You store them in a computer off line,no chance of getting hacked. Back on topic: American spends way too much money on its military and the end result is bankruptcy.
They're vitual currency, they only exist as a code in a central database. They are VERY susceptible to being hacked and thus stolen. http://www.informationweek.com/secu...rge-ddos-hackers-take-millions/d/d-id/1112831 The US government spends way too much money. That is all that is needed to be said. The US government has been hijacked by a supranational corporate oligarchy that uses the government as a means of siphoning dollars out of the tax farm and into corporate coffers. The bloated military budget is just one example of that scheme.
If you store them online, if you do not store them online then no one can hack into your computer if it is kept offline. An offline wallet, also known as cold storage, provides the highest level of security for savings. It involves storing a wallet in a secured place that is not connected to the network. When done properly, it can offer a very good protection against computer vulnerabilities. Using an offline wallet in conjunction with backups and encryption is also a good practice. http://bitcoin.org/en/secure-your-wallet# [/QUOTE]
Wrong, people always get it wrong. It is the politicians who use doing favours for cooperation to get money. I mean just look at Microsoft and Google, they gave almost nothing to the government to get favours, so the government fines microsoft for market competition infringments and trys to pass a bill that could mean Google loses rights to material or something I can't remember. SOPA and the other one. That is one thing that really gets on my pip, government choosing if a company has to much of the market, I mean what? People who say we have a free market are taking out their back holes. I can think of only 4 things government should spend money on defence, foreign policy, courts and prisons, everything else should be done if at all by the states or on the UK counties. As for cutting US defence spending, I am against it. Look force savings maybe shuffle things around, but don't cut. No the way the US is cutting anyway. I would say the worse cuts are in France. UK cuts aren't all the bad, the army has never really been that important and the cut projects were bad like Nimrod. The worrying thing for the UK is in the increase is part timers in the army, so much for a high training, high equipped, highly mobile professional force.
Would you prefer if just one company owned the whole of Americas electric supply and then charged you all way over the odds for it? Government controls on business is there to stop that type of thing happening and it is one of the good things that governments do to protect their people because businesses will not.
Yes I would. As what happens after it starts charging over the odds is a challenger or two. What if the company has a large market share because it is a very good company, what of that company only has no challengers because it is the only company that can afford the cost of government regulations, which if that company got that large market share because of the government contracts. A free market is where people can voluntarily trade free from government regulations, taxes and laws, beyond the natural law. So the idea that the government through it's intervention is protection competition and the free market itself is a joke. I hate government intervention and protectionism, it is why I want to leave the EU.
There would be no challengers, thats the point, the one company would own the whole infrastructure,everything.You would have to pay them or have no electric.A free market does not work because businesses abuse it without government controls,it has happened thru out history.
Well people would stop using electric. So the company would be forced to cut prices or another company would come in with its own system. The cooperation couldn't ban another company, unless it has the backing of government. Give me examples of long term monopolies?
So you really believe that everyone would stop using electric? So the whole country would grind to a halt. There would be no other companies, I already told you that, any start up companies would be bought out by the huge monopoly. There are no long term monopolies because the government has laws in place to stop that happening,this is what you want to stop and have a free market where there are monopolies.
kind of the equivalent of keeping all of your money in your mattress, is it not? http://www.theguardian.com/technology/2013/nov/27/hard-drive-bitcoin-landfill-site Then there is this: http://www-cs-faculty.stanford.edu/~eroberts/cs181/projects/2010-11/DigitalCurrencies/disadvantages/ As an IT professional, storing anything digitally is a bad idea, without backups. All forms of digital storage fail, constantly. Why would anybody keep money as such, uninsured and unsecured?
Not really, just be sure to make backups. You can ask the people of Cyprus how safe it is to have your money in a bank.
Sorry your example doesn't make sense, because the only way the new company would be forced to sell to the monopoly is by government. Again I have no problem with monopolies if they make something better than everybody else, however once they raise their price new companies will start up and under cut them. Monopolies aren't bad by themselves, however government intervention makes them bad and less effective. Look in Europe the EU commission just forced RBS to sell hundreds of departments to the Co-Op, now the Co-Op is nearly going Bankrupt because they couldn't handle the increase. So how is that government intervention working out for you?
Actually it does make prefect sense, if you do not have government controls then you have monopolies,its as easy as that.Monopolies are bad,they are very bad,pity you cannot see that. A monopoly can charge what they want,they have no competition at all.
And the currency can only have a single copy or it is invalid. Otherwise there is nothing to prevent counterfeiting. Why do I have a feeling you are just a troll, who argues against everything, if you have a clue or not?
