As for Governments: I will borrow another persons words while giving
them full credit for those very well crafted words.
By: PastaArt
"The power of government is the illusion that they have the authority,
and if we ignore it, they have no other choice but to go along to appear to be in control".
source:
http://www.reddit.com/r/Bitcoin/comments/2cqn0b/why_the_proposed_new_york_bitcoin_regulations_are/
By: PastaArt
My own current thoughts:
Don't ever fear any prudent, common sense regulations.
But always stand against all overbearing regulations.
Nothing and no one can ever stop Bitcoin.
===========================
Not even the most powerful governments can hope to ever stop Bitcoin.
The Genie is out of the bottle and there is no stopping her at all.
They can all surely try in vain all they care to try, but they cannot hope to outsmart the Smartest and Strongest
Store of Value ever devised.
Force Bitcoin out here, or there, and she will just laugh and giggle and go elsewhere as well as hide out right
under their crooked, rotten noses.
We wont be giving up nor surrendering Bitcoin to anyone. And Bitcoin isn't stopping for anything, nor anyone.
Tyrannical regulating forces (Bankster Control Freaks that think they Own Us All) wont be stuffing overbearing
regulations down Bitcoin's path because Bitcoin will just laugh and giggle and plow right through them.
No matter what has been thrown at Bitcoin it just keeps coming right back, stronger than ever.
Nothing and no one can possibly stop Bitcoin.
Resistance is Futile.
Bitcoin is Real Freedom.
Bitcoin is The Future.
Bitcoin is Pure Genius.
Checkmate Banksters.
Topic: Bitcoin is Freedom - page 72. (Read 55702 times)
You are right, bitcoin is freedom and it's a good feeling knowing that. It's a real shame though that governments are trying to regulate it meaning if they do get their way freedom could be a thing of the past. Fingers crossed they are never able to 
All governments will not let go of their power to issue and control the money.
This is probably true. They also probably will not have very much of a choice when their currency is not used as much anymore.
Bitcoin is Freedom
And as for any Gold based currency schemes their doomed to fail too. Bankers and Governments will eventually
fall to temptation, and end up printing more physical notes (dollars, etc.) than there is gold in the vaults.
To date: By far the strongest Store of Value every created and devised is Bitcoin, and/or it's time proven successors
as this grand Decentralized Digital Monetary Revolution continues. And nothing nor anyone can ever hope to stop it.
Bitcoin is true Monetary Freedom for All Peoples.
Bitcoin is the strongest Store of Value ever created so far, and is very likely (but not assured) to stand the test of time.
Only if Bitcoin proves to be so flawed it cannot be fixed will it ever fail. And even if that should occur then one of it's
successors will surely succeed.
I declared on June 3rd 2014 A.D. that Bitcoin is the strongest Store of Value ever created.
Either Jamie Dimon (CEO of JP Morgan Chase) is wrong, or I am wrong. But it can't be both.
He stood up and made his statement about Bitcoin early this year, quite the opposite of what I just stated again here.
VERY SOON it will be painfully apparent to all who has any real sense, any real credibility, and whom is merely talking
out both sides of their crooked, lying mouth. (as I like to phrase how the criminal banking cartel behaves routinely).
Here is a great 10 minute video to forward to others explaining the following:
Currency War: 140 Years of Monetary History In Ten Minutes
======================================
http://www.zerohedge.com/news/2014-06-13/currency-war-140-years-monetary-history-ten-minutes
Bitcoin is the Future.
fall to temptation, and end up printing more physical notes (dollars, etc.) than there is gold in the vaults.
To date: By far the strongest Store of Value every created and devised is Bitcoin, and/or it's time proven successors
as this grand Decentralized Digital Monetary Revolution continues. And nothing nor anyone can ever hope to stop it.
Bitcoin is true Monetary Freedom for All Peoples.
Bitcoin is the strongest Store of Value ever created so far, and is very likely (but not assured) to stand the test of time.
Only if Bitcoin proves to be so flawed it cannot be fixed will it ever fail. And even if that should occur then one of it's
successors will surely succeed.
I declared on June 3rd 2014 A.D. that Bitcoin is the strongest Store of Value ever created.
Either Jamie Dimon (CEO of JP Morgan Chase) is wrong, or I am wrong. But it can't be both.
He stood up and made his statement about Bitcoin early this year, quite the opposite of what I just stated again here.
