Quote from: Nagle on June 24, 2011, 08:24:38 PM

Quote from: tavi on June 24, 2011, 08:09:28 PM

John N -- you've got great insights into the world of finance & trading it seems.

So please help us wrest control of money away from the elites (AKA power hungry bloodthirsty homicidal maniacs).
Bitcoin seems to be the only solution to this persistent problem.
Got anything better? Any other ideas?

You're thinking of Bitcoin as the modern equivalent of "the free and unlimited coinage of silver". (Read up on the Free Silver movement.) That was a different problem, though. That period had a growing economy with a fixed money supply tied to gold. The result was severe deflation. That's not the problem in the current US economy.

I wasn't clear enough, it seems that the Free Silver Movement was interested in inflation, legislative control and dictating the monetary policy to its liking. I'm quite the opposite.

At this point in time, every nation-state has a central bank backed by a ruthless punitive apparatus, in order to enforce its monopoly on money (medium of exchange & store of value) on its subjects.
Bitcoin seems to be the only thing that could drive those central banks into obscurity if possible, or destroy if necessary. By enabling common folks to interact with each other without the overlords.
Globally accepted, non-inflationary, free of customs controls, ruled by no one -- it's a thing of beauty!