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Title: Bitcoin - Global Bankers scheme to ditch the Dollar Post by: OmegaStarScream on July 04, 2017, 07:52:52 AM Bitcoin isn’t based on gold, but mathematics, and there is a limit to have many can be created. However, given that nobody controls the production of bitcoin - Starikov asks – by which mechanism does a computer programme generate its own code? Is this artificial intelligence? If so, we didn’t know this kind of level of artificial intelligence exists. Furthermore, why is it that it has been allowed to exist, given that it is only Central Banks of any one country that are constitutionally allowed to create legal tender? If you or I tried to create our own currency, that would be against the law.
The video from here: https://www.youtube.com/watch?v=4F89zKhUu1s&t=77s Honestly, It doesn't look like this (Nikolai Starikov who is a famous writer, politician etc.) knows what he is talking about so I thought I share it with the community to see their opinions on this. Title: Re: Bitcoin - Global Bankers scheme to ditch the Dollar Post by: Kakmakr on July 04, 2017, 07:59:31 AM This is why Bitcoin is so revolutionary and innovative. We have a piece of software, not a central authority that generate a specified amount of currency tokens over time. The creator of this
technology has set the parameters in the code and it does it's thing on a set course into the future. This can only be changed, if the majority of the people decide to do that. This technology gives this choice to the people and not to some government or dictator that manipulates this system to suit their agenda. ^smile^ Title: Re: Bitcoin - Global Bankers scheme to ditch the Dollar Post by: Mandoy on July 04, 2017, 08:09:02 AM Bitcoin isn’t based on gold, but mathematics, and there is a limit to have many can be created. However, given that nobody controls the production of bitcoin - Starikov asks – by which mechanism does a computer programme generate its own code? Is this artificial intelligence? If so, we didn’t know this kind of level of artificial intelligence exists. Furthermore, why is it that it has been allowed to exist, given that it is only Central Banks of any one country that are constitutionally allowed to create legal tender? If you or I tried to create our own currency, that would be against the law. The video from here: https://www.youtube.com/watch?v=4F89zKhUu1s&t=77s Honestly, It doesn't look like this (Nikolai Starikov who is a famous writer, politician etc.) knows what he is talking about so I thought I share it with the community to see their opinions on this. Nikolai Starikov is right when he said that it is uninstitutional to create a currency outside from that is allowed by the law. But he is wrong in one point, even though bitcoin is called a currency but the different states, including those who adopted and those who did not, have not considered bitcoin to be a currency but rather as a form or mode of payment and nothing more. Cryptocurrency such as bitcoin is just like a paypal fund but is not a currency since before a material to be called a currency there must be a declaration of the state. Since bitcoin is not considered by the states as a currency then it is not unconstitutional rather is just a tool or new type of form for payment. |