VERY SOON it will be painfully apparent to all who has any real sense, any real credibility, and whom is merely talking
out both sides of their crooked, lying mouth. (as I like to phrase how the criminal banking cartel behaves routinely).
Here is a great 10 minute video to forward to others explaining the following:
Currency War: 140 Years of Monetary History In Ten Minutes
======================================
http://www.zerohedge.com/news/2014-06-13/currency-war-140-years-monetary-history-ten-minutes
Bitcoin is the Future.
***
You know Bitcoin is important because governments around the world are all thinking about how to stop or regulate it. It’s difficult to overestimate the potential benefits of Bitcoin and its associated block chain technology. For the first time in human history it’s possible for anyone to send money to, or receive money from anyone else on the planet, virtually free of charge, with complete safety, and without the permission of any corporation or government. So yes bitcoin is the start of freedom .
*** (Quoted from above)
I wish more people knew how big this is.
You know Bitcoin is important because governments around the world are all thinking about how to stop or regulate it. It’s difficult to overestimate the potential benefits of Bitcoin and its associated block chain technology. For the first time in human history it’s possible for anyone to send money to, or receive money from anyone else on the planet, virtually free of charge, with complete safety, and without the permission of any corporation or government. So yes bitcoin is the start of freedom .
*** (Quoted from above)
I wish more people knew how big this is.
Throughout human history the spark of freedom has overcome the deluge of water poured on it by governments and aristocrats. The longer it takes the more explosive it has generally been. The harder they try to grind it out the more determined it becomes. The natural condition of humanity is freedom and people will and do overcome incredible odds to reach it. Crypto currency will be a watershed event in human history.
THIS!
"The natural condition of humanity is freedom and people will and do overcome incredible odds to reach it" is the most important axiom people should recognize!
The only barrier is that freedom has it costs as well like self reliance, the constant need for adaptation and the chance for failure. Oh wait is not that the definition of evolution?
Hence they want security over freedom, until they realize that both gets destroyed in the process!
“Any society that would give up a little liberty to gain a little security will deserve neither and lose both.”
Benjamin Franklin
Video:
Is Bitcoin an NSA Setup? Mike Maloney
June 6th, 2014
http://investmentwatchblog.com/is-bitcoin-an-nsa-setup-mike-maloney/
sourced from: http://whatreallyhappened.com/
June 6th, 2014
Bitcoin is Freedom.
https://bitcoin.org/bitcoin.pdf - by Satoshi Nakamoto - The Bitcoin White Paper
https://bitcoin.org/ - Bitcoin.org - #1 Non Profit Home page for Bitcoin
A beginner's guide to bitcoin
http://www.coindesk.com/information/
That's the old school paradigm. What we're all witnessing in 2014 is a very real global paradigm shift in every area of our lives.
What seems to always be missed in these kinds of observations that the governments are powerful entities who have all the control and if they declare it banned, we're all just fucked is this:
Paradigm shift. This isn't a fluke of nature, this is exactly how nature works and all hierarchies inevitably get the rug yanked out from under them as the paradigm shifts pit the enslaved against the masters. In every species where there is any sort of pecking order, it always breaks down because the top gets too heavy handed until the bottom can no longer support it...then those on the bottom will revolt and rise up and it'll be socialistic for awhile before someone ends up with too much power...then it starts all over again.
The other thing that is always overlooked is the reality of what took place in the USA particularly (because of its usd reserve status), that only got worse by 2001 after 911. But 2008, those wealth mongers making deals with the banking cartel and the whole wall street fiasco and bank bail outs was a real turning point in this history of this country. The banks basically held our entire economy hostage saying we fucked you all good and well, we got wealthy and you can't punish us because well, it'll cause a global economic collapse.
While there are a lot of people in our country who are oblivious imbeciles not paying attention, there are plenty more who were and we saw the government basically reward the criminals with billions of dollars instead of sending them to prison and dealing with the fall out even if it hurt.
NOBODY in this country forgot that.
While the left and right bicker back and forth they all agree that 2008 was inexcusable and all sorts of new agencies and movements and protests and good old fashioned revolutions have been stirring up ever since. We can mock the guys in Nevada holding government at bey with machine guns and we can mock the tea party and mock the truckers and all those people too but it's not whether or not they're effective, it's that it's a response to 2008...people have gotten fed UP with this, on all sides of the political spectrum. Government is being mocked and disregarded at every turn by the mainstream public.
