Quote from: the_thing on September 15, 2012, 10:46:18 PM

Financial infrastructre is essential for a currency.

I very much agree with that, and that idea has been in my mind ever since I educated myself on bitcoin practices. The most valuable trait about the bitcoin is not only it's anonymity, but the fact that it is not, and cannot be regulated by the federal government. (Cannot only lasts as long as we fight and work for that to remain true btw...) As a point of interest, the legal structure in the United States has been amended countless times in effort to manipulate and control the flow of financial operations and establish wealth for deliberately targeted individuals, thus we have the infamous 1%... with an unregulated currency using anonymity as its backbone, we can ensure that the system is not only fair, but abundantly so. In modern financial practices, one must establish credit through years, decades even, of monotonous and trivial measures of financial responsibility. Then we have those who simply inherit wealth from their predecessor(s). Not only that, we have a legal infrastructure that provides the most powerful and resourceful entities on the planet (corporations) a legal obligation to act on any opportunity to ignore any responsibilities to the health of it's consumers (and the planet they live on) and pursue only the course that would ensure the maximum possible profits for the share-holders the law will allow...

This is a crash course for disaster, and the evidence is all around us if we care enough to look. We are constantly trying to out-run a system intended and designed to keep most of us sick, stupid, and starving. Until now, it was nearly impossible to gather the resources necessary to put an end to this, because we were all losing the battle. The only way to survive was to simply lose less than everyone else, which inevitably leads to the destruction of our own morals and principals, the same ones that guided us as children, before we learned the ways of this world and had to compromise them to survive. But what if everyone was winning, and the goal was to simply "WIN MORE WHILE BEING LEGALLY OBLIGATED TO ENSURE EVERYONE ELSE WAS WINNING AS MUCH AS POSSIBLE"

To put it another way,

Code:

profits != win

profits are simply resources. As humans, we convert natural resources into anything we can imagine. As most of us tend to believe, you can buy pretty much anything with enough money. So... why don't we focus our "crypto-currency" regulations towards something new and better, the next natural step of economic evolution (or revolution). What that is exactly, I still don't know, and I try not to pretend to. But I do think one thing is clear to me, incentives for the masses, and not the few, sounds pretty nice to me. Just remember, it's still a fairy tale as long as there is one person in the circuit who is suffering and treated unjustly. We are human beings... the only thing stopping us is ourselves.