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Bitcoin cracks US$100
- Thread starter PhenoMenal
- Start date
this right here
the virtual satoshi made sure that the meat space satoshi will never be 'trusted' because meat space satoshi will never sign the genesis block
whats in it for the .gov is they get to exercise power, thats enough for them
you asked about the lawsuit, which involves bankruptcy
just because a business uses bitcoins doesnt mean its not a legitmate business. should we ask the silk road users about how they pay taxes too? if .gov provided bitcoin the same network for taxes as gold and regulated with legitamcy then how is bitcoin not like gold? and if gold then so bitcoin...
so people who invest in it are the wolf of wall street but the people that... what? use it? except it as payment? are not?
because someone in .gov has 'yet to mandate' bitcoin tax policy?
"never said the sole purpose of GOLD was to fuck the tax man, I said GOLD INVESTORS were trying to fuck the tax man"
does that still hold up?
icmag is not the place for financial advise, and besides its not like capital gains is income tax! am right? right? .... ya
house of cards
if taxes were payed through the blockchain then we would have known mitt romneys tax return in the elections of ought twelve
200 years ago i could have payed taxes with leftover stems!
cheers
oh boy! you really told me!!!
you told me about GOLD but I didn't fucking ask.
you told me about MITT ROMNEY'S FUCKING TAXES w/o me even having to ask!!!
and you told me about capital gains but who the fuck said anything about that???
I'm so glad you clarified everything so fucking concisely.......
very typical, run out of valid points and then muddy the waters with pure bullshit.
the discussion was of bitcoin not gold.
it was about avoiding taxes NOT MITT ROMNEY'S RETURNS!!!!!!!
but go ahead, let's see you tie Nazi stolen artworks into the mix somehow, I got no answers to Nazi stolen artworks if you wanna challenge me on that
btw jayjay, if you wanna compare apples to oranges the perfect example is Gold to Bitcoins.
one is legit
and the other is just shit
if you think I'm wrong just dial up any MtGox customers
Everyone talks up how gold is real money, but something people never think about, is how the value of gols is only based on people wanting shiny things, and people making the shiny things. Having and making shiny things is a pretty low priority in the sort of situation in which all our usual money was no good.I'm talking about a collapse, breakdown of society, doomsday prepper type scenario. All these people hoarding gold, when people will be too busy getting food in their bellies and fighting eachother to even think about shiny things. You only think about shiny thinngs, when your society is already set up to prvide food and shelter. The ancients the world over loved Gold and wore lots of it. There weren't that many of the ancients, relative to the resources need for life. Population has reached such a point in relation to resources that in the event of the "Mad Max" situation, people will be unable to sustain a living standard, to even think about shiny things, and without the desire for shiny things the shiny stuff ain't worth much at all.
you think gold is legit
i think bitcoin is legit
c'est la vie
i hate godwins law, glad i didnt violate it
i think this is the best bitcoin thread to update because the thread title started when the price was so low
i think bitcoin is legit
c'est la vie
i hate godwins law, glad i didnt violate it
i think this is the best bitcoin thread to update because the thread title started when the price was so low
right on.......
Gold has always been money because , it is divisible and holds its value to weight ratio,the weight is also something that can be objectively verified, it can be debased by adding other metals too it ,but its much harder to do than just printing more of it. That's why it is known as honest money. Its tough to find if you want more,adding to its value ,that is just supply and demand from the free market, and that's how money should be chosen. Its also durable, much more than paper you cannot get gold wet and watch it tear apart, we have all forgotten money in our laundry before.
Something to remember is a "dollar" is a weight of measure like a foot or a pound. The paper is just a promise to pay a "dollar" in gold in the future.
The wording on this bill is a little different, the older notes say gold or silver but lawful money is what is used today in modern remedy.
In 1971 they departed from the redemption option in gold,now they no longer have that wording, but you may reject their credit on the back of your pay check, its also a mortgage on all the property you buy with it and what makes you liable for Income tax. You must record all of this on the public record, and making that record stand in a court of record (common law).
If you want to learn the process go here
Ok ,back to the gold standard. Once gold (and silver) was no longer a redemption option They expanded their money supply to devalue the dollar 99% ! Now its only as good as their appearing to be solvent to make good on their T bonds. Which they can never pay back with real money, you cant pay a debt with a debt.
This is what the money supply did post gold standard.
that's inflation. Gold is not gaining value the dollar is losing it.
This is a utterly bewildered Harvard economist and nobel peace prize winner and he writes for the NY times. Educated into ignorance,or just morally corrupt for fame.
Ron Paul vs. Paul Krugman on Bloomberg TV - April 30, 2012
[YOUTUBEIF]jEmKIRqz9AI[/YOUTUBEIF]
Now the money exists in zeros and ones in bank accounts, the banks count their loans as assets ,and create money digitally out of thin air.
That's called counterfeiting.
