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Question: Will governments attack bitcoin?
No, because they think bitcoin is good - 2 (5.7%)
No, because they think bitcoin is bad but it will hurt their opponents more (USD vs RMB???) - 1 (2.9%)
Yes, because they think bitcoin is bad - 5 (14.3%)
Yes, because they think bitcoin is good (for citizen) but it will hurt their power & interest - 16 (45.7%)
I don't know, don't care - 5 (14.3%)
Other - 6 (17.1%)
Total Voters: 35

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Author Topic: Will governments attack bitcoin?  (Read 1306 times)
caston
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September 08, 2011, 12:49:56 PM
 #21

Its use is so wide spread already that it would be impossible for them to stamp out but government may use it to help them pay off their debts.

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Explodicle
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September 08, 2011, 01:08:47 PM
 #22

Its use is so wide spread already that it would be impossible for them to stamp out but government may use it to help them pay off their debts.

lol how hilarious would it be if the USA government and most citizens amassed huge debts in USD, then Bitcoin "wins" and the USD crashes, and they effortlessly pay off their now-meaningless debt. Ha HA shoulda lent in GOLD, bitches! Thanks for all the consumer goods!
MoonShadow
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September 08, 2011, 02:06:32 PM
 #23

Its use is so wide spread already that it would be impossible for them to stamp out but government may use it to help them pay off their debts.

lol how hilarious would it be if the USA government and most citizens amassed huge debts in USD, then Bitcoin "wins" and the USD crashes, and they effortlessly pay off their now-meaningless debt. Ha HA shoulda lent in GOLD, bitches! Thanks for all the consumer goods!

Yeah, real funny.  Right up until the point that, at best, all the factories in China that make our consumer products are nationalized and retooled for products never intended to come to the US.  What then, once your Iphone breaks?  And that is assuming that they don't decide to invade to take whatever they can find in payment.  Wars have started for much less.  And there is no case in history wherein the national monetary system collapsing did not result in civil unrest or a civil war, or fascism.  Be very careful what you wish for, young man.  You might just get it.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
Explodicle
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September 08, 2011, 07:22:54 PM
 #24

Its use is so wide spread already that it would be impossible for them to stamp out but government may use it to help them pay off their debts.

lol how hilarious would it be if the USA government and most citizens amassed huge debts in USD, then Bitcoin "wins" and the USD crashes, and they effortlessly pay off their now-meaningless debt. Ha HA shoulda lent in GOLD, bitches! Thanks for all the consumer goods!

Yeah, real funny.  Right up until the point that, at best, all the factories in China that make our consumer products are nationalized and retooled for products never intended to come to the US.  What then, once your Iphone breaks?  And that is assuming that they don't decide to invade to take whatever they can find in payment.  Wars have started for much less.  And there is no case in history wherein the national monetary system collapsing did not result in civil unrest or a civil war, or fascism.  Be very careful what you wish for, young man.  You might just get it.

Sorry, I didn't mean to offend with my crude gallows humor. I agree with your analysis, but this wouldn't happen overnight - surely the powers that be would work something out in the meantime.
MoonShadow
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September 08, 2011, 08:05:09 PM
 #25

Its use is so wide spread already that it would be impossible for them to stamp out but government may use it to help them pay off their debts.

lol how hilarious would it be if the USA government and most citizens amassed huge debts in USD, then Bitcoin "wins" and the USD crashes, and they effortlessly pay off their now-meaningless debt. Ha HA shoulda lent in GOLD, bitches! Thanks for all the consumer goods!

Yeah, real funny.  Right up until the point that, at best, all the factories in China that make our consumer products are nationalized and retooled for products never intended to come to the US.  What then, once your Iphone breaks?  And that is assuming that they don't decide to invade to take whatever they can find in payment.  Wars have started for much less.  And there is no case in history wherein the national monetary system collapsing did not result in civil unrest or a civil war, or fascism.  Be very careful what you wish for, young man.  You might just get it.

Sorry, I didn't mean to offend with my crude gallows humor. I agree with your analysis, but this wouldn't happen overnight - surely the powers that be would work something out in the meantime.

Don't count on that.  Those powers are the same that continue to deny the problem exists.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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