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Bitcoins And Unicorns: The Digital Currency Lands On The Cover Of BusinessWeek
First Janet Yellen makes the cover of Time, and concurrently so as not to be left behind, Businesweek, well-known for its suggestive covers (housing, hedge fund managers, the Tea Party), has posted an even more provocative creature on its own cover: a Unicorn - one which is supposed to symbolize, you guessed it, Bitcoins - and serves as the anchor for the Bloomberg-owned magazine's extensive profile of the digital currency, with the following teaser: "Why are investors so crazy for an alterantive currency invented by a phantom?"
And as it has done in the past, BW walks readers through the cover creation process:
So, is everyone paying attention yet?
From the BusinessWeek article, which despite the bombastic rhetoric is mostly focused on the topic of Bitcoin Mining, something we covered last month:
Bitcoin is the digital currency that thrills nerds, inspires libertarians, and incites the passions of economists who debate the value of money made from nothing but ones and zeroes. Devotees watch the fluctuations of Bitcoin’s price with a fanaticism typically reserved for college football scores. Alternative currency startups are being lavishly funded by venture capitalists while visionaries gush about the world-changing possibilities of money free from government control. Silicon Valley is the natural center for Bitcoin mania. An advocacy group named Arisebitcoin recently put up 40 billboards around the Bay Area with messages such as: “The Revolution has started … where do you stand?”
As with an actual precious metal, Bitcoins are in limited supply—they must be “mined.” Unlike with precious metals, this mining is done purely by computer. Miners set their machines to run a series of complex calculations that tally up and certify all the transactions of other Bitcoin holders around the world. If the miner’s computers complete these calculations and solve a complex mathematical puzzle before anyone else, he earns about 25 Bitcoins as payment. It’s a nice haul: With the price of each Bitcoin nosing up near $1,000, that’s $25,000 for 10 minutes or so of work. For the moment at least, miners are the rare grunts who can also get rich.
* * *
Even some Bitcoin entrepreneurs think mining has become a sucker’s game. Fred Ehrsam is a former Goldman Sachs trader and co-founder of Coinbase, a Bitcoin startup making wallet software that allows people to trade and store Bitcoins, and which recently raised $25 million in venture capital. Ehrsam is committed to Bitcoin but pessimistic about underfunded prospectors making any money. “This is very much a fad that is going to die soon, if it’s not even dead already,” he says. But that’s not the same as saying individual mining will end. He suggests that the next generation of miners might run their computers for ideological purposes—to support the currency and be a disruptive force in global finance—even if doing so has become unprofitable.
.
“Mining was supposed to be a democratized thing, but it’s now only accessible to the elite of the elites,” says Chris Larsen, CEO of Ripple Labs, which has introduced a virtual currency called Ripple. It’s similar to Bitcoin but without the mining. (The company gradually hands out increments of the currency to supporters.) “Hordes of brilliant engineers are raising money for mining equipment that regular folks can’t compete with,” Larsen says.
For idealists not swimming in startup capital, it’s still possible to join the Bitcoin rush, mostly by adding power to a distributed array of processors. Craigslist is full of miners selling their old rigs, and there are peripherals that cost about $250—they look like USB thumb drives, plug into standard PCs, and are mostly ineffective. Online calculator sites like BitcoinX let prospective miners enter processor speed, current Bitcoin exchange rate, electricity costs, and other variables to figure out whether their investment makes any financial sense. Most of these calculators suggest that even miners with older, specialized Bitcoin machines can still make a little money as long as the price for a Bitcoin is above $700. Members of mining groups are rewarded according to the amount of work they contribute.
And, of course, there are computer viruses spread by Yahoo ads, converting witless users' computers into Bitcoin mining slaves as we described yesterday.
Read the full BusinessWeek article here.
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Dinosaur media.
Why should those of us who have been talking about Bitcoin for years care what these mockingbird jackasses say? Let them become extinct.