All these authority figures are being exposed, challenged, protested against, the backlash is severe. Even the damn pope is getting backlash.
People are rising up - not as a singular unit with a violent revolution in play but splintered - in hundreds and thousands of mini revolts, so many that this government is physically unable to corral them all...no matter their rulings, they are swiftly being overcome by the will of the people.
Gay marriage, marijuana, vaping, religion, copyright, music, movies, books, software, information, news, the whole thing...and while Americans appear splintered, it's essentially multiple smaller units overcoming by numbers, a larger spread out organism that's fighting the "beast" basically. Divide and conquer at its finest.
Nobody here forgot what our government and the financial sector did and people are rising up.
Decentralization has become the strategy that pays...systematically dismantling "Big Brother" day by day. The government is failing, the banking system is failing, our political system is a joke, the Empire is falling. This is the chaos of collapse following the shifting of a paradigm. That's also natural - perceptual shifts always happen first, then the material adjustments follow. Embrace this shift.
Bitcoin is just one more - albeit huge - weapon of the people and if the government started going draconian out of the threat, sure, it'll scare some people but the vast majority will ultimately disregard it and keep the momentum going until it breaks once and for all under the will of the people.
The revolution is already in progress...embrace it. Do your part.
Government is only as powerful as the power afforded by the people and when the people were bankrupted and betrayed and the government rewarded the criminals, that's the moment the entire balance of power began to shift.
What seems to always be missed in these kinds of observations that the governments are powerful entities who have all the control and if they declare it banned, we're all just fucked is this:
Paradigm shift. This isn't a fluke of nature, this is exactly how nature works and all hierarchies inevitably get the rug yanked out from under them as the paradigm shifts pit the enslaved against the masters. In every species where there is any sort of pecking order, it always breaks down because the top gets too heavy handed until the bottom can no longer support it...then those on the bottom will revolt and rise up and it'll be socialistic for awhile before someone ends up with too much power...then it starts all over again.
The other thing that is always overlooked is the reality of what took place in the USA particularly (because of its usd reserve status), that only got worse by 2001 after 911. But 2008, those wealth mongers making deals with the banking cartel and the whole wall street fiasco and bank bail outs was a real turning point in this history of this country. The banks basically held our entire economy hostage saying we fucked you all good and well, we got wealthy and you can't punish us because well, it'll cause a global economic collapse.
While there are a lot of people in our country who are oblivious imbeciles not paying attention, there are plenty more who were and we saw the government basically reward the criminals with billions of dollars instead of sending them to prison and dealing with the fall out even if it hurt.
NOBODY in this country forgot that.
While the left and right bicker back and forth they all agree that 2008 was inexcusable and all sorts of new agencies and movements and protests and good old fashioned revolutions have been stirring up ever since. We can mock the guys in Nevada holding government at bey with machine guns and we can mock the tea party and mock the truckers and all those people too but it's not whether or not they're effective, it's that it's a response to 2008...people have gotten fed UP with this, on all sides of the political spectrum. Government is being mocked and disregarded at every turn by the mainstream public.
All these authority figures are being exposed, challenged, protested against, the backlash is severe. Even the damn pope is getting backlash.
People are rising up - not as a singular unit with a violent revolution in play but splintered - in hundreds and thousands of mini revolts, so many that this government is physically unable to corral them all...no matter their rulings, they are swiftly being overcome by the will of the people.
Gay marriage, marijuana, vaping, religion, copyright, music, movies, books, software, information, news, the whole thing...and while Americans appear splintered, it's essentially multiple smaller units overcoming by numbers, a larger spread out organism that's fighting the "beast" basically. Divide and conquer at its finest.
Nobody here forgot what our government and the financial sector did and people are rising up.
Decentralization has become the strategy that pays...systematically dismantling "Big Brother" day by day. The government is failing, the banking system is failing, our political system is a joke, the Empire is falling. This is the chaos of collapse following the shifting of a paradigm. That's also natural - perceptual shifts always happen first, then the material adjustments follow. Embrace this shift.
Bitcoin is just one more - albeit huge - weapon of the people and if the government started going draconian out of the threat, sure, it'll scare some people but the vast majority will ultimately disregard it and keep the momentum going until it breaks once and for all under the will of the people.
The revolution is already in progress...embrace it. Do your part.
Government is only as powerful as the power afforded by the people and when the people were bankrupted and betrayed and the government rewarded the criminals, that's the moment the entire balance of power began to shift.
