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Author Topic: How to protect bitcoin from politics  (Read 515 times)
alcibiades
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March 19, 2013, 08:04:26 AM
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I wrote a post about how to protect bitcoin from political agents here: http://jacobexmachina.blogspot.com/2013/03/how-to-protect-bitcoin.html


The idea is that if we can convince politicians to accept bitcoin when fundraising for their campaign, then they can't turn around and attack it because it would make them look bad. $2 billion was raised for the 2012 Presidential election. If 1% of that was raised through bitpay, then bitcoin would be safe from attack.

I also list some politicians who have been friendly to tech issues and might be open to accepting bitpay/coinbase.

crack money: 1BFzpDHT69SrwLXndVogGgoSf5W4A8TMVS
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conspirosphere.tk
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March 19, 2013, 08:23:49 AM
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I am more interested in how to protect myself from politics.
What do you suggest? A petition?
wr6133
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March 19, 2013, 08:37:49 AM
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I am more interested in how to protect myself from politics.

AK-47's are good for that
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March 19, 2013, 10:56:58 AM
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I wrote a post about how to protect bitcoin from political agents here: http://jacobexmachina.blogspot.com/2013/03/how-to-protect-bitcoin.html


The idea is that if we can convince politicians to accept bitcoin when fundraising for their campaign, then they can't turn around and attack it because it would make them look bad. $2 billion was raised for the 2012 Presidential election. If 1% of that was raised through bitpay, then bitcoin would be safe from attack.

I also list some politicians who have been friendly to tech issues and might be open to accepting bitpay/coinbase.

Might be possible, I guess, but Ron Paul accepting Liberty Dollars didn't help them at all when the SS came knocking (Secret Service, that is).  You would need to get bipartisan political leaders to accept the BTC for this plan to work.

Aside from that, though, the US government is a business.  You can't leverage the bankers influence away with a few hundred thousand USDs worth of bitcoins.  They will simply outspend us without breaking a sweat.  The only way to really protect bitcoin against the bankers is by convincing the bankers to invest in bitcoins.  That can either be in the form of accepting bitcoin deposits or in the form of convincing them to purchase and sell bitcoins as investments.  Once the banks are on board they will use their leverage to protect bitcoins.  I doubt they will come on board easily, but that's the kind of protection you need to protect bitcoin from the government in the long run.

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March 19, 2013, 01:49:58 PM
 #5

I wrote a post about how to protect bitcoin from political agents here: http://jacobexmachina.blogspot.com/2013/03/how-to-protect-bitcoin.html


The idea is that if we can convince politicians to accept bitcoin when fundraising for their campaign, then they can't turn around and attack it because it would make them look bad. $2 billion was raised for the 2012 Presidential election. If 1% of that was raised through bitpay, then bitcoin would be safe from attack.

I also list some politicians who have been friendly to tech issues and might be open to accepting bitpay/coinbase.

That sounds like a pretty smart idea. Kudos for bringing it forward. A lobby for Bitcoin! Smiley

zeocrash
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March 19, 2013, 02:08:31 PM
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the politicians that accept bit coin are unlikely to be the ones that attack it and the ones that are likely to attack it are unlikely to accept campaign donations in it.
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