They can't have their own currency because that was not specifically negotiated in a treaty. They don't have to pay taxes on income earned and they are raping the American dollar away from citizens with casinos. Why would they want to change that situation anyway? http://www.bia.gov/FAQs/Limitations on inherent tribal powers of self-government are few, but do include the same limitations applicable to states, e.g., neither tribes nor states have the power to make war, engage in foreign relations, or print and issue currency. how is an exchange or a bank involved in printing or issuing currency? They plan on running an exchange AND a mining operation. The mining is clearly "printing/issuing" currency. |
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Given that it is within the power of the Chinese Gov, to ban or at least ban all Chinese companies from dealing in Bitcoin, why have they not simply banned it?
How could they ban it and under what grounds? Even if they did 'ban' it, it's not going to stop people from using it. When countries have severe hyperinflation they always ban the use of foreign currency and everyone keeps on doing it. At some point people are pushed far enough that they perform civil disobedience. |
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No Elwar I don’t think bitcoin will have tea party. It might have small tea parties but at the end it will crash in a way that it won’t be able to recover ever. I guess that time is not too far as China have already got active to end the tea party of bitcoins. So just wait and watch for bitcoin to end up infinitely
... did you even read the post you are replying to? I am not accusing you of being wrong, I am saying you are ridiculously misrepresenting the argument you supposedly counter and are arguing on some completely different issue unrelated to the thread. |
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Counterfeiting is illegal, but no one is contemplating doing that.
Who said anything about counterfeiting? http://en.wikipedia.org/wiki/Liberty_Dollar#Legal_issuesWhoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title or imprisoned not more than five years, or both. http://www.law.cornell.edu/uscode/text/18/486Making an original design coin that DOES NOT resemble any existing coin is a crime in the USA which carries the senteance of 5 years in prison and a fine (and historically, total seizure of assets). I am pretty sure its a crime everywhere else. |
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The mass media press is losing money because it is losing trust. More and more people realize how bad they are at doing their jobs.
They mishandle every story, take the wrong stance on every issue, and can't seem to get into their heads the idea of unbiased reporting of facts. The article even admits they have been unfairly bashing bitcoin
They also seem to be married to obsolete distribution models. Blogs are not necessarily less trustworthy than a printed piece of paper.
As for ad revenue, claiming that its worse for online ads then it was for newspaper ads is ridiculous. Its never been higher as google can attest.
I agree - the media industry has been losing trust for a while now, especially here in the UK. Too many scandals to count, they need to improve their behaviour. But I do think that there is a role for the media to play in the world today, I don't think blogs can do everything. For example, who can report reliably from a war zone? There are many other examples we could talk about to show that you do need some kind of professional media. The only reliable reports from a warzone I have ever seen were from bloggers. Also, a blog =! one dude with no budget. The huffigton post is not a reliable or trustworthy source, but it a massively funded operation. I didn't say we don't need news, I said the established news outlets are untrustworthy. However you have the rising of new news media, project veritas for example is a good example. It started out as one guy doing real investigative reporting and it grows, and grows. Now he has a budget and entire teams of undercover agents doing actual honest investigative reporting. While your typical news megacorp trawls the internet for random blog posts and reprints them without verification as if they were fact. |
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In what country is it illegal to distribute privately minted precious metals containing writings?
Most of them. In what country it isn't? |
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The answer is ideologically a Constitutional Republic. The only problem with this type of government is that it usually ends up requiring the use of force to "reset" itself once the "representatives of the people" begin to represent primarily themselves and the interests of special parties...
Just like every democracy fails the same way, every constitution is eventually ignored. Every republic in history ended up a democracy. The united states is a perfect example. It was a constitutional republic, but the protective authority of the constitution has eroded to nothing and people are voting in theives who promise to steal from others and award them, as well as tyrants who promise to oppress those they dislike (which happens on both major political parties) |
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In other words, once the common herd discovers they can vote themselves other people's money the jig is up. This already happened in every democracy in the world. Hence, democracy destroys itself from within. Alas, such is human nature that democracy is not the answer - rather, the right to private property and wealth is the only way to create prosperity. But what kind of government prevents the parasites from voting theives into office yet simultanously ensures the right to private property and wealth? |
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Didn't the last private company to mint gold coins got shut down by the USA and have all their gold confiscated?
He was supposedly counterfeiting US dollars. That is not all what is going on here. No, it was not counterfeiting US dollars. It made a coin made out of solid gold and the IRS argued that is counterfeiting because someone might confuse it for a "real dollar" you do not know what you are talking about. trust me, this is not the same issue. They accused him of everything from counterfeiting to terrorism. |
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Didn't the last private company to mint gold coins got shut down by the USA and have all their gold confiscated?
He was supposedly counterfeiting US dollars. That is not all what is going on here. No, it was not counterfeiting US dollars. It made a coin made out of solid gold and the IRS argued that is counterfeiting because someone might confuse it for a "real dollar". Even though it looked nothing like dollar coins, and was made of gold |
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Oh hey, the poll was updated with new options...
still no "For Freedom" / "For my beliefs" / "For the Cause".