The Bitcoin Channel
extinct
like S#ITCOIN...................will be
Wow.... are you in fifth grade?
wanna banana?
do something crazy and you get one...
In other news...the 75%-off sale on gold and silver has been extended through the end of 2014
"Bank of America Merrill Lynch slashes gold call to $1,150 and warns it could get uglier"
http://blogs.marketwatch.com/thetell/2014/01/09/bank-of-america-merrill-...
Awesome. Good to be optimistic.
Mainstream currencies invented by oligarchs in secret meetings designed to siphon the wealth of a nation from the working class into their pockets is much better .....
Everyone go out and get some Coinye today! This is great (and hilarious) because it exemplifies how well your "laws" scale to the global internet.
Coinye West going live TODAY!!
http://coinyeco.in/
New year... still waiting for the same reply though.
@fonestar
while shilling for Bitcoin takes a lot of time, I can't help but ask why you continue to apparently believe the fallacy that
"crypto-currency" or "virtual currency" EQUALS Bitcoin.
Bitcoin is AN example of those things, they are not it. You straw man the idea that virtual/crypto-currencies are here to stay, which is true, and then fallaciously follow up with Bitcoin is here to stay.
The single claim I have seen you or anyone make as to why this should be the case, is "first adopter" status, and that is a VERY weak reason to not turn paper profits into real ones by cashing out. If the powers that be, (as you supposedly think you are opposing with BTC), choose to create an officially sanctioned, properly supported, fully-convertible "crypto-currency" that is equivalent to legal tender, their USCoin would wipe BTC out in a day.
Don't fool yourself to think privacy, anonymity, fighting fiat, or any other nonsesnse would stop it. What people are chasing with BTC is easy money, that's why shoeshine boys are telling me about how their buddy set up a mining rig, and why LTC et al see growth as people chase the next e-Coin with a lower entry margin.
BTC is 50% penny stock, and 50% commodity (virtual commodity) and 0% currency. It can and will be vaporized, either by a far more convertible official alternative, or by advancing technology leading to its undoing. It will never reach "a million dollars" and it is completely driven by speculators and controlled by the 20%ers.
Feel free to shill some FUD in response, I'm all ears, and you've just been....refer to ID-name ;)
I'll try
1. You under estimate the "first adopter" advantage Bitcoin holds with regards to it's long term survival
2. You are looking at Bitcoin as what it is today instead of what someone else will figure out to do with it later (if I were Western Union I would be very worried)
3. When you apply nominal pricing increases thinking to Bitcoin you need to think of it, not as how high can bitcoin go, but how low are all the central bank currencies going to go ? Not just the Dollar, but all currencies, since bitcoin operates on a global supply/demand basis.
Right now Bitcoin is a penny stock bubble mess due to the concentration of bitcoin to just a few people with even fewer trading them back and forth on a daily basis ... that will settle down over time, as more demand will dilute bitcoin holdings to more and more people making each transaction in bitcoin smaller and consequently driving up the purchasing power of the remaining bitcoins
I'm not going to bother re-answering the same stupid questions (that aren't questions, more like FUD) 1000 times over. But thank-you Stackers.
It's funny to see Dinosaur media trot out such obvious hit pieces on Bitcoin. So much for the shill's claims that TPTB are supportive of Bitcoin. Another ditz reporter purposely mis-pronounced Bitcoin "BitCon" on air as well. I guess the folks at Bloomberg, CNBC, Forbes, etc think they are still relative somehow? Just too funny.....
"Why are investors so crazy for an alterantive currency invented by a phantom?"
Precious..
Because they have lost confidence in the Phantom Fiat of the Fed.
All that printing goes to a dark place.
Dinosaur media learning the hard way they don't have much currency on the interwebs.
Dinosaur media learning the hard way they don't have much currency on the interwebs.
Well, considering almost every other article on zh is commentary about something on bloomberg...
That said, I would take the fact that btc has got so much coverage as a good thing, negative or not. If it was positive coverage I'd actually worry a lot more.
Can't help but love that unicorn cover too..