All governments will not let go of their power to issue and control the money.
The Chinese government banned it because of this.
No they didn't.
The Chinese government banned it because of this.
Bitcoin definitely gives us a chance to freedom
+1 agree
Bitcoin is The Future.
The lack of Prudent Regulations and lack of Prudent Safeguards surrounding too much Privatization greatly helped cause the Great Depression on the back side of the 1st Gilded Age. This was much to the dismay of some I must add. To this day certain types still refuse to admit this. Even Alan Greenspan was finally forced to publicly admit as much when it comes to Financial Regulations and the lack there of.
The most glaring two "flaws" of Ron Paul's beliefs are that 'Deregulation and Privatization are the Only Solutions' - Ron Paul November 2008.
Ron Paul gets so much seemingly absolutely and perfectly correct, but those two things ('Deregulation and Privatization are the Only Solutions') are absolutely wrong in the terms he appears to view them in. History has again very much proven it. Let this be the last time history has to bare out the consequences.
In the same theme we must constantly guard against any ruinous and/or overburdening regulations that are not absolutely required and cannot be termed as reasonably prudent.
The same theme of a lack of prudent regulations and lack of safeguards surrounding too much privatization was repeated in the last few decades through the 1st decade of this century, and thus triggering the 2nd Gilded Age across the world. And again the world is awash in world record, massive Credit/Debt Bubbles. along with a host of other ills.
'History doesn’t repeat itself but it often rhymes' - Mark Twain http://quoteinvestigator.com/2014/01/12/history-rhymes/
We simply failed to learn from out grandparents and great grandparents generational mistakes. And after all; We as a society only generally witness our parents generations mistakes in person, and then if we also fall victim again to not doing all our generational due diligence and civil duties then history may certainly again rhyme in various ways. Very much this is a flaw of human nature's inherent traits of many of us, very likely all of us. One that must be relentlessly guarded against.
Most sadly we're all going through the same things simply because we failed to learn the lessons of our own economic history.
Much worse still are the "monetary snake oil" peddlers at The Fed and elsewhere that refuse to admit these facts due largely to self absorbed interests and or instructions, as well relentless, unbridled greed, or simply mistaken or mislead ideologies. Even though secretly some or maybe even all of them know far better than what their stating they sometimes state otherwise, and do it merely out of self interests. So they repeat lies or falsehoods onto a mostly unsuspecting public whom are repeatedly then very much lured in by their own self interests. Diabolic tactical dynamics would be a fitting phrase to say how this again repeated. Things are not often as they seem to put it mildly.
Every political viewpoint has at least a bit of merit, some much more than others. But to date their all flawed. We must come to terms with that as a civilization in our societies before we are to greatly advance onwards into much more advanced societies in general.
Bitcoin it's believed will solve many faults with monetary issues. I 100% believe this and also believe that...
Bitcoin is a Big Part of The Future and will greatly help Define and Keep in Check the Future's Monetary Direction.
Checkmate Central Banks, and I am rather certain that many at the Central Banks are (and secretly) most pleased to finally be Check Mated. After all, we also share many wonderful traits, and we all simply and honestly want what's best for the future generations.
In short: It's time for a new Economic and Monetary Ideology, the most accurate one yet: And it started in earnest with Bitcoin.
May God Bless Satoshi Nakamoto to Sainthood, without him we would all still be spinning our collective monetary wheels. Soon many more will understand and also believe fully what I have stated here even though maybe right now they haven't come to full realization of all of these facts just yet. Bitcoin and it's very foundations are not as simple as they seem, and far too encompassing for many to grasp at first. But even Ben Bernanke and Alan Greenspan both smile with the genius that Bitcoin is.
I will refrain from any further debates in this thread that I started. I started this thread to merely spread the thought and belief that:
Bitcoin is Freedom.
I merely offer what I have learned after many decades on this earth we all share. I believe that if one researches long enough, and with great care, as well as with an open mind that one will understand what I just stated are the true facts.
If desired please start another thread if one ultimately disagrees and cares to share those thoughts with a link to it in this thread, all so others can share thoughts there instead of this one losing it's intended meaning.
Simply Put...
Bitcoin is Freedom.
