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Author Topic: How would the US military fund itself with bitcoin?  (Read 1889 times)
CtrlAltBernanke420
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June 01, 2013, 05:57:41 PM
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So basically if the military wants to own bitcoin it can? which means it will if it has to
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June 01, 2013, 06:05:54 PM
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some purple voluntarily sign up for military service. so they are not entirely funded by theft.

But once in they get supplied with uniforms, guns, MRE's etc. I guess the real question is when will arms manufacturers accept bitcoin? I know Russia/China etc would rather be paid in non-USD, a state-backed exchange in these countries would be VERY interesting.

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June 01, 2013, 06:09:10 PM
 #23

So basically if the military wants to own bitcoin it can? which means it will if it has to

you get the idea. but governments are sluggish, they take time to make decisions and implement. if they choose bitcoin, we can dump it and move to a more advanced one, or beta yet, we'll have physical 3d printed coins that are verifiable. If you want to avoid governments.... it's gonna be guerrilla warfare.
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June 01, 2013, 06:19:00 PM
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Donations Smiley
CtrlAltBernanke420
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June 01, 2013, 06:27:03 PM
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So basically if the military wants to own bitcoin it can? which means it will if it has to

you get the idea. but governments are sluggish, they take time to make decisions and implement. if they choose bitcoin, we can dump it and move to a more advanced one, or beta yet, we'll have physical 3d printed coins that are verifiable. If you want to avoid governments.... it's gonna be guerrilla warfare.

Do the government really need to do much more to keep us at bay. I mean check this out. http://www.google.com/trends/explore?q=bitcoin#q=nfl%2C%20bitpay%2C%20bitcoin%2C%20bernanke%2C%20federal%20reserve&cmpt=q

keep playing with the words; debt, loan, ecu, usd, dollar, gold, guns, water, revolution

There is a very interesting trend with bitcoin, debt.
barwizi
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June 01, 2013, 06:34:12 PM
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So basically if the military wants to own bitcoin it can? which means it will if it has to

you get the idea. but governments are sluggish, they take time to make decisions and implement. if they choose bitcoin, we can dump it and move to a more advanced one, or beta yet, we'll have physical 3d printed coins that are verifiable. If you want to avoid governments.... it's gonna be guerrilla warfare.

Do the government really need to do much more to keep us at bay. I mean check this out. http://www.google.com/trends/explore?q=bitcoin#q=nfl%2C%20bitpay%2C%20bitcoin%2C%20bernanke%2C%20federal%20reserve&cmpt=q

as you well know bitcoin is in beta, it's not a finished product yet. If you want to see direct US action, let the market reach 10 or 100 billion us$ in volume, that will be an economy the size of three 3rd world countries. You'll see the gov use for a while, mostly for external transactions, until the people it doesn't like adopt the system and profit from it. At that point, they will kill it using any of the many options available to them.

imagine if iran bought restricted nuke tech using bitcoins.
CtrlAltBernanke420
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June 01, 2013, 06:44:33 PM
 #27

So basically if the military wants to own bitcoin it can? which means it will if it has to

you get the idea. but governments are sluggish, they take time to make decisions and implement. if they choose bitcoin, we can dump it and move to a more advanced one, or beta yet, we'll have physical 3d printed coins that are verifiable. If you want to avoid governments.... it's gonna be guerrilla warfare.

Do the government really need to do much more to keep us at bay. I mean check this out. http://www.google.com/trends/explore?q=bitcoin#q=nfl%2C%20bitpay%2C%20bitcoin%2C%20bernanke%2C%20federal%20reserve&cmpt=q

as you well know bitcoin is in beta, it's not a finished product yet. If you want to see direct US action, let the market reach 10 or 100 billion us$ in volume, that will be an economy the size of three 3rd world countries. You'll see the gov use for a while, mostly for external transactions, until the people it doesn't like adopt the system and profit from it. At that point, they will kill it using any of the many options available to them.

imagine if iran bought restricted nuke tech using bitcoins.


Let them have their nukes, a balance of power is not the worst.. just look at the mining process of bitcoin. We are all sitting here contemplating how someone could pull an Iran nuke but with bitcoin.

Junk food imposes greater damage to people and the healthcare system, that cannot really be helped. Heart disease, cancer, car accidents, swimming pools are a bigger threat than iran.
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June 01, 2013, 06:46:46 PM
 #28

a thousand custom ASICs could literary destroy the current gen of ASICs.
Anon136
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June 01, 2013, 09:30:12 PM
 #29

a thousand custom ASICs could literary destroy the current gen of ASICs.

ya but it would be in no ones interest to do this. we would just hard fork into a new POW scheme.

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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