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From many angles, they're quite similar, but patriots are more known for their defensive acts, while terrorists perform aggressive actions.
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I don't think it's new, nor that it's limited to France. But that shouldn't bother anyone. Snail mail is slow and inefficient, and there's high risk money would be lost. Do you know anyone who would send money in an envelope? I don't.
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Basically, is it smart to put my BTC into one of these accounts?
I'd rather ask: "Is it safe?" A bank doing business with fiat usually have a large building to convince people it will last. What are the credentials of this company? |
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I had wished for many years that fractional reserve banking would become illegal (the financial system would be way healthier,) and bitcoin could finally make that happen.
It is very possible that the economy would be healthier. On the other hand, it's very possible that you wouldn't have many of the things you have today. The system of fractional reserve banking allows businesses and governments to do things they otherwise wouldn't have while the money is free flowing. Sure, there is always a pull back and this causes the "business cycle", but we always progress as a result. You would probably be much healthier too if all you did was stay home all day and workout, eat healthy foods, and avoided all things such as smoke, tobacco, alcohol, microwaves, television, cell phones, etc. But you would also live a very boring life. We tolerate occasional hangovers because it is fun to go out and let loose once in a while. I'm not trying to say I'm all for fractional reserve banking. But it is something to think about. I actually think we have progressed too far, too fast in regards to technology and it's time to settle down for a while. I would be all for a slow, healthy, and stable economy for several decades. I wouldn't mind living without many things most people take for granted, in fact I already have a very simple life. I haven't had a TV in my home for 20 years, but in the meantime, I've seen my friends throwing away their VHS recorders, then their DVD recorders, because they're now buying Blueray recorders and new larger TVs to go with those. I understand this is progress, but is that really useful? I wish there was less money around, so that people (and governments) would focus on the essential, and not waste time on superficial things. Who needs business cycles? We have seasons, birthdays, natural cycles, it's more than enough to avoid a boring life. |
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Fractional reserve banking would be difficult, but that is good. Banking would go back to how it was before that was invented, with bankers only lending the money they actually own. Not a tiny fraction. I had wished for many years that fractional reserve banking would become illegal (the financial system would be way healthier,) and bitcoin could finally make that happen.
It would still be possible to get a credit by putting a mortgage on the house.
It would also be possible to get a financial institution to buy a car, and then rent it to its customer.
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Correct me if I'm wrong but I understand the FBI wants a backdoor on exchanges. The FBI can already look, like anyone, at blockchain.info and get all the info they want about any wallet and any transaction.
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Most of the world's problems come from countries, let's not add another one. Our goal should an open planet without borders where everything is global.
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Terrorism is a huge issue affecting the lives of millions and killing thousands every month, but there's hardly any terrorism in Europe or in the U.S. whereas terrorism attacks happen daily in Irak, Libya, Pakistan, Afghanistan...
Britons don't know nor imagine what terrorism really is. Maybe, they're just lucky.
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The strength of a currency depends on the strength of its users. Are you strong? Are we strong?
There are half a billion people using dollars everyday, with some of them being the richest persons on the planet, so bitcoin is very far behind...
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Greece, Spain, Italy, Portugal, France, Congo, Sudan, Yemen, Zimbabwe... That's only to name a few. You should check the international news. There are many sinking ships in the world, today.
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I'd bet bitcoin is already illegal in North Korea, because people cannot freely access the Internet there. In the free world, some government could say that bitcoin is used for terrorism and money laundering, but as long as there are regular businesses using it, this will guard any government from trying to make bitcoin illegal.
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"The enemy of my enemy is my friend" If the enemy is gone, the truce will go, too. |
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The hope is that if the US has killed the whole LR system instead of looking for the bad guys who were using it, with bitcoin, there would be no other choice but to go for the individuals who use it for illegal purposes. The FBI and the CIA have assuredly what it takes to follow what's happening to the bitcoins sent to the silk road.
But I'm worried because many LR users were outside the US. How come the US can freeze their accounts?
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Bitcoin is NOT an investment, and it would be much better if nobody sees it as such.
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I don't quite imagine what fighters would do, but maybe some lawyers and lobbyists could help.
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Bad news. Not for the users of this forum of course, but there are people who don't know the difference between bitcoin and libertyreserve. They will just see that one way to keep your money online has been shut down down, and that many have lost their cash. All bitcoin supporters have to tell anyone they know that libertyreserve was a totally different system, and that what happened to it cannot happen to bicoin.
But I'm still waiting for explanations about what happened to libertyreserve.
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It could work. There's already airbnb but they take fat commissions. I would enjoy a bitcoin-based service with lower fees. But you'd need to spend a lot in marketing to begin.
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If I understand the pope, it's not money he's after, but consumerism and widening inequalities. The poor are made even poorer when they look at the rich in fancy clothes and flashy cars. And that's some kind of a tyranny because some people believes it's impossible to be happy without all the luxuries of the modern world.
This has nothing to do with bitcoin.
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