"Dude!, I don't wanna sound queer or nuthin.. but I think Unicorns are kick ass!" Orgazmo
All this tells me is that The Vampire Squid is bullish on Bitcoin. When the Vampire Squid sells the headlines will tell you to buy.
you cant re-answer what you havent answered once, only fud is from you
You're a jackass.
I'll answer your questions with a question. Why is there only one Twitter, or Facebook? Dope.
For extra credit, see if you can answer this. If BitCoin pulls a MySpace, what do you think might happen next?
I'm just wondering if Bitcoin will go down in history as the system that worked too well?
Too well??? It seems that you'd need access to technology to access Bitcoin. This puts a lot of people across the globe SOL if Bitcoin were to ever be a universal currency. It's actually a currency that favors the 1%. If you can limit access to technology or technological improvements and the ability to mine Bitcoins, you can put a lot of the world's citizens out on their ass by making Bitcoin the New World Currency.
I've often thought how brilliant it would be of the intelligence community to usher in a new idea under the guise of being a "conspiracy" or "revolutionary." Bitcoin fucks anyone who can't maintain or obtain technological access to participate in utilizing the currency.
Putting aside for a moment all the Java and Android backdoors and exploits, cellphones allow people in Africa in places that do not have a power grid to transact with bitcoin. The poorest people in the world with the least technology are already able to, and in some cases are, using bitcoin. Hopefully, a secure OS will come out for cell phones, since that's the weak link right now.
No power grid, how the fuck do they charge their phones?
A secure OS is meaningless. Secure hardware is the problem. Even if you somehow manage to pick a device that is not trojaned at the factory then they can just backdoor you via the Fedex guy.
If it is virtual, it ain't secure. Period.
That's like saying TCP/IP is going to pull a MySpace , Bitcoin is a Protocol , yes it can be copied , but so can TCP/IP , however TCP/IP has first mover status , just like Bitcoin has first mover status.
No, it's more like saying IPX/SPX would never be replaced. TCP/IP replaced that. IP6 is slated to be next. Protocols change.
I'll buy a bitcoin after someone can produce the author and prove that the NSA (or any other agency) has no means to do anything useful (for them) with bitcoin. Until then, I will leave it to people of faith to believe in the fairy tale.
Calling Bullshit - IPX/SPX was a Novell Xerox protocol designed for local network Typing Pools and printers , it was never designed for global P2P file transfer . TCP/IP never suceeded IPX/SPX it was designed from day one to be a globalised protocol just like BTC. IPv4 runs parallel to IPv6 since the 90's when some engineers thought they would run out of IP addresses , so then somebody thought up NAT anyway , so no comparison here ,.
Try again.
Let's hear it from the man who pays someone to shine his shoes. I'm on to you TruthHammer. I'm on to you.
https://pathofmusashi.wordpress.com/2014/01/09/the-ten-commandments/
Haha what a moron you are! You think an "officially sanctioned" USCoin would wipe out Bitcoin you tool? The fact that it's "officially sanctioned" would mean nobody would want it and it would be worthless.
Yes, just like nobody wants USD, which makes it absolutely worthless.
It's on its way there. The way I see it the sheeple are useful idiots. They don't understand anything and they certainly don't understand why it's in their best interest to use BTC and not dollars. So they provide a certain degree of friction, allowing virtual people like myself more time to accumulate more BTC.
Sheeple are scared into submission, and any remaining rebellious thought is being eliminated by governments schools, mass media programming and consumerism (makes the sheeple happy).
To the Sheeple of the World:
Cast of the chains of mental incompetence. On a long enough timeline the survival rate for everyone drops to zero. Be saved by the true savior, Tyler Durden. Be welcomed into eternal salvation. Save yourselves!
https://pathofmusashi.wordpress.com/2014/01/09/the-ten-commandments/
You never chose to "want" the dollar. Much like you never voluntarily agreed to "pay taxes" or pay into "social security plans"...
Or do you remember the time you "signed that contract"?
