I answer some misconceptions about Bitcoin in this thread:
before even thinking about bitcoin, consider what gives with all the push to get people to use it. who stands to gain?
the people of the world stand to gain by using Bitcoin.
Think of it this way. Right now the entire world runs on fiat currency. And right now the entire world is in a MESS because it runs on fiat currency.
Fiat currency is money that gets its value by government decree.
Commodity money is money that gets its value because people assign value to it.
Gold is commodity money. Think what would happen if the entire world used gold as a currency. Could the U.S. still run deficits and finance these wars and other wasteful spending? Not likely. Because the people would feel the true cost. You can't inflate gold. (inflation is a hidden tax)
Bitcoin is also a commodity currency. One day everyone will realize that Bitcoin is "the people's money". Fiat is the government's money. The benefit Bitcoin has over gold is it's more suitable for exchange and can't be confiscated.
We don't learn anything from that. Please post what you disagree with and give me a chance to respond.
I think it's just a misunderstanding.
"The majority of the 21 million Bitcoins still have not been distributed. By starting to mine or acquire bitcoins today, you too can become an early adopter."
a full discussion on the topic:
There is a "push" to get people to use it... but in no way is the "push" akin to using FED notes! It is more like the push to use gold/silver...it is "advised" but NOT FORCED. If you agree with all the reasons to buy gold/silver/bitcoins, DO IT! If not, state your reasons (since you seem quite vocal) and then don't buy gold/silver/bitcoins. It is quite simple. I choose Bitcoins for all the reasons OTHERS choose bitcoin.
The $1M dollar FREE conversion "PUSH" is a REAL "PUSH" in my view, but it is a push to use Bit-Pay! They are a product of free-market, individual investment of time, resources in something they believe will be profitable and worthwhile in the longrun, I applaud their SPECTACULAR use of this event to gain MARKET AWARENESS or FREE MEDIA or whatever you think they will gain. GO BIT-PAY!
Heheehe... I hope this will really go VIRAL!
oh, and Troy, thanks for adding to the discussion!
Just plain 'Happy'about the direction the world is taking! Especially if we live to reach LEV [Longevity Escape Velocity]
Just release the tax info now, forget the million dollars in bitcoins.
Seems kind of like a scheme to me, as in they don't have the information and they make a cool million for nothin'.
$1,000,000 in Bitcoin: *** VERY COOL!!! :) ***