Land of the free fires first shot in effort to crush Bitcoin

Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: franco b On: Sun May 19, 2013 11:07 am

jpete wrote:
franco b wrote:
jpete wrote:Why can't I choose which one I trust more? Why must I be forced, under threat of force, to "trust" something which doesn't deserve my trust?

Because theoretically the government is more trustworthy than a private entity. Unfortunately once monopoly is achieved it seems government is also subject to the same abuses as private institutions.


Who proposed the theory that government is more trustworthy? The government?

It's like that commercial that says everything on the internet is true because I read it on the internet. :)

It's recursive logic and it just doesn't hold water.

Government is the ULTIMATE monopoly and maintains its status through fear.

Once people get tired of fearing their government, maybe we can get around to fixing things.

Wishful thinking and general consensus establish governments.

Yes, government retains its status through fear, but it is the fear of something worse that allows so many abuses.
franco b
 
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: lsayre On: Sun May 19, 2013 11:33 am

Another bazaar and intriguing thing about Bitcoins is that there is no identity upon which the Government is to place the initial blame for them, as the inventor (singly or as a collective) of them was truly a genius of great modesty. That alone has likely kept the highest echelons of our Governments security forces frustrated and flummoxed since 2009. The Government has apparently realized that it can only bite around the edges of the Bitcoin, but never reach the chewy center of its existence.

This guy however believes he knows to whom the credit is due.

lsayre
 
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: samhill On: Sun May 19, 2013 11:36 am

I'm not at all savey to this kind of thing but it seems like some are backing the use of a one world currency that doesn't even exist & that anyone with enough real currency can buy the equipment which sounds like it will need constant up grading. Do you think you could buy & mine bitcoin using bitcoin? I think I'll stick with what I can fold or carry in my pocket before I invest in something that isn't really there & is backed up by who or what, does that who or what really exist? The barter system sounds much safer than most any other to me. http://motherboard.vice.com/blog/a-guid ... -for-20600
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: lsayre On: Sun May 19, 2013 12:18 pm

samhill wrote:I'm not at all savey to this kind of thing but it seems like some are backing the use of a one world currency that doesn't even exist & that anyone with enough real currency can buy the equipment which sounds like it will need constant up grading. Do you think you could buy & mine bitcoin using bitcoin? I think I'll stick with what I can fold or carry in my pocket before I invest in something that isn't really there & is backed up by who or what, does that who or what really exist? The barter system sounds much safer than most any other to me. http://motherboard.vice.com/blog/a-guid ... -for-20600


But what do you really think? I.E., should the US Government, or the collective governments and the banksters and Wall Street Boyz and the central banks of the world crush the upstart Bitcoin out of existence, and if they do so, will they be doing so out of benevolence toward mankind, or will they be doing so because they see it as destroying the very world which they have created and thrust upon us, as well as their own plans for a one world currency and UN controlled world dominance?

And regarding the Bitcoin attempting to be a one world currency, it already has several cyber-currency competitors.
lsayre
 
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: franco b On: Sun May 19, 2013 12:32 pm

Given the volatility of bit coin it seems less safe than what we already have.
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: anthony7812 On: Sun May 19, 2013 12:40 pm

Digital currency is absolutely NUTZ! Push come to shove and the lights go dark where will the Bitcoin get you. Cold hard cash. Regardless of what you like or dislike cash is and always will be king. Look at what giving the banks your money did to the economy a couple of years ago. Ive told my co-workers this once, someday if can retire I want all my retirement in 10$ 20$ and 50$. I will keep that in a fire and water proof safe and whamo If it gets lost I am too blame not a bank or government or whatever. But c'mon BITCOINS! GTF OUTTA HERE :bang:
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: samhill On: Sun May 19, 2013 12:42 pm

I think it has already crashed before & will crash again, I could be wrong but it sounds like a great idea to make something that doesn't exist & sell it for something that does & nobody knows who you are, I think Madoff is in jail for something like that except his mistake was being known up front. Maybe they should make up a twit coin & at least give a clue to what they think of investors.
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: lsayre On: Sun May 19, 2013 12:47 pm

Again, should it be crushed out of existence, and if so, why?
lsayre
 
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: coalnewbie On: Sun May 19, 2013 12:54 pm

