About
Watermelon is my favorite gum flavor. My circumstances make me feel empowered. PATUXENTWHATDON'T STOPGETITGETIT I like Swiss tournaments better than Swiss cheese. I think stuffing suitcases is a beautiful art form. I am not ridin' dirty. I think Jonathon Coulton is a sophisticated mans Tenacious D. Orange Islands was a filler arc. Soccer balls are better than frisbees. Exo Squad was a great cartoon. My sister is a great conversationalist. I scream like a girl if you pull my leg hairs.
Ads

Bitcoin Pushes Forward a Phenomena That Will Change the World

Not a recently-published article, but I just came across it and it was the most fun article on Bitcoin I’ve ever read.
Why I’m Putting All My Savings Into Bitcoin
I do not put all *my* eggs in a basket, so on that point I disagree with the author. The primary point of this article, IMO is, when he talks about a transaction in which he says:

  • Nobody logged on to a bank of any kind.
  • No bank page for complicated foreign transactions was loaded into any browser.
  • No expensive foreign transfer fees were applied. In fact, no transfer fees were applied at all.
  • No banks were holding on to the money for a couple of days. My friend had the money instantly.
  • No bank holidays were relevant. I did this on a Sunday.
  • No governmental economic blacklist was consulted. He could be a criminal under New Zealand law for all I care, but what matters to me is that he is my friend.
  • Nobody got the chance to seize the money before my friend in New Zealand got it. Or afterwards.
  • An alternative to a bank transfer would have been to use Visa or MasterCard. They did not get a cut, either.
  • No tax authority saw the transaction or the money.

A wave of agorism is coming to the world. Bitcoin will be one of the vehicles pushing it forward.

Leave a Reply

Before you post, please prove you are sentient.

What is melted ice?

Random Quote

The layman’s constitutional view is that what he likes is constitutional and that which he doesn’t like is unconstitutional. — Justice Hugo L. Black