curiousquestion

at least until they decide to take it away. I'm still not convinced anyone should spend any of their resources toward the platform when there's no guarantee they'll uphold this deal in the future.

perhaps reframing your question / perspective might shed some light... It's ok buddy, whatever you say...

Sounds like you are having difficulty discerning between criticism and hate. Criticism is a genuine conversation bringing up new, relevant points. Hate comments regurgitate the same crap over and over. No one learns from it, it's just frothing at the mouth intellectuals who think knowing some random fact is more important than succeeding in life.

I guess we should consider your decisions as the "optimal and correct decisions"? Are you a billionaire too?

I finally feel at peace with this issue, in a much more significant way than ever before.

When I talk to those folks anymore I think they'll just remind me of my 3 year old nephew. I'll smile at them (or their post) say 'ok buddy, whatever you say' and just turn around and walk away.

After reflecting on this a bit, I think the biggest problem is that the point of the whole talk wasn't brought up until the end. Who knew this was actually about Campaign Finance Reform before they stopped watching?

I was speaking with a friend the other day about the hypothesis of a bubble. He was interested in my take on the matter. I said "Think about the big picture. I'm not talking about macro economics or anything like that. Think about where we are in the history of the world and civilization." The point here is that even if there will be dips in the market due to immediate forces, there is no doubt in my mind, and should be no doubt in anyone's mind that we are headed to a place where technology touches every aspect of our lives. When historians look back in 100-200 years they will laugh at the prospect that folks were worried that we're investing too much money into technology.

I think our world views may differ. For example I believe that corruption / illegal activities don't stop because you're using a traceable monetary system.

And we probably also will disagree that non-traceable monetary systems are difficult or impossible to monitor illegal activities from. Simply the fact that the transactions happen over the web likely makes it easier for law enforcement to get a hold on what types of transactions are happening within something like Silk Road.

Media makes us think Silk Road was not monitored or that it was somehow immune to law enforcement. I disagree whole heartedly.

Even if the cost to mine the coin ended up being slightly more than $1USD, over time as the coin is transferred multiple times to multiple people, the value increases due to the fact that there are no transaction fees.

What about real currency isn't anonymous? If (god forbid) someone took $100 in cash to a pedophile and bought pornography, how is this traceable in the existing system?

I think the trick would be to try to ensure the "mining" of the coin ended up such that the cost to mine the coin cost approximately $1USD. So in the end someone who has this particular coin spent approx $1 in electric / other to produce / mine it.