You Know Whats f**king Sad?

[johnniewalker]

First of all, the need to create Bitcoins. But even more than that-bitcoins are tied to the USD. And do you know HOW MANY people are buying silver/gold instead of taking their "paper". Cause thats what it is-paper. Even change will be soon. Mr GreenJew (no offense) just stays posted all day making as much money as he wants. The reason things 99% of the time are raised in  price is because of inflation-GreenJew got excited and printed a bunch more.
Basically, the USD is backed by...not even the US (its not Federal)paper?
Now, we've stepped back in time to when the Silver Standard existed.
We are almost literally repeating historical economics that did not work out so well.
God help us.

[1714107847]

1714107847

[1714107847]

1714107847

[1714107847]

1714107847

[1714107847]

1714107847

[1714107847]

1714107847

[1714107847]

1714107847

[hazek]

I'm sorry but I haven't the faintest what you are on about, your post isn't coherent enough to really convey anything. Better luck next time.

[meowmeowbrowncow]

Inflation based theft.  It doth suck.

[vokain]

First of all, the need to create Bitcoins. But even more than that-bitcoins are tied to the USD. And do you know HOW MANY people are buying silver/gold instead of taking their "paper".

Well, it'll be up to the market to decide how much a dollar is worth in bitcoins then. Just a matter of time pending economic meltdown/awareness of why the economy we have doesn't work .

[Realpra]

I'm sorry but I haven't the faintest what you are on about, your post isn't coherent enough to really convey anything. Better luck next time.

But he gets inflation-theft... what is the mental state of all the millions that accept it gladly? 

[creativex]

The peasants would likely revolt if they even had a clue that inflation tax theft existed. A candidate for POTUS standing there holding up a 1964 dime on every major network and exclaiming that it still buys pretty much the same amount of gasoline it did when it was minted didn't even phase the fluoridated masses.

[Lethn]

....... Peasants?.... Really?.....

[creativex]

Yes peasants...you know, pitchfork carrying farm boys. Like yours truly.

[RodeoX]

First of all, the need to create Bitcoins.

But even more than that-bitcoins are tied to the USD.

Mr GreenJew

Huh?? 

[Blazr]

First of all, the need to create Bitcoins.

Do you mean creating the concept of Bitcoins, or actually generating the Bitcoins themselves?

If you mean generating Bitcoins, How else do you think we fairly distribute them? You think Satoshi should have just started off with 21 million BTC in his wallet?

But even more than that-bitcoins are tied to the USD.

Where did you hear this nonsense? This is completely untrue.

[Qoheleth]

Now, we've stepped back in time to when the Silver Standard existed.

How so? Say what you will about silver certificates, they still meant that US banknotes were claim tickets for a commodity, instead of deriving their whole value from tax-coupon status and historical confidence.

GreenJew (no offense)

If you mean no offense, then stop using "jew" like a dirty word.

[notme]

GreenJew (no offense)

If you mean no offense, then stop using "jew" like a dirty word.

Also, if you're referring to Greenspan, he hasn't been Fed Chairman since 2006.

[myrkul]

GreenJew (no offense)

If you mean no offense, then stop using "jew" like a dirty word.

Also, if you're referring to Greenspan, he hasn't been Fed Chairman since 2006.

Yeah, it's Helicopter Ben, now.

[johnniewalker]

I'm sorry but I haven't the faintest what you are on about, your post isn't coherent enough to really convey anything. Better luck next time.

Alright, apparently I have to simplify it for you.
Before Eisenhower eliminated the Silver Standard, every $note represented a certain bit of silver. If you had $5 you could go to the bank and get $5 in silver (as in silver certificates).
Now, our (USA) currency is tied to NOTHING. Literally it is a piece of paper. What gives things value? Utility and scarceness. Obviously dollar bills don't have much utility. But they have a certain degree of rarity. However, the Fed Rsrv can print as much money as it wants, causing inflation and making $1 worth less.
Bottomline: only FINITE forms of currensy work (gold, silver, etc). Our money system is INFINITE and therefore gives way to inflation.
make more sense?

[DannyHamilton]

I'm sorry but I haven't the faintest what you are on about, your post isn't coherent enough to really convey anything. Better luck next time.

Alright, apparently I have to simplify it for you.
Before Eisenhower eliminated the Silver Standard, every $note represented a certain bit of silver. If you had $5 you could go to the bank and get $5 in silver (as in silver certificates).
Now, our (USA) currency is tied to NOTHING. Literally it is a piece of paper. What gives things value? Utility and scarceness. Obviously dollar bills don't have much utility. But they have a certain degree of rarity. However, the Fed Rsrv can print as much money as it wants, causing inflation and making $1 worth less.
Bottomline: only FINITE forms of currensy work (gold, silver, etc). Our money system is INFINITE and therefore gives way to inflation.
make more sense?

I understand your view of fiat. Others have this view as well.  You may be right, you may be wrong (regarding your assertion that "only FINITE forms of currency work"), only time will tell.

What I don't understand is what you meant when you said: "First of all, the need to create Bitcoins. But even more than that-bitcoins are tied to the USD."

[FreeMoney]

I'm sorry but I haven't the faintest what you are on about, your post isn't coherent enough to really convey anything. Better luck next time.

Alright, apparently I have to simplify it for you.
Before Eisenhower eliminated the Silver Standard, every $note represented a certain bit of silver. If you had $5 you could go to the bank and get $5 in silver (as in silver certificates).
Now, our (USA) currency is tied to NOTHING. Literally it is a piece of paper. What gives things value? Utility and scarceness. Obviously dollar bills don't have much utility. But they have a certain degree of rarity. However, the Fed Rsrv can print as much money as it wants, causing inflation and making $1 worth less.
Bottomline: only FINITE forms of currensy work (gold, silver, etc). Our money system is INFINITE and therefore gives way to inflation.
make more sense?

I understand your view of fiat. Others have this view as well.  You may be right, you may be wrong (regarding your assertion that "only FINITE forms of currency work"), only time will tell.

What I don't understand is what you meant when you said: "First of all, the need to create Bitcoins. But even more than that-bitcoins are tied to the USD."

Didn't you know anything you can buy with money gets part of that money's money-ness infused in it?

It's a problem I often have with chairs. This chair I am in is so comfortable, but I'm dismayed that it is tied to the money I bought it with which greatly reduces it's chairy-ness.

[Rudd-O]

Has anyone really been far even as decided to use even go want to do look more like?

[myrkul]

Has anyone really been far even as decided to use even go want to do look more like?

lol... not your most coherent post, man. Want to re-arrange those words into a sentence?

I mean, did the DMT just kick in, or what?

[Rudd-O]

:-) http://knowyourmeme.com/memes/has-anyone-really-been-far-even-as-decided-to-use-even-go-want-to-do-look-more-like

in reply to OP -- been sitting on the idea of making this post for a few days.

[myrkul]

:-) http://knowyourmeme.com/memes/has-anyone-really-been-far-even-as-decided-to-use-even-go-want-to-do-look-more-like

in reply to OP -- been sitting on the idea of making this post for a few days.

Ahh. I lol'd.