Topic: Ron Paul says Bitcoin is not "True Money". - page 3. (Read 4409 times)
I think it is almost like a PR stunt now for politicians to drop the word "bitcoin" into their speeches/press releases. They know that it will get their names into the headlines and will get a lot of people talking about them (good or bad). I mean really...how many people here would have even murmured the name Ron Paul if he had not dissed bitcoin?
When asked why he thinks bitcoin does not fit the definition of money, Paul said it is his personal opinion, but that it should be irrelevant in the big scheme of things.
“Though I don’t personally believe that bitcoin is true money, it should be perfectly legal and there should be no restrictions on it, there should be no taxes on it. The people who operate bitcoin would, of course, be prohibited from committing fraud but the people should be able to have competition whether it is a basket of commodities or crypto-currencies – it should be perfectly legal,” said Paul.
Did I miss something, or is it correct that Ron Paul doesn't say exactly why he thinks BTC is not "True Money"?
“Though I don’t personally believe that bitcoin is true money, it should be perfectly legal and there should be no restrictions on it, there should be no taxes on it. The people who operate bitcoin would, of course, be prohibited from committing fraud but the people should be able to have competition whether it is a basket of commodities or crypto-currencies – it should be perfectly legal,” said Paul.
Did I miss something, or is it correct that Ron Paul doesn't say exactly why he thinks BTC is not "True Money"?
If you can't buy a shitty hamburger at McDonald's with it, then it must not be a currency. Who dafuck really cares if it is currency or not?
It isn't about tech, it is about hard, gold is hard, printing paper to infinity or creating a digital form, mined or not that can keep being duplicated is just as bad, maybe easier. If a government or group can simply create money again but in a different shape with no REAL backing like gold, what is the difference. You have simply used a different form to mask the same problem.
That is the issue, age is not, understanding is.
That is the issue, age is not, understanding is.
Actually it's about religion-- christians have always loved gold and that's how Ron Paul's grandpa prolly got land off the Lakotas.
Might be true however the world since time has valued gold, Christian or muslim (Countries have seasons dedicated to its buying as storages of wealth), never been worthless, never will be. Something else a digital currency cannot promise. It is insurance you can hold.
Don't get me wrong, bitcoin has advantages, ease, fee's etc but it will never be what gold is or was. I don't think it was ever ment to be compared any ways.
It isn't about tech, it is about hard, gold is hard, printing paper to infinity or creating a digital form, mined or not that can keep being duplicated is just as bad, maybe easier. If a government or group can simply create money again but in a different shape with no REAL backing like gold, what is the difference. You have simply used a different form to mask the same problem.
That is the issue, age is not, understanding is.
That is the issue, age is not, understanding is.
Actually it's about religion-- christians have always loved gold and that's how Ron Paul's grandpa prolly got land off the Lakotas.
I think he says these things with a wink and a his fingers crossed behind his back.
Ron Paul is retired now, he was cheated out of presidency and has written many books about ending the Federal Reserve etc.
He is truly inspirational, check out some videos of him on Youtube.
He is truly inspirational, check out some videos of him on Youtube.
By who? The voters??
Mainstream media quite literally pretended he didn't exist.
https://www.youtube.com/watch?v=uSbkFpAA4CA
Edit: Damn, accidentally posted a video with Alex Jones in on the second half.
It isn't about tech, it is about hard, gold is hard, printing paper to infinity or creating a digital form, mined or not that can keep being duplicated is just as bad, maybe easier. If a government or group can simply create money again but in a different shape with no REAL backing like gold, what is the difference. You have simply used a different form to mask the same problem.
That is the issue, age is not, understanding is.
That is the issue, age is not, understanding is.
of course old farts are hating new technology ...
I used to like him a fair bit but realized ultimately he was unable to do/change anything.
I'm here (bitcoinland) entirely because of Ron Paul.
Why, it isn't silver or gold, what he considers real money, solid, in your hand, hard currency, desired since the beginning of time, money. Not a digital creation that can be destroyed or made to infinity like the fiat he so detests.
If anything, the motive behind bitcoin (antigov) is what he respects, the actual bitcoin, not so much.
