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Topic: Congressman Thomas Massie: "We can replace the FED with Bitcoin" (Read 6261 times)

sr. member
Activity: 617
Merit: 250
Well at least a Congressman said "Bitcoin". It was a joke but at least he said it. Smiley
legendary
Activity: 4424
Merit: 4794
forking bitcoin if it becomes legal tender would confuse things, and if its legal tender then the fork would become fraud as its copying the exact same features of the legal tender.

the true solution if bitcoin became legal tender is, litecoin.

i personally prefer bitcoin to be a mainstream currency, but not a government owned currency. to work along side FIAT but not be FIAT
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
2013 - Bitcoin becoming the legal tender of U.S.
2014 - The U.S. government tightens the regulations on Bitcoin after a group of pedophiles were busted.
Late 2014 - Additional regulations are implemented in order to protect the children!
2015 - As the chances of a Bitcoin funded terrorist attack grows Bimbama implements a killswitch for the whole Bitcoin network, 51% of the power is gained by multiple supercomputers fully funded by the taxpayers!
2016 - As unemployment grows the U.S. decides to implement a mechanism of creating new Bitcoins out of thin air!

tl:dr same thing happens to Bitcoin as with USD.

Mid 2014 Bitcoin forks to Bit2 branch and power is returned to the people. Bit2 is accepted and used by all because the entire population in now trained to understand and use it on a daily basis thanks to government training programs.

Sadly Bit2 is then demonized by the community shortly after and since most of the people on earth are docile sheep that can't think for themselves Bit2 quickly finds its end.

We should get together and write a novella just to see where it goes.  Grin
sr. member
Activity: 364
Merit: 250
2013 - Bitcoin becoming the legal tender of U.S.
2014 - The U.S. government tightens the regulations on Bitcoin after a group of pedophiles were busted.
Late 2014 - Additional regulations are implemented in order to protect the children!
2015 - As the chances of a Bitcoin funded terrorist attack grows Bimbama implements a killswitch for the whole Bitcoin network, 51% of the power is gained by multiple supercomputers fully funded by the taxpayers!
2016 - As unemployment grows the U.S. decides to implement a mechanism of creating new Bitcoins out of thin air!

tl:dr same thing happens to Bitcoin as with USD.

Mid 2014 Bitcoin forks to Bit2 branch and power is returned to the people. Bit2 is accepted and used by all because the entire population in now trained to understand and use it on a daily basis thanks to government training programs.

Sadly Bit2 is then demonized by the community shortly after and since most of the people on earth are docile sheep that can't think for themselves Bit2 quickly finds its end.
sr. member
Activity: 406
Merit: 250
Sounds like he's just joking around from the snippet I watched.
+1

It's at 22:00. They basically just make light of Bitcoin for 2 seconds.
hero member
Activity: 672
Merit: 500
Sounds like he's just joking around from the snippet I watched.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
2013 - Bitcoin becoming the legal tender of U.S.
2014 - The U.S. government tightens the regulations on Bitcoin after a group of pedophiles were busted.
Late 2014 - Additional regulations are implemented in order to protect the children!
2015 - As the chances of a Bitcoin funded terrorist attack grows Bimbama implements a killswitch for the whole Bitcoin network, 51% of the power is gained by multiple supercomputers fully funded by the taxpayers!
2016 - As unemployment grows the U.S. decides to implement a mechanism of creating new Bitcoins out of thin air!

tl:dr same thing happens to Bitcoin as with USD.

Mid 2014 Bitcoin forks to Bit2 branch and power is returned to the people. Bit2 is accepted and used by all because the entire population in now trained to understand and use it on a daily basis thanks to government training programs.
sr. member
Activity: 364
Merit: 250
2013 - Bitcoin becoming the legal tender of U.S.
2014 - The U.S. government tightens the regulations on Bitcoin after a group of pedophiles were busted.
Late 2014 - Additional regulations are implemented in order to protect the children!
2015 - As the chances of a Bitcoin funded terrorist attack grows Bimbama implements a killswitch for the whole Bitcoin network, 51% of the power is gained by multiple supercomputers fully funded by the taxpayers!
2016 - As unemployment grows the U.S. decides to implement a mechanism of creating new Bitcoins out of thin air!

tl:dr same thing happens to Bitcoin as with USD.
legendary
Activity: 1540
Merit: 1000
Nothing wrong with governments accepting Bitcoin by itself, what I object to is when their special interests or the government itself tries to control it and pretend they're in charge.
newbie
Activity: 23
Merit: 0
Nice find OP, but I rather our government stay out of bitcoin.
legendary
Activity: 1358
Merit: 1002
Uhhh whats fed?

Federal Reserve.
And please don't. The US is already screwing with Bitcoin as is, imagine if it was their legal tender....

If it follows the same pattern as the USD then everyone in the world would accept it as currency.

No, thank you. I'll pass on that one.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
Uhhh whats fed?

Federal Reserve.
And please don't. The US is already screwing with Bitcoin as is, imagine if it was their legal tender....

If it follows the same pattern as the USD then everyone in the world would accept it as currency.
legendary
Activity: 1358
Merit: 1002
Uhhh whats fed?

Federal Reserve.
And please don't. The US is already screwing with Bitcoin as is, imagine if it was their legal tender....
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Easier said than done.
member
Activity: 84
Merit: 10
Uhhh whats fed?
sr. member
Activity: 448
Merit: 250
Changing avatars is currently not possible.
Nice find.  Next step is getting most other politicians on board.
legendary
Activity: 1358
Merit: 1000
full member
Activity: 173
Merit: 100
found a video

http://www.ustream.tv/recorded/36705139

start watching around 21:30
hero member
Activity: 698
Merit: 500
5% Bitcoin Discount - All Orders
Would love to see a vid
sr. member
Activity: 406
Merit: 250
Please take a look for that video!
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