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In 24 hours Bitcoin mining difficulty will be 10 billion times higher than 4 years ago.
Don't bother explaining Bitcoin to grown ups. Explain it to teens. They will get it and they will change the world.
Pay privacy: only merchant and your bank know who you are. Bitcoin: there is no bank and merchant only sees money, not your personal data.
Bitcoin is not a protocol of transfer, but a protocol of ownership. Coins never travel, but simply switch owners.
If Bitcoin was ever competing with Paypal or Visa, it would not even start. It competes with gold and central banks.
The whole point of cypherpunk tech (Bitcoin, Tor etc) is to bypass ethical discussions entirely and protect people from each other for real.
Bitcoin is a 100% voluntary social contract. Gov social "contract" is just rape pretending to be lovemaking.
Tomorrow US will announce auction winners for confiscated 30K bitcoins. I predict the price will be at least 3x the market (>$1800/btc).
Bitcoin is not an improvement to money or contracts. It is a parallel solution to the root problem: securing social interactions.
When people mention 5000-year history of gold as a "store of value" they forget to mention 5000-year history of constant plunder.
OH “How to call unconfirmed transactions? Dorians.”
Gold has symmetrical security: bigger guy always wins. BTC is super-cheap to store at any amount. Rich and poor have equal protection.
Author of BTCRuby, CoreBitcoin, Mycelium iOS, Chain iOS SDK and Gitbox. Former designer of FunGolf GPS.
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