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Started By
Message
re: Bitcoin buzz stays high --- even after bubble
Posted on 5/13/13 at 8:15 pm to gizmoflak
Posted on 5/13/13 at 8:15 pm to gizmoflak
just something to chew on:
quote:
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
Alan Greenspan 1966
This post was edited on 5/13/13 at 8:30 pm
3
Posted on 5/13/13 at 8:22 pm to WikiTiger
You don't know how to provide a link?
Posted on 5/13/13 at 8:29 pm to LSURussian
Posted on 5/13/13 at 8:30 pm to WikiTiger
quote:
WikiTiger
SO, You don't know how to provide a link?*
*The preceding question was entirely original, any similarities to any other questions are purely coincidental.
This post was edited on 5/13/13 at 8:32 pm
Posted on 5/13/13 at 8:31 pm to gizmoflak
quote:
wasn't hard to find at all
It must be. Wiki's quote is attributed to AG in 1963. Yours says 1966. Fail on your part.
Posted on 5/13/13 at 8:39 pm to LSURussian
quote:
It must be. Wiki's quote is attributed to AG in 1963. Yours says 1966. Fail on your part.
yeah, huge fail on my part.
Posted on 5/13/13 at 8:50 pm to gizmoflak
You're too uninformed to know the reason I asked wikiliar for a link was to see if he was going to be honest for once. But you butted in.
Greenspan later repudiated what he wrote in 1966. He admitted he was wrong. Wiki is still a liar.
Greenspan later repudiated what he wrote in 1966. He admitted he was wrong. Wiki is still a liar.
Posted on 5/13/13 at 8:55 pm to LSURussian
Posted on 5/13/13 at 8:55 pm to LSURussian
quote:
Greenspan later repudiated what he wrote in 1966. He admitted he was wrong. Wiki is still a liar.
quote:
You don't know how to provide a link?
Posted on 5/13/13 at 9:15 pm to WikiTiger
So now you've made 9 posts in this thread without bothering to respond to my question regarding how Bitcoins made your trip to Maui possible. It is kind of hypocritical of you to ask others to make predicitions about future events when you won't even provide answers to questions about past events. So I'll ask once again, how di Bitcoins make your trip to Maui possible?
And while you are at it could you provide a response to my observations about the investment in Coinpurse by Union Square Ventures?
And while you are at it could you provide a response to my observations about the investment in Coinpurse by Union Square Ventures?
Posted on 5/13/13 at 9:22 pm to Poodlebrain
quote:
So now you've made 9 posts in this thread without bothering to respond to my question regarding how Bitcoins made your trip to Maui possible.
I asked a philosoraptor question. I didn't say bitcoin actually enabled my trip. if you understand philosoraptor then you'll understand it was a joke. most of y'all didn't get it, though.
regardless, I'll answer by saying that early adoption of bitcoin might allow a person to cash out to fiat and purchase a trip with the money. it would be a perfectly legitimate use of an asset that can act as a commodity and a currency
Posted on 5/13/13 at 9:27 pm to WikiTiger
quote:
I'll answer by saying that early adoption of bitcoin might allow a person to cash out to fiat and purchase a trip with the money. it would be a perfectly legitimate use of an asset that can act as a commodity and a currency
So you didn't use a proxy when you visited KomeonIwannlayya
Posted on 5/13/13 at 9:35 pm to Vols&Shaft83
Nah, taxpayers paid for his trip.
Posted on 5/14/13 at 9:14 am to LSURussian
quote:
Nah, taxpayers paid for his trip.
Link?
Posted on 5/14/13 at 10:33 am to gizmoflak
I've been so tempted to link meatspin over the last 30 minutes.
Posted on 5/14/13 at 10:48 am to Broke
quote:
I've been so tempted to link meatspin over the last 30 minutes.
what's stopping you?
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