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Topic: Federal Reserve Chairman Bernanke: I love bitcoin (Read 4031 times)

sr. member
Activity: 252
Merit: 250
I LOVE BEN BERNANEK
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
Don't be fooled. They are a government shill company, not a "private" company. They are owned by, crowd-funded by, directed by, regulated by, monitored by and answer to, the US government.

You'd be right, except for the fact that you have the relationship exactly upside-down.
member
Activity: 113
Merit: 10
Not having enough authority never stopped them before...

So are you saying "they" are buying up the coins and hence will control bitcoin?  Grin Grin Grin

Where's my tinfoil hat
ImI
legendary
Activity: 1946
Merit: 1019
Quote
Don't be fooled. They are a government shill company, not a "private" company. They are owned by, crowd-funded by, directed by, regulated by, monitored by and answer to, the US government.

No, they are owned by the Rothschilds like every other bank (and government) in the world, bar a small few.

The Rothschilds are not american. They do not care about America, America does not benefit from the federal reserve. This is the same for nearly every country in the world.

America became great after the war for independence and the constitution having room for multiple competing currencies...

100 years ago when the federal reserve act was signed was when it all started to reverse.

This is why crypto currency is so terrific. It could save america and all the other countries that are quietly accepting the deplorable ponzie scheme that is central banking and fractional lending.


from dubai huh? so i am not surprised to read such nazi-conspiracy shit from you.
hero member
Activity: 616
Merit: 500
As long as the US deems it acceptable.
full member
Activity: 129
Merit: 100
Quote
Don't be fooled. They are a government shill company, not a "private" company. They are owned by, crowd-funded by, directed by, regulated by, monitored by and answer to, the US government.

No, they are owned by the Rothschilds like every other bank (and government) in the world, bar a small few.

The Rothschilds are not american. They do not care about America, America does not benefit from the federal reserve. This is the same for nearly every country in the world.

America became great after the war for independence and the constitution having room for multiple competing currencies...

100 years ago when the federal reserve act was signed was when it all started to reverse.

This is why crypto currency is so terrific. It could save america and all the other countries that are quietly accepting the deplorable ponzie scheme that is central banking and fractional lending.




hero member
Activity: 616
Merit: 500
Of course the Fed do not have the authority to regulate crypto. They are a private company, not a government department. they follow the legislation that was written to allow them to exist even though central banks are unconstitutional by nature.

This is not to say that the government will not regulate.

Many people do not realise the federal reserve is a private company, I would have thought most here would realise that.

Don't be fooled. They are a government shill company, not a "private" company. They are owned by, crowd-funded by, directed by, regulated by, monitored by and answer to, the US government.

Also, I'm /very/ skeptical of his seemingly neutral stance. Usually when the government takes such a stance, it's not to be trusted. (source: history)
legendary
Activity: 2062
Merit: 1035
Fill Your Barrel with Bitcoins!
Not having enough authority never stopped them before...
hero member
Activity: 680
Merit: 500
Forgive me for not jumping aboard the Ben-cheering bandwagon but I read this as:

The federal reserve doesn't have enough powers to supervise and regulate Bitcoin, so I would like the Senate to legislate in order that we can.
member
Activity: 113
Merit: 10
LOL basically he said Fed is doing nothing to virtual currencies. Just like they can't do anything to other countries currencies other than USD.

Move along nothing to see here......
full member
Activity: 238
Merit: 100
Of course the Fed do not have the authority to regulate crypto. They are a private company, not a government department. they follow the legislation that was written to allow them to exist even though central banks are unconstitutional by nature.

This is not to say that the government will not regulate.

Many people do not realise the federal reserve is a private company, I would have thought most here would realise that.


Yea this is really hard to understand for pretty much the rest of the world
sr. member
Activity: 476
Merit: 253
Ben is Satoshi!  Cheesy

I laughed so hard, it actualy hurt me a little and I was dizzy.
full member
Activity: 129
Merit: 100
Of course the Fed do not have the authority to regulate crypto. They are a private company, not a government department. they follow the legislation that was written to allow them to exist even though central banks are unconstitutional by nature.

This is not to say that the government will not regulate.

Many people do not realise the federal reserve is a private company, I would have thought most here would realise that.



full member
Activity: 238
Merit: 100
Seriously though, I can't remember where I read about it but I seem to remember reading about NSA saying to congress that they were not looking to crack down on bitcoin and that they should stop going after it. Something along those lines.

That of course leads me back to what I have always wondered,
is the Koblitz curves left out of the list of NSA approved cryptography because they have found a way to break it, or is it because they haven't found a way to break it?
newbie
Activity: 57
Merit: 0
I cant stop wondering if Bernanke is simply flattered by the fact that the blockchain contains a ascii portrait of himself

No, he is not flattered by it; he put it there because he IS Satoshi  Grin
full member
Activity: 238
Merit: 100
I'm not all that surprised really.
There has been other indications of this attitude before.

The primary focus of the US government is after all to provide for private capital in any way possible.
And the capitalists them self should be fine with the "Every man is a tax heaven" property of bitcoin.


I refuse to believe that the Chinese government will not go for full control though

Who says they didn't create it?

It has crossed my mind  Grin
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
I'm not all that surprised really.
There has been other indications of this attitude before.

The primary focus of the US government is after all to provide for private capital in any way possible.
And the capitalists them self should be fine with the "Every man is a tax heaven" property of bitcoin.


I refuse to believe that the Chinese government will not go for full control though

Who says they didn't create it?
full member
Activity: 238
Merit: 100
I cant stop wondering if Bernanke is simply flattered by the fact that the blockchain contains a ascii portrait of himself
sr. member
Activity: 469
Merit: 250
English Motherfucker do you speak it ?
Wow, this is amazing  Grin
full member
Activity: 238
Merit: 100
I'm not all that surprised really.
There has been other indications of this attitude before.

The primary focus of the US government is after all to provide for private capital in any way possible.
And the capitalists them self should be fine with the "Every man is a tax heaven" property of bitcoin.


I refuse to believe that the Chinese government will not go for full control though
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