You were just born into it, and forced to adapt by your surroundings.
It's statism. Your money is controlled by statism.
Some say that statism it's the biggest mass stockholm syndrom ever.
People accept the USD because they are scared into submission.
If they were real proud free men, they wouldn't put up with this.
Excellent points margaris! The state is just a monopoly on violence and Bitcoin is here as a beacon of hope in a dark world.
Gloss right over its deep NSA design heritage.
Bitcoin has no "heritage" with the NSA. Are you a Chris Duane conspiratard fan or something? Most internet protocols do have roots in the military and intelligence agencies. The internet itself is a product of DARPA.
Unicorn + Bitcoin = Unicoin
As soon as Wall Street and the FED are behind it, it will be as foolproof as the $SPX.
Boris is consider investment in stamp press and is make own token coin but not in USS of A because awesome power of state is exercise against all but bankster.
How do I use Bitcoins when there is no power or internet?
How will You transfer your gold through The coming military checkpoints?
Is there an offline/off-grid method of processing Bitcoins for their value or is it dependent on the internet and electricity?
It's a real question, can you answer it?
https://www.google.com/search?q=bitcoin+paper+wallet+tutorial
In other news: MY PANDA SILVERCOINS FROM 2007 ARE SELLING FOR OVER 100$ ON EBAY! I HAVE A SHITLOAD OF THEM WHICH I BOUGHT AT 21!
Panda is only glorify black and white spot RACCOON! Made is in China.
Lets just be clear what mining really is...
'Mining' is the extraction of valuable minerals or other geological materials from the earth from an orebody, lode, vein, seam, or reef, which forms the mineralized package of economic interest to the miner.
Um... yeah, kinda like how "farming" used to be about removing vegetables from crapped on dirt fields right?
Thank God for the information age.
this is officially your dumbest remark.
So once you remove the BTC logo, the word 'mining' and the word 'coin', what exactly are you left with?
Sheila says don't call it 'mining' lets be a littlie more politically correct and call it 'a transitional extraction project'.
"this is officially your dumbest remark."
this is officially your dumbest remark........so far.
FIFY
So you eat printed circuit boards, do you?
They're OK with mustard
I take a byte of whatever's available.
Yeah, but iPads are the main course!
Bitcoin + Unicorn = Bitcorn.
The Native American varieties are MUCH more colorful than the Monsanto ones.
Plus, you can play blackjack AND pay for dinner at the buffet.
Oh helz yea! Ever since, I've been eating electrons exclusively and crapping binary code!
What is the difference between gold mining and Bitcoin mining?
It's like the difference between sex and masturbation.
Best comment of the thread!
DaddyO
Gold mining is like rape, because it's the environment and population in poor peoples countries that is being raped, resulting in much trauma and destruction.
Bitcoin mining is like an open swinger fuckfest, cause everyone is cordially invited to voluntarily participate in the world's biggest ever known swinger fuckfest, resulting in much love and friendship with like-minded people.
So really it's like the difference between rape and love.
There is much love in bitcoin, except from the hating haters ofcourses.
Gold mining creates victims.
But many natural resources have to be expended to provide you your power to "mine" bitcoins. Oh and the equipment in computers still relies on elements mined from the earth in poor countries.
I've been inside gold mines. The guys are always pissed off because they're tired, covered in dirt and worried about who their wives are sleeping with while they're gone for months at a time. Then a lot of them get lung cancer and other diseases in their 40's.
With real Bitcoin mining (and more lately scrypt based coins) you don't have to do any of that.
Wow are you a dumbass. You just gave a valid reason as to why bitcoin is crap. Hard work and taking risks rewards you with gold. Sitting around with your thumb up your ass and talking shit gets you bitcoin. Makes it pretty clear.
How is Bitcoin crap? I bet you could setup an advanced ASIC mining kit in an afternoon hey? Heck, you could probably even code your own SHA-256 coin within a week. Face it, people have switched to virtual mining and virtual farming because it is safer and easier. Those who choose to remain working in physical gold mines get paid the big (paper) bucks because they are basically killing themselves.
