Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

China may have realized that it cannot stifle bitcoin.. and china has a mixed set of motives including a desire to have some kind of investment vehicle separate from the dollar... .. so China is likely torn about bitcoin and about whether they like it or hate it... maybe they are frienemies with bitcoin?

From what Iknow, Chinese residents cannot pay for goods or services using bitcoin; banks and other financial institutions cannot deal with bitcoin; bitcoins cannot be sold by e-commerce sites; and e-payment services cannot be used to pay for bitcoin. So what is left?

I believe there are other cointries which have taken similar measures; Russia and India, perhaps? (A thread was started in this forum to build a list the legal status of bitcoin in each coutry, but it never got beyond the first draft.) Some countries (like the US) have not banned crypto-coins explicitly, but their existing regulations alerady prevent some of those uses.

If crypto currencies will only be used for ~~clandestine~~ private commerce between peers, ~~under risk of legal penalties~~ who don't care about regulation, they will have ~~failed~~ succeeded in their goal.

FTFY

Chinese corrupted officers will push Bitcoin price up 1000 times

http://www.bit-sky.com/index.php/english/370-chinese-corrupted-officers-will-push-bitcoin-price-up-1000-times

GOOD NEWS!!! Thanks for that contribution!!!.

Quote from: bassclef on March 12, 2014, 02:02:41 AM

Quote from: JayJuanGee on March 12, 2014, 01:49:05 AM

Quote from: theonewhowaskazu on March 12, 2014, 01:35:19 AM

Quote from: JayJuanGee on March 12, 2014, 01:28:53 AM

John steward mill said something like that, and that was in the 1800s.

Whats this supposed to imply? That morality is supposed to change with time or something?

We may still cite John Steward Mill and others even though the ideas have been around a while, and maybe there was NO reference to John Steward Mill in the original post.

I do believe that some things that were said in the 1800s may NOT apply very well in the modern world due to population growth and technological applications that may NOT fit very well into some of the current paradigms. I was quite a fan of JS Mill during some parts of my life, but in recent times, I have been giving more weight to concerns and needs of community b/c I am of the opinion that some of the JS Mill thinking may NOT apply very well to some social responsibility concepts... there needs to be some balance.. ... yet I am NOT in any position to assert exactly where that balance line should be drawn.. that would be a product of the community, ultimately.. and surely I would think that any society would like to have balances that allow for personal liberty within a community framework, if possible.

JayJuan, check out this video. It pretty much sums things up.

http://youtu.be/muHg86Mys7I

The video portrays general libertarian principles, and my assertion remains that libertarianism can provide a partial framework for consideration, but it does NOT provide all of the answers, when it comes down to actual application, especially when some people may confuse basic concepts... such as creating some version of voluntary consent that the community has to beg for a guy to pay taxes or some ridiculous conception like that. Ultimately there are theories about social consent and the social contract, and I am NOT opposed to those theories being applicable guides, so long as they are NOT perverted into something that makes little to no sense when people start spouting various anti-government rhetoric.