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In addition to the previous answer, in the affirmative, I'd like to add that it's unlikely that Bitcoin is likely to produce a bubble scenario any time soon. Local currencies are inherently weaker as a form of money than Bitcoin, and so they will likely always lose value over time compared to it. However, a bubble could be artificially created
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Financial "guidance" regarding virtual currencies has been announced by the US FinCEN. This mostly affects Bitcoin exchanges. http://www.bitcoinmoney.com/post/45771686409/news-roundup-fincens-guidance-re-virtual-currencies
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@Wheylous: Could you write a piece on minimum wage laws for that website?
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That made me laugh. Thank you.
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The more people working producing goods, the more goods there will be, lowering the price of goods so that people with lower wages are better able to afford them. As a society builds capital and wealth, even the lowest wage earners become much wealthier than their predecessors. As we've seen with high minimum wages here in the US: increased unemployment
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I think they're just trying to change the size of files that get moved around a lot. The core Bitcoin algorithm is safe and unchanging, but other things get updated to make the network run more smoothly and securely.
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Assuming he knows about the property rights violations, he may be in favor of it because foreign oil means foreign military entanglements.
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The value went from 48, to 37, and then back up to 44 (on MtGox). Get your hyperbolic statements under control. I think it's a testament to Bitcoin's reliability that as it becomes more established and spread out it also becomes more stable and resilient. The problem was that the recent update of the most popular Bitcoin client created "blocks"
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Thanks Blargg, that was exactly my point. Though I guess I didn't really say that in my opening post. Without the State, how do you make money being creative without having your ideas copied before you recoup your time-investment? By crowdfunding and getting your payment before releasing the content!
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Thank you, and thanks for the link!