Bitcoin making inroads with the hardcore gold bugs?

[hazek]

Check it!: https://www.lewrockwell.com/donate/

LRC now accepts Bitcoin donations!

Man it sure seems we're just on the cusp of new and bigger avalanche of users that are about to (re)discover and finally adopt Bitcoin!

Let's not keep this quite either. Donate some if you can to show our support (I made a small contribution myself) and comment here if you can: http://www.dailypaul.com/267728/check-out-lewrocwellcom-donate and even send contact@mises.org a mail!

If you ask me, it's time. We can now start asking them "So.. what are you waiting for?"

[becoin]

Man it sure seems we're just on the cusp of new and bigger avalanche of users that are about to (re)discover and finally adopt Bitcoin!

There is no difference in being a hardcore goldbug and being a hardcore cryptobug. It is the same mentality.

[hazek]

Man it sure seems we're just on the cusp of new and bigger avalanche of users that are about to (re)discover and finally adopt Bitcoin!

There is no difference in being a hardcore goldbug and being a hardcore cryptobug. It is the same mentality.

Yes and both are pursuing a less than optimal strategy hence why I'm neither and own both PMs and bitcoins. So I fail to see the relevancy of your post as a reply to my OP.

[becoin]

So I fail to see the relevancy of your post as a reply to my OP.

A victory for bitcoin will be if you attract people that are currently looking for safety in fiat currencies, not those that are looking for safety in PMs!

[n8rwJeTt8TrrLKPa55eU]

Check it!: https://www.lewrockwell.com/donate/

LRC now accepts Bitcoin donations!

This is great news, and a big deal!  Another sign of LVMI's somewhat ambiguous stance towards Bitcoin reversing...plus one degree of separation away from Ron Paul himself accepting Bitcoin donations...and hopefully a first step towards seeing many Bitcoin-themed articles on lewrockwell.com.

[herzmeister]

away from Ron Paul himself accepting Bitcoin donations

for what? his pensioner booze cruises?

[cypherdoc]

this is big news.  thanks for finding this.

[tvbcof]

As a 'hardcore goldbug' myself, and one who has been interested in Bitcoin for some time, I'm not especially delighted to see Libertarians picking it up more than is already the case.  I'm more of a hard-left person and would rather see inroads made in that community.

It would be absurd to equate Libertarians to the large-ish contingent of scammers and criminals who are already present in the Bitcoin world, but I honestly don't see Libertarians having a much larger positive impact on the solution than do these folks.

Of course if goldbugs, tax cheats, and/or Libertarians turn en-mass to Bitcoin it will very likely serve my economic interests fairly well.  I'm still of the mindset that the real beauty of the general solution of peer-to-peer crypto-currencies lies with their potential to shift balances of power to a more appropriate state, and it remains the case that this is more important to me than gross wealth accumulation on a personal level.  For how much longer I'm not sure

[Coinabul]

Wow! Cool news!

I think it makes a lot of sense for goldbugs to use Bitcoin to purchase their gold for cheaper prices. And I'm not saying that because I'm biased.

-Jon

[n8rwJeTt8TrrLKPa55eU]

away from Ron Paul himself accepting Bitcoin donations

for what? his pensioner booze cruises?

Don't be so snarky.  "Ron Paul" is shorthand for not just Ron Paul the person but also his organization (Campaign for Liberty) as well as closely affiliated entities (e.g. Rand Paul).  Ron Paul the person has retired from Congress, but almost certainly will not lead a "pensioner" lifestyle and will instead actively fundraise and solicit money on behalf of various causes during the next electoral cycle.  Whether one agrees with Paul's ideology or not, it would be tremendously positive PR for Bitcoin if he were to casually mention its acceptance as a means of donation during some future money bomb.

[bitcoinsrule]

Man it sure seems we're just on the cusp of new and bigger avalanche of users that are about to (re)discover and finally adopt Bitcoin!

There is no difference in being a hardcore goldbug and being a hardcore cryptobug. It is the same mentality.

Yes and both are pursuing a less than optimal strategy hence why I'm neither and own both PMs and bitcoins. So I fail to see the relevancy of your post as a reply to my OP.

