Topic: Bitcoins: Technological Innovation or Emerging Threat? (Read 880 times)
its both a Technological Innovation and Emerging Threat for banker's fiat system
a threat to world currencies
yes we should join in and get a bitcoin
yes we should join in and get a bitcoin
Wont be too long before the politicians see it as a positive
It is only a threat if you are a banker or politician. For the rest of us it is freeing.
Bitcoins: Technological Innovation or Emerging Threat?
http://repository.jmls.edu/cgi/viewcontent.cgi?article=1743&context=jitpl&sei-redir=1&referer=http%3A%2F%2Fscholar.google.com.sg%2Fscholar_url%3Fhl%3Den%26q%3Dhttp%3A%2F%2Frepository.jmls.edu%2Fcgi%2Fviewcontent.cgi%253Farticle%253D1743%2526context%253Djitpl%26sa%3DX%26scisig%3DAAGBfm2yq0t85no2WPx_Lfvg5HcEDthOzQ%26oi%3Dscholaralrt#search=%22http%3A%2F%2Frepository.jmls.edu%2Fcgi%2Fviewcontent.cgi%3Farticle%3D1743%26context%3Djitpl%22
Ref: http://cryptocurrencylive.com/item?id=9613
Technological innovation first and foremost. Potential threat? Doubtful. http://repository.jmls.edu/cgi/viewcontent.cgi?article=1743&context=jitpl&sei-redir=1&referer=http%3A%2F%2Fscholar.google.com.sg%2Fscholar_url%3Fhl%3Den%26q%3Dhttp%3A%2F%2Frepository.jmls.edu%2Fcgi%2Fviewcontent.cgi%253Farticle%253D1743%2526context%253Djitpl%26sa%3DX%26scisig%3DAAGBfm2yq0t85no2WPx_Lfvg5HcEDthOzQ%26oi%3Dscholaralrt#search=%22http%3A%2F%2Frepository.jmls.edu%2Fcgi%2Fviewcontent.cgi%3Farticle%3D1743%26context%3Djitpl%22
Ref: http://cryptocurrencylive.com/item?id=9613
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Depending in your point of view it could be both
For the world as a whole though we are definitely better off with bitcoin than with fiat.
For the world as a whole though we are definitely better off with bitcoin than with fiat.
I think so too, and I believe there is already a wedge forming,
Separating those that support the new system and those
That support the old. This wedge will penetrate all institutions
Including governments , corporations, and banks.
Depending in your point of view it could be both
For the world as a whole though we are definitely better off with bitcoin than with fiat.
For the world as a whole though we are definitely better off with bitcoin than with fiat.
I think it's most certainly both. Definitly both a technological revolution and a threat to modern banking and processing systems.
Bitcoins: Technological Innovation or Emerging Threat?
http://repository.jmls.edu/cgi/viewcontent.cgi?article=1743&context=jitpl&sei-redir=1&referer=http%3A%2F%2Fscholar.google.com.sg%2Fscholar_url%3Fhl%3Den%26q%3Dhttp%3A%2F%2Frepository.jmls.edu%2Fcgi%2Fviewcontent.cgi%253Farticle%253D1743%2526context%253Djitpl%26sa%3DX%26scisig%3DAAGBfm2yq0t85no2WPx_Lfvg5HcEDthOzQ%26oi%3Dscholaralrt#search=%22http%3A%2F%2Frepository.jmls.edu%2Fcgi%2Fviewcontent.cgi%3Farticle%3D1743%26context%3Djitpl%22
Ref: http://cryptocurrencylive.com/item?id=9613
http://repository.jmls.edu/cgi/viewcontent.cgi?article=1743&context=jitpl&sei-redir=1&referer=http%3A%2F%2Fscholar.google.com.sg%2Fscholar_url%3Fhl%3Den%26q%3Dhttp%3A%2F%2Frepository.jmls.edu%2Fcgi%2Fviewcontent.cgi%253Farticle%253D1743%2526context%253Djitpl%26sa%3DX%26scisig%3DAAGBfm2yq0t85no2WPx_Lfvg5HcEDthOzQ%26oi%3Dscholaralrt#search=%22http%3A%2F%2Frepository.jmls.edu%2Fcgi%2Fviewcontent.cgi%3Farticle%3D1743%26context%3Djitpl%22
Ref: http://cryptocurrencylive.com/item?id=9613
Both.....
