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Author Topic: Biggest Scam Ever!!  (Read 6031 times)
knight22
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July 31, 2012, 04:26:29 PM
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The main culprits are our government's ability to print money, control interest rates, and disallow competing currencies.  The videos do touch on these issues as well - they just don't feel like the main focus.

This is were you are wrong. Government has effectively one control of his money since JF Kennedy sign the executive order 11110 but was unfortunately never used... The FED is printing all the money and have all the real control over the economy.

See thread "Modern Money Mechanics" for further details:
https://bitcointalk.org/index.php?topic=93310.0

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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nevafuse
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July 31, 2012, 08:54:41 PM
 #42

The main culprits are our government's ability to print money, control interest rates, and disallow competing currencies.  The videos do touch on these issues as well - they just don't feel like the main focus.

This is were you are wrong. Government has effectively one control of his money since JF Kennedy sign the executive order 11110 but was unfortunately never used... The FED is printing all the money and have all the real control over the economy.

See thread "Modern Money Mechanics" for further details:
https://bitcointalk.org/index.php?topic=93310.0

I was using the FED & government interchangeably because both are required to accomplish the abilities I listed above.  Without the government, the dollar would be worthless.  We would have switched to a non-inflating currency a long time ago.  The only reason bitcoin is succeeding is due to decentralization.

The only reason to limit the block size is to subsidize non-Bitcoin currencies
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