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Author Topic: State of Bitcoin  (Read 1712 times)
beardman
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February 24, 2012, 12:57:19 AM
 #21

I got into it as a relatively cheap way to begin some trading with real money. The more I've read about it the more appealing it is because it isn't reliant on government control, and it's nice to be away from the eye and thumb of the government.
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February 24, 2012, 01:00:56 AM
 #22

On the one hand, a tonne of people seem to be interested in developing Bitcoins for ideological reasons, to develop a currency independent of corporations or central banks.

Wanting freedom from the central banks is not anti-capitalist. 
Wow. Some real words of wisdom.  I'm liking you more every day atlas.

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February 24, 2012, 01:07:56 AM
 #23

On the one hand, a tonne of people seem to be interested in developing Bitcoins for ideological reasons, to develop a currency independent of corporations or central banks.

Wanting freedom from the central banks is not anti-capitalist. 

Wholeheartedly agree. NOT ONLY is not anti-capitalist, but it is the responsibility of every free-market believer to do whatever it is possible to break free of this "bank/big corporation socialism" we live in. The USA, and the rest of the world has actually never been less capitalistic and free market oriented as it is now today, if we talk of course of the PURE concept of capitalism and free market. Again, we live in a welfare state where big corrupted corporations and banks have manage to create quite the system for themselves. That is neither capitalism nor free market.

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February 24, 2012, 01:11:27 AM
 #24

On the one hand, a tonne of people seem to be interested in developing Bitcoins for ideological reasons, to develop a currency independent of corporations or central banks.

Wanting freedom from the central banks is not anti-capitalist. 

Wholeheartedly agree. NOT ONLY is not anti-capitalist, but it is the responsibility of every free-market believer to do whatever it is possible to break free of this "bank/big corporation socialism" we live in. The USA, and the rest of the world has actually never been less capitalistic and free market oriented as it is now today, if we talk of course of the PURE concept of capitalism and free market. Again, we live in a welfare state where big corrupted corporations and banks have manage to create quite the system for themselves. That is neither capitalism nor free market.

Roberto
I thought a welfare state is a state that takes care of it's people more than it's businesses.  The USA is not that.

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February 24, 2012, 02:47:01 AM
 #25


I thought a welfare state is a state that takes care of it's people more than it's businesses.  The USA is not that.

All welfare states are doomed to eventually serve NEITHER purpose.

Take care of business (let it alone) and the country prospers. That is what the USA used to be.
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February 24, 2012, 04:48:57 AM
 #26

There is a paradox that strikes me strongly here. On the one hand, a tonne of people seem to be interested in developing Bitcoins for ideological reasons, to develop a currency independent of corporations or central banks. On the other hand, one of the biggest groups I see on here are ex-forex traders hoping to make a quick profit! Intuitively, those seem like clashing beliefs to me: speculative-capitalist and anti-capitalist.

Or am I totally wrong.

I don't think you're wrong, per se; but you are seeing the community through colored glasses.  The dominate ideology among the early bitcoin users (myself included) is strongly libertarian.  The US, (for example) is not a free market anymore; and hasn't been since 1913.  It's literally impossible for a free market to exist if the monetary system's value is 'regulated' (price controlled) by a central bank; because the monetary system in use is half of all the transactions.  Whether or not the monetary system is well managed or not is irrelevent.

"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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February 24, 2012, 06:20:49 AM
 #27

What are your reasons why you invest your time into bitcoin?

Thanks!
I have a few reasons. Like most people who use bitcoin I like the freedom from any centralized entity. I also see the system as somewhat elegant, bitcoin pays people with bitcoin to mine and keep itself running. I can also see it, or it's future predecessor becoming the world's currency, so it's nice to feel like something of a pioneer.
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