That is not even true. Backup your wallet Stored in a safe place, a backup of your wallet can protect you against computer failures and many human mistakes. It can also allow you to recover your wallet after your mobile or computer was stolen if you keep your wallet encrypted. http://bitcoin.org/en/secure-your-wallet# I think you are just unhappy that I have turned you over a few times in your ill thought out arguments.If you do not know what you are talking about and cannot back it up then be expected to be called out on it.
OK, so, I'm wrong in my assertion that businesses buy politicians because, as you are asserting, politicians do favors for corporate money? Is that about right? WRONG!!! Bill and Melinda Gates foundation 2012 campaign finance. $97k to Obama directly and another $147k to the DNC. You don't know what you're talking about. SOPA and PIPA and internet regulation were opposed by internet companies until they were able to write their own rules into the regulations. Note, none of it passed until they were on board. Don't hear so much about it now, do we? In truth, the anti-monopoly movement was a means for the big players in the late 1800s to marginalize the competition through government intervention while allowing them to write the laws so that they could still maintain their monopolies while breaking up into smaller companies under their own control and making it easier to gobble up parts of their competitors. We don't have a free market. That is correct. What you fail to realize is that the really big business players own our government and use it to create barriers to market to marginalize their competition. I am a proponent of decentralization of governance. I don't even think we need the centralized military that we have now to the extent that we have it. The "defense" spending in this country is pretty much used as a means for the same big business players to externalize the costs of gaining access to foreign markets. Of course you are. You adhere to a cookie cutter ideology that is self contradictory. It's deliberately imposed upon you. You do have the opportunity to resist it as the farce that it is. I am shining a big light on it for you right now. At least give yourself the opportunity of considering what I am telling you and the implications of it. The legitimate "defense" spending would correlate to ensuring the domestic, geographic area of the country is secure and protected. We spend FAR FAR beyond what is necessary and reasonable towards that goal. Are France or the UK in any imminent or even remote danger of being attacked that would justify more spending than they engage in right now? I highly doubt so.
No with government controls you have a much larger monopoly, that of the government itself. Picking and choosing who wins and who loses, destroying choice, freedom from government and equality of opportunity. For a company to gain a monopoly they must be a very good company, so why is it bad for the best company to gain a monopoly? The when it moves away from what gave it that monopoly other companies see that and move in to fill the gap. The only way another country can stop another from doing that is using government to make laws, taxes and regulations making it harder for that company to setup. No doubt you think recessions are bad aswell? Often while I have been doing my research into the UK economy I fine what the left says is bad, it really good. So minimum wage is bad for creating employment, recessions are good and monopolies will happen and force at time are good. All these things the socialist rail against, they are just using so they gain more power over peoples lives.
You are wrong to blame the companies to who use the system, instead blame the people who are the system the politicians. Defence is two things, defence of territory and interests. Think of it this way you have a right to defend yourself if someone invades your home, you also have a right to stop someone putting rat poison in the well were you get your drinking water from or help a friend who is being attacked. I my research into the MIC and defence procurement I haven't found the problem what wouldn't be solved by having less people in government dealing with procurement and less nationalism in procurement, as in which things are built and who builds them. Again the MIC has been created by politicians. No, however what the left wants is for the UK US and France to cut to a level where threats arise. Perfect example of this is the 10 year plan Britain had after WW1 not to fight another large scale war for 10 years, so the government cut spending for 10 years, when it came time to increase spending again the money was being spent on other things, so we didn't start rearming until 1936 when we saw a threat. So we were screwed in WW2. People need to learn the lessons of history, not repeat them. - - - Updated - - - Truth.
You are wrong, you do not know what you are talking about. As I have already explained to you of you have a monopoly then they can charge what they want to, without government control they could treat their staff like (*)(*)(*)(*) and charge people a fortune for services. There would be no competition because they would have a monopoly, its as easy as that and you have presented no argument to prove that fact incorrect. Just coming back again and again and posting nonsense is not going to convince anyone that you are right.
Here we go name calling and the public doesn't agree with you. That normal arguments of someone who knows they are wrong.
I have not called you any names, you are now imagining things, I can see there is no point debating with you when you have to make things up to have a comeback.
You are aware I hope that is a private non-profit organization, and has absolutely nothing to do with Microsoft, are you not? Bill Gates stepped down as CEO over 13 years ago, and has only worked part-time there for the last 5 years. This: https://en.wikipedia.org/wiki/Bill_&_Melinda_Gates_Foundation Is not this: https://en.wikipedia.org/wiki/Microsoft *shakes head slowly and wanders away*
