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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.
    Welcome! Tell a bit about yourself if you'd like. For example, are you properly anti-semitic like us? Where are u on the holohoax?
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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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  4. #83
    Gold C.Martel's Avatar
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    Re: Tell me about Bitcoin

    If the Freedom Dividend passes, you will have 230 million Americans collecting 1K additionally per month, who will be asking about bitcoin.

    And gold and silver prices will shoot to the moon also, without inflation. People will be paying off their debts too, so there will be deflation (FRNs being destroyed). Deflation with inflating gold and silver prices.

    A President Yang would be favorable to Bitcoin

    Andrew Yang Just Made Bitcoin And Blockchain A Big 2020 U.S. Presidential Election Issue
    Billy Bambrough
    Billy Bambrough
    Contributor
    Crypto & Blockchain
    I write about how bitcoin, crypto and blockchain can change the world.

    Bitcoin, cryptocurrency, and blockchain awareness got a big boost from bitcoin's epic 2017 bull run, which has been furthered by some of the world's biggest technology companies jumping into bitcoin and crypto.

    The bitcoin price, although it remains far under the near $20,000 per bitcoin it reached in late 2017, has rebounded strongly this year, rising some 200% and helping bitcoin and crypto back into the mainstream conversation.

    Now, bitcoin, crypto, and blockchain have become a big 2020 U.S. presidental issue thanks to Democratic presidential hopeful Andrew Yang endorsing blockchain, bitcoin's underlying technology, shortly after U.S. president Donald Trump tweeted about bitcoin and U.S. Tresury secretary Steven Mnuchin shocked the crypto industry by labelling bitcoin a national security issue.
    bitcoin, bitcoin price, Donald Trump, Andrew Yang, image

    Bitcoin, crypto, and blockchain have been thrust into the public consciousness by U.S. president ... [+]Getty Images

    Yang, who is heavily campaigning on the risks of automation to the economy, has promised to implement a blockchain-based mobile voting system if he wins upcoming U.S. presidential election.
    Today In: Money

    "It’s ridiculous that in 2020 we are still standing in line for hours to vote in antiquated voting booths," Yang wrote on his campaign website.

    "It is 100% technically possible to have fraud-proof voting on our mobile phones today using the blockchain. This would revolutionize true democracy and increase participation to include all Americans—those without smartphones could use the legacy system and lines would be very short."
    PROMOTED

    It's not the first time Yang has spoken about bitcoin, crypto and blockchain.

    In April, Yang called for clearer guidelines for companies and individuals on bitcoin and cryptocurrency acceptance and investments—while also talking up blockchain.

    Just last month, Humanity Forward Fund, a political action committee supporting Yang, announced it would begin accepting bitcoin donations.

    Elsewhere, the outspoken former Republican congressman and presidential candidate Ron Paul has also voiced his support of bitcoin, cryptocurrencies and blockchain, telling CNBC last month more competition between currencies is a good thing.

    The 2020 U.S. presidential election, now under 18 months away, is already gearing up to be the fiercest election ever fought in the U.S.—with both sides determined to prevent the other from winning.
    bitcoin, bitcoin price, Andrew Yang, Donald Trump, chart

    Bitcoin's resurgence this year has pushed it back into the public consciousness. Coindesk

    The bitcoin and cryptocurrency world was left reeling after Trump unleashed a scathing attack on bitcoin and cryptocurrencies, branding them "unregulated crypto assets" and based on "thin air," following social media giant Facebook's unveiling of its potential bitcoin rival, libra.

    Trump has long had a fractious relationship with Facebook, which he has accused of trying to swing the 2016 U.S. presidential election in favour of Hilary Clinton and which has also been accused of failing to prevent U.S. voters of seeing illegal pro-Trump ads.

    Trump's attack on bitcoin and crypto was called "the largest bull signal for [bitcoin] ever," by one crypto industry executive.
    https://www.forbes.com/sites/billyba.../#7e46ea868b68

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  6. #84
    Moderator madfranks's Avatar
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    Re: Tell me about Bitcoin

    Quote Originally Posted by C.Martel View Post
    If the Freedom Dividend passes, you will have 230 million Americans collecting 1K additionally per month, who will be asking about bitcoin.

    And gold and silver prices will shoot to the moon also, without inflation. People will be paying off their debts too, so there will be deflation (FRNs being destroyed). Deflation with inflating gold and silver prices.

    A President Yang would be favorable to Bitcoin



    https://www.forbes.com/sites/billyba.../#7e46ea868b68
    I agree, it would be. But I am not betting that Yang will make it much further, sorry to say.
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  7. #85
    Dangerous Donald Neuro's Avatar
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    Re: Tell me about Bitcoin

    LOL deflation with free money to every one...
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