Ron Paul Doesn’t Believe Bitcoin is “True Money”

boumalo

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Quote from: logger on June 16, 2014, 04:01:19 AM

thats what they said about art when photography was invented. They also said the printed word would die out and everyone would stop reading books when computers were invented

Gold hasn't become a store of value for no reason : people like it because it is shinny, beautiful and has amazing physical properties very convenient in jewellery or industry!

Bitcoin isn't a store of value for no reason : it is very easy to store it, move it or transfer it!

logger

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thats what they said about art when photography was invented. They also said the printed word would die out and everyone would stop reading books when computers were invented

RomertL

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Quote from: ShakyhandsBTCer on June 14, 2014, 06:06:03 PM

Quote from: Ron~Popeil on June 08, 2014, 11:52:37 AM

Quote from: jeffersonairplane on June 08, 2014, 11:46:17 AM

Same in a way can be said about gold. So it's fine in my opinion. Many politicians don't want to accept the fact that Bitcoin is real because it does not have a bank at the head of it.

May they continue to underestimate bit coin. The tipping point is not that far away.

Many also do not understand Bitcoin. They also associate it with nefarious things like SR.

The more companies that accept it successfully (read: jobs in a congressman's district) the more credibility it will get.

Nefarious? Silkroad is revolutionary and something every true libertarian should approve. For the first time in history, people can buy and sell anything from each other without approval from any third party. Not the government, not a bank, not a creditcard - processor. Without meeting IRL. Like a free market is supposed to work. I was a little surprised when I heard RP didn't believe in btc. A libertarian should believe in a technology that makes that possible. A technology that additionally has the potential to take away power from the govts in many, many other ways (watch Stefan Molyneux vid on YouTube called Bitcoin vs political power you who haven't)

Keyara

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Bitcoin is still very new.

It will take a while for people to accept it.

Erdogan

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I don't mind that gold continues to be money, even in the optimistic case of bitcoin taking over. Gold is sufficiently different to bitcoin that it has a reason for existence. Gold is not an aimless altcoin.

STT

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Quote from: CEG5952 on June 08, 2014, 03:17:26 PM

but his opinion doesn't matter. He's painted as a crazy, anyway.

They will call anyone crazy who would argue against free money, who does that. Hold out your hand and shut up, RP is definitely crazy cranky old man who just dont get how clever all this new government policy really is. Debt is money now, the more debt there is the richer the nation becomes
Ron Paul was arguing against Nixon's and various other disastrous changes from the start. Dismiss him if you want just because its easiest to do so, solid money by contrast is pointless work in comparison

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: Ron~Popeil on June 08, 2014, 11:52:37 AM

Quote from: jeffersonairplane on June 08, 2014, 11:46:17 AM

Same in a way can be said about gold. So it's fine in my opinion. Many politicians don't want to accept the fact that Bitcoin is real because it does not have a bank at the head of it.

May they continue to underestimate bit coin. The tipping point is not that far away.

Many also do not understand Bitcoin. They also associate it with nefarious things like SR.

The more companies that accept it successfully (read: jobs in a congressman's district) the more credibility it will get.

CEG5952

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Buy and sell bitcoins,

Ron Paul is an old fart. I guess he was sort of a gateway into libertarianism for some people, and therefore important (....I guess), but his opinion doesn't matter. He's painted as a crazy, anyway.

BitcoinLlama

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He likes something you can "hold in your hand." Classic Goldbugger! Gotta love him though. Ron Paul - the grandpa of the nation.

jeffersonairplane

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www.bitkong.com

Quote from: Ron~Popeil on June 08, 2014, 11:52:37 AM

Quote from: jeffersonairplane on June 08, 2014, 11:46:17 AM

Same in a way can be said about gold. So it's fine in my opinion. Many politicians don't want to accept the fact that Bitcoin is real because it does not have a bank at the head of it.

May they continue to underestimate bit coin. The tipping point is not that far away.

You can not say that though. From a 3rd party perspective, you would sound crazy and it's not exactly a convincing standpoint.

Ron~Popeil

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Quote from: jeffersonairplane on June 08, 2014, 11:46:17 AM

Same in a way can be said about gold. So it's fine in my opinion. Many politicians don't want to accept the fact that Bitcoin is real because it does not have a bank at the head of it.

May they continue to underestimate bit coin. The tipping point is not that far away.

jeffersonairplane

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www.bitkong.com

Same in a way can be said about gold. So it's fine in my opinion. Many politicians don't want to accept the fact that Bitcoin is real because it does not have a bank at the head of it.

okthen

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The key words to all this are "78 year old".
I don't blame someone for whom the internet is still novelty to not understand/trust bitcoin.
Those who do are visionaries.

boumalo

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Quote from: coincup on May 09, 2014, 09:11:04 AM

only time will tell if it's a true money or not.

It is a store of value and a very convenient and secure mean of exchange that cannot be printed to death by politicians interested in being re-elected and controlling other at the price of war and dispair

coincup

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only time will tell if it's a true money or not.

boumalo

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I wonder when he will change his mind about Bitcoin if he does and if Rand P has the same opinion

andreja1982

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he is to old to understand cryptos

LAMarcellus

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Quote from: umair127 on May 08, 2014, 12:24:29 PM

Quote from: ahmedjadoon on April 27, 2014, 09:29:54 AM

I don't believe what this old man is saying. Bitcoin is the only real currency.

Thats why he was cheated in going for presidency, no one believes him.

Plenty of people comprehend Ron Pauls message.
But there are even more people with fluoride addled brains who can not comprehend what he says; they're just intellectually lazy. Also brainwashed.

umair127

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Quote from: ahmedjadoon on April 27, 2014, 09:29:54 AM

I don't believe what this old man is saying. Bitcoin is the only real currency.

Thats why he was cheated in going for presidency, no one believes him.

boumalo

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Quote from: STT on May 08, 2014, 07:15:53 AM

The big point there is the taxes would have been higher then the tax from King George. The boston tea party never would have happened, nobody protests 10% taxes and revolts to get 35% instead.
Its clear the constitution was not respected and isnt with most new laws either, the argumentative little man of Ron Paul is just pointing out the obvious that the states signed up to an agreement not kept.

He doesnt see bitcoin as an alternative to the dollar, he sees the dollar pre Nixon, pre FDR as the real alternative. That is the original dollar as it was minted and agreed upon by all states in the union, right or wrong you cant dispute his argument is a simple one.
To then ask him about bitcoin is a pointless complication I believe he would see it, not that he disagrees exactly

The USA exists because they wanted to be free from the UK and its taxes

There has never been great creation of wealth without low taxes

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