Bolivia Bans Bitcoin.

[Hyena]

The fact that US is seen as an evil country for their oil wars, federal reserve banking and NSA spying does not make them a polar opposite to Russia and China. In fact, all of these giants are crooks and US could very well be just the lesser evil.

[NotLambchop]

...
Russia, China, Thailand, Bolivia... what do all these countries have in common?  Lack of freedom and human rights. ...

[log2exp]

Russia and China are not run by the people of the country, but by the powerful few, a group, which is much worse than any NATO countries.

And you think they are holding majorities of their wealth in their own currency?

[okthen]

Well who cares about what Bolivia does?
I see a lot of interest from Brazil, and that's what matters the most in what concerns south america.

[hyphymikey]

And I use to think this guy was smart.

[MatTheCat]

Russia, China, Thailand, Bolivia... what do all these countries have in common?  Lack of freedom and human rights.  (BTW, BTC seems ok in India, new exchanges etc have opened)

Saying Bitcoin is "the Man up to his same old tricks" is like saying that women's liberation was planned by "the Man" to put pressure on the middle east and other countries.

The interesting thing is, in the brief post Soviet period when when relations between the West and the Russian Federation were at their sweetest during the Yeltsin perestroika era. That is when Russia was most 'free' and the time when Russia was in full on embrace with Western capitalist economics and policies. Unfortunately it was also the time of huge bread queues waiting on deliveries to come to practically empty shop shelves and poverty amongst the masses of the Russian population like we have never known in the west for a very very long time, whilst Jewish oligarchs in cahoots with Western finance, bought up the rights to all Russia's raw materials and national assets for pennies on the dollar, enriching a very select few, whilst the Russian state and most of the population went to the dogs. That was the only time in history when I can remember Russia or it's leaders getting a good press in the West. Since Putin came in and started to seize much of it back under state control and into the hands of his own cronies, we have started not to like Russia so much again.

A Western style liberal democracy is not in the interests of the vast majority of nations on this Earth, as adopting the kinds of policies that the West likes, opens them up to exploitation from external sources. That is why Western governments are so insistent that countries all over the world (especially oil rich or geo-poltically strategic ones) adopt Western values and policies.

Why does it have to be all the dominoes falling rather than just take this news for what it is?
Maybe other countries follow, maybe not.  Perhaps it was the NSA, perhaps it was an independent programmer.  
Saying it with such certainty is ridiculous.

If I were typing in German, they have a whole range of 'subjunctive' verbs that can be used to imply that something would, could, or might, be the case. But since I am typing in English, I will have to stick to saying it as though it were already established fact and as though I have all the evidence in front of me.

The fact that US is seen as an evil country for their oil wars, federal reserve banking and NSA spying does not make them a polar opposite to Russia and China. In fact, all of these giants are crooks and US could very well be just the lesser evil.

Or the greater evil when you start to look at the evidence that Wall St funded the communist revolution and the rise of Nazism in 30's Germany, which was also aided and abetted by Big US industry providing essential technology to their German subsidiary companies, without which Hitler would never have been able to wage war.....oh, incidentally, the US emerged from that little stramash with the majority of the world's gold reserves thus forcing the world on the path towards a USD global standard, and went from simply being an economic powerhouse, to thee eminent manager of global geo-politics. Just a coincidence, nothing to worry about.

[hologram]

[btcbeliever]

Russia, China, Thailand, India, and no doubt many more to come. They all know that Bitcoin was/is a pilot developed by NSA to wage financial warfare on other countries' economies. They can smell the US sanctions and/or other economic pressures and the capital flight via Bitcoin a mile off. A liquid Bitcoin market in a country also makes it very easy for powerful entities to get funds into that economy in order to sponsor 'destabilisers' of that economy/political system to do their deeds.

You actually believe this stuff yourself? Stop smoking too much of that stuff man it makes you paranoid.

Just give it a few years m8. Something along those lines will come out about Bitcoins origins.

I doubt it but I can't rule it out either. It just sounds too paranoid and conspiracy minded to me. There are many conspiracies going on of course and I am one to believe for instance that 9/11 was at least partly an inside job, and that most wars are not what most people think they are about. But that doesn't make every single thing you see some kind of conspiracy, can't you just fathom the idea that some random nerd genius came up with the idea of a cryptographic digital currency after seeing the flaws in our current monetary system and the fallout of the 2007-2008 economic crisis? To stay in your line of thinking I know that the NWO wants one global currency and do away with cash, but I doubt they had a cryptocoin in mind with a max of 21 million coins. Monopolies don't like the idea of decentralisation and not being able to control and inflate the money supply at their will.

This is indeed a very interesting thread of discussion.  However, if you accept the notion that the evil globalist bankers are controlled by the likes of a few people like the Rothchild family, it would be indeed very difficult for the world's existing puppet-masters to buy up or re-accumulate a high percentage of the world wealth if they started to buy up bitcoins in any quantity meaningful to a family with potentially $300Billion US dollars in wealth.   Bitcoin cannot be printed the way they print euros or federal reserve notes!! 

