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  1. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    Meanwhile in socialist Venezuela, people are going back to bartering items in order to have some sort of economy to survive.

    At least we know that even if all the computer networks crash our...
  2. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    I'm interested in them to the extent that I wonder how secure they really are, and what potential vulnerabilities they might have moving forward, but the programming and math go way over my head so...
  3. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    [/QUOTE]

    Sounds like an attack by financial institutions to me.

    Lots of people were expecting exactly this type of predatory behavior when some of the big Wall Street banks started buying up...
  4. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    It's been rough lately and I haven't seen anyone able to make much sense of it yet. Unless I'm missing something the only things I can guess is that either demand is down from the black market taking...
  5. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    You say you don't understand why I keep posting what I am, but you're telling me to shut up about it because you're tired of hearing it and want me to focus on what you're posting. Gotcha. Loud. And....
  6. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    What I'm pointing out is that this is already the case with the US dollar and other major world currencies. Just because some dollars are in "rectangle of paper" form and others are just numbers in a...
  7. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    Well maybe I'm just trying to put a different spin on it, because I don't see the "bucket of bits" as inherently different than the "rectangle of paper" or the "block of relatively useless metal." In...
  8. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    So you think this is more of an issue with blockchain tech in general than Bitcoin in particular?

    Edit: Nevermind, I read your later posts so I understand what you are saying now.



    It would...
  9. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    They can, but in actual point of fact here I don't understand why you are calling Bitcoin itself a debt-based currency. How are you defining "debt-based"?



    I don't get your point, starting off...
  10. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    I was very concerned about communist Chinese influence over Bitcoin too, considering 90% of transactions on exchanges are out of China. Since I don't speak Chinese I had to look for articles and...
  11. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    A dollar is debt-based because in theory it represents a debt owed to someone, and the paper is supposed to have no inherent value of its own. It was originally just a receipt that the storekeeper...
  12. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    There are some who believe Bitcoin's relative volatility will match that of fiat currencies within the next couple of years or so. Here's one article:...
  13. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    Bitcoin is in demand by several different groups for different reasons, sometimes we'd need insider info to determine what they are thinking.

    1) China is exerting tremendous pressure on Bitcoin...
  14. Re: Bitcoin, the war on cash, Clif High, and the NSA's long range plans

    Paul, everything else aside, I'm having trouble equating the current debt-based fiat system to Bitcoin. Bitcoin's value is supposed to be based on the fact that (1) quantities are permanently and...
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