Quote from: smilem on July 24, 2011, 11:10:22 PM

well companies that provide the basis like water supply, gas, electricity mostly are prive in my country too, but government owns 51% of all shares in those companies. So that means that government has total control what those companies do.

Valid argument. Even in countries where those so called "strategic" countries are in private hands, that does not mean that much. Reverse privatisation can happen always, like it happened in Latin American countries now or after WWII in central and east Europe or even in the UK. Sometimes the former private owners get some money for it sometimes they do not, but it is not point here. Those companies can be also taken as "part of national interest" and de facto have special rules. Banks already have very different rules than normal firms and everyone thinks it is ok.

Quote from: smilem on July 24, 2011, 11:10:22 PM

Also, don't forget that it's very easy to filter internet protocols what software is allowed what not. If there is a law in US passed to exclude bitcoin traffic so ISP will do it by law. How will you (we) trade then? By using proxy? What kind of currency is that nobody but terrorists accepts anyway?

It is not that easy and I think the pirates will always have a ways and censorship as we knew it will never happen again even when they will try hard. But yes - currency that is popular for shady trades can have psychological problem. On the other hand, we do not see a future. It can be, that all major currencies will go under and Bitcoin can be only currency that can exist, because no government can affect money supply.

Quote from: smilem on July 24, 2011, 11:10:22 PM

I for one care how much transactions cost, but if the seller that has some goods i need and price is OK does not accepts bitcoins because it has been prohibited by law. I'll buy elsewhere with normal money rather then searching for another seller with same item / price combo.

Yes, valid argument for now.

Quote from: smilem on July 24, 2011, 11:10:22 PM

Furthermore I think the inventor of bitcoin never thought about GPU mining in the first place. I want to say that in my eyes more peopple should have been given a chance to get easy money when it was easy to mine. And now its impossible in solo whatever computer you have. That way bitcoin closes itself from majority of potential future users. Come on now 1USD 14BTC ? what money is that gambling or investing might be good if the value rises, but then if the goal was "cash for internet" - bitcoin failed already.

No, this is not important. Money has no "inner" value. If bitcoins ever will be used, the first miners will be incredibly rich. Maybe it is a bit unfair, but we all need functional cheap money, functional independent market. The premium simply got the visionares, as the states get the value now from printing money. This has not to be socialism. Soon, money mining will vanish, until new energy sources will be invented, thus bit coin will be in other ways energy unit. Unit of Watt/horsepower/Joule. Money has to be energy, that is ok and it was written in cyberpunk literature years ago.

Quote from: smilem on July 24, 2011, 11:10:22 PM

One day somebody will say- "there was a money with 8 decimal places it's greatest strength and its cause of death (because it's hard to use when prices are in 0.00000001)

This can be resolved with simple denomination.

Quote from: smilem on July 24, 2011, 11:10:22 PM

Oh and another thing I was thinking when you buy using paypal you bank transaction lists the payment as such, so if bitcoin is banned then how can you transfer money to your visa / master card ?

This transaction/processor problems happen even now. I am making money as professional gambler. People usually do not see it, but I expect those problems to be tighten up. Middlemen will be needed and it will be illegal too. This way the zero transaction costs will vanish. Middleman does not work for free but for profit.