Your values are much different from mine. Bitcoin is valuable for me because it offers a chance to change this screwed up world. I am voting with my wallet when I buy and support Bitcoin. I do not have much to lose as I do not have much voting rights in my wallet. I have made a video that outlines why Bitcoins are of a great value to me.
http://www.youtube.com/watch?v=yDd2JGwrGUI&feature=c4-overview&list=UU9rOAPUfZe3KEja0vvFpe_A
Value of Bitcoins
The US dollar has been adopted by the world as the world currency. The currencies of all other countries are backed by the US dollar. Before 1971, the dollar was backed by gold. But since the amount of gold is limited, and USA had a great amount of debts to pay for fighting wars and rebuilding the destruction afterwards, the USA adopted petroleum as the commodity to back the dollar. There is more petroleum to be found than gold and mining for it is much more complicated than mining for gold. As petroleum is used for plastics and for energy, it has a much higher supply and demand than there is for gold bars sitting in vaults. All countries eventually agreed to buy and sell petroleum exclusively in dollars. In return, the US government promised to help develop, mine and protect the oil fields. Because of the unprecedented opportunity to create unprecedented wealth, unprecedented greed created unprecedented debt. With the "too big to fail" mentality and the fear of the "too big" failing, the poor and small have been getting poorer and smaller and the rich and big have been getting richer and bigger.
Unfortunately most of the people have not even heard of Bitcoin because it is not in the interest of the elite for people to think and consider it. Unfortunately, most who have heard of Bitcoin are brainwashed by the mass media to be skeptical and to believe that it is a scam to rob them of the little money they have. They are told that Bitcoins are not worth anything because they are not backed by anything and not regulated by any governments. People fail to realize that Bitcoins are backed by value and regulated by protocol.
Value is created by people and it is not intrinsic to anything except ideas, opinions, desires, needs, hope and trust. The few early adopters of Bitcoin value it greatly as is shown by its dramatic rise in exchange rates. In Bitcoin`s 4 year life, its value has risen from $0.05 USD to over $1000.00 USD. The early adopters do not trust the greedy banksters and corrupt politicians and prefer to have a decentralized system that allows cheaper, faster and easier transactions. They value it for the anonymous and secure store of value that Bitcoin offers. They resent the wars that are fought to support the debt base creation of conventional money. They value the advantages of an alternate digital currency just like they value the advantages of digital technology in their typewriters, copiers, watches, audio and video players, modems and phones. One of the greatest advantages to Bitcoin in my opinion is the promise of getting money out of the control of greedy banksters and corrupt politicians.
Unfortunately, people are too brainwashed, too afraid, too stupid, and think they know too much and do not know the power they have to rock the boat. And most people are addicted to the little money they have and are enslaved by it like addicts are enslaved by drugs. Despite the promise of Bitcoin to free them from this enslavement, most are too afraid to jump on the Bitcoin bandwagon. Sadly, unless the sleeping people wake up in time, the banksters and politicians will eventually jump on this bandwagon and change its course to the direction they want it to go. The first thing they will change is the creation mechanism of Bitcoins so that they could create as many of them as they need to fight wars and fill their pockets. They will impose the high handling costs of transactions that everyone is so used to. And the duped public will thank them and feel "safe".
On Tuesday, December 3, 2013 9:50:42 AM UTC+1, Allan Heretic wrote:
Andrew I don't I am brainwashed more that able to think for myself. I see no stabilizing factors unless greed is a stabilizing factor.
Have fun losing all the bitcoin you invested in.
Maybe I will create a wallet and insert 8,000,000.-- bitcoin in it. Then I will sell them to you. 50% discount.
Matrix : Soul controls mind.
( : Do No Harm
[_D Allan H
-----Original Message-----
From: andrew vecsey <andrew...@gmail.com>
To: mind...@googlegroups.com
Sent: Tue, 03 Dec 2013 9:02 AM
Subject: Re: Mind's Eye Re: BitcoinUnfortunately, people are too brainwashed, too addicted to money, too afraid, too stupid, and think they know too much to know their true power.--
On Sunday, December 1, 2013 9:01:29 PM UTC+1, Allan Heretic wrote:Bwankers is a great word for bit coins Molly and Don it was dutch tulips.. And that is an interesting economic period in the Netherlands. Tulips did have real value and still do to this day. We go fir drives just to see the crops.
The eccomic problems came from choices of tulips precisely which tulips. The most sought after were the ones with flaming stripes, they were highly prized. There in lies the problem. That flaming is caused by a deadly virus that could ravages entire fields and crops.
Poor choices made in ignorance an example of fools and their money soon parting.
Matrix : Soul controls mind.
( : Do No Harm
[_D Allan H
-----Original Message-----
From: Molly <moll...@gmail.com>
To: mind...@googlegroups.com
Sent: Sun, 01 Dec 2013 8:01 PM
Subject: Re: Mind's Eye Re: BitcoinBwankers--
On Sunday, December 1, 2013 10:53:49 AM UTC-5, Don Johnson wrote:"Has anything in the past gone up in value so fast?"
Why, yes. I recall reading about some Danish tulip bulbs in the 17th century...
Forgive me if I don't jump on this Bitcoin bandwagon. Even at their current inflated prices I think actual gold and silver are the smarter alternate forms of currency to the dollar or Euro. I would hesitate to store them in bank safe-deposits, however, as my country has an unfortunate history of raiding private boxes for precious metals. Executive Order 6102. Those Bastards...dj
On Wed, Nov 27, 2013 at 8:21 AM, andrew vecsey <andrew...@gmail.com> wrote:
Dear members.
I am happy to see that we seem to be back to our normal running mode.
I was shocked to see that Bitcoin is at present trading for 1 BTC = $890.00. 3 years ago it traded for 1 BTC = $0.05.
What do you make of that? Has anything in the past gone up in value so fast? Does it point to the eventual demise of the dollar? Is it because people are hording it? Is it because of the world situation with some countries trying to get off the dollar and the petro dollar as the world currency? Is it because the BTC has such promise to break away from the control of the banksters? Does anyone in this group use Bitcoin? Other than buying drugs and giving donations, I do not see much use for it in Switzerland. Nor is it well known here. I hear that in other countries, it is used for buying more things.
I made an addition to my previous video "Bitcoin - Simplified" called "Bitcoin wallets". I invite you to watch it and comment on it.
The link to my video is below:
https://www.youtube.com/watch?v=_uwWbDW249I&feature=c4- overview&list= UU9rOAPUfZe3KEja0vvFpe_A
The text for those that prefer text only is below.
Bitcoin wallets
In order to send and receive Bitcoin (BTC), a BTC wallet must be used. Each wallet acts like a letterbox, having a public address so that anyone can send and insert Bitcoins into it and a private key to access, remove or send any of the Bitcoins it holds. BTCn addresses and private keys are strings of numbers and letters like "
175tWpb8K1S7NmH4Zx6rewF9WQrcZv 245W" or QR matrix bar codes of the strings. A BTC wallet is a free open source program called a "BTC client" that generates public addresses and private keys. They come in a variety of forms, from mobile wallet apps for mobile devices, software wallets like "Multibit" for computers and web wallets available at sites like www.blockchain.info or www.coinbase.com. Just like email, all wallets can interoperate with each other. Mobile wallets allow you to bring Bitcoin with you in your pocket. You can exchange coins easily and pay in physical stores by scanning a QR code or using Near Field Communication Technology (NFC) for "tap to pay" ease. Software wallets are installed on your computer. They give you complete control over your wallet. You are responsible for protecting your money and doing backups. Web wallets allow you to use Bitcoin anywhere with less effort to protect your wallet. However, you must choose your web wallet with care as they host your Bitcoins. The public addresses and private keys of wallets can be stored on a memory stick or printed out on paper so that the wallet can be recovered if the phones or computers fail or get lost, or the web sites are shut down.
Once you have a BTC wallet, there are 2 ways to fill it with Bitcoins; mining and buying. Mining involves running a BTC Mining program on your computer that records all BTC transactions in the BTC peer to peer (P2P) network. Your computer becomes a bookkeeper that keeps a ledger of all transactions that are relayed to you and that you relay to every other BTC miner. At the same time each miner works on solving a very difficult puzzle that can only be solved heuristically by trying various solutions at rarndom. Like a lottery, someone has to eventually hit on the solution by chance. If you are the first to solve this puzzle, then the ledger of the transactions you recorded must be accepted by every other miner and you get rewarded with new Bitcoins generated. This can be compared to mining for gold and being lucky to find some. An easier and much quicker way to acquire Bitcoins is buying some. You must register at a commercial Bitcoin exchange, like www.bitcoin.de, www.bitstamp.net, or www.mtGox.com where you can send a money transfer from your bank to buy or sell Bitcoins.
Bitcoins are traded on the free markets. 3 years ago, 1 BTC was worth $0.05 USD. At present, Nov 26 2013, 1 BTC is worth $890.00. To keep your Bitcoins safe, spread them out over different wallets by generating a new wallet for each transaction. If you have your wallet stored on your computer or mobile phone, make sure to keep the software up-to-date. Follow general internet safety protocols like not downloading anything you don't trust, using a virus checker, and choosing passwords that are at least 13 characters long with a mixture of upper and lower case letters, numbers and symbols. Always create a paper wallet - a paper print out of your wallet`s address and private key. If you lose your private key, you will not be able to access your Bitcoins and will lose them. If you lose your public key, you will not be able to receive any Bitcoins. Treat the print out of your wallet just like cash - if your BTC wallet contains a great deal of Bitcoins, then keep your print out in a fireproof safe or a bank security box.
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