billyjoeallen
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billyjoeallen
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February 23, 2014, 09:06:38 PM

Although, I still think Bitcoin is extremely undervalued, but I try to avoid talking about the exchange rate (I'm biased). A fucking messaging app sold for $19 billion... I know it's apples and oranges, but Bitcoin provides far, far more utility than a messaging app.

Like that comparison. Hadn't thought of that one.
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The more I think about it, the more interesting it becomes (in my mind).

Bitcoin can be seen as free speech, from the right perspective. Transactions are shouted to the world, and the world decides to write them in stone. If you want to stop bitcoin, you are infringing on the freedom of speech. (I can no longer share this information with the network.) Every thing is open and available for the world to audit. The servers are decentralized.

Now this messaging app is also a form of speech, but it's proprietary. There is nothing free about it. The source is closed. The servers are centralized. (I'm making some assumptions here, I didn't bother to do any research. If I'm wrong, my bad.)

WTF is wrong with the world when this messaging app is worth billions of dollars? Fuck it, Bitcoin will probably fail because people are ignorant assholes! Wink


Because they are being held dumb by their governments, our task is to teach them.

The U.S. Supreme court ruled that money is speech. http://en.wikipedia.org/wiki/Citizens_United_v._Federal_Election_Commission
But as far as I know, only California has determined that Bitcoin is money. I actually agree with those that hold that its a commodity. It may become money at some point, but not yet.