Why Bitcoin Will End the Nation State - page 2.

username18333

sr. member

Activity: 378

Merit: 250

Knowledge could but approximate existence.

Quote from: Chef Ramsay on January 06, 2015, 12:22:06 AM

Bitcoin may be a driving force where the productive can opt out and reallocate their wealth outside of the nation state. However, the nation state is hammering the nail in its own coffin by their spending and ill policies toward their citizens that will proffer alternatives to their present currencies.

If one could not realize its “value given but not yet received,” a currency would be economically meaningless.

Chef Ramsay

legendary

Activity: 1568

Merit: 1001

Bitcoin may be a driving force where the productive can opt out and reallocate their wealth outside of the nation state. However, the nation state is hammering the nail in its own coffin by their spending and ill policies toward their citizens that will proffer alternatives to their present currencies.

Ingatqhvq

hero member

Activity: 532

Merit: 500

Quote from: Paleus on January 04, 2015, 04:29:04 PM

Many newcomers to bitcoin question its 'killer application'. But bitcoin's key use has been here since its very inception -- the end of central banking and the unravelling of the nation state.

Three reasons why bitcoin will end the nation state:

1. Bitcoin is independant of our national economies.
2. Bitcoin is an untaxable money supply.
3. Bitcoin transitions the nature of violence.

Watch the full video at https://www.youtube.com/watch?v=p5xdQPdpLGo&list=PLpWIYlii1DeYim3a9gJDSVh3PZn5kx2YQ&index=1

All these reasons can't make bitcoin end.

username18333

sr. member

Activity: 378

Merit: 250

Knowledge could but approximate existence.

Quote from: ?? on ??

Writcoin™ creates a heterarchical monetary authority by permitting its end users to “spend” money into existence—approximating anarchist communism.

Though its coinbase transactions are, by their definition, unspendable, one’s mining efforts would still be appreciated.

Your statement concerning these currencies is not entirely accurate regarding their monetary authorities.

conizer14

newbie

Activity: 28

Merit: 0

This argument is flawed... bigtime.

There isn't and I doubt there ever will be an "untaxable" money supply.

Snail2

legendary

Activity: 1512

Merit: 1000

Quote from: Paleus on January 04, 2015, 04:29:04 PM

Many newcomers to bitcoin question its 'killer application'. But bitcoin's key use has been here since its very inception -- the end of central banking and the unravelling of the nation state.

Three reasons why bitcoin will end the nation state:

1. Bitcoin is independant of our national economies.
2. Bitcoin is an untaxable money supply.
3. Bitcoin transitions the nature of violence.

Watch the full video at https://www.youtube.com/watch?v=p5xdQPdpLGo&list=PLpWIYlii1DeYim3a9gJDSVh3PZn5kx2YQ&index=1

Sweet dreams my cosmopolitan friend. Isn't it?

Your "reasons" are wrong.

1. BTC isn't independent. It's speculative vehicle and its value basically pegged to fiat.
2. It's taxed everywhere except in countries where it's banned or still under the radar.
3. Violence is for resources. BTC is just yet another resource. No difference.

username18333

sr. member

Activity: 378

Merit: 250

Knowledge could but approximate existence.

Quote from: Paleus on January 04, 2015, 04:29:04 PM

Many newcomers to bitcoin question its 'killer application'. But bitcoin's key use has been here since its very inception -- the end of central banking and the unravelling of the nation state.

Three reasons why bitcoin will end the nation state:

1. Bitcoin is independant of our national economies.
2. Bitcoin is an untaxable money supply.
3. Bitcoin transitions the nature of violence.

Watch the full video at https://www.youtube.com/watch?v=p5xdQPdpLGo&list=PLpWIYlii1DeYim3a9gJDSVh3PZn5kx2YQ&index=1

1. Bitcoin, as a valued money, corresponds (at least, in part) to “meatspace” economic activity and, therefore, your “national economies.”

2. Transaction fees are a sort of tax, for they are demanded of any that participates in that economy for the supposed sake of its maintenance and “the greater good” of “the end of central banking.”

3. Violence transpires about conviction and a lack thereof: those of whom conviction has demanded violence will be moved to violence still; those of whom a lack thereof would permit them violence will persist in their yielding thereunto.

iamback

member

Activity: 98

Merit: 10

Quote from: Paleus on January 04, 2015, 04:29:04 PM

1. Bitcoin is independant of our national economies.
2. Bitcoin is an untaxable money supply.

BS! China and Russia banned it. It is taxable every where else, e.g. the USA.

Paleus

full member

Activity: 284

Merit: 122

www.diginomics.com

Many newcomers to bitcoin question its 'killer application'. But bitcoin's key use has been here since its very inception -- the end of central banking and the unravelling of the nation state.

Three reasons why bitcoin will end the nation state:

1. Bitcoin is independant of our national economies.
2. Bitcoin is an untaxable money supply.
3. Bitcoin transitions the nature of violence.

Topic: Why Bitcoin Will End the Nation State - page 2. (Read 1830 times)