I hope I don't get in trouble when I point out that the definition given for Legal Tender is wrong. :/ (page 20)

Oh that will be fun lol! You'll be sent to the corner for a timeout ha ha ha. Don't worry I think there may be a Simudrone or two that will raise their hand and tell them "He's right" :D

I can cite a world authority on the subject. :P

Well, the definition is not incorrect. <<Legal Tender: A legal requirement to accept a certain currency to meet financial obligations>> That is not a false statement. It might be vague, but when it reads "This note is legal tender ..." THEN it has a different connotation. "Legal Tender" is not the same as "This note is Legal Tender."

I see "requirement" as the problem. It's an OFFER, and I have one remaining unalienable right left; the RIGHT to NOT CONTRACT. :/

Copy that!

IF you use the money! ...we just have better money!

I'm leaving you guys in good hands. :D This is a comprehensive course!

I wonder if there will be some feta cheese during breaks ? :/

Well, Andreas Antonopoulos, Antonis Polemitis, Dr. Dmitry Apraksin, George Papageorgiou, Sergios Pericleous.....I mean feta cheese MUST be included in this.....

Cheese curds are ideal.

I think Pete means digital Feta cheese :P

hahaha...one of these things is in the lobby of the Bank of Canada: http://en.wikipedia.org/wiki/Rai_stones

hmmmm....interesting. the Rai Stones are still used among the Yapese for large transactions, but they transact daily stuff in USD. It makes me wonder how the Bank of Canada got a Rai Stone. :-/

No physical movement needed to move FUNDS :-D

Money of Account!

Here's the hidden-n-plain-sight thing that all of you miss. Crypto currencies are MONEY OF ACCOUNT AND MONEY OF EXCHANGE at the SAME TIME! THAT'S why you don't need a bank!

Wow! 2 points in a row I actually didn't miss! I thought that was obvious! :-D

Is it? Look at how the mechanics of money itself changes, as the result! THAT is the part you miss. That is the part the banks miss, and that is the part the GOVERNMENT misses. If you don't miss it, you own the future.

The lack of registering money of exchange as money of account?

No. Stop guessing. No answers are EVER in the GREAT LIBRARY of your ass.

:D

Chris Evan, when you look at the mechanics of money of the current system, money, and it's various forms, are split into different ways that you may store, transfer, and/or use that money, and it's not all connected. This creates extreme inefficiencies, both in time and cost, among many others. You can do everything a bank does now, and MORE with the Bitcoin protocol. The current bank system is LITERALLY a decaying corpse. Bitcoin is by far a BETTER form of money. Remember for the FIRST TIME in the history of mankind, you may anonymously, and safely transfer VALUE to ANYWHERE in the world in the matter of seconds, or minutes. Bitcoin is a unified protocol for transmitting VALUE. Not only any amount, from micro-payments to billions, but you may send ANYTHING OF VALUE, without governmental, and/or banking interference, like cars, houses, contracts, arbitration, anything of VALUE, etc. The possibilities are limitless.

So Bitcoin is money, money of account, money of exchange, a currency, an asset, and in a way a form of investment, even thou we know currencies are not investments. All that PLUS, much more. That is why the BETTER form of money will win, at the end. Which is not that far.

The third party is COMPUTER SCIENCE, not banks.

Yes. Computer science is more trustworthy than banks. :)

Hahaha! Not only I can be a bank, I can be a "GOVERNMENT"! Hahaha! That's the next step!

Yes.

MEGA-PERSON :)

Oh, and that money is MINE....it really is :D

I know it's a very small detail, but still :P

For now. :D