[Chugalug] More on Bitcoin:

Stephen Kraus ub3ratl4sf00 at gmail.com
Thu Aug 22 14:57:19 UTC 2013


If it happens, I'll be waiting for the flying pigs.
On Aug 22, 2013 10:00 AM, "Matt Keys" <mk6032 at yahoo.com> wrote:

>
> Bitcoin is already an accepted form of payment. Some employers like the
> Internet Archive already give that option to their employees. In other
> words I see bitcoin as a stabilizing factor in a crisis like that. In order
> to keep food, water, shelter, etc. you'd need to pay those employees that
> keep those utilities going... so you're gonna pay them in sandwiches,
> water, and bullets -- or bitcoin? How would you collect payments if you're
> an employer?
>
> What happened in Cyprus is a fact. Another fact that took place around 80
> years ago... "executive order 6102". Governments historically try to seize
> or ban when they're loosing control or wanting control of something --
> land, water, shelter, guns/ammo... even money.
>
> On 08/22/2013 08:59 AM, Stephen Haywood wrote:
>
>> If the Euro, or Dollar go belly up, the most usable currency for a few
>> weeks or months will be water, food, shelter, and protection, not bitcoins.
>> Now, after things stabilize, bitcoins might rise up to be the new
>> Euro/Dollar but it is very unlikely.
>> --
>> Stephen Haywood
>> Owner, ASG Consulting
>> CISSP, GSEC, OSCP
>> 423.305.3700
>> stephen at averagesecurityguy.**info <stephen at averagesecurityguy.info>
>>
>>
>>
>>
>> On Aug 22, 2013, at 6:05 AM, Matt Keys <mk6032 at yahoo.com> wrote:
>>
>>  Yeah, have fun...
>>>
>>> Have fun trying to keep track of who's behind the IP in each
>>> transaction... have fun trying to "regulate" a peer-to-peer network with no
>>> central authority. Downloading copyrighted material using bittorrent has
>>> been deemed illegal and has been "regulated" by various authorities... does
>>> it still happen? Do the authorities know exactly how often this happens,
>>> from where, to/from whom?
>>>
>>> The usual political fear mongering won't work. I think what's happening
>>> is that governments are starting to wrap their heads around this gigantic
>>> problem -- "how the hell are we going to continue business as usual if this
>>> really takes off worldwide?"
>>>
>>> This guy quoted on the cnbc article has the right idea, but he's
>>> thinking about it in the wrong direction : "If the euro does go belly up
>>> the German authorities could potentially still collect tax if everyone
>>> started using the bitcoin - that's a good example of German
>>> forward-thinking!" -- http://www.cnbc.com/id/**100971898<http://www.cnbc.com/id/100971898>. If the Euro goes "belly up" nobody is going to give a shit about German
>>> taxes. They're going to dump their Euro money, as fast as possible, to
>>> bitcoin and another forms of money. Think Cyprus crisis v2.0 on an
>>> exponential scale.
>>>
>>>
>>> On 08/21/2013 04:21 PM, Stephen Kraus wrote:
>>>
>>>> Yeah, guess what it means.
>>>>
>>>> You have to report any profit you make from Bitcoin on your taxes. Have
>>>> fun!
>>>>
>>>>
>>>> On Wed, Aug 21, 2013 at 3:59 PM, Tyler Mittan <
>>>> flashbatmanquestion at gmail.com**> wrote:
>>>> Looks like Bitcoin is being recognized as "private money" by Germany:
>>>>
>>>> http://www.cnbc.com/id/**100971898 <http://www.cnbc.com/id/100971898>
>>>>
>>>> For those that don't take Austrian economics seriously, notice the name
>>>> drop of F.A. Hayek.
>>>>
>>>> ______________________________**_________________
>>>>
>>>>
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