The lack of Prudent Regulations and lack of Prudent Safeguards surrounding too much Privatization greatly helped cause the Great Depression on the back side of the 1st Gilded Age. This was much to the dismay of some I must add. To this day certain types still refuse to admit this. Even Alan Greenspan was finally forced to publicly admit as much when it comes to Financial Regulations and the lack there of.
The most glaring two "flaws" of Ron Paul's beliefs are that 'Deregulation and Privatization are the Only Solutions' - Ron Paul November 2008.
Ron Paul gets so much seemingly absolutely and perfectly correct, but those two things ('Deregulation and Privatization are the Only Solutions') are absolutely wrong in the terms he appears to view them in. History has again very much proven it. Let this be the last time history has to bare out the consequences.
In the same theme we must constantly guard against any ruinous and/or overburdening regulations that are not absolutely required and cannot be termed as reasonably prudent.
The same theme of a lack of prudent regulations and lack of safeguards surrounding too much privatization was repeated in the last few decades through the 1st decade of this century, and thus triggering the 2nd Gilded Age across the world. And again the world is awash in world record, massive Credit/Debt Bubbles. along with a host of other ills.
'History doesn’t repeat itself but it often rhymes' - Mark Twain http://quoteinvestigator.com/2014/01/12/history-rhymes/
We simply failed to learn from out grandparents and great grandparents generational mistakes. And after all; We as a society only generally witness our parents generations mistakes in person, and then if we also fall victim again to not doing all our generational due diligence and civil duties then history may certainly again rhyme in various ways. Very much this is a flaw of human nature's inherent traits of many of us, very likely all of us. One that must be relentlessly guarded against.
Most sadly we're all going through the same things simply because we failed to learn the lessons of our own economic history.
Much worse still are the "monetary snake oil" peddlers at The Fed and elsewhere that refuse to admit these facts due largely to self absorbed interests and or instructions, as well relentless, unbridled greed, or simply mistaken or mislead ideologies. Even though secretly some or maybe even all of them know far better than what their stating they sometimes state otherwise, and do it merely out of self interests. So they repeat lies or falsehoods onto a mostly unsuspecting public whom are repeatedly then very much lured in by their own self interests. Diabolic tactical dynamics would be a fitting phrase to say how this again repeated. Things are not often as they seem to put it mildly.
Every political viewpoint has at least a bit of merit, some much more than others. But to date their all flawed. We must come to terms with that as a civilization in our societies before we are to greatly advance onwards into much more advanced societies in general.
Bitcoin it's believed will solve many faults with monetary issues. I 100% believe this and also believe that...
Bitcoin is a Big Part of The Future and will greatly help Define and Keep in Check the Future's Monetary Direction.
Checkmate Central Banks, and I am rather certain that many at the Central Banks are (and secretly) most pleased to finally be Check Mated. After all, we also share many wonderful traits, and we all simply and honestly want what's best for the future generations.
In short: It's time for a new Economic and Monetary Ideology, the most accurate one yet: And it started in earnest with Bitcoin.
May God Bless Satoshi Nakamoto to Sainthood, without him we would all still be spinning our collective monetary wheels. Soon many more will understand and also believe fully what I have stated here even though maybe right now they haven't come to full realization of all of these facts just yet. Bitcoin and it's very foundations are not as simple as they seem, and far too encompassing for many to grasp at first. But even Ben Bernanke and Alan Greenspan both smile with the genius that Bitcoin is.
I will refrain from any further debates in this thread that I started. I started this thread to merely spread the thought and belief that:
Bitcoin is Freedom.
I merely offer what I have learned after many decades on this earth we all share. I believe that if one researches long enough, and with great care, as well as with an open mind that one will understand what I just stated are the true facts.
If desired please start another thread if one ultimately disagrees and cares to share those thoughts with a link to it in this thread, all so others can share thoughts there instead of this one losing it's intended meaning.
Simply Put...
Bitcoin is Freedom.
Bitcoin definitely gives us a chance to freedom
Monetary Freedom.
Probably the most important freedom ...
Probably the most important freedom ...
1) Hayek and Friedman had no doubt that a finite money quantity would create deflation. Both defended that the central bank should "print" at a stable rate of increase.
2) Lowering tax rates on an order suggested (enough to make people voluntarily to pay, say 10% on direct taxes) would collapse the state. Please, really read about the Laffer Curve, don't just quote it. All studies point for a maximal tax return rate well above 50%.
3) It seems you think that the 1929 crisis was created by high taxes or that the ideas of Keynes were the cause of the crisis (his main work, the General Theory, is from 1936).
