You Know Whats f**king Sad? - page 3.

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Quote from: johnniewalker on December 05, 2012, 05:15:05 AM

Now, we've stepped back in time to when the Silver Standard existed.

How so? Say what you will about silver certificates, they still meant that US banknotes were claim tickets for a commodity, instead of deriving their whole value from tax-coupon status and historical confidence.

Quote from: johnniewalker on December 05, 2012, 05:15:05 AM

GreenJew (no offense)

If you mean no offense, then stop using "jew" like a dirty word.

Blazr

hero member

Activity: 882

Merit: 1006

Quote from: johnniewalker on December 05, 2012, 05:15:05 AM

First of all, the need to create Bitcoins.

Do you mean creating the concept of Bitcoins, or actually generating the Bitcoins themselves?

If you mean generating Bitcoins, How else do you think we fairly distribute them? You think Satoshi should have just started off with 21 million BTC in his wallet?

Quote from: johnniewalker on December 05, 2012, 05:15:05 AM

But even more than that-bitcoins are tied to the USD.

Where did you hear this nonsense? This is completely untrue.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: johnniewalker on December 05, 2012, 05:15:05 AM

First of all, the need to create Bitcoins.

Quote

But even more than that-bitcoins are tied to the USD.

Quote

Mr GreenJew

Huh??

creativex

sr. member

Activity: 434

Merit: 250

Yes peasants...you know, pitchfork carrying farm boys. Like yours truly.

Lethn

legendary

Activity: 1540

Merit: 1000

....... Peasants?.... Really?.....

creativex

sr. member

Activity: 434

Merit: 250

The peasants would likely revolt if they even had a clue that inflation tax theft existed. A candidate for POTUS standing there holding up a 1964 dime on every major network and exclaiming that it still buys pretty much the same amount of gasoline it did when it was minted didn't even phase the fluoridated masses.

Realpra

hero member

Activity: 815

Merit: 1000

Quote from: hazek on December 05, 2012, 07:51:54 AM

I'm sorry but I haven't the faintest what you are on about, your post isn't coherent enough to really convey anything. Better luck next time.

But he gets inflation-theft... what is the mental state of all the millions that accept it gladly? Shocked

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: johnniewalker on December 05, 2012, 05:15:05 AM

First of all, the need to create Bitcoins. But even more than that-bitcoins are tied to the USD. And do you know HOW MANY people are buying silver/gold instead of taking their "paper".

Well, it'll be up to the market to decide how much a dollar is worth in bitcoins then. Just a matter of time pending economic meltdown/awareness of why the economy we have doesn't work .

meowmeowbrowncow

sr. member

Activity: 322

Merit: 250

Inflation based theft. It doth suck.

hazek

legendary

Activity: 1078

Merit: 1003

I'm sorry but I haven't the faintest what you are on about, your post isn't coherent enough to really convey anything. Better luck next time.

johnniewalker

legendary

Activity: 896

Merit: 1000

First of all, the need to create Bitcoins. But even more than that-bitcoins are tied to the USD. And do you know HOW MANY people are buying silver/gold instead of taking their "paper". Cause thats what it is-paper. Even change will be soon. Mr GreenJew (no offense) just stays posted all day making as much money as he wants. The reason things 99% of the time are raised in price is because of inflation-GreenJew got excited and printed a bunch more.
Basically, the USD is backed by...not even the US (its not Federal)paper?
Now, we've stepped back in time to when the Silver Standard existed.
We are almost literally repeating historical economics that did not work out so well.
God help us.

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