Quote from: porc on December 07, 2013, 07:35:20 PM

You are just babbling and have not read the thread.

I have read the thread and you talk about "Governments have already effectively made it impossible for people to use bitcoin as a medium of exchange, as they expect taxes to be paid on bitcoin gains. Thus it cant function as a medium of exchange".
You say that not being able to tax bitcoin will kill it.
In my country we pay taxes on gold and even bitcoin so it is possible and in my country bitcoin IS a medium of exchange. In neighboring contries this is also true. America isn't the whole world you know.
We have systems in place for verifying that taxes are paid. If you buy a house or car beyond your means and can't explain where the money came from and haven't paid taxes you have a problem.

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Thats why you dont have competition in medium of exchanges. Everybody using alternatives has to pay taxes on the medium of exchange! That obligation also kills any anonymity you might have btw.!

Bitcoin is an open system and not anonymous. If you use your bitcoins your identity can be associated.

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No it will not change. Inflation is the most powerful way to tax. Inflation is only possible if government has control over money. Read your history.

LOL you do know that inflation makes money worth less? Inflation happens because dumbasses print money so they have more. This is not tax this is devaluation of money to make your debts less and income greater. Tax is money taken from the population, inflation is printing money or money losing value.

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Not very convincing for the average joe who wants to either store wealth in gold or bitcoins. Again you say it cant be hacked but you overestimate your own intelligence.

I explain how it can be hacked and when it can be hacked. Did I say it cannot be hacked? I explained that banks are more vulnerable once the technology does appear.

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Also address theses points for the average joe: 1) What if my money is outcompeted by a different altcoin? 2) What can I do with Bitcoin except dumping it on the next guy? Silver I like, I can touch it, its used in industry, it looks great. 3) I cant be sure that the limit cant be broken. I have no trust. 5) I rather choose something stable thats not a technology to store wealth over long periods of time.

Why do people put their money on bank accounts? Ow because they can smell and touch it right? What's the difference between money on a bank or in a bitcoin wallet?
1) What if the Euro outcompetes the Dollar? Ow that's happening right now ....
2) You can't touch money in your bank account. Money is paper with a promise on it also no intrinsic value.
3) You mean the 21 million coin limit? Other coins forked from the bitcoin have hit the limit and it works. Well the dollar has no limit since it's being printed by the thousands and this isn't something average joe has a problem with.
4) You can't count cos you missed 4 Cheesy

5) Yeah choose the stability of the dollar.

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See you arrogantly assume bitcoin is the best way without ever considering that there are safer alternatives.

Did I say bitcoin is the best? No bitcoin is a good medium in it's first years of development. It will take time for stability.
Bitcoin has it's problems but atleast it's an open system so you can see every transaction.
You talk about safer alternatives, yes there are safer alternatives but what's stopping a bank from protecting your bitcoins for you?
Bitcoin has the possibility for being safe it will take time. Your comparing the first few years of bitcoin with hundreds of years running fiat money. You can't expect it to get to a mature level without going through a rough patch.