Banned By UK Daily For Mentioning Bitcoin

[murraypaul]

It is.
Not at individual level but at a collective level.

So it really has nothing to do with why Joe Blogs in this thread is has 6k in credit card debt.

[knight22]

It is.
Not at individual level but at a collective level.

So it really has nothing to do with why Joe Blogs in this thread is has 6k in credit card debt.

Probably not

[adamstgBit]

People are in debt because the banks are not issuing any money otherwise.
No debt = no money at all.

That really doesn't make any sense at all.
Somehow I manage to get paid every month without incurring any more debt.

where does the money come from to pay you?

In the end knight22 is right, all money is someone elses promise to pay. and there is never enough money in the economy to cover all these promises to pay, because everyone has to agree to pay back + interest, and the only way to create more money is to borrow it.

why governments don't just print their own money at 0% interest is beyond me....

[Bitobsessed]

People are in debt because the banks are not issuing any money otherwise.
No debt = no money at all.

That really doesn't make any sense at all.
Somehow I manage to get paid every month without incurring any more debt.

where does the money come from to pay you?

In the end knight22 is right, all money is someone elses promise to pay. and there is never enough money in the economy to cover all these promises to pay, because everyone has to agree to pay back + interest, and the only way to create more money is to borrow it.

why governments don't just print their own money at 0% interest is beyond me....

it might be cheaper than printing their own.

[nobbynobbynoob]

why governments don't just print their own money at 0% interest is beyond me....

I can think of two reasons:

• Governments have an annoying habit of printing way too much money given half a chance, e.g. Allende's Chile, Weimar Germany.
• The Rothschild banksters who rule most of the globe to some degree or other don't take kindly to debt-free money issuance.

[RodeoX]

I got banned for asking if anyone uses bitcoin at a website. The mod goggled it and said I was banned for "being part of a pyramid scam for bitcoin Inc." lol

[C10H15N]

...I was banned for "being part of a pyramid scam for bitcoin Inc." lol

Early disciples have a tendency to get crucified.   

[kneim]

I believe that the bank purchases the house itself by auction, to increase its own equity. Human beings doesn't matter any more. Forgotten about how Americans got duped in America by Deutsche Bank and others?

[chmod755]

If your post was only one line and you didn't point out how it's relevant to the article maybe it has been classified as spam (reported by others, by moderators, automated systems, etc).

I don't think they banned you for mentioning Bitcoin, but for writing a comment most people wouldn't understand and/or classify as spam.

[Carlton Banks]

It is.
Not at individual level but at a collective level.

So it really has nothing to do with why Joe Blogs in this thread is has 6k in credit card debt.

The irony being that his debt is a debt of debt, as our thread resident monetary theorists have described. Check links in their sigs.

[Carlton Banks]

why governments don't just print their own money at 0% interest is beyond me....

Some pretty much do. Russia, Iran, China, North Korea... starting to notice a pattern?

[AKCoins]

What's the point of them writing a story if they don't want meaningful engagement with readers?

Did they give you any specifics about why they removed your comments?  I bet one of their main advertisers is a big bank...  

[Winslow Strong]

They do not enjoy the freedom of speech in the uk. Nobody on the Internet has the freedom of speech on a commercial website.

That's one of the motivations behind the hypothes.is annotation layer of the web.  It's a great idea, but getting mass adoption may be tough.  http://hypothes.is/

[xxjs]

More likely it was an irrlevent post - what has Bitcoin got to do with a person who is in Credit Card debt?

Bitcoin has everything to do with the banking system, that is why people are in debt, because of the banks.

People are not in debt because of the banks, they are in debt because they spent more money than they had.

Money is increasingly debt in stead of base money, which is less stable.

Due to inflation, it is profitable to have a negative amount of money + some durable good like a house, which is more risky.

With these point in mind, it is natural that some people end up unlucky. So yes, the banks, at least it is the government+bank crony capitalism.

[murraypaul]

Debt exists because people find it useful.
It would exist regardless of the underlying currency.
There is a Bitcoin lending forum on this very site, where people accept collateral for providing Bitcoin loans, and could keep the collateral if the person doesn't pay the loan back. Just like a bank.
The people taking out the loans are in Bitcoin debt.
Which government are you going to blame for that?

[knight22]

Debt exists because people find it useful.
It would exist regardless of the underlying currency.
There is a Bitcoin lending forum on this very site, where people accept collateral for providing Bitcoin loans, and could keep the collateral if the person doesn't pay the loan back. Just like a bank.
The people taking out the loans are in Bitcoin debt.
Which government are you going to blame for that?

Fiat is created exclusively out of debt
Bitcoin is NOT created out of debt

We need debt to have fiat
We do not need debt to have bitcoin

Fundamental difference

You clearly not watched the documents I have mentioned

[Joe_Bauers]

Bitcoin - not the same old shit.

That would be a great slogan for Bitcoin

[xxjs]

Debt exists because people find it useful.
It would exist regardless of the underlying currency.
There is a Bitcoin lending forum on this very site, where people accept collateral for providing Bitcoin loans, and could keep the collateral if the person doesn't pay the loan back. Just like a bank.
The people taking out the loans are in Bitcoin debt.
Which government are you going to blame for that?

The governments (all of them) inflates the money supply with new debt, not by printing more base money. Plus the movement of debt is quicker than movement of money, so pople prefer it. So the properties of the money system has something to to with it. The properties of the money system also enables the governments to rack up debt. It is possible to navigate as a consumer/labourer through this system without indebting yourself, but it is not the most profitable. I agree it is each persons responsibility, but the present system (including the busts) necessarily leaves many with bad luck.

[RapidCoinz]

Was it a red top paper or something with a little bit more credibility?