jtimon
Legendary
 Offline
Activity: 1372
Merit: 1002
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July 28, 2011, 11:04:43 PM |
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...Keynes didn't say a single truth.
"In the long run we're all dead"? also... As the inflation proceeds and the value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.
Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose.Wow, that was from keynes? Maybe we should all read him after all. Maybe I do some day. I stick with this one: "Gesell's chiefwork is written in cool and scientific terms, although it is run through by a more passionate and charged devotion to social justice than many think fit for a scholar. I believe that the future will learn more from Gesell’s than from Marx’s spirit." —John Maynard Keynes I like Gesell's critique to Marx a lot. I've read some small parts from Mises's, but I want to read that whole book. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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westkybitcoins
Legendary
Offline
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
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July 31, 2011, 07:34:26 PM |
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Bitcoin is nothing. It has one use, and that is to exist and be exchanged.
While this is technically true, you seem to be drastically underrating its utility as a digital means of exchange. Let's just say that at this point, until something superior comes along, bitcoins will continue to have significant value. |
Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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roslinpl
Legendary
Offline
Activity: 2212
Merit: 1199
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March 27, 2014, 01:47:53 PM |
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Just created an image for you to show you my opinion   Hehe |
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Icardi09
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March 27, 2014, 02:58:25 PM |
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Just created an image for you to show you my opinion Hehe nice  bitcoin : gold currency in digital age  |
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roslinpl
Legendary
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Activity: 2212
Merit: 1199
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March 27, 2014, 03:00:08 PM |
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Just created an image for you to show you my opinion Hehe nice bitcoin : gold currency in digital age This is a point! And maybe some pepole would consider why it is better to invest into BTC than into GOLD |
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Icardi09
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March 27, 2014, 03:03:45 PM |
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Just created an image for you to show you my opinion Hehe nice bitcoin : gold currency in digital age This is a point! And maybe some pepole would consider why it is better to invest into BTC than into GOLD i agree but gold price will skyrocketing when war time, idk where will BTC price go to when war time better split our investment, gold and BTC. |
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roslinpl
Legendary
Offline
Activity: 2212
Merit: 1199
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March 27, 2014, 03:25:43 PM |
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Just created an image for you to show you my opinion Hehe nice bitcoin : gold currency in digital age This is a point! And maybe some pepole would consider why it is better to invest into BTC than into GOLD i agree but gold price will skyrocketing when war time, idk where will BTC price go to when war time better split our investment, gold and BTC. I just hope there will be no more war time  And price of BTC will skyrocket with growth of its popularity. ♥ BTC |
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zolace
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March 27, 2014, 04:53:20 PM |
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Bitcoin and Gold are both useful;Bitcoin is new and is the future and Gold had value since the humans found it and use it and will continue to have value.I am for both!
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softron
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March 28, 2014, 07:41:58 AM |
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Btc = digital
gold = physical.
I dont think btc can replace gold
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roslinpl
Legendary
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Activity: 2212
Merit: 1199
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March 28, 2014, 01:22:17 PM |
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Btc = digital
gold = physical.
I dont think btc can replace gold
In digital age?? Hmmm ... noooooo... impossssssibbbllllee... |
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bobdutica
Newbie
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Activity: 53
Merit: 0
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March 28, 2014, 02:14:39 PM |
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Your third link is broken, unless you intended us to read about waterbeds or textiles. |
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