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Topic: Argentina Debt Crisis: U.S. Demands 1.5 billion cash (Bitcoin to Rescue?) - page 2. (Read 8862 times)

sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
U.S. wants 1.5 billion cash, Argentina says they can't but are willing to settle.  

If I were in Argentina, I'd be moving my savings to Bitcoin ASAP.

Argentina: Won't submit to 'extortion' on debt

http://www.sfgate.com/news/politics/article/High-court-rejects-Argentina-s-appeal-over-debt-5555358.php#photo-6463213
Why would they need to move it to bitcoin?

Really it's too late for that. But the point would be if it was in Bitcoin he could not be seized. The private investors will be attempting to seize assets all over the world including even things like spacelaunch contracts.

Even if they had it in bitcoin, private investors could seize whatever assets Argentina were to buy with their bitcoin when they go to spend it
member
Activity: 97
Merit: 10
sure to hold your savings in "traditional" curencies would be a big mistake for Argentina people now
hero member
Activity: 854
Merit: 500
Nope..
So Argentina can become the next Puerto Rico?  No thanks.
hero member
Activity: 700
Merit: 500
Bitcoin offers our first real opportunity to move past the "might makes right" paradigm of capitalism and the nation-state, and move toward a more just, equal, sane world that is governed by reason. We damn well better take it.

For all the bluff and bluster, I don't think you really even understand what capitalism is.  I think you are confusing it with something else, political systems probably.  Bitcoin is fundamentally capitalist and a future based on it would certainly not do anything to alleviate problems of equality - those with will be richer than those without.  Bitcoin has no impact either way on the concepts of nation states, which are not defined by their use of currency.  Capitalism doesn't care for violence, that's a socio-political matter, not for economics.  If  profit can be made from violence, it certainly will be, but greater profit and more importantly productivity can be made without violence, so that's where the real capitalist want to be.  And "Wage-slavery" is a trite term, an oxymoron that doesn't understand what actual slavery really is, the affects or impact on the subjects of it.  Other than that, you talk a lot of sense.  Roll Eyes

The beauty of the current system of wage slavery is not that you are (physically) forced to become one, more that you are conditioned throughout childhood to become one. It is very difficult to shake off 20+ years of imprinting for most people.
sr. member
Activity: 245
Merit: 250
Bitcoin offers our first real opportunity to move past the "might makes right" paradigm of capitalism and the nation-state, and move toward a more just, equal, sane world that is governed by reason. We damn well better take it.

For all the bluff and bluster, I don't think you really even understand what capitalism is.  I think you are confusing it with something else, political systems probably.  Bitcoin is fundamentally capitalist and a future based on it would certainly not do anything to alleviate problems of equality - those with will be richer than those without.  Bitcoin has no impact either way on the concepts of nation states, which are not defined by their use of currency.  Capitalism doesn't care for violence, that's a socio-political matter, not for economics.  If  profit can be made from violence, it certainly will be, but greater profit and more importantly productivity can be made without violence, so that's where the real capitalist want to be.  And "Wage-slavery" is a trite term, an oxymoron that doesn't understand what actual slavery really is, the affects or impact on the subjects of it.  Other than that, you talk a lot of sense.  Roll Eyes
legendary
Activity: 1386
Merit: 1003
U.S. wants 1.5 billion cash, Argentina says they can't but are willing to settle.  

If I were in Argentina, I'd be moving my savings to Bitcoin ASAP.

Argentina: Won't submit to 'extortion' on debt

http://www.sfgate.com/news/politics/article/High-court-rejects-Argentina-s-appeal-over-debt-5555358.php#photo-6463213
Why would they need to move it to bitcoin?

Really it's too late for that. But the point would be if it was in Bitcoin he could not be seized. The private investors will be attempting to seize assets all over the world including even things like spacelaunch contracts.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
There was a time before capitalism

I'm well aware.  I wonder if you are aware of what its like?  Really like?
In the not-too-distant future they'll look back on capitalism and say, "I wonder if you are aware of what it was REALLY like? It was horrible, the vast majority lived as slaves in all but name..."

I'm afraid you are out of your depth, friend. Your myopia blinds you from the truth.

If you take all future obligations the US has promised our real national debt is north of 100 trillion dollars. That much money doesn't even exist.
Don't worry, we leave the vast majority of that debt to our children and grandchildren, essentially selling them off as slaves to foreign banksters before they're even born...

...Surely there won't be any negative political ramifications of that fact, eh?


You keep making vague, stupid, grandoise statements without backing them up.
It's a bad habit I must admit. The truth is I am in possession of a commodity even rarer than Bitcoin. It's called "radical imagination", and for me it is a feeling similar to being in love. An emotional state that can be difficult to express in words, but for the first time in a long time I have hope for humanity. I will share something personal about myself, with no ego I will tell you I have what could be considered "exceptional" intelligence, and for most of my life that has meant a great deal of suffering, depression, and anxiety. Imagine yourself as a peace-loving, compassionate, non-violent human being who is stuck living in a world of violent chimps. Imagine your entire childhood being held under the power of these creatures, and you may have a glimpse into my suffering. The one good thing about suffering is that it is extremely fertile soil for growing knowledge. I survived the worst periods of my life and in the aftermath sought desperately to understand WHY I have suffered so much, and this journey of self-understanding led me to question everything I had once believed.

