solex
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100 satoshis -> ISO code


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May 13, 2013, 12:10:21 PM

IF we do succeed then these prices will seem like nothing (do the math regarding the float). If we don't succeed then I'm sure we still took part in one of the greatest experiments in recent history. Think about that - governments and wealthy individuals have always controlled money. This is the first step away from that (that I can think of). Still nice to say, years from now, that you tried to do your part to change things.  And if things really take off, we shouldn't lose sight of the fact that it is truly all about sharing. I'm game when that time comes, we are all in this together. (Emphasis by Pzi4nk)

I like your overall message but I wonder about the part I highlighted. Do you really think bitcoin is immune from the manipulations of wealthy people, much less governments?

Not to be inflamitory but it seems to me wherever there's a market it can be manipulated by great wealth.

The thing is (at least for me): parasitic governments currently have (at least) two major ways to milk the populous: taxes and "the hidden inflation tax". The latter one will not be possible with sound money. This means governments will have to produce their income from visible taxation. They also have to act responsibly fiscally (just like every other entity) because they wont be able to just borrow in a virtually unlimited fashion.

This hopefully results in leaner, more responsible and more accountable governments and a overall better situation for the people living under them.

That's exactly my hope too. Smaller governments. 100 years ago people only interacted with the government to get births, deaths and marriages registered, and perhaps a passport. Today governments are constantly in the face of every citizen. Clearly they should be slashed by something like 50% or 75% until they only make up 10% of the economy. Everyone would have vastly improved freedoms and quality of life. Once the massive distortions caused by the debt-based money and shadow-banking systems are eliminated national economies would hum along smoothly. Will it happen..?