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Yep, that's right. I was talking to friend about the Boston bombing that happened recently. He was all happy that the LEOs handled it so quickly and kept talking about what a great job they did. All I could see when looking at the still images and videos was flash backs of studying WWII Germany. Jackbooted soldiers marching into peoples homes without Martial Law and without a warrant. Scary!
Can someone educate me about this please? I have been living under a rock for some time. What boston bombing, who is the LEO, and what happened with jackbooted thugs marching into peoples home |
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any sort of investment is pretty much a "Transfer of wealth" one way or the other No, if that was the case then we would all still be living in caves. Wealth can be created, it can be destroyed, and it can be transferred. when you're buying real-estate, gold, silver , etc etc if you are defining things this way it's all gambling as the price can go up or crash down. If you spend your money to start a company that manufactures something then your investment has created something, that is producing wealth. If you hire contractors to build a house where none existed before, you created wealth. When you write software you create wealth. A farmer growing corn is creating wealth. If a city is bombed or burned down then wealth is destroyed. A car or a tracktor wearing down over the years of use is wealth being destroyed, a house rotting away over the years is wealth being destroyed. A HDD failure making you lose the sourcecode for your software is wealth being destroyed. A person eating corn is destroying wealth. Speculation is buy low sell high... or at least attempting to. Everything you gain by buying low and selling high, someone else lost by buying high and selling low. Usually speculation doesn't occur in a vacuum and is married to production. They finance the creation of new wealth (company that sold the stock has more capital to invest in machinery or raw materials), but they also facilitate the transfer of wealth between individuals (value swings on the stock market). In bitcoin terms: mining = create wealth as new coins are created destroying a wallet containing coins = destroy wealth (well, lose it, probably permanently) buying low selling high & vice versa = transfer of wealth. For every $ you make on buy low sell high, someone has lost exactly the same amount of dollars buy selling low and buying high. PS. I do not support the op's notion that speculation isn't an investment. Nor do I think that the existence of speculation is bad. Since people who speculate inadvertently also finance wealth creation |
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As for the poor countries obligations, if they can't pay people, they can't pay people. What good is printing more useless money anyway.
The "good" is that it allows them to confiscate funds from the populace via inflation (which is really really bad; but they keep on doing it) |
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If China isn't a democracy then what is? The U.S.? Because of course we know that there are absolutely NO people in the U.S. that are paid to spy on their own citizens, and never for monetary gain! Pftt...
At least in the USA a citizen can name what amendment is under attack. A judge can do the same. Slavery was codified then broken. In no way it means racism is gone in the USA, freedom are not under attack in the USA, inequalities etc. But at least you can see it, read it and do whatever it takes to fight for what you believe should be "right", no matter your political spectrum in the USA. Now can you name me what Chinese constitutional amendments are under attack right now? No you can't, it has already been revealed that the NSA targets people who spread controversial political ideologies and people that are against USA waging wars abroad etc. What I like about China, Russia and other countries is that they are corrupt but they don't deny it, they don't brainwash their people to believe that they are freedom fighters and so on, no one even bother to hide just how corrupt they are, they are bad liars. The difference is that the USA had been less corrupt at some point and is getting worse. I would actually say china is getting better, its still corrupt as hell but it was worse in the past. |
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... and they are raping the American dollar away from citizens with casinos.
Rape is not voluntary. Casinos require effort to travel to, and participation is voluntary. Even with the casinos, the Native Americans have not been treated justly in accordance with the treaties. When have we ever treated the Indians justly. Who is the "we"? last I checked the average american is on the receiving end along with the indians. |
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Limitations on inherent tribal powers of self-government are few, but do include the same limitations applicable to states, e.g., neither tribes nor states have the power to make war, engage in foreign relations, or print and issue currency. I wonder however if this limits them from accepting other currencies..... If they don't mine bitcoins but just use them? That does sound like it puts a big hole in his plan, he should drop the mining part entirely since that would be a clear case of issuing currency. The treaty obligations are a double edged sword that can be used to advantage. At this point the powers have made a point of avoiding declaring BC a currency. As long as they do not, the tribes will have free reign. As soon as the powers make such a declaration they open the floodgates that will demand unenforceable regulation. Either way it is a win/win for both Bitcoin and the tribes.  The united states treatment of egold and the 2 other gold companies from the last decade shows that the USA is more then willing to use contradictory laws. Take egold, egold has been DENIED status as a financial institution by the IRS, then a new law was passed that redefined what a financial institution is. Then it was applied retroactively (retroactive laws are unconstitutional) to them for prior years, and they weren't allowed to apply for a change in status now that the law change, they were just shut down. So what you call a win is not necessarily one as history shows |
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Just because both china and the USA violate human rights and even their own laws at the whims of the tyrants doesn't mean that the scale of the violations are the same.
Also, the ability to complain about and fight against these violations without being tossed in a gulag is important.
That being said, I don't delude myself into thinking the USA is truly a "land of the free". its the "land of the slightly less enslaved"
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