In my opinion, only simple bartering remains the solution to all currency issues.  It places importance primarily on the process of exchange, not on the products or a currency and thus facilitates healthy person-to-person communication.  I think civilization had it right to begin with and then currency came along and jacked the whole thing up (e.g. paper money is not important to me, but it's important to everyone else, so THEN it becomes important to me and displaces my values.  Bitcoin is no different).

And, it is also my opinion that the theory behind Bitcoin isn't that brilliant.  The brilliance came from putting the pieces together (i.e. taking the theory, creating a mathematical analogue of it, representing that analogue in a computer program, and marketing it) and having the motivation to actually do it without knowing if it would catch on.  I, along with many of you, also have many brilliant ideas but we simply don't try to fulfill them to their ends because we think they might fail.  If they fail, it's a waste of our damn time.  And I have objections to Bitcoin because I think it is weak in theory, but strong enough to 1.) Be better than traditional fiat currencies and 2.) Gain the respect of a significant number of people.  It's a currency for the at-least moderately wealthy and computer literate.  It is not a currency for the poor or the uneducated (I use uneducated in a very general sense here to represent those who will have trouble understanding it and would need to dedicate a very significant amount of time to do so).

-DiamondPlus

Perhaps it was by chance that both posts are identical? Creationism and Pseudomathematics:     http://ncse.com/book/export/html/3010

+1

Necrothread.

so the original 50BTC in the genesis block are untouched then? This would be an excellent strategy, Old bitcoins could be brought back into the market when the block chain gets cut and stored, it will be easier to crack those codes secretly... creating a secret sepage of coins into the general market.
   but Your right I also think that if those coins got touched, the entire network would become aware of it within nanoseconds, it would tell the network that the SHA256 encryption has been broken. Those blocks will be easier to crack than modern ones.

lol! Necrothread.

ridiculous

This thread is 1,5 years old.  !

and yet we remember it... it's a miracle!

Nice read !

No need to ask these questions - whatever answers are - no matter.