Topic: Ron Paul on Bitcoin: "I do not think it fits the definition of money" - page 2. (Read 2238 times)
April 23, 2013, 05:35:31 PM
I quite like Ron Paul but he has been wrong on some things (I'm probably not thinking what you think I'm thinking) and, truly he is an old man in the twilight of his political career. I'd be more interested in what Rand thinks at this point (though Bitcoin doesn't care what anyone thinks, of course).
April 23, 2013, 05:34:08 PM
he does say that he doesn't understand it - this is really what it comes down to. also said he doesn't oppose it. definetly a hard sell saying he slams bitcoin.
April 23, 2013, 05:31:49 PM
Yeah, sadly, like many of the Mises old guard, he just can't wrap his head around a "hard" currency that you can't put in your pocket.
I think Ron is smarter than that but playing a role here. He knows very well that if Bitcoin keeps rising, we're going to take his gold away from him someday.
He's playing dumb to scare off those that might listen him from Bitcoin.
He may also be trying to do the right thing. He has strongly advised people to invest in gold. Many of those people are now out of pocket as a result. If he talks up gold, then those people are made good. Of course they are responsible for their own losses just as they were entitled to their own gains but Ron Paul may feel obliged to try to help them.
April 23, 2013, 05:28:42 PM
For most people money is what the political class makes you pay tax with.
April 23, 2013, 05:27:48 PM
Disclaimer: I will always fucking hate touchscreen and when I can afford to I will buy a proper phone with buttons on it that do stuff when you press them, sometimes it's better to just leave us old guys alone with what we're comfortable with 
+1.
But Dr. Paul does need to upgrade his internal software.
April 23, 2013, 05:26:49 PM
Yeah, sadly, like many of the Mises old guard, he just can't wrap his head around a "hard" currency that you can't put in your pocket.
I think Ron is smarter than that but playing a role here. He knows very well that if Bitcoin keeps rising, we're going to take his gold away from him someday.
He's playing dumb to scare off those that might listen him from Bitcoin.
April 23, 2013, 05:22:57 PM
I think it's one of those analogue vs. digital moments, I despise touch screens for example on mobile phones and I'd be perfectly happy with just using buttons, but for whatever reason there are people out there who go mad for them now, I think we need to find more practical ways of demonstrating to people the way Bitcoin operates or just get them to go and download the Bitcoin client and try it.
Disclaimer: I will always fucking hate touchscreen and when I can afford to I will buy a proper phone with buttons on it that do stuff when you press them, sometimes it's better to just leave us old guys alone with what we're comfortable with
Disclaimer: I will always fucking hate touchscreen and when I can afford to I will buy a proper phone with buttons on it that do stuff when you press them, sometimes it's better to just leave us old guys alone with what we're comfortable with
April 23, 2013, 05:19:53 PM
Yeah, sadly, like many of the Mises old guard, he just can't wrap his head around a "hard" currency that you can't put in your pocket.
April 23, 2013, 05:18:00 PM
Quote
http://www.rawstory.com/rs/2013/04/23/ron-paul-slams-stability-of-u-s-dollar-and-bitcoin-in-pro-gold-rant/
...With regards to the collapse of the Internet currency venture Bitcoin, Paul said he wasn’t interested.
“To tell you the truth, it’s little bit too complicated,” he said. “If I can’t put it in my pocket, I have some reservations about that. But it has been designed in the free market. If it is a means of exchange, it would not ever be illegal. You shouldn’t regulate it in the free market, but I do not think it fits the definition of money, which has been around for 6,000 years.”
...With regards to the collapse of the Internet currency venture Bitcoin, Paul said he wasn’t interested.
“To tell you the truth, it’s little bit too complicated,” he said. “If I can’t put it in my pocket, I have some reservations about that. But it has been designed in the free market. If it is a means of exchange, it would not ever be illegal. You shouldn’t regulate it in the free market, but I do not think it fits the definition of money, which has been around for 6,000 years.”
Dr. Paul is blinded by his own emotional and financial investment in gold. Money is anything that people agree upon, not what goldbugs or the political class say it is.
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