True wisdom is not the accumulation of ever more knowledge. True wisdom comes from UNLEARNING all the false truths that you were so damn sure about. You have been lied to your entire life, by people who have been lied to their entire lives. That's reality. Hard to grasp, I know.

And yeah, I know, more grandiose claims without backing them up, more asserting my superior intelligence. What can I tell you, I'm speaking from the heart without ego, there's no other way for me to tell it than to tell it as it is.
 
I agree that the modern western world consists of what I call "plantation-states" - where the citizens are functionally slaves forced to support the agenda of the elites through direct and indirect taxation. (Much like 19th century plantation slave owners would allow their skilled-trade slaves to keep a portion of their free-lance earnings while pocketing the rest.) However this is not due to capitalism but rather precisely the opposite, because it occurs through the use of centralized political power working against open competition and free-market capitalism. You correctly perceive the injustice, but have the remedy and the malady mixed up.
No, I have nothing mixed up. Capitalism - like the nation-state - necessitates systematic heirarchy-based violence to exist. Just as was the case in the age of outright slavery, ours is a world governed by violence and the threat thereof. Wage-slavery has the same requirement as slavery.
I've said it before and I'll say it again, on this little spec of dust we call Earth there is a zero-sum game between violence and reason. As one waxes, the other wanes. In the end our survival will come down to whether or not we allow reason to vanquish the rule of violence once and for all.

Bitcoin offers our first real opportunity to move past the "might makes right" paradigm of capitalism and the nation-state, and move toward a more just, equal, sane world that is governed by reason. We damn well better take it.
newbie
Activity: 48
Merit: 0
U.S. wants 1.5 billion cash, Argentina says they can't but are willing to settle.  

If I were in Argentina, I'd be moving my savings to Bitcoin ASAP.

Argentina: Won't submit to 'extortion' on debt

http://www.sfgate.com/news/politics/article/High-court-rejects-Argentina-s-appeal-over-debt-5555358.php#photo-6463213
Why would they need to move it to bitcoin?
sr. member
Activity: 420
Merit: 250
There was a time before capitalism

I'm well aware.  I wonder if you are aware of what its like?  Really like?
In the not-too-distant future they'll look back on capitalism and say, "I wonder if you are aware of what it was REALLY like? It was horrible, the vast majority lived as slaves in all but name..."

I'm afraid you are out of your depth, friend. Your myopia blinds you from the truth.

If you take all future obligations the US has promised our real national debt is north of 100 trillion dollars. That much money doesn't even exist.
Don't worry, we leave the vast majority of that debt to our children and grandchildren, essentially selling them off as slaves to foreign banksters before they're even born...

...Surely there won't be any negative political ramifications of that fact, eh?


You keep making vague, stupid, grandoise statements without backing them up. I agree that the modern western world consists of what I call "plantation-states" - where the citizens are functionally slaves forced to support the agenda of the elites through direct and indirect taxation. (Much like 19th century plantation slave owners would allow their skilled-trade slaves to keep a portion of their free-lance earnings while pocketing the rest.) However this is not due to capitalism but rather precisely the opposite, because it occurs through the use of centralized political power working against open competition and free-market capitalism. You correctly perceive the injustice, but have the remedy and the malady mixed up.

Typical ignorant 1st world kid trying to sound profound, and all the education he got ever did waas to make him even more or a loud mouth.

Also, none of you even known what a plantation is or what slavery looks like, so don't dream you actually know anything. That includes any blacks today.
legendary
Activity: 1708
Merit: 1035
There was a time before capitalism

I'm well aware.  I wonder if you are aware of what its like?  Really like?
In the not-too-distant future they'll look back on capitalism and say, "I wonder if you are aware of what it was REALLY like? It was horrible, the vast majority lived as slaves in all but name..."

I'm afraid you are out of your depth, friend. Your myopia blinds you from the truth.

If you take all future obligations the US has promised our real national debt is north of 100 trillion dollars. That much money doesn't even exist.
Don't worry, we leave the vast majority of that debt to our children and grandchildren, essentially selling them off as slaves to foreign banksters before they're even born...

...Surely there won't be any negative political ramifications of that fact, eh?


