Abraham Lincoln is Un-American. He violated the constitution more than any other president.
I had an impression of him as quite nationalist and with great respect for ths original constitution.
Paradox.
Topic: Bitcoin: "A Self-Contained Financial System" (Read 3664 times)
I had an impression of him as quite nationalist and with great respect for ths original constitution.
Paradox.
Abraham Lincoln is Un-American. He violated the constitution more than any other president.
We digress, well I'm not american and I guess my knowledge of american history is not very good but I'm really surprised you say that. I had an impression of him as quite nationalist and with great respect for ths original constitution.
Anyway here's my two satoshi on the caption I prefer "A self governing currency system" to a self contained financial system
Abraham Lincoln is Un-American. He violated the constitution more than any other president.
I asked my father -- who is behind me -- what he thought of this:
"Sounds Un-American, son."
"Sounds Un-American, son."
Ask him if he thinks Abraham Lincoln's greenbacks were unamerican? They didn't rely on a federal reserve and worked fine!
Heh, strawmen 4TL. Selling coupons for an hour at Wally World isn't worth beans in Poughkeepsie.
Comparing Bitcoin to Berkshares and Ithicahours is ridiculous. Bitcoin is global, not local.
Which has no distinction under the law. Please provide the cite for the statute which says a national or global private currency is illegal but a local one is illegal. Also there is limit on where a Berkshare can be accepted anymore than there is a limit on where Bitcoin can be accepted.
A hint .. you made a completely false and easily verifiable claim. Stop digging you just make yourself more and more foolish.
Huh? Your asking the wrong guy. Ask the guys in prison for creating illegal currencies. Your strawman claim that I made a distinction between local and foreign currencies based on legality is false. Fact is, I consider your 'local currencies' just like coupon books.
The guy in jail is in jail because he committed FRAUD and COUNTERFITTING. Private currencies are legal in the United States under existing law. What you "consider" isn't worth a golden terd
Here is a photo of the "Liberty Dollar"
The case had nothing to do with the legality of private currencies and everything to do with fraud and counter-fitting.
Since you appear to just troll for the sake of trolling ... welcome to ignore.
Comparing Bitcoin to Berkshares and Ithicahours is ridiculous. Bitcoin is global, not local.
Which has no distinction under the law. Please provide the cite for the statute which says a national or global private currency is illegal but a local one is illegal. Also there is limit on where a Berkshare can be accepted anymore than there is a limit on where Bitcoin can be accepted.
A hint .. you made a completely false and easily verifiable claim. Stop digging you just make yourself more and more foolish.
Huh? Your asking the wrong guy. Ask the guys in prison for creating illegal currencies. Your strawman claim that I made a distinction between local and foreign currencies based on legality is false. Fact is, I consider your 'local currencies' just like coupon books.
Comparing Bitcoin to Berkshares and Ithicahours is ridiculous. Bitcoin is global, not local.
Which has no distinction under the law. Please provide the cite for the statute which says a national or global private currency is illegal but a local one is illegal. Also there is limit on where a Berkshare can be accepted anymore than there is a limit on where Bitcoin can be accepted.
A hint .. you made a completely false and easily verifiable claim. Stop digging you just make yourself more and more foolish.
How about "A Self Contained Financial Platform" upon which communities, industries, and nations can build?
D&T is correct. I misunderstood some rulings earlier and dug deeper, and he is 100% correct.
However, what you can not do, is call something legal tender. You can create your own money, afaik you can call it money, it just has no legal basis to settle debts. IOW, you bucher doesnt have to accept bitcoins. He has to accept dollars, or euro's or whatever the legal tender were you live. If you live in the US, he doesnt have to accept euro's either, as its not legal tender there. Same as bitcoins. Think of bitcoins as a foreign currency. No legal basis, but therefore not illegal.
However, what you can not do, is call something legal tender. You can create your own money, afaik you can call it money, it just has no legal basis to settle debts. IOW, you bucher doesnt have to accept bitcoins. He has to accept dollars, or euro's or whatever the legal tender were you live. If you live in the US, he doesnt have to accept euro's either, as its not legal tender there. Same as bitcoins. Think of bitcoins as a foreign currency. No legal basis, but therefore not illegal.
