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Author Topic: David Friedman and Bitcoin  (Read 7771 times)
cypherdoc
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February 14, 2013, 01:18:51 AM
 #61

Butler - The Financial Crisis: Blame Governments, Not Bankers - from the IEA publication Verdict on the Crash, Edited by Philip Booth
i think that is ridiculous.  when there comes a question as to who to blame, ask yourself, where did all the money go?

politicians make what, a couple hundred thousand a year?  what does Jamie Dimon or Lloyd Blankfein make?  how many hundreds of million a year let alone all the ancillary bonuses in the millions to investment bankers on Wall St? 

tell me who is in control.

Banks bought gov't because it's a single point of failure. Control government, control the laws, and so on down the line. At the same time, there are more than enough intangible benefits politicians gain to make their six figure salaries just a symbolic token.

With regard to the fiscal calamity: it takes two to tango, and the song name was collusion. Pols want the bankers to help them gain more (through funding), and the bankers want the pols to help them gain more (through legislation).

likewise The Fed is a single point of control.  who setup The Fed?  why bankers of course; in the middle of the night on Christmas Eve 1913.  The Creature of Jekyll Island is a great book btw.

insert Wimp X as head of The Fed and you're good to go.  there is no way that one person can withstand the pressure applied by a dozen bank CEO's.  we know, without a doubt, who Bernanke was on the phone with during the depths of the crisis and how many times.  we thus know exactly what the CEO's were "recommending"; BAILOUTS or ARMAGEDDON.  take your choice Ben.

The Fed is the mothership that pretends to oversee all its Baby Banks (red haired trouble makers).  yet it has its tentacles/blood funnel jammed directly down the throat of the US Treasury/taxpayer as some sort of quasi-governmental organization.  what a joke.

THIS is why Bitcoin is resonating so greatly with the global population.  We all know now.
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February 16, 2013, 04:53:50 AM
 #62

http://www.youtube.com/watch?v=QDK-hLOqZZk

He gives his stance on bitcoin @ 38:40

Good stuff on fractional reserve banking too. All round interesting interview.
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February 16, 2013, 09:59:10 AM
 #63

@ Cypherdoc.  Thanks for this link.  Prior to this article I'd not come across credible counterarguments having the potential to discredit some of the seemingly sound arguments for the role of regulation as primary cause of the 2008 credit crunch.  I'm yet to be convinced but this looks like it leads to some very interesting commentaries and analyses.  It amuses me that my first reaction is still disappointment when I come across something that may undermine some of my favourite ideas and beliefs!  However, these days it is usually closely followed by excitement at the potential to learn and understand better so thanks again.  I'll take some time researching and rethinking my position on this in due course.

Tf

Please disregard Litecoin and Zcash badges to the left. I have just gathered they are an April fool's joke!
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March 12, 2013, 08:05:45 PM
 #64

The Machinery Of Freedom: Illustrated summary
http://youtu.be/jTYkdEU_B4o



A lot of ideas on how to resolve disputes in the Bitcoin world... and on the web in general.
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March 28, 2014, 02:07:38 PM
 #65

“Bitcoin takes the machinery of freedom…” - That’s exactly the main concept of bitcoin; to give us the freedom in terms of financial use. Gamblers are already utilizing this freedom by playing in bitcoin casino like Betcoin™.

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sweetgirl01
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March 28, 2014, 02:21:51 PM
 #66

“Bitcoin takes the machinery of freedom…” - That’s exactly the main concept of bitcoin; to give us the freedom in terms of financial use. Gamblers are already utilizing this freedom by playing in bitcoin casino like Betcoin™.
The critical moment now, BTC is developing but a lot of people are using BTC to gambling, money laundering and so on some bad aspects, it will affect the BTC status in the people heart

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MrBea
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March 28, 2014, 02:26:56 PM
 #67

Bitcoin and unregulated financial markets just leads to massive scamming.
And so does your mom.
No, but seriously, finance is massive scamming de facto.  Bitcoin just has different rules.

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March 28, 2014, 02:28:56 PM
 #68

Bitcoin and unregulated financial markets just leads to massive scamming.
And so does your mom.
No, but seriously, finance is massive scamming de facto.  Bitcoin just has different rules.

that's a real nuanced perspective you bring to the table right there Roll Eyes

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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