Quote from: AnonyMint on March 18, 2014, 02:29:39 PM

I will not be replying to pontiacg5 and toknormal again, because they repeat the same broken non-arguments again and again. I have more important things to do.

Come on guys, this silly arguing is wasting our time. You guys go with Bitcoin and I will go my own direction.

You two can have the last word. I will prefer the last action.

You guys are losing badly where it matters for me. I am receiving overwhelming support in my private messages. You two are making fools of yourselves for those who are smart enough to see. And those are precisely the people I wanted to reach. My teaching goal here is done or at least as far as I am willing to take it in this forum. My wish is for all the dumb people to stay in Bitcoin and the smart people to exit something better.

toknormal, I already explained upthread that offchain accounts lead to fractional reserves and failure. You are repeating the same nonsense. Proceed with your offchain Bitcoin plan so you can retain the status quo of fiat banking and commerce.

pontiacg5, the issue for miners is not just tax compliance, it is about forcing you to force tax compliance on all transactions you add to the block. It is all about coin taint. You can read up on this coin taint issue from the core developers such a gmaxell, mike hearn, etc..

What you fail to appreciate is history. I guess you didn't pay attention during world history or perhaps your dumbed down education there in Kansas doesn't teach you about the way socialism slides into totalitarianism over and over throughout history.

The salient point (and I'm confident it will fly over your head and you will reply something off point again) is that don't expect the government to act sane as it slides into the abyss. They will demand blood from a turnip.

All the nations will be bankrupted and under severe riots and stress by 2016ish. And the FATCA is coming this year which will compel all nations to comply with USA demands. And the dollar will become incredibly strong in 2015 as all the other currencies become very weak. Every nation will be eating from the USA's hand. The emerging markets are massively short the dollar. But you don't know any of this information because you don't study as deeply the details as I do.

Sorry that you can't understand that when I pay with a credit card, I am done and get my domain name or download product in seconds. With Bitcoin, I wait 20 - 30 minutes. When I need to do this several times per day, it makes me curse Bitcoin. And this has actually happened to me numerous times.

Bitcoin's new coinbase awards will be 1.7% in 2020, 0.8% in 2024 and 0.2% in 2032, that is not 100 years from now. I can see 6th grade math is not your strong suite.

https://en.bitcoin.it/wiki/Controlled_supply#Projected_Bitcoins_Long_Term

Your points about alt/BTC exchange entirely misses the point that without anonymity, altcoins will be subject to the same regulatory controls as Bitcoin. Period. No tinfoil hats required to do that simple analysis.

I must agree with you that the nonrefundable quality of Bitcoin can open new markets. It also closes off much larger markets. See also my reply to toknormal above. Note Bitcoin has multisig on chain, so if developers would simply use it, then Bitcoin could do refunds via escrowed third parties. At least it would be on the block chain, so no slide into fractional reserves failure.

..."overwhelming support in private messages"...

Uh huh... Sure.... Right.....Yet no one is supporting his opinions publicly.

(All this from the same joker that claimed most bitcoin transactions
will be clawed back due to theft.)

Even though I'm completely convinced you're either delusional or consciously engaging in cognitive dissonance (FUD), feel free to explain how you think the dollar will dominate given the massive deficit, the unbroken trend of us politicians continuing to raise the debt ceiling, the downtrend of us manufacturing, and the nascent move away from the dollar as the world reserve currency.