Comparing Bitcoin to Berkshares and Ithicahours is ridiculous. Bitcoin is global, not local.
OK, so maybe it was 25% not true then. I did say that Bitcoin is acceptable as a currency in the US. As far as how the Constitution has been interpreted, you might want to ask Bernard von NotHaus.
Counterfitting and fraud are illegal. Like I said there are many private currencies in the United States some have existed for decades.
Berkshares have been in circulation since 2006 - about 2.2 million have been issued.
Ithicahours have been in circulation since 1991.
Sure, coupons have always been around. Like S&H Green Stamps. Now we're splitting hairs. After all, money is a reification. We're talking about legal interpretations. That's what I love about Bitcoin. It challenges all the conventions about who's imaginary value is better.
Those aren't coupons anymore than Bitcoins or Gold is a coupon.
Quote
"We're talking about legal interpretations."
Exactly and your legal interpretation is invalid.
OK, so maybe it was 25% not true then. I did say that Bitcoin is acceptable as a currency in the US. As far as how the Constitution has been interpreted, you might want to ask Bernard von NotHaus.
Counterfitting and fraud are illegal. Like I said there are many private currencies in the United States some have existed for decades.
Berkshares have been in circulation since 2006 - about 2.2 million have been issued.
Ithicahours have been in circulation since 1991.
Sure, coupons have always been around. Like S&H Green Stamps. Now we're splitting hairs. After all, money is a reification. We're talking about legal interpretations. That's what I love about Bitcoin. It challenges all the conventions about who's imaginary value is better.
OK, so maybe it was 25% not true then. I did say that Bitcoin is acceptable as a currency in the US. As far as how the Constitution has been interpreted, you might want to ask Bernard von NotHaus.
Counterfitting and fraud are illegal. Like I said there are many private currencies in the United States some have existed for decades.
Berkshares have been in circulation since 2006 - about 2.2 million have been issued.
Ithicahours have been in circulation since 1991.
It is not illegal to use private currency in the United States. There are couple dozen private currencies and some have existed for decades.
The Constitution gives Congress the AUTHORITY to print and regulate currency but doesn't explicitly prohibit alternative currencies. There is no federal statute that prohibits private currencies in the US.
The Constitution gives Congress the AUTHORITY to print and regulate currency but doesn't explicitly prohibit alternative currencies. There is no federal statute that prohibits private currencies in the US.
OK, so maybe it was 25% not true then. I did say that Bitcoin is acceptable as a currency in the US. As far as how the Constitution has been interpreted, you might want to ask Bernard von NotHaus.
It is not illegal to use private currency in the United States. There are couple dozen private currencies and some have existed for decades.
The Constitution gives Congress the AUTHORITY to print and regulate currency but doesn't explicitly prohibit alternative currencies. There is no federal statute that prohibits private currencies in the US.
The Constitution gives Congress the AUTHORITY to print and regulate currency but doesn't explicitly prohibit alternative currencies. There is no federal statute that prohibits private currencies in the US.
I don't know what country you are in, but in the USA only Congress is legally able to issue money. I would be careful calling Bitcoin money in America. As a foreign currency, it seems to be acceptable for now.
100% not true.
What's not true, Article 1 Section 8 of the US Constitution or that some stores accept Bitcoin? Or maybe you're one of those that refuses to call Bitcoin a currency.
I don't know what country you are in, but in the USA only Congress is legally able to issue money. I would be careful calling Bitcoin money in America. As a foreign currency, it seems to be acceptable for now.
100% not true.
I don't know what country you are in, but in the USA only Congress is legally able to issue money. I would be careful calling Bitcoin money in America. As a foreign currency, it seems to be acceptable for now.
Yes, and if you for example use EURO you go to jail
Seriously... wtf
I was thinking Canadian. I get coins in my change all the time. I suppose I should call the Secret Service?
I asked my father -- who is behind me -- what he thought of this:
"Sounds Un-American, son."
Hi, i'm European. "Sounds Un-American, son."
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