.... and like Liberty Dollars what's to say that Fin Gen will just cast this as an unregulated financial instrument which it is. They may not be able to steal it but they can tax bitcoin transactions within the US into oblivion. Bartering is the same but it's non centralized fractional nature makes it unregulatable but if bitcoin get's popular bingo.. They will not allow a competitor to the dollar period. So you might be able to download an untraceable video game from say Bahrain (or piratebay) but it's use will be limited if it's becomes a threat. Mt Gox/Liberty should tell youall you need to know. Tax avoidance just for the sake of avoiding taxes is a crime in itself. Of course it is not a crime if google does it or any of obummers buddies.
coalnewbie
 
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: lsayre On: Sun May 19, 2013 1:18 pm

coalnewbie wrote:.... and like Liberty Dollars what's to say that Fin Gen will just cast this as an unregulated financial instrument which it is. They may not be able to steal it but they can tax bitcoin transactions within the US into oblivion. Bartering is the same but it's non centralized fractional nature makes it unregulatable but if bitcoin get's popular bingo.. They will not allow a competitor to the dollar period. So you might be able to download an untraceable video game from say Bahrain (or piratebay) but it's use will be limited if it's becomes a threat. Mt Gox/Liberty should tell youall you need to know. Tax avoidance just for the sake of avoiding taxes is a crime in itself. Of course it is not a crime if google does it or any of obummers buddies.


One difference is that the Liberty Dollar was exclusive to the USA (and even had denomination stamped upon it in Dollars), whereas the Bitcoin is truly international (and only gains a semblance of value in Dollars through free exchange, independently or through the assistance of dedicated yet open exchanges). Should the USA crush an international currency? What is the difference between owning a Bitcoin and owning gold? If the USA can crush the Bitcoin it can take away our right to the ownership of gold (and if fact, it has done so in the past, and the gold in Fort Knox is the testament to this).

As jpete has already stated, we are about to witness the benevolence (sic) of our Governments power as it plays its hand for the world to see. Any vestiges or facade of our Government's actually being for freedom and independence are about to be laid bare for all the world to see as it rears its ugly fascist head and wields its power to crush freedom before the eyes of all.
lsayre
 
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: coalnewbie On: Sun May 19, 2013 1:36 pm

Larry, yes gold was confiscated in 1933 as it was a threat to the dollar but only fools turned in their coins. Notice that diamonds or Dali prints or even Pt are not boarded by central banks only gold. No they will not confiscate bitcoins as they can't but what they can so is regulate commerce by a simple act of Congress. So they can tax the internet (or think they can) and that is international and as it's a threat to taxation, so is bitcoins and other similar schemes as bitcoins is not the only one. With gold they did not now confiscate it they simply securitized it into leveraged paper (GLD) as there is no gold in Fort Knox or under NYC. Once they get bitcoins into leveraged money they can play with it. It's not even hard for these crooks.
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: jpete On: Sun May 19, 2013 4:39 pm

franco b wrote:Wishful thinking and general consensus establish governments.

Yes, government retains its status through fear, but it is the fear of something worse that allows so many abuses.


The "something else" is the jack booted government goon squad kicking your door in and dragging you away to a cage.
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: jpete On: Sun May 19, 2013 4:41 pm

anthony7812 wrote:Digital currency is absolutely NUTZ! Push come to shove and the lights go dark where will the Bitcoin get you. Cold hard cash. Regardless of what you like or dislike cash is and always will be king. Look at what giving the banks your money did to the economy a couple of years ago. Ive told my co-workers this once, someday if can retire I want all my retirement in 10$ 20$ and 50$. I will keep that in a fire and water proof safe and whamo If it gets lost I am too blame not a bank or government or whatever. But c'mon BITCOINS! GTF OUTTA HERE :bang:


I have all my retirement in Continentals. Seems like a safe bet because I can stick them in my pocket and put them in a safe. :)

None are so blind as those that will not see. ;)
jpete
 
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: jpete On: Sun May 19, 2013 4:43 pm

samhill wrote:I think it has already crashed before & will crash again, I could be wrong but it sounds like a great idea to make something that doesn't exist & sell it for something that does & nobody knows who you are


Sounds like Federal Reserve notes.
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Re: Land of the free fires first shot in effort to crush Bitcoin

PostBy: jpete On: Sun May 19, 2013 4:45 pm

coalnewbie wrote:Larry, yes gold was confiscated in 1933 as it was a threat to the dollar but only fools turned in their coins. .


You mean law abiding citizens?

Maybe it was the threat of 10 years in prison that turned them into fools?
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