I consider myself both a PM bug and a crypto bug and I own both as well.  I think that was the relevancy.

[hazek]

Man it sure seems we're just on the cusp of new and bigger avalanche of users that are about to (re)discover and finally adopt Bitcoin!

There is no difference in being a hardcore goldbug and being a hardcore cryptobug. It is the same mentality.

Yes and both are pursuing a less than optimal strategy hence why I'm neither and own both PMs and bitcoins. So I fail to see the relevancy of your post as a reply to my OP.

I consider myself both a PM bug and a crypto bug and I own both as well.  I think that was the relevancy.

Read the topic again. The title says "hardcore gold bugs". By the definition you're not one of them.

[hazek]

Looks like it's working out great for Lew:

http://www.lewrockwell.com/blog/lewrw/archives/129917.html

Welcome, Bitcoin
Posted by Lew Rockwell on December 31, 2012 12:21 PM

A friend asks, "Now that you accept donations in Bitcoin, how has that worked out?" So far, the total is $1,899 in US dollars. Thanks to all who are participating.

So yea. 

[DeathAndTaxes]

Nice.  Hopefully it has a snowball effect.  The friend probably right now is either considering Bitcoins or is at the very least has a positive image of it.

As someone else pointed out hopefully we will see something like this from Lews.
http://dailyanarchist.com/2011/10/02/i-was-wrong-about-bitcoin/

I would also hope he has setup bitpay to hold at least some % in coins.  Bitpay makes it very easy you can keep 0% to 100% in Bitcoins so someone who is not sold on Bitcoin long term (like Lews maybe) could convert say 90% to fiat and hold 10% as a reserve.  10% of Bitcoin donations is unlikely to material affect his finances but if Bitcoin appreciates in value well it could be a nice hedge.

[GoWest]

LewRockwell.com is the 6th most frequented site to accept Bitcoin.

[bitcoinsrule]

Man it sure seems we're just on the cusp of new and bigger avalanche of users that are about to (re)discover and finally adopt Bitcoin!

There is no difference in being a hardcore goldbug and being a hardcore cryptobug. It is the same mentality.

Yes and both are pursuing a less than optimal strategy hence why I'm neither and own both PMs and bitcoins. So I fail to see the relevancy of your post as a reply to my OP.

I consider myself both a PM bug and a crypto bug and I own both as well.  I think that was the relevancy.

Read the topic again. The title says "hardcore gold bugs". By the definition you're not one of them.

What is your definition of a hardcore gold bug? Because whatever it is, it certainly isn't mine.
How many oz's does one have to have to be considered hard core?

Why cant i be a hardcore gold bug and a hardcore crypto bug at the same time.

[tvbcof]

...

Why cant i be a hardcore gold bug and a hardcore crypto bug at the same time.

A better question is: how can one not be?

Relative to most other instruments, Bitcoin and gold are more-or-less the same thing to me.  They do have fairly different risk/reward profiles at this time however.

[hazek]

What is your definition of a hardcore gold bug? Because whatever it is, it certainly isn't mine.

Someone who:
- trusts only gold and maybe silver as a store of wealth
- will take only physical
- mistrusts anything that doesn't have the so called intrinsic value in the role of money

[becoin]

What is your definition of a hardcore gold bug? Because whatever it is, it certainly isn't mine.

Someone who:
- trusts only gold and maybe silver as a store of wealth
- will take only physical
- mistrusts anything that doesn't have the so called intrinsic value in the role of money

How about changing gold and silver in your above definition with diamonds, oil, grain, land... Are those supposed to be land bugs, oil bugs, grain bugs, or diamond bugs? How are they different to crypto bugs?

[hazek]

What is your definition of a hardcore gold bug? Because whatever it is, it certainly isn't mine.

Someone who:
- trusts only gold and maybe silver as a store of wealth
- will take only physical
- mistrusts anything that doesn't have the so called intrinsic value in the role of money

How about changing gold and silver in your above definition with diamonds, oil, grain, land... Are those supposed to be land bugs, oil bugs, grain bugs, or diamond bugs? How are they different to crypto bugs?

I already answered this. If you bothered to read anything but the last post you'd know.