[Chugalug] More on Bitcoin:

Aaron welch n2nightfall at gmail.com
Thu Aug 22 16:00:40 UTC 2013


Agreed.  Lets stop arguing about its merits and downfalls and focus on the
important parts...  Make the money now before they figure out how to
devalue it.

-AW



On Thu, Aug 22, 2013 at 11:44 AM, Bret McHone <dbmchone at gmail.com> wrote:

> http://www.youtube.com/watch?v=xmFXEcI_AA4   This about sums it up.
>
> -B
>
> On Aug 22, 2013, at 11:27 AM, Stephen Kraus wrote:
>
> All you are doing by proposing replacing a regulated form of currency with
> a limited by design crypto currency is introducing the same problems we
> ditched by leaving gold backed currency.
>
> It is deeply ironic that bitcoiners decry regulation without fully
> understanding that is exactly what large, monopolistic buisnesses want, or
> a magical free market thatwe technically had in the early 1900s and only
> led to massive worker and market abuses.
>
> It is with even deeper irony that you decry government manipulation of
> markets, when the exact opposite led to massive and disastrous market
> fluctuations.
>
> It is with the deepest irony that you decry manipulation of markets
> without realizing that studying and learning to manipulate markets is the
> ENTIRE point of economics.
>
> Like I said, when pigs fly.
>  On Aug 22, 2013 11:12 AM, "Matt Keys" <mk6032 at yahoo.com> wrote:
>
>>
>> http://www.cnbc.com/id/100923551
>>
>>
>> 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> 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
>>>>
>>>>
>>>>
>>>>
>>>> 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 . 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
>>>>>>
>>>>>> For those that don't take Austrian economics seriously, notice the
>>>>>> name drop of F.A. Hayek.
>>>>>>
>>>>>>
>>
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-- 
Aaron Welch
Chief Mechanic @ Geek Ventures
423-505-9999
n2nightfall at gmail.com
"Enabling people to do great things with their own ideas."
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