An electronic currency, which consists of cryptographic proofs-of-work, that can literally, verifiably, and securely transferred the over the internet from a buyer's bitcoin client (app, software) to a seller's without the aid of a mutually trusted third party (e.g., paypal or credit card bank, who traditionally collects a fee for this trust).
Western Union will charge you almost 5% to transfer $20,000 to India. They won't even let you do it in a single transfer since it is too big, and they'll hit you with an unfavorable exchange rate. Why don't you just send your vendor some bitcoin?
one who supports Reaction
in opposition to the general progressive
, often accompanied by a sense that the expansion of democratic politcs
has made life in general much worse either in absolute terms, or measured by what should have been achievable with modern science, reason, and technology; usually believes race
is a real genetic construct and therefore not surprised at disparate
average outcomes across large population groups; often believes human evolution
has in part or in toto shaped human nature
, which therefore cannot easily, or at all, be changed very much by social engineering and/or conditioning; usually believes heirarchy
is imprinted upon mankind by nature and/or God, and that heirarchy is not only not necessarily evil, but desirable and even inevitable and ought not be torn down for any but the most grave reasons; tends to support tradition either as revealed by his religion and/or as successful adaptive memetic
developments which usually solve deep and complex problems in human societies; anti-revolutionary; anti-socialist; anti-communist; an...
the firm and visceral sense that modernity sucks, even though, by all rights, it should not; anti-revolution; anti-progressivism; usually triggered by observation of one or more of the following: women are less pleasant and/or men are wimpier than they should be, foreigners are everywhere they shouldn't be, mankind is getting stupider, the more democratic things are the more corrupt they seem to be, ugliness is everywhere and getting worse.
After recognizing the vapid status seeking of his "progressive" neighbors, the hopeless ignorance of the electorate, Bill decided to plant his feet on the side of The Reaction.