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Author Topic: Bitcoin = the Anti-mark of the beast  (Read 1308 times)
niemivh
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June 09, 2011, 05:26:31 AM
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It's funny.  If you would have told me prior to bitcoin that shortly we would have a world currency that was totally digital I don't know what i would have thought.  I probably would have thought "the bad guys won".

Little would I have known that this currency would not only have as much freedom as cash... but even more.  Much more.  No bailouts, no inflation, no human manipulation through unjust regulation, no hyper-trading, no fees, no middlemen, no banks, no interest, you can send money to anyone in the world in a few minutes and even more - we are just getting started.

This is bitcoin.  If you are new here this is the anti-mark of the beast.

 Cool

I'll keep my politics out of your economics if you keep your economics out of my politics.

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dacoinminster
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June 09, 2011, 05:24:28 PM
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It's funny.  If you would have told me prior to bitcoin that shortly we would have a world currency that was totally digital I don't know what i would have thought.  I probably would have thought "the bad guys won".

Little would I have known that this currency would not only have as much freedom as cash... but even more.  Much more.  No bailouts, no inflation, no human manipulation through unjust regulation, no hyper-trading, no fees, no middlemen, no banks, no interest, you can send money to anyone in the world in a few minutes and even more - we are just getting started.

This is bitcoin.  If you are new here this is the anti-mark of the beast.

 Cool

I have thought about this exact thing. The Bible predicts that in the end times, all buying and selling will be tightly controlled by a central authority, and one will need "the mark of the beast" to engage in any economic activity (Revelation 13:17–18). Bitcoin is the opposite of that, but I can imagine that the backlash against bitcoin could create exactly that scenario.

Conclusion: all good Christians should own bitcoin as preparation for that time Smiley

cloud9
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June 09, 2011, 05:45:11 PM
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Barter trade like Bitcoins (secure digital goods) will always exist in any community.

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
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June 09, 2011, 05:53:59 PM
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no hyper-trading, no fees, no middlemen, no banks, no interest,

This is bitcoin.  If you are new here this is the anti-mark of the beast.



If bitcoin never develops mature capital markets, which would necessarily include "hyper-trading", "middlemen," "banks," and "interest" then it is doomed.

Efficient markets demand all these things, in one form or another. Hyper trading will provide liquidity and price discovery. Middlemen will provide various services from fraud protection, to insurance, to education, to a host of other value-added activities. Banks would certainly look different, but when used to pool resources for capital investments, or to protect wallet files effectively, they are very important. And interest?? If I loan money to someone, whether it's gold, fiat paper, or bitcoins, it sure as hell better carry interest.

There is nothing wrong with the above institutions.... what's wrong TODAY is that these institutions have grown up around a fraudulent fiat money system. It's the US fiat currency and fractional banking system that is the problem, not the banks, or hyper trading, or interest per se. Fix the money, and the institutions will be fixed eventually as well.
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