Topic: Occupy Wall St. Debating whether convert funds over to Bitcoin (Read 3001 times)
If they did that it might be profitable for someone to head down there and sell prepaid credit card for BTC to handle day to day needs of the operation.
October 31, 2011, 02:45:01 PM
actually they need to convert them to bitcoin like yesterday, because what's going to happen is some of these banks are going to get payback in the form of freezing that 500,000 USD.
Just like they did to wikileaks
Just like they did to wikileaks
I agree that USD seem like a bad idea and recent history shows us as much. I would council Occupy-X to use PM's rather than BTC to store value though, and divided between a number of trustworthy participants to avoid a single point of failure. BTC is quite volatile (in terms of both value and legal standing). PM's can be converted to cash or BTC as needed.
October 31, 2011, 02:24:09 PM
actually they need to convert them to bitcoin like yesterday, because what's going to happen is some of these banks are going to get payback in the form of freezing that 500,000 USD.
Just like they did to wikileaks
Just like they did to wikileaks
October 30, 2011, 01:51:46 PM
What day are we on?
26And they're not using bitcoin yet, so the prediction might still prove accurate.
If someone can set up shop to sell food and medical supplies, that might go a long way towards them using bitcoins.
October 30, 2011, 01:46:59 PM
What day are we on?
26And they're not using bitcoin yet, so the prediction might still prove accurate.
October 30, 2011, 01:42:56 PM
What day are we on?
October 30, 2011, 01:27:36 PM
At least it's being mentioned ....
"The fights over financing are as varied as the protesters' reasons for protesting. Should the library buy the cheapest tables available or more sturdy, durable ones? Should the funds be spent on infrastructure in Manhattan or to help Occupy movements across the U.S.? Should all the money be converted to an alternative currency like Bitcoin?"
source: http://www.huffingtonpost.com/2011/10/24/occupy-wall-street-money-donated-tension_n_1029377.html
"The fights over financing are as varied as the protesters' reasons for protesting. Should the library buy the cheapest tables available or more sturdy, durable ones? Should the funds be spent on infrastructure in Manhattan or to help Occupy movements across the U.S.? Should all the money be converted to an alternative currency like Bitcoin?"
source: http://www.huffingtonpost.com/2011/10/24/occupy-wall-street-money-donated-tension_n_1029377.html
This wasn't supposed to happen until Day 89! Day 89, I said!
"Day 89: The Occupy Wall Street protests are now a nation-wide phenomenon. As the protesters increasingly shun the banks, Bitcoin becomes their predominant way of exchanging money amongst each other."
LOL
October 30, 2011, 01:13:47 PM
Any body else thinks that most of the donation money came from wall street just to fuck them up and show them that a lot of money makes them miserable? lol
Not sure if I'd subscribe to that level of conspiracy but it is likely wallstreet had the forsight to know that holding funds would subject some to legal issues. It has the capacity to 'single' people out and allows law to put a 'face' on the protestors more easily, imho.
Edit; To fix a few typos. of to if and laws to law
Interesting, but I doubt 500k is 'a lot of money' to 'wallstreeters'.
That's like half a week of pay for some of the lowest paid(major) ceo's (i think)
But it is a lot of money to the losers that are there protesting, taking into account that most of them are students and homeless.
October 30, 2011, 11:44:53 AM
At least it's being mentioned ....
"The fights over financing are as varied as the protesters' reasons for protesting. Should the library buy the cheapest tables available or more sturdy, durable ones? Should the funds be spent on infrastructure in Manhattan or to help Occupy movements across the U.S.? Should all the money be converted to an alternative currency like Bitcoin?"
source: http://www.huffingtonpost.com/2011/10/24/occupy-wall-street-money-donated-tension_n_1029377.html
"The fights over financing are as varied as the protesters' reasons for protesting. Should the library buy the cheapest tables available or more sturdy, durable ones? Should the funds be spent on infrastructure in Manhattan or to help Occupy movements across the U.S.? Should all the money be converted to an alternative currency like Bitcoin?"
source: http://www.huffingtonpost.com/2011/10/24/occupy-wall-street-money-donated-tension_n_1029377.html
This wasn't supposed to happen until Day 89! Day 89, I said!
