Topic: What happens when the US makes crypto-currency illegal? - page 7. (Read 8850 times)

Nice to see you again after all these years.

I maintain that Bitcoin will become so centralized, monitored, and controlled (with taint and such) that it will put any current options we have to shame in this regard.  And that Libertarians will be to stupid to notice.

Amen to that! It sounds like you're ready to become a bitcoin user

There are four different conflicting definitions in this link. You clearly cannot use conflicting terms. Do me a favour and tell what a citizen is factually. or in what meaning you are using the term ''citizen''.

http://www.merriam-webster.com/dictionary/citizen

I'm really not going to put any more effort than that into this discussion with you (because judging from our past discussions, you are just going to go off on some silly tangent about how words have no meaning).    

I agree, I don't believe that military or other government work is the only way to serve and defend your country.  I also believe that this (duty to your country and government) is a political viewpoint that can and should be shared across all political parties, not just Libertarians.

One can only be as free as one is able to assert their right to choose for themselves.  i do not defend nations I defend the right of my fellow citizens to earn a living, be safe in their own homes, this I can only do for myself by free choice and the actions I take to defend what I believe in.

Do you actually have any evidence there are such mysterious objects in this universe as citizens?

Do me a favour and tell what a citizen is factually.

I agree. But I think you're misunderstanding what that means.

Libertarians are not against paying taxes. They are however against being forced to pay unconstitutional taxes. Bitcoin can be taxed, just as an economy that runs on gold can.

Defending a free government doesn't mean you must enlist in the military, because a government might only be free in appearance.

Rather, truly defending a free government means being involved politically and if necessary militarily to ensure your government remains free. The arbiter of that is the U.S. Constitution. Wouldn't you agree?

The "Crypto-Camps" have already been built for the reprogramming operation. They have not included Internet access for the patients.

http://www.youtube.com/watch?v=lcQ7mLoFro4 2 minutes 53 seconds

Its more than that, it is your duty as a citizen to not only pay taxes to your government, but also to serve and defend it. 

@SEC agent - you do understand your George Washington quote offers a libertarian endorsement don't you? It's saying ordinary people should be involved in defending a free government. Bitcoin represents the interests of ordinary people and liberty. So....

I maintain that bitcoin will be banned and the price of it will tank when all the statist pussies wet their panties and bail.  It will continue to be useful for the third worlders and the outlaws, so it won't go away.

Something may happen before this, though, and that is the blockchain forks, one going toward the regulation trap that the VC money is pushing and the other going toward greater anonymity that the outlaws want.  If the corporate bitcoin skyrockets in value I am sad because the people have sold out for cash.  But if the outlaw bitcoin rises in value I am happy because it says the people have had enough of financial "hegemony".

But the cat is out of the bag on this one.  Crypto-currencies are here to stay.  The war is on and humanity has finally responded.

 A lot of VCs like the Winklevoss twins will sue and overturn it.

The government is powerful, but it is also simultaneously fat, lazy, and ponderous.  Our opponent is not so much James Bond as it is Barney Fife or Sergeant Schultz.

Bitcoin dealers are required to register as financial institutions.  We must adapt to that reality.  We can adapt better than they can.

To say they are barely aware is wrong.  When fitting my tin foil hat into this mix. I have to be the one to pull the "they will scare people into dislikeing it" card.  Right now as I see it in a very short time bitcoin has beaten the US dollar,  euro and every other currency systen out there.  1 usd fr example isn't even worth the paper it's printed on.  But 1 bitcoin is worth a little over 100 of those worthless dollars.

They can't really stop you from accepting it as currency if so they would need to go after folks that work for a case of beer.  Or fixssomeones shitter for a lawn mower engine repair etc.  In theory strength in being able to do labor is currency one can without fail work within his means for food.

So to what end does the line actually draw?  I believe like many it will buckle up and go for a huge ride with the children.  Btc makes it way easy for a person to hide his actions.  Individuals under the age of 18 do have the right to make money however they do not have the right to spend that money in most cases the same way an adult does. 

Most people accepting btc do not ask for someones age or proof of age.  It's easy to access paid porno,  gamble,  purchase bootleg booze tobacco and hell as we all know contraband.  These are the facts of life that exist with every currency yes.  But BTC is the new kid in town.  So it's nitpicked a hell of a lot more then what is dubbed "safe".

They will over look the give and take.  Such in example as pulling btc out to the central banks to buy products from eBay, amazon etc. And hell even pay on a water bill or car loan.  Instead like said they will look at that percent of people who are fucking up and getting caught only to blame bitcoin for enableing them to preform the action to begin with.

It's very much like what happend to midway when they released mortal kombat.  It was all well and fine til little Johnny tried to pull his sisters spine out of her asshole. Now we have the ESRB as a reward for Johnny inability to handle his mental health and his parents inability to be self aware of what was fact and fiction

I suspect that it would have about as much long term effect as them trying to "shut down" the internet. They are too dependent on the same technologies to actively suppress it. Sure, you COULD shut down the internet by jamming the airwaves from about 100 meters down to .0001 millimeters, but that would shut down ALL communications. And somebody would figure out how to jam the jamming...

Short term? The value of the Bitcoin would go psycho. And it just MIGHT trigger a long needed revolution.

Does this potential outcome excite you? Will you be the rapist? Are you sure your handle properly represents your current position?

Come on, admit you're a prison guard.

I laugh at them while they suck my dick?

nothing really, if satoshi thought things through... if all those businesses and exchanges were government burn bitcoin fronts, and ripple turned out to be a scam they still have 150,000,000,000,000 satoshis... I think that is more than enough to run the world economy on any given day.

and like a previous poster said, you really do not understand what Bitcoin has just done.

It is really insane, a freggin blockchain man! it holds the record of all history and makes it impossible to alter with current technology, there are people who are making messaging services out of it, creating money laundry services on it, fact check systems to prove when something was done and so much more.

did you know A.Is can use bitcoins to make purchases... that blows my mind! a sentient program can own property!

But staying on track, yeah this thing would be a serious hassle to get that Genie back in the bottle.

and I don't think they want to, think about it... why are they cracking down on exchanges? the information they get combined with the blockchain is the largest repository of economic data ever conceived.   Every single transaction in the bitcoin economy can be accurately and decisively known by anyone; The FBI have no clue what they are talking about, not being able to track terrorists? my God! once spotted they'll know exactly how much money they have!