You keep making vague, stupid, grandoise statements without backing them up. I agree that the modern western world consists of what I call "plantation-states" - where the citizens are functionally slaves forced to support the agenda of the elites through direct and indirect taxation. (Much like 19th century plantation slave owners would allow their skilled-trade slaves to keep a portion of their free-lance earnings while pocketing the rest.) However this is not due to capitalism but rather precisely the opposite, because it occurs through the use of centralized political power working against open competition and free-market capitalism. You correctly perceive the injustice, but have the remedy and the malady mixed up.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
There was a time before capitalism

I'm well aware.  I wonder if you are aware of what its like?  Really like?
In the not-too-distant future they'll look back on capitalism and say, "I wonder if you are aware of what it was REALLY like? It was horrible, the vast majority lived as slaves in all but name..."

I'm afraid you are out of your depth, friend. Your myopia blinds you from the truth.

If you take all future obligations the US has promised our real national debt is north of 100 trillion dollars. That much money doesn't even exist.
Don't worry, we leave the vast majority of that debt to our children and grandchildren, essentially selling them off as slaves to foreign banksters before they're even born...

...Surely there won't be any negative political ramifications of that fact, eh?

legendary
Activity: 1512
Merit: 1005
Argentina is no stranger to collapse. Hopefully their citizens have learned to have some money in gold, silver and bitcoin.

This will likely happen to places like Argentina.

After they will basically default twice in the span of ~13 years their currency will likely be devalued in the ForEx markets causing high inflation throughout the country.

Without a stable currency to use hopefully the people of Argentina will look to bitcoin

Pedro, August 2014: Shit, fleeced AGAIN! Next time, I will go bitcoin/gold in advance!
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Argentina is no stranger to collapse. Hopefully their citizens have learned to have some money in gold, silver and bitcoin.

This will likely happen to places like Argentina.

After they will basically default twice in the span of ~13 years their currency will likely be devalued in the ForEx markets causing high inflation throughout the country.

Without a stable currency to use hopefully the people of Argentina will look to bitcoin
sr. member
Activity: 420
Merit: 250
Capitalism is mass-theft and mass-exploitation

How loud you cry, yet there you are using your computer, powered by electricity on the internet, linking to youtube... all products of capitalism.
Man, why are capitalists always so weak at argument? I've destroyed this pitiful argument so many times I frankly can't even be bothered anymore. Hint: You don't understand history very well. It's a series of revolutions.

There was a time before capitalism, there will be a time after capitalism. "This too shall pass". Nothing escapes the march of time - not even your overwhelming ignorance.

Fucking hilarious to see a crying fool thinking he can call others 'ignorant'. GTFO and learn some common sense and maturity please....you sound like a bitchy 15 year old who thinks he 'knows' because of some half baked 'rational argument that does nothing to hide your actual shallow intentions.
legendary
Activity: 1540
Merit: 1029
Argentina is no stranger to collapse. Hopefully their citizens have learned to have some money in gold, silver and bitcoin.
legendary
Activity: 1708
Merit: 1035
There was a time before capitalism, there will be a time after capitalism. "This too shall pass". Nothing escapes the march of time - not even your overwhelming ignorance.

It's been well said that capitalism is the worst economic system - except for all the alternatives. If you think you are oppressed in a free-market society, try being on the wrong side of a society with unfree markets. (Or to put it another way - if your complaint is that you are being oppressed by the economically powerful, you are actually arguing FOR free markets - against such manipulation and oppression - not against them. I can guarantee that in a socialist/communist system the centralization of economic power will lead to greater corruption and thus oppression of the masses. That's how it always works in practice.)
sr. member
Activity: 245
Merit: 250
There was a time before capitalism

I'm well aware.  I wonder if you are aware of what its like?  Really like?  Please try it and report back. But I sense you will would rather decry it instead, its far easier to say its undesirable while enjoying all the benefits as you obviously do.  I also look forward to something after, as long as its an advancement. 
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
the brics are using other currencies now other than the usd reserve currency to settle trades. this is obviously unacceptable and argentina must be liberated.
legendary
Activity: 1092
Merit: 1000
wait, why is it extortion on debt? if you owe the money, then you have to pay it.. no? can't blame a debt collector from collecting debt.

In my life time, I don't even think the U.S will come close to repaying our debt. It's so huge everyone basically has a 'debt' on them.

But I agree with you. And moving to Bitcoin doesn't help, since the IRS view it as property. Argentina sort of has it bad, also, due to the corruption and such. And if a country want's their money, I'm a hundred percent sure they're going to go through Hell's Bounds and back.

While I agree that a creditor has a right to collect, why the f*&k are they doing it now? Are they trying to cause a collapse? We (the US) send billions to other countries all the time to help them out, why are we now hurting the economy of someone that I assume is an ally?


don't be assuming stuff. everyone is jumping ship on the usd reserve currency.

http://www.ipsnews.net/2014/06/argentina-once-more-on-the-map-invited-by-brics/

the brics are using other currencies now other than the usd reserve currency to settle trades. this is obviously unacceptable and argentina must be liberated.
legendary
Activity: 1512
Merit: 1011
capitalism is good ... when money is hold by the people.
not by a private interest ...
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