[Chugalug] More on Bitcoin:

Matt Keys mk6032 at yahoo.com
Thu Aug 22 15:12:57 UTC 2013


On 08/22/2013 10:57 AM, Stephen Kraus wrote:
> If it happens, I'll be waiting for the flying pigs.
> On Aug 22, 2013 10:00 AM, "Matt Keys" <mk6032 at yahoo.com 
> <mailto: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 <tel:423.305.3700>
>         stephen at averagesecurityguy.info
>         <mailto:stephen at averagesecurityguy.info>
>         On Aug 22, 2013, at 6:05 AM, Matt Keys <mk6032 at yahoo.com
>         <mailto: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 .
>             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
>                 <mailto:flashbatmanquestion at gmail.com>> wrote:
>                 Looks like Bitcoin is being recognized as "private
>                 money" by Germany:
>                 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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