So for this reason, I don't see any way the NWO was behind the creation of bitcoin.  Also, if the globalists were able to kill off bitcoin, it would have happened already!  The market cap now is too big a threat.

[MatTheCat]

I doubt it but I can't rule it out either. It just sounds too paranoid and conspiracy minded to me. There are many conspiracies going on of course and I am one to believe for instance that 9/11 was at least partly an inside job, and that most wars are not what most people think they are about. But that doesn't make every single thing you see some kind of conspiracy, can't you just fathom the idea that some random nerd genius came up with the idea of a cryptographic digital currency after seeing the flaws in our current monetary system and the fallout of the 2007-2008 economic crisis? To stay in your line of thinking I know that the NWO wants one global currency and do away with cash, but I doubt they had a cryptocoin in mind with a max of 21 million coins. Monopolies don't like the idea of decentralisation and not being able to control and inflate the money supply at their will.

Monopolies love the sound of any market that they think they can corner.

This is indeed a very interesting thread of discussion.  However, if you accept the notion that the evil globalist bankers are controlled by the likes of a few people like the Rothchild family, it would be indeed very difficult for the world's existing puppet-masters to buy up or re-accumulate a high percentage of the world wealth if they started to buy up bitcoins in any quantity meaningful to a family with potentially $300Billion US dollars in wealth.   Bitcoin cannot be printed the way they print euros or federal reserve notes!!  

So for this reason, I don't see any way the NWO was behind the creation of bitcoin.  Also, if the globalists were able to kill off bitcoin, it would have happened already!  The market cap now is too big a threat.

What happens if BTC or the notion of cryptocurrencies in general, was intended as a ways of undermining national economies by making capital flight out of the country very easy, and also making it very easy to get funds into a country which is to be put to nefarious purposes, such as funding militant or contra groups who are fighting a government whose policies the West doesn't like?


...and what if Satoshi's 1.5 MBTC are already the property of some intelligence arm of Uncle Sam? You think that any entity with access to 10% of all Bitcoins that exist and 5% of all those that ever will exist, is going to ever feel threatened by Bitcoin? And if they did, you think they couldn't kill it off literally with simple open market operations.......I can see the forum Headlines now: Satoshi's 1.5 MBTC transferred over to Bitstamp wallet SELL SELL SELL SELL!!!

[hologram]

1.What happens if BTC or the notion of cryptocurrencies in general, was intended as a ways of undermining national economies by making capital flight out of the country very easy,

2.and also making it very easy to get funds into a country which is to be put to nefarious purposes, such as funding militant or contra groups who are fighting a government whose policies the West doesn't like?

3....and what if Satoshi's 1.5 MBTC are already the property of some intelligence arm of Uncle Sam? You think that any entity with access to 10% of all Bitcoins that exist and 5% of all those that ever will exist, is going to ever feel threatened by Bitcoin? And if they did, you think they couldn't kill it off literally with simple open market operations.......I can see the forum Headlines now: Satoshi's 1.5 MBTC transferred over to Bitstamp wallet SELL SELL SELL SELL!!!

1.World would be more free

2.Do not care

3.Cool story bro

Wake up ! bitcoin is about the empowerement of individual against governement  how this could be bad ?

[ArticMine]

Who the F cares about Bolivia.

It only means that BTC is doing something right.

You don't think it is a bit fishy that Bitcoin is getting a very poor reception whenever it comes to the attention of any non NATO affiliated/controlled governments, whilst Western governments are all giving it the greenlight? I thought Bitcoin was meant to be a threat to the USD hegemony? If that is the case, why haven't the likes of Russia and China embraced it with open arms? Why isn't America banning it? Why are they legitimising Bitcoin by selling seized Bitcoins to entities such as large Western banks? IF Bitcoin was really a threat, the US could kill it stone dead, 2moro.

Russia, China, Thailand, India, and no doubt many more to come. They all know that Bitcoin was/is a pilot developed by NSA to wage financial warfare on other countries' economies. They can smell the US sanctions and/or other economic pressures and the capital flight via Bitcoin a mile off. A liquid Bitcoin market in a country also makes it very easy for powerful entities to get funds into that economy in order to sponsor 'destabilisers' of that economy/political system to do their deeds.

You actually believe this stuff yourself? Stop smoking too much of that stuff man it makes you paranoid.

Just give it a few years m8. Something along those lines will come out about Bitcoins origins.

... because contrary to many opinions Bitcoin does not pose a threat to the convertible fiat currencies such as the USD, EUR, GBP, CAD, etc or the related banking system. It actually complements the existing fiat banking system very well. When it comes to non convertible fiat currencies with high degrees of inflation and fears of capital flight as in the case in many non NATO affiliated/controlled governments Bitcoin poses a very serious threat. This is the kind of article that keeps many officials in many non NATO affiliated/controlled governments awake at night. www.pymnts.com/news/2014/chinese-home-buyers-can-now-use-bitcoin-in-london

Bitcoin by the way also poses a very serious threat to gold. If gold plunges in price it will be the western governments and their banks that have been selling and shorting gold that will be the winners and those who have been buying gold who will be the losers.

Edit: By the way after Bitcoin I consider the best investment to be short term US Treasury bills.

[btcbeliever]

...and what if Satoshi's 1.5 MBTC are already the property of some intelligence arm of Uncle Sam? You think that any entity with access to 10% of all Bitcoins that exist and 5% of all those that ever will exist, is going to ever feel threatened by Bitcoin? And if they did, you think they couldn't kill it off literally with simple open market operations.......I can see the forum Headlines now: Satoshi's 1.5 MBTC transferred over to Bitstamp wallet SELL SELL SELL SELL!!!

On the surface this seems like a crutial point.  As bitcoin grows 10-fold each year (mostly, anyway), Satoshi aquires alot of resources to buy off the world leaders.  But I think bitcoin leaves too much empowerment to the world masses to be attractive to the world puppetmasters.  No, I think fiat currency is their game.  And I think the Rothchilds and their kind would never embrace a tool that is so totally disruptive to the international banking systems.

[hologram]

Bitcoin by the way also poses a very serious threat to gold. If gold plunges in price it will be the western governments and their banks that have been selling and shorting gold that will be the winners and those who have been buying gold who will be the losers.

Unfortunately i'm in western and i don't think my governement is so smart 

[Benjig]

Hahaha i dont think the people can buy significant bitcoin to affect the price, so that thing ban is meaninless for us, well at some point is good; free advertising  

[hologram]

And people will buy at blackmarket in bolivia 

[MatTheCat]

And people will buy at blackmarket in bolivia 

Eventually, but only after a solid liquid Bitcoin market has established itself in the west and Bitcoin stabilises to a price and market volume level that serves to greatly reduce it's volatility to the extent that Bitcoin is as good as the USD as a form of payment that can be accepted all over the world. When that happens, and the governments inevitably fail to crack down on the black market, what is to prevent Bitcoin from eroding the foundations of any economy that the worlds financial and military superpower starts pressing upon? If you were wealthy Bolivian, Botswanan, or Burmese, and the US started pressuring your government with sanctions and started funding paramilitary groups to fight against the government, what would you want to do? You would want to get your wealth into a form that is internationally accepted and is not dependent on the backing and credit rating of your government which would be getting increasingly pushed towards insolvency. Capital Flight via Bitcoin would help to accelerate this process.

[hologram]

1.Eventually, but only after a solid liquid Bitcoin market has established itself in the west and Bitcoin stabilises to a price and market volume level that serves to greatly reduce it's volatility to the extent that Bitcoin is as good as the USD as a form of payment that can be accepted all over the world.

2.When that happens, and the governments inevitably fail to crack down on the black market, what is to prevent Bitcoin from eroding the foundations of any economy that the worlds financial and military superpower starts pressing upon?

3.If you were wealthy Bolivian, Botswanan, or Burmese, and the US started pressuring your government with sanctions and started funding paramilitary groups to fight against the government, what would you want to do?

4.You would want to get your wealth into a form that is internationally accepted and is not dependent on the backing and credit rating of your government which would be getting increasingly pushed towards insolvency. Capital Flight via Bitcoin would help to accelerate this process.

1.If you have an Argentine like inflation rate you would not wait...

2.To prevent you just have to not be socialist, how US can hurt Dubai economy ?

3.Find a way for me, my family and my wealth to be in security.

4.So people can escape socialist tyranny and it's a bad thing ?

[CEG5952]

They all know that Bitcoin was/is a pilot developed by NSA to wage financial warfare on other countries' economies. They can smell the US sanctions and/or other economic pressures and the capital flight via Bitcoin a mile off. A liquid Bitcoin market in a country also makes it very easy for powerful entities to get funds into that economy in order to sponsor 'destabilisers' of that economy/political system to do their deeds.

What we (including myself) all once thought was anarchic internet money of freedom, is actually The Man up to his same old tricks.

You have gone off the deep end now! I've heard the NSA thing as a joke, but are you serious with this? I see only conjecture here.

Anything to this? Links?

[zeroday]

Bolivia is just protecting their c0caine exports. They fears SR as competitor

[MatTheCat]

1.If you have an Argentine like inflation rate you would not wait...

2.To prevent you just have to not be socialist, how US can hurt Dubai economy ?

3.Find a way for me, my family and my wealth to be in security.

4.So people can escape socialist tyranny and it's a bad thing ?

I am sorry, but I don't see any point in discussing this further with someone who is:

1.So geo-politically naive

2. So entrenched in self righteousness with the system in which he has grown up in.


.....How can US hurt Dubai economy? Why would they bloody want to? Are the Arab elites out in Dubai doing anything to displease the US or are they eating out their hands like good little Arab billionaires, just as the Saudis and the Qataris, etc also are? Why were the Arab Spring uprising's in Libya or Syria, good Arab revolts and the ones that happened in Saudi Arabia or Yemen only to be brutally put down by the police in those countries, 'bad' Arab revolts?