4 and 5) It seems we agree on these points.
Well, since we agree on some points and we won't ever agree on the others, I'm resting my case and will stop here.
2) Lowering tax rates on an order suggested (enough to make people voluntarily to pay, say 10% on direct taxes) would collapse the state. Please, really read about the Laffer Curve, don't just quote it. All studies point for a maximal tax return rate well above 50%.
3) It seems you think that the 1929 crisis was created by high taxes or that the ideas of Keynes were the cause of the crisis (his main work, the General Theory, is from 1936).
4 and 5) It seems we agree on these points.
Well, since we agree on some points and we won't ever agree on the others, I'm resting my case and will stop here.
1) Come on, just read 5m http://en.wikipedia.org/wiki/Deflation#Effects
2) Decreasing taxes means most social functions of the State would go bankrupt. People who need welfare to survive would end bad. Anyway, many bitcoiners wouldn't pay anything, not even lower taxes.
3) Yes, we don't need the State to have any economic policy, we just let things follow their natural course, like in 1929 and end up with 25% unemployment. In Europe, since 2009, they did little and have 11%. Greece and Spain have about 25%.
4) It would all depend on how fast things would go, taking in account less informed people who would be the ones ending with all the fiat on their banking accounts. Clearly, someone would end up with them.
5) There are already so-called banks offering interests for bitcoins, to lend them again, so FRB.
2) Decreasing taxes means most social functions of the State would go bankrupt. People who need welfare to survive would end bad. Anyway, many bitcoiners wouldn't pay anything, not even lower taxes.
3) Yes, we don't need the State to have any economic policy, we just let things follow their natural course, like in 1929 and end up with 25% unemployment. In Europe, since 2009, they did little and have 11%. Greece and Spain have about 25%.
4) It would all depend on how fast things would go, taking in account less informed people who would be the ones ending with all the fiat on their banking accounts. Clearly, someone would end up with them.
5) There are already so-called banks offering interests for bitcoins, to lend them again, so FRB.
1.Hey guy, it's all this fucking keynesian policy who print more and more money that make people trust bitcoin... Learn austrian economics.
2.Did you know the Laffer affect ? more taxe don't mean more state income (my governement is seeing that now
) and lower taxes don't mean lower state income. And people would pay because they don't want risk high problem for just few money... Anyway, governement don't need to be big like that.3.1929 was a keynesian crisis, fed was here and was doing stupid thing as usual
And i live in the fucking socialist France that is even more in crisis with more and more taxes ! never taxes stop increase ! and greece and spain was the same, fucking keynesian reform for keep the fucking big governement !4.yes, and people who buy bitcoin in 2009 will make bigger profit than people who buy now...so what ? that don't mean the last are ruin.
5.they can't create bitcoin like they create dollar in FRB. they can do "paper bitcoin" like the gold ETF but if there is no trust in the bank one paper bitcoin would not have the same value than a real bitcoin.
Bitcoin is Freedom
Umm, no.
Freedom is freedom, bitcoin is... nothing
1) Come on, just read 5m http://en.wikipedia.org/wiki/Deflation#Effects
2) Decreasing taxes means most social functions of the State would go bankrupt. People who need welfare to survive would end bad. Anyway, many bitcoiners wouldn't pay anything, not even lower taxes.
3) Yes, we don't need the State to have any economic policy, we just let things follow their natural course, like in 1929 and end up with 25% unemployment. In Europe, since 2009, they did little and have 11%. Greece and Spain have about 25%.
4) It would all depend on how fast things would go, taking in account less informed people who would be the ones ending with all the fiat on their banking accounts. Clearly, someone would end up with them.
5) There are already so-called banks offering interests for bitcoins, to lend them again, so FRB.
2) Decreasing taxes means most social functions of the State would go bankrupt. People who need welfare to survive would end bad. Anyway, many bitcoiners wouldn't pay anything, not even lower taxes.
3) Yes, we don't need the State to have any economic policy, we just let things follow their natural course, like in 1929 and end up with 25% unemployment. In Europe, since 2009, they did little and have 11%. Greece and Spain have about 25%.
4) It would all depend on how fast things would go, taking in account less informed people who would be the ones ending with all the fiat on their banking accounts. Clearly, someone would end up with them.
5) There are already so-called banks offering interests for bitcoins, to lend them again, so FRB.
Jump to: