how I'd meant it.
Purely in the sense of: uneducated in this matter.
I don't see an authentic effort from Josh to remedy that. Other Anon gave him plenty to go on - instead there's a deluge of new objections.
Done being trolled.
Anon-
ReplyDeleteI had suspected you meant "ignorant" as in "not knowing".
AP
I had suspected you meant "ignorant" as in "not knowing".
ReplyDeleteJust confirming my intent. All is well.