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Topic: 2013-04-12 Bitcoins are unconstitutional (Read 2467 times)

donator
Activity: 784
Merit: 1000
April 15, 2013, 09:27:51 AM
#25
"BITCOINS RAPED BY CHILDREN!"
"BITCOIN IS RACIST!"
"BITCOINS ARE THE NEW WMD'S!"

"Bitcoin is invented by Al Qaeda!"  Grin
hero member
Activity: 520
Merit: 500
"Bitcoins are unconstitutional"

This gets my vote for most hilarious spreading of FUD.
full member
Activity: 196
Merit: 100
Another block in the wall
This is THE MOST AMAZING bashing ever  Grin


From the description:
"bitcoins dropped 270% to a low of just over $54"

How does something drop more than 100%?


+1 Grin
hero member
Activity: 731
Merit: 503
Libertas a calumnia
I think Nick Colas did a great job on this interview, giving all the right answers at the right moment. Bitcoin owes a lot to him.
+3
legendary
Activity: 1176
Merit: 1005
Bitcoin is unconstitutional?  WTF?

First, this is more America-centric bullshit.  The U.S. Constitution has nothing to do with what the rest of the world can do.

The U.S. Constitution is about the U.S. government, and nothing more.  It says what the U.S. government can and can't do.  

By its very definition, nothing that private individuals do can violate the Constitution.  The Constitution limits only the government.
legendary
Activity: 1078
Merit: 1003
"BITCOINS RAPED BY CHILDREN!"
"BITCOIN IS RACIST!"
"BITCOINS ARE THE NEW WMD'S!"

You forgot the part where only hookers and drugees use it, but I'll forgive you Wink
full member
Activity: 182
Merit: 100
Finding Satoshi
"BITCOINS RAPED BY CHILDREN!"
"BITCOIN IS RACIST!"
"BITCOINS ARE THE NEW WMD'S!"
legendary
Activity: 1330
Merit: 1000
I think Nick Colas did a great job on this interview, giving all the right answers at the right moment. Bitcoin owes a lot to him.

+2
newbie
Activity: 17
Merit: 0
The mainstream media has been given its marching orders by its corporate overlords, and that is "Bitcoin is to be discredited by any means necessary."
The reason for this is obvious of course.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
I highly doubt that the airhead that raised the "unconstitutional" argument has ever read the Constitution. For one, the point is nonsensical in that context and secondly that she doesn't strike me as the type that would bother to do such basic due diligence as background reading.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Where's the problem?

All the time you asked for the establishment to crack down on us, now that is finally happening you are getting fizzles?

cheap coins ahead!
legendary
Activity: 924
Merit: 1004
Firstbits: 1pirata
I think Nick Colas did a great job on this interview, giving all the right answers at the right moment. Bitcoin owes a lot to him.

+1
full member
Activity: 210
Merit: 100
I think Nick Colas did a great job on this interview, giving all the right answers at the right moment. Bitcoin owes a lot to him.
legendary
Activity: 1764
Merit: 1002
The blonde girl says that she would not like to hold bitcoins because they are not insured.  There is nothing preventing an insurance company from offering an insurance for bitcoin holdings.  There is nothing preventing a bank from holding her bitcoins and be regulated in exactly the same way as it currently is when holding US dollars.  All of these are merely a matter of laws and insurance services.  It's just a decision that can be taken, or not.

So what I mean is that those concerns are not idiosynchratic to bitcoin.   Pretty much everything the current banking system does, bitcoin could do it as well, except letting a minority of people secretly mess around with the total amount of money in circulation.

as the financial CEO of an investment company i'm sure the insurance she's referring to isn't what you think.

what she's probably referring to is a "put", as in a Greenspan put where speculative losses are always covered. 
legendary
Activity: 1288
Merit: 1080
The blonde girl says that she would not like to hold bitcoins because they are not insured.  There is nothing preventing an insurance company from offering an insurance for bitcoin holdings.  There is nothing preventing a bank from holding her bitcoins and be regulated in exactly the same way as it currently is when holding US dollars.  All of these are merely a matter of laws and insurance services.  It's just a decision that can be taken, or not.

So what I mean is that those concerns are not idiosynchratic to bitcoin.   Pretty much everything the current banking system does, bitcoin could do it as well, except letting a minority of people secretly mess around with the total amount of money in circulation.
sr. member
Activity: 358
Merit: 250
The best part is where Nick Colas replies that getting paid in bitcoins would actually have been a pretty good deal so far.
legendary
Activity: 1470
Merit: 1006
Bringing Legendary Har® to you since 1952
April 13, 2013, 11:12:08 AM
#9
And they are paid to spit such bullshit  Roll Eyes
Of course they are. In politics & media, somebody is almost always paid to say something.
full member
Activity: 182
Merit: 100
Finding Satoshi
April 13, 2013, 11:02:35 AM
#8
Maria is Satan's wife.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
April 13, 2013, 07:19:34 AM
#7
And they are paid to spit such bullshit  Roll Eyes
newbie
Activity: 14
Merit: 0
April 13, 2013, 03:35:20 AM
#6
This is THE MOST AMAZING bashing ever  Grin
http://video.cnbc.com/gallery/?video=3000161076&play=1
Bitcoins go against everything we beleive in. Like central banking system. What if I don't believe in such system?
CNBC is doesn't really bash bitcoins like other channels, but heck, they sure find the most amazing guests to talk about them


LOL, WTH??  Everyday the bought and paid for lame stream media is getting more and more irrelevant...




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