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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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franky1
Legendary
 Offline
Activity: 4214
Merit: 4475
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December 03, 2014, 07:54:11 PM |
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governments can do what they want with their money. after all its their copyright..
bitcoin however is not a government product and they do not even own the mechanisms to make or control it..
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Flashman
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December 03, 2014, 08:15:04 PM |
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Yup, they can take their balls, and go home, and play with their balls in private.
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TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins. |
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aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
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December 03, 2014, 09:29:10 PM |
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one day in the future they will look back on 'interest to infinity' as a form of debt slavery by primitives. |
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leopard2
Legendary
Offline
Activity: 1372
Merit: 1014
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December 03, 2014, 09:32:53 PM |
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we don't need no monetary policy, just some oversight that the label does not lie, just like the govt does not sell food but makes sure the label on food packaging is correct!anyone could issue anything as a monetary unit, it is called private money or free coinage; banks, companies, individuals, everyone could create their own money and offer it to the public (this could be cryptocurrencies, foreign currencies, metals, grains or just plain fiat notes) mines would offer metals, naturally, oil companies petroleum product covered notes, farmer might offer a currency backed by grains (like Germany did after WW1) et cetera. paradise. no more fiat slavery, no more cheating and no more big government. governments only job would be oversight e.g. if silver coins from Walmart say 1 oz, they must contain 1 oz then the Fed would just be one out of hundreds of money issuers!!! HAHAHA just joking, nobody would use their junk bills if they had a choice 
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Truth is the new hatespeech.
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countryfree
Legendary
Offline
Activity: 3052
Merit: 1047
Your country may be your worst enemy
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December 03, 2014, 10:52:49 PM |
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Yes, you can.
This is what happens when a country doesn't have its own currency.
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I used to be a citizen and a taxpayer. Those days are long gone.
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UnunoctiumTesticles
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December 03, 2014, 10:55:27 PM |
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bitcoin however is not a government product and they do not even own the mechanisms to make or control it..
Nonsense. Don't listen this fool. |
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Nrcewker
Copper Member
Hero Member
Offline
Activity: 2170
Merit: 536
Building my own Dreams!
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December 04, 2014, 04:01:57 AM |
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It depends on which country the government is. if the red regime, huh  |
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Ron~Popeil
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December 04, 2014, 04:33:17 AM |
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Getting government out of the money business would be ideal. Getting them out of most things would be even better.
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Vessko
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December 04, 2014, 10:03:45 AM |
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botany
Legendary
Offline
Activity: 1582
Merit: 1064
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December 04, 2014, 04:55:37 PM |
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Until Bitcoin constitutes a significant portion of the money supply, the government will continue to dictate monetary policy. If Bitcoin becomes widespread and there are bitcoin banks, then again the government has the means to influence monetary policy. So you definitely can't wish away the government.  |
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commandrix
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December 04, 2014, 05:46:22 PM |
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Until Bitcoin constitutes a significant portion of the money supply, the government will continue to dictate monetary policy. If Bitcoin becomes widespread and there are bitcoin banks, then again the government has the means to influence monetary policy. So you definitely can't wish away the government. Nailed it on the head. I hear there are people who are working on a completely voluntary conflict resolution system that's kinda based on the Blockchain or something (I forget who) but the thing about "voluntary" is that you can ignore them and go to the federal courts anyhow. I think that's what a lot of Libertarians and anarchocapitalists ignore about the government. You can't wish it away and you can't just stick your head into the sand like an ostrich and ignore it. It's one of those cases where we need less talk and more action. |
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Beliathon
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December 04, 2014, 07:04:48 PM |
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Historically speaking, confident authority figures forbidding the use of a new technology generally doesn't turn out very well for the authority.
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picolo
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December 04, 2014, 07:09:01 PM |
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governments can do what they want with their money. after all its their copyright..
bitcoin however is not a government product and they do not even own the mechanisms to make or control it..
Governments can be change if people understand that it's better for them not to give too much power to untrusted people. |
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Meuh6879
Legendary
Offline
Activity: 1512
Merit: 1011
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December 04, 2014, 07:45:56 PM |
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If you give the currency to bitcoin, i don't care who is the government.
rotshchild style.
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