Bitcoin mining difficulty to increase to 1,563,715,200. [Vanity]

NA | NA

[Georgia Girl 2]

Apparently you missed the news that Friday the Feds raided some online drug business and took $28 million in bitcoins away. There is no way the US govt or any other govt is going to allow a rogue currency to endanger the regular fiat currency.

If you want to hedge your bets buy gold or silver. When the SHTF and there is no internet there won’t be any bitcoins anyway. If you can’t hold it in your hand it doesn’t mean chitola.

[Errant]

It wasn't Friday, it was a week or so prior. The government has and can confiscated gold or anything else it wants since there is little you or any individual can do about it. It's best to diversify any assets you have. It's also wise not to engage in any illegal activates and give Cesar that which belongs to Cesar (i.e., taxes).

This person allegedly was engaged in illegal activity. It matters little where he kept his profits. The government will go after them, even if held in an offshore bank.

While it's great to prepare for the SHTF, you still have to live for today. It's wise to diversify and not be cowered, for if that's the case we've already lost the war, and our final outcome is assured to be a miserable existence under a tyrannical master. That said, I'm certain central banks are demanding their governments do something about this infringement on their monopolies.

The question is will these governments try to stomp out crypto-currency or instead embrace and tax it like Germany has decided to do. I suspect some countries will try to make it illegal, with stiff penalties, acquiescing to their central bankers' demands, while other countries who more respect the rights of individuals, will join the crypto-currency bandwagon.

When/If the SHTF, only food, water, shelter, company, and some way to ease pain will matter. I think if more people realized how bad things could get, there would be more effort to avoid collapse of civilization. The movie *The Road* is probably a good look into where the road we're on now eventually leads to.

Have to go cook some mustard greens. Later... :-)

[Errant]

This is a good article at James Rawles' Survivor Blog.com. The author mentions Bitcoins along with helpful information that might be useful to know during the coming crisis.

The Time Has Come To Fully Diversify: Retreating From Banks And From The Dollar Itself

[Georgia Girl 2]

Yes I read that article on Suvivalblog last week. IMO bitcoins are not a good idea for when the SHTF. They will disappear you will have nothing. Gold and Silver will always have value.

[Errant]

I just stopped by MickyD’s to grab a quick sandwich on the way home. In the cashier’s window was a notice to the cashiers (I had to read it reversed) telling them they were getting a lot of counterfeit bills, and to make sure the “pen” was used on ALL 5s, 10s, 20s, 50s, and 100 dollar bills. You know it’s getting bad when you have to use “the pen” on $5 bills!

[morphing libertarian]

Regal theatre in Oceanside ca has even gotten fake $1s

[Errant]

Dang! That’s unreal...

[morphing libertarian]

Ruins my scheme lol

[SamAdams76]

I think you are jealous of those of us who are now bitcoin millionaires.

I don't take my bitcoin hoard that seriously but I do like to get naked every now and pour these into my bathtub. Then I roll around in them for a while and pretend I'm Richie Rich.

[Pilsner]

Lad, when I posted a photo of a nubile, buxom, indeed pulchritudinous young woman, biting a coin,

I was making a joke. Perhaps you ought to consider a stand up desk,

because the the humor is going tight over your head.

[Errant]

[Errant]

Here's a story recently related to me by a guest at a White House dinner, which included Google's Eric Schmidt: The president, whose most important job is surely to protect the integrity of the monetary system, smugly asked Schmidt if Bitcoin, one of many growing challenges to currency hegemony, was anything he had to worry about.

http://www.reddit.com/r/Bitcoin/comments/1pf5jm/obama_asks_google_ceo_eric_schmidt_if_bitcoin_is/