Ron Paul gave you encouragement to be here to in a sense protest paper money but this would not be his desired vehicle.
Ron Paul is retired now, he was cheated out of presidency and has written many books about ending the Federal Reserve etc.
He is truly inspirational, check out some videos of him on Youtube.
He is truly inspirational, check out some videos of him on Youtube.
By who? The voters??
That Bloomberg journalist, Matt Miller, was explaining Bitcoin to a hostile panel and commented something like there is an inverse correlation to understanding and acceptance of Bitcoin with age. Therefore he didn't expect his co-host Tom Keene, in his 60s, and adamantly opposed to it to have any chance. In an unrelated conversation Marc Andreessen made a similar comment about Warren Buffet who is famously against Bitcoin, calling him an "old white man".
The fact that Ron Paul, now nearly 80, can speak positively about Bitcoin while explaining the nuances of his position I think speaks wildly to his credit.
The fact that Ron Paul, now nearly 80, can speak positively about Bitcoin while explaining the nuances of his position I think speaks wildly to his credit.
I used to like him a fair bit but realized ultimately he was unable to do/change anything.
I'm here (bitcoinland) entirely because of Ron Paul.
I used to like him a fair bit but realized ultimately he was unable to do/change anything.
Someone can speak the truth but actually being able to mobilize is another issue, his son will be the same.
Someone can speak the truth but actually being able to mobilize is another issue, his son will be the same.
legendary
Activity: 1302
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IMO, nice poker play by Ron Paul here. He probably sees the brilliance in bitcoin
and skillfully avoids controversy while at the same time saying there should
be no restrictions on it.
edit: he used the same poker playing dynamics when skirting the issues
about 9/11, etc... he knows the truth. again just my opinion.
and skillfully avoids controversy while at the same time saying there should
be no restrictions on it.
edit: he used the same poker playing dynamics when skirting the issues
about 9/11, etc... he knows the truth. again just my opinion.
full member
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I Quantum Leap to different worlds when I sleep...
Ron Paul is a Puppet just like all POLITICIANS he doesn't practice what he preaches http://www.youtube.com/watch?v=GyPLFKUdhqY 
He pulled the Rug over every bodies Eyes to perfection! The biggest giveaway is his flip flopping about 9/11 and Freemason hand signs also the fact he is a FREEMASON at the Grand Lodge of TEXAS http://www.youtube.com/watch?v=JUVwsu55IHc ! Chances are you have no Idea what a Freemason really is??You better Learn!! He was never going to be President nor was it ever his intention.He was just a Pawn too bring out all the TRUTHERS and find out who they were? As anyone who voted for him was immediately put on terrorist lists and BLACKLiSTEd. They control both sides of the coin with puppets like Alex jones and jesse ventura much like how the King supported both sides of the American Revolution guaranteeing they will never lose no matter what.........
He pulled the Rug over every bodies Eyes to perfection! The biggest giveaway is his flip flopping about 9/11 and Freemason hand signs also the fact he is a FREEMASON at the Grand Lodge of TEXAS http://www.youtube.com/watch?v=JUVwsu55IHc ! Chances are you have no Idea what a Freemason really is??You better Learn!! He was never going to be President nor was it ever his intention.He was just a Pawn too bring out all the TRUTHERS and find out who they were? As anyone who voted for him was immediately put on terrorist lists and BLACKLiSTEd. They control both sides of the coin with puppets like Alex jones and jesse ventura much like how the King supported both sides of the American Revolution guaranteeing they will never lose no matter what......... Try the search function.
Again?
Mark as read, ignore, and move on.
Your post adds nothing.
He also said the tech excites him
I will take that....
I will take that....
Ron Paul is retired now, he was cheated out of presidency and has written many books about ending the Federal Reserve etc.
He is truly inspirational, check out some videos of him on Youtube.
He is truly inspirational, check out some videos of him on Youtube.
every government employee will lead you to believe that only legal tender is true money..
that does not mean that bitcoin is anything less. it just means that governments wont accept it to pay taxes.
nothing to get hyped up about..
that does not mean that bitcoin is anything less. it just means that governments wont accept it to pay taxes.
nothing to get hyped up about..
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