...and isn't it funny how those who sit around with their thumbs up their ass always wind up better off than the dullards moaning, groaning and bitching about how life is so unfair for them and their "hard work"?
Pretty sure it doesn't, just as the last Russian Tsar, House of Bourbon, etc, etc
Look, fonestar & toolshed... you're both being selective and biased toward your own "favorite child". Neither child is "innocent"... I really "like" gold, and don't mind BTC.
But when it comes to knowing the true implications and consequences -- the FULL cost of Au and Ag mining -- I have NO illusions. Unlike many of our ZH 'friends', who choose to practice "Ostrich politics" when it comes to the dark side of PM mining+processing. Gold and Silver mining+processing is a FILTHY+TOXIC business (that uses Mercury etc), which has disastrous and lasting consequences to people and the environment.
But then, if we're equally honest about how our hi-tech toys (computer/electronic components) and weapons are made, or about oil fracking -- and the cocktail of super toxic substances they use, create or leave for disposal -- it is NO different either. Your BTC-ming PC wasn't exactly made in an organic garden or "eco-friendly environment", if we're honest about EVERYTHING: Gold, Silver, Computers, Bitcoins, iToys and all CE (Consumer Electronics).
Unless we want the world of the 1700s or early 1800s, the impact that ore mining+processing has on the Environment is huge, catastrophic and lasting. But it can be mitigated -- if we adopt equally hi-tech, costly and innovative ways of preventing said damage to the air, soil and groundwater. But then you'd have the fanatics and middle-men screaming about "unacceptable cost". They deem such costs as "unacceptable" because they impact their juicy profit margins.
These fucking hypocrites (Brokers & Traders) scream blue murder when it comes to the livelihood of the Producers (i.e., cost+profit for mining+processing+pollution_control), but always have a slick, slimy story for why big margins are needed for them. It's the same old game, same old con: Knowing "What the Market will bear", the (downstream) distribution & sales channels always put the boa-squeeze on the (upstream) Producers. These fuckers know how to "extract value from the Supply Chain" (codeword for "screw their upstream links"). When you have the "decoder ring" for their BS and lingo, it is much easier to get the real picture (after you strip away the BS & posturing, noise & distractions of lobbying and salesmanship).
And if you think that the margins are excessive for retail PM Jewelry, you should look into the phoney and obscene margins for diamonds. Which is why only a diamond cartel (of a closely-knit culture/clan) can demand the insane prices they get. But that's another topic, for another time.
@CH1
no 5th grade in UK
What grade in the US............do they teach about PONZI schemes?
Or did you skip that class with the girl who said "you can look at mine, if you show me yours"?
Skittle and Unicorn,...
Sticking with Gold, Silver, Lead and more all, COPPER!
I'll embrace bitcoin when ALL of the population of China and India are willing to trade ALL of their gold for bitcoin. that would be when HELL FREEZES OVER!
Why would they do that? BitCoin and gold both have useful, but very different, roles to play.
You would never trade ALL of one for ALL of the other. Smart people will want some of both.
B BONZAI They would not do that...that is my point. Smart people would not trade even part of their gold for a crypto-currency either. That's why they are SMART people.
Exactly. Smart investors always buy what nobody wants (yet).
And sell later down the road to everybody late to the game.
Something in the human psyche: people only make a move when they see everyone else make a move. ---> Lemmings.
Only a total moron would think virtual currencies are going away.
Like the dollar?
DaddyO
The dollar is a nationalist digital currency that is going away.
Only a delusional anarchist thinks that states are going away.
No offense is to delusional people or anarchist, but awesome power of state is end no time soon. Tyranny is permanent fixture of human condition, at least when skittle flavor muppet and distraction citizenry is perpetually uncurious and compliant.
They might not go away but they will be reigned in by people using virtual P2P currency.
Do you think, that the world keeps on fools?
Well, they won't go away without a fight, that's for sure.
