Bitcoins - Trial Run for Cashless Currency

Nemo1024

legendary

Activity: 1680

Merit: 1014

Quote from: pattu1 on April 25, 2015, 05:34:28 AM

Quote from: Fuck NWO on April 25, 2015, 05:28:16 AM

Money must be cheap (interest-free) and plentiful, but stable. Only then can it be a good medium of exchange, allowing the producers of society the benefits of their labor, instead of the providers of capital.

Bitcoin offers none of these features. It has the Money Power's fingerprints all over it."[/b]

Bitcoin is plentiful. Do you know the total amount of Satoshis that can ever be? Wink

Yep, the author of that article seems to be another one of those talking about Bitcoin without bothering to understand its workings first.

I'd give him BTC0.000000000000000001, but I doubt he'd understand the point.

pattu1

hero member

Activity: 675

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Quote from: Fuck NWO on April 25, 2015, 05:28:16 AM

Money must be cheap (interest-free) and plentiful, but stable. Only then can it be a good medium of exchange, allowing the producers of society the benefits of their labor, instead of the providers of capital.

Bitcoin offers none of these features. It has the Money Power's fingerprints all over it."[/b]

Bitcoin is plentiful. Do you know the total amount of Satoshis that can ever be? Wink

Fuck NWO

member

Activity: 71

Merit: 10

"Money Scarcity is, together with Usury, the hallmark of Money Power control."

CONCLUSION

"Bitcoin is driven by greed, it's in no way a rational solution to our monetary problems. It's global, scarce, cashless and soon the first banks will provide usurious lending.

The lesson is: as long as we hope to breed money from money, not realizing it's usually our own labor that breeds money for those holding a lot of it, we will be fooled by units like this.

Money must be cheap (interest-free) and plentiful, but stable. Only then can it be a good medium of exchange, allowing the producers of society the benefits of their labor, instead of the providers of capital.

Bitcoin offers none of these features. It has the Money Power's fingerprints all over it."

- See more at: http://henrymakow.com/2014/01/bitcoin-paving-the-way.html#sthash.3Fr0KfIV.dpuf

Topic: Bitcoins - Trial Run for Cashless Currency (Read 469 times)