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Regulations are prone to abuse too. What's really needed is a well-financed company to secure and safeguard your digital currency. Note that Flexcoin did not lose its Bitcoins in cold storage.

Knowing the NSA likes to have a back-door into everything...

I'd consider a 0% tax rate for the wealthy. Taxation is largely for the poor and middle class. Taxes are needed for government services. The wealthy do not require those services. But, that assumes that the world allows people to build real wealth for themselves. That would require an...

Metaphorically (and digitally) speaking, are there 3 Bitcoins? Was Bitcoin started on the 0 bit or the 1 bit? Is there a switch/flapper? A similar applies to the algorithm. Is there a periodicity that is predictable and controllable? I have not looked into these issues, however, are...

I like Litecoin for its potential as a currency in every day transactions. I like Bitcoin for its potential to settle international currency transactions (central banking). I like Ripple as a token to represent a debt between known and familiar parties. I like Promise Language as a banking...

FYI, my last job was at Morgan Stanley near Wall Street. The entire building is filled with contractors. Mostly from India. I was one of the very few white people in the whole place. Wall Street is not the go-getter pinstripe suits of the past. It appears to me, they all split, work from...

Apparently it is 21% last year, not the 25% I had remembered. * Food-stamp recipients jumped from 19.3 percent to 20.6 percent of New Yorkers in the last year. http://nypost.com/2012/11/18/poverty-rate-food-stamp-use-rising-in-nyc/

Oh boy, why don't you begin enlightening me as to the minutia of inconsequential differences?

Two people. Promise. Promise. Deliver. Deliver. End of transaction. That clarity describes every transaction on earth. A time stamp on each stage denotes risk and accountability can define if a 3rd party is necessary. Examples: 1. A grocery store transaction does not require the insertion...

All digital currencies are essentially identical. The minute differences in design are hardly substantive to its use as a device to settle international transactions. Bitcoin is the famous one. So. That's the one. While theoretically it might be interesting to design a "perfect"...

It already has. Over 25% of the NYC population is on welfare.

Imagine you are part of a drug deal or a gun deal. Tensions are high, heavily armed security on both sides. Most deals don't end in gunfire due to a deliberate desire to rip off the other party, gunfights occur due to miscommunication. What was promised? What was delivered? In central...

Good and bad. While reputable, SecondMarket is bringing along the same problems: Fixing the price twice a day. Derivatives used to price Bitcoin. Mixed feelings on members-only (regulatory simplificiation I guess). But... they will bring wall street connections to Bitcoin.

Gold has historically functioned as a settlement device amongst the various currencies around the world. Gold is stored at the Federal Reserve with forklifts moving pallets between various countries' deposits. That is expensive and difficult to audit. Gold also has dollar-settled derivatives...

It is a highly effective psychological tactic. The next time someone in authority is over-exerting such, like your boss being a jerk, say, "You lost." and walk off. "Lost? Lost what? How did I lose? What's going on?" If further questions, then shake your head and mutter, "You lost big...

I agree, the options for safe wallet storage are limited. Hopefully a few startups might solve that problem.

It is highly doubtful that things will ever be priced in Bitcoin. Pricing will likely always be done in dollars. Bitcoin will float freely to translate value amongst different currencies.

The US government is composed of individual people acting in their own self interest. Those people don't like being ripped off and need a store of value of safety. The US government does hold gold and eventually will see Bitcoin as an alternative to gold. Bitcoin has advantages of not...

Bitcoin can't be printed. It can't be faked. A record of all transactions is public. It crosses borders easily and doesn't require a vault. It is the perfect settlement for central banking transactions. The BIS created SDRs to fill this role. Bitcoin might be that replacement. What is...

I'm a software architect with an idea: - app to consolidate passwords - becomes a portal - secured with a fingerprint - it also becomes an app-framework with total security One aspect to it is IP server verification. Prevents spoofing. SSL prevents listening.