Actually you are right. But you are wrong asking the question "This is good in what way?"

It's irrelevant whether or not it's good, the original question was whether or not Bitcoin is or has a government and the ability to fork it, what ever this would actually mean for the value of the system, proves it does not. If I want to use Bitcoin, I can, however I cannot force others to use my version of Bitcoin even if I modify the original Bitcoin and have enough rule enforcement power which is something a government could do.

You are very close to the truth so let me help you get all the way there.. If I counterfeit money is it not fraud if I tell everyone what I'm doing (if my counterfeited notes indistinguishable from real notes)?

FRB robs savers by lending money to borrowers that doesn't exists effectively transferring purchasing power from savers to borrowers without their consent but not only that the bank also artificially increase the supply of loans which lowers the available interest rates on loans even further punishing savers. It's fraud, disclosed in a free market or not.

Can you see that now?

Making mere statements doesn't make a thing a thing. So before you ask silly questions make sure you got the facts right. Fact is forking isn't what you say it is.

Goes to show what liquidity of bets in all directions through Bitcoinca meant for ze price stabeelethee.

I'm glad I can broaden people's horizons

Precisely.

Legitimized(legalized) fraud forced upon us by the monopoly on violence that is the state. Rest assured in a society with a few consistent and mandatory rules (some call it anarchy) this kind of practice would not be tolerated.

Wrong. If majority starts enforcing a new rule, it's no longer bitcoin. It does not matter how few people use the original code, they can still use it in their own fork. There is no government, there's just a tool that has rules that you either use and follow or you don't, there are no buts.

No matter the circumstance, fractional reserve banking is fraud in it's purest form.


facts:

• when a bank loans more than the amount of it's deposits, it creates money(currency, promissory notes, certificates) out of thin air
• when anyone in an economy creates money out of thin air they effectively steal goods and services from everyone else holding the same money
• not only does a bank steal by charging interest on money created out of thin air, they also steal goods or services pledged as collateral after an increased number of people default when an inevitable bubble fueled by their money creation pops
  

These facts do not magically go away if there is no state mandated fractional reserve banking. They hold true even in free market fractional reserve banking. It's nothing but a scam and if people ever want to live in peace and be truly free and prosperous you better wake up to these facts.

Adam Kokesh:
No, no, no, no and no.

Even if they can't actually loan money they are still stealing from those holding their certificates or promissory notes. Granted under such circumstances the inevitable problems that would arise as a consequences of this fraud would play out on a much smaller scale but the facts would nevertheless remain the same: The bank is committing fraud.

I mean where is the difference if a bank is stealing from holders of dollars or holders of a private certificates or promissory notes? Stealing is stealing, period. If I'm wrong, please show me how placing fractional reserve banking somehow removes the above stated facts.


Example:

Someone who agreed to a bank fractionally lending it's certificates or promissory notes payed me with the notes for my goods. I now own the financial instrument for which I know I can go to the bank and the bank will redeem it for the underlying asset. I also know I can trade this promissory note to someone else willing to accept it.

Just where exactly in the above example did I give my consent for the bank to rob me of my purchasing power if I instead decide to save or trade this financial instrument instead of redeeming it? No where.

Someone came to me, gave a note that was a promise to pay and all I need to accept is the trust that the bank will pay or the trust that someone else will accept this note.

But not only that, the bank is also without consent robbing people who hold the underlying asset because they are creating representations of this asset making it appear there is a greater supply of it than there actually is. A good example is what LBMA banks do to gold with allegedly issuing paper gold and manipulating the price of the underlying asset physical gold.

Did I give them my consent as a physical gold owner for them to do so?




One more time, the facts of fractional reserve banking are inescapable and it's, dare I claim this, impossible to get consent to these facts by everyone involved.




It's pure fraud, period.

No the lowering did, rise in rates is what exposed the bubble and popped it.

I converted 80% of my savings into gold 3.5 years ago and I already gained a lot more purchasing power since and you want me to believe I'm going to "lose a lot of money"?

Bwahahahaahaha oh how cruel the day of reckoning is going to be for you once your delusions get smashed against reality.

Bwahahahahahahha just goes to show how utterly clueless and ignorant of past evidence you really are.

Ditto.

Miners have the ability to do so while casual users do not. Where in these facts do you see your eulogized democratic equality is my question..?

Isn't competition awesome?  

We now have an exchange with a "rake back" program for day traders trading bitcoins. Excellent idea!  

Precisely. I'm well aware that the market's natural path right now would have to be severe price deflation and rise in purchasing power of currencies. But I'm not so stupid to ignore what the stupid politicians are going to do in an attempt to save their crony friends and that's why I don't care even if gold goes down to $1400 because I'm certain in 1 year it will be higher than it is today.

Too late.   


Of course in the short term this ^ means nothing and is as childish as cypherdoc posts.

Having fun? You do see the rest of the commodities and you do see USDX and you do know what that mostly likely means for the near future right?

Yeah? Bitcoin is/has a government? 

I'm trying really hard to restrain myself from using some nasty adjectives for your argument. 

ORLY: http://www.zerohedge.com/news/canary-gold-mine-historic-move-japanese-pension-fund-switches-gold-first-time-ever