Now since congress and the government runs on this debt, just even try to suggest that you take away their credit Kool-Aid.Its not a option, they talk about budget cuts out of increased spending, meaning if you spend 5 million this year and plan on spending 10 the next and only cut 1 million its not a decrease in spending. That's what they do when these debt ceiling arguments arise in the news, its all political kabooki theater.
They hold us hostage by threatening to be responsible lol.
Anyways you can only expand the money supply so much before its worthless to the public, that should have been between 33' to 71'. Now its just a house of cards waiting to fall.the only thing they can do is try to print their way to solvency by other indirect means like asset purchases (asset bubbles) and that's not going to happen.
When the FED announces tapering ,the stock market takes a big hit, just take time to think about that , with a word from the FED the whole thing can collapse.
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All of this is true, but none of it changes the fact that a society needs to be set up to feed and house it's people before the gathering of hard to find thing and the fashioning of trinkets enters into anyone's head. The fact that Gold keeps rising now says nothing about it's value in a total collapse scenario.
It only gained a value in our ancient history because we had developed beyond subsistence living, and there were enough resources for the population. Nobody was interested in a torque or a gold belt buckle until other needs were met.
Basing a fiat currency on the gold standard is no cure for monetary woes, as it is just as vulnerable to manipulation by large holders as bitcoin or coffee beans.
Edit
Satoshi
http://www.theguardian.com/technology/video/2014/mar/07/satoshi-nakomoto-bitcoin-founder-video
Look at his face. If that's not him I'll eat my hat.
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[/QUOTE]
Answer that was looked over....
If living beyond subsistence were true, then there is no reason to allocate anything from a central planner or free market. We would all be rich and we could live beyond our wildest dreams.There would be no need for money.
Resources are limited to this planet and their renewability. Technology has developed to use them wisely despite central planning, but we have not developed past limited resources.
I'm advocating competing currencies including bitcoin,its good as long as it is honest (subjective to the buyer). It is digital therefore more open to manipulation. More so than a tangible metal. The federal reserve's currency is a digital monopoly ! Therefore bitcoin is a target for regulation by congress at the FED's wishes, and this is especially true if you buy them with federal reserve notes. legally speaking.
To tie them down to a standard ,that's determined by everyone or open for inspection by the public is what will keep them honest. In a free market you would be able to ditch them at the first sign of trouble.
This is the bank runs the keynesians or however you spell it, warn of pre- 1913 ,they do not solve this problem with central planning its not the truth. If you felt your money was in danger you could withdraw it back then , with central planning it is stuck in there to keep the banks solvent. See the writings about the bankers holiday where FDR confiscated everyone's gold in 1933,or the 08 bailouts.
Answer that was looked over....
If living beyond subsistence were true, then there is no reason to allocate anything from a central planner or free market. We would all be rich and we could live beyond our wildest dreams.There would be no need for money.
Resources are limited to this planet and their renewability. Technology has developed to use them wisely despite central planning, but we have not developed past limited resources.
I'm advocating competing currencies including bitcoin,its good as long as it is honest (subjective to the buyer). It is digital therefore more open to manipulation. More so than a tangible metal. The federal reserve's currency is a digital monopoly ! Therefore bitcoin is a target for regulation by congress at the FED's wishes, and this is especially true if you buy them with federal reserve notes. legally speaking.
To tie them down to a standard ,that's determined by everyone or open for inspection by the public is what will keep them honest. In a free market you would be able to ditch them at the first sign of trouble.
This is the bank runs the keynesians or however you spell it, warn of pre- 1913 ,they do not solve this problem with central planning its not the truth. If you felt your money was in danger you could withdraw it back then , with central planning it is stuck in there to keep the banks solvent. See the writings about the bankers holiday where FDR confiscated everyone's gold in 1933,or the 08 bailouts.
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i would argue that because its digital its more regulated than any other physical good, because digital is math and math can be proven to be fair.
bentom points i agree with
the newest 'scam' is the MyRA, your retirement fund will now be used as the 'debt' to print more money
"if you like your retirement plan you can keep your retirement plan" - Obama 2015
bentom points i agree with
the newest 'scam' is the MyRA, your retirement fund will now be used as the 'debt' to print more money
"if you like your retirement plan you can keep your retirement plan" - Obama 2015
[youtubeif]GrrtA6IoR_E[/youtubeif]
http://p2pfoundation.ning.com/forum/topic/listForContributor?user=0ye0gncqg772o
confirmed
dorian says 'i didnt work for anybody, not bitcom in 2010'
satoshi says 'i am not dorian'
200k in 2010 bitcoin has been moving the past hour or so
the real satoshi has not been heard from in years and he just popped up to say it wasnt him.
SATOSHI LIVES
http://p2pfoundation.ning.com/forum/topic/listForContributor?user=0ye0gncqg772o
confirmed
dorian says 'i didnt work for anybody, not bitcom in 2010'
satoshi says 'i am not dorian'
200k in 2010 bitcoin has been moving the past hour or so
the real satoshi has not been heard from in years and he just popped up to say it wasnt him.
