Ron Paul: Bitcoin could destroy the dollar

awesome31312

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Quote from: jetfox on September 10, 2014, 07:26:36 AM

Quote from: awesome31312 on September 10, 2014, 05:40:37 AM

Quote from: deepestfear on September 10, 2014, 12:37:49 AM

Ron is right about the dollar
That said, the dollar devalued 97% from 1914 to 2009 even without cryptos...

Thanks to inflation. Banks are stealing your wealth by printing more money.

The process of printing money isn't under control of banks. This is a government decision.

Who do you think owns the government?

jetfox

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Quote from: awesome31312 on September 10, 2014, 05:40:37 AM

Quote from: deepestfear on September 10, 2014, 12:37:49 AM

Ron is right about the dollar
That said, the dollar devalued 97% from 1914 to 2009 even without cryptos...

Thanks to inflation. Banks are stealing your wealth by printing more money.

The process of printing money isn't under control of banks. This is a government decision.

awesome31312

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Activity: 826

Merit: 504

Quote from: deepestfear on September 10, 2014, 12:37:49 AM

Ron is right about the dollar
That said, the dollar devalued 97% from 1914 to 2009 even without cryptos...

Thanks to inflation. Banks are stealing your wealth by printing more money.

hardleft121

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I think you are partially right. People would love to use Bitcoin but it won't be able to destroy dollar.

txbtc

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NWO
A world government needs a world currency- Bitcoin Huh

deepestfear

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Ron is right about the dollar
That said, the dollar devalued 97% from 1914 to 2009 even without cryptos...

Fabrizio89

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Here's the interview: https://www.youtube.com/watch?v=E6Cr_ipD13o&t=1m03s he didn't really say that, but he admits it could be part of the whole picture when the dollar will really struggle to keep its value.

counter

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Time is on our side, yes it is!

Quote from: awesome31312 on September 09, 2014, 03:43:50 PM

Quote from: counter on September 09, 2014, 03:42:31 PM

Quote from: awesome31312 on September 09, 2014, 03:25:54 PM

"Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today's money worth less tomorrow.
The digital currency Bitcoin promises all these things. And while it's far from achieving any of them -- its value is unstable and it's rarely used** -- some have high hopes."

**CNN lies
"There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added.

So is the first quote from from Ron Paul himself? Also is the second quote by CNN a made up lie called a quote? I find your post to be confusing. Maybe I'm just simple but I've got no clue what the point is your trying to make at this time.

No, it's from the article, which is hyperlinked in my post in case you missed it

Ah ok I see it now, sorry about that. Will check it out, I was thinking I was missing something, haha.

gmx95

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Did he really say that? He may be right. But the dollar might devalue even without bitcoin.

Chef Ramsay

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Ron actually said this originally a few months back as it was first discussed in the crypto section on the ron paul forums where I hang out w/ all the other activists across the country. All the Ron people are precious metals types so it's nice to see some of them looking into other alternatives.

awesome31312

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Merit: 504

Quote from: counter on September 09, 2014, 03:42:31 PM

Quote from: awesome31312 on September 09, 2014, 03:25:54 PM

"Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today's money worth less tomorrow.
The digital currency Bitcoin promises all these things. And while it's far from achieving any of them -- its value is unstable and it's rarely used** -- some have high hopes."

**CNN lies
"There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added.

So is the first quote from from Ron Paul himself? Also is the second quote by CNN a made up lie called a quote? I find your post to be confusing. Maybe I'm just simple but I've got no clue what the point is your trying to make at this time.

No, it's from the article, which is hyperlinked in my post in case you missed it

counter

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Time is on our side, yes it is!

Quote from: awesome31312 on September 09, 2014, 03:25:54 PM

"Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today's money worth less tomorrow.
The digital currency Bitcoin promises all these things. And while it's far from achieving any of them -- its value is unstable and it's rarely used** -- some have high hopes."

**CNN lies
"There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added.

So is the first quote from from Ron Paul himself? Also is the second quote by CNN a made up lie called a quote? I find your post to be confusing. Maybe I'm just simple but I've got no clue what the point is your trying to make at this time.

BADecker

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Let's hope that the Bitcoin you see is the tip of the iceberg. Why? Fiat will kill itself if Bitcoin doesn't, and we need something to replace it so we don't lose our ability to trade afar.

awesome31312

hero member

Activity: 826

Merit: 504

"Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today's money worth less tomorrow.
The digital currency Bitcoin promises all these things. And while it's far from achieving any of them -- its value is unstable and it's rarely used** -- some have high hopes."

**CNN lies
"There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added.

Topic: Ron Paul: Bitcoin could destroy the dollar (Read 861 times)