Bitcoin Forum

I thought Bitcoin was created as a Libertarian f_ck you to the Federal Reserve and centralized banking. All I see now is "think about the poor people in -insert country here-". One of the latest ones, Nigeriacoin wants us sympathize for criminals. Maplecoin wants to save an already stable economy. The saddest part of all is that my fellow Americans think that indian tribes are actual sovereign nations. They are no more sovereign that California or Texas. If the Lakota Nation was truly sovereign and wished to have there own currency, they would already have there own fiat.

Now for all of you bleeding heart liberals that think they are making a difference, thank you for allowing me to dump my -insert national shitcoin here- on you.

Actually, Federally-recognized Native American tribes have a government-to-government relationship with the United States and ARE seen as being sovereign nations.

For all the good it does them ...  :( 

they are a ploy to mask nothing more than yet another ponzi scheme.. a mew coin to clone and pump and dump.
it is a new angle of sorts ..they will find other excuses too

and it sickens me and blows me away that people get involved with this crap too.. look at Cryptsy adding AUR and how it 's worth $14.50 usd each right this minute.
what the hell does that tell you ? You think any of these greedy dick heads give two shits about the people of Iceland ?

we're watching they demise of crypto and it's going to take Bitcoin itself down with it too.
short term all kinds of jerks will make as much as they can and when things get bad they will hide and vanish and walk away bragging about the Lambo's
..while standing on the necks of the people they suckered and drained dry .

Like I stated, so is California and Texas. The Constitution grants only the Federal government the authority to "coin." There is no exemption to Native Americans outside of treaties. If they had a need for their own currency, they would already have it.

LOL, you Americans crack me up!  ;D

NO

Crypto is just getting started. The demise of crypto. Lol

Youre entitled to your opinion. Mine is that this is only the beginning

Well, it's really more people going in with a plan to get rich under the guise of 'think about the poor people'. I don't think any of the country/nation coin creators actually care about their supposed cause.

lol america jr.

I agree that this is just the beginning. It is still an experiment, yet too many people think that it is the solution already. At best, crypto is competition to Visa and Western Union. It is currency when you can collect and pay in crypto without conversion. That day is a long way down the road.

I just don't understand the total lack of economic knowledge that I see around country coins. The concept of a decentralized currency helping a centralize society doesn't make the slightest bit of sense. With half the supply in speculators hands, not the government, nor the people will be able to control their own economy.

You are pretty much on target and if the "We Want Bitcoin To Change The World" knuckleheads would bother to read the original bitcoin abstsract, they would find that you are indeed correct in your assertions.

The abstract may be found here:

https://bitcoin.org/bitcoin.pdf

By "bringing bitcoin to The World" they are in point of fact, defeating the original intent but they don't let that stop them!  We had a good thing and they are making am mess of it.

If they want to "change the world" maybe they should go live on a Kibbutz or join the Peace Corps but in any case, they should get the Hell out of crypto!

My $.02.

;)

You have coins like Darkcoin which is trying to fix a real problem. You have Nxt and Nem and the like that are actually bringing in new things and are not just copies with a new marketing spin.

Even Devcoin and a few others have something different that is unique to their coin.

Then you have the rest that may be trying to say they are going to become widely used, and will be the next big thing, or will actually go mainstream and be used by the general public. If someone has some they convince themselves that this will happen. They have a boatload. They pull out the calculator and see that million dollars jump off the calculator and into their bank account.

Then two weeks go by and they sell for a 75% loss. Then they do it all over again. Or they get hip to the pump and dump game and start to make a few bucks. Some of these scam/pump&dump coins even admit right from the start that they are for "speculation".

It is what it is. But the crypto world isn't going anywhere. It will all run its course. In the end I believe it will only be stronger because of it.

The sky is not falling. And don't hope that people stop making scamcoins. I wish I could make 100,000 of them right now. The more there are, the less relevant they become. Once there is 5000 coins they will all be nothing. The more there are the better because then they will fade into each other more and more.

A new coin will have to BE something to be even noticed. This is already starting to happen.

Ummmm, they do mint their own currency.

http://www.freelakotabank.com/lakota-currency/

"Additionally, we authorize the private minting of our own private currency"

Their "currency" is as authentic as coins from the Franklin Mint. They are worth their weight in gold and silver, nothing more. I do encourage them to trade in precious metals instead of fiat, which the website states that is their goal.

"We encourage you to negotiate the best exchange rate from your national currency to Lakota or any other reputably-minted .999 fine silver." That means good luck getting what you paid for it.

Under International Law all indigenous populations have the right to adopt their own currency independent of their host nations (granted most host nations ignore international laws).

 

And it should be that way, but the US has more of a "sit down and shut up" approach when it comes to respecting others rights. Native Americans in California couldn't even have casinos until the state put it up for vote. That is not very sovern when the state gets the final say on what the indigenous people can and can't do on there own land.

Yall want to care about how others views in the way it affects a perception of p2pcoin currency specifically Bitcoin.  Haha maybe you should go back to USDs if you don't care about the 6 billion people that are not banked with a internationally trusted and recognized financial system. Treating people as charity is wrong but empowering entire populations to participate in an economic systems. This is the most important invention of the 21st century so far bare none.    Did yall ever stop to think how close minded talking about this makes you seem.  What Bitcoin is to anybody else doesn't concern you and certainly doesn't hurt the adoption, that's completely beyond your simpleness. 

OP is like 13 years old and has no clue how the world works

Closed minded, no. Realistic, yes. I see the bleeding heart liberals are starting to join the discussion. You do realize that very few people even know what Bitcoin is, let alone understand how crypto can be a good thing. What are you doing on the forum anyway? Don't you have a sociology class to be studying for?

Prove me wrong about anything I've said. With facts, not your opinions. Go read the economic theory of what Bitcoin is about. Go study what rights Native Americans really have. Then get a clue why the value of all of these shitcoins keeps crashing. I do thank you for your money though. I don't need a job when I make enough money taking advantage of you bleeding heart fools.

Try spending some time watching penny-stock mining-exploration juniors and you'll see exactly the same phenomenon. That, in a thoroughly regulated market.

In a way it's tragic, but you can't regulate the greedy/gullible/hive-mind side of human nature. You can only ban it outright, and even then it squeezes through elsewhere.   

since we all know the people of Iceland are not going to redeem their coins it's a massive cash grab nothing more.
imagine having a whole country full of pm's at Bitcoin talk requesting their coins they are entitled to lol

bottom line is a premine is unbelievably valuable .. having millions or in AUR's case 50% of all coins that could ever be mined on launch day
means those coins are worth far more that $14.50 each and the coin cloner now has the ability to play with them behind closed doors..
he can flip them and make a million dollars and still in the end have the coins needed to hand out to any kickbacks, bounties etc.

it blows me away how people support and defend this crap while the coin cloner sits in silence with their feet up relaxing sipping a martinee
while squacky little pukes do the work for them defending their scam coin so they can make 1 bitcoin while the coin cloner make 1,000..
and he can then pick a new country and and new forum name and Bictointalk does nothing, Cryptsy add's the coin, pools ops fumble over each other to set up pools
and loser douche bag flash miners scream take my money and brag about their lambo's after scamming people later..
remember every Ponzi scheme has losers on the bottom of the pyramid scheme.. it's how they work.

It's not politics it's a technique / angle used for setting up a pyramid scheme.

You all permit this behavior and condone it and aid it.
You provide the forum's etc for them to post them and you provide the exchanges and the mining hash power.
These scams could not get off the ground if it wasn't for all of you jumping in head first and playing dumb about it.

Welcome to crypto ..check your morals at the door.

drain all the noobs that come here dry as fast and as hard as you can and see what it gets you dipshits (flash miners, pool op's, exchanges etc)
what will happen is clear.. even if you choose to play dumb
and that is the world will grow more and more disgusted and go to greater lengths to stop all this.
You will also disgust people so badly that new users slow to a crawl and existing users will grow tired of a community made up almost entirely
of masked shadowy name changing coin cloners who saturate the market with pyramid scheme coin clones.
I have witnessed and made a hobby out of watching the reaction of crypto on media outlets across the world from Local to world news to various new web sites
and the overall perception of Bitcoin itself is bad a year or two ago people thought it was a Ponzi scheme and since it's gotten worse.
If you don't believe me i can go grab a dozen random examples and show you quotes proving my point.

One year ago i seen this forum and what was happening over all and i was disgusted and i was so sickened by the scene i had serious doubts i wanted to get involved at all.
what are people going to think now ?

You guys know who you are and you know what your doing is wrong and you need to smarten the fuck up and quit playing dumb.

Politics has nothing to do with it sorry.. none of us care about Liberals or Democrats or what ever lol
All that shit is is stereo typing.. people have views that can span both parties so pigeon holing someone with a label as one or the other is dumb and probably inaccurate.

suck em dry while you can scammers.. the cash cow will dry out soon enough

"I thought Bitcoin was created as a Libertarian f_ck you to the Federal Reserve and centralized banking."  blah blah blah.


Dear moron,

Your comment belies a complete lack of how our world economy works. A subtle but overlooked point by your ilk is that all major export driven economies manipulate their currency, the US must do the same to stay competitive and to keep manufacturing jobs in this country. The stealth way to do this is to print dollars to weaken the dollar. The key point is that our economic competitors in Asia and Europe will do ANYTHING to keep manufacturing jobs in their country up to and including currency manipulation as a part of the tool kit.

Do you think an altcoin could be superior to the lakota silver based accounting.   They charge 1 oz of silver a month in fees, alt coin is much cheaper then that to transact in.

Often I dont send in bitcoin, I use doge or some other coin.  Because its usually much cheaper to send to multiple recipients even if I have to convert to it first.   In usage I see alt coins as ok so long as the miners are willing to process it, not sure its a rip off.
In holding or investment Im not sure any are better then silver, as silver has a base line from natural interest and use.  You can break it apart if need be, Lakota stands on its own because of that where as crypto is alchemy but not substance.   I dont think its a scam, there is some utility but no raw investment potential only by pure innovation is worth added?

  Global commerce can and does have a use for crypto coins and its upto miners, devs  to compete for that market business with service and use of ease, this is fair market risk on both sides?

https://i.imgur.com/a7SsPZt.png

I am fully aware that currency is manipulated. That doesn't change what the economic theory behind bitcoin is about. It is an experiment, not an answer. I was stating that you are not going to save a bunch of people with something they know nothing about, just because it is in your heart.

Sincerly,
The Moron.

Liberal is not a political party, it is a view point. There are liberal Republicans and conservative Democrats. They are the "center".

No,

They cant do jack

How to evaluate a cryptocurrency and what to look for before investing.

http://razorsforex.blogspot.com/2014/02/which-cryptocurrency-should-you-invest.html

You are right in many respects, but look at what happened in 2008. The entire world was swindled by the scammers on Wall st and Washington politicians. Also nobody was complaining when housing was going up every month, everyone was more than happy to take out loans against their house to buy new cars and tv. The entire world is built on BS and Fraud. What you see here is just a reflection of the real world. You can't fix it!!!!

Before 1971 the world was built on exchanged value and comparative advantage and people did well where free enterprise was available.     Please dont argue this current scenario is the norm where whole economies are based off political deception.   The norm for the world is established value of some kind and mutual benefit to seller and buyer but we have politicised currency inherent in every business deal now

http://www.youtube.com/watch?v=iRzr1QU6K1o