But you might want to read a history book. The modern nation-state is only about 500 years old. The nature of human relations is that they evolve. We evolved into the modern nation-state, and sooner or later (almost certainly sooner) we're going to evolve out of it.
There are some who would like to see us evolve into a single world superstate, but it's pretty clear that isn't working very well. Doesn't mean those that want to see this won't keep trying; they are obstinate megalomaniacs, after all.
I'm betting it's going to go the other way.
Or is DEvolve. D-E-V-O!
"Are we not men?"
IMO the US will be 'balkanized'. Split into 3 or more seperate autonomous regions, Texas and the South, the Northeast Megalopolis, California, the Pacific Northwest (no one is going to want to be a part of the same country as Cali)...
Virtual currency is not go away! Is increase mo-ar and mo-ar, 100000x!
...before it crash and burn
Like Thelma and Louise. Boris forget who is drive 1966 Blue Thunderbird Convertible.
that's just a virtual remark...
or is bitcoin mark of the beast...?
.
I can't wait until 'they' attach a computer monitor to my forehead...(sarc)
No, but if you take the bitcoin-bitch home in Washington State, its a FELONY.
http://blog.petcarerx.com/wp-content/uploads/2013/10/Pitbull-Unicorn-300...
She is a beast, but in fonestars eye's she is a beauty.
How dare you take a username like that to defame Satoshi.
Who it is Satoshi? Satoshi - it is a saint? Or Satoshi - it is a pseudonym of some sinner who wants to hide his real name?
Satoshi like Johntwelvehawks, is a John Galt of the modern world. Fountain of youth BitcheZ!
https://pathofmusashi.wordpress.com/2014/01/09/the-ten-commandments/
I didn't realize you were such a fan of progressive house music www.youtube.com/watch?v=gaI4TxZykSw
"or is bitcoin mark of the beast...?"
THAT is really the only problem I have with BitCoin. The reason the Feds and their bankster friends are letting BitCoin run is they would love to hijack it and transform it into the Mark of the Beast. They are smart enough to let the free market do the heavy lifting for now. You can bet your last fiat dollar that there are some Satan-worshipping baby-eaters working hard trying to figure out a plan to capture BitCoin, and the proper timing to implement such a plan.
Will they succeed?
You need to crank up your cynicism a notch. Satoshi is obviously a myth, to cover for a team of at least 3 that worked on Bitcoin originally, and of course between the three of them, I'm sure the NSA links would have been strong, hence... Satoshi's invention.
My boss is a Japanese cryptographer.
I'm surprised. I was convinced that your boss is your attending physician.
Meh. I'm as cynical as it gets, but like any bureaucracy, the NSA is not about innovation, it's about brute force. All the research they did about crypto currencies was centered around a bank-mediated model-- exactly as you'd expect. They are sneaky little shits but they have all the creative imagination of a housefly.
The myth of "Satoshi" is one of the main reasons I'm skeptical about bitcoin, because it is so transparently bullshit. Some reclusive genius who came up with a cryptocurrency that will shake the world. It's a meme that is designed to appeal to cybernerds, anarchists, Fed-haters, and preppers. I'm not buying that story and haven't heard a single, rational reason why "Satoshi" wouldn't make himself known.
So your employers don't suicide him, moron.
Yes, how convenient and heroic. I love how paranoid dupes always have an unprovable explanation for the logical inconsistencies of their world view. The reality is that "Satoshi" would be a superstar with endless speaking tours, book opportunities, CNBC appearances, etc. Why wouldn't he want to cash in, especially since at the moment bitcoin is tolerated, even encouraged, by TPTB.
Transparency is bankster worse fear. Re-hypothecation is bankster best tool. If bitcoin is unique and cannot print mo-ar, then is useless to fictional reserve banking which is modus operandi of bankster class. There is no game in Bitcoin, thus is without usefulness to bankster. Just like gold, is doom for make relic.
Wrong, can make useless by increasing volatility. Buy week 1, sell week 2.
