Bitcoin Forum
November 24, 2017, 02:28:21 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: What are your thoughts on the Liberty Dollar?  (Read 662 times)
21after2
Member
**
Offline Offline

Activity: 112



View Profile
February 08, 2013, 02:38:23 AM
 #1

I like to collect banknotes. I just got some Liberty Dollar notes in the other day to add to my collection and it made me think of starting this topic. I know ALD has a load of controversy surrounding it, but I'm curious to know what people here think/thought of the currency. Did anyone support it before it was hit by the FBI? Anyone support the concept behind it? Anyone hate it to the ends of the Earth?
1511490501
Hero Member
*
Offline Offline

Posts: 1511490501

View Profile Personal Message (Offline)

Ignore
1511490501
Reply with quote  #2

1511490501
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511490501
Hero Member
*
Offline Offline

Posts: 1511490501

View Profile Personal Message (Offline)

Ignore
1511490501
Reply with quote  #2

1511490501
Report to moderator
ShireSilver
Sr. Member
****
Offline Offline

Activity: 383



View Profile WWW
February 08, 2013, 03:55:09 AM
 #2

I was a Liberty Dollar Associate for years - from 1999 to the raid. It was a great idea with just a few flaws. The main one was the centralized aspect of it. That made it easy to take out all at once.

It could have been marketed better too. I know he was using the politicized aspect of it as an attempt at protection (the idea being that the certificates should be safe to use as they were "free speech") but that didn't work out so well.

But if it hadn't collapsed I never would have come up with Shire Silver.

Shire Silver, a better bullion that fits in your wallet. Get some, now accepting bitcoin!
benjamindees
Legendary
*
Offline Offline

Activity: 1330


View Profile
February 08, 2013, 04:04:06 AM
 #3

I'd been aware of them for a while, and always thought it was a good idea very poorly executed.

Civil Liberty Through Complex Mathematics
TECSHARE
Legendary
*
Offline Offline

Activity: 2338


Welcome to Bitcoin Stalk


View Profile
February 08, 2013, 05:24:02 PM
 #4

I was buying from them before the last raid in 2009, in fact they confiscated my last order. This prosecution is very clearly politically motivated. BVNH took appropriate steps to bring himself into alignment with the law. IMO he was abiding by the law creating NORFED, but when the powers that be don't like what you create you become a criminal very quickly. He was advocating a return to trade in gold and silver, if everyone did that who would the parasites leech off of then? If anyone wants to buy NORFED silver check out my thread: https://bitcointalk.org/index.php?topic=58518.0

NOTE: It is not illegal to own, The Secret Service simply pressured ebay to remove them in order to create that appearance as well as shut down the most active NORFED marketplace. If it is illegal why are they still on Amazon?  http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Daps&field-keywords=norfed

BITCOINTALK STAFF SELECTIVELY ENFORCE THE RULES IN AN ATTEMPT TO CREATE A CHILL EFFECT AND PERMANENTLY REMOVE ME AND OTHERS FROM THIS FORUM AS RETALIATION FOR SPEAKING OUT ABOUT THEIR ABUSIVE BEHAVIOR, AND THAT OF THEIR PERSONAL CLIQUES.
21after2
Member
**
Offline Offline

Activity: 112



View Profile
February 09, 2013, 12:26:13 AM
 #5

NOTE: It is not illegal to own, The Secret Service simply pressured ebay to remove them in order to create that appearance as well as shut down the most active NORFED marketplace. If it is illegal why are they still on Amazon?  http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Daps&field-keywords=norfed

I've still seen them listed on eBay. Are they still removing the listings, or do they just kinda go under the radar? I need to pick up the larger denomination notes to complete my collection at some point.
TECSHARE
Legendary
*
Offline Offline

Activity: 2338


Welcome to Bitcoin Stalk


View Profile
February 09, 2013, 07:35:35 AM
 #6

NOTE: It is not illegal to own, The Secret Service simply pressured ebay to remove them in order to create that appearance as well as shut down the most active NORFED marketplace. If it is illegal why are they still on Amazon?  http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Daps&field-keywords=norfed

I've still seen them listed on eBay. Are they still removing the listings, or do they just kinda go under the radar? I need to pick up the larger denomination notes to complete my collection at some point.

They remove listings primarily by keyword and human sorting. Neither is 100% effective.

BITCOINTALK STAFF SELECTIVELY ENFORCE THE RULES IN AN ATTEMPT TO CREATE A CHILL EFFECT AND PERMANENTLY REMOVE ME AND OTHERS FROM THIS FORUM AS RETALIATION FOR SPEAKING OUT ABOUT THEIR ABUSIVE BEHAVIOR, AND THAT OF THEIR PERSONAL CLIQUES.
Bit_Happy
Legendary
*
Offline Offline

Activity: 1638


A Great Time to Start Something!


View Profile
February 09, 2013, 07:50:48 AM
 #7

My thoughts on the Liberty Dollar?
It's a shame they were a victim of Big Brother.
I bought 2 paper bills and 1 silver coin when i clearly should have bought all silver.

TECSHARE
Legendary
*
Offline Offline

Activity: 2338


Welcome to Bitcoin Stalk


View Profile
February 15, 2013, 10:56:17 PM
 #8

My thoughts on the Liberty Dollar?
It's a shame they were a victim of Big Brother.
I bought 2 paper bills and 1 silver coin when i clearly should have bought all silver.

Paper bills are still collectors items. Unfortunately they aren't worth as much as they were. I you purchase any of my NORFED silver I will be willing to give 2x face value on trade in.

BITCOINTALK STAFF SELECTIVELY ENFORCE THE RULES IN AN ATTEMPT TO CREATE A CHILL EFFECT AND PERMANENTLY REMOVE ME AND OTHERS FROM THIS FORUM AS RETALIATION FOR SPEAKING OUT ABOUT THEIR ABUSIVE BEHAVIOR, AND THAT OF THEIR PERSONAL CLIQUES.
Littleshop
Legendary
*
Offline Offline

Activity: 1316



View Profile WWW
February 16, 2013, 03:42:31 AM
 #9

I was buying from them before the last raid in 2009, in fact they confiscated my last order. This prosecution is very clearly politically motivated. BVNH took appropriate steps to bring himself into alignment with the law. IMO he was abiding by the law creating NORFED, but when the powers that be don't like what you create you become a criminal very quickly. He was advocating a return to trade in gold and silver, if everyone did that who would the parasites leech off of then? If anyone wants to buy NORFED silver check out my thread: https://bitcointalk.org/index.php?topic=58518.0

NOTE: It is not illegal to own, The Secret Service simply pressured ebay to remove them in order to create that appearance as well as shut down the most active NORFED marketplace. If it is illegal why are they still on Amazon?  http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Daps&field-keywords=norfed

The problem is that he said one thing.... return to trade in gold and silver....

But all he really did is allow himself to do is print a USD denominated note.  He was printing something denominated in USD and the government does not like competition.  If it was done like shire silver it would have been ok.   If it was a receipt/coupon for 1 oz of silver in a vault it would have been ok.  None of those things would have let BVNH print money denominated in USD like he did and he did not go that route. 

While I do believe that currency competition should be legal in more forms, it is not. 

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!