If bitcoin is more expensive or slower than traditional financial systems, people aren't going to use it.

Roger Ver

Categorized in : More People Expensive Financial

If the world's using bitcoin, governments won't be able to fund wars through inflation like they do today.

like inflation today world

Bitcoin is coming from a bunch of young computer nerds who saw this thing and thought it was neat. A lot of the early bitcoiners are 19-year-old kids, still living at home with their parents, and they don't have any business experience.

parents experience business home

We will never hear about people's Bitcoin accounts being frozen or seized by a government agency.

will never government people

I am tired of seeing real criminals, with lots of victims being ignored, while traditional law enforcement is busy going after perpetrators of victimless crimes such as those involved in the Silk Road Marketplace.

i-am tired law busy

If it is something particularly useful and for some reason is having trouble getting funding from traditional sources, I may be interested.

some something trouble reason

I consider the guys at Mt. Gox my friends.

guys consider friends

St. Kitts' government is much more libertarian compared with the U.S. It's not even close.

close even more government

Bitcoin is amazingly transformative because it's the first time in the entire history of the world in which anybody can now send or receive any amount of money, with anyone else, anywhere on the planet, without having to ask permission from any bank or government.

government money time history

Gox is the worst-run business in the history of the world.

the-history-of business history world

You have to be really, really careful how you use bitcoin in order to use it privately.

how you bitcoin use

Monero at a protocol level is very, very private and has that big advantage over bitcoin.

over big bitcoin advantage

Bernie Madoff... was regulated up and down and every which way, and it didn't do any good - he ran away with everyone's money.

down good money way

People own their own bodies and have the absolute right to put anything they want into it.

right own want people

The beauty of the free market is that everyone gets what they want. With governmentally imposed systems, it is always one size fits all.

free always want beauty

I do think that overall blockchains are likely to be a much more powerful force for good than evil.

good think powerful evil

I think most politicians have almost no understanding of economics; otherwise, they wouldn't have become politicians.

become think economics understanding

I don't think it's any sort of stretch of the imagination to say that, very, very realistically, each single bitcoin, if bitcoin becomes popular, will have to be worth at least tens of thousands of dollars.

will think single imagination

Anybody who has enough information about what's going on in the bitcoin world, you would not buy your bitcoins on Mt. Gox.

your you information world

I don't think it matters at all if the Bitcoin Foundation were to close.

matters think bitcoin foundation

PayPal came within an inch of being shut down by regulators when they started. The feds seizing the Dwolla account and stealing the money that is owned by Mt. Gox customers is more proof that Bitcoin is the superior payment system.

more down being money