Also have already started ETFs re Bitcoins.
Soon will be exactly like Gold/Silver, with paper tail wagging dog, and huge nonsense trades by some huge, non profit seeking entity.
Well, a man's gotta know his limitations, fonestar.....
@fonestar
Only a total moron would think S#ITCOIN is here to stay.
We donot live in a free world and if you think GOV is going to give it's people a virtual currency thay have no control over ..........it's you who is the moron!
We have virtual currency now...........on computer screens all over the world
Fart Nose is clued out...
They wont go away until they sign the TPP agreement and take centralized control over the internet and add their kill switch. You might still have your wallet but gaining access will be a bitch
Oh, its not going away, BitCoin was created as a Trial Balloon by FED Reserve w/ USA approval. Evidence?
Unless you can produce Satoshi Nakamoto, the 'inventor' might as well be the Federal Reserve.
Every transaction traceable? This is Govt's Wet Dream! Senario, they let BitCoin gain traction, feed the MSM the 'shape' they need to project with the sheep, Then...
Make BitCoin a Crime, same time introduce the "sanactioned" BitCoin.
Think On-Line Poker, same outline of implementation was pioneered here, just watch, taxable on-line Poker will be up and legal in less than 18 months world-wide
People like you shouldn't bother commenting. Bitcoin is a distributed ledger system so of course transactions are traceable. Transactions are not people and only a total amatuer could not seperate himself from his transactions on the Blockchain. Just shut up and go away.
How many present users have done so? To totally separate himself from his transactions is actually quite difficult.
Every day there is evidence of that via emails and such that people once thought were secure. The NSA is pretty good at holding huge data till they figure the addresses out.
Look up BitCoinFog. Anonymity is a lifestyle - www.bitcoinfog.com
https://pathofmusashi.wordpress.com/2014/01/09/the-ten-commandments/
Basics are useful, but it needs to be applied to the computer world in general and bitcoining specifically. Otherwise it is as stupid as spouting some fight-club rule.
Thanks for the input. I'll work on it.
here is my 1st bitcoin post:
https://pathofmusashi.wordpress.com/2014/01/07/banking-for-bums-and-husl...
Interesting. Not sure I understand. I do not think that you cannot just open bank accounts without a series of docs. This applies to real banks and more so to virtual banks. Part of the "Know your customer" banking laws.
i can vouch for the method.
I'll post something more detailed soon
Why would someone play taxable poker when they could play the same game tax-free?
https://pathofmusashi.wordpress.com/2014/01/09/the-ten-commandments/
So Brandon's article the other day was spot on?
If this whole BTC scenario is not an op of the bankster's and NSA to MOPE and install a digital currency, I'll kiss Gen. Alexander's butt.
It all just has the feel of the invisible hand, wouldn't you say?
DaddyO
It all just has the feel of the invisible hand, wouldn't you say?
LOL... Yes, the evil overlords are all-powerful! They know everything, control everything, they see the future and co-opt it before it can begin!
Give up all hope, the overlords are GOD!!!
...
The overlords are overrated dicks. If they were so smart they would have killed BTC in 2009, before the world saw that crypto-currencies work.
have you not been paying attention to how the world has been run the past 2000 years or so? babylon's bankers are always one step ahead. NSA-coin aka bitcoin is no exception.
babylon's bankers are always one step ahead.
Then just lay down and die.
I've met banksters, and they are not gods. The problem is that people take them seriously.
+1000
you beat them by not playing their game. you play their game you lose. bitcoin is their toy, play and lose.
If it makes ya feel better, keep using those dollars the banks give ya. bye.
your choices are limited to bitcoin or dollars? they need a digital type currency, the dollar is dying. this is a time of great opportunity to inflict serious damage to the banksters. but you don't do that by jumping on board to their new enslavement tool.
Bitcoin has nothing to do with the Banksters and I have continually asked people to provide any evidence of such a conspiracy. Of course they can't do it because there is nothing there.
Provide us with evidence that the NSA guys are not laughing their asses off at your idiotic posts.
Fake libertarians have a love affair with paper rectangles. They think they're going to elect some 'tard who is going to make them redeemable for shiny metals. That's how fucking stupid they are.
'I've met banksters, and they are not gods.'
.
However CH1, they think they are...and they believe its their divine right to rule over us...
.
Sun worshippers.
Black Sun worshipers
Corrected.
BLOTTO Your post indicates you are capable of illuminated thought. My fear is the half-wits will cheerlead us into crypto-currency hell where there is no going back. Kontrol will be brutal.
Blotto, it would appear that CH1 and Nihilist Cipher are the same person using 2 accounts to give the appearance that at least one other reader shares their opinion. How very, very sad and funny at the same time.
toolshed We are on the same team, see my post below. CH1's post was 2 hours and a dozen comments prior...just confused me who you were talking to.
No problem. I have made the same mistake.
"Then just lay down and die."
Or do something that really works against them like, I don't know, exchange your worthless fiat for something that exists in the real world and locks up a genuine asset that is widely used as collateral:GOLD. On the other hand you can keep spewing nonsense and continue to be an unknowing tool of TPTB. Your choice.
Toolshed Tool is your name, not mine. I have done something that really works against them, I moved all of my money out of paper anything and into hard assets of various kinds. I will only keep in the bank just the amount I need in USD to cover my personal expenses. If all sheep quit playing they would no longer have the power to gang f#$k the sheep. Offer up some examples of moving worthless fiat out of their control and be helpful Mr Tool.
"Tool is your name, not mine."
Maybe you should change your screen name to something more appropriate like - Dullest Tool in the Shed. Apparently, reading comprehension is not your forte. I have done the same things which you describe. I did give an example of moving worthless fiat out of their control. And, in fact, my comment was directed at CH1's prior comment - notice the quotation. Get a clue.
PS: Or is CH1 and NC the same user with 2 accounts and the heated bitcoin debate caused an oopsie?
toolshed Looking at time stamp I thought you were rattling My chain. Ch1 is a bitcoin brat pack member with which I take offense to your attempted connection. Sorry for missing your intentions.
My sincerest apologies for being mistaken about your having an affiliation with CH1. No hard feelings.
@toolshed Thanks, no problem.
Yes, these elite illuminati Baphomet worshiping shmucks really have about the same grasp and comprehension of Bitcoin as the MUH SHINEE METALS crew.
think about it. they enslaved most of the planet with fiat currencies, and have totally rigged most markets... but they can't handle a digital currency?
No, I believe in P2P networking they have finally met their match.
Yeah, just like with napster. Idiot.
Napster was not P2P you freaking moron.
Ummmm......unless you do not mean peer to peer by your P2P abbreviation, then you need to think again. Napster was indeed peer to peer.
The complete control of the world population has to fall under the digital currency to work.
We are seeing this played out daily in the news cycle, all you have to do is wake up to the fact that there is an all out push to digitize everything related to your daily life.
Every country is moving forward in this effort from law enforcement to banking.
Red light cameras anyone?
Debit/EBT/Credit cards anyone?
Online transactions are a wet dream of these bastards, everything tracked and all taxes paid!
Want to marginalize your enemies? What better way than to shut off their access to digital currencies.
It's coming whether you believe or not...
DaddyO
something big is coming, that is for certain. they are not unopposed. this is going to be an interesting year.
"The complete control of the world population has to fall under the digital currency to work."
Hey, wake up. 99.99% of all the dollars created are virtual and electronic. ACH and SWIFT are their electronic transaction systems. They ALREADY HAVE a digital currency system that has enslaved the world.
Why on earth would they give that up for a cryptocurrency system????
Wake up people!!!
Sorry BB, but the daily lives of russians or belgians or japanese do not revolve around the $.
Their governments use said dollars some of the time but more and more, theses same .govs are building trading relationships outside the dollar hegemony.
Its collapse and replacement is certain, hedge accordingly.
DaddyO