Page 1 of 2 12 LastLast
Results 1 to 10 of 12

Thread: Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

  1. #1
    Administrator JohnQPublic's Avatar
    Join Date
    Mar 2010
    Posts
    8,919
    Thanks
    890
    Thanked 2,261 Times in 1,341 Posts

    Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

    Why Bitcoin (And Other Cryptocurrencies) Will Inevitably Become Tools Of The Rich, Powerful, and Criminal


  2. #2
    Unobtanium EE_'s Avatar
    Join Date
    Apr 2010
    Posts
    15,980
    Thanks
    1,067
    Thanked 7,829 Times in 4,493 Posts

    Re: Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

    Quote Originally Posted by JohnQPublic View Post
    Why Bitcoin (And Other Cryptocurrencies) Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

    The title should be "Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful Criminals"
    DON'T TAKE THE VACCINE!

  3. The Following User Says Thank You to EE_ For This Useful Post:

    Hillbilly (4th December 2013)

  4. #3
    Administrator JohnQPublic's Avatar
    Join Date
    Mar 2010
    Posts
    8,919
    Thanks
    890
    Thanked 2,261 Times in 1,341 Posts

    Re: Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

    Quote Originally Posted by EE_ View Post
    The title should be "Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful Criminals"
    Or maybe Why [insert item of value here] Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

    item = food, money, gold, water, weapons, toilet paper, etc.

  5. #4
    .999 Unobtanium Horn's Avatar
    Join Date
    Apr 2010
    Location
    Out
    Posts
    25,647
    Thanks
    1,552
    Thanked 2,866 Times in 2,349 Posts

    Re: Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

    Quote Originally Posted by JohnQPublic View Post
    Or maybe Why [insert item of value here] Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

    item = food, money, gold, water, weapons, toilet paper, etc.
    Aha! again Silver does not make the top 5 list...

  6. #5
    Moderator madfranks's Avatar
    Join Date
    Apr 2010
    Posts
    11,761
    Thanks
    7,376
    Thanked 8,034 Times in 4,008 Posts

    Re: Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

    Honestly, if that happens, the anarcho capitalists who started it will simply start another one that they can use free from impediment from the "rich, powerful and criminal".
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
    - Lew Rockwell

  7. #6
    Gold optionT's Avatar
    Join Date
    Apr 2010
    Location
    ............ ..
    Posts
    538
    Thanks
    128
    Thanked 156 Times in 78 Posts

    Re: Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

    Quote Originally Posted by madfranks View Post
    Honestly, if that happens, the anarcho capitalists who started it will simply start another one that they can use free from impediment from the "rich, powerful and criminal".



    Yep, thats the beauty of cryptocurrencies!
    "We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power." – Alan Greenspan

  8. #7
    Unobtanium PatColo's Avatar
    Join Date
    Apr 2010
    Posts
    15,624
    Thanks
    3,935
    Thanked 6,597 Times in 4,195 Posts

    Re: Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

    I've posted elsewhere already, but really good description of how bc works, and a pitch for using it, by clif high on red ice radio here:

    Clif High - Hour 1 - Bandwidth Caps, Bitcoin, ISON & Nummo Origins

    full description inside ^. Advance to about 30 mins to hear the bc discussion. Despite the chatter around GSUS about bc over the past ~year; I've never really checked it out. This podcast was a great intro. It reminds me of the part 2 or 3? of "Money As Debt", where this sort of currency model was advocated.

    I don't have time to watch both M.A.D. 2 & 3 again; here they are, check them out if you never watched-- I recall it was the latter half of the video where the bc-like currency model was advocated:

    MONEY AS DEBT 2, THE TRUTH ABOUT MONEY

    MONEY AS DEBT 3, THE TRUTH ABOUT MONEY

    FAKE "ELECTIONS" - Why Ron Paul Can't "Win"

    "If telling the truth marginalizes you, then that is the place to be. After all, if enough people are willing to be marginalized, then before you know it, society has developed a different center. This is the politics of truth." -- E. Martin Schotz

  9. #8
    Unobtanium Shami-Amourae's Avatar
    Join Date
    Apr 2010
    Location
    Idaho
    Posts
    14,598
    Thanks
    3,165
    Thanked 7,899 Times in 4,493 Posts

    Re: Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

    Quote Originally Posted by madfranks View Post
    Honestly, if that happens, the anarcho capitalists who started it will simply start another one that they can use free from impediment from the "rich, powerful and criminal".
    I'm a crypto-anarchist (with a Nationalist flare.)


    Almost the same thing as anarcho-capitalism, but you create "Law and Order" through cryptography.

  10. #9
    .999 Unobtanium Horn's Avatar
    Join Date
    Apr 2010
    Location
    Out
    Posts
    25,647
    Thanks
    1,552
    Thanked 2,866 Times in 2,349 Posts

    Re: Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

    I'm with rawdog, if it comes to trading E-flakes I'll just optout and trade mercury dimes, chickens and mangos.

    Too much maintenance over a nothingness barter chip.

  11. The Following User Says Thank You to Horn For This Useful Post:

    mick silver (4th December 2013)

  12. #10
    Unobtanium mick silver's Avatar
    Join Date
    Apr 2010
    Location
    coolville
    Posts
    19,797
    Thanks
    9,936
    Thanked 4,009 Times in 2,836 Posts

    Re: Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

    i already trade with a paper and everyone i hand it to take it . and they dont know me nor were i live
    “Now remember, when things look bad and it looks like you’re not gonna make it, then you gotta get mean, mad-dog mean. ‘Cause if you lose your head and you give up then you neither live nor win. That’s just the way it is.” ~ Outlaw Josey Wales…

    STOP F*CKING WITH US.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •