http://www.rawstory.com/rs/2011/06/20/japanese-supercomputer-becomes-worlds= -fastest/ I am beginning to suspect that the recent Japanese potentially haarp and stucks worm incidence might be related with this revolution too! I been hearing that US policy was openly critizised in Japanese government houses (faking 911 mobilization related) (2009- present) Feb 06 2011 Bitcoin surpases the dollar first time then this recent declaration of open exchange (war?) from the http://en.wikipedia.org/wiki/The_Silk_Road_(anonymous_marketplace) page which some speculate is a Asian idea too: In reaction to a Gawker article on th= e marketplace[1], US Senators Charles Schumer and Joe Manchin sent a letter t= o to US Attorney General Eric Holder and DEA Administrator Michele Leonhart insisting that the agency shut down the marketplace.[5] [6] In a press conference Schumer described Silk Road as follows: It's a certifiable one-stop shop for illegal drugs that represents the most brazen attempt to peddle drugs online that we have ever seen. It's more brazen than anything else by lightyears.[7] Subsequently, Silk Road's administrators posted on the Silk Road forums the following statement: The die have been cast and now we will see how they land. We will be diverting even more effort into countering their attacks and making the sit= e as resilient as possible, which means we may not be as responsive to messages for a while. I'm sure this news will scare some off, but should we win the fight, a new era will be born. Even if we lose, the genie is out of the bottle and they are fighting a losing War already.[8] After this attention, traffic to the website increased dramatically and the bitcoin saw a corresponding rise in value.[3] Sellers are mostly based in the USA and Britain.[3] -------------------- Anyhow its a Matrix time to be alive! On Tue, Jun 21, 2011 at 8:58 AM, Herbert Graf wrote: > On Tue, 2011-06-21 at 16:43 +0100, Michael Watterson wrote: > > The creators are too naive: > > Maybe, or perhaps revolutionary, time will tell. > > > In creating a virtual currency that's not backed by a sovereign state > > you need: > > First off, let's correct a few misconceptions. bitcoins are SUPPOSED to > be "different" from "regular" currency, that was the point. > > Second, bitcoins should not be treated as traceable. They are SUPPOSED > to basically be the same as cash, untraceable. So, with that said, I'll > provide counterpoints: > > > 1) Design methods to exchange to other currencies from the start. > > Why? There was a time when most currencies had ZERO government backed > methods of exchange. There are STILL currencies that cannot be exchanged > through official means (try walking into a US bank with cash from Cuba > to see what I mean). A currency is more useful if it can be freely > exchanged, but that is by no means a necessity. > > > 2) Assume people are more ingenious and more totally evil than you can > > imagine > > Hence the "everybody sees everything" model, it's only when everybody > has seen and basically approved of the transaction that things go > through. > > > 3) Assume exchanges will be hacked > > Every heard of bank heists? It's basically the same thing. The presence > of bank heists surely hasn't effectively the legitimacy of the USD, or > any other currency. > > > 4) Assume it will be forged > > Cash is forged ALL that time. Last stat in canada was something like > every 30 of 1,000,000 notes in circulation in Canada are forged (down > from something like 400 a decade ago). > > > 5) Assume it will be "stolen" from people via social engineering, > > trojans or other black hat stuff. > > Umm, that happens ALL THE TIME with "normal" currency. Scam artists have > been convincing people to let go of their money for as long as money has > existed. > > > Will bitcoin survive? I have my doubts. It has a few features that are > REALLY cool. It has many features that "the man" REALLY hates. It has > some features that completely go contrary to monetary theory. None of > that guarantees success or failure IMHO. > > > I for one hope it, or something like it survives and flourishes. Our > society tends to believe in competition, why should currency have a > competitor? > > TTYL > > -- > http://www.piclist.com PIC/SX FAQ & list archive > View/change your membership options at > http://mailman.mit.edu/mailman/listinfo/piclist > --=20 Tobias Gogolin Tel. Movistar (646) 124 32 82 Tel. Telcel (646) 160 58 99 skype: moontogo messenger: usertogo@hotmail.com Blog: http://zeitgeistensenada.blogspot.com/ You develop Sustainable Ranch Technology at http://tech.groups.yahoo.com/group/SURA-TECH an Open Source Electric Motor/Alternator at http://groups.yahoo.com/group/Performance_Axial_Flux and an Open Source Motor Controller at http://groups.yahoo.com/group/GoBox --=20 http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist .