power is at about 550 watts at .115 per kilowat hour thats $1.52 a day so

You dont seem to understand that if you want to make a point your going to have to explain to me why you think it will fail, you can make as many statements as you want but they need to be backed up by logic if they are to be valid.

The FDIC insures bank deposits, making it safe to trust banks with your money, with bitcoins you would not have to trust your money to anyone, its all in your wallet for you to keep track of.

Its not a business, no one is incharge, no goverment no company just those that use it.

@Mystic_Kirby: its p2p there is no server to ddos

@derrickgl: if you use a CPU or low end gpu then yes, only high end gpus can make a profit

@angusm: that's what deflation is for. It would be a problem but the market would survive.

@deafblindmute: this monopoly was not caused by capitalism, but by capitalisms reaction to the miles of red tape that keep anyone from mining the huge deposits of these minerals we have in the US.

@ODoyleRulz: We have huge deposits of both oil and rare earth minerals in the US, just as large or larger than both China or those "oil rich" countries, they would offer jobs to everyone and bring the price of items down. That is if you can just through the 5000 hoops to get a permit to mine them. The red tape is so…

@Rasksasa: The US has huge deposits of this stuff, the environmental red tape is just so long that no one can get anywhere near competing with Chinas prices, the labor price increase isnt anywhere near the price of a million and one permits. Its just like US oil drilling, we can make all these things here at home but…

@USB_Humping_Dog: The US has huge deposits of this stuff, the environmental red tape is just so long that no one can get anywhere near competing with Chinas prices, the labor price increase isnt anywhere near the price of a million and one permits.

opened my .bitcoin folder and took a loot at the db, its been changed to a binary file that is currently 143 megs. So at 21 millon thats 1.4 gigs, not really that bad considering that by that time 3tb+ hard drives will be bargain bin stuff.

i have a post somewhere around here on how to do it if your need it.

You can exchange with individuals, but there are websites with thousands of bitcoins and dollars on hand that will gladly exchange one for the other or vice versa. Its really not that bad to exchange them.

Of course, but you need to better justify your statement than "what if they stopped accepting it" if you want to hold a valid discussion.

Good luck turning off the internet.

I spend a bit, i have converted some And i am saving others. Its not a all or nothing thing.

bitcoins deflate, not inflate, so if you use them you gain money long term.

If it did the world would be a better place, as to if it will happen thats a choice that has to be made by people like you.

Bitcoin has no central authority, government or group of governments in charge.