Bitcoin Forum
December 11, 2016, 08:24:17 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: My limited Summary of Fiat value vs Bitcoin  (Read 1104 times)
river
Guest

April 05, 2011, 05:34:56 AM
 #1

Fiat:
 1. the more that's printed the less the value of each unit
 2. insurance devalues it
   2a. if some looses 1,000,000 federally insured Fiat, the insurance agencies have more printed to replace it.  See 1.
   2b. if insurance agencies have more Fiat printed then everyone looses value in their money.
   3b. insurance steals YOUR money because some random stranger on the street was most likely careless with their money.
 3. is enforced with guns, prison, fear and death nothing more.
 4. if someone steals your money, you must trust corrupt governments to follow their own agenda in it's retrieval.
 5. no community accountability if someone scams you.
 6. unlawful but legal at gun point.

Bitcoin
 1. Set maximum number gives value
 2. increasing in value as the decimal shifts to maximum potential
 3. if someone's wallet is stolen, only those (generally one) are affected.  Leaving everyone else money and value in tact.
 4. anonymous transactions
 5. community accountability threw forums or other communicable means, if someone scams you.
 6. lawful but illegal at gun point, if they can trace your GPGd, anonymous transactions.

Anything else?
1481444657
Hero Member
*
Offline Offline

Posts: 1481444657

View Profile Personal Message (Offline)

Ignore
1481444657
Reply with quote  #2

1481444657
Report to moderator
1481444657
Hero Member
*
Offline Offline

Posts: 1481444657

View Profile Personal Message (Offline)

Ignore
1481444657
Reply with quote  #2

1481444657
Report to moderator
Some PGP public keys you should import: theymos, BadBear, Sirius, Stefan, Wladimir, Gavin, Gregory, Jeff, Pieter
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481444657
Hero Member
*
Offline Offline

Posts: 1481444657

View Profile Personal Message (Offline)

Ignore
1481444657
Reply with quote  #2

1481444657
Report to moderator
1481444657
Hero Member
*
Offline Offline

Posts: 1481444657

View Profile Personal Message (Offline)

Ignore
1481444657
Reply with quote  #2

1481444657
Report to moderator
1481444657
Hero Member
*
Offline Offline

Posts: 1481444657

View Profile Personal Message (Offline)

Ignore
1481444657
Reply with quote  #2

1481444657
Report to moderator
ctoon6
Sr. Member
****
Offline Offline

Activity: 350



View Profile
April 06, 2011, 06:28:40 AM
 #2

your not anonymous.

BitterTea
Sr. Member
****
Offline Offline

Activity: 294



View Profile
April 06, 2011, 05:03:18 PM
 #3

The thing about Bitcoin's anonymity is that it is through obscurity only. If someone knows your address(es), they can know your balance and see what other addresses you send to.

This isn't a bad thing, just necessary due to the fact that all transactions are public. But if you want to keep your anonymity, make sure to "launder" any coins sent to public addresses through a coin mixing service.
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!