Cypherdoc please answer me. I really want to understand your reasoning. It is important and impacts my decision process.
Justus et al, please also chime in. I want to understand the model you all have in mind of how Bitcoin changes the world.
i think you underestimate the common man and their ability to discern what the hell is going on in today's world. i've sprinkled hints throughout posts but we generally ignore each other so i don't blame you for missing it. understanding hard money is not hard. i think most ppl innately understand that repeatedly printing up a bunch of money to solve a debt problem isn't a solution. borrowing more money is not a solution for a borrowing problem. there is also plenty of evidence TPTB are losing their grip. i see evidence of this everywhere.
the internet combined with smartphones is contributing to this more widespread awareness and education of what's going on in the world. it used to be taboo reading your smartphone out in public. now it's acceptable and you're even considered unimportant if you don't check it every once in a while. the enhanced connectivity of ppl round the world allows for the free exchange of ideas and information never seen before. we can now educate each other. this is exactly what we're doing here in this thread. for a bunch of towel-head Muslims to rise up in revolution around Facebook & Twitter communiques in Egypt and Libya back in the Arab Spring is one of a number of signs that the masses aren't going to put up with TPTB bullshit anymore. corruption and fraud need to hide in the dark. it hates transparency. the internet is shining a bright light upon TPTB. they don't like it and the more they complain (like Mitch McConnell, James Comey of FBI, Clapper of NSA, Cameron of UK) the more i know we're on the right path to disruption.
central bank reputations have taken a beating the last 6 yrs. anyone who follows the financial mkts, like i do, can see evidence of their manipulation everywhere. everyone knows it's ludicrous to see stocks gyrate wildly immediately after an FOMC announcement. sidhujag keeps talking about staying long the stock mkt "until the masses" come in. as if they are going to be sheep once again. well, i don't think that's happening this time. and if i'm right about stocks rolling over right now as per my charts, guys like him who've always assumed the idiot on the street (avg Joe investor) is going to buy from them at 32000 are going to be in for a painful realization that the game has now leveled out due to less information asymmetry. 60% of American in fact do not own stocks (which is way down) and it doesn't look like they're going to anytime soon as they've learned from 2 major crashes of >50% in the last 15 yrs along with a real estate crash. this is also why 80% of Americans voted against TARP despite the propaganda.
come June 1 we'll find out if the NSA will retain their mass data collection program. it will be a sad day if they prevail but there's alot of lobbying going on right now and i'm hopeful it will not be extended. either way, guys like Glenn Greenwald, Eric Snowden, and many others continue to fight back. they are hard to ignore and fundamentally the NSA and TPTB will find it harder and harder to defend their policies out in public. they don't realize how stupid they sound and most ppl realize this.
and simply from a numerical standpoint, i don't see how TPTB can control all of us especially if i'm right about the increased generalized awareness of the public. i often fly and like to look down across the landscape at all the millions of homes and dwellings scattered around. i imagine all of these dwellings being connected by the internet and ppl talking, texting, emailing freely their opinions and concerns. i don't think there is anyway a small # of elites with their police can stop everyone. it's impossible. this is why torrenting, file sharing and streaming continue to go on unchecked despite persistent and expensive music and Hollywood campaigns to snuff this out. the disruption of Wherehouse, Barnes & Noble, Borders, Encyclopedia Brittanica is evidence of this. the rise and increasing popularity of Linux, Android, and open source in general is good.
Bitcoin is a major part of this revolution and b/c it is open source and adheres to the principles of sound money, i don't see any way a Digital Kill Switch can keep it away from the general population. it is too important to us to allow that. i simply see guys like Larry Summers adhering to his own principle of greed in saving/protecting his built up fortune by coming to Bitcoin b/c he sees the writing on the wall; not as some allegiance to his fellow elites as you claim. they are all greedy bastards and they realize that the zero bound on interest rates is the end of the line. negative interest rates are sure to spark a revolution. the smart ones are abandoning ship. they've had their run, they know it, and the smart thing is to pivot in the other direction before their brethren jump ship.
that's alot of rambling. i'm tired and i don't usually like to compose this much shit. most of what i have to say is in my earlier posts in 2011.