Quote from: moa on May 04, 2011, 09:58:42 PM

Oh this gets better, a finance write who's an advocate for gold. Well i've been reading about gold for over 15 years and there used to be very few who actually wrote anything sensible about gold and less than 1 in 200 who actually advocate for hard money ... so there's a high probability you must be one of those johhny-come-lately gold writers, who spent the best of their life scaring people away form hard money and in the last few years just found religion.

The way you are dissing bitcoin tells me you are definitely not a programmer and probably haven't much of a clue how bitcoin works, for instance tell me how does the public-private key pair encryption schema work in your own words and why it is important for bitcoin?

Then maybe we can have an informed conversation about "What if receiving payments in bitcoins is made illegal?"

You'd better get up to speed or you'll just look like an ignorant troll hard money gold finance writer. Bitcoin is a monetary technology that solves problems of pricing information distributions and optimal resource allocations, it is in essence an information technology. Perhaps you are out of your depth here to be commenting on technologies.

As usual you prejudice leads you down a blind alley. I've been an advocate of gold for 7 years, ever since I started educating myself about the ballooning debt problem and failing financial system. Two years after the gold market bottom maybe, but better than being 6 years early like yourself and the other superhumans.

I have not been dissing bitcoin. Merely asking legitimate questions about how it might work in the real world. It's a pity you think that's negative. This kind of intolerance to the unbelievers is typical of a religious dogma. It makes me more certain that bitcoin is more a philosophy or ideal than a workable solution for the economy.

I don't know much about technology. More than that I don't want to know much about technology. Everyone has their areas of expertise, and that isn't mine. But the vast majority of people don't understand technology. So for bitcoin to become viable it has to gain our trust and understanding. It will need level headed advocates in other words.

What I do know a lot about are finance, business and investing. The sort of things that bitcoin would be used in if it was successful. Perhaps YOU are out of your depth once you get beyond the technical side. Indeed your responses (or rather lack of constructive responses) confirm that.

I didn't expect that kind of blind dogma in this kind of forum, but then, as the folks at Monty Python said, no one expects the Spanish Inquisition.