Quote
Although a monopoly on the currency is a Constitutional guarantee and an important enforcement tool, the United States must also remember that “with great power, comes great responsibility.”
We the people gave Congress the authority to coin money, but fortunately that doesn't mean we are obligated to use it.
Their game plan is to shut down exchanges...
Which is why decentralized currencies need decentralized exchanges.
A long read... 
Skip the first 16 pages if you do not want to be bored with currency legal history, skip to page 21 if you know enough about the feds (who doesn't), and jump straight to page 26 if you have heard about the silk road case.
Some of the proposals are quite funny: create a government crypto; buying out all crypto (yes please). Guess what? The article proposed to outlaw cryptos rather than to regulate because it is easier
Their game plan is to shut down exchanges and ban the use of bitcoin in businesses and corporations. Sound familiar? Yes, the China Bitcoin Ban.
Skip the first 16 pages if you do not want to be bored with currency legal history, skip to page 21 if you know enough about the feds (who doesn't), and jump straight to page 26 if you have heard about the silk road case.
Some of the proposals are quite funny: create a government crypto; buying out all crypto (yes please). Guess what? The article proposed to outlaw cryptos rather than to regulate because it is easier
Their game plan is to shut down exchanges and ban the use of bitcoin in businesses and corporations. Sound familiar? Yes, the China Bitcoin Ban.
Good thing bitcoins aren't measured in dollars...any token intended to circulate in units of less than 1 dollar are illegal...but not tokens measured in other units (like troy ounces, grains, grams....uh...bitcoins)
Wow a definite PhD (Piled higher and Deeper) discourse. Get with the program. The IRS likes Bitcoin because they can tax it. The Federal Marshall's Service can sell confiscated bitcoins. It's also synergistic with fiat currencies around the world. The only people that need to be concerned with Bitcoin are those intermediaries that charge huge fees for handling the fiat stuff.
If you think Bitcoin is a threat, you need to rethink what it means to truly be an American.
This kid would probably bust a nut if uncle sam dipped into his personal bank account for the "good of the republic". Or even placed fines on withdrawing from his bond funds in order to prevent a liquidity crunch.
He is so wrapped up on the insistence that there can be only one True God (the US dollar) that he forgot what it means to be a free man. How can an otherwise free American become a slave? By being tricked into thinking that the state always has his best interests in mind, and sacrificing his freedoms voluntarily.
He is so wrapped up on the insistence that there can be only one True God (the US dollar) that he forgot what it means to be a free man. How can an otherwise free American become a slave? By being tricked into thinking that the state always has his best interests in mind, and sacrificing his freedoms voluntarily.
It's a technological innovation that's an emerging threat to the outdated ways that things are currently done.
We're going to have to outlaw the Euro. Sorry guys - it might compete with the US dollar. Oh, and the Yen, Canadian dollar, AUD, etc. Everyone on Earth (and anywhere else) that has created a currency that might compete with the US dollar.
We have the authority because we passed laws hundreds of years ago. You must submit.
We have the authority because we passed laws hundreds of years ago. You must submit.
Quote
Although a monopoly on the currency is a Constitutional guarantee and an important enforcement tool, the United States must also remember that “with great power, comes great responsibility.”
356
356
Quote
356.SPIDER-MAN(Columbia Pictures 2002);
On a more serious note:
Quote
Outlaw is the best approach to handling DVCs.
Bitcoins: Technological Innovation or Emerging Threat?
http://repository.jmls.edu/cgi/viewcontent.cgi?article=1743&context=jitpl
Ref: http://cryptocurrencylive.com/item?id=9613
http://repository.jmls.edu/cgi/viewcontent.cgi?article=1743&context=jitpl
Ref: http://cryptocurrencylive.com/item?id=9613
Jump to: