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Title: Anyone can respond to this guy? Post by: grondilu on April 20, 2011, 12:37:47 AM Gosh I HATE thos blogs where you can't comment without registering to some crappy website.
http://yglesias.thinkprogress.org/2011/04/if-you-dont-trust-the-dollar-you-have-lots-of-good-options-besides-bitcoin/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+matthewyglesias+%28Matthew+Yglesias%29 Anyone can tell this guy that bitcoinbugs don't trust ANY national currencies, not just USD? Title: Re: Anyone can respond to this guy? Post by: Anonymous on April 20, 2011, 03:15:01 AM Quote a new firm called BitCoin ::) Title: Re: Anyone can respond to this guy? Post by: steelhouse on April 20, 2011, 04:19:46 AM 1. You still have to pay capital gains taxes. A short-term capital gain regardless of how long you hold it.
2. All the currencies he mentions have inflated too. Canadian dollars >1000% since 1971 Australian dollars >1000% since 1971 Euros >100% since 1998 Mexican Pesos - no data but sure it is up Swiss Francs >300% since 1971 British Pounds > 600% since 1971 Swedish Krona - no data but like all governments it is up But you get the point, government uses currency inflation as a means to tax since it is hidden and there is generally about a 4 year lag before the price inflation hits. The best stimulus you can give your country is a deflation rebate, balanced budgets and surpluses. Title: Re: Anyone can respond to this guy? Post by: fabianhjr on April 20, 2011, 04:40:02 AM Mexican Pesos - no data but sure it is up Yes, regardless with popular belief we are very tidy with information. :P http://www.banxico.org.mx/PortalesEspecializados/inflacion/inflacion.html (http://www.banxico.org.mx/PortalesEspecializados/inflacion/inflacion.html) We even have an easy to use calculator. :D http://www.banxico.org.mx/polmoneinflacion/servicios/calcDeInflacion/calcDeInflac.html (http://www.banxico.org.mx/polmoneinflacion/servicios/calcDeInflacion/calcDeInflac.html) Which ends up being 586,864.65% in 40 years, from march 1971 to march 2011, with an average monthly inflation of 1.82%. Note: The Mexican Peso lost 3 zeros in 1991. ;) |