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Posted

'Non-political' Bitcoin is 'like internet – can’t be put away easily'

The crackdown campaign against the Bitcoin payment system was instigated by banks which see it as an “existential threat” to current financial system “crashing down and squeezing so much human energy out of our planet,” blogger Mike Gogulski told RT.

The US government has never made secret that it is keeping a close eye on virtual currency Bitcoin, but now it appears that scrutiny has turned into a crackdown on the decentralized digital currency.


More here:

http://rt.com/business/bitcoin-threat-financial-system-425/

Posted

I have never in my life ever advocated for corporate welfare or personal welfare and was, still is, and will continue to be against the bailouts nor have I advocated in favor of giving government any more power over what it has now. I have zero problem with companies or people going bankrupt - it's not my problem to pay for it. What bitcoins prove is that government and those who work for it are generally evil people who squeeze out any part of the marketplace to maintain a government controlled monopoly of the marketplace at witnessed by this immoral seizure of bitcoin

Posted

I have never in my life ever advocated for corporate welfare or personal welfare and was, still is, and will continue to be against the bailouts nor have I advocated in favor of giving government any more power over what it has now. I have zero problem with companies or people going bankrupt - it's not my problem to pay for it. What bitcoins prove is that government and those who work for it are generally evil people who squeeze out any part of the marketplace to maintain a government controlled monopoly of the marketplace at witnessed by this immoral seizure of bitcoin

What bitcoins also proven is that an unregulated market can often work agenst the interests of the general population, what a supprize that it massively gained in value when all the tax dodging Russian crooks had to look for somewhere new to hide there ill gotten gains when Cyprus started talking about taxing savings.

Posted

What is in the "interests of the general population" is not in my interests. Some individuals just want to opt out of government and be left to make our own choices in life. I remember me dad said once the smallest minorities are the ones whose individual rights should be looked after, and the smallest minority is the individual. Dad was right

What bitcoins also proven is that an unregulated market can often work agenst the interests of the general population, what a supprize that it massively gained in value when all the tax dodging Russian crooks had to look for somewhere new to hide there ill gotten gains when Cyprus started talking about taxing savings.

Posted

What is in the "interests of the general population" is not in my interests. Some individuals just want to opt out of government and be left to make our own choices in life. I remember me dad said once the smallest minorities are the ones whose individual rights should be looked after, and the smallest minority is the individual. Dad was right

Bitcoin to me is really a great example of the whole libertarian movement, you have lots of rhetoric on the net about creating a libertarian state but when you look at the actual use its mostly by rich criminals and tax dodgers who'se only problem with the state tends to be the specific areas that stand in the way of them enriching themselves at others expense.

Ultimately I see very little in the way of truly critical thinking from libertarians, to me they actually look far more partisan in their politics than most of the population mistrusting "goverement" but unquestionabley trusting their own sources.

Posted
  1. E-Bay in some way is a great example of how little the state is required for anything to be honest. You have private individuals voluntarily entering into a trade agreements and it more or less self regulates itself via the buyer and seller rating system. Yes there are thieves on E-Bay, but overall the E-Bay world works very well and it more or less has nothing to do with government which is impressive.
  2. Bitcoin is another example of individual looking over their own currency/money supply of intrinsic value and again it doesn’t require government central banks
  3. The American state of New Hampshire with no income tax, no sales tax, and an entire body of bureaucrats from the fire chief to police chief and so on who are in volunteer positions of which most have no financial remuneration with perhaps the exception of a stipend points out to a working model in the real world with very little government.

By allowing individuals to trust their own economic models it doesn't prevent others from forming a co-op model but more importantly the co-op model doesn't take from those who wish to opt out of it.

Ultimately I see very little in the way of truly critical thinking from those who automatically state that the only solution is to look towards a government focussed model...

Bitcoin to me is really a great example of the whole libertarian movement, you have lots of rhetoric on the net about creating a libertarian state but when you look at the actual use its mostly by rich criminals and tax dodgers who'se only problem with the state tends to be the specific areas that stand in the way of them enriching themselves at others expense.

Ultimately I see very little in the way of truly critical thinking from libertarians, to me they actually look far more partisan in their politics than most of the population mistrusting "goverement" but unquestionabley trusting their own sources.

  • 4 weeks later...
Posted

  1. E-Bay in some way is a great example of how little the state is required for anything to be honest. You have private individuals voluntarily entering into a trade agreements and it more or less self regulates itself via the buyer and seller rating system. Yes there are thieves on E-Bay, but overall the E-Bay world works very well and it more or less has nothing to do with government which is impressive.

They aren't entering into trade agreements at all, they are executing financial transactions within a government-regulated market using government-controlled currencies.

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