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Thread: Tell me about Bitcoin

  1. #81
    Unobtanium PatColo's Avatar
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    Re: Tell me about Bitcoin

    Quote Originally Posted by Neuro View Post
    Fascinating... You are most likely a spambot, but go on...

    aww don't be mean. I thought it was an impressive first post. Even copy/pasted a bit into joogle, in quotes, to check if it was a c/p job from somewhere else,
    https://www.google.com/search?source....0.X0pfIaNV_vY

    comes up clean, suggesting it was truly their own composition.

    sorry goldira; we seldom get new member/first posts here which aren't spam.
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  2. #82
    Iridium monty's Avatar
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    Re: Tell me about Bitcoin

    Congressman wants to ban bitcoin because it threatens Federal Reserve

    https://www.sovereignman.com/trends/congressman-wants-to-ban-bitcoin-because-it-threatens-the-federal-reserve-25126/

    A US Congressman wants to ban Bitcoin for threatening the Federal Reserve

    A US Congressman, Brad Sherman, is worried that Bitcoin and other cryptocurrencies will threaten US foreign policy, tax collection, and traditional law enforcement.

    So his solution is to ban it.

    Last week he urged his colleagues to make it illegal to mine, sell, or use Bitcoin and other cryptocurrencies in the United States.

    The problem, he says, is that the US currently gains much of its power from the fact that most international money moves in US dollars, through the Federal Reserve.

    “It is the announced purpose of the supporters of cryptocurrency to take that power away from us… the advantage of crypto over sovereign currency is solely to aid in the disempowerment of the United States and the rule of law."

    His version of “rule of law” includes things like civil asset forfeiture, just straight up stealing cash from people without even charging them with a crime.

    So yes, if that is the type of “traditional law enforcement” Congressman Sherman fears will be undermined, he is correct.

    And since US foreign policy involves funding endless wars with an inflationary fiat currency… well, he’s right again.

    The aim of cryptocurrency is to hand the power of the purse back to the people.

    Which is why it is comical that he thinks the cryptocurrency movement even could be nipped in the bud if they tried

    Click here for the full story.
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