Topic: What if bitcoin was PLAN B by the Goverments? - page 5. (Read 4306 times)

Actually it's not far farfetched that BTC itself could have been created by the gov or some agency. I belive the theory of Bitcoin being invented by someone government related is very plausible, but so what? the code is open source. It's like complaining about TOR being invented by the US army, so what if then serves good for the people.

The wealth is generated from the labor of the workers, an increasing number of which are poor and getting poorer.

How could anyone claim to be ignorant of this very well documented and controversial phenomenon and expect to be taken seriously? What's next, climate change or Holocaust denial?

Debt, and slavery to it. If you have $0 in assets and owe $20,000, you have a negative net worth. We have also recreated a modern form of indentured servitude with never-ending unpaid internships.

Technology. That's irrelevant and moot since we aren't time travelers.

Is there no compassion in your heart?





Nothing like being pushed backwards in time 40 years economically in the span of 5 years.

QFT

Related: Sunset of the State

Son, governments are what the world needs to be saved from, not what the world needs to be saved by.

Bitcoin is too innovative for a governement to create it.

If satoshi nakamoto was the government they wouldn't have given the source code away. Blockchain technology has given people freedom in that it gave them a choice to use whatever cryptocurrency they like.

If one day bitcoin becomes centralized people will move on to another one, same if a fed or govcoin was to be implemented.

Elite wants a one world currency that they control, there are already over 500 cryptocurrency , this is certainely not a government set up imo ( banks closing down account dealing with bitcoin speak volumes)

In Japanese, Nakamoto means ‘central origin’, while Satoshi means ‘clear thinking, quick witted, wise’ i.e intelligent. The name can therefore be translated to mean ‘Central Intelligent’.

It could always be a one sided government conspiracy.

Marxism, Communism, and Socialism have failed repeatedly, and have always hurt the poor and lowered the quality of life for everyone.  But despite repeated failures, they still succeed in spreading the same failed ideas on the internet.

For example, how could anyone believe that wealth comes from the poor?  How could any serious person believe that "the poor are getting poorer"? 

If a man has approximately $0.00 worth of assets, how could he get any poorer?  How is it that the quality of life for "the poor" in many nations is higher than the quality of life enjoyed by Kings and Queens throughout most of history?

In the United States, the poorest families have a higher life expectancy than the average member of royalty had, 200 years ago.  They also have more leisure and entertainment, TV, internet, cell phones, Playstations, heat in the winter and cold air in the summer, a different set of clean new clothes for every day of the week, and their choice of meat and fresh vegetables 3 times a day.  In the United States, the average "poor" person is not only well-fed, but actually obese.

But somehow people look at the wealth of our poor and say it must be changed.  They want to make our poor people live in the mud and die of terrible diseases.  Just like Obama said:  it doesn't matter if we actually help the poor, as long as we hurt the rich.  That's the main thing, so it will be "fair".

And congratulations, it's working.  All the progress that came from freedom is slowly being turned around, as we're allowed less freedom over our own money.  Socialist centralized control is reversing all those 200-year upward trends.

I like this, but you have got the good and bad mixed-up!

QE is already failing. QE will continue to fail because the effect is removing wealth from (and reducing quality of life for) the many poor. That wealth is redistributed in increasing concentration to a tiny few ultra rich. That's what austerity does in practice. So while our collective pain is growing in magnitude, our collective empathy, amplified by internet social connection, is raising our awareness of and sensitivity to this suffering.

Sooner or later a breaking point is reached and humanity will abandon this system of suffering for a more efficient and egalitarian system of distributing resources. This system will be a more compassionate one, to reflect the increasingly empathic nature of human civilization. Modern capitalism is a very, very over-engineered system. Good engineering is not what you add, it's what you take away. Bitcoin is like Occam's razor in that regard, but it doesn't solve the greater problem of capitalism. This is the beginning of the end of capitalism folks, and there's little anyone can do to change that.

https://www.youtube.com/watch?v=kpTAuivTqKE - Plug for Professor Wolff's Economic Update February 2015. There's some great stuff about Greece in there.

Dont worry... Government(s) wont work together. They'll compete each other.

The world went into financial collapse in the 2008 and we are still not recovered from it and eurozone is struggling with debt..

 Governments decided the  Medicine to cure this was through bailing out those failing banks and then stimulate the economy with Quantitative Easing i.e by printing lot of  money and giving it to the 1% so that it would trickle down to the 99%..

But Quantitative easing did not work out! it only further concentrated wealth among the 1% and it caused currency inflation and debt..

So a massive currency crisis because if inflation is looming! japanese Yen, Russian ruble, canadian dollar al of them have lost a lot of value..

So is bitcoin a kind of PLAN B since it is deflationary and will save the world if this QE led project fails and currency crisis occurs..

and if it is, then if there is no currency crisis happening and world economy is back on track then bitcoin may simply go away without any real purpose....