SATOSHI LIVES
[youtubeif]GrrtA6IoR_E[/youtubeif]
http://p2pfoundation.ning.com/forum/topic/listForContributor?user=0ye0gncqg772o
confirmed
dorian says 'i didnt work for anybody, not bitcom in 2010'
satoshi says 'i am not dorian'
200k in 2010 bitcoin has been moving the past hour or so
the real satoshi has not been heard from in years and he just popped up to say it wasnt him.
SATOSHI LIVES
Ross Ulbricht did his Forbes interview denying that he was the original DPR, after he'd been visited by DHS.
"Oh, er, I don't much like this publicity. Hang on, I'll log in for the 1st time in years, and say that I'm not me".
Seriously, look at the guys face on the vid I posted. That smile he is trying to suppress. That's the same smile a kid has when they deny eating all the Nutella, whilst covered in the stuff.
He has made contradictory statements. 1st he said he wasn't involved anymore, then he says he never was. Then he said something about a confidentiality agreement.....
Just a little wrench in the discussion , Yes objectively verifiable money is what a large portion of the population would choose for money, the insane or people who make no sense at all may choose something else.... but that's freedom ,we don't have to go along with it or any one idea, the best ones that will benefit individuals and society will rise or fall on their own merits, and we can choose to take part or not. Bitcoin being the most recent and relevant example in this thread. I am not saying any of you are insane, just pointing out the example of the market choosing the money.
yes I agree the My RA plan is BS there are already IRA accounts people can sign up for by themselves if they thought it was important or had the resources. Its just accounts made up for future confiscation.
yes I agree the My RA plan is BS there are already IRA accounts people can sign up for by themselves if they thought it was important or had the resources. Its just accounts made up for future confiscation.
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it doesnt add up, dorians english is nowhere near as good as satoshis' is in the bitcoin white paper
the very first place the real satoshi ever posted about bitcoin hasnt been used in 5 years, mass mainsteam media says we found you and satoshi says 'no, you didnt' at the same original site that the original satoshi posted the first bitcoin post at...
satoshi is either not on PST or works nights
virtual satoshi made sure meat space satoshi could not be found with any degree of certainty
he makes contradictory statements because 1. he taught himself english 2. the reporter needed a scoop and attributed certain statements in an unethical manner
I still lean towards it being him. timezone differences, it's not like staying up late, getting up early, setting the alarm clock for stupid-oclcock are hard to do. Why should the fact that he logged back in to his old account disprove anything? I logged into ***** a few weeks ago for the 1st time since before my last homegrow was stolen in 08.
People's written English can be great, but their spoken not so great, and vice versa. It can be a lot easier to learn to read and write a new language fluently than it is to speak it, due to the way different languages sounds are used, this is where "Foreign accents" come from.
dorians written stuff is nowhere near the level of satoshis writting. all the people that worked with him later assumed bitcoins satoshi nakamoto was actually more than one person
my bet is that satoshi nakamoto is atleast 3 people
DC's nick szabo
japans Mochizuki
and a british financial or old computer scientist, maybe a women, 50+
women were the original 'programmers' and bitcoin 0.1 client that satoshi wrote had completely ancient style to it, pre-90s like.
the 0.1 client also looked like it was 'reviewed' and got 'cleaned up'. so somewhere atleast two sets of eyes were on it before anybody else got to see it. its more likely that bitcoin was a 20 year evolution of a shoot off from the original DOD project that started the internet
jpmorgan had a decade old patent similar to bitcoin. max keisers name is on a late 90s digital currency patent. SHA come out mid 90s
kind of like how crude oil and the industrial revolution set up the advancements and prosperity in the 20th century so too will the internet and bitcoin set up societal advancement and prosperity in the 21st.
it simply took time for things like SETI, Napster, BitTorrent and TOR to all come together to make bitcoin. like how gasoline, rubber tires, and metallurgy came together to make the automobile.
my bet is that satoshi nakamoto is atleast 3 people
DC's nick szabo
japans Mochizuki
and a british financial or old computer scientist, maybe a women, 50+
women were the original 'programmers' and bitcoin 0.1 client that satoshi wrote had completely ancient style to it, pre-90s like.
the 0.1 client also looked like it was 'reviewed' and got 'cleaned up'. so somewhere atleast two sets of eyes were on it before anybody else got to see it. its more likely that bitcoin was a 20 year evolution of a shoot off from the original DOD project that started the internet
jpmorgan had a decade old patent similar to bitcoin. max keisers name is on a late 90s digital currency patent. SHA come out mid 90s
kind of like how crude oil and the industrial revolution set up the advancements and prosperity in the 20th century so too will the internet and bitcoin set up societal advancement and prosperity in the 21st.
it simply took time for things like SETI, Napster, BitTorrent and TOR to all come together to make bitcoin. like how gasoline, rubber tires, and metallurgy came together to make the automobile.
So the dude that Newsweek popped wearing the Member's only jacket... Is that Satoshi Nakamoto?
it wasn't me that created bitcoin lol......no thanks but I do love the idea...however the government hates it.....they don't like unregulated cash flow.........peace