"Day 89: The Occupy Wall Street protests are now a nation-wide phenomenon. As the protesters increasingly shun the banks, Bitcoin becomes their predominant way of exchanging money amongst each other."
October 30, 2011, 11:43:34 AM
I guess you're right, slightly exaggerated, but according to
http://www.forbes.com/lists/2011/12/ceo-compensation-11_land.html
it's within range, and that's not accounting for the various stocks/benefits (outside of straight pay)
http://www.forbes.com/lists/2011/12/ceo-compensation-11_land.html
it's within range, and that's not accounting for the various stocks/benefits (outside of straight pay)
October 30, 2011, 11:34:31 AM
Interesting, but I doubt 500k is 'a lot of money' to 'wallstreeters'.
That's like half a week of pay for some of the lowest paid(major) ceo's (i think)
That's like half a week of pay for some of the lowest paid(major) ceo's (i think)
A slight exaggeration
October 30, 2011, 11:10:46 AM
Any body else thinks that most of the donation money came from wall street just to fuck them up and show them that a lot of money makes them miserable? lol
Not sure if I'd subscribe to that level of conspiracy but it is likely wallstreet had the forsight to know that holding funds would subject some to legal issues. It has the capacity to 'single' people out and allows law to put a 'face' on the protestors more easily, imho.
Edit; To fix a few typos. of to if and laws to law
Interesting, but I doubt 500k is 'a lot of money' to 'wallstreeters'.
That's like half a week of pay for some of the lowest paid(major) ceo's (i think)
October 30, 2011, 10:55:33 AM
Not sure of I'd subscribe to that level of conspiracy but it is likely wallstreet had the forsight to know that holding funds would subject some to legal issues. It has the capacity to 'single' people out and allows laws to put a 'face' on the protestors more easily, imho.
This is an interesting thought.
October 30, 2011, 09:49:26 AM
Any body else thinks that most of the donation money came from wall street just to fuck them up and show them that a lot of money makes them miserable? lol
Not sure if I'd subscribe to that level of conspiracy but it is likely wallstreet had the forsight to know that holding funds would subject some to legal issues. It has the capacity to 'single' people out and allows law to put a 'face' on the protestors more easily, imho.
Edit; To fix a few typos. of to if and laws to law
Any body else thinks that most of the donation money came from wall street just to fuck them up and show them that a lot of money makes them miserable? lol
i'm inclinced to offer my webcam girl they could setup a projector.
in all seriousness though if they convert them all to bitcoin it'll get messy buying food and such since you can't do that same day.
in all seriousness though if they convert them all to bitcoin it'll get messy buying food and such since you can't do that same day.
There are a few restaurants already that accept BTC in NYC, and as soon as they start getting all the OWS business, their competitors will figure out how to accept them.
Thousands of people looking to buy food with btc? Restaurants and shops will hurry to accept btc!
There are a few restaurants already that accept BTC in NYC, and as soon as they start getting all the OWS business, their competitors will figure out how to accept them.
1+ really true !
i'm inclinced to offer my webcam girl they could setup a projector.
in all seriousness though if they convert them all to bitcoin it'll get messy buying food and such since you can't do that same day.
in all seriousness though if they convert them all to bitcoin it'll get messy buying food and such since you can't do that same day.
There are a few restaurants already that accept BTC in NYC, and as soon as they start getting all the OWS business, their competitors will figure out how to accept them.
i'm inclinced to offer my webcam girl they could setup a projector.
in all seriousness though if they convert them all to bitcoin it'll get messy buying food and such since you can't do that same day.
in all seriousness though if they convert them all to bitcoin it'll get messy buying food and such since you can't do that same day.
They should at least blow it on booze and drugs, it will at least be more useful then the actual protests.
Harumph. I vote drugs and hookers.
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