Posted on 03/09/2014 11:21:43 AM PDT by SeekAndFind
Strictly speaking, a currency didn’t fail. A single exchange/bank did.
I’m trading Bitcoins for carbon credits. Half off. Today only. No checks.
Yep. This is how a monetary system should work. If an exchange mismanages money it fails and dies. It doesn’t get propped back up with tax payer money.
I was just going to say, can I buy carbon credits with bitcoins?
Rainbow unicorn fantasy money. Just another liberal fad fueled and hyped up.
RE: Yep. This is how a monetary system should work. If an exchange mismanages money it fails and dies. It doesn’t get propped back up with tax payer money.
Think about it... you won’t have any trust in any currency... the single slightest rumor ( true or false ) will cause a run on the currency.
You’ll have massive inflation and deflation weekly or even daily.
When you use Bitcoin for money laundering and black market however, it is just another cost of doing business.
Or have its obligation to redeem suspended by legal fiat - the traditional way insolvent banks got bailed out.
Townhall is on the Bitcoin warpath today.
Is Bitcoin Legal? Illegal? a Currency? a Commodity?
http://www.freerepublic.com/focus/f-news/3131268/posts
RE: Strictly speaking, a currency didn’t fail. A single exchange/bank did.
According to the article, A 2013 study found some 45 percent of all Bitcoin exchanges closed, taking their depositors money with them.
"By decree of Caesar Augustus in 15 B.C.E., the denarius was nearly pure silver, 95%-98%, and had a fixed weight and value in relationship to the rest of the Roman monetary system. Over the next 270 years, the silver content of the denarius declined gradually and then precipitously to about 2%."
Caesar's image is your tip off that debasement follows.
BTC now trading at 638USD.
RE: Just another liberal fad fueled and hyped up.
Not sure if supporters of this currency are really liberal. Many users and enthusiastic supporters I know are anti-big and centralized government.
Liberal fad?
Who do you think prefers a monetary system where the government can print all the money it wants to spend?
"We can guarantee cash payments from here on out, what we cannot guarantee is the purchasing power of that cash." -Alan Greenspan during remarks on Social Security, Feb 16, 2005
Yes you can. 1/2 off today only...send me your account number and pin.
Bitcoin is best used for “illegal” activities.
Trying to take it mainstream legit produces public debacles and government intrusion if not outright bans.
Ping
>Many users and enthusiastic supporters I know are anti-big and centralized government.
i.e. engaged in illegal activities
I just bought some silver, its only 3 one ounce bars, but its a start, got it at a good price.may get some fives and tens in the near future.
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