Why Bitcoin Will End the Nation State - page 2.

username18333

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Quote from: Chef Ramsay on January 06, 2015, 01:22:06 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

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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

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Quote from: Paleus on January 04, 2015, 05:29:04 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

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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

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This argument is flawed... bigtime.

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

Snail2

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Quote from: Paleus on January 04, 2015, 05:29:04 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

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Merit: 250

Knowledge could but approximate existence.

Quote from: Paleus on January 04, 2015, 05:29:04 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

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Quote from: Paleus on January 04, 2015, 05:29:04 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

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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.

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