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Author Topic: What has the Scottish pound got to do with bitcoin?  (Read 1294 times)
sgbett (OP)
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July 13, 2014, 09:39:19 AM
 #1

Dream thread!

So I just woke up from a dream where i was on holiday in Scotland and had a bunch if Scottish bank notes. I was due to come back to England soon but it wasn't a problem because I knew I could use them (with the odd funny look) as normal.

Then a guy walks in and shouts "last call for notes" I didn't know what he was talking about, so I asked around and I was told it was the <strange dream word> of the scottish currency. I dunno what the word was but it meant they were getting rid of it and everyone had to swap their Scottish notes at the bank.

Then there was a bit of gathering and off it went to be swapped the dream petered out and I woke up.

I sat and thought about it for a whole and then had an epiphany

It's an extension to the idea that the govt is behind btc, and what happens to the USD in the end. I think the USD won't actually physically go away but instead it will one day become pegged to Bitcoin.

Say the fed gets hold of enough btc that they can peg 1usd to 1000 satoshi or something, they could easily cover all usd in circulation. They probably wouldn't stop there though, instead they would probably make sure they had plenty more in reserve (clue's in the name!).

The ins and outs are probably debatable but as a broad concept I think this is totally a way to effectively switch from USD to BTC without "breaking" money for the unwashed masses, and to also 'save' the dollar.

No dollar collapse, no forced switch, no tricky technology for people to learn, fed still owns pretty much all the money (because of course they are acquiring btc all the time cheaper than the eventual rate they will peg it at. They just need enought to make sure that all the people that get 'rich' in dollar terms in the way, don't end up that *relatively* rich when compared to the fed.)

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
*my posts are not investment advice*
MatTheCat
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July 13, 2014, 11:32:20 AM
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Say the fed gets hold of enough btc that they can peg 1usd to 1000 satoshi or something, they could easily cover all usd in circulation. They probably wouldn't stop there though, instead they would probably make sure they had plenty more in reserve (clue's in the name!).

The ins and outs are probably debatable but as a broad concept I think this is totally a way to effectively switch from USD to BTC without "breaking" money for the unwashed masses, and to also 'save' the dollar.

No dollar collapse, no forced switch, no tricky technology for people to learn, fed still owns pretty much all the money (because of course they are acquiring btc all the time cheaper than the eventual rate they will peg it at. They just need enought to make sure that all the people that get 'rich' in dollar terms in the way, don't end up that *relatively* rich when compared to the fed.)


You are too 'nice' and therefore your conclusions aren't cutting edge enough.

Go and have a dream about the BRICS countries with their ever expanding GDP's all trying to tiptoe away from the dollar thus threatening it's very existence, and then US military intelligence releasing a digital currency which they control and have surreptitiously cornered from the very start, which ultimately sucks all the wealth of the BRICS nations dry and collapses their national currencies as the US puts increasing external pressure on these 'upstart' nations.

I don't know how the above could be symbolically represented in a dream, but if u come to the above conclusion, then I reckon you won't be too far of the mark.

Interesting you having a dream about the Scottish split from the UK.....I haven't made up my mind whether it is going to happen or not (I aint voting either way). Your dream kind of suggests that it might be on the cards...unless of course you just have a mad fetish about Scottish bank notes and English business's reluctance to accept them in your dream merely represents some form of abandonment/rejection issue!

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sgbett (OP)
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July 13, 2014, 06:41:40 PM
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Hehe so sinister. There are surely bad people I the world but I don't think there is quite so many as people sometimes think, and they generally aren't out and out evil, just selfish.

Selfish like they want more for themselves, not evil like they want everyone else to have nothing. Though I realise that philosophically they are two sides of the same coin.

England Scotland was just a vehicle, I don't really have any strong feelings either way. What's wierd was that it was in Scotland that it was happening, which is why it didn't make sense.

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
*my posts are not investment advice*
BTCtrader71
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July 13, 2014, 06:54:30 PM
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What's wierd was that it was in Scotland that it was happening, which is why it didn't make sense.

Could the history of free banking in Scotland have played a role in why the deep recesses of your mind picked Scotland for your dream?

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