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Posted on 3/8/13 at 10:28 am to WikiTiger
quote:Maybe he is just being rude and refuses to reply to your posts....
I would appreciate it if you answered mine.
Posted on 3/8/13 at 10:40 am to WikiTiger
Maybe if it had a backing of something other than the word of the bitcoin creator. Whom by the way nobody has met or knows if they truly exist. Someone we could hold accountable when the scam collapses.
Now I'd appreciate if you could answer Russians questions?.
Now I'd appreciate if you could answer Russians questions?.
Posted on 3/8/13 at 10:46 am to Vols&Shaft83
quote:
Maybe if it had a backing of something other than the word of the bitcoin creator. Whom by the way nobody has met or knows if they truly exist. Someone we could hold accountable when the scam collapses.
That's your whole beef? Backing?
In that case, cryptocurrency will never be for you, as one of the key components of them will be that they have no backing. If that scares you, then don't use bitcoins or other non-backed currencies.
quote:
Now I'd appreciate if you could answer Russians questions?.
Which questions specifically?
Posted on 3/8/13 at 10:48 am to WikiTiger
How about any of them?
Posted on 3/8/13 at 10:49 am to Vols&Shaft83
quote:
How about any of them?
Post them and I'll answer them.
Posted on 3/8/13 at 10:54 am to WikiTiger
WikiTiger is correct. Your faith in Site5 as a domain registrar should be shaken. There is nothing wrong with bitcoin. I trust my hardware and encryption to protect my BTC. It is as simple as using truecrypt and offline storage.
Posted on 3/8/13 at 10:58 am to MetalTiger
quote:
It is as simple as using truecrypt and offline storage.
Easy as 1, 2, 3 for the average computer joe.
Posted on 3/8/13 at 11:07 am to WikiTiger
quote:This is categorically untrue in the United States. What do the following mean?
bitcoins cannot be frozen or seized by any government or private actor
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the
Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin
of the United States
Those are powers specifically granted to COngress by our Constitution. Your bitcoins could be declared worthless foreign coins, exchange rate of zero, at any point in time by Congress. Possession could be made a crime just like possession of child pornography. Those are hardly characteristics that excel traditional currencies.
Posted on 3/8/13 at 11:10 am to WikiTiger
quote:I've already posted them. You're just showing your immaturity.
Post them and I'll answer them.
Posted on 3/8/13 at 11:18 am to Poodlebrain
libertarians are sovereign citizens and the actions of the United States government have no bearing on them
Posted on 3/8/13 at 11:19 am to Poodlebrain
quote:
Your bitcoins could be declared worthless foreign coins, exchange rate of zero, at any point in time by Congress.
Yeah, I felt like bringing this up, but realized it would just garner some around-the-bout reply. Once the US takes action against bitcoin (which it will), I'm going to guess the entire scheme crashes.
Posted on 3/8/13 at 11:49 am to Poodlebrain
quote:
This is categorically untrue in the United States. What do the following mean?
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the
Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin
of the United States
Those are powers specifically granted to COngress by our Constitution.
I don't think you quite understand the constitution. But whatever, I'll never convince you of how wrong you are on this topic. Even showing you alternative currencies being legally used in the US wouldn't convince you.
quote:
Your bitcoins could be declared worthless foreign coins
They can do that all they want. It will have no real impact on the actual price, except maybe cause it to go up.
quote:
Possession could be made a crime
Is this something you would support?
Posted on 3/8/13 at 11:50 am to TheOcean
quote:
Once the US takes action against bitcoin (which it will)
What will they do?
How will they accomplish their goals?
Will they be able to enforce their laws globally?
Posted on 3/8/13 at 11:52 am to WikiTiger
quote:
Even showing you alternative currencies being legally used in the US wouldn't convince you.
Difference: they are taxed.
Posted on 3/8/13 at 11:53 am to TheOcean
quote:
Difference: they are taxed
Bitcoins can be taxed.
Posted on 3/8/13 at 11:53 am to WikiTiger
quote:
What will they do?
Take action similar to the Poker industry, but harsher. Prosecute major third party sites and push the US population out of bitcoins.
Posted on 3/8/13 at 11:54 am to WikiTiger
I'm not saying it can't be, but I believe one of the main bitcoin purposes is to avoid government taxation (could be wrong).
This post was edited on 3/8/13 at 11:55 am
Posted on 3/8/13 at 11:57 am to TheOcean
quote:
but I believe one of the main bitcoin purposes is to avoid government taxation (could be wrong).
it does make taxation avoidance extremely easy, and it makes investigation extremely expensive
Posted on 3/8/13 at 11:57 am to WikiTiger
wikster, i want to go back to my idea of the government mining a bunch of coins.
didnt you say that the rate of mining is controlled i.e. only 100 coins can be mined an hour or whatever. of those 100 coins, what determines how many i would get versus how many you would get? is it the power of the computing machinery?
didnt you say that the rate of mining is controlled i.e. only 100 coins can be mined an hour or whatever. of those 100 coins, what determines how many i would get versus how many you would get? is it the power of the computing machinery?
This post was edited on 3/8/13 at 11:59 am
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