Quote from: Augusto Croppo on February 07, 2014, 09:22:05 AM

Quote from: HenryRomp on February 07, 2014, 09:00:05 AM

Quote from: Augusto Croppo on February 07, 2014, 05:10:24 AM

Quote from: KawalGrover on February 06, 2014, 07:23:57 PM

The Blockchain fixes some of the inherent corrupt practices of our monetary system.

Its not about making things 'equal' as in resource distribution. But more as in 'equal access' to capital so that whoever wants to sell something and as long as there is someone to buy it, then you create a free market. A removal of the middle man will allow much more friction-less transactions. In that kind of a decentralized world, capital will find the best uses through open decentralized exchanges. Some people may value wars more, some removing poverty. The idea of how to allocate resources won't be decided by a few bankers, but by a more open decentralized, freer and a more democratic society.

Amir was alluding to these issues. And given the constraints, I think he did a pretty good job.

LoL at "removal of the middle man".

Before Bitcoin:

Bank -> Exchange Market -> Bank

After Bitcoin:

Bank -> Exchange Market -> Blockchain -> Exchange Market -> Bank.

Howbout fuck your bank and I don't use fiat currency, period?

The catchphrase on Blockchain.info should be the rallying cry of bitcoin--"Be your own bank."

Hey numbskull, someone needs fiat currency to obtain BTC. Did you even know that?

Hey numbskull, if I decide right now to never touch another piece of paper money in my life, I'll still get filthy fuckin rich!

Anybody stupid enough to hold their wealth in paper is too stupid to be getting involved in bitcoin anyway.

Did it occur to you that some people have their savings in gold, and that you can exchange gold for bitcoin directly?

Did it occur to you that some people have businesses and accept bitcoin as payment, but then DON'T go trade the bitcoin out for paper, instead use it to PAY EMPLOYEES and BUY SUPPLIES and ORDER DINNER and PAY RENT and all the other stuff that you foolishly do with paper money?