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1  Other / Beginners & Help / Re: Biggest Scam Ever!! on: June 12, 2012, 04:39:45 PM
It's not a matter of belief at all. Fractional Reserve Banking works more or less exactly as described in the first video. The question is whether or not FRB is inherently "bad" or not. Advocates of the Gold Standard should remember that there are disadvantages to that model as well and there were some sound reasons it was given up. (Such as artificially capping economic growth based solely on the supply of currency.)

A FRB model coupled with Keynesian policies has been successful at minimizing the effects of major recessions and depressions. I find the Fractional Reserve system to be quite disconcerting, but I'm not certain that it's necessarily doomed for collapse.

Bitcoin is interesting precisely because it's neither a fiat currency nor a commodity. It's something new...
2  Other / Beginners & Help / Re: Favorite Class In Diablo 3? on: June 12, 2012, 04:26:36 PM
Demon Hunter if solo; Monk if playing in a group.
3  Other / Beginners & Help / Re: Why do you use Bitcoins? on: June 12, 2012, 04:23:10 AM
I'm just completely fascinated by BTC. It's hard to pin down a reason, but it seems like a disruptive technology in its infancy -- with limitless potential.
4  Other / Beginners & Help / Re: newbie from US, confused how to buy bitcoins on: June 12, 2012, 04:21:20 AM
That's really cool Drudge
5  Other / Beginners & Help / Re: Biggest Scam Ever!! on: June 12, 2012, 04:11:06 AM
Just watched the first one and it was pretty awesome.

That said, it seems like Keynesian economics have been pretty successful over the past century. I'm not sure how all this macroeconomic policy really plays out on the national level....
6  Other / Beginners & Help / Re: What do you wish you could pay for with BTC? on: June 12, 2012, 03:27:21 AM
Steam credit/gift cards. That would be cool. Especially because there's a summer sale coming up.
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