Quote from: luv2drnkbr on May 25, 2011, 11:08:34 AM

Quote from: mcdett on May 25, 2011, 05:09:31 AM

yes, but the current structure has served me well. I work hard, pay my taxes, and expanding my family.

The current system provides much maturity and predictability. The current system doesn't provide a reasonable possibility of some unknown entity with no transparency holding 20% of the market.

btc has documented prof of almost 20% of the early generated btc being held by a hidden entity (Satoshi or whatever it is)

This mandates this currency to an amount of unpredictability that many people will not buy into. People may ask for a schism of the block over this.

(Assuming you're from the USA)... uh did you not see two years ago when the Fed refused to release the records of where two hundred billion dollars went??? And when it finally was, most of it was redacted...

the point is that the fed while doing this (I believe it was a mistake) was acting in a way to perpetuate the current financial system (as much as we may not like it). We all have a certain amount of confidence (predictability) that the US gov, and the fed will server to keep the system working mostly as is (don't read this as me endorsing this). This allows me to plan financially for the long haul (even if I don't like the way the system is working).

With btc we have no idea how this %20 could come out. What if the original group has a political ideology that we'll call polX

for people on the right polX == communist, redistribution, maoist philosophy
for people on the left polX == neo con, big business, racist, stomp the little man

If the original group decided to leverage 20% of the economy to server polX agenda we could be setting ourselves up to being slaves to a more terrible master then the current system.